RIP Stocks

[pawanjain]

RIP

Now I am not sure whether what I have done was good or bad but I think it's high time now and I should have done it already.
I just sold ALL my stocks and have decided to go all in and trade crypto. I won't be asking which crypto to invest in because I have my own choices already.
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
Although I earned a little profits I think I could have made those profits in a very short time in crypto.
Hence I just sold all my stocks 2 days back and waiting for the funds to get to my bank account.

I will be using all those funds and invest in some coins I have decided to invest in and then see how much profits I make in crypto.
All the best to guys who are here and surviving. Keep going on. We are here for the long run.

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[death69]

Just do not feel bad about your decision. There are people into stocks and others who favor cryptocurrency. You can either make money with which way you want. But is true that cryptocurrency gives you more money than stock with less risk. A underrated coin is capable to give you more than 10 times your initial investment and most of the projects are public and transperancy.

[jackg]

Do you understand the risks you're taking on by doing this? I'm 89% crypto because of its growth (I was 4:1 stocks:crypto to start). I think you might be better off doing something like that to manage your risk if you think it'll grow well.

There's a good chance it'll keep growing until November, but it's quite a high risk investment.

I've been looking at robotics etfs and they look to have managed doing 40% for 66% of the years since 2010 and - 20% for the rest. If you're comfortable not constantly checking profits then you're probably fine as long as you're confident though. Cryptos have their challenges but they're ultimately where the economy/population/companies will likely turn - invest based on fundamentals though and where large companies are moving.

[romero121]

If you have good time to spend, then it is right decision. Stocks won't be having big variation in growth. What we see with cryptocurrency is entirely different. The growth and profiting happens in a larger margin, and to the increased profiting possibility it also have the high risk in it. If you've got good knowledge in reading the stocks and make investment, then it is simple for you to make better earning out of the market variation happening regularly.

[Stedsm]

If you're talking about US stocks, Biden killed almost everything with that one statement about 40-45% capital gains tax. Even Indian stocks are suffering a lot due to record breaking Covid-19 cases coming up on a daily basis. It'll hit the markets really hard if this pandemic doesn't get under control soon.  

[samcrypto]

I’m into stocks for over the years now and I can say that you’re right, cryptocurrency are way more profitable and an active market compare to stocks. I can’t leave stock market for some reason, I believe in diversification and I know stocks can help me cover my losses in cryptomarket.

You can earn as much as possible in cryptomarket at the short period of time but you must also remember that you can lose it as well easily because of volatility, so always know the risk. Either stocks or crypto as long you’re into investment, you have the chance to become profitable so do your best.

[mk4]

It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.

Of course the profit potential with cryptocurrencies are better compared to stocks, because in general, volatility is usually higher. But of course, with higher profit opportunities, the potential for loss is also higher.

Funnily enough in the cryptocurrency space, stocks are frequently demonized; but in the end it's just simply company equity lol. You just need the right stocks to invest in, just as with how you also need to just invest in the right cryptocurrencies.

[watergold]

Leaving stocks doesn't mean the stock market has lost interest, it's just that we're currently seeing many of these investors gradually immigrating to crypto. don't rule it out because you seem to think they are seeing a profit rate of nearly 100%. It is both an advantage and a risk that the wrong crypto choice has made the wrong choice. So it depends on how detailed you are in analyzing the right crypto to move your finances from stocks to crypto.

[DarkIT]

Most of the traders was struggling with empty hand now.Because the market flow is in such a way.If we withdrew of 500$, you may force to loss amount of 40$.So it will huge amount with compared to the ratio.Instead of wasting your funds in terms of fee, you may better hold for the pump.Holding is hidden secret for the most of successful trader.

[jrrsparkles]

RIP

Now I am not sure whether what I have done was good or bad but I think it's high time now and I should have done it already.
I just sold ALL my stocks and have decided to go all in and trade crypto. I won't be asking which crypto to invest in because I have my own choices already.
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
Although I earned a little profits I think I could have made those profits in a very short time in crypto.
Hence I just sold all my stocks 2 days back and waiting for the funds to get to my bank account.

I will be using all those funds and invest in some coins I have decided to invest in and then see how much profits I make in crypto.
All the best to guys who are here and surviving. Keep going on. We are here for the long run.

Trading stocks never been a good idea because of the risk and reward ration but certainly investing in the stocks still worth but its mainly for very long term like 10 years or even more.

[boyptc]

That decision shouldn't be regretted.

You have experienced both markets and you know which you can earn more and if that's going to make you more comfortable, you just did the right decision.

If you decide to go back in stocks, you're free to do it just like in crypto.

[danherbias07]

It will get better. It already came from you about the two years of experience, so I think you are just trying to make sure you made the right choice.
The recent event that are happening is already the proof to it.
Big companies moving their investment with crypto and it may also be able to help you avoiding confusion switching back and forth from stocks to cryptocurrencies.
I don't think you need any advice about it and now you could focus with just one thing on mind.  Cheers to your new journey.

[Julien_Olynpic]

Moving from stock trading to cryptocurrency trading is, in principle, the right choice. But giving up completely from the shares is hardly correct. Shares are a legal market for 1005, legal income, to which the state has no questions. The situation with cryptocurrency is more complicated. I don't know how in the USA, but, for example, in Russia cryptocurrencies have an undefined legal status. Laws are changed quite often both in the direction of softening and tightening of regulation. Today you are a respected cryptocurrency trader, tomorrow you are a criminal.

[TheUltraElite]

Since you have already done it then there is no going back.

The current situation in India is pretty poor in terms of the pandemic, so Indian stocks are and will drop with time in the next week. You could have bought then at low and kept holding them for profits in the next few years.

On the other hand crypto might seem a good option but you are forgetting one basic concept of trading that is going ALL IN in any sector is bad because you have no other method to manage your risk in case that asset class drops in value.

2 years of stocks trading is little time to reach a conclusion. I would personally advice you to rethink your decision. Distribution of funds into different asset classes is important. Both bitcoin and stocks need to be owned if you are diligent enough. However choice is stocks is also important there - FMCG, Utilities, Financials will have a demand in this pandemic - you could still get into them this Monday, if the Sensex crashes again.

Take this decisions wisely, not emotionally.

[Strongkored]

You have made your decision and I am sure you understand the risks, the movement in the crypto market from the beginning of this year is very tempting for people who are usually in stock market change it to crypto market, I devided my portofolio in stock and also crypto, not thinking to sell my stock and full into crypto.
I still think stocks are safer than crypto and better for long term, even though the value increase is not as fast as crypto, but when the bull trend is over crypto conditions will be very different.

[pawanjain]

Since you have already done it then there is no going back.

The current situation in India is pretty poor in terms of the pandemic, so Indian stocks are and will drop with time in the next week. You could have bought then at low and kept holding them for profits in the next few years.

On the other hand crypto might seem a good option but you are forgetting one basic concept of trading that is going ALL IN in any sector is bad because you have no other method to manage your risk in case that asset class drops in value.

2 years of stocks trading is little time to reach a conclusion. I would personally advice you to rethink your decision. Distribution of funds into different asset classes is important. Both bitcoin and stocks need to be owned if you are diligent enough. However choice is stocks is also important there - FMCG, Utilities, Financials will have a demand in this pandemic - you could still get into them this Monday, if the Sensex crashes again.

Take this decisions wisely, not emotionally.

Yes, I have indeed thought about it well enough to execute the plan. I am aware of the consequences and I know the fact that there's an equal amount of risk associated with my decision.
But at this point I think the risk is to be taken and I hope my strategy would work in the current market.
The recent correction is definitely an advatage and I think this would be the right time to make some little investments in some coins.

I am thinking to invest 60% in crypto and hold the rest 40% just in case there's another dip.

[fullhdpixel]

Now I am not sure whether what I have done was good or bad but I think it's high time now and I should have done it already.
I just sold ALL my stocks and have decided to go all in and trade crypto. I won't be asking which crypto to invest in because I have my own choices already.
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
Although I earned a little profits I think I could have made those profits in a very short time in crypto.
Hence I just sold all my stocks 2 days back and waiting for the funds to get to my bank account.

I will be using all those funds and invest in some coins I have decided to invest in and then see how much profits I make in crypto.
All the best to guys who are here and surviving. Keep going on. We are here for the long run.

I believe there is nothing wrong with that. Obviously speaking stocks are not bad, I am not suggesting everyone to just leave all stocks behind and move to crypto, it is a personal preference thing, doing it is not right or wrong, not doing it is not right or wrong. You can stay in stocks, you can leave stocks, you can do anything you want and it would not be right or wrong from the start. What could make it wrong?

If you are making great profits in stock and move it all to crypto and start losing a lot of money, that would be bad, if you are in stocks and losing money but move to crypto and make money that would be great, so basically if you did a good thing or not depends on the results. Which is why I think we should care about the future and take a look what happens after we make a decision to see if you did a good thing or you were wrong with that.

[martina14]

RIP

Now I am not sure whether what I have done was good or bad but I think it's high time now and I should have done it already.
I just sold ALL my stocks and have decided to go all in and trade crypto. I won't be asking which crypto to invest in because I have my own choices already.
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
Although I earned a little profits I think I could have made those profits in a very short time in crypto.
Hence I just sold all my stocks 2 days back and waiting for the funds to get to my bank account.

I will be using all those funds and invest in some coins I have decided to invest in and then see how much profits I make in crypto.
All the best to guys who are here and surviving. Keep going on. We are here for the long run.

In the first place, I admired the guts you have for selling all the stocks you sold out.
And thanks also for sharing the encouragement here in the forum. Perhaps, all of the community
here in the forum are desiring to use our funds to invest in the right coins. Have a good day and God bless
you Sir.

[Willitivity]

Great choice you've made. If you compare the performance of crypto assets and that of various stocks for a particular time period, i know you will be amazed by how impressive crypto assets are in terms of profits thanks to the volatility in crypto market which you won't get from other markets like stocks or even forex. It's just exceptional. I have friends that made a similar move recently to sell shares, bonds and other assets and put those funds in crypto. The interesting thing is that they were glad they did because those investments has been doing very well lately. Good luck

[Wexnident]

It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.

The opposite could be the same so do remember that. I wouldn't judge really if it was a good or bad decision since really, the situation would only become "good or bad" depending on how well you trade in the crypto market. I'd reckon you'd need a bit of time to start up and check out on how to enter since crypto is a high-risk high-reward kind of market. I'd honestly still tell you to actually split it and go back to stocks, since it is still a way to make your money earn more money, albeit safer than the crypto market. Not to mention that stocks value of a few companies would definitely increase depending on how the situation with the pandemic turns out.

[danherbias07]

Yes, I have indeed thought about it well enough to execute the plan. I am aware of the consequences and I know the fact that there's an equal amount of risk associated with my decision.
But at this point I think the risk is to be taken and I hope my strategy would work in the current market.
The recent correction is definitely an advatage and I think this would be the right time to make some little investments in some coins.

I am thinking to invest 60% in crypto and hold the rest 40% just in case there's another dip.

That's just like a business. You need to take the leap of faith and trust your instincts which I think made you make this kind of decision.

Luckily, you did it at the right time. You might want to maximize the investment you can afford to risk right now.
Looking at stats, most of the altcoins are still down which opens an opportunity. We all know where it will go next, time will just tell when.
Are you for long term investments?

[Kittygalore]

Great choice you've made. If you compare the performance of crypto assets and that of various stocks for a particular time period, i know you will be amazed by how impressive crypto assets are in terms of profits thanks to the volatility in crypto market which you won't get from other markets like stocks or even forex. It's just exceptional. I have friends that made a similar move recently to sell shares, bonds and other assets and put those funds in crypto. The interesting thing is that they were glad they did because those investments has been doing very well lately. Good luck

Not necessarilly a good choice for me because you can get dividends on stocks while hodling while in crypto you don't. OP could've transferred it slowly or OP could've not moved it and started over in crypto.

[ardentvolcanoes]

Great choice you've made. If you compare the performance of crypto assets and that of various stocks for a particular time period, i know you will be amazed by how impressive crypto assets are in terms of profits thanks to the volatility in crypto market which you won't get from other markets like stocks or even forex. It's just exceptional. I have friends that made a similar move recently to sell shares, bonds and other assets and put those funds in crypto. The interesting thing is that they were glad they did because those investments has been doing very well lately. Good luck

Not necessarily a good choice for me because you can get dividends on stocks while hodling while in crypto you don't. OP could've transferred it slowly or OP could've not moved it and started over in crypto.

The concept of staking is same a like with dividends I think, you are also getting portions of earnings while holding those
assets  who do offer staking of their coins.
It's always depends from how a person conceptualized his chosen venue, you can earn from both side as long as you understand
what is best for your money.
Opinions and other things that affects your mindset still relies with how you decide, you can use everything as good basis before
jumping into conclusions.

[Scripture]

I do trade on stocks before but since I discovered cryptocurrency, I pull out my funds there and focus on cryptomarket because trading is more active here and you can easily make profit here as long as you execute your trading strategies properly. Stocks are for those conservative traders who don't want to take risk that much but I don't think Stocks will Die, it just that they also enter into a bearish trend and because of the economy situation that many countries are facing right now.

[EiKaGlaShPriSAThWEl]

RIP

Now I am not sure whether what I have done was good or bad but I think it's high time now and I should have done it already.
I just sold ALL my stocks and have decided to go all in and trade crypto. I won't be asking which crypto to invest in because I have my own choices already.
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
Although I earned a little profits I think I could have made those profits in a very short time in crypto.
Hence I just sold all my stocks 2 days back and waiting for the funds to get to my bank account.

I will be using all those funds and invest in some coins I have decided to invest in and then see how much profits I make in crypto.
All the best to guys who are here and surviving. Keep going on. We are here for the long run.

In our life, we all have to go through hardest decisions. Stocks and crypto are both risky and since you already have experience in stocks, I think it will not be difficult for you to adjust in crypto. I know you're not the only person who did that because you guys saw the potential earning in crpyto so do not feel bad to your RIP stocks. Instead of doubting your decision, just find a way how to make your money grow. Sometimes that doubt will pull you down and your emotions will control you so you will commit bad decisions.

[wiss19]

I believe there is nothing wrong with that. Obviously speaking stocks are not bad, I am not suggesting everyone to just leave all stocks behind and move to crypto, it is a personal preference thing, doing it is not right or wrong, not doing it is not right or wrong. You can stay in stocks, you can leave stocks, you can do anything you want and it would not be right or wrong from the start. What could make it wrong?

Even it is a personal thing, I guess we must choose and recommend other to go for whichever is highly profitable for the same time span; I believe lately crypto investments are highly profitable compared to performance of any stock. When we are having easy options we should be go for lots of other procedures to invest into stocks. I mean investing in bitcoin highly simpler one compared to what are the procedures you need to follow for investing in stocks. So, it will be much wiser one if you choose crypto investments; for many reasons.

[pawanjain]

Not necessarilly a good choice for me because you can get dividends on stocks while hodling while in crypto you don't. OP could've transferred it slowly or OP could've not moved it and started over in crypto.

Talking about dividends we can stake altcoins. Staking altcoins will yield more of the coin while just holding it.

That's just like a business. You need to take the leap of faith and trust your instincts which I think made you make this kind of decision.

Luckily, you did it at the right time. You might want to maximize the investment you can afford to risk right now.
Looking at stats, most of the altcoins are still down which opens an opportunity. We all know where it will go next, time will just tell when.
Are you for long term investments?

Yes, I am in it for the long term. Acutally I am already in crypto for the past 4 years which I didn't mention in OP.
So yeah 4 years in crypto and 2 years in stocks and I have seen both the bull and bear markets in both of them and I think crypto is still better.
This is more of an experiment. I will go all in in crypto and then see the results. If the results are too bad (which it won't be) then I might start buying stocks again.

[ololajulo]

I just felt the OP should have done this earlier in the bear 1-2 years ago but he consider the recent market crash for the flip, the recent crash affected the 2 space. Americans react to the incoming tax on the rich which some believe we have not seen the worst senerio until more details is out from the presidency

[dezoel]

There is nothing bad about stocks, just because cryptocurrency is volatile and you can make more than a hundred percent profit doesn’t mean that stocks are dead or whatever you call it. But, it’s still up to you one whatever decisions you have decided to make, it’s all for yourself. I have invested in stocks once, and I wouldn’t say they are bad and I was able to make profit, but decided to quit then due to some issues that I was running out of funds.

Although this time I don’t have plans of going back to it, cause I have been investing in cryptocurrencies, and they are working fine for me. That’s why I said that you have a reason for doing it, but that doesn’t mean stocks are bad.

[dimonstration]

I just felt the OP should have done this earlier in the bear 1-2 years ago but he consider the recent market crash for the flip, the recent crash affected the 2 space. Americans react to the incoming tax on the rich which some believe we have not seen the worst senerio until more details is out from the presidency

Actually stock market price will only be reasonably noticeable in price when it goes 2-3years or more than that unless we do trading every now and then thats the only time we will be able to gain progit on it. But when just seeing the price increases of companies it usually take years and years before it reaches some heights of record unlike in crypto which is too volatile that we see how high it dumps and pump  in prices.

[qwertyup23]

I also started into stocks and what I found interesting is that, in stocks, the market only opens in a specific time of the day. The prices of stocks also are not that volatile as compared to crypto and the investment relatively leans more on to the long-term than short-term. If you want to day trade, having a large amount of capital may be ideal as you will get more returns in the process.

While I do acknowledge your decision of going all-out in crypto, I also advise you to diversify your investments and spread them out into different altcoins. By focusing only into one coin, you are putting yourself at a higher risk of losing your value if the price crashes in the future.

[sheenshane]

The way you say it, it seems like you made a decision without any feasibility study but only judging by what you are seeing in the public.
But let me tell you something, this might actually work.

Just make sure to apply the same principles you have with trading stocks.  It’s just that, adjust the pace a little bit.  Cryptocurrency really is more volatile and it makes it the best market to invest with if you’re looking for an exciting trading experience.

So I would support you with this, I hope you won’t forget me when you’re there and winning.  Good luck with your new venture mate.

[awik p]

we know crypto has large fluctuations, we must take into account the risk, of course with large fluctuations, the risk will be large too. therefore we can divide it into several coins that we have examined, if we want to trade daily, I think the use of stop losses is recommended.

[Mahanton]

In my country, stock market become more non attracted investment anymore, many stock influencer talking about cryptocurrencies market. And i got informations that they are now trying to make retail customer attracted to stock again, no wonder why there is so many FUD news about bitcoin and its alts.

Here on my country its still known and popular because not all are aware about crypto market existence which it isn't surprising but there are traders or investors who do stick out to stock
even they do know about crypto.They cant really just take the risk and they aren't ready to deal with it but honestly they don't know that there is much more opportunity
to make profits and money here on crypto.I cant blame them though if they do like to play or invest on a bit secure way.I cant still say
about RIP stocks because in terms of liquidity and volume this isn't something that can be beat out easily.

[Nanda Dewi277]

Every decision will require risks, both negatively and positively. However, as long as you have made the decision based on your own reseahcr and wise decision, hopefully, you will not regret it.
As we know, today, the stock market is very down, the stock is likely being trouble and has many obstacles right now. Many traders of stocks are also interested more in the crypto and then move their money fully or partially to the crypto market. Hopefully, they do this not because of only following the hype but really based on their own decision.

[FanEagle]

Many traders of stocks are also interested more in the crypto and then move their money fully or partially to the crypto market. Hopefully, they do this not because of only following the hype but really based on their own decision.

There cannot be any surprises on these because traders are choosing what is highly profitable for them by leaving off that they were trading for years. Switching over to different platform is a common thing among traders because they just need profits as there will be no point of keep struggling by sticking where they have been into for years.

I guess once people getting into crypto trading then most probably they may not leave it. Because, crypto trading must be highly profitable one given that by holding itself they could make lots of profits unlike most stock trading.