PayPal is the biggest POS ever. I use Bitcoin at numerous retail outlets and I make many online purchases with it. SOunds like Paypal is about to be replaced. Bye Bye. I have never witnessed a bigger bunch of thieves than those guys.
Topic: Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value - page 2. (Read 1103 times)
August 23, 2018, 06:17:56 PM
August 23, 2018, 06:16:08 PM
Bitcoin offered something new in this world which is decentralised currency, and no matter what the person said, bitcoin had helped so many people and it had given profit to a lot of people, some people just jealous of bitcoin success, no other investment able to rise faster than bitcoin
August 23, 2018, 05:33:56 PM
Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says
Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims — that it's instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it — it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.h
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He can say what he can say but records served as evidence that bitcoin is so quiet, as the number 6 currency in the world and has value as you can say on the chart it is still dominating. It is not just easy to have a part of it unless you have a big capital . If you are so efficient , resourceful and patient to receive rewards from any bitcoin projects or if you had saved a lot of altcoin in exchange to bitcoin then you will be lucky to have. In that way you will understand that bitcoin is worth as a mode of payment by your hardwoks.
Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims — that it's instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it — it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.h
[/quote
He can say what he can say but records served as evidence that bitcoin is so quiet, as the number 6 currency in the world and has value as you can say on the chart it is still dominating. It is not just easy to have a part of it unless you have a big capital . If you are so efficient , resourceful and patient to receive rewards from any bitcoin projects or if you had saved a lot of altcoin in exchange to bitcoin then you will be lucky to have. In that way you will understand that bitcoin is worth as a mode of payment by your hardwoks.
August 23, 2018, 04:31:15 PM
Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says
Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims — that it's instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it — it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.html
The real question is what is he receiving to make those kind of claims? I am sure that a person like him is smart enough to see that bitcoin has problems like any new technology but that it is slowly solving them, this tells me that he is being intellectually dishonest about this, but it does not matter at the end we are going to be proven right and he is going to be proven wrong. Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday.
"The cult of bitcoin [makes] many claims — that it's instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things," Harris said on CNBC's "Fast Money."
Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen."
Harris said Tuesday that bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."
"We've got digital currencies. And we've got digital currencies that are more stable, more widely accepted and have intrinsic value. We've already got it — it's called the dollar, the yen, you name it," Harris said.
The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility, which "alone makes it useless as a payment mechanism and ridiculous as a store of value," Harris said.
"There has to be something underpinning it," he said. "Bitcoin makes no revenue, no profitability."
Bitcoin climbed more than 1,300 percent in 2017 to nearly $20,000, then lost almost half its value in the first three months of 2018. Bitcoin dipped below $6,000on Tuesday for the first time since June, before paring some losses to trade near $6,114 as of 6 p.m. EST, according to CoinDesk.
Some cryptocurrency enthusiasts and investors have attributed the sell-off to kickback from Securities and Exchange Commission activity. The SEC moved to delay a decision on the VanEck SolidX Bitcoin Trust ETF on Aug. 7, after it rejected a separate ETF proposal from Cameron and Tyler Winklevoss on July 26.
https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.html
August 23, 2018, 03:22:53 PM
Bitcoins core function is to serve as a payment method but it is the greed of investors seeking a safe haven for their money that has make bitcoins now as a store of value cum investment asset, which is wrong.
August 23, 2018, 02:50:36 PM
Another clever in the crypto currency, which simply defends their interests and is very interested in the fall of bitcoin. Why do I tsytat and be interested in any emissions in the media.
It's been a long time since a normal person understood - that the media is all manipulation and nothing else.
It's been a long time since a normal person understood - that the media is all manipulation and nothing else.
August 23, 2018, 02:43:26 PM
For it's current down market price BTC fsces many criticissm like that and maximum of these come from BTC's rival. But BTC will be increase in future and it will be able to stop all criticism like these.
August 23, 2018, 02:08:52 PM
This is old news actually. But for the retrospect, it will be better to give the spotlight to people like Harris who have nothing but acid in their mouth about BTC.
August 23, 2018, 01:51:28 PM
Anyone can say any kind of thing from his thoughts. But there is my trust in Bitcoin, I think other investors like me are also fully trust on it. And investing their investment and trading by believing in Bitcoin.
August 23, 2018, 01:51:10 PM
Harris is famous for his hate towards the market, especially the BTC. It will be just better for us to avoid this guy and not to say any heed to what he says.
August 23, 2018, 01:01:43 PM
No one can throw out the possibility of Bitcoin in the current situation. Because digitalization is the most important in this modern world and Bitcoin is doing the job. So, people have the highest confidence in bitcoin.
August 23, 2018, 12:52:03 PM
Why is Bitcoin falling due to ETF, so ridiculous . There is no definite conclusion at present, whatever may happen, Bitcoin prices will increase in the future . It will make more profits to investors by raising prices by more than $ 16,000.
August 23, 2018, 12:44:11 PM
The bitcoin users know the true value of it. So whatever Harris tells does not effect on them. He will say anything to keep track on his business. So it’s better to not take his discussion seriously
August 23, 2018, 09:00:52 AM
As an investor of Bitcoin, I would never say that Bitcoin is totally nothing in the payment system. It has good value in the field of store value and as well as for the payment system.
August 23, 2018, 04:43:33 AM
I saw bitcoin value is keep remaining on a stable price while many altcoins fee drop in the market. Some times I assume that paypal and other payments are gateway it will be swapped by bitcoin and cryptocurrency.
August 22, 2018, 05:34:58 PM
It is obvious he will say that because when bitcoin will be accepted worldwide with no transaction fee all the companies like pay pal will fall for sure. This is the main reason the CEOs of these companies are spreading rumors now.
August 22, 2018, 05:11:43 PM
This is absolutely a wrong and very old news. The CEO of Paypal is known to be hater of bitcoin. And he has told so many times before that the bitcoin is useless. If the bitcoin were useless then people off course didn’t show such interest. So, it’s better not to bother about his statement.
August 22, 2018, 05:04:25 PM
bitcoin price are down now that does not mean it is end. it will come back and it will increase price. you just wait for a good time. if you analysis the past year bitcoin price list you can guess this. it will go more than$10000.
August 22, 2018, 04:38:55 PM
He's literally saying here that USD is a good long term store of value. That's how absurd his entire argument is. His motivation for saying all this is obviously because of his links to Paypal, imo, even though he's not the CEO anymore.
I don't know about you guys, but I would definitely take bitcoin over any sort of fiat currency if I was to hold my wealth in something in the long run. Fiat currencies are centrally controlled and it has been demonstrated over and over again in history that the government will continue to be debasing the monetary supply, leading to depreciation.
Bitcoin on the other hand, is decentralized, and has an absolute limit on its supply - something that fiat currencies never has or will have. That itself debunks the argument that bitcoin is not a store of value. It is - and it is much better than fiats.
I don't know about you guys, but I would definitely take bitcoin over any sort of fiat currency if I was to hold my wealth in something in the long run. Fiat currencies are centrally controlled and it has been demonstrated over and over again in history that the government will continue to be debasing the monetary supply, leading to depreciation.
Bitcoin on the other hand, is decentralized, and has an absolute limit on its supply - something that fiat currencies never has or will have. That itself debunks the argument that bitcoin is not a store of value. It is - and it is much better than fiats.
August 22, 2018, 03:15:08 PM
bitcoin are now decrease their price. but it will go upward. ETF does no effect to fall down price. it is following liquidity thats why here anything can happen.it will be increasing price as early as possible more than $8000 in the end of this year.
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