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Thursday, December 1, 2022
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MAN JUSTIFIES HOW NORMAL STOCKS CAN BE RISKIER THAN CRYPTO, KENA FLAME BY NETIZENS

A man posted an unfair comparison on Crypto and equities, stating how one can lose more money in stocks than crypto but the comparison is too specified on two financial products.

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Netizens call it an unfair comparison.

Here is what netizens think:

People think that Crypto is worst than Equities.

That cant be further from the truth

if you bought $1 of bitcoin at the peak of 64400usd on 12 Nov 2021, you would be left with 30cents (at the current price of 19294usd) – a loss of 70%.

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If you bought $1 of the top Singapore ride-hailing firm Grab at a peak price of 16.37usd on 12 Nov 2021, you be left with just 17cents (at the current price of 2.70usd) – a loss of 83%.

Therefore mainstream tech stock can be riskier than mainstream crypto.

But both will bounce back.

Here are what netizens think:

  • Equities tend to perform well from medium to long term period. An Apple stock was at a mere $38, 5 years ago. Today it’s worth $138. Yes the market will go up and down. But over a long period of investing, and with dollar cost averaging, one can mitigate volatility risk in equities unlike Crypto which can fall to zero over night.
  • I wouldn’t think Grab is a good example. It’s a troubled stock even before they listed. It didn’t boom before and after covid. Don’t know when will they bloom for themselves and the investors.
  • Why use bitcoin? Use Terra and Luna to compare lah. Lol
  • This is called data-cherry-picking to suit agenda “crypto better than equity”. It doesn’t prove anything
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