Vitalik Buterin sold himself | Bitcointalksearch.org

btc_angela

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He jus trying to share what he think is best for everyone. But I don't think that sold himself. Maybe he is just saying it as a regular guy not involved in crypto.

Quote from: snkneo on February 26, 2018, 07:07:39 PM

The keyword is safest. And that is true, especially for most people who are not too computer savvy.

I think it's very good of him to be honest and not shill because it would benefit him more.

Correct. He just trying to emphasize that there are a lot of investment platform out there that can really make you very safe in the long run. He knows how volatile crypto and how it works and its good that he is not against traditional assets as safe haven.

joms07

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Vitalik Buterin was born in Russia in 1994 to computer scientist Dmitry Buterin and Natalia Ameline. He was raised in Kolomna, Moscow Oblast, until he emigrated to Toronto Canada with his family. Placed into a gifted class in the third grade, he shined in a number of subjects including math, programming, and economics; in one story, he is said to have added three digit numbers in his head twice as fast as the average1.

scorilo

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well he is half right. The crypto currencies are very volatile, you need to accept that. But there are a lot of new cryptos that offer practical use and that means they can be more stabile since they are not made just for trading.

snkneo

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The keyword is safest. And that is true, especially for most people who are not too computer savvy.

I think it's very good of him to be honest and not shill because it would benefit him more.

SaShiRaJaVu

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Quote from: Lionel on February 20, 2018, 12:49:57 PM

Ok, how come the creator of one of the main cryptocurrencies had the idea to suggest us to invest in traditional assets?
Which also means he is telling us to keep all our money in a government-controlled bank, while the main purpose of crypto is to save us from the gov robbery and banks.
Somebody tell me how much did they pay him to say that insane sentence.
If he's not out of his mind, they threaten him to death ?

To be frank that is his opinion and you have to understand that everyone can have their own opinion. He does not believe that his invention could create the future,he is just trying out his luck and reap their benefits as long at it goes and see from there Cheesy

.I am not too sure about the context of the speech,either way i am not into crypto currency to have the best investment platform,but to be part of the innovative one. Wink

Carlsen

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Don't forget that Buterin was talking about life savings. Only older people have that!
And most of the older people I know, they have no understanding of crypto currencies!
You simply can not encourage somebody to put an amount so important for him into something he has no clue of!
That would be wrong on so many levels!

paxmao

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Do not die for Putin

Quote from: Rsiyz on February 21, 2018, 10:15:16 PM

vitalik is not typicall "west " crypto milionare or lambo lover. skin, dont eat much ..

He seems to have the greatest wealth of all, that is, time to enjoy his life doing what he wants. He obviously is not there to buy lambos. Believe it or not, I do understand him in that sense.

ChinkyEyes

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Quote from: buytheeffinD on February 20, 2018, 02:18:41 PM

Quote from: Lionel on February 20, 2018, 01:55:14 PM

Quote from: BTCMILLIONAIRE on February 20, 2018, 01:44:50 PM

It seems like your English isn't good enough to make a judgment about what he's said, because your assessment of his suggestions is completely false and out of context.

I hope you are right.

Anyway my intent is not to discredit the cryptocurrencies or people who create them.
I'm very pro-crypto.

I just worry because the gov used to publish fake news against crypto, spread terror messages about risk, volatility, blah blah just because crypto can hinder their business.

And now i see a crypto VIP suggesting to invest in traditional assets... it makes me worry and think the gov is threatening them (they did that to Assange , Snowden, etc., so it's not fantasy )

First of all it is always a good thing to diversify your assets so him suggesting we go traditional route is not bad in any sense. Secondly, you sound like you are on a conspiracy trip which it could be true that Rothschild own a lot of the power and money but that doesn't make it so you can't make money in those markets. Also the reason there is going to be more regulation in this space is because of the scammers, pump and dumps, and all other nasty wild wild west practices. If these weren't ongoing regulation wouldn't be looming and I think Buterin is suggesting we play around in markets that are more regulated and protected. The average person who knows nothing about crypto will get eaten alive and for that reason I think this is why he suggests traditional methods of investing.

Jumbled thoughts I know, apologies.

There is a crypto hype, and the average joe is going to get REKT. Most of them don't do enough research, that is why vitalik is saying this. Look at how many scam ICOs there were last year. And let's not forget about bitconnect, how many have been burned by that ponzi scheme? Most warnings in the mainstream media are there for the average person, this is why governments have recently become very active with regulations regarding crypto currencies. Too many people are in shit coins and getting scammed by dodgy ICOs.

NeuroticFish

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Looking for campaign manager? Contact icopress!

Quote from: Lionel on February 20, 2018, 12:49:57 PM

"If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Source: https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

Ok, how come the creator of one of the main cryptocurrencies had the idea to suggest us to invest in traditional assets?
Which also means he is telling us to keep all our money in a government-controlled bank, while the main purpose of crypto is to save us from the gov robbery and banks.

Somebody tell me how much did they pay him to say that insane sentence.

If he's not out of his mind, they threaten him to death ?

Actually it's a call for sanity.
Everybody tells to not invest more than afford to lose. Everybody tells that cryptocoins are a high risk investment. Everybody tells to diversify. He just said the same with different words.
The only bad thing is the timing. He could have told that before Bitcoin dropping to 1/3 and getting all the cryptos with it (although the drop should have been expected).

dragoz11

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I don`t consider this as a betrayal for crypto and I respect him because even he created one of the most promising coins he has the courage to make objective analysis regarding crypto .

paxmao

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Do not die for Putin

Quote from: Lionel on February 20, 2018, 12:49:57 PM

"If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Source: https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

Ok, how come the creator of one of the main cryptocurrencies had the idea to suggest us to invest in traditional assets?
Which also means he is telling us to keep all our money in a government-controlled bank, while the main purpose of crypto is to save us from the gov robbery and banks.

Somebody tell me how much did they pay him to say that insane sentence.

If he's not out of his mind, they threaten him to death ?

I am amazed at the title of this post, do you think that Vitalik has any need to sell anything? He is probably worth not an island, but a small archipelago by now LOL

Tom Korsteng

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I think that Buterin meant just this stage of development of cryptocurrency and he didn't mean that crypto is bad asset but now is not the right time to invest all in this. Maybe later when legislation becomes more precise and people know more about technology and governments accept it then there will be right and maybe safe time to invest in them.

mulukey

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I do not think Vitalik can sell his prestige for financial purposes. Vitalik is very famous in the cryptocurrency market and he is very little mouthpiece. I think when he says something, he has his own reasons. If it was only for financial reasons that Vitalik had to sell himself, I think it was impossible because he was so rich with Ethereum.

Lionel

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Quote from: Rsiyz on February 21, 2018, 10:15:16 PM

vitalik is not typicall "west " crypto milionare or lambo lover. skin, dont eat much ..

Yeah he's a skilled & nerd programmer, but don't take financial advice from him

Rsiyz

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vitalik is not typicall "west " crypto milionare or lambo lover. skin, dont eat much ..

pushups44

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It's not his job to provide financial advice, since, as so many have said, traditional assets are not necessarily safe. Nothing is 100% safe, especially nowadays.

Rsiyz

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Merit: 6

yes crypto is not safe,, yes you can make easy money when "somebody" pump up years.. but it can not work for decades

i also invest from mining to gold,.and land later .. people who dont invest in bitcoin when price was 30-500 usd miss hypotheticall "money train" ..but who now years before .. it will be one year before xmas 20 000 usd price .. its like knowing lotery numbers before.. Cool

But now is situation different.. btc is expensive for invest and too voilatile, can crack exchange or who now..other problems.. gold bars will stay as forewer for your grandchildren if they will want spend
But in this world will land good invest .. but no property,that can aeging and lose price.. also im not sure in europe where will big aeging population problem, no pensions, and war on part ukraine,,becouse usa want bumper for silk road and one way .. its will not help ,. chinese now have good times with EU..and wil have

Lionel

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Quote from: peterthegreat on February 20, 2018, 03:23:05 PM

Vitalik is only trying to give safe advice because traditional investments are ...low-risk??.

It would be dangerous for him to reccomend everyone to invest in Ethereum and crypto which are very high risk.

As @Hydrogen mentioned, this is a very critical period for stock markets: https://www.express.co.uk/finance/city/914478/financial-crash-us-stock-market-trading-dow-jones-Nasdaq-global-money
Also real estate is a traditional investment, and it crashed.
What about the "tulips mania" in Holland? That was a traditional investment.

So please don't tell me traditional=low-risk

@BTCMILLIONAIRE
@buytheeffinD

You seem to believe that corruption doesn't exist in this world.

Want some examples?
The ukrainian president Poroshenko, everybody knows he's a paid american puppet
The Rockfellers tried to corrupt Chavez, he refused. And then he mysteriously died. What a coincidence.
Banks are investing in fake online news/videos to trick the people ( e.g. they try to aggressively discredit Bitcoin )

So you see, even presidents get corrupted.
And you are telling me that a regular guy like Vitalik cannot get corrupted if they offer him a few millions ?
I started to think so, from the moment he pronounced those sentences which were similar to what other FUDers tell you all the time

BTCMILLIONAIRE

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Quote from: Lionel on February 20, 2018, 01:55:14 PM

Quote from: BTCMILLIONAIRE on February 20, 2018, 01:44:50 PM

It seems like your English isn't good enough to make a judgment about what he's said, because your assessment of his suggestions is completely false and out of context.

I hope you are right.

Anyway my intent is not to discredit the cryptocurrencies or people who create them.
I'm very pro-crypto.

I just worry because the gov used to publish fake news against crypto, spread terror messages about risk, volatility, blah blah just because crypto can hinder their business.

And now i see a crypto VIP suggesting to invest in traditional assets... it makes me worry and think the gov is threatening them (they did that to Assange , Snowden, etc., so it's not fantasy )

There has been, and there will be more, fake news from governments and central banks. So that's a plausible thing to worry about. Just a few days ago the Polish Central Bank has been caught paying off a Youtuber to spread FUD against crypto.

But Vitalik is not in that boat, at least not right now.

I'm personally not very worried about any of the FUD though. It seems like the establishment is already aware of the fact that they can not possibly stop Bitcoin & co. So the worst thing that I could see happening would be FUD campaigns to push down the price so that the establishment can buy large amounts of crypto for very cheap before allowing it to skyrocket. That's their usual game. Keep in mind that the MSM are their puppets.

Also, I personally invest in traditional assets as well. You should always diversify in a way that would ensure that if the worst scenario took place you would still be ok with the outcome. Imagine you had everything in crypto, and crypto goes up to a multi-trillion dollar market cap, but you somehow lost access to your coins. What now? If you sold some of your profits for fiat, gold, stocks, or whatever else you would still have something.

peterthegreat

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Presale is live!

Vitalik is only trying to give safe advice because traditional investments are low-risk.

It would be dangerous for him to reccomend everyone to invest in Ethereum and crypto which are very high risk.

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