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Author Topic: Why is Bill Gate against investing into bitcoin?  (Read 3130 times)
newbie-hero
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November 06, 2018, 04:11:27 PM
 #241

As I think, investing in bitcoin is most important as patience and a good strategy for profit. As for the bill, I think he is full of things so he does not want to do business, because he has a lot of money. Talking about him investing so much will make the spirit of day and night distracted and tired by the high and distant thoughts ... this is what people have a lot of money do not like. Angry

His words can differ from his deeds. Probably, he is against Bitcoin but his company is going to sign a contract with Ripple. Yes, XRP is not a real crypto, just the centralized currency but Bill Gates seems to like it.
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Louis Jackson
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November 06, 2018, 04:16:44 PM
 #242

Bill Gate views digital currencies as too risky for long-term commitments to private investors as well as to institutional investors. Although virtual currency is nothing more than crazy investments, Gates, like many other skeptics, still believes that blockchain itself is a particularly useful technology
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November 06, 2018, 04:17:52 PM
 #243

in my opinion bill gates are honest and professional people who I know if billlates until now do ways to develop technology that is not instant, so bill gates reject the existence of instant bitcoin
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November 06, 2018, 04:39:42 PM
 #244

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?

Because bitcoin is speculating , bill gates already has very much whealth and don't want risk their whealth to something that not sure to get profit.
Also the volume of trade is not high enough to make bill gates interest Cheesy
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November 06, 2018, 04:44:05 PM
 #245

Bill Gates vigorously opposed the cryptocurrency investment, calling Bitcoin a "poison"
Microsoft billionaire and co-founder Bill Gates is incredulous about electronic money and says he wants to bet on Bitcoin if he gets a chance.
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November 07, 2018, 06:53:32 AM
 #246

Rich people like Bill Gates do not like to take risk, maybe this is why Bill Gates does not like Bitcoin investment,because Bitcoin is not stable.Its value is never the same.It's like gambling. Bitcoin investment is a big risk,due to the lack of courage to take this risk, Bill Gates likes to invest Bitcoin.

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November 07, 2018, 06:58:52 AM
 #247

it surprising how person like Bill gate will be against bitcoin probably because he thinks it risky and volatile, but a businessman of such calibre should understand the underlying effects and benefits of taking and not taking business risk, His reasons are not justifiable.
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November 07, 2018, 07:53:16 AM
 #248

Bill Gates does not need money, he has more than enough, so I don't think he really cares about the Bitcoin.
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November 07, 2018, 08:10:37 AM
 #249

No matter how great and genuine your concept is there will still be those that will be against it. It will even be those that are respected. Bill gate is respected in the area of cyber technology, normally we were expecting him to embrace cryptocurrency but I think his opinion does not matter to me.
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November 07, 2018, 09:57:25 AM
 #250

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?
Everybody is saying that the number one reason is that he deals in fiats. Also this is mind set. he created something great, maybe its just the competition thing that someone has created something far better?


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November 07, 2018, 11:10:00 AM
 #251

Microsoft founder prefer to invest technical innovative startups, not in speculative tools.
What do you think about recent invent - futuristic toilet, announced by Bill Gates?  Smiley
Sam San
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November 07, 2018, 07:05:13 PM
 #252

Bill Gate views digital currencies as too risky for long-term commitments to private investors as well as to institutional investors. Although virtual currency is nothing more than crazy investments, Gates, like many other skeptics, still believes that blockchain itself is a particularly useful technology
most likely, it is the mouthpiece of someone's idea more than big money or a Union of the rich who want to create a new and controlled coin-confirmation in the order of bitcoin.

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November 12, 2018, 05:20:05 PM
 #253

I think he wants to come up with his own cryptocurrency. Since Bill Gates is a little bit too late for Bitcoin, we can't blame him if he say against Bitcoin. Maybe cryptocurrency is already affecting his business.
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November 12, 2018, 05:25:40 PM
 #254

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?
The great men of the world with their success they are trying to enter a new field as it grows so fast. Bill Gate may have realized the potential of Bitcoin and decided to invest in it. Billionaires around the world are trying to influence Bitcoin and Cryptocurrency because they know that this is the field that will affect the world.

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November 12, 2018, 05:27:29 PM
 #255

I think the bill gates are opposed because there are no laws governing bitcoin and also the legality of bitcoin is still minimal. Bill Gates also understands the risks of bitcoin instability. Maybe that's the reason bill gates oppose bitcoin. But I'm not worried because there are still some who support bitcoin. This is only a matter of dissent. So you don't have to bother thinking about that. That is my opinion.
Ngoziwealth
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November 12, 2018, 09:31:30 PM
 #256

I recently read through the comments made by Bill Gate on bitcoin and other related cryptocurrencies (https://www.[Suspicious link removed]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 said and I quote " Bitcoin is "one of the crazier  speculative things". Speculative in this sense means an investment involving a high risk of loss. This is to say that he considers Bitcoin a very risky, uncertain or unpredictable platform for investment that is based on theory rather than knowledge. No one wants to lose his hard earned money to investment opportunity they cannot predict.  This may be his reason for not investing in Bitcoins considering how volatile they can be.
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November 12, 2018, 10:24:35 PM
 #257

Do you think he is against?
While he is in fact investing?

What some people in public focus loudly announce may not be what they are doing in fact. Lips sealed
FedorIzmailov
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November 12, 2018, 10:29:21 PM
 #258

most likely he simply does not trust Bitcoin because of his high manipulativeness and risks associated with investing in it
Sam San
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November 13, 2018, 02:24:58 AM
 #259

Do you think he is against?
While he is in fact investing?

What some people in public focus loudly announce may not be what they are doing in fact. Lips sealed
Billy is unlikely to invest anything directly himself, rather he uses a large number of funds and analysts who support his portfolios. bitcoin is too risky for him as for a conservative investor.

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November 13, 2018, 03:36:38 AM
 #260

Some billionaires don't like the idea of bitcoin and its technology, "There is no shortage of believers in Bitcoin and its underlying blockchain technology, but when it comes to investing in the cryptocurrency, billionaires Warren Buffett and Bill Gates both think it's a bad idea." read this interesting article https://www.pcgamer.com/bill-gates-thinks-investing-in-bitcoin-is-crazy-warren-buffett-calls-it-rat-poison/
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