Hi bro all these are speculations and also wrong news. And these are the media that are manipulating Cryptocurrency industry and that sucks a lot. These are some mastermind people that are controlling this industry. And somehow these people should have to exit and this could be the new era for Cryptocurrency. That's the reason I won't believe these scam accusitions.

There's already a thread about it in bitcoin discussion and I've covered everything in this post
https://bt.irlbtc.com/view/5424780.msg61388612#msg61388612

In short, there's nothing to be worried about. The ECB is drowning and it's trying to sink its claws into everyone and everything to keep itself afloat. They should rather be worried about the countries in the EU who despite signing EUR acceptance haven't done so after many years of being in the union. Their own foot soldiers don't want to wear the uniform

The only thing that the ECB seems to have concluded in this report is that, should bitcoin become a threat to their existence, they will fight it with everything they've got. This is a good example of how various central banks across the world are struggling to adapt to the changing financial landscape and how they continue to try and paint Bitcoin in as negative a light as possible. The ECB's report is nothing but an attempt at discrediting the cryptocurrency, and it doesn't take much reading between the lines to understand that they don't like competition.

Unfortunately for them, the facts have a bad habit of getting in the way of their rhetoric.

As always, someone always is trying to "kill Bitcoin". Again.

No matter how many articles like this come out and no matter who is speaking against Bitcoin. They have not been able to succeed and they will never succeed. All they do is fight against the waves of the future.

I have seen articles like this everyday for the last decade. Not a single one could predict that Bitcoin would grow to over 60k.

Time to stop listening to the doomsayers.

Yeah well this is coming from the ECB so it can simply be laughed at. They sound EXTREMELY desperate. Everyone knows Bitcoin goes through volatile narket cycles and this is just the bottom of the current cycle. ECB is just trying to hurt Bitcoin in the media while they have the chance during the bear market, as soooo many people do.

ECB is afraid of Bitcoin's power. This isnt the first time they've attacked Bitcoin baselessly, and it wont be the last. Its comical really.

I believe i understand the "BTC four year cycle" a bit more now.

Correct me if i am wrong, a halving happens, then followed by the bull run of which BTC will go above its previous ATH and set a new one temporarily, and then the winter period follows with a correction back to a new value higher than what it was previously, but way lower than what the temporary ATH was. That means even at the bottom of every BTC winter season, BTC's value increases from what it was previously, but people hardly notice because they are only concerned with the ATH price.

bitcoins first price discovery was in 2010 not 2009. so the first cycle is off

but basically
on a halving year.
the price at start is double at end(atleast)
2012 6-12  (wel 4-15 to be exact)
2016 450-900
2020 4k-8k (well actually it went up more)

then a year after halving the miners fight and push up a massive amount
(2011 $32)
2013 $1.2k
2017 $20k
2021 $70k

2010-2012(pre halv) low 0.07
(post halv)2012-16(prehalv) low >$10
(post halv)2016-20(prehalv) low >$500
(post halv)2020-2x(prehalv) low >$3k

That graph is going exactly as ECB intended. They just need people to believe there's no alternative that isn't based on infinite inflation, because ECB needs people to want their own (made-up ) currency.

I'm pretty sure Bitcoin will still exist 100 years from now. I'm not so sure about the euro: ever since it was created, they're mostly doing crisis management. None of that's going to help, because the fundamental flaw is still there: Northern Europe isn't the same as Southern Europe.

---

---

The real question is of course: why do all those "Bitcoin is dead" organisations feel the need to continuously talk about it? They're not saying the Argentine Peso is dead, because that one doesn't pose a threat to their own power. The only reason they talk about Bitcoin, is because Bitcoin has potential. And if bankers and politicians tell me Bitcoin is bad, I know I'm on to something.

It's funny this was only two months ago the ECB was talking about Bitcoin's last stand. And it's up 40% so far this year.

The funniest thing in Bitcoin is always to see all the people desperately trying to convince everyone during every crypto winter that Bitcoin is heading to zero, and then watching them all shut up as soon as Bitcoin's price starts going up again.

funny part is
get two fiat economists from the ECB into a room and show them a market chart of he barrel price of oil for the last 50 years

one will say the market of $4-$140 shows that $130 is a strong market rate of growth and demand and blah

one will say the market of $4-$140 shows that $130 is a sign of going premium rate of turmoil and crisis

but both would agree that when oil is under $20 its a great value and a great time to invest in oil stocks

..
same applies to bitcoin
value (bottom) is good for investment.. premium(top) is bad for investment

in short buy low sell high

..
the two would also agree that a true "growth scale"
is where the 50year bottom of oil is $3 the 25 year bottom is $12 and the 5 year bottom is 20
showing that the market refuses to sell down to $3 meaning there is a strong value rate of growth

bitcoin has the same
2010-2012(pre halv) low 0.07
(post halv)2012-16(prehalv) low >$10
(post halv)2016-20(prehalv) low >$500
(post halv)2020-2x(prehalv) low >$3k

..
anyone that uses a temporary ATH market price as a "value point" is a failed economist
value is always based on the lows, not the highs