[2014-09-06] We made the wrong call on buying Bitcoins

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

WTF is Vox? It's like Slate and Medium had a bratty love child and sent it to a pretentious design school for airheads. Cheesy

Anyway, the entire premise that their readers cannot simply read the standard disclosure and parse out bias is obnoxiously patronizing.

They made the right decision initially, but got cold feet and reverted to their cowardly default position of learned helplessness.

Perspectives from BTC hloders and non-hloders are both valuable, but getting so far up your own ass about an artificial and self-imposed dilemma is such a first world problem.

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

Code:

Lee will be selling his Bitcoins,

I am guessing Lee has family members Wink

BoBo78

newbie

Activity: 3

Merit: 0

Quote from: Remember remember the 5th of November on September 06, 2014, 06:02:08 PM

From what I understand two writers from Vox bought some bitcoins, but decided that if they gain value they will write articles that promote Bitcoin and thus be more biased to write positive things.

Objectivity at its finest...

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

From what I understand two writers from Vox bought some bitcoins, but decided that if they gain value they will write articles that promote Bitcoin and thus be more biased to write positive things.

Jay Gatsby

newbie

Activity: 14

Merit: 0

10 years from now they will be living in regret.

CoinMode

sr. member

Activity: 417

Merit: 250

What did they expect? Bitcoin didn't gain 10,000% in a few months. It gained much more than that over the period of a few years. These things take time to mature.

TheTrifle

newbie

Activity: 6

Merit: 0

Quote from: cryptofan5 on September 06, 2014, 05:14:48 PM

Why wrong call? It could be right in the long run. :-)

Need to read the article but tbh its just glorified FUD...

cryptofan5

full member

Activity: 126

Merit: 100

Why wrong call? It could be right in the long run. :-)

patricktim

sr. member

Activity: 434

Merit: 250

http://www.vox.com/2014/9/5/6110897/we-made-the-wrong-call-on-buying-bitcoins

I ended up saying yes for a few reasons, and with a few conditions. First, Bitcoin is a large and liquid market that struck me as less like an individual stock and more like, well, a market unto itself. Second, the strange process of buying, holding and selling Bitcoins is, itself, part of the Bitcoin story — and it seemed to me there was value in understanding it, and even writing about it, firsthand. Third, we agreed that the value of the holdings would be capped around $2,000, so I didn't see this as an investment meant to generate personal financial gain. Fourth, we agreed that the holdings would always be clearly disclosed.

Topic: [2014-09-06] We made the wrong call on buying Bitcoins (Read 1242 times)