Dogecoin creator "sees an epic crash in cryptocurrencies". https://www.nytimes.com/2017/09/15/business/cryptocurrency-bubble-doge.html?mcubz=1
Another fantastic article with predictions by people that think their opinions matter but with no substance whatsoever to back up their claims. Apparently the founder of the dumbest cryptocurrency project to date is now a futurist and an expert all things cryptocurrency-related. Unfortunately, there's no repercussions when these idiots get it wrong otherwise they might think twice. Given they use their position and apparent expertise to influence opinion, you should be able to sue them for damages when they get it wrong.
I just love to use the same dumb arguments against cultists... ...a millionaire. So far for BTC the best argument is PRICE, so using the same logic this guy must be an expert genius because he created a shitcoin and became a millionaire during the process. Did I get the logic right? There is simply no reason why we couldn't or shouldn't switch to Doge from BTC, making the "only my crypto is good and yours is shit" argument very weak...
I gathered from the article the ship sailed w/o him. Basically he didn't hold to dogecoins and didn't get in on those profits. In other words, guy comes across salty as fuk. That's not to say this shitpile couldn't catch on fire any minute.
I still haven't seen any substance regarding the value of bitcoin from you... The only thing remotely connecting to this subject was you saying it's a good store of value since it keeps fluctuating/appreciating, which is still an unsubstantiated opinion! for the value of bitcoin from you... So I guess you fall within this same category you just pointed out
Reposted below from another thread: -------------------------------------------------------------------------- Well that just the problem “you having no time to see Andreas's videos”. If you are in a quest to find the real fundamentals and derived value of something so disruptive as bitcoin you have to invest a lot of time to study the implications of a completely new asset. I myself spent more than 3-months studying this thing in 2013, and indeed I saw literally each Andreas Antonopoulos video over the last 4 years. https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ This all was necessary to gain a 50x profit on a substantial 2013-investment. What I learned was how useful this bitcoin could be for billions of people around the world in many, many ways. I understood the equation “usefulness + rarity = Value” (as Water is very useful, but only valuable in the Sahara). Andreas will show you many usefulness cases. I also understood the power of “Metcalfe’s Law”, as well as the “first mover advantage network effects” (which is why Bitcoin feels no competition of the 1000 other alts). I’m very confident that we are still in the early stages, as mass adoption is very far still (we only have about 20 million users currently). Exact valuating bitcoin is quite impossible, just because it has so many different use-cases of which many aren’t implemented yet (just like the Internet in 1995, when we didn’t have Google, Amazon or Facebook yet). It’s also not possible because this new asset isn’t categorizable as “Currency” or “Commodity” or “Cash generating Asset”. It’s not “or” it’s all 3 in one new Thing. Maybe you have time to see this 15-minute video: how to value bitcoin. I can agree with this guy for 75%. He is wrong to dismiss bitcoin as a “Cash generating Asset”, just because in this category fall companies like Visa and WesterUnion(we have those companies in bitcoin as well). And what to think about the exchanges like Coinbase? Coinbase will get a multi billion IPO on the Nasdaq in the future and become the Google of the “Internet of money”. He is also wrong to dismiss bitcoin as a “Commodity”, just because bitcoin’s Blockchain is actually the most secure unforgeable Ledger in the world (more secure than any paper/database Ledger and more secure than any other Blockchain). The raw material of this commodity is a Ledger-row in which you can register anything. There are already countries experimenting in Land registrations in this Ledger. As I wrote: there is no way to value this thing, as it is something new we haven’t seen before. And how would you have valued Facebook in 2002 when it was just starting, far before it’s IPO? We can only see bitcoin’s use-cases growing rapidly (FinTech is booming) and transaction-volumes following exponential curves (like Metcalfe’s Law predicts). It’s up to you to imagine where it’s value will be in 2020. I have mine.