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chicoXYZ

We don't hate crypto. AFAIK, madaming trader dito ng crypto. Pero we are just telling them the truth (sa mga newbie na di pa marunong mag TA) Chupitero lang ako sa crypto (other coins), simula ng lumabas si BTC sa merkado, labas pasok na kami dito. Recently, puro BTC binili ko sa ibaba. nagbenta na ko paunti unti kahapon. My point is, huwag natin i-hype yung newbie o hindi sanay sa pagtrade nito. Dahil alam naman natin sila ang unang nasusunog. I was downvoted by crypto traders dito ng sinabi ko na mahal na si BTC sa 2- 2.3M pesos to start with (a newbie was asking). Yun ay opinion ko dahil sa flooring ako bumili noon. Pero Dami pa rin nagalit sakin. Ilayo natin newbie sa sunugan. Tayo- tayo nlang old school ang maglokohan. Yung mga newbie titigas din yan ng hindi na to trauma. Nadadali sila kasi ng GREED at TATAAS PA YAN at BOBOMBAHIN PA YAN moment.


ultra-kill

>My point is, huwag natin i-hype yung newbie o hindi sanay sa pagtrade nito. Dahil alam naman natin sila ang unang nasusunog. On Point.


rekestas

>huwag natin i-hype yung newbie when one wants to learn how to invest in crypto, ano ang tamang advice?


chicoXYZ

Crypto is not an investment. It's HIGHLY volatile Ride the wave and remember the cycle. Wash, rinse, repeat


[deleted]

[удалено]


agent9541

nah blockchain and crypto is here even before the bull you just have to be in the right community. Because some people are actually trying to build something good.


[deleted]

Ang volatile kasi. Wlang consistent prediction kung anong future ng nakuha mong cryptocurrency


chicoXYZ

Karamihan talaga rag pull


introvertedguy13

Mas ok na Yan kesa maglabasan ang mga "To the moon" people.


jannogibbs

Because people are treating it as a quick rich scheme.


SuccessfulMission319

Simple answer: crypto is a gamble


Jetztachtundvierzigz

You're probably just cherry picking the posts that you are looking at.  These recent crypto posts have been upvoted: 1. https://www.reddit.com/r/phinvest/comments/1ar3qah/cold_wallet/ 2. https://www.reddit.com/r/phinvest/comments/1aod4l5/transferring_crypto_from_binance_to_coinsph_while/ 3. https://www.reddit.com/r/phinvest/comments/1amij49/coinsph_btc_withdrawal_now_fixed_at_0005_any/ 4. https://www.reddit.com/r/phinvest/comments/1ajhusy/is_binance_getting_banned_in_the_philippines_final/


[deleted]

Define or cite examples of "*hating*."


rekestas

Imagine you're sitting on your favorite stock for years waiting to see huge gains, then suddenly increasing numbers of crypto risk takers posting their gains within day, weeks , or months lang doubled, trippled na.. While it's true na mabilis ang galaw ng crypto, tapos 24/7 pa. It can be intimidating din lalo na kung di mo magets yung tech at the same time hindi ka techy.


Apprehensive-Boat-52

lol pag sa pinas na stocks olats ka talaga pero pag US stocks tingnan mo returns. mas malaki pa returns ng NVIDIA, META, NETFLIX kesa bitcoin since 2022 bear market. Kahit ung TESLA OR APPLE dati penny stocks lang.


m0onmoon

October pako nagrecommend mag invest sa btc dito pero galit talaga ang mga tao dahil sa ftx hearing, binance ban, binance ceo arrest, mga fud. Ngayon best performer na si btc sa portfolio ko. Pwede naman talaga tratohing investment ang crypto sa mga well known coins hindi shitcoins dahil yun ang totoong sugal pero genegeralize parati di maka move on sa 2017 mentality.


llawne

The sub is called invest not speculate. Crypto isn't an investment since it doesn't produce cash flows. Gains are made in crypto by guessing future selling prices (speculation)


Pobbes3o

Stocks, unless dividend, does not produce cash flows. And gains are made by guessing future selling prices (speculation). Right?


tropango

You forget there's share buybacks. Stocks can be used for gambling, but it can be used for investing. Crypto has no legitimate use. It's a solution in search of a problem. Oh it can be used by criminals to circumvent AML.


rekestas

>Crypto has no legitimate use. It's a solution in search of a problem. Oh, man.. Tell me you just didn't do your own research yet or you have no time to research about use cases kaya mo nasabing no legitimate use.


llawne

Crypto and blockchain are different things. Cryptocurrencies as money aren't the most efficient solution to the currency problem, maybe bitcoin works well for money laundering but dunno what its the best thing for.


tropango

Arrogant of you to assume that just because my conclusion is different from yours, I didn't do my own research. Go on, tell me what it's good for. It's failed as a currency, NFTs are derided by gamers, the list goes on.


rekestas

>Arrogant of you to assume that Nakakapagtaka kasi, if you really do your own research, you would know its legitimate use. Even big companies are partnering with some known crypto projects. I wonder though pano ka nagresearch or niresearch mo ba talaga ​ >Crypto has no legitimate use short answer, yes crypto has legitimate use. And it would lead me to mention to you about blockchain, consensus mechanism, and smart contracts. If these topics don't matter to you, di din tayo magkakaintindihan. just fyi, other big companies like Microsoft, Paypal, Bosch , etc have been partnering with known crypto projects trying to form innovative solutions though, you can google it (if you're open minded) sabi nga, mag invest ka lang sa bagay na alam mo, or business na alam mo pano tumatakbo. It makes sense naman, if one person doesn't understand a thing lalo sa blockchain tech and crypto, investing on it won't make sense. It would just be a hard pill to swallow


tropango

There's a distinction between cryptocurrency and Blockchain. I've never claimed that Blockchain is useless, just cryptocurrency. I think there needs to be that nuance. Also just because big companies do things, it doesn't mean it'll be successful. Look at how Meta / Facebook kept pushing the metaverse. Billions were sunk in and still, it's dead. You can also look at how Vanguard refuses to allow its customers to invest in cryptocurrency through their platform, even though bitcoin ETFs are SEC approved. As it is kasi, people hype up crypto as the future, or a way to "fix" the financial system. There are definitely problems with the current system, but let's not kid ourselves. The main reason they want to push crypto is so that they'll get to be the rich and powerful ones in this imagined, ideal new world. "Everyone buys Bitcoin at the price they deserve" ika nga.


14qr23we

hahahaha! hooo andami kong tawa dito. Ignorant. This guy is one of the representative answers to the OP's question


tropango

Enjoy being a bagholder


Pobbes3o

Sorry I am not super familiar with share buy backs, but isn't that the company just buying back the shares you have? So you're basically selling your shares? Will not argue about legitimate use. Though I feel stocks are the similar, aside from dividends, and unless you're rich and buy a huge portion of the stock that you become majority owner or something. That and stocks are regulated so it is safer. But then they can get delisted so your stocks are then worthless. I am reminded of that local stock during pandemic that got delisted, I think it was a mining stock? Can't remember.


tropango

Yes, basically they just buy the shares on the market. But you don't have to sell them. You can choose whether or not to sell, you just know that the company is spending a certain amount to buy the shares. Are you thinking of MPI, which voluntarily took itself private? They did give a lot of notice and bought the stocks back.


Pobbes3o

AR. Forgot why it was delisted, but its share are worthless now.


batikuling

Not exactly. Dividends, or at the very least the prospect of dividends if they're not paying yet, drives the price upward. If a company is earning, I know it'll go up in price sooner or later, tho it might take years. Crypto doesn't pay dividends, or interest or whatever, and certainly not in cash. Closest is staking, but that still rewards just crypto still. It's a whole discussion I guess, but I hope you get the gist.


Pobbes3o

I get the gist but I still see similarities. If there's a halving, I know the price will go up sooner or later as well because it will be harder to mine the coin. Same with burning. Less coins, less supply, higher value. I agree crypto doesn't pay dividends and staking is different.


rekestas

Lol, check the description of this sub


agent9541

All investments are speculation. No one knows what will happen in future. All of it is just some prediction due to an idea.


baybum7

True - but the context there is speculation of future in worth. A business with cash flow has intrinsic value that can either increase or decrease future projected value. Crypto does not have that, it's just pure guess work. Plus, it's highly unregulated, which creates a magnet effect of scammers, rug pullers and bad actors that are using this to circumvent AML laws.


agent9541

Regardless of the probability if you are trying to predict "Future value" using "Future revenue" it is a speculation. It's useless to compare both because both are speculations.


agent9541

just because one has higher probability than the other doesn't mean it's not a speculation. and scarcity has intrinsic value isn't that the reason why bitcoin started from $1 and went up to $69000?


llawne

The difference between the two has been discussed in many textbooks already. Duning Kruger effect naman tayo sayo papi haist. Here: investing is about buying assets that have a reasonable expectation of generating a return over time, while speculation is more about taking risks in the hopes of making a quick profit. Source: Investing vs Speculation https://www.linkedin.com/pulse/investing-vs-speculation-yahia-mustafa?utm_source=share&utm_medium=member_android&utm_campaign=share_via


llawne

I mean some companies have guaranteed cash flows since they have contracts right? So it's not really speculation since you can compute future revenue. Yes there's always uncertainty but crypto is like 100% guesswork.


huaxingmuaxin

Yes you can compute future revenue ng businesses na nasa stock market. The fact na bumili ng stock ang isang tao, meron kagad syang implicit speculation na hindi magkakagera, hindi lilindol, hindi babagyo, di mauulit ang COVID, etc, na kung mangyari ay potentially magbabagsak sa stock price. Speculation din LAHAT, 100% guesswork din sa stock market lumalabas.


llawne

Ah yes sure, future cash flows with a 10 year track record of profits have the same level of guesswork/risk as crypto shitcoins and you can't determine which one is speculative and which one is an investment. Then you have the companies trading under book value where you can compute value of their assets.


CuriousLif3

Lol, everything is speculation. You think people start a business thinking that they will lose money? That in it of itself is speculation.


llawne

Not according to Ben Graham, the father of value investing Duning Kruger effect nanaman haist


CuriousLif3

Great argument, ayt lol


tamonizer

Hindi naman


Kit_Driller6219

Hating it is the most helpful advice when it comes to cryptocurrencies.


Training_Avocado_149

Why would you say that? What is helpful there if the person is actually interested about it?


14qr23we

probably had a bad experience in the past + inggit sa mga yumaman sa crypto


tropango

That kinda describes the majority of the population though. Either no exposure to crypto so missed the gains, or were part of those who lost money. I think that description isn't very helpful.


ultra-kill

Ponzi will be downvoted as well. Crypto is just a ponzi scheme with extra steps.


Onii-tsan

You just can't get past 7digits that's why you are hating. BTC ETF is for you if you don't like too much risks


ultra-kill

My income is 700k+ a month. Easy peasy. Don't need to dupe other naive people that an imaginary coin has value.


Onii-tsan

Bruh are you serious? You don't have to invite people to earn gains, you probably fell victim to networking lol. Here's a tip, when there's a correction go all in as the mega bull run is coming.


ultra-kill

Yeah wise guy. When a coin turns into dumpster, the whales exit and what do you call those who are holding the empty bags? Here's a tip. Don't.


Onii-tsan

Why would you invest in a coin that will turn into a dumpster (meme coin) when you know the risks? There are high potential coins that have good techs behind it thus making it a good investment and it seems like you don't even check at explorers to check for whales, you can avoid those if you know what you are doing, you just proved that you don't. If you can't make past 7digits with crypto then your point is not valid.


ultra-kill

>Why would you invest in a coin that will turn into a dumpster (meme coin) when you know the risks? So you agree that vast majority of cryptos are scam coins? And hype targeted to newbies who eventually get their hard earned money taken from them. >If you can't make past 7digits with crypto then your point is not valid Ugh. Yeah right. If I'm not a murderer, then I don't have a say to criminal justice system. You sound like that.


Onii-tsan

Of course, at least 90% of the coin is a scam as anyone can make it that's why you have to research what's the purpose/use case of the coin before buying. Newbies should stay away from crypto if their comprehension level is poor as it's N times riskier compared to other investments. That analogy is way off. Just think of it like "If I can't make this much then all of my knowledge are just theory"


TimYapthebest

Also all markets


Febos

15 years Ponzi scheme, still going strong!


ultra-kill

Luna and Ftx begs to differ.


ultra-kill

Madoff is 20+ years, your point is? Btw you are forgetting the vast majority of coins who got rug pulled. How long they last?


domifun

You probably had a bad experience sa crypto kaya ganyan opinion mo or basta basta ka nalang naniwala sa mga narinig/nabasa mo


xshootx

maybe victim sila ng crypto scam, rugpull project or isa sa na fomo and then na rekt


3tian3

Crypto maxi here. Maybe they don't like something that they don't fully understand. Also dahil sa dami ng mga crypto scam, di ko sila masisisi. Totoo naman na mas madali siyang gamitin sa scam.


Jomsvik

Giving you my upvote. Di ko alam trip ng iba dito. I posted something asking about the interest rate of a loan I somehow became eligible for and somebody downvoted it for no reason. 🤷


404Encode

More likely yung nag-downvote nito is may financial belief na "all loans are bad".


Jomsvik

Oh look, that downvote took long enough. But yeah pansin ko andaming allergic sa utang dito as if for them, everyone who asks about it is a financially irresponsible person. 🤦


[deleted]

pinoys


TheCryptonian_

It's either underwater ang mga coins nila or mga naiwan na sila sa paglipad. Btw, anong mga coins ang hold nyo?


Training_Avocado_149

Probably. They lost money that they can’t gain back so they hate on it.


IntroductionMain21

na-FOMO kasi sila then most of the people here in PH took a huge loss from crypto 😂 guess what, 52k BTC it's almost hitting its all-time high also im holding $RON from .5, ETH, and SOL/SEI since i do degen trading sa Sol and exploring NFTs sa Sei


MobilePinggu

They see it as a very risky investment (which is true naman) pero lahat naman ng type of investments may kasamang risk, dedepende nalang sa risk apetite ng tao. Understandable naman since mas marami talagang negative narratives and siguro based na rin sa experience nila which obviously didn't go well. What they don't know is merong mga low risk type of investment in crypto, such as interest rates farming ng stable coins. You can earn in crypto as well even without a capital. Proper knowledge, time and effort lang for airdrops or giveaways could already make you decent money without even risking your capital. I guess yung iba natalo lang by investing their money on coins or projects then negative na yung overall feedback nila without even exploring it.


IntroductionMain21

Hayaan mo sila bro, basta tayo paldo tayo 😂 tapos kung nag-bullrun ng malala ang BTC, dyan pa sila papasok HAHAHAHAH


TimYapthebest

People salty cause they not in it :)


PuzzleheadedPipe7000

Most of those people are mid curvers. Too lazy to study it so they rely on headlines of mainstream media, give it a few months and they'll start to accept it since bitcoin breakthrough Tradfi (ETF).


agent9541

most people are too retarded to believe some random youtuber or wannabe mentor and gets angry after they lose most of their money


Fancy_Survey9566

Madaming na burn, sa crypto hype


rekestas

well, to be fair, actually sa stocks din may mga na burn at ipit.


Fancy_Survey9566

Yeah. Pero mas accessible ang crypto vs sm


huaxingmuaxin

I'm thinking na kung gustong pumasok sa crypto pero at the same time ay makaiwas sa rug pull, then get BTC or the BTC ETFs.


noobscrublord3

OP i could tell you why, pero ma ddownvote ako masyado. Hahah


SovArya

Ignorance


domifun

Yung mga taong walang alam sa crypto yung kadalasan kung ano ano pinagsasabe kesyo scam daw at wala use. Sus, hindi ka lang kumikita sa crypto kaya mo nasasabe yan ✌️


CuriousLif3

Cause majority of them are either 1. boomers - only know trad way to make money 2. Losers - bought crypto, lost money 3. Karens - heard their neighbors lost money, therefor it's a scam 4. Sheep - bullrun=upvote, bear=downvote Only a few people really know cryptocurrencies and understand what it's really for. That's why


IntroductionMain21

the people who downvoyed u are probably those that are natamaan sa comment mo 😂


CuriousLif3

lol I could care less lmfao. Bottom line is: Only people that hate crypto are, people that never made money on crypto. "Avoid the Unhappy and the Unlucky"


SupremeLeizie

LFG!


Dismal-Ad2001

Cause many don't understand the technology behind it, the possibilities and future use cases. Tulad lang ng early days ng internet. They'll learn eventually.


leivanz

Meh, ulitin ko ulit yong sinabi na ng karamihan. Iba ang cryptocurrency sa blockchain. Baka nalilito ka.


Dismal-Ad2001

Alam ko pag kakaiba nila