Bitcoins bad publicity? - page 2. | Bitcointalksearch.org

redsun114

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

They are saying that bitcoin is going to bubble isn’t really something bad, there isn’t anything wrong with that, it’s a normal thing for them to say that. I have seen some economists that warned people about how the price of Bitcoin was pumping this year, and they were telling people to be very careful while they are investing in Bitcoin because it can burst at any time and they will be losing a lot.

So, they are saying it as an advise and not as a way to say something bad about Bitcoin. Lastly I don’t think that the digital currencies coming from banks will be able to beat Bitcoin, I’ve seen how some of them came and no one was interested in them.

BitindaHouse

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Everything is correct, when bitcoin is made centralized, namely under a powerful state, at that very moment it will burst, and the fun era of bitcoin will end.

affandi

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even some critics of Bitcoin - such as David Rosenberg, economist and strategist at Rosenberg Research - call Bitcoin a bubble.

This is a normal thing in my opinion, since the launch of bitcoin there has been a lot of fud in circulation but until now bitcoin remains the choice for investors, especially during the Covid19 pandemic, and also in my opinion those who spread fud just want to take opportunities for cheap prices on bitcoin and that has often been occur

ilhamsugihamin

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As far as I know about bitcoin, the government always thinks negatively about bitcoin because it provides the resources needed for the community rather than the system provided by the government, therefore I think bitcoin is not bad for society.

Shasha80

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In my opinion, technology has become increasingly sophisticated and almost part of the world's population can access the internet. So whatever
negative things Banks and the government say, it will have little effect on Bitcoin. Because in my opinion internet users are getting smarter at
distinguishing good and bad things, therefore the popularity of Bitcoin is increasing. Because many companies and rich people consider Bitcoin
a profitable investment, and not think of Bitcoin as a giant bubble.

tinopener

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...and now even some bitcoin related companies are bubbling more than bitcoin itself.

Look at the publically listed miners Argo Blockchain who are up more than 1200% in 3 months.

Now *that's* a bubble.

tinopener

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Can't be as bad as Tesla as a bubble.

People are saying Amazon and a lot of other big tech is a bubble.

Also certain green energy alternatives are bubbling.

Biotech is definitely bubbling.

Bitcoin is somewhere in the middle of all that.

kawetsriyanto

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble'

It is not a surprising thing, mate. If you are already a long time in crypto, you must hear many negative issues spread out by banks and the government about Bitcoin for years. I don't know why the banks and the government really hate Bitcoin. I assume they are too afraid about the possible future of Bitcoin as a global currency.

Quote from: Powerloader on January 14, 2021, 10:05:17 AM

I dont think Banks are reliable 'barometers' when making Bitcoin predictions

NO. You cannot get the Bitcoin prediction from the institutions which hate Bitcoin. They won't tell you about the good things on the Bitcoin future, but all their statements are only about the negativity and fear.

NelfiNovita

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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 think it's like that too, bitcoin will be more expensive so investors will scramble to buy it as soon as possible so that they continue to get huge profits. news about banks that will make their own crypto is possible, because they see that many investors buy bitcoin even though the price of bitcoin is very expensive, so banks also want to make their own crypto so that investors are also interested in buying cryptocurrency from banks.

Rengga Jati

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This is the power of media, media can easily spread the news and issues about what happens and what actually not happen by summarizing in their own ways to attract people to read their news. Moreover, it is sometimes only clickbait news that will be actually different from the content.
Well, as it has happened very often, I think that this is better depending on us. It is better to select the media, read the media only for certain consideration, but not to believe all. SOmeone said, not all things are told by media

Wysi

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We are used to such news as banks are not missing out any opportunity to take a jab at bitcoin, they initially tried thought users will stop indulging in Bitcoin with their warnings which they started earlier but users didn't pay any heed to their warning hence they have started to instill fear in our mind so that we might ditch bitcoin out of fear but they will eventually fail in this as well.

CaVO32

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Quote from: Coinsfera on January 14, 2021, 04:12:26 PM

Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

The marketers of other industries are getting paid for the job they do. Bitcoin has a whole community that works as a marketer for it and they do not get paid for it. Is not that beautiful? Twitter and Reddit is the home for the Bitcoin community. Many centralized industries are jealous of Bitcoin's community. Hodlers are in the front of the warzone. The cryptos of centralized institutions will not go any close to Bitcoin.

Don't get too affected with the statements from banking institutions. I believe, some of them are already working in cryptocurrencies. They maybe giving some warning to people about crypto, but if you are a long time crypto user, you already know what to do in this market. You don't need someone tell you what to do. Anyway, sooner or later, these banks will also join the crypto revolution.

Coinsfera

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

The marketers of other industries are getting paid for the job they do. Bitcoin has a whole community that works as a marketer for it and they do not get paid for it. Is not that beautiful? Twitter and Reddit is the home for the Bitcoin community. Many centralized industries are jealous of Bitcoin's community. Hodlers are in the front of the warzone. The cryptos of centralized institutions will not go any close to Bitcoin.

bL4nkcode

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

How you can call such a thing "The internet of money" if it can only be used in a particular place/country? And no, even if they have to, they are even too far for competing with bitcoin.

imstillthebest

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they think they are trusted with their predictions because they are bank and they are related to money but

we that are here on bitcoin knows how banks involved in an issue with bitcoin , we dont take this prediction seriously but im afraid that non solid bitcoiners will worry or panic because of this

Quote

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 think that the internet of money or money of the internet can be anything that is online . it can decentralized or not . they are free to create their own coin but the question is if will it market like btc

virtualdn

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You don't expect banks to show BTC some love don't you?

blockman

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

CBDC is the one that they're planning to launch. It's the bank and government's own initiative to make themselves join in the crypto market although they can easily implement the use case of that coin they are trying to make.
Whether the banks or governments say something negative about bitcoin. You don't have to be upset about it, that happens most of the time even years ago, they still keep saying the same thing.

Cling18

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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.

Fatunad

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Quote from: Powerloader on January 14, 2021, 10:05:17 AM

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?

What would you expect?

Banks are institutions which is fully contrary on bitcoin existence thats why it is really just common for them to have those criticism towards bitcoin.

They would say its a bubble or any whatsoever which isnt surprising but to rely on what theyve said then you would typically panic and might really change of minds.
Bad publicity? well this one really give out those bad impressions to those who doesnt know on what bitcoin is all about.

GeorgeJohn

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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.

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