Sell my stocks buy bitcoin...

[Johnyloco]

im an amateur at the traditional stock market so take my musings with a grain of salt. On one hand you have increasingly eyebrow raising divergence between stock price and stock fundamentals as well as numerous bearish calls by legendary investors. On the other hand you have record cash in the sidelines and continued QE by central banks. Two old sayings come to mind:

Quid bono?
Don't fight the fed

Haha, i laughed at the end of your post, it funny but somewhat true. Since I have a small portfolio most is consumed by btc. If id have a bigger portfolio, id probably split it 30%btc, 30%gold, 20% stocks and keep te rest safe

[1715296735]

1715296735

[1715296735]

1715296735

[1715296735]

1715296735

[1715296735]

1715296735

[1715296735]

1715296735

[1715296735]

1715296735

[erikalui]

Stocks is more profitable than bitcoins. If you invest in companies whose shares are pretty low, you can buy almost 100 shares (may be at $10 per share) and selling them at even $0.5 profit could earn you $50 and I've done this and earned the profit in a week. Investing the same in BTC (almost 2 BTC) could barely make me earn $10-$20 in a week or may be I would go in a loss.

[richardsNY]

Stocks is more profitable than bitcoins. If you invest in companies whose shares are pretty low, you can buy almost 100 shares (may be at $10 per share) and selling them at even $0.5 profit could earn you $50 and I've done this and earned the profit in a week. Investing the same in BTC (almost 2 BTC) could barely make me earn $10-$20 in a week or may be I would go in a loss.

I agree that certain stocks are quite profitable, but the problem (at least here with me), is that the minimum fee for executing a buy or sell order for stocks is €9, plus they take around 0.1% of the total worth of the transaction. I have done some trading with stocks, but for me it wasn't very rewarding, so I stopped with stocks.

[Barbut]

Looks like OP have a plan, or better to say had. Two weeks passed long time ago, I wonder did he sold his coins and re-buy stocks again? Risky move yes, but for sure this was a plan for some nice profit. Or it was transfer from safety reasons, in one moment stocks wasn`t safe investment, they could lose their value in days.
Well anyway, now btc is down, and everyone is waiting to see over 700 $ and probably now is not good time for selling coins, I would wait at least a month or maybe even more before any actions with bitcoins.  Until the end of the year price will grow, but when exactly and how much is hard to predict.

[Shiroslullaby]

If he bought coins some time in the last two weeks when they dropped, he could definitely sell to make some profit.
It depends on how much you are talking about since you will lose some to transfer fees etc...
(Unless you have a lot of connections and can sell the BTC $1 = $1)
If you are talking about 10,000 or 100,000 worth of stocks yeah you definitely made some profit.

[d@nte]

I think it is important to diversify, rather than go all in one.

[Hide_ip112]

I think it is important to diversify, rather than go all in one.

verify how friends ..?, I see that it's true this is a pretty good step for this month IE buy bitcoin. However the purchase price provides not just a bitcoin, however the purchase of services that are fun and also convenient is the nature of the bitcoin.

[MingLee]

I think it is important to diversify, rather than go all in one.

verify how friends ..?, I see that it's true this is a pretty good step for this month IE buy bitcoin. However the purchase price provides not just a bitcoin, however the purchase of services that are fun and also convenient is the nature of the bitcoin.

It's diversify; meaning that he's having his money in a variety of different assets instead of putting all of his money in a single asset, so if one asset does poorly and loses him value he still doesn't lose as much as he could have if he had all of his money in a single asset. This technique is used by a majority of traders around the world and it protects them from losses.

[pitham1]

I think it is important to diversify, rather than go all in one.

verify how friends ..?, I see that it's true this is a pretty good step for this month IE buy bitcoin. However the purchase price provides not just a bitcoin, however the purchase of services that are fun and also convenient is the nature of the bitcoin.

It's diversify; meaning that he's having his money in a variety of different assets instead of putting all of his money in a single asset, so if one asset does poorly and loses him value he still doesn't lose as much as he could have if he had all of his money in a single asset. This technique is used by a majority of traders around the world and it protects them from losses.

The important point is that the different asset classes should have low correlation. As per data available now, Bitcoin's returns have almost zero correlation with the returns on other assets. Hence Bitcoin can be used for diversification.

[pooya87]

I think it is important to diversify, rather than go all in one.

verify how friends ..?, I see that it's true this is a pretty good step for this month IE buy bitcoin. However the purchase price provides not just a bitcoin, however the purchase of services that are fun and also convenient is the nature of the bitcoin.

It's diversify; meaning that he's having his money in a variety of different assets instead of putting all of his money in a single asset, so if one asset does poorly and loses him value he still doesn't lose as much as he could have if he had all of his money in a single asset. This technique is used by a majority of traders around the world and it protects them from losses.

The important point is that the different asset classes should have low correlation. As per data available now, Bitcoin's returns have almost zero correlation with the returns on other assets. Hence Bitcoin can be used for diversification.

very good point but i don't think this is working on bitcoin that much.
i say this because bitcoin takes effect on many things but also the main effect on price of bitcoin has nothing to do with other assets. so i can say in most times bitcoin is changing regardless of other assets.

[mindrust]

Wise move. Stocks soon will become worthless papers. I am not sure about bitcoin though. I would choose gold over bitcoin if I were you. Usa says they are going to raise interest rates, if that happens gold will die too. I don't know how they plan to raise rates while there is an election waiting them.

[deadsilent]

Wise move. Stocks soon will become worthless papers. I am not sure about bitcoin though. I would choose gold over bitcoin if I were you. Usa says they are going to raise interest rates, if that happens gold will die too. I don't know how they plan to raise rates while there is an election waiting them.

Yes thats a good choice. Gold for me is the best if you want a long term investment. Gold is falling but slowly but surely rising its price unlike bitcoin. Bitcoin is very unstable and risky. Bitcoin is good and other altcoins are good for trading for me. Its not good to put all your money on it because its risky. If the sudden drops occurs, thats it. You lose.

[phreaky]

You can sell your stock and buy Bitcoin with the money that you get but if it goes good with the stock that you have bought then why come over to Bitcoin.
But yeah, you can also do both which is better.

[wikenpp]

Wise move. Stocks soon will become worthless papers. I am not sure about bitcoin though. I would choose gold over bitcoin if I were you. Usa says they are going to raise interest rates, if that happens gold will die too. I don't know how they plan to raise rates while there is an election waiting them.

I am trade stocks myself and when i was introduced to bitcoin i was sure to buy some extra bitcoins. But obviously I did not go all in. Because going all in is too risky. Especially when you deal with a volatile currency like bitcoin. So yes balance your assets so you got both bitcoin and stocks.

Wait and profit.

[zimmah]

Just buy and hold bitcoin.

At the next stock market crash you might want to pick up some cheap stock. If you think the stock market will ever recover.

That, or we will build a bitcoin-wall street. With stocks priced in bitcoin, that pay dividend in bitcoin. Or some altcoin.

Not worth buying stocks now.

You might get a profit for a while, but the stock market is over-inflated with lots and lots of QE money. And eventually this whole house of cards will fall down.

[Doms]

What I am doing is I put some funds in stocks, while I also have funds in bitcoin. I have other investments (mostly medium-risk ones) other than those two because I believe in diversification. The saying that "do not put all your eggs in a single basket" is something that I try to live by. Makes me worry less about my investments being wiped out all at once, in case something terrible happens.

[sishendaoye]

Just buy and hold bitcoin.

At the next stock market crash you might want to pick up some cheap stock. If you think the stock market will ever recover.

That, or we will build a bitcoin-wall street. With stocks priced in bitcoin, that pay dividend in bitcoin. Or some altcoin.

Not worth buying stocks now.

You might get a profit for a while, but the stock market is over-inflated with lots and lots of QE money. And eventually this whole house of cards will fall down.

This is a option, I also would buy/hold the bitcoin due to the fact its still growing everyday and it has a good future a head these days.
It would be stupid to not hold some bitcoin for later, most likely the price will also go up in about a year to a high number.

[Newcoins2020]

Just buy and hold bitcoin.

At the next stock market crash you might want to pick up some cheap stock. If you think the stock market will ever recover.

That, or we will build a bitcoin-wall street. With stocks priced in bitcoin, that pay dividend in bitcoin. Or some altcoin.

Not worth buying stocks now.

You might get a profit for a while, but the stock market is over-inflated with lots and lots of QE money. And eventually this whole house of cards will fall down.

This is a option, I also would buy/hold the bitcoin due to the fact its still growing everyday and it has a good future a head these days.
It would be stupid to not hold some bitcoin for later, most likely the price will also go up in about a year to a high number.

I also think that it is not a smart idea to be selling your Bitcoin because I know that you can make some money with them in the feature.
It is better to do both because you wont have to rely on one thing.

[Lokfar]

This could be a good option but I honestly do not know if its really the best option because its stays the bitcoin and its risky, its your own choice.
I would gamble on it to be honest, just do it.

[adibe]

I think it is important to diversify, rather than go all in one.

I agree with you. I think it's better to not all in on bitcoin, half for bitcoin and half for other, like invest on something. So, it's more safety and your stocks will safe too, because you not all in on 1 place.