About Bitcoin Bad Rumors

[BenjaminFranklingwould]

When I watch something from the TV news or reading in the internet magazine I'm always think why are they saying it. What is their interest? Big players playing hard to force us to do what they want. I don't trust somebody until I check it by myself. And I don't think these particular rumors is worth a penny right now. It is still really strong bull trend in Bitcoin.

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[darkangel11]

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.

He's already over that part and thinking about putting money into that futures market that's about to open. If you can't beat them join them.

When I watch something from the TV news or reading in the internet magazine I'm always think why are they saying it. What is their interest?

If you can't find the reason behind something it's usually money. They are either paid to do it or are trying to play the market by spreading fake news or bashing BTC.
It used to work in 2014 and 15, but since then the market got more mature and it's getting much more difficult.

[HasHe]

Rumors about bitcoin is more nowadays and it will be even more when bitcoin's popularity and price grows more.These people have one of the two motives below.Either they may have got afraid with bitcoin's gigantic progress and so they make statements against bitcoin.Or else,they may have an idea of investing in bitcoins like jamie dimon and to make the price drop,they issue such statements.

[FrueGreads]

I have no idea if they have a hidden agenda or if they just don't understand bitcoin. I kind of get it for banks, because it threatens their way of doing business, but let's face it. I don't really think that fiat will ever disappear because it's backed by a country, and it kind of shows their economic strength to the world, so as long there is fiat, banks will always have a place in our society, so bitcoin is not really a threat to them. It will force them to adjust their fees etc, but it won't threat their existence.

Bitcoin is becoming a financial asset now, so they can just use it like a normal asset, instead of fighting it. Banks can offer bitcoin investments, governments can charge their taxes, so nothing will have a dramatic change. In the end Bitcoin will "just" act as a safe haven for investors, because banks and governments can't screw it up, since it's decentralized, so everyone wins if they just stop fighting it. Maybe they will get it eventually.

[kendra1107]

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 did not look into your link, but in my own opinion, "bad rumors" against Bitcoin are being made simply because it's a strategy. Business tycoons have a way to manipulate the system in their favor. Rumors are advertised, holders will sell, price will fall, and those who made these rumors will actually be the ones buying all those Bitcoins. Simple, yet profitable...😉

[tomahawk9]

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.

'Bad rumours' are mainly used to keep the public away from Bitcoin, and to try to manipulate the market, which apparently is working wonders, because even with all of this 'bubble' stuff the number of new users keeps growing and we're hitting a new ATH every week   (:

But I've been saying this for a long time, big CEOs from financial companies and bankers don't want to give people the freedom to do whatever they want with their money, they'd rather spread FUD about Bitcoin and shit on it 24/7 than lose customers just so they can keep their fiat ponzi alive forever. Good thing is that as the crypto community continues to grow every day (especially the btc community), so does people's awareness of Bitcoin and what it means for the future (privacy, anonymity, decentralized system), so that should give us some reassurance that all of this FUD won't have an impact on BTC.
But I think 'bad rumours' are just the beginning, I believe we have yet to see the true power of the 'elite'.

[subSTRATA]

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!.

im 99% sure destroying cryptocurrency, or just bitcoin, is the ceo's end goal by any means. the man is more than well off, he could quit working today and have more than enough to live comfortably till the end of his days. if anything, he's using his position of influence as a major banker's head to influence bitcoin's price for some price manipulation. i dont think ive heard of the cia trying to 'hack' the blockchain either, im pretty sure the only way you could feasibly gain any amount of control over bitcoin is to use the 51% attack idea, and that takes way too much infrastructure to even think about.

[Beicin]

Bitcoin is proving people wrong day in day out. Jamie Dimon called Bitcoin as a fraud a few weeks ago, and how his company is talking about allowing their clients to invest in BTC Futures.. Give it time, and everyone will bend to the cryptocurrencies

[:wq]

I think a lot of issues that cause people to believe this is a bubble (and why they are so vocal about it) is because a lot of money was lost during similar "bubble" situations in the past, and as a result, lives were ruined.

Bitcoin isn't as big a threat to the monetary system as people believe it is.  Realistically the only disruptive technology is blockchain and its actually NOT that disruptive to the financial sector, contrary to popular belief. Its more disruptive to the technology sector, yet we don't hear as much noise from those sectors about the threat? Could the people warning us it is a bubble, be doing so because of financial advice rather than because they think its a threat to their sector?

Potentially, yes.

[A.nayem]

#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.

[Godric-Gryffindor]

Such Rumors like that is the reason why bitcoin is the best investment, see big name don't care to a simple Crypto,
Bitcoin makes a history and a statement, it brings new idea fits to digital age community, which aims secure transaction in bit of a second

[Vaskiy]

If we examine those people closely, it'll come to light that they were the profit makers of bitcoin. Revealing negative comments as well some rumors in the name of prediction is a way of making the market in such a way comfortable for them. Particularly these are the way of generating panic among users and manipulating in a much easier manner.

[altercreed]

Another tactic for a banker and a traditional investor that rides on the popularity of bitcoin wanting to be famous too. This is not new to bitcoin having someone trying to destroy its reputation. Only those who don't have enough knowledge of bitcoin would somehow believe in his statements.

[dawoodkhan97]

There will always be people in this world that will resist change
or something new. The best we can do is ignore and move forward.

Take a look at what happened when Email was introduced and there
were many people (influential people) that said it does not have a
future.

You will get naysayers along the way, only time will tell...

[Walrus1]

On the other hand you can see why people say it is a bubble. In certain ways Bitcoin defies logic. It's a currency but I wouldn't spend it now, I don't think most people do. When you compare other charts of bubbles they do fit in with Bitcoin, the thing is the history of Bitcoin is being written now. I'm in it, just recently anyway, I plan on continue buying it whether it go north or south in the short time, but I know full well this could be a bubble, I'm not saying it is, but it very well could be. Although I don't like the idea of paying taxes on it, I don't pay taxes on gold profits, and I don't necessarily like the idea the big boys are getting into futures trading on btc these may be positive signs. I think it was forbes that had an article saying if Bitcoin becomes a widely accepted currency as the next generation brings it mainstream it could reach 190,000. I guess all this info can help us make decisions.

[jokilax]

Bitcoin is not bubble it is unstable currency.bitcoin is digital currency and investment,bitcoin price may rise and fall depends on the demand.bitcoin is transparent price.rumors are spreading,bitcoin knowledge and experience needed.

[LancienMaleAlpha]

Don't listen to rumors. Your actions should be based on facts, not rumors. No matter what they say. Just watch Bitcoin price and use the moment.

[steadyrice]

This isn't a surprise, really. It is very normal that people whose businesses would suffer due to bitcoin bad-mouth it. I think what they are hoping is to scare people off of bitcoin by remarks like this, so that the adoption rate of cryptocurrencies does not go up.

[RoommateAgreement]

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.

actually this is not at all new!
for years i have been seeing them spread FUD and misinformation about bitcoin in some cases so wrong that anyone with little understanding of basics of bitcoin would see right through them. the only difference, the only thing new is that these days there is more of them than there used to be. and that is only be cause bitcoin has grows so much bigger now and it is bound to attract that much more attention both positive and negative types.

[TheUltraElite]

Don't listen to rumors. Your actions should be based on facts, not rumors. No matter what they say. Just watch Bitcoin price and use the moment.

I would say people should learn to differentiate rumors from facts and not consider every news as a rumor. There are fake news and FUD everywhere but the places where they are spread are obvious and if you buy into those then you are a fool.

The reddit subreddits are full of shills and scum who pump every shitcoin and promote those. The Poloniex/HitBTC trollboxes are called "trollbox" for a reason. I have seen all types of conspiracy theories going on there and I really fell those people need treatment.