Why is Bill Gate against investing into bitcoin? - page 9.

Terra_Anon

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Quote from: asdep on May 31, 2018, 02:02:19 AM

Bill Gates said that is not without reason, there is a good reason too.

In an interview, Bill Gates said that the anonymous nature of blockchain technology as a basis of cryptocurrency could have a very bad impact.

"The main feature of cryptocurrency is its anonymity, which I think is not a good thing because it can provoke more crime, terrorism, and tax breakers," he said.

In addition, the utilization can also give a very horrible effect for users, one of which is losing his own life.

"Currently, cryptocurrency is used to buy fentanyl (a type of pain relievers) and other drugs, so it can be said this technology can cause death indirectly," he said.

This is very well said. Bill Gates is just being honest with his own opinion on how he see things are gonna be. If you think about it really we can only be as optimistic as we can be about Bitcoin and Crypto currency. Nobody is certain on how the future can be.

monster2

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Of course, wealthy people like to know and how to earn bitcoin so they can experience a huge impact on earning bitcoin money so bigcoats are raising bitcoins today as big investors also invest in bitcoin.

honey8

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Many big tycoons like bill is agaìnst bitcoun because they are still unaware abput its potential..on the other hand there are many believers of bitcoin.

Hammonds

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Quote from: mk4 on May 31, 2018, 01:14:44 AM

Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.

I agree with you, they are destined to be big people and rich people, so they can only warn us about the cryptocurrency.

If I myself as a small person just keep trying to be the best by way of Cryptocurrency and hope to soar up.

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?

I don't think Bill gates was against investing into Bitcoin, because He is a tycoon businessman, it could be one of his strategy actually, since He

knows the Bill gates was very influential billionaire person probably he believed that the value of bitcoin will goes down because of the FUD he will

will going to make then once bitcoin down He can buy a huge of it then also hold in a long terms.

Mofazzal840

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Yeah,I actually don’t know more about this. If it is true. Then I think he should believe in Bitcoin. Anyway, many men many minds. It is his own choice personally.

lamadu3

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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?

People like him already have a lot of money and maybe they think crypto currencies are too risky to invest. I think that they are afraid to adopt new technologies.

rybaplmcteam

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OF course is the future , but is uncomfortable to use now because of the OIL GROUP.

cryptedshiva

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He is an old-school guy. Do not worry, he'll get used to it. Cheesy

ostrovagaly

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In my opinion, such rich people making public statements are not entirely honest with us, because to become such a rich person you need to have a unique brain that sees any opportunity to earn, on the basis of this I can say that they invest money in bitcoin. And they make good money on this, and no one can know whether it is because you know everything anonymously.

NelfiNovita

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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?

he is a bitcoin hater and does not want bitcoin to thrive, and that's why he's opposed to cryptocurrency investment. especially at this time the price is low and that makes the users have little doubt about bitcoin.
I suggest that we remain optimistic on bitcoin.

lamcouz

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If bank starts making used of crypto, by means of exchange to be calculated based on the country money value to the equivalent to bitcoin. They also go into bitcoin as an asset,.Giving loan is one of the most important aspect of Bank and we are seeing now there are lots of crypto available that are giving loan to their customers.

jiggahovito

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its a thing of personal decision and how much you believe in what you are doing. life is a game of chance it is either you are winning in cryptocurrency or you are losing.

moirasheeran29

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I think people like bill gates does not want to invest in risky ventures specially with the volatility of bitcoin. People like him i think are just being really smart with his money even if he has tons and tons of them.

jaaeeeyyyy

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Quote from: mk4 on May 31, 2018, 01:14:44 AM

Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.

I guess what bill gates and warren buffet trying to say is cryptocurrency is not a trusted due to high volatility rate. Bill gates who is known for richest man alive after founding microsoft has the ability to control the market, figuratively speaking bill gates can own a large portion of share in the cryptomarket if ever.

saruxanyan

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I have already seen many times how people change their minds! I'm sure that the fastest of all is where he is already investing in the crypt world! as well as the company continues to develop in the crypto market! So I'll see how he will talk about the crypto industry in a few years!

ridertiger

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He is just old. Sometimes old people are set in their way, even when they own Microsoft.

Almirante3

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Bill Gates did not always utter harsh words against bitcoin.

In 2014, in an interview with Bloomberg, he said that this criptomoeda was "better than money".

This time, however, the businessman evaluated that, unlike money, the crypto-coins can be used remotely, which makes it difficult to control the management of resources.

His comments on Reddit were not well received by anyone participating in the debate in the forum. Some criticized him as saying he was ill-informed about the technology and that he needed to study the subject better.

Others have evaluated that Gates would be trying to influence the market with his criticism.

vagsun

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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?

Rich people such as Jeff Bezos, Bill Gates, Warren Buffet etc do not have any interest in investing in crypto because of their volatile nature. These people are of the view that investing in crypto is like gambling because of the high rate of risk. These people are already having too much wealth that they dont want to increase their wealth by taking a huge risk. So they play on the safer side.

biskitop

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because the bitcoin fluctuations are so big a risk. I think not only bill gates, but almost some people will say the same about bitcoin. how to manage money, while bitcoin prices suddenly rose drastically and suddenly dropped dramatically.

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