clear cookies (OP)
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Merit: 24
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August 15, 2018, 01:31:43 AM |
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Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?
Source: cnbc
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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zenhu
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August 15, 2018, 01:38:34 AM |
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meh, I don't think so. Just because he says that doesn't mean it will go that way. Bitcoin will always have a price if there someone wants to buy and own it. Even if the price of BTC down to almost zero it will go back up again, but yeah its just based on my own opinion I'm not an expert about this though.
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dylanfinch2018
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August 15, 2018, 01:39:27 AM |
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airdrop21
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Staker.network - POS Smart Contract ETH Token
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August 15, 2018, 01:49:18 AM |
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Who is that person even? Does he even invest?
Warren Buffet and Bill Gates say a lot of things about bitcoin. They are all not true so far. I dont believe in what those people say anymore. We are crypto community; we have trusts and believe in what we do. That is all.
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viewpaker
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August 15, 2018, 01:54:23 AM |
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I don’t think so. The value of bitcoin will never be determined by the likes of them. They never been into cryptocurrency for sure that they are scaring investors out of this world.
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First77
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August 15, 2018, 02:02:02 AM
Last edit: August 18, 2018, 10:35:03 AM by First77 |
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2nd richest man Warren Buffet said "Bitcoin is rat poison"
expedia.com removed bitcoin as payment option. So Bitcoin has failed as a mode of payment.
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Gaurav11kb
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August 15, 2018, 02:05:36 AM |
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Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?
Source: cnbc
All predictions fails when it comes to Bitcoin except the one that it always rises back. This is all just bullshit. People who aren't investing and earning from crypto will always find faults in it. |
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tech12345
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August 15, 2018, 02:10:47 AM |
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Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?
Source: cnbc
When the red market only makes investors want to buy more Bitcoin. I think the buying power will be strong in the near future, the bad news is over and they can no longer affect the Bitcoin price. |
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Velkro
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August 15, 2018, 02:15:14 AM |
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no value in bitcoin and "Bitcoin makes no revenue, no profitability."
If global currency, without central authority isn't value, as store of value he is just delusional and don't know anything behind bitcoin technology bitcoin isn't company to be talked about with words "revenue" or "profitability" |
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Asawakobana2017
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August 15, 2018, 02:16:11 AM |
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I believe that bitcoin os not useless but in fact it is useful. I t can really help us a lot in terms of getting an extra income on some of their ways. I believe that the bitcoin will soon rise and we don't have to think that is is useless because we earn on btc from the start until today.
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vovanlau1
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August 15, 2018, 02:23:55 AM |
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Bitcoin will never go to zero because it is a hedge against falling currencies, inefficient economies and increasingly systemic inequality.
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pakhitheboss
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August 15, 2018, 02:33:01 AM |
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What does he mean by Bitcoin lot closer to zero?  Does he even understand how it operates? Next he compares Bitcoin as a company and related it with Revenue and profitability I am sure he does not have any idea about Blockchain tech and crypto. Please ignore his statement and please stop asking such question Furthermore you are picking up Bitcoin news from CNBC CNBC are the biggest FUDDER |
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pooya87
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August 15, 2018, 02:41:30 AM |
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if i have a business and you come destroy it and start making it obsolete then i would start making my business better to be able to compete with you but that is just me. others like PayPal know their business is old and should die soon and they can not improve it any more and it will always remain centralized so they try to postpone their death by attacking bitcoin and delaying its adoption.
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giantrobot
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August 15, 2018, 02:54:24 AM |
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That's just a guess. You see, the market is always unexpected, the currency seems to be zero but suddenly burst back. I think a high-value Bitcoin will not disappear so easily, once it's gone, what will the electronic money market do? All the rumors are bullshit and negative.
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heartwreck
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August 15, 2018, 03:01:55 AM |
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Bitcoin for me has a lot of worth, I myself when i started using bitcoins had benefited from it, because im just getting it free. Bitcoin for me will be useless for those who will not know or willing to learn how it gonna works for them.
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Initscri
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August 15, 2018, 03:09:55 AM |
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I mean look who's saying it, CEO of PayPal, which is in competition to Bitcoin.
No one can 100% determine the fate of Bitcoin whether it be positive or negative.
At the end of the day, anyone who suggests a specific price-point/future for BTC (or other digital currencies) w/ a level of certainty, aren't all that certain and have something to gain from that claim.
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lingdelta1
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August 15, 2018, 03:43:13 AM |
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Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?
Source: cnbc
Although the application of Bitcoin in reality is not much but I think in the future it is more application. The words are just the worst rumors of the day |
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flying_bit
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August 15, 2018, 03:47:50 AM |
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Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?
Source: cnbc
Let's analyze first the situation Paypal is right now to make that kind of statement...Paypal is currently most use means of payment and transferring of money in internet. For ecommerce business, even when accepting thru credit it still goes thru Paypal since they are offering secure payment. That's what Paypal is! Now here comes bitcoin, decentralized and anonymous (supposedly). Anyone can transact using bitcoin with no frills and fringe, less hassle and transparent. With all this, it's pretty obvious that Bitcoin is a threat to Paypal. Now need I say more why Bill Harris saying that? |
Reality is the only thing that is real.
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maminelly
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August 15, 2018, 03:59:52 AM |
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bitcoin is not useless but in fact it is useful it can really help us a lot in terms of getting an extra income on some of their ways....i believe that the bitcoin will soon rise and we don't have to think that is is useless because we earn on btc from the start until today and the end...
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clear cookies (OP)
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August 15, 2018, 04:03:55 AM |
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I really don't know, that's why im asking too. Who is that person even?Does he even invest?
He is the former ceo of paypal,Bill Harris. And i think that paypal and bitcoin have a competiton for transacting too. Like who is the fastest for transferring money? So, i think that's why he create this FUD. |
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