Topic: Bitcoins bad publicity? - page 3. (Read 411 times)
There's nothing new here in fact way back before, many banks and people saying that the bitcoin is a bubble in which it will disappear just like a bubble. We already know that the statements of the banks are very biased in which they are always saying that bitcoin is nothing and any negative about bitcoin. The thing is that this is a bad nor a good publicity about bitcoin? I think it is both because at the end of the day, the publicity of bitcoin will be the one who wins. People will search about it and learn about researching if this is really nothing. If the bank will launch there own Cryptocurrency to compete with bitcoin, then probably we can see another crypto that might ends good, but if this will not be decentralized then how it will compete with bitcoin.
It is a strategic approach to mitigate the teeming populace in crypto industry to the banking sector, not a bad adjective to describe a surging Bitcoin. The worst the banks and the government can do as this point is nothing actually. Trying to wind off people's interest over what gives them ROI even more than what the banks offers annually isn't realistic enough. So, my opinion remains firm even as it is not confirmed whether or not they are planning on launching a digital coin that could rival Bitcoin. It would definitely be a welcome development but who would risk his/her Bitcoin for a potential centralised token? Perhaps old people who are retiring to their pensions could try that line... 
Relevant price increases tend to call on the league of "bitcoin bubble" articles, which leads to people searching for the coupled terms, not by their own thoughtful will, but induced by the media.
Looking over Google trends, we seem to be pretty far from 2017’s ATH searched for "bitcoin bubble" (roughly 85 points down):
https://trends.google.es/trends/explore?date=today%205-y&q=%22bitcoin%20bubble%22
Look’s like there is wiggle room for the bubble theory to surface more than it has …
As one would expect, this year’s coupled term search overlaps ATH timing:
https://trends.google.es/trends/explore?q=%22bitcoin%20bubble%22
Looking over Google trends, we seem to be pretty far from 2017’s ATH searched for "bitcoin bubble" (roughly 85 points down):
https://trends.google.es/trends/explore?date=today%205-y&q=%22bitcoin%20bubble%22
Look’s like there is wiggle room for the bubble theory to surface more than it has …
As one would expect, this year’s coupled term search overlaps ATH timing:
https://trends.google.es/trends/explore?q=%22bitcoin%20bubble%22
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.
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.
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?
We have heard this statement for years. Lots of bank giants and capitalists have shared their opinion on bitcoin being a 'bubble' that will soon pop in the near future.
Just by basing such statement on bitcoin's price index, you would definitely see that there is consistent increase on its price.
People may claim that bitcoin is a 'bubble' but you definitely cannot hide the fact that lots of investors (including me) have profited from investing into it. They just don't see the long-term value of the blockchain as being applied to transactions which I believe is the future of payments.
2018 - Bank of America: Bitcoin Bubble Is Already Popping
2021 - Bitcoin boom is a bubble, warns Bank of America Securities
As you can see, the same bank has been saying it's a bubble for years. They will keep on repeating that until they decide to convert their fiat holdings into BTC (although there's a possibility they are buying already). Don't fret about these FUD from banks and zero coiners. Carry on and keep buying bitcoin.
2021 - Bitcoin boom is a bubble, warns Bank of America Securities
As you can see, the same bank has been saying it's a bubble for years. They will keep on repeating that until they decide to convert their fiat holdings into BTC (although there's a possibility they are buying already). Don't fret about these FUD from banks and zero coiners. Carry on and keep buying bitcoin.
I mean, the thing speaks for itself. The profit scale of bitcoin has been off the roof! I highly think that they fear about the global implementation of the blockchain technology in the future- which is why they are attempting to create a stigma against cryptocurrencies.
2018 - Bank of America: Bitcoin Bubble Is Already Popping
2021 - Bitcoin boom is a bubble, warns Bank of America Securities
As you can see, the same bank has been saying it's a bubble for years. They will keep on repeating that until they decide to convert their fiat holdings into BTC (although there's a possibility they are buying already). Don't fret about these FUD from banks and zero coiners. Carry on and keep buying bitcoin.
2021 - Bitcoin boom is a bubble, warns Bank of America Securities
As you can see, the same bank has been saying it's a bubble for years. They will keep on repeating that until they decide to convert their fiat holdings into BTC (although there's a possibility they are buying already). Don't fret about these FUD from banks and zero coiners. Carry on and keep buying bitcoin.
Ah look we have been hearing this rhetoric from institutions for years,
its nothing new and nothing to worry about.
Its the Banks who are worried, the institutions like fund and asset managers
are moving away from FIAT assets and the banks are slow to act.
Just yesterday Christine Lagarde made a big statement
To put her statement into context a little, she was convicted of negligence
back in 2016 for some shady deal valuing €404,000,000 when she was the
French finance minister !
Anyone in crypto knows to take these type of comments with a pinch of salt.
its nothing new and nothing to worry about.
Its the Banks who are worried, the institutions like fund and asset managers
are moving away from FIAT assets and the banks are slow to act.
Just yesterday Christine Lagarde made a big statement
"(Bitcoin) is a highly speculative asset, which has conducted some funny
business and some interesting and totally reprehensible money laundering activity,"
"There has to be regulation. This has to be applied and agreed upon ... at a
global level because if there is an escape that escape will be used,"
business and some interesting and totally reprehensible money laundering activity,"
"There has to be regulation. This has to be applied and agreed upon ... at a
global level because if there is an escape that escape will be used,"
To put her statement into context a little, she was convicted of negligence
back in 2016 for some shady deal valuing €404,000,000 when she was the
French finance minister !
Quote from: https://www.bbc.com/news/world-europe-38369822
A French court has found International Monetary Fund chief Christine Lagarde
guilty of negligence but did not hand down any punishment.
As French finance minister in 2008, she approved an award of €404m ($429m; £340m)
to businessman Bernard Tapie for the disputed sale of a firm.
guilty of negligence but did not hand down any punishment.
As French finance minister in 2008, she approved an award of €404m ($429m; £340m)
to businessman Bernard Tapie for the disputed sale of a firm.
Anyone in crypto knows to take these type of comments with a pinch of salt.
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble'
From the articles I read, bitcoin wasn't called a bubble, they were rather referring to the current price surge and how it is unsustainable and similar to the gold boom in the 70's (gold cannot be referred to as a bubble cause of that). Everyone is entitled to an opinion on price action, some believe it is undervalued, others think it's overvalued, but they are all predictions; What's certain is that Bitcoin is definitely not a bubble and it has fundamental value.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 don't think Bitcoin really has a competition, it's a specific network that hasn't been replicated and at this time there is no replacement for it, you have alternative coins/tokens, fiat, gold, as well as soon to be launched CBDCs, but none of these can effectively replace Bitcoin. 
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?
In my few years with Bitcoin, the government has always be going negatively with Bitcoin becasue it provided the resources the common man needed to be free from their oppression, then why won't they be kicking against the one that gives freedom. If you want to enjoy Bitcoin either as investment or otherwise please don't rely on information from the government or from an entity that stand against Bitcoin. The Banks launching their coins won't be better than their fiats(unending printings). 
This really isn't anything new, banks and certain big-named individuals in general have been saying that Bitcoin is a bubble and whatever negative adjectives that could think of.
Now, is this bad publicity? Sure; but the statement "any publicity is good publicity" is definitely at play here.
Now, is this bad publicity? Sure; but the statement "any publicity is good publicity" is definitely at play here.
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?
More like 'money on the internet', and that's pretty much it.
I don't think calling bitcoin "a giant bubble" is an attempt to make it look bad. It's a prediction that any financial expert can make about any form of asset that's rapidly and continuously increasing in value. It's a warning we can't afford to ignore because like any other asset, bitcoin can pop anytime at ATH. But it's also possible that it will continue to rise.
As for banks launching their own crypto, some central banks have indeed been developing their own coins for years, and they're going to introduce them eventually. But don't worry, it's not going to affect bitcoin much. We have a lot of altcoins today but none of them was able to land a punch on bitcoin, so it's likely that those bank coins will only add to bitcoin's list of defeated foes.
As for banks launching their own crypto, some central banks have indeed been developing their own coins for years, and they're going to introduce them eventually. But don't worry, it's not going to affect bitcoin much. We have a lot of altcoins today but none of them was able to land a punch on bitcoin, so it's likely that those bank coins will only add to bitcoin's list of defeated foes.
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?
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