Duh! Do you realise something? There is a very easy way to short bitcoin for big money investors. That is why futures were introduced in the first place...
So what does this statement mean then. Do you really believe that Bill Gates is that uninformed or ignorant?
Of course not... He and his buddy Buffett are just on a mission to seed some FUD. Their recent comments show clearly a hidden agenda.
It means they are seeding FUD. "Don't buy Bitcoin, it is dangerous and immoral garbage only used by criminals"
It also means we are still in stage two.
Here are the 3 stages of new disruptive technologies again:
- Laugh at it (people using it are stupid)
- Fight it like it is the devil himself (governments and investment gurus issue warnings, controlled social media bans it)
- Accept it, because it can no longer be denied (mainstream adoption, government wants its share of the pie)
The same happened at the early stages of the internet (and related first mover companies) and the "wireless" related companies. There are probably a lot more examples for theese stages.
But it also means, that they are likely afraid. Very afraid, that some currency that they can't control is going to be more popular than their beloved "shitcoin" fiat Dollar.
They know that they can't stop it, so they just try to delay the success of cryptos for as long as possible...
Gates and Buffet should retire to some island and live out the rest of their lives in peace and contemplation. Why these rich bastards still so involved in the world affairs? Do they honestly believe they will live forever and steer the world to their liking?
The richer people get, the more delusional they seem to become.
Gates around 1995, also said no chance Internet would be a commercially viable in the next decade.
In fact, just like now Gates made one comment more stupid than the next about the Internet. here is doing it again.
I wonder just how smart Gates really is? he is billed as a genius!!! But, possible he and his company just a front for tech that was already developed by heavily backed and financed govt institutes such as Rand, Fairchild, etc etc. More Gates opens his mouth the more I think it is true that the tech was developed by the govt (military ) through its slew of research institutes and then Gates won the prize to front it as his own.
EW&P, thank you so much for all your charts. Amazing work and while I am still in the red from some of my early noob mistakes, thankfully thanks to guys like you sharing your work,I have managed to make some bucks with money that avoided getting frozen in crypto red storage, 😂 😂 😂
Yeah when I read this article this morning I laughed and said that it was bullshit too. First of all Bill was saying that Bitcoin is unstoppable just a couple of years ago and now he is trying to bet against it? He even said "Bitcoin is better than currency" in an interview.
The irony is that a lot of these billionaires say contradictory statements. Warren Buffett says to never invest in something you don't fully understand. Then he goes out in public and says he doesn't know much about cryptocurrencies, his company invested in crypto soon after, and now he is calling it rat poison squared :-D!
He is going senile, while Bill is probably trying to buy himself some more time to accumulate a position in blockchain tech.
Yep. That's my thoughts. They are probably trying to buy as much as they can as cheap as they can. These 2 guys in particular are crony capitalists that benefited from the corruption of the current system. Ethics? They have ZERO.
@ew-and-patterns I left you a text on Discord could you have a look at it and Reply?
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I was hoping to ask you if you removed me from your Steemvoter??
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Why Bro??
Did I do anything Wrong??
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Bro I did not do that. I like TA analysis and in that Post I meant to say that the Newbies are taking TA wrongly by thinking TA is absolute, whereas I feel TA gives a General Conception of the way the Market might go.
I said false Pretense for the Newbies who are looking at TA wrongly. Please read the Post Fully I meant no Disrespect.
I have bought several Cryptos based on some TA's and I know it's tough Work to Predict those Lines.
I even mentioned this at the Bottom so that no one thinks that I am disrespecting TA
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I am happy i have Steemit,i wish many people would check out your article. These two guys just want to invest in crypto after prices stumble! Its a tactic used by the big guys.
I agree. Corrupt crony capitalists.
They create the FUD and buy low, simple.
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All the best!
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Great contribution very interesting friend post greetings and success
Bill Gates and all these billionaires have been gesticulating around for months now, talking nonsense about cryptos like the old monkeys they are, like dying lions on the verge to get dethroned by younger, stronger contenders that have a real insight of the future. This is actually entertaining!
Thanks for the reading.
Me thinks them a we bit nervous as they begin to realize they will no longer be sought by Forbes for the cover shot.
No it will be no name pleabs like us that begin to experience the lifestyles and limelight they so desperately seek and need.
Besides windows and the rest suck... they are being replaced. Buffet that weenie has been pushed around forever as he sold his silver and now cowtows to those he serves... he be ancient history soon obsolete.
Again there are new names a coming (already here).