Democrat Senator Warren attacks Bitcoin

posi

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Quote from: panganib999 on March 09, 2021, 10:12:44 AM

Quote from: posi on March 04, 2021, 08:18:52 AM

If we think well about the nature of the cryptocurrency market, the factors that influence the price of the market, and the seasonal market trend (bullish, dump, correction, altcoin and the market blood bath season) which have sometime lead to the loss of a lot of naive cryptos investors/traders it natural for Democrat Senator Elizabeth Warren to believe Bitcoin will end badly. Besides, when the blood bath happens after this bullish a lot of people will also feel bad about the market but the way round it actually opens the door for a new market opportunity.

Bitcoin is decentralized. There is no one controlling it and the value of it is depend on the market trend

No doubt about the fact that the market is decentralized and the value of Bitcoin market depend on the trend of the market demand and supply but we need to be realistic and also face the truth that some people does have the capability to control/influence the market place if they wanted.

Quote from: panganib999 on March 09, 2021, 10:12:44 AM

I think Sen.Warren in other hand doesn't fully understand the nature and aspect of Bitcoin because if she does, I guess she will state something but not rushly assumed about it.

Ever since Bitcoin make a wow trend during total lockdown alot of people within the political, aviation, banking setting etc have did alot of search about Bitcoin which I believe Sen Warren have also did some research about Bitcoin at some point but some of them just can't bare the fact that Bitcoin is decentralization and it volatile in nature that's their problem.

Quote from: panganib999 on March 09, 2021, 10:12:44 AM

Bitcoin is a very risky investment as we all know. People often tells that you must put only the miney that you can afford to lose. But the problem is in tge person if he /she is a greedy one that doesn't strategized about the things and end up losing. I think Sen. Warren will somehow realize in the next few days, months or even a year.

Bitcoin investment is risky but making an investment decision and exclude greed is not easy as we think.

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Quote from: cr1776 on March 03, 2021, 06:43:24 AM

This is an endorsement of Bitcoin when a socialist/fascist like Warren attacks Bitcoin. Of course she is to stupid she didn't even get Yellen's comment right. The authoritarians don't like people to have ownership of their minds or products of their own minds. It interferes with their quest for power.

Quote

Democratic Senator Elizabeth Warren backed recent comments on bitcoin by Treasury Secretary Janet Yellen during an interview with CNBC’s Squawk Box on Tuesday. Asked if she agreed with comments saying the cryptocurrency was a “speculative” asset made by Treasury Secretary Janet Yellen late in February, the Senator said, somewhat coyly: “I think Janet’s a really smart woman.”

When pressed, she said, “‘Speculative in nature and going to end badly’ – I don’t think Janet left a lot of room for ambiguity.”

https://www.coindesk.com/bitcoin-warren-yellen-speculative-nature

You shouldn't take all those statements or comments very much to heart. From the very beginning of the BTCs creation there were and there are lits of supporters and people with statements of such kind. And Bitcoin and cryptocurrencies are moving on their path. It is not possible to have got supportes only. In my opinion senators change each other from time to time, but Bitcoin stands still in its position. 😁😊

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Quote from: cr1776 on March 03, 2021, 06:43:24 AM

This is an endorsement of Bitcoin when a socialist/fascist like Warren attacks Bitcoin. Of course she is to stupid she didn't even get Yellen's comment right. The authoritarians don't like people to have ownership of their minds or products of their own minds. It interferes with their quest for power.

Quote

Democratic Senator Elizabeth Warren backed recent comments on bitcoin by Treasury Secretary Janet Yellen during an interview with CNBC’s Squawk Box on Tuesday. Asked if she agreed with comments saying the cryptocurrency was a “speculative” asset made by Treasury Secretary Janet Yellen late in February, the Senator said, somewhat coyly: “I think Janet’s a really smart woman.”

When pressed, she said, “‘Speculative in nature and going to end badly’ – I don’t think Janet left a lot of room for ambiguity.”

https://www.coindesk.com/bitcoin-warren-yellen-speculative-nature

While it is very transparent to us what they are trying to do at the same time what else they can say? The dumb politicians may actually believe something like this but the ones that are actually smart know that things are not getting better with all the money they are printing, what are they going to do? Are they going to recommend to people to drop their fiat and get bitcoin? They cannot do that.

That will be an admission they have been doing a terrible job and that they should never get a job as public servants ever again, the important thing is that we see through those comments and we keep doing what it is on our best interests to do so.

Altcoinsintel

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I would be pleased if you had the same reaction when the actual fascist president you used to have reacted against Bitcoin. You were probably like "yeah, I guess he is right" when he was spouting nonsense. Sadly it will always be like that. You will keep voting idiots and egomaniacs for presidents. Next president will probably be a wrestler just to prove that idiocracy was a movie based on real life. You aren't that far from there.
I wonder if Satoshi was ever political by taking sides, or clearly understood there wasn't any difference at all between the two parties you have.

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Quote from: cheezcarls on March 04, 2021, 08:04:41 AM

No one cares about her statements anymore, not even us. We’re already immune to that. Whatever her statement was that is anti-Bitcoin, it won’t affect us. Bitcoin isn’t going anywhere. Market is more mature right now than in 2018’s great Bitcoin crash. She can’t stop institutions from adopting Bitcoin.

Actually I wouldn't care about her statements if she was a common person like any other. But the point is that she is a senator and politicians like her have a lot of power, influence and represent part of the establishment's interests on the legislative. It's important to follow closely what these people are thinking and speeching, because it's a sign they will try to turn their thoughts into the law and once it's done the common bitcoin enthusiasts will be the main prejudiced.

panganib999

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Quote from: posi on March 04, 2021, 08:18:52 AM

If we think well about the nature of the cryptocurrency market, the factors that influence the price of the market, and the seasonal market trend (bullish, dump, correction, altcoin and the market blood bath season) which have some lead to the loss of a lot of naive cryptos investors/traders it natural for Democrat Senator Elizabeth Warren to believe Bitcoin will end badly. Besides, when the blood bath happens after this bullish a lot of people will also feel bad about the market but the way round it actually opens the door for a new market opportunity.

Bitcoin is decentralized. There is no one controlling it and the value of it is depend on the market trend and the things you've also mentioned. I think Sen.Warren in other hand doesn't fully understand the nature and aspect of Bitcoin because if she does, I guess she will state something but not rushly assumed about it. Bitcoin is a very risky investment as we all know. People often tells that you must put only the miney that you can afford to lose. But the problem is in tge person if he /she is a greedy one that doesn't strategized about the things and end up losing. I think Sen. Warren will somehow realize in the next few days, months or even a year.

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Quote from: Yogee on March 03, 2021, 10:29:52 AM

She's focused on the "cryptocurrency as a highly speculative asset" based on the article and they've got a point there. Let's accept the fact that there are people who buy BTC and other cryptocurrencies out of FOMO. They do not know how it works and they probably won't care since all they want is for the price to go up.

The fact is that no one is trying to change the information food for people, so that society perceives Bitcoin in a different way. In all the media, if they talk about Bitcoin, then only about whether investors will make money or lose their funds, but I have never heard anyone suggesting the possibility of using Bitcoin as a means of payment or reliable storage. Only within the community of cryptocurrency users are such conversations taking place.

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I am sure that he invests and thus wants to affect the price.

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This is indeed the mind of a socialist and there are now many of them in the Biden administration and that is why even if I am expecting that cryptocurrency can flourish under the new leadership there will be more regulations for sure that all must follow to the letter otherwise the power of the state can be under your neck. Anyway, Warren is just an insignificant politician and that was the reason her presidential ambition never came into anything. Under the socialist mindset, the power requirement of Bitcoin is a major obstacle now that they are all pursuing the New Green Deal.

posi

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If we think well about the nature of the cryptocurrency market, the factors that influence the price of the market, and the seasonal market trend (bullish, dump, correction, altcoin and the market blood bath season) which have sometime lead to the loss of a lot of naive cryptos investors/traders it natural for Democrat Senator Elizabeth Warren to believe Bitcoin will end badly. Besides, when the blood bath happens after this bullish a lot of people will also feel bad about the market but the way round it actually opens the door for a new market opportunity.

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Is there a thing with Bitcoin and the Warrens? I'm beginning to suspect a kind of an unholy romance. First, it was with ~~Warren~~ Buffet, and now Elizabeth ~~Warren~~ Grin

On the other hand, I think Madam senator's comment should be taken with a pinch of salt and likened to the same comment that came out of the mouth of the erratic and inept Godwin Emefiele, governor of the Central Bank of Nigeria. These are drowning voices. Bitcoin has come to stay and it's as simple as it can be audible. Anything that couldn't destroy it in 2018/19 has made it stronger now.

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Quote from: cr1776 on March 03, 2021, 06:43:24 AM

This is an endorsement of Bitcoin when a socialist/fascist like Warren attacks Bitcoin. Of course she is to stupid she didn't even get Yellen's comment right. The authoritarians don't like people to have ownership of their minds or products of their own minds. It interferes with their quest for power.

Quote

Democratic Senator Elizabeth Warren backed recent comments on bitcoin by Treasury Secretary Janet Yellen during an interview with CNBC’s Squawk Box on Tuesday. Asked if she agreed with comments saying the cryptocurrency was a “speculative” asset made by Treasury Secretary Janet Yellen late in February, the Senator said, somewhat coyly: “I think Janet’s a really smart woman.”

When pressed, she said, “‘Speculative in nature and going to end badly’ – I don’t think Janet left a lot of room for ambiguity.”

https://www.coindesk.com/bitcoin-warren-yellen-speculative-nature

No one cares about her statements anymore, not even us. We’re already immune to that. Whatever her statement was that is anti-Bitcoin, it won’t affect us. Bitcoin isn’t going anywhere. Market is more mature right now than in 2018’s great Bitcoin crash. She can’t stop institutions from adopting Bitcoin.

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Quote from: Vishnu.Reang on March 04, 2021, 06:47:20 AM

Quote from: Fundamentals Of on March 04, 2021, 06:33:32 AM

That's a possibility. But I think it is more possible that these old politicians do not really understand Bitcoin at all. What they have are very rough ideas on what Bitcoin is, which could be wrapped up as a new and advanced technology which threatens their power and control. I guess that's just it and they stopped right there and immediately went on deriding Bitcoin.

I have a slight suspicion that these brilliant yet old people could very well see the goodness in Bitcoin and probably even appreciate it if only they will study it seriously and without prejudice to their power and position.

They understand the technology behind Bitcoin perfectly well. Take the case of Janet Yellen. She has decades of experience in the financial sector. Do you really think that she doesn't understand the technology and purpose of Bitcoin? They also understand that the growing popularity of Bitcoin is a threat to their power. If people use Bitcoin to protect themselves from inflation, then the politicians won't be able to print banknotes without any limit, as they are doing right now in the form of stimulus.

Do you have any proof that they really understand the technology behind Bitcoin perfectly well? If there is none, it is more likely that they do not. Bitcoin is about using a cryptographic hash function. It is about code and programming. It is about information technology. It is more on computer science. Do you think that the old and probably obsolete Janet Yellen has a perfect understanding of all this?

Janet Yellen is an economist. She probably has a rough idea of the economic implication of the existence of Bitcoin. But this is not about understanding the technology behind Bitcoin. This is only about analyzing such implications with their old and obsolete economic theories.

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Quote from: Fundamentals Of on March 04, 2021, 06:33:32 AM

That's a possibility. But I think it is more possible that these old politicians do not really understand Bitcoin at all. What they have are very rough ideas on what Bitcoin is, which could be wrapped up as a new and advanced technology which threatens their power and control. I guess that's just it and they stopped right there and immediately went on deriding Bitcoin.

I have a slight suspicion that these brilliant yet old people could very well see the goodness in Bitcoin and probably even appreciate it if only they will study it seriously and without prejudice to their power and position.

They understand the technology behind Bitcoin perfectly well. Take the case of Janet Yellen. She has decades of experience in the financial sector. Do you really think that she doesn't understand the technology and purpose of Bitcoin? They also understand that the growing popularity of Bitcoin is a threat to their power. If people use Bitcoin to protect themselves from inflation, then the politicians won't be able to print banknotes without any limit, as they are doing right now in the form of stimulus.

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Quote from: BrewMaster on March 03, 2021, 10:51:29 AM

Quote from: Fundamentals Of on March 03, 2021, 07:02:37 AM

They seem to be too old to understand this new advancing technology.

Quote from: aoluain on March 03, 2021, 07:32:42 AM

These older generation, narrow minded politicians with their privilaged positions are

the problem may actually be that they understand bitcoin too well. look at who are these old people who make negative statements about bitcoin. they are all corrupt one way or another or at least have a stake in something else that bitcoin has been threatening. it is because they are scared of bitcoin that they are lashing out these days while seeing the magnificent growth it has.

That's a possibility. But I think it is more possible that these old politicians do not really understand Bitcoin at all. What they have are very rough ideas on what Bitcoin is, which could be wrapped up as a new and advanced technology which threatens their power and control. I guess that's just it and they stopped right there and immediately went on deriding Bitcoin.

I have a slight suspicion that these brilliant yet old people could very well see the goodness in Bitcoin and probably even appreciate it if only they will study it seriously and without prejudice to their power and position.

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Quote from: BrewMaster on March 03, 2021, 10:51:29 AM

Quote from: Fundamentals Of on March 03, 2021, 07:02:37 AM

They seem to be too old to understand this new advancing technology.

Quote from: aoluain on March 03, 2021, 07:32:42 AM

These older generation, narrow minded politicians with their privilaged positions are

the problem may actually be that they understand bitcoin too well. look at who are these old people who make negative statements about bitcoin. they are all corrupt one way or another or at least have a stake in something else that bitcoin has been threatening. it is because they are scared of bitcoin that they are lashing out these days while seeing the magnificent growth it has.

absolutely BrewMaster! they are scared about their FIAT based investments, there really
is only one show in town and it threatens all others and they bloody well know it.

Do these people really believe they can stop the migration into Bitcoin?

Slow death

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I read the article and in my opinion it’s normal for them to have these opinions, if we go back up to 9 years ago the number of people with this type of opinion was very large but as time goes by and more people start to enter in this market, the most skeptical start to change their mind. bitcoin still has a long way to go to get several politicians and governments to accept bitcoin as a means of payment and safe investment and we need to be patient.

one of the things that can accelerate the change of opinion of politicians and governments regarding bitcoin Is if more millionaires and biolionarios enter this cryptocurrency market

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Bitcoin doesn’t care what these bookers think any more. Comments like this used to send us crashing but it doesn’t matter any more. The market is far too mature now to give a damn.

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Politicians comments don’t matter in Bitcoin community anymore, we know that most of them don’t like this technology, they are not open minded and don’t even care about words they throw just to discourage investors. I hope these traditional politicians are doing their research and try to understand the benefits of Bitcoin and blockchain.

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