Dr.Doom - Most crypto people are totally clueless

[aoluain]

Dr.Doom - Nouriel Roubini

Dr.Doom is actually a nickname for a number of BEARS over the years, There is a
list of them here on this ARTICLE
but for this thread its all about BItcoin so I’m posting about Nouriel Roubini.

Nouriel Roubini is somebody which has evaded my attention until I started writing an
article on Jamie Dimon. The Name Dr.Doom came up and I was intrigued.

Nouriel Roubini is an American Economist who is known for his gloomy economic
warnings and has been a staunch critic of Bitcoin over the years, so like my threads
on Warren Butffet and Jamie Dimon I would like to list his Bitcoin related statements
which unlike JD have not softened over the years until November of last year where he
seems to acknowledge some understanding of Bitcoin, but I suppose his nickname is there
for a reason.

A lot of his commentary is centered around the 2017/2018 “Bubble” he talks some sense
really and its interesting to hear his views in relation to what happened then.
like all critics of Bitcoin the decentralized nature of it grates against their traditional
FIAT economic view.

Criminality again is mentioned in his statements a lot, it’s the same line we are hearing
already this year from government financiers and is their go to argument for regulation.

2018 February 2nd – Biggest Bubble in History

“We can’t allow it to become the next Swiss bank account for use by criminals and
people evading tax.”

2018 October 11th – Bitcoin is the ‘mother of all scams’

Bitcoin is the ‘mother of all scams’ and blockchain is the most hyped tech ever

2019 April 11th – Most crypto people are totally clueless

They want to reinvent everything about money, but most of them are absolutely totally clueless.
The ratio between arrogant and ignorant is astounding – I have never seen such a gap in my life.
These are fanatics. Some of them, like criminals, zealots, scammers, carnival barkers, insiders
who are just talking their book 24/7.

2020 March 9th – So BTC is a shitty shitcoin hedge in risk-off cases

2020 November 13th – Crypto’s Fiercest Critic—Has Admitted Bitcoin Could Be A ‘Store Of Value’

"[Bitcoin is] maybe a partial store of value, because, unlike thousands of other what I call shitcoins,
 it cannot be so easily debased because there is at least an algorithm that decides how much the
supply of bitcoin raises over time…”

2020 December 24th – Bitcoin's 'hyperbolic bubble is going to go bust'

“First of all, calling it a currency — it’s not a currency. It’s not a unit of account, it’s not a means of
payment.…it’s not a stable store of value. Secondly, it’s not even an asset,”

“While in the case of Bitcoin, there is no income, There is no use. There is no utility. The only thing
is a speculative, self-fulfilling kind of rise, and that rise is driven totally by manipulation.”

“The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have
any fundamental value,”

“We’re close to the point where the hyperbolic bubble is going to go bust.”

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[BrewMaster]

A lot of his commentary is centered around the 2017/2018 “Bubble” he talks some sense really and its interesting to hear his views in relation to what happened then.

that's the dangerous thing about FUD (the good working FUD not the thing newbies do). not all of what they is a lie, that would be too obvious and they won't get an audience if they do that.
instead what they do is that they always throw in some facts, some interesting statements, etc and that way they get the audience hooked thinking he is right then they continue with their actual FUD and convince the audience that the lie is also correct like the previous statements.

[Broly46]

Keep going and they might be correct for one time, so far they seem to be all wrong.
Doing two wrong doesn’t make it right. I don’t think they can be right for once on this decentralised market.

[aoluain]

A lot of his commentary is centered around the 2017/2018 “Bubble” he talks some sense really and its interesting to hear his views in relation to what happened then.

that's the dangerous thing about FUD (the good working FUD not the thing newbies do). not all of what they is a lie, that would be too obvious and they won't get an audience if they do that.
instead what they do is that they always throw in some facts, some interesting statements, etc and that way they get the audience hooked thinking he is right then they continue with their actual FUD and convince the audience that the lie is also correct like the previous statements.

The critics historically get plenty of airtime because they sound interesting
and sound like they know what they are talking about.

The interesting bits are the Facts which they quote and they sound knowledgeable

Facts interwoven with Criminality and FUD

[Ryushin]

So when crypto market surges that's only when crypto is qualified to be a real store of value and when things looks hopeless crypto and bitcoin are bubble, this can work on those who are new to crypto but not me, crypto is highly volatility investment and the rise and fall works like a circle, I'm ready to turn around this circle and make more money, I don't care what others thought are all about

[zanezane]

So when crypto market surges that's only when crypto is qualified to be a real store of value and when things looks hopeless crypto and bitcoin are bubble, this can work on those who are new to crypto but not me, crypto is highly volatility investment and the rise and fall works like a circle, I'm ready to turn around this circle and make more money, I don't care what others thought are all about

That is how some of this FUDs work, they feast on the scraps of bitcoin market, trying to analyze the market and making a prediction that will make people panic which leads to their self-fulfilling prophecy to really materialize. The only way for this people to go away or have their predictions go down the drain is to ignore them if you don't know much about the topic that they are trying to cover which is actually what you are doing and some of us might be doing because we know they are full of it and challenge their claims if you have the knowledge and you are a rational person that is open to hearing opposing and sometimes offensive opinions from the opposing parties.

[stompix]

Dr.Doom - Nouriel Roubini

Dr.Doom is a genius, he is one of the smartest guys in the Marvel Universe, Roubini is just a guy that cries wold every time and managed to finally get one prediction right and from then another 100 wrong. Other than prophesizing doom and gloom constantly and being a fatalist offering no way out of this vicious circle he is nothing special even in his circle of analyst and cultist.

So why we should even talk about what this guy thinks and writes and giving him more attention than he deserves?

instead what they do is that they always throw in some facts, some interesting statements, etc and that way they get the audience hooked thinking he is right then they continue with their actual FUD and convince the audience that the lie is also correct like the previous statements.

In an interview, you can make two statements:
- this pipe is secure, it can resist pressures of 10 000 psi and not a single one has ever cracked
- if the pressure in this pipe reaches 50 000 psi it will burst and half of the city might get covered in oil if the flow it's not stopped in one day

Both are true, the first will not get one second of attention, the second has a 0.0001%chance of happening but will get a million more views.