Bitcoin Forum

I think this article should boost the morale of bitcoin users. According to this CNBC article, despite bitcoin having a rough year, bitcoin supporters including financial experts, tech investors and CEOs remain excited and still see the digital currency breaking its record highs from last year. One CEO even referred to Bitcoin as digital gold.

Despite what the general media says, it’s definitely good that these respected experts in the finance world are expressing their support for the digital currency. This is good news and a big step forward, right? This could help influence others into accepting crypto as well. What do you think?

Source:
https://www.cnbc.com/2018/07/12/bitcoin-crypto-cryptocurrency-ether-etheruem-digital-currency.html

2nd richest man Warren Buffet said Bitcoin will end up badly.

Yeah, while Warren Buffet is a brilliant investor, he is not from this technological generation. I want to write a bit and vent about why Warren Buffet isn't right about everything and why he couldn't be more wrong about Bitcoin. He doesn't understand something like Bitcoin. And no, I am not just saying it because "he's an old man and just doesn't understand it." That's only a small reason, there are many other factors at play. It appears as if he takes it at face value and says "oh this internet thing people are buying are dumb! It's just an internet thing, it produces no value, why buy it?" when obviously Bitcoin is much more than that.

Chamath Palihapitiya put it best when he talks about Warren Buffet's negative comments on Bitcoin. Warren Buffet himself said to define a circle of competency and stay within that circle. As Chamath said, Bitcoin is not in Warren Buffets circle of competency. It's actually not even in the same world as his circle of competency. It is an error for him to comment on Bitcoin as if it is just some bubble with no utility and no value. Bitcoin is a brand new invention that has only been around for the last 9 years. Even with Warren Buffet's investing expertise, the world is significantly different now than what it was when he was just starting out. Mainly because of the internet. Information spreads much more quickly and trends catch on near instantaneously. Frankly, the generation that was born with the internet around (or was a young adult when the internet was taking off) is vastly different than any of the generations before.

This millennial generation would much rather invest in Bitcoin than invest in gold. A very large amount of gold's value is purely from speculation, while a fraction of that value is actually from industrial use cases. The younger generation will continue to invest in Bitcoin over gold because that is what we have grown up with. Digital things in an interconnected, digital world. We are used to this and actually prefer this over anything else because it is just plain better. That is why so many industries have been disrupted by the internet (taxis [Uber], phonebooks [Facebook, Google], television [Netflix, Hulu], Landlines [cellphones/smartphones], encyclopedias [Wikipedia], etc). The younger generation adopts this technology first, then everyone else follows. The new paradigms then slowly work its way back in time to the older generations and they begin to use it after years and years of it being around. Some actually never change.

The invention of the internet has irreversibly changed the world and therefore the way that every single person thinks. Bitcoin is the same exact way, and millennials love it. Bitcoin is disrupting a much larger industry and because of that, it does have a huge target on its back. Thank's to Bitcoins anti-fragility it has been able to grow and thrive. It will continue to do so as more young (<18) people grow older and pick Bitcoin over gold, and the older generation eventually does the same. This happens with every. single. technological innovation/trend.

The reasons why cause warren are supporting market stock and he dont want to lose investors and he wanted to influence more people to keep stay with market stock.

With many expert say bitcoin have a future and able to grow even into 60k it makes more sure to hold all of my coins.

the worse news hit bitcoin is from the intellectuals and the richest people in this country as well as the technologists, I guess they just want the fall of bitcoin prices and fear their reputation but whatever their opinion of bitcoin, the richest people and technologists in the world believe that bitcoin is the future of many more of them

I would agree with you. Warren Buffet said bad for Gold also. That is how they take DOW Jones to 25,000.

Bitcoin will end up badly for sure,the real question is when it will end.The minority of the financial experts are excited,but I couldn`t care less about them.They are just a crowd that follows the trends.If the current bitcoin price was 20,000 USD ,all those "excited" experts would scream "bubble,scam,speculation,run away and don`t put your money in bitcoin".

how are you sure about that?
bitcoin is new and it is the first of its kind. it is the only decentralized money which some people still consider experimental but there is no way of being sure about it ending badly!!! all the evidence points to a better future for bitcoin and continuing stronger than ever in the near future and far future. yes there is also a chance of it ending badly but only a small chance and with all the effort put into improving bitcoin that chance is closer to zero.

Don't worry about what others are saying, they are nothing more than a bunch of hello-when-can-I-sell-at-$50,000 minded people.

Those who are here for the money will end badly, because they one way or another will lose patience and sell out of free will, or they will panic sell at a loss. It happened years ago and is still happening right now, and will continue to happen for many more years. Coins always flow into stronger hands, and we should be happy with that.

There is nothing more than it being an option that Bitcoin will end badly. The odds of that to become reality are as high as Chuck Norris being Satoshi and Trump at the same time. It is technically possible, but close to impossible at the same time.

Bitcoin isn't perfect money, never will be, but at least it's better than all the fiat money we are dealing with today, and isn't based on debt. The fact that no one can seize your assets or block your transactions is reason enough to use Bitcoin, and more people will appreciate Bitcoin for that in the coming years.

Finally someone in the media is reporting the truth buffet and jack have called for bitcoins head but have failed miserably, now the community is smarter and can see why they're giving such unwarranted statements it's important to understand the bankers are behind it and these are paid statements, so I'm glad when people defy them and speak truth about bitcoins.

Yes if financial advisers is excited about bitcoin then definitely its a good sign for who is trying to invest in crypto currency, but warren buffet says this is the end of bitcoin because he support stock market and don't wanna loose customers who are ready to invest in cryptocurrency because he is making peoples panic and trying to He not loose his customers for stock market.

When we allude that it can end, are we saying that the whole business would be gone too? Or are there other coin or coins that we come up to carry on with the cryptocurrency or is going to die?

At last, CNBC posted something beautiful on their headlines not like those articles that they keep on posting that's causing a lot of panic and fear.

Chamath experienced on how bitcoin grew for the past years and has bet on it, just like most of us here we do experienced how bitcoin growth for the past years so no one can change what we have tasted.

You guys losing hope? you sold at dip?

I have heard of that also, but there are many different opinions. AS for the stock market he wont loose customers, as long as he stays on track. Its not important not to cause panic and no one will panic.

Nobody here would believe this. First because he can't know the future. Second is, as what he said why he didn't invest in bitcoin is that he doesn't understand it. This is just speculation. Bitcoin is just 9 years from the time it was made. Just give it another one or two decades and let's see if it dies or not.

The question we need to ask ourselves on the issue of Mr. Buffet is he his actively involve in bitcoin. I guess he his trying to protect his interest in stock markets where his majority of his focus his.
We should be happy others financial experts had different opinion.

When did Warren Buffet become God? I’ve noticed how so many people take his words so seriously. Guys… there is power in numbers okay. Goggle what "People Power" did in the history of the Philippines.
If society continues to use bitcoin and continues to trust in it and its technology, then it would be safe to say that digital currency will be in our future. Trying to stop technology is almost an impossible feat.

It's a very low price but we should not be pessimistic about it. In fact Bitcoin is still ahead and this is a good opportunity to invest because its price is very low

Well, different people has their own perspective and belief in life. But the huge of people that are already experts in this fields can be serve as one of our basis when it comes in the movements of bitcoin. If they are excited and still believe that it will reach or maybe surpass the value of it from last year well I think it is possible to happen. However, a true believer of this system never had an idea that bitcoin will be end soon and still have the thoughts and believes that it will be recover again and performing well in the next few days.

He is not the only experts and we all know this guy is old stuff and don't care about technology I read that this guy does not even use email, so why we care about his ignorance, even if Bitcoin get massive adoption he will stay say the old thing because he is an unbeliever from the start.

I do not need the good news from the financial experts or the Crypto expert, I myself know that Bitcoin is a very potential currency in the future. If you are a great believer, you will easily become wealthy by investing consistently.
Now is a great time to invest in Bitcoin because its price is too cheap. buy and hold within 1 year, good results will come.

Most of same "experts" didn't say a word when bitcoin hits 19k, just a few. Bitcoin is a new technology and it has own dynamics (anonymity, volatility, altcoins etc.) and current financial system may not understand how process is. I dont blame them. Even i agree with them little bit. For now bitcoin investment looks too risky but we see how much bitcoin powerful is in future.

To compare bitcoin and gold, it is necessary that bitcoin existed at least a hundredth part of the time that gold exists. Everything great is seen from a distance. Bitcoin exists only nine years. And what if it really is just a financial bubble? To admire bitcoin, it is necessary that it lasted at least a hundred years.

We should not listen to what the media says. They just always have negative news about cryptocurrency trying to discourage others to try cryptos. Let's just try to be positive and have confidence in bitcoin.

For me it is one of the most valuable and important signs in the world right now, that we are still not lost and we cannot be done with bitcoins still. Because all those experts are believing in it, and so should we.

does the person's word have an effect on bitcoin?
I suspect it's just a nonsense, no one can guess the future. could be tomorrow he became the second poorest person in the world.
the wheel of life keeps turning.  ;D :D

I had read this article and was not suprised at all with the opinions of our experts.It's been too long since the Bitcoin has seen any spike.I wish is this could happen but I doubt.Every coin has another side and in this another side experts like Warren buffet,Dr.John C Edmands,Andrew Schrage,John O'Donnell all are loosing their faith in Bitcoin.This might can just put the end on Bitcoin.

With so many recent ups and downs, last 24 hours were quite good. Price jumped to $7500 levels for some time. Possible reasons :

1) Bloomberg announced that BlackRock is looking to invest in cryptocurrencies

2) Goldman Sachs will hire David Solomon in October .

Wall streets is getting prepared to enter the crypto market. a lot of legal framework are being put in place , albeit behind the seen.It will only take some time

Well, all we have are promises, they're not concrete things.


Yes it can influence other people to invest in bitcoin, but the problem will be if this news does not materialize, because people will be disappointed


See:

Wall Street’s Tom Lee Says Bitcoin Price to Hit $22K by Year’s End, ‘Can Reach $25K’ (https://cointelegraph.com/news/wall-street-s-tom-lee-says-bitcoin-price-to-hit-22k-by-year-s-end-can-reach-25k)

TenX Co-Founder Still ‘Quite Confident’ Bitcoin Can Hit $60,000 This Year (https://cointelegraph.com/news/tenx-co-founder-still-quite-confident-bitcoin-can-hit-60-000-this-year)

when December comes, look at these predictions, that you immediately realized that you can not believe in these guys


probably they have sold with losses or are some fanatics of gold and silver

But he has knowledge only about traditional investments and he has zero knowledge about new technological inventions.That's why,he stays away from such new investments.

They know how marketing worlds works, so they are not really affected by false news and information on the social media because they search for the truth and they have update for it. They were making conclusion on their work with a solid evidences not by just information out of the internet.

They excited because they can really see what can be this bitcoin in the future, as a financial experts, all the fellings, expressions that they want to say can be an influence to the othet persons that really dont know what bitcoin is, and this can be has a big impact in the crypto word as they mentioned bitcoin.

Hope so this help for bitcoin hype in the market,  this month of july the positive news about bitcoin and crypto are continue uptrend i think that's reason bitcoin now slowly uprise their price at the coinmarketcap so stay tune and watch what bitcoin comes for this year 2018.

We are not sure about this thing, but yeah we must not be too complacent about this technology. So for now, just enjoy yourself on making money in this market because I know this market will still be here for the next 10years so make the best out of it.

yes, you are right, so, we do not worry, there are still many big investors and even influential people in the world that support bitcoin.

this gives us great hope that bitcoin in the future will be better, and I think do more action to spread bitcoin to the public will help the bitcoin volume and bitcoin value rise

Yes, this news boosted the market, I saw this article but I ignored it, I thought this prediction will be wrong as others. But the thing is, This news is really boosting the crypto market and we are seeing a new hope in bitcoin. Maybe The bull market will start in August. And this is just the starting step. I hope more financial experts will come in the blockchain technology. Let's start spreading the good news about the crypto market and make a real hype.

Little bit go backlash here, back in 1929, the Great Depression happened. The stocks were collapsing and people were running out of money. FDR saved the US and here we are now. Stock Markets are still a thing. So if you really think crypto would die or people will start losing interest in it because it had a few bearish months , that's not gonna happen. People will have interest in it, as long as it is involved with money.

Financial experts are so excited with the Bitcoin pump , because they are behind all of this. They are the source of Bitcoin crashes and FUD. Everytime Bitcoin goes down they buy a lot.

not just warren buffets and bill gates who say bitcoin is a bad idea, but agustin carsten also says that crypto is bubble and ponzi.

he said that crypto based currencies do not have the main features to be currency. he also said that the bank will create electronic money, but not like crypto.

I think, the banks are also inspired from crypto.

so do not listen to the FUD statement.

Blackrock worlds largest asset management company showing interest in cryptocurrencies is a good sign for cryptocurrencies we can see a positive sign of growth in future with big financial firms coming in crypto currency  

Buffet said, "If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything". Maybe before this is some kind of true but not anymore. We can buy goods and services using bitcoin and other cryptocurrency like LTC, BAT, etc and a lot of ICO's (the good one and there are some) are creating product that have real use case. So I think either Buffet is outdated coz probably he's old and resisting the crypto revolution or he just preferred to stay in good ol fashion way of investing.

Finally there are good news that are coming out recently. I'm almost exhausted of enduring all the FUDs and bad words that the skeptics has been doing just to turn the side of bitcoin.

Now that there are interesting people that are becoming excited to bitcoin and lately there's another good news that showing their interest of adopting crypto's too.

Who's not going to be excited about bitcoin?

I have always believed that with time, the world will come to accept Btc. It may be tough for them tom admit is now but gradually we will see more of such positive comments from great people and that will mark the beginning of of the mass adoption. Btc is the future of the world's finances

This is a typical thing, all what these articles say are what they want people to think, so they want people to think that bitcoin is going to go up and that they should invest in it, so basically they want to manipulate the market the that suits their interested, whole they have no idea about what is going to happen in the market, they just make speculation based on nothing but hopes, but it is always good to stay positive and hope for the best.

Oftentimes the best time to get into an asset is when the so-called experts are knocking it down. The one positive thing about the recent market downtrend is that it has allowed bitcoin to establish a base from which to launch once there is more regulatory clarity from the government.

Last year when Jamie Dimon called out bitcoin to be a fraud, price went down and more bad news came which resulted to a bear trend making many people panic thinking that bitcoin is dead. Later on when it has lose half of its value from all-time high, Jamie Dimon's bank was traced buying bitcoin and it has open the eyes of people that they are just spreading FUD to buy the coin cheaper that's why the so-called experts who are always criticizing bitcoin have lost their reputation to the crypto enthusiasts.


Later on more big companies would be engage in cryptocurrencies. It is here to stay and even if other countries are not considering to accept it now, they would eventually give in when they see that the rest of the world open their countries to crypto. They just need a regulation for it so that what they are afraid of will not happen.

I think financial tech experts are excited about digital currency and blockchain in general, not Bitcoin. Many newer and improved altcoins will surpass Bitcoin, we are only at the beginning.

        Bitcoin and other cryptocurrencies are causing much arguments in the financial field now a days .The value is defined in blockchain and shared among multiple computers but is anonymous and free from any government  and this makes Bitcoin attractive to many . Some experts says that Bitcoin transaction removes all barriers and a technology that helps to send any amount of money anywhere the world at virtually no cost only need an internet connection or smart phone .experts says that like internet Bitcoin removes all financial barriers.

Yes, if the financial advisor is interested in bitcoin, then it is a good sign for who is trying to invest in crypto currency, but the warren buffet says this is the end of bitcoin because it supports the stock market and does not want to lose customers who are ready to invest in cryptocurrency because he gets people in a panic and tries not to lose his customers to the stock market. When we imply that it could end, do we say that the whole business will be gone too? Or are there other coins or coins that we come with cryptocurrency or will die?

I strongly believe that more of similar news will be flooding the media in the future. Btc is the future of finances and has come to stay. It is just a mtter of time for the world to accept this new tecnology

They wouldn’t be called “financial experts” if they wouldn’t be excited about bitcoin. Currently at $7,400 as I write this comment, from just below $6,400 a few days ago. Hope this is the start of the record run.

And we should all be excited, we should always have confidence towards bitcoin. Let's be patient and wait and see the bright future of the world where cryptocurrency will be fully integrated into the system.

With this info, I hope the long awaited time is near. Investors can't actually wait to experience the bull season cause since January till date hasn't been really exciting for crypto lovers

We all are excited about the bitcoin and this is the thing that every bitcoiner wants to know I guess that in what direction will the valuation of bitcoins will go further because as we all can see that the valuation of bitcoin has been deflated to its minimum extent, I guess and because of which every one is now expecting a huge jump in the valuation of bitcoin and thus everyone is so excited and even the financial experts that where will the valuation will go in the coming months of this year.

Bitcoin will definitely end up, the real question is when it will end. If the current bitcoin price is $ 20,000, all the "excited" experts will scream "bubbles, scams, speculation, run away and don`t put your money in bitcoin".

Bitcoin is still have a very bright future, even the CEO of twitter said bitcoin will be the only one currency in 10 years.
We're so lucky knew bitcoin earlier before it go worldwide payment

This words was a biased, if there ks historian's biased in history, there is probably a economist's biased in economy or in yhe market. This is on how they perceived the capability of one market. As per this financial expert he is on stock market who mainly focused on exchanges of different currency in different countries. But as we all know stock market is the old style and as of today technology is the one more popular therefore it is the one that will bring the success in the future. And bitcoin and technology is one.

The minority of financial experts are excited, but I can not care less about them. If the current bitcoin price is $ 20,000, all the "excited" experts will scream "bubbles, scams, speculation, run away and don`t put your money in bitcoin". Bitcoin is new and it is the first of its kind. All evidence points to a better future for bitcoin and continues to be stronger than ever in the near future and the distant future.

That's the reason why big whales and institutional investors are so much excited about crypto markets. The market is still young and that means there is a possibility of earning exponential gains down the road in short as well as super long term. On the other hand, the mass user base follows the trend and it gives the golden opportunity for the experienced investors to invest at lower levels and sell at higher levels. No doubt, economists are excited not only about Bitcoin but the entire crypto industry.

Yes of course why should they will not get excited? Imagine that there are too many members now in the forum and most of all are also investors aside from a bounty program hunters. It is an indicator that bitcoin and other crypto had become established and grow its popularity all over the world over time. As we all know that bitcoin has been operated for a decade now and it was successful until now.

In the recent period of time, many financial experts began to focus on bitcoin, which was certainly beneficial to the community's development and influence, which could stimulate more investors to join the encrypted world.

This is just logical since the tech has not disappeared anywhere, it is here to stay and is groundbreaking.
For me it is hard to understand why the btc now is not getting more accepted by online vendors . it seems that only reason could be that people are just not asking for that.

everyone is excited about bitcoin these days. however most of them don't do anything about it. they just are excited and scared of it at the same time because of all the FUD that is around the internet.

for this reason i think we can see a huge rise if the market shows strong evidence of a bull market because all of these scared people will start FOMO buying.

I feel like crypto is still evolving and IT is not the end of rises IT Just takes more time because of how fast it grew lately

they are still excited because bitcoin will rise in the next few months. they believe bitcoin prices will go up therefore they always support bitcoin as digital gold.
I'm also sure that bitcoin prices in the coming months will surely rise.

Those who are here for the money will end badly, because they one way or another will lose patience and sell out of free will, or they will panic sell at a loss. It happened years ago and is still happening right now, and will continue to happen for many more years. Coins always flow into stronger hands, and we should be happy with that.

It is good to hear and I love that some people are sharing positive thoughts and expectations about bitcoin and the time when other people would always complain about the price and saying negative things.

That is because bitcoin is still huge, and that is still one of the reasons of why there are too many people actually interest on bitcoin and the way that it works, there aren't any other reasons for people to stay in here if it wouldn't be like that.

We all know that bitcoin valuation has deflated to a very low extent and because of this thing only everyone has now has negative point of view for bitcoin and noe every one has just accepted that bitcoin has now come to an end but still there are many financial experts who are aware with this volatile and sustainable nature of bitcoin and know that the valuation of bitcoin will again going to inflate in the future and with them I am also very excited that when will the valuation will again inflate.

Yes because they had seen some good things about it. As we all know that these kind of system does really good when market price for every crypto will go strong. They have seen some possible growth of it that will make them excited and some these financial experts are also investing with bitcoin.

Well anyone could be financial experts and you could be one of those who will get excited about bitcoin in the coming few weeks wherein you can get much market price increase in the near future if the market price for crypto will continue to soar high. Actually it is not only the experts who gets excited with the possible pump up of bitcoin market price.

Great, that we are having all those economic experts that are for cryptocurrency and not against it because it is creating a big discouragement on the market if somebody well known in the world will say something negative.

Yes that is very good news. Nowadays people are highly discouraged about investing in Bitcoin. Day by day, more and more investors are losing their faith in Bitcoin. I guess this could be an intentional move of experts so as to make more and more people invest in Bitcoin. This would increase the adoption of Bitcoin and the price of Bitcoin will also rise. So this can definitely influence the investors.

This is good. I do believe that every bitcoin user is excited. We should always be postivie towards bitcoin and never lose our confidence.

For this reason, so many people are starting to invest their money in bitcoin in the hope that they can get a lot of profit from the difference between the first purchase price and the current selling price.

In theory one should always be happy that we are in the bitcoin right now because bitcoin is something that is getting most of the attention in the current world. No matter what you say but after the December hike it was defined that bitcoin is gonna receive many more folds popularity this year than all the previous one. I guess currently out hope is getting converted into the reality and it will be sure thing in upcoming days that bitcoin is the most searched and used thing over the internet world. Whether it is financial experts or ordinary person if they know bitcoin very well then they know in what they are investing.  :)

People everywhere would be talking about the price of bitcoin but still, they haven't joined to it. Financial Experts is really smart people that want to help people not to be independent. Most of them work on government. So it up to you what you read in the news.

I think so. Electronic money has remained a hot topic in recent years and attracted many investors. This is evidenced by the fact that the market capitalization of these currencies is still very high and the investment demand is still high. It is expected that the capital will continue to increase as a large number of investors will jump into this market to seize the opportunity when the price of Bitcoin fell to its threshold. The market will be excited again.

We all know that bitcoin is a volatile crypto currency and moreover it is a kind of investment and these two factors plays a very major role in determining the valuation of bitcoin and therefore the valuation of bitcoin flactuates and this time the bitcoin is going in crises as the valuation has been deflated to a very low extent and now investors are loosing trust over bitcoin and don’t want to invest into it and on the other hand media is also demotivating people for not to investing into bitcoin but still financial experts believe that there is a lot to come in the crypto market.

They should be excited about bitcoin because the currency is gaining more grounds and popularity. New projects, great companies and organisation are all boosting the development of bitcoins. If financial expetts believe in bitcoin and are investing in it, then what are you waiting for?

While it is fine to look at the opinion of others especially those that are qualified, at the same time I have stopped to care about it, I care about what I see and the technology of bitcoin is improving and it will keep improving in the future, that is what I see and it is the main reason of why I believe in bitcoin since I know that eventually the best technology will win at the end, despite the opposition of banks and governments.

And this is a realization of what the elders would usually say "be careful who you listen to."

Selective hearing of course is not so ideal, but life changing decisions must be based from those who knows the market and has been on it for quite some time already. Their expert opinions does matter. Press release from those who have not proven sound financial judgments are better off put aside. As i usually say, we are all entitled to our own opinion but it does not make ours the right one and the same goes for everyone else. Be picky if you must, filter news according to reliability and trustworthiness. It will sure help one to carry on towards the greener side of the pasture.

I think they just need to say something))) there are two options, either they bought it and promote it, or they just say to get a bigger HYIP

It happened many years ago and is still happening now, and will continue to happen for many years to come. That's because bitcoin is still huge, and that's still one of the reasons why so many people are really interested in bitcoin and how it works, without any other reason for people to stay. If it does not want to be like that.