Did you hear about the guy who bought thousands of bitcoins when the bitcoin rate is just cents to the dollar? Well, he got impatient because it took so long to take off that he used them all to pay for a couple of large pizzas.
Well, today, the bitcoins he bought a couple of years back are at least worth $100 million.
It's speculative yes, and risky. But if you had the wisdom to be first at the door.....well you know the story.
Moral of the story ? Hopefully the pizza parlor owner didn't make the same mistake as his customer's.
Bitcoin its all just agreement with your trades, it's like how good you make negotiations .. in short if you a good marketer you can sell an islands with just bitcoin. Remember the first transaction with bitcoin was just 2 slice of pizzas , they have made transaction with the pizza shop just with their good marketing even there were no actual money. Just like in the year 2008 1 bitcoin is just $1000 but now it soaring high to $13000.
The high risks and dubious nature of cryptocurrency should be a cause for government concern. And yet, just some government officials are giving a talk about supporting the newfangled investment instrument together with a self-proclaimed crypto-expert. One would expect our government officials to be more unwilling to take a risk about encouraging the public in investing in such risky ventures.
Delisting is not the question, I know that, it's the question of risk, the reason we go to IPO (stocks) is the hope our investment will at least give a "guaranteed" return rather than trading in the secondary market hoping that our fundamental/technical analysis is correct. Same with stocks, prices are driven by supply and demand of gamblers. So "risky" is not exclusive to Cryptocurrency market, at least its more honest than a market scarred with legitimate scandal like BW Scam, which is riskier now?
Bitcoin vs. Stocks
"Most IPOs in the PSE didn't do well, because insiders have gotten shares at a very steep discount, so even if they sell below IPO price they still earn money."
You cannot always cite the BW Scam to say stocks are riskier.
IPO pricing is based on the current market value of the company at the time, plus or minus any potential upside based on future earnings.
So if the business is not progressing as hoped for, investors may not get attracted to buy more shares. So the stock price becomes stagnant. And if discounted holders sell, the price goes below IPO.
You have a reason to judge when to sell or buy stocks. Not so with crypto.
Certain stocks offer dividends as earnings. Not so with crypto.
Stocks are more liquid. Not so with crypto.
Stocks are regulated when it gets out of control. Not so with crypto.
Stock shares cannot be stolen. Not so with crypto.
Crpto is indeed RISKIER, compared to stocks.
This is a brave new world of currency but then again the cyber age has long started and it is about time that the whole world seriously look into the need of having an international convention with regards to regulating and issuing that novel currency.
Photo credits: https://pixabay.com/en/bitcoin-coins-internet-2582593/
https://pixabay.com/en/business-stock-finance-market-1730089/
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