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

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

it can't be Enron. Eventually it will be mostly crooks who lose money, not Main Street.

Brad

He is not a progressive :(

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...

I thought btc is superior to fiat. Or aren't you one of those cult members? :winkwink:

i am just waiting for the day, when the bubble burst.

He is one of the mist successful investors in traditional industries. he know nothing about crypto.

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.

rowan -- there is no such thing as a bad profit.

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.

You will get the response that fiat currencies are the same (not backed by gold anymore etc)

yup, that gold is long gone :2 cents:

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...

exactly ...

Anyone want to buy tulips? They'll continue to go up in value. :winkwink:

https://i.imgur.com/MUWYa95.jpg

Enron is a ponzi scheme bitcoin is not a ponzi scheme