Another wall street idiot, this time, Jordan Belfort calls bitcoin a fraud.

8Habits

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Quote from: Kprawn on December 18, 2017, 11:53:59 AM

I know several of people who lost money on credit card fraud and/or online Banking being hacked, so does that mean that I

can call the Banks and their technology a FRAUD? These Wall Street Fiat slaves will never learn about Bitcoin, because they

live in a little Bubble of protection. Their investments are done in a cosy safe environment and they have no clue what real

financial freedom are. It will only take ONE major hack for them to realize how vulnerable their investments are. Angry

Wow I could not agree more with you mate. That is a good and fresh angle to look at and attack these kind of people who say something bad about bitcoin and are so confident to say that only fiat money to use in investing the only way and safe to do it.

Kprawn

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I know several of people who lost money on credit card fraud and/or online Banking being hacked, so does that mean that I

can call the Banks and their technology a FRAUD? These Wall Street Fiat slaves will never learn about Bitcoin, because they

live in a little Bubble of protection. Their investments are done in a cosy safe environment and they have no clue what real

financial freedom are. It will only take ONE major hack for them to realize how vulnerable their investments are. Angry

8Habits

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Quote from: Singwala on December 13, 2017, 01:07:31 AM

Actually we should not listen to those who sell think that bitcoins are scams, frauds because we know the truth. We do not have to influence what they say because we have our own knowledge. So let's not ignore them. Because they're even more popular. And it will make hoax news just so popular.

There are 3 kinds of people that are against the idea of bitcoin: 1. they want it badly to come in and invest but it is too expensive and thus they are trying to manipulate and inject the fear so holders will sell and if the price goes down, it will buy bitcoin; 2. the one that get so jealous that friends are making a fortune with bitcoin; and 3. people that just doesn't care.

Singwala

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Actually we should not listen to those who sell think that bitcoins are scams, frauds because we know the truth. We do not have to influence what they say because we have our own knowledge. So let's not ignore them. Because they're even more popular. And it will make hoax news just so popular.

MMA

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Quote from: 8Habits on December 11, 2017, 12:10:33 AM

Quote from: Nilda on December 05, 2017, 05:57:25 AM

Jordan Belfort is just paranoid on what people like him can do a system that is still not government regulated. Take it from a guy who spent time in the joint. But I doubt if he himself will stay away from bitcoins.

That is right mate, he must have bitcoin secretly right now because the future of bitcoin is really bright for all who have a hold of it. The more he says bad about bitcoin and publish it in the price, I think the more he will accumulate more when the price goes down.

Its old fashion now companies with huge capital manipulates market before buying bitcoin for the only reason to enter in market with maximum number of bitcoin in minimum price. Majority of these kind of people are either bankers or stockbrokers. In past one the banker attacked and manipulated bitcoin market. His company was found on top to gain the benefits of low price. Now it’s a stockbroker this time trying to do some good for himself. I am sure this same trick will work no more, the manipulators has to find new tricks in order to break confidence of bitcoin users.

randzzz

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Reminder: "Jordan Ross Belfort is an American author, motivational speaker, and former stockbroker. In 1999, he pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam."

8Habits

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Quote from: PossibilityMiner on December 11, 2017, 07:54:41 PM

Quote from: 8Habits on December 11, 2017, 07:03:40 PM

Quote from: Bitcoin_trader2016 on December 11, 2017, 12:52:25 AM

Bitcoin was not that easy to steal from the owner if your realy not a careless person bitcoin is unhackable currency specialy if you have a offline wallet like trezor wallet or even online wallet like blockchain wallet no one can hack bitcoin. This man was clearly want the bitcoin price will fall again and he will buy more and more bitcoin so that he will get rich doing this propaganda.

Nothing is really that safe online as even big companies that hold bitcoins are being hacked and lost lots of bitcoin. Recent hacking event is with nicehash whose bitcoins deposited where stolen by hackers.

Well exchanges, pools, etc have to keep a certain amount online to keep things flowing. One could of course argue that some of them keep too much accessible. The average joe can simply have a cold storage wallet if you want to go extreme security. Pretty hard to hack that provided it is created from a clean machine.

if you are already advance holder of bitcoin, you can always find a way to safeguard your coin and it is really not that of a concern already. However, newcomers are concern and so particular about this.

PossibilityMiner

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Quote from: 8Habits on December 11, 2017, 07:03:40 PM

Quote from: Bitcoin_trader2016 on December 11, 2017, 12:52:25 AM

Bitcoin was not that easy to steal from the owner if your realy not a careless person bitcoin is unhackable currency specialy if you have a offline wallet like trezor wallet or even online wallet like blockchain wallet no one can hack bitcoin. This man was clearly want the bitcoin price will fall again and he will buy more and more bitcoin so that he will get rich doing this propaganda.

Nothing is really that safe online as even big companies that hold bitcoins are being hacked and lost lots of bitcoin. Recent hacking event is with nicehash whose bitcoins deposited where stolen by hackers.

Well exchanges, pools, etc have to keep a certain amount online to keep things flowing. One could of course argue that some of them keep too much accessible. The average joe can simply have a cold storage wallet if you want to go extreme security. Pretty hard to hack that provided it is created from a clean machine.

8Habits

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Quote from: chacha66 on December 11, 2017, 07:06:52 PM

How is this guy not in jail still?? Last I heard he was pulling scams teaching farmers how to farm in Australia !!
Im not making this up .It was on ABC or something, getting loads in government grants. This boy has balls , ill give him that but the only people interviewing this criminal should be the Australian coppers .
Put him on the Barbi !!

lol. I will check the news on that. To be honest, I also don't like what he has done because I sold my coins at very low price because of that. I was too scared and I hate him so much because at some sort, he was like manipulating the price of coin and who knows he might buoght bitcoin that time.

chacha66

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How is this guy not in jail still?? Last I heard he was pulling scams teaching farmers how to farm in Australia !!
Im not making this up .It was on ABC or something, getting loads in government grants. This boy has balls , ill give him that but the only people interviewing this criminal should be the Australian coppers .
Put him on the Barbi !!

8Habits

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Quote from: Bitcoin_trader2016 on December 11, 2017, 12:52:25 AM

Bitcoin was not that easy to steal from the owner if your realy not a careless person bitcoin is unhackable currency specialy if you have a offline wallet like trezor wallet or even online wallet like blockchain wallet no one can hack bitcoin. This man was clearly want the bitcoin price will fall again and he will buy more and more bitcoin so that he will get rich doing this propaganda.

Nothing is really that safe online as even big companies that hold bitcoins are being hacked and lost lots of bitcoin. Recent hacking event is with nicehash whose bitcoins deposited where stolen by hackers.

Bitcoin_trader2016

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BITCOIN TRADER 2016

Bitcoin was not that easy to steal from the owner if your realy not a careless person bitcoin is unhackable currency specialy if you have a offline wallet like trezor wallet or even online wallet like blockchain wallet no one can hack bitcoin. This man was clearly want the bitcoin price will fall again and he will buy more and more bitcoin so that he will get rich doing this propaganda.

8Habits

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Quote from: Nilda on December 05, 2017, 05:57:25 AM

Jordan Belfort is just paranoid on what people like him can do a system that is still not government regulated. Take it from a guy who spent time in the joint. But I doubt if he himself will stay away from bitcoins.

That is right mate, he must have bitcoin secretly right now because the future of bitcoin is really bright for all who have a hold of it. The more he says bad about bitcoin and publish it in the price, I think the more he will accumulate more when the price goes down.

Nilda

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Jordan Belfort is just paranoid on what people like him can do a system that is still not government regulated. Take it from a guy who spent time in the joint. But I doubt if he himself will stay away from bitcoins.

lenj

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Bitcoin does not cares with one person opinion and it cares the positive comment from more orhers.
This is i think very bad trick to make price down and he will try to buy from behind the wall.

khaled0111

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Quote

Belfort called Bitcoin a fraud and said that “the biggest problem I see from Bitcoin, and why I would never buy it, is because they can easily steal it from you through hacking. I know people who lost all their money like that.”

I am sorry but this is not a convincing argument, and I am surprised how the “Wolf of Wall Street” can say something as stupid as that.
The best thing to do is to stop listening to these arrogant people. After all? what they say have no impact on bitcoin (no permanent impact).
We all remember Jamie Dimon calling bitcoin a fraud, and what happened then!! Bitcoin price upwarded.

Kingofbitcoin12345

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Belford and Dimon has one in common,, no common sense.. It’s a September event that makes the dip to 2800$ when this CEO Jamie make this kind of comment that the intention is obvious,, to make cryptocurrency be destroyed but nothing happened then this Belford agree to this man and said the same thing.. If this was true then this 11000$ price is just an imagination of us,, this is what happen to CEO with self interest.. Insanely hypocrites..

8Habits

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Quote from: Ingaynnaad on November 20, 2017, 08:32:15 PM

Most likely he did not buy bitcoin in time and now he regrets

If that is the case, yes. This guy is a good investor and a good trading investor and a very skilled trader, they have these skill sets to be able to determine and sometimes "may" manipulate things our so that they can get in in the ideal price position for them.

Ingaynnaad

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Most likely he did not buy bitcoin in time and now he regrets

8Habits

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Quote from: Nerman on November 13, 2017, 07:43:22 PM

He maybe an expert on stocks but he has no knowledge how Bitcoin or blockchain works. He also has a record of taking advantage of people so he is the fraud not Bitcoin. He is likely trying to make the Bitcoin price drop so he can have a nice entry point on Bitcoin. Their strategy are to obvious, bash when the price drops buy.

You have it right there mate. I also suspect that he was doing it to bitcoin and with all of these publicities and press releases so that it will affect the price of bitcoin to go down and he can then enter and buy bitcoin at cheaper price.

Topic: Another wall street idiot, this time, Jordan Belfort calls bitcoin a fraud. (Read 1296 times)