Bill Gates could only just be expressing his pessimism for Bitcoin in terms of it's usual spontaneous correction in price, and looking at it from not just his point of view, it's a risk concern that not only Bill is worried about, but every Bitcoin investor, but that's not enough to call it a Bubble or anything of that sort, there have been so much price corrections in the history of Bitcoin and the price works itself back up in no time, that's more than enough reason for people to understand that Bitcoin is not a Bubble.
But having said the above, there are different investments and not all can suit everyone out there, Elon Musk may have endorsed Bitcoin, and that's good for the network as it helped cause some hype, but the thing is even if he didn't, quite a lot of people, even institutional investors already know how good the network is, as a hedge, for control, freedom, ROI etc, thus whoever expresses their opinion of Bitcoin, whether good, bad, right or wrong, does not matter too much, if one believes in the network, then let them go ahead and invest after they must have done their research, and not holding onto tweet or talks of anyone, not even established/successful businessmen.
Topic: Who is wrong? - page 6. (Read 922 times)
Elon and Gates have different opinions about crypto and it's very similar comparing orange and apple when you are asking about who is wrong.
You nailed it, this two super billionaires have their own understanding and opinions about crypto, whatever it is they've got their own explanations about it.IMO when you are on the crypto supporter side and then what already said by elon was true and gates were wrong in this case but the different result when you are an ordinary people who know nothing about crypto.
Exactly, it's depends from who's going to listen and who's following them. I do believe you will believe what gates said about crypto.
Git your point and all those who have their shares rearding to thier position about this industry. 
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
The question that you are asking is not as simple as just watching how much money those two would have earned with their predictions, if it was that simple then Elon wins this by a mile, if Gates had shorted bitcoin back then he would be bankrupt despite his huge fortune while Elon is even richer than what he was already.Who's right? Let's discuss.
However things are a little bit more complex than that, bitcoin itself is not a bubble but we know it has caused bubbles in the past as there is too much demand at specific points in time, it seems Gates does not get this and this is why his assessment of bitcoin is wrong and bitcoin will keep being here long after Microsoft disappears.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
Nobody is wrong because it is their own prespective to see things according to their own interest and you can't say one is wrong.It is just your beleif that whether you want to be part of Bitcoin or decentralised world or not.There are many people who thinks btc is bubble same like Bill Gates but we don't need to prove them wrong individually because time and bitcoin adoption will do it alone.Many who think that Bitcoin was fraud coin or bubble in the past are now the ones who are adopting Bitcoin and ready to invest in it also.Federal banks were against bitcoin because it was their main competetor but now they are also providing crypto related transactions.So don't prove anyone wrong they will realise it's true importance in future. Who's right? Let's discuss.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
I agree more with Elon Musk in this matter because he really likes the crypto space and wants to accept Bitcoin as a medium of exchange with the products he owns, so that the crypto space is more alive and trusted in the eyes of the public. Who's right? Let's discuss.
Both are the greatest influencers in technology industry. I respect all the statements that bill gates raise about bitcoin. I believe he already research for it before he reveal it to public. And elon of course a bull run button in cryptoverse also have his own research about bitcoin and crypto in general. No need to ask who right and who is the wrong one. Next in the future, if bitcoin have something that Gates searched for, I am sure he will change his mind.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
I think Bill Gates doesn't want to invest because he's still afraid the bitcoin market can't be controlled by him, and Elon musk because he's testing the bitcoin working system Who's right? Let's discuss.
Elon and Gates have different opinions about crypto and it's very similar comparing orange and apple when you are asking about who is wrong. IMO when you are on the crypto supporter side and then what already said by elon was true and gates were wrong in this case but the different result when you are an ordinary people who know nothing about crypto.
I do believe you will believe what gates said about crypto.
I do believe you will believe what gates said about crypto.
I understand Bill Gates knows the truth about bitcoin but chooses to shy away from endorsing it, well the genius has a good track record in tech and has contributed his best to humanity but he really doesn't know it all, in terms of bitcoin his opinion is honorably wrong.
Everyone certainly has different views in seeing things including in the world of crypto, in my opinion there is nothing wrong with what Bill Gates said because of course he has his own reason for not investing in bitcoin, I remember that last February , Bill Gates gave a statement that said if you are not a rich person you should not invest in bitcoin and Bill Gates also said:Elon has a lot of money and he's very sophisticated, so I'm not worried that his Bitcoin will randomly go up or down, I think the people involved probably don't have much money to spare.
https://www.bloomberg.com/news/articles/2021-02-25/it-s-gates-versus-musk-as-world-s-richest-spar-over-bitcoin
So it is only natural that Bill Gates reminds other people who do not have more money not to invest bitcoin all in without any other savings.
Bitcoin or other crypto currencies are a serious danger to banks, but it is a fact that it is not possible to use Btc in daily life. Gates may not invest in Btc, which is currently on the rise, but one day he will. Might be waiting for the fix in btc.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
Both sides have different opinions with regards to the matter and we should respect that specially the position they achieved in life. On the other hand, we should not compromise the assessment or definition we set by ourselves when it comes to bitcoin. Everyone is entitled with their opinion but not everyone will agree to your opinion. Elon Musk and Bill Gates might have all the riches a million of people could attain their whole lives but that doesn't mean you need to listen and believe them right away. Regardless of what perspective they are siding on, either pessimistic or optimistic about bitcoin, you have all the capability to determine which side do you think is right depending on your experiences and observation. Who's right? Let's discuss.
I understand Bill Gates knows the truth about bitcoin but chooses to shy away from endorsing it, well the genius has a good track record in tech and has contributed his best to humanity but he really doesn't know it all, in terms of bitcoin his opinion is honorably wrong.
It doesn't matter who is right. Only your investment matters. Many opinion leaders on Wall Street scolded Bitcoin and other companies, and ordinary traders and smart people bought Bitcoin and other cryptocurrencies when they cost 5-10 times cheaper than now.
Any opinion leader always has an advantage. He can change his mind and buy cryptocurrency, but you always find out about this after. So think with your head.
Any opinion leader always has an advantage. He can change his mind and buy cryptocurrency, but you always find out about this after. So think with your head.
the debate between the world's two influencers about cryptocurrency is very interesting. but we are sufficient to judge within ourselves which one is better to serve as an answer, the most important thing is how we see the current situation on the answers that exist in public. after that equate our answer with the statement elon musk or bill gates. it's better than we have to tire of debating
is there a close enough relationship between Bill Gates and Bitcoin? because as far as I know he is the one who most loudly criticizes Bitcoin from all aspects .. what made him profit from the criticism? then on the other hand, has Bitcoin criticized Him for interfering in our affairs Bitcoin users?
I think there is nothing wrong and right in this. You cannot impose your will or thoughts on other people, everyone has a way to profit, not everyone in this world has to join bitcoin or cryptocurrency. If your friend joins and he or she suffers a loss, are you willing to make up for the loss? Prices in cryptocurrency are very volatile. the risk is too high
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
Their words and opinions are always the answer for us, depending on each time of this market that judgment may be right or wrong. Now I think about Elon's point more, since there is a strong growing market right now and many people think it will be a hybrid for use around the world. Who's right? Let's discuss.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
Who's right? Let's discuss.
I believe that the question must be analyzed more in depth and most likely there will never be a single truth that accommodates everyone, personally if we consider its value intended as purchasing power, the history of these 12 years has shown that it has proved to be one of the best investments ever.
What it represents, on the other hand, is much greater and there has never been anything comparable, the financial freedom it can give is tangible, but I quote a spiderman film: "from great power comes great responsibility".
Bitcoin and blockchain effectively eliminate trust between individuals by digitizing it, but behind Bitcoin there is man, miners are men, whales are men and by nature man is corruptible.
If the global financial system continues to reduce the purchasing power of the individual by printing dollars for 60 years without improving the lives of all, the distributed nature of bitcoin could give a longer duration to economic sustainability before seeing a large number of coins. be accumulated in the hands of a few.
summarize my opinion, optimistic yes but not sitting on the moon.
Since Gates last appreciation regarding crypto back in 2018 when he said that he would short BTC if there was and easy way to do it, Bill Gates recently described Bitcoin as a mania/bubble so he is still pessimistic, while others like Elon Musk have revealed that they believe not only BTC could rise exponentially in value.
Who's right? Let's discuss.
Who's right? Let's discuss.
Two different individuals, so obviously they will have a different outlook and perspective as far as bitcoin goes. Although we may call Elon Musk a true visionary or at least the latest one as compare to Bill Gates who is old and very traditional.
So in any case, I would favour Elon here, as we believed that bitcoin can get into $100k or even more just in this cycle alone.
I don't care about their point of view, because what they say has its own basis. Both are very successful people in life, so their perspective will show us a comprehensive view of this market problem that it has a lot of good points and bad points.
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