‘Don’t buy Bitcoin it is worthless’ said economist Samy Dana when BTC cost R $ 752.39



G1 economist and columnist Samy Dana is one of the main ‘unbelievers’ about Bitcoin and, over the years, has been criticizing the main cryptocurrency on the market.

However, despite Dana’s criticism and advisor warning investors about the ‘danger’ of investing in BTC, the main cryptocurrency in the market broke another appreciation record and reached R $ 100 thousand per unit.

Since 2014 at least the economist has been declaring his mantra “I don’t recommend investing in Bitcoin”.

So to congratulate all those who did not follow Dana’s advice and bet on Bitcoin, Cointelegraph recalled some statements by the economist and what was the price of Bitcoin in each of these moments.

Gazeta do Povo newspaper

People’s Gazette – Date: 02/01/2014

Bitcoin price on the day – R $ 1,875.00 – Valuation since then – 5244.97%

“The possibility [de bolha] it is huge because Bitcoin has no ballast, nobody guarantees the prices. And it can explode. ”

Technology

Technology – Date: 14/03/2014

Bitcoin price on the day: R $ 1,515.00 – Valuation since: + 6515.07%

“When almost no one accepts the currency in exchange for something physical, its only functionality becomes speculation in exchange offices.”

Newspaper

Folha de S. Paulo – Date: 03/22/2014

Bitcoin price on the day: R $ 1,534.99 – Valuation since: + 6428.92%

“A wave of regulation would need to be implemented to adjust the functioning of this quasi currency”

GShow

GShow – Date: 25/03/2014

Bitcoin price on the day: R $ 1,494.97 – Valuation since: + 6603.70%

“I realize that it is much more speculative and playful than something that has a connection with the real world.”

Exam

Exam – Date: 05/29/2015

Bitcoin price on the day: R $ 752.39 – Valuation since: + 13220.00%

“My tip is: avoid this. You can earn a lot, but the risk is not worth it”

G1

Blog on G1 – Date: 05/12/2017

Bitcoin price on the day: R $ 5,347.90 – Valuation since: + 1773.97%

“I don’t recommend it. There is a risk, a big fluctuation and the return ends up not paying off”

Blog on G1 – Date: 06/16/2017

Bitcoin price on the day: R $ 8,289.59 – Valuation since: + 1108.97%

“Exchange the fixed income for the variable, at that moment, especially bitcoin […] increases your chances of taking damage “

Blog on G1 – Date: 28/01/2018

Bitcoin price on the day: R $ 37,138.63 – Valuation since: + 169.85%

“I particularly believe that there is a bubble, which looks like a price bubble in bitcoin.”

G1 Economy – Date: 05/23/2019

Bitcoin price on the day: R $ 31,860.80 – Valuation since: + 214.55%

“I think the risk does not pay, especially since in Brazil there are other instruments that pay relatively well.”

The globe

The globe – Date: 10/02/2017

Bitcoin price on the day: R $ 13,902.15 – Valuation since: + 620.88%

“It seems to fit all the criteria for a bubble. […] If the bubble bursts, don’t say you didn’t know about the risk “

Newspaper

Newspaper – Date: 11/06/2017

Bitcoin price on the day: R $ 22,809.22 – Valuation since: + 339.38%

“[N]the list of those who believe in the bubble, Robert Shiller, Nobel Prize winner in economics, also says it is a bubble. “

Newspaper – Date: 05/02/2018

Bitcoin price on the day: R $ 22,681.83 – Valuation since: + 341.84%

“I understand bitcoin as a bubble, I still don’t see it as currency.”

SP TV

SP TV – Date: 11/29/2017

Bitcoin price on the day: R $ 32,086.56 – Valuation since: + 212.34%

“Although it has risen a lot, I do not recommend it. Not only me, it is also not recommended by the Central Bank”

SP TV – Date: 04/17/2019

Bitcoin price on the day: R $ 20,683.19 – Valuation since: + 384.54%

“It is a huge risk, it is not illegal to invest in bitcoin, but it is a very big risk!”

Globo News

Globo News – Date: 21/02/2018

Bitcoin price on the day: R $ 34,931.95 – Valuation since: + 186.90%

“Rates make it impossible [o uso] and also the time of two hours to perform an operation. “

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Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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