Topic: When did people start caring what Goldman Sachs has to say about Bitcoin!? - page 3. (Read 362 times)
September 09, 2018, 03:32:51 AM
Because noobs are very sensitive to any news, they think that everything can move Bitcoin's price, especially when Bitcoin is directly mentioned. This is probably because crypto news sites report anything slightly related to Bitcoin's price, and they also like to suggest a connection between price moves and some events, to boost their own relevancy. This might be especially notable now, during the bear market, because a lot of newcomers got #rekt by jumping into Bitcoin near the top of the bubble, so they desperately look for anything that in their opinion could trigger a new run.
September 09, 2018, 03:10:31 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.
September 09, 2018, 02:53:59 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.
September 09, 2018, 02:46:20 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.
September 09, 2018, 02:45:23 AM
Because the Bitcoin market is primarily fuelled by hype. Good hype = market increase; bad hype = market plummets.
It's a sad reality, because this exact situation is what allows large corps like Goldman Sachs to manipulate the price.
It's a sad reality, because this exact situation is what allows large corps like Goldman Sachs to manipulate the price.
September 09, 2018, 02:12:44 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!
September 09, 2018, 02:06:39 AM
I don't think that we should give him attention based on this there are some people who are making it viral and give their unnecessary attention to that news which is bringing more drama to us so we should avoid such types of things.
September 06, 2018, 10:12:40 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.
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