Bitcoin Forum

He is back:

https://www.youtube.com/watch?v=IKPLH7n5DWw

I remember watching Bill Harris being very bearish about Bitcoin, always questioning the fundamentals and saying it's worthless, just a ponzi scheme that will go out of fashion, just a trend, very much in the style of Jamie Dimon.

Another video here:

Former PayPal CEO Bill Harris Reveals Why He Thinks Bitcoin Is The Biggest Scam In History | CNBC (https://www.youtube.com/watch?v=fyFTYZ8QD-E)

Is this an actual bullish indicator? Let's look at the Jamie Dimon indicator:

https://cdn.pbrd.co/images/HzUlAHg.png

We'll have to wait and find out.

They always say the same things that bitcoin is fraud, scam, will go to zero, Etc.... And much more to come But this is all just FUD and when the price of bitcoin rises quickly they will be gone in an instant without a trace and I never have been a fan of paypal at all, There are a lot of issues regarding their services and Paypal never supported bitcoin from the start you will sure need a third party exchange in putting your money from your bitcoin wallet to your paypal, That is why I already stop using my paypal a long time ago.

LOL, that guy is a joke, I would not hire him to mop the floor in my firm. Unbelievable how some people are shortsighted and are not embaressed to make fools of them on tv. How that guy can be a ceo of anything is what bothers me.

Frankly this interview is just his free promotion, his opinion is known from before and fact that he is saying again same things does not mean anything. If he is convinced of what he is talking about let it be so, we certainly should not pay attention to people like him or Warren Buffett. I cant see how this interview can be bullish indicator, why should price go up if he say BTC is going to zero?

I watch video from first to last second, and that other person who talked with Billy is literally blew it off from the studio. BTC will go to 0 and it is used only by criminals, that is all Billy can say, ridiculous...

If Bitcoin succeeds in the future, many banks will have a hard time. But surely, there will be no need for payment companies like Paypal. Because the smart contracts that do the job can do much better. That's why it's normal for Paypal investors not to like Bitcoin.

He's not shortsighted at all, just a hypocrite because of his by external parties (likely banks and whatnot) sponsored bias.

This dude knows exactly what makes a great payment tool or service, and the way he tries to talk Bitcoin down shows exactly that. If Bitcoin was really not worth anything and had no potential, no one even remotely connected to the fintech sector would even bother to speak out against it because they know it would vanish anyway. Them trash talking Bitcoin means it's a competitor with an insane amount of potential, especially with LN fully deployed.

That dude didn't even said one single word about LN. He knows there is not much to trash talk there. What beats near instant and near free transactions? Can't think of anything. :)

Also, we need these skeptics to be around. I'm in the mood for some bearish trash talk after how we have been flooded for months with $100,000 before this or that time nonsense.

The problem with these guys is that they cannot get their heads around the concept of having value outside of the approval of governments, which is the main point of Bitcoin. So for as long as they think anything that isn't approved by a strong government "doesn't exist" and in the sense that it still has value, is a temporary one and will go to zero, there is no way to argue with them because that is their worldview.

LN being a success or not isn't even the point, it's just what I said. They cannot fathom the concept of value outside of government approval. CNBC hasn't invited a single guy on their show that states this point as far as im concerned. They should get someone with some knowledge on the concept of hard money like Saifedean Ammous.

He is not a joke. Imagine if you are making bilions $ on your payment system. And now BTC, decentralized and safer method that allows evey user to store his money on his hardware and trafer them without any permission on platworm that cannot be stopped by any goverment and his founds cannot be tauched by anyone without his permission and his key to his wallet can be stored in his brain by chosen sentance. He knows that if BTC will collect more and more users than he will loose more and more. The only possibility for him is to boycott BTC before it wil hit mass adoption. He cannot corrupt goverments because even they cannot stop BTC.

Oh, they surely can. It's just people here thinking they can't, which is a completely different story. It goes up for Warren Buffett and Bill Gates as well. Do people seriously believe these entities don't know how things work? Come on. People here really need to grow up.

The whole point here is that they don't want people to store value outside centralized prisons where governments or corporations can't seize/freeze your funds. If people get to know what Bitcoin really stands for and makes everything around it pretty much obsolete, it's a massive blow to every business in the same field potentially. Banks and PayPal & co have never thought to face something like Bitcoin that you can't stop.

LN is the difference that will potentially be the fatal blow to them. Bitcoin as digital Gold is something they can somewhat handle since it's not a good form of money right now. If Bitcoin gets its currency aspect together, oh boy, brace yourself for the shit that Bitcoin will have to eat through.

As always people like this one only saying bad rumors about bitcoin without having any proof of statement or any information of how they say so, I doubt that it will happen since bitcoin is widely spreading across the world and at some point there is always a person who'll believe at this, the only way I see bitcoin going to 0 is if everyone who uses it and anyone who wanted to use it or have used it will reject it and stop the worldwide trade of bitcoin and if conduct it there is a super low chance of this happening, not now not ever.

If that guy was so sure Bitcoin was going to 0 he could short the futures or even buy some $1000 puts on certain sites likes Deribit or LedgerX.

However he is just guessing or had a bad day and had nothing else to comment on.

Bill Gates did the exact same thing. The Winkvoless twins responded on live TV and said "Please short bitcoin then".

Did he short Bitcoin? Most likely not.

I unironically think that, at least some of them, cannot fathom the concept of storing value outside of government approved assets. Most of them also say gold is mostly trash, like Mark Cuban for instance, but he says that at least gold is used for some physical stuff, but the speculative part for him is trash because he cannot fathom the government going south.

Sure some of them get it and see it as a threat.

For me Bitcoin is already as good as it gets. If LN works out, that's just a bonus. I hope it all goes well and we start seeing it competing with payment procesors but again, difficult to compete with centralized entities in terms of speed and so on.

People need to get that what makes Bitcoin valuable it's already there. LN is an extra.

Also funny how none of these that think it's going to 0 open shorts. They always find some excuse to not short it. At the end of the day they are scared and not sure about their prediction.

seriously. i've had quite enough of these "$25k or $50k by end of year" calls. we've been so saturated with that sort of hyper bullish sentiment, it's obvious why the market has been so stagnant.

we need the bears to feel confident before the tide can really turn. bears were very confident in 2015 near the bottom (i was one of them :P)

He is just trying to find the way to promote himself, nothing else.
This is just pure guessing without any solid information or grounded theory. He is not the first or the last one to say something like this but why giving to such statements any importance at all. Just because he' s former PayPal CEO? That doesn't mean anything and it's not giving him any credibility .
So, just forget about it.

Everything that's emerging in some way is a dangerous short. I remember how Tesla was subject to the same trickery in an attempt to manipulate the sentiment, but none of them have actually done so.

Bill Gates not knowing how to short Bitcoin was one of the funniest things I have heard at that point. He knows how to short or long his own stock but doesn't know how to short an asset as Bitcoin through CME? What a joke.

It was all in the news and probably the main reason the price went up to nearly $20,000 last year. If he shorted Bitcoin at peak levels I would at least have given him some credits for that.

This is not surprising from the perspective of the competitor because they would do all means to get rid of it. They may be able to convince those people who are not into bitcoin yet but for those who do, well good luck to them as their moves are already obvious from the start. Majority of the crypto community would not listen to their babbling because as long as people earn from it then they will continue using it.


Just what you said, he is the former Paypal CEO and a competitor of cryptocurrencies when it comes to payment options that's why people take notice of what he is saying. He is biased with his former company that's why anything that he would say would just equate to protecting the business and not his own. Who knows, he is also investing in cryptocurrency and just want to buy it cheap.

I just think these guys are too high on the fiat pyramid that they cannot fathom any sort of competition and really believe Bitcoin is worthless. When you are at the top, you become blinded. This is how empires fall, and their power vacuum become filled by what they thought was a mirage or a non threat.

It's either that, or they are secretly buying small amounts. I say small amounts because if these billionaires diversified to any relevant degrees, due Bitcoin being tiny, we would know and we would know immediately, the price would skyrocket. Of course they would most likely go OTC, but I think it would leak on the news quickly, so it would have an impact on the markets.

It must be admitted that the very rapid performance of bitcoin is a threat to payment systems such as western union and paypal, this is what makes many people dislike bitcoin so they do everything they can including negative news to panic users.

Great news! Bill Harris saying that stuff again means Bitcoin will go to 50k soon.  ;)

I do not know why I remembered a bitcointalk user called kwuckduck when I read this  :P
It is shameful for a CEO to speculate such idiotic stats.

Bunch of losers and hypocrites! I pay less attention to these guys because they know the truth, but they are too scared and worried to accept it, let alone blurt it out and would rather prefer to keep their eyes wide shut to what is coming.

It would be a huge blow to them eventually as Bitcoin evolves, and by then, I really want to see where people like him will be hiding their faces in shame.

What they don't understand is that, it would have been better for them to just remain silent over the whole idea that money is evoluting and just accept their fate, but indeed, with it being a threat and the level at which their fiat smoking brain could handle, they would likely prefer to just keep bashing it, not knowing the more they do that, the more they make fool out of themselves.

Only reason, those who want to buy bitcoin at a cheap price, I am very sure that the amount of fud that happens, will make the public's trust will increase.

Because with free promos from FUD, it will increase the popularity of bitcoin. Which will have an impact on more new investors entering.

Let them say whatever they want to said, I will remain bullish.  How can bitcoin fall to zero I don't think this is not possible and I believe that bitcoin is going to go as high as $20,000 by December this year again as it happens last year. I have hold for long I will still keep holding until my target is hit.

Everything is possible, no one really can know what will happen, but there is many speculation about cryptocurrency. People often try to manipulate other people's self-awareness, by buying a well-known person's speeches. I can not say that this is the case here, but people should be more smarter in some case.

Exactly. Its really hard to understand why those people will just say non-sense on crypto and even speculate on its demise. Oh wait, crypto is a threat to their business so to eliminate, tell will go on a tirade and attack it on public so that people will take twice about investing. But I'm sure there are a lot of smart investors out there and would just believed what those anti-crypto are saying.

Paypal's biggest and strongest competitor is bitcoin and other crypto coins.
For myself i am using ethereum for overseas transactions cause its more cheaper and faster then paypal.
This is why Skrill is entered to crypto with Helbiz. Helbizpay is Skrill's crypto solution and will be launch in few months.

of course anything is possible with bitcoin but when certain people are talking about certain things they are not talking about possibilities they are trying to achieve their own goals. for example the case of Jamie Dimon they wanted to crash the price and buy the bottom at a 30% discount. Paypal dude is obviously worried about his own business since bitcoin is a serious competition for centralized payment systems such as Paypal.

This guy is obviously mocking bitcoin and other cryptocurrencies just to provoke that his PayPal is better. Shame on this guy. He is thinking that he can motivate everyone to avoid cryptocurrencies.

Lol they wish!
Bitcoin technically can never go to zero. You can't get something for free, that is not "sale" that is "giving". However it is also impossible for bitcoin to go down like that ever because I know that I will buy all the bitcoins in the world if that happens. I know there are a lot of people that feels like me.

The human adaptation grew way over the top for that to happen. Something like that can't happen even if all the governments in the whole world bans even USING bitcoin. Bitcoin can still probably be like 100$ if it was even illegal. I mean there are illegal stuff that is still used in the world bitcoin will just be one of them. Tho lets not get ahead of ourselves, USA is not only supporting it, they also taxes it.

if nobody is willing to buy (at any price), i suppose the price is zero. :)


you say that now, but that's because there is an overwhelming faith among so many people that BTC will succeed. what if that faith were shattered? what if the historical long term uptrend breaks down, and hash rate plummets? what if BTC's popularity/usage ends up following a trajectory like early dotcom companies?