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Author Topic: Another story telling how billionaires hate bitcoin? - read over quick coffee.  (Read 293 times)
Helena Simmons
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February 24, 2023, 11:24:45 AM
 #41

Why its getting more attention? Everyone has right to express their own opinion regarding on what they believe or like. If he think bitcoin is negative, he should stay away from it since, once the digital economy takes off, he will be out of date and miss miss the chance to prove his point.
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February 24, 2023, 11:59:17 AM
 #42


This is not at all up to the point analysis and anyone would disagree about what this guy has said or trying to convince others. I have literally laughed about his analysis, because he is trying to segregate investment based on a technological advancement VS vehicles that run on it. I mean it is same thing as stating that you should not be investing into Dubai but you can invest in Oil which is getting dug out of their soil(!)
This is his point of view, he managed to build a successful business and sees certain risks in investing in bitcoin. I agree that it is impossible to invest all the money in one thing, there must be diversification in order to protect us from large losses that can significantly affect us.

Rich people who have already created large fortunes will be convinced that they are right in their judgments because they have achieved their goals with other tools. Moreover, bitcoin is a new technology that not everyone has figured out, and perhaps there are those who are simply not interested in it. Why does he need it, if he already owns a huge fortune, and he has achieved everything he wanted.

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savetheFORUM
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February 25, 2023, 06:01:32 AM
 #43

"Blockchain is great, but Bitcoin/altcoins freakin' suck."
I freakin hate this one. It's mostly being said by those who hate bitcoin/crypto, but acknowledges blockchain so they wouldn't sound like a tech/innovation snob.
It is a common method whenever you want to hate on something or just basically want to diminish the power of it. You find something good about it, and then say that "this part is good, but the rest is bad", it is done in everything, including politics as well, whenever someone says something you disagree, people go "the intention could be good but the method would ruin our nation!" type of thing.

This "blockchain is good but bitcoin sucks" thing has been around since bitcoin was created and it has not stopped the increase of bitcoin adoption and the price of it as well. We just have to wait and in a few years at most we will have another higher ATH, the haters can't stop it.
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February 25, 2023, 02:54:37 PM
 #44

The funny thing about billionaires that are against Bitcoin is that if they had educated themselves on Bitcoin already they would already be billions of dollars wealthier than they are.

I mean, as a billionaire, the idea that you wouldn't at least have just put like say $100 million into Bitcoin a few years ago is crazy. These billionaires are too scared of Bitcoin and by not getting educated on it they are making the biggest financial mistake of their life.
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February 25, 2023, 03:04:22 PM
 #45

The funny thing about billionaires that are against Bitcoin is that if they had educated themselves on Bitcoin already they would already be billions of dollars wealthier than they are.

I mean, as a billionaire, the idea that you wouldn't at least have just put like say $100 million into Bitcoin a few years ago is crazy. These billionaires are too scared of Bitcoin and by not getting educated on it they are making the biggest financial mistake of their life.

I’m not supporting Billionaire but your logic is assuming that cryptocurrency will continue to rise and no one will sold their holdings. You can use as an example Michael Saylor. If what you said is right then he will have billions of profit now since he invested more than 100$ million dollar yet he is now in huge loss despite he invest few years ago when crypto is rallying. He has the chance to take profit that time when Bitcoin hit the peak price but he didn’t since his holdings will just dump the price to the floor when he exit. This is same scenario on other Billionaires which is why they are pointing out the secured way of investing.

There’s nothing wrong on his opinion that is his belief towards investment. Crypto is really a risky investment so he is not lying. It just hurtful to hear for us since we are Bitcoin investors but we acknowledge the risk of our investment due to volatility.

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