CNBC: Be “prepared to lose everything” in Cryptos

[HashFace]

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

[Ozero]

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.

[squatz1]

Regardless of who's saying it, when you're invested in something which is as volatile as crypto you should without a doubt be prepared to lose anything at any moment. This is why when people get invested into Crypto they say that you should already think of that money as lost and you should ensure that you can live without it, so once your in MAKE SURE YOU CAN LIVE WITHOUT THE CASH -- dont buy on margin, dont buy on ur credit card, etc.

I'm prepared to lose it all, are you?

[Wind_FURY]

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.

But if you are a trader, volatility is good whichever side of the trade. Long or short, if you know what you're doing you always make money. As opposed to something that is flat in the market. How do you make some money with 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. 

You can make profit on the "downside" too by shorting as I said above.

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

That means they do not know what to think of cryptocurrencies. They say "prepare to lose", then they say "it's the future". How can you lose if Bitcoin and some altcoins are the future of money?

[charlotte04]

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

If we can see it well, it is a possibility that it could happen, but someone a lot of people are now adapting it so maybe it will go up sometimes.

[Herbert2020]

i am sorry but that side by side comparison is bullshit because it is comparing apples and oranges.
first comparing bitcoin with traditional old assets such as gold and stocks is silly. if you want to compare then you at least have to compare today's bitcoin with 50-100 years ago gold, for example during the gold rush or something like that. but not with today's gold which is an ancient, established and HUGE market. bitcoin is a 9 year old infant which is being compared with a 1000 year old ancient!

second, comparing bitcoin with other altcoins such as ETH and XRP is wrong. both of these coins and other altcoins are 100 times more susceptible to manipulations and pump and dumps. plus prices of most of them like ETH are mostly controlled by their centralized investors such as big banks in the background. and the pump and dumps happening there increases the volatility that much

[MainIbem]

Cryptos are in their formative season. The processes or very abstract,  hence the apprehension. All these forecast of volatility are just the expression of doubt and adventure mixed together.

So many have come to accept bitcoin because its usefulness is more clearer now. This is what all cryptos will be soon.

[oddwh]

This can ben seen like an advice, so I don't see as wrong. We can lose all our investment in cryptocurrencies, and it doesn't require to see a bitcoin reaching 0 for that  

Investing in cryptos is a risky game that some people sometimes forget. Everyone must consider investing only what they can afford to lose, this is said everywhere on this forum but it's still the best advice, because yes, you can invest in something which will worth near 0 later.

About the graph showing price volatibility in the news, well, this is not surprising to see cryptocurrencies with an higher rate, haha. What do they expect ? Thet compare gold and cryptocurrencies, but this is not comparable. More the market cap is high, the less volatility will be, because with an higher market cap, you'll need much more money to shake the market. But this doesn't protect you against crashes.

[Ctn]

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

What a sarcasm! The same guy Goldman Sachs who said the bitcoin and other crypto currencies will go down to zero now has bought the Poloniex Exchanger one day ago under the agreement of Circle Corporation which is backed by him.

The same guy according to your news on 7th Feb speaks about the crypto currencies and its fall in the near future. So why would he do that? To create the panic chain reaction so that people will sell the coins and his newly bought exchanger will get huge profit form the fees? Sound like that is the plan?

Oh come on, never trust these big guys they always sucker punch themselves.

And please stop increasing the impressions of CNBC as well. Lolz.

[ionabori]

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.c[Suspicious link removed]m/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.html

I do not think that this is going to happen anytime soon. I agree that prices are volatile but if you are investing for at least 6 months, you will not see any loss for sure.

[talkbitcoin]

the article sounds more like an FUD than an honest investment advice.
an honest advice says you can lose everything in cryptos but doesn't pretend other assets are safe. and doesn't even include the comparison between the two markets in it.

[zander09]

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

What a sarcasm! The same guy Goldman Sachs who said the bitcoin and other crypto currencies will go down to zero now has bought the Poloniex Exchanger one day ago under the agreement of Circle Corporation which is backed by him.

The same guy according to your news on 7th Feb speaks about the crypto currencies and its fall in the near future. So why would he do that? To create the panic chain reaction so that people will sell the coins and his newly bought exchanger will get huge profit form the fees? Sound like that is the plan?

Oh come on, never trust these big guys they always sucker punch themselves.

And please stop increasing the impressions of CNBC as well. Lolz.

Maybe they do that for a simple reason and that is they want many people get panic so they sell their coin without knowing what is really the truth, that is one of the mistake of other people, they easily believe in fake news.

[audaciousbeing]

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

Reading the article, I can say the guy is a confused fellow and everything the article is all about are not new to someone who has stayed long enough in the crypto world. At this trying time of crypto currency, we don't need people who are conservative about it. If you want to say something on the positive say it and if you are against it, make your position known rather than sitting on the fence trying to protect yourself in case the situation goes side ways.

[jjacob]

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

This is not fear mongering. This is the maxim in crypto investing. Even long time holders know at the back of their mind, that there is a possibility that Bitcoin may become worthless. Although it is more probable that Bitcoin will become successful and appreciate in value.
This is also the advice I give to people who are looking to invest in crypto. Treat it like a small lottery and be prepared to lose everything.

[Addywealth]

In account ledger there is usually a provision for profit and loss so anyone who invest in CryptoFortune should expect that a time of loss will come and that mindset helps to prepare ahead and to avoid unnecessary panic. With the advancement of altcoins coming up daily i don't it crashing soon.

[Pursuer]

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.

[metenjean]

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. 

[Don Pedro Dinero]

Regardless of who's saying it, when you're invested in something which is as volatile as crypto you should without a doubt be prepared to lose anything at any moment. This is why when people get invested into Crypto they say that you should already think of that money as lost and you should ensure that you can live without it, so once your in MAKE SURE YOU CAN LIVE WITHOUT THE CASH -- dont buy on margin, dont buy on ur credit card, etc.

I'm prepared to lose it all, are you?

This. In general, you should only invest money you can afford to lose. That’s with any kind of investment, and the more volatile the investment, the riskier it is. But high risk comes with high rewards if the investment turns out well. This of all those who bought bitcoin at $1,000 or at 100, it was very risky back then as well.

[Wind_FURY]

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.

That's true. We have lots of them in the forum too, with yours truly also guilty of doing it. Hahaha.

But as person who has some "skin in the game", I plead for my right to express my views in a public forum whether they are right or wrong.

Although you are also welcome to express your own and disagree. That is where the learning comes in.

[magneto]

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:

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.