New hate wave?

[romero121]

Recovery of bitcoin will happen without doubt, what needs to be thought at present is about the time period. In the past several such heat waves have got generated when top developers of bitcoin came with some negative news about bitcoin. This is quite common, and bitcoin have overcome several such waves. This time it isn't new, and surely the growth will take place at the earliest.

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[kelz1]

Lol, an 'evil offspring of the financial crisis'! This is the saviour for protecting us normal people from the next financial crisis. Bankers and corrupt governments no longer have control, it's economic power to the people from now on

[X7]

Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?

I usually view these types of negative sentiment releases as generally positive, I wouldn't expect the owner of the horse and carriage company to endorse motor cars unless he has a stake in both.

A lot of TA groups and friends I have say the bottom is nearly in, but I generally wait for the halving period for the real bull runs.

[tmpwhore]

Bitcoin price doesn't depend on bank's minds. If they all hate bitcoin, why most of them bought crypto-exchanges, or cryptofunds. On mass media they talk that they hate bitcoin but after that they buy it.

[Yamifoud]

Bitcoin price doesn't depend on bank's minds. If they all hate bitcoin, why most of them bought crypto-exchanges, or cryptofunds. On mass media they talk that they hate bitcoin but after that they buy it.

That is there strategy to encourage those panicking people to sell their coins and taking advantage on it. Crypto is now a huge market and of course many were having interest towards these.  Banks will move to accept the system as digital currency is widely used for now including billy's payment which they can also benefits from this.

[livingfree]

Everyone should get used to it when there are financial institutions giving their opinions on how bitcoin was. It's the reason why they have to give an opinion about it and tell the people on how bad it was because it can be their potential competitor that would pull off their customers.

One day you'll see on how these banks will talk about the potential of bitcoin and on why everyone should buy it. Because it will be the time when they are done accumulating and they are ready to wait for the rise of it's value.

[BurgerCash]

Institutions hate bitcoin for the same reasons taxis hate uber.
Buttcoiners are mad they didn't catch the train.
And some of us are legitimately concerned that we're celebrating things that were easier 10 years ago and LN is still not fit for purpose.

[kingpin4321]

From a cryptocurrency enthusiast point of view it is disturbing to see that most countries central bank are feeling treating about bitcoin.
I don't think they can do anything against bitcoin or cryptocurrency the system is decentralized and not within there reach

[boltz]

The wave of hate was here since 2011 when people belive that bitcoin hitting 32$ was the biggest bubble in history but the truth is that something similar with bitcoin has never done before so comparing bitcoin with a bubble or a ponzi is inappropriate and you should have learn until now that bitcoin is here to stay.

[shesheboy]

Bitcoin price doesn't depend on bank's minds. If they all hate bitcoin, why most of them bought crypto-exchanges, or cryptofunds. On mass media they talk that they hate bitcoin but after that they buy it.

That is there strategy to encourage those panicking people to sell their coins and taking advantage on it. Crypto is now a huge market and of course many were having interest towards these.  

No its not just a strategy but that is true . many banks do really hate bitcoin because they think that bitcoin is a big threat to their business . they see that people are using bitcoin as an investment . sooner or later , people will refrain to use bank because they cant earn huge interest on it and they rather switch on bitcoin  .  not only they can earn big return , they can also ensure that their money is safe because they hold their own wallet .

[electronicash]

no wonder the price suddenly drop a bit. this is old news though of course banks hate it everyone knew this already i don't think they can influence anyone to sell this time when everyone had already sold their coins. ECB is too late for the fud. there ain't nothing to fud anymore JPMorgan and all had done it before them. everyone in crypto already knew banks hate cryptocurrencies.

[plvbob0070]

Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?

Of course they would throw hate and negative comments about bitcoin because they see it as a threat. They want it to go down so they would send hate and probably brainwash other people.
Regardless of the hate they continuously give, I know bitcoin will recover soon. Let's be optimistic and don't mind all those hate.

[eaLiTy]

Many think Bitcoin is a wave of heat, hostility, world economic crisis, but that all life is not reality,
Evidence is now a lot of successful bitcoin users from 2008 to 2017, indeed it is currently falling but that is not a phenomenon with bitcoin.
I'm sure bitcoin will make people in the world more successful and prosperous.

Bitcoin will not promise anything in return, it depend upon how you view bitcoin, if you want to see it as a store of value, then if you invested at the right time and have the patience to wait for the long term, your will be prosperous and successful rather than panicking whenever the market goes down, if you see bitcoin as a currency then it gives your financial freedom throughout the world without any restriction. It all depends on your perception on how you want to view bitcoin.

[maydna]

I guess there will be many more that will hate bitcoin and they will spread more bad news to the public. I think they are jealous of bitcoin because people were now thinking to search for another solution to solve their financial problem. And fortunately, people find bitcoin can be a new solution for their problem. I am sure bitcoin will recover soon because bitcoin is not weak as we think and no matter if there is more bad news which will come, bitcoin will recover again.

[Ozero]

The banking system has always been and will be negative about cryptocurrency, because cryptocurrency is a rival of this system and not even as much as bankers, from whom it takes a part of the previous profit. A wave of hostility to cryptocurrency will only fall when states legalize cryptocurrency. However, the negative attitude of bankers to cryptocurrency will always remain.

[deisik]

The banking system has always been and will be negative about cryptocurrency, because cryptocurrency is a rival of this system and not even as much as bankers, from whom it takes a part of the previous profit. A wave of hostility to cryptocurrency will only fall when states legalize cryptocurrency. However, the negative attitude of bankers to cryptocurrency will always remain

It is not that simple

Indeed, banks are earning by taking fees on fiat transfers, so if people stop using banks for this purpose and instead start using Bitcoin as a value transfer vehicle, banks will be losing profits. On the other hand, Bitcoin opens a lot of other earning opportunities for banks as well. It is just a matter of adapting and adopting the technology. Banks have expertise, qualified personnel, available infrastructure, so unless they deliberately choose to do nothing, they can still be among the first to the party

[Vaskiy]

In most cases the hate is from the banking industry, because every year the large scale transactions have begun to happen through cryptocurrency. To overcome this banking sectors have begun to adopt the technology and create their own cryptocurrency. The truth is that financial institutions around tree world have made investments on cryptocurrency through back door to avoid criticisms.

[Mister1k]

It doesn't generally strengthen it is progressively similar to adjusting to the new world and the progressions that are going on in it so your speculation doesn't vanish medium-term since you would not change. Banks will without a doubt get on board the bitcoin wagon in the long run regardless of whether they are opposing at the present time.
Also that the majority of them are concealing any hint of failure face in light of the fact that the legislature has restricted them from engaging with bitcoin so they are stating unfortunately they would prefer not to not that they need to purchase they are not permitted.

[passwordnow]

Funny how headlines nowadays scare away crypto enthusiasts. Banks will always hate cryptocurrencies because they can't control it. Moreover, I will not care about central banks since a financial crisis is knocking on their doorsteps. HODL your coins and wait patiently.

Yeah very funny, they always scare the people hell out of it and gives those choice of words always against to bitcoin. But the trend setting is changing and we've seen a bank that starts to love crypto and even created their very own crypto-type currency. I say it crypto-type because some claims said that it shouldn't be called cryptocurrency. I'm sure that you know what is this bank that I'm talking about and it's already on the news, it's funny their CEO called bitcoin a fraud and now where he is?

[BurgerCash]

Don't expect bankers to like bitcoin. That's like cab drivers with dirty cars and government-mandated monopoly liking competition from Uber - never gonna happen.