Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

[jseverson]

I could be wrong, but the last time Bitcoin's price actually moved substantially following a famous person stating their opinion was in 2017, when Dimon ripped it. That closely coincided with China threatening to close off all exchanges though, so it's entirely possible that Dimon's words didn't have any effect at all.

Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid userbase and a clear path ahead now.

[SaShiRaJaVu]

Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid user base and a clear path ahead now.

When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the time and hence they are doing so and if it was a few years back the movement would have stopped if there was any FUD news but not anymore, the market has grown to a point that these sort of silly rants wont pull the market down, if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.

[jseverson]

-snip-

When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the time

Probably. It seems to me like a lot of them (the high profile ones who people actually talk about) won't benefit from any additional publicity from bashing Bitcoin, but I'm sure they know how to utilize publicity more than I do.

if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.

I'm sure it would have had a much bigger impact if more coins were stolen. For a massive exchange like Binance, the amount stolen likely amounted to peanuts. User funds weren't even affected. The one I'm more confused about is all the bad publicity regarding Tether. I expected Bitcoin to take a dive considering all that talk about Tether propping up Bitcoin's value, but it doesn't look like anything of the sort is happening.

[Wind_FURY]

Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid user base and a clear path ahead now.

When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the time and hence they are doing so and if it was a few years back the movement would have stopped if there was any FUD news but not anymore, the market has grown to a point that these sort of silly rants wont pull the market down, if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.

It's not entirely FUD. Someone has a point when he or she says that "Bitcoin is a Ponzi", because Bitcoin really was a "naturally-occuring Ponzi" the same way gold was a "naturally-occuring Ponzi". As people learning about Bitcoin, we should accept that.

[bhabygrim]

They could say what they want but it wouldn't matter anymore.
We have experience it before so many rants so many negative things about crypto but look at us now,
Bitcoin is still alive and still pumping up .
I remember reading a thread back before about bitcoin being a bubble that would just pop out .
I think the one who says it are still waiting for it to happen .

[niisarearning]

We already seen in this bull run even the major exchange Hack doesnt effect crypto bull run . Bitcoin already passed 8000$ + form its lowest below 3800$ . If binance hack only doesnt effect then no others word also effects for sure.