Topic: Some Fiat Financial advisors are such hypocrites when it comes to Bitcoin - page 3. (Read 383 times)

Maybe there could be some, specially newbies in crypto market. Bitcoin is now being covered by traditional social media like CNBC, and so if those beginners see that the host or the guest are attacking bitcoin, they might experienced some qualms about their investment. Nevertheless, they will have to experience this negative sentiments and learn how to channel it in a positive way by just laughing at in and then buying some during dips.

I remember watching a few of those shows years ago and what they are doing against bitcoin is what they would do against any competitor, if you talk to a real estate agent about their opinion of stocks they will tell you they are too risky and that real estate always goes up in value, while a stock broker will say the opposite, basically they are just trying to gain a customer and nothing more, so it does not surprise they say the same about bitcoin.

FWIW this is a false statement because you aren't taking the risk into account. In early days people who saw bitcoin were faced with a very experimental currency that might not have lived to see past a birthday or two. So anybody buying it back then would have been taking a much bigger risk that anybody buying it today that bitcoin is 13 years old, has a strong network, is adopted in multiple countries as a legitimate currency and a legal tender in a country or two.
In other words calling bitcoin a "high risk investment" now is silly in my opinion.

Let me not even start with how the so-called experts at Davos are picking it apart. ==> https://fortune.com/2022/05/24/crypto-davos-kristalina-georgieva-christine-lagarde-francois-villeroy-de-galhau-sethaput-suthiwartnarueput/

The collapse of the stablecoin TerraUSD did not help Bitcoin's cause... because they are using that as "red" flag to motivate the FUD that they are spreading.

Most of those people come from the Banking system and the government, so they are anti-Bitcoin from the start... they have to protect the hand that feeds them and they have to have control over the "money" that people use. 

We are used already to these kind of people. Even the guys who already are into BTC, them who already bought BTC and encourage people to buy BTC still have some bad motive to BTC like Kevin Oleary who seem to have branded Green Bitcoin is good and if mined using the coal or fossil fuel its a Bad Bitcoin because it wasted energy. If the likes of him does bad mouth BTC, all the more to those fiat guys.

Terrible idea that they wanna tag BTC that is being mined from China. This is what the Davos guys are framing.

Well, this is not a surprise. Even within the same industry like Banking or Telecom, people of a particular institution will tell you their institute is better than the other because they want you to invest in theirs even while they are all providing the same or similar service. At the end of the day, whatever these guys say might not have any further negative effect on Bitcoin cos investors understands more and we don't expect them to praise Bitcoin in the first place.    

I do not think members of the forum would be much bothered about such talk shows or rants, neither are they the target audience. Such naysayers usually target individuals who are not savvy on Bitcoin and who have become so into the traditional system and playing it extremely safe (even though that poses risks).

And I'm not too bothered about such talks; I have a weird opinion that it might actually be good for those who listen to it; If one would blindly believe a TV guest without doing their own research then maybe they should not be into Bitcoin at all, as they would sell out at the slightest bear threat and blame whoever may have introduced them to it for their ruin.

It has been a while now that I have been watching (FIAT) financial advisors on television being guests on talk shows or Breakfast shows talking down at Bitcoin, whenever they get a chance. This morning another so-called financial expert was invited to a breakfast show and he smashed Bitcoin as an investment option.

Now let's get behind the real reason for this :

1. Those so-called financial advisors (brokers) gets paid a fee to manage other people's money. Why would they promote Bitcoin investment, if people do not need them to trade Bitcoin?

2. They get commission on the financial products that are being sold to their customers. (They get nothing if you buy your own BTC)

3. People do not need "expert" knowledge to invest in Bitcoin. You go to computer... navigate to a local Crypto exchange... open an account online and link the account to your Bank account. Then you wait for the price to drop and you buy some bitcoins.  

4. They are also butt hurt, because Crypto currencies are not regulated to protect them.

5. The percentage that you invest in Bitcoin or Crypto currencies..are not available for them to invest in their investment options.

So, next time when you see those financial advisors on TV bad mouthing Bitcoin, think of the things I mentioned above.

A balanced portfolio should have a mix between "low" / "medium" / "high" risk investments.... and Bitcoin will fall within the "High" risk investment category .... so do not tell people to avoid it, because you cannot make money from them making their own investments.  

https://cointelegraph.com/news/at-8-990-000-gains-bitcoin-dwarfs-all-other-investments-this-decade

“It’s the best-performing asset of the last decade for sure,” said Daniel Polotsky, CEO of CoinFlip, one of the largest bitcoin ATM companies in the U.S.

Say you got into the game when a bitcoin was 10 cents, around October 2010. If you invested $100, you’d have been able to buy about 1,000 bitcoins. <=== $29 610 000 worth at today's value. What will you say in 12 years from now?