(FUD) negative statement against Bitcoin

[macson]

often occurs where when Bitcoin makes a new record ^(price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

ECB President Christine Lagarde Bullshit

Seems high compared to what? That's the problem. Bitcoin has no real value, no use case or utility, and there's no historical comparison that relates the price of #Bitcoin to the price of any other good. You also can't value it like an investment as it has no earnings or yield.

Peter Schiff Bullshit

Economist Nouriel Roubini, known as "Dr. Doom" for his pessimistic market views, said "the Flinstones had a better monetary system than bitcoin"

Dr. Doom Bullshit

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[xcaret]

Well in the banks we can have our cash frozen, and confiscated too.

Yeah I'm aware that anything not impossible , is possible . Sure just like the stock markets where fraud is occasionally costing billions , Bit Coin could cost us to loose our investment ..

 But Would you rather have money in his " secure " bank at 1% growth per year , or have an amount of cash ( that you can afford to lose ) invested in Bit Coin .. Hmmm let me ponder this, 1% profit per year ( the cost of living goes up higher than that ) or 400 and upwards % profit ,as we have seen several times in 10 years ..

 Hmm $1 per Bit Coin in 2010 to over $30,000 in 10 years . hmmm , I just can't make up my mind ,I better ask my financial advisor at my trusted local bank .     

[passwordnow]

That is not a new news. IIRC, that news came when bitcoin has been soaring and got to hit $40k-$42k which has obviously made it well after such statements. But it's just a warning to those people that don't understand bitcoin and they can say whatever they want to say as a warning, as an advise or a not so good advise for those investors that wants to try it. It happens all of the time whenever bitcoin is at high or if it's at low.

[The Cryptovator]

The bank, a centralized organization wouldn't like a decentralized ecosystem. So I am not surprised about that statement. Anyway, it's his/her own opinion, this isn't any regulation from the central banks. They want to stop bitcoin where it is adopting worldwide. Personally, I think we shouldn't afraid of these comments. I don't see any way to lose the entire investment. Because it's a community-backed cryptocurrency and it's quite impossible to break this community forever. There will always someone who will use bitcoin, doesn't matter if it's not supported by the central government or banks. I will say, they should prepare to accept bitcoin as a global digital currency.

[7788bitcoin]

I agree with one of her points, bitcoin is a highly speculative coin and if you are not careful about your investment you are bound to loose money but it depends upon how smart you are in understanding the market and not to invest when the market is in its highest valuation expecting the price to rally further, in any asset the entry is important and i will not advice anyone to invest now.

[avikz]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

Bitcoin is a currency system that eliminates the need of an intermediary. Banks act as an intermediary and that's their main business. So it's no surprise that banks are assuming a threat from cryptocurrencies. It's prominent like borad daylight! Banks will soon start with bigger campaigns against bitcoin around the world. Because if bitcoin gains major prominence, the need of having a bank will be eliminated! So their anger and worry is real!

[Wysi]

These are intimidation which banks and regulators used as a plan to distance users from bitcoin but they should realised it's too late as users know what they are doing and not gonna buy thier fake negative stuffs. I am bit surprised to see how low they could steep in order to control our assets which is not possible for them when we use Bitcoin.

[Bitcoinislife09]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

This is just some bank member opinions and we see so many people that do not like bitcoin also even some people do not believed in bitcoin at all in the start where bitcoin still have a low value they think that bitcoin was just a joke and will not worth anything in the future or just a waste of money but its been different through the years and now bitcoin is on very high value. For sure for someone who is working and related to banks will have this kind of perspective in the cryptocurrency or in the bitcoin because bitcoin is like an enemy to them and could be the reason why banks could fall in the future.

[mindrust]

I don't see anything wrong with what she said.

Aren't you ready to lose everything you got in crypto? If not then you shouldn't be holding.

Do you think the war between the central bankers and the crypto holders will happen by throwing flowers to each other?

You are trying to hurt them and if you think they'll silently accept it you are delusional. This is not going to be like "turn your other cheek" crap. They will hit you back. If you are not ready for this do not hold. This shit isn't for you.

[iv4n]

I agree with one of her points, bitcoin is a highly speculative coin and if you are not careful about your investment you are bound to loose money but it depends upon how smart you are in understanding the market and not to invest when the market is in its highest valuation expecting the price to rally further, in any asset the entry is important and i will not advice anyone to invest now.

And in the end Bitcoin is making new records... Now even people who bought 2017 top are now in profit! Of course, they had to wait a bit longer, but if they didn't lose faith maybe they invested more when the price was at $3k-$4k range! We probably have a similar situation with people who bought over $40k, they will have to wait, and doesn't matter how speculative Bitcoin is they will get to their point eventually!

In years here I saw many negative statements against Bitcoin and alts, about the entire crypto market and crypto services... we are growing despite all odds! And I think this and similar statements can't do anything about that, maybe they will slow the process of adoption, but I believe that will happen eventually... in 5 or 10 years, maybe 20.

I don't see anything wrong with what she said.

Aren't you ready to lose everything you got in crypto? If not then you shouldn't be holding.

Do you think the war between the central bankers and the crypto holders will happen by throwing flowers to each other?

You are trying to hurt them and if you think they'll silently accept it you are delusional. This is not going to be like "turn your other cheek" crap. They will hit you back. If you are not ready for this do not hold. This shit isn't for you.

Nice comment! With crypto to the top or to the bottom!

[ChrisPop]

Obviously central bank officials will take an opposing position regarding Bitcoin and cryptocurrencies in general, but that doesn't mean they can't change their mind in a flash. We've seen some precedents in the institutional world (eg. JP Morgan).

[mindrust]

Obviously central bank officials will take an opposing position regarding Bitcoin and cryptocurrencies in general, but that doesn't mean they can't change their mind in a flash. We've seen some precedents in the institutional world (eg. JP Morgan).

JP Morgan is a scammer. Keep JPM out of this. I wouldn't want a friend like JPM they are probably doing more harm than good.

[Yamifoud]

Obviously central bank officials will take an opposing position regarding Bitcoin and cryptocurrencies in general, but that doesn't mean they can't change their mind in a flash. We've seen some precedents in the institutional world (eg. JP Morgan).

They are doing this before last 2017 Bullrun but somehow they still failed to make it.
They are doing this to create panic and those weakhands holders will sell in panic and made a decision to get back fiat again. I can't disclose such a scenario as we know that not all holders are strongly believing Bitcoin but some of them just got caught by attraction due to market surges and once they heard negative and FUD's, they are easily giving up.

[serjent05]

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

Well, there is always risk involved when one is into an investment venture.  This kind of stuff is not new.  Rather than just telling investors to be prepared in losing their investment in Bitcoin, the authority should be more aggressive in pinpointing and shutting down companies that exploit the decentralized nature of Bitcoin and use it to scam people.  They just keep on repeating the obvious in any kind of investment just to have a say on the issue.

[CarnagexD]

Bold of them to say such claims when the banking industry does this for lunch. If anything, shady business in bitcoin is a bit more justified and humane compared to what thw bakijg industry allowed their customers to partake in. Graft and Corruption? Money Laundering? Human Trafficking? Banks know this more than anyone else in the room and they don't want competition, that's why they are desperately trying to deface bitcoin off the public's interest.

[chaser15]

Just let them throw their negative views about bitcoin. Everyone is free to do that.

On your part, will you follow it or not?

Stand on what you think is right.

[vintages]

When fiât, particularly dollars or euro is ignored, many bullshit start arising.
I personally stan with bitcoin though, no matter what. Anyone who shakens because of statements like this, is not ready for the future.
She said Bitcoin is not a currency and that's because they have not 'officially' declared it.
At this point, I think their words don't holds much value.

[20kevin20]

I usually share my view over BTC and crypto, but I am starting not to give a damn anymore about those threats since too many people just take them so seriously word by word.. it takes only a few brain cells to notice that any currency has a very significant amount of money laundering done through them, be it Bitcoin, Gold, USD or anything else.

People are too brainwashed by certain strangers they have no relationship with. If a stranger can influence your life so much, then sorry but you don't deserve a proper opinion of mine.. this is how I take it. Negative sentiments will always be there where the rich are threatened.. it's the easiest way they push away potential investors from their threat.

[Rengga Jati]

Issues like this have occurred frequently and have no effect at this time. Society has become increasingly smart about this Bitcoin. So funny if there are still parties that make this kind of issue. Is there no other issue?  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

Everybody knows about it, crypto is fluctuating and very volatile. This is one of the main characters f cryptocurrency, moreover Bitcoin. That is why if we are ready for crypto, we must be also ready with this volatility. And do you know? From this volatility, sometimes we make big profits. It will be okay as long as we are not panic and we believe in what fundamental and technical analysis to be for the crypto. This is also the risks in cryptocurrency. There are always two terms:
- Profits
- Loss as the risks
This will never be separated.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

If you only speculate about the price of Bitcoin or other countries, you may really not really know about crypto. That is why we don't only expect speculation. We need certain analysis whether from fundamental and also technical analysis. If you only invest in crypto based on speculation or hype or FOMO, this is ended.

Briefly, this is only about how we can manage our funds, investment, being ready for the risks and profits, and also how we manage the risks, funds, and also analyze the market. Let them to be them and we are us.

[Shasha80]

I am not surprised if the government and banks give negative statements against Bitcoin, because they feel threatened by the presence of Bitcoin.
Though they don't need to do that, because I don't think Bitcoin will threaten fiat or replace it. Bitcoin was created as a payment alternative for fiat,
so it is easier for people to make financial transactions on the internet. Sometimes the government is often overreacting to Bitcoin, but today's
society is getting smarter and will not be affected by negative statements about Bitcoin.

[Travel Standard]

This kind of message are just to deprive new investors. Old investor in bitcoin know the value of bitcoin and bank both.
Infact Bank failed to attract investor as they pay only 1%-2.5%. Which is very low .
In other side just imagine if some one started trading 5 year back when price 5000$ now price is 600%.

[Nora Olin]

I don’t think what she said makes sense, but it cannot change the unstoppable reality of Bitcoin. As long as someone recognizes its value, even if it’s not a currency, it’s impossible to clear the value, not to mention more and more celebrities and large companies. Start holding Bitcoin, cryptocurrency will not affect development because of the speech of which organization

[Kimbe79229]

Personally, I’m not sure why people invest in such assets, but they clearly treat Bitcoin as an asset. Bitcoin is not currency, but it still has value, and it cannot be cleared

[panganib999]

I am not surprised if the government and banks give negative statements against Bitcoin, because they feel threatened by the presence of Bitcoin.
Though they don't need to do that, because I don't think Bitcoin will threaten fiat or replace it. Bitcoin was created as a payment alternative for fiat,
so it is easier for people to make financial transactions on the internet. Sometimes the government is often overreacting to Bitcoin, but today's
society is getting smarter and will not be affected by negative statements about Bitcoin.

Thatis definitely true. Bitcoin became one of the most probably helpful things when it started to roll out. Bitcoin became the main attraction for many investors, traders, gamblers and people who wants to earn. Government just want to make a part out of it and just want to earn or have part. They feel threaten because of the fact that bitcoin transactions are good online yet before there was no tax made out of it. I think negative statement won't make or effect how bitcoin improves as the year passed by. Bitcoin will be more progressive today and as well as it will tomorrow. Government can't control it making it or that why we called it decentralized. Negative statements will just make it stronger and even more better.

[0t3p0t]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

Nothing to worry about that statement because as soon as we enter in the Bitcoin industry we already know it's volatility, high risk and a high speculative asset we posses. That may discourage newbies and other people to get involve in Bitcoin but not to those who know it better.

[DSRUK36]

I wouldn't worry too much. There are still plenty of crypto friendly banks.... for the moment anyway. I know a bank whose owner is personally trading bitcoin on the side for fun. He does 20 mill a month through the books (his own "coin desk" he recently set up) and 40 mill off the books. While ever there is volume like this flying through the hands of people who's vested interests are keeping their wealth off the tax man's radar. Bit coin will get stronger and stronger. I'm only now personally getting into all this and he is the reason. He's dumping millions into it and his friends are too. The only obstacle is folks like him need to get up to the level tech wise they need to be to stay one step ahead. As long as they can and the network can survive (possibly move to dark web?) then it isn't going anywhere. The only real possibility of damage they (regulators etc) could do, is to the future many envision of it becoming a tool of ordinary people buying ordinary things.

But for big boys and criminals they have gotten used to the benefits of crypto now, so I do think it's here to stay!

[maculeth]

we cannot blame that statement because it is true. bitcoin is not a highly speculative currency and asset. We do run the risk of losing all our money when the market is bearish, but we can also take profits when the market is bullish. it's just, which period we will be in.

[LogitechMouse]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

If you're considering this as a negative news then there is a problem with you already.

I don't see this as a negative news but rather a warning because it is true at some points. You might lose your entire investment in Bitcoin if you are doing wrong decisions like buying at peak then selling at bottom because of panic selling.  It is also true that Bitcoin is a highly speculative asset and many of us here will agree on that too. It is a currency at least but as of now, it is being counted as an investment or rather an asset for us.

No negative news here. Just a warning. In the end it will be your decision that matters .

[Evilish]

I mean there is some truth to the statement. While I don't believe "prepared to lose their entire investment" is the right way to put it, if past is any indication, those investing in BTC should be prepared to lose majority of their investment in terms of fiat.

I think that's a risk most Bitcoin holders understand.

[shoreno]

the first part of the qoute  is only a mere warning on how risky bitcoins are but i dont find a threat  to bitcoin with those words but the last part shows how they make fun and define bitcoin like they dont know it because why would they say bitcoin is only an asset when infact btc is supposed to be a currency or can also work as a currency .

if not because of that sentence i will not hate banks anymore because i thought they have changed now as they sound sincere but they still have a hidden desire

[pooya87]

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

I don't see any problem with this warning, in fact every expert in bitcoin world has also issued the same warning to newcomers. All the while we keep seeing newbies lose their money "investing" in bitcoin to hacks, exchange scams, other scams,...
And they never single out bitcoin, they always say "cryptocurrencies" because when there is a small risk of losing money in bitcoin, the losses in altcoin market are guaranteed and are inevitable.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

This part is simply bullshit. Bitcoin is as it has always been a currency. Only corrupt individuals fail to see that.
Besides if it were possible to launder money using bitcoin with its most transparent ledger then US banks would have been all over bitcoin for their own money laundering operations.

[CryptopreneurBrainboss]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin. 

We're now used to this kind of fud, it's no news anymore and we won't be seeing any less of them in the shortest timeframe because of recent the development of the industry which is making the government and bankers feel threaten by the massive growth of the industry. The institutional investors are pouring in, in their numbers which means the funds they previous have control over are getting out if their reach as the decentralized nature of the industry makes it hard for anyone to have full control of the funds in the crypto market unless the exchange and other centralized service are involved.

I believe all users already in the industry knowns this is a very volatile market and the risk associated with it can make you lose all your capital or make massive gains in the shortest time possible. They (the bankers) don't need to keep spreading fud with the same statement each time the market shows positive energy. The hate is the reason for this their behavior and it's becoming old as no more effect their fud have on the market compared to years back.

[maxreish]

Criticisms always exists. One of them trying to discourage us is the European Bank which definitely wanted us to leave our investment with bitcoins.  While I agree that bitcoin is a speculative asset but investors tend to know this risk before engaging into it.

And this,

The president of the European Central Bank has called for greater regulation of BTC, after linking its use to global criminality and money laundering, according to reports.

Which has a point and just what I am right with my thought that there must be a reason behind those statements. Criminals often use bitcoin nd other cryptocurrency to mask their identity that makes the European bank tighten their regulations.

[Lucius]

Warnings are always welcome, especially if it's about something most people don't understand at all, and Bitcoin is still a big unknown to many. Of course, everyone focuses on price as a factor that can cause someone a financial loss, but what about the fact that a large part of investors completely ignore the security factor and lose their investment because they are hacked in one way or another?

People need to be educated not to find themselves in such situations, because anyone who becomes a victim of their ignorance will first blame Bitcoin as a Ponzi or MLM scheme, before admitting that they themselves have done something wrong.

Negative news in the true sense are those that link Bitcoin to money laundering, terrorist financing, ransomware, or environmental destruction.

[Sterbens]

we don't care what they are saying, because basically they really don't like the presence of bitcoin which has changed people's paradigm in saving their money. Bankers don't like our money being stored in bitcoin and leaving monthly deposits with the bank. so the more booed bitcoiner will be even craze and form a new force in stemming their dislike.

[rodskee]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

The thing here is about what would be their action when the price of Bitcoin increase again? they will sell and profit and wait for another dump again to buy ? does the cycle really helping the crypto community or just helping this Sucker ?

I would rather Love seeing Bitcoin price staying Low than these suckers take every drops of the profit for their own greediness .
we are here to help Crypto increase the momentum and the availability and not to profit and run after.

[gurunanakji777]

Still, there is no effect of such warnings. We all know it's a decentralized thing on the other hand banks are centralized. We know they can not control Bitcoin So from time to time we heard such news or warning by higher officials. I must say one must always prepare for any situation in the crypto space and should invest only that much amount that he/she can afford to lose.

[masterzino]

It seems like a standard government's tactics to scare the ordinary people about how evil are cryptocurrencies.

Twenty days ago, the UK regulator FCA 'warned' about the thing: Bitcoin: be prepared to lose all your money, FCA warns consumers (https://www.theguardian.com/business/2021/jan/11/bitcoin-be-prepared-to-lose-all-your-money-fca-warns-consumers-risk-productis-cryptoassets).

I don't think anybody investing in crypto believes these 'regulators'.

[haidil]

Still, there is no effect of such warnings. We all know it's a decentralized thing on the other hand banks are centralized. We know they can not control Bitcoin So from time to time we heard such news or warning by higher officials. I must say one must always prepare for any situation in the crypto space and should invest only that much amount that he/she can afford to lose.

That's right, we must be able to prepare for all situations, and invest in crypto according to our capabilities and be prepared to lose. because the value of crypto is not as stable as we could lose the value of our assets.

[kentrolla]

Well banks are always against the decentralized system because the reason I think is BTC can't be controlled by anyone in the world and definitely this will impact their business and the reason may be due to there is no value for the price who knows this might be even a type of FOMO which will make the BTC price drop as the panic seller's are always there in every market, and I believe many know what exactly happened last week just a single word from Elon musk Boomed the market for couple hours it's all in game so need not to worry just follow the market trend.

[bassbity]

I am actually happy if there are people who insult bitcoin, which means that it indicates the presence of bitcoin is increasingly becoming the center of attention, because behind them they are worried that there are threats that will disturb bankers. Bitcoin users are increasingly embarrassing their babbling, so they try to shake us up but in fact it will have no effect on our contribution to bitcoin. We will continue to need them, as our reference in the future.

[kpierce77]

I am not surprised if the government and banks give negative statements against Bitcoin, because they feel threatened by the presence of Bitcoin.
Though they don't need to do that, because I don't think Bitcoin will threaten fiat or replace it. Bitcoin was created as a payment alternative for fiat,
so it is easier for people to make financial transactions on the internet. Sometimes the government is often overreacting to Bitcoin, but today's
society is getting smarter and will not be affected by negative statements about Bitcoin.

I mean this is natural. the decentralized system is in stark contrast to the economic system implemented by banks. they will definitely feel that when bitcoin starts to grow rapidly and people start to switch to using bitcoin then at that time the bank will go bankrupt. Although currently people who use bitcoin are still not compared to banks, look at their reactions. every time bitcoin breaks a new record, one of the board members of a particular bank will issue a statement such as bitcoin may become 0, bitcoin without a clear regulatory basis and others. because they know that bitcoin will start to take over their financial system

[Ridwan Fauzi]

I'll be happy if there are something bad happen, I mean some people who didn't like bitcoin and they have a power to change the sentiment market until many people will be afraid of it and they will sell bitcoin as they had. This thing will make bitcoin price fall, yeah I hope it because I'll buy more when its price just dumped becauss panic selling. I'm willing to sell my asset like home and land to buy bitcoin when its price is far from its all time high.

Because I'll always a faith that bitcoin can touch and even pass its previous all time high although it need a long time like two years like has happened now. Bitcoin has been considered as a store of value when the economic in all countries is in a chaos and at that time bitcoin will be a belle for every investor.

[death69]

I personally think that this advice is still useful because it raises the potential risk in bitcoin whereas people are driven crazy by this asset. You need to understand the fact that investing in any asset can make you lose all of your money if you do not have enough knowledge and experience unless you are lucky enough.

But for sure that they have a small imply of criticizing bitcoin. Centralization does not want to cooperate with decentralization. The more decentralized people are, the more power they have. Central banks will be damaged by this innovation and of course, they will do many things to prevent the situation to happen

[Silberman]

That is not a new news. IIRC, that news came when bitcoin has been soaring and got to hit $40k-$42k which has obviously made it well after such statements. But it's just a warning to those people that don't understand bitcoin and they can say whatever they want to say as a warning, as an advise or a not so good advise for those investors that wants to try it. It happens all of the time whenever bitcoin is at high or if it's at low.

It is always the same story, when the price of bitcoin begins to go up and it is impossible to stop people from looking at bitcoin and then compare the money they receive from having their money in a bank, if they are receiving anything that is, then banks and governments begin to make all kind of negative comments against bitcoin to try to discourage people from coming to this market, and I get it, they are so powerful they do not want to lose what they have and they see in bitcoin a threat that no matter what they do they cannot kill directly and that is what scares them.

[AakZaki]

Those who make negative news about bitcoin when the price of bitcoin goes up only want to buy bitcoin at a low price. They hoped that bitcoin would go down when they spread the negative news. it's just a manipulation for their own sake. There was a lot of negative news about bitcoin when Bitcoin reached the new ATH. It's no wonder anymore, but when the bitcoin price is really below a lot of positive news that will emerge.

[macson]

I don't see anything wrong with what she said.

Aren't you ready to lose everything you got in crypto? If not then you shouldn't be holding.

Do you think the war between the central bankers and the crypto holders will happen by throwing flowers to each other?

You are trying to hurt them and if you think they'll silently accept it you are delusional. This is not going to be like "turn your other cheek" crap. They will hit you back. If you are not ready for this do not hold. This shit isn't for you.

This shit isn't just for me but for all of BTC HODLER (including me and you maybe)  

It is always the same story, when the price of bitcoin begins to go up and it is impossible to stop people from looking at bitcoin and then compare the money they receive from having their money in a bank, if they are receiving anything that is, then banks and governments begin to make all kind of negative comments against bitcoin to try to discourage people from coming to this market, and I get it, they are so powerful they do not want to lose what they have and they see in bitcoin a threat that no matter what they do they cannot kill directly and that is what scares them.

you are right, i wonder last year when the price of Bitcoin was only around $ 6k, there was not a single negative word or threat to Bitcoin holders.  but when the Bitcoin price goes past $ 20k -> $ 30k -> even $ 40k the governments just like beards fires and panic.  i salute people today who see reality more than mere dreams, Bitcoin is very real giving profits while the Bank provides imaginary profits.  

[carlfebz2]

Those who make negative news about bitcoin when the price of bitcoin goes up only want to buy bitcoin at a low price. They hoped that bitcoin would go down when they spread the negative news. it's just a manipulation for their own sake. There was a lot of negative news about bitcoin when Bitcoin reached the new ATH. It's no wonder anymore, but when the bitcoin price is really below a lot of positive news that will emerge.

Thats how market do behaves when it comes to sentiments that do just pop out from nowhere.You can really see those kind of sentiments when a certain price had been reached out.

Its a kind of manipulative way of doing things specially for those big players in the market where making fud or fomo will really be a sure thing for their own advantage.

If you are an investor and really goes after or follows on fundamentals then this one would really be frustrating or really would making you got confused but with experience
you can able to differentiate which one you should react or would just simply ignore.

[imstillthebest]

Those who make negative news about bitcoin when the price of bitcoin goes up only want to buy bitcoin at a low price. They hoped that bitcoin would go down when they spread the negative news. it's just a manipulation for their own sake. There was a lot of negative news about bitcoin when Bitcoin reached the new ATH. It's no wonder anymore, but when the bitcoin price is really below a lot of positive news that will emerge.

i bet they are pissed off right now because after they released a negative news like this the price still stays at the same level no big dumps are reported  .
why wont they not do the plan b and that is to buy btc now while its cold. they can do that because they are banks and banks have big money .
they can also print money if the remaining money are not enough and put it all in btc than waste time waiting

[pixie85]

Since it's said by a representative if the central bank I'm all ears.

After reading this I know that now it's getting serious, time to sell all my bitcoins because the central bank told me to

My question to him: If I invest in Deutsche Bank or some Cyprus branch, should I not be prepared to lose all my money?

[Yatsan]

Negative statements with regards to Bitcoin is not already a new issue for the fact that even when Bitcoin is first established and getting popular, lots of people, institutions and even government have lots to say about Bitcoin which only few are good and mostly statements are negative to be taken but look at those people stating negative comments about Bitcoin is finding their way thru to acquire and to engage on the success Bitcoin is experiencing. It is natural on mankind to criticize or bash something they do not fully understand because they are merely speaking based only on what they understand and not what they know. Let them be, because there are too many years that have passed but still Bitcoin make it a point to prove itself worthy.

[Silberman]

Those who make negative news about bitcoin when the price of bitcoin goes up only want to buy bitcoin at a low price. They hoped that bitcoin would go down when they spread the negative news. it's just a manipulation for their own sake. There was a lot of negative news about bitcoin when Bitcoin reached the new ATH. It's no wonder anymore, but when the bitcoin price is really below a lot of positive news that will emerge.

i bet they are pissed off right now because after they released a negative news like this the price still stays at the same level no big dumps are reported  .
why wont they not do the plan b and that is to buy btc now while its cold. they can do that because they are banks and banks have big money .
they can also print money if the remaining money are not enough and put it all in btc than waste time waiting

The problem for them is that the people that form part of this market no longer care about what they say and instead take a look at their actions to decide what to do, while they say all of this bad things about bitcoin at the same time they are printing more money as if that is somehow going to help the economy, people are seeing this and they see that the government does not want to stop doing this so they look for alternatives, and bitcoin is by far the best alternative we have at the moment.

[macson]

snip

snip

The problem for them is that the people that form part of this market no longer care about what they say and instead take a look at their actions to decide what to do, while they say all of this bad things about bitcoin at the same time they are printing more money as if that is somehow going to help the economy, people are seeing this and they see that the government does not want to stop doing this so they look for alternatives, and bitcoin is by far the best alternative we have at the moment.

the government didn't solve anything during this pandemic, depending on them will only make us die slowly.  the economy has been greatly helped by the presence of Bitcoin, a very extraordinary investment alternative.  move independently -> the best self-defense.  Bitcoin has left the government speechless with their disgusting saliva.  With the price of Bitcoin continuing to go crazy, I'm curious about what they are planning, will they issue another nasty statement!!

[mezzaluna]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

This is just surely something that they are currently doing to at least mitigate the rise of Bitcoin's value because they are really scared to be over run or be surpassed by something digital and lose their credibility in the financial world. They really cannot do a thing about it and this is one result which is saying that they have no trust on it. It is true about the things that they have said but it is still possible for Bitcoin to have a great run this year and most people already knew what they are saying about it. Its an volatile investment so most people already knew about losing all of their investments in an instant so I guess they are just stating the obvious.

[macson]

In a speech on “payments innovation,” Deputy Governor Tim Lane said costly verification methods and unstable purchasing power makes cryptocurrencies like Bitcoin a “flawed” method of payment.

finally, I found the perfect moment for this picture lol


https://www.bloomberg.com/news/articles/2021-02-10/crypto-boom-is-speculative-mania-bank-of-canada-s-lane-says
https://financialpost.com/investing/crypto-boom-is-speculative-mania-bank-of-canada-deputy-says

[pixie85]

In a speech on “payments innovation,” Deputy Governor Tim Lane said costly verification methods and unstable purchasing power makes cryptocurrencies like Bitcoin a “flawed” method of payment.

finally, I found the perfect moment for this picture lol


https://www.bloomberg.com/news/articles/2021-02-10/crypto-boom-is-speculative-mania-bank-of-canada-s-lane-says
https://financialpost.com/investing/crypto-boom-is-speculative-mania-bank-of-canada-deputy-says

The picture sums it all up in a funny but true way. A central bank will never support any form of private money just like a government will not allow anyone to claim sovereignty.

In today's world we aren't free. We use someone else's money, live on someone else's land, drive on roads that belong to someone else with cars that we have to pay fees for every year and we pay taxes for belonging to a group that we cannot sign out of.

Bitcoin is the beginning of a big change and they know it.

[isaac_clarke22]

Uhmm. Isn't it that when you invest, you're willing to really lose your money? Not just in Bitcoin but to other methods of investing as well?
These central authorities are just trying to control people to not invest in something pseudonymous because surely they wouldn't be able to trace people's money directly unless they use an online wallet and get tracked to verified IDs.

[vintages]

Have you seen anyone or anything successful that has not encountered any negative comments from people or bodies who feel threatened? This negative comments just shows those who believe in Bitcoin are on the right path.

Every business and investment has a percentage of risk and so its Bitcoin. All those who gets furious of any little price drop are those who expects quick magic.. It's does not work that way.

[Silberman]

The problem for them is that the people that form part of this market no longer care about what they say and instead take a look at their actions to decide what to do, while they say all of this bad things about bitcoin at the same time they are printing more money as if that is somehow going to help the economy, people are seeing this and they see that the government does not want to stop doing this so they look for alternatives, and bitcoin is by far the best alternative we have at the moment.

the government didn't solve anything during this pandemic, depending on them will only make us die slowly.  the economy has been greatly helped by the presence of Bitcoin, a very extraordinary investment alternative.  move independently -> the best self-defense.  Bitcoin has left the government speechless with their disgusting saliva.  With the price of Bitcoin continuing to go crazy, I'm curious about what they are planning, will they issue another nasty statement!!

I think this has been a shocking realization for most people, the dependence on the government has been encouraged by them for decades and people simply accepted the fact that whenever something bad happens the government is going to be there to protect them, but now they are realizing that is not true and the best way to protect yourself is by doing something yourself and bitcoin is offering to all of those people that have opened their eyes an opportunity to do so regardless of what they say.

[angrynerd88]

It is true there's continuously chance included when one is into an venture wander. This kind of stuff isn't modern. Instead of fair telling financial specialists to be arranged in losing their speculation in Bitcoin, the specialist ought to be more forceful in pinpointing and closing down companies that abuse the decentralized nature of Bitcoin and utilize it to trick individuals. They fair keep on rehashing the self-evident in any kind of venture and no onw can stop Bitcoin now.

[Casdinyard]

Nothing's new and I think many people in this industry will agree. There will always be people who will be negative about something or anything in which they are not really putting themselves into it. Lack of knowledge about that certain thing? Well, it is just hard to tell. Many people have said or warned investors to stay away from crypto investments because it is risky. The stand of the investors regarding this, is that no investment has no risk. So it would be obvious that those investors will always choose to continue despite of those warnings simply because they know what they are doing. It is money we are talking about and no person in the right mind will throw their money away without having intentions of either getting it back or getting more.

[ecnalubma]

Those warning should not be ignored and heard it already from different personalities. Its a basic thing that every investors should know what they are buying whether its stocks, bitcoin or crypto, banks they are all risky. Bitcoin unlike any other assets its unique because of its technology, supply structure and purpose, lets just assume that people knew these.

[molsewid]

Those warning should not be ignored and heard it already from different personalities. Its a basic thing that every investors should know what they are buying whether its stocks, bitcoin or crypto, banks they are all risky. Bitcoin unlike any other assets its unique because of its technology, supply structure and purpose, lets just assume that people knew these.

Yes and that is not new in this market  and it not false accusations though, they are just concerned to their citizens and other people who invested in bitcoin without thinking the high risk of investing in bitcoin because of its volatility, people now invested because of someone and because they only see that in news, they did not do any proper researches, that negative statement is not negative for me it is just a warning that we should be accountable for any decision that we make and think that invest only what we afford to lose.

[Imran232]

This type of shit news can not affected on bitcoin. Because it is future. And we know that they are doing this intentionally because they are afraid if bitcoin will be peoples first choice then users do not need any bank to hold any money plus users do not need to worry to send money to others no matter how big is the amout of payment. So theu are little bit tensed about crypto and afraid too. That is why they are trying to make negative news about crypto and try to ban this technology oj their country. No matter how much time you guys try you won't be successful. Because it is a future technology for the world.

[SaShiRaJaVu]

Have you seen anyone or anything successful that has not encountered any negative comments from people or bodies who feel threatened? This negative comments just shows those who believe in Bitcoin are on the right path.

Every business and investment has a percentage of risk and so its Bitcoin. All those who gets furious of any little price drop are those who expects quick magic.. It's does not work that way.

If you look at the overall market there is no competition and you could only see negative comments from organization  who just want to trash bitcoin and cryptocurrency even though invest in them behind the back. We have seen many negative opinions but we cannot expect them to be the ultimate response. We have a general idea about the market but it is difficult to predict the market.   

[macson]

This type of shit news can not affected on bitcoin. Because it is future. And we know that they are doing this intentionally because they are afraid if bitcoin will be peoples first choice then users do not need any bank to hold any money plus users do not need to worry to send money to others no matter how big is the amout of payment.

we are fortunate to be in 2021 (the year many large institutions invest in Bitcoin) If this is still 2017 or 2018 then this kind of shit news will greatly affect the value of Bitcoin because there will certainly be many who panic selling out of fear or being affected by statements from the government.

[Alucard1]

Well, this is not surprising, this thing is such a normal thing for the central bank to give a negative statement about bitcoin because the central bank and government do not want decentralization so they keep on making such statements like that but don't worry because the central bank cant does something to kill bitcoin community.

[Silberman]

Nothing's new and I think many people in this industry will agree. There will always be people who will be negative about something or anything in which they are not really putting themselves into it. Lack of knowledge about that certain thing? Well, it is just hard to tell. Many people have said or warned investors to stay away from crypto investments because it is risky. The stand of the investors regarding this, is that no investment has no risk. So it would be obvious that those investors will always choose to continue despite of those warnings simply because they know what they are doing. It is money we are talking about and no person in the right mind will throw their money away without having intentions of either getting it back or getting more.

This is correct but at the same time most people that say bad things about bitcoin either do not know what they are talking about or they never tell the whole story, they say that there is a lot of risk in the market of cryptocurrencies and it is correct but what they do not tell you is that the bigger the risk the bigger the rewards and that those people that just bought bitcoin when it was relatively cheap and just kept holding are the ones that have obtained the biggest profits, profits that are bigger than anything that you could get around the world regardless of the asset in which invested.

[Kong Hey Pakboy]

Well, this is not surprising, this thing is such a normal thing for the central bank to give a negative statement about bitcoin because the central bank and government do not want decentralization so they keep on making such statements like that but don't worry because the central bank cant does something to kill bitcoin community.

I'll say that's the main reason. It's really funny they try to destroy bitcoin's reputation in others; especially to those normal citizens who have little information about it. To avoid cryptocurrency ruling over let's say, a major population of the country, of course the government will try to stop these and of course they won't want others to 'dominate' in this field. Whatever they may say, it won't affect much since at first they try to deny the goodness of having cryptocurrencies especially bitcoin, and they lack knowledge about it.

[Renampun]

...

I'll say that's the main reason. It's really funny they try to destroy bitcoin's reputation in others; especially to those normal citizens who have little information about it. To avoid cryptocurrency ruling over let's say, a major population of the country, of course the government will try to stop these and of course they won't want others to 'dominate' in this field. Whatever they may say, it won't affect much since at first they try to deny the goodness of having cryptocurrencies especially bitcoin, and they lack knowledge about it.

I look at what happened when Bitcoin continued to increase in value...
Bitcoin will not be separated from the government and other groups that hate it. governments and certain groups think Bitcoin is a threat and they don't want Bitcoin to get the attention of many citizens, they just keep trying to control everything and don't like decentralization. decentralization will only hurt them so they need to have a bad opinion about Bitcoin.

[Silberman]

This type of shit news can not affected on bitcoin. Because it is future. And we know that they are doing this intentionally because they are afraid if bitcoin will be peoples first choice then users do not need any bank to hold any money plus users do not need to worry to send money to others no matter how big is the amout of payment.

we are fortunate to be in 2021 (the year many large institutions invest in Bitcoin) If this is still 2017 or 2018 then this kind of shit news will greatly affect the value of Bitcoin because there will certainly be many who panic selling out of fear or being affected by statements from the government.

I think that not everyone has realized how things have changed, institutional investors have finally come to this market and thy are not going to be so easily scared as those that held those coins before, this is great news and it means that governments and the media will no longer be able to manipulate the price and try to make it crash with just a few negative comments as they did in the past, and once they realize this then most likely they will try to take more serious measures like more regulation but even with that I do not think it is going to be enough to make the price crash as it did in the past.

[MCobian]

It is not surprising to know that there have been negative statements from the government regarding the volatile price of Bitcoin. Several times
the government has issued negative statements about Bitcoin, but it has no effect on demand for Bitcoin. Because now people believe in
the potential of Bitcoin more and more, therefore more and more people are investing in Bitcoin. The very high increase in the price of Bitcoin
in 2021 has proven that Bitcoin cannot be stopped. So the negative statement or FUD regarding Bitcoin for now in my opinion has no effect anymore.

[ivankoh]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

Well, perhaps the supernatural loss or bankruptcy from the 19 covid situation suggests one thing that they have come down more seriously than the manifestations of bitcoin.  Any case will reveal their disadvantages.  Bitcoin and defi will set the stage for innovation in the world, until they realize that bitcoin is really useful and that widespread bitcoin adoption needs to be replicated.
This proves that CEO Binance has given 1% ranges for an institutional company around the world to go into bitcoin (not bank), and sure, hundreds of thousands of other companies are also out of the bank and if holding bitcoin(for 1%).  It gives the supernatural impetus to the bitcoin price to continue at $ 100k and to $ 500k.  If you really chase after bitcoin and know how important bitcoin is, look at the many aspects.

[In the silence]

Those warning should not be ignored and heard it already from different personalities. Its a basic thing that every investors should know what they are buying whether its stocks, bitcoin or crypto, banks they are all risky. Bitcoin unlike any other assets its unique because of its technology, supply structure and purpose, lets just assume that people knew these.

Yes, everything is risky for stocks, bitcoin or crypto, thus, crypto is more like near future currency that can be gain today. Unless you research about how cryptocurrencies works and what's their function, you won't be needing to doubt about it. This is the future and we're like almost advance to that timeframe.

[virasog]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

Who is making such statements ? The banks because they know bitcoin is a threat to them. If people store money in bitcoins and not in the banks, it would mean an end to the banking sector. Don't pay attention to these news as they won't be able to keep the bitcoin prices down.

[AniviaBtc]

I agree with one of her points, bitcoin is a highly speculative coin and if you are not careful about your investment you are bound to loose money but it depends upon how smart you are in understanding the market and not to invest when the market is in its highest valuation expecting the price to rally further, in any asset the entry is important and i will not advice anyone to invest now.

That's the reason why if you are willing to invest on bitcoin then you should study and observe how volatile this highly speculative asset in the market. If someone is saying negative things about bitcoin then probably he doesn't understand how it works and its advantages to most of the investors. Investing on bitcoin will not make you lose your money, that's really a bad mindset especially if you are not knowledgeable about it. Expect that most of the Central Banks are against cryptocurrency as people are preferring to put their asset in digital platforms instead of banks.

[Alns]

These statements dont mean anything for btc hodlers. I dont think that they are important

[ninabobo]

That isn't new information. IIRC, that news came when bitcoin has been taking off and had the chance to hit $40k-$42k which has clearly made it well after such proclamations. Yet, it's simply an admonition to those individuals that don't comprehend bitcoin and they can say anything they desire to say as a notice, as counsel, or not all that great guidance for those financial backers that needs to attempt it. It happens constantly at whatever point bitcoin is at high or if it's at low.

[macson]

Seems high compared to what? That's the problem. Bitcoin has no real value, no use case or utility, and there's no historical comparison that relates the price of #Bitcoin to the price of any other good. You also can't value it like an investment as it has no earnings or yield.

https://twitter.com/PeterSchiff/status/1363215017085202436

those who lose will continue to insist on their egos because losers are 100% not gentlemen

These statements dont mean anything for btc hodlers. I dont think that they are important

100% agree with what you say but it is important for newbies.

[Becky666]

The big financial companies are found with these acts becasue they come to the knowledge about the bitcoin to be threat to their sustenance. They won't stop from doing this havoc to the technology becasue they don't want this technology called Bitcoin becasue it will take them out of business. Negative comments from these companies towards Bitcoin hasn't started today but since the invention of the technology but becasue this technology is made up of strong community; it will be more difficult for them to brake us.

[Hippocrypto]

These statements dont mean anything for btc hodlers. I dont think that they are important

These people were just shout out non sense words out of their frustrations, and I believed they're just starting out a fud for bitcoin. Unfortunately, they wouldn't be reliable for so many, while price continues to be profitable during increase of demand. Ignore these kinds of news and just focus on your visions for crypto.

[cheezcarls]

This is one reason why I choose not to store my savings in the bank because they have the power to control or freeze my money there.

As the old man says, "Not your keys, not your coins."

They're just making that negative statement or FUD because they want to buy at a targeted lower price, which is normal. However, financial institutions can't be stopped from buying and adopting BTC.

[milani]

often occurs where when Bitcoin makes a new record (price) then immediately someone or groups feels threatened and makes a negative statement against Bitcoin.  

A European Central Bank governing council member said bitcoin investors should be prepared to lose their entire investment, the latest such warning from a central banker about cryptocurrency volatility.

"As the UK authority said a few weeks ago, if people want to invest in bitcoin, they have to be prepared to lose all their money – that's certainly my view, " said Gabriel Makhlouf, a governing council member of the ECB, on Bloomberg TV on Friday.

She said bitcoin is not a currency, but is instead a "highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity."

a warning for those of you who feel threatened by Bitcoin --->  BTCITCOIN ARE UNSTOPPABLE

https://www.businessinsider.com/ecb-council-member-bitcoin-investors-may-lose-all-their-money-2021-1?amp&r=US&IR=T

Oh, it is understandable situation. In all times and in every direction there are people who become more active in case something comes to its top position or success. But all in all it is only position of this person, that has such right to make some statement, and lots of people from time to time make some negative ones. But it does not influence too much on thise who believe in Bitcoin.

[freedomgo]

That kind of news would not affect the current cycle, good news or bad news won't stop the market, it will only be stopped once the correction will start and I think it could be anytime soon, then those bad news will slowly take into effect just like the good news took before the bull run did not took effect immediately.

Remember the crypto market is more on runs, and his run is a bull run which means bitcoin will rise in significant price.

[abel1337]

That kind of news would not affect the current cycle, good news or bad news won't stop the market, it will only be stopped once the correction will start and I think it could be anytime soon, then those bad news will slowly take into effect just like the good news took before the bull run did not took effect immediately.

Remember the crypto market is more on runs, and his run is a bull run which means bitcoin will rise in significant price.

Right, every time bitcoins gained a headline, negative news always appears and tries to stop the madness of bitcoin. Correction is always expected when bitcoin rise but the number of people who got influenced by bitcoin is increasing day by day that's why bitcoin just keeps going up and up. This shows that banks and some countries are afraid because their "centralized" system is being threatened by bitcoin.

Bitcoin moves positively - Banks feels threatened - Banks warns people - and repeat.

[Danslip]

Obviously, they are afraid of the fast popularity of the crypto ecosystem, banking industry never likes the alternatives especially if the alternative is transparent and open source. The negative statements will pop out more than before if the BTC goes to $100k at the nearest time. Some governments will support the idea of borderless payments via crypto but there will be counterarguments by the main figures of the traditional central banking ecosystem.

[lienfaye]

Thats not unusual, negative news pertaining to bitcoin or crypto in general will always exist.

Its either they are threaten or want the price to move downward so they can take advantage.

Bitcoin is bullish now, the moment hodlers are waiting. So there's no point believing the negative news because we know better where we should stand for.

[Renampun]

Thats not unusual, negative news pertaining to bitcoin or crypto in general will always exist.

Its either they are threaten or want the price to move downward so they can take advantage.

Bitcoin is bullish now, the moment hodlers are waiting. So there's no point believing the negative news because we know better where we should stand for.

true, those who are pessimistic about Bitcoin will only stick with their group mind...
Bitcoin to them is nonsense because they were born with an old mindset. Bitcoin is a miracle and anyone who has firmly believed in Bitcoin since the price was below $ 10k will not care about their response to Bitcoin.

#stronghand

[macson]

Economist Nouriel Roubini, known as "Dr. Doom" for his pessimistic market views, said "the Flinstones had a better monetary system than bitcoin"

Dr. Doom Bullshit

Time machines are real and Dr.Doom has proven that he was in the age of the Flintstones "lol"



i was one of the cardboard flintstones lovers when i was a child and really wanted Christmas to last longer because of the warmth that was created in that episode but as i got older, i became more and more aware of reality and was grateful i didn't live in the age of the flintstones but was born at a time when Bitcoin had not yet hit the price of $1 million/coin.

[macson]

During an appearance at the J.P. Morgan 41st Annual Healthcare Conference, JPMorgan CEO Jamie Dimon slammed Bitcoin as a “decentralized Ponzi scheme.”   

He maintains that cryptocurrencies are more frequently used for illicit activities than legal ones and points to the fact that most people own them as investment vehicles -- because their prices go up and down wildly -- rather than for buying products and services.

[1] https://u.today/jpmorgan-ceo-lambasts-bitcoin-as-decentralized-ponzi-scheme

used for illegal activity?  haha, after bitcoin had a few percent increases, this old snail man made a FUD that attacked bitcoin.

[8rch7]

Thats not unusual, negative news pertaining to bitcoin or crypto in general will always exist.

Its either they are threaten or want the price to move downward so they can take advantage.

Bitcoin is bullish now, the moment hodlers are waiting. So there's no point believing the negative news because we know better where we should stand for.

It's clear that people who hate bitcoin are people who are jealous and afraid of being competed, usually if someone hates something because they feel threatened that they will be harmed or have already been harmed or maybe they can't control bitcoin, if it's profitable for them it's not possible hated. Having people dislike and hate with Bitcoin they will try many ways giving bad news about Bitcoin, don't worry they will come when Bitcoin bearish and gone their shadow when Bitcoin back to higher price.

Keeps strong hand because Bitcoin reach back to higher price.

[landheer]

Actually, in this case, you don't need to think about it too much because if we invest in bitcoin, it is our right. and of course in this life in the world of economy and business there must be risks, as well as investing in bitcoin. so in my opinion responding to this is normal, because the most important thing is that we must have extensive knowledge in the field of business economics and must also know knowledge about investing in bitcoin.

[macson]

'Economist' Paul Krugman: "Bitcoin has yet to show that it’s useful for anything besides money laundering."

[1] https://twitter.com/BitcoinMagazine/status/1666161039421980677
[2] https://finance.yahoo.com/news/nobel-economist-paul-krugman-slams-145347635.html

laureate of the nobel economy who continues to be unaware of the benefits and great uses of bitcoin for the world, even since ancient times, gold and fiat have been used for money laundering.  anyway he has previously made false statements about the internet,

"By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s” -- Paul Krugman

[1] https://twitter.com/Eric_Pavao/status/1666162918767861761
[1] https://www.bloomberg.com/news/articles/2021-05-24/paul-krugman-got-something-very-right-about-the-internet-the-fax-machine-and-the-economy#xj4y7vzkg