bitcoins

[Removed 3]

I did read it and was shocked you would link something so low level. If you learned from it great but what I was trying to say is it’s basic investing knowledge.

Why would you say those things about the people involved in crypto and crypto itself?

you're constantly comparing trading stocks to cryptocurrencies. they're not the same asset class. i didn't think you knew the difference in risk or reputation.

i am not lumping all crypto enthusiasts into one group. i am not saying, they're the bad guys. you do as you please. it's your money.

any thread on barf is open to disussion, pros and cons on any subject. just because some don't share your passion, we're not being negative or trolling. you think no one should participate to balance out the discussion and opinion in this thread, you are sadly mistaken. go ahead hype it up; but there will be people like me who will remind the audience to "be wary of" ...

 

[byke]

^^^Asset class? That's like saying that selling motorcyclists is nothing like selling cars, because cars have more wheels, carry more people, etc., but they're both transpo, the negotiations/contracts/banks are all very similar, on and on. If you don't want to see the parallels, you can always bring up the technical differences to make them seem as different as can be. If you want to see the parallels, they're all right there.

Actually a lot of people lose out and what your describing just doesn’t happen that often.

Please don’t try and paint the stock market as something it’s not.

I’m all for the markets but your idea almost never happens because in order for there to be a winner a loser has to be involved as well.

I feel like we're missing each other here, but...

Someone buys GE, or Ford, or BTC at $10 and sells at $11.50..who lost?

Next person buys at $11.50 and sells at $12.75..who lost?

Next person...on and on.

That actually happens everyday, but like I said, that's the most idealistic version and if you know what idealistic means, then you also know that's it's absolutely not painting the market as something it's not.

 

[Removed 3]

i read enough of this thread and know that the people who put trust in stocks will not buy bitcoin/cyptocurrencies. that is the line i personally draw.

i'm in it for the long-term. socking acorns away each pay period. don't believe in get rich quick schemes. believe that discipline and patience will pay off. i put my hard-earned money in things that are more dependable than cryptocurrencies. reminder: there is no valuation of income-producing assets in the crypto world

 

[SM610]

^^^Asset class? That's like saying that selling motorcyclists is nothing like selling cars, because cars have more wheels, carry more people, etc., but they're both transpo, the negotiations/contracts/banks are all very similar, on and on. If you don't want to see the parallels, you can always bring up the technical differences to make them seem as different as can be. If you want to see the parallels, they're all right there.



I feel like we're missing each other here, but...

Someone buys GE, or Ford, or BTC at $10 and sells at $11.50..who lost?

Next person buys at $11.50 and sells at $12.75..who lost?

Next person...on and on.

That actually happens everyday, but like I said, that's the most idealistic version and if you know what idealistic means, then you also know that's it's absolutely not painting the market as something it's not.

Yea, i had the same question. Why is there a 1:1 ratio?

 

[byke]

i read enough of this thread and know that the people who put trust in stocks will not buy bitcoin/cyptocurrencies. that is the line i personally draw.

i'm in it for the long-term. socking acorns away each pay period. don't believe in get rich quick schemes. believe that discipline and patience will pay off. i put my hard-earned money in things that are more dependable than cryptocurrencies.

You shouldn't say "trust in stocks", imo, because your filter actually has to do with risk, which means that 99% of all stocks are out too, so the game isn't actually how it's being conveyed, which is, "stocks good, crypto bad", it's actually, "high risk bad, low risk good".

Yea, i had the same question. Why is there a 1:1 ratio?

I think it's just because that's the type of trading he's into. Take options for example, a system created by middlemen for the purpose of taking a cut while people give/take from each other in near isolation of actual trading. That's much closer to zero sum.

 

[Removed 3]

You shouldn't say "trust in stocks", imo, because your filter actually has to do with risk, which means that 99% of all stocks are out too, so the game isn't actually how it's being conveyed, which is, "stocks good, crypto bad", it's actually, "high risk bad, low risk good".

close. it's more like, consider the risk and transparency of the value of an asset before considering investing in it.

i am not seeing cryto in terms of good/bad but i do think it is misleading to hype up something, like there is a dependable method to win, without sharing the downsides of the experience

 

[byke]

Your first paragraph applies to stocks just the same and your second paragraph is applying something that a person does, to the medium(i.e. guns fly around shooting people, cars speed themselves, my shoes jumped me off a bridge, etc.).

 

[Removed 3]

yes, the first paragraph was in reference to the choice in buying stocks. the second paragraph is my opinion of people trying to hype up something that has not shown to be at all dependable as an asset to own as reflected in recent history

 

[Entoptic]

you're constantly comparing trading stocks to cryptocurrencies. they're not the same asset class. i didn't think you knew the difference in risk or reputation.

i am not lumping all crypto enthusiasts into one group. i am not saying, they're the bad guys. you do as you please. it's your money.

any thread on barf is open to disussion, pros and cons on any subject. just because some don't share your passion, we're not being negative or trolling. you think no one should participate to balance out the discussion and opinion in this thread, you are sadly mistaken. go ahead hype it up; but there will be people like me who will remind the audience to "be wary of" ...

Please don't say something that isn't true. I'm only comparing stocks to crypto right now because of the current topic.

You are more than welcome to post but if you post BS we will call you out on it. It's nothing personal, just do some research and don't paint with a broad statement brush.

^^^Asset class? That's like saying that selling motorcyclists is nothing like selling cars, because cars have more wheels, carry more people, etc., but they're both transpo, the negotiations/contracts/banks are all very similar, on and on. If you don't want to see the parallels, you can always bring up the technical differences to make them seem as different as can be. If you want to see the parallels, they're all right there.



I feel like we're missing each other here, but...

Someone buys GE, or Ford, or BTC at $10 and sells at $11.50..who lost?

Next person buys at $11.50 and sells at $12.75..who lost?

Next person...on and on.

That actually happens everyday, but like I said, that's the most idealistic version and if you know what idealistic means, then you also know that's it's absolutely not painting the market as something it's not.

You have a good point and there are many different trade whatever it is you're trading. I was trying to point out that the person that sells is missing out on profit if the price goes up. If a person buys and the price goes down, that person has lose.

I think we're trying to make mountains outta mole hills.

i read enough of this thread and know that the people who put trust in stocks will not buy bitcoin/cyptocurrencies. that is the line i personally draw.

i'm in it for the long-term. socking acorns away each pay period. don't believe in get rich quick schemes. believe that discipline and patience will pay off. i put my hard-earned money in things that are more dependable than cryptocurrencies. reminder: there is no valuation of income-producing assets in the crypto world

There you go again with blanket statements. Myself, like you and others, are in the for the long haul as well. I'm fairly certain we all have safe bet stocks that slowly go up over time. It's the smart thing to do with most of your wealth. However there are also many people that invest not just in stocks but other volatile investments and profit from them.

 

[Removed 3]

hey you criticize me for posting up a link to an article from a reputable publication and then classify it as being low on the totem pole in terms of knowledge. then you call my opinion BS. there is no common ground with you.


i am sharing my perspective, adding my view to the mix. i am not calling anyone dumb or uninformed here, as you have.

 

[byke]

yes, the first paragraph was in reference to the choice in buying stocks. the second paragraph is my opinion of people trying to hype up something that has not shown to be at all dependable as an asset to own as reflected in recent history

The only way there would be conflict to hype something that's not dependable, is to hype it as being dependable, which I don't think anyone here is doing. People hyped it because it was blowing up, which of course kicks off a self-appreciating cycle that no product is exempt from. People don't go crazy about blue chips because they're boring, they just creep along, which is great as a long term investment, not so great for attracting attention.

You're applying your own criteria to something that just isn't. You don't go looking at Kia's and complain about how they're not as fast as a Corvette, it just means you didn't know enough about those products to go to the right dealer and that's not the fault of the product. If you just want to convey that crypto doesn't function like a blue chip, yeah, we know that.

 

[Removed 3]

uh, the hype has always been: buy them. you'll make lots of money, buy a house and retire early. i made so much i can buy a bike now (well, hey so can i, a new one at full price)


with stocks, no one is pushing which stock. as a matter of fact, each and every one of us have our favorites, are not shy to share what they are, but we are not pushing them ...

 

[byke]

Buy blue chips, they're great for long term investment. Boom, the pushing box has been checked, apparently for the first time in history.

 

[afm199]

The difference between Bitcoin and stock is blockchain. If I were to invest there, it would be in blockchain tech and implementation. Bitcoin, no.

 

[Blankpage]

Blockchain is great but there's no guarantee everything that adapts it will make money. Could be another craze like the early internet with its huge potential and its many get rich quick failures.

 

[Entoptic]

hey you criticize me for posting up a link to an article from a reputable publication and then classify it as being low on the totem pole in terms of knowledge. then you call my opinion BS. there is no common ground with you.


i am sharing my perspective, adding my view to the mix. i am not calling anyone dumb or uninformed here, as you have.

There is common and it’s starts by posting without labeling and not taking offense to someone saying your article along with your labeling is not called for. No one is calling you dumb.

You seems sensitive when talking about investments m, why is that?

 

[Removed 3]

a word of advice to those working on the art of persuasion: if you try to associate yourself with the term "smart people", it's a dead giveaway that you have more work to do ... and if you want others to be interested in what you're interested in, insulting them is never a good method ...

good luck in attracting followers who want to emulate your "success".


that is all ...

 

[caideN]

Everyone is so butt hurt from losing money in crypto. Hahaha. You guys knew the risk and took it.

*here comes the guys that claim they bought bitcoin at $5 and is still up* LOL

 

[Entoptic]

a word of advice to those working on the art of persuasion: if you try to associate yourself with the term "smart people", it's a dead giveaway that you have more work to do ... and if you want others to be interested in what you're interested in, insulting them is never a good method ...

good luck in attracting followers who want to emulate your "success".


that is all ...

Lol wtf? Why so upset?

Everyone is so butt hurt from losing money in crypto. Hahaha. You guys knew the risk and took it.

*here comes the guys that claim they bought bitcoin at $5 and is still up* LOL

Sadly a lot of people who didn’t watch their money got hurt pretty badly. Plenty of people who did watch their money also got burned.

 

[Climber]

Here is the difference that I see.

Bitcoin, the value is 100% based upon perception of the current market. All you have to go on is figuring what perception of it's value is going to be throughout the life of when you'll own it. And, we all know that perception can change on the drop of a coin.

The value in stocks is that it is a real company with a real product behind it. If you understand the company and it's market, you can improve your potential gains and reduce your potential loses by researching the company and it's market. Now, there is some degree of perception at play as well, but with a much smaller influence on the overall price.

Yeah, there are a handful of people who have made major money off of bitcoin and other crypto-currencies, but that came at the expense of other people who bought in later.

If you've got a good handle on the ebb and flow of bitcoin values, then perhaps you can do well with it, certainly the swings are large if you can catch them right and profit from it, but you can just as easily lose your shirt as well.