Dare they call us fake? BTC vs Stockmarkets.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Xavofat on April 02, 2018, 04:27:25 PM

What an odd comparison. Not all of the people who are involved in stock markets and are critical of Bitcoin are involved in these fake companies.

In the same way, not all Bitcoin proponents are involved in scammy ICOs and Ponzi schemes. You're jumping through hoops to try and call people hypocrites, and it just comes off as a justification for an irritating persecution complex.

Ironically, your opposition to fallacious arguments is hypocritical in itself.

Unfortunately, I also can't read the FT article because it's behind a paywall.

It is not actually a comparison... I am rather pointing out that a lot of the mayor stock market leaders are speaking out

against Bitcoin investments. {Saying it has no intrinsic value and that it is fake money} People like Jamie Dimon and also

Warren Buffett. Looking into their industry and what happens with these fake companies, I think they might be the last

people to point fingers at Bitcoin for being fake. Roll Eyes

Mastsetad

sr. member

Activity: 672

Merit: 250

Well, one thing I believe is that not everyone benefits from every markets. There are people who are likely to lose, same as there will be people that will make profit. It’s normal and that’s how it happens everywhere. But Bitcoin is never fake, it is more real than most of these business you will see out there. I believe that Bitcoin will last for a long time, and might even stay permanent (if not permanent, it will at least stay for so many years).

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

What an odd comparison. Not all of the people who are involved in stock markets and are critical of Bitcoin are involved in these fake companies.

In the same way, not all Bitcoin proponents are involved in scammy ICOs and Ponzi schemes. You're jumping through hoops to try and call people hypocrites, and it just comes off as a justification for an irritating persecution complex.

Ironically, your opposition to fallacious arguments is hypocritical in itself.

Unfortunately, I also can't read the FT article because it's behind a paywall.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: aso118 on April 02, 2018, 10:29:57 AM

The difference is that all cryptocurrencies have no intrinsic value, where as there are only a few 'fake' companies with high valuations. A few bad apples do not make the whole barrel rotten. I would any day feel more confident in investing in equities (a major portion of my portfolio) for the long term, say for retirement or to put down a deposit for my mortgage. Cryptocurrencies of course occupy a small portion of my portfolio.

Do you as an investor in these "fake" companies, believe that these companies are real or do you know that they are "fake"

and still investing in it? Do you believe it is real, because it is listed and someone else says it is real? The difference is, these

people told us that these companies are real and these non-US company acquires a US shell company to gain a listing on a

US stock exchange, by bypassing the regulatory scrutiny involved in a traditional initial public offering. {loopholes in the

system} Angry

aso118

legendary

Activity: 1918

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★Nitrogensports.eu★

The difference is that all cryptocurrencies have no intrinsic value, where as there are only a few 'fake' companies with high valuations. A few bad apples do not make the whole barrel rotten. I would any day feel more confident in investing in equities (a major portion of my portfolio) for the long term, say for retirement or to put down a deposit for my mortgage. Cryptocurrencies of course occupy a small portion of my portfolio.

alani123

legendary

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Merit: 1451

Leading Crypto Sports Betting & Casino Platform

It's more real in the sense that it is a system for money that does not support debt. This is something that Bitcoin was upholding as a principle from the beginning. It's basic for calling it a cash system. Money in cash for support no Dept.

Kprawn

legendary

Activity: 1904

Merit: 1074

Chinese reverse mergers have been going on for years now and some of these companies only existed on paper. They

have legally pumped Billions of dollars into these "fake" companies. A lot of this money is coming from millions of hard

working people's pension funds. What happens to these Bankers and Stock market investors, when they are done and

millions of people lose their money? Nothing!

https://www.ft.com/content/d678c230-7c80-11e7-ab01-a13271d1ee9c

Bitcoin might just be a digital token and it might only exist on a public decentralized ledger.... but it is more real than some

of these "fake" companies. Roll Eyes

Topic: Dare they call us fake? BTC vs Stockmarkets. (Read 150 times)