Some of the biggest fail predictions on history
Here's
Hi steemiams!
A few days ago we all heard this sentence from Mr. Warren Buffet:
"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending"
Here's the video of that moment.
In my opinion, he's wrong, although of course, some cryptos may come to a bad ending, the technology behind will change and shape the world as the radio, tv or internet did in the past.
That statement from Mr. Buffet made me think of other big sentences said in the past by some people which proved to be wrong over the time, so I decided to do some research on those prediction fails.
Here you have some!
1859. Associates of Mr Edwin L. Drake
Drill for oil? You mean drill into the ground and try to fin oil? You are crazy.
1873. Sir Joh Ericksen, appointed surgeon of Queen Victoria
No surgeon will ever operate on the heart or brain.
1878. Erasmus Wilson, Oxfor University professor
When the Paris exhibition closes, electric light will close with it and no more will be hear of it.
1883. Lord Kelvin
X-Rays will prove to be a hoax
1895. Lord Kelvin (again!)
Heavier than air flying machines are simply impossible.
1903. Pesident of the Michigan Savings Bank
The horse is here to stay but the automobile is only a novelty – a fad.
1912. Guglielmo Marconi
The coming of the wireless era will make war impossible, because it will make war ridiculous.
1912. Philip Franklin.Vice president of the White Star Line
There is no danger that Titanic will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers
1920. The New York Times
A rocket will never be able to leave the Earth’s atmosphere.
1948. Mary Somerville. Pioneer of Radio Educational broadcasts
Television won't last. It's just a flash in the pan.
1966. Time Magazine
Remote shopping, while entirely feasible, will flop—because women like to get out of the house, like to handle merchandise, like to be able to change their minds
1977. Ken Olsen, founder of Digital Equipment Corporation
There is no reason anyone would want a computer in their home
1995. Robert Metcalfe, inventor of the Ethernet cable
I predict the internet will go spectacularly supernova and in 1996, catastrophically collapse
1997. Nathan Myhrvold. Microsoft CTO
Apple is already dead.
2004. Bill Gates
Spam will be dead in the next 24 months.
2007. Steve Ballmer, Microsoft CEO
There’s no chance that the iPhone is going to get any significant market share
and maybe soon in the list...
2017. Warren Buffet. Investor
In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending
What are your thoughts on this? Will mr Buffet be right or wrong?
Extra! Check some of my previous posts with juicy information:
Cryptocurrencies VS Social Media influence VS Price
Bitcoin price prediction 2018-2019-2020 vs Marketcap
What will happen if you invest 10$ on each coin of the Top100 coins @ 1st January 2018?
What would have happened if you invested 10$ on each coin of the Top100 coins @ 1st January 2017?
Steem is the proof that they won't. Already thousands of people are benefiting, with thousands more every month. Many will die, some will be unimaginably big.
I absolutely agree with you :) There's still a lot of room for Steem to improve and many competitors will come in the next months and years. Crypto is here to stay, as per my point of view, let's see if Mr Buffet joins the list hehe