IMF chief is in support of crypto. Keep holding

coinplus

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Quote from: tadpole_bitfrog on November 18, 2018, 11:31:37 PM

Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

This is a good sign that the market is getting a lot of support from the big guys. So we should invest early to get a big advantage before prices start rising in the next few months.

IMF chief is not a big guy, which is just a single person who is entitled to her own opinion about cryptocurrency and does not speak entirely for the whole IMF board.

Yes sometimes, when you know there are some top people in some very solid places showing their great interest for cryptocurrency, it makes you seem a little bit relaxed that this space is going to grow more than this eventually, but it is a decentralized space, and we all particularly have a general part to play when it comes to the adoption in this space. It is not one thing only a single person can achieve, but for awareness purpose though, it is a good start.

Akpuv

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Hurray! Nice one from the IMF chief, Christine Largarde. She is a world prominent and highly influential person in the world financial sector. Glad to see her speaking well and proposing digital currency for countries.

raven7886

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Quote from: Lotermity91 on November 22, 2018, 01:49:19 AM

Quote from: krishnaverma on November 17, 2018, 08:15:49 AM

It is good to see someone with authority in support of crypto. We just need some more encouragement from influential people and this will together boost the prices of crypto.

I am holding all the coins currently because I do not think that it makes sense in selling in loss. The market is uneven but it will correct soon.

And authority like IMF that is totally about money coming and going. And yes, keep holding, for the good time is just about to come. In next month probably, we might be seeing good charismatic actions.

Well, I guess we hope so but even if we see some good action, it does not necessarily mean it is all about the IMF. Basically, this is one person's opinion, and generally, we are all entitled to her opinion which I believe she is as well entitled to hers, which in this case, referring to the IMF boss.

Yeah, just like someone rightly mentioned, things like this tend to give people hope and even create awareness, considering her position she occupied in a global organization like that, and could really help in the long run when it comes to the space growing but all the same, her supporting crypto does not necessarily mean, crypto would because of that skyrocket, there is so much to the market than meets the eye.

Siren

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

This is good news for cryptonians because all we want now are good vibes to help each feeling to be at ease and pevent from panicking but words are not enough to help this market bring to growth again,we are under attack from the bitcoin cash group to bring bitcoin down,but they fail thats why this is the final move of desperation.what we have to do is keep holding and let bitcoin staybon its peak

guoyu78

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Quote from: krishnaverma on November 17, 2018, 08:15:49 AM

It is good to see someone with authority in support of crypto. We just need some more encouragement from influential people and this will together boost the prices of crypto.

I am holding all the coins currently because I do not think that it makes sense in selling in loss. The market is uneven but it will correct soon.

I think another point here to be made is the adoption rate. 5 years ago if you asked the IMF Chief what bitcoin is, they would have given you a vague answer, of course as an entity they are financially based so they would probably know some things about it but they wouldn't be really well versed in the subject. In the passing years bitcoin became so big that even IMF Chief not only knows what bitcoin and crypto is, but also supports it.

This is not some "didn't know what it is, now knows what it is" type of improvement, I mean literally supportive of it. It is incredible that bitcoin went from "money drug dealers used in silk road to buy drugs" into "IMF Chief supports idea of crypto" in just few years. I seriously think if we keep this pace up there will be some sort of world changing events involving bitcoin.

eternalgloom

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Quote from: LeGaulois on November 23, 2018, 06:03:33 AM

Christine Lagarde the same old reptiloid french lady who proposed last year to use the blockchain technology to fight the money laundering fraud & other illegal activities used with cryptos in Europe Cheesy

She was not in favor so far... There is a quote in the article looking scripted like if a 2008 crisis is coming btw...

I hope you mean that reptiloid thing ironically or have you been reading too much David Icke? Tongue

I mean I really wouldn't trust anything she says, I'm fully aware that the IMF is just about everything that's wrong with the global financial system.
Cryptocurrency is trying to reach the opposite of what these people want.

That said, it does give cryptocurrency some perceived legitimacy, at least for some people.

novokovskitve

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even it is strange that he made such statement. usually heads of such spheres treat not really kindly cryptocurrencies because they are not favorable to the bank sphere

LeGaulois

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Christine Lagarde the same old reptiloid french lady who proposed last year to use the blockchain technology to fight the money laundering fraud & other illegal activities used with cryptos in Europe Cheesy

She was not in favor so far... There is a quote in the article looking scripted like if a 2008 crisis is coming btw...

Tonnakyray_21

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I think that this is good for full adoption of bitcoin. They should continue and adopt it in their laws.

sudeshkumar

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THE ENERGY EFFICIENCY PROTOCOL

This is a news which may prove a silver lining in such a situation when the investors are seeing the red. It will provide somehow a sigh of relief and confidence in the crypto.

Zalura

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

this is good news, good news has a big influence on the price of bitcoin in the future, so the fact is that there are many people in this world who are beginning to realize about the extraordinary potential of bitcoin, indeed the currency transition period is running, even though there are various obstacles but the fact is that bitcoin cannot be dammed by anyone.

KKH84

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Quote from: shiming on November 17, 2018, 06:38:03 AM

this is a good news. It shows that more and more people pay attention to the blockchain and pay attention to the cryptocurrency. The blockchain and cryptocurrency have technical characteristics and can contribute to our life. I hope more people will pay attention to this technology.

Yes, as the number of negative or positive news about crypto will make people curious and this is a special attraction to get to know the blockchain technology underlying crypto.

BennyK

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It is good to have such renowned person on board. But the question is, is she performing any effective awareness creation for crypto in order to influence her followers into crypto? This is what the market needs now. The market needs more investors than withdrawers at the moment.

Renaldi blackspadeteam

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the good news, they acknowledge the existence of Crypto and support it is a good thing to add to the future support of the shining crypto,
I hope they don't do nonsense, because just saying it is easy but the action is the proof.

shadyrifles

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The IMF (International Monetary Fund) chief Christine Lagarde advocates Cryptocurrencies, according to the statement by CCN she said governments could set up their own cryptocurrencies. The IMF chief is in favor of the idea of fiat cryptocurrencies. She stated that “The ways in which new technologies are lowering the cost to make financial transactions more accessible, even in very small numbers…I think it’s already massively disruptive,”
But the question remains with high electricity cost and recent Bitcoin value mining has gone for a toss, is the IMF Chief is skepticism about Bitcoin for real?

Harlot

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Finally a good news showing a big support of an international body, honestly I didn't see this news not until now even thought this was created last two weeks ago. This shows that the IMF head is not close minded when it comes to industry and is aware of the current situation we are having. This is just the start what I want to see more is the plans followed by this news, right now she is just showing open mindedness on crypto but it doesn't mean they are centered on some regulation with it.

Dacosta Osei-Tutu

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Despite all these good news, crypto is still going down and down and no one is able to come up with the cause of that. Why are people dumping so hard. Is there any bad news somewhere that I missed?

dmamigo

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Just showing support won't help the market to grow I guess, but still, it is a good approach. Will help somehow adding few members more. Will be looking forward to some serious help by IMF for the crypto industry. Keep on holding who have nothing to lose or in a loss.

Lotermity91

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Quote from: krishnaverma on November 17, 2018, 08:15:49 AM

It is good to see someone with authority in support of crypto. We just need some more encouragement from influential people and this will together boost the prices of crypto.

I am holding all the coins currently because I do not think that it makes sense in selling in loss. The market is uneven but it will correct soon.

And authority like IMF that is totally about money coming and going. And yes, keep holding, for the good time is just about to come. In next month probably, we might be seeing good charismatic actions.

tadpole_bitfrog

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

This is a good sign that the market is getting a lot of support from the big guys. So we should invest early to get a big advantage before prices start rising in the next few months.

Ewinsane

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The trouble with this kind of stuff is that as long as no one really does anything we are quite vulnerable to attacks. IMF supporting crypto is great but are they buying billions of bitcoins to fix the market ?

If not than there is no point on talking. I can say bitcoin is great all day and all year but as long as I do not buy any it won't affect the market.

Look at where we are right now, one dude fought with another and right now we are under 6 thousand dollars. The 6 thousand dollar threshold was really low and everyone kept saying it wouldn't go under there because the indicators showed it would be almost impossible to break it without a brutal sell force which actually happened during this hash war thing.

IMF has all the money in the world and can fix this in a second if they want but they won't, so no use of supporting it by just words.

Dreamr

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

You don't need the IMF chief to tell you the cryptocurrency is a good thing. Whether she likes it or not we're with the crypto till end of time because we know we are on the right path and cryptocurrency is the future.

Dacosta Osei-Tutu

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I don't understand why some people are still showing aversion for a technology like this. A technology full of great potentials like this should be given all the necessary support so that we can together change the world.

Choyor

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If only this statement had a positive impact on the survival of the crypto currency, of course we would really appreciate it, but as it is needed is a real action to be able to change the market situation for the better.

marcelocoin

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hi =D

Very good news for the future and for us working with it and we love technology, yes I hope the future is good for all and more people have access to the market, a new era of investments

yusupjatigumilar

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it is one of the factors that will make the price of the crypto currency bounce back, but not as easy as turning the palm of the hand, the crypto currency price movements always experience a lot of corrections when it rises differently when the crypto currency prices go down, this is a difficult challenge take a position to sell or buy, but surely so that we get the maximum profit we are required to be able to take advantage of opportunities and risks as possible

xuan87

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Well it's a great to see a powerful people start to realize the usage of crypto, and even we can't see the immediate affect, but it could bring more people to trust crypto, and I can see the person really understand the usage of crypto, so this should be good for crypto future growth

BUK2016

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My personal believe is; i will make it some day from the world of cryptocurrency, it will tarry but will surely come to pass in due course. The statement from the Chief of IMF has rising hope for the community that we are not just wasting our time for nothing but preparing our self for the future of multi-millionaire; stick to what you believe, i believe in HODL.

magneto

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

I don't really see any evidence that the IMF is showing "strong support" per se, all they are saying is that regulation is needed and that there is some potential in crypto that countries need to realise.

It's not something that is overly positive news or something that will have an immediate impact, or any real impact on regulations at all.

But it is nice to see that bitcoin's potential is being acknowledged by this institution. The report is completely spot on with the fact that bitcoin transactions are global, and instantaneous which is something that banks cannot offer. Now, I don't think that in the future they'll show the same support for decentralised cryptos due to the fact that they are after all, a centralised institution. But I think that's where the potential is. Global, decentralised cryptocurrencies. If governments around the world start regulating these cryptos positively right now, they will reap the rewards of increased tax revenue and investments in the future for sure, but unfortunately this is not happening in the majority of states.

krishnaverma

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It is good to see someone with authority in support of crypto. We just need some more encouragement from influential people and this will together boost the prices of crypto.

I am holding all the coins currently because I do not think that it makes sense in selling in loss. The market is uneven but it will correct soon.

Gozie51

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Quote from: Ridwan Fauzi on November 16, 2018, 11:29:28 PM

Hopefully, the development of technology will make everyone aware and use cryptocurrency in their lives and ignore what their government says.

This is the main reason that I believe that cryptocurrency will eventually emerge as a currency used for particular digital transaction and more. The world's technology is growing and different businesses are springing up too in that line. One day, cryptocurrency will be preferred for payment at least on the internet business.

shiming

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this is a good news. It shows that more and more people pay attention to the blockchain and pay attention to the cryptocurrency. The blockchain and cryptocurrency have technical characteristics and can contribute to our life. I hope more people will pay attention to this technology.

jimbo2000

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Quote from: Mahanton on November 16, 2018, 01:49:44 PM

Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

You do really have the point and it is indeed part of the reality where these banksters or merchants would definitely love to see for crypto to fail
specially bitcoin because they able to saw that its mainly affecting on what they do have built. These common positive views from so-called popular persons
aren't really affecting too much yet most of us normal or typical crypto supporters would definitely have the same view after all.

It is also people who are generally not in a position to make changes themselves that have these positive outlooks on crypto, they are able to admit to the benefits of it without it adversely affecting their own positions. Christine Lagarde won't face pressure from any shareholders, partners, bosses etc for expressing her opinions, whereas someone working for JPMorgan, or Goldman Sachs etc would do so.

Quote from: batang_bitcoin on November 16, 2018, 05:54:41 PM

This is a fact, they don't want their customers just to go away and get out their money from the banks.

They also don't really want to see these people enjoy what crypto is giving away to everyone. IMF chief is a well known supporter of crypto and she is also giving an idea that governments could set up their own cryptocurrencies.

I saw this about governments setting up their own cryptocurrencies but can't see any environment in which this would happen. The currencies are likely to operate alongside fiat so they're better off just incorporating blockchain technology in to already existing systems and replacing some fiat with their crypto, BUT they would remain interchangeable and actually be the same currency in practice.

Quote from: arpon11 on November 16, 2018, 02:35:52 PM

Yes, the important personality are becoming aware of the important of cryptocurrencies and blockchain technology. I believe that time is going to prove to our financial agency that the world needs a system like this very one and we should keep promoting cryptocurrencies in our own ways.

We ourselves, or the crypto community can probably actually affect change a lot more than Christine Lagarde can. Because we will be the ones pushing for the use of cryptocurrency and pressuring businesses to accept it and banks to adapt to be as efficient or more efficient than crypto currently is. That in itself is a lot more powerful than just stating your belief or support for something. At the end of the day, money talks.

Ridwan Fauzi

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Actually, many people who have believed in the function of cryptocurrency in the future, only a problem comes when various people who counter the cryptocurrency have full power so that everyone does not know or not use cryptocurrency like the government. That is the most important part for everyone still reluctant to try to have a cryptocurrency in their lives. Hopefully, the development of technology will make everyone aware and use cryptocurrency in their lives and ignore what their government says.

chenhaonan

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Regardless of who supports or opposes it, I have confidence in the future of cryptocurrencies. It will not change for whom, this is a group of human awakening, cryptocurrency will certainly change the future.

fauzan Ichsan

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Quote from: cryptodv on November 16, 2018, 08:40:33 PM

That's good news, Bank of America is also bullish on crypto. They have a bunch of patents pending for blockchain tech. Good times ahead.

especially with the current declining market conditions, news like this is needed to maintain psychology. that way we will be calm to hold it even though the price drops. moreover America that issued it, of course will affect all countries

bayu7adi

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dont be greedy

a website with a low level of trust tries to provide good news so that all cryptocurrency communities remain passionate and confident in cryptocurrency
this is good, but at least everyone has the right to get the original news that is truly valid,

cryptodv

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That's good news, Bank of America is also bullish on crypto. They have a bunch of patents pending for blockchain tech. Good times ahead.

Gabali126

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We should expect to see more of this kind of support from other prominent global organisation chiefs. Crypto is moving on!

Osayo

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

I actually read a post of the IMF chief, Christine Largade, saying that individual countries should consider state owned digital currencies. I am very sure this will pave further way for cryptocurrency acceptance.

timerland

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Quoting from that IMF report:

Quote

“Today, some enthusiasts say crypto-assets may represent the beginning of a similar breakthrough. Others condemn crypto-assets as little more than a fad or a fraud. We should not dismiss them so lightly.”

I think that's a fair judgment on things right now. There has been plenty of people out there that have either claimed that bitcoin is not going to survive, or is a ponzi scheme/pyramid scheme, etc. You name it. These people I think simply don't understand what bitcoin brings to the table, and its decentralized nature.

However, even though the IMF article showed some pretty positive stuff about crypto, it's not going to be necessarily the case on a national level where legislation and regulation is actually made.

It's still up to the governments to decide whether they would like to ban crypto (even though that would be a completely stupid idea due to the impossible task of enforcing it) or not, and what regulations they want to put in. The IMF also has not made clear whether the "crypto assets" they support are decentralized, or issued by governments. That part of it is still vague and up to interpretation.

hatshepsut93

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It's funny how people start screaming "to the moon" when someone famous is saying something positive about Bitcoin, but when they are criticizing it, their opinions are quickly getting dismissed. So, if this very same IMF chief have said that Bitcoin is a bubble, people here would be talking how stupid she is. This is a dangerous mentality because it's ultimately being driven by emotion towards our investment rather than logic.

batang_bitcoin

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Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

This is a fact, they don't want their customers just to go away and get out their money from the banks.

They also don't really want to see these people enjoy what crypto is giving away to everyone. IMF chief is a well known supporter of crypto and she is also giving an idea that governments could set up their own cryptocurrencies.

Dimon8

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She said she supports cryptography. But I did not understand how? Does she do something for the development and legalization of crypto?

cetald

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Unfortunately, such statements no longer have any influence on the cryptocurrency market. The market needs real action. Everyone is waiting.

arpon11

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

That is a great statements made by IMF chief and she really spoke the reality. We are going to have a very serious surge in investments into cryptocurrencies market in the year 2019. All this statements is like a preparations for what is going to happen next year. We all know that blockchain technology is transparent and if the world want to used a transparent system the best thing to do is to adopt blockchain technology.

Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

Yes, the important personality are becoming aware of the important of cryptocurrencies and blockchain technology. I believe that time is going to prove to our financial agency that the world needs a system like this very one and we should keep promoting cryptocurrencies in our own ways.

Mahanton

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Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

You do really have the point and it is indeed part of the reality where these banksters or merchants would definitely love to see for crypto to fail
specially bitcoin because they able to saw that its mainly affecting on what they do have built. These common positive views from so-called popular persons
aren't really affecting too much yet most of us normal or typical crypto supporters would definitely have the same view after all.

jimbo2000

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Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

dothebeats

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Yes, she may be in favor of cryptocurrencies, but what good does it do in our current state of affairs? Words will only be words if they aren't spearheading something that would be beneficial to cryptocurrency users and the general masses as well. See everyone supporting cryptocurrencies once a good project outline comes from them. The only thing holding back the general public into using crypto is the lack of support from the government and financial institutions, and once that is cleared out, they will come into crypto in waves that's for sure.

Short-term future cryptocurrency is headed towards destination fck*d, but long-term is future is still beautiful if the IMF is really into something for the development of cryptocurrencies.

Dacosta Osei-Tutu

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The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Topic: IMF chief is in support of crypto. Keep holding (Read 543 times)