@Herbert2020. However for now Warren Buffett and Jamie Dimon are winning in their bitcoin is a ponzi and bitcoin is rat poison squared representation of the cryptocoin.
I reckon the whales dumping their millions in bitcoins also strengthens their representation.
Topic: Jaime Dimon, Warren Buffett have the last laugh? This article will make you mad - page 2. (Read 307 times)
November 24, 2018, 07:58:59 PM
November 24, 2018, 12:34:30 AM
maybe i have seen too many FUDs that this one doesn't matter at all but it didn't do anything to me when i read it. this is yet another nonsense written by someone who either has zero understanding of bitcoin or has some hidden agenda for spreading this kind of nonsense in his article. in either case it doesn't really matter! idiots have been calling bitcoin "ponzi" and worse over the years and it is still growing stronger despite all that.
November 23, 2018, 07:18:40 PM
@dothebeats. Is it only to demoralize and to make you stop pursuing getting rich? I reckon the Warren Buffets and the Jaime Dimons of the world do not want the technological development of the whole cryptospace for very clear reasons why. It is threatening the existence of the system that made them wealthy.
November 22, 2018, 10:46:40 PM
Many articles similar to these have been rehashed and are surfacing every now and then, most especially when prices are not so good and the market is gloomy. True that during this time, we are experiencing tremendous losses over our investments but haven't these investing elites experienced the same back in the days? They are acting as if everything is all good on their side since they have a lot of money and a lot of government friends with them. They simply just want other people who found a way to get rich to be demoralized and stop pursuing getting rich. Just carry on, I'd say. With the number of bubbles and bursts we have had in the past few years, there are also countless other articles such as this that have spawned yet we still always find our way up.
November 22, 2018, 09:59:52 PM
I have to say that the writer, Lionel Laurent, certainly knows how to push someone's buttons. My head was boiling as I was reading the article. He does not only make it appear that bitcoin is a ponzi scheme, but he also implies that it will be in bigger political trouble, which might argue that we should stop supporting it and its ideals.
Who does he think he is?
Bitcoin was meant to make all of its investors rich, something that held particular appeal to a millennial generation hungry for a financial boost in a world of crushing student debt, income inequality and low quality jobs. It was meant to be free of Wall Street’s corruption and the US government’s meddling technocrats. It was meant to be secure, with a price that would go ever higher. For the hardcore evangelists, it would reward its acolytes when the inevitable financial apocalypse arrived. The dollar was destined for scrap.
And that we should all stop listening to fuddyduddy “experts” like Jamie Dimon, Warren Buffett and Jack Bogle. The old closed ways of investing would be usurped by the buying power of the masses.
Unsurprisingly, none of this has come to pass. The Bitcoin bubble of 2017 – mercifully short and economically contained – has enriched only insiders such as mining companies and crypto-exchanges, and the early birds and tech elites who cashed in at the right time.
For the patsies who arrived late to the party, it has been a tool of financial impoverishment. About $700 billion has been wiped from the value of digital money since January. One Korean teacher told the New York Times in August: “I thought that crypto-currencies would be the one and only breakthrough for ordinary hard-working people like us.”
Nothing on the Bitcoin label turned out to be in the bottle. As a means of payment, it is cumbersome, volatile and expensive. It has destroyed value rather than storing it. Its decentralized technology was sold to investors as being unique. It has been anything but.
Finally, if the frustrations that drove people to chuck their savings at a virtual ponzi scheme aren’t resolved, we’re only setting ourselves up for bigger political trouble down the line.
Read in full https://economictimes.indiatimes.com/markets/stocks/news/jamie-dimon-and-warren-buffett-have-the-last-laugh-on-bitcoin/articleshow/66744160.cms
Who does he think he is?
Bitcoin was meant to make all of its investors rich, something that held particular appeal to a millennial generation hungry for a financial boost in a world of crushing student debt, income inequality and low quality jobs. It was meant to be free of Wall Street’s corruption and the US government’s meddling technocrats. It was meant to be secure, with a price that would go ever higher. For the hardcore evangelists, it would reward its acolytes when the inevitable financial apocalypse arrived. The dollar was destined for scrap.
And that we should all stop listening to fuddyduddy “experts” like Jamie Dimon, Warren Buffett and Jack Bogle. The old closed ways of investing would be usurped by the buying power of the masses.
Unsurprisingly, none of this has come to pass. The Bitcoin bubble of 2017 – mercifully short and economically contained – has enriched only insiders such as mining companies and crypto-exchanges, and the early birds and tech elites who cashed in at the right time.
For the patsies who arrived late to the party, it has been a tool of financial impoverishment. About $700 billion has been wiped from the value of digital money since January. One Korean teacher told the New York Times in August: “I thought that crypto-currencies would be the one and only breakthrough for ordinary hard-working people like us.”
Nothing on the Bitcoin label turned out to be in the bottle. As a means of payment, it is cumbersome, volatile and expensive. It has destroyed value rather than storing it. Its decentralized technology was sold to investors as being unique. It has been anything but.
Finally, if the frustrations that drove people to chuck their savings at a virtual ponzi scheme aren’t resolved, we’re only setting ourselves up for bigger political trouble down the line.
Read in full https://economictimes.indiatimes.com/markets/stocks/news/jamie-dimon-and-warren-buffett-have-the-last-laugh-on-bitcoin/articleshow/66744160.cms
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