Cryptocurrency is poor men Lower class wall street

[cryptoboss2020]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

[Tytanowy Janusz]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

Nah... this is wall street:



Where certain rules are imposed that do not apply to everyone. Where big banks cheats, get financial penalties, which they accept and continue cheating, because the profit exceeds the penalty.

https://www.dw.com/en/deutsche-banks-5-biggest-scandals/a-46510219
http://ig-legacy.ft.com/content/23fa681c-fe73-11e4-be9f-00144feabdc0#slide0

Crypto has same rules for everyone - no rules.

[sheenshane]

Crypto has same rules for everyone - no rules.

Exactly.

So is the cryptocurrency is poor men the lower class wall street?

Isn't work like that, for the cryptocurrency is aiming for the same goal, it's equality and solidarity.  With wall street, it seems to have multiple ideologies when it comes to economic status. 

However, it shows similarity in a way since cryptocurrency tends not to be affiliated with any central bank which the wall street is doing the same thing with the American government but the similarity already ends there.  With Bitcoin and other altcoins, it hopes for smoother exchanges in the market regardless of your location, race, and status in life that makes it to be an ideal currency which needs to be acquired globally.

[hugeblack]

cryptocurrencies have broken the barriers between members of the classes and between countries, you do not need many complications to start investing, so you do not need to verify your identity as long as a second party can send you money without asking you for your personal data, or even mining it.

As for those who use it, it is not for poor people only, but everyone who sees an upcoming collapse of the economic system, and a real opportunity for bitcoin.

[South Park]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

Nah... this is wall street:

snip

Where certain rules are imposed that do not apply to everyone. Where big banks cheats, get financial penalties, which they accept and continue cheating, because the profit exceeds the penalty.

https://www.dw.com/en/deutsche-banks-5-biggest-scandals/a-46510219
http://ig-legacy.ft.com/content/23fa681c-fe73-11e4-be9f-00144feabdc0#slide0

Crypto has same rules for everyone - no rules.

I'm keeping that image for myself, and it is a clear example of why this market is better than any other, banks, financial institutions and big businesses have a huge advantage over the average person, not only they have inside knowledge that they can use to trade the markets despite the fact that is illegal, they can use their connection to the governments to be rescued in the case they make the wrong moves with the argument that they are too big to fail, and politicians are happy to give them the money of the people and we have no control over this process at all, but in this market everyone plays by the same rules and that is very refreshing.

[Haunebu]

If that was truly the case, cryptocurrency liquidities would be way lower when compared to what we are seeing now and market manipulation would be way lower when compared to the current scenario where whales rule the markets.

Cryptocurrencies provide the lower and middle class opportunities to jump into the rich sector with minimum effort if luck is on your side thanks to the extreme volatility involved.

All classes equally benefit from cryptocurrencies legally and illegally based on what I have observed.

[coolcoinz]

It's funny what you said, because how would you describe bitcoin millionaires? Are they lower class investors? Is Michael Novogratz a poor guy who has to choose poor man's investments because he can't afford Wall Street? Stocks also can be very cheap. In 2013 Tesla stock was worth just $10, now it's more than $400. Even poor people can make money in stocks, just like the rich can make money in cryptocurrencies.
Cryptocurrency has a different entry point. For some people like tech savvy millenials it's actually lower than stocks, for old-timers like Warren Buffett it's much higher than stocks. 

[cryptoboss2020]

It's funny what you said, because how would you describe bitcoin millionaires? Are they lower class investors? Is Michael Novogratz a poor guy who has to choose poor man's investments because he can't afford Wall Street? Stocks also can be very cheap. In 2013 Tesla stock was worth just $10, now it's more than $400. Even poor people can make money in stocks, just like the rich can make money in cryptocurrencies.
Cryptocurrency has a different entry point. For some people like tech savvy millenials it's actually lower than stocks, for old-timers like Warren Buffett it's much higher than stocks. 

tech savvy millenials...yeaaa:D yea right

i mean crypto is for uneducated people as i am myself so the lower class the great gatsby:)

[blockman]

How do you explain the distinction of Wall St. and Crypto. Why you've said that it's like a poor men if it has made a lot of rich people in the world having only invested early than any others. It's no luck that they've made their millions and riches through crypto. While in Wall St., you'll get a lot of rants from the people that their sucking others money.

i mean crypto is for uneducated people as i am myself so the lower class the great gatsby:)

An uneducated person will not understand it either. Citibank, Grayscale, Jack Dorsey, etc. and other prominent people. Yes, they're uneducated?

[cryptoboss2020]

How do you explain the distinction of Wall St. and Crypto. Why you've said that it's like a poor men if it has made a lot of rich people in the world having only invested early than any others. It's no luck that they've made their millions and riches through crypto. While in Wall St., you'll get a lot of rants from the people that their sucking others money.

i mean crypto is for uneducated people as i am myself so the lower class the great gatsby:)

An uneducated person will not understand it either. Citibank, Grayscale, Jack Dorsey, etc. and other prominent people. Yes, they're uneducated?

well they run that crypto lower class wall street game for us sure they are educated but crypto is destined for lower class and middle class dreamers.

[ene1980]

well they run that crypto lower class wall street game for us sure they are educated but crypto is destined for lower class and middle class dreamers.

You got that completely wrong, anyone can invest in any financial asset and for that you need money and cryptocurrency is no different. There are billions invested in bitcoin and other major coins and you think the lower and the middle class are doing that. If you are talking about making a fortune yes it gave the opportunity for everyone to make money because it is the initial stages of a new technology and any blind invest during the initial period will make money.

[Kemarit]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

No comparison between the two, cryptocurrency is original, there's no such thing as lower class wall street.

Haven't you heard that there are billionaires going public and telling us that they are into crypto or bitcoin now? So on the contrary, wall streets are shifting to bitcoin now.

If you are uneducated in crypto then you are going to be lost in the economics of it, how can you make money if you don't know how to trade? how can you invest if you are buying on top? So you should also educated and equip yourself with knowledge here, so all your arguments is flawed in the beginning.

[Salauddin1994]

Cryptocurrency means poor men are not the road to the lower class wall of crypto there is no difference between the rich and the poor everyone can use and invest in bitcoin as they wish. But the root cause of the poor is that in the absence of poverty they cannot be educated and cannot develop knowledge there is no discrimination in the case of bitcoin the rich can use both the poor but the poor must become educated first. Uneducated they have little idea about bitcoin and technology.

[Sirait]

So is the cryptocurrency is poor men the lower class wall street?

But I like that

^ Cryptocurrencies are still 10 years old but already have a market capitalization of hundreds of billion dollars, do you think cryptocurrency is a lower-class wall street?

Wall street old men will bite their fingers when the Bitcoin price crosses $ 20k and continues to rise.

[romero121]

Cryptocurrency isn't defined to be used by a specific class of people. This is purely people's money, and based on one's ability one can buy or invest. The profiting happens accordingly. In simple cryptocurrency has made lot many rich people. With its growth and increased price it looks like rich people only can benefit and make use of it. This is a wrong assumption, users who has the ability to observe the market and make closer prediction surely one can make big money out of small investment.

[el kaka22]

Not a bad take actually. Wall street is lower class wall street by the way. If you want to buy a stock for 2000 dollars you can totally do that, if you want to invest into some pink sheet stocks (like brand new projects on crypto) you can do that as well, there is really nothing that stops you from doing that.

So, you could do the same things you can in crypto world and stock world at the same time with the same amount of money. However wall street is loved by the whales and wealthy and they are the ones who make company owners billionaires by allowing them to do IPO and sell their stocks or at least make their stocks worth more. We do not have that kind of stuff in crypto world, which makes us the lower class for wall street traders.

[Sapphire915]

Its funny but  really make sense for me. I believe that crypto currencies are for everybody, regardless the race, culture and status in life. As long as we have an internet access and the technology, we can absolutely take part in Crypto world and enjoy the easy and great benefits that it brought to all crypto enthusiasts anywhere we are in the world. Indeed, this industry offers an equality and advancement  to every individual who has the interests and willingness to learn and earn great profits.

[jademaxxiss012]

No, it is the oppsite. Bitcoi  market had gone stronger and that it can be visible in the coinmarketcap.com site.  If this is only a poor men street then you will not be seeing a good bitcoin market price in the market considering 19K$ is a huge or big market. It should not be consider as poor men lower class street and instead it is one of the best technology or investment scheme away from banks services, taxes which are free if done to  cryptocurrency. This is what I think the most ideal (bitcoin and other nationality wishes to have). I just wish too to that someday I can get bitcoin.

[CODE200]

It does make sense. Ofcourse we would say that this technology is open to all social status but there's just this thought that investments are meant for rich people because huge capital is a requirement. And in this case, any amount of investment will do because it will still generate profit. The idea is that investing to this technology is open to all but if you want to earn huge profit  you should invest huge amount. In real estate investment or stock market, you will only be able to enter most of the time, if you have huge capital. But it is not enough still, to have stereotypes on this technology as an investment or to any investment in general.

[justdimin]

I really wouldn't even compare the two for logic because one of them is evil in mindset while the other one is trying to help. What wall street is doing is basically a ponzi scheme and nothing more, stocks needs to keep going up constantly otherwise if they fail to go up, eventually they go down and when they go down enough they crash, so every stock needs to have a long term profitable increases or they will crash. Where does that money come from? From you and me, we either buy the stock or just buy the product to make it profitable to buy the stock.

Well, what if we don't have any more money left? The story should end there, that is why it is a ponzi scheme. However governments do end up printing money or bailing them out so that world continues to turn.