Bitcoin Forum

While tech giants like Bill gates and John McAfee is speaking for Bitcoin and spreading the goodwill, wall street financial giants like Warren Buffet and Jamie Dimon are calling it a scam and has no value other than people FOMO buying it. This will surely confuse new people who interested in Bitcoin.
Also mainstream media like CNN and WSJ speak ill of Bitcoin and they are the first ones to report if BTC falls like 10% for a day, but they are never to be found when BTC gaining ground. Media is doing the same thing that they did to Trump. But Trump won eventually  ;D

What are your thoughts on this media manipulations and financial guys wanting to control BTC?

to prove the media and to convince myself I suggest we better try and learn to understand about bitcoin itself, that bitcoin is good or bad for us to run towards financial freedom.

actually i believe that these "financial giants" understand bitcoin and its market perfectly well. that is why you think they "hate" bitcoin.

if you check things out, you can see they usually become super active against bitcoin during the drops and when the corrections are happening. why the perfect timing? it can not be a coincidence in my opinion. they know well enough that they can manipulate bitcoin price easily by their media attacks.

That is what I thought too, Remember how Jamie Dimon calls bitcoin is a fraud and then bought more BTC in the dip. They know no matter what they say people will still buy BTC and driving the price up. They just want a good entry point

I think the financial giants are more realistic and caring for humanity. Bitcoin might just be a hoax and could scam investors of their money. It's not necessarily because it goes in their favor, they just want people to know the truth.

All our team is coming from classic financial world and we strongly believe cryptocurrencies have great possibilities and bright future!

i don't know about Warren Buffet but it was proven that Jamie Dimon was talking shit about bitcoin because his firm was investing heavily in it! they gained millions of dollars just because he called bitcoin "fraud" publicly and also manipulated the market a lot and caused a bigger drop!

I think that bitcoin is something difficult to control, no doubt there can be manipulations that can confuse the user but, without a doubt, Bitcoin has managed to maintain itself and this year it has been put to the test under the worst scenarios.

That's a good understanding. Technology companies like new technology, which will help the development of technology companies. And financial companies do not like bitcoins because bitcoin is likely to break the rules of the financial industry and those banks may face much less business.

Tech giants know the superior technology used in bitcoin.So they value it and support it.That's why microsoft started to accept bitcoin payments even when other companies stayed away.

But financial giants have never faced such a challenge like bitcoin in their history.They are the direct sufferers due to the progress of bitcoin.That's why they hate bitcoin and treat it as their main rival.Also they play a vital role in spreading FUD against bitcoin.Till now,they have mainly suffered in the transaction sections due to bitcoin and in future,they might also face a serious challenge in receiving deposits from people also.

It's obvious, dude. Tech giants know how to use and control bitcoin. Financial giants used to know how to effectively work with fiat not crypto, thus they are afraid of bitcoin. Banks now have the only one way: to conquer crypto. Otherwise it will conquer them.

I don¡'t see where you got from the notion that Bill Gates loves Bitcoin... he has said from what I know, that he considers it interesting, but he doesn't like the fact that it's unregulated. Don't forget that his empire is sitting and backed by the USD. His closed source software is in bed with the NSA and sharing information. They aren't pro-Bitcoin.

McAfee is just pumping any coin that will make him money. But yes, in general the tech sector is more pro BTC than the finance sector for obvious reasons.

simple it cutting into there action  :D .They had  total monopoly over the money supply for years how there alternatives and competition

Recently McAfee was accused of being the reason for big pumps specially verge with his daily coin of the day tweets.

This shows people are actually following tech lovers than warren buffet like wall street bulls who have fear that one day bitcoin will replace banks including theirs.

Media always speaks for money and also most of the main stream journalist don't have inherent knowledge about bitcoin and its price volatility, they keep shouting oh no bitcoin bubble just burst like warned before and remain silent during huge gain in very short time.

If you look at the features of Bitcoin, or rather cryptocurrencies in general, you see that:
-They offer anonymous payment
-They don't discriminate different ages
-They are decentralized
-More awesome things

If you look at the graphs of Bitcoin, or rather cryptocurrencies in general, you see that:
-Cryptocurrencies have grown too fast, so these financial giants say it's just a bubble and call it worthless.

Of course, it's a bit more complex than this, but this is a very logical and beautiful cause&consequence relation.

The financial industry is always making FUD on the bit of bitcoin, which is disgust with the media, the coalition politicians and the financial community. They hate to centralization, they just like wealth and resource concentration. This is it

Financial gaints hate bitcoin because it is direct threat to investment products they offer for that reason they show hatred and buy bitcoin at lowest price

Financial giants mostly depends on the share market and banking. If bitcoin comes to the market banks usage will not be needed to make the international transfers cost, merchant fees and all other banking services. That is reason they always hate the bitcoin and some set of people additionally put the fake debate on bitcoin like using for drugs dealing and etc. They all knows truth US dollars is widely used in the black market but blaming bitcoin to stop using the potential virtual currency.
Tech lovers always goes with the bitcoin and ethereum because they can learn as well as earn with the blockchain technology by doing the own projects with the bitcoin.

all that matters is in 9 short years crypto currencies have become a 600 to 800 BILLION industry

it is now 1% of the world gdp

too big to fail now

it is here and it will soon take over the planet

A lot of people are making a lot of money by tweeting altcoins these days.

When it comes to John McAfee, there are rumors that he has been hacked. His twitter account is acting very strange.

Edit: It seems, it was a fake account tweeting all these altcoins:

https://twitter.com/officialmcafee/status/946041450415972352

It’s funny that you should use those two as examples.

Bill Gates left Micro$oft in 2008 before bitcoin was known to more than a small handful of people. Bill Gates said about bitcoin:

“Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work.”

He also said:

“There’s a lot that bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But bitcoin won’t be the dominant system.”

John McAfee has proven himself to be a complete nutter. http://yournewswire.com/john-mcafee-bitcoin-scam/

I’ve seen dozens of news stories about the climbing price of bitcoin lately. It seems to be all anyone can talk about. The news is the news. Shock and awe are standard business for the media. Would you read a story that said, “Jim drove to work today and nothing happened on the drive. He bought a Big Mac on the way home. Film at 11.”

Financial giant "I think that Bitcoin and its market can fully understand. I think they never see Bitcoin in disgust. If you notice, you will see that Bitcoin drops during the dropping of Bitcoin and gets the framework corrected. Bitcoin prices can be attacked by the media.