What I tell to people is this:
1. Bitcoin in my opinion is a huge thing that can transform everything.
2. No one knows what will actually happen, there were no historical precedents.
3. Do not put more money than you can afford to lose tomorrow. Do not borrow anything, do not put more than 50% of your savings, do not touch money you already have made plans for. It's tempting, but just don't.
4. Before selling more than $10 bucks, learn about Bitcoin, how it works, why it works, its weaknesses, political associations etc.
5. Be careful about viruses, passwords, lost backups, bugs, human mistakes, panics on exchanges, DDoSes etc.
6. Check and double-check and triple-check before doing anything. Play with small sums before jumping in.
7. Never blame anybody except for yourself.
8. You most probably will have disappointment at some point in time. You will be scammed, your money will be stolen or lost. Prepare for it.
9. Never trust anyone including this message.
It's a great journey ahead of us, but it's bumpy. Don't come without equipment and proper training.
Topic: Why Gavin and Evoorhees May Be Giving Wrong Advice - page 2. (Read 5121 times)
"Only invest time or money into Bitcoin that you can afford to lose"
Seems the only correct advice someone can give 
I would be more offended if he would have said "sell everything you have, borrow as much as you can and put it all in Bitcoin
"
WOW.
Are you for real ? Are you seriously annoyed that someone on the internet didn't tell you to put all your money (and more) into a brand new, never been done before "thing"?
Try this piece of advice then: put all your money plus all you can borrow into LTC .
Everyone "knows" that a litecoin "should" be worth 1/4 what a bitcoin is worth.
No? Didn't think so.
Are you for real ? Are you seriously annoyed that someone on the internet didn't tell you to put all your money (and more) into a brand new, never been done before "thing"?
Try this piece of advice then: put all your money plus all you can borrow into LTC .
Everyone "knows" that a litecoin "should" be worth 1/4 what a bitcoin is worth.
No? Didn't think so.
What's wrong with warning people from "investing" their livelyhood into an experimental project run out of control way before its prime?
That's like being angry at the Tor developers for warning Tor is 'experimental software' so due to the success of Silk Road they should've instead lied and ran around like salesmen pushing Tor on everything promising phony guarantees in order for you to have been the first SR and rich now.
Do you think Jesus became popular because people said, "Jesus is a good guy, but don't believe everything you hear about Jesus." NO! People said, "Jesus can walk on water! You will go to heaven!" Look at where Christianity is now.
If only people at the time were rational and would keep it to "this guy is great talker, but it's not like he can do supernatural things, obviously".
On-topic:
I think Gavin and Erik have a right to their opinion just as you and I have. They are often asked by the press if it would be a good idea to invest in Bitcoin and saying that it's unwise to put all your eggs in one basket is excellent advice, under any circumstance.
In fact, although I am quite certain Bitcoin will survive and will go to $1M per coin, I keep telling friends and family never to invest more than they are prepared to lose. They can always decide to follow their own judgment.
sorry, but I think Voorhees has some very rational, level-headed advice. for sure he believes bitcoin is going to go astronomical, and he is devoting all his efforts in support of this belief. but he's also correct in the belief that it could easily falter. in the short term 
+1
What the fuck OP, you want some of the most influential people in bitcoin land to go full pumper-style on bitcoin as an investment?
What happens to the people who take out student loans etc. to buy bitcoin should the price go down 15x like it did in the previous bubble/correction ? Yeah sure, anybody that held back then is now a whole lot richer, but some disillusioned people sold too.
Honest to god, if I were Gavin or Erik I would be getting so fed up with having to defend yourself all the time from whatever venom some people feel they need to spit out next...
I said they should keep quiet.
Ok, sorry, I reacted too quickly and made an ass out of myself.
sorry, but I think Voorhees has some very rational, level-headed advice. for sure he believes bitcoin is going to go astronomical, and he is devoting all his efforts in support of this belief. but he's also correct in the belief that it could easily falter. in the short term
+1
What the fuck OP, you want some of the most influential people in bitcoin land to go full pumper-style on bitcoin as an investment?
What happens to the people who take out student loans etc. to buy bitcoin should the price go down 15x like it did in the previous bubble/correction ? Yeah sure, anybody that held back then is now a whole lot richer, but some disillusioned people sold too.
Honest to god, if I were Gavin or Erik I would be getting so fed up with having to defend yourself all the time from whatever venom some people feel they need to spit out next...
I said they should keep quiet.
The devs and bitcoin foundation have to be level-headed about this, and show some financial responsibility. They can't act as buy hypers. No one knows how far the price will go down again once something happens with an exchange, or some other issue like that.
You *can* be sure, though, that if that happens that we will stick around. We play the long game. Cryptocurrencies (and Bitcoin at that) are an idea whose time has come and won't just go away, but adoption *might* go slower than what people are hoping for now. It will be a hard and even painful climb to get there, not an all-expensed-paid trip to an island.
Bitcoin was never meant as an investment but as a way to freely send bits of currency around the world. So that's what the focus is on: adoption.
You *can* be sure, though, that if that happens that we will stick around. We play the long game. Cryptocurrencies (and Bitcoin at that) are an idea whose time has come and won't just go away, but adoption *might* go slower than what people are hoping for now. It will be a hard and even painful climb to get there, not an all-expensed-paid trip to an island.
Bitcoin was never meant as an investment but as a way to freely send bits of currency around the world. So that's what the focus is on: adoption.
sorry, but I think Voorhees has some very rational, level-headed advice. for sure he believes bitcoin is going to go astronomical, and he is devoting all his efforts in support of this belief. but he's also correct in the belief that it could easily falter. in the short term
...I think when it comes to speculation Gavin and Evoorhees should stay quite and keep to themselves....
Quiet.
I'm not saying that one should lie about bitcoin, but one should explain bitcoin in all of its glory about how it can change the world.
Yes one should if one feels like it, but one should do so while remembering that one isn't actually spreading the good news because of the goodness of their heart, but because of their desire to more money, or at least there's a mixture of the two reasons.
Gavin said, "Only invest time or money into Bitcoin that you can afford to lose"
Uhh, that's pretty sound investment advice.
I want Evoorhees and Gavin to admit that bitcoin will not go to zero.
It can (and on a long enough time scale, will) go to zero.
I'm not saying that one should lie about bitcoin, but one should explain bitcoin in all of its glory about how it can change the world.
You should probably calm down, BTC is an internet currency, not a religion.
Obviously Gavin et al can be identified and obviously have a big responsibility within the Bitcoin community.
They are just covering their asses in case something goes wrong, which you know, has happened before...
They are just covering their asses in case something goes wrong, which you know, has happened before...
You didn't answer to your own title..
Again, tell me why Gavin and Evoorhees are wrong?
What dirty work are you talking about?
Again, tell me why Gavin and Evoorhees are wrong?
What dirty work are you talking about?
I want Evoorhees and Gavin to admit that bitcoin will not go to zero.
As for dirty work it is self explanatory.
I believe they have several times back when the price was dropping to $2 and everyone was giving up on it.
Something like...as long as someone is willing to mine bitcoins, it will keep going.
I really am trying to be more polite on the internet. But seriously dude, you are making it hard. Take a deep breath, and act like a fucking adult. They were being responsible. If you want to find awesome great investments before they explode upwards, then you gotta do your own dirty work.
Bitcoin could explode tomorrow and everyone would be SOL. So it is a damn good idea to only invest what you can afford to lose.
Bitcoin could explode tomorrow and everyone would be SOL. So it is a damn good idea to only invest what you can afford to lose.
Ok, I've changed the title to be nicer, but for the most part most of my messages were adult like.
It was quite a funny movie though - http://youtu.be/xrAIGLkSMls
Why are people not angry at Gavin for telling people to only invest their money they are willing to lose at $35-$40?
Why would anyone be angry at them for that? It's sound advice for any investment.
I think my breaking point was when he spoke of speculators chasing squirrels.
You didn't answer to your own title..
Again, tell me why Gavin and Evoorhees are wrong?
What dirty work are you talking about?
Again, tell me why Gavin and Evoorhees are wrong?
What dirty work are you talking about?
I want Evoorhees and Gavin to admit that bitcoin will not go to zero.
As for dirty work it is self explanatory.
No one knows that. It could certain go to zero.
Why are people not angry at Gavin for telling people to only invest their money they are willing to lose at $35-$40?
Why would anyone be angry at them for that? It's sound advice for any investment.
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