If you are an idiot running a $100 billion fund, you are still an IDIOT !
We called the top in this piece of junk a long time ago back in December when it was trading above $16,000 !
"Neither does bitcoin have any intrinsic value because it does not have a claim to the assets of a government or company and does not generate any income"
Read this Article For more Detail : :
https://www.cnbc.com/2018/03/14/bitcoin-bubble-just-about-to-burst-major-money-manager-says.html
Will have to see whether it goes down to the last $6k mark or it will stay up.
I was waiting bitcoin to go up again like $15k and then I will sell some to buy something but now I think I will probably have to wait for like more 2-3 months.
Good @suf1an. That's a strategy I can easily relate with.
@askquestion I guess the man that said those words isn't a money manager by the way. In fact he should resign from his job or fired by his employers if they have some measure of sense.
I challenge him to read Books like "The Future of Money" and "Currency Wars" and he will see that Fiat currency, which he has so much faith in has no real value except the one we ascribed to it.
Every currency starts the same way.
Love how he claims bitcoin has no intrinsic value... neither does fiat currency you bloody idiot!
Love how he claims bitcoin has no intrinsic value... neither does fiat currency you bloody idiot!
Nice ！@askquestion
Is this the bottom or just the beginning?
Google can ban all cryptocurrency-related advertising of every type in June 2018, in step with a recent update to their money Services policy.The news of a crypto ad ban comes simply days when crypto advertisers victimization Google Adwords noticed a forceful come by the amount of views of their advertisements, in step with posts on the Adwords support pages. However, Google Adwords had at that point denied any amendment in their money Services rules that may block cryptocurrency or Initial Coin providing (ICO) connected advertisements.Under Google’s fresh updated money product policy, no advertisements for “cryptocurrencies and connected content (including however not restricted to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency commercialism advice),” are accepted.
The move affects all of Google's ad product, which means firms won't be ready to serve crypto-related ads on the computer programme giant’s own sites, likewise as third-party sites in its network.
The reason it's falling in not a bubble burst agreed!
It's because of sell off confiscated btc due to fraudulent bastards! BTC cannot be stopped. If they knew who created it he would have been in jail & if BTC had an office it would have been closed down a long time ago.
Some of the best crypto info out there can be found by following the links in this post - https://steemit.com/cryptocurrency/@dpl/bitcoin-manipulation-it-is-not-a-secret-anymore
Thanks for your firm stance @askquestion
We might witness a $5-6k mark very soon, but that doesn't mean that the price woll remain stagnant,rather it will be the best point to invest in bitcoin as we wait for it's explosion very soon.
Does it have to be bitcoin, is bitcoin the one and only coin?!
I'm pretty unsure if bitcoin will surpass a certain lifespan, if it can be upgraded often enough to compete with other cryptos. Yes, Bitcoin is the most known name in the game, but most people still think it is a real coin; round and golden with an b stamped on it. At the end, the availability, usage and convenience will decide how high bitcoin can come.
Just my 2 thoughts about the current rise and fall of bitcoin, btw. technical analyses works great on it
Hey fund manager, it won't go to zero as some holders of bitcoin view it as a vote against the establishment, thus there is always someone willing to buy and someone willing to hold = price action.
Why does art have any value? Put that in your intrinsic pipe and smoke it.