The Motley Fool: Stay away from Bitcoin

steelboy

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Quote from: HeliKopterBen on August 12, 2013, 07:25:22 PM

Quote from: steelboy on August 11, 2013, 02:38:35 AM

Quote from: LordMeowMeow on August 10, 2013, 10:04:22 PM

Motley Fool has terrible advice and articles. Plus they want people to stay focused on the stocks they make money off, not bitcoins.

Also, the number 1 and number 2 stocks in their million dollar portfolio (Starbucks and LinkedIn) have absolutely crushed it so far in 2013 with combined returns of about 40 or 50%.

That being said they are a stocks service based on buying and holding long term and bitcoin is way outside of their comfort range. I doubt they know much at all but I am sure there are a couple of them that have bought a small amount out of interest and I imagine more than a few are keeping a close eye on things.

I would say bitcoin has absoulutely crushed it in 2013 with a gain of about 785%. Wink

Bitcoin crushes everything. Wink

HeliKopterBen

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Quote from: steelboy on August 11, 2013, 02:38:35 AM

Quote from: LordMeowMeow on August 10, 2013, 10:04:22 PM

Motley Fool has terrible advice and articles. Plus they want people to stay focused on the stocks they make money off, not bitcoins.

Also, the number 1 and number 2 stocks in their million dollar portfolio (Starbucks and LinkedIn) have absolutely crushed it so far in 2013 with combined returns of about 40 or 50%.

That being said they are a stocks service based on buying and holding long term and bitcoin is way outside of their comfort range. I doubt they know much at all but I am sure there are a couple of them that have bought a small amount out of interest and I imagine more than a few are keeping a close eye on things.

I would say bitcoin has absoulutely crushed it in 2013 with a gain of about 785%. Wink

Le Happy Merchant

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Quote from: steelboy on August 11, 2013, 02:38:35 AM

Also, the number 1 and number 2 stocks in their million dollar portfolio (Starbucks and LinkedIn) have absolutely crushed it so far in 2013 with combined returns of about 40 or 50%

To be fair, every stock I'm watching is also up 40 or 50%, in this market everyone can look like a genius.

steelboy

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Quote from: LordMeowMeow on August 10, 2013, 10:04:22 PM

Motley Fool has terrible advice and articles. Plus they want people to stay focused on the stocks they make money off, not bitcoins.

This is simply not true. There stock picking services had 3 out of the top 5 highest performing in the world.

Also, the number 1 and number 2 stocks in their million dollar portfolio (Starbucks and LinkedIn) have absolutely crushed it so far in 2013 with combined returns of about 40 or 50%.

That being said they are a stocks service based on buying and holding long term and bitcoin is way outside of their comfort range. I doubt they know much at all but I am sure there are a couple of them that have bought a small amount out of interest and I imagine more than a few are keeping a close eye on things.

cbeast

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Let's talk governance, lipstick, and pigs.

Business advice from bloggers. They are the late night infomercials of finance.

BitCoiner2012

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Quote from: ?? on ??

Quote from: BitCoiner2012 on August 10, 2013, 10:08:45 PM

Quote from: ?? on ??

Quote from: ElectricMucus on August 07, 2013, 03:04:18 AM

Quote from: ?? on ??

I speculate—this ~~'news'~~ 'opinion' will matter not one iota.

I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last.

Do you really think anything we say here on this forum has any effect on the market?

Really?

It has some result. The market is created by individuals. Individuals make decisions (sometimes) based on data they are exposed to or search for. If individuals were to come here, it is entirely plausible (and in fact, IMO, occurring all the time) they would read statements by various forum members, reputable or not and make market decisions on that, therefore having a result on the market.

No?

It is a matter of scale.

On that I would agree.

BitCoiner2012

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Quote from: ?? on ??

Quote from: ElectricMucus on August 07, 2013, 03:04:18 AM

Quote from: ?? on ??

I speculate—this ~~'news'~~ 'opinion' will matter not one iota.

I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last.

Do you really think anything we say here on this forum has any effect on the market?

Really?

It has some result. The market is created by individuals. Individuals make decisions (sometimes) based on data they are exposed to or search for. If individuals were to come here, it is entirely plausible (and in fact, IMO, occurring all the time) they would read statements by various forum members, reputable or not and make market decisions on that, therefore having a result on the market.

No?

LordMeowMeow

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Motley Fool has terrible advice and articles. Plus they want people to stay focused on the stocks they make money off, not bitcoins.

Odalv

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Quote from: HeliKopterBen on August 07, 2013, 04:08:11 PM

Yet another comparison to beanie babies. These "fools" will be the ones to buy at the top.

Bitcoin price is far from top.

HeliKopterBen

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Yet another comparison to beanie babies. These "fools" will be the ones to buy at the top.

ElectricMucus

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Marketing manager - GO MP

Quote from: ?? on ??

Quote from: ElectricMucus on August 07, 2013, 03:04:18 AM

Quote from: ?? on ??

I speculate—this ~~'news'~~ 'opinion' will matter not one iota.

I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last.

Do you really think anything we say here on this forum has any effect on the market?

Really?

No but what people say here is a reflection of their state of mind, which on the whole does affects it a lot.

pheaonix

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http://casinobitco.in/ A+ customer support

Quote from: ?? on ??

Quote from: ElectricMucus on August 07, 2013, 03:04:18 AM

Quote from: ?? on ??

I speculate—this ~~'news'~~ 'opinion' will matter not one iota.

I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last.

Do you really think anything we say here on this forum has any effect on the market?

Really?

dont worry about that vase

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: ?? on ??

I speculate—this ~~'news'~~ 'opinion' will matter not one iota.

I speculate — the smugger the commentary about the fundamentals of this bear market the longer the depression gonna last.

Wagner2014

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Quote from: ?? on ??

I speculate—this 'news' will matter not one iota.

It's an opinion, not news.

Wagner2014

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Merit: 10

Quote

This fake news article could have been a ploy to manipulate the bitcoin market. Whether it was or wasn't, it demonstrates that hype and not fundamentals have led to bitcoin's current value, and as an investor, you're gambling more with luck than with knowledge. You're also gambling on:

Making sure you have the technical knowledge to keep your bitcoin wallet, a computer file, safe and secure.
Whether the SEC and governments will crack down on the alternate currency.
The future acceptance of bitcoin as a store of value and medium of trade.
Having the returns of bitcoin outpace alternative investments.

http://www.fool.com/investing/general/2013/08/06/if-someone-invests-200-million-in-bitcoin-should-y.aspx

Topic: The Motley Fool: Stay away from Bitcoin (Read 2937 times)