About Bitcoin Bad Rumors

[Prodigan786]

I am confused about this people even hp Morgan stated in august about bitcoin is not stable investment after that it raised more than 150% why again and again spreading this kind of rumours bitcoin already proven widely accepted currency.

[Walrus1]

It is true that it's not stable but what the hell is

[elegion]

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've sat through many of Jim Roger's interviews on youtube and he's not shy about telling people what he's investing in and about what he believes in. If he's calling our main asset which is a deflationary non-manipulated store of wealth a "bubble" then he's got an agenda. You have to remember that Jim Roger's money is tied up in Chinese investments and even his daughter speaks Mandarin Chinese. China doesn't like Bitcoin so it would be a bit advantageous for him to pick a side where his money is tied up. He's also an old man who finds it difficult to grasp new technology so he's given up and has stuck to investing in railroads over in Russia.

The bottom line, he smells a bubble just like he did at $1000 and just like he will at $100,000. Which means he's but another rich guy who can't tell the difference between Keynesian Economics and Austrian Economics and takes his advice from broke-ass Brokers and old-ignorant wealth advisers.

And guess what? In this new crypto-economy that's dangerous. He's far from being a reliable source of information as he will end up as poor as the rest of the economy who is just as clueless about basic economics as he is.

[eDave]

With Bitcoin crossing the $16K, how long these people will continue bashing on BTC. Many are actually living on Bitcoin, paying their bills and spending it in food, real state, etc.

Another one who showed up to talk bad about Bitcoin has been Jordan Belfort. Where are the morals!!!

I think one of the big scam taking place is those countries who are not opening to Bitcoin. And I'm not only referring to top tier countries.

Bitcoin is the most viable way to boost third world countries. Unfortunately, this won't happen in all of them. For example: In Venezuela, a place with a hyper-inflation, will not embrace Bitcoin. I'm talking about a region, where a startbuck coffee equals about two-month salary (minimum wage)

Anyways, Bitcoin will continue rising. And wise those ones who appreciate it!!!
   

[ASHLIUSZ]

Different people have different predictions about the same. Just think about the price predictions, some has predicted that it could go high above $1m at the earliest. Some has predicted that the price will reach $20000. So, same is what happening with spreading of rumors. Some believe it and some don't. Just trust and keep following, growth is promised with bitcoin.

[Mr.grin]

well, I think that's natural. if there are some media that preach bad things about bitcoin. I'm sure, bitcoin also gives a bad impact on some parties, because the transaction is not in taxes, and anything else.

[akram143]

We can't expect all people will accept the bitcoin some people will be there to spread the negativity the reasons for this like maybe they sold their bitcoins too early so they want to get back their bitcoins at lower price so they need to decrease the demand of bitcoin by spreading rumors.

[eDave]

These last weeks the boost in price have been mostly because some Big US Companies are moving their money into Bitcoin. It's a massive adoption taking place.

This is irreversible. Anybody spreading bad rumors is just fooling himself.  Much of them had been stayed in the sidelines but now you cannot cloud the fact that huge profits are in crypto.

[Reid]

These last weeks the boost in price have been mostly because some Big US Companies are moving their money into Bitcoin. It's a massive adoption taking place.

This is irreversible. Anybody spreading bad rumors is just fooling himself.  Much of them had been stayed in the sidelines but now you cannot cloud the fact that huge profits are in crypto.

Yes Dave that is true.
Actually the FUD's can also be used for ones greed or for their selfish reasons.
Once it go popular or they might have paid for the bad rumor to be spread widely it can make an impact.
Then, if whales did it they will use their coins to make it look real. Dumping it hard with the large amounts they have.
Afterwards they will again. I dont like it but it is a good tactic although they are risking it too with all the payments they will do.

[tanghere1]

It's part of the bitcoin world. There's always someone who will bad mouth a successful venture. I read in an article that the CEO of JP Morgan said that bitcoin is a fraud then on that same article the reply of the CEO of Amazon defending bitcoin.

[Wyne]

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.

Those people who are close minded about bitcoin might have the same mentality as Jim Rogers. They can easily spread bad rumors about bitcoin because they never try engaging on it and never receive any benefits from bitcoin. It is just so disappointing that those people whose influential like him spread bad rumors without enough basis. I just hope that someday, they will soon realize the good side of bitcoin existence.

[wel24]

Those people that lacks of information and idea about bitcoins are one of the reason of bad rumors.They dont know bitcoin because they have not try to invest in a legit and trusted way.Some people believe that bitcoin is scam when they have experienced like bitcoin doubler or any investments that promise them a big ROI.and thats the reason why some bad rumors about bitcoin based in my experience.

[BurhanPSG]

This is just like JP MORGAN which claims that bitcoin is fraud, at that time bitcoin price goes down drastically. this is just a game of peoples who have a big name to make bitcoin fall, so that it can take advantage.

[bmartin44]

You have the answer from the question, "traditional investor". Because bitcoin affected his investment. Same as Morgan CEO did.

[BingoDog]

There will always bee people who will spread bad informations and rumors about bitcoin, nothing new. The fact is that is always needed to see the source of these rumors and how competent are these persons to say anything about the bitcoin. People just give too much attentions to such announcements and then even spread these rumors by themselves giving them the publicity. So, thir goal is done.
Bitcoin has some bad sides and problems, no one is denying that but the key is to be objective and not to give false informations.

[Kprawn]

You have the answer from the question, "traditional investor". Because bitcoin affected his investment. Same as Morgan CEO did.

You have to remember, these investors are educated in a Fiat based system. They are used to strict regulations and rules and

something like Bitcoin bends these rules. It must be frightening for these people to be confronted with something like Bitcoin

and this is why they are pushing for rules and regulations. Before Bitcoin, they were the experts on all financial matters and

now there are a new kid on the block. {who dare to break the rules} 

[eDave]

Apart from the apparent (or not so apparent) ignorance of these investors, cryptocurrencies and blockchain technology are concepts that can not be assimilated simply by the virtues it offers to people.

When they began to observe the potential of Bitcoin, many realized that financial opportunities were within reach of anyone.

The idea that only that person with exuberant resources can generate profits through investment (stocks, commodities) is disintegrated by the presence of cryptocurrencies.

Through them, anyone can enter. We have witnessed people who bought a lot of Bitcoins few years ago at the cheapest price ($10, $20, $30) and have now reached financial freedom. The same can be said about other cryptocurrencies like Dash that is having a barbarous growth.

And even with the Bitcoin's current price, it is more feasible and even more profitable to invest in Bitcoin than in real estate to name a few.

This situation clearly annoys some "old school" investors, so to speak, who are merely familiar with stock trading or other similar investments.

But progressively, those who are still reluctant to use Bitcoin and other cryptocurrencies in general will end up accepting this new reality as the strength of cryptocurrencies is fortunately in the growing community that circulates them (buy and sell)

[endlasuresh]

This is happening from long time and a lot of people told, later they themselves called Bitcoin as New Gold. If they don't know about Bitcoin, then they shouldn't speak,  in most cases these people wants Bitcoin to get collapse.

Bitcoin had struggled in the past, but now it really rocks to certain hights.

[Drnice]

In everything good, there is always a bad view that must be brought up concerning that same thing. For the wealthy people, they don't want other things to take the place of what makes them wealthy, they just want to remain at the top and do what they can to spoil the name of every other things.

[tyuner4]

There are always supporters and haters to anything. Just analyse the words and decide for yourself whether it make sense and if you want believe it or not.