Lately, I've been trading GOOGL and gold stocks, and honestly, they're doing better than all my crypto investments. What's everyone’s take on this? Do you think crypto will start picking up in Q1 or are we looking at a bump only in Q2?
Okay. How long was Google created, and gold too how long has it being in existence, now compare the years with bitcoin and share their stats if they were able to perform to the level bitcoin has done within a decade.
I always don't like comparing any asset to bitcoin if it's not in the long term perspective but for a short time performance because most of these assets only have short term good record.
Me too, but if you are really a trader, especially a technical one. For sure, you may also need to check other markets, like stock markets, as right now there are some correlations to the price of stocks and the cryptocurrency market.
So for me, there's nothing wrong with trading cryptocurrency, and at the same tim,e you are also checking other markets because there will be some tendency you may see some the same pattern that will help for your analysis.
GOOGL is going to the moon because their gemini and other AI tools. The stock has been exploding for quite a while from pessimistic state back few years ago to super bullish.
Crypto is still behind because there's nothing of significance going right now. Probably there will be more about regulation clarity for stablecoin and crypto but thats all I suppose.
gold on the other hand has been on the uptrend for quite a while because world worry about inflation and majority people choose gold to hedge.
More countries are buying gold, some countries see United States dollar as a threat which makes them buying more gold. Google Alphabet could have risen more because there will be Gemini form of Siri now from Google, and Apple have announced that. So Google will be making the app AI now.
Bitcoin increased in price at least, but other coins could be what you are taking about which are more volatile and they can perform disappointing. At least bitcoin increased from $89260 to almost $98000 within 7 days, but increased from $90060 to almost $98000 in just 2 days.
This is normal because each type of asset/investment has its own cycle. You can not expect Bitcoin to consistently outperform all other investments all the time.
No asset appreciates in value in a straight line, and no financial market experiences only bull seasons without also bear seasons. Bitcoin is no exception. Its price has risen from $15k to $126k, so it is perfectly normal that it is now stagnating and no longer outperforming as before.
Nobody knows what will happen next. Therefore, you should find the answers for yourself.
I agree with this, I don't think crypto will outperform both Google and Gold, we know gold and it's one of the most valuable asset in the world and Google is way older than Bitcoin and now that they have an AI there's no surprise that their stocks will increase.
Now, why it's not surprising? Even the Bitcoin exist more than 10 years now, not all of the country do accept it and there's a lot of issue going on about it, for instance regulations of it, etc. and one reason is how do government tax it or something like that. Compared before, the Bitcoin is doing great and many countries are now accepting it and a lot of people do recognize it and now use in their daily lives.
Lots of things need to happen before that situation happens. But if we look at the investment landscape now majority of investors choose gold as their safe haven asset.
If we talk about google stocks Bitcoin have a great chance to surpass it in future. There's really huge chance that adoption and more demands will come in this coin in future. Bitcoin is really doing great on many countries and I believe those good situation will help Bitcoin to get more demands to lots of investors in global scene.
For GOOGLE and GOLD perps with leverage I use Perpmate dex, for spot like gold I use XAUT just swap trough uniswap dex. I havent found best dex for google, amazon stocks trading on spot yet.
Instead of constantly digging up historical to make comparisons. I think what we need to focus on from now on is, which types of assets will deliver better returns, and that is what investors are interested in right now. They will not care about its history, because it all belongs to the past and they gain nothing from it
At first glance, we all agree that bitcoin has better growth potential, but only time will tell.
It would be unfair to say that assets like GOOGLE and GOLD only perform well in the short term
In my opinion, each type of asset has its own stages, cycles and potential. There will be times when Bitcoin outperforms, and there will also be times when gold outperform. The choice of which asset to invest in will depend on each individual investment preferences.
Have you checked on Bybit and Bitget tradeFi section, they are literally an open space for stocks and commodities. You can check them there and get back to me if you would be needing to proceed on it.
And if you can try it out, will you be looking it out there?
Some cryptocurrency exchanges, such as Kraken, Bybit, and Bitget, offer and support stock trading. However, it should be noted that these are only tokenized stocks, meaning we do not actually own the real stocks. More importantly, liquidity is very low and this make buying and selling very difficult
I have tried almost all of these platforms, and if I had to make a recommendation, I would suggest trying Kraken. Currently, Kraken is leading in trading volume for tokenized stock.
Correct with that they are not an actual shares, so having dividends is not part of deal. So no sense to buy tokenized stock in my opinion. Plus we have this liquidity issue which you have mentioned which can possibly give a problem and risk to those people trade this type of asset.
But if they really want to try maybe that exchange recommendation will fit on what they find since somehow they Kraken is decent exchange offering this digital stock trading which they call xstocks.
But also if I am the one going to trade? dealing with digital stocks is my less concern since still its more better to trade with crypto.
I did try, but I hate that they are KYC, here I either own XAUT in my wallet traded trough uniswap, or trade leverage with perpmate dex also no kyc, both are contract based interactions while, bybit, bitget and kraken are do -> kyc first to trade anything and basically you do not own the funds on their platforms. I would love to trade stocks such as google, amazon, nvidia but traded via dex simmilarly as XAUT.
I dont care that its tokenized version but at least I can hold it in my wallet or interact with a smart contract based platform to swap it back or sell it. Xstocks sound good tho, is it safe tho?
Why are you interested in it?
But if I'm not mistaken, Xstocks does sound promising when we read the description. One thing to note is that if control remains in the hands of a single central issuer, the risks don't actually change.
That's all I can say.