I read this on Forbes today... - page 2.

DAVETUN

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Bitcoin is the currency of this age

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

Journalist/ the media are simply doing there job, most do not understand how the cryptocurrency space work also they prefer to release negative news which will most likely draw crowd to there site.

Mei1418

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I think so, bitcoin will certainly still exist, the developers will definitely work hard for bitcoin to keep it there because the crypto world is a very unusual discovery

deepcryptomine

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I think it is necessary to add a disclaimer like that to warn people. If you put up in a news that you can make 10x your initial investment, I bet there would be more than few people that would put their life saving in it or take out a huge loan for a profit. You will see this kinda disclaimer in many type of investments like stocks or options or commodity etc.

gbale

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Activity: 120

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it's just a definite speculation for their personal self.
what is important in investing is how to understand carefully where people will do it and have a good strategy for it.
when it comes to risk, it's not a problem in business because everybody's doing will have a risk.

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Quote from: jhean_arcane on April 13, 2018, 03:15:15 PM

Quote from: wwzsocki on April 13, 2018, 03:02:31 PM

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

This is just a simple disclaimer which they simply have to add when talking about high-risk investments. I personally think this is very good that they warn people about this. I will even repeat: "never invest more than you can afford to lose". Don't count on 10x, prepare for bad scenario, I would say. Remember 90% of traders lose their money.

I will always remember this. Thanks for putting this in a brighter perspective. Most people have an unrealistic expectation with cryptocurrency, which either puts people being afraid or too optimistic about it. When financial advisers tell you the dark side of investments, that is to warn people about the risks. I personally don't like things that are too good to be true because most often, they are scams.

I hope that for the newbies, they will realize that ALL investments are a gamble.

"never invest more than you can afford to lose"

I think this is really important to point this out that Bitcoin is highly speculative and very risky investments. Like you said this is not good if you are excited and see only positives. For me, you are blind and not investing only gambling based only on FOMO or Hyip.

Remember that most of the money is made by people who invested in Bitcoin before 2017 or earlier. Majority of people joined Bitcoin revolution when there was news every day in media about another ATH and this all started on a massive scale when Bitcoin hit 10.000$ price mark. That was the first time when I heard on my local radio that Bitcoin is a great investment opportunity.

Known investors are saying that when you hear on the local radio about your investment this is the best time to sell. 2 months later BTC was 25K and the bubble bursted.

BCTBF

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Activity: 560

Merit: 257

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

I've often heard it in the media in my country, I just think if you want to invest it must have a strong readiness to loss, because not all investments can be profitable. Be careful.

mammothine

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Did you expect better from them?

lionheart78

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Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

I dont think journalist are too stupd to make such comments with out a basis or valid reason. They’d may seen or known some who’ve invested in bitcoin and made a wrong move with their investments and they’ve lost.

keycellko

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Merit: 102

Well, the news sites now are really unreliable. We'll never know if its true or just a fabricated story. Basically, all we have left for ourselves is to rely on our gut and hope it aint true. Oh well,we were already told in the beginning, invest only what you are willing to lose, so basically this makes a little bit of sense

ldah94

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In my opinion, not everything is extreme, at the time of investing we must be aware that it is a risk that must be assumed and therefore be prepared in the profits as in the losses, the cryptocurrency market is very volatile, so we must educate ourselves before investing and not selling without having at least recovered the investment.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: alyssa85 on April 13, 2018, 08:38:16 AM

Nothing is wrong with journalists. They are simply aware that they arn't licenced financial advisors and they need the disclaimer in case they get sued.

I think the case here is because they are scared of the reprimand of the government and not necessarily because they believe that someone will lose 100% of their investment.

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that?

he should say that there is risk of losing money, as in any investment, but it is not correct to tell people that they will lose all money because it is speculative and not regulated.

with that phrase he is putting all the cryptos in the same pot, which is wrong.

darkangel11

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Don't let others control your BTC -> self custody

Most of you doesn't seem to get the eccentric sarcasm of our OP. He's trolling your bullish attitude. OP is a perfect example of that permabear that got burned once and got out, but the price kept growing and people around him were happy because their investments grew while he became more and more bitter. Now what you're seeing is a permabear that won't buy at all, ever again, even if he keeps experiencing 500% gains per year on BTC.

mu_enrico

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Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

Well sir, the majority of them I think is an "old school" journalist. Just like "old school" economists, they think bitcoin don't have fundamental value.
https://www.sciencedirect.com/science/article/pii/S0165176515000890

But ofcourse we disagree with them.
Education is needed

Xavofat

hero member

Activity: 938

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Did you see that ludicrous display last night?

It doesn't have a devastating negative impact to gain ten times your original investment, but losing the majority of your investment (which would have occurred if you bought in at December, for example), could be a serious problem if you're low on money.

It's the same warning that investment related services are legally obligated to give - capital at risk - but it's a warning for a more naive and amateur group of investors than many stock market investors, so if anything it's more important to repeat.

It's hardly FUD, it just slightly dulls the blow of people losing their houses or going into debt from buying too much BTC.

beskid

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Trade in and investment in crypto-currencies can bring a high return on investment. But when there is high volatility in the market, there is a stir in the press, and everyone is trying to give you advice when and what to buy, you should be extremely cautious. Crypto currency is a new market. It requires special knowledge that the inexperienced investor does not have. Rapid growth has generated volatility. Although crypto-currencies appear to be an attractive investment, any new phenomenon is unstable, and this must be taken into account. Therefore, a potential crypto-currency investor should evaluate the ratio of profit potential and risks in order to make the right choice.

jhean_arcane

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Quote from: wwzsocki on April 13, 2018, 03:02:31 PM

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

This is just a simple disclaimer which they simply have to add when talking about high-risk investments. I personally think this is very good that they warn people about this. I will even repeat: "never invest more than you can afford to lose". Don't count on 10x, prepare for bad scenario, I would say. Remember 90% of traders lose their money.

I will always remember this. Thanks for putting this in a brighter perspective. Most people have an unrealistic expectation with cryptocurrency, which either puts people being afraid or too optimistic about it. When financial advisers tell you the dark side of investments, that is to warn people about the risks. I personally don't like things that are too good to be true because most often, they are scams.

I hope that for the newbies, they will realize that ALL investments are a gamble.

"never invest more than you can afford to lose"

SolutionBase

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Activity: 33

Merit: 2

I think you misread their intent a little bit. For any wildly speculative investment (I mean, lets be honest, as great as bitcoin is, its prone to very dramatic moves - both positive and negative) its important to couch to investors that "Hey, this isn't a sure bet. You need to be emotionally prepared that you could lose big time." This is especially true for people who really haven't done their homework and don't know anything about crypto, but have simply heard "wow, bitcoin is going up like crazy". The basic idea when investing in anything, I think, is that a person should be emotionally/financially prepared that yes, they could lose everything, and not to invest in a way that, if any particular investment went south, it woulnd't ruin you.

lukmandog

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those people used to live under regulations. they don't aware how to be decentralized. or they are the victims that become the reason for social media ban crypro currencies advertisements.

wwzsocki

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First 100% Liquid Stablecoin Backed by Gold

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

This is just a simple disclaimer which they simply have to add when talking about high-risk investments. I personally think this is very good that they warn people about this. I will even repeat: "never invest more than you can afford to lose". Don't count on 10x, prepare for bad scenario, I would say. Remember 90% of traders lose their money.

Nerkata

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Activity: 75

Merit: 2

Quote from: RawDog on April 13, 2018, 08:14:57 AM

Quote

Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

How fucking stupid is that? Anyone investing in crypto should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?

Actually with most coins it is far more likely to lose your entire investment than gaining 10x. Most projects are in their infancy and without any working product. Startups have a very high failure rate.

Topic: I read this on Forbes today... - page 2. (Read 424 times)