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Author Topic: [2014-09-06] We made the wrong call on buying Bitcoins  (Read 1148 times)
patricktim
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September 06, 2014, 11:55:24 AM
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http://www.vox.com/2014/9/5/6110897/we-made-the-wrong-call-on-buying-bitcoins

I ended up saying yes for a few reasons, and with a few conditions. First, Bitcoin is a large and liquid market that struck me as less like an individual stock and more like, well, a market unto itself. Second, the strange process of buying, holding and selling Bitcoins is, itself, part of the Bitcoin story — and it seemed to me there was value in understanding it, and even writing about it, firsthand. Third, we agreed that the value of the holdings would be capped around $2,000, so I didn't see this as an investment meant to generate personal financial gain. Fourth, we agreed that the holdings would always be clearly disclosed.

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cryptofan5
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September 06, 2014, 10:14:48 PM
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Why wrong call? It could be right in the long run. :-)
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September 06, 2014, 10:41:36 PM
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Why wrong call? It could be right in the long run. :-)
Need to read the article but tbh its just glorified FUD...
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September 06, 2014, 10:51:25 PM
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What did they expect? Bitcoin didn't gain 10,000% in a few months. It gained much more than that over the period of a few years. These things take time to mature.
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September 06, 2014, 11:01:24 PM
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10 years from now they will be living in regret.
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September 06, 2014, 11:02:08 PM
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From what I understand two writers from Vox bought some bitcoins, but decided that if they gain value they will write articles that promote Bitcoin and thus be more biased to write positive things.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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September 06, 2014, 11:04:34 PM
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From what I understand two writers from Vox bought some bitcoins, but decided that if they gain value they will write articles that promote Bitcoin and thus be more biased to write positive things.
Objectivity at its finest...

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September 07, 2014, 03:07:35 AM
 #8

Code:
Lee will be selling his Bitcoins,
I am guessing Lee has family members Wink

Looking to review Bitcoin / Crypto mining Hardware.
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September 07, 2014, 03:26:43 AM
 #9

WTF is Vox?  It's like Slate and Medium had a bratty love child and sent it to a pretentious design school for airheads.   Cheesy

Anyway, the entire premise that their readers cannot simply read the standard disclosure and parse out bias is obnoxiously patronizing.

They made the right decision initially, but got cold feet and reverted to their cowardly default position of learned helplessness.

Perspectives from BTC hloders and non-hloders are both valuable, but getting so far up your own ass about an artificial and self-imposed dilemma is such a first world problem.


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