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Topic: Bank Of Hungary – Issued Warning For Crypto Currencies - page 2. (Read 1957 times)

legendary
Activity: 1078
Merit: 1014
interesting way of promoting onecoin and your scam mlm website
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
My personal opinion is I don't really care what Hungary thinks to be honest, it's not exactly known for its wealth & rich investors is it? Nothing they say or do is going to effect the growth of bitcoin.
If bitcoin does succeed & gain mainstream adoption it will be regardless of what Hungary does, they'll follow like sheep if bitcoin begins to be used widely by everybody.
legendary
Activity: 1050
Merit: 1000
Bitcoin has less risk than make investment in any stock item and it's much safer than any fiat investment terms, that warning shows the fear of banking system because they are losing their potential customers for the revolutionary innovation after some year almost every bank will release warning like this when Bitcoin will go to mainstream and get more adoption around the globe.   
legendary
Activity: 1512
Merit: 1012
It's true that Bitcoin ahs it's risks, investment-wise, but I don't really think an investment is safer in stocks than in Bitcoin... What guarantees a stock can't crash?. They are obviously more control than Bitcoin, but you can lose money on stocks too.

Anyways, all the banks are just playing devil's advocate recently. It's pretty much their job to make Bitcoin something awful, otherwise they will lose all their clients! Cheesy
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Why on Earth did they lump BTC in with Onecoin? What business is it of a bank to tell people where to stick their money? It would be a full time job listing all the shit stocks out there.

I would guess that most people aren't even aware their country has a central bank, let alone listen to much it has to say.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
i thought this kind of statements were "up to date" 1-2 years ago.....hungary, you are too late! skip to:

"Bitcoin is bad, blockchain is great!"
legendary
Activity: 2982
Merit: 1506
Pie Baking Contest: https://tinyurl.com/2s3z6dee
The Bank of Hungary has send a warning against Crypto Currency like Bitcoin and OneCoin.
For them, Bitcoin is an investment with risks and it's safer to have money in stocks than to buy crypto currency like Bitcoin.
You can read full report here: http://www.businessforhome.org/2015/06/bank-of-hungary-issued-warning-for-crypto-currency/
What is your opinion about this statement?

Every investment is risky depend on how much the profit we can gain, so is bitcoin. In my opinion, the risk in investment just affect the bitcoin user, not the bank. I guess the bank began to lose the customers and blame the crypto currency as the cause. In future, there will be some news like this that state bank vs bitcoin.
legendary
Activity: 1204
Merit: 1028
The Bank of Hungary has send a warning against Crypto Currency like Bitcoin and OneCoin.
For them, Bitcoin is an investment with risks and it's safer to have money in stocks than to buy crypto currency like Bitcoin.
You can read full report here: http://www.businessforhome.org/2015/06/bank-of-hungary-issued-warning-for-crypto-currency/
What is your opinion about this statement?



Somewhat true volatility wise. Bitcoin is still in the early development stages, volatility is going to be high, that is a given.
Now, Bitcoin is a million times more secure thank anything else in the sense that what belongs to you, belongs to you and no one can modify it. Your only duty is to make your Bitcoin safe.
Over time, the volatility will not be a problem anymore. On that day, which may take a decade, BTC will be crowned as the ultimate form of both money and storage of wealth.
legendary
Activity: 3374
Merit: 1824
The Bank of Hungary has send a warning against Crypto Currency like Bitcoin and OneCoin.
For them, Bitcoin is an investment with risks and it's safer to have money in stocks than to buy crypto currency like Bitcoin.
You can read full report here: http://www.businessforhome.org/2015/06/bank-of-hungary-issued-warning-for-crypto-currency/
What is your opinion about this statement?

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