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Learning & News => News related to Crypto => Topic started by: sirty143 on August 11, 2024, 06:54:06 AM

Title: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: sirty143 on August 11, 2024, 06:54:06 AM
Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'

A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues... See more for yourself here (https://news.bitcoin.com/cornell-professor-warns-of-growing-crypto-risks-amid-misleading-promises-and-hype/).

Your opinion is greatly appreciated.



Title: Re: Robert Kiyosaki Declares Market Crash Has Arrived — 'Losses Are Substantial'
Post by: Baofeng on August 11, 2024, 08:52:57 AM
The professor is not wrong at all, however, we all heard this arguments already. And so far despite the negative connotation and whatever authorities like SEC has given us the warnings, people are still flocking in the market.

And with that and in the last 10 years or so, despite the negativity that comes with crypto investment, I don't think that it's going to slow down in the next decade and on the contrary, we might hit numbers in terms of crypto investors. We could also say that despite the red flags from this so called professor and experts on finance and economics, crypto will move forward and no one can stop it.
Title: Re: Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises
Post by: Faisal2202 on August 12, 2024, 08:34:40 AM
Dear sirty143 the title of this thread is the same as one of your last posts and the title also don't match with the news title you have shared. The title of this news should be:
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype

Speaking of what Cornell professor said about the fake promises and plans that politicians are making and the implementation of decentralization is a threat to traditional and overall finance I agree with that. Market is growing and people are taking words of political supporters for granted and later they won't be fulfilling these and it will become an issue.
Title: Re: Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises
Post by: hugeblack on August 12, 2024, 10:01:57 AM

And with that and in the last 10 years or so, despite the negativity that comes with crypto investment, I don't think that it's going to slow down in the next decade and on the contrary, we might hit numbers in terms of crypto investors. We could also say that despite the red flags from this so called professor and experts on finance and economics, crypto will move forward and no one can stop it.

I will quote the professor but I think it is nonsense.
Quote
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said.
Academics have not changed their view of Bitcoin and believe that it is bad because it does not follow the rules of success according to their perceptions.

Dear sirty143 the title of this thread is the same as one of your last posts and the title also don't match with the news title you have shared. The title of this news should be:
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
sirty143 is a bot, I don't know who can access the account, If it happens again, there is definitely a problem with the code.
Title: Re: Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises
Post by: Baofeng on August 13, 2024, 12:51:01 PM

And with that and in the last 10 years or so, despite the negativity that comes with crypto investment, I don't think that it's going to slow down in the next decade and on the contrary, we might hit numbers in terms of crypto investors. We could also say that despite the red flags from this so called professor and experts on finance and economics, crypto will move forward and no one can stop it.

I will quote the professor but I think it is nonsense.
Quote
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said.
Academics have not changed their view of Bitcoin and believe that it is bad because it does not follow the rules of success according to their perceptions.

Dear sirty143 the title of this thread is the same as one of your last posts and the title also don't match with the news title you have shared. The title of this news should be:
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
sirty143 is a bot, I don't know who can access the account, If it happens again, there is definitely a problem with the code.

Yes, that's what I'm trying to say, despite what they claim, it is still contradictory to those who have been in Bitcoin or crypto in general. And so the best thing for this academe is just for once why not try and see it for themselves.

Maybe they don't want to because they have closed their doors already. But for us crypto enthusiast, we will not believed what they say, despite their credentials. There are even who won Nobel Price to go against Bitcoin, but it doesn't mean he is right.
Title: Re: Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises
Post by: hugeblack on August 13, 2024, 01:06:20 PM

Maybe they don't want to because they have closed their doors already. But for us crypto enthusiast, we will not believed what they say, despite their credentials. There are even who won Nobel Price to go against Bitcoin, but it doesn't mean he is right.
Their definition of a bubble and high-risk investment and all the risks associated with it apply to Bitcoin, so you find them considering Bitcoin a bubble or a fraudulent investment, but what happens is that it is a new technology that needs different standards than traditional standards, as traditional standards do not work with it.