Was Buffett Right About BTC or Will it Bounce Back?
Is it just me or have people started back-peddling on Bitcoin and crypto assets in general?
Just a few weeks ago AMTV's host Christopher Greene was promoting his BTC Academy. His most recent video was promoting Gold and Silver (See his YouTube page).
I can remember many of the radio pundits touting BTC could zoom through the roof to 40K before year's end. And, most recently, not a peep.
It seems the financial experts who were starting to maybe give crypto a look, have reverted to saying it is a pump and dump, unregulated scam.
Of course, I thought about the many cryptocons who made off like bandits; and, those who didn't take wise advice and fell prey to them and the games they admitted they were 'playing'.
And, I thought about Warren Buffett saying he wouldn't touch the unregulated crypto with ten-foot pole. And, I'm reminded that recently he's taken an interest in Apple, a PROVEN asset. I suppose that's partially a key to successful investing; even if it means buying in a little higher than the rest.
All said, I am still trading for BTC. I've never spent the crypto earned, and remain on my initial stance: I would never put out-of-pocket money into any asset, as long as it lacks regulation.
One last thought: Who can really trust someone who wants to remain ANON? There's an awful lot of that going around, all yielding inflated air.
Best regards.
Peace.
I one for happy they left. I been saying from the start of that major pump it wasn't sustainable. Too much money went to altcoins. Everyone was so happy that they made more with altcoin and they thought they could live without bitcoin. However Bitcoin is needed-if bitcoin dies every altcoin dies. When bitcoin was still building it wasn't ready for this mass wave. Many Altcoins took advantage and called death to BTC. Only when can Bitcoin be truly ready for the world when it can scale. Other think altcoins can rule but that not true.
To fair you shall see anyone saying they should not go all in. Gold and other assets are important. Bitcoin is to revolutionize money and that dream is not there yet. BTC in many unstable countries are better than Gold. Gold can be stolen easily but BTC as long as you just have the Private key no force in the world can take it. If they torture you for it-give a fake one and take that last laugh bc they didn't get your money...
That the point of Bitcoin-you don't need to trust him. You the only one you should trust. At this point SN is dead. All contact is gone and the left is private keys but even that is unsure bc only few are known. At max, SN leaving is what making BTC stronger. How can you call decentralized with a leader? There a reason why upgrading BTC is messy.
Buy Gold,Buy Stocks,Buy Bitcoin-they are better than Fiat which loses value every day.
Is it just me or have people started back-peddling on Bitcoin and crypto assets in general?
Definitely in the mainstream, but you really have to sort the noise from the real nuggets. Twitter is a really good source for information if you follow the fund managers of major investors.
It seems the financial experts who were starting to maybe give crypto a look, have reverted to saying it is a pump and dump, unregulated scam.
This is an indicator for some that its a good time to get ready to buy.
Of course, I thought about the many cryptocons who made off like bandits; and, those who didn't take wise advice and fell prey to them and the games they admitted they were 'playing'.
This will pan out to be the majority of crypto, especially the "regulated" brands as they don't actually bring anything needed to the table.
Re: A desperate cry for help
One last thought: Who can really trust someone who wants to remain ANON?
Never Trust -> Always Validate. The technology can be trusted when the developers are anon because private parties cannot coerce them & government cannot put them in jail. There are no needed credentials -> good crypto is merit based only.
I enjoyed your post and I understand where you're coming from I hope this will help restore your faith in Bitcoin ( =
Great reply! I assure you, I remain optimistic about BTC. In my year with crypto, thanks to STEEEMIT providing a few coins for me to invest, I have learned a lot which will be beneficial for future investing.
You're the second person in the comments to remind me of this. I have to say this is true in all things life. Gullibility is a curse.
Many thanks, and btw, here's a welcome to Steemit tip!
Best regards.
Peace.
Hi @rogue-aesthetics! You have received 0.1 SBD tip from @spiritualmatters!
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