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Author Topic: Why is Bill Gate against investing into bitcoin?  (Read 1649 times)
ulakudrakova
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May 31, 2018, 11:45:12 AM
 #21

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

Don't believe what the media is saying. It can say anything but actually has 1 million BTC. As quietly went and earns big money.

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May 31, 2018, 11:46:43 AM
 #22

Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.

Yep, this is the most important reason i  guess
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May 31, 2018, 11:49:19 AM
 #23

Most rich people like Bill Gates and Warren Buffet are against investing in bitcoin or cryptocurrencies in general because of the huge risks due to heavy volatility. I'm very bullish on bitcoin and cryptocurrencies, but it's indeed a huge gamble. "Moon" and "lambo" gains aren't guaranteed. We're just pretty much speculating and hoping that it would indeed rise to very high prices.

Yep, this is the most important reason i  guess

Bill Gates says Bitcoin is attractive because it's so cheap, Bitcoin is better than real money, you do not have to come in and of course, with big deals, the money is awkward. Bill Gates reiterates his point. The cryptocurrency in the speech summarizes the main idea at the end of the conference. He insisted that in the future, financial transactions would be "digitized, globalized and almost free, Bill Gates emphasized Bitcoin's transaction cost reduction but did not appreciate the when using this type of money. He hinted at some of the allegedly malicious use of Bitcoin

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May 31, 2018, 11:56:00 AM
 #24

Its normal for people with the clout, wealth and resources of Bill Gates not to invest in what they cant control and any scheme for which the founders are anonymous. If I were Bill Gates I will probably say the same thing.

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May 31, 2018, 12:14:48 PM
 #25

I'm confident before about Bill Gates as he stated that he was a bitcoin supporter but there's a sudden change.
I know on how Gates is knowledgeable with bitcoin but it can be an insider that he has some plans of making his own coin or he just want to pull the price lower. And when he's done, he'll start buying again and will just take back what he said.

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May 31, 2018, 12:56:22 PM
 #26

Maybe he doesn't like the risk or maybe he invested and wants to keep it safe 
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May 31, 2018, 01:04:03 PM
 #27

It's totally irrelevant what Bill Gates or Warren Buffett talks about cryptocurrency, why anybody should be fascinated by their thoughts? They are just dinosaurs who stick to what they know and that is fiat, ultimate god who is irreplaceable with anything else.

It is really funny when Mr.Bill say that how crypto can have "horrible effect for users, one of which is losing his own life"., and that is come from man who is giving billions of $ for depopulation of the world not choosing methods how to achieve that. Some of them are very scary and I bet most of the world would disagree with them.

For anyone who believes in BTC and wish good future for it, Bill Gates and similar hypocrites should be completely irrelevant persons.

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May 31, 2018, 01:33:00 PM
 #28

That's just his opinion. I think it is caused by the ban on ICO advertising in social networks. There are other equally important experts-billionaires, who just recommend investing in bitcoin.

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June 01, 2018, 09:54:07 AM
 #29

Maybe he doesn’t need the money. We all know that he’s retired and just spends most of his time giving away his money to charity and other worthy causes.

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June 01, 2018, 04:21:17 PM
 #30

I think that Bill Gates is a very smart person on what he usually does, but regarding all the other fields well, maybe he better to shut his mouth since he doesn't look like he really knows what he's talking about.

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June 01, 2018, 04:24:54 PM
 #31

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?

bill gates is against bitcoin, because bitcoin creates poverty and wastes a lot of ressorces. he is however not against cryptocurrencies he never was against ethereum also warren buffet was not against ethereum

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June 01, 2018, 04:55:00 PM
 #32

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?
He said that Bitcoin and other cryptocurrencies are kind of a pure greater fool theory type of investment, base on my reading he have also a bitcoin but few years he sell it afterward, maybe bill gates hates long term holding but whatever it is was must respect his opinion about bitcoin,  because  he became a millionaire in different way.
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June 01, 2018, 05:04:07 PM
 #33

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.google.com.gh/amp/s/www.cnet.com/google-amp/news/microsoft-founder-bill-gates-would-bet-against-bitcoin/). From the comments he made, it is obvious that, Bill Gate is against investing into cryptocurrency. Critically appraising and analyzing how helpful bitcoin and other cryptocurrency are and base on the comments Bill Gate made, I don't see the reason why he is against cryptocurrency. Probably he might be having his own reasons of which I am not aware of. Can someone help as to why Bill Gate spoke against bitcoin and other cryptocurrencies?
I think his dislike crypto because he does't understand, why people does investment to something they can't touch, see and using in real life. We know he invested his money to maked something real, like windows, computer, zafra with their t shirt, or other company produce like bike, food etc. he does't understand why crypto is unreal product, but more valuable than real company product.
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June 01, 2018, 05:19:17 PM
 #34

you know whatever he says. you don't what was his do with bitcoin. maybe he invest lots or he think about investment we can't know anything.
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June 01, 2018, 05:23:46 PM
 #35

Well, he also did not believe in the internet until it was too late for him and Microsoft...so lets take his opinion on these matters with a grain of salt. It could be that he just does not intuitively connect with technology that is of a decentralized nature.

Specifically, bitcoin: I think he sees it as many people do. The first success in the market but not likely to be the last, as an investor, one wants to invest in the lasting success not the first. I think because of his experience through each wave of technological evolution we have recently gone through, he does not believe that being first is a good thing in the long run.

while I don't necessarily agree with him, it's always important to maintain an open mind and keep an eye on developments in case the landscape changes.
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June 01, 2018, 05:37:30 PM
 #36

We can’t tell what he thinks inside may be he wanted to invest in crypto currency by spreading fud and buy from bottom . Otherwise he could have aggrandising about this unregulated market . As far Bill  gates having lots of charity foundation . He is not much thirsty about money now . May be he wanted to protect innocent people .
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June 01, 2018, 10:48:59 PM
 #37

I am really shocked to know that a personality like Bill Gates is against bitcoin which is very usefull and at the same time helping million people.I think he does not aware of the usefullness of it. When he get to know about it properly than I am sure he will support it.
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June 01, 2018, 11:33:56 PM
 #38

Bill Gates is a Great man and people like him very much. But I don't what He said will have, the negative statements He made about BTC will have bad influence on it. BTC is already a king and not ready to die out. I think Bill Gates will understand blockchain later. Let's give him some time. BTC forever.
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June 07, 2018, 02:36:49 PM
 #39

Bill Gates is against bitcoin because he think that bitcoin is a poor investment. He also think that investing in bitcoin is crazy, maybe he also don't want to risk his money on investing in bitcoin and he do not believe cause maybe he cannot see his future in investing annd waiting for a long period of time. I think that he is used to big and fast investment return, not in big investment and long return.
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June 07, 2018, 02:54:48 PM
 #40

Bill Gates is against bitcoin because he think that bitcoin is a poor investment. He also think that investing in bitcoin is crazy, maybe he also don't want to risk his money on investing in bitcoin and he do not believe cause maybe he cannot see his future in investing annd waiting for a long period of time. I think that he is used to big and fast investment return, not in big investment and long return.

Bill Gates is not an ordinary citizen and he is one of the known billionaire today but still he is risking his own money in investing bitcoin it's may because they believe that  bitcoin can still survive and rise to the highest level of profit.
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