Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 21/07/2017, 01:45:22 UTC
...

So raking in millions of USD from Steem is fine, but you wag your finger at people who want to promote Monero? The Monero Project can't achieve its goals if it remains unknown. If it isn't promoted heavily, it will be marginalized, and shit tier alternatives like Zcash will succeed instead.

So please don't feed us your line of "oh it's morally unacceptable to promote Monero to people because there are risks".

I never told anyone what to do or not do. What I said was, effectively, that telling people (who are not not extreme speculators and most are not) to not buy Monero is often good advice, and people (such as fluffypony) who want to continue to say that are well-justified in doing so.

There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

If you want to shill Monero or anything else, you don't need my permission, nor can I stop you.

Quote
Every investment carries risk, as well as potential rewards proportional to that risk

That's mathematically and logically incorrect, although 'potential' is a kind of meaningless term since it says nothing about how likely that reward is to be a realized. Many trading strategies have high risk but do not have high expected rewards; they are just bad strategies that lose money (or at a minimum risk it without compensation). Occasionally high rewards can be achieved without high risks (for example, my rewards in Steem were achieved while risking essentially nothing). Your understanding of trading is overly simplistic and naive. All the more reason advice from you is likely to be dangerous.