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> “There’s this whole world of information around the stock market and how to trade [and] what stocks to trade that’s full of terminology that first you need to
by elliekelly 5y ago
> “There’s this whole world of information around the stock market and how to trade [and] what stocks to trade that’s full of terminology that first you need to learn and understand,” Fontes explains. “Whereas in crypto, there’s a lot more information at the basic level because it’s not at the same maturity as traditional stock investing is.”
Perhaps because crypto deliberately markets itself to the uninformed investor.
- jl2718 5y agoAs opposed to the stock market which is only propped up by the, not just pedagogically uninformed as may be the case with crypto shilling, but factually uninformed 401k and pension fund ‘investors’. Sure, many cryptocurrency investors may not fully understand the depths of each protocol, but at least the information is 100% available. The vast majority of stock investors have absolutely no idea what they are invested in, and would be unable to find much information about it if they did, and all of that is considered the main feature of stocks. Isn’t it great that you can give all of your money to a bunch of people you don’t know so that you can watch the number go up and then pay even more money in taxes every time they move the money for you? I’d be shocked if a randomly selected group of those invested in stocks would outperform a randomly-selected group of those invested in cryptocurrency, on the basic SEC investor competence test.
- anotherman554 5y ago"Isn’t it great that you can give all of your money to a bunch of people you don’t know" This is how buying Crypto coins works.
- elliekelly 5y agoThis meme is posted on r/Binance literally every day and I think it’s pretty telling:https://www.reddit.com/r/binance/comments/opzss6/facts/ https://www.reddit.com/r/binance/comments/opzss6/facts/