Anyone buying cryptostocks?

[CryptoPanda]

Please share your experience with that.

[howzar]

What are cryptostocks?

[CryptoPanda]

https://cryptostocks.com/


companies can do IPO and users can buy shares

it's nasdaq for the crypto enthusiast I guess

Still wrapping my head around it though

[cosmofly]

All scams

[ajw7989]

A lot of them look very fishy and sketchy but some are interesting. I too would like people's opinions on the more reliable ones.

[CryptoPanda]

What I don't understand is when you buy shares, how is guaranteed that you actually own part of the company/site and not just imaginary shares?

[howzar]

https://cryptostocks.com/


companies can do IPO and users can buy shares

it's nasdaq for the crypto enthusiast I guess

Still wrapping my head around it though

Ohh ive heard about those but they are risky as they are often scams..

[CryptoPanda]

Interesting. Do we have info for any confirmed scams already?

[CryptoPanda]

no?

[vane91]

Sure they are safe if you know how to trade penny stocks...

collapse of the price every time btc goes up. check
offering dividends to pump the price etc. check
no liquidity. check

caveat emptor.

Disclosure. I'm heavy invested in JDBIF

[ajw7989]

Sure they are safe if you know how to trade penny stocks...

collapse of the price every time btc goes up. check
offering dividends to pump the price etc. check
no liquidity. check

caveat emptor.

Disclosure. I'm heavy invested in JDBIF

you made pretty good money on that stock. I am not sure how valid that stocks looks and the dividend payout looks pretty bad. I decided to give cryptostocks a try recently and so far seems decent as long as you do some research.

[CryptoPanda]

Sure they are safe if you know how to trade penny stocks...

collapse of the price every time btc goes up. check
offering dividends to pump the price etc. check
no liquidity. check

caveat emptor.

Disclosure. I'm heavy invested in JDBIF

what if the site just decides to not pay dividends ?

[CryptoPanda]

anyone else want to share?