Topic: Is The dips bitcoin encountering intentional? (Read 159 times)
I heard that banks want to get involved with bitcoin but they can not because bitcoin prices are very volatile. As a result the fall of the bitcoin price is a way of ensuring that it becomes stable so the bank can work with it. How true is this?
nobody can control the value of the bitcoin. surely this is just the fluctuation of the price in the market since btc is volatile in nature
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?
Not true
It is true that Bitcoin poses a threat to the Bank, but the bank is unlikely to do such a thing. The bank wants to make a profit by dropping Bitcoin and the bank wants to work with Bitcoin, I think this is a bit impossible. the bank has its own balance sheet as well as Bitcoin. they have their own path and can not walk together.
if the bank creates Altcoin then the bank has violated the rules and I do not think this is possible.
they are not exactly creating these altcoins directly and there are no rule violations even if they did. what they do is that they back them up, usually by backing up a company that is registered but mainly is creating that altcoin so by backing that company they feed it money and that money is used to pump and dump that altcoin and the profit goes in the pocket of the bank.
there are some that say this are doings by the whales. dumping coins to lower the prices so that they can get more at low price.
plus if banks wanted to make profit then they would have created altcoins just like many of them that did: ETH, XRP are two good examples of altcoins created by the banking cartel. and you can see they are making a lot of money from pump and dumping them.
This is not true, the bank is already too busy with its own work, it is unlikely banks want to benefit from Crypto by dropping Bitcoin.
other than that the bank already has the advantage of Bitcoin users. every Bitcoin made in money, in every swap the bank gets a profit.
if the bank creates Altcoin then the bank has violated the rules and I do not think this is possible.
I don't think the price is going down to make it consistence so that the banks can deal with it. The price has gone down naturally and will come up too. And it has already started to recover. So, this are misconceptions. Bitcoin will soon have a bull run.
there are manipulations in bitcoin market just like any other market but to say it is "banks" because they want to buy in, doesn't sound right to me specially because this "dip" may seem new to you that haven't seen anything else before but it is not new to bitcoin which had A LOT of dips exactly like this one in the past.
plus if banks wanted to make profit then they would have created altcoins just like many of them that did: ETH, XRP are two good examples of altcoins created by the banking cartel. and you can see they are making a lot of money from pump and dumping them.
plus if banks wanted to make profit then they would have created altcoins just like many of them that did: ETH, XRP are two good examples of altcoins created by the banking cartel. and you can see they are making a lot of money from pump and dumping them.
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?
It is not true, or it is at most extremely exaggerated. Nobody can control bitcoin prices with any kind of certainty and with no risk.
I agree with you.
which I know Bitcoin has a decentralized system which means that all policies / rights are in the user and nothing can change them. whatever the Bank wants to cooperate with Bitcoin, then it is impossible
that not true at all. no one can control bitcoin. that;s why it is decentralized right
This is not possible, bitcoin was not developed by the bank so it cannot be control by the bank. If the bank want to integrate blockchain technology or bitcoin then they have to work by our own standard, bank cannot come and create a standard for us.
Nothing is truly intentional. I think it makes sense that the market is just going through a cycle
it is not true, and it sound more like your imagination!
first of all in many different countries the banks are banned from investing in bitcoin so they are not legally allowed to do what you are talking about.
secondly if they wanted to get involved with it they would become payment processors and services like that. they do not need to own cheap bitcoin to do that, the money they earn would be from fees.
and finally in order to crash the price as you suggest you first have to have a lot of bitcoin and if they had that they why would they want to buy more?
first of all in many different countries the banks are banned from investing in bitcoin so they are not legally allowed to do what you are talking about.
secondly if they wanted to get involved with it they would become payment processors and services like that. they do not need to own cheap bitcoin to do that, the money they earn would be from fees.
and finally in order to crash the price as you suggest you first have to have a lot of bitcoin and if they had that they why would they want to buy more?
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?
It`s a lie.The banks don`t want to get involved into bitcoin.Some banks just want to implement blockchain technology to hanlde their transactions and the process of storing information.This has nothing to do with bitcoin.Even if the BTC price falls to about under 1000 USD,that doesn`t mean that it will become "stable".
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?
It is not true, or it is at most extremely exaggerated. Nobody can control bitcoin prices with any kind of certainty and with no risk.
Yes.. even stock market is bearish.. lets hopeit will de done fast
I heard that banks want to be involved with bitcoin but they can't since the price of bitcoin is so volatile. As a result the fall in bitcoin price is a way of ensuring that it becomes stable so that banks can work with it. How true is this?
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