Bill gates says cryptocurrency is bad

[mrpl2017]

I believe that no news already affects crypto, the crypto market is dying. Good or bad news in no way affects the crypto coins, which are cheaper and cheaper every day.

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[evichi]

Bill Gates is entitled to his own opinion. My query on his comment is that he only mentioned the disadvantage of cryptocurrency and did not mention the advantages. Satoshi's project as far as I am concerned was presented to solve a problem. He wanted to eliminate the middle man when it comes to finances. he wanted people to have absolute control of their funds without interference of the 3rd party. Basically almost all technological inventions have their disadvantages, just name any invention that have no disadvantage. The blockchain technology behind bitcoin invention is now a major technology that numerous establishments want to adopt. In my view, the advantages of cyptocurrencies will outweigh its disadvantages.

[LickKing]

I also think the cryptocurrency is very bad. There are many scammers here. I don't buy any coins other than the mainstream. I think there will be a lot of altcoins disappearing, and only a few altcoins can survive in the future. But I believe that Bill Gates is not talking about bitcoin.

[baghdatis1990]

        It's only Bill Gates' personal opinion, but he only considered the negative side of the market. Cryptocurrency also has positive parts. Tax evasion and drug trafficking have long existed before the emergence of the crypto market. The crypto market is a wonderful thing, because through it you can earn beautiful money with your entrepreneurial abilities and make good friends with common passions.

[adamreb]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

I increasingly hear such statements from many of the world's millionaires. They regularly talk about the dangers of the crypto market, they call it a major scam. But hardly every millionaire wants to share the truth with other people. Therefore, I try to think with my head, and not just read such interviews.

[m0Ray]

You do not think that he is just trying to save his industry or preparing a platform for his own project. That would be quite realistic.

[zacad]

I think this year's cryptocurrency investors should believe what Bill Gates said. It actually tells investors that the cryptocurrency market is very bad this year, but because greedy people are not willing to believe this is true. The cryptocurrency market will only recover after three years.

[cudora]

Microsoft in one of the big players that have entered the blockchain industry and are already developing a variety of blockchain solutions. I think Bill will change his mind and we will see a microsoft coin within several years.

[houjinglong]

I just saw the latest news. Bill Gates once again expressed his views on cryptocurrencies. He said that cryptocurrencies can save the poor. This is the correct point of view. The blockchain can accurately pass money to the poor. This is one of the important evidences of the value of cryptocurrency.

[pooja1982]

Life depents on thinking and our thoughts comes to our bad and good experience. And we are herewith  focussed on the topic Bill gates says cryptocurrency is bad they said while BBC News dated 1st march 2018 cryptocurrencies are killing people in a  "fairly direct way", microsoft founder Bill Gates has said. He was referring to the way digital currencies like Bitcoin are used to buy drugs. Now it is clear why they so said such statement about cryptocurrency.

[Nikolas_the_Wonderworker]

I listen to such respected people as Bill Gates. He speaks about cryptothermia not for the first time. And says good or bad about crypto from when it is profitable for him to speak good or bad. It's like a show to promote. 

[pearcy jackson]

Indeed what he says is true, there is a lot of abuse of Cryptocurrency, but I agree that Crypto is not bad, but the culprit is abusing it. Crypto is good 

[5thFear]

Right now crypto currencies are used for buying Fentanyl and other drugs so it is. A rare technology. That? Has caused deaths? In a fairly direct way.

Well its this statement that proves that the crypto has a very bright future. Drugs, underworld and Mafia is a big reality of this world and they hold around 70% of the money or even more. So this crypto industry is the only financial system that they can use and the govt won't have any control over it so that means that the crypto industry has a big financial clientage behind it.

[UnDerDoG81]

Bill Gates is a businessman and I smell like there is a fear of Bill Gates on cryptocurrencies  , whatever Bill Gates said about the cryptocurrency will not stop the growth of cryptocurrencies. therefore I don't think there is anything to worry about this Bill Gates statement...

Before becoming a quick businessman, he was a talented programmer. With a broad understanding of the business and IT fields. I think he thinks that crypto is an emerging market and there is no guarantee that it can survive. I understand why he made that comment

[kabzon_btw]

In his own reddit AskMeEverything page, https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/

He answers about cryptocurrency stating
“The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.”

He isn't wrong in his sense, if the cryptocurrency is to have a future, they should be able to create an environment of trust between themselves and the authorities.

he is s awise person and i believe that he has a right fpr hos opinipn well maybe he was talking about one particular crypticurrency

[kabzon_btw]

Bill Gates is a businessman and I smell like there is a fear of Bill Gates on cryptocurrencies  , whatever Bill Gates said about the cryptocurrency will not stop the growth of cryptocurrencies. therefore I don't think there is anything to worry about this Bill Gates statement...

Before becoming a quick businessman, he was a talented programmer. With a broad understanding of the business and IT fields. I think he thinks that crypto is an emerging market and there is no guarantee that it can survive. I understand why he made that comment

he might knot know a lot about this sphere so it os okay for him to say like that anyway we should respect anybody s opinion and point of view

[KuyaBreezy]

I believe that he talks about this kind of things as if they were only exclusive of cryptos, money laundering was already done with unscrupulous banks or simply cash, humanity has never stopped advancing with a technology because of the misuse that can be given, or he does not remember the demands that the government gave him for trying to form a monopoly with windows?

[maculeth]

and I don't care about what he says. he is not in this industry, we who play in this industry must be confident in ourselves, not someone else even though it's a billionaire.

[Valentina N]

Unfortunately, I do not trust to nobody and Bill is not an exception. You know knife from nearest store can be used against the people on the street. Did exist money laundering before cryptocurrency? What about terrorism? For me it is not more then just an opinion.

[Hermelda]

I think people are trying to understand now that we need government to clarify the issue surrounding tax in particular, the space is growing and they can't neglect this size of money flowing through the space..