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A Look Back At Motley Fool's Terrible Bitcoin Investing Advicewww.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/
1055 sats \ 28 comments \ @siggy47 1 Aug 2024 bitcoin
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248 sats \ 1 reply \ @0xbitcoiner 1 Aug 2024
Good call! Nearly all the 'myths' are busted. Ahahahah
  1. Bitcoin isn't really scarce
  2. It has a utility problem
  3. There's a low barrier to entry
  4. Few (if any) tangible means to value bitcoin
  5. Fiat currencies may work on blockchain
  6. Blockchain is years from being mainstream
  7. Fraud/theft is a serious issue
  8. There's no regulation
  9. The tax situation is a nightmare
  10. All bubbles eventually burst
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42 sats \ 0 replies \ @Undisciplined 1 Aug 2024
There's no regulation
Hahahahahaha! What a dope.
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127 sats \ 3 replies \ @SimpleStacker 1 Aug 2024
To be fair, I am starting to think that calling Bitcoin an "investment" is not the right use of the word.
In either use case of bitcoin, SOV or MOE, we would not call it an investment. We typically do not say that people "invest in gold" or "invest in the US dollar". People speculate on its price, but it is not an "investment" because it doesn't produce streams of value. I think this nomenclature is why so many tradfi folks get tripped up on Bitcoin, because they evaluate it through the lens of a traditional "investment" when it's not.
But that doesn't mean you shouldn't hold Bitcoin, just as it doesn't mean you shouldn't hold dollars or gold. In terms of Bitcoin, the speculative value is indeed very high because of its strong underlying characteristics as both a MOE and SOV, while adoption is still low. It also has inherent utility for some use cases, especially since it is a portable asset that's hard to confiscate and easy to move internationally. Just as it's wise to hold some fiat (e.g. for emergency spending), even though it's not a productive asset, it's also wise to hold some Bitcoin for the reasons listed above.
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21 sats \ 0 replies \ @jgbtc 2 Aug 2024
The concept of saving, setting aside money for the future and not investing, is completely foreign to most people at this point. That's why bitcoin is like alien technology to them. They can't figure out what to do it.
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54 sats \ 0 replies \ @Undisciplined 1 Aug 2024
Needlessly Pedantic Man approves of this message.
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0 sats \ 0 replies \ @Bell_curve 1 Aug 2024
Bitcoin has multiple functions People have different priorities
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67 sats \ 0 replies \ @IamSINGLE 1 Aug 2024
While they have proved wrong on every count, they must come up with an apology post if they are honest to journalism.
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152 sats \ 3 replies \ @BlokchainB 1 Aug 2024
lol I been using medium to expose motley fool. I been running an experiment showing that just buying bitcoin outperforms the stocks the suggest. I update it every quarter. This was my last update
https://boogs.medium.com/tbh-bitcoin-vs-motley-fool-who-wins-update-11-q3-year-3-20b6ff6717c7
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92 sats \ 2 replies \ @siggy47 OP 1 Aug 2024
This is excellent! I'm going to share it with my boomer friends. Motley Fool is like a religion for some people.
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21 sats \ 0 replies \ @BlokchainB 1 Aug 2024
Thanks! I was offered their product through a promotion so many years back. I am going to run this for 10 years to provide more proof that bitcoin is for saving!! Not the damn stock market.
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65 sats \ 0 replies \ @carlosfandango 1 Aug 2024
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115 sats \ 4 replies \ @grayruby 1 Aug 2024
Motley Fool rode of a wave of digitization and just had the wherewithal to never sell their winners. This allowed them to have absolutely massive gains in Amazon, Netflix, Nvidia etc and have sold subs off of that for the last 20 years.
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71 sats \ 2 replies \ @siggy47 OP 1 Aug 2024
I have friends who paid for those subs and thought they had found the holy grail.
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64 sats \ 1 reply \ @grayruby 1 Aug 2024
It was probably well worth it in the early days. Now they have a bunch of different people trying to pick the next nvidia and trying to create content for the subscribers.
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10 sats \ 0 replies \ @Bell_curve 1 Aug 2024
1997
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20 sats \ 0 replies \ @Bell_curve 1 Aug 2024
They became famous in 1997 or 1998
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64 sats \ 0 replies \ @OT 2 Aug 2024
I remember this one.
Its fun to look back sometimes. I wonder if they have come around yet.
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88 sats \ 0 replies \ @Coinsreporter 1 Aug 2024
Isn't it like the name they have, they have only hired 'fools'. Also, for Bitcoin news, I dont think that we got any real website in the MSM.
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65 sats \ 0 replies \ @kepford 1 Aug 2024
I like this at the end.
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $338,864!*
  • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $303,388!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,963!
Just checked something.
  • Bitcoin: if you invested $1,000 in 2014, you'd have $648,446!
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64 sats \ 0 replies \ @Chronicsats 1 Aug 2024
reminds me of that saying. A fool and his money are soon parted!
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64 sats \ 2 replies \ @Satosora 1 Aug 2024
I never thought Motley gave the best advice. There were a few articles that were good, from this samurai sam guy.
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20 sats \ 1 reply \ @Bell_curve 1 Aug 2024
I used to read his newsletter and podcast
Here is the gist: buy real estate in San Francisco and Hawaii
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21 sats \ 0 replies \ @Satosora 1 Aug 2024
He was also big on dividend and growth.
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43 sats \ 0 replies \ @JesseJames 2 Aug 2024
That didn't age well, besides why would you trust a fool? :-) It's right there in the name...jeez...
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43 sats \ 0 replies \ @TheMorningStar 1 Aug 2024
Are fools allowed to share advice on Earth? If they are, that's the worst of all things I've witnessed in my short stay here. This is even less than a piece of crap. I challenge them in the name of their God to do hell with their advice and live in ultimate ignorance.
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21 sats \ 0 replies \ @Satoshi__Nakamoto 1 Aug 2024
10 Reasons Bitcoin Is a Terrible Investment
Some point is totally abuserd here. This is totally bullshit. Although some is valid reason Overall I think bitcoin is good investment. What do you guys think comment below
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0 sats \ 0 replies \ @77edb424fc 1 Aug 2024 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 0 replies \ @NaOD 1 Aug 2024 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.