Topic: When did people start caring what Goldman Sachs has to say about Bitcoin!? (Read 362 times)
September 16, 2018, 07:27:45 AM
I don't think we should believe everything that we read on this article. They are just trying to add to the speculation, nothing else. But, we also have a tendency to depending a lot on external news or sources which might affect the price of Bitcoin and we also want a decentralized system. Very interesting human nature to say the least.
September 12, 2018, 01:07:44 AM
Yes, it can be thought by a group of people or businessmen to use bitcoin for different purposes. But also need to take necessary steps to avoid their thinking of regulation on bitcoin. Need to be more careful on this matter, especially from cartels.
September 11, 2018, 11:04:26 PM
When those people suddenly somehow become cryptocurrencies expert. If the person job's have any relation with the economy or technologies somehow mainstream treated it like they are an expert in the cryptocurrencies. Personally, its kind of ironic if we talk about the decentralized nature of cryptocurrency.
September 11, 2018, 10:30:13 AM
There is a lack of awareness among the investors and hence most of them make decisions based on the market sentiments instead of doing their own research. It is the reason why there is a lack of confidence whenever the investment decision is taken by the investors. Sometimes, random news can trigger the panic selling wave in the market.
September 11, 2018, 10:02:17 AM
Take this quote from an article:
Source: https://cryptodaily.co.uk/2018/09/bitcoin-btc-falls-back-to-trend-line-but-will-it-fall-further/
When did people start caring what cartels have to say about bitcoin. have people forgotten what cryptocurrencies were suppose to do? have people really starting looking up to the same people that destroyed the global economy in 2008? This is just insane to me. It would be like Airbnb looking for approval from Hotel chains, or Uber looking for approval from taxi companies.
Seriously, people wake up. Bitcoin never did any of these peoples permission. If you are really looking for the same cartels that have been destroying lives for decades to come and "regulate" bitcoin, then you have fully misunderstood what power you have been given.
Thank you very much for this post. I wonder why people just rely on this people in cryptocurrency. The future of cryptocurrency does not depend on this people. We give them more credence by paying attention to them. Quote
"Apparently, the cause of this dump was Goldman Sach’s announcement that it is scraping off its crypto trading desk for now."
Source: https://cryptodaily.co.uk/2018/09/bitcoin-btc-falls-back-to-trend-line-but-will-it-fall-further/
When did people start caring what cartels have to say about bitcoin. have people forgotten what cryptocurrencies were suppose to do? have people really starting looking up to the same people that destroyed the global economy in 2008? This is just insane to me. It would be like Airbnb looking for approval from Hotel chains, or Uber looking for approval from taxi companies.
Seriously, people wake up. Bitcoin never did any of these peoples permission. If you are really looking for the same cartels that have been destroying lives for decades to come and "regulate" bitcoin, then you have fully misunderstood what power you have been given.
September 11, 2018, 09:55:04 AM
More than the Goldman Sachs flip flop, all this gushing over ETFs was real a eye opener for me. Give me a break! They're paper markets where you trust institutions to back pieces of paper with a peer-to-peer currency! Just say that out loud. Have you ever heard of anything so nonsensical? 
It raises some interesting questions about who Bitcoin investors are (at this point) and where their principles lie -- how easily they might be co-opted in the future. Many people are now so greedy for price gains that they're praying Wall Street involvement will pump the price, principles be damned. If they really understood Bitcoin, they wouldn't advocate for all the counterparty risk that paper Bitcoin markets will create.
It raises some interesting questions about who Bitcoin investors are (at this point) and where their principles lie -- how easily they might be co-opted in the future. Many people are now so greedy for price gains that they're praying Wall Street involvement will pump the price, principles be damned. If they really understood Bitcoin, they wouldn't advocate for all the counterparty risk that paper Bitcoin markets will create.
I am fully with you. It is insane how people could even consider ETF a good thing for crypto. I think a lot of has to do with the fact that many people still do not even understand the freedom that has been provided by cryptocurrencies.
Quote
Many people are now so greedy for price gains that they're praying Wall Street involvement will pump the price, principles be damned.
^^ That is the exact thing that raises a lot of concern for me. You would not believe how many times in presentations i have to remind people of 2008, something that happened only 10 years ago. People have forgotten that in the US alone 10M people lost their homes, that 16T was used to bail out banks overall globally. Yet they go to the same people and ask them to endorse Bitcoin instead of laugh at them for even wanting to be a part of something they never had anything to do with. I fear in time they might even claim they were the ones you who created Bitcoin.
I think we are in an era in which people have forgotten the cost of liberty and freedom, it was something which was handed to most new generations, and as such perhaps it has to be taken away for people to truly understand the depth of the situation.
ETF and Bitcoin in the same sentence is as strange as seeing healthy and cigarettes together.
September 11, 2018, 09:51:14 AM
Take this quote from an article:
Source: https://cryptodaily.co.uk/2018/09/bitcoin-btc-falls-back-to-trend-line-but-will-it-fall-further/
When did people start caring what cartels have to say about bitcoin. have people forgotten what cryptocurrencies were suppose to do? have people really starting looking up to the same people that destroyed the global economy in 2008? This is just insane to me. It would be like Airbnb looking for approval from Hotel chains, or Uber looking for approval from taxi companies.
Seriously, people wake up. Bitcoin never did any of these peoples permission. If you are really looking for the same cartels that have been destroying lives for decades to come and "regulate" bitcoin, then you have fully misunderstood what power you have been given.
Quote
"Apparently, the cause of this dump was Goldman Sach’s announcement that it is scraping off its crypto trading desk for now."
Source: https://cryptodaily.co.uk/2018/09/bitcoin-btc-falls-back-to-trend-line-but-will-it-fall-further/
When did people start caring what cartels have to say about bitcoin. have people forgotten what cryptocurrencies were suppose to do? have people really starting looking up to the same people that destroyed the global economy in 2008? This is just insane to me. It would be like Airbnb looking for approval from Hotel chains, or Uber looking for approval from taxi companies.
Seriously, people wake up. Bitcoin never did any of these peoples permission. If you are really looking for the same cartels that have been destroying lives for decades to come and "regulate" bitcoin, then you have fully misunderstood what power you have been given.
The market trend is not bullish and over time, I can say it has maintain a steady more downtrend and few uptrend whereas many investors want the full bull run. This drives many to seek information from all and sundry. People should try to get correct info from right channels than listening to someone's thought
September 11, 2018, 09:42:50 AM
This is really heartbreaking for the cryptocurrency community. After showing plans to open a trading desk for Bitcoin earlier, Goldman Sachs has finally aborted his plan. According to the report, they are finding it difficult to regulate cryptocurrency. The whole cryptocurrency market is astound with this news. This is already affecting the prices of Bitcoin and other currencies.
Its all just a game.
‘Fake News’: CFO Says Goldman Sachs is Not Ditching Bitcoin Trading Desk
https://www.ccn.com/fake-news-cfo-says-goldman-sachs-is-not-ditching-bitcoin-trading-desk/
September 11, 2018, 09:25:48 AM
for example I assure you nobody in bitcoin world gives a flying fuck about what Jamie Dimon of JP Morgan says about bitcoin but bitcoin price dropped about 30% IIRC last year when he called bitcoin "fraud". in a way it has turned into a tradition among market players that whenever some FUD is spread about bitcoin, everyone panic sells. and the funny thing is they sell because they want to buy back more of it not because they think bitcoin is over!
Well i guess thats the point im trying to express here, that the culture is changing as it did with the internet, PC's etc. The bitcoin world has changed from when i got into it many years ago to today. I remember communities would shame someone for continuously speaking about price, now its become normal and accepted. The new generation do not hold the original values and principles and many investors actually do give a shit what people like JD from the cartel united have to say.
September 11, 2018, 07:31:07 AM
When did people start caring what cartels have to say about bitcoin? have people forgotten what cryptocurrencies were supposed to do? have people really starting looking up to the same people that destroyed the global economy in 2008? This is just insane to me. It would be like Airbnb looking for approval from Hotel chains, or Uber looking for approval from taxi companies.
September 11, 2018, 07:21:59 AM
Actually i think that many people in this industry can be manipulated easily. I don't know but maybe they feel insecure whenever they heard a negative news which can be fake sometimes .
September 10, 2018, 02:27:27 PM
Some peoples have very bad habits of pointing fingers So, if something unprecedented happens, people expect that there has to be a solid reason. In this case, I do not believe that Goldman Sachs announcement was the real reason of the dump.
September 10, 2018, 02:11:33 PM
It is because of media hypes. When something happens that can't explain, media start making false hype and fault news. It's problem, most of the new investors fear. Price falling nothing new with Bitcoin.
September 10, 2018, 10:14:14 AM
It is different with its own character and popularity.It is different with its characteristics, because it has the ability to go to highest position by its own power.it will be turn around and make sure good thing for investor.
September 10, 2018, 12:06:21 AM
I really don't believe Goldman Sachs' decision has anything to do with the recent crash in Bitcoin's price. The sole reason behind it is the dump that we saw, which was worth 100 million. Goldman Sachs might have made their decision for not joining crypto scene but that won't affect the market any way.
September 09, 2018, 03:13:30 PM
that is a bad news for a bitcoin investor.but i think investor will thinking before investment.as a investor i think bit coin will recover this situation and increase its demand in future
September 09, 2018, 02:59:17 PM
Cartels are made to control people and fulfill their commerce objective at any taken a toll. People has unmistakable supposition in a few points. Who knows some of they may be getting paid to spread out those words.
September 09, 2018, 01:28:33 PM
Cartels are created to manipulate people and achieve their business goal at any cost. People has different opinion in different aspects. Who knows some of they may be getting paid to spread out those words.
September 09, 2018, 01:22:46 PM
I don't think it really triggered this dump. The dump was to happen as a real rise in the market is waiting for the BTC. People think over too much, the wise just hold their thoughts as well as investments.
September 09, 2018, 01:16:56 PM
The dump may be influenced a little by this Goldman hype but it cannot be completely responsible for the market price dumping of the BTC. Even the ETF hype cannot fully trigger a dumping. There will be a huge change by the end of the year.
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