Topic: Vitalik Buterin sold himself - page 2. (Read 305 times)

If either the european union or united states default on deficit/debt. Going the traditional investment route could be bad if the euro/dollar implode. Either bitcoin or alts could be a safer investment than stocks. The DOW average declining could be considered evidence of this: savvy investors may be selling their long term HODL holdings in anticipation of a crash.

It helps to remember very few saw the subprime mortgage crisis coming. No one could remember the value of US real estate declining. Many believed real estate to be a bullet proof investment immune to price corrections or devaluation. As a result, subprime mortgage derivatives were heavily leveraged even as potentially toxic assets which exacerbated the economic & financial damage inflicted when a crash finally came.

It is possible anything denominated in dollars or euros could be described as sinking ships. While banks and others fund anti crypto FUD campaigns labeling bitcoin a "sinking ship which could fall to zero at any time" that description could more accurately describe fiat currencies given the large deficits and politicians insistence on continuing their flawed policy of spending and taxing their way out of debt.

Also in regard to Vitalik Buterin some might find the following interesting.

This is what goldman sachs says:


This is what Vitalik Buterin says:


Is it interesting how they both repeat near to an identical message?

Where's the diversity of opinion and views they love to preach about?   

100% agree with you mate. He is just trying to be objective and honest here. He understands what diversification really means. Do not put all your investment in crypto, but at least have plan B, like mutual bonds stocks or other government backed assets.

Those who put all their investments on crypto last December already got burned. They sold their bitcoins already and are not out of ammunition and yes, maybe they are not beggars on the street. Just sad that they didn't know how to diversify and put everything in one basket.

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.

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 )

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.

Ok but actually he is also suggesting us to invest in traditional assets, which are high-risk and very likely you end up losing everything,  giving the powerful ones a gift.

He should have suggested only not to put your whole life savings in crypto, but not to invest them on the stock market or binary options and other traps the Rotschilds made.

Well said, have my last merit.

I second Vitalik, there exist quite a few people who choose not to view Cryptos as a Make-Me-Rich scheme, but a technological innovation.

You need to look it in that manner rather than reducing the crypto-revolution to look like a Ponzi, where every Tom, Dick and Harry jumps in.

Given the market manipulations and high volatility it is subjected to more often than not, it is prudent to suggest that it's a very risky investment.

How is that selling himself?

He's completely right when stating that cryptos are not the safest asset. He didn't say that you should invest in traditional assets either. He just made the objective observation that cryptos are extremely volatile shorts and risky longs. It would be utterly retarded to bet your whole life savings on crypto unless you could easily recoup the losses.
People who bought at the 20k ATH of Bitcoin by taking up a mortgage on their house found themselves on the streets when the price retraced down to 6k.

He's basically just noting (correctly) that people should be very careful with crypto investments.

 "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 ?