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Old 10-23-2017, 06:31 PM   #1
mce
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Is Bitcoin another Enron in the making?

Alwaleed is one of the world's most successful investors. He knows his stuff.... Does he know ENOUGH about BITCOIN?

Bitcoin is ?just going to implode one day?: Saudi Prince Alwaleed - MarketWatch
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Old 10-23-2017, 06:34 PM   #2
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No it's genius, you see the money will come out of thin air for ever and if you say something against their magic beans you will hear autistic screeching LOL
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Old 10-23-2017, 08:01 PM   #3
Brad Mitchell
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it can't be Enron. Eventually it will be mostly crooks who lose money, not Main Street.

Brad
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Old 10-23-2017, 08:33 PM   #4
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He is not a progressive
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Old 10-23-2017, 08:40 PM   #5
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I'll be patting myself on the back the day it crashes, because I regularly cash out to fiat, realised profit.

...until then, I'll be kicking myself for not holding longer...
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Old 10-23-2017, 08:47 PM   #6
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I'll be patting myself on the back the day it crashes, because I regularly cash out to fiat, realised profit.
.
I thought btc is superior to fiat. Or aren't you one of those cult members?
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Old 10-23-2017, 10:40 PM   #7
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i am just waiting for the day, when the bubble burst.
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Old 10-24-2017, 02:02 AM   #8
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He is one of the mist successful investors in traditional industries. he know nothing about crypto.
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Old 10-24-2017, 02:09 AM   #9
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it can't be Enron. Eventually it will be mostly crooks who lose money, not Main Street.

Brad
I beg to differ - the more cash flows into the bubble the bigger the consequences for the economy as a whole.

Paper wealth also creates artificial consumer confidence, it is only real if you cash out.
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Old 10-24-2017, 04:47 AM   #10
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rowan -- there is no such thing as a bad profit.
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Old 10-24-2017, 06:57 AM   #11
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Bitcoin is only worth what people think it's worth. It has nothing backing it.

Remember the 2008 Banking Crisis? People were selling crap for what others thought it was worth.
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Old 10-24-2017, 09:40 AM   #12
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Bitcoin is only worth what people think it's worth. It has nothing backing it.
You will get the response that fiat currencies are the same (not backed by gold anymore etc)
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Old 10-24-2017, 12:47 PM   #13
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You will get the response that fiat currencies are the same (not backed by gold anymore etc)
yup, that gold is long gone
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Old 10-24-2017, 12:58 PM   #14
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You will get the response that fiat currencies are the same (not backed by gold anymore etc)
Yes but fiat is backed by governments and armies who have a very very vested interest in keeping it stable...oh and 99% of the population finds it extremely important...

Can't say the same about hyipcoin...
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Old 10-24-2017, 01:24 PM   #15
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rowan -- there is no such thing as a bad profit.
exactly ...
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Old 10-24-2017, 02:21 PM   #16
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No it's genius, you see the money will come out of thin air for ever and if you say something against their magic beans you will hear autistic screeching LOL
Anyone want to buy tulips? They'll continue to go up in value.

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Old 10-24-2017, 02:43 PM   #17
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Enron is a ponzi scheme bitcoin is not a ponzi scheme
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