Topic: Bitcoins bad publicity? (Read 400 times)
Bitcoin is not a bad publicity. Bitcoin is future currency's. It any time to change the world. So people hold the bitcoins for future. More information in the bitcoins and it connects the all country people. So easy to communicate with other's and learn more information. Publicity is important of the bitcoins.
As the price of bitcoin is increasing day by day, so it is getting a lot of attention and some negative publicity. Most governments don't like bitcoin as a currency. Because governments or financial authorities can't control bitcoin. In most of the countries bitcoin is banned by its government.
Thesedays, there has been a lot of criticism of bitcoin from all quarters.
Ripple's CEO attacked bitcoin. They claimed that bitcoin is one of the slowest transaction systems. The Bank Of America warned that bitcoin is going to be a giant bubble. China claimed that the bitcoin system has no advantages. They are just publishing false advantages and making people fool. It is also said that people will trust bitcoin and one day their trust will burst. Peter Thiel said that bitcoin may support financial services but it will not rise too much as expected by people. Bitcoin will lose its importance eventually. Other currencies will overshadow bitcoin.
Thesedays, there has been a lot of criticism of bitcoin from all quarters.
Ripple's CEO attacked bitcoin. They claimed that bitcoin is one of the slowest transaction systems. The Bank Of America warned that bitcoin is going to be a giant bubble. China claimed that the bitcoin system has no advantages. They are just publishing false advantages and making people fool. It is also said that people will trust bitcoin and one day their trust will burst. Peter Thiel said that bitcoin may support financial services but it will not rise too much as expected by people. Bitcoin will lose its importance eventually. Other currencies will overshadow bitcoin.
Banks and large scale institutions have begun to show much interest on bitcoin. As a result already we've got more number of banks to adopt the blockchain technology into the banking operations. Till date the network have grown slowly, and there is no form of advertising for bitcoin.
Everything has happened through word of mouth spreading. Bitcoin had got bad publicity from users who haven't got the right understanding about the market and the risks associated with it. Just because they've lost to some scammers they try to indicate bitcoin as the reason for the same.
Everything has happened through word of mouth spreading. Bitcoin had got bad publicity from users who haven't got the right understanding about the market and the risks associated with it. Just because they've lost to some scammers they try to indicate bitcoin as the reason for the same.
I don't trust these characters I mean banks, institutions and big whales because all these people will load money in btc as much as they can so that the price may go up when the price goes to the extreme level they will start to sell in bulk then price will automatically go down if it gradually start to fall small investors sell it in panic and again there guys will start buying again, they know how to pump and dump as well that's how big players turn the market.
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?
I have lost count of the number of times negative statements like this have been made by banks and governments concerning bitcoin. We all know this is actually because bitcoin is out of their control.
I, however, believe that this statement is not as as negative as it seems. You should know that bitcoin has gotten to the stage that any publicity, even bad ones, is good publicity. It doesn't matter what you say about Bitcoin, those who are truly interested will take time out to find out what and how it works.
Concerning banks creating their own coins to compete with bitcoin, well, we can only say, let them create it. Many of these altcoins were created with that same purpose only to realize it's not achievable. Bitcoin is and will remain the best coin.
If there is anything good that I can only read about crypto from the banks is that they are trying to use blockchain the rest it's all negative to cryptocurrency particularly to BTC. All altcoins has the tendency to compete with BTC though. If banks will try to compete by creating their own coin, let them try. There is nothing wrong to it but we all know the result soon.
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?
I have lost count of the number of times negative statements like this have been made by banks and governments concerning bitcoin. We all know this is actually because bitcoin is out of their control.
I, however, believe that this statement is not as as negative as it seems. You should know that bitcoin has gotten to the stage that any publicity, even bad ones, is good publicity. It doesn't matter what you say about Bitcoin, those who are truly interested will take time out to find out what and how it works.
Concerning banks creating their own coins to compete with bitcoin, well, we can only say, let them create it. Many of these altcoins were created with that same purpose only to realize it's not achievable. Bitcoin is and will remain the best coin.
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' -
Looks like they are out of creativity, because this kind of statement is being repeated for so long already... The truth is that bitcoin is doing very well, always recovering after deep corrections and coming back stronger and stronger... Maybe are we facing an unprecedented phenomenon never seen before in financial world, at least in practice?I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?
Yes, a probable crypto currency developed by banks won't be popular like bitcoin. They just want to benefit from blockchain technology like all these crypto currencies we see since years ago are doing so far, that is all. No coin bankers can introduce today that will have competition with bitcoin or challenges bitcoin, because looking at whatever they mentioned as alternative coin, is very obvious that it will be centralized because government will have control over it while bitcoin will still remain decentralized currency, and looking at it, it's not a fresh or a new news because government right from time has negative agenda towards bitcoin from the looks of their things.
They will still choose bitcoin due to its decentralized nature and people will not settle on owning a centralized currency.
That's the reason why people are investing on bitcoin because they want financial freedom and independence when making transactions with bitcoin.
It is hard to trust the government because there's always a negative agenda and corrupt activities that will exist if they make that possible shitcoin that they will produce. The humanity and crypto community deserves better we need to evolve, develop, and adjust in supporting a digital currency that will really help us.
Also the public should know that bitcoin really have a good advantage and potential on helping investors to grow and become successful.
Banks and large scale institutions have begun to show much interest on bitcoin. As a result already we've got more number of banks to adopt the blockchain technology into the banking operations. Till date the network have grown slowly, and there is no form of advertising for bitcoin.
Everything has happened through word of mouth spreading. Bitcoin had got bad publicity from users who haven't got the right understanding about the market and the risks associated with it. Just because they've lost to some scammers they try to indicate bitcoin as the reason for the same.
Everything has happened through word of mouth spreading. Bitcoin had got bad publicity from users who haven't got the right understanding about the market and the risks associated with it. Just because they've lost to some scammers they try to indicate bitcoin as the reason for the same.
It is not already new for people to have many opinions about Bitcoin which can either be good or bad and also other institutions putting a hot eye always checking up into the current status happening into the price of Bitcoin. Everyone is entitled to state their opinion for it is up to the person listening if he will accept what he have heard or ignore such and rather decide on his own depending on what he knows and what he is literally saying.
no good or bad advertisement. advertisement is advertisement.
Somehow these ads are a good thing for btc.
Long period, this ads help BTC price
Good and Bad ads will only bring interest to those who don't know yet about this investment opportunity. People who received or read this ads will be aware of this system.
This is exactly a good point. Good and bad ads will only contain people to get attracted what is really up with the issue due to curious minds they have and now it is up to them to judge whether the statement they have heard is true or not. Bad publicity ever since become still a good publicity for Bitcoin because people are getting curious to know more about it that in fact some recognizes the reality and have already engaged into it.
no good or bad advertisement. advertisement is advertisement.
Somehow these ads are a good thing for btc.
Long period, this ads help BTC price
Good and Bad ads will only bring interest to those who don't know yet about this investment opportunity. People who received or read this ads will be aware of this system.
This is exactly a good point. Good and bad ads will only contain people to get attracted what is really up with the issue due to curious minds they have and now it is up to them to judge whether the statement they have heard is true or not. Bad publicity ever since become still a good publicity for Bitcoin because people are getting curious to know more about it that in fact some recognizes the reality and have already engaged into it.
Banks and the government will always release negative statements about Bitcoin and it has been happening for years because they always see it as a threat. However, Bitcoin has been proving that these negative impressions are wrong and it's even attracting more investors. After all, publicity is still publicity and no matter how they ruin the name of Bitcoin, it even becoming more popular because of its huge potential.
as in some countries that were initially against bitcoin, now begin to understand the meaning of bitcoin is not a threat. I think it's only an issue if bitcoin causes harm to the economy. that is not true and it must be corrected the negative issue 
no good or bad advertisement. advertisement is advertisement.
Somehow these ads are a good thing for btc.
Long period, this ads help BTC price
The bad publicity is what made it better. 
Even before I was introduced to Bitcoin by a friend, I never trusted the banks.
Yes, up until now.
So, what they are doing is like an invitation for those who hate the banks.
They announce negativity about it and people will start researching for it.
The question of "why" pops out.
Even before I was introduced to Bitcoin by a friend, I never trusted the banks.
Yes, up until now.
So, what they are doing is like an invitation for those who hate the banks.
They announce negativity about it and people will start researching for it.
The question of "why" pops out.
'launching their own Crypto to complete with Bitcoin'
Pretty ignorant of them. They will soon realize that nobody can compete with Bitcoin, least of all some Bank
Pretty ignorant of them. They will soon realize that nobody can compete with Bitcoin, least of all some Bank
that hasn't stopped them yet though. and i don't think they are creating their own altcoin to compete with bitcoin, but they are doing it to make money. it is essentially what the altcoins, ICOs, DEFIs scams have been doing so far. they know the hype is real strong and they know there is a lot of money to be made, it is obvious that they want a piece of this delicious pie that everyone else is eating.
It is expected banks to have a contrarian view about Bitcoin. After all they are can find themselves in a very uncomfortable position if BTC becomes a global reserve currency. But I don't see any resemblance between Bitcoin and the tulip bubble for example. Bitcoin is appreciating because of its fundamental design and features. It is an instrument for storing value and making low-fee transactions with anybody in the world. I see value in this and it this way higher than $30-$50k if you ask me.
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?
Well, to some extent Bitcoin is a threat to the banking system! When people dont need an intermediary to transact Money, that certainly decreases the need of having a bank. That's where exactly banks are worried and they are trying to discourage people from using bitcoin and other cryptos! But bitcoin is not facing such bad publicity for the first time. JPM Chase CEO Jemie dimon and Berkshire Hathaway Chairman Warren Buffet have already tried such thing and even the crypto market responded briefly to it! But the market is now matured and immune from such bad publicity! So nothing to worry!
Look closely at all the criticism and where it is coming from to understand what their agenda is. People save money in Banks and those Banks use that money to loan it to other people to make a profit. So what happens now... these same people are not saving their money in the Banks ...they rather invest that money into Bitcoin and other Crypto currencies..because they think that it would give them more return on their investment than having that money saved in Banks.
So what does Banks do to stop people from investing in Bitcoin? .... they try to bad mouth their competition and spread fear to stop people from investing in Bitcoin.
I think at some point they are just trying to give people some advice on how they should invest their money. Even though it is expected for the banks to bad mouth bitcoin since they are obvious rivals, we should atleast take consideration and make some research on how banks of America are having this kind of assumptions. Nevertheless, it is just a prediction still, it's just a theory and it hasn't been proven yet so the freedom if ours on how we would take their statement towards bitcoin. We are the one who's held responsible for our own monet after all. So what does Banks do to stop people from investing in Bitcoin? .... they try to bad mouth their competition and spread fear to stop people from investing in Bitcoin.
Bank and the government have constantly launched several attacks on bitcoin ever since the first bull run in 2017 and even before now reason is that bitcoin as a decentralized currency have given the people the freedom of they money.
Misconceptions are just bumping on each other. Governments are just using the wrong words to say that it's market price will not continuously increase and having high hopes into it would yield to regrets eventually. While people in this industry are too optimistic on the market price of Bitcoin not looking to its nature of being volatile. There are really risks from investing into it, or should I say, to any investment. There's no assurance of the profit because the market price could fall down without any signal. Just look in the market price at this moment. It is indeed high still but think of those who invested during its ATH this year. So to how I view this, those people who are negative to this industry are either aware or unaware of its true nature. 
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' -
For me it would be a bullish sign. If the banks are saying that it's going to be a bubble they obviously realize that we haven't seen the top yet.
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I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?
And you are right to think so, just like governments and their ponzi scheme allegations. If banks were reliable as investment barometers there wouldn't be a Cyprus bank bailout, a Greek crisis, Deutche Bank, and many, many more.
'launching their own Crypto to complete with Bitcoin'
Pretty ignorant of them. They will soon realize that nobody can compete with Bitcoin, least of all some Bank
Pretty ignorant of them. They will soon realize that nobody can compete with Bitcoin, least of all some Bank
When it comes to US banks, then we should be interested in what the biggest ones think, not only in terms of size in the US, but also globally.
There will always be those who have people in their management structure who do not even understand BTC, but also those who understand very well what it is about and will do everything to keep the existing system as dominant. After all, banks are there to provide financial services - not to advise someone on what to do with their money, unless the client seeks financial advice.
As for the bank in question, over the years I have read some very bad experiences of their clients when it comes to anything related to cryptocurrencies - therefore such statements are nothing new.
Bank of America Is Closing My Three-Year-Old’s Account Over Crypto
JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin... Now, JP Morgan has said bitcoin's strong 2020 could be set to continue, finding the bitcoin price has "considerable" upside in the long-term as it better competes with gold as an "alternative currency." "Even a modest crowding out of gold as an 'alternative' currency over the longer term would imply doubling or tripling of the bitcoin price," JP Morgan analysts on the bank's Global Quantitative and Derivatives Strategy team wrote in a note late last week, adding the "potential long-term upside for bitcoin is considerable" and pointing to Millennials becoming "a more important component of investors' universe" as a potential catalyst.
There will always be those who have people in their management structure who do not even understand BTC, but also those who understand very well what it is about and will do everything to keep the existing system as dominant. After all, banks are there to provide financial services - not to advise someone on what to do with their money, unless the client seeks financial advice.
As for the bank in question, over the years I have read some very bad experiences of their clients when it comes to anything related to cryptocurrencies - therefore such statements are nothing new.
Bank of America Is Closing My Three-Year-Old’s Account Over Crypto
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