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Topic: 'Maybe bitcoin is a kind of a bubble,' Goldman Sachs CEO Blankfein - page 2. (Read 888 times)

sr. member
Activity: 476
Merit: 254
Anybody could express an opinion about bitcoin but that  does not mean the bitcoin price should follow suit. A lot of thread have showed up clamouring for the crash of bitcoin whether they are warning or they are doing it for their own interest, no one knows. But what is surprising to me, is the concentration on bitcoin while there are some other coins that have increased at an higher percentage compared to bitcoin. Maybe the right prediction should be the entire crypto currency crashing.
hero member
Activity: 3080
Merit: 603
Is that a clue that he predicts that bitcoin's price might crash in due course? I speculate he wants it to crash so his company can buy on a discount. It is a common trick by market manipulators.  

Possibly that his company wants to get some cheaper bitcoin and this technique he got from the famous FUDman Jamie Dimon. I thought before he's one of the people that has good thought and vibes to bitcoin and now he says something like that. But this isn't going to work out, there might be some crash that's about to happen or it's a form of correction yet it will increase again. Let's see on what he'll say after saying that he's not comfortable about bitcoin.
sr. member
Activity: 532
Merit: 250
Well bitcoin is consensus money at least the best there is out there at the moment that is ready to be used by any adopter. So i'm not sure why he's comfortable with the idea of that but not bitcoin itself? Doesn't make much sense to me.

Anyways yeah, it's definitelyan attempt to short bitcoin in my opinion.

They obviously have demonstrated interest in BTC in the past but seem to be relatively negative right now, meaning their positions probably have changed.
hero member
Activity: 756
Merit: 505
I wish these SOB bankers shut up. They don't keep on commenting on bitcoins because they nothing about it but they just keep on blabbering shit about bitcoins. Remember when the bankers said shit about bitcoins then suddenly a big bank just bought loads of bitcoins when the prices went down? Yeah, those bankers are hypocrites. They say shit about it and in the end the bank that they work for just bought loads of it.
sr. member
Activity: 1274
Merit: 263
actually why would we need to think about something like this ?
they have their own opinion regarding Bitcoin and so what if he said that ?
if i remember correct it was not our first time to see something like this ,
and i believe it will not be the last one either,everybody have their own problem.
as long as it does not affect us,just let them talk as their wish.
he talked that way because he want to join the train by shaking Bitcoin holders,
(it might be like that because for the past few years i saw something like that multiple times before).

legendary
Activity: 1092
Merit: 1001
Goldman sachs has been talking a lot during the last few days about bitcoin, i dont know what are their real plans but it is obviously that they want to keep the price low so they can join the market at a cheap price.
But they said some good things about bitcoin, i saw a notice about another CEO who said that it was the new era of digital money, and everybody was happy with that new.
but now this is a little bit weird, what are they really trying to do? maybe they are just giving their own opinions after all, we are never going to know they real plans.
legendary
Activity: 3122
Merit: 1492
What is Goldman Sachs CEO, Lloyd Blankfein, trying to impart with the audience of this interview. He said that he does not like bitcoin but in the end he is open to the idea of a form of consensus money.

Is that a clue that he predicts that bitcoin's price might crash in due course? I speculate he wants it to crash so his company can buy on a discount. It is a common trick by market manipulators.  



In an interview with CNBC's Kayla Tausche, he said that "maybe bitcoin is a kind of a bubble," adding: "I don't like it. I'm not comfortable with it."

Blankfein's reason for not trusting the cryptocurrency is simple, he said: "I'm kind of an old dog to be absorbing that kind of a new trick."

But Blankfein did not say the digital currency would fail, noting that "the list of things that are conventional today that I use every day that I thought would never make it is a very long list."

"If it works, I say to myself, 'Hmmm, maybe that was a natural progression from hard money to fiat money to consensus money.' So who's to say."


Read the whole article https://www.cnbc.com/2017/11/09/maybe-bitcoin-is-a-kind-of-bubble-goldman-sachs-ceo-blankfein-says.html
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