Richest Saudi's Prince Statement

[Titanos]

Bitcoin is not a company like Enron. It's not guided by one person. It's guided by its community so it will not collapse.

[BitcoinHodler]

it is scary to know that whales like this are buying bitcoin and buying a lot of it. and it is even scarier to know that they know spreading FUD can help them buy cheaper coins and make more money out of the bitcoin market by manipulating it like this!

i wish we could find a way to flush these whales out or at least decrease their power.

[moamin77]

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

Maybe he wants to create some fear & then price dump so that he can jump in?

[Givebirth]

Just laugh on him, Even JP morgan, China, Russia and Korea cant stop BTC, who is this Saudi Prince? Another scumbag guy who wants to test his influence? So arab people will dump their BTC and this prince can buy the dropped coins from the dip.

I will not be amazed if BTC will persecuted by United Nations. Shame on these greedy and desperate people who wants to join the crypto wagon.

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

I agree with even one of the most influencial country in this world can not take down bitcoin. Also china those country has big influence in our world but for the statement of the prince of saudi he just made a shame on predicting that bitcoin will fall down.

[13abyknight]

This isn't the first person to call out Bitcoin like this and definitely won't be the last. Just like everyone else who called it a bubble and spoke rubbish about it have shut their mouths of criticism, a few years later when Bitcoin develops into something great being used as alternate to fiat, he will regret these words just like the rest. It could also be that he's trying to add fuel to the fire which these FUDers have raised and might end up buying the dip.

[kriticko29]

It was only his statement. No proofs and no any other evidences presented that will support his claim that bitcoin will fall. Bitcoin is based on studies and economic background so such statement in this field must have supporting files.

[Redanim]

Rich man or not, that is just his opinion. Every person has his own opinion and my opinion is that bitcoin will not collapse for a long time, if bitcoin 9 years already working without problems then it means that this currency has a future as for me.

[Rahar02]

No one could predict what will happen for bitcoin in the future precisely. Normally, bitcoin's price will continue to increase over time, too many people involved in bitcoin world, even a big country such as Japan has been legalized bitcoin payment, Billions of dollars has been invested into bitcoin environment, whether to purchase it or any other services regarding bitcoin (hardware, exchanges, etc).
Take a look at bitcoin miners, mining pools, fintech, exchanges which supports bitcoin till the end, put their life savings in cryptocurrency, bitcoiners will not let bitcoin fail.

[diwtoken]

A Prince is just another person - just another opinion.
The truth does not change based on what people think or believe.

It changes based on solid facts...

[orions.belt19]

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

He is an individual who has his sole right to express his opinion on tropical issues to show he is current with happenings around the world and that does not mean he must show support for bitcoin. He said his own and that's it. It still does not change anything even though his popularity over there is legendary, it does not spread all over the world. Even when the president of World Bank made her own statement, it still does not change anything why would a Prince statement matter at all?

Everyone is entitled to their own opinion and if the prince of Saudi Arabia thinks that the bitcoin will collapse then he can say so. It does not necessarily mean anything nor should we be too affected by it. He may have power and influence due to his title but his statement does change any facts. Bitcoin will collapse for different, and not because of the statement of a influential person. Anyone else can say the same thing but bitcoin will remain as it is.

[Pamadar]

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

Maybe he wants to create some fear & then price dump so that he can jump in?

same old stories with those people who wanted to make an speculation, maybe he's telling the truth or what so ever the fact is we already here and it doesn't
affect how we believes unless for those panic holders and the weaker investors maybe they will follow his leads but for those who are making a lots of money
because of this investment there's nothing to worry.

[thejaytiesto]

I mean someone that rich you would think he would understand economics and the value of Bitcoin. Unless now that he's earned his money he's ignorant to up and coming technologies and just wants some publicity.

He's a Saudi Prince so I'm not sure what, if anything, he has "earned". In any case it's fun to watch these guys used to ordering people around try to tell reality what it must do. The problem for them is reality does what it wants.

plus this dude has completely lost control of his eyebrows in this video:

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

These guys are not impressive at all. They woke up on a ton of oil and got filthy rich, big deal. These idiots wouldn't be able to understand bitcoin in a million years. They also prohibit drinking, gambling and hookers on their own countries and then leave to some other country that will allow for that and spend millions in drinks, gambling and strip clubs. Just hypocrite rich oil people as usual.

[r1a2y3m4]

I know what this guy is doing. He is scaring people. A man of his stature can affect the bitcoin users. One statement from a man of his position can reach many people worldwide and if he made a statement that bitcoin will fall chances are many people would be scared. Then what would this scared people do is they will sell their bitcoin then bitcoin's value will go down ( probably an all time low) then when it is at its lowest this rich guy will buy tons of them. It is a powerplay for him to buy bitcoin for low value. then later sell it if bitcoin starts gaining power again.

[konco_kenthel]

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

Maybe this is just the game of King Alwaleed bin Talal alone that makes the miners experience a serious panic so the main road is as soon as possible to sell various types of coins that are being stockpiled earlier.So automatically everything quickly sells it simultaneously even though the price is still low.That's where the king's chance came to buy a relatively low price.

[darklus123]

That certain prince that you were talking about has no idea of the difference between enron and bitcoin well i guess he only knows about enron much than bitcoin.

He should start thinking that enron is a company and btc isn't. There maybe a company  that runs bitcoin and that somehow relates to enron not bitcoin itself

[erre]

He is a known moron:

[...] the judge described him in his written ruling as “completely unreliable”, “hopeless” and “pathetic”.

https://therearenosunglasses.wordpress.com/2014/02/07/the-curious-case-of-prince-al-walid-bin-talal/

[Kprawn]

You know there is a saying.... "Opinions is like assholes, everyone has one." ... You know people with money, like Jamie

Dimon, think they can force their opinion onto other people and this is where they have it totally wrong. People hate these

"know it all" types.... A lot of these people pay other people to think for them and they just go with that. Bitcoin can fail or it

can go to the Moon, nobody knows.... Trump is President of the USA, who would have figured that? Not the Prince.   

[Almat]

What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?

Why are we listening to a Saudi Prince in the first place, if it was matters concerning oil and the them not respecting the rights of women in general i think he would have known exactly what to say but when it comes to Bitcoins and cryptocurrencies, he has no clue whatsoever.

That's harsh lol. But yeah, he's free to share his opinion on the matter. I just hope he's not like Dimon who would purposefully cause a dip to buy. Opinions like this need to just be tuned out. They're not affecting the market like they used to anyway.

[Pantum]

I think that the whole point of crypto is exactly that NO government whatsoever has influence on the coin directly. That's why Neither China, Russia, or Saudi Arabia dumb prince has any influence on the BTC. Will they try to therefore repetitively, but BTC is made by the whole market cap holders.

But I'll be happy if coin gets to 3k again because of it... if you know what I mean  

[kevoh]

No one in cryptocurrency world cares about what some little prince in Arabia says. His comment has zero influence on the direction of the price of bitcoin. The big guns like China and co have done little to bring the price down, let alone some individual in far away Saudi. In fact creating this thread is tantamount to giving him attention that he does not deserve at all.