Some Fiat Financial advisors are such hypocrites when it comes to Bitcoin

[Sterbens]

Because that's their heinous task in providing bad food for society. Do not be surprised that Bitcoin has become commonplace among the people and they can already distinguish what Bitcoin really offers. Despite the fact that they launched a bad attack from a financial point of view, we can see Bitcoin adoption in every country increasing. This means that there is no significant influence from annoying chatter by people who do live on paper inflation. In short, what is being discussed is simply not wanting the money to go out without the knowledge and supervision of the state financial agency.

[Finestream]

So, next time when you see those financial advisors on TV bad mouthing Bitcoin, think of the things I mentioned above.

I do not think members of the forum would be much bothered about such talk shows or rants, neither are they the target audience. Such naysayers usually target individuals who are not savvy on Bitcoin and who have become so into the traditional system and playing it extremely safe (even though that poses risks).

And I'm not too bothered about such talks; I have a weird opinion that it might actually be good for those who listen to it; If one would blindly believe a TV guest without doing their own research then maybe they should not be into Bitcoin at all, as they would sell out at the slightest bear threat and blame whoever may have introduced them to it for their ruin.

Well, as long as bitcoin continue to be a threat to fiat, then expect that some financial advisors will always go against with bitcoin too, and i think we bitcoiners are used to it and does not find any relevance at all. So better ignore them for all we care. After all, its them that they miss the chance to experience what bitcoin has to offer, and luckily for us that we did not become close minded and now we almost experience financial independence with the help of bitcoin.

[Jody.Drummer]

In my opinion, there is nothing to take seriously about the interview of the state financial advisor on television. It will only be a fleeting and boring spectacle. People tend to turn on the TV for entertainment, and many who watch will be sicker of seeing financial advisors talk about Bitcoin. The proof of course we can see the impact after the interview? there isn't any

[The Cryptovator]

Who cares? Even I don't have time to see any kind of talk show lol. How would I hear their advice? They are fiat financial advisors and of course, they are doing their job. Nothing wrong, very rarely do they have knowledge about Bitcoin or they can't go against fiat. In a country, there won't be two currencies, to be honest. So fiat financial advisors should only focus on advice based on fiat.

However, we are alive in the Bitcoin world since we are active forum members. We don't need to hear the lecture from a fiat advisor nor its much useful for us lol. We believe in decentralization and Bitcoin, we will continue with that.

[Bitstar_coin]

You are so right about the No.3 on your list, btc or crypto investment is literally the simplest and easy investment I know of, before the cryptocurrency era, investment used to be for influentials and professionals mostly, not for anyone. But crypto changes all that and makes it easy for people from the grassroots to be able to invest.
And this simple yet important part of crypto is among the many reasons financial advisors won't speak good of btc because the number of clients has been reduced drastically.  People can invest comfortably without seeking the help of a financial expert.

[BlackHatCoiner]

So anybody buying it back then would have been taking a much bigger risk that anybody buying it today that bitcoin is 13 years old, has a strong network, is adopted in multiple countries as a legitimate currency and a legal tender in a country or two.

And more importantly, there are, now, much more resources to study and figure out what the hell is it. If you weren't into cryptography, programming etc., in 2009-10, you would have a hard time understanding what's bitcoin, what's the problem that it tries to solve and how.

Plus, how many of the 2010 Bitcoin holders held their Bitcoin up until today without ever selling?

Probably only those who forgot some sort of password and got access years later. We witness such cases every once in a while.

[goldkingcoiner]

Everyone wants to be an advisor, it would seem that way to me.

Unfortunately a lot people people don't have the know-how that every advisor needs and wants. A lot of them are just pretending to know something about anything and that casts a bad light on the real advisors who do know what they are talking about.

I think a lot of these fiat financial advisors who are hypocrites about Bitcoin are the first kind of advisors. Please do not pay them any attention.

A real financial advisor who understands Bitcoin would definitely be a coiner, themselves.

[hatshepsut93]

Broker and advisor is not the same. One can be an advisor without being a broker. And all the crypto youtubers and bloggers are technically financial advisors who promote shitcoins. Even if someone tells you to buy Bitcoin, you shouldn't instantly trust them. Some scumbags promote trading with high leverage or using shady exchanges that inevitably leads to huge losses.

[coolcoinz]

3. People do not need "expert" knowledge to invest in Bitcoin. You go to computer... navigate to a local Crypto exchange... open an account online and link the account to your Bank account. Then you wait for the price to drop and you buy some bitcoins.  

It doesn't change the fact that people sell this "expert" knowledge. Just look for people selling courses of how to invest in bitcoin or trade it. They tell you it's easy because this line goes there and this line goes there and there's a fib level over there. Then Musk decides it's time to dump it all and stop accepting it as payment or a shitcoin goes belly up and there goes your line.

Say you got into the game when a bitcoin was 10 cents, around October 2010. If you invested $100, you’d have been able to buy about 1,000 bitcoins. <=== $29 610 000 worth at today's value. What will you say in 12 years from now?

You talk to us like we're some doubters who see some clown on TV and get rid of our bitcoins because he said so. I've seen so many of these clowns. Last week I saw an article about some guy who in 2021 claimed we'd reach 400k USD now changed his mind and is saying that bitcoin will crash to 8k. Some people are just morons who know shit and like to show the world how clueless they are.
There's this saying that my father likes and it translates more or less like this: do you know why the bell is loud? Because it's empty.

[KingsDen]

Anti-bitcoin campaigns are very easy to shill out. There is nothing difficult about it. What the campaigner or crusader needs to do is to tell the people what they want to hear about fiat. Save and save and invest through people and companies and in the end the campaigner will bash bitcoin to summarize it.

If the so called financial advisors wants my credit, they should come with a very new concept that the people do nor know, like bitcoin and advice on it and let's watch it happen.

[Tellek Garing]

Members of this forum are well aware of the plots of these so-called financial advisers who do not know what finances are all about, they may choose to talk against bitcoin and other decentralized currencies sin7this currencies put them out of business just as you have mentioned.

They are lost out in the current happening as it regards investments and asset holdings.

[Gyfts]

Who cares? Even I don't have time to see any kind of talk show lol. How would I hear their advice? They are fiat financial advisors and of course, they are doing their job. Nothing wrong, very rarely do they have knowledge about Bitcoin or they can't go against fiat. In a country, there won't be two currencies, to be honest. So fiat financial advisors should only focus on advice based on fiat.

However, we are alive in the Bitcoin world since we are active forum members. We don't need to hear the lecture from a fiat advisor nor its much useful for us lol. We believe in decentralization and Bitcoin, we will continue with that.

These financial advisors have a lot of power. They're dictating where people put their money. The high net worth individuals are the ones that will seek out professional counsel on their finances. They're the ones that can afford it. So it's large volumes of money that are potentially being diverted because of traditionalists that are allergic to innovation. I've seen some financial advisors that would recommend high net individuals put some portion of their funds into crypto. This isn't a slight at them. They don't believe Bitcoin to be a currency so they treat it as digital gold. I'm okay with that. Others don't treat it as a currency nor a commodity.

[Fortify]

It has been a while now that I have been watching (FIAT) financial advisors on television being guests on talk shows or Breakfast shows talking down at Bitcoin, whenever they get a chance. This morning another so-called financial expert was invited to a breakfast show and he smashed Bitcoin as an investment option.

Now let's get behind the real reason for this :

1. Those so-called financial advisors (brokers) gets paid a fee to manage other people's money. Why would they promote Bitcoin investment, if people do not need them to trade Bitcoin?

2. They get commission on the financial products that are being sold to their customers. (They get nothing if you buy your own BTC)

3. People do not need "expert" knowledge to invest in Bitcoin. You go to computer... navigate to a local Crypto exchange... open an account online and link the account to your Bank account. Then you wait for the price to drop and you buy some bitcoins.  

4. They are also butt hurt, because Crypto currencies are not regulated to protect them.

5. The percentage that you invest in Bitcoin or Crypto currencies..are not available for them to invest in their investment options.

So, next time when you see those financial advisors on TV bad mouthing Bitcoin, think of the things I mentioned above.

A balanced portfolio should have a mix between "low" / "medium" / "high" risk investments.... and Bitcoin will fall within the "High" risk investment category .... so do not tell people to avoid it, because you cannot make money from them making their own investments.  

https://cointelegraph.com/news/at-8-990-000-gains-bitcoin-dwarfs-all-other-investments-this-decade

“It’s the best-performing asset of the last decade for sure,” said Daniel Polotsky, CEO of CoinFlip, one of the largest bitcoin ATM companies in the U.S.

Say you got into the game when a bitcoin was 10 cents, around October 2010. If you invested $100, you’d have been able to buy about 1,000 bitcoins. <=== $29 610 000 worth at today's value. What will you say in 12 years from now?

That is a pretty illogical and poorly thought out attack on financial advisors on behalf of Bitcoin. Professional and properly regulated financial advisors have a duty to keep peoples money reasonably safe ideally with a reasonable rate of return on investment. Any advisor that is worth their reputation should only have less than 5% of any individuals wealth in highly speculative assets, unless that person has told them to put much more money into it and are fully aware of the risks associated with that. We're talking about Bitcoin, which if someone had invested 100k into about a year ago, they would only have half the amount remaining now, but you sem to think of it as some infallible asset - it is extremely risky and not what sensible people should keep large amounts of their wealth in. It's easy to speculate when you have no money, as many people here might suffer from.

[uneng]

Financial advisors are economists who attend the demands and orders of the local establishment. Many of those guys live from income they make lecturing at big events sponsored by big businessmen, oligarchs and monopolists, which put them in evidence to be called by TV news to make appearances, what consequently also boost the sales of their books and works in general.

If these experts go against the interests of those who pay them, that is, to introduce common citizens to bitcoin as an acceptable and possible investment option, they will totally lose the financial support, reputation and status, being replaced right after for an expert else who accepts playing the establishment's game.

It's like being part of a club or of a group of friends for long decades, and suddenly turn against everything this group wants you to say and to believe.

[Ale88]

It has been a while now that I have been watching (FIAT) financial advisors on television being guests on talk shows or Breakfast shows talking down at Bitcoin, whenever they get a chance.

Are you really surprised by that? They always did it and they'll keep doing it. Some of them because are ignorant, others because get paid, and others because think the missed the opportunity so they hope the whole crypto world will fail so they can say "I told you". I really don't care anymore about people, I just feel a little sad for them for whatever reason they're doing it anyway.

[Asiska02]

This is something people are used to seeing nowadays. All these so-called (FIAT) financial advisors have been hovering the same thing about bitcoin for several years now as bitcoin is getting its stand in the world economy market. I believe they already know its advantages and they can’t just believe it is working out. It may look like they dislike it a lot but they’re all after their financial gains that they don’t get any more as bitcoin has stopped some of that. They wish bitcoin never exists.
Listening to what people say about a thing online and following them blindly is another thing that one should not blindly do. If you like an idea or innovation, you do more research about it and do your findings, only then you can be on the right path with others.

[savetheFORUM]

Well, this is not a surprise. Even within the same industry like Banking or Telecom, people of a particular institution will tell you their institute is better than the other because they want you to invest in theirs even while they are all providing the same or similar service. At the end of the day, whatever these guys say might not have any further negative effect on Bitcoin cos investors understands more and we don't expect them to praise Bitcoin in the first place.    

True. The same also with tv stations and radio stations. I always hear them say that they are the best but they didn't know that I already hear this word on the other channels/station. I guess the only way to prove if who really is the best is by trying them one by one. That's the only way to tell if who is lying and who isn't. In terms of the conflict between btc and fiat. Id say that we that are here, already tried both and we can say that both have their advantage and disadvantage.

There is no need for them to hate btc and say negative things to it or idk, maybe those people simply don't know what they are talking about and they didn't tried btc yet.

[Fatunad]

Well, this is not a surprise. Even within the same industry like Banking or Telecom, people of a particular institution will tell you their institute is better than the other because they want you to invest in theirs even while they are all providing the same or similar service. At the end of the day, whatever these guys say might not have any further negative effect on Bitcoin cos investors understands more and we don't expect them to praise Bitcoin in the first place.    

True. The same also with tv stations and radio stations. I always hear them say that they are the best but they didn't know that I already hear this word on the other channels/station. I guess the only way to prove if who really is the best is by trying them one by one. That's the only way to tell if who is lying and who isn't. In terms of the conflict between btc and fiat. Id say that we that are here, already tried both and we can say that both have their advantage and disadvantage.

There is no need for them to hate btc and say negative things to it or idk, maybe those people simply don't know what they are talking about and they didn't tried btc yet.

There would be always those people or institution which do really give out their negative feedbacks about Bitcoin or crypto as a whole whether it's intentional or totally opposes on the whole idea of it's existsnce.Well we do know about that common like of "you can't please anybody" which it is really that understandable that why it's better to ignore these people or company/platforms on any negative words Bitcoin yet we do value more on what we are currently seeing and experiencing.

[Falconer]

In my opinion, there is nothing to take seriously about the interview of the state financial advisor on television. It will only be a fleeting and boring spectacle. People tend to turn on the TV for entertainment, and many who watch will be sicker of seeing financial advisors talk about Bitcoin. The proof of course we can see the impact after the interview? there isn't any

They can talk whatever they want and so far I don't think they have had a negative impact on bitcoin user growth. They are too busy centralizing the financial system to possibly ignore anything that makes a decentralized financial system better. In fact I haven't watched a show like that in a long time and would probably be happy to move the channel if it suddenly started.

[KingsDen]

In my opinion, there is nothing to take seriously about the interview of the state financial advisor on television. It will only be a fleeting and boring spectacle. People tend to turn on the TV for entertainment, and many who watch will be sicker of seeing financial advisors talk about Bitcoin. The proof of course we can see the impact after the interview? there isn't any

They can talk whatever they want and so far I don't think they have had a negative impact on bitcoin user growth. They are too busy centralizing the financial system to possibly ignore anything that makes a decentralized financial system better. In fact I haven't watched a show like that in a long time and would probably be happy to move the channel if it suddenly started.

One thing these anti-bitcoin campaigners don't know is that the more they mention bitcoin for all negative things, is the more it propagates.
How I got to this knowledge is that whenever I hear of any investment, if I want to research about the investment, I will not use such keywords as "what is ...". Instead, I will say, is so so investment a scam?
It is through this search keywords that I will get to the review of the investment, positive and negative, honest and induced.
Such thing happens with bitcoin, when they talk bad about Bitcoin they make the wise to be more curious to know and in the process they will definitely find out the truth. They only decieve the unenlightened and the gullible.