DO THEY REALLY CARE ABOUT YOUR MONEY?

[ShadowBits]

From time to time, we do hear some suppose experts and even successful investors talking about how bitcoin is a bubble and is not going to end well, and something like: is going to go down as the biggest scam in the world. We have heard the ill submission of the highly respected BTCWARREN BTCBUFFET as regards Cryptocurrency.
some countries and government agents have spoken about how dangerous bitcoin investment could be. Despite all these negativity, blockchain.io once reported that they get a huge daily sign up for bitcoin wallet account, meaning people are running to bitcoin in the wake of the failing traditional currency.

Now my question is this: Despite the fact that the banks keep your money with a return of almost useless interest paid, which is irrelevant to inflation, why do they discourage people from buying a more valuable currency like the bitcoin to their dead fiat? And why do they spend so much money in contracting the media and experts to fighting Crypto instead of looking for a way to saving a dying economy? Do you think they really care about the security of our money?

Of course not, here in this world, you are by your own and your family. No one other else would help you but yourself. Survive and make yourself rich.

[javadsalehi]

Banks have been able to control our money for my years. They keep our money and give us valueless interests.  Cryptocurrencies can change this and that's why they are trying to keep people far from cryptocurrencies. They are only thinking of themselves.

[Nanagyasi]

Why should they care about your money???
Maybe they care about the fact that soon many will be like them and so they don't want to see it happening.
There is no doubt some of their reasons may be genuine but I know that someone like Warren Buffet will never see the good side of Btc.

[kamBlanV]

in my opinion, someone is called care about financial problems when they are able to save their assets in bitcoin and gold.

Fiat will not last long, the popularity of Fiat will fall, so, I think gold and bitcoin are places to store our wealth.

[Naughty Princess]

I think these people that are doing negative news about btc perhaps are those whale manipulators since their purpose is to buy more btc when price value becomes lower. FUD and fake news  that manipulators are spreading is just a strategy at their own comfort and all they care are themselves wherein they can earn enormous profit once bull market pumps. They do not care for the other people investing btc especially for the minority investors.

I agree. They do care just for their own good that is why even those minors have a strong believe about the new currency, they have to believe on theirselves than what the other want to say though they need their opinions. Manipulators gaining an opportunity to those who are new in this field and being greedy even for knowledge.

[khufuking]

Maybe they discourage people because if they encourage them towards Crypto that will make them lose money and soon out of business if Crypto take over? What banks doing is totally normal in my opinion they are trying to protect their interest. You just can not go to an industry and ask them to support what can be the reason of their vanish. Imagine if the whole world adopted Cryptocurrency what role banks can play in this? and even if they found a role to play it will be very limited.

[serjent05]

No matter how we look at it negatively, banks are right in their description of bitcoin and cryptocurrency in general. Cryptocurrency is not guaranteed by any institution, person, state and even the government. There is no support from the government and there is no guarantee they are going to last for long. No guarantee for safety and profit. Each and every investor invest at their own risk.

[131tc01n]

maybe they think because crypto is blocking them from making a profit, so far crypto development is very fast compared to fiat dead at the bank, they want to drop it, because this is their strategy in dropping crypto. They also don't care about our money, they only seek their own benefit

[shield132]

Governments don't care on people, they care on themselves, I think that's not hard to understand or discover. When they say it's bad, doesn't means it's really bad, it means it's bad for them, for government. How is crypto bad? Oh, the fact that price changes often makes it bad currency? It's not their job, if someone wants to use, let's use. Governments can't control these currencies, that's why they say it's bad. In reality it's better than their shit banks with shit currencies.

[alani123]

I'm of the opinion that people, especially bitcoiners, that get salty of other saying bitcoin isn't a good investment should rethink their reasoning.

Consider this for a moment. Anyone who goes giving investment advice in public, would like to think that he speaks to an audience of potential investors. And they speak of stocks, bonds, real estate. Those investments are known to have some sense of stability and somewhat reliable returns attached to them. People have a low risk tolerance.

People need to understand that when the majority of people speak of investments, they speak of putting in savings and hoping to have sustained returns. Bitcoin is very volatile for the regular working class investor. It's not something to expect viable return from if you can't have the risk tolerance from it.

With bitcoin, the standard is don't invest what you can't afford to lose. And really, what part of your income or savings would you say you're comfortable with losing? If you have to support a household, pay taxes and live your family maybe it's less than 10% even. Some say that 10% of savings is an absolute maximum for investment. And if somebody is investing already, part of the 10% in crypto investments should be even less due to the risk.

When it comes to full time investors, the only cases where there's a case for profits enough to make daytrading crypto worth it is with very big sums. Other than that, I'd say that crypto trading is closer to gambling. Buy it if you like, but if you advocate for it as investment opportunity also speak of the risks.

[mariah.sadio]

In my point of view, I think that they only want the economy to become successful with the highest assurance that all the investments will be at itself in fiat currencies bitcoin and other cryptos are digital currency so they think of it as a bubble because they are not seeing any physical form of it.

[Flagship11]

It saddens me to say this but I truly think that major financial institutions (banks, firms) really dont care about our money.
Reason being that there will always be greed tied to money; they want more money as do we.
The more greedy we become, the less likely we are to come out on top.
Play the markets but dont become overwhelmed when you dont see expected results.

[Indrawan77]

The bank and government want to control the situation, they don't want anything that missed their supervision, the government never expect that crypto could grow that fast, so they are looking for ways to surpress crypto, and many economic experts are talking negatively about crypto because they don't understand the concept of crypto, and don't ready to accept crypto as investment yet

[gamechangers]

The truth is, alot of selfish interest is attached when we talk about cryptocurrency and commercial banks. Commercial Banks are trying to ensure that people continue to patronize them and be able to transact majorly with fiat currency. However, most people seen the advancement of the blockchain technology will prefer a more seamless transactions to a tedious one. Therefore the importance of bitcoin generally cannot be overemphasized.

[owengtam09]

Banks are securely safe for me, it is depend on us if we still want to trust our money from the bank. Yes they have a small interest that can be useless but we save money not to get interest from the bank, we save money for our future and we are the one who is responsible to put another amount from it because that is our account. Banks are just saving our money and securing it.
Banks also uses our money at the same time we save from them but that is the reason why they do it. They uses our money so they can get profited in some other ways.

[calebwa]

I think neither Warren Buffet nor banks care about the security of our money. By criticizing cryptocurrency, they encourage people to put money in banks so they can have control over it. All they care is their own comfort and benefit. They are afraid of a possibility of performing transactions without their assistance which is offered by crypto.