IMF chief is in support of crypto. Keep holding

[Dacosta Osei-Tutu]

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

[dothebeats]

Yes, she may be in favor of cryptocurrencies, but what good does it do in our current state of affairs? Words will only be words if they aren't spearheading something that would be beneficial to cryptocurrency users and the general masses as well. See everyone supporting cryptocurrencies once a good project outline comes from them. The only thing holding back the general public into using crypto is the lack of support from the government and financial institutions, and once that is cleared out, they will come into crypto in waves that's for sure.

Short-term future cryptocurrency is headed towards destination fck*d, but long-term is future is still beautiful if the IMF is really into something for the development of cryptocurrencies.

[jimbo2000]

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

[Mahanton]

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

You do really have the point and it is indeed part of the reality where these banksters or merchants would definitely love to see for crypto to fail
specially bitcoin because they able to saw that its mainly affecting on what they do have built. These common positive views from so-called popular persons
aren't really affecting too much yet most of us normal or typical crypto supporters would definitely have the same view after all.

[arpon11]

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

That is a great statements made by IMF chief and she really spoke the reality.  We are going to have a very serious surge in investments into cryptocurrencies market in the year  2019. All this statements is like a preparations for what is going to happen next year.  We all know that blockchain technology is transparent and if the world want to used a transparent system the best thing to do is to adopt blockchain technology.

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

Yes, the important personality are becoming aware of the important of cryptocurrencies and blockchain technology.  I believe that time is going to prove to our financial agency that the world needs a system like this very one and we should keep promoting cryptocurrencies in our own ways.

[cetald]

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Unfortunately, such statements no longer have any influence on the cryptocurrency market. The market needs real action. Everyone is waiting.

[Dimon8]

She said she supports cryptography. But I did not understand how? Does she do something for the development and legalization of crypto?

[batang_bitcoin]

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

This is a fact, they don't want their customers just to go away and get out their money from the banks.

They also don't really want to see these people enjoy what crypto is giving away to everyone. IMF chief is a well known supporter of crypto and she is also giving an idea that governments could set up their own cryptocurrencies.

[hatshepsut93]

It's funny how people start screaming "to the moon" when someone famous is saying something positive about Bitcoin, but when they are criticizing it, their opinions are quickly getting dismissed. So, if this very same IMF chief have said that Bitcoin is a bubble, people here would be talking how stupid she is. This is a dangerous mentality because it's ultimately being driven by emotion towards our investment rather than logic.

[timerland]

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Quoting from that IMF report:

“Today, some enthusiasts say crypto-assets may represent the beginning of a similar breakthrough. Others condemn crypto-assets as little more than a fad or a fraud. We should not dismiss them so lightly.”

I think that's a fair judgment on things right now. There has been plenty of people out there that have either claimed that bitcoin is not going to survive, or is a ponzi scheme/pyramid scheme, etc. You name it. These people I think simply don't understand what bitcoin brings to the table, and its decentralized nature.

However, even though the IMF article showed some pretty positive stuff about crypto, it's not going to be necessarily the case on a national level where legislation and regulation is actually made.

It's still up to the governments to decide whether they would like to ban crypto (even though that would be a completely stupid idea due to the impossible task of enforcing it) or not, and what regulations they want to put in. The IMF also has not made clear whether the "crypto assets" they support are decentralized, or issued by governments. That part of it is still vague and up to interpretation.

[Osayo]

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

I actually read a post of the IMF chief, Christine Largade, saying that individual countries should consider state owned digital currencies. I am very sure this will pave further way for cryptocurrency acceptance.

[Gabali126]

We should expect to see more of this kind of support from other prominent global organisation chiefs. Crypto is moving on!

[cryptodv]

That's good news, Bank of America is also bullish on crypto. They have a bunch of patents pending for blockchain tech. Good times ahead.

[bayu7adi]

a website with a low level of trust tries to provide good news so that all cryptocurrency communities remain passionate and confident in cryptocurrency
this is good, but at least everyone has the right to get the original news that is truly valid,

[fauzan Ichsan]

That's good news, Bank of America is also bullish on crypto. They have a bunch of patents pending for blockchain tech. Good times ahead.

especially with the current declining market conditions, news like this is needed to maintain psychology. that way we will be calm to hold it even though the price drops. moreover America that issued it, of course will affect all countries

[chenhaonan]

Regardless of who supports or opposes it, I have confidence in the future of cryptocurrencies. It will not change for whom, this is a group of human awakening, cryptocurrency will certainly change the future.

[Ridwan Fauzi]

Actually, many people who have believed in the function of cryptocurrency in the future, only a problem comes when various people who counter the cryptocurrency have full power so that everyone does not know or not use cryptocurrency like the government. That is the most important part for everyone still reluctant to try to have a cryptocurrency in their lives. Hopefully, the development of technology will make everyone aware and use cryptocurrency in their lives and ignore what their government says.

[jimbo2000]

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

You do really have the point and it is indeed part of the reality where these banksters or merchants would definitely love to see for crypto to fail
specially bitcoin because they able to saw that its mainly affecting on what they do have built. These common positive views from so-called popular persons
aren't really affecting too much yet most of us normal or typical crypto supporters would definitely have the same view after all.

It is also people who are generally not in a position to make changes themselves that have these positive outlooks on crypto, they are able to admit to the benefits of it without it adversely affecting their own positions. Christine Lagarde won't face pressure from any shareholders, partners, bosses etc for expressing her opinions, whereas someone working for JPMorgan, or Goldman Sachs etc would do so.

This is a fact, they don't want their customers just to go away and get out their money from the banks.

They also don't really want to see these people enjoy what crypto is giving away to everyone. IMF chief is a well known supporter of crypto and she is also giving an idea that governments could set up their own cryptocurrencies.

I saw this about governments setting up their own cryptocurrencies but can't see any environment in which this would happen. The currencies are likely to operate alongside fiat so they're better off just incorporating blockchain technology in to already existing systems and replacing some fiat with their crypto, BUT they would remain interchangeable and actually be the same currency in practice.

Yes, the important personality are becoming aware of the important of cryptocurrencies and blockchain technology.  I believe that time is going to prove to our financial agency that the world needs a system like this very one and we should keep promoting cryptocurrencies in our own ways.

We ourselves, or the crypto community can probably actually affect change a lot more than Christine Lagarde can. Because we will be the ones pushing for the use of cryptocurrency and pressuring businesses to accept it and banks to adapt to be as efficient or more efficient than crypto currently is. That in itself is a lot more powerful than just stating your belief or support for something. At the end of the day, money talks.

[shiming]

this is a good news. It shows that more and more people pay attention to the blockchain and pay attention to the cryptocurrency. The blockchain and cryptocurrency have technical characteristics and can contribute to our life. I hope more people will pay attention to this technology.

[Gozie51]

Hopefully, the development of technology will make everyone aware and use cryptocurrency in their lives and ignore what their government says.

This is the main reason that I believe that cryptocurrency will eventually emerge as a currency used for particular digital transaction and more. The world's technology is growing and different businesses are springing up too in that line. One day, cryptocurrency will be preferred for payment at least on the internet business.