Bitcoin Forum
August 15, 2018, 01:55:15 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Morgan Stanley  (Read 517 times)
rickgejr
Sr. Member
****
Offline Offline

Activity: 250
Merit: 250

That is real, which makes a difference.


View Profile WWW
July 15, 2017, 01:00:41 AM
 #1

In response to an article negative about bitcoin...

https://thecryptopapers.com/2017/07/14/morgan-stanley-bitcoin-a-poster-child-for-speculation/

It just ticks me off.
1534298115
Hero Member
*
Offline Offline

Posts: 1534298115

View Profile Personal Message (Offline)

Ignore
1534298115
Reply with quote  #2

1534298115
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
iamTom123
Hero Member
*****
Offline Offline

Activity: 490
Merit: 501



View Profile
July 15, 2017, 03:39:59 AM
 #2

Quote
Morgan Stanley is the sixth largest bank in the United States. Banks take our fiat dollar deposits and create more fiat dollars — out of thin air.

In my personal point of view, it is just a waste of time and effort trying to counteract anything these banks can be saying against Bitcoin. This is not their forte and they should not pretend to be experts especially the fact that their own industry is not that perfect and many times in history led the country into economic turmoils.

Bitcoin is far from perfect, that is something we have to always understand. It is in fact right now evolving and as to where it is heading nobody can guarantee that as it is decentralized and there is no single being on this Earth who is the spokesperson for Bitcoin.

Bitcoin is still very young and it is still a story being written. Unfortunately, banks are not given the control for this story. Yes, they can ever join the bandwagon and take advantage of the possible profits to be churned but these banks can not be in the driver's seat. Not anymore.

No wonder that with something they don't fully grasp they create many scenarios so people would doubt and would start shying away from Bitcoin. Certainly, it is the bank's own right to do since we are on a democracy and it is all up to us here to just laugh at them.
funkenstein
Legendary
*
Offline Offline

Activity: 1010
Merit: 1010


Khazad ai-menu!


View Profile WWW
July 15, 2017, 05:23:09 AM
 #3

In response to an article negative about bitcoin...

https://thecryptopapers.com/2017/07/14/morgan-stanley-bitcoin-a-poster-child-for-speculation/

It just ticks me off.

What bothers you?  It seems mostly on point and Gresham's law would agree that the more sound currency will be hoarded speculatively until that point that it is forced to come out.   

To nitpick the article, it says "We are required, by law, to use this debt based system."  This is not exactly true, legal tender law only requires us to accept the funbuck in the case of a debtor who only wishes to pay us with the funbuck.  This doesn't mean we are forced to use them.     

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
July 15, 2017, 05:28:05 AM
 #4

In response to an article negative about bitcoin...

https://thecryptopapers.com/2017/07/14/morgan-stanley-bitcoin-a-poster-child-for-speculation/

It just ticks me off.

It might very well be, but there is nothing to be ashamed about it.
People are betting on Bitcoin succeeding because of its inherent features, unlike wild bets that bankers make with other people's money.

HabBear
Hero Member
*****
Offline Offline

Activity: 812
Merit: 597


View Profile
July 15, 2017, 05:41:17 AM
 #5

Classic.

Well, first of all Morgan Stanley isn't wrong. Bitcoin and cryptocurrencies are nearly the most speculative investment that exists right now.

Also, all the investment banks and research houses make their money, literally, in making bold statements. No one reads their articles and forecasts if it reads "Bitcoin will probably stall for a bit before continue a slow rise forward." Bold statements get clicks, especially when they can't even fucking sell any Bitcoin! It's the clicks that they get on their articles about Bitcoin coverage that earn them any revenue.

And finally, know that as Bitcoin becomes more mainstream it will be the target of more mainstream attacks and skepticism, if not for fear of the unkown then out of a need to create FUD to sell clicks on their website.

Mometaskers
Hero Member
*****
Offline Offline

Activity: 910
Merit: 517



View Profile
July 15, 2017, 04:45:52 PM
 #6

I think they are playing to concerns of people about a possible split. Sure it is speculative... and people know that before they got in to this. They knew the risk and decided it was worth it. Don't these bankers sort of bundle debts and speculate on them as well? It was they that brought cycles of economic crises on us and then when we do the same thing it's bad?

Oh well, I'd never expect bankers to talk positive about and shower praises on bitcoin anyway. If that ever happens, I'd probably start taking financial advice from my cat.
Savik
Full Member
***
Offline Offline

Activity: 350
Merit: 101


View Profile
July 15, 2017, 05:32:10 PM
 #7

It's like asking a horse breeder his thoughts on the development of an automobile. What the hell do you expect a big financial institution to say?

Hydrogen
Hero Member
*****
Offline Offline

Activity: 868
Merit: 656



View Profile
July 15, 2017, 11:50:46 PM
 #8

I wonder if people realize banks are likely behind the spammed DDoS transactions in btc which led to a fork.

Banks are herding people like cows, using things like unconfirmed transactions and high fees to control people and influence them into supporting the wrong things.

Its painful to watch.

freedomno1
Legendary
*
Offline Offline

Activity: 1498
Merit: 1023


Activity: 9001 == OP


View Profile WWW
July 16, 2017, 09:17:43 AM
 #9

So one of the firms that took the $107 billion in the bailout, more than most banks received is saying that Bitcoin is speculative, well I would figure as much they are one of the poster childs for speculation themselves with high standards cough, it's like telling someone the Car is a speculative mode of transportation let us rely on the horse as it is not a speculation.
Hmm the times are interesting.

BITEX
            ███     ███     ███
              ███     ███     ███
                ███     ███     ███
                  ███     ███     ███
                    ███     ███     ███
                      ███     ███     ███
                        ███     ███     ███
                          ███     ███     ███
                            ███     ███     ███
                              ███     ███     ███
                            ███     ███     ███
                          ███     ███     ███
                        ███     ███     ███
                      ███     ███     ███
                    ███     ███     ███
                  ███     ███     ███
                ███     ███     ███
              ███     ███     ███
            ███     ███     ███

The First Locally-Embedded, Yet Global, Crypto-Bank
TELEGRAM    FACEBOOK   TWITTER    YOUTUBE    LINE

                  ███     ███     ███
                ███     ███     ███
              ███     ███     ███
            ███     ███     ███
          ███     ███     ███
        ███     ███     ███
      ███     ███     ███
    ███     ███     ███
  ███     ███     ███
███     ███     ███
  ███     ███     ███
    ███     ███     ███
      ███     ███     ███
        ███     ███     ███
          ███     ███     ███
            ███     ███     ███
              ███     ███     ███
               ███     ███     ███
                 ███     ███     ███

WHITEPAPER | ANN
50% discount pre-ICO NOW!
orarider
Sr. Member
****
Offline Offline

Activity: 543
Merit: 250


Blockchain Just Entered The Real World


View Profile
July 16, 2017, 10:17:18 AM
 #10

In response to an article negative about bitcoin...

https://thecryptopapers.com/2017/07/14/morgan-stanley-bitcoin-a-poster-child-for-speculation/

It just ticks me off.

It might very well be, but there is nothing to be ashamed about it.
People are betting on Bitcoin succeeding because of its inherent features, unlike wild bets that bankers make with other people's money.

Bitcoin users are split, which is similar to the situation of bitcoin when a hardfork occurs, one side believes in bitcoin, they are willing to put all their assets in bitcoin, whereas many people are selling bitcoin for the bitcoin. Anxious, they accept the hole.




   ▄▄███████▄▄       ▐█     █▌         ██          ▐██████▄▄       ▐██████▄          ██         ▐█▄        █▌    ███████▌
 ▄███▀▀   ▀▀███▄     ▐█     █▌        █▌▐█         ▐█   ▀▀██▄     ▐█   ▀█▌        █▌▐█        ▐███▄      █▌       █▌   
▐██▌        ▐██▌    ▐█     █▌       ██  ██        ▐█      ▐█▌    ▐█   ▄█▌       ██  ██       ▐█ ▀██▄    █▌       █▌   
███          ███    ▐█     █▌      ██   ██       ▐█       ██    ▐██████▀       ██   ██      ▐█   ▀██▄   █▌       █▌   
▐██▌   ██▄   ▐██▌    ▐█     █▌     ██████████      ▐█      ▐█▌    ▐█▀██▄        ██████████     ▐█    ▀██▄ █▌       █▌   
 ▀███▄▄ ▀██▄ ▀█▀     ▐█▄   ▄█▌    ██       ██     ▐█   ▄▄██▀     ▐█  ▀██▄     ██       ██    ▐█      ▀███▌       █▌   
   ▀▀█████▀██▄        ▀██████▀    ██         ██    ▐██████▀▀       ▐█   ▀█▌   ██         ██   ▐█        ▀█▌       █▌   
           ▀▀▀

A Blueprint for Mapping Decentralized Data


Telegram             Twitter             Medium             LinkedIn
██
██
██
██
██
   
Data Stamping
Constellation Creation
Enriched data and services
██
██
██
██
██
   
With Quadrant, any form of

Data can be Authenticated.
merchantofzeny
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


I'm honest, it's the world that's awful


View Profile
July 16, 2017, 02:03:49 PM
 #11

Another FUDster. Of course it's speculative, that why people got into it, many are after profits. Isn't that what stocks are anyway? Doesn't the banking industry does lot of speculation?

So one of the firms that took the $107 billion in the bailout, more than most banks received is saying that Bitcoin is speculative, well I would figure as much they are one of the poster childs for speculation themselves with high standards cough, it's like telling someone the Car is a speculative mode of transportation let us rely on the horse as it is not a speculation.
Hmm the times are interesting.

LOL. Was really rich coming from a guy like him.
buwaytress
Hero Member
*****
Offline Offline

Activity: 700
Merit: 643


I bit, therefore I am


View Profile
July 16, 2017, 02:27:21 PM
 #12

In response to an article negative about bitcoin...

https://thecryptopapers.com/2017/07/14/morgan-stanley-bitcoin-a-poster-child-for-speculation/

It just ticks me off.

What bothers you?  It seems mostly on point and Gresham's law would agree that the more sound currency will be hoarded speculatively until that point that it is forced to come out.   

To nitpick the article, it says "We are required, by law, to use this debt based system."  This is not exactly true, legal tender law only requires us to accept the funbuck in the case of a debtor who only wishes to pay us with the funbuck.  This doesn't mean we are forced to use them.     

Precisely, while the headline is a little unfortunate (the dotcoms were more poster boys than Bitcoin is, really), some of the reasoning in the article is pretty sound. Well, okay, I can pick on the lead too (hasn't fintech always been fashionable to bash?). It's also in line with a lot of the commentary found on this very forum.

Note: this isn't to say I agree!

PedroLinh
Jr. Member
*
Offline Offline

Activity: 47
Merit: 0


View Profile
September 28, 2017, 11:34:25 AM
 #13

Most of worlds economy is about perception and speculation. And currently both USA and UK governments are seen and/or portrayed as inept so its not surprising.  It depends on whether Trump will stabilise, and whether UK will experience another government meltdown, too. May isn't terribly stable or popular, and Trump still has the Russia afere hanging above his head.
manselr
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000

ICO appreciator


View Profile
September 28, 2017, 12:00:54 PM
 #14

It's very convenient to see this thread pumped, because I have the opportunity to post this here now and compare it to what they were saying a couple months back:

https://www.bloomberg.com/news/articles/2017-09-27/bitcoin-more-than-just-a-fad-morgan-stanley-ceo-gorman-says

Quote
Not every Wall Street bank chief is bearish on bitcoin.

Morgan Stanley Chief Executive Officer James Gorman takes a more measured view on the cryptocurrency than crosstown rival Jamie Dimon, the JPMorgan Chase & Co. head who earlier this month called it “a fraud” that’s in a speculative bubble worse than tulip bulbs.

Bitcoin is “certainly something more than just a fad,” Gorman said Wednesday at an event held by the Wall Street Journal. “The concept of anonymous currency is a very interesting concept -- interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that.”

As you see, these bastards will change their opinion just like they change clothes. Chances are they want you to sell and buy at will in order for them to profit.

You know the drill: Buy and hold. The banksters don't know anything about Bitcoin.
zzSunZZ
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile
September 28, 2017, 12:19:29 PM
 #15

A "tech race" between the banks cannot bypass the slow net clearing mechanism of the fiat system via central banks or the various middlemen. It would be very much the same, accounting on computer data bases will be replaced by accounting on blockchains. It's merely an IT upgrade which costs money, but does not improve anything significantly.

The Interbank market is essentially dead since the financial crisis, because banks don't trust each other (because these loans are not collateralized): https://fred.stlouisfed.org/series/IBLACBW027NBOG .

If banks really want to improve the financial system, they have to start using collateral again like they did it in the past with gold. There is really no way around Bitcoin.
adam1230
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000



View Profile
September 28, 2017, 12:33:46 PM
 #16

Banks are the biggest scams in this world. If they cannot profit much they will create a financial crisis and shutdown their doors.
In near future we will see Deutchebank and other erupean banks fails. These are playing same game for years.
And people are doing same fault by trusting banks meanwhile banks not trust eachother lol.


          ██
         ▐██▌
         █▌▐█
        ▐█  █▌
▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄
 ▀▀    █▌    ▐█  ▄█▀▀
      ▐█      █▌█▀
      █▌   ▄▄ ▐█
     ▐█  ▄██▀  █▌
     ██▄██▀    ▐█
    ▐███▀       █▌
.Z-POP DREAM.

▒▒▒▒▒▒████▌  █▌
 ▒▒▒▒▒▐████  ▐█
  ▒▒▒▒▒████▌  █▌
   ▒▒▒▒▐████  ▐█
    ▒▒▒ ████▌
     ▒  ▐████
     █▌  ████▌
     ▐█  ▐███████▄
      █▌  ████████▌
      ▐█  ▐████████
       █▌  ████████▌
       ▐█  ▐████████
        █▌  ████████▌

▒▒▒▒▒▒████████▌  █▌
 ▒▒▒▒▒▐████████  ▐█    ▒▒
  ▒▒▒▒▒████████▌  █▌  ▒▒▒
   ▒▒▒▒▐████████  ▐█ ▒▒▒▒
    ▒▒▒ ▀███████▌   ▒▒▒▒▒
     ▒      ▐████  ▒▒▒▒▒▒
     █▌      ████▌▒▒▒▒▒▒▒
     ▐█      ▐████▒▒▒▒▒▒
      █▌      ████▌▒▒▒▒
 ▄▄   ▐█      ▐████ ▒▒
████   █▌      ████▌
 ▀▀    ▐█      ▐████
        █▌      ████▌
Website
White paper
Reatim
Sr. Member
****
Offline Offline

Activity: 685
Merit: 250



View Profile
September 28, 2017, 12:42:29 PM
 #17

Banks are the biggest scams in this world. If they cannot profit much they will create a financial crisis and shutdown their doors.
In near future we will see Deutchebank and other erupean banks fails. These are playing same game for years.
And people are doing same fault by trusting banks meanwhile banks not trust eachother lol.


Well we should be aware by now that banks can't be trusted. We have in our lifetime has been screwed by them, and thank bitcoin we are bank ourselves. To proved them wrong is futile. Let bitcoin do its thing and shows that bankers are very wrong. And bank doesn't care if you lose or not, as long as they profit from making speculation like it bitcoin, they will do it without batting an eye.

VanDeinsberg12
Hero Member
*****
Offline Offline

Activity: 812
Merit: 501


ImmVRse | Disrupting the VR industry


View Profile
September 28, 2017, 01:06:50 PM
 #18

It's very convenient to see this thread pumped, because I have the opportunity to post this here now and compare it to what they were saying a couple months back:

https://www.bloomberg.com/news/articles/2017-09-27/bitcoin-more-than-just-a-fad-morgan-stanley-ceo-gorman-says

Quote
Not every Wall Street bank chief is bearish on bitcoin.

Morgan Stanley Chief Executive Officer James Gorman takes a more measured view on the cryptocurrency than crosstown rival Jamie Dimon, the JPMorgan Chase & Co. head who earlier this month called it “a fraud” that’s in a speculative bubble worse than tulip bulbs.

Bitcoin is “certainly something more than just a fad,” Gorman said Wednesday at an event held by the Wall Street Journal. “The concept of anonymous currency is a very interesting concept -- interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that.”

As you see, these bastards will change their opinion just like they change clothes. Chances are they want you to sell and buy at will in order for them to profit.

You know the drill: Buy and hold. The banksters don't know anything about Bitcoin.
My act to this, just follow the damn train, the statement by james gorman will shake the market depends on which their statements sided on. I believe that the traders following this news as well.
and yes I do agree with you, he's trying to control the market, not by money, not resources, but merely by using his popularity as Morgan stanley's CEO.

▄▄█████▄▄
▄█████████████▄
▄███████████████████▄
▄█████████████████████████▄
███████████████████████████████
█████████████████████████████████
███████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
█████████████████████████████████
███████████████████████████████
▀█████████████████████████▀
▀███████████████████▀
▀█████████████▀
▀▀█████▀▀
 





████          ████  ███████████▄▄                                 
▀███▄        ▄███▀  █████████████▄                               
██    ▄███▄     ▄███▄      ▄███▄     ▄███▄   ████        ████            ▀████    ▄██████████▄     ▄██████████
██    ██ ██     ██ ██      ██ ██     ██ ██    ████      ████             ▄████   ██▀        ▀██   ██▀         
██   ██   ██   ██   ██    ██   ██   ██   ██   ▀███▄    ▄███▀    █████████████▀   ▀██▄▄▄▄▄▄▄▄▄    ███▄▄▄▄▄▄▄▄▄
██   ██   ██   ██   ██    ██   ██   ██   ██    ████    ████     ███████████▀▀      ▀▀▀▀▀▀▀▀▀██▄  ███▀▀▀▀▀▀▀▀▀
██  ██     ██ ██     ██  ██     ██ ██     ██    ████  ████      ████   ████      ██▄        ▄██   ██▄         
██  ██     ▀███▀     ██  ██     ▀███▀     ██    ▀███▄▄███▀      ████    ████      ▀██████████▀     ▀██████████
████████       ████     ████                                 
██████        ████      ████                                 
 
   
 
WHITEPAPER    ▀▀▀▀▀▀▀▀▀▀▀
APPLY FOR CROWDSALE
▀▀▀▀▀▀▀▀▀▀▀    BITCOINTALK
 


















 
Proud Sponsor of
Blockchain 360 at
London Tech Week
  ◢  FACEBOOK
◢  TWITTER
◢  TELEGRAM
◢  MEDIUM
BrewMaster
Hero Member
*****
Offline Offline

Activity: 896
Merit: 621


There is trouble abrewing


View Profile
September 28, 2017, 02:30:07 PM
 #19

i have stopped paying attention to what these people say about bitcoin. both the negative ones and the positive alike. they are always full of themselves trying so hard to convince others about something they do not understand at all or sometimes have little understanding of.

in my experience they are just abusing the media to their advantage. as i said both positive and negative alike. they say things that suits their own behavior in the world and in bitcoin market.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!