Middle East Richest Business Man, Won't Invest In Bitcoin

[LFC_Bitcoin]

Nobody cares what he thinks. Born with a silver spoon up his ass, has probably never done a hard days work in his life. People like him will always be anti bitcoin, he’s not going to want people in his country using it.

[audaciousbeing]

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.

He is the richest man already why would he need more money in the first instance. Is it possible for someone to be richer than the richest. He has made his money  already and if he invests, its to make more money which won't make any difference to his with rather the people whom an $10000 would mean the world  for should be concerned about bitcoin.

His argument about not supporting bitcoin is more or less apolitical because a lot of rich people from that end does not have independence from government because his riches is at the mercy of government which therefore means any thing against government position from his mouth is a call for trouble. He might actually be into bitcoin but saying it in a live interview is a no go area.

[Vannie12]

Yeah he's a prince alright. That explains he's ignorance in money making ideas and views. Well bitcoin world won't need any thoughts from him. People who do not know or even heard about bitcoin won't even matter. As long as they have no idea if the main purpose of bitcoin they may criticize it but their doubts won't have any meaning.

[taxmanmt5]

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 leave them they're rich people just let them what ever they're saying and watch your self.  So what if they won't invest with bitcoin. That's not matter we can still survive without them. Same as china they banned the use of bitcoin but still bitcoin user invest with bitcoin and earn a lot profit Those peoples are not really aware about the power of bitcoins.

[Exister]

Looks like we got an update on his royal highness

Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown ... Bin Talal is considered one of the most prominent members of the Saudi royal family, and has been the subject of numerous profiles in U.S. and international publications. He has made numerous appearances on CNBC dispensing investment advice — such as last month, when he predicted bitcoin was little more than a speculative bubble that would soon "implode"

Source:

https://www.c[Suspicious link removed]m/2017/11/04/billionaire-saudi-prince-alwaleed-bin-talal-arrested-in-corruption-crackdown-local-reports.html

Suspicious link:
cnbc official website, got a point there

Source:
https://en.wikipedia.org/wiki/Cnbc

[rodskee]

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.

any person have an own freedom to speak what is their priceple's in life we can't push them to accept bitcoin right away give them some time what is the importance of bitcoin.

[Carmen01]

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.

people are having different mind in anything i think he do not invest because he have another business to do with and he doesn't need bitcoin.And if you have really big money i think investing in volatile price of bitcoin is risky so he think that's not good for his money.I think the better to do is try business and invest some of your money here not all for more good and safe

[imamimam1234]

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.

Won't invest in bitcoin, but invest a capital to company that using bitcoin to develop to earn the profit,I see many online wallet is given capital from rich man that trading fiat currency, , maybe they still beleive that fiat currency more valuable. Rich men are free to choose what kind of invest they wanted. CMIIW

[Yakamoto]

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.

The only weight that this guy has is the amount of attention you give him. If you aren't taking the dude's information to heart then there is nothing he can do about it, and it's not like you have to care about the guy's wealth and investment choices. Just because some billionaires end up never having x stock or y stock in their portfolio doesn't mean it's bad, they just chose to never have it for one reason or another.

Him saying that he will never invest in Bitcoin is two-sided anyways, sure he may never invest in Bitcoin, but I doubt he invests in anything personally anyways. You never know what he'll do.

Plus it could be a move to try and appease the Saudi government so he doesn't get arrested :^)

[stompix]

Well, turns out this is a lesson for me not to speculate about a country where the king is everything and his decisions are absolute.

Even if you're family, even if you're the richest man in the country and the whole middle east you can end in prison in a blink.
https://www.theguardian.com/world/2017/nov/05/alwaleed-bin-talal-billionaire-saudi-prince-at-centre-of-corruption-purge

Of course, the prison turns out to be a room in a 5 star hotel, but the message is clear.
He will probably have to turn most of his wealth to other family members so he won't have 55 Ferraris, only 5.

Seems like the new prince is really trying to change some of the old habits.
Might be something there even about cryptos, god knows.

 

[n0ne]

Those were the people who has been rich through the oil wealth. So one who already has made enough through an commodity based asset will never prioritize or believe in the technology. This is what happening with one among the richest person of the East Asian country. Situations will change when everything has dependence upon technology.

[Vladcrypto20]

The one thing you have to remember about people from conservative communities ( especially islamic ones) is that they are used to a specific way of doing things. The if it ain`t broke don`t fix it model is very strong there, thus being open even to the idea of new thins like crypto currencies and  ICO`s is something unconsiderable. At the worst case you get some islamic people with maybe a lot money not investing in your crypto stuff, but that doesn't make this guys biased opinion an opinion to follow and base your choices on, especially since he is probably born rich.

[alfstep]

The anwer is simple
Because he doesnt know about it and never want to know
He is a prince by the way, he doesnt have to think about investing his money

[orions.belt19]

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 leave them they're rich people just let them what ever they're saying and watch your self.  So what if they won't invest with bitcoin. That's not matter we can still survive without them. Same as china they banned the use of bitcoin but still bitcoin user invest with bitcoin and earn a lot profit Those peoples are not really aware about the power of bitcoins.

Exactly. The richest man in the world can choose not to invest in bitcoin and it's their choice and right not to. They have the liberty to do what they want, we can't force bitcoin to everyone. Even if they're rich and influential, bitcoin would still go on even without them investing. I think that Saudi is still a very conservative and traditional country. From my understanding, they still practice and kept a lot of their old traditions so they're still probably not that liberated or open to new developments such as bitcoin. Some are just scared of something as decentralized as bitcoin just because it is not regulated and cannot be controlled. We all have our own personal views and investment preferences. We shouldn't take it against him and instead just continue to support bitcoin despite remarks like this. Perhaps they're already too rich that they're no longer interested to invest even further and get even more rich.

[loragean03]

we all don't know the truth, he is the middle east richest man so he can manipulate all things on that country. all news that in public about him are manipulated, we don't know that he is just bluffing that he didn't invest in bitcoin but he did. so its easy to him to hide the truth from those people who wants to know him deeply.

[bitvalak]

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.

it is their perspective, I think it's fine if they say it like that. Because according to them bitcoin not yet legal in the eyes of government. Maybe they want a regulated business and under government control. But we'll see for the next few years whether they will change their thinking about bitcoin, because bitcoin will continue to grow because of the encouragement of many people.

[cliffordsean]

he feels he has missed the boat so of course what else would he say ?

[-Sinner-]

Well, also Warren Buffed didn't believe in Bitcoin.. also many othergreat people say that.. and we can see how btc still running

[tabas]

Nobody cares what he thinks. Born with a silver spoon up his ass, has probably never done a hard days work in his life. People like him will always be anti bitcoin, he’s not going to want people in his country using it.

Exactly as what I'm thinking, nobody cares if he's into bitcoin or not. If he won't invest to bitcoin, there's nothing to deal with it but if he shows his view to invest in bitcoin that's a different thing and that can be beneficial to everyone. But well if that's decided that he won't invest in bitcoin so save it for himself, he grown up rich and he'll die rich so even if he invest with bitcoin it doesn't matter.

[SixOfFive]

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.

Agree Real and initial users of BTC adobt BTC not because they expect it to grow or something. But their motive is to make Peer to peer transaction without the interference of any third party. Features like Transaction privacy and anonymity make it quite famous among the people. And rest is the history.