Bitcoin drop about 20% after Lloyd Blankfein comments. - page 3.

buwaytress

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It's well past the time for CEOs of banks, investment funds, hedge fund managers, etc. to have any impact on the price of Bitcoin. Bitcoin has dropped 20% and more plenty of times this year alone. On the other hand, it's also gone up with the same or more vigour.

Don't forget how it lost over 50% only years ago (although that was still in its market infancy and back then, China news had a stronger impact), so be prepared for even bigger, wilder journeys with Bitcoin. You did realise now this is one of the world's most volatile markets, didn't you?

Take a seat, switch the news off and hold.

Shamie1002

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We all know how fraud or FUD affects people psychologically. Personally, I don't know how panic selling can be prevented. People are too afraid of hodling their coins just because somebody says what has been said in a negative way.
What if somebody said they will make bitcoinAss or something and it will rule the cryptoworld. Would they believe such thing ?
People should stop being paranoid sometimes.

bitcoinisbest

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Quote from: fulmetal08larz on December 01, 2017, 08:37:30 AM

These negative comments about bitcoin will keep coming and we will always take the opportunity to buy the fucking dip over those FUDs. That is just how it works and it is all part of the cycle. It all depends on the investor's view whether they get affected in such negativity or keep positive and ride on bitcoin's rise to the moon.

This is certainly not the good thing to happen because when the dip happens large there are many panic sellers who sells it. Thus if they have bought a big amount at high price and sell it considering the further fall and take a hit on losses, its possible that quite few of them will want to stay away from this and may end up losing some investors in such scenarios every time.

putrisa

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

this seems to be because the new players are frightened by such news that so much every bitcoin rises so high there will be news that will shake up bitcoin prices because they are looking for an opportunity to buy bitcoins, do not get easily fooled by such fake news.

fulmetal08larz

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These negative comments about bitcoin will keep coming and we will always take the opportunity to buy the fucking dip over those FUDs. That is just how it works and it is all part of the cycle. It all depends on the investor's view whether they get affected in such negativity or keep positive and ride on bitcoin's rise to the moon.

suzanne5223

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

Yes, the comment made by the CEO of the USA investment bank made did cause some dip but there's one I have learnt so far ever since I step into crypto currency and the things is most of the millionaire/billionaire usually say some bad comment in other to cause panic which will open door for some quick buy. Whenever such things happen you know what to do.

posi

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

Mate, bitcoin is stronger than this and this remind of the time the Chinese government did a lot weird things which lead to dump in price of bitcoin while people start to panic their bitcoin. My advise to you is that don't panic sell your bitcoin no matter the comment people say.

marcbitcoins

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

I think that this week sudden crash was a failed attempt of another so called bitcoin price corrections in which they try to dump the value and to make some holders to get panic but again they failed. I don't believed that simple words of this guy is related to the crash but it just a mere coincidence but if they insist that they really do the crash well they spend a lot of fiat just to be a failure in the end.

fempat

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When there are FUDs, its always an opportunity to buy in the dip. I've learnt this long ago. But I fear the day when the FUDs will be real.
For the time being, I'm cautious about putting my money into bitcoin.

Thymoty

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

if it's what he said that caused the price of Bitcoin down 20% I thank him because I managed to sell my Bitcoin at the price of $ 10120,
then I bought again at the price of $ 9790, lol Grin

the issue is one of the causes of the price down...

haroldtee

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Quote from: vv181 on November 30, 2017, 06:52:08 PM

Again a bitcoin FUD spread, make many people sell their bitcoin, in my opinion, its due to lack of the understanding the technology of bitcoin and lack of faith in bitcoin. That is what makes bitcoin volatile I believe soon in the future when bitcoin already being well-understood financial assets, the volatility will decrease, and the bitcoin price will stabilize.

People are getting wiser than you can imagine bro! Ordinary stunt that China pulled only affected bitcoin to a very little extent, but how long did it last? Let alone, a shit talk from the mouth of someone no one really cares about? Sure, anyone basing their decisions on what guys like this are saying these days apparently should have themselves to blame later on and from what I know, previous weak hands, always end up getting stronger. Better they learn their lessons now.
Every bull run comes with a correction and that was what happened and is still happening now, people should stop paying attention to whatever these guys from the finance sector are saying. Their words do not have a single tiny effect on the market and whoever cares to panic sell because of them should really be ready to blame themselves in the long run.

shamzblueworld

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

But look what it results in, even after the panic sell, even more people will get into it. Nowadays many are just waiting for this kind of opportunity to get the value slightly lower so that they can buy. Every time there is a slightly downfall in the value, it goes even higher in the soon after spike.
So appropriate thing to do whenever such nonsense is being spoken, is to ignore and go your merry way of hodling.

salihno71

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1. Those people are totally irrelevant in any possible way in crypto world. Their opinions are their own and are expressed based on their experience in the regular financial world and they implement those merits here failing to understand that some things are essentially different. Their only possible relevance could have been if they invested a part of the funds they control and try to influence the market with it.
2. I would not be sure that his statement was the cause for the recent movement. It was the expected correction and nothing more.

FrueGreads

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

I don't think it was related. The market is volatile, we are getting a lot of new users coming into bitcoin, and a lot of them moved by FOMO (fear of missing out), which means that as big whales take the opportunity to cash out a little and move markets, those new users, since they don't have a clear mind about bitcoin, just start panic selling only to see the price recover again, since the same whales are now buying lower to repeat the cycle.

It was just a normal day trading bitcoin. The good news are, that every time this cycle repeats itself, it will be harder and harder to do it, because the weak hands will either disappear or learn and get stronger. This means that more people will hold, and the less volatile the market will be.

newinbtc

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no need to worry in this mattery these type of people come in market to soil the price of bitcoin then they buy bitcoin For future and boom price back with bounce back power... every time this happens

just hold it and Buy Bitcoins when you think its dumping Coin

ivrynx

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As we all know, the cycle of all investments is whenever they breached a new high, there will always be a drop afterwards, it is just a normal cycle for all investments, especially in the asset class. I think just what had happened before people will start talking negative about bitcoin, everytime ghey a smight price drop, however it will only take a short amount of time for bitcoin to rally back and in this case, wenare now seeing bitcoin regaining its strength despite the fact that the holidays are coming.

michkima

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Those know it all should really stop talking. They don't know anything about cryptocurrencies and they just keep on blabbering about things they know nothing off. Worst about it is that there are people that believe them because they have some sort of influence, because some people think that traditional finance also works on cryptos. But it doesn't! It's a new age and traditional methods do not work anymore because they are outdated and not actually applicable to the new world.

sukamasoto

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Quote from: damberg on December 01, 2017, 03:34:06 AM

I wouldn't say it was calculated, though price effect of such a statement is clear. Wise investors and traders buy when "there is a blood in the streets". Great for those who expected the price to revamp.

It's normal thing when bitcoin reach the highest peak, it will go down finally.
Let's take a look for bitcoin value, I think it will attract new investors to invest in bitcoin especially when it already reached $ 10.000

pugman

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

I thought Koreans dumped it? Did they dump it or not? The holders who have a significant share in the crypto markers belong to China and South Korea, so even if Lloyd Blankfein makes such a statement that's not going to affect the markets badly. People got a track of their stupidness when JP Morgan started his bull shit which apparently was a trap for idiots to sell at a lower price so that the big dogs can buy it.

uelque

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Quote from: arpon11 on November 30, 2017, 02:52:22 PM

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

Or is it just a coincidence? I can't really tell if it was the main or one of the reason why bitcoin price dips down. I think people won't just believe Lloyd Blankfein so easily, and if they, I don't know what kind of people they are, so stupid. I don't know what might be the other reason why bitcoin falls down, and I believe there is another reason. And yeah another attack on bitcoin, but let's just hope they eat their words at the end.

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