I came across some stuff about Cuban yesterday and felt compelled to share my thoughts.
I see through his BS and figured I should create this poll to counter his lies. It’ll pop up in Google and Bing searches.
I voted yes, he’s a disgraceful liar trying to undermine and attack BTC for his own selfish reasons.
I would agree with the shameful liar
But I doubt he can really get any benefit from his words.
Except he plans on shorting which I believe he knows is risky
But the market barely reacted to his words.
The funny thing was the dollar ironically grew stronger during the war as many already speculated their victory.
Gold has been performing lackluster ever since.
The use of Internet has given everyone the freedom of speech the deserve and this is why we cannot trust everyone with what they say, as a matter of fact, some utter their words just to gain public opinion or trigger for the market to react, there are diverse manipulations that we must not just give attention to, some adjust to gain public interest, so I will also in this situation support that he is a liar, so far so good, bitcoin has been a better alternative in market performance.
The world already know bitcoin is and also knows the value of Bitcoin. Mark Cuban is not telling us why he sold is bitcoin, but selling bitcoin is his business because to every seller their will always be a buyer. It is possible the reason why he sold his bitcoin was because Donald trump is in support of Bitcoin.
I had to copy this post from another thread that is discussing Mark Cuban.
I think he is a habitual liar who has consistently talked down on Bitcoin while still buying and holding the coin. From his past attacks on Bitcoin, I thought he would have sold all his Bitcoin a long time ago. But he periodically comes up with silly reasons to discredit Bitcoin. I am suggesting to him to sell off all his Bitcoin and avoid dealing with it in the future.
He is a lier and I'm most sure that Cuban wanted people to talk, and he is getting the talks and attention he desired from bitcoiner. I asked myself, what has his speech done to bitcoin? Absolutely nothing, it was not because of his speech that has stopped price from getting to $90k, it is the natural reaction of the market and so, I don't give a concern to what ever he is saying or what he thinks, if he is tired of holding bitcoin, let him sell all the ones he has and focus on something else. This things are just evidence that most people will still regret in future why they never bought bitcoin this time.
Mark Cuban's actions don't match his words. He has been known to be very inconsistent. Why should anyone take someone seriously when he openly criticizes Bitcoin and says all sorts of negative things about it, yet never takes any action to sell off all his bitcoins as he claims? That way, people can at least take him seriously.
Cuban is consciously trying to manipulate the market and cause FUD so weak hands can react, and the effect will be seen in Bitcoin's price movement. No one should take him seriously.
Mark Cuban is nothing but an attention seeker who speaks one thing and does the opposite. He knew that the fastest way to remain on the news is to talk shit about Bitcoin and that is exactly what he is doing. He has lied countless times and have learnt not to take anything he says seriously because I have seen him for who he is. The biggest losers will be those who will sell their Bitcoin because of what he says since he has not dumped his own holding.
Mark Cuban and all those investors talking to YouTube shorts to get the views, just want one thing. Attention. If Mark said "Bitcoin is cool, it's a hedge against inflation" which is said by another hundred people, he wouldn't get the same views as if he said "I no longer believe in Bitcoin". The former does not get any comments, while the latter will get plenty.
It's all a battle for attention. Most Internet accounts are liars that just want to get the views. Do not listen.
Yes, I agree with you. Mark Cuban lied! Whether he did it intentionally or by mistake, I don't know...🙋
Perhaps he's simply trying to manipulate the markets. As a media personality, all his statements carry a lot of weight with the general public. Meanwhile, it's entirely possible that he's actively buying Bitcoin right now and is preparing for another price surge.
On the other hand, it's entirely possible that he's genuinely mistaken. Perhaps he's simply confusing dates and events. After all, gold did rise in price faster than Bitcoin over a period of time. Or perhaps he sold Bitcoin at a low price, knowing deep down he was wrong, and is now trying to verbally justify his rash act...
Overall, in my opinion, Mark Cuban needs to understand that Bitcoin is a distinct class of financial assets. Bitcoin behaves differently than gold, stocks, real estate, commodities, and bonds. And that's where its enormous value lies! Bitcoin allows large investors to hedge their risks. That's why, in my opinion, every major player should have it in their investment portfolio.💁
To say the least, understanding that Bitcoin actually revolves about a cycle and this results in seasons where we can have a high price or a low/dipped price and refusing to put that into consideration for someone that is worth over $10 Billion is just crazy.
These are individuals that have being known to make good financial decisions to build their wealth and yet, they play ignorance to these minor facts about Bitcoin or its just a scheme to sway investors decisions.
Sometimes I still wonder why these guys are chasing views despite already having billions in wealth. Maybe they do not want views just for money, but for attention itself. They want people to keep talking about them. Anyway, that is exactly what the media is doing too because they love discussing such topics, while the reality is often very different. They would not even bother to post a simple timeline of price movements like Phil did.
Saying "by mistake" just to stay on the safe side in this case is completely wrong, brother. Because he did not said this all by mistake as far as I understand.
Mark Cuban definitely had his timeframe distorted when he said Bitcoin dropped in value while gold blew.
Even though gold peaked in the early months of this year, we see how Bitcoin absorbed capital and trended upwards in recent months.
Cuban may have simply used this lie to cover the main fact that he may have made a bad trade or is covering up for another trade and investment opportunity he is pursuing.
I don't think billionaire investors like to be wrong, so they can say whatever they want to protect their reputation as a good investor by spinning stories to their gain against actual data available on the ledger.
When those big names talk about something being in direct opposition to a traditional asset and a digital network when it is clearly the case, it is usually because of an agenda and not some lack of understanding. Great virtue of decentralized networks is that they render force of elite opinion powerless in my opinion. A billionaire may tell any story he chooses on television, but he can not create any objective facts that contradict the public ledger paleography from which movement of capital is Self Evident, Patriotic, and Easy to Understand. This is one market that rich persons have problem controlling or lobbying. As there is no definitive way apart from listening to raw data on-chain to filter out BS from the rest of the celebrity commentaries and save your portfolio.
Mark Cuban is like many celebrities who make a lot of lies for their benefits.
[Newbies] Bitcoin responses in wars, conflicts & Lessons learned.
Bitcoin has actually shown its impressive strength after many wars recent years, but longer than that through the pandemic Covid-19 and economic recessions. Not only Mark Cuban lies, there are other influencers do the same, so with experience I have in this market, I ignore noise on media because it's truly not helpful for me.
Mark Cuban said that Bitcoin didn't provide a hedge against the broader market going down, e.g. act as a safe-haven investment. Instead it follows the general market (which has gone up since the start of the war, fwiw). When the markets are having a good day, BTC goes up, and when it has a bad day, BTC goes down. That's not "lying", that's just an observation of the numbers.
Mark Cuban thought his Bitcoin investment would be a hedge against volatile markets, but in fact Bitcoin is simply an instrument that generally follows the markets up or down much of the time (although it's drastically down against the S&P in the last 12 months). Lately, BTC has not performed well at all when compared to (say) AI stocks.
Cuban is looking at BTC just like any other investment, and not a religion like many folks here (many of whom actually hope BTC goes down in price so they can afford to buy more).
Recently his statement made me disappointed, he is presenting lie as a fact and that will hurt Bitcoin because people rarely do a fact check.
All these investors talking as if gold is the best investment ever compared to bitcoin but if it is, why the need to lie.
Honestly, I don't really believe both him and Arthur Hayes. Both could walk back their statement at the slightest disappointment.