I don't assume the BTC price will fall down $6000- as the dumps have been done and the market is slowly recovering. Though we cannot assume accurately, the stat says it would not happen. But who knows!
Topic: When did people start caring what Goldman Sachs has to say about Bitcoin!? - page 2. (Read 362 times)
September 09, 2018, 01:10:41 PM
September 09, 2018, 12:49:27 PM
Bitcoin has its own features and it does not have to depend on others situation. It is different with its own character and popularity. And has the ability to go to the leading position of economic aspects with the vital role of economy.
September 09, 2018, 12:10:21 PM
Bitcoin does not have to depend on someone's or something's others. It is different with its characteristics, because it has the ability to go to highest position by its own power. Bitcoin can play a huge role in economy.
September 09, 2018, 11:52:38 AM
It is true that the Bitcoin has its own characteristics and it does not have to depend on someone's or something's. It is different on its own position, because it has its own ability to go to its position by its power. And can play a huge role in economic positive change.
September 09, 2018, 11:42:20 AM
To be honestly, i don't believe this was the cause for the dump.
Actually, the dump happened a few (about 10) hours before goldman sachs has announced they are dropping their plans of a trading desk.
So, either there was someone with insider information and a lot of bitcoins who triggered the dump, followed by the news to create fear among people.
Or the dump hasn't anything to do with this announcement.
And to answer your initial question, i think people started caring about what sachs says about bitcoin when they realized bitcoin has made other people extremely rich.
They also want to get rich quick and would endorse anything which would increase the $-value of BTC. Even if it would damage the whole bitcoin ecosystem..
Basically, greed.
Actually, the dump happened a few (about 10) hours before goldman sachs has announced they are dropping their plans of a trading desk.
So, either there was someone with insider information and a lot of bitcoins who triggered the dump, followed by the news to create fear among people.
Or the dump hasn't anything to do with this announcement.
And to answer your initial question, i think people started caring about what sachs says about bitcoin when they realized bitcoin has made other people extremely rich.
They also want to get rich quick and would endorse anything which would increase the $-value of BTC. Even if it would damage the whole bitcoin ecosystem..
Basically, greed.
September 09, 2018, 11:31:45 AM
i agree with you. if we misunderstood bitcoin it actually our failure.in crypto market bitcoin is promising coin instead of others. we should keep our faith on bitcoin.
September 09, 2018, 11:24:59 AM
bitcoin market are now going down but it's doesn't mean bitcoin closed. it will grow up its price. it will more popular day by day. i want to know more about this.
September 09, 2018, 11:16:16 AM
i think it will rest of the market into a long term bear trend. though bitcoin market go down but it will come back immediately. because it following liquidity.
September 09, 2018, 11:09:47 AM
completely agree with the author. I think if we came for help to institutional investors, it means that we spat in the face of our creator
September 09, 2018, 11:07:21 AM
bitcoin does not fall this aggressive since June 2018. it is more promising and reputable. it will be turn around and make sure good thing for investor.it will rest of the market into a long term bear trend.
September 09, 2018, 09:49:25 AM
well as far I know it is group which provides suggestions and gives lead to investment markets , but some people claim that they were responsible for few economic dump so I think everyone is now stop caring about this because of that reason
September 09, 2018, 09:37:05 AM
I think this less trust issues are happening for the 2008 economic distroy , crypto currency users have not still forgot that incident that is why they are stop caring about their decision but I think we should have the updates
September 09, 2018, 09:25:45 AM
it is basically a place what explains you investment related details and security and it is a global platform but because of some previous unfortunate issues crypto users stop carring or believing on their decision, but I will suggested you to at least have their updates
September 09, 2018, 09:02:45 AM
This seems really absurd that people are actually giving Goldman attention. Have we not learned our fair share of the consequences of giving attention to the wrong news yet? I hope the people will not get themselves into it too deep before it is too late.
September 09, 2018, 08:33:03 AM
There will be people that will give unnecessary attention to news that will bring more drama to us. There seems to be no need to even give this guy a shed of attention, given his past history with the market.
September 09, 2018, 06:46:35 AM
We need to be more patient in this condition. The news is really heartbreaking. Goldman Sachs is scrapping off the plan of opening cryptocurrency trading desk. This news has already affected the market and left it astound. We need to be patient with Bitcoin and try not to make the price fall more.
September 09, 2018, 06:39:04 AM
Let's just put this into some perspective here, because this statement is very broad. The "people" that you are referring to in your post is definitely not the old timers and early adopters. The "people" that are influenced by Goldman Sachs antics, is probably people who are also invested in Stock markets or Banks.
These "people" are your typical speculator/trader in fiat currencies and also other commodities. So let's just get this out in the open, before we talk about "people" in general. I will be one of the "people" who would be celebrating, when Goldman Sachs goes down.
These "people" are your typical speculator/trader in fiat currencies and also other commodities. So let's just get this out in the open, before we talk about "people" in general. I will be one of the "people" who would be celebrating, when Goldman Sachs goes down.
September 09, 2018, 05:09:07 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.
My question is why we should take it seriously when people here nowadays are not noob and illiterate about matters,cryptonians now are mature enough to learn that speculation is different from realizations and that is what we must accept
Goldman is just like any other people here that want popularization for hes own interest but concerns nothing but himself
September 09, 2018, 04:47:12 AM
I don't suppose it is that much about caring what Goldman Sachs, SEC, and others say about bitcoin. it is mostly about what they say can affect bitcoin price, in other words it is about speculation.
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!
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!
i'm sure it wasn't jamie dimon uttering a few words that caused BTC to drop 30%.
it might have coincided with the correction---IIRC, that story dropped right in the middle of it. but the drop had much more to do with general market conditions and profit taking because we had just made a new ATH and price was going parabolic. good traders expected a harsh pullback given the magnitude of the preceding rise.
September 09, 2018, 04:44:44 AM
In my opinion the dump had more to do with the recent large movement of coins from an old wallet than any GS statement.
the timing of it doesn't match the drops if you check the charts.
basically the news about SilkRoad $1billion bitcoin movement started on 30 August, price was $7050+ and went down to $6800ish and then from 31 to September 5 price continued rising after the "hiccup" up to ~$7400 then the news about GC came out and price dropped on the same day. here is the link with dates:
8 days ago (large movement of coins):
https://www.reddit.com/r/Bitcoin/comments/9bwsaf/investigating_the_1b_bitcoins_on_the_move_from_a/
4 days ago (GC):
https://www.bloomberg.com/news/articles/2018-09-05/bitcoin-drops-3-in-10-minutes-as-cryptocurrencies-join-selloff
link to price for comparison with dates: https://bitcoinwisdom.com/markets/bitstamp/btcusd
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