Bill Gates says crypto and NFTs are '100% based on greater fool theory' - GoFuckYourself.com

Sednub997 · 06-16-2022, 11:55 AM

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!?!

todservices · 06-16-2022, 12:24 PM

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

andy erotic · 06-16-2022, 12:44 PM

this is probably to help drive the price low for larger purchases.

pornmasta · 06-16-2022, 01:15 PM

now they say that ?

romeo22 · 06-16-2022, 02:55 PM

Seems most of the ppl are in panic so that the reason why it goes down all the time

plsureking · 06-16-2022, 05:49 PM

Quote:

Originally Posted by todservices

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

#

rocky1234 · 06-16-2022, 06:03 PM

Quote:

Originally Posted by todservices

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.

wankawonk · 06-16-2022, 06:37 PM

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.

todservices · 06-16-2022, 11:47 PM

Quote:

Originally Posted by plsureking

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

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

Sednub997 · 06-18-2022, 04:24 AM

Its still going down probably his statement was on of the reason for this drop down

SekobA · 06-18-2022, 03:28 PM

Yes they make huge money just for giving bust to the information that will benefit them

SAMANTAmax · 06-20-2022, 07:32 AM

Disinformation can damage the market

06-16-2022, 11:55 AM	#1
Sednub997 Naked in my bathroom Industry Role: Join Date: Dec 2008 Location: Europe Posts: 6,162	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!?! __________________ X10 FANS PLAFORM - 3 IN 1 LIVE CAMS/FANS/MEMBERSHIP CMS CONTENT MANAGEMENT, MONETIZATION AND PUBLISHING PLATFORM 17 YEARS WITH 1000'S OF CLIENTS SCALABLE - ENTERPRISE-READY - MULTI-LANG

06-18-2022, 04:24 AM	#10
Sednub997 Naked in my bathroom Industry Role: Join Date: Dec 2008 Location: Europe Posts: 6,162	Its still going down probably his statement was on of the reason for this drop down __________________ X10 FANS PLAFORM - 3 IN 1 LIVE CAMS/FANS/MEMBERSHIP CMS CONTENT MANAGEMENT, MONETIZATION AND PUBLISHING PLATFORM 17 YEARS WITH 1000'S OF CLIENTS SCALABLE - ENTERPRISE-READY - MULTI-LANG

06-18-2022, 03:28 PM	#11
SekobA Too lazy to set a custom title Industry Role: Join Date: Oct 2008 Location: 567721649 Posts: 12,167	Yes they make huge money just for giving bust to the information that will benefit them __________________ Best Affiliate Program Available Start Promoting 25% REV-SHARE

06-20-2022, 07:32 AM	#12
SAMANTAmax TieMeUp Industry Role: Join Date: Jul 2008 Location: Home Posts: 7,047	Disinformation can damage the market __________________ 1million $ in a Month

06-16-2022, 12:24 PM	#2
todservices Confirmed User Industry Role: Join Date: Mar 2014 Posts: 436	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

06-16-2022, 12:44 PM	#3
andy erotic Registered User Industry Role: Join Date: Jun 2022 Posts: 37	this is probably to help drive the price low for larger purchases.

06-16-2022, 01:15 PM	#4
pornmasta Too lazy to set a custom title Join Date: Jun 2006 Posts: 19,282	now they say that ?

06-16-2022, 02:55 PM	#5
romeo22 你自己去他媽的 Industry Role: Join Date: Mar 2008 Posts: 23,347	Seems most of the ppl are in panic so that the reason why it goes down all the time

06-16-2022, 06:37 PM	#8
wankawonk Confirmed User Industry Role: Join Date: Aug 2015 Posts: 1,018	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.