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Author Topic: "Bitcoin will implode"...  (Read 1410 times)
clrpod
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November 02, 2017, 02:10:32 PM
 #41

he is just trying to take price down to buy more bitcoin. that what they do for years on stocks. But this is Bitcoin community and they can't play like stocks.


May be stocks are all what he understands. Smiley It is interesting that all these attacks come from the establishment guys, the guys who have the most to lose if Bitcoin is successful.

If he is an oil tycoon then what does he really have to lose if bitcoin is successful? I actually think that most billionaires etc who make such comments probably have little financial interest in bitcoin and are purely speculating out of their own interest, they're rich enough already, it doesn't matter to them what happens with bitcoin.

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The_Dark_Knight
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November 12, 2017, 02:53:16 AM
 #42

"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision [of any central bank]... I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making..."

I guess we will be hearing a lot of these kind of comments from big guys.
It doesn't make sense to him or any other of his kind because all they want are slaves, people who working for them for nothing and barely can buy food to survive a month.
They think if something is not regulated or banks can't do shit about it then it is not real, i am sick tired of listening what they are saying - all of them.
What they are doing here is FUD and nothing more.
This is correct, it is not that they do not understand, they do since they are smart, what they do not understand is why the slaves want to stop being slaves, for us it is very obvious since, who in his right mind wants to be slave of corporations? But for him that stands at the top, the system is working as intended and they do not want to change it.

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November 12, 2017, 08:02:59 AM
 #43

He is comparing it to Enron. I think it is just a case of sour grapes. He missed investing in it and now he thinks it will implode. Just like Jamie, he feels threatened by Bitcoin.

Considering he is among the richest *fiat* holders on the planet, he should feel threatened by Bitcoin which undermines his whole empire
Comparison with Enron is of course incorrect.

Most of you don't understand the difference between wealth and "fiat". Fiat is money supply at any one time - M1,M2,M3,etc.  A person may own 30,000 shares in Facebook and keeps only $20,000 in his current account; his "fiat" is only $20,000. Alwaleed is never threatened by bitcoin.

Bitcoin and other crypto will never be a threat to central government banking.

Crypto and bitcoin's only use is to transfer wealth (not fiat) from the bottom 95% to the top 5 % - nothing else.
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November 12, 2017, 08:09:32 AM
 #44

You have to be involved in Bitcoin and use Bitcoin to really know what it's worth. If he has not used Bitcoin then what he says is worthless because he knows nothing.
No sane person can "use" bitcoins. No sane merchant can make use of bitcoin to replace fiat for payments. Ok there are such BTC debit cards, etc. It's hyped silliness.

When shopping or buying online, just use your credit/Visa card and pay with your fiat money! Why roundabout <--, -->, <-- ... ad infinitum.
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