Re: Crypto vs stocks

Stocks has been around before cryptocurrencies, so I don’t think cryptocurrencies will be able to compete with them. Another thing for sure is that stocks attracts more investors than Bitcoin and I believe that lots of profits comes from it. Even in trading, people trade a lot of stocks thancryptos. I’m a fan ofcryptos,cause it favors me a lot than stocks.

I don't see a connection here. Would you care to elaborate on that one? Why won't cryptocurrencies be able to compete with stocks and what do you mean by competition here more specifically? If cryptocurrencies are better in risk/reward department, many traders will eventually turn their eye and money to crypto. Moreover, isn't that what's already happening today? Indeed, cryptocurrencies are not as rock solid and reliable as, for example, blue chips. But the latter are not the only kids on the block anyway. There are many other stocks in the stock market and with these crypto can successfully compete for investors money.

Well what they are just trying to ask is what is more profitable, of course it does connection because a lot of people who were interested and focus in stock market in the past years has now swift their investment to cryptocurrency which gave them more profit than they are earning in the stock market.

Yeah, that's the point I was trying to deliver. Indeed, crypto is of no particular use to such monumental investors as Buffett or high-profile speculators like Soros, but to small traders like most of us crypto became a viable alternative in the last couple of years, a Holy Grail in terms of profits. Truth be told, we should be grateful that these folks stayed away from crypto because otherwise it wouldn't have been easy money for us. When crypto turns into something like a currency market and big guns finally get into Bitcoin, it will be a way more difficult to look for profits here.