JP Morgan will say that they do not recommend X until they are the owner of 5% of the X in the world, and then they will say X is supercool. Why do we bother to listen to investment banker´s recommendations?
JP Morgan is no different from the other banking cartels and they want everyone to remain under their control. Bitcoin allows the common people to transact and store wealth on their own, and this affects people like the JP Morgan executives negatively. JP Morgan had previously made a few predictions about Bitcoin. Back in 2017, Jamie Dimon (the Chief Executive Officer of JPMorgan Chase) claimed that cryptocurrency was a fraud, and it will be crushed by the global governments soon. And less than two years later, JPM came up with their own cryptocurrency, called JPM Coin (which obviously was a failure). Yes, it is very clear their way of thinking with their ever-changing statements. Whatever the statement will always want their own benefit. Their track record is so long and has many cases to make me always sure, the mindset of a banker will always be "the mindset is only about profits". They just don't want to feel disadvantaged by FOMO. Because in recent days, BTC has reached its highest price in history. |
|
|
|
|
Hello, I hope your country's condition will improve soon. My current condition is not in lockdown, because my country does not enforce it in my region but only in other regions of my country. It must be very hard with the lockdown conditions that you experience, the government in my country seems to let the spread of Covid-19 just like that. Because for my country, lockdowns are not the solution to this pandemic, the impact resulting from lockdowns is far greater than the impact of the disease itself. Those who were attacked were not only physically but psychologically as well. So what only applies in my area is the application of health protocols only.
|
|
|
|
So what the heck is that? Why they don’t understand we don’t want centralisation in the first place and that’s why we are using the bitcoin. LOLZ
They are making jokes by making digital coins centralized. But I still admit that they have their own market, namely the common people who always feel safe with inflation. LOL. Those who keep saving in the bank and think their money is fine. Even though its value has been lost to inflation. Crypto will continue to prosper in the future, it is very clear how many large companies are increasing the popularity of crypto significantly. I really don't care about the news of the central authorities starting to make crypto-related bans. |
|
|
|
|
If you look at the current economic development controlled by the Central Bank, it is very possible that inflation will be very severe in the future. So much fiat money circulating in the world, so that the issuance of new money for stimulus can cause hyperinflation. This condition makes BTC a part of the best investment alternative today. The concept of Bitcoin that defies Central Authority becomes a tool to fight inflation. JP Morgan is currently only worried that if many big players own BTC, then there will be a possibility of short selling in the future and causing BTC prices to drop. They only dampen the hype in society.
|
|
|
|
Of course they would. This is because more and more big names are deciding to side with crypto currencies, particularly bitcoin. even mastercard is planning to jump in. we can only expect more good news to come since a lot are sure to follow with this trend since after all, it is always about competition when it comes to big companies or personalities. Which is why I think that we will be seeing more green and more increase in almost all of crypto currencies present since none of these big names or companies would want to be left behind.
News related to large companies that are starting to look at Crypto continues to provide a positive stimulus to its price. If measured from the beginning of 2020, the Bitcoin price increase is over 600%. I can't imagine how rich the humans are who keep holding Bitcoin up to this moment.The increase in the price of Bitcoin is inseparable from projects carried out by Paypal, visa, MasterCard, and others. This makes it highly likely that this is not an apparent price increase but is in fact. |
|
|
|
Unfortunately, my prediction is confirmed ... Therefore, everyone needs to accept this situation, otherwise it will be very difficult. You cannot solve the problem without accepting it. Only by accepting reality will we be able, perhaps, to develop some new principles of life, doing business, before a global change in the situation.
And what do virologists say about the development of a natural "broad" immunity in humans to Covid19 and its strains? Otherwise, it turns out that the effectiveness of vaccines is low, and people will get sick with this disease many times. But on my own I will say (I myself have been ill with Covid19) - I'm not sure that even a healthy and strong body will survive 4-5 infections, with the extreme temperature and intoxication of the body
The vaccine, which is said to be effective in curing Covid-19, has not been able to reduce the number of infected. Health protocols are always being violated, and the case graph continues to increase without decreasing, the increase in cases is always accompanied by a lack of awareness. Sometimes I am also confused why in my country it is so free. Hospitals are full, and medicines are running out of stock at pharmacies. So terrible what happened at this time. |
|
|
|
|
This is also a good move for crypto because the listing of the Coinbase company on the Exchange indicates that this company can be owned by many people. Being an open company has many advantages. Because we can see how the company management is good. With this, stock players who have not entered into crypto can begin to get to know the performance of crypto companies from their listings on the exchange.
|
|
|
|
|
Although it is legitimate to feel like a fake bull, we can see the basic reason why crypto prices are soaring. As well as starting to expand the market that accepts Bitcoin, large corporate companies are starting to openly buy Bitcoin in very large amounts. This makes the market think that the future of Bitcoin and other cryptos is very bright. So that the number of requests in the market exceeds the number of offers. Naturally, the price would skyrocket to over 40k USD.
|
|
|
|
|
If you see how Paypal sells their Crypto service, it seems as if this is part of a scam. Another possibility is that these are only the initial stages of maintenance which are still in progress. As long as no one feels cheated by their services, there is no accurate evidence regarding the fake crypto they are selling. The data is that Paypal users still feel safe and secure with the services provided by Paypal so that's enough so far.
|
|
|
|
No one is saying that cryptocurrency is not money, it’s the same as fiat, they are both can be called money, but there will always be a difference,which is the thing you pointed out at the beginning of your article, that fiat is approved by the government which makes it the official currency and every country has theirs. It is just like Gold, Silver and other precious stones and metals, they are all money too, but we don’t use them, rather we are making use of fiat which is the conventional currency.
So, cryptocurrency is in the same category with gold and other stocks or assets, but that doesn’t make it anything less, you can still use it for transactions since it’s accessible to everyone around the world. But, indeed there are people who hate cryptocurrency, and that’s because it baffles them, so they don’t like it. Finally, cryptocurrency is not bad, these people are just don’t understanding it.
Although many people here think of Bitcoin as money, there are also some who think of it as just a valuable commodity. They keep it like gold, and gold is not money. Money is a medium of exchange, but gold does not have a role as a medium of exchange, it only has an investment motive. Bitcoin in some countries is only legalized and considered a commodity, so for me personally Bitcoin is still money and at times its placement is more inclined towards a commodity. That's the difference with fiat. |
|
|
|
Most people are just following the trend and they couldn't even notice that those influencers are starting to manipulate things because of their followers. We should have our own principles and decision especially when it comes to investing so we wouldn't have regrets in the future and we won't blame the influencers that we're following because of our actions.
People who always blame other people are the kind of people who will never succeed and always become followers. Elon Musk is just a human who only shows what he thinks. Why is the market responding so busy? because Ellon is a pioneer who never blames others and becomes a successful and powerful person. Learn from this trend, learn from Ellon to be powerful and learn not to be a follower. |
|
|
|
I think the $1.5 Billion Bitcoin buy is not the best news, but rather the fact that they are saying that they might start accepting Bitcoin as a payment option. A lot of people want Bitcoin to be used as a "Currency" and not as a "Commodity" ...so this will be welcome news for them.
The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)
The fact is, Bitcoin is made a commodity not as a currency. Even in my country Bitcoin is banned if it is used as currency and is only legalized as a commodity. We can also see data that the Bitcoin circulation circulating in the market is only a fraction of the total that already exists. Isn't this very clear, someday when they don't think of Bitcoin as a valuable commodity they will just throw it away and cause Bitcoin price collapse. |
|
|
|
|
Economists will continue to provide their predictions regarding current conditions, even since a few decades ago. But the fact is, our economic system which is regulated by the central bank has not experienced its collapse in hundreds of years. Sometimes I half believe what these economists say, they can casually change their masks that initially voiced economic collapse due to the continuing crisis and then behind the scenes they still support the policies made by the government. I never fully believed. Maybe because I'm not an ambitious person so my life is flat and thinks everything is fine.
|
|
|
|
As they say, big risks, big rewards that's why most people who risked in investments made more profits in this industry but of course in a good way possible and with deep research and decision making, possible big profit outcome will be the results.
Of course, without analysis they probably wouldn't have taken this risk. These people, in my opinion, have enough experience in market situations that they dare to take off their hats in the hope of making a big profit. However, not all risk takers are successful on this investment, there are times when market changes are not as expected, although in some time it will recover. People shouldn't bet on trades just hoping that they will get a lot of money from the risks they take. But don't make a mistake, there are also many people who dare to take risks without any planning, for example, they are gambling investors. Being a gambler, they only dare to place very high bets for high rewards. Even though they know, gambling will not make anyone rich. Their stakes are sometimes not basic, making me believe that not always people who dare to take risks will achieve success. But still, from a fraction of the number of gamblers, there are still those who achieve success in that field. And this is what makes the indicators of success become blurred. |
|
|
|
|
Today is a history for Bitcoin because its price skyrocketed to its highest point. I wonder what will happen when the big companies that have bought Bitcoin sell their assets. The going market is much worse than the previous year. But that is all only a small possibility, because right now I am sure that it will still have an even more valuable value. Because many people are aware, that the only investment that can fight the banking system is Bitcoin, so Tesla is only a group of companies that have taken an important part of the upcoming economic changes.
|
|
|
|
In my opinion, Bitcoin cannot help the poor.
Poverty is, on the one hand, the strength of external circumstances (unequal starting conditions), on the other hand, it is erroneous beliefs, laziness, lack of education. If a person does not have the desire to learn and overcome life obstacles, then Bitcoin will not be able to improve his social and property situation.
Bitcoin is a virtual decentralized money that allows transactions without intermediaries. Not everyone needs it.
After reading about effects of bitcoin in Africa; and also the after effect after it got banned in India and Bangladesh; i have to conclude that bitcoin helps the poor. In countries with poor gdp and high rate of unemployment; crypto currency has been a direct source of employment for people; through writing, promotions, video marketing and more; it has even improved the lives of many; taking bitcoin away from such people only make them poorer. so yes bitcoin helps alot Also; poverty is not about laziness or lack of education; a government policy can send a rich man business into ruins and poverty. I don't think that Bitcoin will really help poor people in Africa. In fact, even though there is Bitcoin there, the per capita income level of the African population has not increased significantly. Those who are successful in using Crypto are not really poor people, but rather become middle-class people. How do you say Bitcoin really helps the poor. I can't think about it yet. Try to straighten out this thought first based on data and facts that are clear and detailed, not just opinions. Because anyone can have an opinion, right? However, if the opinion is accompanied by data, it might be more interesting. |
|
|
|
bans will always affect bitcoin adoption, but bans by the government not when banks close their users bank accounts. the later is what we see most of the time and is referred to by the media as "ban".
regular people will never buy bitcoin if it were banned by the government and the existing adoption may stop buying too.
The freezing of accounts carried out by banks for crypto ownership will have a very heavy impact on investors who will convert them to fiat. Especially if my country enforces the same. Maybe I could stop buying crypto because of the serious risks. And this will close the path for ordinary people to use Crypto, because no bank wants to convert their crypto to fiat, as if crypto is considered worthless. This is the cruelty of banking which is a centralized part. They will manage whatever they perceive as a threat to them. Crypto will break the notion that the economy will always be governed by banking economists. And this is the reaction of those who are disturbed. |
|
|
|
This also means that most of the big banks were WRONG on crypto a decade ago. They knew it was a competitor and tried to kill it early through misinformation.
Now central banks around the world are starting to busy making regulations on crypto rejection because they feel competitive and consider crypto a new threat to the financial stability of the country. But I also never just believed these billionaires to honestly name their portfolios. I am not interested in what they say of the world's rich. Because they tend to have the opportunity to become crypto whales themselves and use statements to fry the price so that their investment continues to go up and this is a way for them to always be rich. Making a fool of the poor who are always followers. There are many biographies I have read and I do not fully believe in their way of life. |
|
|
|
|
Show Posts
