Why is Bill Gate against investing into bitcoin?

Babyrica0226

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Quote from: Mary Ofosuhene on May 31, 2018, 01:11:27 AM

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

Bill gates is one of the riches person in the entire world, if He said something about negative things in bitcoin in terms of investing on it.
I don't think that He is telling the truth, why? remember that He is a business man, who knows that this might be His way to dump the price value of Bitcoin, He might using His influence to convince people to follow His thoughts then in the end when it happen that Bitcoin dump its value He will take the opportunity to a huge of bitcoin and then Hold.

leech.

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Because he has his own interests, which we can only guess. Bitcoin is a very big thing. This is just a division of spheres of influence.

dentolas

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arcs-chain.com

First of all, is the source confirmed? Are we sure? At this point, with so much FUD and fake news around, the only way to be sure on what oncle Bill thinks would be to speak to him...
Than, we shouldn't believe on everything we hear.... oncle Bill has a large stake on ETH (or supposedly he has or had)... so it is only natural that BTC is not so good, and besides, do we know that he is not fudding in order to accumulate???

btyco

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He was just fudding to bring the price down, his strategy worked so now he can invest his billions and double his fortune. Same as warren buffet who he probably colluded with

zoeylee

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Semi-Decentralized Exchange

I think a billionaire like Bill Gates doesn't need to take the risk of the volatile market.

biletskiy

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Quote from: Gabrielexas on December 11, 2018, 10:02:21 AM

Bill gates also admitted that Bitcoin is better than currency here https://www.youtube.com/watch?v=vwHKGa96S9M

Yes, I know. I always suspected that Bill Gates was among those men, who were the first ones to invest in Bitcoin. This is a very intelligent person, and he could not miss this chance.

udivkx

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Surely he has a pretty good reason not to believe in bitcoin and not to see the prospects of its use. But it is not under all to think as there are many positive opinions about bitcoin from no less influential personalities.

tiktak89

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It is possible that people like bill gates are quite conservative in some ways and do not see a future for cryptocurrency. But I do not think so, because not only computers and operating systems should develop, but also money.

Udrujec

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I don't know the true reason why bill gates doesn't trust bitcoin. But even despite the statement of this authoritative person in the world of technology, I continue to be confident in bitcoin and its technology. I think that his prospects will be justified.

wxa7115

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Bitcoin is GOD

Quote from: Pagoda.to on December 12, 2018, 09:54:24 AM

Yea I often don't like to take investment advice from people who are not real traders or cannot relate to the average person.

You should probably never take investment advice from anyone, you never know what their intentions are and it is impossible for you to be sure if they are being honest about the advice that they are giving you or if they have hidden intentions and they are trying to make you buy an asset because they're going to benefit out of it, you need to reach your own conclusions about the market and then act on those conclusions.

This is why investing can be so hard you cannot trust anyone when it comes to the advice that they are giving and you need to find your own reasons of why you should invest or not in a particular asset and if you are not capable of doing that then you should not be investing in the first place.

gesdan

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i don't know about the reason that makes hie don't like bitcoin and investing on it, maybe some people have their own reason that hates bitcoin right? and i think that its normal when people disagree with other people statement

Loopper

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Quote from: Spider A4 on December 12, 2018, 08:57:42 AM

Many multi billionaire have invested in BITCOIN. But they never published in openly, but if cryptocurrencies is a anonymous so everything is hidden who have how much invested or not.

This is just their plan to make a big profit and not show off the benefits they get. This has all been planned to happen. You should learn the choices of several people to produce a different thing than the reality.

Pagoda.to

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Yea I often don't like to take investment advice from people who are not real traders or cannot relate to the average person.

Perunex

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FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Of course billionaires are against Bitcoin as it can reshuffle the cards. Would you reshuffle while holding AA or KK? Of course not.

Secondly, Mr. Gates is not an investor. I wouldn't trust his judgement on any investment, even the traditional ones. His value would only be some internal info and that is quite hard to get. And sanctioned of course.

Spider A4

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Many multi billionaire have invested in BITCOIN. But they never published in openly, but if cryptocurrencies is a anonymous so everything is hidden who have how much invested or not.

kalel18

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no need for bill gates to invest in any bitcoin, if everyday he earns a millions why you still invest in bitcoin, and maybe they do not have time because of their business they have no time for it. When I'm like them I will not do anymore to invest it I'll spend my time on my business that's my assurance.

valisa

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most rich people like bill gates are not interested in bitcoin, maybe because they have a lot of money and they think bitcoin is unprofitable and has a high risk. they argue that bitcoin is not the best choice for investment, maybe that's the reason why many rich people oppose investing in bitcoin.

bitfocus

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Those their personal opinion, your opinion should be your own and not be biased by anyone's decision.

BurgerCash

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Because bitcoin is not a good investment nowadays. Maybe at $10 - sure, but nowadays it's only worth shorting it.
Bitcoin will only succeed if it succeeds as a currency, and even its devs are opposed to this idea.
Bill Gates wants you to put your money and efforts into something productive, not the lottery ticket that BTC has become

vedderpeterson

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People will always have different outlook and opinions in life. If he doesn't want Bitcoin then just let him..we will just continue also supporting Bitcoin.

Topic: Why is Bill Gate against investing into bitcoin? (Read 3175 times)