Topic: Vitalik Buterin's Financial Advice (Read 609 times)

If I understood the third one which says to be boring with most of your portfolio correctly then I completely agree

Well this is just personal opinion of course and anyone could do the direct opposite because it is their money after all that they are investing but i would rather invest on well established coins instead of investing on newly launched projects well maybe sometimes being risky is a good idea but if you want to play within your safety net then just go invest on coins you already are well knowledgeable about

Maybe these advices need to be explained very well from the adviser's point of view. When we talk about investment diversification, many people mistake it for portfolio diversification. If you have bitcoin or altcoins, and go ahead to buy bonds, real estate or gold, I think it can be called investment diversification. But if you own bitcoin, and buy many altcoins in the name of diversification, you are wrong. Although, I don't know the adviser's point of view

I consider this a good advice, but then saving in fiat is risky because of inflation.

I don't understand this please. Does this mean you do nothing with your portfolio, just HODL?

2x to profit is 2x to loss...10x to profit is 10x to losses.
 

He is right about the buffer of saving being the most valuable thing but its alot easier to say then do.   Obviously being rich the advice they can take in deploying capital is well done, he would be a fool not to play it safe after you get to an elite level of riches make sure you stay there is job number one.   
  Giving similar advice to those with no capital is going to be easily lost in translation, its not especially applicable.  The nearest most of us will come to a good amount of savings is either the house after repaying debt, its a liability and working asset so not straightforward.  The next target would be pension savings, whats done there is most important and frequently neglected and we dont even get those till much later.

talking about saving i always believe that its always kinda flawed way of reaching thing mainly because of the presence of inflation whats the point of saving money if by the time we use it the value already down more than 20% it becomes silly.
i think saving better get replaced by investing at the very least even if our investment only yield low amount of APY it still save us from our money being eaten by inflation and at least it could retain its value.
the point mentioned was saving until its enough to cover multiple years of expense, but it will be a lot better if we can get some passive income from that money basically we use the profit not the capital for the investment itself then only then we will be truly financially independent.

I think there is a variety of different points of views on this particular question, but I think that Vitalik kept this post simple for good reasons. He is addressing the vast majority of people in the market. The problem is that too many people engage in gambling without knowing they are. When someone does not understand leverage mechanics and how impactful market volatility on positions can be, even 2x doesn't sound like much. I talked to people trying to convince me how much control they have over 10x leverage positions. I played around with leverage positions, but not with a lot of money. It was an experiment for me to see how quickly your position can get killed. It's crazy and the worst is when someone uses hard earned or saved Bitcoin because there seems to be a shortcut to doubling the money. In most cases it isn't any more promising than playing roulette.

The first of these recommendations is a must-do: don't put all your eggs in one basket. The second one is also a must, you can't invest without saving money. These are things that everyone knows, but the majority of the society fails to put them into practice. Either saving money is difficult or investing is not for everyone. As for leverage, I don't think it should be used at all. Trying to buy and sell an asset that you don't have involves great risks. Being boring with the portfolio suggests that you should keep few assets in the portfolio and not change them frequently. I agree with all of these.
When I make my own investments, I hold Bitcoin and Ethereum from crypto assets, as well as a few altcoins. I try to diversify my non-crypto asset investments, but not to distribute them too much. The investment business requires serious discipline, and those who don't have it cannot provide good returns.

Saving is very common to us, but some still find it hard to save, most probably because they also have certain priorities in life that saving itself may come as the last priority. However, the last advice seems very crucial to all traders and investors out there. While people may seek for bigger profits, using leverage might be some others option. But I believe it’s not. It can only be safe if you are a professional and highly experienced trader, but for those who are still new to that craft, trading using leverage is always discouraged.

Vitalik should leave his bubble world for a moment and come touch the grass in the real world, where rent, groceries, bills are high, and wages are low (apart from programmers).  Nobody gets rich by saving, unless you save for all your life in some conservative ETF. 

Every single time a rich person gives financial advice, they are all bullshit.  I guess they do not realize or hear themselves.

The advice he gave seems very safe, very uninventive. You can’t get rich like that but I assume he can’t start telling you what to invest in as you could have grounds to sue for him giving bad investment advice.

the list is pretty basic but what makes it challenging is the actual implementation in your day to day life. it is how you will attack this in your actual life. anyone can give you piece of advice but it boils down to the fact that it is yourself who is making this journey of life and it depends on how you will live your life to attain such financial goals.


the only difference is that Buterin happens to be one of the top personalities in the crypto market, the creator of the top 2 cryptocurrency. and with his success on this project, he gained credibility when it comes to giving piece of advice to crypto users.

Most of these advice are pretty common and are just normal advice that you can get from other successful people as well. It's just that it's coming from a voice that has proven a lot of things and have backed most of his works with something. I'd rather listen to him who has done something rather than from someone who I don't know much about.

At this point, financial advice today is very easy to get and the message conveyed by Vitalik Buterin is not much different from what is often conveyed by many people who are active in the world of finance.
I think that's nothing strange to our ears.

This way of managing finances will work when we have money, therefore increase income so that we can control money optimally and not have a lot of worries and we can manage finances well without shortages, people who have little money will find it very difficult to diversify, or not. he has to accumulate enough time until he feels he has enough to cover his needs, but unfortunately age will be the main bet if seen from this point of view.

My thoughts is that this advice is pretty trivial, Vitalik is saying obvious things. You can get such "valuable" advise here on this forum by simply visiting every second thread. 

His "actual financial advice" is nothing new. Just vague and extremely basic. If anything, this is just Vitalik going full influencer mode. I am pretty sure he just copy pasted whatever first page google search results showed him. I am not saying that his advice is wrong. It is actually quite important and the first things any new investor should know. But there are other parts to smart advice. Doing your own research (DYOR) is extremely important. Otherwise you are investing blindly. Which is the most destructive and dangerous thing to do in the cryptocurrency world.

TBH, I don't know if saving is the main purpose of Vitalik's advice. 
However, I can agree that saving for emergency is needed. It is an advice that we already know from many years ago. Even our parents always remind us to save money for emergencies or urgent needs. I think we can do it constantly, not only for 3 - 6 months. We don't know how much money we need for the future emergencies. That's why we don't stop to allocate some money for saving. I'm also doing this, it is a common thing that most people do in my country.

Well, it is true that everyone needs to have an investment. Although the investment doesn't guarantee our future, but it must be very helpful. With investment, we have the chance to gain money constantly and we have reserved money for the future as well. Saving in fiats only reduces its nominal amount over time, but if investing in Bitcoin or other potential things is potentially raising the value day after day. 

Here are some of my thoughts on his advice, the advice aren't anything new as these are normal advice that we hear everyday. Diversification are good but not in assets that are closely related, when newbies hear the CEO of Ethereum saying diversification are good they'll think he's endorsing investing in altcoins (and on the other hand, what do we expect from the founder of a altcoin preaching diversifications without clarifying when we're suppose to diversify). They're only trying to get people to invest in their projects with their advice, this isn't different from what CZ was doing when he was the CEO of Binance.

Diversify but don't do that with close assets like cryptocurrency. Instead of saving, Invest. Saving and investing aren't the same thing, when you save you don't give your money room to grow, saving puts your money at rest but when you invest, you put your money to work to make more money for you so we should pick interest in investing and not saving. Investing is also a form of saving but saving isn't investing. Lets know the difference so we can make better financial decisions to uplift our finances.

Being boring with your portfolio is actually the point I agree with more, Bitcoin is boring, it isn't as active like altcoin with all the difference things they introduced to their ecosystem like staking, farming and so on so investing in a boring assets like Bitcoin when compared to other altcoin is actually good. I noticed boring business are giving the most profits lately.

I think this message is relevant from what Vitalik Buterin conveyed from his quote from Bill Gates and Warren Buffett's tweets and it is good to follow, but as usual everything ultimately comes back to each individual in navigating the market. Human nature changes, sometimes today it's like that, in a few seconds the plan can change to another in managing finances.

While a defensive approach might seem less exciting than chasing high-risk returns, it's like building a sturdy foundation for your financial house. It offers peace of mind, stability, and the freedom to pursue other goals without constant financial anxiety.

Traditional bank savings with their guaranteed returns and emergency fund access are a secure haven. But venturing into investments like real estate or land can potentially generate higher returns, albeit with greater risk and uncertainty.

The key is to find the sweet spot that balances your risk tolerance, financial goals, and life stage. A healthy emergency fund (covering half to a year of expenses) is a wise starting point, followed by a diversified portfolio that blends safe options with calculated risks aligned with your long-term goals.

Real estate, for instance, can be a compelling option for long-term wealth building. Land, as you mentioned, has its own set of pros and cons. It can offer steady appreciation, but its liquidity might be limited, and development potential can be unpredictable.

Some people have gambled and won... I don't know how true that is, but I have seen some crazy winnings shared on social media, some people made a lot more profit with leverage trading. I'm sure that leverage trading requires a lot of experience, but when it comes to leverage I believe it also requires a lot of luck, that's why I say it's gambling.


Well, this Vitalik gave a piece of advice to people who are already rich... So people who already have a lot of money these are good ways to protect that wealth. But for people who are on the way to achieving "financial safety" risking here and there is not something we can run away from.

Good advice but i don't agree with Don't use >2x leverage. Some people have enough experience to work even with 100x leverage. All depends on your knowledge and on the amount of available funds you have."

Diversification of cryptocurrency investments refers to constructing a portfolio consisting of multiple different types of cryptocurrencies this mean multiple coin not only one coin rather than solely investing in one specific coin such as Bitcoin or Ethereum. Consequently, this approach reduces the overall risk associated with investing in a single asset class.
is good investment in spot market not future.
If you only use 2x leverage in futures, it's better to trade on spot, not on futures

Well, then Vitalik Buterin forgot to add a couple of points:
* Never, under any circumstances, get rid tell your girlfriend / wife about your crypto savings, otherwise all the points listed above will not make any sense.

Financial literacy doesn't lie in your compliance with this, but also in the ability to explain these principles to your immediate circle (girlfriend or wife) in accessible language. If your girlfriend  / wife is extracting money from you while you are trying to save it for future growth, then... get rid of this wife.

He forgot to put no love life. If you got a girlfriend/wife or whatnot, you likely aren't thinking about saving. Looking to impress most likely and get all the action she will give.

Solid advice or course, but how easy is it depending on your circumstances?

Bitcoin, boring? . No it's not, because it's highly volatile. So it's actually thrilling to have a BTC. And once you know to handle it, BTC can be a highly profitable crypto. Vitalik is a famous crypto personality. So indeed that some will take his advice personally or seriously. Add in the fact that his advices are also common (as you said).

However to diversify does not mean that we are now going for the crap coins since there are also plenty of great coins out there. But, I still won't say that investing in a pump and dump coin is wrong because they are also profitable as long as you know how to time your moves. In short in needs a very good skill first.

Totally agree because this happened to me a lot of times before. 😁 I converted half of my Bitcoin investment into some Altcoins way back in the last quarter of 2017 and yeah I get profit with Bitcoins surge that time but that turns the other way on the first quarter of 2018 where prices goes down and so my Altcoin bleeds to death. This is the reason why I changed my strategy of diversification I am now into Bitcoin for my decentralized asset  and for my centralized asset I'll go for real estate also I have plans on acquiring gold coins as soon as I have extra money.

Anyways the first two on the OP's list is what makes me a fan of.

agreed with such statement tbh sometime aggresive play is needed if we truly strive for that big profit then of course we will need to increase the risk as well, but its not wrong following such advice either though its definitely suited for those with big enough capital to go on long term without worrying about anything but what matter is the APY or profit from the investment in the long run.
if im so sure about the coin that im gonna trade, like basically im so sure it will increase in the future then i would be using 3 time leverage or even more because its a way to maximize my profit with of course increased risk but sometime its just worth it, this one high leverage might be life changing.
but then again we need to see whether we can also afford to lose the money because otherwise it'd be a really bad idea if im being frank with my experience in the past.

Saving for emergency is the main purpose of this. It is what I hear mostly from the financial tips of the content creators that are dealing with financial management and contents. I think it's always good to get reminded to save and then invest. Saving for your future and emergencies actually, from the contents that I've watched, they're telling you to save for 3-6 months of your total salary as your emergency fund and it's so much better to get motivated and save for multiple years of expenses. That preferable because the times of inflation isn't going to stop, the cost of goods and everything are increasing so, that's the motivation that someone can think of but do not forget to invest as well.

The first point is critical and maybe advice that some diehard crypto fans should take onboard, because having all your money invested into a single asset is always a terrible idea. If you've got rich off owning it, consider that sheer good luck and fortune, but if you want to stay rich they follow the old adage of buy low and sell high. Cash out some of your money that you've quadrupled in a short period of time and invest it in something else. You never know what is around the corner, but having your money spread around in property, stocks, even precious metals or other collectibles is very wise. It's all about reducing your exposure to risk, as we've already seen things like crypto go into reverse many times.

There is nothing wrong in this because it is indeed a pretty good advice for us to manage the finances that we have and actually it is a pretty controlled way to have a good financial stabilization in the end but it is indeed sometimes it cannot be used all the time because in the end when talking about life there are situations where we have to be a little bit more aggressive and there are situations where we have to make ourselves comfortable by playing safe like that.

Actually doing this is also quite good but we also cannot be monotonous of course when there is momentum and a good situation to start a little more aggressive than usual as long as we are able to handle it then why not because I'm pretty sure we often experience situations like this and I think improvisation like that also needs to be done because we also need a challenge to pass the risk so as not to stay in our own comfort zone.

Especially if you diversify into shitcoins. Have ETH? Diversify into HEX. Richard will thank you for it. He'll buy himself some jewelry.
What about people who were diversifying from Bitcoin to pictures of penguins, punks and monkeys?


Can't say anything bad about this one. I'd only ask Vitalik about his ETH dumps in the last few years. If saving is so important why is he turning his valuable coin into fiat money? Is that him diversifying?


I don't think you can be boring with a crypto portfolio. It's impossible with these assets, even if you hold only bitcoin.

What about 100x leverage? Arthur Hayes recommends

I'd add another one: don't trust Vitalik.

#Diversification - Is a must, not not all does have the money for us to do so, so it would be situational. 
#Save? - This is where people do totally forgot, they would really be just doing things on the time that they would really be experiencing hardship.
#Boring or not minding about your port? This would be the most impossible thing that a certain investor would really be doing. Even myself cant really just make that not even on peeking into my port even
on a single minute. lol

#x2 leverage? This would really be that depending on certain person because not all would really be that satisfied when it comes to spot trading
but rather they would really be loving on touching up themselves on higher leverage.

This is something that would really be situational because it would always falls down on someones interest if we do speak about these things.
So its up to someone on what are the guidelines that they would be following or really just that simply stick into their own common sense.

I agree with all his recommendations. Around 2021 he said he bought millions of Dogecoin in 2016 and sold everything when the meme coin becomes the next hot cake in crypto community and he was happy that he sold everything at the peak of the price. I was jealous about that because cool money was made so easy and simple even when himself wasn't sure about the coin back then. It's good to throw some money into these coins and overlook them for future.

If you are not financially buoyant enough, investments will be hard because if you don't have back up as savings, you will likely sell more than half, if not all before your investment grow to maturity. Financial discrepancy is one of the reason why many of us don't have any coins today but if you save enough, you can invest for good.

Leverage is gambling, some people are good at it though but on a personal level I don't like it and I would recommend it for anyone. Spot trading by far is better than leverage and what baffle me with this leverages trading is people with small capital that like them, they want their $50 to be $1M over night.

I feel like the fact that he talks about the boring part, is the most important part. All those people who invest into some unknown and small number of things that needs to change, they are doing it for like some insane x100 return or something, they want to get rich with just a few investments but the reality is that you are not going to get rich like that, it will not work that way no matter how much you try.

So, the best thing you could do at this point would be just making sure that you do your best. I personally do as boring as it gets, in fact, I had long periods of my life where I invested only into bitcoin and nothing else, Vitalik may not enjoy that lol, but it is as boring as it gets, and yet it is very healthy move.

The financial advice looks good and juicy and if followed diligently will guarantee financial freedom, and in old age the person will not lack or be dependant on family and friends for financial needs, but the problem is that your income needs to atleast meet your basic financial needs first before thinking of diversification and saving enough to cover your multiple years of financial expenses. My point is that many people can be aware of many tips to financial freedom, but these knowledge alone is not enough to secure the desired financial freedom.

The standard of living is getting very high in most countries and even with two jobs people can hardly meet the responsibilities of their basic needs, so these feel good theories are for people who are able to escape the shackles of the hardships that sorounds them, which is not easy. Almost every ideas are saturated and it's quite hard to get extra income for the average income earners to diversify..

I agree that financial safety is freedom or, let's say, it is about being financially free and safe, and at the same time, you've got more freedom than the other people who have been dealing with their hardships in life. What's with these people giving tips whether it is Vitalik or any other financial advisor or someone who's well off in life. The words that they say become words of wisdom because they're at their peak and we don't know how they've been through with it but it's good to take some tips from them. But, it's still nice to hear such tips and concerns from other people and give suggestions on what should one do to achieve some financial goals financially. Note that it is not going to be an easy thing and it's still you that shall work on it and don't just be a good listener but be a good follower.

It is like the financial version of "keep it simple." Diversify to play it safe, save up for a financial cushion, and be a bit boring with your investments for stability. The no-more-than-2x-leverage rule is a clear "stay safe" signal. It's a down-to-earth approach that makes sense for anyone wanting a solid financial game plan.

This is similar to what I wanted to say after reading the OP.
There's no point in buying different altcoins when most of the altcoins won't be worth shit in the future. That's just a way to lose money.
Trading altcoins as a trader is okay, but holding to make a profit from it is a very big mistake.
No point in buying every popular altcoin all in the name of diversification.

I understand your point, and the caste differences have indeed occurred. Coincidentally, Vitalik said something about it. The simple formula is that the voices of the wealthy will be louder than those of the poor. So, it's certain that the quote is more suitable for the wealthy, because only those who can earn money will be able to sustain their lives for the next 10 years. Idealistic people might think that the poor can also become wealthy someday, but they don't understand how challenging it is for the poor to reach that point.

If someone denies it and says that Vitalik started from zero, I don't think that's entirely true. Everyone is blessed with their privileges, and it has a significant impact on someone's future.

He had scientific intelligence from a young age, and his talent was evident as early as the 3rd grade in elementary school. The blood of a programmer runs in his veins, inherited from his father, Dmitry Buterin, who is also an IT expert. It's certain that he started his life with a good foundation, and it has a significant influence on his financial condition now, thanks to ETH.

Yes but I diversify into different types of assets, not shitcoins.


Okay, but with the qualification that having more than 6 months of expenses in liquidity is usually a loss in real terms due to the opportunity cost. Better to have a maximum of 6 months of expenses and the rest invested.


Agreed.


For most people it is better not to use leverage at all.

I don't know why someone who is good at coding like Vitalik is suddenly giving financial advice to people where he has 284,000 ETH in his wallet that he can transact at any time and the key to Ethereum's backdoor. Even the financial advice he gives can be found on many investment websites LOL. I respect him as the founder of the best altcoin, namely Ethereum, but it's just ridiculous when someone like him gives financial advice to other people, he should focus on developing Ethereum instead of giving people financial advice.

what happens to earning? One has to earn first before the rest of this ones can come into play.  I believe that it's necessary first of all to create a consistent streams of income by making the right investment at the early years of your life.

These are all good but for me, the best way to remain financially stable is to invest in a system that regularly brings money to you without you necessarily getting involved in the system. Like you can just buy a vehicle for others to be using for Uber in your area while some commission is given to you on a regular, that way, you are certain that every week, you will be expecting something even If you are not working. This is not just associated with Uber but also any other thing that can allow you to become a passive partner to the business while you continue earning your passive income

Vitalik Buterin should have rather said, "Look for some unique concept or idea that you can copy and then tweak it to look like your idea and then market it"

Also, start calling it one thing (Example : ETH is a smart contract centered platform) and then when the biggest competition are struggling with congestion.... do a 180 and start marketing your technology as "Currency of choice"

Vitalik Buterin is an opportunist and he can spin on a Penny, if the money is good.

he has hopes of SEC approving eth etf in summer, so as main guy of ethereum he cant go full elon, he has to present rational, safe investment advice if he wants to prove eth is governed by him safely to appease SEC decision makers that he isnt a whale baiting market manipulator or going to excite the network with unpredictable code changes

Be boring? Meaning that it would make you not see it too much or just let it do its thing with the market? I believe that is how to make it boring. Probably the surest thing that you could do with your balance is to just HODL it or something.

Diversify makes it possible to mitigate risks so you could really take advantage of the market.

I didn’t know Vitalik likes to give out advice. 

agreed with preventing from having too much leverage some people are so hellbent in trying to increase that profit figure into another level but they also seem to forget that the usually profit might turn into massive loss with high leverage even more so with the leverage reaching 25x its basically just trying to give their money to whales that way.
just keep trading with spot its already profitable enough, worst case scenario if it went down it can be hold for long time to wait until the price recovers back.
overall solid advice from him, I personally have implemented all those things and have been seeing good results idk with other people but overall the most significant advice is to never trade with too much of a leverage.

This is as smart as any financial guy could be when providing suggestions and tips to a larger audience of possibly diverse risk capabilities. The fact that he made sure to provide profitable but still "risk-free" financial tips especially when most of us here would go degen on the next crypto bull craze may not sound so great, but for someone who's just learning the ropes in the crypto industry, this is a golden nugget that they could use to start off their journey.

Had I known about this in the past, I probably wouldn't have to lose all my earnings in the first profitable bull run I've been in. All I really had in mind back then was money and making sure that I make the most out of it, so I banked on all the risks without knowing if they are even worthy at the end. Of course I lost all of my earnings and even had me thinking if crypto is really for me. Eventually I came around and found that I would be more smart and calculated about the risks that I pose myself to so I don't end up with zero bucks on my bank account.

Thus far, employing Vitalik's tips without even knowing about them in the first place allowed me to not only take profits but also secure them and ensure that I don't lose my money willy-nilly. I'm far from a noobie but yeah, trust me when I say it works really well.

In general, sounds like good advice to me. Diversification, overall, makes sense, especially if we're talking about having very different assets, being involved in very different markets, just in case one (or some) of them crash. Saving money is very reasonable advice, although I don't think it should be done 'no matter what'. If you struggle with saving money for objective reasons (like barely making ends meet), you shouldn't prioritise savings above mental and physical health. As for being boring about most portfolio, I guess he means that investments should be relatively safe, which is also reasonable. And the last one makes sense to me as well, primarily because I think people should borrow money to make investments at all.

funny part of ethereum is
by moving to PoS their minting cost went from ~$900/coin to well under $75 a coin. meaning their current price is SPECULATING at a premium
PoW price was $1300 =1.45x value-premium
PoW price is $2500=33x value-premium

other funny thing is ethereums market was independent(pre 2021) with different utility and sentiment causing ethereums price market to differ and be non recognisable compared to bitcoin market wiggles

but notice when things changed and ethereum just became a play child of bitcoin traders, where ethereum just shadow traces and copies bitcoin market wiggles 95%+ of the time
[btc-eth chart]
independent wiggles                 pegged to btc wiggles


yep when ethereum-bitcoin market became stable(may 2021) was like ethereum trying to peg to bitcoin prices at a shortened range
if ethereum was independent with its own community of traders, trading on purely the sentiments of ethereum utility/desire.. the peg to bitcoin would not be so narrow.
things changed after May 2021 and ethereum lost the independent war of utility

Maybe he actually wants to say that, but he doesn't use those words literally, because then he might admit that his project is "successful" only for the reason that the current circulating supply of that shitcoin is x10 higher, and that's why it holds the second place on the list of cryptocurrencies, so it seems that this coin has some value, even though this position is only a matter of manipulation through the marketcap.

With all that, does anyone agree that he made something better than Bitcoin, which he personally compared to a pocket calculator?


Are you referring to the possibility that everyone can create their own token on his smartphone network and sell it to others as a new ultimate solution? All this became even more convincing after they replaced POW with POS, so now they boast that they do not pollute the environment like Bitcoin, which consumes even 0.2% of the total amount of electricity.

It's easy to pretend to be a genius with billions in his pocket, but Vitalik will never be even close to Satoshi, regardless of the fact that he announced that he would retire and leave everything to others.

Everyone has their own opinions but I don't consider Ethereum a shit coin. and it is not because Ethereum is a valuable coin next to Bitcoin but because it has some excellent utilities that are very useful for people within the cryptocurrency sector,
about his financial advice, I am not sure if he was serious or being sarcastic about Bill Gates and Warren buffet.

Basically what everyone who aspires to be financially free does even without coming from a genius like him. I strongly believe in diversification, the idea of not putting all our eggs in one basket is very important, especially with high volatility assets. I doubt there is anyone out there who doesn't save for a rainy day, it is the only way to address any unexpected future occurrences. 

Be boring with your portfolio, in this day and time where things change so fast, you would want to be active with your portfolio to avoid being left behind.

Basically the only advice Vitalik should give others is to "create a centralized premined shitcoin by copying the code and ideas from Bitcoin and then get lucky as people buy into your scam". The rest like talking about "diversification" and stuff is just buzzwords he uses to look intelligence.

       -   There is nothing wrong with the reminders and advice he mentioned; in fact, there is truth in what Vitalik Buterin said, especially the last time he mentioned leverage. There are too many people who make mistakes and take risks in leveraging. Don't let other investors imitate those they only watch on YouTube or in videos.

They should learn to research because they have also worked hard for their money, and they will appreciate it instead of just wasting it or gambling on something they have no idea or knowledge about.

It is completely stupid that you post such basic advice on a forum, and it is even more stupid that the same advice comes from someone who is supposed to be intelligent, but actually turns out to be a classic attention-seeking troll.

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Who does this advice apply to? Maybe people who work 8 hours a day, 6 days a week and at the end of the month get a salary that is not enough to cover the expenses of 20 days of life? Vitalik, like all those shitcoin creators, has definitely accumulated a lot of money and can enjoy his financial freedom - which is very easy if you have an altcoin that is premined and has unlimited max supply.

These tips are probably familiar to many, even a beginner, the golden rules of simplicity and safety of their assets. Most importantly, he emphasized the importance of diversification, which I also think is very correct. These tips are a reminder that in finance, stability and simplicity are often the key to long-term success.

This is the most basic and generic financial advice I've ever seen. Most forum members already know everything about diversification and NOT to use leverage in cryptocurrency trading. I don't know why Vitalik Buterin is posting such generic BS. Does he want to turn into the new Robert Kiyosaki?
Is he about to start selling books and courses about "achieving financial freedom"?
Most crypto investors aren't diversifying their portfolio. Having both Bitcoin and altcoins isn't actual diversification.
I agree that saving is important, but having a bigger income is way more important.
Making 1K per month and saving 100 is way worse than making 10K per month and saving 2K.

The advice may not seem to be too out of the ordinary but it is the correct way to go about it, diversification can protect you from a crash in a single asset, saving is indispensable as having more money saved allows you way more flexibility than a person that does not have that money saved, investing in good assets avoids nasty surprises and avoiding leverage is a good practice as well, the only issue is that someone following that advice will not make a lot of money, and it will be the main reason newbies may choose to not follow that advice.

I didn’t see anything unusual in this financial advice from Vitalik Buterin. I don’t think that, in principle, these tips can contain radically unusual and miraculous statements. Similar statements can be heard from many other more or less successful people. Therefore, I believe that there is no magical and easy way to become financially successful. It's all pretty boring.

I think these financial tips (simple and uncomplicated) offered by Vitalik Buterin are worth sticking to and will allow you to maintain your financial well-being.

I aspire to do the saving part, I spend almost all of my paycheck on bills and accessories for my tech so I don't have a lot of money or should I say chances to save leftover money from that paycheck, that's why I have a problem with saving, good thing though that I don't really have the impulse to spend my bitcoins for the frivolous stuff that I buy with the fiat that I'm getting. It's nice that Vitalik didn't emphasize diversification too much because I believe that he knows that too much diversification is bad for you and it's also a good reminder for many people to not take this advice too much as if these are the literal words of God, they might seem straightforward and obvious but it's hard to follow it to heart.

There is no magical with his financial advise. They are mostly common and we hear it typically from the usual financial advisors.

But he is right, in all of them I like what he said about have a boring portfolio. What boring is like? when you hear most people say and advise to buy the same thing, Bitcoin.

Some may take his advise to diversify, many might take it personally to the point that they will diversify with pump and dump coins which is wrong.

The replies to this tweet are the perfect example of why it was such a dumb idea to allow people to pay a fee to have their tweets boosted.

Regarding his advice, I think it is mostly common sense. Having a diversified portfolio is good if it includes Bitcoin, a few stocks and some real estate. If he meant it in the same sense that some altcoiners talk about diversification by investing in multiple cryptocurrencies then that is just dumb, but I doubt that's what he meant.

Saving is something which already widely promoted amongst Bitcoiners. Some people don't agree with just hodling your money and never touching it but it is a good plan if you are preparing for the future.

Having a boring portfolio is also good because the best performing investments over long time periods tend to be those that carry less risk.

I do agree that financial safety is freedom but for some people saving up to the point where they can cover multiple years of expenses will take decade. IMHO the minimum amount of this kind of emergency fund is to be enough for 6 months worth of our spending, multiple years is also good but I think it would be better to use that money to grow business.



I don't really get what does this phrase means, does boring portoflio means risk-free or should we buying only big name?

These are the one of the best financial advice which looks so simple yet very important I would say these are the pillars of financial freedom and growth. Especially for the crypto industry the last advice is the most important as most of us end up losing because of leverage as we continue to see huge liquidation everyday due to the high leverages. I had some financial advice but considering this one I feel my financial advice wont make sense because this one is gold.

I find these convincing that planning and investing is a process full of experience.

For those who have gone through it, they truly feel the risk/safety in any field, perfection is not absolute and the unpredictable is always present. I know that many people are overusing leverage causing the liquidation rate to be very high, a game where the creators know that the thresholds easily weed out those lacking knowledge with it. Anyway, no one can help you with personal investment, experience everything yourself to achieve the goal you have built.

I think Charlie Munger's soul found a new host.

Wtf  "be boring" is supposed to mean?

You are Vitalik for fucks sake. You invented the biggest alt in the universe. You TOOK risk. Why is he talking like a boomer out of a sudden now?

Is there a malfunction in Vitalik's code? Somebody go and debug his brain.

The rules stated are similar to what I've been following. I'm on for diversification. I have diversified my savings on crypto and stocks. Real estate is in my list but they are too expensive for me at the moment. Among Crypto, I have a fair degree of diversification and I plan to do more as my investment increases.

Saving is where I'm struggling at the moment. The charm of crypto and stocks is so big that I can't have fiat in my saving account. I need to improve in it. Even my partner suggest me to have a good fiat saving but I'm afraid that inflation could decrease its value.

I'd say my portfolio is balanced. Not too boring, not too risky.

I'm not using leverage at the moment. Tried some leveraged grid trading and it didn't went well.

the main rules..
buy low, sell high
dont sell at a loss
dont use funds you NEED short term

but only do it on markets where the underlying market has:
utility, purpose, community engagement
stood the lapse of time,
still has ongoing work/project goals

once selecting a few good assets
the best strategy is to look at a range of markets and "traffic light" / "rainbow" scale their market cycles (x year) low and high and mark where the current price sits..
green buy (buy most)
yellow hold  (buy least sell least)
red sell (sell most)

As long as diversification doesn't translate into buying altcoins and thinking there is a portfolio, they are good advices. Otherwise buying assets that depend on Bitcoin's price and  get dumped each time bitcoin makes a move are terrible options for diversification and even for investment.

I agree with all of the above. The advice is more of the defensive way to manage your finances. Although a risky approach could be more profitable in the end, a defensive approach is most probably safer and wiser. This applies not just in terms of investment but also in terms of handling finances in general.

Particularly about savings, however, it must be pointed out that it could be done in a number of ways. One doesn't have to keep money in the banks covering multiple years of expenses. Savings could be done in the form of investment. Saving money that's enough for half or a full year is probably enough. For the rest, one could save in the form of real estate properties, pieces of land in particular.

The last advice is very important. But it is worth knowing that if you go 1x with coin margin and open 1x long or short position, that is 2x leverage.

If you trade stable coin margin like USDT or USDC margin and you open long possible with bitcoin at $40000 when it increased to all-time-high but fell back to $40000, thinking the price will continue to increase, bitcoin decreased further to $15550 and that means the money would have been liquidated.

Another disadvantage is the funding rate which may not favour those that open a long position. This is enough to discourage anyone to leave his coin on an exchange. Just buy the coin and send it to your wallet and leave the coin alone until the right time. Be boring with it, do not continuously checking it and thinking you should sell when all-time-high has not be gotten to.

Some people even regret that they wished to have hodl instead of trading. Take note that I am only referring to coins like bitcoin and not the shitcoins.

Vitalik Buterin Took to Twitter to share Some of His Financial Advice.
quoting a Tweet About Bill Gates and Warren Buffett He Wrote:

Tweet Link: https://twitter.com/VitalikButerin/status/1743991285214527532

What are Your thoughts about his financial advice guys? I like the first and 2nd which I've been doing by myself too.