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/biz/ - Business & Finance

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11287670 No.11287670 [Reply] [Original]

Why are you guys still fucking around with crypto when there are many stocks multiplying in value every day? You don't even have to be lucky, just smart.

>> No.11287684

>>11287670
This. ROYT has 15% dividends a year, paid out monthly, and keeps going up in value. I've made 10% on it over the past few days and already got entitled to a 1% dividend.

>> No.11287701
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11287701

>in 2017 cryptofags were shitting on stockfags because crypto was in a bubble
>in 2018 stockfags are shitting on cryptofags because stocks are in a bubble

this will certainly end well just like it did last time

>> No.11287706

>>11287701
but why would you not make money while it's booming?

>> No.11287744

We are subsidizing those stocks, shut up.

>> No.11287770

i invested 20k in 6 stocks 3 months ago.
i still have 20k

>> No.11287774

>>11287744
YOU shut up

>> No.11287802

>>11287670

>you don't have to be lucky, just smart
>Implying

>> No.11287810

You think I can get decent returns with $4500? Or should I leave it in crypto for all eternity

>> No.11287867

>>11287810
$4500 is plenty to get started with. I'm not talking about leaving in Apple and making a hundred bucks after a month, I'm talking about breakout stocks. Just today I put a grand in ATAI and it doubled within the hour. It's still something like 30% up from what I put in. Follow a blog or some forum for this sort of thing, there's always something about to skyrocket in value, you just have to find it.

>> No.11287881

>>11287670
>Buying stocks at the top
>You faggots are going to sell low anyway

>> No.11287897

>>11287684
Lmfaoo oooo baby's fist div stock. Poor fucking dumbass ahhaha enjooyy

>> No.11288020

>>11287684
how the hell is that div sustainable?

>> No.11288157

>>11287670
Is the baby an arkie?

>> No.11288488

>>11287744
>We are subsidizing those stocks, shut up.
Don't worry we'll get to bail them out when it crashes too, just like 2008.

>> No.11289168

>>11287670
>>11287684
I live in california, they fuck me so badman.

>> No.11289413
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11289413

>>11287701
Crypto and stocks are two different things
Crypto's valuation is based entirely on arbitrary speculative hype, stocks are valued based on tangible products with inherent worth

If BTC went to zero, the world as a whole would largely stay the same
If the S&P500 went to zero, the global economy would collapse
If utility stocks went to zero, you would have no water, no electricity, and nobody to take your garbage to a dump

>> No.11289420

>>11289413
>stocks are valued based on tangible products with inherent worth
kek

>> No.11289427

>>11289420
stop using WM and AWK's products for a day and see where that gets you

>> No.11289448 [DELETED] 
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11289448

>>11287770
I made 14.45% on two stocks today
If my portfolio was worth $20,000, that would be $2890

>> No.11289462
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11289462

>>11287770
I made 14.12% on two stocks today
If my portfolio was worth $20,000, that would be $2824

>> No.11289518

>>11289413
>stocks are valued based on tangible products with inherent worth

Stocks SHOULD be valued on that basis. But that doesn't happen very often. We get a boom and bust every ten years or so because people are dumb and stocks become overvalued far too easily, whether it's tulips or dotcom or some Enron scam.

You simply don't have the information necessary to value a stock correctly; nobody has it. That's why the market will always fluctuate and stocks will always be a speculative gamble, unless you're into insider trading.

>> No.11289553

>>11289518
It is true that speculation plays a large role in the movement of share prices, but if a company can't produce something of worth, it will go bankrupt and lose all its value
Companies become overvalued because they prove that they can produce profits and people get greedy and emotional
Conversely, stocks can be undervalued if their share price doesn't accurately reflect the instrinsic worth of its products
It's impossible for a cryptocurrency to be undervalued because they have no inherent value
They may be partially speculative, but crypto is entirely speculative

>> No.11289626

>>11289553
>It's impossible for a cryptocurrency to be undervalued because they have no inherent value

In some sense, inherent value does not exist. You believe that things more or less necessary for everyday life have "inherent value", but that value is simply derived form the fact that many people want those things. Does rice have inherent value? As all kinds of food, we're led to believe that it should have inherent value, but ultimately its value is always determined by the demand for rice on the market. There are many alternatives to rice, so regardless of its supposed inherent value rice might end up selling for a high or low price depending on people's demand for rice.

Cryptocurrency's "inherent value" is its ability to be used as a store of value and as a means of exchange, just like rice's inherent value is its ability to fill your stomach. If enough people "believe" in a cryptocurrency, its value will go up. Can a cryptocurrency be undervalued? I think it can, because it might offer a more efficient and more secure means of exachnge compared to the competition, but many people are unaware of it so the cryptocurrency is in low demand even though it would do a better job than the other available cryptocurrencies. Then again, it's almost impossible for most people to have enough information to correctly judge the value of any product, so it still remains mostly speculative in my opinion.

>> No.11289684

>>11287670
>You don't even have to be lucky, just smart

>Hes fallen victim of the survivorship bias
>He doesn't know warplanes that return to base intact aren't a case study for how you make an airplane without vulnerability
>He doesn't know it's better to be lucky than smart, any day
>He doesn't realize that he's participating in a rational market where everyone is seeking alpha returns.
>He still believes intelligence and egoism are the secret to a healthy portfolio

You are quite certainly not going to make it.

>> No.11289924

>>11287670
>>11287670
/biz/ don't understand the stock martket

>> No.11289943

>>11289626
>>11289626
>Cryptocurrency's "inherent value" is its ability to be used as a store of value and as a means of exchange
The greatest problem here is: Almost no one use cryptos for that reason. They buy cryptos because they want to get rich quickly.

>> No.11289960

>>11289943
Cryptos value is entirely dependent on the economics of the system. Ultimately it is likely that the only unique value of crypto has is as a conversion function of electronic work to monetary value.

>> No.11290277

>>11287684
LMAO what the fuck is 15%, fucking poverty if u ask me

>> No.11290293

>>11287810
No you wont make shit with 4500 on dividends LOL and if ur not a day trading wiz u not making shit. 4500 in stocks in 2 years will be 2000 but 4500 in cryptos in 2 years will be xx,000

>> No.11290297

theyre holding onto the delusion than it isn't going to take years for crypto to surge again. the worst part is in the last 2018 bubble crypto that mooned in 2017 wernt able to reach their highs again in the next bubble, so if youre bagholding some asset you bought in the last bubble, chances are it's not going to even reach its ATH in the next one.

>> No.11290318

>>11290293
>4500 in cryptos in 2 years will be xx,000
Or 2000, maybe 500 or less. Cryptos are a irrational market

>> No.11290483
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11290483

>>11290293
the bubble is already over
crypto is dead
it will only go down from here

>> No.11290499

>>11289626
>Cryptocurrency's "inherent value" is its ability to be used as a store of value and as a means of exchange

that's a valid use fir it, but it's massively inflated due to a huge speculative bubble at the moment
most people buy crypto solely because the price is going up, not for any other reason
once the hype wears off and those people sell out, it's going to crash drastically
there's no way to tell how far it'll fall or what will be left when that happens

>> No.11290505

>>11290499
>>11289626
for*