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What Goldman Is Telling Big Money Clients About Bitcoin

bloomberg.com

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Re: What Goldman Is Telling Big Money Clients About Bitcoin

#7
Unfortunately, this is a pretty standard fluff piece with not much information. Would love to know what Goldman actually thinks about the prospects of cryptocurrency and distributed ledgers, but"real dollars are at work here and warrant watching" is the only shred of information this article give.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#8
As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars worth of Bitcoin from users.

There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Be wary of the 4chan crowd who seem to be everywhere hyping obscure currencies to get rich off of pump-and-dump schemes.

If you're going to invest in a cryptocurrency, thoroughly research it before buying. Trust nothing on an official website or forum. Verify everything you read on public forums.

And never leave your money at exchanges. The #1 rule of cryptocurrency is this: Coins are not in your possession until you are the only one with the private keys.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#9
post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

> As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars worth of Bitcoin from users.

I don't agree with this. It may be a bad time to start investing, due to the price, but Bitcoin Cash is the corrupted currency in my opinion. Roger and his cronies were spamming the network for months, trying to create demand and when he finally got his big block coin, he wouldn't sell more than a few BTC for it. He's all about the money, along with Bitmain. I concede some core developers (like Luke-jr) are not the greatest, but they've been in control since day one.

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