Keiser: Bankers Can't Stop Bitcoin - page 2.

figmentofmyass

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Quote from: Jet Cash on June 08, 2019, 01:32:58 PM

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

volatility is a matter of market liquidity. you can thank bitcoin's scarcity for all the volatility and slippage!

even if volatility weren't an issue (and it might not be), it was acknowledged early on that bitcoin can't scale to all the world's transactions. this is why hal finney predicted the onset of bitcoin banks, which i think we will eventually see. i hope better decentralized or non-custodial solutions take off as well (lightning, sidechains, etc) but i don't see most of the world transacting on the bitcoin blockchain all the time.

BitHodler

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Quote from: leonair on June 08, 2019, 04:34:52 PM

The more these Bankers hit hard Cryptocurrency and Bitcoin itself with their motives of destroying and spreading FUD the more free advertisement it would get then It's fine with all of us.

It definitely is. I have started to notice that people actually turn against them, and as always, the harder you push against something that people start to like, the harder it will backfire.

The same pretty much applies to Roger Ver and his anti Bitcoin Tweets. Just read through the replies under his Tweets and you'll notice how he's not doing himself a favor at all, and not even once dares he to reply.

As for Max Keiser, the only thing he's good at is rehash the same anti bank and government bla bla over and over again. Back in the days it was what people wanted to hear, but we're over that now.

leonair

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The more these Bankers hit hard Cryptocurrency and Bitcoin itself with their motives of destroying and spreading FUD the more free advertisement it would get then It's fine with all of us.

The technology of the future will prevail no matter how these corrupt individuals do their thing because the people will speak and choose for themselves to what's the best.

XinXan

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Quote from: Jet Cash on June 08, 2019, 01:32:58 PM

I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

They would have done so already if they really wanted to, they could have easily bought the majority of bitcoins by now, that amount of money is nothing for them, the market cap was also way lower. In fact in January of 2017 the total market cap of all cryptos was barely 19B, that's nothing for a bank, even for someone rich enough, they clearly don't care that much or they do care but are only profiting from it.

Genemind

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Banks see Bitcoin as a big threat but I don't think they can do anything to stop it. Now that people are aware of Bitcoin and how blockchain technology works, they will realize that they couldn't take control of it. Soon, banks would also accept and colaborate with cryptocurrency but I think it will still take time.

Jet Cash

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I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

XinXan

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I doubt ''bankers'' are trying to stop bitcoin now, it's blatantly clear at this point that Bitcoin will NOT be able to overthrown fiat. Fiat will always be needed unless some other cryptocurrency with far better features than bitcoin appears. Bitcoin simply doesn't work for day-to-day transactions, it would also take a long time before it ever stabilizes which it wont. How would that even happen? The volatility will always be there and even if fiat stops existing for some reason, how will bitcoin be valued?

BrewMaster

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Quote from: CryptoBry on June 08, 2019, 06:09:54 AM

They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

the thing is that we already had a very "crowded" market which has been flooded by thousands of shitcoins most of which were centralized. in fact we already have at least 3 major centralized altcoins in that market and about 4 government coins that aren't in the market (as in listed on exchanges) but exist. and so far bitcoin has not even been dented Cheesy

davis196

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Quote from: CryptoBry on June 08, 2019, 06:09:54 AM

"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors.

Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source.

Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)?

I'm sure that the bankers can stop bitcoin,but only if they are willing to use the power of their puppets-the governments.They won't even have to invest in silly projects,such as centralized pseudo-coins.

Ailmand

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If you can't beat them, join them. Grin

Well, some banks are starting to integrate or consider blockchain tech and cryptocurrency. They have no other choice or else they will be left out. Most people are switching from bank to crypto due to it's convenience and potential.

boyptc

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He's a bitcoin bull and he's the one that predicted bitcoin will reach $100k soon.

IMO, I agree that banks can't stop bitcoin but as usual with those centralized crypto's being launched people's interest aren't really into it.

CryptoBry

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"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors.

Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source.

Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)?

Topic: Keiser: Bankers Can't Stop Bitcoin - page 2. (Read 331 times)