(FUD) negative statement against 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%.

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[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.