Bitcoin Forum

After spending many years as a financial advisor, I find the ravings of many "experts" today as banal. There are those that speak of coins as a "Ponzi" scheme and denounce the validity of the new form of economy. There are also some that want this world to go back to the 50s, and with it all the junk that we have been working to rid ourselves of.
Looking at the new order, I can see many similarities to the monetary base that we are used to. Our economic base is not tied to any metals or valuables, but believed to be of value and tradeable as though it were tangible treasure. We have not backed our currency for many years (since 1971) but our currency has been the standard of the world.
Why then are these "old-timers" so afraid of crypto? Because they are afraid of change. The same reason that we still have racism in this country and others, the same reason that we still have wars. The world has changed, and not everyone is comfortable with that. But to not change with it is socialogical death.
Yes, it is prone to swings in value. Anything that has potential is. But we need to have a universally accepted basis so that sane commerce can prevail. It is the future, and there will always be something that is new. But by understanding it and working within it, one can determine whether it is something to stick with or ignore. I choose to stick.

I think the stock market is in a downtrend so it takes time to recover and in the next few years it's time for cryptocurrency to grow and become a big financial market. world. Many traditional investors have turned to investing in cryptocurrency and that is a good sign for the whole market.

for most its  still dauting to buy into cryptos and blockchain some are old people used to stocks and someone to manage it, others dont understand the use or concepts of use of a coin in a vertical, it is hard to explain to the average guy i mean my friends ask about it i talk about it for years but i really always found this a hobbie something you have for kicks... i do find a lot of value on some projects in this world like in all new things not all ideas will be feasible or a hit but im sure crypto can adress a lot of waste and a corruption and it is in a sense a much more civilized capitalism style with a true open market... my 2 cents on it.

Millennial's (or generation Y, depending on the country, people from 30-40 years) are not afraid to crypto. There are many studies in the press showing that they prefer crypto to stocks.

These "old-timers" you are talking about are mostly those that still resist to internet. People that find to hard to read messages on whatsapp and take pictures using a smartphone. That see with disregard applications like booking.com and airbnb

There is not wrong with this "old-timers" generation. They are resisting to change because most of them didn't take internet and technology serious enough, and don't get it.

The thing is that own the money, they own the system.
But soon they will understand. Crypto is getting bigger and bigger.

They are afraid of new, unknown, unexplored. Resistant to change, as bitmover says.
But there's nothing what can stop the blockchain and cryptocurrency revolution.

Well said OP your depiction of how some members of society refuse to change and adapt remind me of a phenomena, which is that our viewing of this world squarely hinges on our age but more specifically particular ranges (it will of course be generalizing but you'll get the point).

0-18:This is the way the world has always been
19-55:Embrace all and every change, whatever makes the world better Ex
55+:Keep the status quo, why change a good thing?

Stocks are on real estate while cryptoa are also assets virtually as well as a currency. Crypto has a more active market value than stocks which makes it more profitable as an investment. Given that it is also a currency, users will be able to use it to pay bills especially if it us legal to a certain country. That's the biggest advantage of cryptos compared to stocks.

They do really resist since they can able to preview out regarding with its effects if people find out on the advantages of crypto towards stocks. Blockchain technology cant really be stop which sooner or later it would really be recognized and to be adopted even more but when it comes to securities then I will still stick to stocks than on crypto and for sure most people are aware on that stuff but when it comes making money opportunities then crypto would have the edge.

They are afraid of crypto but at the same time they cannot stop thinking that it would be marvelous to get control of the technology, imagine what they could do with a currency where they can track everything you do, the only missing link will be that the blockchain was private and only the banks could see what was going on while the rest of the public was unable to do that.

I don't think any of these "experts" actually believe Bitcoin is a ponzi. I'd like to believe they're actually smart enough to know how a ponzi works. You'd have to stretch its definition pretty far for it to fit the Bitcoin is a ponzi narrative. They're simply using their status to spread FUD. They don't fear change itself; they fear that change will ruin their vested interests.

That being said, there are some valid concerns. It's true that the market is speculative, and each coin is only worth what the next person will pay for it. I believe in Bitcoin's value which is why this isn't a concern for me, but I can see how some people would have a problem with it.

Yes, you are right. this is a good sign, some traditional investors are switching to cryptocurrency. in my opinion this will bring a good impact on the price of coins in the crypto market.

Besides that, they only want to buy more at lower prices and they want to cause more price swings on bitcoin. Experts most of the time only cares for their financial status, and they would do anything in their power just to improve it and one of the ways is spreading FUD's using their status. Those valid concerns aren't that important to mention since something with potential would eventually grow in value.

I don't believe that old timers don't like crypto currencies or they don't like the change or the new trend simply because there are lot of famous old timers business tycoon who invest in Bitcoin like Bill Gates, Richard Branson and many more who believed in Bitcoin therefore everyone will going to adopt the change because the most important thing is the profit to be gain of every invested capital. If the people especially the old timer will see that there is no gaining in joining Bitcoin then for sure no one will invest in Crypto.

The listing of the stock is the ipo requirement is very strict!

And ico is relatively simple, which is why many people choose digital currency!

The autonomy of the ico market and the market subject is getting higher and higher.

Stocks is the current currency market and a traditional one, Crypto is the future and digital market which is going to rule the world. Stocks market and crypto market are alike in getting shares from preople and the only difference is that the digital vs manual I think.

I think time will come stocks are no longer interesting because of the idea of crypto trading. Maybe in due time those stocks will convert into cryptos to adopt the digital market.

I prefer crypto when compared to stock, I like crypto because it often experience fluctuations (volatility) that can provide benefits on each occasion both the occurrence of decreases and increases.

I prefer to invest in bloackchain than in stocks because it is too profitable in crypto unlike stocks where profits takes too long to come or maybe too slow. Crypto is the new trand and people who has been in stocks are now entering the crypto industry. I never tried investing into stock and I will never ever invest on it because I know it is unstable here in my country I mean stocks aren't working great so much better to stick into crypto like Bitcoin.

I don't think so since they deal with different things. Stocks deal with real assets and is backed by existing companies and institutions. Therefore, it's safe to say that between the two, stocks would make you feel safer. Though you're right. If you know your way around, crypto is way more profitable in a smaller amount of time

Well in my own view of opinion we can tell that crypto currency market is more higher now I think than the stock market where we can see that there is more years to spend with than spend in the market of crypto.

I will continuing invest in both the markets. As one is regulated and other is not. So I need to have a balanced portfolio if something goes wrong with unregulated one that I should not suffer or become helpless due to my mistake. Diversification is the key and also keep some amount as spare as in trading it is a risky job so should have some extra money to help yourself during that slack period.

Diversification is key.
Geographical mix (stocks from many continents)
Asset mix (bonds stocks cryptos)
Currency mix (usd eur)

Focus on long term. Discipline, pacience

Who would not turn to it? The fact that it is a new market of great opportunities, the fact that it has a lot of benefit for the early adopters all make it what it is right now and at the end of the day would make it beneficial to everyone presently in the system. Stocks for me is already getting outdate and crypto is the new global stock and I would rather stick with cryptocurrency than stocks at this moment as the future is here already.

One important issue is that most of them know the truth but they are not just ready to accept it. It is more like a denial phase for them and not wanting to believe in their head that a lot of things are changing and the evolution of currency is here. We really do not need their belief, they will soon hit their grave very soon, so whether they are ready to accept the truth or not, at the end of the day, they will get to know the truth.

Stocks have been more reliable than any other type of investment you’re going to find these days. That’s why people find it difficult to accept Bitcoin, because they are believing that Bitcoin will likely be a ponzi scheme and is being manipulated a lot by the people behind. As for me, between Stocks and Cryptocurrencies like Bitcoin, I wouldn’t think twice to choose Bitcoin. The kind of profit that comes from Bitcoin is enough for anyone that understands it to go for it.

In my opinion, both Cypto and Stocks are good but they have diferrences and really depends on your stratgey and risk apettite.

Crypto is very risky that you don't have proof that you owned investments and it's just a matter of wallets. The increase and decrease of prices are really depends on the demands of people around the world. Though this is our future investments that we need to learn it and live with it. The risk is very high and the return might be higher as well only if the market is good globally.

On the other hand, Stocks is very secured investments that you will be at ease that you really owned shares of stock in that company you have invested in. However, the return of investments is low but the risk is low as well and it is only just a matter of to be patient and wait for the perfect timing for your investments to grow.

Both are good and it is better to invest in both because putting all eggs in one basket is very risky so we need to be resilient at anytime. Goodluck!

It is normal to always face some level of resistances when there is a huge disruption that has to do with the financial sector where a lot of fraudulent activities have always been going on. They can keep resisting but one thing I know is that a time will come that they will realize how much of their resistance has been totally pushed down the drain. Some are already beginning to accept the fact that it is a war they cannot win, but for those who are not, i guess they will have to learn the hard way in the long run.

Even if some stock investors have turned to the crypto market demand for the stock is still persistent because of the government support.
Stocks divided into parts on the terms of the country you live in are still profitably if invested properly in but the centralization of the stock system is pulling back investors to the crypto market in which the decentralization rules over everything else.
Anonymity is the key to a high demand of the cryptocurrencies.
I once virtually traded in the stock market but the possibility of the cryptomarket is far better.
Everything can happen in the cryptomarket and the stock market is adjusted to bring profit to the big players.

I can see similarities between the stock market and cryptocurrency prices in that supply and demand are factors in the price as well as news and speculation. Another similarity is that charting fundamentals seem to work for both.

We also see many people trading cryptocurrencies without understanding what Bitcoin is and without having done research on the projects behind these coins. After all, cryptocurrencies are more than just coins to be traded. They are projects with a purpose.

I do not see the similarity of cryptocurrencies with the stock market. It is closer to the Forex currency market. But the stock market has a direct competitor. It's ICO. Therefore, we see that the governments of different countries have concentrated their efforts to combat the ICO. I am sure that this struggle is lobbied by big players in the stock market.

Could you please be more specific about whom you refer to as "old-timers"? Somehow, I'm inclined to believe that you mean Warren Buffett since he perfectly fits the category of an "old-timer" by any metric I can think of. But he explained his stance pretty explicitly and it hardly has anything to do with fear of change or anything of that nature. You can discard his words and opinion as inconsequential, of course, but personally, I wouldn't. In essence, his point comes down to claiming that Bitcoin has no value. Indeed, fiat has no value either but it is used in commerce unlike crypto. And until this changes, his words will continue to hold.

Well, i could say that each of them have defferent forms of assets if we are comparing to market. Cryptos market is a very risky procedure in a forms of marketing because they are volatile in demand and supply. While in real market stock can be seen of project in advance because of economic trends is being studied and already find ways if incase any circumstances will occur, we can easily get funds in other forms of agency.

I also choose to "stick with bitcoin" and the volatility will not stop us not to invest in crypto currencies because I believe it is the future and most of us that believe in it now are going to make millions from it in future. Bitcoin represent the future and we have to buy into our future by buying into bitcoin now.

Anything that comes with change will face serious antagonistic position more than what we can imagine. There was a time I read about when the invention of cars started happening, the rulers of the time believed in trains and because of their selfish interest tries to frustrate it by coming up with several campaigns about how prone it is to the accident and that alone was one of the reasons why before anybody would be issued a driving license, he must prove that he can hire someone else to always go in front and tell people to leave the way but today we are talking of driverless cars and trucks.

The same thing in the crypto today because people are scared of the change and unfortunately those people are the ones that are at the helms of affair. To then force them to the point where they won't have any choice than to fall in line, we have to ensure that things are done in the right way.

It takes time to restore the trend of the current stock market is again down, so that traditional investors turn to crypto, many people who invest their money into crypto because it is more profitable for now. I think if this moment is a moment where the price of Bitcoin or altcoin to stable even soaring high.

Sorry I cut the other parts because this is are the sentences that I just love and also to save some space.  ;D
The change which they are scared of. Tradition. They are glued to tradition that made them so weak to step up and embrace the change that will happen.
Damn, risk it. I dont care. They want to be safe as always, stay to the old flow because it worked. But for how long? Some countries are already on their way to make the bigger change while other stays with the traditional way.
We can still preserve it while being in a new world.

Yes, I think in the near future cryptos will become a big financial market and also institutional investors will jump in. That could be the time when we will see new all-time high in all the major cryptocurrencies...

I like crypto because most are start up and it has more chance to grow than in stock.
We have limited supply as well and we are not yet discovered by a big number of people, with increasing demand and acceptance
of crypto, we will go to the moon.

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 would not say they are resisting to change because of that, though some of them may, but for the lousy ones at the top who have been in the finance sector, the only reason they are resisting change is because of their greedy reasons and they want things to be the way they have always been while they keep monopolizing and manipulating the system for their own gains and ridding the poor of their benefits. Unfortunately for them, their time has ended.

Sometimes we heard news that bitcoin fall more than 7% called ponzi scheme become burst but when stock market crash more than 10% on single day they call nothing. Bitcoin or cryptocurrency market is better than stock market because ledger is transparant and not using leverage that cause buble

I bet cryptocurrencies will be met with approval at the end. But are they really meant to replace stock markets? I mean such a radical idea is often heard to be said... but both can exist at the same time enabling to choose an appropriate way for everyone.

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.

One thing is clear, after the stock market crashed due to tax problems. A very large takeoff has taken place. And their destination is cryptocurrency. Their goal is clearly defined that crypto is the future currency of the world. Stock market capitalization that has been rapidly converted to crypto is an essential consequence.

I haven't been in stock market world because I find it high risk with less returns that is why I did not pursue it although my friends want me to join with them and invest too, and now that I am beginning to join crypto I am much more earning compares to what they are earning.

Both market are very good place to invest. But I will put cryptocurrency as the highest possible profit because it is new and the market is still growing. For this reason, many traditional investors will make effort to discredit the future of cryptocurrency. BTC is revolutionary currency that poises threat to traditional currency. Those who hold large amount of this currency will be left out if crypto will rule the financial market.

"Traditional", or old-school value investors don't keep their wealth as money. They have invested in companies and corporations, so they are kind of agnostic as to what currency will be used in the future: crypto or fiat, at least as long as it doesn't slow down economic development. But here's the catch. Crypto, if used instead of fiat, however unlikely it may be, will be a boat anchor to an expanding economy that will drag it down and a major roadblock that will impede its expansion.

Tax policy can marginally impact the equity markets, but it will not cause a crash. The crash in the equity markets occurred due to worries about overheating of the market and whether central banks would begin increasing rates. The money that flows out of equity markets won't go to cryptocurrency markets. It will go to safe haven investments like government bonds and gold.

Well you must hit the ATHs of some coins last january but if you can still keep up that pace and getting bigger profit than your friends in crypto trading i can say you are a good trader :)
Actually, stock market has a lesser risk because it is less volatile than cryptocurrencies and backed up by assets and you can earn passive income through dividends but the higher the risk the higher the income which goes to crypto.

Tax policy can make stock market rising because people who got refund from their tax will investing their refund tax to stock market. But I am believe that is temporary rising because they just want to hit and run their profits

Cryptocurrency is so much popular at this time. Most of the people who wants to increase their amount of money invests their money into many type of coins like bitcoin. This is a very active system and you can be get your expected profit in a very short time. Almost all the people likes this system very much.
On the other hand stock is also a good thing but you have to wait there a lot and this is not very running system at this era. But if you can keep happy with its system then it will be ok but you have to keep calm with its benefit. Crypto gives us many facilities than stock so that it is more popular than that. Now think about both of them and take the right decision for you.

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.

I don't want to judge stock market because they were also profitable,  many of my friends had become successful in investing stock market so there is no doubt that you can also succeed their it is just in crypto it is easy to earn especially when you know how to take risk.

Yeah that would be better, "Both getting approval at the same time". Obviously the stock exchange are not going anywhere but the question is about the crypto currencies. Whether they will really get the approval or not and if they do get it approved as currency whether they will be available for the trading or not. I know the crypto market is very big, you know the crypto market is worth playing but will banks and regulatory bodies will accept it as legal tender or not is the real question for time being. If they do get it approved then im sure im taking the side of crypto currency because that would be fun playing with them and its hell lot of profit.