Topic: Crypto ‘Won't Turn Out to Be a Complete Delusion' - page 5. (Read 1001 times)
Many traditional investors try to implement the wrong idea to other because they don't want to accept crypto as an investment, they still think the only legit investment is the one that is tangible, crypto was created due to the people's demand, people that wanted a freedom for transaction, so the purpose of crypto creation is really clear, and so far crypto has been giving huge profit to who invest earlier
It's great to see big name people start leaning towards bitcoin being something more than a scam.
I still can't convince my buddies to get into it.
It will be a good day when I can say
"You should've listened"
Then driving away into the sunset in my brand new gold Lamborghini...
I still can't convince my buddies to get into it.
It will be a good day when I can say
"You should've listened"
Then driving away into the sunset in my brand new gold Lamborghini...
I both agree and disagree, Because As you know, before was no one controlling Bitcoin. but now due to futures and leveraged exchanges bitcoin can be controlled.. Suddenly they can reduce the price by 100%. and again they can increase the price $ 1000. Am I right?
All what they do is hype a certain project or cryprocurrency thereby forcing more investors to push money into such assets, which we know definitely push the price up to a convenient spot before they (whales) eventually dump and move on to the next available project. This has always been their routine but over time as the knowledge of Bitcoin and blockchain technology expands, investors now understand the market and often times carry out a thorough due diligence before jumping on any project.
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.
With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.
You will see many economist who were against bitcoin in the past will change their attitude towards it in the future and Niall Ferguson just started the process of understanding what the current market is all about. There is no doubt in anyones mind that bitcoin is an unstoppable force and the economist did have a hard time understanding the concept in the beginning as majority of the well known economist have no idea about technology and so is the reason many called it a bubble and so on. With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.
I both agree and disagree, Because As you know, before was no one controlling Bitcoin. but now due to futures and leveraged exchanges bitcoin can be controlled.. Suddenly they can reduce the price by 100%. and again they can increase the price $ 1000. Am I right?
I think you are talking about market manipulations created by whales. They are not controlling the market but they'll have the power to make some hypes which makes prices moves high but in few days it will turn dump again. It is obvious how people adopt the system and it makes this things not in a delusion anymore.
I am really not surprised at people who after saying negative things about bitcoin, come out much later to turn things around and say positive things. The truth is majority of these guys barely understand crypto and its working principles. Majortiy of them jsut feel like talking so they will be heard but then the benefits of crypto can not be over emphasized. Crypto has come to stay and it will forever change things for good.
1. Warren Buffet said -
(a) Bitcoin is an asset that creates nothing!
(b) Cryptocurrency will come to a bad ending!
2. JPM CEO Jamie Dimon Said -
(a) Bitcoin is a fraud that will ultimately blow up.
(b) The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!
Do as I say not as I do from greedy investors, that's a bit fishy to me. (a) Bitcoin is an asset that creates nothing!
(b) Cryptocurrency will come to a bad ending!
2. JPM CEO Jamie Dimon Said -
(a) Bitcoin is a fraud that will ultimately blow up.
(b) The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!
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.
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One person has to said like that about bitcoin, and soon the other people will have the same opinion. They will have one voice to support bitcoin, and all of them will agree with bitcoin.
Soon, if all people can unite in the bitcoin name, the government will realize, and they will approve bitcoin too. And when it's happening, bitcoin can reach all nation and all people.
It is a new era which digital technology will exist among us with or without we can realize. Bitcoin will make a better financial in all countries, but before it's happening, we need to be patient.
Soon, if all people can unite in the bitcoin name, the government will realize, and they will approve bitcoin too. And when it's happening, bitcoin can reach all nation and all people.
It is a new era which digital technology will exist among us with or without we can realize. Bitcoin will make a better financial in all countries, but before it's happening, we need to be patient.
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.
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.
I don't see any issue with it, anyone can change their mind about Bitcoin and Cryptocurrency, once they see how good this technology is they will change their mind and in fact become one of its ardent supporters, I wonder when will Beatty change his mind about Bitcoin and support it.
It's an obvious fact that the guys are very scared of been irrelevant anymore in the financial market, thus would do anything to give negative comments/reviews about Bitcoin based on their selfish interest.
I'm very confidence that Bitcoin will put all naysayers to shame and stand out to fulfill it's purpose - Financial Freedom.
1. Warren Buffet said -
(a) Bitcoin is an asset that creates nothing!
(b) Cryptocurrency will come to a bad ending
(a) Bitcoin is an asset that creates nothing!
(b) Cryptocurrency will come to a bad ending
Do we expect an 88 years old man to support what outcome he might not experience? or to lay a competition for his fiat businesses?
We know cryptocurrency is a competitor to fiat and so many fiat business men wouldn't like to see people build wealth from areas they have assume as "bubble ". That is the reasons for negative assumptions.
Most of those who see them self as economic experts that have made different statements about bitcoin in the past in a negative statement are now turning their statement into positive one because they have now seen the potential of bitcoin and at that have discovered that bitcoin is never a bubble and bitcoin will survive and the blockchain technology is here to stay.
neither of these two are considered "U-turn". they both are still on the same path as they were before with the same mentality about bitcoin.
- JP Morgan is threatened by bitcoin because as bitcoin grows, their power shrinks and they can continue their corrupted ways and their revenue is going to be cut short. the only reason why they created their own cryptocurrency is because they are afraid of bitcoin and don't want to be fallen behind.
- Buffet doesn't understand or wants to understand bitcoin, he is old school and believes that only businesses and factories that produce something physical or give some sort of service are worth investing in. which is why he invested in the companies not in bitcoin itself.
His strategy is to buy something underpriced and sell it on the normal price. This is one of the safest way of investing which can be used to invest huge money. If you invest billions into cryptocurrencies then you are probably retarded.Once again. BTC was overpriced on that time and Buffet was right.
Not just only Neil Ferguson other economist, financial analyst etc has all aired there pessimistic opinion about bitcoin and cryptocurrency and has failed so far
I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.
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.
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.
The economic and the financial historians says that cryptocurrency will not turn out to a complete delusion . Historians have questioned whether fiat currency collateralized cryptocurrencies will ultimately create a new form of money that is bitcoin as an example .The historians suggest that crypto's non-correlations to traditional asset classes may well make it attractive for certain investors . The only way global public block chains can accomplish a fully objective is to maintain inherently unstable and unsustainable stance ... Politics points a powerful stand alone tool because it allows no identity and study emerging trends in block chain governance and it allows to see.how crypto laws are made .
It's great that some close-minded people are now opening their cerebrum to the possibility that one day, cryptocurrencies will be a part of the world's financial system albeit not as significant as fiat. It's a great start, but certainly not the end of the road since it might create a domino effect to the once-closed-minded people that condemn cryptocurrencies. Once services and big firms opened their doors for crypto, no matter how little that opening is, people will jump ship and start to shill the hell out of crypto once more.
I just want to say about Warren Buffet... the guy is 88-years-old and is still out there buying newspapers and railroads. He's a dinosaur. You think he would know (or even understand) the first thing about bitcoins or cryptocurrency??
He doesn't even know how to use a computer ffs and has people on his payroll to do all of that for him. People really need to stop taking such high esteem in everything he says about it. We might as well get Kim Kardashian's thoughts about astrophysics while we're at it.
He doesn't even know how to use a computer ffs and has people on his payroll to do all of that for him. People really need to stop taking such high esteem in everything he says about it. We might as well get Kim Kardashian's thoughts about astrophysics while we're at it.
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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.
We both know know there will always be a reason behind every man action and maybe either for good or bad. However, we shouldn't be expecting a good statement from people like Niall Ferguson and other politic leader because they know crypto currency is good but the always make a false statement in other to make people panic. 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.
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