RE: The Wolf of Wall Street Rips into Bitcoin
I am ignorant when it comes to crypto, just looking into it when the bubble began a few months ago. As someone with little knowledge of crypto, but lots of experience with scams it was obvious to me that when Bitcoin rose like 400% so quickly it was being artificially driven there. I asked many people involved why it was worth so much more, and not one person had a cogent argument for it doing so, no matter how pro Bitcoin they were.
As one on the sidelines, I have watched the panic as the bubble burst, the major players who drove it up evidently cashing out is what it looked like. The rumors of regulations seeming to panic some, especially the talk when clarification on taxation in the U.S. came out and it was noted that Blockchain for Bitcoin is not as anonymous as many had assumed.
Another thing I have read is many coins are worthless, many using old ideas, smacking it onto a coin and calling it new. Because of this and so many other things like exchanges freezing peoples coins and not responding to help tickets, I do foresee a lot of negative press in the next year for certain. I will be curious to see how the market handles the many valid complaints/worries as the media (partners with the fiat manufacturers) stirs up the negative perception.
I believe in crypto from the little I know, this platform actually convincing me a week ago to become more than just someone who is studying it a little. I appreciate your acknowledgement of Belforts knowledge and not making it a hit piece on him despite your disagreement with his assessment. It gives you credibility for your future posts when I read them.