Topic: [2017-05-31] Bitcoin, Stocks and the Fear of Missing Out (Read 4467 times)
I still have stocks, both in paper and paperless (deposited to a broker). But I haven't trade it all along since I started to be involved in bitcoin. Its just sitting there, although I always checked the price everyday just to be updated but the idea of it selling that does cross my mind yet. But for me, it looks like the latest trend is really on crypto trading. I also profited much this year because of its volatility and we are just in the first half of the year. Truly, crypto trading is very profitable for most of us.
I ditched stocks a long time ago. What's the point of holding and trading stocks, when I can hold and trade Bitcoin in a far more profitable way? I think that's something people (non Bitcoiners) with a decent capital start to realize too. I remember back in the days that I was generating like 10-20% (which in the non crypto world is quite a high return) in profit per year through occasionally buying and selling stocks. Not to brag or something, but the combined price increase of Bitcoin, plus the profits I made through trading the volatility, have landed me above 200% in profits for this year alone. Imagine how much profit others have made if they combined everything with various altcoins that exploded in value. Crypto is hot!
Seeing gains on top of gains increases investor confidence that those gains will last.
Bitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one thing’s for sure -- investors are swept up in cryptocurrency mania.
https://www.bloomberg.com/view/articles/2017-05-31/bitcoin-stocks-and-the-fear-of-missing-out
Bitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one thing’s for sure -- investors are swept up in cryptocurrency mania.
https://www.bloomberg.com/view/articles/2017-05-31/bitcoin-stocks-and-the-fear-of-missing-out
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