Its amazing how everyone is jumping on that ban wagon of how amazing Bitcoin and crypto currencies, I remember when so many people thought it was a scam or not a good investment, but now you have more and more CEO's who want to play in it.
This article is from www.investing.com and I have my thoughts on it, so enjoy!
Investing.com – Bitcoin prices were markedly higher on Wednesday, as the popular digital sought to break out of a recent lull that has seen it trade in a narrow range.
On the U.S.-based Bitfinex exchange, bitcoin rose to $4,103.1, up $221.6, or 5.71%, as the popular digital currency bolstered its market cap to $67.6bn.
The sharp rise in Bitcoin comes amid comments from Morgan Stanley (NYSE:MS) Chief Executive Officer James Gorman who adopted a somewhat measured view on Bitcoin compared to his JP Morgan counterpart Jamie Dimon who earlier this month called it “a fraud”.
My Notes: *They call it a fraud till they have their banker buddies in on the trade so they can rob us lol, *
Gorman admitted that while he hasn’t invested in Bitcoin it is “certainly something more than just a fad”, adding that the underlying software supporting Bitcoin – Blockchain – is “interesting for the privacy protections it gives people”.
My Notes: * He hasn't personally, invested but he has all his friends ready to invest or all ready positioned. *
The Morgan Stanley chief did wonder, however, whether regulators would strengthen efforts to crackdown on bitcoin related activity to curb the digital currency's popularity among fraudsters.
My Notes: * When I hear about all this fraud using Bitcoin, I never hear how much or how many user do it. So when they say fraud, is it half of all transactions or even 1%, I think many people use this as an excuse to may Bitcoin or cryptos sound bad or have a bad name. *
China, so far, has been one of the more aggressive nations clamping down on Bitcoin related activity after it ordered domestic Bitcoin exchanges to cease trading by October’s end, sending shockwaves through the cryptocurrency industry.
That, however, has not deterred proponents of Bitcoin as the Chinese bitcoin exchange market only accounted for approximately 10-13% of global bitcoin trading activity so far this year.
Other cryptocurrencies followed Bitcoin’s move higher as Ethereum rose 3.01% to $299.70, Ripple added 10.91% to 0.21014 while Bitcoin Cash fell 8.14% to $458.32.
My Notes: * Thanks for reading My notes on this article but what do you think? *
Bitcoin might soar up to $5000 this week! Expecting huge FOMO and a big rally on BTC! Thank you Morgan!
I really hope it does, I am on a few buys going to $5k. Are you trading into Bitcoin?
Do you foresee bankers ever taking control of the bitcoin/cryptocurrency markets? Also, do you think America will open more bitcoin exchanges?
I know they will try to take over but the way blockchain is they cant manipulate as easily as they do in banks and other markets.
How does the blockchain method work?
If banks cannot gain control of the bitcoin markets, do you think they will continue to grow for much longer?
they will control them but it will take longer for them
How do you think they will take control?
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LOL Great comments.
I dont trust the banksters either.
Bitcoin is not a fraud and will continue to go up. The bankers getting into it will only increase the value.
100% agree with you on that, I don't like these people in these high positions charge their "mind" about an investment after it takes a huge crash down. So either they are pump and dumping it or their friends are.
It's inevitable that they are going to have to recognize the value of crytocurrecny and blockchain technology. 10 yrs from now - all major banks will be dealing in crypto
Ya they will, but I think they are trying to figure out ways for them to control or at least own it. I have seen how these guys operate, anyone not under their thumb soon will be. Just look at all the other markets, they call it capitalism but its crony capitalism.
they will use laws to control it - they will determine what is "counterfeit" and what is not - then outlaw the use of any "non-registered" unapproved cryptocurrency while pushing their own currency onto the public. They will buy the exchanges that trade them and then increase fees. There is no way that the central bankers are going to stand for losing control of the one thing (fiat) that gives them power on this planet.
wow, I love all you brought up, i didn't even think about them buying the exchanges then increasing the fees. hmmm.... which one will sell out first?