Bitcoin Forum

"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors.

Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source (https://bitcoinist.com/bankers-know-they-cant-stop-bitcoin-says-max-keiser/).

Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)?

He's a bitcoin bull and he's the one that predicted bitcoin will reach $100k soon.

IMO, I agree that banks can't stop bitcoin but as usual with those centralized crypto's being launched people's interest aren't really into it.

If you can't beat them, join them. ;D Well, some banks are starting to integrate or consider blockchain tech and cryptocurrency. They have no other choice or else they will be left out. Most people are switching from bank to crypto due to it's convenience and potential.

I'm sure that the bankers can stop bitcoin,but only if they are willing to use the power of their puppets-the governments.They won't even have to invest in silly projects,such as centralized pseudo-coins.

the thing is that we already had a very "crowded" market which has been flooded by thousands of shitcoins most of which were centralized. in fact we already have at least 3 major centralized altcoins in that market and about 4 government coins that aren't in the market (as in listed on exchanges) but exist. and so far bitcoin has not even been dented :D

I doubt ''bankers'' are trying to stop bitcoin now, it's blatantly clear at this point that Bitcoin will NOT be able to overthrown fiat. Fiat will always be needed unless some other cryptocurrency with far better features than bitcoin appears. Bitcoin simply doesn't work for day-to-day transactions, it would also take a long time before it ever stabilizes which it wont. How would that even happen? The volatility will always be there and even if fiat stops existing for some reason, how will bitcoin be valued?

I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

Banks see Bitcoin as a big threat but I don't think they can do anything to stop it. Now that people are aware of Bitcoin and how blockchain technology works, they will realize that they couldn't take control of it. Soon, banks would also accept and colaborate with cryptocurrency but I think it will still take time.

They would have done so already if they really wanted to, they could have easily bought the majority of bitcoins by now, that amount of money is nothing for them, the market cap was also way lower. In fact in January of 2017 the total market cap of all cryptos was barely 19B, that's nothing for a bank, even for someone rich enough, they clearly don't care that much or they do care but are only profiting from it.

The more these Bankers hit hard Cryptocurrency and Bitcoin itself with their motives of destroying and spreading FUD the more free advertisement it would get then It's fine with all of us.

The technology of the future will prevail no matter how these corrupt individuals do their thing because the people will speak  and choose for themselves to what's the best.

It definitely is. I have started to notice that people actually turn against them, and as always, the harder you push against something that people start to like, the harder it will backfire.

The same pretty much applies to Roger Ver and his anti Bitcoin Tweets. Just read through the replies under his Tweets and you'll notice how he's not doing himself a favor at all, and not even once dares he to reply.

As for Max Keiser, the only thing he's good at is rehash the same anti bank and government bla bla over and over again. Back in the days it was what people wanted to hear, but we're over that now.

volatility is a matter of market liquidity. you can thank bitcoin's scarcity for all the volatility and slippage!

even if volatility weren't an issue (and it might not be), it was acknowledged early on that bitcoin can't scale to all the world's transactions. this is why hal finney predicted the onset of bitcoin banks, which i think we will eventually see. i hope better decentralized or non-custodial solutions take off as well (lightning, sidechains, etc) but i don't see most of the world transacting on the bitcoin blockchain all the time.

He's boring with that. He's been predicting a collapse of the banks and another financial crisis for how many years now? 5? He's also a well known preacher of bitcoin as a global currency that people will use when fiat currencies become unpopular. I would like it to happen but it's not a very probable outcome.

He was wrong with his bitcoin price predictions so what if he's wrong with unstoppable bitcoin? As long as bitcoin needs fiat it is stoppable.

I don't feel like there's any systematic attempt to stop Bitcoin - we see occasional ban by some government, we see occasionally banks don't want to deal with crypto companies, but overall there's no mass prosecution, and while some bankers, economists, regulators are critical of crypto, it's not as bad as it could have been. For banks to start thinking about actually stopping Bitcoin, Bitcoin must first become  much more influential than it is now, because at this moment it doesn't look like a threat to banks - Bitcoin is 10 years old and mass adoption still didn't come.

"First they ignore you, then they laugh at you, then they fight you, then you win”.

that is the story here.
first they ignored bitcoin and remained in denial that their time is up and their corruption is coming to an end.
then they started ridiculing bitcoin and called it magic money.
then the panic set in and they started fighting which is where the "ponzi scheme" "fraud",... labels came out. and also the continuation is them creating their own centralized coins.
the end result is bitcoin's win.

I think banks will eventually accept crypto, they will have no choice

"ponzi scheme" and "fraud".....is that all they've got? :P

the indian government is apparently mulling over a 10 year jail sentence for using cryptocurrency. do you think this could be the beginning of governments prohibiting usage? not just labelling it as a scam and discouraging usage but actual criminal penalties. it's always been a possibility, but it's scary to see large countries considering this.

1. No one is trying to stop bitcoin. At the beginning banks just didn't want to use it bacause they had to avoid risks related to illegal activities of crypto users. And tbh many of them really had something to hide.
2. On the other side banks and the government can stop Bitcoin if they really want. It is impossible to buy something worthy irl and hide it from everyone while small transactions have no difference from good old paper cash and make no harm. But anyway, it would just take much efforts and in any case any huge crypto ban doesn't worth it.

Well, from the start already they can't stop Bitcoin so what did they do?? They created their own coin in the form or Ripple.

They can't stop Bitcoin and other crypto but what they can do is accumulate more coins and try to manipulate it and that is I think the problem of Bitcoin and other cryptos right now.

I doubt that's the only thing they got. and no I don't think wouldn't be the beginning of governments prohibiting the usage of
bitcoin since there are countries who are openly accepting bitcoins. I think one of the reason why they pushing the usage of bitcoin
as a criminal activities is because of the rampant scams that had been happening in their country.

I think that's quite possible. To be honest, killing Bitcoin is really easy for them by doing things like that. Just make it illegal, block or ban any bank account that has any transactions related to crypto, and so on. However, this will push illegal exchange or trading center to show up, I'm not sure they wanted it to happen.

People will find a way to trade Bitcoin or crypto using any other means, like OTC via Bisq or other dexes.

Satoshi developed a near flawless technology, but he might not have envisioned that the thing he wanted to disrupt <Banks> would use this same technology to improve their own systems and even counter his attempts to disrupt their monopoly.

Yes, their versions of this technology will not be the same and the fundamental difference will be centralized control, but normal people might not be able to spot the difference and that would be their downfall. <Learn to spot the mistakes from the past and do not repeat it>  ::)

I don't agree with you. They tried things like that over and over and over in the course of years and years and it didn't work. Surprisingly for a lot of individuals.

They don't really have that much power over it like it seems. With fiat their word is law, here not even close.

The funny part is that everyone can participate since using it is something that anyone anywhere with internet connection could do and they will probably have to adapt in the future to this technology and not otherwise.

This world really needs changes, deep changes at different levels. It shouldn't be like this, like Einstein said: "The definition of insanity is doing the same thing over and over and expecting different results."

Bankers should accept bitcoin because they can win more if let people use bitcoin and cash out via bank, but is their choice. 100k for bitcoin we will see that price but not soon.

Well I agree that they can not kill bitcoin so easily that is why I think this is their scheme to put many centralized coins, Well I don't know what are their true intentions or motives in doing this, But my thought in putting centralized altcoins maybe they want for people mostly newbies to buy this centralized coins then if that certain coin would drop their prices investors would think that Cryptocurrency is not a good thing to invest in, Well I am referring to new people that don't have any idea yet in how cryptocurrency works.

Countries are competing against one another economically. That's why I don't think we'll see bans by most major economic powers. If one economic power prohibits things like cryptocurrency exchanges, services, usage they know it'll push all that economic growth -- and tax revenue -- to other competing countries.

Bankers can't stop BTC, they will lead BTC. And we will follow them, follow their's rules. They have technologies and everything essential to control masses.

What are You talking about?On the contrary, banks do not want to work with cryptocurrencies.To use blockchain technology-Yes,but to use cryptocurrencies-no.

People like him made crypto fun and alive back then. Unfortunately most have gone silent in this challenging time. I do not agree with most things he says (like the one about bitcoin reaching 100,000 in a short time) but he has remained a bit consistent for sometimes now... Whether he is genuine or not I do not know.

I kind of think that most activisms are faked to prevent real activists from waking up. In the end, the community gets abandoned once cornered by predators and by the time real activists wake up it is too late

How they would stop already? They have no power for Bitcoin! Bitcoin is bigger than all banking systems. I think most of them already realized it.

I agree, they will lead the BTC, if they adopt good for them and good for us. We can never rule out banks in my opinion. They will be always here in the money business in whatever kind of currencies

Banks may see bitcoin as a threat to them but they cant really stop bitcoin. The more people who recognize bitcoin, the more people who will try to engage themselves with it and they can't stop it. They have no choice and might even end up accepting bitcoin and crypto.