Topic: Media Article "Experts" trying to get cheap bitcoin (Read 879 times)

If the Fakestream Media starts hyping BTC and tells everyone to buy it I'M GOING TO SELL! Then we know it's a bubble!

Right, most people that talk bad about Bitcoin or post FUD about Bitcoin have a purpose that they want and that purpose is usually that they want to purchase Bitcoin on the side.

I purchase Bitcoin without the news giving an influence on when and how I purchase it. The news does bring a few funny articles about Bitcoin sometimes.

Bullish.

If the media starts talking too good about Bitcoin, then it is overhyped and probably overbought, you all know.

Something of note he mentions in the video, is the company that brings an applied application of the blockchain to the masses that is where billions will be made.

I definitely do not think indiastack will be the world wide solution.

I'm betting on Ripple here.

plenty of things go exponential and stay, you know adoption of electricity, phones, railways, reading.....


the guy is a normie who can not wrap thier mind around what crypto is

I don’t think it is a bubble either, yes bitcoin grew much in this past months but the price has remained in around the same level now and there is no sign that it is going to stop anytime soon.

many better known people have said already its not bubble

countries are using btc now

some articles always tell otherwise but thats not the truth. we know what is the real situation with btc today. even if it comes little down in price, it will be great invention and for me better than going to banks all day

That's called unrealistic expectations and wishful thinking, which are the primary fuels for a bubble. It's one thing to ask "what if?", but it is a bubble when people start believing it is certain.

It might be a bubble and it might not be a bubble. What if 3 trillion more Euros come into the market next year si it a bubble now, NO. It might be then but not this one.

So anyone who says it's a bubble is ignorant because they don't know how much money is coming in if none is then it's a bubble but you dont' know that!

They say to "follow the money" and if we could we would see lots of people doing FUD articles are the ones lining their pockets

Eventually they will realize this is a movement that cannot be stopped

Eventually they will realize they were wrong

If I had just sold all my bitcoin and wanted to buy back in for cheaper, I'd do the same thing this guy did in his position and write an article saying what he said and encourage people to sell. Watch, after he does buy back in and increases his position he will write another article saying what a great time to buy bitcoin it is, blah, blah, blah...

This is 100%. While we are in a bubble, evidenced by the profit taking that is going on as we speak (oh, y'all might want to Tether™ if the narkets aren't depressed, if they are, there are other ways to tether your value. think cryptos that are tied to physical assets ). But every time we dip, which is a pretty constant thing, pundits pop up talking about "this is the end of bitcoin". It's volatile. Get over it. But it makes a good talking point. And an easy article for a tech contributor to write.

And as you suspect, these guys press 'Publish Article' the same time they press 'Submit Buy Order' this would be illegal if the SEC regulated btc like stocks, BTW.

When people don't want to consider that this ridiculous run-up in price could be a bubble, then it is probably a bubble.

What do people think will happen? Do they think it will continue rising at this pace and then just level off? It doesn't work like that!

I'm not convinced this guy understands what is actually happening and why bitcoin price is being driven upwards.
His mania theory sounds more like someone who missed out on opportunity rather than someone who made off with a huge pile of bitcoin cash And it appears he is promoting something called the "indiastack" .

Oh well will see if this bubble theory which is being sounded by all those who didn't buy early holds up in the future.


https://www.forbes.com/sites/oliviergarret/2017/06/12/raoul-pal-bitcoin-is-mania-and-not-a-store-of-value-i-sold-out-last-week/#7cd09dba65ad



The price of Bitcoin has risen by 210% since March to over $2,900… and one of the world’s most successful investment strategists is warning investors to stay away.

Speaking at the Mauldin Economics’ Strategic Investment Conference, Raoul Pal—author and publisher of The Global Macro Investor, an elite macroeconomic and investment research service—said Bitcoin’s explosion upward is mania.

Bitcoin Is a Bubble

 “The explosion [in the price of Bitcoin] is mania. It’s people looking for a rate of return. It’s in the bubble phase. [Bitcoin] goes through this periodically… it rises several hundred percent, and then collapses.”

 In December 2013, Bitcoin ran up to over $900 and subsequently collapsed to below $250… it would take three years for the price to again reach those highs.

Source: Coin Desk
Source: Coin Desk

Source: Coin Desk

Exponential Moves Always Blow Up

 Pal, speaking in an exclusive interview with Mauldin Economics, made ten-times his money on Bitcoin and thinks now is a good time to get out.

 “This is the most exponential move we have seen. I don’t know how far it goes, but I sold out last week… and I’ve [owned Bitcoin] since it was $200. Anything that moves exponentially, always [blows up].”

 However, Bitcoin’s meteoric rise isn’t the only reason The Global Macro Investor exited his position.

Only 21 Million Bitcoins? Not necessarily.

“Bitcoin was supposed to be a store of value, you couldn’t mess with the formula… and now they are talking about a ‘hard fork’ changing it?”

A feature that has attracted many investors to Bitcoin is its built-in scarcity. It’s widely thought that only 21-million Bitcoins can ever be ‘mined’ into existence.

However, senior developers and miners are now contemplating a ‘hard fork’ which would split Bitcoin in-two and allow for the creation of more Bitcoins.

“Even if they don’t change the formula, the fact that they could? That’s enough to say it’s not a long-term store of value.”

 Pal says a recent development in India also changed his views on the crypto-currency.

Could “India Stack” Replace Bitcoin?

 “India introduced a frictionless payment system, [something] that everyone in Bitcoin was working on… this was [Bitcoin’s] great project and India went and did it for 1.1 billion people, fifty-times faster than Bitcoin and its rolled out and working now.”

 Pal is talking about “India Stack,” which will soon process more transactions than Bitcoin ever has.

India Stack allows users to open a bank account, mobile phone account, or share medical records at any hospital or clinic in India with your fingerprints or by retina scan.

In the March edition of The Global Macro Investor, Pal said of India Stack:

“This revolutionary digital infrastructure will soon be able to process billions more transactions than Bitcoin ever has. It may well be a Bitcoin killer or at best, provide the framework for how blockchain technology could be applied in the real world.”

What About Blockchain and the Future of Finance?

 For Raoul Pal’s thoughts on the technology behind Bitcoin, the financial system, cashless societies, and more, watch the full interview below.


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