Stocks vs Cryptocurrency by https://padlet.com/pp2899437731/sb3ljyxw0qxf By Pratik Patel en-us 2019-11-20 04:02:33 UTC 2026-01-27 12:55:56 UTC hello@padlet.com Welcome pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422464 Hello,
Today’s topic is Stocks vs cryptocurrency. Stock is a share in a company that allows the investor to own a part of a company. Cryptocurrency is the digital/virtual currency that is used online and eliminates the need for financial intermediaries. So, we will discuss which one is a better investment to make. Is it in stocks or cryptocurrency? Since cryptocurrency recently started, the market for cryptocurrency is profitable. The removal of financial intermediaries reduces costs which makes people use cryptocurrency more, making it a more profitable investment industry which makes me go for the cryptocurrency instead of stocks.

]]> 2019-11-25 22:46:42 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422464 Website #1 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422881 This website talks about bitcoin as it an example of a cryptocurrency that is may replace the physical monetary system. It also talks about the fall and rise of bitcoin’s value. Parul Gujral who is the CEO of Snowball says investing in cryptocurrency is the best way of investing and should also invest in a pool of cryptocurrencies that are managed by professionals.

I chose this website mainly because it talks about the history of cryptocurrency like bitcoin and teaches someone how to invest properly in order to achieve success. It is also sharing insights about cryptocurrency from CEOs like Parul Gujral (CEO of Snowball), Gordy Bal (CEO of Conscious Thought Revolution).

]]> 2019-11-25 22:48:26 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422881 Website #2 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422893 The website shows the top 12 cryptocurrencies that can be invested in the long term to get a high rate of return from those investments. Bitcoin is number one on the list and it started in the year 2009. Bitcoin is the largest cryptocurrency and is the best for long-term investing.

I chose this website because the only cryptocurrency I knew was bitcoin and this website shows there more cryptocurrencies to invest in for long-term investing. The fact that there are more cryptocurrencies to invest in, I can diversify my portfolio in investing in other cryptocurrencies like Ethereum, Binance Coin, Stellar and Ripple.

]]> 2019-11-25 22:48:30 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422893 Website #3 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422914 Many people do not know how to invest in stocks and this website helps them with the basics of investing in stocks which is very important to know before buying the first stock.

This website has books that a beginner can refer to before real-life investing like The Intelligent Investor, Security Analysis and Margin of Safety. I am currently reading The Intelligent Investor by Benjamin Graham and it is a good book for beginners. This website helps in explaining the terms used in investing in stocks which are important to know before investing like common stocks, preferred stocks, and security.   

]]> 2019-11-25 22:48:34 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422914 Website #4 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422934 Bitcoin is one of the best long-term investment and it gives a high rate of returns on investments. Bitcoin is in the bullish market which means that the price of Bitcoin keeps on rising therefore high returns. Bitcoin is helping people in other countries with their monetary policy like Venezuela where they have hyperinflation and India which has a cash problem and they want to go cashless which makes bitcoin a potential market for future investments as demand increases.

I chose this website because it shows the advantages of investing in bitcoin overstocks and it talks about the problems with monetary policies in countries like India and Venezuela.

]]> 2019-11-25 22:48:38 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416422934 Video #1 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426607 Cryptocurrencies are not controlled by any financial institutions like banks. Transaction Records made by using bitcoin is stored in a block chain ledger and there are miners who keep track of these records. Bitcoin is high encrypted to prevent people from reusing bitcoins after they are already have used. Bitcoin has potential growth and success in third world countries like Zimbabwe, Venezuela due to their political instability. Bitcoin provides many benefits like privacy, low processing fees and fraud prevention to its users.

I chose this video because it explained how cryptocurrency works and how they can remove financial intermediaries from the process.

]]> 2019-11-25 23:03:18 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426607 Video #2 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426650 This is a documentary about bitcoin called Banking on Bitcoin. It talks about how Satoshi Nakamoto the developer of Bitcoin did not like the how the banks charge a lot of fees and so he created Bitcoin that does not charge a single penny to its users. It started in January 3rd ,2019. After the when Bitcoin become profitable, police started investigating bitcoin and found out that you could buy any illegal item with bitcoins like weapons, weed and drugs. Later Charlie Shrem (CEO of Bit Instant) was arrested because he was associated with money laundering.

I chose this video because it was a highly rated documentary and had history of bitcoin.

]]> 2019-11-25 23:03:25 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426650 Video #3 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426681 In this video, Phil talks about Bitcoin not being a good investment. His reasons are cryptocurrencies are difficult to understand and therefore making them risky investment and the crypto market is fresh in the market, so it is hard to predict the returns. 

I did not know many disadvantages of investing in bitcoin and so this video talks about the disadvantages. One of the disadvantages I knew was that the financial intermediaries are stopping bitcoin from dominating the financial markets and this makes the cryptocurrency a volatile market. He also advises on how to tackle those disadvantages of investing in cryptocurrency.

]]> 2019-11-25 23:03:32 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426681 Video #4 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426712 The video talks about basic information on investing in stocks. Buying a stock makes the owner of the stock to own a part of the company. There is something called stock split and is dividing the original stock into many equal parts which does not change the value of the stock. A company called Berkshire Hathaway does not split its stocks and that’s why the company has only 1.68 million shares as compared to 5billion shares Apple has.

I was shocked by the fact that the value of one share of Berkshire Hathaway is above $300,00 and the company is owned by my favorite investor Warren Buffet.

]]> 2019-11-25 23:03:38 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426712 Image #1 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426739 The image shows that forex and stock go flat during weekends and go up and down during weekdays. This because forex and stock market are closed on weekends and open during weekdays. Whereas the bitcoin has ups and downs during both weekdays and weekends because bitcoins operates 24/7. 

]]> 2019-11-25 23:03:46 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426739 Image #2 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426786 The image shows what one bitcoin in that respective year would buy and it is predicted that in 2020, one bitcoin will be equal to the price of a Lamborghini. This is showing the prices of bitcoin is increasing every year.

]]> 2019-11-25 23:03:53 UTC https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416426786 pp2899437731 https://padlet.com/pp2899437731/sb3ljyxw0qxf/wish/416476375 1.  What did you learn about your topic that surprised you the most?
The fact that there are more cryptocurrencies other than Bitcoin. Something new I learnt was stock splitting which is splitting the original stocks into many stocks without change in value.

 2. Provide a real-life example of how this topic is relevant or interesting for you.
A real-life example would be I am going to open up a Tax-Free Savings Account in Scotiabank but I had no idea where I should invest the money in, the options I was thinking before were mutual funds, stocks and Guaranteed Investment Certificates. But now I know where I will invest the money in and it is cryptocurrency because based on the research I made, there is potential for high gains.

 3.If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
I would tell my friend to invest in cryptocurrency and not in stocks because cryptocurrency is the future money and has a lot of potential growth which means high returns.

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