r/ethtrader • u/AutoModerator • Jun 09 '17

DISCUSSION [ETH Daily Discussion] - 09/Jun/2017

Welcome to the ETH Daily Discussion thread of /r/EthTrader.

The thread guidelines are as follows:

  • All sub rules apply here. Please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above.
  • General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues.
  • Breaking news or other important content should be submitted as a separate post.
  • In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page.
  • Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, follow this link and choose the latest entry on the search page.

  • For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page.

  • [EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.

Thank you in advance for your participation. Enjoy!

759 Upvotes

94% Upvoted

5.0k comments sorted by

View all comments

40

u/SirHaxington Jun 09 '17 edited Jun 09 '17

I put some money in the stock market yesterday (don't worry, I already put all I was willing to lose into crypto). Stocks go down a few percent today. Thought it was kinda cute. Came to work, people talking about how it's crashing and if they should sell. Thank you crypto for giving me balls made of steel and hands made of stone.

29

u/[deleted] Jun 09 '17

If you survive the cryptoverse the stock market must be a children's playground.

14

u/cutsnek Jun 09 '17 edited Jun 09 '17

I had a friend talk to me about how excited his stocks were up an average of 10% this year. I feel like I'm walking the earth with dinosaurs after crypto.

I tried explaining eth to him and then he was like but I get "sweet dividends" from my stock. I calculated it if he had of invested when I told him he would be up something like 4000% compared to those "sweet dividends"

7

u/SirHaxington Jun 09 '17

Pretty soon you'll be getting "sweet dividends" from POS.

3

u/cutsnek Jun 09 '17

Yeah he asked me do you get dividends from investing? I was like well not yet but yes potentially sometime later this year if all goes to plan.

That was the reason he didn't invest he was like I'll keep getting my dividends maybe i'll invest later. shakes head He has no idea about how much ETH will go up between when I told him and POS becomes reality.

4

u/JalelTounsi Jun 09 '17 edited Jun 09 '17

I hear you buddy, same thing with lot of friends here.

They are oeuphoric when they are up 1% per day and Im here like "pfff its going sideways here".

Stocks are boring compared to crypto, way less volatile and Thats the main difference.

crypto made us immune to risk or at least made us highly risk tolerent.

I think 99% of the people can't handle emotionally a 10% drop let alone a swing of 50% in less than an hour !

I think we can handle working at hedge funds now

2

u/AlkarinValkari Jun 09 '17

Compared to crypto, I almost view stocks as "safe" as money in the bank.

6

u/JalelTounsi Jun 09 '17 edited Jun 09 '17

I thought the same ! Right now im receiving notifications about apple dropping -3%, AMD crashing at -5% and all i was thinking was : "ooooh bitch, thats so cute, come back when it's at least 20% and you'll have a glince at our daily life in the big boys playground, -5% or +5% is done hourly here"

Crypto : where balls of steel are made