Crypto ‘Won't Turn Out to Be a Complete Delusion'

[teejayrichard2]

most of the people who initially said bitcoin is complete delusion or just a bubble are beginning to understand bitcoin is beyond what they think. Only recently J.P Morgan having condemned bitcoin for long is now coming out with own cryptocurrency called JPM. That shows bitcoin has so much potential which the world is yet to realize and they are gradually doing that. I always feel excited when i see news about people like this who have spent time critising bitcoin come out to change their statements support bitcoin. Bitcoin is here to stay and more persons who spoke bad about it in the past will come to realize this with time.

[thankyoulord]

I am really not surprised at people who after saying negative things about bitcoin, come out much later to turn things around and say positive things. The truth is majority of these guys barely understand crypto and its working principles. Majortiy of them jsut feel like talking so they will be heard but then the benefits of crypto can not be over emphasized. Crypto has come to stay and it will forever change things for good.

[Distinctin]

I both agree and disagree, Because As you know, before was no one controlling Bitcoin. but now due to futures and leveraged exchanges bitcoin can be controlled.. Suddenly they can reduce the price by 100%. and again they can increase the price $ 1000. Am I right?

I think you are talking about market manipulations created by whales. They are not controlling the market but they'll have the power to make some hypes which makes prices moves high but in few days it will turn dump again.

It is obvious how people adopt the system and it makes this things not in a delusion anymore.

[eaLiTy]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.
With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

You will see many economist who were against bitcoin in the past will change their attitude towards it in the future and Niall Ferguson just started the process of understanding what the current market is all about. There is no doubt in anyones mind that bitcoin is an unstoppable force and the economist did have a hard time understanding the concept in the beginning as majority of the well known economist have no idea about technology and so is the reason many called it a bubble and so on.

[Sandus_Cryptolover]

I both agree and disagree, Because As you know, before was no one controlling Bitcoin. but now due to futures and leveraged exchanges bitcoin can be controlled.. Suddenly they can reduce the price by 100%. and again they can increase the price $ 1000. Am I right?

All what they do is hype a certain project or cryprocurrency thereby forcing more investors to push money into such assets, which we know definitely push the price up to a convenient spot before they (whales) eventually dump and move on to the next available project. This has always been their routine but over time as the knowledge of Bitcoin and blockchain technology expands, investors now understand the market and often times carry out a thorough due diligence before jumping on any project.

[Mr.Ease]

It's great to see big name people start leaning towards bitcoin being something more than a scam.

I still can't convince my buddies to get into it.
It will be a good day when I can say
 "You should've listened"

Then driving away into the sunset in my brand new gold Lamborghini...

[Indrawan77]

Many traditional investors try to implement the wrong idea to other because they don't want to accept crypto as an investment, they still think the only legit investment is the one that is tangible, crypto was created due to the people's demand, people that wanted a freedom for transaction, so the purpose of crypto creation is really clear, and so far crypto has been giving huge profit to who invest earlier

[coin-investor]

the first five years of Bitcoin people will think that it's a bubble because of the rate that people are adopting it and how price is skyrocketing, but after ten years, there should be a shift of mindset companies and big personalities are coming in and we have proven that cryptocurrency is a technology that will live on.

[plvbob0070]

People usually doubt cryptocurrency such as bitcoin at first but when they get to know it more, they'll learn how it works and such. The difference is just they are popular and influential and when they say things, it becomes an issue. At first they will tell negative things about bitcoin and would go completely against it since they have the wrong idea about bitcoin but when they get to know more about it, they will realize it and admit they were wrong

[KingScorpio]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

it doesnt really matter what people say they all talk according to their agenda.

so its pointless to care

[vickycoin05]

most of the people who initially said bitcoin is complete delusion or just a bubble are beginning to understand bitcoin is beyond what they think. Only recently J.P Morgan having condemned bitcoin for long is now coming out with own cryptocurrency called JPM. That shows bitcoin has so much potential which the world is yet to realize and they are gradually doing that. I always feel excited when i see news about people like this who have spent time critising bitcoin come out to change their statements support bitcoin. Bitcoin is here to stay and more persons who spoke bad about it in the past will come to realize this with time.

Indeed, everyday we'll always looking forward for more great news with bitcoin and as we hope for that many challenges will came in. Don't be too emotional in case there's a provoking scenario that will attest you during fluctuating period of price. Cryptocurrency will not turn to be worthless, but in exact time there's big bomb that will blow out when bull run hits the target.

[michellee]

I think those people don't realize what bitcoin can bring to them so they can say bad things about bitcoin. But after they see the benefits from bitcoin, they think, they are open their mind, and finally, they are accepting bitcoin. Crypto is not to threat fiat but it will help fiat in the financial business, so it's too naive to hear people say about bad things about bitcoin. I hope that soon, they all will know the truth of bitcoin and they will join in the crypto world.

[Ozero]

It's all about accepting or not accepting cryptocurrency by people. A crypto-currency will develop successfully if it is accepted and used by people. Without people who actively use cryptocurrency, it will be dead. While we can not say with certainty what is waiting for cryptocurrency in the future. Most likely, it will grow and develop. However, other scenarios are not yet excluded.

[teejayrichard2]

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM. Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

[wxa7115]

All nay sayers that once lambasted the bitcoin and Crypto are now gradually rescinding their statement after the crypto market continue to grow imapct the world, giving the traditional banking system a big concern. Infamous of all is my lovely brother Dimon Jamie, the CEO of JP Morgan. Change is inevitable we can't continue with this unfair financial system, where money is created from thin air just to enrich few and enslave the rest.

They have no other option but to withdraw their words, it was very easy to dismiss bitcoin as something that will never be successful, since they felt the economy was strong and bitcoin was weak, but now they are seeing that things are changing, despite the crash we suffered the market of cryptocurrencies is still worth 130 billion and the prospects for the future are very good but for the rest of the economy things are not looking good.

The most powerful countries around the world are indebted to levels that are unsustainable and banks and other institutions are still weak thanks the the previous crisis and finally they are still gambling in the market with financial products no one understands.

[Caladonian]

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM. Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

Which also can lead to more businessman to change their position about this chain, the system can be more developed and adopt by certain businesses and government institutions, is no longer the time of bubble thing or criminals safe ways but reality that blockchain is a big addition if executed well and make a good usage, the potentials are big and everything will turned into reality maybe some more years.

[Ridwan Fauzi]

The bad preconception which they have revealed about bitcoin were they didn't know the concept or development a technology per day or per month correctly. But when they feel the conversion of the technology, later on they will full the word which has been disclosed and made a new statement to supports cryptocurrency. So, let them opine with what they have felt because the changing times will be accompanied by technological developments. Maybe someday all countries will accept cryptocurrency well because if they don't do that then technological development in their country will be left behind, typical of a country that still glorifies a ancestral belief.

[Kimi80]

People maybe don`t understand things good but that shouldn`t be case whit economics and financial historian. They have reputation that have to keep, therefore obligation not to talk about something that are not sure about and if do not understand well, they shouldn`t make any comment on it. That is the reason why people should take statements from an experts with caution or reserve. It is always good to hear lots of different opinions but just to get informed, to help you create your own picture.
Maybe this man learn more about the subject and now can give his opinion from different angle. Maybe he has his own interest for presenting different opinion now. Imagine you are reading his statement from couple of years ago that is opposite than now. Now, you can find more experts at this moment talking about bitcoin in negative connotation and some people are taking those statements for granted. Two years from now, in 2021 they come out with different story... I`m just saying, maybe couple years from now he will say some other story again...
And crypto won`t turn out to be delusion 

[shamc]

Widespread usage is making it unstoppable. When countries like Venezuela start using it as their main currency you know it has real world use and will never be blocked

[TheUltraElite]

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM.

JPM coin is a scam though if you look closely to it its only made for you to fund their own system rather that give anything to you for your future gains. Those who are investing in it will be allowing banks to remain empowered. Thereby these investors though feel like supporting an altcoin are actually degrading the bitcoin ecosystem a lot.

Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

Benefits of bitcoin is what we should be caring for. Not some billionaire-owned shitcoin which is being bagholded by several others in the same propaganda ring.

Nice publicity of bitcoin in the face of media though. We havent had such incidents much last year.