Bitcoin since came to exist ,It has got many attacks through passing wrong statement or manupulative publishing .I remember as small investor when i invested my hard earned money in bitcoin in 2015 when Bitcoin was just traded somewhere around 2000 USD per BTC ,How these big giant fintech companies like JP Morgan chase where they talked just rubbish to demotivate investors or became foul player .I still remember how JP Morgan CEO commented negatively about Bitcoin from past 15 years . I have collected all his Statement which injected in public time to time when Bitcoin hits its all time high .
● Bitcoin is decentralized ponzi scheme : This statement in media given by their CEO Jamie Dimon and due to reputed and established Banking & Finance company in US ,investor believed and lost selling their btc at cheap price as resulted btc crashed.
● Bitcoin is not environment friendly and due to mining ,it takes huge power consumption. This kind of statement also circulated in market when someone wanted to launch their own crypto after degrading remark on bitcoin and later ended with huge scam in publuc investment . Hope you guys remember Bitconnect which was launched 11 years ago and just in 2 yrs its done huge scam of billion dollars.
● Satoshi Nakamoto is holding Bitcoin in majority and one day it crash the entire market to zero.This type of statement was also seen in news when Bitcoin breaks its own old all time high records. Satoshi Nakamoto is still unknow personality as we know and that is the unique point of valueation of bitcoin .Satoshi wanted bitcoin to get remembered bitcoin by its value ,not by founding person name .
● Bitcoin will die soon.I think some influenced people wish daily bad about bitcoin in public because they wanted to keep all 21M to their wallet .JP Morgan is one of those kind of elite companies .
JP Morgan Current Statement : Bitcoin will out perform better than Stock, Gold in coming days and it hits 300k per btc . Now you see how they change time to time .
I can read their mind ,They are completely trained as professional Businessman .During bearish time of bitcoin they have collected cheap btc and now they are promoting btc to go beyond to break its old all time price record.
My personal Advice to retail investors is that you guys gets mostly impacted on this pull on and down game on bitcoin so why not simply hold it and gets most profit once it hits all time high .never get manupulated by these fintech CEO whose purpose to deliver such statement to collect your bitcoin at this low price.
Always use your brain and invest wisely .you can read my other article where you find more tips on that.
If you ask me anything about Bitcoin then i will only tell you that bitcoin is now publically claimed global digital money and its well known popular crypto where world believe to invest and use it as reserve money for country betterment.
Best example is USA ,Started reserving bitcoin since last many years . Bitcoin is now not only treated as crypto but globally recognised as symbol of trust . So if you see its crashing then find that time to buy and collect .
Never gets anymore manupulated by anyone because all wants your bitcoin given to them at cheap.
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