Topic: Dan Pena - Bitcoin will go down to zero !!! - page 2. (Read 726 times)

How many old millionaires and billionaires support bitcoin? I've been reading bitcoin-related news channels every day and I don't see many old millionaires and billionaires say that they have invested at least 30% of their fortune in bitcoin, and if there is any old millionaire or billionaire who supports bitcoin, then you will hear that he invested only 1% of his fortune. The reason in my opinion is simple: they have no interest in staying on the computer doing research. because for them too much technology just brings headaches.

Today many children use phones, they want more technology and become lazy, but these kids easily understood bitcoin and would easily pass laws that would benefit bitcoin if they were adults and if they held positions in government, central bank and parliament

And another thing, the number of people who had access to technology 10 years ago, 20 years ago, 30 years ago and 40 years ago was very small. so many old people don't like technology

Well, I totally agree with you, maybe technology is not for everyone, I do not blame it, there are very respected investors such as Warren Buffet, Donald Trump himself, who does not advise operating or investing with Bitcoin, there is also the case of JP Morgan(Typical bipolar), which made very bad publicity at a time of Bitcoin and cryptocurrencies, and then announced that it would launch a cryptocurrency.

Unlike the greats like Warren Buffet and Trump, people that I respect because they have written books offering investment advice, others lack financial education, often ignorance is the most brazen of all the defects of the human being.

WHo cares for what he says?he don’t even gather much attention(except from you who need to post it literally like this)because people here now in crypto are more detailed in each issue thrown against bitcoin and their holding currencies

People are are aware of Fud and bad impressions just to make crypto in bad shape again and take advantage of situations to buy many more coins just because people panic sell by their agendas

Enough of this mate no one really cares with some of this type

Love this one.
There are too many old guys who are not open to this new technology anymore.
I am not saying there is something wrong with them but that is how they lived their life and up until now they want to go back to that era.
Yeah I feel him, I still want that old type private life without social media or anything.
Console games and computers are already eating the brains of the children.

But to sum it up, this aint that reliable anymore. His prediction will be questioned a lot and I bet he cannot answer all of those anymore.

the price  ? yes if only all people will feel the same but not all people are going to get affected with this prediction  . some people only believe on thier own prediction so they tend to hodl therfor bitcoin's price will not directly dive to zero  .  i

 dont know if who is dan pena but his prediction are seem to be unrealistic anymore  .  its more unrealistic than warren and other bitcoin philosopher's   .

It is actually possible because it depends on peoples mindset and knowledge, it can affect bitcoin positive or negatively. People nowadays usually do it especially newbies because they are still lack of understanding about the things that might affect the bitcoins price, that is the reason why we need to examine and study than believing in someones thoughts and opinion.

That perspective is a bit cliche, we forget a large part of the world war 2 effort and success was down to code breaking using the first computers.   This modern generation didnt invent the idea, weren't the first to encounter cipher use daily; most of whats happened recently is development based on previous achievements by previous generations.
  My father is older then this guy and a very enthusiastic supporter of computer technology as mold breaking.   Attached to the government, he used some of the first end user computers with punch cards and similar level tech and even at that early stage it was game changing.   Its very possible previous generations still have the foresight to understand technology can alter substantially the lay of the land and balance of play.

The big deal now and probably the biggest generational change in my life time will be with the balance of power within Finance.   The current layout also goes back to ww2 and to change that system is going to alter the world, that part could be past the vision of almost anyone.  We are all so used to FIAT being dominant and based around nations not commerce that we cannot imagine anything else, I think thats true for someone who uses BTC every day even.  
   If someone is obsessed with BTC going to zero they are ignoring the elephant in the room which is the collapse from excess debt and instability of possibly several major currencies.   If they can at least contrast technology development with old monetary systems I can believe they are more accurate in their conclusions.
  Ditto when people say BTC is going to be a million per unit now because thats all we will use, thats just ignorance of the whole spectrum of possibilities for trade and monetary proxies society might find useful.

That is the problem with legacy investors. They can't deal with bitcoin going up because that would mean people won't need them anymore, think about it right now people are spending BILLIONS of dollars on places like JP Morgan, they could just do whatever they want themselves on any exchange they want if they switched to bitcoin. Would that make exchanges like bitmex and binance richer instead of wall street? Sure. However that means we have the right to control our own investments at any amount we want and can change the exchanges however we like as well.

Wall street people are dead serious when they say they want bitcoin to go down, if it doesn't that means its the start of the end for wall street and whatever equals to that in every nation.

It is not a prediction, but rather what the author really wanted to happen. So obviously, he didn't know that this technology is, he just wanted to have some controversy but we all know that bitcoin enthusiast will just laugh at this guy so called prediction. Is everyone here out of their mind to suddenly dump everything in the market in order to see the price goes to 0? I don't think so, just another guy to ignore in cyrptoverse, just saying.

There is no level of risk in cryptocurrency that would make the rising adoption of bitcoin to drop, and the more the adoption, the more that the value of bitcoin will appreciate because of the inflow of demands, so there is no one that would ever tell me that bitcoin can zero, how is that possible when we all have different timing, the time that I tied to my investment is different for the time you tied to your investment.

The only thing that can make bitcoin go down to that zero is when we have massive dumping by everyone here, and the only thing that would warrant such dumping is panic, which news can come to now that is more than what we have had in the past that will cause that great panic for anyone? Nothing bad can ever befall bitcoin again for it to go zero.

To say this, it means to say nothing. Here it would be necessary to name at least some facts, so that there would be at least some kind of substantive conversation. Now it’s just an empty concussion. We already know that cryptocurrency has certain risks, so you should not invest all your money in it, go even quite significant.
Whoever stands behind Bitcoin is already accepted by a significant part of society and just does not disappear.

So another one that claims to know Satoshi?at least he didn’t claim to be another Bitcoin creator 😂

Don’t care what this Dan Pena says because I am ready for the risk.the very moment i put my money in crypto(specifically Bitcoin)I already place myself to whatever happen I will not cry 😂

And bitcoin will back to zero is very exaggerated word as former there will be a penny value when the Armageddon in crypto happens 👍👍👍

Just already like a normal day to hear up these conspiracy shit things around.Yes, we have seen countless of them but bitcoins price does go into the opposite way on what they are talking into.

Going back to 0? We aren't saying that it cant but basing on 10 years journey going back to cent price is almost an impossible thing to happen.We had seen countless attacks to bitcoin but its still stood firm after all these days.

Bitcoin going down to zero? Everything is possible but this is one of the impossible predictions I have come across in my whole life. I don't even expect bitcoin to fall to $3000 again. I think he just said this to please his mind and to be added to those that have predicted doom for bitcoin.

Who? Who is Dan Pena exactly? To tell you the truth its the first time im hearing the name Dan Pena in my hear and it doesn't even ring any bell in my mind. I think its safe to say that this is one of the nocoiners making a name for himself in the community. It will always be noise with their non-factual opinion on why Bitcoin will go down. They don't even have something convincing that will make me believe in them. I just want Bitcoin to go up so that this guy and his fellow nocoiners will eat their words amd hide in their houses.

Relaying as an impartial messenger:


Read my following linked post and you will understand everything about who I posit created Bitcoin, why they are going to temporarily destroy Bitcoin Core, and how I posit the legacy, immutable Bitcoin protocol will come back later after some years as the global reserve currency backing their planned 666 Facebook Libra global medium-of-exchange:

Long term advance notice!