Quote from: Cryptostocks on July 18, 2019, 02:14:53 AM

Quote from: AjithBtc on July 17, 2019, 08:20:41 PM

Quote from: Coin-1 on July 17, 2019, 12:54:44 AM

Quote from: Rufsilf on July 14, 2019, 01:42:06 AM

Quote from: kryptqnick on July 13, 2019, 02:52:17 PM

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

Right, it is very ironic how banks is against bitcoin because of money laundering but then they themselves are the primarily doing it, it is indeed very sad that bitcoin was blamed for these reason and for almost everything and they don't even bother to look at the good side of bitcoin which helped a lot of people. In my opinion whether it is bitcoin or not crimes can happen it just that companies most especially big ones has the power to hide it from the public.

It seems that Donald Trump who a few days ago published negative tweets against Bitcoin caused a huge wave of FUD in the global crypto exchange market. Prices for almost all crypto currencies fell by -20% from recent highs.

Crypto currencies and other financial assets can facilitate unlawful behavior such as money laundering, and of course, the police should curb this illegal activity by tracking blockchains. But in my opinion, Bitcoin is a decentralized peer-to-peer ecosystem that has a good common purpose for people from all over the world.

Soon after the tweet from Trump more controversy about the same has been getting circulated around the market. Some believe it is the tweet that has caused the downfall in the market of bitcoin followed by the altcoins.

Being peer to peer, it can be used without any form of difficulty even if governments impose restrict on the use of cryptocurrencies. The technology and bitcoin together has got a good cause as stated above.

Haha yes but who really cares about what he says? There is no one in here who will be selling their coins just because of a tweet that was probably posted by one of his community managers. Nothing more than this.

And even if the tweet was really done by Trump's fingers themselves, I doubt if someone will still sell because of it. Right now, because of the track record of this man, whatever pronouncements he makes bears little credibility already. People take his words with a grain of salt. Therefore, this is not going to affect what people think of Bitcoin. If I know, they might even do the complete opposite and buy Bitcoin.