Stocks v crypto

[Anonymous No.28607087]

I'm not anti crypto I've brought a few, really not many.

But as a vehicle to build wealth can you shill me on why it's better to get into crypto vs traditional stonks trading

[Anonymous No.28607782]

Bump

[Anonymous No.28607930]

I like to think of crypto has a high risk high reward, if you put 5k dollars in, you either lose all of it or get super rich. With stocks your ass is bend over and fucked no matter what you do, and *maybe* you can get a 2x-10x return on your investment after 5 years

[Anonymous No.28608086]

It's not. This board is just full of neets with a few hundred bucks to gamble with so they desperately chase pump and dumps. If you want to make actual sound investments there is maybe one or two crypto projects that have a real future, but mostly just go stonks

[Anonymous No.28608295]

>>28607087
I think it depends on your risk tolerance. Generally crypto will have better short term gains but is more volitile. Stonks aren't as speculative and have years of foundation backing them, crypto is still a toddler and just now starting to gain a little real world traction.

[Anonymous No.28608318]

>>28607930
This.
OP, something like GME has been called a "once in a lifetime" event and resulted in a X100 if you were super early and sold the top.
Crypto has dozens of such projects.

Also much less barriers of entry as soon as you're in the system and much higher data transparency. Try to set up a crypto trading bot and then try to set up one for stocks as a private person.

[Anonymous No.28608320]

>>28607087
With stock you're looking at 7-10% gains every year. With crypto you can easily do 3-10x or more every year. A week ago my entire portfolio was worth $3200, yesterday it peaked at $7500 before settling in to $6800. I didn't buy anything during that week, it was mostly gains from GRT. Now my portfolio is $7500 again but that's because I added 2 AAVE to my portfolio. Lets see stocks do that.

[Anonymous No.28608979]

Yeah a bit of background I'm not totally unfamiliar I lurk this board alot.nearly gambled 10k on link at 0.24 USD back in the day. Think identified the next link maybe (no shill) and with stocks your gains are much more meagre it's more the fact of justifying it to boomers really that I'm having a hard time getting my head around.

[Anonymous No.28609174]

>>28608979
>justifying it to boomers
Goodluck

[Anonymous No.28609550]

>>28607087
Look back at history.

There were people who looked at the first steam engines and said
>yeah this shit is gay I'm sticking with the horse this crazy bastard trying to get money from me for this haha

There were people who looked at the first airplanes and said
>this shit is too crazy and speculative, balloons and zeppelins are the safe investment

There were people who looked at the internet and said
>this is a stupid fad, all these idiots are throwing their money into a casino here but I'm sitting comfy on my Bell Telephone stock *smug 90s pepe*

You're looking at crypto and doing the same thing idiots all throughout history have done, which is betting against technology. Do not bet against technology.

[Anonymous No.28609652]

>>28608979
You probably haven't identified the next LINK. I have and I've been trying to tell you people but I'm over it so I can scoop it up cheap

[Anonymous No.28610263]

>>28607087
If you understand bonds you'll understand Bitcoin. There's something like 150T in bonds. Bonds are currently paying either nothing or negative.

The 60/40 portfolio was one of the most popular investment strategies for decades. That 40 just got wiped out.

QE prints more trillions out of no where.

So, you can put your money in bonds - and get nothing.

You can put your money in stocks. Price to earning ratio's have gradually become unprecedented over the years, and tech darling companies have simply become stores of value. Also, stock buybacks have made valuations even more dislodged from reality.

Real Estate is at an ATH despite the fact we're in a recession.

Populism, seen through riots on both sides, as well as GME and the further wealth inequality we see are all leading to a paradigm shift.

The obvious choice is a store of value. Bitcoin is like buying Google pre-IPO, before the institutions have bought. It works better than gold in every conceivable way, as well as ways that haven't been invented (programmed in) yet. It's incredibly deep, but at it's heart it's a savings account, when, shockingly, no true savings account actually exists in the world today.

Raoul Pal, Michael Saylor, Preston Pysh, Jeff Booth, Saiffadean Ammous. After you listen to these guys, trust me you'll be absolutely raving about Bitcoin.

[Anonymous No.28610802]

>>28607087
a bunch of faggots in this thread who have never stock traded and only have GME and TSLA as a reference

OP, crypto isn't bad, it's just the boomer fud and countless pajeets scams that keep trying to take your money, I mostly stick to link, bitcoin, and stocks, and stocks is a different ball game from crypto, take a stroll on /smg/ on the weekends if you're interested, there are plenty of opportunities to 2x, 3x your investment pumping and dumping penny stocks, playing options, or just buying and holding, I got my start in stocks, and when I turned my 4 digit portfolio into 5, and eventually 6, I rolled some profits into crypto, and now I'm steadily approaching 6 figures, this crypto shit would have burned me, couldn't handle the constant pajeet bs.

End of the day, they're both methods of building wealth, however crypto is a currency, stocks are equity, and therfore are much flexible, and safer, stocks don't go to 0, and you can always recover, many more move wealth class based on equity (real estate, stocks) more than they do crypto, and there are the few that move up on crypto.

[Anonymous No.28611159]

>>28609652
shill me.

[Anonymous No.28611307]

>>28607930
Crypto on /biz/ is basically playing roulette and hoping India decides to shill your coin to take money from stupid westerners
I’m sure there’s actually legit crypto out there but new coins come up faster than Chinese Pokémon knockoffs

[Anonymous No.28611485]

>>28611307
any good subreddit that you know?

[Anonymous No.28611625]

>>28611485
No. Reddit is just slightly less cancerous than /biz/. Just buy something that’s not being shilled yet and hope Rajesh does the rest. Anyone telling you their coin is going to 100x is either a scammer trying to make money or someone who was scammed and is trying to make their money back
As long as you treat crypto like a bet you have nothing to worry about.

[Anonymous No.28611747]

>>28610263
As far as crypto is concerned. There are tens of thousands of altcoins. If you check historical market caps, say from only a few years ago, you'd be hard pressed to identify any of them.

In other words, altcoins are a perpetual cycle of booms and busts. And the few that have survived STILL don't have adoption or utility, it's still speculation - which should make you think. You can make unprecedented returns, but usually need to be day 1 on projects that are at least half legitimate. Aside from that it's luck (or insider knowledge on some event that drives price up).

It's also dependent on capital you put in. You "can" make millions, but that's only if you put in a sizeable initial investment in the first place. And it's hard to rationalize putting in a large sum of money in BananaCoin or whatever. In other words, the people making the 100,000% returns probably only invested a few hundred dollars in the first place. Start spreading this out and you realize that it's mostly luck and a lot of time.

[Anonymous No.28611820]

Stocks are pnozi scheme

[Anonymous No.28611838]

>>28610263
>Raoul Pal, Michael Saylor, Preston Pysh, Jeff Booth, Saiffadean Ammous. After you listen to these guys, trust me you'll be absolutely raving about Bitcoin.
You're not going to get any sort of objective knowledge from these guys when they've already bet everything on cryptos

[Anonymous No.28611859]

>>28608086
ADA

[Anonymous No.28611872]

>>28607087
Buy $HCMC on Tuesday it's the next millionaire maker stock
Okay boys you made me rich with Link, and then I got even richer with stocks, now I feel like it's time for me to give back
$HCMC stock is going to $1 - it's currently trading at .0042 (About what I was paying for Link when you guys shilled me into buying it) We are doing our online campaign starting on Tuesday. Let's load up on opening bell or premarket if you can, we are going to the moon here boys. Even if we go to .10c if you invest $4,000 you'll have $100,000
What is HCMC?
https://www.youtube.com/watch?v=ec64Qz5dHRg
Jaleel White is on board
https://www.youtube.com/watch?v=DD6C-77kZyc

[Anonymous No.28611966]

if I had an opportunity to change anything I’d like to shoot this nibbas who shilled here this trash
have already lost 2000$ for their scam bot
who this nigger that made this stupid retarded bot
sounds like it is better to wait for full-ecosystem release for Bot Ocean and their solutions
my wallet is weeping

[Anonymous No.28612415]

>>28611838
I was listening to them as they were putting their bets in back in the beginning of the run and have followed them along the way. I remember when Raoul Pal went 80% in, then all in.

The flip side of your argument is that they have transparently put everything in Bitcoin, therefore must have a pretty good reason to do it. Wouldn't hurt to listen. There are many entities that aren't ever going to tell you they invested, naturally as they're trying to suppress the price as they buy in.

You're not going to find an "objective" opinion in the sense that they don't have an opinion on Bitcoin. Either they're long bitcoin or short. There is no neutral observer. So, I'd suggest listening to debates with them.

[Anonymous No.28612748]

>>28611747
Luck is a skill

[Anonymous No.28612789]

>>28607087
I will make the argument for stocks.

Crypto is potential money. Just like gold and other precious metals.
The traditional definition of money is that which has three properties. Namely, store of value, medium of exchange and unit of account.
These three properties do not have to exist concurrently in a same currency, even if we are used to them doing it.
So bitcoin (and gold) is partially monetized. Dollars are fully monetized.
Gold has some industrial value, everything above that being monetary value, crypto has monetary value.
The monetary value of bitcoin, just like that of gold, is mainly derived from its function as a store of value.
Other cryptocurrencies value might be the consequence of the medium of exchange property.
As I said earlier you could theoretically have two currencies coexisting. One functioning as a store of value and the other as a medium of exchange.

So why does crypto have monetary value as a store of value? Well, it has some properties which make it adequate to serve as a store of value.
However, having those properties is a requisite, they will not immediately bring by themeselves this value. This question is the question of why gold and not other precious metals with similar properties have this monetary value.
There is actually much debate around this topic but I think we can try to see the truth by looking at the other money which is fully monetized but actually works worse as a store of value: The common dollars you use every day.
Mind you, dollars always worked worse as a store of value yet they were all the time fully monetized.
Theory goes that as one currency keeps losing value, this gets reinforced, while other gains it; until the first one becomes demonetized and the latter becomes the new monetary standard.
This occurs kind of randomly and unpredictable until it becomes self-sustained. The more it loses value the more likely it will keep losing value and the faster it will lose it, and vice versa.

[Anonymous No.28612910]

>>28612748
Yes, I don't believe in luck in some fantastical sense. But there's a point where, unless you know Elon is going to go on a DOGE tweet frenzy, or know in advance that Andre Cronje is going to release another vulnerable coin, there's nothing you can do. So, to a certain extent, it's "luck".

[Anonymous No.28612959]

>>28612789
Did you just equate gold and crypto?
HAHAHAHAHAH holy shit thanks anon you larp as a retard really well

[Anonymous No.28613076]

Diversify

Hedge with crypto

[Anonymous No.28613415]

>>28612748
>Luck is a skill
Kek, I haven't seen this since I quit playing Shadowverse

[Anonymous No.28613932]

>>28607087
>>28612789
Apart from that, there is the possibility that the dollar is fully monetized as a result of taxes. When you have to pay taxes, you owe a debt to the state in dollars. This securitizes the dollar and that demand is what makes it so valueable.

If that's the case, nearly everyone has a mistaken idea about what money is and how it comes to be.

So let's turn to stocks. A stock is a partial ownership in a corporation. Future expectancies on the performance of the corporation are priced in the stock. If they are not you can profit by pricing them in.
Even if the market doesn't price them in you would only have to wait until the profits materialize.

So the difference is, with crypto you profit if the cryptocurrency you are holding becomes more monetized than it already is. Which might or might not happen. If it increases in price it's more likely to keep increasing and if it doesn't well you sell, and sell fast.
But you don't really know when this might happen.

With stocks if it decreases in price you buy more because you are pricing in something the market is unaware of and you assesment of the bussiness didin't change - unless the price drop is a consequence of some news which change your assesment of the bussiness.

From my point of view the value of crypto and gold is a mixture of an unrealistic monetary theory and a gambling component intrinsitc in this self-reinforcing mechanism.

>>28612959
No I didn't. I compared them because they are in the same category, that of having monetary value derived from its function as a store of value, which is supposedly thanks to their particular properties.
Learn to read.

My argument is that if that's the case it's unpredictable. You would be advised to buy whenever the price rises and to sell when it doesn't. If you are right or wrong it's anybody's guess. And that's just taken the unrealistic theory of money as true.

[Anonymous No.28614070]

>>28607087
>people start seeing the massive gains on crypto
>people start leaving the stock market
>stock market starts crashing
>more and more people leave stock market for crypto

Get out early while you can.