(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.