About Bitcoin Bad Rumors

[eDave]

Jim Rogers, a banker and another traditional investor, is calling Bitcoin a bubble. This is not new. But what keeps these people talking trash about Bitcoin? Definitely, these investors who own financial institutions, have their own agenda and are playing their cards.

In this article: http://dashplanet.blogspot.com/2017/11/whats-behind-about-bitcoin-bad-rumors.html, there's a good insight about the true reason why these people are spreading these rumors.

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[Xavofat]

It's OK to question a person's motives in the context of a detailed argument, but questioning an entire group of people based on their potential motives is an extremely weak method of arguing.

Definitely, these investors who own financial institutions, have their own agenda and are playing their cards.

Many wealthier people and even people related to major financial institutions (such as Goldman Sachs) have been relatively neutral towards BTC or in some cases even positive.  Even if they do have a negative motive, it doesn't have to make everything negative said automatically worthless.

talking trash

The only major case I've found of "talking trash" was Jamie Dimon.  All other statements that I've seen have been fairly reasonable.

[tiggytomb]

It is something extremely new and it will make those in the financial arena feel nervous and a bit weary because it is new and looks set to really take off.

This will have a huge impact on the long standing financial institutions much like when streaming services like Netflix came about and slowly pushed Blockbuster to the bacground.

[ReLieD]

I don't understand why you people don't understand this. Is the first time someone had told this? Everyone (who wants to invest in Bitcoin) says this to make the prices of Bitcoin fall and then when they will succeed in doing that then they will buy alot of Bitcoins and then wait for the prices to go back up again. Such people are just greedy for money and can pass on any fake news for their betterment.

[rumexx]

The rumor mongers are only interested in protecting their business because they know that Bitcoin is better in most aspect compare to fiat money. I just have one advice for them which is that they should buyin to Blockchain technology to remain relevant in the next few years. Bitcoin is taking over financial transactions.

[Baofeng]

Jim Rogers, a banker and another traditional investor, is calling Bitcoin a bubble. This is not new. But what keeps these people talking trash about Bitcoin? Definitely, these investors who own financial institutions, have their own agenda and are playing their cards.

In this article: http://dashplanet.blogspot.com/2017/11/whats-behind-about-bitcoin-bad-rumors.html, there's a good insight about the true reason why these people are spreading these rumors.

I read the article and almost everything written their is correct, although most of us are all aware as why bankers are really attacking bitcoin and why several nations are banning the whole cryptocurrency arena Everyone who bashes bitcoin have their own agenda behind.

Just like what Jamie Dimon did earlier, he ride the wave of the China FUD and added his own spin. Then later we found out that JP Morgan bought huge amount of bitcoin during the crash. Its gonna be a constant battle, but the more they attack bitcoin, the more it grows stronger.

[alphaomega.f]

thats actually perceptive and he threw negative points at bitcoin. Given with his status, i think its just for show, for popularity. because believe it or not, bitcoin is really that good.

[SuperD007]

I often find myself at loggerheads with traditional stock market investors, many of them (not all) are against Bitcoin because people half their age are making higher ROI on Bitcoin and crypto than their entire portfolio's combined. One of my friends who has been trading on the stock market since the late 90's admitted that it drives him insane that he has spent his entire life studying the market, learning about how to spot market trends and buy signals and sell signals and all of the usual blah blah..and even with all his knowledge and skills he can't even come close to any of the ROI that his 23 year old son makes from Crytpo. As much as he is a very proud father and encourages his son. As a professional trader he finds it hard to believe that the one thing he is supposed to be good at is making money for his clients and he is no longer doing that the best way possible....The firm that he works for is part of the anti-crypto brigade so they are not allowed to suggest these investments to their clients. Yet he knows that there is nothing in his portfolio that can come close to crypto in terms of ROI...he actually finds himself at a point where he wants to resign because he can not honestly recommend investments to his clients knowing fully well that it's not the best way for them to make money...he himself has stopped investing his own money in the stock market and invests his money in Crypto with his son. Chances are he will be leaving the company soon and starting his own investment company with his son and taking some of his clients across...

He also says that at least his ego has not gotten the better of him and he can see that he needs to change direction... but most of his colleagues refuse to see the light. Their ego's wont allow them to accept that maybe times have changed and they need to adapt.

[mahibul49]

rumor is good for bitcoin.many big big person give  negative statement abt bitcoin bt also we can see big big leaders are supporting bitcoin too
so rumor doing promotion for bitcoin

[subSTRATA]

rumor is good for bitcoin.many big big person give  negative statement abt bitcoin bt also we can see big big leaders are supporting bitcoin too
so rumor doing promotion for bitcoin

a terrible generalization at best. years ago, there were plenty of rumors on mainstream media saying that bitcoin was being used primarily by criminals, weather it be for ransom, illegal trades, and online drug markets. of course, they're not wrong, and these deals may have constituted the most traffic on the bitcoin network in terms of value (which i don't know if this is entirely true), but bitcoin was being used for so much more even then. however, even now we can see the effects rumors can have on bitcoin; when it was released that china was going to either ban ico's or the use of bitcoin entirely, we saw the price of bitcoin tank almost 25% in a 48 hour period. a long time ago, when bitcoin was still in the infant stages, any rumor might've helped for the sake of exposure, but it's a whole different story now. bitcoin is a real moving force in today's world, and it can be affected negatively just as the stock market can.

[allthingsluxury]

He's not alone and a lot of others have stated this same thing. Are they correct? Only time will tell. Regardless, BTC is here for the long term.

[VayneAurelius]

Bitcoin is getting popular nowadays so expect for those bad rumors to come out. They are somehow trying to destroy its reputation to get it out of its position.

[audaciousbeing]

rumor is good for bitcoin.many big big person give  negative statement abt bitcoin bt also we can see big big leaders are supporting bitcoin too
so rumor doing promotion for bitcoin

The only rumour that is good are rumours about the acceptance of bitcoin pending the time when people will start seeing the fruit of such rumour. Negative statements as much as it brings promotion to bitcoin, it makes more people to further stay away especially if such statement is coming from a person in position of authority. Considering the fact that the mentality large number of people have about bitcoin is still wrong and primitive, only few of them can take the bold step of finding more information then make their conclusion while the remainder of the others rely on the opinions of people like the bankers in Op statement about confirming what their mind is telling them about bitcoin.

Bankers are known to be against bitcoin while those who are not vocal about are always sitting in the middle by not being for bitcoin, and not against bitcoin. The reason is because, anything that might displace you from your revered position whether now or later, you don't take it easy for that to happen.

[Platonicus]

1) First of all you mentioned right point - a tratidional banker.  - Means he`s afraid to loose his money, fiat.

2) All things in the world (gold, platinum, USD, euros, etc etc etc) is only a matter of agreement between people. that means most important thing - IF we agree bitcoin value is 1 million that means 1 million. All value is all just about agreement. That`s it.

[groko271]

Another douche like Jamie from JPM shitting on crypto..............the establishment trying to beat down bitcoin and all crypto because of the freedom for financial Independence it offers citizens around the world. They are scared of it. Not to mention they have several million $ worth of bitcoin and buy more on the crashes he causes so one day he can be a whale and affect bitcoin that way one day in the future.

Think about it, a community can now produce its own wealth! But it is necessary that bitcoin remains successful as it is the base (trading crypto pair) of all crypto trading and therefor crypto wealth creation. If Jamie and co can ruin bitcoin's reputation he can bring down all cryptio to a certain extent. He is hoping to cause a self fulfilling prophecy to say something bad about something hoping to cause the thing he is predicting. Fuck him, he's a dick and mark my words as crytpo continues to free more and more citizens there will be more financial advisors putting shit on bitcoin in the future.
The CIA is trying to hack the blockchain to bring it down also, but it cant. Freedom to the people!! We will be slaves no more and they hate that!.

[GreatOrchid]

You should not be worried by this because it is always happening, specially on those days in when bitcoin is rising a lot, those kind of guys are always trying to throw shit over bitcoin to try to lower the price, but unfortunately, maybe 2 of 10 attempts to do so, are failing.
Maybe jamie dimon was the only one who was able to dump bitcoin for more than $500 in just a few hours (when it was below $5000 each bitcoin, so it is a lot)
But it is always going to be full of all this trash.

[Nikola282828]

Jim Rogers, a banker and another traditional investor, is calling Bitcoin a bubble. This is not new. But what keeps these people talking trash about Bitcoin? Definitely, these investors who own financial institutions, have their own agenda and are playing their cards.

In this article: http://dashplanet.blogspot.com/2017/11/whats-behind-about-bitcoin-bad-rumors.html, there's a good insight about the true reason why these people are spreading these rumors.

My opinion, they make fun of him, not because they have a lot of money, but because they have someone leaking info knowing that soon this bubble that's going to happen:)

[Cryptocoinsmania.com]

They're spreading the FUD to manipulate the markets. And later bankers step into and surely make money. Jamie Dimon is a great example of how their system works. I hope Bitcoin community will stay vigilant and don't get on the hook.

[Theta Labs]

A banker is not an unbiased source about bitcoin, keep in mind.

[Zocadas]

Seems, that they are trying the same coup as J P Morgan did. Dev warned people of Bitcoin bubble and we know the result.So, just let pass that fake predictions and statements. But they are not aware, that they spread out the possibility to invest to Bitcoin to people, who weren't involved yet.