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[SCAMEXPOSER]

Bank of America recently conducted a survey to see the most crowded trade and discovered that long bitcoin is third most crowded trade immediately after "long tech stocks" and "long ESG".
This result has prompted the bank to have set up a cryptocurrency research team, according to the bank's internal memo. The Bank strongly believes that digital currency is the answer to inflation and will boost the economic growth in developing countries.

Share your opinion on this!!!!.

 

[CyberPreNurse]

I believe this is a result of the current drop in price which has provided a very good entry point for investors and so many people are utilizing the opportunity to trade Bitcoin before its price pumps .

 

[Josemendez]

This is goodnews as it will help create confidence among existing and new investors. The bank will thus see the need to improve their services on cryptocurrency saving

 

[LutherKing]

Its nature is truely what you are observing its not an business but am payment system with huge volatility attached and on exchange you get % cut as well , so Fiat is better all the way tbh

 

[SCAMEXPOSER]

It is likely that when the market is fully recovered the rank will be increased if we are to go by the remarkable achievement last year with cryptocurrency.

 

[Snowmansolito]

I believe this is a result of the current drop in price which has provided a very good entry point for investors and so many people are utilizing the opportunity to trade Bitcoin before its price pumps .

You may be right to some extent to say that the drop in price is the cause but what about the fact new investors who may not be properly guided would want to avoid trading or acquiring bitcoin because of fear of loss in value of the coin

 

[CyberPreNurse]

You may be right to some extent to say that the drop in price is the cause but what about the fact new investors who may not be properly guided would want to avoid trading or acquiring bitcoin because of fear of loss in value of the coin

The thread is talking about how much people have become interested in trading Bitcoin. So this is obvious that not so much people are afraid as they see the drop in price as an opportunity to buy which they have been waiting for .

 

[Wisdom01]

Well am not suprise at bitcoin been the third , if banks could make more research and key more into the use , its going to benefit them too on the long run , the benefit is not for helping the country inflation but the helping the adopting banks gain more revenue

 

[Wisdom01]

Well am not suprise at bitcoin been the third , if banks could make more research and key more into the use , its going to benefit them too on the long run , the benefit is not for helping the country inflation but the helping the adopting banks gain more revenue

 

[amgad100100]

That is why all developing countries has forbidden trading Bitcoin in their countries , and they have right with that .

 

[BullyMaguire]

They couldn't ignore it anymore and some people are still calling bitcoin fake.. some countries banning most are developing countries while top countries are supporting it .

 

[SCAMEXPOSER]

They couldn't ignore it anymore and some people are still calling bitcoin fake.. some countries banning most are developing countries while top countries are supporting it .

There are people that will never see anything good in bitcoin because they have positioned their mind in that direction but advance countries are taking the advantage and making progress with cryptocurrency.

 

[Snowmansolito]

The thread is talking about how much people have become interested in trading Bitcoin. So this is obvious that not so much people are afraid as they see the drop in price as an opportunity to buy which they have been waiting for .

You would recall that I mention in my earlier reply that some people who might not be properly guided. These are the people I'm talking about and majority of them are those that know little or less about the volatile nature of bitcoin. Obviously they would believe that if you invest in bitcoin you will always loose your because of the sad story or news they read.

 

[Josemendez]

There are people that will never see anything good in bitcoin because they have positioned their mind in that direction but advance countries are taking the advantage and making progress with cryptocurrency.

The fact is that sooner or later they will come to accept it. After all Tesla was never comfortable with cryptocurrency but they later accepted it

 

[SCAMEXPOSER]

The fact is that sooner or later they will come to accept it. After all Tesla was never comfortable with cryptocurrency but they later accepted it

Later accepted and rejected it again , big companies integrating cryptocurrencies has advantages and otherwise so the best is to increase the level of adoption so that everyone can hold it.

 

[Josemendez]

Later accepted and rejected it again , big companies integrating cryptocurrencies has advantages and otherwise so the best is to increase the level of adoption so that everyone can hold it.

They didn't reject it. They sold half of their bitcoin possession and only said they will continue if there could be pure energy for bitcoin Mining.

 

[CyberPreNurse]

You would recall that I mention in my earlier reply that some people who might not be properly guided. These are the people I'm talking about and majority of them are those that know little or less about the volatile nature of bitcoin. Obviously they would believe that if you invest in bitcoin you will always loose your because of the sad story or news they read.

This is something that can not be avoided in the crypto currency market provided some people choose to remain ignorant and not learn before trading. Those who trade Bitcoin because it's on the news would surely lose out.

 

[SCAMEXPOSER]

People that are pessimistic about bitcoin can't make anything out of it because they have positioned their mindset to the other ends of the trend while the coin keeps growing.

 

[Josemendez]

I have heard the narrative severally that cryptocurrency could be a tool to fight inflation. The developing countries need this the most but they are the ones banning cryptocurrency

It is an undeniable fact that bitcoin can go a long away in solving inflation because it can help reduce money in circulation especially in developed countries

 

[Brain]

This is goodnews as it will help create confidence among existing and new investors. The bank will thus see the need to improve their services on cryptocurrency saving

Yeah really a good news for crypto currency lovers and especially Bitcoin. The bank will improve on all that it should to attract more investors which might be overwhelming for them