Bill Gates Bearish On Bitcoin And Cryptocurrency Investments

[Kargai]

His best friend Warren Buffet don't like cryptos (mostly because he admitted he don't understand it) and that's the same opinion for Bill Gates.

In his case he don't like it because there is no intrensic value in the asset. It's only speculation for him.

“Bitcoin and ICOs, I believe completely [they’re some] of the crazier, speculative things.”

Saying that he's not thinking the same about the technology behinf cryptos, the blockchain, who can bring great value for him.

Source : https://ethereumworldnews.com/bill-gates-bearish-on-bitcoin-and-cryptocurrency-investments/

So what do you think ? Are they just old enough to not grasp fully the possibilities of cryptos or is it us that are blinded by the envy to make some bucks and want to believe in those projects ?

[wilbur]

Lol i think they are just lazy enough not to want to dig more and study more about cryptocurrency. Or they dont have enough space in their mind ,so they dont really care,thinking more on things that they dont fully understand.

[CaptainLorca]

Bill Gates just speaks the truth. It’s a big speculation game, that’s why so many people are into trading like crazy.

[xtinepink]

it’s really complicated and if you don’t understand a broad of how technology works. It would be really difficult to understand. But some old peopleand young generations can see great potential for crypto. 

For me, the world of crypto is just starting, soon big companies will join too. 

[xtinepink]

it’s really complicated and if you don’t understand a broad of how technology works. It would be really difficult to understand. But some old peopleand young generations can see great potential for crypto. 

For me, the world of crypto is just starting, soon big companies will join too. 

[SuddenlyBroke]

8 hours ago, Kargai said:

In his case he don't like it because there is no intrensic value in the asset. It's only speculation for him.

I find this super ironic of him to say, because in any of the quadzillion new start businesses he's funded there is no intrinsic value short of the people behind the project and the plan, much like crypto!

[CaptainLorca]

2 hours ago, xtinepink said:

it’s really complicated and if you don’t understand a broad of how technology works. It would be really difficult to understand. But some old peopleand young generations can see great potential for crypto. 

For me, the world of crypto is just starting, soon big companies will join too. 

I don’t think that big companies will hop in so easy. For that is any crypto to much bouncing in its value.

if I was the CEO of Mercedes, I wouldn’t do that. I make enough money with selling cars the traditional way.

[blueprints]

I doubt anythings been speculated like bitcoin, it is crazy like he said

[CaptainLorca]

Just now, blueprints said:

I doubt anythings been speculated like bitcoin, it is crazy like he said

Market shares are treated this way. But it’s more regulated.

the value of cryptos is running on many factors, also is the selling and buying of cryptos at a mich higher pace than market shares. You could almost say „too unpredictable“.

[xtinepink]

1 hour ago, CaptainLorca said:

I don’t think that big companies will hop in so easy. For that is any crypto to much bouncing in its value.

if I was the CEO of Mercedes, I wouldn’t do that. I make enough money with selling cars the traditional way.

It really depends ofc. Not all companies but SOME companies ofc will do. We cannot really control the decision of others. That’s your point if you are the CEO. Mkayyyyyy?

[CaptainLorca]

17 minutes ago, xtinepink said:

It really depends ofc. Not all companies but SOME companies ofc will do. We cannot really control the decision of others. That’s your point if you are the CEO. Mkayyyyyy?

You need to understand that CEOs of big companies don‘t give a shit about someone who has no money. Money talks here. There are enough able to buy expensive stuff.

why should anyone risk to put money in something that could drop drastically over night? I have knowledge about economics and I tell you that. That’s also why I understand Gates at this point.

its basically just a too risky business since it’s not regulated like our regular money. You would never put your huge company into such a huge risk. If you would do that even your worth in market shares would drop into the basement. 

Smaller companies can do that. They‘re not depending so highly on a very complicated economic system.

[xtinepink]

35 minutes ago, CaptainLorca said:

You need to understand that CEOs of big companies don‘t give a shit about someone who has no money. Money talks here. There are enough able to buy expensive stuff.

why should anyone risk to put money in something that could drop drastically over night? I have knowledge about economics and I tell you that. That’s also why I understand Gates at this point.

its basically just a too risky business since it’s not regulated like our regular money. You would never put your huge company into such a huge risk. If you would do that even your worth in market shares would drop into the basement. 

Smaller companies can do that. They‘re not depending so highly on a very complicated economic system.

So how about banks who put risks on this? Do you even know that all investment are ofc risk. 

You cannot say that okay this is me who doesn’t give a bullshit about bitcoin or crypto, that doesn’t also mean that I will follow you. That’s the point also in every businesses. It’s their option. That is also why governments are entering this, it’s clear that they can see something about this. That’s why they wanted to regulate. 

I am not just talking about one big company here. They’re already big companies who entered crypto. That’s a fact. 

[CaptainLorca]

18 minutes ago, xtinepink said:

So how about banks who put risks on this? Do you even know that all investment are ofc risk. 

You cannot say that okay this is me who doesn’t give a bullshit about bitcoin or crypto, that doesn’t also mean that I will follow you. That’s the point also in every businesses. It’s their option. That is also why governments are entering this, it’s clear that they can see something about this. That’s why they wanted to regulate. 

I am not just talking about one big company here. They’re already big companies who entered crypto. That’s a fact. 

Yes. Didn't meant it exactly that way. But, for instance, bitcoins value is way too jumpy and unpredictable. Depening on so much more factors than actual money. 

Governments taking in, because they have to, but they wouldn'T necessarily start over with bitcoin. More likely creating an own crypto that is based on a real currency and highly regulated.

[celengeo]

The practice of traditional market figureheads taking stabs at Bitcoin is back. Statements given by Bill Gates and Warren Buffett over the past week have caused the cryptocurrency community to erupt in disbelief.