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I can't invest in a low-risk mutual fund without reading five or six notices. They explain, "Past performance is not a guarantee of future results...There is ri
by hawkharris 12y ago
I can't invest in a low-risk mutual fund without reading five or six notices. They explain, "Past performance is not a guarantee of future results...There is risk associated with this investment...etc..."
Why shouldn't companies that encourage consumers to invest in Bitcoins disclose all the related risks? Granted, I'm thinking mostly of certain Bitcoin exchanges that pitch Bitcoin as a smart option for personal finance and savings. Still, companies about doing X with Bitcoin are based on this premise.
Bitcoin aficionados will see this is a boring or unpopular sentiment,but bear in mind that I'm not saying Bitcoin isn't a good investment. My argument is that, from an ethical standpoint, the discussion of risk and volatility should be built into the way Bitcoin-related startups communicate.
If Bitcoin gets me to work in the morning, what happens when the value of my investment drops by 50%?
- rockyleal 12y agoAs I type this reply, the counter says parent comment is 15 minutes old. It is the top comment right now. Why on earth? It is an off-topic comment! Is it because anti-Bitcoin sentiment is popular? Or is it because on HN the top comment must always be negative, even if off-topic, for some weird bias of the community?
- pmorici 12y ago"I'm thinking mostly of certain Bitcoin exchanges that pitch Bitcoin as a smart option for personal finance and savings" Can you cite a specific legit exchange that does that I can't think of any. "If Bitcoin gets me to work in the morning, what happens when the value of my investment drops by 50%?" This sort of sentiment is looking at it for what it was not what it will be.