My arse that the stockmarket is safer than cryptocurrency

[IGMOW (I Go My Own Way)Participant 2572]

Cryptocurrency, as it is now, is suffering maturity issues, with the technology. This is being worked on. It will take awhile.

However, look at the bloodbath with the stock markets. I saw one person who wrote elsewhere that “Don’t do crypto, invest in phara stock”. Well, look at the bloodbath now.

Few things are safe. And they are less safe the less you know about them. Anyhow, carry on…

"I am my own thang. Any questions?" - Davis S Pumpkins.

[Anonymous 54]

Of course its not safe.?
Its a place to gamble.

[Anonymous 7]

Food.
Water.
Shelter.
Weapons and Ammo.

You know these things.
Crypto-currency is just another game.

If you want to prepare see the above list.

[wyrParticipant 591]

Anonymous wrote:

Its a place to gamble.

During my last divorce, I sold all of my stocks. I didn’t have much invested as I just wanted to play around and learn a bit about how it works. Some of my investments were profitable, some s~~~ the bed. I invested a little and made a little profit overall. Other than learning more about the market, it was a waste of time.

It’s gambling and unless you’re privy to inside information or have a lot of disposable income to risk, I don’t think it’s worth the risk.

I don’t know much about crypto currency. I think it’s interesting but risky, at least for now. I hope crypto currency continues to mature and becomes secure enough to invest in.

For now, I just save and focus on necessities, at least most of the time.

Self-improvement is my religion. Sovereignty is my god.

[Anonymous 54]

Im just a broke ass that cant make his rent! Haha

But I have a fair amount of commen sense. It suprises me how far off the mark some folks can be.

Some guy mentioned selling his crypto cause it dropped.
Whats the point?
You may as well keep it incase it goes back up.

[CarnageParticipant 22113]

You go to a casino and ask wich one is safer roulette or cards?

Land, water, food and weapons.

Everything else is just a way to trade those above, nothing else.

Crypto is more dangerous because is uncharted waters, stocks? A lot of people know what a stock is now days, damn I know what a Fibonacci proyection is (in theory).

But when you buy a stock you are supposed to have a portion of a company, when you buy crypto…

Unfortunately the stocks can be manipulated, I mean why the hell a company with good results, that is selling a lot lose value becouse some “index “ went down.

Is like your neighbor sold his house and now yours is worth less, no increase in crime, neighborhood is the same, just becouse he sold it it means yours worth less.

GREED is great.

To those following me, be careful, I just farted. Men those beans are killers.

[IRuleMeParticipant]

Anything that can be manipulated cannot be trusted. Crypto currencies, fiat currencies, stocks, bonds, 401k, retirement funds…. You’re playing a game. Win, lose, or draw – you’re playing a game. A risky game. The folks who lost their ass on bitcoin aren’t any different than the folks who watched the market crash before the great depression.

[The Batman 2020Participant 2112]

Anonymous wrote:

Food.
Water.
Shelter.
Weapons and Ammo.

You know these things.
Crypto-currency is just another game.

If you want to prepare see the above list.

Crypto is freedom from the central bank system.

Your 20's are for learning, your 30's are for earning.

[IRuleMeParticipant]

The Batman 2020 wrote:

Grue wrote:

Food.
Water.
Shelter.
Weapons and Ammo.

You know these things.
Crypto-currency is just another game.

If you want to prepare see the above list.

Crypto is freedom from the central bank system.

ahahaha… No it’s not. If it was indeed freedom from the banks, the average joe would have been able to get on in it without selling the farm for one coin. The elite got in on bitcoin, artificially inflated it, and then destroyed the value. Bitcoin has tanked so much in the last two weeks, you’d be a fool to invest. And an even bigger fool to think something with a “limited supply” like bitcoin is going to overtake established currencies.

You cannot destroy national currencies when the very currency you wish to use doesn’t have enough to go around and you can only make so much of. Virtually nobody accepts bitcoin from a business standpoint so you’re lucky if you can even spend the s~~~. It’s dead in the water dude. You guys nuthugging crypto need to get off it’s nuts and come back to reality. There’s no future in bitcoin, and the banks made sure of that. As soon as bitcoin went public on the stock market, it was game over.

[Gravel PitParticipant]

Crypto is going to the Moon bros

[IRuleMeParticipant]

Gravel Pit wrote:

Crypto is going to the Moon bros

It’s already gone to the moon. Now it’s coming back to Earth.

[Gravel PitParticipant]

I’ve done my homework and in my opinion I’m going to buy as much of these coins as I can:

LTC Litecoin and ADA Cardano for the long term, never selling it. HODLING for years and years.

In the meantime, if I want to swing trade and sell off to buy more ADA and LTC I’m going to buy these coins but not hold them indefinitely, just sell them when I think I’ve made enough.

ETH, BTC, NEO, OMG, ICN, IOTA, XLM, EOS…..there are many, many others all over the place but they have to be studied and watched closely because their are many s~~~coins.

Different coins do different things. Some are blockchain protocols which are basically like their own internet where other coins and apps can run on them (IOTA, NEO, EOS, NEBL and others).

Some coins are strictly to be used as currency, XRP, XLM….

I like ADA Cardano because its being made by professionals that back their code with peer review and diligent research, not just some slap it together and throw it at the market kind of s~~~coin. Plus, ADA is multilayered and will be used as a currency and blockchain.

People argued for years about Bitcoin. Its not going away. Naysayers said it was a bubble, its worthless…..well there wouldn’t be 4 trillion dollars sitting in it today if that was the case (after a major correction).

buy and HODL, that is what I’m doing. HODL is slang for Hold. If you don’t think its the future, I think you are wrong and I’m willing to put thousands of dollars on the line. I care about this money and I worked hard for it. That is how much I believe in it.

[Gravel PitParticipant]

NWO, Bitcoin has not mooned at all. It had a correction due to the time of year and a s~~~storm of Fear Uncertainty and Doubt (FUD) perpetrated by MSM and regulator haters.

People like you were saying BTC could never hit $1000, it did it in spades.

People like you said BTC could never hit $5000 again, it did it in spades.

People like you said the BTC was going to crash back to zero after hitting $19K. Still hasn’t happened.

BTC is still worth over 5 times what is was worth 12 months ago and its going to EXPLODE.

Ill be hunting your profile down and posting this thread, laughing my ass off when Bitcoin is worth $50,000 and rising. I will be slapping my knees in a laughing riot when ADA Cardano is worth $25+ because I will be so happy I was spending every last dollar buying that s~~~ when it was 40 cents.

Sit out and ignore crypto at your own expense. I saw what happened last year and vowed that I would never miss that opportunity again. I sat out as a skeptic everytime it did that, never again. I’m pro crypto. Anyone with a brain who has actually done their homework, knows it aint over by a longshot and its not going away.

[Gravel PitParticipant]

Gravel Pit wrote:

4 trillion dollars sitting in it today

my bad on these numbers.

Bitcoin today, has 146 billion in it alone.

The total crypto market cap is currently 400 billion+

It’s reached 700 billion before, and will again

[CarnageParticipant 22113]

Get your bitcoins, I want land, water, weapons and a s~~~ ton of ammo.

Enough to declare war to anyone who try to buy my land with bitcoins.

😁

To those following me, be careful, I just farted. Men those beans are killers.

[CarnageParticipant 22113]

By the way that HODL bulls~~~ is retarded.

Look at me I’m a genius of investments I say hodl instead of hold…

Dude come on.

I ain’t ever gonna get rich with bitcoin stocks or whatever the f~~~.

I do buy some stocks now and then, get a few dividends, get a bit of profit and walk away.

But I’m just gonna put spare change in those bets, I am old enough now to know when I’m out of my league… and crypto is wayyy out of my league.

To those following me, be careful, I just farted. Men those beans are killers.

[IGMOW (I Go My Own Way)Participant 2572]

There is tech issues still needing to be worked out, but I would say, investing a year in learning how crypto works, and getting a feel for why, would be worth more than throwing money in a mutual fund that some broker recommends. Doing this will cost time, and make you richer in the process by knowing things.

There is going to be a lot more cryptocurrencies and assets coming, that will be used to fund businesses. The businesses and ventures will need to up their game to go anywhere.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[IGMOW (I Go My Own Way)Participant 2572]

Check out the original HODL article:
https://bitcointalk.org/index.php?topic=375643.0

That is where HODL came from. It IS bad investing. One is better off moving funds for investing to better places with better returns. Cryptocurrency, when it works right, is just currency. It is meant to remain liquid until you can invest it somewhere. Eventually all currency will go Crypto. Unless you get in an ICO, and hold onto a chunk, and people want it to acquire utility from the business launching it (thus making the ICO worth more), one is just playing a game of arbitrage, and speculation. One better damn well know what they are doing, and understand why things move as they do.

Crypto has such a small track record, it is hard to judge anything.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[The Batman 2020Participant 2112]

HODL = Hold ON for Dear Life

Your 20's are for learning, your 30's are for earning.

[BeerParticipant 11832]

Wait what? A stock market that has rewarded people for hundreds of years who have gone long on a diversified portfolio is more dangerous than crypto?

Market = 10% off its all time highs = “blood bath”

Cryptos = >50% off all time highs = “maturity issues”

Its more like Cryptos = blood bath and Market = buying opportunity. I’m not concerned at all about the market until a large % of established companies with a history of profits and growing dividends start posting losses and cutting dividends. I think “safe” is the last adjective I’d use to describe crypto lol.

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