New hate wave?

[maianh09]

Bitcoin may be declining every day, but its value is several times higher than in 2017. It is falling so much that banks are trying to capitalize on it to create FUD, I believe it does not affect Bitcoin. Because it has overcome too much trouble so this trouble, it can easily exceed and quickly recover again.

[minersday]

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?

It is more than obvious that almost all the institutions really hate bitcoin at the moment, but what are we going to do agains that? There is nothing that we can do to change it.

I think that we can only wait to see what is gonna be of bitcoin later.

I really believe on it, and this is a thing that will stay in here for a long time

[felicita]

Iam feeling like the hate wave never ends since about 4 years always bad news BUT Bitcoins still standing
Most bad news publishers start to buy after the news XD



regards

[jossiel]

Let them call what they want to call, they can hate and say such words with it because they can see it right now as a threat to the finance industry. About the recovery, yes bitcoin usually recovers after the dip and this is the behavior of bitcoin.

Iam feeling like the hate wave never ends since about 4 years always bad news BUT Bitcoins still standing
Most bad news publishers start to buy after the news XD



regards

They will never stop hating bitcoin and calling it with anything that they want to call just to discourage the investors of it. Bitcoin is attracting their customers, depositors and investors so what they should do? taking action like this is their resort.

[BigBrother]

It is not surprising that banks express a negative against bitcoin. It always was. But fortunately it does not affect him. After all, bitcoin is independent and we have already seen what it can achieve even without the approval of banks.

[levvv]

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?

Well, i think it is not a new thing happening in bitcoin. Bitcoin has been hated by many peoples around the world since it was created.
I remember some of them called bitcoin is a pyramid scheme. The bitcoin dropping price doesn't mean it is an evil offspring of the financial crisis because whales can easily manipulate the price in the market as long as they have much money.

[Oniko]

I hate waking up and seeing the whole market red. I rarely go to coinmarketcap.com, so as not to spoil my mood.

Investments are now fixed in Ethereum. I think a good price increase is possible.

[kryptqnick]

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 don't believe some shitty claims made the currency fall this time. Unfortunately, I guess the problem lies within the community this time. These goddamn Bitcoin cash fans with their disputes about restoring the original protocol because bitcoin cash is not close enough to what Satoshi's vision (ironic, because they made bitcoin cash to restore the original vision of Satoshi in the first place). Haters are always there outside the community and it's natural. Bitcoin and other cryptos show that basically banks are useless. They charge fees for transactions and storing money, require various personal data. It is way cheaper and more anonymous on blockchain.

[delphic]

I think it's either next year or never.And there of course in sight will.But next year will definitely be indicative.In General,I love bitcoin, but even I'm beginning to doubt it.Too much bad talk.(((

[ngm22585]

All sorts of individuals involved with central banks will downplay Bitcoin.

Why wouldn't they?

They know that blockchain will allow crypto to be more efficient than fiat.  They want to slow the process so that they can profit for themselves and their companies, and prolong the inevitable.

[verita1]

Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?

Thanks, iTradeBit for your post.
Because it invites the community to debate about this current topic. I have found your source that is great for me.
ECB official dubs bitcoin ‘evil spawn of the financial crisis’
Okay! I think Bitcoin will receive more analysis as well as positive and negative. Benoît Cœuré, the executive of the European Central Bank, made me reflect on his arguments. I hope bitcoin, as he says, is not "a combination of a bubble, a Ponzi scheme, and an environmental disaster" for the good of the community that believes in Bitcoin.

Remember all are theories, the practice is done by the community and while Bitcoin has the community that believes in it. Bitcoin will recover, it is unpredictable to know when? due to its complexity and its volatile system. The hope that Bitcoin will recover is expected by all.

[Dondont]

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?

this of course will be difficult to predict the fate of bitcoin in the future, it seems that recovery will not take place in a short time because interest in bitcoin and crypto will decrease and people who cause FUD should be arrested

[jojohamasa]

Banks are fighting for monumental gains threatened by bitcoin
As well as large financial entities and behind it governments are fighting to maintain control
They never think of losing it

But in the end, the train must reach its last stop.

[Coinifyx]

There was always fucking hate! in 2017 every single bank was against to Bitcoin. Therefore, I was very skeptical about Bitcoin. None of the banks supported Bitcoin. There were always haters out there but Bitcoin has seen 19K ATH.

Why should the banks support something that may radically disrupt their status in charge? It's like asking why the horse seller hates cars

The only thing which makes a horse better than a car is the liability of the asset, while the bank offers you a stable currency(assuming it is a member of the established power) bitcoin offers you speed, anonymous identity, secure storage through private keys, transaction-only fees, and many other benefits...so it's a natural hate the one they do have  

[131tc01n]

yup, bitcoin will recover and even develop from what you think.
Bitcoin may be in a bad state right now but look at a few years ago, even bitcoin was in worse condition than now and bitcoin can grow again many times

[Pursuer]

it is nothing new that during price drops every single FUDster in the world start becoming super active. they clearly see the opportunity presented to them by the small price drop and newbie panics to use it to their own advantage and spread some FUD and try to get the price lower than it should be.
most of the times they are successful like 4 days ago when they FUD bitcoin down. which is why they keep on repeating it with the same exact strategy each time until people catch on and stop falling for it.

in any case, it is a short lived drama with the drop that will be resolved pretty soon and bitcoin will be back on track of rising up. all the FUD and hate waves can not stop what matters most which is adoption...

[idontcare]

Bitcoin may be declining every day, but its value is several times higher than in 2017. It is falling so much that banks are trying to capitalize on it to create FUD, I believe it does not affect Bitcoin. Because it has overcome too much trouble so this trouble, it can easily exceed and quickly recover again.

In my opinion, it is not easy to bitcoin can recover, or return to the price of the market for a long time. But I still hope that BTC will soon be able to recover, because my money and profit are putting on it .

[BrewMaster]

There was always fucking hate! in 2017 every single bank was against to Bitcoin. Therefore, I was very skeptical about Bitcoin. None of the banks supported Bitcoin. There were always haters out there but Bitcoin has seen 19K ATH.

Why should the banks support something that may radically disrupt their status in charge? It's like asking why the horse seller hates cars

The only thing which makes a horse better than a car is the liability of the asset, while the bank offers you a stable currency(assuming it is a member of the established power) bitcoin offers you speed, anonymous identity, secure storage through private keys, transaction-only fees, and many other benefits...so it's a natural hate the one they do have 

it is not always support it is more like adapting to new world and the changes that are happening in it so that your "business" doesn't evaporate overnight just because you refused to change.
banks will surely get on board the bitcoin wagon eventually even if they are resisting right now. not to mention that most of them are saving face because the government has banned them from getting involved with bitcoin so they are saying it is bad that they don't want to not that they want to buy they are not allowed!

[pixie85]

Why does anyone in the Bitcoin community care about the opinion of central banks? It's like asking audio cassette manufacturers to give their opinion about CD players, or videotape makers to give opinions about SD cards.
The EU central bank has more things to worry about. One of them is the Euro zone not getting bigger. Many countries in the EU don't want to accept Euro and probably never will and that was the plan. To control economies with a common currency. Fail?

[dr_chen]

Centralized financial institutions always look for reasons for criticizing bitcoin. After a drop on the price of bitcoin, fiat experts start to talk about how much investing in bitcoin is risky. We see very high fluctuations in traditional financial markets and nobody even gives a proper explanation. They only try to destroy reputation of bitcoin. But we haven't see them to say something about or criticize traditional financial systems that are under influence of manipulators and speculators.