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Author Topic: Co-founder and CEO of Avenue Capital Group lamented he should have bitcoin  (Read 150 times)
Oshosondy (OP)
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June 08, 2021, 07:45:28 PM
 #1

I do not know the reason why some people will report that bitcoin is dying when the price plummeted, there is another recent crash since yesterday but I like what the CEO of Avenue Capital Group said about bitcoin. He said the market has been established. I believe that too, also when in the past years when bitcoin level of adoption is not as strong as of this time, the price did fluctuated, decreased during the process but increased back and reach all-time-high, bitcoin is just a digital asset that can not be ignored.

Quote
https://cointelegraph.com/news/i-should-have-bought-a-lot-more-laments-billionaire-investor-on-bitcoin
Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away. In a Tuesday interview with CNBC’s Squawk Box, Lasry said that while the price of Bitcoin (BTC) could go anywhere from $20,000 to $100,000, the market has been established, implying it is unlikely to go to zero.

https://mobile.twitter.com/SquawkCNBC/status/1402246283117711367

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Lucius
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June 09, 2021, 02:24:03 PM
 #2

He literally says "he's sorry he didn't buy more BTC" which means he already owns a certain amount. And everything else is just a logical consideration if you look at the bigger picture - while on the other hand the masses just look at the numbers that change on the screen and panic because of unrealized short-term losses.

People say BTC has been dead for more than 10 years, they have officially buried it more than 400 times - but that says more about people in general than about some other things.

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June 09, 2021, 04:24:02 PM
 #3

That gold guy probably doesn't want to hear another rich guy say BTC won't go to zero hehe.

...

I actually like what he said about BTC price moving up quicker than what was expected. It took me back to last year when investors, business owners, and financially educated people came to a realization about fiat inflation during the early days of pandemic and lockdown.
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June 09, 2021, 06:32:33 PM
 #4

I do not know the reason why some people will report that bitcoin is dying when the price plummeted, there is another recent crash since yesterday but I like what the CEO of Avenue Capital Group said about bitcoin. He said the market has been established.
We are hearing the same sentence time and again about BTCitcoin and people who really missed out on investing in it will continue to say that in the next decade as well and there is nothing anyone can do about it, it is not a big surprise that the cryptocurrency market is volatile and it is a global market and it is different than the rest of the market and some were reluctant because they did not believe that the market would survive and here the CEO of Avenue capital is saying the same that he missed investing in it when the price was really low, but i am glad that he is not creating any FUD but accepting his miscalculation.


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June 09, 2021, 06:41:05 PM
 #5

From the fa t that, the whales and other huge investors could make the market price for bitcoin fall by promoting a fud mean while they accumulate sats and yet, the bitcoin market still remains in existence, its an indication that bitcoin is going no where. The fuds we here of is just that, fud. M3nt to scare the beginners based, short term traders and those that are too fearful to loose on an investment. I believe experience should have thought most crypto investors that it doesn't help to sell due to fear becuase, you lose every time. Sell with a purpose, a purpose not based on fear, a purpose for which necessitate you selling either to reinvest or for some other reason but it shouldn't be about fall in price. The usdt stable coin is always there for store of value and then, you can always search for the low and buy more.
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June 09, 2021, 08:20:00 PM
 #6

I do not know the reason why some people will report that bitcoin is dying when the price plummeted, there is another recent crash since yesterday but I like what the CEO of Avenue Capital Group said about bitcoin. He said the market has been established.
We are hearing the same sentence time and again about BTCitcoin and people who really missed out on investing in it will continue to say that in the next decade as well and there is nothing anyone can do about it, it is not a big surprise that the cryptocurrency market is volatile and it is a global market and it is different than the rest of the market and some were reluctant because they did not believe that the market would survive and here the CEO of Avenue capital is saying the same that he missed investing in it when the price was really low, but i am glad that he is not creating any FUD but accepting his miscalculation.



These words or statement is already common and this doesnt talk about only those popular person or whales out there but same goes to ordinary investors or average joe whom do think that they should have at least make some investment when bitcoin was still cheap. People wont realize up things on early basis and thats why they do keep still on doubts and minding and waiting off for some time for them to get in since they arent still convinced until the time comes where the price had already shoot up and would tell those common words of regret. This thing applied to everybody
but actually its never been too late even we do tend to get in now.

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June 09, 2021, 10:41:26 PM
 #7

People who are skeptical about bitcoin or who don't believe bitcoin sister a scam would only blame themselves on the long run because eventually bitcoins would become the number one currency and only people who got in on the train as early as possible would be the ones to gain the most.
It has been said over and over again that the recent crash in the price of bitcoin isn't the end and there is the assurance that it will rise again. It has happened before and it will happen again. If you look at the chart over the years, you'd realise that this is history repeat itself.

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June 09, 2021, 10:56:20 PM
 #8

Thats normal to see and read statement like this. Everyone who owns a fraction of bitcoin is definitely will say something good or shill about it. What he says is like a shill about his bag and thats normal. There are big players whom keep posting on their social about the potential of bitcoin and guess what, these guys have share of it and Im sure about that.

Many people are always on the panic sell when bitcoin is crashing but that is due to fear of course. The volatility of bitcoin is always like that so we  understand how it moves.

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June 09, 2021, 10:59:53 PM
 #9

I think you don't know to be a rocket scientist to see that bitcoin is not going to 0. For those who are claiming, it's obvious that they have their own narrative behind spreading this kind of lie. And I'm sure we have heard this many times in the past that bitcoin is dead etc, etc. And yet it is so resilient and has found it's way to $60k this year.

He could have some in his wallet, early but didn't manage to get more while bitcoin is still cheap and this is what he regrets, (just like the rest of us.)

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June 10, 2021, 01:51:02 AM
 #10

yes that's right, the price will not go down to 0, because now the market is already formed and strong enough to withstand the pressure. so what are you waiting for now buy it, then hold it for some time to come and see what bitcoin can give you.

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June 10, 2021, 02:13:09 AM
 #11

He could still take the bold step and add more to his bag at this price, this drop in price already made it possible for new comers to step in, it is impossible to ignore an asset like btc, reason why we have so many fudders trying to appear knowledgeable than the rest of us, even though a part of them want to grab as much as they could, their ego always get in the way, sooner than later fudders will turn supporters, that simple.

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June 10, 2021, 02:19:30 AM
 #12


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jika ceo vounder dan evenua capital group minta maaf karena tidak bisa menyimpan banyak coin, berarti kita bisa menyimpulkan bahwa kita tidak perlu panik lagi dengan orang yang mengatakan bitcoin scam, like truf bitcoin scam, like elon tweet negatif musk tentang bitcoin, kita harus percaya bahwa bitcoin pasti akan membawa kita menuju kejayaan, bitcoin itu nyata bukan scam..
if ceo vounder and evenua capital group apologize for not being able to save a lot of coins, then we can conclude that we don't need to panic anymore with people who say bitcoin scam, like trump bitcoin scam, like elon musk negative tweets about bitcoin, we have to believe that bitcoin will definitely lead us to glory, bitcoin is real not a scam..
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June 10, 2021, 02:20:32 AM
 #13


if ceo vounder and evenua capital group apologize for not being able to save a lot of coins, then we can conclude that we don't need to panic anymore with people who say bitcoin scam, like trump bitcoin scam, like elon musk negative tweets about bitcoin, we have to believe that bitcoin will definitely lead us to glory, bitcoin is real not a scam..
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