Wanted to add this as I just came across it.
https://www.youtube.com/watch?v=HTsVHqoRfbQ
MS actually does a wonderful job explaining it on Hannity. I was actually quite impressed and this looked good.
Topic: Does anyone else find Michael Saylor a bit over-the-top? (Read 269 times)
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.
P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.
I find this EXTREMELY narrow minded. ALT coins have proven to have considerable utility. Look at projects like VET and XRP. To say that they do not provide ANY utility is just pure ignorance. Do not even get me started on DeFi. I think that Bitcoin maximalism can be very dangerous when it is presented in tandem with misinformation.
Again, referring to the original post, I am firmly confident Bitcoin will remain the top cryptocurrency. However, we need to be realistic and factual when we discuss ALT coins. I get this is a Bitcoin forum, however, but I have a feeling this crowd isn't very fond of misinformation.
XRP is one of the worst shitcoins there is. It is 100% pre-mined and is one of the most centralized also. It is like PayPal but slower, less efficient and more expensive. VET is also another highly centralized blockchain that is going nowhere.
The only thing I learned from this was that you are not educated in how either of these currencies work. It's a shame for someone to make such a bold statement without any real substance. Have you even read Bitcoin's whitepaper? Have you read any whitepaper?
I am truly disappointed to see such ignorance.
michael saylor is a software entrepreneur, he can say anything he says, if he says take all the money he has to buy bitcoins, i think that is very excessive, and totally unacceptable to us, because if we take all our money, then we buy bitcoin, what do we eat, friend, if he is okay, the rich are free..
Everyone is actually free to say anything about Bitcoin. Including Michael Saylor who often thinks too much about Bitcoin. It's his right to say
something good about Bitcoin, but if he does it too much other people will see it as bad. Because Bitcoin is not everything in this world,
so it would be too much if Michael Saylor said he would buy Bitcoin with all the money he had. Especially to the point of underestimating altcoins,
because not all altcoins are bad. So, as humans, we have to be careful what we say to other people.
The only thing that bothers me about Michael Saylor is that he's using the deep pockets of himself and his friends to attach himself to Bitcoin in a way he hasn't earned. He learned about BTC only a couple of years ago, which would make him a newbie by most of our standards, yet the guy is spearheading Mining cartels and having meetings with Elon Musk about Bitcoin's future... It's crazy how having a lot of money can make you instantly important wherever you decide to throw it. I'm glad he's using his platform to promote Bitcoin, it just seems like sometimes he's using Bitcoin to create a platform for himself.
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.
P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.
I find this EXTREMELY narrow minded. ALT coins have proven to have considerable utility. Look at projects like VET and XRP. To say that they do not provide ANY utility is just pure ignorance. Do not even get me started on DeFi. I think that Bitcoin maximalism can be very dangerous when it is presented in tandem with misinformation.
Again, referring to the original post, I am firmly confident Bitcoin will remain the top cryptocurrency. However, we need to be realistic and factual when we discuss ALT coins. I get this is a Bitcoin forum, however, but I have a feeling this crowd isn't very fond of misinformation.
XRP is one of the worst shitcoins there is. It is 100% pre-mined and is one of the most centralized also. It is like PayPal but slower, less efficient and more expensive. VET is also another highly centralized blockchain that is going nowhere.
michael saylor is a software entrepreneur, he can say anything he says, if he says take all the money he has to buy bitcoins, i think that is very excessive, and totally unacceptable to us, because if we take all our money, then we buy bitcoin, what do we eat, friend, if he is okay, the rich are free..
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.
P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.
I find this EXTREMELY narrow minded. ALT coins have proven to have considerable utility. Look at projects like VET and XRP. To say that they do not provide ANY utility is just pure ignorance. Do not even get me started on DeFi. I think that Bitcoin maximalism can be very dangerous when it is presented in tandem with misinformation.
Again, referring to the original post, I am firmly confident Bitcoin will remain the top cryptocurrency. However, we need to be realistic and factual when we discuss ALT coins. I get this is a Bitcoin forum, however, but I have a feeling this crowd isn't very fond of misinformation.
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Surely the same accusation can be levelled at bitcoin - 95% of holders/investors/owners have never used it for anything but investment/speculation and 99% of all transactions are for the same purpose. (Both numbers made up on the spot but I bet they are broadly correct).
Just look at all the “hold your bitcoin, never sell” messages you see on here for evidence.
Dude knows his shit, but he's pretty cringe a lot of times and gives out pretty bad advice. There's this one frequently-memed-out video[1] where he says "take all your money and buy bitcoin, then take all your time and figure out how to borrow more money and buy bitcoin", which is definitely some dangerous advice for the masses.
[1] https://twitter.com/AutismCapital/status/1399778042554183683
[1] https://twitter.com/AutismCapital/status/1399778042554183683
Agreed, he is very cringey similar to many other maximalists. However, he might become either the biggest cringey clown in the cryptospace or one of the richest cringey bitcoin billionaires of the future hehe.
To be quite honest, my opinion of him has changed. He might be good for bitcoin.
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.
P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.
He doesnt care about his popularity and he certainly wont get involved with $hit tokens.
He is so vocal and active online because he alone was pretty much the first institutional
investor to put millions into Bitcoin, he wants to make sure that as many others get involved
because it strengthens his position, as well as all ours too.
It seems to me that Michael Saylor desperately wants the Bitcoin price to go up again,so he is doing what he can-talking bullish and spreading propaganda. 
He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.
At the end of the day, he is a businessman so we can be sure that he is only doing these things because it has his interests in line, if I were on his position, I would probably do the same or at the least similar to what he does because I have to make sure my interests are protected. He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.
It seems to me that Michael Saylor desperately wants the Bitcoin price to go up again,so he is doing what he can-talking bullish and spreading propaganda.
He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.
He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.
There are many Bitcoin maximalists out there, he's definitely not the only one and I don't think it's wrong to like just Bitcoin and no other cryptocurrency. I find it the same as those guys whk only keep their fiat in a specific "safer" currency and only believe in that one's power. Not much of a difference.
It's normal for someone to only like BTC specifically due to the fact that it is the only cryptocurrency with a lot of volume and liquidity, providing tbe most widespread and the most secure blockchain to exist out there in the wild. Maximalism is a thing, and there's definitely nothing wrong in that.
It's normal for someone to only like BTC specifically due to the fact that it is the only cryptocurrency with a lot of volume and liquidity, providing tbe most widespread and the most secure blockchain to exist out there in the wild. Maximalism is a thing, and there's definitely nothing wrong in that.
Dude knows his shit, but he's pretty cringe a lot of times and gives out pretty bad advice. There's this one frequently-memed-out video[1] where he says "take all your money and buy bitcoin, then take all your time and figure out how to borrow more money and buy bitcoin", which is definitely some dangerous advice for the masses.
Exactly.
I have said that many times. Saylor in general strikes me as a good Bitcoin ambassador, evangelist or whatever you want to call him. Much better than McAfee, certainly. But on that point he goes overboard. It's something Frank Giustra threw in his face in the Gold vs Bitcoin debate and I think he's right.
That advice is definitely bad for the masses. It's one thing for the Rockefellers and company to use debt as another instrument of wealth but their equity to debt ratio is usually low. Instead the normal thing is that if the masses follow the advice, they will take on excessive debt and excessive debt we know where it goes.
I don't have any problems with his Bitcoin maximalism, it's a normal stance in this market. The burden of proof lies on altcoins, they need to prove that they are indeed useful like they claim, that they have millions of people using their unique features that other coins don't posses.
What I don't like about Saylor is his cringy BTC promotion tweets, makes him look like some cult leader. If I didn't know about BTC and saw people like Saylor promoting it, I'd stay away. Also, his recent actions with Musk and miners really makes you doubt if he understands and shares Bitcoin values or not.
What I don't like about Saylor is his cringy BTC promotion tweets, makes him look like some cult leader. If I didn't know about BTC and saw people like Saylor promoting it, I'd stay away. Also, his recent actions with Musk and miners really makes you doubt if he understands and shares Bitcoin values or not.
INCREDIBLY cringey! Watching some of his rhetoric trying to explain/promote Bitcoin is god-awful to watch. If I was not a seasoned vet I would think exactly what you said...some cult leader type nonsense. He is not the man I want promoting Bitcoin at the level that he is.
I agree at some point? But we could be the figure that we want to see to promote bitcoin? For me it would be Andreas Antonopoulos.
About Michael Saylor case though, yes, some are pure exaggeration, and we all know that he also have some narratives behind that's why he explanation has become cringeworthy.
I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.
They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.
P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.
At least to me, it appears as if Saylor is creating hype around Bitcoin rather than promoting Bitcoin as it is. It is actually more of shilling Bitcoin as if it is the answer to everything rather than arguing the hard on-the-ground reasons why Bitcoin is the best alternative we have. The exaggeration is really cringeworthy. It adds to the cultish characteristic of Bitcoin espoused by the maxis.
But, of course, we have to give Saylor the credit he deserves. He's indeed a very strong marketer of Bitcoin. He's definitely convinced people toward Bitcoin.
But, of course, we have to give Saylor the credit he deserves. He's indeed a very strong marketer of Bitcoin. He's definitely convinced people toward Bitcoin.
He can be annoying but I really don't pay much attention to influencers. A lot of people seem to worship these kinds of people like Saylor and Musk. Just because they are rich and successful doesn't make someone infallible so we shouldn't give them more importance just because of the wealth they have.
he isn't BTC max, MicroStrat as far as I know also has ETH on their spreadsheet. but there is nothing wrong with being maximalist because after all, we all know BTC is the one and the altcoins are just options for investors.
what someone might not like what Micheal Saylor is doing like coordinating with Elon about this BTC Mining Council because ultimately this will be taken over by the regulatory body. whatever they are doing could lead to any BTC address we have will be censored because the BTC we got are not mined by environment-friendly energy.
what someone might not like what Micheal Saylor is doing like coordinating with Elon about this BTC Mining Council because ultimately this will be taken over by the regulatory body. whatever they are doing could lead to any BTC address we have will be censored because the BTC we got are not mined by environment-friendly energy.
He is entitled to his opinion, regardless it doesn't stop the growing of alts, agreed there are thousands of not worthy alts in the market but there are some reasonable few that actually has something to contribute to the crypto space and make it a lot better and fun, he is a btc maximalist and may never be swayed into believing in what some alts has to contribute to the space.
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