But but but crypto investing is dangerous!!!
“Crypto is filled with nothing but scammers and rug pulls”
“Crypto has nothing but shit coins in it”
“Investing is crypto is like throwing your money away”
You get the point and boomers will tell you the right move is to invest into blue chip stocks line FAANG so you can earn a nice 5-7% return which will just barely keep you ahead of inflation (or as it currently stands you are actually LOSING money in the stock market).
But Variance look at this shit coin that just tanked yesterday, why would anyone ever want to invest in crypto?!?!
Ya news flash for ya, that is the chart of Netflix a so called blue chip stock losing over 20% of its value in a single tick range. But ya crypto is the scam here ha!
O and just to add a few more “blue chip” stocks to look at thus far this year. And don’t point out “O variance bitcoin is on there too!”. Well would you rather invest in something that can rebound and 10X or you want to put money into Facebook or Paypal and maybe, just maybe, you make 30-50% gains over the next 3-5 years
Year to date performance:
Amazon: -11.23%
Bitcoin: -13.41%
Adobe: -23.67%
Salesforce: -26.69%
Square: -29.12%
Moderna: -35.62%
Netflix: -35.90%
Facebook: -40.30%
PayPal: -50.58%
Rivian: -64.19%
Shopify: -60.47%