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1  Other / Politics & Society / Re: The media's influence on Bitcoin on: December 01, 2017, 04:16:07 PM
I totally agree with you Andreas, in 2016 and 2017 we all have seen the effects that these statements have on the perception of cryptocurrencies. For instance, when Howard Marks said about Bitcoin and Ethereum: “they’re not real”. But in less than 2 months he withdrew his statement and said: “What bitcoin partisans have told me subsequently is that bitcoin should be thought of as a currency – a medium of exchange – not an investment asset. Bitcoin fans argue that it qualifies as a currency … it's something that parties can agree to accept as legal tender and a store of value. That actually seems right.”. I have thought of this ever since as one of the great examples when people were badly informed and made uneducated statements about something which they did not have the knowledge about. After he made his initial statement faith in the currency lost a bit and the prices went down, this is what also happened with the Dao hack.
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