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Topic: Stupid as fuck - disclaimers (Read 209 times)

hieuho381

full member

Activity: 504

Merit: 105

Quote from: RawDog on April 20, 2018, 05:17:51 AM

This very stupid Forbes guy thinks he needs to put this disclaimer in his article.
https://www.forbes.com/sites/cbovaird/2018/04/19/bitcoin-cash-approaches-1000-ahead-of-hard-fork/#7c5a17d42aeb

Quote

Ed note: 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.

1) Investing in crypto is not speculative. Speculative investing in crypto is speculative. Many forms of non-speculative investing in crypto are possible.
2) The market is not 'unregulated'. Markets are not regulated by government regulators - crypto is highly regulated by math and cryptography. Just buy Bitcoin and algorithms will fully regulate your position.
3) Nobody who invested in Bitcoin lost their entire investment. Bitcoin was always worth something since the very first block. Bitcoin price has never been zero.

That's right, I think the author of this article is someone who hates bitcoin. I think the main reason that he hates bitcoin is that it is exploited to carry out illegal transactions of dangerous criminals in the world.
But his point of view is totally wrong. The Crypto market is a fairly large market and is strictly controlled. Very profitable investments. The things he says are in stark contrast to the truth.

stompix

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Blackjack.fun

Quote from: RawDog on April 20, 2018, 05:17:51 AM

This very stupid Forbes guy thinks he needs to put this disclaimer in his article.
https://www.forbes.com/sites/cbovaird/2018/04/19/bitcoin-cash-approaches-1000-ahead-of-hard-fork/#7c5a17d42aeb

Quote

Ed note: 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.

1) Investing in crypto is not speculative. Speculative investing in crypto is speculative. Many forms of non-speculative investing in crypto are possible.
2) The market is not 'unregulated'. Markets are not regulated by government regulators - crypto is highly regulated by math and cryptography. Just buy Bitcoin and algorithms will fully regulate your position.
3) Nobody who invested in Bitcoin lost their entire investment. Bitcoin was always worth something since the very first block. Bitcoin price has never been zero.

About point 2.
He is right about the markets, he said in the article "market is largely unregulated" he wasn't talking about bitcoin.
Most of them are unregulated, shady as f word and are involved in pump and dumps and insider trading most of the time.
But agree with the rest.

Quote from: Xester on April 20, 2018, 07:59:39 AM

That kind of article is a very misleading article. Probably the writer does not understand how the bitcoin market works and that he invested his money without even the basic knowledge. Probably he invested a huge amount of money into bitcoin when the value was high and now that the value crashed he suffered huge losses. Now, he expressed his failure through writing saying that bitcoin is a very dangerous investment.

And from his point of view and from the point of view of those that invested aboce this value it still is.
I'm puzzled how the opinion always changes on this board depending on who is involved in the op.

If it's a guy that has invested a few hundred bucks in BTC and he is concerned about his money, everybody will start saying: "Don't invest more than you can afford to lose!!!".
If it's a paper or analyst telling poeple the same advice everybody goes nuts, screw him!!!, he doesn't know a thing!! He is spreading FUD!!!Grab the bitforks, or the pitchcoins!!!!

Xester

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Activity: 994

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That kind of article is a very misleading article. Probably the writer does not understand how the bitcoin market works and that he invested his money without even the basic knowledge. Probably he invested a huge amount of money into bitcoin when the value was high and now that the value crashed he suffered huge losses. Now, he expressed his failure through writing saying that bitcoin is a very dangerous investment.

darkangel11

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

When I see rawdog writing like he's trying to defend BTC I smell a wind-up. Roll Eyes

Roll Eyes

Disclaimers are there to avoid liability. He doesn't want to get hate mail because somebody acted on his article and lost money. People are stupid as fuck and they don't think. THey read an article about something going up in value and their pupils turn into dollar signs. I thought a smart guy like you, OP, would know that.

mk4

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📟 t3rminal.xyz

I'm fine with news articles putting up disclaimers that somewhat warn people about bitcoin or cryptocurrencies volatility, but saying that the people "should be prepared to loe their entire investment" is too farfetched and a huge over-exaggeration in my opinion.

ladydark

hero member

Activity: 686

Merit: 500

All the three are very valid points.Bitcoin is far better than fiat currency to show our ownership.Bitcoin has never and ever disappointed its investors as we could see it's price to have continuously increased from its initial stage.Its only newbies who would have faced some losses due to panic selling.

flag39

full member

Activity: 364

Merit: 101

Quote from: RawDog on April 20, 2018, 05:17:51 AM

This very stupid Forbes guy thinks he needs to put this disclaimer in his article.
https://www.forbes.com/sites/cbovaird/2018/04/19/bitcoin-cash-approaches-1000-ahead-of-hard-fork/#7c5a17d42aeb

Quote

Ed note: 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.

1) Investing in crypto is not speculative. Speculative investing in crypto is speculative. Many forms of non-speculative investing in crypto are possible.
2) The market is not 'unregulated'. Markets are not regulated by government regulators - crypto is highly regulated by math and cryptography. Just buy Bitcoin and algorithms will fully regulate your position.
3) Nobody who invested in Bitcoin lost their entire investment. Bitcoin was always worth something since the very first block. Bitcoin price has never been zero.

I completely agree with your three points.
I think this guy knows who is he talking to and it is not people who have some experience on this technology and can understand it.
He is talking to people who have money but not able to understand how cryptos work, so they don't invest.
I have tried unsuccessfully to convince people with money to invest a tiny tiny fraction of their For Investment Portfolio, so I believe this warnings make their intention effect.

RawDog

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This very stupid Forbes guy thinks he needs to put this disclaimer in his article.
https://www.forbes.com/sites/cbovaird/2018/04/19/bitcoin-cash-approaches-1000-ahead-of-hard-fork/#7c5a17d42aeb

Quote

Ed note: 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.

1) Investing in crypto is not speculative. Speculative investing in crypto is speculative. Many forms of non-speculative investing in crypto are possible.
2) The market is not 'unregulated'. Markets are not regulated by government regulators - crypto is highly regulated by math and cryptography. Just buy Bitcoin and algorithms will fully regulate your position.
3) Nobody who invested in Bitcoin lost their entire investment. Bitcoin was always worth something since the very first block. Bitcoin price has never been zero.

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