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Stock Market VS Cryptocurrencies 2019 - Volatility, Risk, and Profits - YouTube
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it's been a wild ride for the past few
days my portfolio has been up and down
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in the hundreds of dollars this is the
first time I've seen so much volatility
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in the stock market since 2018 which is
when I first started investing not only
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that but Bitcoin also hit eight thousand
dollars which is incredibly insane so
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what is better to invest in stocks
versus cryptocurrency welcome back to
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the channel my name is Bruce Wang I am
an investor in stocks and also
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cryptocurrency I mostly do all my
trading on their brokerage Robinhood if
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you guys want to check that out you can
use the links in the description I have
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everything in the links in the
description if you guys want to check
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out anything when it comes to my channel
so which is better to invest in
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cryptocurrency vs. stocks for the last
eight months or so I've been strictly
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investing only in stocks and prior to
investing in stocks I also invested in
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cryptocurrency my main holdings are just
a bit point and sum all coins so let's
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jump right into the portfolio so I can
show you exactly what I'm talking about
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on Monday we experienced one of the
craziest sell offs in the fee past few
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months ever since I started investing in
stocks in 2018 it's been the biggest
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sell-off that I've ever seen so
currently my rabbit portfolio is four
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thousand four hundred forty five dollars
I already invested my $100 for this week
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in my robinette challenges if you guys
are interested in the rapid challenge
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I'll link I'll link it in the card so
you guys can go check that out but but
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basically I invest $100 every single
week into my portfolio I'm up $100 on
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the day I'm very excited about that
because yesterday let's take a look at
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the week chart I was down over $100 at
one point so basically I'm back to
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break-even since I was down $100
yesterday and that just goes to show you
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that you should not panic too much when
the stock market is so volatile and if
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you don't really know what you want to
do when you see that much volatility
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most likely you should just not do
anything at all when it comes to
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investing in stocks or encrypted
currency don't let your emotions get
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involved that is a pro tip because
because when you see a crazy sell-off
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you one of your first instincts
is probably you just want to sell
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everything in your portfolio off so you
don't lose any more value of your
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portfolio but that is not a great idea
in my opinion so there's a lot of people
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coming to my channel now asking me a lot
about dividends I just want to clear
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this out really quickly for anybody to
receive a dividend they have to hold the
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stock by the ex-dividend date you can go
on to like a Nasdaq com to find out all
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that information and when it comes to my
strategy personally I'm a buy and hold
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type of investor so I'm buying these
stocks I'm gonna be holding them for a
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long time and these stocks will be
paying me dividends over that time so
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looking through my pending dividends you
can see that let's take a look at one of
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my bigger ones P SEC I hold I have 200
shares of P SEC and each month this
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stock is gonna pay me 6 cents for every
single share so that's so that's 12
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dollars for this one stock this is a
special type of stock where it actually
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pays you out monthly a more standard
stock is Starbucks this stock is gonna
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be paying me 36 cents for every share
that I have and I have five shares so
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that's one dollar and eighty cents so
everybody knows what Starbucks is this
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stock pays you dividends every so you
have to hold that stock for a decent
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amount of time for you guys to receive
any type of dividends and these
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dividends will go right into your
account after they're paid out on their
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payout date so when it comes to
cryptocurrency Bitcoin just hit $8,000 I
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think it was just yesterday so there's
been a ridiculous craze where everybody
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wants to start buying in because of FOMO
basically FOMO stands for fear of
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missing out this term basically means
that investors are fearful of missing
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out on the profits if they do not decide
to jump in on a buying Bitcoin at the
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moment if you're deciding to invest
because of FOMO that is probably the
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number one way to lose money I don't
recommend buying anything off of the
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fear of missing out this is not a good
strategy at all but you know I've had
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these feelings before I've also had
these feelings
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or in 2017 where we're in 2017 I went
through the entire cryptocurrency craze
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where Bitcoin was that I bought in
Bitcoin when I was like at $4,000 I
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wrote up the price all the way to like
18,000 to that $20,000 and it would have
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been smart of me to you know take
profits at 18,000 but I didn't take
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profits as much as I wanted to and I
also held throughout 2018 to where
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Bitcoin went all the way back down to
you know four thousand three thousand
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dollars so I've seen it all when it
comes to cryptocurrency and I feel like
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we're gonna be going through something
very similar again I'm not sure if
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Bitcoin will hit twenty thousand dollars
again but I don't think that
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cryptocurrency and Bitcoin is a great
long-term strategy just because I've
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seen that in crypto there is a lot of
scams there's a lot of pricing
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manipulation when it comes to some of
the crypto exchanges and yeah and the
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price fluctuation and volatility is just
it's just too risky for me at the moment
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I'm like you know I'm 30 I'm over 30
years old and I don't want to see this
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type of volatility when it comes to my
investments I don't want my investments
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to go up and down ten ten percent on a
get on any given day and that is why I
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don't invest in cryptocurrency anymore
but that doesn't mean that I don't still
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hold on to my cryptocurrency one thing
that I'm considering and it's probably a
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really good idea is that I'll be taking
profits whenever Bitcoin hits all these
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milestones like 8,000 9,000 10,000 I'll
probably just start to sell off some of
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my cryptocurrency holdings this is very
similar to dollar cost averaging you can
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dollar cost average your way down and
you can dollar cost average your way up
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I don't know if there is another term
for dollar cost averaging on the selling
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side but I will be taking profits
whenever I can so if there's anybody out
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there that's on the fence for wanting to
invest into Bitcoin and cryptocurrency
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in general I would say that just be very
careful if you decide to do it because
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crypto is the most of all
acet out there and you can lose a lot of
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money if you decide to invest encrypts
it right now if you're the type of
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investor that doesn't really like risk
and it's like closer to retiring or
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closer to reaching these like financial
retirement goals cryptocurrency is not
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gonna be for you so I want to show you
guys some proof that I I am also
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invested into cryptocurrency right now
I'm showing you the by Nance app and if
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you can take a look here my portfolio is
worth like over $9,000 now and if you
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guys saw this portfolio like one month
ago or two months ago this was a very
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depressing portfolio to look at it was
probably under like four or five
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thousand dollars but because of the new
price action my portfolio now is worth
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over $9,000 and like I was trying to say
about my cryptocurrency strategy I'll be
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taking profits every time
Bitcoin hits these milestones 8,000
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9,000 10,000 this is probably the
easiest way for me to make some money
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when it comes to my Bitcoin because
because honestly I've stopped trading
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when it comes to Bitcoin sense since
2018 when it comes to stocks and
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cryptocurrency things can on a
day-to-day basis things will get
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volatile you can see like one or two
percent drops in stocks and you can see
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10 percent to 20 percent drops in a
cryptocurrency and if you and if you're
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able to control your emotions and not
panic cells during that time you'll be
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able to not lose a lot of money and that
also goes for a lot of investments like
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stocks or real estate or even
cryptocurrency as well you guys do not
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want to fall into those types of
investments if that asset is above
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market value or if it's like very
overpriced just don't buy it you rather
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buy an asset on a good deal than fomo
into that asset let's answer some of the
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common questions that I get from my
youtube channel let's go with this one
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and I get a lot of questions when it
comes to Bitcoin mining cryptocurrency
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mining so I just want to set this
straight cryptocurrency and Bitcoin is
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still not profitable to mine even at
$8,000 I don't know how to make you guys
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understand that it is not worth the
it is not worth the binding mining
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equipment you have to be in a very rare
situation where this actually works out
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for you and that situation is that you
have free electricity and 99% of the
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people out there do not have free
electricity so just don't waste your
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time and don't waste your money buying
equipment to start mining Bitcoin
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because the price is going up just to
$8,000 so this last question is not
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really a question but I always get asked
about my clothes that I wear right now
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I'm not wearing a NASA shirt but
whenever I do wear my NASA shirt
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everyone's always wondering why am i
wearing it I wish that I was actually
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working for NASA but no I'm not an
astronaut or anything like that I just
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love space exploration and I just want
to show my support from them
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I bought these I bought these sweaters
from this company called far fetch NASA
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does not sponsor the channel but but if
you guys do want to sponsor the channel
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I'm open for it just let me know if you
guys are still interested in more
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content about the robert investment
challenge you guys can check out this
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video here and if you guys are
interested in m1 finance where i also do
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a lot of my dividend investing you guys
can check out that video here and if
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you've enjoyed the video don't forget to
like and subscribe to the channel i'll
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come out with three videos every week
i'll catch you guys on the next one I
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love you 3000 bye
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