The shift towards favoring cryptocurrency over stocks is being driven by novice investors — 70% of those surveyed have been trading the assets for less than a year, according to Cardify.
Most cryptocurrency investors surveyed wouldn't consider themselves experts on the digital assets, possibly because some of them are new to the game. A majority said that they only have a limited or moderate understanding of cryptocurrency, despite putting money into different coins. "It's a little scary because we've got this whole economic underbelly that's literally built on FOMO [fear of missing out]," said Foucault, adding that Cardify can see an influx of investment in cryptocurrency when there's a spike in social media mentions, such as when Elon Musk hosted NBC's "Saturday Night Live" on May 8.
Generally, financial experts would advise new investors to do their due diligence before jumping into a risky asset. "If you're seeing what's going on and you find it exciting but don't know enough about it to make a decision, continue to educate yourself," said Douglas Boneparth, certified financial planner and president of Bone Fide Wealth in New York. "Don't be discouraged; take it as an opportunity to learn more about it to see if it makes sense to you."
acorns Money not flowing into businesses is an economic disaster in the making.
acorns I know I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Randy_Jones32 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
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Japan stocks set for higher start as investors watch Apple supplier shares in AsiaThe Reserve Bank of Australia is set to release minutes from its October monetary policy meeting minutes on Tuesday morning. this is terrible news
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
GameStop mania severely tested market system, regulator saysNEW YORK (AP) — The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. Lol wat? The entire report read like the Reddit stuff that’s been easily available for 5 months publicly. What I didn’t get from the report was accountability or resolution from stopping it from happening again. Tax payers paid millions to get a Reddit form tldr. My god. 'The SEC’s staff said it doesn’t believe hedge funds were broadly affected by investments in GameStop and other meme stocks.' risk control. SOP at these places (yes, they failed in 2008, but for those failures, it takes something large and systematic, not internet memes).
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
U.S. stock futures struggle ahead of more earnings, with Tesla due after the closeU.S. stocks could struggle to follow up on Tuesday's gains, as investors watch for another big batch of results. I'm happy making good wins and cashing out massively trading with JULIE_FX_TRADER she is the best you can imagine when it comes to Crypto trading, I'm a beneficiary of her trades, I was enable to earn R30000 and now I can say she is the best. Get it intouch 👇👇 JULIE_FX_TRADER Tesla is the most overpriced stock on the market but happy for Elon .
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
GameStop mania severely tested market system, regulator saysThe U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. As GameStop's stock shot from $39 to $347 in just a week, some of the stock market's plumbing began creaking, but the report indicated the market's basic systems and operations remained sound. The surge for GameStop and other downtrodden stocks also laid bare how much power is being wielded by a new generation of smaller-pocketed and novice investors, armed with apps on their phones that make trading fun. Gme
Herkunft: YahooNews - 🏆 380. / 59 Weiterlesen »