Another story telling how billionaires hate bitcoin? - read over quick coffee.

[NotATether]

What I admire most about Ray Dalio is his book about World Changing Orders and Rise and Fall of Empires which he emphasizes many times that a war is necessary to be able to have peace. And this also is decided by them, probably by the WEF.

I have not read the book but since you cherry picked about necessity of war [from him], here is what I think.
They do not war against each others to have peace but to seize power from one hand to other. They sell peace to war but evil behind it is the power seeking. It has long history but let's consider from Dutch to English, English to US, now US to to be continued. You think any of them were to establish peace? Think twice.

As we write, there is already war right now between Russia and Ukraine.

How then, does the peace come for everyone? It's illogical when you think about it.

"Blockchain is great, but Bitcoin/altcoins freakin' suck."

I freakin hate this one. It's mostly being said by those who hate bitcoin/crypto, but acknowledges blockchain so they wouldn't sound like a tech/innovation snob.

The funny thing is, there is no blockchain without the units of currency that fill it (call them Bitcoin, altcoins, or whatever you want). I'm not sure why this part is so difficult for people to understand.

[Findingnemo]

Uber is dying too in most countries because of bike taxis and people can afford their own cars so he is just doing it for publicity stunt or just blabbering cause he himself afraid of his investments return in future.

For any investor crypto is just another investment and if they find something better they can move on and the volatility also high with crypto there is no denial in the fact but cryptocurrency proved all these oldies were wrong since the beginning and growing strongly.

[posi]

Uber is dying too in most countries because of bike taxis and people can afford their own cars so he is just doing it for publicity stunt or just blabbering cause he himself afraid of his investments return in future.

For any investor crypto is just another investment and if they find something better they can move on and the volatility also high with crypto there is no denial in the fact but cryptocurrency proved all these oldies were wrong since the beginning and growing strongly.

Honestly, I don't believe what billionaires say about bitcoin or cryptocurrencies because they know bitcoin's lucrative potential, and they don't want people to get rich quickly and on par with them. They are afraid of that happening, so they always talk bad about bitcoin to keep people away from bitcoin. I believe there are many billionaires who are quietly investing in bitcoin, they are not stupid enough to not see the potential of bitcoin, but they do not want equality in this world.

[ethereumhunter]

It's okay if he asks because maybe he doesn't really understand what bitcoin is, what blockchain is and things related to bitcoin. What's important is that we have a purpose in investing in bitcoin and not think about what other people say because they might not like crypto. They can say all kinds of things about crypto, especially bitcoin and we can't change that. So it's up to them and if they still don't want to invest in bitcoin, we shouldn't pay attention to him.

[Haunebu]

Possessing money doesn't always equate to your level of intelligence and this guy is basically a great example to prove my statement. I respect his opinion, but I completely disagree with it for various reasons.

There will always be haters of BTC, but there will always be supporters too like us which is all that matters at the end of the day.

[franky1]

Basically what he suggest is: crypto currencies as an asset can be replaced by any other means of asset, for example a newer form of asset and thus there is no guarantee for it's long lasting existence.

According to him it would be better if all the crypto investors find another form of investment for secure future.

its more of a "dont put all eggs into one basket" investment advice
yes some cryptos. like say ethereum is being artificially held up by a bubble value right now due to arbitrage and how ether is locked and not doing its own price discovery right now. so has yet to see the "PoS" value correction to the new 95% lower production cost(bottomline value)

so yea some currencies will see value crashes once stakes can be unlocked and start hitting the market selling at profits with new lower costs of 20x lower 'minting' cost average compared to last year

however bitcoins value is in its lowest efficiency mining cost region which is $15k+ meaning bitcoins price is still in its cheap value region and not at a ATH region(last $70k). and as long as hashing grows to keep the bottomline cost going up. bitcoins store of value % is in a great "green happy zone" (just dont buy btc at a premium ATH price(expect corrections after ATH's))

i personally am a long term bitcoin maximalist that sees bitcoin has many mechanisms at play that will and should keep bitcoins hashrate rises and thus value competition going up for many years and thus the competition for underlying efficient low costs increase to higher costs as time goes on. so bitcoin is a stronger investment to trust than say ethereum

[Findingnemo]

Uber is dying too in most countries because of bike taxis and people can afford their own cars so he is just doing it for publicity stunt or just blabbering cause he himself afraid of his investments return in future.

For any investor crypto is just another investment and if they find something better they can move on and the volatility also high with crypto there is no denial in the fact but cryptocurrency proved all these oldies were wrong since the beginning and growing strongly.

Honestly, I don't believe what billionaires say about bitcoin or cryptocurrencies because they know bitcoin's lucrative potential, and they don't want people to get rich quickly and on par with them. They are afraid of that happening, so they always talk bad about bitcoin to keep people away from bitcoin. I believe there are many billionaires who are quietly investing in bitcoin, they are not stupid enough to not see the potential of bitcoin, but they do not want equality in this world.

They're not afraid of people getting rich all they afraid is people is adapting to decentralized monetary system which makes billionaires to become powerless so they are pushing the governments as hard as they can to suppress the growth since we are at the earliest stage of its adoption.

But Bitcoin isn't made to make people rich either it's solely created with complete transparency when it comes to transaction no third party needed for any transaction to happen.

[m2017]

It would be interesting to know if Ray Dalio invested in bitcoin, how would he react about it? And if he became a millionaire billionaireat with bitcoin, then how?

I'm sure he only speaks well of the Uber and investing in it because he's been so successful at it. In general, I want to say that very often the opinions of famous and public figures can be biased. Don't need to immediately take their opinion as the truth, because they are also people and can be wrong.

I think Ray Dalio most likely knows very little about bitcoin and does not fully understand it.

You (OP) gave an exact analogy with Dubai and oil. Maybe you should voice it to Ray?

[serjent05]

Possessing money doesn't always equate to your level of intelligence and this guy is basically a great example to prove my statement. I respect his opinion, but I completely disagree with it for various reasons.

There will always be haters of BTC, but there will always be supporters too like us which is all that matters at the end of the day.

Having a different opinion and point of view doesn't make anyone an idiot.  He has proven himself as his strategy of investment makes him a billionaire so he might think that he has the authority to express his belief in Bitcoin and blockchain.

The person may be uninformed about Bitcoin and blockchain but that does not make him less intelligent than us.  Remember he has his own specialty and he proves his way and strategy are enough to make him a billionaire.

[carlfebz2]

Possessing money doesn't always equate to your level of intelligence and this guy is basically a great example to prove my statement. I respect his opinion, but I completely disagree with it for various reasons.

There will always be haters of BTC, but there will always be supporters too like us which is all that matters at the end of the day.

Having a different opinion and point of view doesn't make anyone an idiot.  He has proven himself as his strategy of investment makes him a billionaire so he might think that he has the authority to express his belief in Bitcoin and blockchain.

The person may be uninformed about Bitcoin and blockchain but that does not make him less intelligent than us.  Remember he has his own specialty and he proves his way and strategy are enough to make him a billionaire.

Yes you are right, it is really just that there are people who do really got jealous or envied someone in regarding their financial status whether its a millionaire or billionaire which come to think that they do work

hard before they do able to reach up that state and this is why its up to their own view and perspective on whats Bitcoin or crypto to them.If they do hate it then so be it but if not then its up to them.

This is why we shouldn't really mind others opinion and perspective because it would really just stress you out and in something that arent your business.
Mind your own always and it would be more worth on spending up time.

[Bushdark]

Since I have become a fan of cryptocurrency, I have stopped arguing with people on what there benefit of becoming a Bitcoin investor would be because I know that you can not successfully argue with some persons.
They will always bring out weak facts a out cryptocurrency especially the odd aspect just to discourage you or win any argument with you. This is not a time to argue about what Bitcoin could do for us including the benefits but to concentrate on helping people that are interested in Bitcoin and want to be an investor.  This is not the time to listen to the weak opinion of people discouraging the adoption of Bitcoin.

[dansus021]

You know what's common with these billionaire critics? Pretty much all of them are in the United States. If you're in a country where your currency and currency restrictions are mostly great (at least compared to other countries), you tend to think that bitcoin is unnecessary. People in other shitty/tight countries would beg to differ though.

God, I don't know how but what you have said its true, Pretty much all of them are in the United States.

He's an old guy just like Munger and Buffet but he at least took his time learning a bit about crypto. He may have meant those altcoins that are replaced all the time at the top of ranks back in the early days and then now can't be found on the top 100. But he missed seeing BTC be the top all the time.

His views on the future amazed people compare to the Birkshire guys though but all of them look at the future still with gold.

and you have good point
I mean right know what is the investment who doesn't have risk those people believe in some kind of instrument but don't believe in other. Everything always have the negative side even the mutual fund, stock, or even government bonds

[cr1776]

You know what's common with these billionaire critics? Pretty much all of them are in the United States. If you're in a country where your currency and currency restrictions are mostly great (at least compared to other countries), you tend to think that bitcoin is unnecessary. People in other shitty/tight countries would beg to differ though.

This - just ask the people of Cyprus, Venezuela, Germany in the 1930s, North Korea, China, Russia etc.  Other countries in the future.  Perhaps even the US if the statists get their way and destroy liberty there.

Plus the fact that the value of the asset keeps the blockchain secure.  If you have a cartel that controls the blockchain and don't care about the security, then you really don't need crypto, just a distributed, shared database.  If you want something secure in a trustless environment there has to be some value there to secure or else who is going to care?

[Haunebu]

Having a different opinion and point of view doesn't make anyone an idiot.  He has proven himself as his strategy of investment makes him a billionaire so he might think that he has the authority to express his belief in Bitcoin and blockchain.

The person may be uninformed about Bitcoin and blockchain but that does not make him less intelligent than us.  Remember he has his own specialty and he proves his way and strategy are enough to make him a billionaire.

What the heck are you going on about? He is definitely an idiot when referring to his knowledge of cryptocurrencies and so many posters have already pointed that out. He clearly needs to learn more about BTC.

Honestly, billionaires like him usually say shit about BTC in order to buy the dip and sell when it rises later on which is a clever strategy.

[pooya87]

"Blockchain is great, but Bitcoin/altcoins freakin' suck."

I freakin hate this one. It's mostly being said by those who hate bitcoin/crypto, but acknowledges blockchain so they wouldn't sound like a tech/innovation snob.

The funny thing is, there is no blockchain without the units of currency that fill it (call them Bitcoin, altcoins, or whatever you want). I'm not sure why this part is so difficult for people to understand.

I believe when these people use the term "blockchain is great but not crypto" they are referring to the underlying technology as a whole not just the blockchain (ie the database) alone. That includes units of currency but their view is a  centralized form of the technology that would translate into something like the CBDC nonsense.

[Ayers]

Having a different opinion and point of view doesn't make anyone an idiot.  He has proven himself as his strategy of investment makes him a billionaire so he might think that he has the authority to express his belief in Bitcoin and blockchain.

The person may be uninformed about Bitcoin and blockchain but that does not make him less intelligent than us.  Remember he has his own specialty and he proves his way and strategy are enough to make him a billionaire.

What the heck are you going on about? He is definitely an idiot when referring to his knowledge of cryptocurrencies and so many posters have already pointed that out. He clearly needs to learn more about BTC.

Honestly, billionaires like him usually say shit about BTC in order to buy the dip and sell when it rises later on which is a clever strategy.

You admitted. He and other billionaires are not stupid, only those who believe what they say to stay away from bitcoin are stupid, and I've never seen anyone stupid become a billionaire. I believe those billionaires also invest in bitcoin, and they say bad about bitcoin doesn't mean they don't invest in it, they talk bad about it every day because they don't want us to invest in bitcoin anymore. Rich people don't want to share their wealth with others, don't believe what they say, watch what they are doing.

[xSkylarx]

He is a good investor, a book writer, and has a consulting business that is making tons of profits per year, which I would say is his opinion, but I don't agree with it. I really like his books, as they are for self-improvement as well as for business, but when it comes to technological aspects, he isn't that familiar with them. He may not fully understand the technology behind the crypto, which is why he is telling those. It is still in us if we do follow his suggestion (which I made big wrong predictions before inflation and depression). But thinking on the positive side, he is just telling us to diversify our investment, not only put it in crypto.

[posi]

Uber is dying too in most countries because of bike taxis and people can afford their own cars so he is just doing it for publicity stunt or just blabbering cause he himself afraid of his investments return in future.

For any investor crypto is just another investment and if they find something better they can move on and the volatility also high with crypto there is no denial in the fact but cryptocurrency proved all these oldies were wrong since the beginning and growing strongly.

Honestly, I don't believe what billionaires say about bitcoin or cryptocurrencies because they know bitcoin's lucrative potential, and they don't want people to get rich quickly and on par with them. They are afraid of that happening, so they always talk bad about bitcoin to keep people away from bitcoin. I believe there are many billionaires who are quietly investing in bitcoin, they are not stupid enough to not see the potential of bitcoin, but they do not want equality in this world.

They're not afraid of people getting rich all they afraid is people is adapting to decentralized monetary system which makes billionaires to become powerless so they are pushing the governments as hard as they can to suppress the growth since we are at the earliest stage of its adoption.

But Bitcoin isn't made to make people rich either it's solely created with complete transparency when it comes to transaction no third party needed for any transaction to happen.

So what are you investing in bitcoin for? Are you looking for decentralization and financial transparency? It is true that Satoshi's purpose of creating bitcoins was to create a transparent trading system and no need for a third party. But so far, bitcoin is a highly profitable investment channel, and people go there for profit reasons. Market participants to this day are looking forward to the wealth that bitcoin brings, you and me included.

[Findingnemo]

snip~
So what are you investing in bitcoin for? Are you looking for decentralization and financial transparency? It is true that Satoshi's purpose of creating bitcoins was to create a transparent trading system and no need for a third party. But so far, bitcoin is a highly profitable investment channel, and people go there for profit reasons. Market participants to this day are looking forward to the wealth that bitcoin brings, you and me included.

Making money is one of the reasons but it isn't the sole reason and satoshi didn't have such visions while creating bitcoin as well. Of course you, me, and everyone else need money in this world to survive but bitcoin brings decentralization which gives complete control of our money in our hands while fiat is highly controlled by central banks, and can do whatever they want when they want to.

I understand blockchain technology so I believe it is going to be the future of money that is the reason why I am here nothing else, and who knows one day I can tell about being one of the earliest adopters of bitcoin to my grandkids.

[michellee]

He is a good investor, a book writer, and has a consulting business that is making tons of profits per year, which I would say is his opinion, but I don't agree with it. I really like his books, as they are for self-improvement as well as for business, but when it comes to technological aspects, he isn't that familiar with them. He may not fully understand the technology behind the crypto, which is why he is telling those. It is still in us if we do follow his suggestion (which I made big wrong predictions before inflation and depression). But thinking on the positive side, he is just telling us to diversify our investment, not only put it in crypto.

Yes, taking the positive side, it means we should try to diversify our investment by not only investing in crypto because there are many types of investment. But if he forbids you to invest in crypto, you don't need to listen to him because we have our own opinion that we get from the results of our research.

And if he wants to open himself up to accept crypto and learn what the benefits of crypto are, I think he will agree and maybe he has invested in crypto without us knowing. Investing in crypto is for everyone and it is up to that person to decide whether to keep investing in crypto or invest in something else.