Topic: Why are big leaders now opposing cryptocurrencies suddenly? - page 4. (Read 1019 times)
Don't forget that these statements can be special. These people can say so to achieve some specific goals. So listening to them does not make sense.
Now they re afraid of Libra I guess, not btc. Libra will have everything: facebook, instagram, what'up. Imagine how many people will use it. It will be a serious market which won't depend on btc.
Because of Libra.
Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.
Real crypto will sneak up on them no matter what.
Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.
Real crypto will sneak up on them no matter what.
true
They are trying to do is spreading fake news and show a very very bad situation .All those comes with the profits.So they are waiting till their news works. If they got that,Every bull situation that comes with people that who have.Don't get caught to their news.HODL
Is this the kind of guy people want to take financial advice from? Wow!!!
People want to listen to him because of being the president and everything he says something becomes of the trend.But we can also be wrong, it's either that he's really not into it because he's the President and he shouldn't support such things that will go against to his serving purpose.
Because of Libra.
Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.
Real crypto will sneak up on them no matter what.
Libra landed in their lap and squirted diarrhoea all over them. It's one thing for an organic rise to hit you slowly, quite another for a bunch of corporations with more money than God to roll something out with a supposed launch date.
Real crypto will sneak up on them no matter what.
Not all leaders though, but some of them have been vocal about it in the past. Just that, the tweet of President Trump seems to matter.
Take a look at the history of China on how much they have accepted Bitcoin, they have always made their stand very clear and so is that of some of other few countries too. I guess this is because of the Libra and the regulation of BTC who many is hoping to come one day.
Take a look at the history of China on how much they have accepted Bitcoin, they have always made their stand very clear and so is that of some of other few countries too. I guess this is because of the Libra and the regulation of BTC who many is hoping to come one day.
you say its because libra .....libra is working with the big boys like paypal and visa and other she is part of the system this coin and backed(scam) by usd....
what you say its complete bullshit.
they hate this because taxi hate uber...nothing more in between.
This is all because of Libra. Most governments didn't really care about cryptocurrency, until Facebook became serious about their coin, which happened only recently. If you remember, there was a lot of scandals around Facebook in the past, so this time governments want to be proactive and take measures before a problem arises, instead of dealing with Facebook's mess later. I don't think anyone has problem with alternative payment methods, after all, there are PayPal and Venmo and others, and banks don't panic that those are going to take all their users. The problem is that Facebook will get access to financial data of millions or even billions of people, and will share it with others, and then inevitably cause a lot of harm to people. Facebook is becoming too powerful, simple as that.
when you say: governments didn't really care about cryptocurrency
hell this is the most shit i heard in my life and its like to say taxis dont give a shit about uber....
governments behind usd and euro and other shit and all power is around money and its much more deep and you say governments didn't really care about cryptocurrency...
mate sorry for the question in which school you was???
they fear crypto like taxi fear uber
This is all because of Libra. Most governments didn't really care about cryptocurrency, until Facebook became serious about their coin, which happened only recently. If you remember, there was a lot of scandals around Facebook in the past, so this time governments want to be proactive and take measures before a problem arises, instead of dealing with Facebook's mess later. I don't think anyone has problem with alternative payment methods, after all, there are PayPal and Venmo and others, and banks don't panic that those are going to take all their users. The problem is that Facebook will get access to financial data of millions or even billions of people, and will share it with others, and then inevitably cause a lot of harm to people. Facebook is becoming too powerful, simple as that.
As Facebook has a big userbase around the world it gets them ease in making cross border transactions and other cross border e-commerce with ease causing a downfall in the usage of dollars. This will surely cause some drop in the value of dollars, to use dollars it is to use several procedures and intermediary services when making payments from outside USA. Those all factors will make users prefer libra and upon the same is the reaction of Trump.
the ones that ask why taxis hate uber its the same with why they hate crypto ...
so if someone ask why tell him he need doctor very fast....because kid in age 7 know why taxi hate uber
and rich people from paper money also like the taxi compare to uber
Hey
So Trump stated that he is not a big fan of cryptocurrencies including Bitcoins and Libra if it wants to come in the market may need a banking charter since they support unlawful behavior.
He also went ahead to say how the price if based on thin air.
I think these are the following reasons which compelled him to make public statement along with all other influential people.
(I don't personally consider Trump influential but UK ...he is the US president he may ban Bitcoins at any time so let's just go with it 😂)
1. He just wants to rekindle the public interest in Dollar , which infact is showing a weak growth this year.
2. He is scared that people are more interested in cryptocurrencies like Bitcoins and libra whose value he stated is * volatile and based on thin air*, which in turn is an excellent opportunity for the traders , they may get daily profit , which is more than USD
3.he is just scared that Facebook cryptocurrency despite being a cryptocurrency might just be converted into a bank and it could dominate all the existing ones , let's be honest even my grandma is on Facebook' it is going to spike public interest so fast.
I think whatever he said and whatever others are saying about Bitcoins and other cryptocurrencies is not because they are scared it might bring unlawful behavior , but infact because they are scared it will give the power to public , the public money will be theirs to hold , and the banks and governments can no longer regulate it. Their own currencies will become weak .
It's not concern of society , it's just they fear what revolution it might bring.
( Let me know if you guys need the link about what's being said but I actually just summed up the 2 page article the main points are in the starting para only.)
For people who insists on saying it was only one quote by Trump:-
" Trump joins other government leaders and central bank chiefs including Federal Reserve Chair Jerome Powell, French Finance Minister Bruno Le Maire and Bank of England Governor Mark Carney to speak up against Libra"
So Trump stated that he is not a big fan of cryptocurrencies including Bitcoins and Libra if it wants to come in the market may need a banking charter since they support unlawful behavior.
He also went ahead to say how the price if based on thin air.
I think these are the following reasons which compelled him to make public statement along with all other influential people.
(I don't personally consider Trump influential but UK ...he is the US president he may ban Bitcoins at any time so let's just go with it 😂)
1. He just wants to rekindle the public interest in Dollar , which infact is showing a weak growth this year.
2. He is scared that people are more interested in cryptocurrencies like Bitcoins and libra whose value he stated is * volatile and based on thin air*, which in turn is an excellent opportunity for the traders , they may get daily profit , which is more than USD
3.he is just scared that Facebook cryptocurrency despite being a cryptocurrency might just be converted into a bank and it could dominate all the existing ones , let's be honest even my grandma is on Facebook' it is going to spike public interest so fast.
I think whatever he said and whatever others are saying about Bitcoins and other cryptocurrencies is not because they are scared it might bring unlawful behavior , but infact because they are scared it will give the power to public , the public money will be theirs to hold , and the banks and governments can no longer regulate it. Their own currencies will become weak .
It's not concern of society , it's just they fear what revolution it might bring.
( Let me know if you guys need the link about what's being said but I actually just summed up the 2 page article the main points are in the starting para only.)
For people who insists on saying it was only one quote by Trump:-
" Trump joins other government leaders and central bank chiefs including Federal Reserve Chair Jerome Powell, French Finance Minister Bruno Le Maire and Bank of England Governor Mark Carney to speak up against Libra"
the ones that ask why taxis hate uber its the same with why they hate crypto ...
so if someone ask why tell him he need doctor very fast....because kid in age 7 know why taxi hate uber
and rich people from paper money also like the taxi compare to uber
They stand against crypto until they decide into it and find a way to make extra billion dollars from crypto. I think he doesnt even know what blockchain is.
I am against it too so i can understand why they were saying it.
It is pretty simple that this coin is going to generate a lot of questions and make a lot of people doubt about what to do. I mean, it's Facebook. Even after all the scandals it still has a pretty solid user base, not as nice as it was previously but the difference between what happened to them and what would happen to someone else who did something like that is noticeable.
If Zuckerberg is good at something is about making noise.
It is pretty simple that this coin is going to generate a lot of questions and make a lot of people doubt about what to do. I mean, it's Facebook. Even after all the scandals it still has a pretty solid user base, not as nice as it was previously but the difference between what happened to them and what would happen to someone else who did something like that is noticeable.
If Zuckerberg is good at something is about making noise.
Is this the kind of guy people want to take financial advice from? Wow!!!
People want to listen to him because of being the president and everything he says something becomes of the trend.But I believe trump only wants to benefit from cryptocurrency that’s why he is making this press releases ,if what’s the intention?its for us to find out
Let me know if you guys need the link about what's being said but I actually just summed up the 2 page article the main points are in the starting para only.
While there was only Bitcoin, with no powerful company behind it, they didn't feel threatened, but the birth of Libra has changed the game, making them look more carefully at crypto currencies.
Somebody like Trump has to protect his country's currency. It's about the trust in the economy, the signals to investors and so on.
Also, as I said on another thread with similar subject:
He doesn't like competition, especially when the competitor's "product" is better than his.
If you look in a simple way to the US Dollar - in the same way he looks at Bitcoin - you'll see that US dollar is also "based on thin air". The only difference is that he can dictate the price change of US dollar, but he cannot do much about Bitcoin.
If you look in a simple way to the US Dollar - in the same way he looks at Bitcoin - you'll see that US dollar is also "based on thin air". The only difference is that he can dictate the price change of US dollar, but he cannot do much about Bitcoin.
If at any time, I don't even know when, cryptocurrency is generally accepted throughout the world, then Mike Tramp's dream when creating When The Children Cry songs will be real. "No more presidents, And all the wars will end, One united world under God"
A situation like this is not even hypothetically possible to have one united world, the world revolves around competition and you can compare everything you see in your daily life and you will see the competition factor, so unity is a dream that will not be achieved in a normal world 
.That is why I say that most governments of a country are blocking the use of cryptocurrency as a media transaction because it will eliminate the role of the government but still trying to apply blockchain to several sectors that might be able to accept its technology.
I agree that One United World in a literal sense is not possible. But what if one united world is only in one aspect, trading or payment for example, where we can sell and buy goods across countries without any restrictions from the government of a particular country? Of course, assuming that all countries accept the use of cryptocurrency as a legitimate payment medium.
People want to listen to him because of being the president and everything he says something becomes of the trend.
Everything he says is almost always negative which is why most people around the world don't think of his words too much. Many americans themselves don't consider him as their president.Its funny that you think that many people care about his opinion just because he is the most powerful man on Earth. He is shilling the dollar and nothing more.
I have a doubt with what he said and he's just trying to push the prices down so that he can enter. Just like the typical Jamie Dimon move and other well known personality did to bitcoin and suddenly admitted they are into bitcoin.
But let's assume I'm wrong on that part and being a leader, he would always oppose to what opposes the government. Bitcoin is decentralize and it's against to what the gov't has in finance/money.
Correct same as whales strategy to bring the value down so they can buy freely and very cheap,we also know trump being a businessman and everything that can give him profit is surely will be his priorityBut let's assume I'm wrong on that part and being a leader, he would always oppose to what opposes the government. Bitcoin is decentralize and it's against to what the gov't has in finance/money.
Is this the kind of guy people want to take financial advice from? Wow!!!
People want to listen to him because of being the president and everything he says something becomes of the trend. If at any time, I don't even know when, cryptocurrency is generally accepted throughout the world, then Mike Tramp's dream when creating When The Children Cry songs will be real. "No more presidents, And all the wars will end, One united world under God"
A situation like this is not even hypothetically possible to have one united world, the world revolves around competition and you can compare everything you see in your daily life and you will see the competition factor, so unity is a dream that will not be achieved in a normal world .@OP I see that Trump tweeted about his point of view, the problem here is that almost every stock trader or financial investor invest in something seeing the potential and the growth using constraint , you can view it in away way or form but mathematically constraint is used to determine how they evaluate things with a set of factors including company performance and policies to determine where they are heading to achieve their goals, but when it comes to bitcoin market or the crypto market in general there is not set constraint as the market moves based on supply and demand solely and that confuses almost all investors as they do not understand how to set a correlation, the only solution is to accept the new market and move on
. 
Fear that soon enough their people will realize that their banking system does not protect their money anymore (INFLATION RATE). In this rate may will go to the most viable candidate that holds enough INTRINSIC VALUE in the long run ---BITCOIN and other coins.When this scenario happens surely their government will fall to the grounds like rubble.
Absolutely and not only their banking but the whole world,we knew how huge money from the bankers to lobby the government and I believe that same reason why some governments go against cryptocurrency specially bitcoin because of their benefits from banks and maybe some are owned or manage by themI have a doubt with what he said and he's just trying to push the prices down so that he can enter. Just like the typical Jamie Dimon move and other well known personality did to bitcoin and suddenly admitted they are into bitcoin.
But let's assume I'm wrong on that part and being a leader, he would always oppose to what opposes the government. Bitcoin is decentralize and it's against to what the gov't has in finance/money.
Correct same as whales strategy to bring the value down so they can buy freely and very cheap,we also know trump being a businessman and everything that can give him profit is surely will be his priority But let's assume I'm wrong on that part and being a leader, he would always oppose to what opposes the government. Bitcoin is decentralize and it's against to what the gov't has in finance/money.
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