Topic: 'Fraud,' or the Future of Finance? (Read 628 times)
Obviously, the future of finance. According to me and may to all bitcoiner, there is no point calling bitcoin, a fraud. As bitcoin is evolved at such a higher rate and give itself a valuation of worth $11k. This valuation of bitcoin itself defines bitcoin, the future of finance and of planet too. It could never be called as fraud because neither it is a paper money, nor any company, which could do fraud to you. Its just a virtual currency in which you invest and mint money, as simple as people buy gold and sell when prices hike. Moreover it provides employment to millions, so definitely it is the future of finance.
Bitcoin is not a fraud since it follows the jurisdiction of the law. Bitcoin plays a big role in the society where in it can be our future finance. Bitcoin will help every sector in the society to become civilize; through this it can build a well organized and efficient society for the life of tomorrow.
Sorry mate, I would have to strongly disagree with you on this one. BTC is going to replace fiat and already is. Let me repeat, BTC already is replacing fiat. See below for an explanation.
Do you know how may people already bought BTC using fiat money? People are exchanging fiat for Bitcoin right now like never before and it will only get more and more popular every day that goes by.
Do you know how may people already bought BTC using fiat money? People are exchanging fiat for Bitcoin right now like never before and it will only get more and more popular every day that goes by.
Sorry to barge in, but I disagree. Very few people have the capability to go purely digital. Their country would have to be developed to its teeth with perfect infrastructure and flawless internet connectivity. You have to consider the fact that all businesses must also be able to accept and transact with Bitcoins for this to even work. Not even the most developed countries are anywhere close to this, much less the developing ones.
Exchanging fiat for Bitcoin doesn't mean Bitcoin is replacing fiat. We know for a fact that most people only really use Bitcoin as an investment, hence the term HODLing. I'm sure most would also say they would rather use fiat for purchases because their Bitcoin could easily double tomorrow or the next day.
Bitcoin is a bubble, more new users = price grows, more new Tethers = price grows, more new usless forks (Bitcoin Cash. Bitcoin Gold, Bitcoin Diamond, Super Bitcoin?, Mega Bitcoin. Silver Bitcoin, etc), more future = price grows, sooner or later something will go wrong, but when and after what price?
This is an oppinion you rarely can hear here, but I am totally agree with it. One day we can lose some money, it would be great to anticipate and prevent it beforehand.
Bitcoin is a bubble, more new users = price grows, more new Tethers = price grows, more new usless forks (Bitcoin Cash. Bitcoin Gold, Bitcoin Diamond, Super Bitcoin?, Mega Bitcoin. Silver Bitcoin, etc), more future = price grows, sooner or later something will go wrong, but when and after what price?
I'm thinking we are slowly moving past the "fraud" stage, because people have started to see that cryptocurrencies are not a fraud. We are currently experiencing the "it's a bubble" wave, which I think will continue until the price stabilizes. It is currently how strong a player bitcoin will be in the finance world in the future, but it will definitely continue to be influential.
agree with this point of view. but i think we never past "it's a bubble" stage
Its only jamie dimon continuously criticizing bitcoin that it is a fraud and no one should invest i it.But now,more financial firms are entering in to bitcoin market on seeing its potential.They all see it as the future of the economy.I think that dimon himself would get much irritated on seeing firms belonging to wall streets itself entering bitcoin market.Poor guy dimon.
It is not a fraud mate, it is only speculation, they all knew that bitcoin is going to be the new revolution of money, and we all agree with that.
But it is not going to replace fiat, no matter what, and that is the main reason of why all those banks and governments, and of course, all those ceo's from different companies are now supporting bitcoin, because they want more money, and of course, more power.
And yes, the price is going to be much more higher than now, it is just matter of time until we can see another big bull trend on the market (wow, we are into one right now) but lets just wait. i dont think that all this thing from the CME is dangerous.
But it is not going to replace fiat, no matter what, and that is the main reason of why all those banks and governments, and of course, all those ceo's from different companies are now supporting bitcoin, because they want more money, and of course, more power.
And yes, the price is going to be much more higher than now, it is just matter of time until we can see another big bull trend on the market (wow, we are into one right now) but lets just wait. i dont think that all this thing from the CME is dangerous.
"[Bitcoin] is not going to replace fiat no matter what"
Sorry mate, I would have to strongly disagree with you on this one. BTC is going to replace fiat and already is. Let me repeat, BTC already is replacing fiat. See below for an explanation.
Do you know how may people already bought BTC using fiat money? People are exchanging fiat for Bitcoin right now like never before and it will only get more and more popular every day that goes by.
I'm thinking we are slowly moving past the "fraud" stage, because people have started to see that cryptocurrencies are not a fraud. We are currently experiencing the "it's a bubble" wave, which I think will continue until the price stabilizes. It is currently unknown how strong a player bitcoin will be in the finance world in the future, but it will definitely continue to be influential.
lOl @ fraud stage. What does that even mean?
- Bitcoin was never fraudulent, people just don't understand it. I still don't understand it fully, even though the basics are easy to grasp. Most of the FUD stems from misconceptions about how cryto currencies and the blockchain works, the rest is anger and jealousy at missing the boat early doors. Bitcoin may not be the future of finance, but it is shaking things up. Blockchain tech is definitely the future.
bitcoin is not a fraud .bitcoin passed that early stage and now its a research of big big people.and you know what blockchain technology is best technology and financial institution gonna follow blockchain technology all over the world .bitcoin is future you can say
He used to call it a fraud but when bitcoin went up more than six times in price in less than a year he was obliged to change his convictions.
James Dimon declaration can be accepted since he had a reputation as a prudent financier distrustful speculative products that is why he refused to support Bitcoin.
Not only J. Dimon, many known financiers and bankers are changing their attitude toward Bitcoin and start investing in it because they know that blockchain will be the future of finance.
James Dimon declaration can be accepted since he had a reputation as a prudent financier distrustful speculative products that is why he refused to support Bitcoin.
Not only J. Dimon, many known financiers and bankers are changing their attitude toward Bitcoin and start investing in it because they know that blockchain will be the future of finance.
There are many reasons to call Bitcoin a Bubble, but I dont really care, I dont trade millions and so long as I earn money from it I am glad it is rolling.
We just have to be prepared for any accidents that could happen any time.
We just have to be prepared for any accidents that could happen any time.
I wonder if some time between 2018 and 2020 instead of Bitcoin, they start supporting Bitcoin cash and say that is the real and better Bitcoin and dump
Millions of Btc to pump their coin, like we don't know they have Jihan Wu and his fuck buddies as their personal pet bitch, they have bought him because
He was and unfortunately is one of the biggest miners. if you are buying Bitcoin @$9800 now, don't you fucking dare to dump when price is falling.
Because they will buy them all, they have been buying up to millions and will do that for another year before launching their biggest strike.
Millions of Btc to pump their coin, like we don't know they have Jihan Wu and his fuck buddies as their personal pet bitch, they have bought him because
He was and unfortunately is one of the biggest miners. if you are buying Bitcoin @$9800 now, don't you fucking dare to dump when price is falling.
Because they will buy them all, they have been buying up to millions and will do that for another year before launching their biggest strike.
For every invention, there are always two sides to it. The advancement of technology which led to the break out of the internet today is still being seen as the cause of so many social problems we have in the world today. From crime to loss of moral values, loss of the connection of family, exposure to the amount of knowledge that made one question the very reason of existence and the likes.
So also is to bitcoin, while some are bent on saying it should not be allowed, others are saying its the best thing you can hope for which a lot of us have keyed into. It then depends on which side of the table you personally want to feature from.
So also is to bitcoin, while some are bent on saying it should not be allowed, others are saying its the best thing you can hope for which a lot of us have keyed into. It then depends on which side of the table you personally want to feature from.
It is not a fraud mate, it is only speculation, they all knew that bitcoin is going to be the new revolution of money, and we all agree with that.
But it is not going to replace fiat, no matter what, and that is the main reason of why all those banks and governments, and of course, all those ceo's from different companies are now supporting bitcoin, because they want more money, and of course, more power.
And yes, the price is going to be much more higher than now, it is just matter of time until we can see another big bull trend on the market (wow, we are into one right now) but lets just wait. i dont think that all this thing from the CME is dangerous.
But it is not going to replace fiat, no matter what, and that is the main reason of why all those banks and governments, and of course, all those ceo's from different companies are now supporting bitcoin, because they want more money, and of course, more power.
And yes, the price is going to be much more higher than now, it is just matter of time until we can see another big bull trend on the market (wow, we are into one right now) but lets just wait. i dont think that all this thing from the CME is dangerous.
He is the real fraud here, he buys 75 million worth of bitcoin then spontaneously bashing it to the public, making it clear that he is into something, the motives are selfishly undeniable that he wants a dip to buy a lot of coins then bash again to dip it then the cycles continue as long as people bite to this FUD's he never really stops for doing it. Well, it looks like your fraud are going to 10k or more by the end of this year so what's the magic word that you will tag? I'm really excited to hear and see what are his review for this pump.
Bitcoin=Blockchain=Future
That's cool mathematical formula, I have one also: BTC+ETH=Future*blockchain=Monetary Innovation
Well it's pretty obvious that banks are starting to consider the fact that Bitcoin could be the future of finance. They have resisted, and even bashed it as a collective, but are now facing the reality that they can either adapt, or be left behind. You just know things are starting to get really serious for them to have made this 180. Either way, I welcome it, and if nothing else, I do believe that it's an indication that the future for Bitcoin is bright.
Most people still tag bitcoin as a bubble since they still don't get i or haven't studied it thoroughly--and honestly, even if they do, they'd still be unsure!
Considering how Bitcoin went up in value, it sure looks like a bubble. But, if you consider it went up one million fold in the past 7 years, there's no reason it can't go up one hundred fold again in the coming years.Quote
My take is that the price will never stabilize until big merchants and names in the world economy starts using bitcoin for their enterprises.
If it ever stabilizes, it'll lose the inflow of fresh money caused by speculation. Just like most people don't buy dollars or pounds to speculate on a price increase, this phase will eventually end for Bitcoin too.By then, the people who own some already are rich, and others will just earn it the way they earn fiat money now. Either way, the future potential is too big to risk not getting in now.
Bitcoin itself is no fraud. It can't be, it's a technology that works. For the tulip comparison, it's like saying tulips are a fraud. That's impossible, they're just flowers!
Well we pass the fraud stage then bitcoin now goes to the "bubble" stage they were talking until the price stabilize bitcoin will be the future of finance.
I think that bankers say and do, only what is beneficial to them.
Customers want to earn on crypto-currencies, this will force bankers to give them this service.
Crypto currency-future, ortrodci will soon die out
Customers want to earn on crypto-currencies, this will force bankers to give them this service.
Crypto currency-future, ortrodci will soon die out
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