Crypto ‘Won't Turn Out to Be a Complete Delusion' - page 4.

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Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

he gave his opinion, but my question is:

- Why does his opinion matter?

each person will always defend their own interests, the main point here is that cryptos not yet regulated in all the world and this makes the faces that are of the governments and banks and millionaires look cryptos with serious fears and are attacking bitcoin. If someone does not understand something and does not want to understand it and looks at it as a great enemy, then the person will criticize and speak ill of that thing. For example, some people in the banking industry and governments consistently say that cryptos are used to commit crimes, but these same people have never done a statistic where cryptos VS Fiat is compared and who has been used most to commit crimes

Eildosa

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I think that many public figures who spoke badly about bitcoin will soon change their opinion. Because I believe that in the future bitcoin will strengthen in our lives and everyone will use it. Accordingly, they will have no choice but to accept it.

baghdatis1990

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Crypto will revolutionize the world. The word "crypto" is increasingly popular and increasingly promoted this market. Many stores in different countries have already adopted the payment currency, Bitcoin. I really believe in Bitcoin and am convinced that the skeptics will believe in Bitcoin. Skepticism usually acts as a defense system for people, but with the passage of time, I think they will change their minds.

Halmater

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These people are like politicians and they just say what people want to hear. Most of them are very experienced in manipulation of financial markets and they think they have the power to control cryptocurrencies but they are wrong. Crypto currencies are unstoppable.

kryptqnick

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Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

It's nice to see some people changing their mind, but there are still lots of those who do their best to ignore accomplishments of cryptos and stress the 'bubble burst' in 2018. I also like it that Ferguson is against stable coins, because backing up crypto with fiat truly does not seem to be a viable long-term solution.

Quote from: Kakmakr on March 08, 2019, 01:03:56 AM

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse. Angry

I don't thini it's about age per se, it's more about experience. People who've done something rather successfully for a long time already developed their basic principles of doing that stuff. When something new comes around and requires a shift of views, they don't want to betray what made them successful so far.

Quote from: shamc on March 14, 2019, 02:40:10 AM

Widespread usage is making it unstoppable. When countries like Venezuela start using it as their main currency you know it has real world use and will never be blocked

I hope you're not talking about Petro coin know, because that government and its centralized currency are not trustworthy.

MFahad

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When i started to work with bitcoin,, then i read most of these type of articles, but mostly speculations are not come true. Now i work with bitcoin and i gain money from bitcoin. I think we should see what we are thinking about bitcoin and in market value. In my view, crypto is best now and also for future.

acheampong64

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Fact is that those people should've analyzed Bitcoin and crypto in a different perspective other than how traditional asset classes are examined. They did with their "old knowledge" forgetting that this millennial generation are already up to something big.
And this is just the beginning for all of them. They are really going to take back all their words for saying what they said. The future is bright for us.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: teejayrichard2 on March 13, 2019, 09:33:17 AM

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM.

JPM coin is a scam though if you look closely to it its only made for you to fund their own system rather that give anything to you for your future gains. Those who are investing in it will be allowing banks to remain empowered. Thereby these investors though feel like supporting an altcoin are actually degrading the bitcoin ecosystem a lot.

Quote

Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

Benefits of bitcoin is what we should be caring for. Not some billionaire-owned shitcoin which is being bagholded by several others in the same propaganda ring.

Nice publicity of bitcoin in the face of media though. We havent had such incidents much last year. Grin

shamc

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Widespread usage is making it unstoppable. When countries like Venezuela start using it as their main currency you know it has real world use and will never be blocked

Kimi80

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People maybe don`t understand things good but that shouldn`t be case whit economics and financial historian. They have reputation that have to keep, therefore obligation not to talk about something that are not sure about and if do not understand well, they shouldn`t make any comment on it. That is the reason why people should take statements from an experts with caution or reserve. It is always good to hear lots of different opinions but just to get informed, to help you create your own picture.
Maybe this man learn more about the subject and now can give his opinion from different angle. Maybe he has his own interest for presenting different opinion now. Imagine you are reading his statement from couple of years ago that is opposite than now. Now, you can find more experts at this moment talking about bitcoin in negative connotation and some people are taking those statements for granted. Two years from now, in 2021 they come out with different story... I`m just saying, maybe couple years from now he will say some other story again...
And crypto won`t turn out to be delusion

Ridwan Fauzi

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The bad preconception which they have revealed about bitcoin were they didn't know the concept or development a technology per day or per month correctly. But when they feel the conversion of the technology, later on they will full the word which has been disclosed and made a new statement to supports cryptocurrency. So, let them opine with what they have felt because the changing times will be accompanied by technological developments. Maybe someday all countries will accept cryptocurrency well because if they don't do that then technological development in their country will be left behind, typical of a country that still glorifies a ancestral belief.

Caladonian

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Quote from: teejayrichard2 on March 13, 2019, 09:33:17 AM

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM. Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

Which also can lead to more businessman to change their position about this chain, the system can be more developed and adopt by certain businesses and government institutions, is no longer the time of bubble thing or criminals safe ways but reality that blockchain is a big addition if executed well and make a good usage, the potentials are big and everything will turned into reality maybe some more years.

wxa7115

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Bitcoin is GOD

Quote from: omone1 on March 07, 2019, 06:32:52 AM

All nay sayers that once lambasted the bitcoin and Crypto are now gradually rescinding their statement after the crypto market continue to grow imapct the world, giving the traditional banking system a big concern. Infamous of all is my lovely brother Dimon Jamie, the CEO of JP Morgan. Change is inevitable we can't continue with this unfair financial system, where money is created from thin air just to enrich few and enslave the rest.

They have no other option but to withdraw their words, it was very easy to dismiss bitcoin as something that will never be successful, since they felt the economy was strong and bitcoin was weak, but now they are seeing that things are changing, despite the crash we suffered the market of cryptocurrencies is still worth 130 billion and the prospects for the future are very good but for the rest of the economy things are not looking good.

The most powerful countries around the world are indebted to levels that are unsustainable and banks and other institutions are still weak thanks the the previous crisis and finally they are still gambling in the market with financial products no one understands.

teejayrichard2

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Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM. Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

Ozero

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It's all about accepting or not accepting cryptocurrency by people. A crypto-currency will develop successfully if it is accepted and used by people. Without people who actively use cryptocurrency, it will be dead. While we can not say with certainty what is waiting for cryptocurrency in the future. Most likely, it will grow and develop. However, other scenarios are not yet excluded.

michellee

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I think those people don't realize what bitcoin can bring to them so they can say bad things about bitcoin. But after they see the benefits from bitcoin, they think, they are open their mind, and finally, they are accepting bitcoin. Crypto is not to threat fiat but it will help fiat in the financial business, so it's too naive to hear people say about bad things about bitcoin. I hope that soon, they all will know the truth of bitcoin and they will join in the crypto world.

vickycoin05

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Quote from: teejayrichard2 on March 08, 2019, 02:56:10 PM

most of the people who initially said bitcoin is complete delusion or just a bubble are beginning to understand bitcoin is beyond what they think. Only recently J.P Morgan having condemned bitcoin for long is now coming out with own cryptocurrency called JPM. That shows bitcoin has so much potential which the world is yet to realize and they are gradually doing that. I always feel excited when i see news about people like this who have spent time critising bitcoin come out to change their statements support bitcoin. Bitcoin is here to stay and more persons who spoke bad about it in the past will come to realize this with time.

Indeed, everyday we'll always looking forward for more great news with bitcoin and as we hope for that many challenges will came in. Don't be too emotional in case there's a provoking scenario that will attest you during fluctuating period of price. Cryptocurrency will not turn to be worthless, but in exact time there's big bomb that will blow out when bull run hits the target.

KingScorpio

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Quote from: Sandus_Cryptolover on March 07, 2019, 04:55:19 AM

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

it doesnt really matter what people say they all talk according to their agenda.

so its pointless to care

plvbob0070

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People usually doubt cryptocurrency such as bitcoin at first but when they get to know it more, they'll learn how it works and such. The difference is just they are popular and influential and when they say things, it becomes an issue. At first they will tell negative things about bitcoin and would go completely against it since they have the wrong idea about bitcoin but when they get to know more about it, they will realize it and admit they were wrong

coin-investor

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the first five years of Bitcoin people will think that it's a bubble because of the rate that people are adopting it and how price is skyrocketing, but after ten years, there should be a shift of mindset companies and big personalities are coming in and we have proven that cryptocurrency is a technology that will live on.

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