Why Warren Buffet , Bill Gates , ... call Bitcoin a scam ?

[Cassidyblaze55]

Actually, I feel everyone is entitled to their opinion in life, business and career. They called it scam for their personal reasons best known to them. They are so humans that can make mistakes as well. Its left for each investor to make his research properly in this sector.

[fairytale]

we do respect every peoples opinion and some people may look into it as hindrances.These people who gives an opinion sometime according to their knowledge or belief.They should be provide proper knowledge about what bitcoins and other alternative coins are all about.As we all know, Bill Gates is the pioneer of todays modern computer.He create softwares that were enjoying these days but he doesnt equip the proper knowledge about cryptocurrencies rather he has ideas regarding unto it.

[crypt0monarch]

They are business minded peoples and they need guaranteed return for their investment and bitcoin price is much volatile they need surety because bitcoin is decentralized currency and it can be use for illegal activities according to their opinion. other thing is they support stocks and share market because peoples invest in their stocks and they don't wanna loose their customer so they are giving these kind of statement. if peoples start invest in crypto than they loose their power and they don't wanna compromise with money and i think they have great stock of bitcoins .

[carlou]

So , why do they call Bitcoin a scam ?

• Firstly , they say that for their reputation.
    Imagine if they advise to invest in Bitcoin and btc will go down ... they will really ridiculous..
  
• And then , if they advise to invest , what would say Banks , ... ?
  
  
•   Furthermore , they control banks and others Institutions , so if People invest in btc , they will loose power , for sure.
  And as if they advise a thing , people will follow them , they can't.
  
  
  

Nevertheless , do not say that they don't understand this technology , they perfectly know.
They have a lot of knwoledges , more thay anyone.
And I'm pretty sure that one of them have a stock of BTC.

Just remember that they are powerful , and full of knowledge , but bitcoin is dangerous for them , that's why they call it a scam , they are our enemies.

I don't know why they called bitcoin is a scam one thing I'm sure of is that bitcoin is the disruption financial system. FUD 

[boboshrish]

I think they underistimate bitcoin and  missed oportunity to buy bitcoin in early stages and now feeling regret. Thats why they calling it scam now.

[vickybitcoin]

So , why do they call Bitcoin a scam ?

• Firstly , they say that for their reputation.
    Imagine if they advise to invest in Bitcoin and btc will go down ... they will really ridiculous..
  
• And then , if they advise to invest , what would say Banks , ... ?
  
  
•   Furthermore , they control banks and others Institutions , so if People invest in btc , they will loose power , for sure.
  And as if they advise a thing , people will follow them , they can't.
  
  
  

Nevertheless , do not say that they don't understand this technology , they perfectly know.
They have a lot of knwoledges , more thay anyone.
And I'm pretty sure that one of them have a stock of BTC.

Just remember that they are powerful , and full of knowledge , but bitcoin is dangerous for them , that's why they call it a scam , they are our enemies.

I saw one interview of Bill Gates regarding bitcoin in that interview he was ask how he sees bitcoin i could not recall billgates calling it a scam, he has stand on it but not totally negative.

[131tc01n]

only advice, if you want to report statements made by other people or companies, always use the news source sometimes people here don't know where the news source came from.
  as you said these two people are great people with extraordinary knowledge, every statement they make about bitcoin must be very influential on the price of bitcoin, of course they both have a strong reason why they make that statement, so we must respect them

[dav-santoshi]

To debunk this, let’s begin by comparing Bitcoin to Apple stock .Apple is a “platform” company that produces hardware, software and services. Their products are real-world assets that are worth money.
Bitcoin, on the other hand, does not generate any physical assets in and of itself, i.e. it doesn’t produce any physical items or services that can then be sold on the open market.threatened by bitcoin's existence and  it is decentralized monetary system in the whole world with a global decentralized payment system that they can no longer matain the one spot of been the richest

[Jahmal32]

So , why do they call Bitcoin a scam ?

• Firstly , they say that for their reputation.
    Imagine if they advise to invest in Bitcoin and btc will go down ... they will really ridiculous..
  
• And then , if they advise to invest , what would say Banks , ... ?
  
  
•   Furthermore , they control banks and others Institutions , so if People invest in btc , they will loose power , for sure.
  And as if they advise a thing , people will follow them , they can't.
  
  
  

Nevertheless , do not say that they don't understand this technology , they perfectly know.
They have a lot of knwoledges , more thay anyone.
And I'm pretty sure that one of them have a stock of BTC.

Just remember that they are powerful , and full of knowledge , but bitcoin is dangerous for them , that's why they call it a scam , they are our enemies.

It seems to me that they simply do not trust this tool, because it has caused such a stir around the technology and crypto-currencies in General! And anyone who had a penny ran to buy bitcoin,and this caused first a mountain of hope, and then a mountain of frustration, when he for a couple of months made people millionaires and then beggars. Perhaps they have nothing against the technology, but investing in Bitcoin carries risks 3 times higher than the risks of investing in real estate or stocks!

[stayeduptolate]

So , why do they call Bitcoin a scam ?

• Firstly , they say that for their reputation.
    Imagine if they advise to invest in Bitcoin and btc will go down ... they will really ridiculous..
  
• And then , if they advise to invest , what would say Banks , ... ?
  
  
•   Furthermore , they control banks and others Institutions , so if People invest in btc , they will loose power , for sure.
  And as if they advise a thing , people will follow them , they can't.
  
  
  

Nevertheless , do not say that they don't understand this technology , they perfectly know.
They have a lot of knwoledges , more thay anyone.
And I'm pretty sure that one of them have a stock of BTC.

Just remember that they are powerful , and full of knowledge , but bitcoin is dangerous for them , that's why they call it a scam , they are our enemies.

Warren Buffett, Bill Gates are known to be the very influential personalities of their field so there is no doubt that if they are saying something about any of the investment then they might have thought twice before saying anything because they are considered as the wisest of their field but on the same hand the favour or the criticism of bitcoin is entirely based on experiencing the potential of bitcoin, those who has understood the fate and potential of bitcoin and those who get benefited by it are its lovers otherwise people call it a scam, as simple as that.

[dirisu2018]

Here is another FUD, this top-notch businessmen are feeling threatened about the existence of Bitcoin and its decentralization, they have been trying for a very long time to pull down the currency but you know what, Bitcoin keep growing stronger and stronger, it has suffered a huge blow considering the status of the people trying to pull it down, but the technology is greater than all of them combined together.. BITCOIN = FUTURE AND I LOVE PANIC SELLERS AS this INDUSTRY IS NOT FOR THE WEAK BUT THE DIE HARD RISK TAKERS, we all going to the moon together.

[Taronet-division]

don't read too much bad news, if you can't filter it it will backfire for yourself or others you share, lots of FUD news circulating and that makes some people panic and finally leave. don't forget to filter

[Lankabc]

they have their own agendas, They business system based on fiat money system. very less number of people ruling the world. they exploit the majority. bitcoin and blockchain technology can stop them. so the don't like bitcoin. they want it to die. but it wont happen

[billionaireSHS]

I don't think so why this people who are multi-millionaire said that stupid thing, but I know there's a reason behind that and they have their own beliefs and agendas in their mind.