People lose Faith and Hope for banking and tradional markets

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: iv4n on October 07, 2020, 03:18:01 PM

People lose faith and hope for banking and traditional markets is one way to say it! Other way to say the same thing is that people are full of shit, and people don't wish to fight endless wars with governments, that always fuck you up, sooner or later! We all felt that on our skin, at least all of us here, in some way, and many people are looking for alternative, and guess what, crypto is great alternative!
I always say internet and crypto will change the world we know what's happening in the last 30 years (for internet) and 10 years (for crypto) is just a proof of that! I believe that people are turning to crypto more and more, it's a slow process, but it's going, many good examples are around for those who see!

This is also true, governments know they can make use of force whenever they want and many people will decide to not take action knowing full well that their actions are tyrannic because they are afraid that they will be facing repercussions for their actions, this is what allows the governments to do whatever they want without caring about their population, and this is yet another reason to like bitcoin, bitcoin allows you to make a peaceful revolution, and the only thing you need to do is to stop using the fiat of the government and you can beat them that way.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Bitcoin does get affected obviously, it is something that affected the whole world so it makes sense that crypto got affected as well, but it recovered so well. While there are still tens of millions of people unemployed because of corona virus, we have bitcoin at above $11k once again, that is not something you can fake, bitcoin is just much better than traditional financial system.

Traditional financial system was built to make banks richer, most of them own stocks in all those big companies, so all the big companies you see are owned by banks and that is why we are working to make banks richer. You work at a food restaurant? Probability is they have resources like food bought from some conglomerate food company like kraft that they buy from making banks richer, there is no business away from stocks totally.

MCobian

full member

Activity: 1190

Merit: 117

I am very surprised by your thinking that Bitcoin will hit the price of $ 100,000 in one week, if it does come true I am also very happy.
But we must be able to think realistically, there's no way Bitcoin hype will hit $ 100,000 anytime soon.

For investors who are starting to switch investments from traditional markets to then invest in cryptocurrency, it cannot be said that
investors lose faith and hope for traditional market. They as profit makers must have a strong instinct to take the opportunity to make
profit in cryptocurrency. Due to the fact that currently investing in cryptocurrency is much more profitable. But if the world economy
starts to recover and the traditional market revives, I am sure investors will return to investing in the traditional market.

sana54210

legendary

Activity: 3318

Merit: 1128

Well you already revealed your main intention; you’re just here for farming and nothing else. Saying that the market will reach $100,000 in a week, you must be joking. Let’s assume that the market gets up to $100,000 in the one week as you have said, people like you are still the ones that are going to start dumping their bags and withdrawing their money, still going back to the same banks and traditional market that you’re badmouthing.

Or are you trying to say that you’re not making use of a bank? The kind of posts some people make here makes me wonder if they really sit and think before posting. I like cryptocurrency and I invest in it, but I wouldn’t say this. There is a purpose why we invest.

barbara44

hero member

Activity: 2534

Merit: 605

Quote from: glowing10 on October 07, 2020, 02:52:37 AM

Quote from: PonZZ on October 07, 2020, 02:25:01 AM

I'm not sure that Bitcoin will hit to $100k. Anyway almost the half of Americans trust banks less in recent years. And only 8-10% of the US citizens own Bitcoin or other cryptos. This means that most still choose cash or precious metal as a store of wealth.

In my country also very less people do hold it because of the unclear government policy and media has played a very negative role here in just highlighting the scam part about it. This has resulted in people to stay away and trust and continue to use the banking services as before.

Also people need some kind of assurance when they invest their money into any asset so even though Bitcoins are doing great and crypto has bright future but still people believe in traditional ways of investment because assets like Gold give them assurance but an investment in Bitcoins does not give them any assurance and the government does not support them either which makes it looks like a very risky prospect and awareness needs to be spread about how Bitcoins works and the decentralized nature because right now to some people still Bitcoins is a bubble.

People indeed lose faith in banking sector but the fact that we live in a particular country and have to abide laws we will always have to accept the banking system and despite how poor it is, that will remain the only option.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

If you have news sources, please post them here.

Your words are very wrong and misleading, how do you know all that nonsense, show it here, you should have to review what you said it.

You say the whole world, of course including my country, for sure, but what you say is not in my country, on the contrary, people have more faith in the Bank and the index market, this is very wrong information you giv.

People do all kinds of things trading, investing and so on Bitcoin, no, should leave the bank, that's not true what you say, hoax.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

I agree that Bitcoin will hit the 100k price in the future.
On the other hand, I disagree that it will happen in only one week. That is almost impossible to happen Cheesy

.

Banks are affected greatly because of this pandemic that they decreased their interest rates so that people can loan to them. I already lose hope for the banks already long time ago and I don't deposit any money to any banks for some reasons. As for traditional markets, I don't think that faith and hope of people there are gone. Still many people are getting profit from it.

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: el kaka22 on October 07, 2020, 11:17:39 PM

Banks are not the reason though, it is the fact that people think they could get rich and less and less people have that feeling nowadays which lost a lot of points to banks

Truly, people believe in that fact these days. Getting rich, or having that bag of stash which will make them disappear from grim reality of Huss and fuss world. Nothing wrong in that.

However, you truly stated as mentioned below....

Quote from: el kaka22 on October 07, 2020, 11:17:39 PM

Back in the day "you have a chance to be rich" was something more people believed in, if you asked people if they had a chance to be super rich one day 40 years ago, a lot more people would say they have that possibility, now if you ask them to people they are focusing on surviving let alone getting rich so that feeling is gone.

In a way it’s gone but not completely I believe. Honestly even a day trader thinks he would make thousands of bucks with cryptocurrency because it’s way volatile and modern opportunity. But how much successful it is? May be not much for the small investors but do have influencing power for big institutes.

Quote from: el kaka22 on October 07, 2020, 11:17:39 PM

Who made the most profits from that feeling? Banks because banks and investment banks specifically allowed people to invest into stocks so that when they retire they would have millions of dollars waiting for them, now that people know it is a very very rare chance they could have that, they are not doing it as much as they used to.

And same thing is happening with the crypto currency exchanges as well. Big stash is going into their holdings and big investors are making corrections in the margins and earning nice profits. The smaller traders are getting crushed middle of this. So yeah, we never know what is right here.

Maroons

jr. member

Activity: 96

Merit: 3

Quote from: Serious475 on October 08, 2020, 02:33:29 AM

That's true, it all happened because of the pandemic virus, there are many businesses that go down. All of the stocks get failed, their only thing that stays in the cryptocurrency even though it falls down up to $3900 before, it still recovers and reaches $10k which has a big difference and big movement as well.

People become more focused on cryptocurrency because they have so much time to spend at home and they can spend it all on learning things about cryptocurrency, it will also help them in terms of finances.

I think no, it is not true that people are now taking out their money from the stock market and fully put it in cryptocurrency, i mean yes yhe stock market may not look good now but once this pandemic is over everything will slowly go back to normal besides more people are still comfortable using traditional banks because it is what we are used to and getting rid of that will be quite impossible and the OP saying that bitcoin will hit 100k in just a week or even less is unbelievable because there is no one that has no knowledge about crypto will just plainly put their money into bitcoin without knowing it and a few months will not be enough for an individual to learn crypto and comfortably invest in it so it will still take us years to attain that price of bitcoin.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: wack slacker on October 05, 2020, 11:59:54 PM

I'm just assuming you're speculating and if it happens when the banking system collapses on a large scale. I believe the banks now have more money to handle their funds.
In our country, banks encourage people to borrow capital for economic development.
Bitcoin can go up fast, but in a week or a month that looks ridiculous, they may take longer to reach the $ 100k mark.

Banks are deeply rooted in a country, I do not think that a financial institution collapse will happen anytime soon. Even if bitcoin is revolutionary, the users are still small compared to people who still uses banks. In my country, online banking is the one that is getting more traction rather than cryptocurrency, someday it might happen here and the fate of whether the government is in favor or not wil come.

Serious475

full member

Activity: 574

Merit: 101

That's true, it all happened because of the pandemic virus, there are many businesses that go down. All of the stocks get failed, their only thing that stays in the cryptocurrency even though it falls down up to $3900 before, it still recovers and reaches $10k which has a big difference and big movement as well.

People become more focused on cryptocurrency because they have so much time to spend at home and they can spend it all on learning things about cryptocurrency, it will also help them in terms of finances.

Shasha80

sr. member

Activity: 1876

Merit: 318

Investors do not lose hope and faith in the traditional market, but move to a more profitable one, namely investing in crypto.
because now investing in crypto is indeed more profitable. But when the traditional market recovers, I am sure investors will
return to investing in the traditional market again. I also do that, because in my opinion, as an investor you should be able to
see opportunities.

Then regarding your opinion that Bitcoin will soon touch $ 100,000 in one week is not possible. Because until now Bitcoin has not
been able to return to the all time high price again, so your prediction will not happen in my opinion. Based on my analysis, getting
to $ 100,000 would take another 5-10 years for Bitcoin.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Positive thread like this is what we need now to attract those investors to put their money inside crypto and took all from their banks and other investments Grin

.

But we already know that this will happen in future so for now let us continue the support for Crypto as this is what we need to do for continues success of crypto market.

Janation

hero member

Activity: 1722

Merit: 528

How could they lose their faith?

The stock market is still going and if people lost their faith in those, I don't think we should be seeing Bitcoin at $10K. People are still investing in stocks, they are even taking advantage of it since the values of some are falling because of the pandemic. Online transactions on banks are mulitplying, your speculations are wrong.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Banks are not the reason though, it is the fact that people think they could get rich and less and less people have that feeling nowadays which lost a lot of points to banks.

Back in the day "you have a chance to be rich" was something more people believed in, if you asked people if they had a chance to be super rich one day 40 years ago, a lot more people would say they have that possibility, now if you ask them to people they are focusing on surviving let alone getting rich so that feeling is gone.

Who made the most profits from that feeling? Banks because banks and investment banks specifically allowed people to invest into stocks so that when they retire they would have millions of dollars waiting for them, now that people know it is a very very rare chance they could have that, they are not doing it as much as they used to.

erikoy

full member

Activity: 686

Merit: 125

Not really for now banking system are frequently an ooption for making transactions online due to pandemic where virus could be pass on tangibe materials like fiay currency. Hence, the online transaction has been advise always in doing trabsaction.

Now that we are evolving already or grasping the online transaction it may be good to spread the awareness of using bitcoin as a option for payment. This can make a revolutionary way of making online transaction in a decentralized in manner.

Another thing that bitcoin has an advantage is doing the transaction anonymous. Not like in thr banks where they could steal your identity and probably people working on the bank will use it in a way for their own interest.

Broly46

full member

Activity: 1554

Merit: 116

0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

It’s intriguing, I’m watching many young people are giving up and decide to turn into incels, it didn’t stop here, hackers are roaming everywhere to destroy every security system on the software level, plenty of leaked source codes, plenty of zero days exploit spreading around, what’s going on? I’m surprised people are chilled facing all the noise all over the internet. But it’s kinda fun.

Oceat

sr. member

Activity: 2506

Merit: 368

I believe this is just a claim or speculation if there's no proof to present. I can't assume $100k in just a week or even faster will going to happen. You're talking something impossible at the moment, nobody wants to drop money if this is the amount you are expecting. Talking about dumping their stocks because they don't believe to it anymore is a joke. You probably talking something that you would expect to happen but in reality it is not, unless you can put a documentary evidence of your claim.

iv4n

legendary

Activity: 3248

Merit: 1179

People lose faith and hope for banking and traditional markets is one way to say it! Other way to say the same thing is that people are full of shit, and people don't wish to fight endless wars with governments, that always fuck you up, sooner or later! We all felt that on our skin, at least all of us here, in some way, and many people are looking for alternative, and guess what, crypto is great alternative!
I always say internet and crypto will change the world we know what's happening in the last 30 years (for internet) and 10 years (for crypto) is just a proof of that! I believe that people are turning to crypto more and more, it's a slow process, but it's going, many good examples are around for those who see!

Lordhermes

sr. member

Activity: 1232

Merit: 379

Its really a joke for bitcoin to hit 100k op in just a week, I don't this is possible, although the market structure and massive trading will get to that point but not now, all the analysis are just a guessing voices by many investors.
The real facts of these is that, people turning in for bitcoin is purely the truth that money in local bank is not producing profits, and just lying dead in the account, therefore, economically, the increase factor is not really more high in the traditional market unlike cryptocurrency, so I really think people will choose investing in crypto more in the future.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: South Park on October 07, 2020, 11:47:33 AM

I believe people are actually beginning to see that the economy is in trouble and neither the government or banks will be able to save us, but the last statement that I quoted is precisely why people distrust this market, we cannot claim that bitcoin can reach 100k in a weak, that is simply ridiculous, do I think that bitcoin will reach 100k? Yes, but I do not know when and I am prepared to wait at least a decade for that to happen but when people read something like that they prefer to keep their fiat fearing they are going to get scammed because of those exaggerated predictions.

Bitcoin price is still undefined unless we see it happen. It's the risk we have to take with crypto. But atleast in crypto or bitcoin we will be able to really see the price moves high and sometimes down, unlike in banks that our money just sleep there and only the bank will be gain profit while are money was their. We need sometimes to risk without knowing what may happen next. The good thing about bitcoin is that its apply as a good alternative currency now whenever bank or mobile banking transactions failed.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

I believe people are actually beginning to see that the economy is in trouble and neither the government or banks will be able to save us, but the last statement that I quoted is precisely why people distrust this market, we cannot claim that bitcoin can reach 100k in a weak, that is simply ridiculous, do I think that bitcoin will reach 100k? Yes, but I do not know when and I am prepared to wait at least a decade for that to happen but when people read something like that they prefer to keep their fiat fearing they are going to get scammed because of those exaggerated predictions.

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

Quote from: eXPHorizon on October 07, 2020, 08:47:09 AM

They arent really losing hope and faith. It is just that we are living in a Pandemic my friend.. times are uncertain for everything

Don't make a hard think about the opinion of @OP, I saw his opinion seemed drunk.. The environment seen on YouTube cannot be used as an example/benchmark for all conditions in the world..

Quote from: Findingnemo on October 07, 2020, 09:13:57 AM

You call yourself as economist then do you really think is it possible to hit 100K in one week?

Never possible no matter how kuch people prefer cryptos as best investment right now.

OP is an economist ?? I just found out that!! Cheesy

I don't know what analysis it uses so it gets a value where Bitcoin will go ($100k). we can only say "whatever you think but please think more realistically".. Cheesy

plvbob0070

copper member

Activity: 658

Merit: 402

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Yes, there are flaws in traditional banking but I'm just wondering how sure are you op that that's the reason why they are taking out their money? Because for me, the most possible reason is due to the pandemic, that they need to spend money on their expenses. Also, even with people losing trust in the current banking system, the majority is still depending on them. I just hope that like what you've said, more people will realize bitcoin and start adopting it.

And as for what you said that Bitcoin will hit 100k if you have strong evidence, might want to share it with us?

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

People really experience many things in this lockdown. Many lost their job, many find it difficult to feed their family, many investors loss their profit with their traditional market which caused them to nearly give up their businesses and banking system before they now realize that Bitcoin can help them to improve their businesses and also sustain their family for this pandemic.
I think, they lose faith and hope because of the profit they are getting from the bank and traditional market is to low compare to Bitcoin which the profit is always higher.

molsewid

hero member

Activity: 2170

Merit: 530

Not all people lose hope and faith in traditional markets. Many people still believe that this kind of situation is the best time to invest in the stock market because there are many low-priced stocks compared to the price before the pandemic. But we can't say it's the best time because who knows what will happen next.

What is the strong evidence that Bitcoin will hit 100k+?

People choose to invest in bitcoin because the profit on trading bitcoin is far higher than the bank's interest rates. But not all people who take their money out in their bank account are intended to invest in bitcoin. Some of them need it in this kind of situation.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

You call yourself as economist then do you really think is it possible to hit 100K in one week?

Never possible no matter how kuch people prefer cryptos as best investment right now.

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: PonZZ on October 07, 2020, 02:25:01 AM

I'm not sure that Bitcoin will hit to $100k. Anyway almost the half of Americans trust banks less in recent years. And only 8-10% of the US citizens own Bitcoin or other cryptos. This means that most still choose cash or precious metal as a store of wealth.

Its really true that the proportion is so high to use bank or precious metal but the crypto using is increasing day by day .That's why i can easily say the price will gradually high and people will more trust on crypto

eXPHorizon

full member

Activity: 1330

Merit: 132

Precision Beats Power and Timing Beats Speed.

They arent really losing hope and faith. It is just that we are living in a Pandemic my friend.. times are uncertain for everything

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

What makes you sag that ultra rich are taking money out of the traditional markets? Any proof? Or just blabbering around by rumours or anything? Even if they are investing in cryptocurrency startups. I would rather call it investing your surplus in highly risked assets to earn extra ordinary return. Rich have a habit of investing in everything new. Not even a single so called rich has made a state nor has given any passive indication of not trusting banks. Moreover please give me the evidence that makes you think BTC will go 100K+ . Making speculations is good but atleast there should be some good backing of it otherwise it's just dreaming.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

This is hilarious. I feel that you are deeply miserable right now. But sadly, I believe that you can not escape the traditional way. As you can see, even though there are many bad things that happen to our life, we cant not deny the benefit and the order that the banking system has brought to us

It is even funnier when you make a strong statement that bitcoin will hit $100000 in less than a week. Keep dreaming, boy. Living in our dream is one of the best ways to avoid tragic reality. I have to go back to my daily work and receive money through a bank

abhiseshakana

legendary

Activity: 2254

Merit: 2253

From Zero to 2 times Self-Made Legendary

Quote from: Salauddin1994 on October 06, 2020, 10:49:12 PM

It will take some time for the virus to subside but the world will return to its former glory traditional is more important in the case of the banking system and the stock market. Many are losing their jobs due to the epidemic and are suffering from frustration and financial crisis as they are not investing any money in banks and stocks due to which the demand of banks is declining and people are losing confidence due to frustration.

Finally, many people are aware that banks and markets (stock market, capital market, money market) are dynamic duos in national and global economic chaos. Banks prepare bullets for individuals and speculators to gamble and the market prepares the place for speculative action that leads to the hoarding of money on a group of people.

With the economic slowdown and a large number of withdrawals of money from banks for consumption and investment in save haven assets such as precious metals and cryptocurrencies, the Bank began to experience a liquidity crisis. This is where the public just realizes that it is the community who actually animates the bank, unlike the understanding so far that banks are the lifeblood of the country's economy whose existence must be protected and saved by the state. When conditions are difficult, banks also do not want to channel funds to customers due to fears of bad credit.

Meanwhile, the stock market causes real investment to not get an injection of money, because money is circulating in the financial market, which in turn results in economic stagnation due to lack of growth.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: glowing10 on October 07, 2020, 02:52:37 AM

Quote from: PonZZ on October 07, 2020, 02:25:01 AM

I'm not sure that Bitcoin will hit to $100k. Anyway almost the half of Americans trust banks less in recent years. And only 8-10% of the US citizens own Bitcoin or other cryptos. This means that most still choose cash or precious metal as a store of wealth.

In my country also very less people do hold it because of the unclear government policy and media has played a very negative role here in just highlighting the scam part about it. This has resulted in people to stay away and trust and continue to use the banking services as before.

The problem of bitcoin to grow is the legality of the government. Without legality, bitcoin will difficult to grow or have a fast adoption from the people. People themselves will not feel confident or believe in the crypto because they are worried about the legality. I am not sure if people will be aware of the price volatility because bitcoin prices will always be like that.

I think bitcoin needs more time to get more adoption from the people, and while that time is not coming yet, we must use this time to make more and more bitcoin. So when that time comes, we are ready to take a part of that, and of course, we will have a chance to make money from bitcoin.

glowing10

full member

Activity: 812

Merit: 142

Quote from: PonZZ on October 07, 2020, 02:25:01 AM

I'm not sure that Bitcoin will hit to $100k. Anyway almost the half of Americans trust banks less in recent years. And only 8-10% of the US citizens own Bitcoin or other cryptos. This means that most still choose cash or precious metal as a store of wealth.

In my country also very less people do hold it because of the unclear government policy and media has played a very negative role here in just highlighting the scam part about it. This has resulted in people to stay away and trust and continue to use the banking services as before.

PonZZ

member

Activity: 214

Merit: 11

I'm not sure that Bitcoin will hit to $100k. Anyway almost the half of Americans trust banks less in recent years. And only 8-10% of the US citizens own Bitcoin or other cryptos. This means that most still choose cash or precious metal as a store of wealth.

themohit

full member

Activity: 194

Merit: 100

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

This phrase reminds me of good old McAfee so I think you're really delusional.
I could believe in btc hitting somewhat close to $100k in 5 to 10 years, but one week dude you're insane and probably have no clue what you're talking about.
Or you know how bizarre you sound and said so just to bring some attention - both ways, rethink your approach to crypto.

Alucard1

full member

Activity: 574

Merit: 125

We are still suffering because of the pandemic, there are many things that have changed when the pandemic started and there are also many people who lose their job as well. Even though the economic falls so har, I am still believing that it can recover because as we can see the cases of COVID-19 is now decreasing compared before.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

Evidence? Then where it is, it is impossible for the bitcoin to hit 100k+ in just one week that is a big joke, so basically you are only assuming ,that and besides you don't even give the evidence that you are talking about.

Salauddin1994

member

Activity: 868

Merit: 15

It will take some time for the virus to subside but the world will return to its former glory traditional is more important in the case of the banking system and the stock market. Many are losing their jobs due to the epidemic and are suffering from frustration and financial crisis as they are not investing any money in banks and stocks due to which the demand of banks is declining and people are losing confidence due to frustration.

The cure

jr. member

Activity: 448

Merit: 4

Perhaps others have lost confidence in the banks, due to the effects of the virus around us. One of the reasons is that we avoid going out of our homes to withdraw money. Others think that banks may eventually shut down if the virus continues, but even so it is still not enough reason to say that almost everyone in the world are taking out their money to the banks and getting out to the traditional stock market. Because most of us still have the faith that everything will come to an end and will return back to normal.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

As long as banks still prove their worth to the government, they won't be abolished no matter how many scandals and fraud they get themselves into. The government will just impose fines and that's it, no severe repercussions whatsoever to wrongdoings of the banks. Also, the stock market has been up quite a lot of points just recently, so I can't see that as 'losing trust' in any way. As for bitcoin reaching new heights in a short span of time, that is unstable, and as a matter of fact dangerous since we know how fast the price crumbles once no one wants to buy it at that price anymore. I'd rather have a slow growing bitcoin in terms of price rather than a sharp increase that is unstable and prone to dumping any day.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

As an investor, will you just watch your funds falls into the ground? Of course, NO. So you will think of a way how to recover and that's why they shift into crypto. But don't be hasty to think that investors lose faith in stocks or gold. That's why they called investors in the first place because if there's an opportunity to earn, they will try it no matter what.

Give at least, 2-3 years then these investors will shift back again on stocks because they are used to it.

And didn't you know that the crash happened in stocks is a blessing for others that want to make an entry? Basically, stocks are still on hype. I don't know where on news, articles, proofs, evidence you got that idea.

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Yes, it is true, there is no denying that many people have lost hope and are also annoyed with the banking system in their country. However, what we can do is not much. The fact is, even though we have tried to circumvent the banking system, we still cannot completely.

especially for some people in certain countries, banks, and traditional markets play a very important role in life. And they cannot be replaced by anything so far. There are still many people who are not aware of the crypto world and they are still doing what they are used to. And regulations in each country are different where sometimes we cannot freely enter the world of crypto. Crypto is sometimes legal as a digital asset but not a means of payment. And the worst thing when dealing with banks is related to bank loans, it's killing people. But the problem is, most people still can't get away from it.

As for the gold itself, many of them still believe in investing in gold and will continue to do so. And this is normal.
But here is the challenging side that we have to face how we fight the flow slowly, not completely. However, we can try to at least further reduce the link with the bank.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

OP's pointers are clear self-speculation and a product of his own view.

I'm not against at your own view but don't make it as general and tells everyone here that's the real case happening in the world right now.

Lose faith in stocks? Someday these stocks will back again on their usual track. No way they will just remain like that for years. There's a pandemic, not an economic-related crash, so it's reasonable that stock investors are losing. As for banking, it will never be replaced. I mean why should they be replaced by crypto if they can both work together instead?

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+ In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

LOL

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

^ That's not how work bud. Life doesn't work that way. I am an optimistic person. But I learned a lot of things during my entire life. Been there and done that. And I would suggest to you not to expect for our beloved crypto-currency would grow that quick and have the bull run so we can dump or liquidate our assets. That's not how it would work bud.
Believe me, it is quite good if we have alternate to cryptocurrency not only just focus on it. Besides, you can have these both cryptocuurencies and stock markets if you bcan afford to invest.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: avikz on October 05, 2020, 10:10:44 AM

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Nah, this is just an another own opinion basing off on what he do look about Bitcoin which its actually too unrealistic to happen.Yes, we do have all those pro's but we shouldnt forget about its limitation
due to its main characteristics.Bitcoin is decentralized which is totally opposing the government, it isnt regulated nor legalized, it isnt globally scaled adopted and the most common thing is that
its volatile. Imagine on switching up to a currency which do had very volatile movement? Does it really fit on what fiat been doing for generations? We can hope that high but it should be
at least on the realistic side of things.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

It is not that people are losing their faith towards banking and traditional markets, it is just that people are seeking for alternative ways to earn more money because the stock market is directly hit by the effect of pandemic making it suffer. The reason why people are withdrawing or taking out their money from banks is because they need it for a lot more important things that is essential for survival for cash is needed to purchase or provide those stuffs. People are also finding no reason to put their money in banks right now for they are still in need of having cash on hand or if ever digital money on their devices to avoid going into banks where potential spread of virus can be seen.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

Where is the evidence you were talking about? Also it is impossible for Bitcoin to reach such peak price of it in just a short period of time. Maybe you were over reacting and exaggerating what is happening right now. Yes there is a positive flow in the price of Bitcoin but still that does not guarantee that it could reach 100k (you haven't mentioned the currency) in just a short period of time.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: avikz on October 05, 2020, 10:10:44 AM

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Yes. Banking and traditional markets will never be replace easily by this new innovation the blockchain technology. Bitcoin has really gained some of the trust of the people especially with this pandemic times but that doesn't mean that the old and traditional banking transactions will not exist anymore. Majority of the people still prefer with the old system even if millenials have shifted their choice of old banking system into bitcoin.

wack slacker

full member

Activity: 966

Merit: 102

I'm just assuming you're speculating and if it happens when the banking system collapses on a large scale. I believe the banks now have more money to handle their funds.
In our country, banks encourage people to borrow capital for economic development.
Bitcoin can go up fast, but in a week or a month that looks ridiculous, they may take longer to reach the $ 100k mark.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Do you even have a documented proof of what you claim?? Or is it just another speculation that you do??

Banking and traditional finances are age old systems and very deeply rooted within the society and people's mind. Even though a small percentage of the population finds an alternative, that doesn't denotes that people are loosing their faith on banking system and choosing bitcoin. We definitely have exceptions but that nothing mainstream!

Polo7

jr. member

Activity: 392

Merit: 7

Quote from: Coyster on October 04, 2020, 03:40:02 PM

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Stock prices are going high, even now that the economy is down cause of covid-19 pandemic, and even as people are investing in btc, they are doing same in the stock market, and for Gold, it's more stable that most assets and is preferable to hedge against inflation/devaluation.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

Our new Banks Will be Cryptocurrency Exchangers like binance!

That is not true. Cryptocurrency investors have the responsibility to 'be their own banks' and not let exchanges do that, you should not store your coins on custodial wallets. Exchanges will never be 'banks' in this network, at least for users who understand how to store their coins safely.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Bad situation and Now People want to Get on BTC Before its too late.

'FOMO is bad strategy' Roll Eyes

.

Cryptocurrency Exchangers are the ones who is motivated to keep our money in safe!
Otherwise People take a money out of there!
So yes They are our Banks!!
New generation banks
Cryptocurrency Exchangers fully recover all the losses!!
If anyone Will complain about cryptocurrency Exchanger stolen funds its a red Alert for all cryptocurrency generally When People Don't trust They just Go away from cryptocurrency Right Now its safe no problems!!

So cryptocurrency must be secure our wealth Very seriously wich They do it

Coyster

legendary

Activity: 2184

Merit: 1302

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

People lose hope and faith tradional markets like stock markets banking and Even Gold.

Stock prices are going high, even now that the economy is down cause of covid-19 pandemic, and even as people are investing in btc, they are doing same in the stock market, and for Gold, it's more stable that most assets and is preferable to hedge against inflation/devaluation.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

Our new Banks Will be Cryptocurrency Exchangers like binance!

That is not true. Cryptocurrency investors have the responsibility to 'be their own banks' and not let exchanges do that, you should not store your coins on custodial wallets. Exchanges will never be 'banks' in this network, at least for users who understand how to store their coins safely.

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Bad situation and Now People want to Get on BTC Before its too late.

'FOMO is bad strategy' Roll Eyes

.

Polo7

jr. member

Activity: 392

Merit: 7

Quote from: cryptoaddictchie on October 04, 2020, 09:06:24 AM

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

Its not that I am pessimistic but banking will never be abolish. People will always seek turns to these traditional methods. Yes we love the innovation blockchain did but bitcoin reaching 100k is still a hype by any means. Its quite absurd to mentioned that there is an evidence already for this. I will be willing to see it reaches there but for the sake of trading, I would say anything yet cause prediction is always a guessing game that needs to be seen or at least proven.

Stock investors taking out stocks and invest in Cryptocurrency Now

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!

Its not that I am pessimistic but banking will never be abolish. People will always seek turns to these traditional methods. Yes we love the innovation blockchain did but bitcoin reaching 100k is still a hype by any means. Its quite absurd to mentioned that there is an evidence already for this. I will be willing to see it reaches there but for the sake of trading, I would say anything yet cause prediction is always a guessing game that needs to be seen or at least proven.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: Polo7 on October 04, 2020, 07:18:44 AM

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!

Like you mean this you said. You make this a joke to me. Bitcoin getting that high in a week? You are a joke.
This post doesn't require attention if you don't provide the link to get a good brief or analysis for it.

Polo7

jr. member

Activity: 392

Merit: 7

People lose hope and faith tradional markets like stock markets banking and Even Gold.
Everybody Now is looking for new ways.
The whole Economy can fall Down but Cryptocurrency can Still Go Up.

There is Strong evidence that BTC Will hit to 100k+
In one Week or Even faster!
As many investors start taking out their money from the stock market becouse They dont belive in stock market anymore!
Our new Banks Will be Cryptocurrency Exchangers like binance!

Many People Around world are taking out money from the Banks and out of the tradinational markets They are scared becouse one day it might be too late so They Will invest in Bitcoin now becouse Bitcoin is not depend on government or Banks There is Bad situation and Now People want to Get on BTC Before its too late.

Topic: People lose Faith and Hope for banking and tradional markets (Read 452 times)