Are you preparing for SpaceX stock?

[Thewatchman]

Hi guys,

Recently, the popular awaiting project (SpaceX) was launched few days ago, where almost everyone is finding a way to acquire some quantity of the assets either through stock market or crypto market.

I have searched on bybit how to acquire some quantity, and I came across the option to buy SPCXX, which is equivalent to 1 SPCX on Stock. Bybit meaning that spot traders can only buy SPCXX which is built on Solana and Mantle Network only.

How much trust can you have on this new project, do you see it making good numbers in the future like Gold, Bitcoin and other stocks? Asking this because I am about to purchase some quantity of SPCXX on spot trading for long term. Are you also getting prepared to do the same?

[Charles-Tim]

I have searched on bybit how to acquire some quantity, and I came across the option to buy SPCXX, which is equivalent to 1 SPCX on Stock. Bybit meaning that spot traders can only buy SPCXX which is built on Solana and Mantle Network only.

SPCXX is built on Ethereum, Solana, BNB, Arbitrum, TON, Mantle, OKX X layer and HyperEVM network.

Other ones like the SPXCON on ONDO network will later also be launched.

How much trust can you have on this new project, do you see it making good numbers in the future like Gold, Bitcoin and other stocks? Asking this because I am about to purchase some quantity of SPCXX on spot trading for long term. Are you also getting prepared to do the same?

If you can get the shares directly by buying the stocks, it is better than buying the tokenized SPCX which are not SPCX but pegged to it, although no tokenized stocks that I have heard of that got depegged.

[Thewatchman]

<..>

How much trust can you have on this new project, do you see it making good numbers in the future like Gold, Bitcoin and other stocks? Asking this because I am about to purchase some quantity of SPCXX on spot trading for long term. Are you also getting prepared to do the same?

If you can get the shares directly by buying the stocks, it is better than buying the tokenized SPCX which are not SPCX but pegged to it, although no tokenized stocks that I have heard of that got depegged.

But the price in stock is the same as the price in crypto token, no difference.
So, what makes it better in getting the asset in stock and not in crypto? I am afraid to buy in stock because of liquidation, don't know how to go about stock market, so I only prefer to grab in spot for as long as I can.

[Charles-Tim]

But the price in stock is the same as the price in crypto token, no difference.
So, what makes it better in getting the asset in stock and not in crypto? I am afraid to buy in stock because of liquidation, don't know how to go about stock market, so I only prefer to grab in spot for as long as I can.

What kind of liquidation? Probably you are referring to its derivatives. It is just like saying you buy shares of a bank and that it will be liquidated. That is not possible. Only what can happen is unrealized profit or loss before selling the shares.

The problem that you can asked is the right place to buy it from.

What I mean is if something happened to SPCXX, it can not affect SPCX
If something happened to SPCX, it will affect SPCXX immediately

You should have heard of many collateral fiat stable coins that depegged, that is what I mean. Although, people keep buying USDT and USDC, but they know the risk.

Edit:
Also the title can be a misinformation because the IPO has been overnsimce many days ago and the stock is trading already since days ago.