Topic: Banks do not want bitcoin to become popular - page 4. (Read 987 times)
Banks do not care about Bitcoin, because Bitcoin have limited popularity, and secondly transfer time and fees. Altcoins now are much faster and with lower fees.
Standard Chartered bank's predictions of Bitcoin plugging down to $5,000 is still a fair prediction unlike other banks or financial institutions who constantly predict Bitcoin crashing to $0 and some even call Bitcoin a bubble that is about to burst.
To many others bitcoin has died many times but yet we are still here and bitcoin is getting stronger and gaining more plurality day by day. So am not surprised about this statement this is what we are already used to.
$5k is unfair still there's some even forum members who predicted btc at $3k but I don't think they are a btc hater. They are just telling what they think they can happen according to their analysis. We shouldn't be angry whenever we see such predictions but we should be open minded and face the reality that anything can happen in btc including harder dips and not just hard pumps.To many others bitcoin has died many times but yet we are still here and bitcoin is getting stronger and gaining more plurality day by day. So am not surprised about this statement this is what we are already used to.
This is for us to prepare ourselves. When those event came in, we do not worry or panic anymore but we will only be calm and buy more coins. Those who claim that btc is a bubble and can burst are right but unlike any other bubbles out there, btc is unique because its value always recovers.
I completely agree because we all know bitcoin is decentralized and all the banks and the governments are against something that is decentralized and they won't be able to control it in the other hand the bank systems are getting weaker time by time while bitcoin is getting popular time after time and this is what a government hates about bitcoin also we all know banks are mostly under the control of the governments and the governments are mostly disagree with bitcoin and CNBC is something they created to make a competitor for bitcoin which is going to fail later or sooner.
hmm... look its quiet simple, financial institutions are 100% in support of anything they can turn a profit on, including Bitcoin.
But large financial institutions have to buy in large volume, if they attempt to do this the market responds by driving the price up, so in order to do this efficiently they will do everything they can, to push the price as low as they can, which includes making statements in the media that bitcoin is f*cked.
When the retail traders who aren't diversified, panic and sell, the large financial institutions will buy as much as they can at a low price.
Once they have their volume they will do a U-turn and drive the price up.... rinse, repeat ad infinitum.
The best time for them to do this is to coordinate with a seasonal dip. Bitcoin has always dipped prior to chinese new year, and recovers afterwards. I don't see why this year will be any different.
But large financial institutions have to buy in large volume, if they attempt to do this the market responds by driving the price up, so in order to do this efficiently they will do everything they can, to push the price as low as they can, which includes making statements in the media that bitcoin is f*cked.
When the retail traders who aren't diversified, panic and sell, the large financial institutions will buy as much as they can at a low price.
Once they have their volume they will do a U-turn and drive the price up.... rinse, repeat ad infinitum.
The best time for them to do this is to coordinate with a seasonal dip. Bitcoin has always dipped prior to chinese new year, and recovers afterwards. I don't see why this year will be any different.
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin. 
What do you expect, Bitcoin is a threat to banks and they know this so just like how other establishment will react when they find something threatening their existence, so have the banks reacted. The banks knows in just few years people will no longer trust them to store their money in banks that only use that money to borrow others and make themselves rich while giving the real owner of that money nothing in return instead they use charges to make the user get less.
Our mobile app are becoming even more reliable than the banks and with the development of Bitcoin we can now have full control over our money. The banks knowing this is a threat to them will always bad mouth Bitcoin in trying to get people to consider than risky and harmful.
The banking system and Bitcoin are in a competitive relationship, and the existence of Bitcoin will pose a certain threat to the banking system.
Banks spread negative news about Bitcoin to make people fear Bitcoin because they will fear that Bitcoin will become more popular and it will not be good for their business and interests.
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.
What do you expect, Bitcoin is a threat to banks and they know this so just like how other establishment will react when they find something threatening their existence, so have the banks reacted. The banks knows in just few years people will no longer trust them to store their money in banks that only use that money to borrow others and make themselves rich while giving the real owner of that money nothing in return instead they use charges to make the user get less.
Our mobile app are becoming even more reliable than the banks and with the development of Bitcoin we can now have full control over our money. The banks knowing this is a threat to them will always bad mouth Bitcoin in trying to get people to consider than risky and harmful.
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It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.
This is the problem that Bitcoin is perceived as something unreliable and questionable! Because various projects based on the structure of network marketing make negative advertising to cryptocurrencies!!! And this is also a problem of bitcoin scalability!
It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.
Bitcoin have come to stay whether one like it or not. The moment banks, government or people start circulating wrong information about the project, that's the more reason it will become more popular in the universe as some develop countries have started to accept it as a legal tender and modes of payment. Partaking in crypto currency also make one yields passive profits in the space and definitely one of the good news if one could make good use of it. Bitcoin have change alot of lives either positively or negatively, but it matters what category you want to belong. It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.
This is the problem that Bitcoin is perceived as something unreliable and questionable! Because various projects based on the structure of network marketing make negative advertising to cryptocurrencies!!! And this is also a problem of bitcoin scalability!
This is nothing too new to discuss and everyone knows this, the bank is the agency representing the government so it is not strange that they take advantage of this bear season to spread FUDS for bitcoin. But this won't make them better than bitcoin, no need to FUDS for bitcoin to drop more because a lot of people are expecting bitcoin to drop to buy more.
The holders of bitcoin know that bitcoin is here to stay despite all the negative fuds and news being spread on every social media and crypto news related sites. These banks and governments will do everything to make us believe that there is no future of bitcoin.
I understand that old people who know about bitcoin will not listen to them but there are so many new investors who invested in bitcoin 2021 and later. They may sell their holding when they see such news from everywhere. This is propaganda being done on purpose and the government is also spending funds to publish such news on the media.
I would only say, let the weak hand shake out and bitcoin will come in stronger hands. Those who are selling do not know that the whales are getting this bitcoins cheap from retail and getting ready for the next bull run.
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.
[snip]
With the potential and benefit of Bitcoin which literally prevent the institution banks power and chance over people's fund we shouldn't expect them to want BTC to be popular because the popular BTC get the higher power drift from institutional bank to crypto currency which gave them liberation. Besides, do you think most of the negative, fud and misinformation articles posted about BTC is not their doing? [snip]
It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.
This is the problem that Bitcoin is perceived as something unreliable and questionable! Because various projects based on the structure of network marketing make negative advertising to cryptocurrencies!!! And this is also a problem of bitcoin scalability!
This known facts since the existence of Bitcoin because Satoshi wants a decentralized financial world which obviously an anti bank movement. It’s too late know for bank to lessen the popularity of Bitcoin it was being adopt already by many counties including US. Banks is starting to adapt on it and using the blockchain to match Bitcoin with there CBDC that use private blockchain.
Banks will never beat Bitcoin since people will choose decentralized over centralized in long term perspective.
Banks will never beat Bitcoin since people will choose decentralized over centralized in long term perspective.
True, something like this hasn't happened just once or twice in Bitcoin history, so my view is that this isn't something that should surprise me, as they usually do FUD at bad times to spread investors' fear for their money.
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.
Banks are just another body of government. Due to the decentralised nature of Bitcoins, no government can control Bitcoin, that is they cannot impose tax on it. This is the reason for which the government is against Bitcoins, and not making it as a legal tender. They advising all the banks to thoroughly moderate all the transactions associated with cryptocurrencies.
Yes, banks and governments are one unit in co-opting global and local finance, of course, this is clearly their plan to scare us bitcoin believers, my analysis after they scared the crypto market, they will declare a CBDC shortly future as an alternative transaction tool as opposed to Bitcoin.
But my view is when people use CBDC as a legal means of transaction it will make people easier to access Bitcoin than FIAT money, why do I think that? because many people have made Bitcoin an investment asset, of course Bitcoin is easier to access with CBDC, In the end, Banks and governments will admit it.
"And maybe the goal of satoshi will be closer to making Bitcoin a non-central transaction tool when everyone understands what and why bitcoin was created"
When it comes to banks, their self-interest is even more egregious they have been working on ways to stop cryptocurrencies, but it is not feasible. Banks view bitcoin as a threat, but personally, I prefer to invest my money in bitcoin rather than keep it in a bank, where there is no interest earned while the money is in your account and you have to pay a lot of fees. Even though bitcoin and banks serve different purposes but the same general purpose, I still despise banks. and I will choose bitcoin today and any other day.
Again and again you hear the same thing from banks. Almost nothing changes in their rhetoric, with the exception of some banks, which are radically changing their attitude towards btc. They said one thing, and now another. Is it possible to trust such financial institutions? In general, bitcoin has been a direct competitor for banks since its inception, and therefore it is not at all surprising that banks speak out negatively in an attempt to scare and alienate their customers from bitcoin. But the fact is that it looks ridiculous. Those who saw the difference between btc and banks have already left the ranks of banking customers forever.
This has been the case since bitcoins emerged in the financial industry and they became the number one enemies of the banks to the point that they create some confusion every time there is negative news about the name "Bitcoin". They are also always supporting movements that will say negative things about bitcoins but the good thing is, they are not getting good fruit of what they are doing because the truth will always prevail and people nowadays know that every scam and fraud out there has nothing to do with bitcoins because they also used it as their props to fool newbie investors and ignorant people.
Several years governments and financial experts in every country are keeping a watchful eye on Bitcoin's progress as they believe Bitcoin has the potential to upend the existing financial system as well as undermine the traditional banking system. Almost most countries' governments fail to regulate Bitcoin. They believe it is a financial system used by criminals.This can help citizens resist capital controls.They feel that viewing Bitcoin positively will never be complete until the ecosystem ্get the maturity.
The central bank of each country generally regulates the banking system of that country. Their main role is to regulate the safety and soundness and stability of the economy and its systems. They haven't earned that trust in Bitcoin yet. As a result they still discourage the use of Bitcoin. I think in the unlikely event that Bitcoin becomes more stable and a symbol of trust, banks will definitely come forward to use it.
No matter what predictions you make, Bitcoin moves at its own pace. The price of Bitcoin is determined by the potential and demand. Many crypto experts expect the Bitcoin price reach beyond its previous all time high.
The central bank of each country generally regulates the banking system of that country. Their main role is to regulate the safety and soundness and stability of the economy and its systems. They haven't earned that trust in Bitcoin yet. As a result they still discourage the use of Bitcoin. I think in the unlikely event that Bitcoin becomes more stable and a symbol of trust, banks will definitely come forward to use it.
No matter what predictions you make, Bitcoin moves at its own pace. The price of Bitcoin is determined by the potential and demand. Many crypto experts expect the Bitcoin price reach beyond its previous all time high.
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.
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What do you expect with the Banks? They will say good things about Bitcoin. They know that Bitcoin is a great competitor of their business, and you expect that they will praise it? Of course, they will do the opposite of it.~
Bitcoin to $5,000? I don't think so, the last time we saw Bitcoin at the $10,000 price was in 2020 and I believe that it would be the last time that we will see Bitcoin near or below $10,000. You know news media. They will make things and articles too exaggerated just to manipulate those newbies out there.
Banks might not want Bitcoin to be popular, but it is becoming already. More and more people are starting to use Bitcoin around the world though it isn't that much compared to how many people living globally. One thing is for sure though, Bitcoin will not reach $5,000 anymore.
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Activity: 2912
Merit: 541
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It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.
Won't. Banks do not make any subjective assumptions, banks are not companies run by individuals. Even if Bitcoin is popular, they will function normally. Just what is the thinking of the state behind the bank we need to know. Some countries believe that Bitcoin has affected some of their own economies, and will try to prevent the development of Bitcoin, but the effect is not great.
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