Re: Is Bitcoin a scam: The long debated argument discussion by Bloomberg - Quicktake
I watched the video, and I have to admit that it's literally 5 minutes of wasted time, because you won't see anything in it that you haven't already seen at least a hundred times. The biggest skeptics are Bill Gates and Jamie Dimon, a few shots from various stock exchanges and the construction of a mining farm in the Arctic Circle, noting that of course Bitcoin consumes energy like the whole of Argentina.
Yes Bitcoin is an SCAM for all those who are convinced of it, and all who try to convince them otherwise are just wasting precious time to convince them. The media certainly expected the price to plummet again, as was the case in early 2018 - but we must understand that the average journalist who writes about cryptocurrencies knows much less than the average user of this forum.
I have an idea for all these so-called journalists - how about they start constructing some new conspiracy theories, say one that would rely on Bitcoin being the cause of COVID-19, of course for the reason that it would weaken the US dollar and cause the BTC pump
Yes Bitcoin is an SCAM for all those who are convinced of it, and all who try to convince them otherwise are just wasting precious time to convince them. The media certainly expected the price to plummet again, as was the case in early 2018 - but we must understand that the average journalist who writes about cryptocurrencies knows much less than the average user of this forum.
I have an idea for all these so-called journalists - how about they start constructing some new conspiracy theories, say one that would rely on Bitcoin being the cause of COVID-19, of course for the reason that it would weaken the US dollar and cause the BTC pump
The biggest skeptics are the banks because they see bitcoin as an adversary to their own current fiat financial system.
Yet big banking corporations are looking towards diversifying their own assets into bitcoin namely J.P Morgan and Goldman sachs
https://www.cnbc.com/2021/02/12/bitcoin-banks-closer-accepting-cryptocurrency-asset-class.html
Even heard a while ago a germany bank has started accepting bitcoin deposits and I think there is one in sweden or somewhere else in europe who has recently started taking in bitcoin as if it were their own local currency.
So how can they say with a straight face that bitcoin is a scam if their counterparts are already accepting it.
Quite outlandish statement from the ones who produced this video while it is a known globally accepted currency already.
I think it is more likely that the bigger skeptics are the entrenched governmental so-called elites. They know that bitcoin will undermine their ability to skim a percentage every year off of everyone's fiat, seemingly below the radar. So I think the banks are one level removed from the true people who are afraid. People are catching on that governments are not there for their benefit. The governments are there to benefit the people who are running them so they can control everyone else. They do it by trying to divide people by immutable, irrelevant characteristics such as skin color so that people don't notice the evil that the so-called elite is foisting upon them.