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Topic: [2017-10-19] Russian Economic Official Just Said Bitcoin Is 'Worse Than Casinos' (Read 343 times)

full member
Activity: 658
Merit: 152
Mr. Ore skin must be doesn't know that people earn for 9 (!) years already and nobody yet loose everything, if only he wasn't cheated by some bad site or wallet. I don't want to listen his warnings due to I don't invest in Bitcoin nothing baddies a little part of my daily time and some payments for electricity and Internet. What can I loose? Nothing. So I am going to use Bitcoin as far as it brings me profit. I suppose many of users will agree with me.
Probably, these speakers have already started preparing public opinion to the fact that bitcoin is bad. After that, they will be in all the media screaming about the fact that you need to pay attention to government-backed cryptocurrency Crypto ruble. This is the only chance for Russia to attract investment. I talking heads do not believe and do not recommend to invest in Russian projects.
The thing is in that fact that in Russia bitcoin has been used for cheating people and some criminal schemes. People in this country stay not good educated about bitcoin and crypto, so they become an easy target for different types of scammers and normally they start to compare when they realize they were scammed. I think that is the main reason of why Russian government took such a negative position to bitcoin. They should fight with scammers but not with bitcoin indeed!
sr. member
Activity: 630
Merit: 272
Mr. Ore skin must be doesn't know that people earn for 9 (!) years already and nobody yet loose everything, if only he wasn't cheated by some bad site or wallet. I don't want to listen his warnings due to I don't invest in Bitcoin nothing baddies a little part of my daily time and some payments for electricity and Internet. What can I loose? Nothing. So I am going to use Bitcoin as far as it brings me profit. I suppose many of users will agree with me.
Probably, these speakers have already started preparing public opinion to the fact that bitcoin is bad. After that, they will be in all the media screaming about the fact that you need to pay attention to government-backed cryptocurrency Crypto ruble. This is the only chance for Russia to attract investment. I talking heads do not believe and do not recommend to invest in Russian projects.
hero member
Activity: 588
Merit: 500
Mr. Ore skin must be doesn't know that people earn for 9 (!) years already and nobody yet loose everything, if only he wasn't cheated by some bad site or wallet. I don't want to listen his warnings due to I don't invest in Bitcoin nothing baddies a little part of my daily time and some payments for electricity and Internet. What can I loose? Nothing. So I am going to use Bitcoin as far as it brings me profit. I suppose many of users will agree with me.
legendary
Activity: 3010
Merit: 1460
It is not worse than casinos for the people who know how to trade it. Its volatility is no worse than some securities in the stock market.

But he should not concern himself about the market around bitcoin and other cryptocoins. He should be focused on the technology and how it can help his country and his people. Sometimes arrogance makes a person think he knows everything. He is one of them, it might be the reason why he did not bother to look at the real value behind bitcoin.



In a talk at the World’s Festival of Youth in Sochi on Tuesday, Maksim Oreskin said bitcoin had characteristics that made it worse than casinos, state-backed Russian media outlet RT reported.

“As for bitcoin, if you look at how the value of this asset fluctuates, it’s dozens of percent up, then dozens of a percent down. An asset that can be available for an unqualified investor should not have such characteristics because it’s worse than casinos,” Oreskin said, according to RT. “First, you earn, then you will lose everything and be left with nothing,”


Read more http://fortune.com/2017/10/18/bitcoin-casinos/
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