Bitcoin Forum

This week alone 5/7/2019 to 12/7/2019 Bitcoin has received immense press coverage. Currency war just about to begin. On which side will you be as we make this history. I find these pictures below as interesting and we going to need them in a couple of years. Folks fasten your seatbelts grab a pot  ;D either coffee or THC.

Those pictures depict the reality of modern capitalism and slavery. Donald Trump is an idiot and Zuckerberg is a business-minded theif. I don't care if Donald Trump shuts facebook's Libra down. It was supposed to be data-stealing money making machine for facebook.

That is right sir, we need to respect what donald trump opinion for bitcoin or in crypto in general, because as you said he isn't a businessman. Donald trump is politician he is on the government side interest, I am not a US citizen or US residence but I understand him he want to protect the banking economic system of the states.
But if he understands well all about crypto for sure their mind can change at the right time.

You're wrong chap. You don't have to respect the ideas and opinions coming from people who are dumb as fuck and don't know what they're talking about. I'm not a US citizen either but it doesn't take a genius to understand how dumb he is as a human being. He clearly sees Bitcoin as a threat for his banking economy and that is why he wants to pressurize laws to stop its regulation but that's not how democracy works correct.

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

You may not respect Donald Trump in your own way. But in fact, since taking office, he accidentally blows very strong winds and impacts the crypto market. Especially bitcoin. who will assume it is random or what will come after re-election at 2020. ::)

This has been going on for a long while already. Trump's pronouncement is new but the rest are old issues. Jamie Dimon has always been very vocal against Bitcoin. And yet he has made his own garbage JPM Coin and is believed to have bought his own shares of BTC as well. Banks dismissing employees is not new either. They have always been problematic. Neither is the news that banks are involved in illegal activities.  Well, as to Trump, only his statement is new. But the pattern of releasing uninformed thoughts is very old.

A piece of pretty popular news about people that really hate Bitcoin and other cryptocurrency and so to speak maybe they are hiding something and might as well holding their own Bitcoin and the grudge goes on and on to the point where they can not reach the price of bitcoin anymore, I guess Jaime Dimon wants the price of bitcoin to drop by giving FUD on the  community and spreading atrocity over bitcoin, Just to buy cheap for his own profit, While Trump doesn't have any idea what Bitcoin really is, and what it can really do, He is pretty blinded by the fiat currency Dollar, Well it is hard to blame him.

"unregulated crypto"

The good point is that we are talking about regulation. In the past, there was a random link between cryptos & the dark activities {those currencies were designed for that purpose.}
Also, talking about it because of the high volatility in the price and not against that technology.

The outlook of the world is changing and I think one that the emergence of Libra will put pressure on accelerating regulatory laws.

exactly, they don't want competition. where is fraud there is some bank involved. numbers show that the war on drugs is a great stupidity, it only exists because it is profitable. to criminals, weapon industry, private prison owners. Gives a reason to oppress the poor. You won't see Jaime Dimon being spanked by the police because they found cocaine...

Press coverage isn't something new for Bitcoin, also the coverage that has been getting last week were negative, hope true bitcoin believers don't fall in this FUD, Also the bitcoins bag from the bankers and the latest tweets from Donal Trump it's surely boosting bitcoin to the mainstream via social media, I can't believe the price is such low right now.

Well all of the things people enjoy today has that 'data stealing' mechanic you are talking about and quite honestly 'permissions' are there for you to let that data go to them without calling it 'stealing'.

At least the coverage we are getting last week are immense specially coming for Donald Trump. If he is coming after bitcoin, then Craig Wright should be the first people he should like to meet because after all he claims to be Satoshi Nakamoto. (insert sarcasm here!)  ;D

I think the OP should also include Fed Chair Jerome Powell have to say, comparing bitcoin to gold as a store of value.

you are missing the news exactly right after JPMorgan CEO called bitcoin fraud where there is a big dip (~30%) where they buy a ton of bitcoin!


money laundering has turned into an excuse for anybody who runs out of reasons why they are against bitcoin. it is not just banks, it is governments too. the funny thing is that bitcoin is literary the worst thing to use for laundering money because of its transparency! basically you would be putting ALL your monetary transfers up on the internet for the whole world to see. why would anybody choose that when there is much easier ways to do it through fiat?

All this famous and rich Dudes like to talk shit about btc to appear tough in the eye's of the rest of their kinds, but in reality they are doing far more worst things than anyone can imagine, as hard as they try to tag btc as bad, somehow btc has gain more media attention and exposure, now all Trump haters will buy btc just to be spiteful ;D

We do need to respect his opinion on the topic but I just want you to correct about Donald Trump not being a businessman. He is a businessman. And just like Zuckerberg, Donald also got some tricks up his sleeve when it comes to business.

Regarding news about Donald Trump, what trump wrote on Twitter is not a fan of Bitcoin and other cryptocurrency, which is not money, and its value is very volatile, based on fluctuating movements.
it's a wrong judge, trump doesn't understand how the digital era continues to grow very fast. do not care whether you like it or not, real or not, but this is the fact that digital money has become the choice of the community with all the facilities offered. Bitcoin can change a person's life and help their economic life.

       That's a long week end for bitcoin , and let's accept the reality of what people think about the crypto currency with the drug lords and the highest office of U.S.A but we should not to worry about since they are just human being that can commit mistakes sometimes .

So JP Morgan called out Bitcoins fraud in front of everyone and at the same time he was arrested for doing fraud ?

That's some impressive news back to back ..

Well other than that Donald Trump was just scared of Bitcoins , the USD is going down and the didn't have anyone to blame therefore Bitcoins it is...

His back to back tweets shows that how frustrated he was already about it.

Bitcoins is something that is way above the time today and therefore people are hardly able to digest it.. Nothing new.

I guess that the current FUD wave across social and mainstream media will take over bitcoin again.The bitcoin price started going down.The buying pressure and FOMO disappeared.I don't care about the opinions of Trump and JP Morgan Chase.Trump is an ignorant retard,while JP Morgan is anti-bitcoin for the last 3 years.

With large number of news coming out relative to bitcoin and other cryptocurrencies have given big media coverage for cryptocurrencies. The month also has given good rise in the value of bitcoin. These days the price manipulation is quite low from whales as people aren't falling to FOMO or to any form of FUD, else now we could've experienced a very drastic fall in value compared to the present market price.

Society is afraid of everything new, especially if it changes the economic system. And again, banks do not like it, because they will lose their precious profits

It is obvious that Trump do not support or like bitcoin and other cryptos because it is not regulated and it can be a threat to their "precious" currency which is US dollar. He is afraid of the change people might like if they see the opportunities and benefits bitcoins offer that's why he gave his idea about it.

Of course they're afraid of crypto. It can shake their familiar world

Bitcoin is really going strong and very known in the world. The good thing about this news is people will discover what really bitcoin is and behind its technology and is not created just to make someone rich.

I always say, do not look at what people or organizations are saying, but rather look at what they do. The CEO of JP Morgan <Jamie Dimon> attacked Bitcoin on more than one occasion on social media, but his own daughter is invested in Bitcoin.  ::)

The company issued a warning to their employees, not to trade in Crypto currencies, which is telling us that the employees were heavily invested in Crypto currencies. These people know how to use their influence and power to manipulate the media to take full advantage of the price reaction after they made these statements.  ::)

the war will be greater after the Libra gets a place in the crypto market.  the Libra coin trading chart will make the chart cycle stable with high market volumes.  and ETH will create a bullish market quickly and unlimitedly.

The war is ongoing between crypto believer and non believer. Most of the banks, Govts in the world are against cryptocurrencies but the common users are with it buying and selling cryptos daily. Trust me once BTC value and other cryptos increse in price more and more common people will join in and at the last Govts will be forced to think about blockchain technologies. It may take sometime but I believer crypto revolution will be there.

When you do try to connect piece by piece you would really see that those things they are saying are just pure alibis.

They do tell negative things in front and accumulating btc on behind.Their negative inputs are just the way for them to buy more cheaper coins.

just look at the picture of someone carrying a bag with Bitcoin wrote, it's like slander.. we don't need to panic in response to a tweet from Donald Trump, not just this time a head of state attacks Bitcoin, indeed every statement from them (head of state) makes the crypto market bearish but believe me if the conditions are conducive and the bad news is forgotten, I'm sure the crypto market will come back green.

Too much news and events about bitcoin.
Let us make it as positive as possible.

Also, we should thank all of them from the media and different branches of different governments. Thank you again.
You showed "new possible crypto currency investors" that it is awesome to have bitcoin.
There is just so much life in it being in the news and everything.

If I am a the new one that will see this ruckus then one thing I will do. Google all the way what bitcoin is and maybe go way deeper into understanding why the hell that President is so mad at it.

Common and frequent concern, when bitcoin slumps and falls, even though at the beginning of the month it is quite powerful. but there is no need to worry about that, because bitcoin is used to experiencing it and he will be able to get back up, we believe.
like what you believe about next week back to high prices.

It's an interesting moment as we watch to see where this will all end. Trump's fears are clear and he is not alone on this, many countries think the way he is doing right now. They felt bitcoin and cryptocurrencies will cause major harm to the financial institutions cum banks and tend to label it as an easy front to launder money or push drugs but they failed to also let the world know the massive corruption going on in those banks.

Not full one week yet, but so far Bitcoin looks really bad, after a small rise yesterday, bitcoin now currently dropped at 12, which brings the price at $9400 now. It's a significant decrease that we are witnessing now because of the FUD which was coming from the remarks from the US government which people don't really understand what they are trying to imply.

IMO, the remark is not negative, the fact that the government already tackle bitcoin, that's big and they sees it's getting bigger, if we can think positive, it could be a free advertising from their part.

It seems that Donald Trump who a few days ago published negative tweets against Bitcoin caused a huge wave of FUD in the global crypto exchange market. Prices for almost all crypto currencies fell by -20% from recent highs.

Crypto currencies and other financial assets can facilitate unlawful behavior such as money laundering, and of course, the police should curb this illegal activity by tracking blockchains. But in my opinion, Bitcoin is a decentralized peer-to-peer ecosystem that has a good common purpose for people from all over the world.

yeah in the fact week to week price ussually like fluctuatif movement. but, when look at month to month, year to year, Bitcoin price always move to top mountain reality, this week happen dip correction with fud news together made price bitcoin and altcoin down..

This news e-market has had negative effects. So the cost of bitcoin is decreasing day by day. I think on this news. Many people can get damaged in the coming days.

I like answers like this, exactly what I think, everyone has a lot of money to make news and destroy prices, but unfortunately no one cares about such news and is not a serious threat.
I see almost 90% of BTC users now more mature to think that the news will not affect Bitcoin Prices, if people ask why bitcoin prices go down not because of news, this always happens when the Bitcoin price corrects and just waits where support buys next

that tweet was really an excuse to cause panic and dump some coins on the market to crash the price below the buy support line that was pretty strong to be broken under normal circumstances so these days is like birthday for the day traders in bitcoin market because they are now gaining a big fluctuation that they couldn't have seen otherwise.

and the drops were only in bitcoin, the altcoins are following bitcoin in the drop but in a bigger size. ~10% in bitcoin is at least 10% drop in altcoins and can go up to 20%.

Soon after the tweet from Trump more controversy about the same has been getting circulated around the market. Some believe it is the tweet that has caused the downfall in the market of bitcoin followed by the altcoins.

Being peer to peer, it can be used without any form of difficulty even if governments impose restrict on the use of cryptocurrencies. The technology and bitcoin together has got a good cause as stated above.

Haha yes but who really cares about what he says? There is no one in here who will be selling their coins just because of a tweet that was probably posted by one of his community managers. Nothing more than this.

And even if the tweet was really done by Trump's fingers themselves, I doubt if someone will still sell because of it. Right now, because of the track record of this man, whatever pronouncements he makes bears little credibility already. People take his words with a grain of salt. Therefore, this is not going to affect what people think of Bitcoin. If I know, they might even do the complete opposite and buy Bitcoin.

This week we face a downtrend for bitcoin, and we saw the price touched a deeper than the last week. But now, bitcoin price starts moving to the higher price, and gladly the price now has back to $10k again. I hope that it will stay or increase higher so we can make the profit again and I am sure that right now, many people already get the profit. It seems, the price now trying to break $11k although it's not too fast and we can hope that it will happen soon.

Should it be called as fraud because it is used by North Koreans?
They should be proud that Bitcoin is used in citizens that face so many sanctions and they have an alternative to their limited economic environment.
These posts just do good rather than harm bitcoin.

Totally agreed on you here mate,Trump is just a stupid human who jump into conclusions and say a word he don’t really understand.though I agree also on his statement  about libra coin and for me that data abuser owner Zuckerberg will only use the advantage of those Facebook user to make profit from that coin

No one can deny that happened, but nothing can stop the benefits that exist in bitcoin today, I think the more often bitcoin is published, the greater the bitcoin will be quickly seen by everyone in the world, and learn about bitcoin.

It is always good to talk about a certain project, either positively, negatively or speculatively, because that way people are interested and then the picture becomes clearer, because the truth is that cryptocurrencies offer many advantages to the economy and adapt very well to the present time, little by little cryptocurrencies are gaining ground, until a day when their use and acceptance will be global.

With the existence of Binance release Platform Crypto Futures Trading with Leverage up to 20x, it becomes a popular news on Bitcoin trading, it estimates that the digital currency will be the economic growth in this modern era, and of course the news Excited about rising Bitcoin prices in the future.

Hopefully this month of July and in the year 2019 this price of Bitcoin is rising

there is a huge difference between talking about a project which is also called constructively criticizing the project and with spreading FUD and nonsense about that project! the keywords used in that tweet such as "out of thin air", "drug trafficking", and the news in OP "fraud" are pure bullshit. you can't really call it criticism.

Fake news always affects Bitocin price negatively, but this time, when I read the post I was almost shocked. I cannot understand how North Korea can use BTC and also deal seriously with cryptocurrency with its political situation. Bitcoin is not a fraud sure, but the best crypto.

War or no war , there is going to be a certain thing which I know will definitely happen and that thing is adoption of blockchain and bitcoin soon, we are getting there soon as fiat will all bound down for the king .so I prefer holding my bags of btc .

If you go deep to the message, you'd be like, yeah okay its fine make it happen.

President makes the rules in a certain country run the regulations and can do whatever he wants can say what he also want. In real world trump can say shit everytime he wants inside his term make rules inside his terms.

Satoshi is the president of cryptocurrency, volatility makes it more interesting, Satoshi implements unpredicatble rules of algorithm in the same way he never fails.
Virtual is so much different to actual presence of reality outside virtual world.

Digital asset to the moon.

Calling him with that word is bad but thats the guys opinion  . we cant do anything about that and this is also an open forum but idk if there are such rules for bad words  but anyways lets go back on the true topic  .

one week of bitcoin on july was consider to be one of those historic moments due to those enumerous negative news but lets not forget that the positive news are still more than the negative ones