Topic: Bitcoins labelled a gambling device - page 4. (Read 13215 times)
How can bitcoin be likened to a gambling device do we now play games on the bitcoin as a currency, the fact is bitcoin is a machine that is run by different components and all working toward the same direction. But were we are heading and were we will be in the future is unknown to all of us.
All cryptocurrencies in general may be considered as a some kind of gambling. And only markets like BTC and ETH are a small exaption simply because they are more mature than the others. But the other shitcoins and the way people trade them are surely may be considered as gambling. I've already seen many people around this forum (especially somewhere around trading sections) that are buying like 10+ shitcoins and waiting until they get lucky and at lest one of those shitcoins will moon like it was for example with ETH. IMHO that's a pure gambling.
Depending on the content of the heart, if someone does not like bitcoin, they will think bitcoin is gambling and even consider it a ponzi scheme. No need to think dizzy with other people's words, and most importantly your own belief in bitcoin.
A hundred percent agree. People are free to speak their mind and it is common thing that there are always pro and cons on everything in this world. In this case, Warren Buffet is indeed a well known experienced investor but it is not a reason to trust what he says. If we believe that bitcoin is good then we should not care when there are some others says the opposite.
Seconded, whatever an expert, influencer, known personalities say, you will have your own opinion about things. It is their own opinion and it doesn't really imply that you must have the same as them. You can use their opinion as an idea or something to compare your idea with, but in the end, you will stick with what you think.
I don't know warren buffet that much but i think the reason why he sees bitcoin as a gambling device because it doesn't make money, and it contains alot of risk compare to traditional stock, his opinion about bitcoin is irrelevant for me, but i can't really blame him of how he views it.
Depending on the content of the heart, if someone does not like bitcoin, they will think bitcoin is gambling and even consider it a ponzi scheme. No need to think dizzy with other people's words, and most importantly your own belief in bitcoin.
A hundred percent agree. People are free to speak their mind and it is common thing that there are always pro and cons on everything in this world. In this case, Warren Buffet is indeed a well known experienced investor but it is not a reason to trust what he says. If we believe that bitcoin is good then we should not care when there are some others says the opposite.
Depending on the content of the heart, if someone does not like bitcoin, they will think bitcoin is gambling and even consider it a ponzi scheme. No need to think dizzy with other people's words, and most importantly your own belief in bitcoin.
The community has started ignoring Mr. Buffet's advice on bitcoin. It's true that he is indeed a legendary investor himself and also a admirable businessman. But without any disrespect to him, he can't be right in everything! He has his own expertise and he is great at it but when it comes to cryptos, he is an avid naysayer! He will keep on saying the same thing over and over again and it wouldn't have any impact on the market!
However, I am surprised that the article also talks about his investment in Paytm and StoneCo Ltd because none of these companies are anywhere related to blockchain or cryptos. They are strictly payment processors and uses fiat money with few additional benefits. But since GooglePay came into the picture, Paytm is loosing their market share very significantly! But they are nowhere related to crypto market!
However, I am surprised that the article also talks about his investment in Paytm and StoneCo Ltd because none of these companies are anywhere related to blockchain or cryptos. They are strictly payment processors and uses fiat money with few additional benefits. But since GooglePay came into the picture, Paytm is loosing their market share very significantly! But they are nowhere related to crypto market!
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
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