Thursday, November 23, 2017

Calling out Motley Fool's "Bitcoin Expensive To Keep Safe" BULLSHIT

This article gave me cancer.

Cute disclaimer of "If you're not technologically inclined....".


Q: How much does it cost to store bitcoin safely?
A: Between $0 to $110.

How? A free paper wallet.

Doesn't feel safe that it's on a piece of paper?

Encrypt it with a BIP39 passphrase.
Laminate it.
Make a copy.

Not good enough?

How about $100 for one that is made out of metal, which is fireproof, waterproof and shockproof?

Not user friendly enough?

How about $110 for hardware wallet that you can just plug into your computer?

Not to mention the multitude of options for software wallets for both your computer and handphone that you can download for FREE.

Not to mention multi-sig options as well.

Recap:
$0 - Paper wallet
$0 - Handphone Software wallet
$0 - Computer Software wallet
$100 - Actual Hard wallet
$110 - Hardware wallet

I'm legit annoyed by this bullshit. 

Now, do you want to get real cancer?

You can buy their "Crypto Edge" guide for $249.


AND GUESS WHAT? THEY WILL TEACH YOU HOW TO STORE CRYPTO IN THEIR GUIDE!

I WONDER IF THE METHOD THAT THEY TEACH IS GOING TO COST 15 TIMES MORE THAN GOLD. HMMMM.

Dafuq.


Jeez.

I guess whatever sells their "guide", right?

Cancer.
Pure Cancer.
Stage 5 Cancer.

Here's to calling out bullshit, especially for the people that should know better.


Keeping it real,

GMGH

10 comments:

  1. Lol did u ever see their appearance on cna money mind before ?

    ReplyDelete
    Replies
    1. I've ever attended an event where David was the speaker. I didn't think it was too bad.

      But ugh, these kind of articles damn gross.

      Shameful.

      Delete
  2. This is pure entertainment. thanks, lol.

    ReplyDelete
    Replies
    1. Please come back often for more of this grade of humour, hah.

      Delete
  3. i like your gifs. never fail to crack me up .. haha..

    btw, MF used to be ookay... i find their in house analyst articles quite alright to read.. . but david, man...thats a different thing all together..
    now its just bad. keep spamming about their duno what "gold/preimum" membership.. they sound so desperate...

    ReplyDelete
    Replies
    1. Thanks foolish, I try to keep the gifs top notch :P

      I thought after moving into crypto MF wouldn't haunt me, but it looks like they are following me until I die, ahaha

      Delete
  4. A friend of mine was so pissed as the companies they recommended came straight from the STI index like a row of ducks...

    ReplyDelete
    Replies
    1. Best not to listen to the recommendation of others wholesale and add own analysis. I guess they also are "safe" if they recommend blue chips lol.

      Delete
  5. I don't like that fool word( motley fool). All their post sound great on the title, in the end , last paragraph, they will tell you that they leave the answer with you. If so smart should be buying stock, not calling other to give them tuition fee.

    If bit coin go to the moon, they will be the real fool Everything in life is bubble, even for dotcom too. Some of them turn our genuine business and go on to prosper. I think it will be the same with cryptocurrency.

    The real question is not when the bubble will burst, the real question is who will be the one who hold the baby when the music stop. Just make sure you don't be the last guy.

    The bubble is still a long way from bursting, join in before it is too late.

    I read this line , forgotten where, It state the best time to buy bitcoin was in 2009, the next best time is NOW. Good luck.

    victor

    ReplyDelete
    Replies
    1. Hi Victor, I'm personally curious what sort of cryptos they recommend, but only on a superficial level. From my experience, the personalities that shill coins the hardest, usually have really bad picks. In crypto where there are no centralized authorities, it's always best to do own research and verify from multiple sources. These kind of blanket recommendations are very dangerous to listen to.

      Delete

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