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Author Topic: Middle East Richest Business Man, Won't Invest In Bitcoin  (Read 1057 times)
Bitcoin_BOy$
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October 23, 2017, 04:32:12 PM
 #1

Al Waleed, Saudi Prince, Announced in an interview with cnbc that bitcoin have no future arguing "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision".

Also the Saudi government prohibited the use of bitcoin in the country!

Source: https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

My Comment:
Bitcoin exists 8 years ago, the price of bitcoin is not what real bitcoiners users search. Real bitcoiners joined bitcoin to enjoy privacy, transaction speed, secure ...


Regards,
Bitcoin Boy.



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100bitcoin
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October 23, 2017, 04:35:31 PM
 #2

Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes

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October 23, 2017, 04:40:24 PM
 #3

He better get to manipulating the ayatollah to release a public statement. cause not alot of people outside of saudia arabia is going to give a crap about what he thinks.
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October 23, 2017, 04:41:54 PM
 #4

He is a member of the Saudi Family.

How those guys become the richest in their country or having millions and billions is not about a success story, it's just passing the fortune and investing all the oil money that literally come out of the ground with no effort.
Besides, and I really don't want to start a debate here, his religion is in no way encouraging innovation. Nor a lot of others things.

Long story short, his business opinions matter to the world as much as those from the bum in the bus station.

Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes
They are not at or close.
They are the government, and the parliament, and the presidents, they are everything.
Honestly, they are worse than having a communist dictatorship.


He better get to manipulating the ayatollah to release a public statement. cause not alot of people outside of saudia arabia is going to give a crap about what he thinks.

Saudi Arabia has a mufti not an ayatollah and he is appointed by the king.
And the current one is....really nuts.

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October 23, 2017, 04:47:59 PM
 #5

He is a Saudi royalty, and hence a member of their government, which we know is all about total control. I wouldn't be surprised about this view since people flocking to bitcoins is the last thing they want. How else can they keep them in line?

It is also possible that he is just bluffing though. The Saudis may be proud and stubborn but they are no idiots. After what happened the last oil  price plunge, they're scrambling to find ways to keep having an income despite the the low price. Who knows, they might be using part of that oil money to buy bitcoins for holding. Once oil is consumed, it's gone forever and they can't keep drilling for oil for eternity. Bitcoin though, they can keep for future use.

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October 23, 2017, 04:49:28 PM
 #6

Al Waleed, Saudi Prince, Announced in an interview with cnbc that bitcoin have no future arguing "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision".

Also the Saudi government prohibited the use of bitcoin in the country!

Source: https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

My Comment:
Bitcoin exists 8 years ago, the price of bitcoin is not what real bitcoiners users search. Real bitcoiners joined bitcoin to enjoy privacy, transaction speed, secure ...


Regards,
Bitcoin Boy.




Just let them on what they do believe even if they wont invest on bitcoin doesnt really matter at all since we can stand alone without the need of those influencial people.They dont know actually truly about bitcoin why they do say such thing but if they would really make in depth review they will surely changed their mind unless if they are not a close minded person. Cool

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October 23, 2017, 04:55:00 PM
 #7

Quote from: 100bitcoin link=topic=2308563.msg23421663#msg2342166308776531
Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes
I don't think they hate bitcoin so much as deem it unnecessary for their
needs.  People with billions are interested in preserving wealth rather than making
it; they're already very wealthy.   It's the poor people who look to bitcoin as a life
changing innovation, but only because we're in a smoking hot bull market.  The
rich know how risky it is, and their opinions shouldn't necessarily be written off
so easily.  They do know something about money and risk.  That's how they got
rich in the first place, no?
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October 23, 2017, 04:57:10 PM
 #8

Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes
Do you know the real reason why rich and power hungry individuals like Banks very much - why? Because they own them!
You can't own bitcoin like you own a Bank, you can't become a CEO of Bitcoin or shape and influence its future.
The lack of control is what is really putting off rich people from investing in cryptocurrency.
As we know the system is behind rich oligarchs, they are on top ATM, they don't want to change this.
Bitcoin_BOy$
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October 23, 2017, 05:01:08 PM
 #9

He is a member of the Saudi Family.

How those guys become the richest in their country or having millions and billions is not about a success story, it's just passing the fortune and investing all the oil money that literally come out of the ground with no effort.
Besides, and I really don't want to start a debate here, his religion is in no way encouraging innovation. Nor a lot of others things.

Long story short, his business opinions matter to the world as much as those from the bum in the bus station.

Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes
They are not at or close.
They are the government, and the parliament, and the presidents, they are everything.
Honestly, they are worse than having a communist dictatorship.


He better get to manipulating the ayatollah to release a public statement. cause not alot of people outside of saudia arabia is going to give a crap about what he thinks.

Saudi Arabia has a mufti not an ayatollah and he is appointed by the king.
And the current one is....really nuts.

Agreed with all of your post except this point
"Besides, and I really don't want to start a debate here, his religion is in no way encouraging innovation. Nor a lot of others things."

I don't agree with that, religion have nothing to do with bitcoin, give any rule in his religion prohibiting bitcoin. we don't want to make a debate as you said before.
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October 23, 2017, 05:23:32 PM
 #10

Wow, unbelievably, the richest Middle Eastern businessman can not win the bitcoin investment.
However, I just think this is the situation in the short term

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October 23, 2017, 05:26:25 PM
 #11

BitCoin has made great strides, the country governments are gradually expanding and developing bitcoin
This is good news

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October 23, 2017, 05:28:00 PM
 #12

He's even rich enough so he don't want to join the bitcoin revolution and besides he's a ruler to their country so he don't want to pursue people to get into something that's not regulated. I won't blame him with his decisions regarding bitcoin but let's see if their crude and oil will be out of stock they'll finally find some other things that they can make money and bitcoin will be a good choice for them. I respect his decision but it's possible that he'll change his mind.

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October 23, 2017, 05:50:27 PM
 #13

He'll regret not doing it in the future, just like some here regret not buying bitcoin a couple of years ago. Just because you don't entirely grasp the concept of bitcoin doesn't mean you can't just assume oh well this does that and make a profit out of it. It sounds ridiculous but that's a rule for the dumbest people who can't give you an anwser to 4+4. Just take a look at how many people made off a huge sum with bitcoin, it's best to invest now before the governments around the world attempt to destroy what it currently stands for and diminish it's value. Grab them while they're hot like they say.

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October 23, 2017, 06:08:18 PM
 #14

Al Waleed, Saudi Prince, Announced in an interview with cnbc that bitcoin have no future arguing "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision".

Also the Saudi government prohibited the use of bitcoin in the country!

Source: https://www.cnbc.com/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

My Comment:
Bitcoin exists 8 years ago, the price of bitcoin is not what real bitcoiners users search. Real bitcoiners joined bitcoin to enjoy privacy, transaction speed, secure ...


Regards,
Bitcoin Boy.






Oh well, this doesn't really surprise me anymore to be honest. Because it is way too normal for people who do not understand and cannot rekate to bitcoins and the whole alternative coins to be afraid of it, skeptical about it, and later on be mad at it because they do not understand the mechanics and how things work in the crypto world. That is why they just tend to talk shit about bitcoins and the crypto world as a whole because they simply are jealous or cannot understand how it works.

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October 23, 2017, 06:17:02 PM
 #15

He is already rich being a member of the saudi royal family.As we already know,saudi also wants to have strict control over its citizens all over the country and bitcoin does totally opposite to it providing financial freedom for every one.

Also,bitcoin is not in need of any person whether its jamie dimon belonging to banking sector or putin,president of a nation or a person from royal saudi family.Bitcoin has already crossed those limits and it has now become uncontrollable.Even the chinese are not able to control it.

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October 23, 2017, 06:17:13 PM
 #16

I have a feeling that here it's simple - i'm rich royality and you're nobody - i'm smartest and you have no idea about anything whatsoever attitude. I don't really care what they think or say.

   
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October 23, 2017, 06:30:40 PM
 #17

Maybe he will change his mind with the crisis KSA is facing right now especially if it becomes more serious. But still he is a Saudi Prince, so there's no need for him to invest in bitcoin since he has a lot of money and resources and he is rich enough to spend his time into it.

And how come Saudi government prohibited bitcoin here. There's already a bitcoin atm machine existing here, and localbitcoins here is very active and a lot of Saudi Nationals are into it doing mining and trading.

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October 23, 2017, 06:38:45 PM
 #18

He is a member of the Saudi Family.

How those guys become the richest in their country or having millions and billions is not about a success story, it's just passing the fortune and investing all the oil money that literally come out of the ground with no effort.
Besides, and I really don't want to start a debate here, his religion is in no way encouraging innovation. Nor a lot of others things.

Long story short, his business opinions matter to the world as much as those from the bum in the bus station.

Another Jamie Dimon. These filthy riches at/close to government hate bitcoin for a reason. Roll Eyes
They are not at or close.
They are the government, and the parliament, and the presidents, they are everything.
Honestly, they are worse than having a communist dictatorship.


He better get to manipulating the ayatollah to release a public statement. cause not alot of people outside of saudia arabia is going to give a crap about what he thinks.

Saudi Arabia has a mufti not an ayatollah and he is appointed by the king.
And the current one is....really nuts.

Agreed with all of your post except this point
"Besides, and I really don't want to start a debate here, his religion is in no way encouraging innovation. Nor a lot of others things."

I don't agree with that, religion have nothing to do with bitcoin, give any rule in his religion prohibiting bitcoin. we don't want to make a debate as you said before.


Yeah. religion does not have anything to do with the bitcoin. but the general public who are susceptible to manipulative propaganda dont know that.

Saudi arabia is on the USA petrodollar gravy train. The royals are protected under US foreign policy as long as they support USD as the world reserve currency with their oil export.

China has been working to get oil for gold trading going on and it is a big threat to the US. I think the waleed guy has little influence over them but attacking bitcoin is an alternative way to voice support for the United states and their dollar.
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October 23, 2017, 06:40:50 PM
 #19

Seems the problem isn't Bitcoin itself, it's not the currency what doesn't make sense, the main issue for these big guys is the regulamentation. If they can control, if they can supervise it there isn't problem... But I think it will change sooner or later when he finds a way to regulate it on his country with the help of local authorities.

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October 23, 2017, 06:47:27 PM
 #20

If he is so well rich already, why he should buy Bitcoin and become even more rich?
That's not fair!
This rich guys should leave Bitcoin to us.
We, Bitcoin holders, would like to become "wealthy" (just a little bit) by holding Bitcoin ling-term.
If all rich sultans gonna buy BTC, there will be nothing left for small fishes like us!
Please keep your hands off bitcoin, you rich wealthy sultans, oil kings and banana sharks.  Grin

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