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Old 06-16-2022, 11:55 AM   #1
Sednub997
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Bill Gates says crypto and NFTs are '100% based on greater fool theory'

Hey,

I just saw this one on the net so I was wondering Is he telling the truth or this is another influencer that will make more Millions.

I do not know what to think anymore its still going down currently under $21k

What do you think!?!
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Old 06-16-2022, 12:24 PM   #2
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Of course, he is part of a system that is currently being replaced by cryptos
They want to keep their power by being the only ones to control money supply.

To be fair, about the greater fool theory, he was talking about NFT, not crypto
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Old 06-16-2022, 12:44 PM   #3
andy erotic
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this is probably to help drive the price low for larger purchases.
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Old 06-16-2022, 01:15 PM   #4
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now they say that ?
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Old 06-16-2022, 02:55 PM   #5
romeo22
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Seems most of the ppl are in panic so that the reason why it goes down all the time
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Old 06-16-2022, 05:49 PM   #6
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Quote:
Originally Posted by todservices View Post
Of course, he is part of a system that is currently being replaced by cryptos
They want to keep their power by being the only ones to control money supply.
a majority of the top bitcoin holders are corporate, finance, and banking, so this "decentralized" new money idea is no longer true. there's a reason bitcoin is dropping along with the stock markets and not going the opposite direction. if bitcoin was the "new currency", it would go higher when markets crashed. the same people are controlling (and speculating) the markets and the coins.

https://decrypt.co/47061/public-comp...oin-portfolios

your crypto dream is dead...

that being said, the only real money is in day trading

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Old 06-16-2022, 06:03 PM   #7
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Quote:
Originally Posted by todservices View Post
Of course, he is part of a system that is currently being replaced by cryptos
They want to keep their power by being the only ones to control money supply.

To be fair, about the greater fool theory, he was talking about NFT, not crypto
nah he was talking about crypto. he called the bored ape club monkeys though.

he does have a point though that crypto doesnt product anything it's just speculative and thats why he is old school nothing wrong with that.
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Old 06-16-2022, 06:37 PM   #8
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crypto's underlying value seems to be that its fun and full of memes.

which, who knows? maybe that's all the intrinsic value it needs.
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Old 06-16-2022, 11:47 PM   #9
todservices
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Quote:
Originally Posted by plsureking View Post
a majority of the top bitcoin holders are corporate, finance, and banking, so this "decentralized" new money idea is no longer true.
https://decrypt.co/47061/public-comp...oin-portfolios
lol have you read the article that YOU sent ?

All these bitcoin owners all have business models deeply involved with crypto :
- Coinbase lol
- Hut 8 Mining Corp : world's largest digital currency miners, specializing in Bitcoin and -Ethereum mining
- Marathon Digital Holdings, Inc. : a digital asset technology company, which engages in mining cryptocurrencies
- Voyager Digital : mobile crypto broker offering commission-free trading on more than 100 cryptocurrencies
- Galaxy Digital : investment company that seeks to institutionalize the digital asset and blockchain space
- Tesla : lol
- Riot Blockchain, Inc. : Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States.

They literally all are in the crypto space

Quote:
Originally Posted by plsureking View Post
your crypto dream is dead...
my crypto dream is alive and well, trust me, I never had and made so much money in my life than now
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Old 06-18-2022, 04:24 AM   #10
Sednub997
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Its still going down probably his statement was on of the reason for this drop down
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Old 06-18-2022, 03:28 PM   #11
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Yes they make huge money just for giving bust to the information that will benefit them
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Old 06-20-2022, 07:32 AM   #12
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Disinformation can damage the market
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