[Wolf of Wall Street] BTC is a fraud !

[DaedRik3]

By our friend Jordan Belfort : https://cointelegraph.com/news/wolf-of-wall-street-calls-bitcoin-a-fraud

Someone wants to buy BTC low price !

[xskl0]

Nothing new. A lot of inversors don't understand Bitcoin.

[HabBear]

Nothing new. A lot of inversors don't understand Bitcoin.

The comments from Wall St. players is slightly more intentional. It's not about "don't understand"...they all understand Bitcoin quite well. What they realize, though, is that Bitcoin is an investment asset that competes with the investment assets they're working with more regularly. And they can't sell Bitcoin to their clients. So they're not going to publicly praise Bitcoin as a good investment...if they did, they'd see outflows of money from their investments (for which they can charge a fee) to Bitcoin wallets and Coinbase!

[squatter]

Nothing new. A lot of inversors don't understand Bitcoin.

I think he and other detractors may understand Bitcoin; the jury is out on that. But given the hype surrounding Bitcoin and cryptocurrencies these days, it's easier to get airtime taking the contrarian position.

This guy is trying to sell his speaking tour more than anything else, and there are mainstream investors among his base. He's just trying to be relevant and taking the conservative stance.

[jc89]

By our friend Jordan Belfort : https://cointelegraph.com/news/wolf-of-wall-street-calls-bitcoin-a-fraud

Someone wants to buy BTC low price !

Lol! Seriously? If he said it before Dimon I might have the time to read the article. We ought to have originality some time in our lives and clearly he doesn't have one. But giving him the benefit of the doubt, maybe he haven't heard/read the phrase "bitcoin is a fraud, will fire employees for stupidity." But clearly they just want to cause confusion and disturbance in the community. Btc is a success so no wonder it has handful of bashers.

[nightwishx]

a Wolf of Wall Street player says such a thing. and you immediately believe that it is not a strategy to gain profit? I think it's the same with JP morgan, They say that because they work in a field where if they give excess bitcoin, then their business or company will lose. it's the same as when Jp morgan said something about fraud, he said bitcoin evil because he worked in banking, where the issue is that bitcoin will soon override the bank system.

[verifyas]

By our friend Jordan Belfort : https://cointelegraph.com/news/wolf-of-wall-street-calls-bitcoin-a-fraud

Someone wants to buy BTC low price !

If you ask me I think it is a typical I want attention tactic.

This is funny though “Be very careful not to invest a lot of money into something that could vanish very quickly.” 

someone send him what a blockchain is please.

[erickkyut]

Dimon said the same thing and after a few days, he is now a Bitcoin holder! Lol. That is just their strategy to make Bitcoin price lower so that they can buy it at a cheaper price. No one will believe them now. They are just trying hard to say bad about Bitcoin but in reality, they wanted to invest on it.

[btcprospecter]

Is it just me or are most of these fud spreaders just hurt because they weren't part of it. We know if bitcoin does drop dramatically these wolves will be the first there.

[arnux]

By our friend Jordan Belfort : https://cointelegraph.com/news/wolf-of-wall-street-calls-bitcoin-a-fraud

Someone wants to buy BTC low price !

Someone else looking for attention? He can't manipulate the market like with other currencies.

[Ayaancool]

it's not the fault of Bitcoin, hacking on bitcoin investment has done by cyber criminals so we can't blame bitcoin. may be those investors failed to hide from the public about the bitcoin wallet and its transactions.

chase bank CEO Jamie dimon says that central bank will sooner or later introduce their own crypto currency which will be more sustainable. if they are introducing it will be more challenging to the bitcoin. But i hope bitcoin can overcome that.....

[lucifochrome]

Not this again!, banker, stock marketers alike. These people wanted a big piece of bitcoin so they are making accusation against bitcoin again, but i think this can also be a move of the people from wall street to have the people stay away from bitcoin. As we all know bitcoin is an investment, so as stocks. People from wallstreet have a job which is to sell these stocks. on the other hand bitcoin is controlled by an individual, it is up to the person whether he or she will sell or buy. Stock Market have a different setting, and if most investors gets interested with bitcoin more than the stock market then these people who have jobs at wallstreet will be at a disadvantage.

[Squidoogeek]

The funky part about professional investors is that they don't say anything about Bitcoin that couldn't also apply to the "assets" that they trade every day. Bitcoin has value because people believe it has value, and the same applies to high-value stocks, bonds, gold, silver, and the U.S. dollar. And, just like Bitcoin, the value of "traditional" stocks could disappear without much warning. So basically, they're trading smoke and promises.

[Delicat]

nothing new, BTC has been a fraud all the times and died countless times. regardless, it always comes back and become much stronger. there will be a future with BTC, but it will not be a smooth one.

[nydiacaskey01]

They are smart guys and for sure they understand Bitcoin and ICO's are, what they can't accept is why they didn't buy when its still at below $100. That's the only thing they can do now, either they give negative remarks like JP Morgans Jaime Dimon or join the ride. He must be scratching his head why he missed Bitcoin while he is smart enough to sell those penny stocks.   

[Hell-raiser]

Nothing new. A lot of inversors don't understand Bitcoin.

The comments from Wall St. players is slightly more intentional. It's not about "don't understand"...they all understand Bitcoin quite well. What they realize, though, is that Bitcoin is an investment asset that competes with the investment assets they're working with more regularly. And they can't sell Bitcoin to their clients. So they're not going to publicly praise Bitcoin as a good investment...if they did, they'd see outflows of money from their investments (for which they can charge a fee) to Bitcoin wallets and Coinbase!

It would be interesting to see how they will change their attitude toward Bitcoin once it is approved by SEC. I refer to Bitcoin ETF's here. I'm not sure whether it is going to happen soon or ever but when it does happen, we will see a lot of fun going on in Wall Street. They will certainly try to embrace it as soon as possible since "first come, first served". But they likely already see money outflows from private investors. Besides, there are also private investment funds which can invest the money of their clients where they see appropriate, and they might have already invested in Bitcoin.

[sheamus10]

I think this is one strategy to get lot of bitcoin with the price is unstable or down. statements like this is one way to price bitcoin down and there will be people looking for advantage of this problem.

[fanbeila]

just another ally of jamie dimon.Nothing other than this could be expected from people belonging to the house of financial companies.They could not be able to praise bitcoin publicly which has become the worst rival to them.

Its also said that most of them belonging to wall street no more want to avoid bitcoin and miss the opportunity of getting rich.So,its said that many of them have started buying bitcoins silently and we also read the news that jamie dimon too immediately bought lot of bitcoins just as the bitcoin price started to fell after his tweet against bitcoin.

[pikebu]

By our friend Jordan Belfort : https://cointelegraph.com/news/wolf-of-wall-street-calls-bitcoin-a-fraud

Someone wants to buy BTC low price !

Well not only Jordan Belfort call bitcoin is a faud even the Billionaire investor Warren Buffett has claimed that the market for the leading virtual currency Bitcoin is already in bubble territory. He also issued a criticism of the proposals for applying a value to the cryptocurrency. https://cointelegraph.com/news/billionaire-investor-warren-buffett-says-leading-cryptocurrency-bitcoin-in-bubble-territory
And i want to buy bitcoin low price too.

[The Sceptical Chymist]

The guy is a scam artist con man, and any words out of his mouth ought to be considered lies, and in this case ignorance.  His opinion doesn't matter to bitcoiners and probably doesn't mean a whole lot to anyone else.  He got to be "the wolf of wall street" by basically stealing from his clients and using penny stock pump & dump scams to enrich himself.

Come to think of it, it surprises me that he hasn't embraced bitcoin.  There's so many scammers here that he'd probably dominate all of them by the simple fact that most can't even speak English.