Topic: Dan Pena - Bitcoin will go down to zero !!! (Read 725 times)

This theory, I am not sure I will buy into it. People re extremely rich n his world, is it not 1 person that has 1 billion dollars in bitcoin market? And yet his bank has not even felt it talk less of economy. The total market cap of gold is about 3 trillion dollars, and yet we have still not felt it, for bitcoin to hit 1 million dollars, we should need like 30 trillion dollars to do so.

The worth of American is about 300 trillion dollars in net worth and do you know how many countries that we have in the world? So this figure is very insignificance for you to think bitcoin reaching 1 million dollars will have any effect on the economy and cause people to lose job, I don’t really think so. We are asking for bitcoin to be used as currency, what if bitcoin is eventually approved, how much do you think that the value will worth in future?

He doesnt need to, Buffet is doing ok anyway and benefiting from monetary expansion and easy money well enough in his companies.    I doubt Buffet has any regrets, this market is too small for him really to be involved in a secure reasonable balanced way.    On principle this current bull market is the longest there has ever been and many still doubt BTC can survive a harsh winter pullback that would kill off many speculative assets, why would this one be different and that case is not proven yet.
   Price by itself does not prove an argument won, there is no insult or mistake to correct in judgement here;  I'm quite sure he hasnt and wont ever change his mind but also I think he is a hypocrite.

These kinds of marginal discussion do not bring anything to table. Mcafee saying bitcoin will be a million dollars was actually as silly as this but because bitcoin people would love to see bitcoin at million dollars they didn't really do anything about it, hence I think this is as silly as that and bitcoin will not be going to zero but bitcoin will not be going to a million dollars neither.

There are people who will lose jobs if bitcoin goes to a million dollars, that literally means a lot of money goes into bitcoin that normally suppose to be somewhere else helping the economy and if not then there would be a lot of economical stagnancy which would end up with a lot of people losing money. Bitcoin going to zero would also mean a lot of people losing money and that would also hurt the worlds economy as well.

If he knows who is behind, then what prevents him from proving that in the public? During the past 10 years, hundreds of fraudsters have claimed of being Satoshi Nakamoto and none of them were able to give any evidence for their claim. That said, even if anyone establishes himself as the real Satoshi Nakamoto, I don't think that it can have a huge impact on the exchange rates. Bitcoin is a decentralized asset, and Satoshi Nakamoto no longer controls it.

From many predictions about bitcoin prices in the future, I tend to believe more in predictions that bitcoin will have a higher price than the previous ath, and until now the bitcoin price movement proves it, I believe bitcoin will surpass the previous ATH in the future.

A permabear would always be a bear but there were some people who turn out to be a bull after sometime and they had realized that Bitcoin do prove them wrong.

We do able to read over and over again about these kind of zero price sentiments or even low prices for how many years but we do see on how bitcoin moves up and goes to the opposite way which leaves out those negative people regret on missing out those profiting chances and some of them are just pretending to be negative but actually been buying btc from behind.

Its has been said over and over that BTC can go zero. No one believes that anymore even if it comes from trump. Look how the world ridicule Warren Buffet, he can't swallow his pride now by telling he now own and support BTC because that would just make him an asshole. Dan Pena is nothing. Probably loss hope that he can buy BTC at $3k

If that happens, then you can say goodbye to the forks as well, and all the other top crypto currencies, because according to the conspiracy theories, Kim Jong-un owns billions worth of altcoins too, obtained through hacking exchanges.

It's however more likely for the countries to blacklist the coins they think belong to Kim, because enforcing a ban on something that can't technically be banned entirely is a waste of resources. If that happens, I think it would be quite a pumpy news event because that means close to a million coins are never to be used again in the US, large part of Asia and the EU.

Most of those public figures too also know the impossibility of what they are saying, but they are just doing all those public stunt just to gain popularity kind of.

Mcaffee did all those things he is doing to draw the attention of the cryptocurrency community to himself which it is glaring why he did so, having gotten to know of recent his intention to create his own coin, and I just laugh at this people, so all those 1 million dollars attention is just for his own coin, don’t be surprised if Pena too also has hidden agenda to create his own coin and that is why he is seeking for attention everywhere, he knows also that nothing can ever drag bitcoin down that low again in the history of cryptocurrency, but he just could not keep his mouth shut anyway.

Lets just play what ifs for a second here. Anyone other than by the name of Kim Jong-un would not make me less confident on holding my cryptocurrencies. Assuming that Kim Jong-un is Satoshi Nakamoto, which I doubt he is, then I think BTC's days will be over since several countries will ban it immediately since it has now been connected to NoKor's supreme leader. I strongly see that the panic selling will start as soon as one notable countries like Japan or South Korea bans it.

many have predicted but most of those predictions are acceptable  . there are bad preditions saying that btc value will fall at 3k or less but luckily it doesnt happened  . there also good predictions that mostly came from controversial people like mcafee saying that price could hit up to a millions usd but unfortunately that didnt happen yet   .

 however i  dont see anyone aside form dan pena that have said that bitcoin will become zero .

Many already did about btc predictions some said price will absolutely be dead or become zero. But look up to now bitcoin market is still kicking and very active though we could see that their is up and down of price. Dan Pena has his own predictions and anyone could have.

So if he know who is behind of bitcoin, I think he can reveal it for us while we are waiting for the next update from him. I think public still waiting for that but we are not have a big curiousity as before because if Satoshi wants to reveal himself, he will do without waiting other people show who he is. By the way, I still sleep well in every night because I don't think more about who is Satoshi.

You know what no one can predict when will bitcoin will down to zero as long many users buy bitcoin I think it will not happen. Even the person have lots of bitcoin never wants bitcoin to down they know what will be lose to them. As long holder's know to manage their bitcoin it will never down to zero. Maybe in the future but no one can say when.

It could be non-sense specially coming from McAfee, but who knows it can really hit $1m in the future.

They really have motive when they declare that bitcoin could go to $0 or $1m. It really depends on how people are going to react. Unfortunately, there are still beginners around that can be influence by such media personalities like McAfee or Dan Pena because this is a free market.

Its already been said by McAfee that btc will reach out 1M price and its a pure non-sense kind of speculation or simply not realistic at all and this also applied to the thing being said on this thread about going back to $0 price of btc both things are really nonsense to talk on because no matter how we do think off things these wont really be possible.
These kind of speculative thinking specially to those popular person have that motive on creating fud to make a panic and when it happens they do really buy up those cheap coins and later on they would tend to hype it once again for them to sell.A very obvious scenario but the community does still continue to fall for it.

Daniel Steven Pena (Dan Pena) is a successful businessman, just as you think.. I also think he is trying to take advantage of the situation, one of the bad things about a successful businessman is that he is not much different from speculators.

what is speculator;

"Speculators are market participants who seek large profits in trading on the commodity market, the stock market, the futures market or the foreign currency market, by speculating (guessing, estimating) the changes in the prices of commodities and services in these markets"

we don't need to panic with what he says because until now, the time will always prove that Bitcoin will never go to zero.  

And one day we will also hear people say that the price of Bitcoin can reach $ 1 billions USD, in my opinion it just mere nonsense, why? because among those who say Bitcoin will become zero and vice versa are billionaire whale (or anything the usual things that show who they are) people who want to take advantage of BTC. People who say the price will be zero because he is waiting for a market panic so that many will sell BTC and he is ready to buy cheap, and vice versa. Only time can prove it

30% is not prudent investment strategy, we barely have to examine the details to recognize this would not be a justified thing to go ahead with.    Small amounts to capture growth is justified and yes I have seen this a few times.
   If we're talking old guys, the standard reference is pension plans and the payment of an income while unwell, in poor health or at least unable to work.   Of course someone in investment management has the advantage of a light load to carry in physical terms and many do carry on what they enjoy doing because it is mostly paper shifting, reading and thought as to judgement of quality of assets.

By anyones measure BTC is fast moving, volatile, risky and an emerging market never seen before.   These are all factors to attract the youngest members of an economy and its been sited by many as a positive for encouraging involvement in finance and economic growth via company setups.
    These are not factors targeted by someone who has already made a fortune and wishes to keep it, I'm certain from examining Warren Buffet's strategy he does not look for something like BTC or anything so dangerous.   That man just wants bargains and giant companies that span entire nations, he wants a regular simple premium that does not diminish like his famous Coke shares purchase.    


The super harsh criticism we hear from Warren or similar I will discount as being biased and self centered, the man has got extremely rich off trends which benefit him and his own good sense to 'double down' on that advantage ie. he uses leverage at least some and is bound to FIAT.  Part of why Buffet got so rich is loose money and easy policy from government towards his kind of investment.    He should be arguing against continual deficits in budgets, poor debt management by government but he wont ever do it because this adds upto hard money, a retraction in fiscal spending, higher rates payable on debt and a much harder economy for him to profit in.

  BTC is part of the commons people reaction to decades of inflation and loss of capitalism from QE money printing and Washington DC debt.   All the things that benefit Mr. Buffet in his big money operations make us the common workers worse off and chained to government expenditure rather then true capitalism which is led by the people, means of production owned by the people.   We want change, he doesnt and in the end BTC is nothing to do with his opinions it just doesn't benefit his operations to be involved.       Mark Cuban is a billionaire who has invested in crypto via esports but I'm sure it was just 1 project of many.

One way or another, these entities do get involved in this space somehow. Warren Buffett is invested in Goldman Sachs through BerkShire Hathaway, and let that financial institution have settled Bitcoin futures contracts for their clients, and they are still looking at launching their a crypto trading desk.

There is a trend amongst these old fashion investors to ignore the underlying asset or technology, but do focus on the ecosystem around it by building businesses generating an income and profit stream. This is their field of interest so it only makes sense for them to keep doing what they have always been doing.

Then people tend to forget that these billionaires have several advisors that may see value in certain technologies. If the risk-reward ratio is favoring a good outcome, even when a billionaire doesn't have much interest in technology, a small allocation is most likely going to happen anyway.