Topic: Abra CEO and founder Bill Barhydt now sees Bitcoin as a store of value. (Read 341 times)
October 25, 2020, 03:52:37 AM
Abra is well known cryptocurrency wallet that founded by Bill Barhydt. Although, I used it frequently. I am really satisfied when I use that wallet. I think, what he has mentioned is just complementing to bitcoin. We all know that the best cryptocurrency that we can store our value is bitcoin. He just promoting bitcoin to the people because what he markets was listed or in its wallet already. We will more surprise if the founder of BCH do it.
October 24, 2020, 08:57:28 PM
He's a CEO of a wallet/exchange app for cryptocurrencies what would you expect him to say about his own industry? They obviously won't talk about bad things about their own products cause it will be bad for their businesses. So I would really consider these types of of statements coming from business owners and CEOs as something without any weight because you won't really expect their words to have no kind of bias in them as it will always have.
Yes, Bill Barhydt was a founder/CEO of one of the crypto wallet that's why he would never utter against cryptocurrency. It does sound as an advertisement to cryptocurrency though it may never weight on the huge break through of cryptocurrency but it make sense that those founders were having a good statement for their own products and businesses of course. He must show a support to its product to be able to get or attract investors. 
October 24, 2020, 08:35:01 PM
And now this tweet coming from Bill:
https://twitter.com/billbarhydt/status/1319690483367510016
And the reason according to him?
(a) Fundamentals
(b) Technicals
(c) Sentiments
https://twitter.com/billbarhydt/status/1319690483367510016
And the reason according to him?
(a) Fundamentals
(b) Technicals
(c) Sentiments
July 19, 2020, 06:43:52 AM
I do not really know the figure of Bill Barhydt, but my statement about Bitcoin as a store of value strongly agrees. Therefore collect
Bitcoin must be done from now on, if it is postponed, of course the price will go up soon and will be sorry for not buying it soon.
I am sure Bitcoin will soon break the price of resistance, then it will return to the price of $ 10,000. If you see the development of
Bitcoin from being created until now it has been proven to be a store of value.
Bitcoin must be done from now on, if it is postponed, of course the price will go up soon and will be sorry for not buying it soon.
I am sure Bitcoin will soon break the price of resistance, then it will return to the price of $ 10,000. If you see the development of
Bitcoin from being created until now it has been proven to be a store of value.
July 19, 2020, 06:13:54 AM
Who is Bill Barhydt and why should we care about his opinion regarding Bitcoin?
I kinda disagree with his statement that Bitcoin "will become more uncorrelated to the traditional investing markets over time".There's no proof that this theory will actually happen
I kinda disagree with his statement that Bitcoin "will become more uncorrelated to the traditional investing markets over time".There's no proof that this theory will actually happen
As the title says, he is the CEO of a company called Abra. I can't say anything negative or positive about the company, but I see that they have been around since 2014 and that they deal with cryptocurrency investment services.
Bitcoin really can’t be considered a safe haven by some people, but for all those who invest long term BTC has proven to be a very good store of value. When I say long-term then I mean a period of at least 5 years, which we can observe in the context of 2010-2015 and 2015-2020, and except for the end of 2017 when only the inexperienced invested, BTC definitely proved above all expectations.
The period in which we live shows that almost nothing is resistant to global disturbances, and that it can lose value in the short term - so if gold that enjoys a great reputation and trust loses 6% in value, what to expect from BTC, which has a very modest market cap and very small user base?
I personally do not trust banks, brokers, stocks, and in the gold market there are large manipulations in the form of fake gold - so BTC is my choice when it comes to store of value.
July 18, 2020, 03:44:28 PM
He's a CEO of a wallet/exchange app for cryptocurrencies what would you expect him to say about his own industry? They obviously won't talk about bad things about their own products cause it will be bad for their businesses. So I would really consider these types of of statements coming from business owners and CEOs as something without any weight because you won't really expect their words to have no kind of bias in them as it will always have.
July 18, 2020, 02:22:34 PM
Having initially been quite sceptical Bill Barhydt has now come out and proclaimed that he agrees on Bitcoin being a store of value by stating that "today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time".
As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
It’s good that a lot of people are starting to realize Bitcoin as a store of value. A noob was asking me if Bitcoin is a store of value and when I gave him a yes as an answer, he said if it was a store of value why then does the price drop.As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
I brought out my smartphone and opened a Bitcoin chart and showed how the price has been moving for a decade now and told him to imagine if he invested in all those years it definitely would have been a store of value for him and he would have made huge profit as well. At last he had no other option than to agree.
Majority of the people think short term, that’s why they don’t see it as a store of value. If they would look at it for a long time, they will agree.
July 18, 2020, 01:29:05 PM
Honestly,if you check or have read about Bill Barhydt background you'll understand that theres nothing to be surprised about the statement he made about bitcoin before and now.
Honestly, i can't see the importance of what Mr Bill have said before and now, and can just admit that he ignored many facts before to announce his opinion. A cryptographer can't really admit if something is a real store of value or not, this is the role of the economists.From bitcoin early days, it was used like any normal currency as: unity of count, exchanged between individuals, and a store of value. So anybody thought like Mr Bill, he is either an ignorant of what a currency is, or leaded by a non biased ideology .
July 18, 2020, 10:12:58 AM
I see the same thing just like what CZ has been saying about bitcoin. Obviously, Abra is a crypto exchange app so the CEO should really like bitcoin and he could be one of the individuals that are holding not just hundreds but thousands of bitcoin, I have no idea how many he has.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
It not every individual that's into bitcoin are in it for the potentials and i can assure 70% are into it for profit but the issue of Abra CEO caught by surprised but i have learnt acouple of years that people can go extra miles just to achieve their own purposes without thinking of the consequences or have affection for those that will be affected.I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
With that been said, we cant know the reason behind his negative statement about BTC but it clearly for selfishness purpose.
I see the same thing just like what CZ has been saying about bitcoin. Obviously, Abra is a crypto exchange app so the CEO should really like bitcoin and he could be one of the individuals that are holding not just hundreds but thousands of bitcoin, I have no idea how many he has.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
Right, they will always says positive things about bitcoin because that is where their business evolves. So this is short of calling them shills for bitcoin, specially coming from a CEO. And not just Bill Barhydt, but you will hear a lot of high profile people very optimistic about it, but if you are going to check them out, they are hedge fund managers or have companies that deals directly with crypto so we shouldn't be surprised by this kind of statements.
July 18, 2020, 09:44:17 AM
Having initially been quite sceptical Bill Barhydt has now come out and proclaimed that he agrees on Bitcoin being a store of value by stating that "today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time".
As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
He isn't wrong though. Bitcoin is more suitable to be used as a store of value rather than a regular currency that can be used for day to day transaction. At least for now. How weird would it be to wait for a like an hour for your cup of coffee just because the transaction isn't being confirmed. Or how about paying more in transaction fee than your regular coffee? Unless something new comes up that will significantly reduce transaction time and fees without compromising the main protocol of bitcoin, then it is better used as a store of value. As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
July 18, 2020, 08:10:42 AM
Honestly,if you check or have read about Bill Barhydt background you'll understand that theres nothing to be surprised about the statement he made about bitcoin before and now.
Honestly, i can't see the importance of what Mr Bill have said before and now, and can just admit that he ignored many facts before to announce his opinion. A cryptographer can't really admit if something is a real store of value or not, this is the role of the economists.
July 18, 2020, 06:20:11 AM
Having initially been quite sceptical Bill Barhydt has now come out and proclaimed that he agrees on Bitcoin being a store of value by stating that "today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time".
As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
Who is Bill Barhydt and why should we care about his opinion regarding Bitcoin?
Any link to the interview,where he share his opinions?
I kinda disagree with his statement that Bitcoin "will become more uncorrelated to the traditional investing markets over time".There's no proof that this theory will actually happen.The 2020 stock and crypto markets were moving in the same directions following the corona crisis,which proves that,in times of a recession,Bitcoin can't be used as a safe heaven and there's a close direct correlation between all markets.
It's good to know that the power of Bitcoin is able to turn skeptics into believers,but those believers might turn again into skeptics after another big BTC price crash.
July 18, 2020, 04:17:08 AM
Wasn't the original idea of Abra all about remittances primarily? If that is the case then in many countries with pisspoor currencies Bitcoin is a better bet than what they have locally, though most will still prefer the good old dollar if they could get their hands on it.
For elsewhere even among existing owners I doubt many feel that way. Many will be after dollars primarily too, ideally more than they put in in the first place.
For elsewhere even among existing owners I doubt many feel that way. Many will be after dollars primarily too, ideally more than they put in in the first place.
July 18, 2020, 04:13:03 AM
Having initially been quite sceptical Bill Barhydt has now come out and proclaimed that he agrees on Bitcoin being a store of value by stating that "today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time".
As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
This is all very uncertain. While Bitcoin doesn't always correlate with, say, S&P 500, there's been the highest level of correlation ever in 2020. As for Bitcoin being a store of value, it's clearly not a good one with the fall what happened in the middle of March. I mean, it recovered afterwards, but for people who want to keep their wealth safe it's probably too much stress. Oh, and stocks recovered as well, so that would mean that putting wealth into BTC would not have made sense in this situation. If this global economic crisis somehow brings the end to fiat, then Bitcoin would be a store of value worth considering, but for now it does not seem to be nearby. As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.
July 18, 2020, 01:28:43 AM
He's making way to generate money and expose abra in the crypto market to compete with others. It is a market strategy to catch attention.
https://cointelegraph.com/tags/abra.
What would likely to say that Abra needs more public exposure as the competition get stronger and to get benefit from this. Bill actually sees the possible huge market adoption at this time and that it needs to be recognized first. And that is why they have this https://cointelegraph.com/news/abra-garners-5-million-from-stellar-development-foundation in preparation for the incoming surge.
Bill is doing right and that it helps a lot as an open-eye for those who haven't know yet about crypto, about Bitcoin.
https://cointelegraph.com/tags/abra.
What would likely to say that Abra needs more public exposure as the competition get stronger and to get benefit from this. Bill actually sees the possible huge market adoption at this time and that it needs to be recognized first. And that is why they have this https://cointelegraph.com/news/abra-garners-5-million-from-stellar-development-foundation in preparation for the incoming surge.
Bill is doing right and that it helps a lot as an open-eye for those who haven't know yet about crypto, about Bitcoin.
He needs to play well, as mentioned competitions are everywhere preparing for
much better business is a must.
If he's now out and voicing his opinions, the company will reached those who are not
aware of it's existence.
Time to revealed what future for this investment assets will become in this coming
future.
July 18, 2020, 12:54:07 AM
in other words he still doesn't understand bitcoin because bitcoin is a currency first and a store of value second. in other words it is a SOV because it is a currency. besides whenever CEO of whatever business that has something to do with cryptocurrencies keeps making a crappy statements like what this dude has been doing, their goal is just to get the name of their business in crappy news sites and be repeated in social media, like what you did here, and hope for some additional popularity and revenue that way.
July 18, 2020, 12:44:07 AM
I see the same thing just like what CZ has been saying about bitcoin. Obviously, Abra is a crypto exchange app so the CEO should really like bitcoin and he could be one of the individuals that are holding not just hundreds but thousands of bitcoin, I have no idea how many he has.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.
Right, they will always says positive things about bitcoin because that is where their business evolves. So this is short of calling them shills for bitcoin, specially coming from a CEO. And not just Bill Barhydt, but you will hear a lot of high profile people very optimistic about it, but if you are going to check them out, they are hedge fund managers or have companies that deals directly with crypto so we shouldn't be surprised by this kind of statements.
July 17, 2020, 06:56:07 PM
He's making way to generate money and expose abra in the crypto market to compete with others. It is a market strategy to catch attention.
https://cointelegraph.com/tags/abra.
What would likely to say that Abra needs more public exposure as the competition get stronger and to get benefit from this. Bill actually sees the possible huge market adoption at this time and that it needs to be recognized first. And that is why they have this https://cointelegraph.com/news/abra-garners-5-million-from-stellar-development-foundation in preparation for the incoming surge.
Bill is doing right and that it helps a lot as an open-eye for those who haven't know yet about crypto, about Bitcoin.
https://cointelegraph.com/tags/abra.
What would likely to say that Abra needs more public exposure as the competition get stronger and to get benefit from this. Bill actually sees the possible huge market adoption at this time and that it needs to be recognized first. And that is why they have this https://cointelegraph.com/news/abra-garners-5-million-from-stellar-development-foundation in preparation for the incoming surge.
Bill is doing right and that it helps a lot as an open-eye for those who haven't know yet about crypto, about Bitcoin.
July 17, 2020, 06:40:41 PM
I'm not surprised about it, of course he will say that because he is the founder of an exchange that is trying to make money here.
However, it seems that the US SEC has deemed that they are operating an "Unregistered Security-Based Swap Transactions".
https://www.sec.gov/news/press-release/2020-153
However, it seems that the US SEC has deemed that they are operating an "Unregistered Security-Based Swap Transactions".
https://www.sec.gov/news/press-release/2020-153
July 17, 2020, 06:30:24 PM
Honestly,if you check or have read about Bill Barhydt background you'll understand that theres nothing to be surprised about the statement he made about bitcoin before and now.
Honestly, i can't see the importance of what Mr Bill have said before and now, and can just admit that he ignored many facts before to announce his opinion. A cryptographer can't really admit if something is a real store of value or not, this is the role of the economists. Jump to: