Well, they see it as a competitor, so they hate it. Everyone hates their competitors, and will say everything against them so they will win. Sad thing. Those few that will cooperate and adapt to it will be the one that will shine the brightest.
I agree. The most successful businesses are those who aren't scare of the advancements that happens. Example are facebook, google, and etc and it is obvious how they still at the top of the world even though they have many competitors. Adaptations. 
Topic: New hate wave? - page 2. (Read 20153 times)
Well, they see it as a competitor, so they hate it. Everyone hates their competitors, and will say everything against them so they will win. Sad thing. Those few that will cooperate and adapt to it will be the one that will shine the brightest.
Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?
Representatives of banking institutions will always be dissatisfied with the decentralized cryptocurrency, because it takes away some of their customers and therefore takes away profits. This will especially continue until the state has not fully legalized cryptocurrency.Interestingly, bankers agree that the cryptocurrency arose as a defense against the global economic crisis. For. Cryptocurrency can also be an evil spawn of an economic crisis, but people do not think so.
Neagtive feedbacks, article and news to other country, website or any company about the bitcoin nowadays is a normal for me I think they want bitcoin destroy so they will do their best to not become more successful the bitcoin because in the first place they want to destroy for their own sake so the people trust to them and invest and keep the money of the people in their company.
It was a sad story in 2018 when the market fell sharply, and the enemies of Bitcoin were turning it into shit. But now that we have passed Q1 2019 and Bitcoin prices are recovering very fast in the past few days, I believe why do we have to think in the stupid statements of joint banks?
I did not mention that somebody hates Bitcoin. People can refuse to use it and invest in the cryptocurrency, but I guess, they do not show their emotions doing it. Simply traditional money seems to them more convenient.
Yeah even when i like to preach in favor of the technology this is truth of course.
Some people just don't care about it and don't see a reason to learn something new that it's not really that widely used and they are right in that part if you see it from their point of view.
That is why the more merchants that accept it, the better it will be for the future of the currency.
Since the time when Bitcoin appeared and began to gain more and more attention, its opponents began to appear beside its supporters. Initially, bitcoin was based on the other worthies, but over time it was transformed. The attitude of society to bitcoin is also significantly different today and, for example, in 2010. Therefore, this is not a new wave of hatred, this is a continuation of the confrontation between supporters and opponents of the first cryptocurrency.
Usually people hate what they don't understand or what they cannot afford mostly to prove themselves that something does not worth the current value.
The same is happening with btc. If you really believe btc has a bright future, then just ignore the haters and fud they spread around.
The same is happening with btc. If you really believe btc has a bright future, then just ignore the haters and fud they spread around.
or what they are afraid of.
being unregulated crypto will not be that much popular and most of the people will be afraid of it.
Usually people hate what they don't understand or what they cannot afford mostly to prove themselves that something does not worth the current value.
The same is happening with btc. If you really believe btc has a bright future, then just ignore the haters and fud they spread around.
The same is happening with btc. If you really believe btc has a bright future, then just ignore the haters and fud they spread around.
For anyone who's interested, this is the article that mentions this:
https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis
Next time, maybe add it to your post, OP.
Also interesting, from the article:
https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis
Next time, maybe add it to your post, OP.
Also interesting, from the article:
Quote
The ECB official’s stance is at odds with remarks from International Monetary Fund (IMF) managing director Christine Lagarde just yesterday. Speaking at the the Singapore Fintech Festival Nov. 14, Lagarde urged the international community to “consider” endorsing central bank-issued digital currencies (CBDC), arguing they “could satisfy public policy goals,” specifically “financial inclusion.”
A good addition
Lagarde have a great deal of weight and may have a positive impact on the future in terms of bitcoin consideration by bank officials
In general, the banks war on bitcoin continues and will not end with a knockout
There will be a convergence point between the two sides that will allow bitcoin to be adopted internationally and for reasonable gains for banks as well.
Don't worry mate, no matter of negativity can kill the use of bitcoin and it hopefully the price of Bitcoin would increase later within this year. This is not the first time we have heard all these negative remarks about bitcoin yet BTC still thrives.
although there are many negative news or notifications about bitcoin from any party, but I still strongly believe that bitcoin will recover soon.
The main point that an opinion of such well known and powerful bank may has influence on bitcoin users and possible users (people who didnt join crypto yet). I do not understand why such big institutions as central bank sees only bitcoin's disadvantages? What about fast and cheap transactions and extra income?!
Opinion is okay with the analysis of their version, but the fact proves that bitcoin has started to detach from the slump which resulted in speculation that bitcoin will be destroyed. Bitcoin rose again and prices in my country today are USD 5222, certainly a happy sign for bitcoin owners.Indeed many economists and large institutions continue to corner Bitcoin, even saying bitcoin is a financial system nightmare that exists today. They don't want to admit that bitcoin has been used by many people in the world and merchants everywhere, even countries that have legalized more than 130 countries.
Bitcoin is part of Blockchain thus meaning it has been proven a dozen times that life itself can be helped out with such new virtual technologies.
People are starting to understand and believing that Bitcoin is in reality something that can change their lifes in the upcoming years.
We are already more new investors, adoptations, government acceptances and actions.
It's just a matter of time till we reach the full 100% usage in the real world.
Well the hate upon bitcoin is mainly due to the loopholes in fiat cannot be exploited to such an extent like they used to do and the bitcoin has provided a mean for privacy and security without the overhead cost of the bank and its resources.
I did not mention that somebody hates Bitcoin. People can refuse to use it and invest in the cryptocurrency, but I guess, they do not show their emotions doing it. Simply traditional money seems to them more convenient.
I think, this is old news, and Bitcoin can avoid any negative intervention from outside. there are many countries that forbid BTC transactions, Colombia banned BTC, because the fear of crypto fraud, the Indian government banned BTC because the fear of being used for criminals, Indonesia banned BTC because BTC is a bubble and will only create a loss. but the reality today, BTC will create a golden cross in the near future. BTC will rise again.
The main point that an opinion of such well known and powerful bank may has influence on bitcoin users and possible users (people who didnt join crypto yet). I do not understand why such big institutions as central bank sees only bitcoin's disadvantages? What about fast and cheap transactions and extra income?!
Opinion is okay with the analysis of their version, but the fact proves that bitcoin has started to detach from the slump which resulted in speculation that bitcoin will be destroyed. Bitcoin rose again and prices in my country today are USD 5222, certainly a happy sign for bitcoin owners.Indeed many economists and large institutions continue to corner Bitcoin, even saying bitcoin is a financial system nightmare that exists today. They don't want to admit that bitcoin has been used by many people in the world and merchants everywhere, even countries that have legalized more than 130 countries.
Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?
That's funny, because with debt levels soaring among EU countries, and with the Brexit issue, many are questioning the viability of the European Central Bank and the euro. I think the ECB has bigger fish to fry than bitcoin, and I don't think bitcoin poses a risk to the euro in the near term. I think there could be a worry among central bankers as to whether it will become a significant competitor maybe five or 10 years out.
Yeah i agree. Unless they really believe these statements will shut btc down, i don't think they see it as that big of a threat yet. Though they probably know it will eventually. There will come a time when banks will stare face to face at a crypto revolution and big bankers are probably issuing these kind of statements to prepare for that time.
The main point that an opinion of such well known and powerful bank may has influence on bitcoin users and possible users (people who didnt join crypto yet). I do not understand why such big institutions as central bank sees only bitcoin's disadvantages? What about fast and cheap transactions and extra income?!
Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?
The negative statements are making the image if Bitcoin taited to the public - yes.
But
The financial institutions relentless fighting and hate towards bitcoin and altcoins, could actually be a sign that we are gaining more and more traction.
It's obvious that financial institutions are gonna fight a new technology that threatens their businessmodel. A technology that gives the population power to avoid the expensive and slow shit services these institutions offer.
All that is needed is the spread of this consensus to the general population - unfortuneately institutions like ECB has an easier channel for spreading their narrative, but we have the superior tech
This seems very logical. Banks always find a way to hate on bitcoin since they don’t like how much they are loosing their control over people and their finances. I do hope though that in future they’ll find a way to work together. I mean, they’ll have to, since times are and will be changing.
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