New hate wave?

[Tipsters]

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?

And then after a few months we will soon find they are adopting it and just bought before he says that hoping for a FUD. That's an old style that can be obtained in anyone in financial no matter how big of a name he is.

[alex_gr_cc]

If we look at other markets, we see that they, too, began to fall. Not as much as cryptocurrencies, but still. This indicates the mood of investors in general, in the world.

[Bourbon44]

anytime btc falls there will always be hate. gotta stay strong through this crypto winter

[Diced90]

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 was obvious that any bank representative would have a hate attitude toward crypto this is why I'm not surprised why the ECB executive board acted no differently.  As to BTC becoming so volatile is beyond annoying.

[kamBlanV]

I think negative thinking about bitcoin always be there all the time, and they think that bitcoin is a threat, and they are also happy to see the price of bitcoin fall.

but, I think that the price of bitcoin will recover again in late 2019, and 2020 is the first step for bitcoin to create an uptrend again.

[Joeyvicky]

They have hated bitcoin after seeing the divine potential of bitcoin at the expense of their banking system and i know drop ditch will not be a grounds for them to raise mmore voices but rather hoping hoping for an increase soon to silence them all. NO matter who and how they hate bitcoin we survive and make impacts.

[bvg96634]

It seems to me that the answer is in his position, just look at it - the executive board of the European Central Bank. What else could he say?

[candra raditya]

I have no doubt about bitcoin that in the future it will be able to recover, but to recover the value of bitcoin time and it can't be immediately, in Q3 2019 I think bitcoin will increase by around 6k.

[Findingnemo]

I have no doubt about bitcoin that in the future it will be able to recover, but to recover the value of bitcoin time and it can't be immediately, in Q3 2019 I think bitcoin will increase by around 6k.

Its quite acceptable but we are looking for more prices to be increased at the first quarter of 2019 and for the we can already see that the prices looking bumps which maybe the catalyst needed to induce the bull run,hopefully.

[Gary Levanevskii]

There is nothing surprising that banks do not like Bitcoin and cryptocurrencies. They see Bitcoin as a competitor for themselves. They fear losing their customers.

[asyakashi]

I want to ignore any negative news, and I always hear it from people who are full of fear and they panic. I am optimistic that the decline in bitcoin prices is normal.
and it's time to build confidence because the market is rising again.

[Vickyrichy]

Its sad that a lot people do not understand the purpose behind the creation of Bitcoin. Once people don't understand something, they try their possible to spread false speculations. Its high time people in the crypto space show the world the benefits Bitcoin presents to the financial ecosystem and the world in general.

[XbladeX]

***I would not trust banks, since they have many disadvantages and incidents.

Since banks can print how much they can and socialize cost on others "fiat" is safe.
But overtime purchuasing power of that fiat money will vanish while bitcoin should stay where it is.

Current wave is most beacouse price drop 20k>3.5k so when 80% people on market loose money they are angry.
But noone forced people buying into FOMO.

[bitbunnny]

I wouldn't be much worried about that. You have to know that many people have lost their money and because of that they blaim Bitcoin. But they forget that no one has forced them to buy Bitcoin at high price and that they had to inform themselves on everything and accept the risk. It's classic situation of blaiming someone or something else for their failure.
Many look at Bitcoin only through price and profit which is completely wrong from my point of view. So there will be always those who will dislike Bitcoin but as well more than enough those who support it.

[btc_angela]

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?

We have seen so many attacks before, so this one is not new to the ecosystem. As for the effects, maybe, but I don't think it will put a dent on the price. The bears is at new exhaustion at this point so I'm not expecting any more dumps from any negative news like this one.

[Lumi3004]

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.

[ecnalubma]

Evil spawn of financial crisis or an escape from bankers trap? Bitcoin has a limited supply however fiat can be printed unlimited without our knowledge. Bankers can say whatever their negative thoughts about crypto but they're not talking about the dark side of paper money, they hate what they can't control that's the conclusion.

[Lizzylove1]

Bankers will always lash the bitcoin, since it has the full capacity to bye-pass the traditional banking system and still stay intact with low transaction fee, without anyone telling you your cash is currently unavailable. Anything that appears to be a threat to the traditional system must be resisted. How long can they go, is subject of time.

[deisik]

There wouldn't even be a spawn from the financial crisis, "evil" or otherwise, if the reckless banksters hadn't caused the crisis in the first place

Banks were just doing their thing

Which they have always been doing. Please keep in mind that I don't try to somehow justify the banksters or anything to that tune but if we cut the crap and face the ugly truth, it is not banks or banking industry as a whole that our retaliatory wave of hate should be directed to. It is relentless and reckless consumerism of common people which is the cause of the evil and which is to blame here. Without it the damned banksters wouldn't have been able to lend so much money which people were not going to return

[pat4cryptoreal]

I do not expect the European Central Bank to give positive appraisal to cryptocurrency. So it is not strange for any of them to make negative comment. Let us focus on building and making the ecosystem strong to the extent that no amount of negative comment will have effect on the ecosystem.