Topic: DO THEY REALLY CARE ABOUT YOUR MONEY? - page 2. (Read 416 times)

they care about their power and control of society

when it comes to financial matters the only person whom you should trust is your own self. but the problems has always been that not everyone can be a financial expert or even have minimal knowledge which makes things very difficult when it comes to making financial decisions.
those who are seemingly giving advice are abusing this lack of knowledge to their own advantage by misleading others.

Good thing

the banking or financial sector don't really care about our money, what they are scared of is the fact that they may be deserted following the thread at wish people have come to adopt bitcoin as a currency. All they really care about is the interest accrued from the transactions they do with your money and when bitcoin takes over their services may no longer be relevant.

Banking is a business, they really do not care about anyone's money, be it poor or rich they are more interested in getting profit from everyone, this is a pure business like any other business, banks just sell their financial products. Now why banks are behind cryptocurrencies, its because common people have started investing in Bitcoin and altcoins, also many of crypto traders are now doing transactions thr blockchain which is indirectly affecting bank's business, now suppose every sale point starts accepting crypto as payment then how much loss would be to the banks with such transactions, this is the reason banks never want cryptocurrencies to exist.

That is kind of odd. What Fiat exactly is dead? What kind of information are you giving? Do you have any proof of what you are saying? I read that the Government doesn't really care much about Bitcoin because Bitcoin still relies on fiat.

Lets look at a hypothetical situation to understand it in a better way,

Lets assume you are a relative of a local politician and you run a general store in your area and you enjoy great business without any competition.

Now a second general store opened up in your area who started offering better quality of products and the people immediately started buying from your competition. Your business has started showing a decline due to this.

Now since you are a relative of the local politician, you start unethical measures like fake postering and whispering campaign against your competition so that people start coming back to your store. No one is openly confronting you even after knowing your ways are unethical because you are related to a powerful politician.

Now consider your store as Bank, your competition as bitcoin and the politician as government. The entire story must be clear to you!

I think these people that are doing negative news about btc perhaps are those whale manipulators since their purpose is to buy more btc when price value becomes lower. FUD and fake news  that manipulators are spreading is just a strategy at their own comfort and all they care are themselves wherein they can earn enormous profit once bull market pumps. They do not care for the other people investing btc especially for the minority investors.

Personally, I believe the many people who are against the bitcoin philosophy are mostly selfish individuals who always want to get all the benefits in a particular venture with all the benefits without thinking about the interest of others. The world has really evolved and pretty soon most people would rise up and speak for the good of bitcoin.

there are two things that we shall not confuse. one of them is the warnings that has been given, sometimes by central banks about cryoptocurrencies. they are valid warnings that we have also given to newcomers about the risks that they have, specially altcoins and some people need to hear those warnings because they blindly put their money where they don't understand.
the other one is when people like Warren Buffet as you said are talking against bitcoin and some of them do it constantly. these people are never worried about OUR money, they are worried about THEIR OWN skin.

I honestly think that they dont. Corruption is the the main play here and no government is free from it. If they care about the money and status of their people, they should not bring down the economy which is the foundation between superiority and mankind. With that said, I do not believe that bitcoin is just a bubble because it has the capability to unite many users and investors onto a certain achievement.

We all know that bitcoin is the most popular and the most successful crypto currency and it stood on the first position on the ranking of crypto and since with in a decade, it has made a tremendous progress, so there must be some reason that why millions of people around the world are investing into bitcoin and feeling that their money is safe and has a hope that they get profit from their investment so offcouse these people care about our money

In a way, they do. They of course want to earn from Your money, but fact is, that in average stock markets grow (of course bears are always there). https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

So this give at least theoretical chance, that both Warren and You, win at same time. Bankers dont actually say: keep Your money on regular account. It is widely known recommendation, that You should invest Your money and put it to grow. If You keep reinvesting Your money in healthy way, its useful for many participants of market.

BTC on the other hand, does NOT have that kind of healthy cash flow. You can not earn with BTC by any other means, than reselling it with higher price to someone else, or by winnng mine-lottery and sell Your coin straight away. There is NO HEALTHY growth of products usage involved with BTC.

Why do you think fiat is dead? How do you determine that the economy is dying?

Now lets assume that you are the owner of a Domino's Pizza store and your business is going well not just because of the quality but also because there is no other option to buy pizza at your block. You don't have to worry about your business because there is no competition. You are happy and everything is going well for you.

Now assume, Sbarro decided to open a new store in your block. Not just that, they have started to offer their great New York Cheese pizza at a bare minimum price. People started visiting their place and you can see some of your old customers have also started visiting their store and your business is going down as a result. You are not happy now and you try to find a way to deframe that store by saying, they don't use fresh dough or fresh veggies or fresh meat to prepare their pizzas unlike you.

Same thing is ongoing here in crypto world! Banks are facing the heat in their remittance business because cryptos offer a much better value propositions. Banks or governments doesn't really care about your money or the safety of your money. But they can't simply state that in a literal sense. That is the reason why they are showing that they are worried about the safety of your money, when the main reason is they are loosing their business big time!

In this world, no one cares for your money! So you are the one who should be thinking about taking care of it! 

There are numerous traditional currencies, which exactly is failing?

And banks primarily safe guard your money and assets. They can't have the volatility in digital currency, people like stability, no one wants to check up on their account and see that their last month salary has reduced by 30%. Even though it likewise can double.
Bitcoin is an alternative to fiat. And has something unique in the blockchain technology.

Gov'ts can either restrict bitcoin in their states or not. I've seen positive news on the media as well as negative, I would say they are fighting it.

And about it being a bubble, I don't have a clear answer. It's an asset, and it has value which is derived from the work and resources out into mining it. It's price increases irrationally and can also dump heavily.

From time to time, we do hear some suppose experts and even successful investors talking about how bitcoin is a bubble and is not going to end well, and something like: is going to go down as the biggest scam in the world. We have heard the ill submission of the highly respected BTCWARREN BTCBUFFET as regards Cryptocurrency.
some countries and government agents have spoken about how dangerous bitcoin investment could be. Despite all these negativity, blockchain.io once reported that they get a huge daily sign up for bitcoin wallet account, meaning people are running to bitcoin in the wake of the failing traditional currency.

Now my question is this: Despite the fact that the banks keep your money with a return of almost useless interest paid, which is irrelevant to inflation, why do they discourage people from buying a more valuable currency like the bitcoin to their dead fiat? And why do they spend so much money in contracting the media and experts to fighting Crypto instead of looking for a way to saving a dying economy? Do you think they really care about the security of our money?