Bitcoin Forum
October 24, 2018, 06:26:33 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2018-03-28] President Of The Atlanta Federal Reserve Declares Crypto Is Not  (Read 22 times)
crazy-pilot
Sr. Member
****
Offline Offline

Activity: 651
Merit: 250



View Profile
March 28, 2018, 08:57:55 AM
 #1

President and CEO of the Federal Reserve Bank of Atlanta Raphael Bostic recently took a negative stance toward cryptocurrency investments at the annual meeting of Hope Global Forums, urging the US public to avoid digital currencies, as Bloomberg reported today, March 27.

At the meeting considered to be “the largest gathering of leaders in the world on behalf of empowering poor and underserved communities”, Bostic expressed criticism about cryptocurrency markets, claiming that digital currencies are not even currencies.

https://cointelegraph.com/news/president-of-the-atlanta-federal-reserve-declares-crypto-is-not-currency

             ╓▄▄▓▓▓▓▓▓▓▓▓▓▄╖,
         ,▄██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▄,
        ▄████▀▀░░        ░╙▀▓███▓,
      ,███╣▒▒▒░░╓╖╖╖╖╖╖,░░░▒▒╢▓▓▓[
     ╓▓██▓▓▓███▓▓▓▓▓▓▓▓▓▓▓▓██▓╢▓▓▓▓
    ╖▒▓▓▓▓▓██████▀▀▀▀▀▀▀██████▓▓▓▓▒░,
   ╫▒▒▓▓▓▓▓▓▒               "▓▓▓▓▓▓  ╟
  ▐▓░░░▓▓▓▓▓▓╖              ▓▓▓▓▓▓░  ]
 ,▓▓░░░░╙▓▓▓▓▓▄           ╓▓▓▓▓▓▓`░░ ▐▓▌
 ╟▓▓▌░░░ ╙▓▓▓▓▓▓         ╓▓▓▓▓▓▓░░░░╓▓▓▓
 ╟▓▓▓▓   ░`▓▓▓▓▓▓,      ╟▓▓▓▓▓╜░░░░╓▓▓▓▓
 ╙▓▓▓▓▓,░ ░ ▓▓▓▓▓▓╖   ,▓▓▓▓▓▓▒▒▒▒░╟▓▓▓▓▌
  ▓▓▓▓▓▓╖░   ╙▓▓▓▓▓▌ ╓██████▒▒▒▒▒▓▓▓▓▓▓`
   ╙▓▓▓▓▓▌  ░░╙▓▓▓▓▓▓█████▓▒▒▒▒▒▓▓▓▓▓▓
    ╙▓▓▓▓▓▓  ░░░▓▓▓▓▓▓███▓╢╣╢╢▓███▓█▀
      ▓▓▓▓▓▓@░░░░▓▓▓▓▓▓▓▓▓▓▓▓██████▀
        ▀▓▓▓▓▓▄░▒▒░▓▓▓▓▓▓██████▀▀
            ╙▀▀▀██████████▀▀▀`
InfinitusToken.io
███
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███ ██
███

   ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
██ ███
   ███
⚑⚑ Read our Whitepaper
⚑⚑ Medium ⚑⚑ Telegram
1540362393
Hero Member
*
Offline Offline

Posts: 1540362393

View Profile Personal Message (Offline)

Ignore
1540362393
Reply with quote  #2

1540362393
Report to moderator
1540362393
Hero Member
*
Offline Offline

Posts: 1540362393

View Profile Personal Message (Offline)

Ignore
1540362393
Reply with quote  #2

1540362393
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540362393
Hero Member
*
Offline Offline

Posts: 1540362393

View Profile Personal Message (Offline)

Ignore
1540362393
Reply with quote  #2

1540362393
Report to moderator
1540362393
Hero Member
*
Offline Offline

Posts: 1540362393

View Profile Personal Message (Offline)

Ignore
1540362393
Reply with quote  #2

1540362393
Report to moderator
1540362393
Hero Member
*
Offline Offline

Posts: 1540362393

View Profile Personal Message (Offline)

Ignore
1540362393
Reply with quote  #2

1540362393
Report to moderator
FollowSynergy
Sr. Member
****
Offline Offline

Activity: 359
Merit: 254


May God help us and guide our steps


View Profile
March 28, 2018, 10:09:08 AM
 #2

"If you have money you really need, do not put it in these markets,” - in regard of this part of his speech, Raphael Bostic did not said nothing new for the investors. This is a golden cryptocurrency rule: do not invest more, than you can afford to lose

His job as a CEO of Federal Reserve Bank also include providing customer protection policy, but cryptocurrencies like Bitcoin, are very volatile and unpredictable at the current moment to be loved by bankers.
CryptoBry
Sr. Member
****
Offline Offline

Activity: 546
Merit: 275


RISE WITH RAYS FOR THE FUTURE


View Profile WWW
March 28, 2018, 02:29:05 PM
 #3



I am not surprised of this man's negative stance against cryptocurrency because he is part and parcel of the disrupted once cryptocurrency can gain real adoption by the masses. To many in his circle cryptocurrency is representing a new territory they may find hard to explore much more to control. In their mindset, they could never risk the exiting financial system to be revolutionize with something they are in the first place not a part of. Bankers should have no business with cryptocurrency because they can never be in one bed with it.

          ▗▟█████▙▖                   ▗▟█████▙▖
          █████████ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █████████
          █████████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ █████████
           ▀▜███▛▀               ▄▄▀▀  ▀▜███▛▀
           ▋  ▄▖             ▄▄▀▀         ▄▖
          ▋   █▌         ▄▄▀▀             █▌  ▋
         ▋    █▌     ▄▄▀▀                 █▌   ▋
        ▋     █▌ ▄▄▀▀                     █▌    ▋
       ▋    ▄ █▌▝                         █▌     ▋
▗▟█████▙▖ ▀▀  ▀▘                          ▀▘    ▗▟█████▙▖
█████████   ▟███▙ ▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆▆ ▟███▙   █████████
█████████   ▜███▛ ▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔ ▜███▛   █████████
▝▜█████▛▘     █▌ ▝▀█▄▖                    ▋  ▄▄ ▝▜█████▛▘
       ▋      █▌    ▝▀█▄▖               ▄ ▋ ▀    ▋
        ▋     █▌       ▝▀█▄▖        ▄▄▀▀  ▋     ▋
         ▋    █▌          ▝▀█▄▖ ▄▄▀▀      ▋    ▋
          ▋   █▌           ▄▄▝▀█▄▖        ▋   ▋
           ▋  █▌       ▄▄▀▀     ▝▀█▄▖     ▋  ▋
           ▗▄▄▄▄▄▖ ▄▄▀▀            ▝▀█ ▗▄▄▄▄▄▖
          ▟███████▙                   ▟███████▙
          █████████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ █████████
          ▝▜█████▛▘                   ▝▜█████▛▘
.
.
.
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!