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RE: Why I'm 100% out of Bitcoin for now and into Ethereum

in #bitcoin6 years ago

I would not overinterprate the Gates´s and Buffet´s statements at all, quite in contrary. For me this is delicate psychology to drag down the price. They know that their statements could influence the price, and since they are obviously underinvested, they have no interest in regaining the 10K level again soon, which would be very bullish. So they took the right moment to give the BTC price a nice push down - it had not too much effect by the way.
Moreover, Gates is not that stupid that he doesn´t know how to short BTC.
BTC will for quite some time be the no.1 cryptocurrency.

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True. Also ... I'm sure Buffet does not understand BTC. Never had read the few pager of Satoshi. Totally misses the concept out. He's praised as super-investment genius but how many are like him? to maintain for decades XIXth century style uncle Scrooge 'strategy'. Also Gates -- okay, he's excellent for some next POTUS , but ... what are his breakthrough's in the last 30 years? Why an anonymous guy with 'capital' of few hundred dollars creates BTC but super-giant corporations which spend so much on IP landgrab, on R&D failed to bring breakthroughs? Based on that I simply disregard the opinion of people who ... totally missed it.

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