Bitcoin Forum

 Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?

There was always fucking hate! in 2017 every single bank was against to Bitcoin. Therefore, I was very skeptical about Bitcoin. None of the banks supported Bitcoin. There were always haters out there but Bitcoin has seen 19K ATH.

In 2013 Bitcoin has seen $1045 and next year Bitcoin was $207. Thats right!

2017 Bitcon was 19K and this year Bitcoin is $5,500.

You can youtube bitcoin 2013 vs 2014. You will understand what I am talking about.

Bitcoin price is not related to how much love it gets from banks.
As said, Bitcoin was never loved much by banks, since it makes them work more for their money.

Now the new crisis is at the horizon. So what could be the perfect target for the banks to claim as the cause for the crisis? Themselves or something they hate anyway?

These centralized financial institution would always find reasons to hate and shit on bitcoin, and there's nothing we can do about that. As bitcoin takes a huge beating on the prices, the same dudes would be too quick to lash out on the imperfections and insecurities they see on bitcoin without any regard for their own flaws. We've experienced worse cases before compared to what we're having right now, and I'm pretty sure we'll recover from this flash crash.

Anything a 'central bank' says about bitcoin should be taken extremely lightly
and should be looked at as a kind of curiosity of sorts.

So this Benoit Kerere, i cannot find anything online for this person, or statement?
Can the OP post a link?

To be honest this is not new for everyone, starting from media to bank analysts and supporters we heard so much hate and subjective opinions which disregards the essential perspective of this community and it doesnt affect it though, the price of the cryptocurrency will never be based on the how much banks and analysts observe the success of this cryptocurrency, the mass that will believe is that matters.

For anyone who's interested, this is the article that mentions this:
https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis

Next time, maybe add it to your post, OP.

Also interesting, from the article:

Whenever there is any change in crypto related rule any where in the world, it use to effect crypto market in both ways. Well this downfall is due to this culprit bank. Now whole market will be waiting for the change in any rule on positive side. May be some other bank announce any thing in favour of crypto market, then it will be boosting whole market.

This is not something new to the Bitcoin ecosystem. If people don't understand something, they say all sort of things because of their ignorance and their inability to adapt to new technological changes. Its quite unfortunate that people who are regarded as financial experts and gurus speculate negative vibes about Bitcoin and crypto space in general. This brings about fear and panic to newbies in the crypto space.

bitcoin not, its not a good crypto but the encription services will remain and continue and the central banks will get into bigger and bigger pressure.

because they cause a lot of poverty

There wouldn't even be a spawn from the financial crisis, "evil" or otherwise, if the reckless banksters hadn't caused the crisis in the first place.   

To the ECB, I say don't hate Bitcoin, hate yourselves for helping to destroy the global economy.  This is on you.  If you screw it up, you need to accept the repercussions.  Bitcoin is merely the natural reaction to your ineptitude.  Cause and effect.

There will always be hate for the things they would know that would make their businesses go down someday. But I do know that somehow Banks and Cryptocurrencies would make something to collaborate both of them together.

Don't be surprised if you start seeing some articles poping up lately hating on Bitcoin, everytime there's a big downward movement, some people take advantage of the situation and start spreading FUD everywhere, right in the middle or after a big drop, this is to futher spread pessimism around the crypto market. So, don't fall for obvious fud.

About what OP posted, it's not a surprising statement since it's coming from a centrak bank, the simply don't like the idea behind Bitcoin and what it could represent to the world economy in the future.

Actually not something new if individuals or bank agencies criticize the performance of cryptocurrency, they even criticize more severely than this. criticism from them actually has no effect on crypto prices but it affects some investors to make panic sales. so the core of this problem is the belief of investors in adopting crypto so that prices return stable and crypto can rise again.

Yes. They can hate it all they like. But the fact that finance firms are already confirming about them investing in crypto is just a vindication for the blockchain pro.
There is no Jaime Dimon this time so they are using someone else now and yes we'll probably seeing reputable finance blogger will publish BTC hate articles soon while the price dips this low.

Gotten to know that the more they hate Bitcoin, the more it price drop was unfortunate but inevitable in cryptoshere. The fact that many companies are using the coin (Bitcoin) as a form of payment has actually conquer them all. They hate Bitcoin but they love the platform that brought inn Bitcoin into power, so, they can't destroy it!.

Bitcoin and virtual cryptocurrencies have been banned by my country's central bank. Every statement I get from my local bank carries a warning that any trades conducted for buying/selling crypto are liable to be withheld.

Given that this is the world's second largest country by population, it basically means that Bitcoin adoption will suffer

It also makes me think that Bitcoin is a real gamechanger. There are parts of this country that still don't have a bank for miles, but they all have smartphones. If Bitcoin was irrelevant, the banks wouldn't have been running so scared.

We should get used to it by now. Because there will be someone who's always going to bash and attack bitcoin specially when we're on the downside. Similar to what Jamie Dimon last year.

But behind those guys are simply accumulating and taking advantage of this dips to get more bitcoin at a cheap price.

This would not be the first time or neither would it be the last time bitcoin would be criticized when ever there is a drop it's kind of becoming and expected after math of a fall in price but the real truth is that bitcoin has the to bounce back and it would

Of course he will speak bitcoin badly because he must defend the rotten system that is the banks, I think it's unbelievable how these guys can be cynical and speak these things to defend their own interests, they're not worried about people, everything they want is profit from the suffering of other people. Banks encourage people to make loans so that they can make a profit, but they know that people who are borrowing will pay a very high price when they make these loans, there comes bitcoin that somehow gives more freedom to people, banks start spreading their venom against bitcoin


Oh, this has become something normal and I wonder if they should have this title of "experts"


the price will recover

Bitcoin may be declining every day, but its value is several times higher than in 2017. It is falling so much that banks are trying to capitalize on it to create FUD, I believe it does not affect Bitcoin. Because it has overcome too much trouble so this trouble, it can easily exceed and quickly recover again.

It is more than obvious that almost all the institutions really hate bitcoin at the moment, but what are we going to do agains that? There is nothing that we can do to change it.

I think that we can only wait to see what is gonna be of bitcoin later.

I really believe on it, and this is a thing that will stay in here for a long time

Iam feeling like the hate wave never ends since about 4 years always bad news BUT Bitcoins still standing :D
Most bad news publishers start to buy after the news XD



regards

Let them call what they want to call, they can hate and say such words with it because they can see it right now as a threat to the finance industry. About the recovery, yes bitcoin usually recovers after the dip and this is the behavior of bitcoin.

They will never stop hating bitcoin and calling it with anything that they want to call just to discourage the investors of it. Bitcoin is attracting their customers, depositors and investors so what they should do? taking action like this is their resort.

It is not surprising that banks express a negative against bitcoin. It always was. But fortunately it does not affect him. After all, bitcoin is independent and we have already seen what it can achieve even without the approval of banks.

Well, i think it is not a new thing happening in bitcoin. Bitcoin has been hated by many peoples around the world since it was created.
I remember some of them called bitcoin is a pyramid scheme. The bitcoin dropping price doesn't mean it is an evil offspring of the financial crisis because whales can easily manipulate the price in the market as long as they have much money.

I hate waking up and seeing the whole market red. I rarely go to coinmarketcap.com, so as not to spoil my mood.

Investments are now fixed in Ethereum. I think a good price increase is possible.

I don't believe some shitty claims made the currency fall this time. Unfortunately, I guess the problem lies within the community this time. These goddamn Bitcoin cash fans with their disputes about restoring the original protocol because bitcoin cash is not close enough to what Satoshi's vision (ironic, because they made bitcoin cash to restore the original vision of Satoshi in the first place). Haters are always there outside the community and it's natural. Bitcoin and other cryptos show that basically banks are useless. They charge fees for transactions and storing money, require various personal data. It is way cheaper and more anonymous on blockchain.

I think it's either next year or never.And there of course in sight will.But next year will definitely be indicative.In General,I love bitcoin, but even I'm beginning to doubt it.Too much bad talk.(((

All sorts of individuals involved with central banks will downplay Bitcoin.

Why wouldn't they?

They know that blockchain will allow crypto to be more efficient than fiat.  They want to slow the process so that they can profit for themselves and their companies, and prolong the inevitable.

Thanks, iTradeBit for your post.
Because it invites the community to debate about this current topic. I have found your source that is great for me.
ECB official dubs bitcoin ‘evil spawn of the financial crisis’ (https://www.ft.com/content/92c4737e-e8ed-11e8-885c-e64da4c0f981)
Okay! I think Bitcoin will receive more analysis as well as positive and negative. Benoît Cœuré, the executive of the European Central Bank, made me reflect on his arguments. I hope bitcoin, as he says, is not "a combination of a bubble, a Ponzi scheme, and an environmental disaster" for the good of the community that believes in Bitcoin.

Remember all are theories, the practice is done by the community and while Bitcoin has the community that believes in it. Bitcoin will recover, it is unpredictable to know when? due to its complexity and its volatile system. The hope that Bitcoin will recover is expected by all.

this of course will be difficult to predict the fate of bitcoin in the future, it seems that recovery will not take place in a short time because interest in bitcoin and crypto will decrease and people who cause FUD should be arrested

Banks are fighting for monumental gains threatened by bitcoin
As well as large financial entities and behind it governments are fighting to maintain control
They never think of losing it

But in the end, the train must reach its last stop.

Why should the banks support something that may radically disrupt their status in charge? It's like asking why the horse seller hates cars

The only thing which makes a horse better than a car is the liability of the asset, while the bank offers you a stable currency(assuming it is a member of the established power) bitcoin offers you speed, anonymous identity, secure storage through private keys, transaction-only fees, and many other benefits...so it's a natural hate the one they do have  ::)

yup, bitcoin will recover and even develop from what you think.
Bitcoin may be in a bad state right now but look at a few years ago, even bitcoin was in worse condition than now and bitcoin can grow again many times

it is nothing new that during price drops every single FUDster in the world start becoming super active. they clearly see the opportunity presented to them by the small price drop and newbie panics to use it to their own advantage and spread some FUD and try to get the price lower than it should be.
most of the times they are successful like 4 days ago when they FUD bitcoin down. which is why they keep on repeating it with the same exact strategy each time until people catch on and stop falling for it.

in any case, it is a short lived drama with the drop that will be resolved pretty soon and bitcoin will be back on track of rising up. all the FUD and hate waves can not stop what matters most which is adoption...

In my opinion, it is not easy to bitcoin can recover, or return to the price of the market for a long time. But I still hope that BTC will soon be able to recover, because my money and profit are putting on it ;D.

it is not always support it is more like adapting to new world and the changes that are happening in it so that your "business" doesn't evaporate overnight just because you refused to change.
banks will surely get on board the bitcoin wagon eventually even if they are resisting right now. not to mention that most of them are saving face because the government has banned them from getting involved with bitcoin so they are saying it is bad that they don't want to not that they want to buy they are not allowed!

Why does anyone in the Bitcoin community care about the opinion of central banks? It's like asking audio cassette manufacturers to give their opinion about CD players, or videotape makers to give opinions about SD cards.
The EU central bank has more things to worry about. One of them is the Euro zone not getting bigger. Many countries in the EU don't want to accept Euro and probably never will and that was the plan. To control economies with a common currency. Fail?

Centralized financial institutions always look for reasons for criticizing bitcoin. After a drop on the price of bitcoin, fiat experts start to talk about how much investing in bitcoin is risky. We see very high fluctuations in traditional financial markets and nobody even gives a proper explanation. They only try to destroy reputation of bitcoin. But we haven't see them to say something about or criticize traditional financial systems that are under influence of manipulators and speculators.

And then after a few months we will soon find they are adopting it and just bought before he says that hoping for a FUD. That's an old style that can be obtained in anyone in financial no matter how big of a name he is.

If we look at other markets, we see that they, too, began to fall. Not as much as cryptocurrencies, but still. This indicates the mood of investors in general, in the world.

anytime btc falls there will always be hate. gotta stay strong through this crypto winter

It was obvious that any bank representative would have a hate attitude toward crypto this is why I'm not surprised why the ECB executive board acted no differently.  As to BTC becoming so volatile is beyond annoying.

I think negative thinking about bitcoin always be there all the time, and they think that bitcoin is a threat, and they are also happy to see the price of bitcoin fall.

but, I think that the price of bitcoin will recover again in late 2019, and 2020 is the first step for bitcoin to create an uptrend again.

They have hated bitcoin after seeing the divine potential of bitcoin at the expense of their banking system and i know drop ditch will not be a grounds for them to raise mmore voices but rather hoping hoping for an increase soon to silence them all. NO matter who and how they hate bitcoin we survive and make impacts.

It seems to me that the answer is in his position, just look at it - the executive board of the European Central Bank. What else could he say?

I have no doubt about bitcoin that in the future it will be able to recover, but to recover the value of bitcoin time and it can't be immediately, in Q3 2019 I think bitcoin will increase by around 6k.

Its quite acceptable but we are looking for more prices to be increased at the first quarter of 2019 and for the we can already see that the prices looking bumps which maybe the catalyst needed to induce the bull run,hopefully.

There is nothing surprising that banks do not like Bitcoin and cryptocurrencies. They see Bitcoin as a competitor for themselves. They fear losing their customers.

I want to ignore any negative news, and I always hear it from people who are full of fear and they panic. I am optimistic that the decline in bitcoin prices is normal.
and it's time to build confidence because the market is rising again.

Its sad that a lot people do not understand the purpose behind the creation of Bitcoin. Once people don't understand something, they try their possible to spread false speculations. Its high time people in the crypto space show the world the benefits Bitcoin presents to the financial ecosystem and the world in general.

Since banks can print how much they can and socialize cost on others "fiat" is safe.
But overtime purchuasing power of that fiat money will vanish while bitcoin should stay where it is.

Current wave is most beacouse price drop 20k>3.5k so when 80% people on market loose money they are angry.
But noone forced people buying into FOMO.

I wouldn't be much worried about that. You have to know that many people have lost their money and because of that they blaim Bitcoin. But they forget that no one has forced them to buy Bitcoin at high price and that they had to inform themselves on everything and accept the risk. It's classic situation of blaiming someone or something else for their failure.
Many look at Bitcoin only through price and profit which is completely wrong from my point of view. So there will be always those who will dislike Bitcoin but as well more than enough those who support it.

We have seen so many attacks before, so this one is not new to the ecosystem. As for the effects, maybe, but I don't think it will put a dent on the price. The bears is at new exhaustion at this point so I'm not expecting any more dumps from any negative news like this one.

Many think Bitcoin is a wave of heat, hostility, world economic crisis, but that all life is not reality,
Evidence is now a lot of successful bitcoin users from 2008 to 2017, indeed it is currently falling but that is not a phenomenon with bitcoin.
I'm sure bitcoin will make people in the world more successful and prosperous.

Evil spawn of financial crisis or an escape from bankers trap? Bitcoin has a limited supply however fiat can be printed unlimited without our knowledge. Bankers can say whatever their negative thoughts about crypto but they're not talking about the dark side of paper money, they hate what they can't control that's the conclusion.

Bankers will always lash the bitcoin, since it has the full capacity to bye-pass the traditional banking system and still stay intact with low transaction fee, without anyone telling you your cash is currently unavailable. Anything that appears to be a threat to the traditional system must be resisted. How long can they go, is subject of time.

Banks were just doing their thing

Which they have always been doing. Please keep in mind that I don't try to somehow justify the banksters or anything to that tune but if we cut the crap and face the ugly truth, it is not banks or banking industry as a whole that our retaliatory wave of hate should be directed to. It is relentless and reckless consumerism of common people which is the cause of the evil and which is to blame here. Without it the damned banksters wouldn't have been able to lend so much money which people were not going to return

I do not expect the European Central Bank to give positive appraisal to cryptocurrency. So it is not strange for any of them to make negative comment. Let us focus on building and making the ecosystem strong to the extent that no amount of negative comment will have effect on the ecosystem.  

Recovery of bitcoin will happen without doubt, what needs to be thought at present is about the time period. In the past several such heat waves have got generated when top developers of bitcoin came with some negative news about bitcoin. This is quite common, and bitcoin have overcome several such waves. This time it isn't new, and surely the growth will take place at the earliest.

Lol, an 'evil offspring of the financial crisis'! This is the saviour for protecting us normal people from the next financial crisis. Bankers and corrupt governments no longer have control, it's economic power to the people from now on

I usually view these types of negative sentiment releases as generally positive, I wouldn't expect the owner of the horse and carriage company to endorse motor cars unless he has a stake in both.

A lot of TA groups and friends I have say the bottom is nearly in, but I generally wait for the halving period for the real bull runs.

Bitcoin price doesn't depend on bank's minds. If they all hate bitcoin, why most of them bought crypto-exchanges, or cryptofunds. On mass media they talk that they hate bitcoin but after that they buy it.

That is there strategy to encourage those panicking people to sell their coins and taking advantage on it. Crypto is now a huge market and of course many were having interest towards these.  Banks will move to accept the system as digital currency is widely used for now including billy's payment which they can also benefits from this.

Everyone should get used to it when there are financial institutions giving their opinions on how bitcoin was. It's the reason why they have to give an opinion about it and tell the people on how bad it was because it can be their potential competitor that would pull off their customers.

One day you'll see on how these banks will talk about the potential of bitcoin and on why everyone should buy it. Because it will be the time when they are done accumulating and they are ready to wait for the rise of it's value.

Institutions hate bitcoin for the same reasons taxis hate uber.
Buttcoiners are mad they didn't catch the train.
And some of us are legitimately concerned that we're celebrating things that were easier 10 years ago and LN is still not fit for purpose.

From a cryptocurrency enthusiast point of view it is disturbing to see that most countries central bank are feeling treating about bitcoin.
I don't think they can do anything against bitcoin or cryptocurrency the system is decentralized and not within there reach

The wave of hate was here since 2011 when people belive that bitcoin hitting 32$ was the biggest bubble in history but the truth is that something similar with bitcoin has never done before so comparing bitcoin with a bubble or a ponzi is inappropriate and you should have learn until now that bitcoin is here to stay.

No its not just a strategy but that is true . many banks do really hate bitcoin because they think that bitcoin is a big threat to their business . they see that people are using bitcoin as an investment . sooner or later , people will refrain to use bank because they cant earn huge interest on it and they rather switch on bitcoin  .  not only they can earn big return , they can also ensure that their money is safe because they hold their own wallet .

no wonder the price suddenly drop a bit. this is old news though of course banks hate it everyone knew this already i don't think they can influence anyone to sell this time when everyone had already sold their coins. ECB is too late for the fud. there ain't nothing to fud anymore JPMorgan and all had done it before them. everyone in crypto already knew banks hate cryptocurrencies.

Of course they would throw hate and negative comments about bitcoin because they see it as a threat. They want it to go down so they would send hate and probably brainwash other people.
Regardless of the hate they continuously give, I know bitcoin will recover soon. Let's be optimistic and don't mind all those hate.

Bitcoin will not promise anything in return, it depend upon how you view bitcoin, if you want to see it as a store of value, then if you invested at the right time and have the patience to wait for the long term, your will be prosperous and successful rather than panicking whenever the market goes down, if you see bitcoin as a currency then it gives your financial freedom throughout the world without any restriction. It all depends on your perception on how you want to view bitcoin.

I guess there will be many more that will hate bitcoin and they will spread more bad news to the public. I think they are jealous of bitcoin because people were now thinking to search for another solution to solve their financial problem. And fortunately, people find bitcoin can be a new solution for their problem. I am sure bitcoin will recover soon because bitcoin is not weak as we think and no matter if there is more bad news which will come, bitcoin will recover again.

The banking system has always been and will be negative about cryptocurrency, because cryptocurrency is a rival of this system and not even as much as bankers, from whom it takes a part of the previous profit. A wave of hostility to cryptocurrency will only fall when states legalize cryptocurrency. However, the negative attitude of bankers to cryptocurrency will always remain.

It is not that simple

Indeed, banks are earning by taking fees on fiat transfers, so if people stop using banks for this purpose and instead start using Bitcoin as a value transfer vehicle, banks will be losing profits. On the other hand, Bitcoin opens a lot of other earning opportunities for banks as well. It is just a matter of adapting and adopting the technology. Banks have expertise, qualified personnel, available infrastructure, so unless they deliberately choose to do nothing, they can still be among the first to the party

In most cases the hate is from the banking industry, because every year the large scale transactions have begun to happen through cryptocurrency. To overcome this banking sectors have begun to adopt the technology and create their own cryptocurrency. The truth is that financial institutions around tree world have made investments on cryptocurrency through back door to avoid criticisms.

It doesn't generally strengthen it is progressively similar to adjusting to the new world and the progressions that are going on in it so your speculation doesn't vanish medium-term since you would not change. Banks will without a doubt get on board the bitcoin wagon in the long run regardless of whether they are opposing at the present time.
Also that the majority of them are concealing any hint of failure face in light of the fact that the legislature has restricted them from engaging with bitcoin so they are stating unfortunately they would prefer not to not that they need to purchase they are not permitted.

Yeah very funny, they always scare the people hell out of it and gives those choice of words always against to bitcoin. But the trend setting is changing and we've seen a bank that starts to love crypto and even created their very own crypto-type currency. I say it crypto-type because some claims said that it shouldn't be called cryptocurrency. I'm sure that you know what is this bank that I'm talking about and it's already on the news, it's funny their CEO called bitcoin a fraud and now where he is?

Don't expect bankers to like bitcoin. That's like cab drivers with dirty cars and government-mandated monopoly liking competition from Uber - never gonna happen.

bitcoin cannot be destroyed by world banks, because the existence of bitcoin is very dependent on business people who use bitcoin. so if we observe the market that will determine the fate of bitcoin. if we see countries affected by inflation that are very high such as venezuela and other countries their entrepreneurs start using bitcoin in every trade between countries, because they consider bitcoin to be safer and accepted in almost all countries. so in the future the fate of bitcoin will remain good, because it can be an alternative currency.

Analysis like anything will not change BTC into the brink of collapse, because now the BTC position is good and if BTTC is destroyed I think it is just an issue that makes the atmosphere bad. You don't have to believe it and BTC will definitely go up.

I think the price of bitcoin will recover until at a time limit that we cannot determine, for 2019 maybe bitcoin will grow slowly meaning that it will not grow as fast as we expected, this's due to a prolonged decline like what happened in the year 2018 until entering the first quarter of 2019. So it's very reasonable if the wave of hatred grows in the minds of investors who have long been tired of waiting for the recovered bitcoin price.

Jamie Dimon, the chairman and CEO of JPMorgan Chase, has been doing this for years and now suddenly his company are bringing out their own shitcoin. We seem to make enemies who admire us so much, that they need to copy us to stay competitive.  ;D  The central banks is not in any way different to any normal Bank out there, they know that fiat currencies are failing and that Bitcoin has a huge advantage over them. <Bitcoin solve inflation problems / Blockchain technologies are more flexible / Bitcoin is borderless / Cheaper to use etc.>

Let them hate all they want. We laugh at negative comments from our competition, because it's origin is based on jealousy and greed and also panic.  ;)

..Bitcoin have gone so far..as days passed by,,Bitcoin suffers through a tremendous cynicism that causes distrust to the public..but this is not the hindrance for Bitcoin to achieve what it have now...the invention of Bitcoin gives treath to many banks to get rid on it..but that is the criticism and opinions of many so we should respect it..if we will defend and believe in the power of Bitcoin and on what it would give it to us,,then all these bad comments,criticism etc will be replenish by a good thoughts and positive trust to the public.

Really bad news when we faced with many most important people still keep hate with bitcoin and cryptocurrency, how ever bitcoin is really higher best option for investing at the future asset and always have chance for getting profit.

everyone expect btc to immediately get a bull run. but to lift BTC from the current crisis is from BTC users to be able to invest and pump together. By pumping BTC I think it can increase the price of BTC. but what must be avoided is the whale. who are looking for profit but instead dumping btc price.with the current BTC crisis. I would not be surprised if many people or news office reported negative things. which made investors hesitant.

Banks never supported cryptocurrencies from the beginning and they will never support it in future because use of cryptocurrencies will leave conventional banking system useless.
This heat wave is not new one, it is old heat wave with new heating techniques  ;D, they are trying their best to decrease the popularity of cryptos among public.
Cryptos are not related to this banking system, so there will be no effect of it, and soon bitcoin will recover the price.

I think bitcoin will recover soon in 2019, since the birth of bitcoin there have been many haters, but bitcoin is still growing and never dies. Bitcoin will be the future in digital currency, we'll see

It will recover but I don't know when, I think bitcoin is not an evil offspring of the financial crisis, bitcoin has helped so many people to change their life to be better, right? Don't hear them, hater gonna hate.  Almost all of countries have debt, the crisis is happen when people use fiat money not bitcoin.

That's funny, because with debt levels soaring among EU countries, and with the Brexit issue, many are questioning the viability of the European Central Bank and the euro. I think the ECB has bigger fish to fry than bitcoin, and I don't think bitcoin poses a risk to the euro in the near term. I think there could be a worry among central bankers as to whether it will become a significant competitor maybe five or 10 years out.

hatred is very influential on the price of bitcoin, but I still strongly believe in the price of bitcoin to recover with a better price.

This seems very logical. Banks always find a way to hate on bitcoin since they don’t like how much they are loosing their control over people and their finances. I do hope though that in future they’ll find a way to work together. I mean, they’ll have to, since times are and will be changing.

The negative statements are making the image if Bitcoin taited to the public - yes.

But

The financial institutions relentless fighting and hate towards bitcoin and altcoins, could actually be a sign that we are gaining more and more traction.
It's obvious that financial institutions are gonna fight a new technology that threatens their businessmodel. A technology that gives the population power to avoid the expensive and slow shit services these institutions offer.

All that is needed is the spread of this consensus to the general population - unfortuneately institutions like ECB has an easier channel for spreading their narrative, but we have the superior tech :)

The main point that an opinion of such well known and powerful bank may has influence on bitcoin users and possible users (people who didnt join crypto yet). I do not understand why such big institutions as central bank sees only bitcoin's disadvantages? What about fast and cheap transactions and extra income?!

Yeah i agree. Unless they really believe these statements will shut btc down, i don't think they see it as that big of a threat yet. Though they probably know it will eventually. There will come a time when banks will stare face to face at a crypto revolution and big bankers are probably issuing these kind of statements to prepare for that time.

Opinion is okay with the analysis of their version, but the fact proves that bitcoin has started to detach from the slump which resulted in speculation that bitcoin will be destroyed. Bitcoin rose again and prices in my country today are USD 5222, certainly a happy sign for bitcoin owners.
Indeed many economists and large institutions continue to corner Bitcoin, even saying bitcoin is a financial system nightmare that exists today. They don't want to admit that bitcoin has been used by many people in the world and merchants everywhere, even countries that have legalized more than 130 countries.

I think, this is old news, and Bitcoin can avoid any negative intervention from outside. there are many countries that forbid BTC transactions, Colombia banned BTC, because the fear of crypto fraud, the Indian government banned BTC because the fear of being used for criminals, Indonesia banned BTC because BTC is a bubble and will only create a loss. but the reality today, BTC will create a golden cross in the near future. BTC will rise again.

I did not mention that somebody hates Bitcoin. People can refuse to use it and invest in the cryptocurrency, but I guess, they do not show their emotions doing it. Simply traditional money seems to them more convenient.

Bitcoin is part of Blockchain thus meaning it has been proven a dozen times that life itself can be helped out with such new virtual technologies.
People are starting to understand and believing that Bitcoin is in reality something that can change their lifes in the upcoming years.
We are already more new investors, adoptations, government acceptances and actions.

It's just a matter of time till we reach the full 100% usage in the real world.

although there are many negative news or notifications about bitcoin from any party, but I still strongly believe that bitcoin will recover soon.

Don't worry mate, no matter of negativity can kill the use of bitcoin and it hopefully the price of Bitcoin would increase later within this year. This is not the first time we have heard all these negative remarks about bitcoin yet BTC still thrives.

A good addition
Lagarde have a great deal of weight and may have a positive impact on the future in terms of bitcoin consideration by bank officials
In general, the banks war on bitcoin  continues and will not end with a knockout
There will be a convergence point between the two sides that will allow bitcoin  to be adopted internationally and for reasonable gains for banks as well.

Usually people hate what they don't understand or what they cannot afford mostly to prove themselves that something does not worth the current value.

The same is happening with btc. If you really believe btc has a bright future, then just ignore the haters and fud they spread around.

or what they are afraid of.
being unregulated crypto will not be that much popular and most of the people will be afraid of it.

Since the time when Bitcoin appeared and began to gain more and more attention, its opponents began to appear beside its supporters. Initially, bitcoin was based on the other worthies, but over time it was transformed. The attitude of society to bitcoin is also significantly different today and, for example, in 2010. Therefore, this is not a new wave of hatred, this is a continuation of the confrontation between supporters and opponents of the first cryptocurrency.

Yeah even when i like to preach in favor of the technology this is truth of course.

Some people just don't care about it and don't see a reason to learn something new that it's not really that widely used and they are right in that part if you see it from their point of view.

That is why the more merchants that accept it, the better it will be for the future of the currency.

It was a sad story in 2018 when the market fell sharply, and the enemies of Bitcoin were turning it into shit. But now that we have passed Q1 2019 and Bitcoin prices are recovering very fast in the past few days, I believe why do we have to think in the stupid statements of joint banks?

Neagtive feedbacks, article and news to other country,  website or any company about the bitcoin nowadays is a normal for me I think they want bitcoin destroy so they will do their best to not become more successful the bitcoin because in the first place they want to destroy for their own sake so the people trust to them and invest and keep the money of the people in their company.

Representatives of banking institutions will always be dissatisfied with the decentralized cryptocurrency, because it takes away some of their customers and therefore takes away profits. This will especially continue until the state has not fully legalized cryptocurrency.
Interestingly, bankers agree that the cryptocurrency arose as a defense against the global economic crisis. For. Cryptocurrency can also be an evil spawn of an economic crisis, but people do not think so.

Well, they see it as a competitor, so they hate it. Everyone hates their competitors, and will say everything against them so they will win. Sad thing. Those few that will cooperate and adapt to it will be the one that will shine the brightest.

I agree. The most successful businesses are those who aren't scare of the advancements that happens. Example are facebook, google, and etc and it is obvious how they still at the top of the world even though they have many competitors. Adaptations.

Agree. Me myself is the living testament of this. Before I always depend on my parents. It is a pain in the eye to me seeing us living in a poor life. I am a student and I consider doing sideline jobs, and my classmates introduce me to bitcoin. So I join bounties to earn money and I earn. I have help my parents and my family because of it, but there's a problem, after that rise in December bounty campaigns for now is not that profitable. I adapt to this situation by trying to do other things not just bounties. Thankfully, I have been introduced to trading. I study it, find the best site (https://darbfinance.com/?=crowd) or should I say perfect companion in trading and when I say perfect companion I meant that the site has very fast speeds and no currency risks. Then there you go! I have found the solution to my problem and it is trading, I have adapt to changes everything even though I am afraid at first. Same goes with banks. They shouldn't be afraid to these advancements and they could actually adapt it like what other banks have done. They don't need to tell bad things to it and instead they can cooperate with it.

What you are trying to earn yourself is very good. I do also. Cryptocurrencies give many people the chance to change their lives for the better!

I'm not sure if it is really so

I'm not even sure if the bankers you refer to actually agree on Bitcoin (as it is the only cryptocurrency which can be loosely considered that defense) having been created for protection against financial and economic crises. In simple terms, it still remains to be seen whether it will ever live up to that function in case there is a real economic meltdown coming about. Being mostly a speculative asset, it is a plausible assumption to expect it to crash along with many such assets in an economic crisis. But maybe that's not what Satoshi envisioned after all

the cental banks will hate btc offcourse, btc is a huge wall ınfornt of their control system, they can not control bıtcoın, they afraıd to get in system because they are too late, so they hate it :D and they try to create an alternative to bitcoin so they can control cyrpto world, but the facts will not change, even they create a real alternative to bitcoin , btc will still have a good value and demands, because lots of people doesnt want to use these fuckers control system, and the world is changing,

This is just for news i think.Go on and research for bitcoins graphs every year every year people look like that they hate bitcoin by dumping its price releasing so much fuds news that will cause price to go down.Its just a normal situation where someone/something makes news to make people feel that bitcoin is bad

Bitcoin is all right. Probably, its price could be a bit higher now, but some false news and rumors do not let it grow. Still, many people do not trust cryptocurrencies and think that one day, they can vanish.

Bitcoin is recovering with stability, and negative fluctuations are less likely to occur. I believe this is the time for Bitcoin to make every investor crazy again. I am an investor, so I believe Bitcoin will soon reach the price of $ 20,000 that it once achieved.

That's the indicator of bull...  :D

We will see more hate waves in the following months. Hold tight!..  ;D

That's right!How will the banks rage when bitcoin flies to the moon again. 8).Units regret having entered the crypto world.Basically, all the early Bitcoin holders wanted to spit on central banks. Our new bank is Bitcoin!I transferred all earned coins to bitcoin and therefore I have a lot of optimism. 8)

That is great for new people to jump in the market and invest. To probably become holders and put their small part for the future of Bitcoin and all the benefits it and the technology in the background can bring in the future for humanity.

It is really an opportunity while Bitcoin matures and more people/business start accepting it, more than something particularly bad.

Hey what you blabbering now. Acutally this thread open last year not now. That time price was keep on falling from the 6k USD to down and down, but currently market seems growing all recovered and we do not need to reply such thread I believe.

Why you can sign up with Bitpay or Coinbase for the bitcoin debit card if you are from European region.

There would always be hate in everything, everyone. We cannot remove that. What we can do is ignore it. It is because even though we everytime insist their claims, there would still be hate. Again, just ignore it. Let them be. Example is me myself before, some of my friends tell many bad things about what I am doing which is trading because they said that it is very risky and I might ending up losing money, but it is not true. When I have know the darb exchange (https://darbfinance.com/?=crowd) and have know how to trade there because it allows me to trade easily and it also helps me do my transaction in my businesses, I have prove their claims wrong. But what now? They still said that my decision is a bad decision because they insist that hodl is better, but what can I do?

There will be many occasions on which btc will be criticized however who cares if it’s still here and doesn’t look like dying at all. This is just filthy speculations.

Bitcoin has always been the courted bride of the cryptocurrency industry. So, we should expect this kind of negative vibe from time to time. But I don't think such can drag it down. While growing up as kids, we knew a tree with delicious fruits by the littered stones and sticks around its stem which must have been thrown at it by those seeking to devour the fruits on it. This is the same situation with Bitcoin. Those who bad mouth Bitcoin want a price crash so they can buy in through the back door.

Can we pause and think for a moment? don't you think that we are the one spreading this hate you are talking about? how do i mean, do you no that this post of yours have been read for more than 6557 times? while the so called 'hate speech' made by Benoit Kerere from the executive board of the European Central Bank (ECB) may not have gained such attention, Benoit Kerere's speech can best be described as a propaganda which you are helping him achieve its aim. can we employ a silence strategy! one day banks and crypto shall work hand in glove.

Why should we keep mum about it though? I mean it someone is attacking you, would you keep silent about that? I would agree that sometimes prudence is a better part of valor, however, if the attacks is false then someone should stand up and correct those wrong statements, imho.

I wouldn't be so sure. Not every attack or bad news spread by others on Bitcoin is a sign of bull run.
It's funny how people are trying to find bull run in every single details and so far we have seen so many annoucements about bull run begininig but we are still not there. This is still only a phase of positive correction.

For supporters, we can't do nothing but to continue life, can be a bad or good indication let future declared what will real deal behind, news like this should be taking care with good judgement, don't panic much but continue to keep observing the trend, we are still showing good and this industry still surviving, there's a need of deeper understanding so you can decide accordingly.

So if bitcoin is the offspring of the 2008 financial crisis, and is thus supposedly bad, what does it make the actual progenitors of the financial crisis? This is like someone with a cut calling a bandaid names, rather than focusing on the cause of the cut.

To some extent you are right, but in in most cases the community need to be informed about the activities of the big guys in the traditional financial system who are trying by all means possible to discredit the credibility of bitcoin, could you imagine a well place individual such as Benoit kerere an executive bord member of a central bank coming out to say bitcoin is an evil that taking advantage of the financial instability of the financial system, but in the real sense bitcoin is offering solutions to this financial crisis they created for the whole financial system.