Bankers are killing the cryptocurrency market - page 2.

traderethereum

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Quote from: Tutankryptos on January 29, 2018, 05:23:31 PM

Bankers are only trying to protect their interests, and to kill the cryptocurrency market it's not a good idea.
They are looking for a way to profit of it.
And to make the price fall to buy cheap is a GOOD way to make a profit...

I think if the bankers really care about the future of technology then I think they don't deny the cryptocurrency and they will give support cryptocurrency because from time to time, new technology will come out and if they don't follow and give support, I think they could not make any profit at all. they should realize that the new technology will be work with them and deny or not, the new technology will do the jobs to do the best things in the each of job.

Granxis

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Quote from: Naficopa on January 28, 2018, 05:02:10 AM

Quote from: NicG13 on January 28, 2018, 04:50:23 AM

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Banks have their own interest in influencing bitcoin. They are pressing governments to introduce laws regulating the trading of bitcoin. Banks are profit oriented and cryptocurrencies take them away. Therefore, they will fight with bitcoin all the time.

All central banks are against to Bitcoin, last year the Danish central bank called for those who are willing to invest in BitCoin to be prepared for the risks and that financial regulators should not be blamed for possible losses.

Tenderino

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I do not think that bitcoin is a bubble, but his claim that the only reason to buy and sell bitcoin is to make money is not so far from the truth. It is not the only reason but surely the reason for most people. And if you trade you can lose! If you use it as a payment method like originally planned, then high or low prices does not matter. Only the traders have a reason to cry!

julzcoinbit

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Quote from: Ranly123 on January 29, 2018, 04:49:51 PM

Quote from: Vatimins on January 17, 2018, 12:04:17 PM

Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

I agree with you mate, If the op show off enough proof of evidence about the issue, then there's a possibility that it might be true but if nothing It seems will belong to speculation. Anyway, since bitcoin or cryptocurrency decentralized nobody can control it, even a government.

Tutankryptos

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Bankers are only trying to protect their interests, and to kill the cryptocurrency market it's not a good idea.
They are looking for a way to profit of it.
And to make the price fall to buy cheap is a GOOD way to make a profit...

ohlawdy

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Quote from: Ranly123 on January 29, 2018, 04:49:51 PM

Quote from: Vatimins on January 17, 2018, 12:04:17 PM

Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

It is pretty easy for them to control the market with bitcoin futures , you just have to pump enough money in both.
I'm not sure how big of a hand bankers have in the whole cryptomarket , but the last month the whole market moved down at the same time.

Ranly123

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Quote from: Vatimins on January 17, 2018, 12:04:17 PM

Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

tambok

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Quote from: BTCbengi on January 29, 2018, 04:14:58 PM

I think that the reduction of all pennies has nothing to do with any bank, maybe it's a bull market or any bad news. No bank has enough financial power to manipulate the virtual currency market because it is so big. Besides, I still know a lot of banks accept Bitcoin trading as well as exchange them. This makes the bank more and more dynamic.

At some point they do have some effect but still they did not win because we have seen that the price of bitcoin nowadays was still high compare to the price last year, this means that whatever manipulation of the price would take place still nothing would happen as bitcoin is stable enough and has proven enough that it cannot crashed down as to what bankers wanted to do.

pugman

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dogs are cute.

It's the whales who dump their holdings tremendously every once in a year. Bankers are definitely not behind this, at least for this time. That market crash had nothing to do with bankers to be honest. However that crash was recovered within a day, so nothing worry,and take a chill, have a beer.
Bankers can try convincing the governments but if the people want things to go otherwise, the government would listen to the people than to banks.

selen

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i wouldnt be surprised if bankers soon lead the market. there is time for everything

BTCbengi

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I think that the reduction of all pennies has nothing to do with any bank, maybe it's a bull market or any bad news. No bank has enough financial power to manipulate the virtual currency market because it is so big. Besides, I still know a lot of banks accept Bitcoin trading as well as exchange them. This makes the bank more and more dynamic.

kryptorian

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Quote from: futureofeth on January 29, 2018, 07:20:28 AM

Exactly, but it can't help them because already cryptocurrencies are ruling the world and already many companies are making the partnership with other vendors by paying them through the cryptocurrencies. Still, bankers are forcing the government to ban the cryptocurrencies.

I would like that to be true but it is simply not so. Cryptocurrencies are ruling speculative markets and online gambling, attracting a lot of money from unexperienced people, common people, but in commerce cryptocurrencies are below detectable. Companies that you may think of as accepting bitcoins are actually accepting fiat because 1) they are not interested in crypto as such, and 2) not many people use bitcoins or other coins for payments. And it is still not quite clear whether Lightning Network and similar technologies enabling fast and cheap transactions are going to change anything in this regard. Bitcoin needs to stop being a speculative asset in the first place.

Lpim01

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Sometimes it goes like this and it's normal to happen. Though banks are getting worried for crypto but it is no a reason to blame them as a cause for this huge dip. Prices may always change and varies through the demand and supply in the market.
I think this huge dip had already happen before at early stage of crypto world, but only few have been a member on that time. So we don't need to worry so much for these, it won't last for long.

futureofeth

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Quote from: fachant on January 27, 2018, 01:04:41 PM

Quote from: cybersofts on January 17, 2018, 11:26:53 AM

Bankers are just doing this to blackmail bitcoin and altcoins to force governments around the world ban cryptocurrencies.

Banks will always fight with cryptocurrencies because they lose the opportunity to make a profit. They do not make money on granting loans, they have no control over the flow of money. That's why they can not accept it.

Exactly, but it can't help them because already cryptocurrencies are ruling the world and already many companies are making the partnership with other vendors by paying them through the cryptocurrencies. Still, bankers are forcing the government to ban the cryptocurrencies.

ss890

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If they are killing it then we can not do anything about it because well we are just so small in front of them. Roll Eyes

The idea of decentralisation came and was accepted initially by everyone and we can clearly see that the banning stuff started when the prices of the bitcoin skyrocketed. This clearly indicates that how they reacted on the bitcoins hike when their balance started to disturb. So I believe in your imagination which is my imagination too. :-)

If they had no problem then why they did not dropped the idea of Bitcoin coming into market when it stated in 2009. Its really thinkable.

removebeforeflight

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Banks are agents who makes money out of our money as we all know and this would come to an end if governments accept bitcoin. If bitcoin is accepted as legal tender for transactions there is no necessity for a bank to exist, in this scenario banks are forcing the government to ban if they have goo command in the government and if there is no command for banks with government, then they need to adapt crypto currency as their future currency. The second one I've mentioned would come in to place soon.

fasdorcas

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Quote from: Naficopa on January 28, 2018, 05:02:10 AM

Quote from: NicG13 on January 28, 2018, 04:50:23 AM

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Banks have their own interest in influencing bitcoin. They are pressing governments to introduce laws regulating the trading of bitcoin. Banks are profit oriented and cryptocurrencies take them away. Therefore, they will fight with bitcoin all the time.

Banks and crypto currencies are like “enemies forever” now. Well, bitcoin poses a big threat to banking system. It is totally opposite to their interest rather opposes the purpose of banks. A far better way of saving money and more profitable also.

I think banks are gonna counter this problem by accepting bitcoin and all other crypto currencies. At present, they are not in hot waters because crypto currencies are still unknown to majority.

GregH37

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Quote from: NicG13 on January 28, 2018, 04:50:23 AM

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Progress of crypto is not in hand of bankers and I think crypto is the key which will end the banking system and that’s why bankers are worried about bitcoin and other emerging coins and many of them are spreading rumors about crypto to divert the attention of people from it but as now community is growing day by day and bankers worries are increasing because once the crypto will cover all region then banks will be gone.

Naficopa

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Quote from: NicG13 on January 28, 2018, 04:50:23 AM

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Banks have their own interest in influencing bitcoin. They are pressing governments to introduce laws regulating the trading of bitcoin. Banks are profit oriented and cryptocurrencies take them away. Therefore, they will fight with bitcoin all the time.

NicG13

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I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

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