6 ms·

Would it be banned if it was about AAPL or gold?

joe463369 5y ago
Yes. > Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate.
cunidev 5y ago
Most likely, yes.
boudin 5y ago
I'm quite sure actually. Every ads I've seen in the tube or ads for trading app has a clear warning text about the risks. This one has none and that's the problem, this is not about bitcoin itself.
paxys 5y ago
Considering how tightly traditional securities are regulated, that is quite likely. In fact, is such advertising even allowed? I can't recall ever seeing a "BUY $CORP" billboard in my life. All advertising even vaguely related to investing has half its time/space dedicated to disclaimers.
- jameshart 5y ago
  Certainly not always been the case. If you see Sid, tell him: https://www.youtube.com/watch?v=nedVpG-GjkE https://www.youtube.com/watch?v=nedVpG-GjkE
  - keymone 5y ago
    that is pure gold.
  - lupire 5y ago
    That ad says to get a prospectus, not "buy".
- Mauricebranagh 5y ago
  I have seen ads for investment trusts in the UK in railway stations, Janus Henderson in this case. That was a for an investment house not and individual security. I have had several of their trusts in my portfolio for decades now.
- MattGaiser 5y ago
  At least in Canada, venture companies frequently advertise their stock.
ncallaway 5y ago
From the article: > The Advertising Standards Authority (ASA) said the advert was misleading and left out important risk warnings. > Luno said the ads would not appear again and that future ads would feature an appropriate risk warning. > Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate. It sounds like if the AAPL or gold had advertising that flagrantly violated the rules, they would also be banned.
henvic 5y ago
At least with gold, you can make something with it. Bitcoin? If it goes down, you lose everything.
- laurent92 5y ago
  Bitcoin? Losing everything? - If a workaround is found to its cryptographic formula, it goes to zero immediately, - If quantum computing is invented, - If a government tightens the tax declarations about it, making it a pain for a lot of holders who would then look into liquidating en masse, - If EY wanted to squash ransomware (as France does, being #1 victim) and requires “source of wealth proof” for every BTC transaction, - If a country like US or China assimilates BTC to terrorism or evasion, since Iran has been found using it to circumvent petrol restrictions, since Chinese people use it to evade the country, any country could decide for any reason that BTC is illegal and provoke a mass sale.
- thebean11 5y ago
  Any real world uses don't really justify the price though. I bet it would be >90% cheaper without speculation.
  - chrisco255 5y ago
    That's true of every asset class, from real estate to stocks.
    - thebean11 5y ago
      Doubt. Stocks would not be 90% cheaper if they were valued as a series of time-discounted and risk-adjusted future cash flows.
      - chrisco255 5y ago
        Of course they would. The speculation of future growth and sustained growth is built into the price of all stocks. And if you think that's wild wait until you learn about derivatives.
mdoms 5y ago
Yes
rchaud 5y ago
Yes it would. "BTC" did not pay for the ad, a trading platform did. Trading platforms are required to warn customers about risk. This company has agreed to do the same going forward. Otherwise they could have just kept the ad up and let the regulator take them to court.

Yes. > Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate.

cunidev 5y ago

Most likely, yes.

boudin 5y ago

I'm quite sure actually. Every ads I've seen in the tube or ads for trading app has a clear warning text about the risks. This one has none and that's the problem, this is not about bitcoin itself.

paxys 5y ago

Considering how tightly traditional securities are regulated, that is quite likely. In fact, is such advertising even allowed? I can't recall ever seeing a "BUY $CORP" billboard in my life. All advertising even vaguely related to investing has half its time/space dedicated to disclaimers.

jameshart 5y ago
Certainly not always been the case. If you see Sid, tell him: https://www.youtube.com/watch?v=nedVpG-GjkE https://www.youtube.com/watch?v=nedVpG-GjkE
- keymone 5y ago
  that is pure gold.
- lupire 5y ago
  That ad says to get a prospectus, not "buy".
Mauricebranagh 5y ago
I have seen ads for investment trusts in the UK in railway stations, Janus Henderson in this case. That was a for an investment house not and individual security. I have had several of their trusts in my portfolio for decades now.
MattGaiser 5y ago
At least in Canada, venture companies frequently advertise their stock.

ncallaway 5y ago

From the article: > The Advertising Standards Authority (ASA) said the advert was misleading and left out important risk warnings. > Luno said the ads would not appear again and that future ads would feature an appropriate risk warning. > Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate. It sounds like if the AAPL or gold had advertising that flagrantly violated the rules, they would also be banned.

henvic 5y ago

At least with gold, you can make something with it. Bitcoin? If it goes down, you lose everything.

laurent92 5y ago
Bitcoin? Losing everything? - If a workaround is found to its cryptographic formula, it goes to zero immediately, - If quantum computing is invented, - If a government tightens the tax declarations about it, making it a pain for a lot of holders who would then look into liquidating en masse, - If EY wanted to squash ransomware (as France does, being #1 victim) and requires “source of wealth proof” for every BTC transaction, - If a country like US or China assimilates BTC to terrorism or evasion, since Iran has been found using it to circumvent petrol restrictions, since Chinese people use it to evade the country, any country could decide for any reason that BTC is illegal and provoke a mass sale.
thebean11 5y ago
Any real world uses don't really justify the price though. I bet it would be >90% cheaper without speculation.
- chrisco255 5y ago
  That's true of every asset class, from real estate to stocks.
  - thebean11 5y ago
    Doubt. Stocks would not be 90% cheaper if they were valued as a series of time-discounted and risk-adjusted future cash flows.
    - chrisco255 5y ago
      Of course they would. The speculation of future growth and sustained growth is built into the price of all stocks. And if you think that's wild wait until you learn about derivatives.

mdoms 5y ago

Yes

rchaud 5y ago

Yes it would. "BTC" did not pay for the ad, a trading platform did. Trading platforms are required to warn customers about risk. This company has agreed to do the same going forward. Otherwise they could have just kept the ad up and let the regulator take them to court.