We often hear about Bitcoin being a bubble that’s about to burst. As it reached its highest value of over $18,000 just this month, a lot of issues have been popping up on the Internet, claiming the coin will once again crash, and it seems like it’s a real deal this time. In fact, a Bitcoin expert has already spoken, warning people to keep investing but not on the said cryptocurrency.
There are numerous cryptocurrencies coming out these days. This proves that more and more people are discovering the benefits of using digital money that work on codes. Bitcoin, which is the leading cryptocurrency, though, is expected to already reach its limit and experts who invested on the coin say it’s not a good idea to keep buying coins or start putting money on it.
A bitcoin expert has already spoken, giving a warning about the dreadful future of the cryptocurrency.
The anonymous expert who already made a fortune on Bitcoin posts a warning against making Bitcoin a long-term investment. The expert said:
“I can’t directly answer [which coin to invest in], but I want to caution against investing without understanding the risks. Bitcoin has crashed by almost 90% before, and it is bound to crash again.
Cryptocurrency is not a piñata of free growth. I believe we are in a bubble, and many people who have invested recently (or invest from now on, at these prices) will be facing substantial losses.”
The anonymous expert foresees another crash on Bitcoin which is going to happen soon.
The expert who has donated a huge chunk of his wealth to charities and set up the Pineapple Fund with his Bitcoin-acquired fortune believes anyone who plans to invest on the said currency might lose a lot of money soon. He continued to explain:
“Every single time we’ve seen a meteoric rise in the valuation of cryptocurrency, there has been a corresponding bloodshed.
This time may be different, or it may not be.”
Bitcoin currently sits on top of other cryptocurrencies.
The anonymous Bitcoin expert has already donated millions of cash to various causes, which includes The Water Project, internet privacy activists and some technological charities that focus on universal healthcare. The expert is now getting suggestions from other organization worthy of a donation.
The investor reportedly wishes to remain unnamed since even their family and friends do not know of their Bitcoin wealth. The expert is however proud of Bitcoin’s growth and progress saying:
“I discovered bitcoin among the early years, back when the community was a group of like minded people wanting to build the first decentralized currency, powered by code and not human trust.
I undertook a variety of activities, from mining, trading, and even worked for bitcoins. I’m proud of how much bitcoin has came from its humble origins of a whitepaper and a SourceForge repository.”
It recently hit a record high and is now the most expensive digital coin.
“The Pineapple Fund (5,057 BTC) is a majority of my cryptocurrency holdings, but I still have a substantial portion that I am keeping.
I am donating this much because I have enough already; my quality of life will not be impacted in the slightest. Maybe it’ll also buy me karma.”
10 Terrifying Facts About Artificial Intelligence
AI could be a lot smarter than humans one day.
If there’s one thing we can learn from the Terminator franchise, it’s that too much technological advancement is not something we should be a hundred percent on board with. What’s worse is that with the advancement we’re getting with the AI technology, the creation of Skynet can actually be not that far ahead into the future.
We’re slowly getting there, and that should terrify you. Not sold on the idea yet? In order to start the ball rolling, here are some terrifying facts about Artificial Intelligence right now.
1. Self-Driving Cars Dilemma
Learn How to Light Up the Apple Logo on Your iPhone
If you want the Apple logo to light up on your iPhone 6 or iPhone 6 Plus, then this DIY guide is for you.
Techies have always praised Apple for its product designs. Among the bestselling products of the globally-recognized tech company is the MacBook. The MacBook isn't just praised for its killer specs. It also gets great reviews for its appearance. Simply put, it looks cool — especially with the Apple logo lighting up when the MacBook is on.
Another one of Apple's much-praised creations is the iPhone. However, despite all its great features, the iPhone's Apple logo does not light up. Now, for the most part, this really shouldn't matter, right? After all, you don't buy an iPhone just to see the logo light up.
The lit up Apple logo is not a standard iPhone feature.
“You Don’t Realize It, But You Are Being Programmed”, Says Former Facebook Executive
A former Facebook executive says Facebook is manipulating its users.
Facebook remains to be the most used social media site today. People from all walks of life, from all ages and from different parts of the world use the platform to stay updated with the latest from the world and to grow networks. However, a former executive of the largest social networking site swayed away from their employer to say Facebook is actually ripping society apart.
Chamath Palihapitiya made such claims also saying Facebook is manipulating its users. He joined Facebook in 2007 and was later inaugurated as its vice president for user growth. However, after leaving Facebook in 2011, he banned himself, as well as his children, from using the app.
Palihapitiya expressed regret for his part in building tools that destroy “the social fabric of how society works” and warned his audience: “If you feed the beast, that beast will destroy you. It’s time to take a hard break from some of these tools.”
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