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    Author Topic: CNBC: Be “prepared to lose everything” in Cryptos  (Read 296 times)

    • Tonyloaves
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    February 28, 2018, 06:33:27 AM
     #21
    Well, anything that we can say now is bound by speculation especially taking into account the risks involved in dealing with cryptocurrency. You should always take into consideration that you have a safety net with your investment and that it would not jeopardize your financial sustainability. By doing so, you can minimize the risks involved and just consider this as a sideline from your current income generating job.

  • barabut
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    February 28, 2018, 07:35:38 AM
     #22
    The price of the cryptocurrency has been soaring in last two months, now head up again. Increase value of bitcoin can only be temporary. It is volatile, due this may result for the new attendees and the people investing with borrowing might loose their investment. Because they will not able to wait.

  • J Gambler
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    February 28, 2018, 07:48:04 AM
     #23
    Quote from: HashFace on February 27, 2018, 04:19:34 AM
    So yeah, this is your typical traditional asset manager fear mongering, but I found this article most interesting because it includes a side by side comparison chart of volitility for BTC, ETH, Ripple and tradition assets, stocks and gold.  We already know how volatile it is, but had never seen a side by side comparison like that.

    Remember, though, the word volitity has a connotation when talking about investments, but it goes both ways.  Highly volition assets can “explode to the upside”, too. 

    At least this BlackRock asset manager does appear to acknowledge that Cryptos may eventually become mainstream. 

    https://www.cnbc.com/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.html

    The media sometimes like to overly sensationalize something because they think that would make the readers or the viewers more interested on them. However, I still do think that this are based on facts despite what the headline would say and I think that thy have a point in regards to how the Cryptocurrency market is currently on its state now where people who are already inside the bitcoin community are in fear for their investment because of how colatile this cryptocurrencies can be
    Y U MAD AT ME

  • Semaj123
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    February 28, 2018, 08:23:58 AM
     #24
    Quote from: metenjean on February 27, 2018, 07:29:51 AM
    Its just normal reason, economist started to fear crypto because of the volatility movement of it because in investment there is no "one night billionaire investing", all of the investment and portfolio are made of steady gain and relying not on momentum alone, the more volatile the movement of an investing instrument the more danger it possess. But the more risk an investment made, there also the more gain and profit opportunity it has. But because people can't predict the future, the unknown about when the price will burst from a bubble made economist more likely to avoid bitcoin investment.  Grin
    Economist already feared about btc from the moment it has given a value. So, as the years gone by crypto is keep evolving which is also creating a more fear for the economist. We can  accept the fact that not all people believe in crypto so we can expect a lot of issues especially about spreading fud. Well, its almost 10 years since crypto has been created and I don't think it will be eliminated. Crypto has now being able to stand with stronger foundation which is supported by big investors.

  • Nerman
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    February 28, 2018, 08:31:07 AM
     #25
    Quote from: magneto on February 28, 2018, 06:19:14 AM
    Quote from: HashFace on February 27, 2018, 04:19:34 AM
    So yeah, this is your typical traditional asset manager fear mongering, but I found this article most interesting because it includes a side by side comparison chart of volitility for BTC, ETH, Ripple and tradition assets, stocks and gold.  We already know how volatile it is, but had never seen a side by side comparison like that.

    Remember, though, the word volitity has a connotation when talking about investments, but it goes both ways.  Highly volition assets can “explode to the upside”, too.  

    At least this BlackRock asset manager does appear to acknowledge that Cryptos may eventually become mainstream.  

    https://www.cnbc.com/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.html

    I don't see anything wrong with what he is saying here.

    Especially if you are margin trading, or just flat out speculating on bitcoin, you should only invest what you can afford to lose. And that's excellent advice for any newbie to bitcoin, don't look at it as something of a short term investment that will flip your money. Instead, you should at least get a basic understanding of why bitcoin is important to the health of our economy and why it's so revolutionary and be prepared to hold your BTC for the long term.

    He actually said this as well:

    Quote
    We see cryptocurrencies potentially becoming more widely used in the future as the markets mature. Yet for now we believe they should only be considered by those who can stomach potentially complete losses

    What he really means is probably that BTC, if you are just using it as an investment, should only be added to a diverse portfolio, which you can afford to invest in. The quote by CNBC is out of proportion and makes it seem like he's a bitcoin hater.

    I agree, as an asset manager he understands that investing in crypto currency market is riskier than investing in a traditional market like stocks. He just want people to know that in a high volatility market like crypto that losing everything can always happen.

    Bitcoin does not need to go to zero for you to lose everything if you are emotional and you have weak hands most likely you will sell on price drop and buy on price rise which is the fastest way to lose all your money.

  • Maddinson100
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    February 28, 2018, 03:35:39 PM
     #26
    Quote from: Pursuer on February 27, 2018, 07:17:04 AM
    every time there is a drop, everyone on the internet becomes an expert and start giving financial advice. and it is always 90% crap, specially right now that price drop is over and it is mostly in consolidation phase, and I would even say this may be a very big accumulation while whales buy more and more bitcoin in this range be fore a shoot up starts.
    I would like to react on this, as it is not like this exactly, because people on this platform are from different parts of the world with different educations and understanding about the crypto currencies, they just want to analyse the situations according to their knowledge and understanding and it doesn’t mean that they are enforcing their views on other. Bitcoin price fell in recent past and that was also predicted on this platform earlier and now if there are any other potential threats then they all will be discussed. Yes you are right that most of those potential threats do not harm the bitcoin, but that doesn’t mean that we turn our eyes close towards that part.

  • keycellko
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    February 28, 2018, 04:43:38 PM
     #27
    With any investment, not just in crypto, you have to be prepared to lose it. Investments will always be risky, all the more with the volatility of bitcoin. If its money you can't afford to lose then don't put it in. There's never a guarantee of profit in bitcoins.

  • redhondaxrm125
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    March 01, 2018, 03:40:34 PM
     #28
    Quote from: HashFace on February 27, 2018, 04:19:34 AM
    So yeah, this is your typical traditional asset manager fear mongering, but I found this article most interesting because it includes a side by side comparison chart of volitility for BTC, ETH, Ripple and tradition assets, stocks and gold.  We already know how volatile it is, but had never seen a side by side comparison like that.

    Remember, though, the word volitity has a connotation when talking about investments, but it goes both ways.  Highly volition assets can “explode to the upside”, too. 

    At least this BlackRock asset manager does appear to acknowledge that Cryptos may eventually become mainstream. 

    https://www.cnbc.com/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.html


    Wow, thanks for giving an effort in sharing this man. I must say, this truly is very horrific. Damn, Imagine losing all your investments and profits you have heavily worked hard for. But man, I really don't care anymore, I am surely gonna go all or nothing on cryptos, this is a better gamble than being on casinos. Been through hard drops, pretty sure I can take some losses knowing I have enjoyed being in the crypto world for quite some time.

  • tung06081989
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    March 01, 2018, 03:45:21 PM
     #29
    i think only need: we beleive crypto market it will no dead,have many people like and don't like btc and crypto,but crypto will futrue of world

  • heisenberg0000
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    March 02, 2018, 07:49:19 AM
     #30
    Quote from: HashFace on February 27, 2018, 04:19:34 AM
    So yeah, this is your typical traditional asset manager fear mongering, but I found this article most interesting because it includes a side by side comparison chart of volitility for BTC, ETH, Ripple and tradition assets, stocks and gold.  We already know how volatile it is, but had never seen a side by side comparison like that.

    Remember, though, the word volitity has a connotation when talking about investments, but it goes both ways.  Highly volition assets can “explode to the upside”, too. 

    At least this BlackRock asset manager does appear to acknowledge that Cryptos may eventually become mainstream. 

    https://www.cnbc.com/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.html
    Every investment is a possible bubble at a certain point. This guy just provided a more decent documentation that wanted to cause a FUD towards bitcoin. Even I acknowledge that bitcoin might fail someday, this would not be happening anytime soon. Please try to see the market cap of bitcoin and see how much money is invested into it. He is also pointing out that not to put all your eggs under one basket when it comes into investing into crypto. 

  • xhoondilan
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    March 02, 2018, 07:54:59 AM
     #31
    I find the statement interesting. For most of the people will just invest and thinking that their money will profit anytime soon and not acknowledging the possibilities to loss their money. Doing this for me is like a gambling. I put my money and I'm ready if I don't get it back.

    Just think about this "the higher risk the higher the return" But "don't put all your eggs in one basket"

  • sollahp
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    March 02, 2018, 08:33:02 AM
     #32
    Quote from: xhoondilan on March 02, 2018, 07:54:59 AM
    I find the statement interesting. For most of the people will just invest and thinking that their money will profit anytime soon and not acknowledging the possibilities to loss their money. Doing this for me is like a gambling. I put my money and I'm ready if I don't get it back.

    Just think about this "the higher risk the higher the return" But "don't put all your eggs in one basket"

    Newspaper: Where can you push up or down !!!
    Why do I say that? You can see when many articles push a celebrity up, say good things about them, promote them, praise them, and a few days later swear them, say they are bad people, push them down Huh??
    So where is the truth !!! Not only in normal life, but in the crypto currency market too, why are the newspapers saying Bitcoin dead Huh?
    Not too hard for the $ 1,000 you already have a newspaper to write your name on the front page, and the rich Bitcoin leverage newspapers to squeeze the price to buy more bitcoin at a cheap price?
    All is just the run of the tycoon!

  • dinnerk
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    March 02, 2018, 08:48:27 AM
     #33
    Quote from: Ozero on February 27, 2018, 05:35:35 AM
    Yes, while no one can tell exactly how the process of developing the Crypto currency will end. I admit that bitcoin may fall for some, even a long time, but I believe in the necessity of the existence of altcoyins, which became very necessary for us with you, as they really improve our life and make it more convenient and safe.
    Cryptocurrencies may be affected by the environment and the price will drop, but I believe they will be back in 2018 and will be the blockchain and cryptocurrency year.

  • orka39
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    March 04, 2018, 12:48:41 AM
     #34
    Quote from: Ozero on February 27, 2018, 05:35:35 AM
    Yes, while no one can tell exactly how the process of developing the Crypto currency will end. I admit that bitcoin may fall for some, even a long time, but I believe in the necessity of the existence of altcoyins, which became very necessary for us with you, as they really improve our life and make it more convenient and safe.

    If crypto will be ending, its all of them include altcoin will die.
    Cryptocurrency is never safe because its high risk behind the huge prifit so i dont agree that cryptocurrency is safe.

  • Abigail.Parsons
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    March 04, 2018, 12:50:35 AM
     #35
    Cnbc told their viewers to buy ripple 2months into its run up and the next day it crashes. What can we take from this? Don't listen to cnbc
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