Financial Experts Are Still Excited About Bitcoin

[Linhkej]

I think this article should boost the morale of bitcoin users. According to this CNBC article, despite bitcoin having a rough year, bitcoin supporters including financial experts, tech investors and CEOs remain excited and still see the digital currency breaking its record highs from last year. One CEO even referred to Bitcoin as digital gold.

Despite what the general media says, it’s definitely good that these respected experts in the finance world are expressing their support for the digital currency. This is good news and a big step forward, right? This could help influence others into accepting crypto as well. What do you think?

Source:
https://www.cnbc.com/2018/07/12/bitcoin-crypto-cryptocurrency-ether-etheruem-digital-currency.html

I do not need the good news from the financial experts or the Crypto expert, I myself know that Bitcoin is a very potential currency in the future. If you are a great believer, you will easily become wealthy by investing consistently.
Now is a great time to invest in Bitcoin because its price is too cheap. buy and hold within 1 year, good results will come.

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[Delinquency]

Most of same "experts" didn't say a word when bitcoin hits 19k, just a few. Bitcoin is a new technology and it has own dynamics (anonymity, volatility, altcoins etc.) and current financial system may not understand how process is. I dont blame them. Even i agree with them little bit. For now bitcoin investment looks too risky but we see how much bitcoin powerful is in future.

[senin]

2nd richest man Warren Buffet said Bitcoin will end up badly.

Yeah, while Warren Buffet is a brilliant investor, he is not from this technological generation. He doesn't understand something like Bitcoin. And no, I am not just saying it because "he's an old man and just doesn't understand it." That's only a small reason, there are many other factors at play. It appears as if he takes it at face value and says "oh this internet thing people are buying are dumb! It's just an internet thing, it produces no value, why buy it?" when obviously Bitcoin is much more than that.

Chamath Palihapitiya put it best when he talks about Warren Buffet's negative comments on Bitcoin. Warren Buffet himself said to define a circle of competency and stay within that circle. As Chamath said, Bitcoin is not in Warren Buffets circle of competency. It's actually not even in the same world as his circle of competency. It is an error for him to comment on Bitcoin as if it is just some bubble with no utility and no value. Bitcoin is a brand new invention that has only been around for the last 9 years. Even with Warren Buffet's investing expertise, the world is significantly different now than what it was when he was just starting out. Mainly because of the internet. Information spreads much more quickly and trends catch on near instantaneously. Frankly, the generation that was born with the internet around (or was a young adult when the internet was taking off) is vastly different than any of the generations before.

This millennial generation would much rather invest in Bitcoin than invest in gold. A very large amount of gold's value is purely from speculation, while a fraction of that value is actually from industrial use cases. The younger generation will continue to invest in Bitcoin over gold because that is what we have grown up with. Digital things in an interconnected, digital world. We are used to this and actually prefer this over anything else because it is just plain better. That is why so many industries have been disrupted by the internet (taxis [Uber], phonebooks [Facebook, Google], television [Netflix, Hulu], Landlines [cellphones/smartphones], encyclopedias [Wikipedia], etc). The younger generation adopts this technology first, then everyone else follows. The new paradigms then slowly work its way back in time to the older generations and they begin to use it after years and years of it being around. Some actually never change.

The invention of the internet has irreversibly changed the world and therefore the way that every single person thinks. Bitcoin is the same exact way, and millennials love it. Bitcoin is disrupting a much larger industry and because of that, it does have a huge target on its back. Thank's to Bitcoins anti-fragility it has been able to grow and thrive. It will continue to do so as more young (<18) people grow older and pick Bitcoin over gold, and the older generation eventually does the same. This happens with every. single. technological innovation/trend.

To compare bitcoin and gold, it is necessary that bitcoin existed at least a hundredth part of the time that gold exists. Everything great is seen from a distance. Bitcoin exists only nine years. And what if it really is just a financial bubble? To admire bitcoin, it is necessary that it lasted at least a hundred years.

[nikonova]

We should not listen to what the media says. They just always have negative news about cryptocurrency trying to discourage others to try cryptos. Let's just try to be positive and have confidence in bitcoin.

[mamarried]

2nd richest man Warren Buffet said Bitcoin will end up badly.

For me it is one of the most valuable and important signs in the world right now, that we are still not lost and we cannot be done with bitcoins still. Because all those experts are believing in it, and so should we.

[renggileh]

2nd richest man Warren Buffet said Bitcoin will end up badly.

does the person's word have an effect on bitcoin?
I suspect it's just a nonsense, no one can guess the future. could be tomorrow he became the second poorest person in the world.
the wheel of life keeps turning. 

[crptotrader007]

I think this article should boost the morale of bitcoin users. According to this CNBC article, despite bitcoin having a rough year, bitcoin supporters including financial experts, tech investors and CEOs remain excited and still see the digital currency breaking its record highs from last year. One CEO even referred to Bitcoin as digital gold.

Despite what the general media says, it’s definitely good that these respected experts in the finance world are expressing their support for the digital currency. This is good news and a big step forward, right? This could help influence others into accepting crypto as well. What do you think?

Source:
https://www.cnbc.com/2018/07/12/bitcoin-crypto-cryptocurrency-ether-etheruem-digital-currency.html

I had read this article and was not suprised at all with the opinions of our experts.It's been too long since the Bitcoin has seen any spike.I wish is this could happen but I doubt.Every coin has another side and in this another side experts like Warren buffet,Dr.John C Edmands,Andrew Schrage,John O'Donnell all are loosing their faith in Bitcoin.This might can just put the end on Bitcoin.

[linlink]

With so many recent ups and downs, last 24 hours were quite good. Price jumped to $7500 levels for some time. Possible reasons :

1) Bloomberg announced that BlackRock is looking to invest in cryptocurrencies

2) Goldman Sachs will hire David Solomon in October .

[matthewio]

Wall streets is getting prepared to enter the crypto market. a lot of legal framework are being put in place , albeit behind the seen.It will only take some time

[Slow death]

This is good news and a big step forward, right?

Well, all we have are promises, they're not concrete things.

This could help influence others into accepting crypto as well.

Yes it can influence other people to invest in bitcoin, but the problem will be if this news does not materialize, because people will be disappointed

What do you think?

See:

Wall Street’s Tom Lee Says Bitcoin Price to Hit $22K by Year’s End, ‘Can Reach $25K’

TenX Co-Founder Still ‘Quite Confident’ Bitcoin Can Hit $60,000 This Year

when December comes, look at these predictions, that you immediately realized that you can not believe in these guys

At last, CNBC posted something beautiful on their headlines not like those articles that they keep on posting that's causing a lot of panic and fear.

Chamath experienced on how bitcoin grew for the past years and has bet on it, just like most of us here we do experienced how bitcoin growth for the past years so no one can change what we have tasted.

2nd richest man Warren Buffet said Bitcoin will end up badly.

Bitcoin will end up badly for sure,

You guys losing hope? you sold at dip?

probably they have sold with losses or are some fanatics of gold and silver

[r32godzilla]

2nd richest man Warren Buffet said Bitcoin will end up badly.

But he has knowledge only about traditional investments and he has zero knowledge about new technological inventions.That's why,he stays away from such new investments.

[Flyne d Coin Digger]

They know how marketing worlds works, so they are not really affected by false news and information on the social media because they search for the truth and they have update for it. They were making conclusion on their work with a solid evidences not by just information out of the internet.

[aizen10]

They excited because they can really see what can be this bitcoin in the future, as a financial experts, all the fellings, expressions that they want to say can be an influence to the othet persons that really dont know what bitcoin is, and this can be has a big impact in the crypto word as they mentioned bitcoin.

[bitterguy28]

I think this article should boost the morale of bitcoin users. According to this CNBC article, despite bitcoin having a rough year, bitcoin supporters including financial experts, tech investors and CEOs remain excited and still see the digital currency breaking its record highs from last year. One CEO even referred to Bitcoin as digital gold.

Despite what the general media says, it’s definitely good that these respected experts in the finance world are expressing their support for the digital currency. This is good news and a big step forward, right? This could help influence others into accepting crypto as well. What do you think?

Source:
https://www.cnbc.com/2018/07/12/bitcoin-crypto-cryptocurrency-ether-etheruem-digital-currency.html

Hope so this help for bitcoin hype in the market,  this month of july the positive news about bitcoin and crypto are continue uptrend i think that's reason bitcoin now slowly uprise their price at the coinmarketcap so stay tune and watch what bitcoin comes for this year 2018.

[2weent6]

2nd richest man Warren Buffet said Bitcoin will end up badly.

For me it is one of the most valuable and important signs in the world right now, that we are still not lost and we cannot be done with bitcoins still. Because all those experts are believing in it, and so should we.

We are not sure about this thing, but yeah we must not be too complacent about this technology. So for now, just enjoy yourself on making money in this market because I know this market will still be here for the next 10years so make the best out of it.

[Al-e_x]

yes, you are right, so, we do not worry, there are still many big investors and even influential people in the world that support bitcoin.

this gives us great hope that bitcoin in the future will be better, and I think do more action to spread bitcoin to the public will help the bitcoin volume and bitcoin value rise

[mklost]

Yes, this news boosted the market, I saw this article but I ignored it, I thought this prediction will be wrong as others. But the thing is, This news is really boosting the crypto market and we are seeing a new hope in bitcoin. Maybe The bull market will start in August. And this is just the starting step. I hope more financial experts will come in the blockchain technology. Let's start spreading the good news about the crypto market and make a real hype.

[pitiflin]

Little bit go backlash here, back in 1929, the Great Depression happened. The stocks were collapsing and people were running out of money. FDR saved the US and here we are now. Stock Markets are still a thing. So if you really think crypto would die or people will start losing interest in it because it had a few bearish months , that's not gonna happen. People will have interest in it, as long as it is involved with money.

[thet]

Financial experts are so excited with the Bitcoin pump , because they are behind all of this. They are the source of Bitcoin crashes and FUD. Everytime Bitcoin goes down they buy a lot.

[Al-e_x]

2nd richest man Warren Buffet said Bitcoin will end up badly.

not just warren buffets and bill gates who say bitcoin is a bad idea, but agustin carsten also says that crypto is bubble and ponzi.

he said that crypto based currencies do not have the main features to be currency. he also said that the bank will create electronic money, but not like crypto.

I think, the banks are also inspired from crypto.

so do not listen to the FUD statement.