Banks Having a FUD Party On Bitcoin Downside!

No surprise here as why would banks like bitcoin when it jeopardizes their very existence. Anyways just sharing bitcoin information, whether you're for bitcoin or against bitcoin, the bank FUD starts at around 7:41. What do you think is going on with bitcoin? Here's what I think, we're in the four year cycle and bitcoin is doing what it always does, it drops down in price!

 

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Wish it would tank. It's just one more step towards a cashless Society.

 

It could go a lot lower but I don't really think it would tank all the way! Besides, if it tanked, many poor people in Venezuela would lose their shorts, not a good sight!

 

Its called the future....

 

Bullflop.It's called complete control of you once they know every purchase you make. LOL

 

Already here, if you like it or not, I cant think of the last time I used cash for
a transaction at least over 4 years, why ? when you pay cash, you not only have
lost your money but any protections you may have, use my American Express
for everything get purchase protection and a whole lot of points, far out weight
the yearly fee, havent paid for a hotel on vacation in years.

 

I got no dog in this fight except general interest reading. That said, not sure I’d be listening to this guy in the video. At 3:10-3:30 he says Wall Street doesn’t understand investing and Bitcoin like he does (wow). And in the banking part you mention he doesn’t actually go into detail as to why ubs or Goldman believe this per the articles. He’s more “they’re lying…they wants mah crypto”.

Both articles ubs and Goldman say regulation may put a damper on Bitcoin. Biden admin is looking to capture their pound of flesh from crypto. Articles seem to say that original reason crypto escalated was due to inflation. But now that rate hikes look in the picture, Bitcoin is seen as too volatile when compared to other investments. Apparently credit rating agency Fitch is worried similar to Goldman. The articles do mention that meta verse coming online may help support crypto pricing.

When everyone’s greedy be fearful…
Good luck.

 

The hater population of BTC is strong in this room, but I only report on my situation
which hs been outstanding, I make money both ways actually have two account one is traded several time a day and the other just sets, but as long as I am making
money I ,am all in

 

Good for you. I use cash for most everything I buy. It's nobody's business where I made it or where I spend it.

 

Thats your choice, not mine, cash does nothing for you and offers no protection
lose cash and its gone for ever use your credit card, just cancel never responsible
for fraudulent purchase, but who do you call when you lose cash, the ghost busters...LOL

 

I've used it for everything I've purchased for the past 50 years. No problems so far. Nobody knows where it is but me.
LOL

 

Can you give me a hint...LOL

 

I'm not a bitcoin hater. But I prefer to use cash whenever possible and have never lost it in my life. It's my choice to take the "risk" of losing it.

 

Your telling me that you have never lost your wallet ? if thats a fact thats amazing...LOL

 

Correct. Lol
I never will understand people that have to have someone else hold onto their money so they don't lose it (or waste it).

 

It seems like as the price goes down, more haters come on board. The funny part of it is most of them have no idea how much money you made and how quickly you made it! Funny show for me to watch as you're right, there's no shortage of haters at all.

 

You ever think that hate might not be aimed at bitcoin..?

 

You may not agree with something but I don't think that makes you hater.

 

Maybe I am just a cynic, but here goes. We went from specie, to certificates backed by specie, to banknotes kind of backed by specie, to banknotes backed by debt, to bits in a register backed by enormous amounts of wasted energy... so, nothing.

Free people should fear a cashless society. I see it as another step toward elimination of private ownership.

It's convenient for us to use cards and various electronic payment systems, but also convenient for those who wish to control you.

Recently in Kazakhstan, anyone relying on electronic payment of any sort was out of luck. If the government can "turn off" the Internet when things get sporty, the money you thought you had isn't really yours.

I don't like my ability to use my "money" that I earned to be turned off that easily.

Therefore I am not a supporter of cryptocurrency, NFT, whatever promises ownership of something when in reality you're holding nothing.

Some do well speculating in this area, effectively turning nothing into real money and assets. Good for them, that's awesome! But it's not for me.

And yes I understand the irony of my post, as someone who uses Federal Reserve Notes and relies on electronic transactions in and out of bank accounts, has numbers on a screen saying he owns pieces of companies, but I am still against a totally cashless society.

 

Fair enough. Maybe naysayer is more appropriate.