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Topic: Another wall street idiot, this time, Jordan Belfort calls bitcoin a fraud. - page 2. (Read 1353 times)

full member
Activity: 364
Merit: 107
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. 
sr. member
Activity: 756
Merit: 294
Bitcoin doesn't care how many criticisms and critics are there but it doesn't talk like an idiot. It is doing it's job and the value will do the talk. The mainstream are showing supporters and critics about Bitcoin but people will fully understand why Bitcoin is a talk of the world.

Right mate. I also even think that those news against bitcoins are just manipulative ways to dictate the price of that bitcoin on that particular period and when it goes down, big investors will be buying like freenzy and position themselves in a comfortable profit in the following days, months, or years to come.
sr. member
Activity: 519
Merit: 250
Bitcoin doesn't care how many criticisms and critics are there but it doesn't talk like an idiot. It is doing it's job and the value will do the talk. The mainstream are showing supporters and critics about Bitcoin but people will fully understand why Bitcoin is a talk of the world.
sr. member
Activity: 1190
Merit: 256
It always happens, the price of Bitcoin is currently High, they need a cheap entry point.
This is just a way to shake some weak hands.
full member
Activity: 126
Merit: 100
This is always expected as another Billionaire throws away negative views on Bitcoin. We can this maybe another FUD to turn the Bitcoin value down as we can see that BTC value today is surging. And they need to take advantage of it.
sr. member
Activity: 756
Merit: 294
Wall street idiots don't have a proper knowledge on what bitcoin is, they don't do their damn homework and say whatever bull shit comes to their mind. Don't consider their opinions, consider it as an illiterate dumbass who knows nothing at all about bitcoin trying to explain bitcoin, it's just a waste of time for you.

They may even have hidden agenda - they want to destroy temporarily bitcoin (with in mind that it can recover anytime soon) and then buy bitcoin as much as they can and when the price bounce back, they already have in a pretty good position.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
Wall street idiots don't have a proper knowledge on what bitcoin is, they don't do their damn homework and say whatever bull shit comes to their mind. Don't consider their opinions, consider it as an illiterate dumbass who knows nothing at all about bitcoin trying to explain bitcoin, it's just a waste of time for you.
sr. member
Activity: 260
Merit: 250
snack of all trades
Don't believe what famous people say. Maybe they just wanna get their purpose. If they say something is bad, proprably they had buy "put opinion" before. Cool
sr. member
Activity: 756
Merit: 294
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.”
Seriously? Easily steal by hacking? how about banks? they also can be hacked through credit cards which often happens today. Jordan Belfort is making a statement about Bitcoin without fully understanding what it is all about, does he know anything about blockchain technology? and why people should listen to this man who have been in prison because of manipulating the stock market, running a penny stock scam and money laundering.
The thing is that if your credit card gets hacked, it's usually no problem for the credit card company to reverse the payments.
With Bitcoin, it's just impossible and you're relying on the efforts of law enforcement to get your coins back (never happens).

I can see why people who have a poor understanding of technology consider Bitcoin to be unsafe. For them it probably is.

Make sense. That is why we need to do all efforts to make sure that our bitcoin wallets and all our bitcoin-related transactions must be safe from scammers that are roaming around the web. I was once a victim of fraudster and I have learned my lessons pretty well.
legendary
Activity: 1792
Merit: 1283
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.”
Seriously? Easily steal by hacking? how about banks? they also can be hacked through credit cards which often happens today. Jordan Belfort is making a statement about Bitcoin without fully understanding what it is all about, does he know anything about blockchain technology? and why people should listen to this man who have been in prison because of manipulating the stock market, running a penny stock scam and money laundering.
The thing is that if your credit card gets hacked, it's usually no problem for the credit card company to reverse the payments.
With Bitcoin, it's just impossible and you're relying on the efforts of law enforcement to get your coins back (never happens).

I can see why people who have a poor understanding of technology consider Bitcoin to be unsafe. For them it probably is.
member
Activity: 217
Merit: 14
Usually they say that to manipullate the market and buy At a lower price. That way the get more profit
That might be the true fact. To make profit these guys used to reveal statements and manipulate as they hold a huge volume of bitcoin. The same develops panic among the users and leads to selling and the same will be used as an opportunity to invest at the lowest price.
full member
Activity: 196
Merit: 103
Usually they say that to manipullate the market and buy At a lower price. That way they get more profit
full member
Activity: 306
Merit: 100
This is so funny, he is addressing bitcoin as a scam where he himself is being accused of frauds. Clearly based on his statements, this guys knows nothing on how bitcoin works. He is so ignorant about it specially on the wallet thing. The multi million dollars scammer is addressing bitcoin as a scam, a scammer busting something that is not really a scam, the guy is so jealous.


sr. member
Activity: 756
Merit: 294
full member
Activity: 490
Merit: 106
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.”
Seriously? Easily steal by hacking? how about banks? they also can be hacked through credit cards which often happens today. Jordan Belfort is making a statement about Bitcoin without fully understanding what it is all about, does he know anything about blockchain technology? and why people should listen to this man who have been in prison because of manipulating the stock market, running a penny stock scam and money laundering.
sr. member
Activity: 882
Merit: 282
We should be expect more of this attack as a lot FUD is going to be created this time around in other to bring bitcoin price down. Bitcoin is not a fraud and we all know this includes those make that comments. We can not denying the fact that bitcoin in future is going to take the jobs of bankers and wall street guys and they are not going to fold they hand to allow that to happen.
sr. member
Activity: 254
Merit: 250
https://www.soar.earth/
why we must care such person. like jp morgan ceo. suck
sr. member
Activity: 420
Merit: 250
Why would anyone in right mind listen to anything this person has to say? I don't want to judge him but he documented his moral stance in his book.
full member
Activity: 170
Merit: 100
Very interesting statement. If this person believes that the bitcoin problem is in the safety of his storage ... It's ridiculous. I think the security of the crypto-wallet is much more reliable than many banks of any country. A two-track system for authentification, code words, double passwords, alerts ... And this is not the whole list of all degrees of protection.
I think the point is that they want to create a negative image around bitcoin by any means. Otherwise, it is impossible to explain those strange things that were claimed.
jr. member
Activity: 163
Merit: 1
ICOForums.net - A Cryptocurrency & ICO Forum
people like these come and go.There are many people against bitcoin who should says it is a fraud but never believe them.These are just rumors to decrease the price of bitcoin.
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