Bitcoin Forum

The founder of the world's largest hedge fund Ray Dalio said he doesn't think bitcoin is an effective storehold of wealth and compare it to gold.
he said "It's not an effective storehold of wealth because it has volatility to it, unlike gold. Bitcoin is a highly speculative market. Bitcoin is a bubble."
Source: https://www.coindesk.com/bridgewater-associates-head-says-bitcoin-bubble/

Agree? or just another person who wants the value of bitcoin to drop with his statement and invest to it with low price?

For me yes bitcoin is highly volatile for now but Bitcoin have a chance to be more stable if all countries and more and more people will adopt it. If billions of people will use bitcoin I think it will.

Well a lot of people said that, but most of them also invest in bitcoin, for me bitcoin is a very valuble investment and it can be stable and profitable for long term, so I don't really care about whatever people said no matter how expert he is, as long as I can get profit, I will hold it

It appears very much that his investors are asking him why his hedge fund hasn't got a bitcoin holding (the best investment performer this year, remember, even with the pullback), and he is trying to justify why he hasn't bothered.

I think we'll see a bit of stealth buying by hedge funds to ensure that they do have some exposure in the future.

people think all kinds of weird stuff these days. let the next bitcoin rally start and their thoughts will change too...
if you don't believe me you can check the majority of articles on news sites for the past months when the rally was still ongoing. every article was about how bitcoin is not a bubble and how it is rising and being adopted an will be $10,000 by the end of the year.
now they all change subject!

A lot of experts out there discussing online that bitcoin is bubble, ready to blow up anytime but i don't care about them, until now even china banned the bitcoin it still growing, sometimes even if you are expert in something you can't predict what exactly will happen in the future, they are assuming that it is a bubble for now but one day they will realize they are wrong, bitcoin will show a lot potential in the future and im really looking forward for it

they can say whatever they want, as i remember bill gate and mcafee owner said once that no one can stop bitcoin, and from there the value rise so fast, now that its moving downside many speculators wants to ride and make their own statement and opinions, for us believers we wont care about that we are aiming for much bigger results.

Hi I am new to btc, and I am currently trying to learn more about it. Mind sharing, in your opinion, why in the long run that you think btc's value will stabilize? Thanks!

bitcoin is too big to fail. so don't worry.

btc is popualur use such as vpn .

I don't agree with that, The fact that bitcoin is enduring despite negative opinions of influential people like them
maybe he was jealous because Jamie Dimon could manipulate the market easily  ;D

I wish that bitcoin users wouldn't pay such attention to what some irrelevant players are saying abut bitcoin. This doesn't lead to anything good, only to mess on the market but without any reasonable cause. I mean it's good to monitor what is happenig and how the financial industry behaves toward bitcoin but it's not good that everyone react on that and get manipulated.

I disagree, though I admit I really don't know who is Ray Dalio, but who ever he is, though he is the founder of world's largest hedge fund, he still cannot tell what will bitcoin become in the future. I think he is one of the guys who wants bitcoin to drop. That is why he is using his influence to reach out people who wants to invest on bitcoin to stop believing on it, that it will just disappear like a bubble. But as long as we are united, they cannot bring bitcoin down.

This are the reasons why people keep believing in bitcoin, no matter what the state of this person or how he/she can affect the price of this coin for saying something like that, it doesn't affect the price of the coin, because he is just 1 person compared to some big investors there. And btw who's Ray Dalio first? I'm not even familiar with his name. And there are too many people said that but what happen? Even china make their move but the price is still at range of 3,800-4k USD such a strong currency indeed.

I actually don't mind. People like this can inform us of mainstream opinion. And the fact that mainstream investors still view Bitcoin as a bubble means 1) there's still lots of money to be made from this market and 2) we are far from the top.

On the other hand, I'm hearing that average joes are taking out mortgages to buy bitcoins, so maybe we have hit an interim top. Time will tell. :D

There is nothing new if someone says that bitcoin is a bubble because that is a mainstream type of accusation for bitcoin because most of the haters of bitcoin say that the price of bitcoin is only a bubble and that is a complete lie because you can see that the price of bitcoin is getting stabled and soon it will become higher as the demand goes up.

Always the same stuff: Person XYZ with a manager position says XYZ and this means XYZ, also sell all your Bitcoin because XYZ.
Then the same people that say this stuff create a dip and buy everything at the bottom

IMF head Christine Lagarde suggests otherwise though :http://fortune.com/2017/10/02/bitcoin-ethereum-cryptocurrency-imf-christine-lagarde/

I think bitcoin is a bubble because it is not stable and also raise daily, once reach stabled. It is reduced automatically. Ray Dalio is a hedge fund manager. He is not predicting anything about bitcoin.
They predict only demand of bitcoin and cost of crypto currency. Other than that, not predict anything of bitcoin.

Haha hedge fund managers and banks are pissed off by crypto. So, ofcourse they are saying its a "bubble"

I vaguely remember reading an article that suggests he/his team bought quite a bit after the price slipped a little after what he said. Maybe someone could share the article if its true, or know something about it?