Bitcoin Forum

CEO of the USA Investment bank, Lloyd Blankfein said "something that move 20 overnight do not feel like a currency. It is vehicles to perpetrate fraud" after this comment on Thursday bitcoin lose over 20% and I was panic to sell off my holding. But thank God the bitcoin has started recovering as we can see that it is currently above $9,700. I think this is another caculated attacked on bitcoin image in other to create FUD.

Why are any of you still paying attention to whatever the fuck these scammers to say?

First JP Morgan CEO Jamie Demon comments FUD on Bitcoin a bunch of times and each time it goes higher after the dip. And then the Goldman Sachs' CEO Lloyd Blankfein comments on how Bitcoin is volatile and not a currency, not even a creative or funny comment, just the same regurgitated nonsense we've heard a million times.

If Bitcoin is volatile is because of panic selling idiots falling for the FUD each time. As we shed them out on the long term everyone holding will have strong hands and they will not sell every time the mainstream media tells you to do so.

Who told you that the fact this guy said this and that about Bitcoin is the reason for the price dropping? It's a garbage. Next month we may see people saying the price increased by 3$ because of Santa Claus or because it's snowing outside.

People need to be used to see such Up and down because in a near future it will be more frequent. No matter who says what or not

Bitcoin fell sharply after a recent Bitcoin Cash attack recently. And what happened after this ? It paved the way to 11 000$. These corrections are in fact a benediction as it removes all the weak hands.

It might go back up tonight, since it's going to be mentioned on a popular tv show.

Ohh well I was fed up of searching reasons of such a downfall in the price of BTC thanks for sharing the information. BTC crashing down to almost 9000 and then recovering. I made a profit of 6% due to this price correction by short selling. I think the crypto market is becoming even more delicate each coming day. Just a strand of news can shake the whole market till its depth.

That's kind of the problem with Bitcoin, for regular people. You made a gain, but at the same others make loses. And others in position to do so could play the market by making statements and then having the media report that statement.

is that the cause of bitcoin reduction today? not because of anything else? I am quite worried that I sell the bitcoin that I hold, I had panic sell due to the decrease of bitcoin and also altcoin

Lol don't believe on this because theybare just predicting it simetimes their predictions happens but theres no affection between them and bitcoin , bitcoin it self remind that people who are just earning from them difinitely awesome which means our economy grows faster they're just fooling people bu playing commens.

Actually I don't think that his comments will have that much influence on the price at all. I think that mostly it was just normal market movements due to a rush of growth and then it was in part his comments as well as some exchanges crashing.

Bitcoin is starting to bothering some huge corporations and influential people.
We can expect a significant increase in such FUD attempts.

Bitcoin's market has always been subject to mass loads of fud, so there won't be much new to see here. People need to distance themselves from everything that's being said, and for once do some actual research on what Bitcoin is and how this market gets steered back and forth. I get it that traders like it and can't get enough of the wide range movements, but it's pathetic that the market gets sold down because of utter nonsense. It's something this market doesn't seem to be able to get rid of, and for that reason will likely remain like this for many more years. It's something we have to deal with and accept. Good thing is that holders won't be bothered by all these market swings.

Yeah unfortunately it has happen but you only lose some % from your investment and few people whom had their invst in the exchange lost (probably) everything. That 30% loss  was caused by the two gib exchanges whom were closed for 1 day maybe? I was possible that btc will recovery because of boom, everyone want to own bitcoin so it is obvious.

When the price of bitcoin drops nearly 20 percent that's a great opportunity to buy. When more people tends to panic about the price drop, some opportunistic has a big laugh because they know the price will be back to normal soon, they already know how the cycle of market behaves. Most CEO are the front-man for market manipulation they try to scare small time players, when they fear they sell lout their bitcoin thinking it will go down deeper, but that is not what the manipulators trying to do, they are just waiting for a cheaper price and buy in bulk later.

I don't listen for any negative news about bitcoin because they just want to dump bitcoin so they can buy more bitcoin just like what James Dimon did. I believe in bitcoin and no matter what the price right now it will surely bounce back even higher.

Again a bitcoin FUD spread, make many people sell their bitcoin, in my opinion, its due to lack of the understanding the technology of bitcoin and lack of faith in bitcoin. That is what makes bitcoin volatile I believe soon in the future when bitcoin already being well-understood financial assets, the volatility will decrease, and the bitcoin price will stabilize.

Another attention grabber guy just like Jamie Dimon. Just ignore him. 

he is just like any other guy who try to attack and take down bitcoin, we already know many times on how bitcoin are capable in comeback after a big dump because of this negative news and become more stronger. Lets move on and be patient!

I always suspecting if these people who creating FUD was trying to make bitcoin bearish, so that they can buy in low price  >:(

Dumps are natural, but pumping the price from @$7000 to @$11000 is not. I said it 3 days ago when people were talking about wall street investing

On Bitcoin futures, they are manipulating the price to shake your weak hands. they are the fraudsters.

This is easy profit for people who want to buy it at a bargain price.  They will try to shake the bitcoin market for a little bit to take advantage of the low price then buy a lot of bitcoins during the time it decreases its value.  I remember the CEO of JP Morgan Chase, I guess his investment now has reached to a all time high. Tsk tsk...

Exactly, and then we had the Saudi prince, Alwaleed bin Talal,  talking crap about Bitcoin and all sorts of other nonsense when a week later he's arrested and left for broke.
https://cointelegraph.com/news/saudi-arabia-arrests-billionaire-prince-could-uncertainty-boost-bitcoin

He won't be the first and he certainly won't be the last, I have an overwhelmingly bad feeling that Bitcoin is not only devaluing the U.S dollar but it represents a token of bad luck for all the overly critical naysayers , uneducated , and uninformed. To heck with being just the Honey Badger of Money it's becoming the Terminator of Dictators and Governments!  

Why is anybody listening at all to this? I mean come on, if you and your friends controlled the world and then something came up that was about to take your power away from you and you could do nothing against it, you would also try to disgrace it whenever you can wouldnt you? I think everybody would, thats human.

Why in the world would you bother paying attention to anyone with a large stake in the fiat economy? Don't, it's the only way that they maintain any legitimacy, regardless of whether or not they have any legitimate value. They are always going to say things to try and suppress Bitcoin as aggressively as possible, and if we let that happen then Bitcoin will be going no-where.

Bitcoin probably took a bigger hit from the exchanges going down than this dude's comments. I wouldn't take what he said as any indication of a real impact other than coincidence.

lack of understandig what bitcoin is make new people panic, bitcoin dont care what a person say, bankers dont like bitcoin and this kind of statement will always exist.

if you read about economy history and for what bitcoin really was created you will find that is hard to sell your bitcoins.

so dont be panic what bankers say, if they say something is because they are worry about  to loose the privilige to be a banker.

Can you tell to us why do you care about the opinion that does not have anything to do with bitcoin to the point you were about to panic selling, I do not care what other people say, I care about what I can see and bitcoin is a superior currency, it is obvious it is going to be unstable at the beginning of its life but that is bound to change.

If you really trust cryptocurrecies, you might not believe of that persons taught FUD accusations about bitcoin. More people creating this ways just to divert  the mind of the people and might lead them from selling their coins in a low price and they will buy those coins and get benefits from this. Because those people doing FUD have already know what happen next, and they are doing this just for the seek of being greedy.

LOL. I don't think that any announcement from bankers have a significant effect of bitcoin now. The only bankers that has put a dent on bitcoin ecosystem was Dimon, but it wouldn't happened again because he has already exposed. We can only speculate that people are just cashing it out that's why the price took a minor dip but has recovered again. Those bankers have no effect on bitcoin now, on the other hand financial investments are really interested on bitcoin future that's why CME and Nasdaq are offering it. No amount of FUD can bring the market now, and if you think that statement has put bitcoin to move 20%, it has recovered and back to $9700 and soon touch $10000 again. You should already learned by now not to take them seriously and don't panic from such statement from them.

or maybe this one is also another dirty tactics for them to buy more bitcoin.
coz the high is really high at the moment.....
isnt it?

Are you saying he caused the price to go down? Because I dont think he did. He's a nobody in the blockchain space, so why should everyone listen to him?

The whole market is just going through a correction from my perspective.

I was also a little bit shocked when bitcoin's price dropped these past few days because I expected that it will only continue to grow 'til the $10k mark before the end of this month and nothing will hinders since there are no upcoming forks anymore. Even though this happened, I never panic sell (you should also) because bitcoin never fails to amaze us and already proved its power many times before.

This kind of statements are not new to us, remember the bad accusations of the CEO of JP Morgan? He also tried to pull down bitcoin. Yes he succeed but only for a short period of time, Btc still find a way to rise. Just trust that Bitcoin can stand against all odds.

That,s part of the game you know..always expect the negative news and be strong..now move on and be patient..lets start the ball rolling :-* :)

A valuable sentence influences a large community and changes values drastically, the most influential statement in November LOL  ;D ;D ;D

Well there are a lot of people saying things like this this is just an example but I do think that this comme comment had nothing to do with the falling value of bitcoins...

People don't even have time to go ahead and read..the.. genral affairs and stuff thus not everyone will sell their bitcoins after hearing something like this.

What I think is the reason for the loss in the value of bitcoins is the .. sudden increase in price which made people panic sell..!

This is the biggest factor when it comes to .. the loss in the price of bitcoins but I think now that I have been in this community for a while...that its something that balances them... Due to panic selling... People get opportunities to buy.. to buy a lot actually! Then the price recovers..thus you are the one who has to decide that in which.. Category you will fall... The one who sells or the one who buys...

Other than this..I don't think..their statements matters that much..they are evidently jealous.

Another FUD has come from CEO of USA investment bank. A lot of people are getting scared. How these people are tyring to send all of their altcoins to the market and then dump it for the big loses.
How a lot of newbies are losing a lot of their money caused by scared the bitcoin price goes down a lot.

You panicked selling your holding? That means that you are not affected by the recovery of the price again right? I don't think that Lloyd Blankfein's statement has something to do with the dump on prices. Dimon's statement was even scratched off the record who is more reliable than the two? Bitcoin's price is falling because of people like you who sell their coins whenever a correction is happening. If you people just trusted bitcoin more we should be stable at $11,000 level by now.

People are still in failure to understand the technology reality of bitcoin correctly. Bitcoin market relies on the support of whole community.
These negative rumours wouldn't have influenced bitcoin badly but our lack of understanding makes us see the difficulty in every opportunity.
We should ignore  and continue to fight against such FUD news for better future of bitcoin

good interpretation mate,thats the effect of being no deep knowledge here in
crypto reacting in every words that might throw against bitcoin or the whole crypto.
haven't we really learned on those past issues?why not just be observant in a right
manner that we will all benefits not on those personality that only concerns
themselves ..

I think they’re not suspect when it’s obvious. They do this for that reason alone and that is always been the case. Comments from those selfish person doesn’t worth any attention at all. As I’ve always do nothing about it more than ignoring. It’s been a reality check and we must be interested in how they came up from this idea without any doubts on they’re capacity to trusted.

Oh he definitely just want to buy in dips like what JP Morgan did and take profit afterwards. Never mind him, it's another trolling in the community. ;D

When people start to think for themselves, many aspects far beyond bitcoin has te potential to change.
We are already in XXI century, with countless ways to find proper information about any theme, and masses still can be easily manipulated.

Why are bitcoin users still paying attention to all this selfish capitalists, they are out there to deceive you with they selfish ideology's and to keep you in perpetual slavery. All this forks has bad feelings for bitcoin because they are gradually loosing the grand to bitcoin, you read comments from,
First JP Morgan CEO Jamie Demon, Goldman Sachs' CEO Lloyd Blankfein. All they comments are just means to distract the mines of bitcoin investors and holder into fear but they always fail in they attempt to bring bitcoin down.

When you read comments like this, just sit back and think about this. Where are their money invested and what would they promote. Bitcoin is taking away Billions of dollars that could have pumped their investments and this influence the price of their investments. They will trash talk everything that has the power to diminish the value of their current investments.

These guys are scared and they are losing money with every dollar invested into Bitcoin. The $11 000 Bitcoin price high must have shaken their arrogance and believe that they would always be on top. Make some space boys, Bitcoin is here to spoil your exclusive <invite only> party. ^smile^

I hate to see people lose money, but when someone does something like this and the price drop, it's opportunity to buy. Though I wish the price wasn't so high. (Of course those who bought before me would disagree.)

I read this news on the Guardian newspaper yesterday and I wander why just comments from bitcoin's enemies should influence our trading decisions like this. I have also been following comments on reddit about this statements made by Lloyd and it seemed we have not understand how this people create fud in other to buy bitcoin cheap.

At one point they should understand that we dont give a f***. Those guys are hilarious. My take, Blankfein is bluffing, he's totally getting a strategy together and tries not to smirk as he denies it.

I wouldn't say it was calculated, though price effect of such a statement is clear. Wise investors and traders buy when "there is a blood in the streets". Great for those who expected the price to revamp.

Or is it just a coincidence? I can't really tell if it was the main or one of the reason why bitcoin price dips down. I think people won't just believe Lloyd Blankfein so easily, and if they, I don't know what kind of people they are, so stupid. I don't know what might be the other reason why bitcoin falls down, and I believe there is another reason. And yeah another attack on bitcoin, but let's just hope they eat their words at the end.

I thought Koreans dumped it? Did they dump it or not? The holders who have a significant share in the crypto markers belong to China and South Korea, so even if Lloyd Blankfein makes such a statement that's not going to affect the markets badly. People got a track of their stupidness when JP Morgan started his bull shit which apparently was a trap for idiots to sell at a lower price so that the big dogs can buy it.

It's normal thing when bitcoin reach the highest peak, it will go down finally.
Let's take a look for bitcoin value, I think it will attract new investors to invest in bitcoin especially when it already reached $ 10.000

Those know it all should really stop talking. They don't know anything about cryptocurrencies and they just keep on blabbering about things they know nothing off. Worst about it is that there are people that believe them because they have some sort of influence, because some people think that traditional finance also works on cryptos. But it doesn't! It's a new age and traditional methods do not work anymore because they are outdated and not actually applicable to the new world.

As we all know, the cycle of all investments is whenever they breached a new high, there will always be a drop afterwards, it is just a normal cycle for all investments, especially in the asset class. I think just what had happened before people will start talking negative about bitcoin, everytime ghey a smight price drop, however it will only take a short amount of time for bitcoin to rally back and in this case, wenare now seeing bitcoin regaining its strength despite the fact that the holidays are coming.

no need to worry in this mattery these type of people come in market to soil the price of bitcoin then they buy bitcoin For future and boom price back with bounce back power... every time this happens

just hold it and Buy Bitcoins when you think its dumping Coin

I don't think it was related. The market is volatile, we are getting a lot of new users coming into bitcoin, and a lot of them moved by FOMO (fear of missing out), which means that as big whales take the opportunity to cash out a little and move markets, those new users, since they don't have a clear mind about bitcoin, just start panic selling only to see the price recover again, since the same whales are now buying lower to repeat the cycle.

It was just a normal day trading bitcoin. The good news are, that every time this cycle repeats itself, it will be harder and harder to do it, because the weak hands will either disappear or learn and get stronger. This means that more people will hold, and the less volatile the market will be.

1. Those people are totally irrelevant in any possible way in crypto world. Their opinions are their own and are expressed based on their experience in the regular financial world and they implement those merits here failing to understand that some things are essentially different. Their only possible relevance could have been if they invested a part of the funds they control and try to influence the market with it.
2. I would not be sure that his statement was the cause for the recent movement. It was the expected correction and nothing more.

But look what it results in, even after the panic sell, even more people will get into it. Nowadays many are just waiting for this kind of opportunity to get the value slightly lower so that they can buy. Every time there is a slightly downfall in the value, it goes even higher in the soon after spike.
So appropriate thing to do whenever such nonsense is being spoken, is to ignore and go your merry way of hodling.

People are getting wiser than you can imagine bro! Ordinary stunt that China pulled only affected bitcoin to a very little extent, but how long did it last? Let alone, a shit talk from the mouth of someone no one really cares about? Sure, anyone basing their decisions on what guys like this are saying these days apparently should have themselves to blame later on and from what I know, previous weak hands, always end up getting stronger. Better they learn their lessons now.
Every bull run comes with a correction and that was what happened and is still happening now, people should stop paying attention to whatever these guys from the finance sector are saying. Their words do not have a single tiny effect on the market and whoever cares to panic sell because of them should really be ready to blame themselves in the long run.

if it's what he said that caused the price of Bitcoin down 20% I thank him because I managed to sell my Bitcoin at the price of $ 10120,
then I bought again at the price of $ 9790, lol ;D

the issue is one of the causes of the price down...

When there are FUDs, its always an opportunity to buy in the dip. I've learnt this long ago. But I fear the day when the FUDs will be real.
For the time being, I'm cautious about putting my money into bitcoin.

I think that this week sudden crash was a failed attempt of another so called bitcoin price corrections in which they try to dump the value and to make some holders to get panic but again they failed. I don't believed that simple words of this guy is related to the crash but it just a mere coincidence but if they insist that they really do the crash well they spend a lot of fiat just to be a failure in the end.

Mate, bitcoin is stronger than this and this remind of the time the Chinese government did a lot weird things which lead to dump in price of bitcoin while people start to panic their bitcoin. My advise to you is that don't panic sell your bitcoin no matter the comment people say.

Yes, the comment made by the CEO of the USA investment bank made did cause some dip but there's one I have learnt so far ever since I  step into crypto currency and the things is most of the millionaire/billionaire usually say some bad comment in other to cause panic which will open door for some quick buy. Whenever such things happen you know what to do.

These negative comments about bitcoin will keep coming and we will always take the opportunity to buy the fucking dip over those FUDs. That is just how it works and it is all part of the cycle. It all depends on the investor's view whether they get affected in such negativity or keep positive and ride on bitcoin's rise to the moon.

this seems to be because the new players are frightened by such news that so much every bitcoin rises so high there will be news that will shake up bitcoin prices because they are looking for an opportunity to buy bitcoins, do not get easily fooled by such fake news.

This is certainly not the good thing to happen because when the dip happens large there are many panic sellers who sells it. Thus if they have bought a big amount at high price and sell it considering the further fall and take a hit on losses, its possible that quite few of them will want to stay away from this and may end up losing some investors in such scenarios every time.

We all know how fraud or FUD affects people psychologically. Personally, I don't know how panic selling can be prevented. People are too afraid of hodling their coins just because somebody says what has been said in a negative way.
What if somebody said they will make bitcoinAss or something and it will rule the cryptoworld. Would they believe such thing ?
People should stop being paranoid sometimes.

It's well past the time for CEOs of banks, investment funds, hedge fund managers, etc. <insert financial instrument and high corporate position here> to have any impact on the price of Bitcoin. Bitcoin has dropped 20% and more plenty of times this year alone. On the other hand, it's also gone up with the same or more vigour.

Don't forget how it lost over 50% only years ago (although that was still in its market infancy and back then, China news had a stronger impact), so be prepared for even bigger, wilder journeys with Bitcoin. You did realise now this is one of the world's most volatile markets, didn't you?

Take a seat, switch the news off and hold.

And don't forget that after Jamie Dimon said "anyone trading Bitcoin in my company will be fired" we found people in JP Morgan buying the Bitcoin dip:

http://www.zerohedge.com/news/2017-09-16/if-jamie-dimon-hates-it-so-much-then-why-jpmorgan-buying-bitcoin-europe

These people creating FUD then buying the dip. They want to control as much bitcoin as possible. If they are not going to ban it, then they are going to take it away from people's hands with these techniques. Only the strong hands will have BTC.

Though these men has been attacking bitcoin since bitcoin get to the media, the coin keep proving to them that they cannot limit it progess and development as a future of money. Lloyd comments was a caculated saying to bring bitcoin price down in other to create a heavy clash. However, bitcoin has been making serious progress since the corrections that comments created and bitcoin is back above  $11,000. My advise is that we should be used to the way this bankers and the world financial experts attack bitcoin and forget about them and do our normal crypto currencies trading without panic.

Bitcoin always respect what people said. If he speak about bitcoin is fraud then bitcoin will just go down for some moment.
But after that, bitcoin will go break the statement to go higher again.

Definitely, we could expect more of these in the future. Many will continue to be a skeptic and not believe in bitcoin yet. Bitcoin is a new currency that is in our daily life for almost 10 years like the fiat money that has been believed by ages. Lloyd Blankfein may continuously give his opinion about bitcoin but for us who believe in it, we believe that bitcoin will remain it's value to many. Many have believed already, and we are counting more years to prove that bitcoin will make it.

A lot of people are using the bitcoin right now, there is no thing that you must feel worry about that. Day to the day the bitcoin become more and more stronger. This give a real reason to buy the bitcoin as much as you can while the FUD will come to the crypto.

Precisely. I think that incident is still fresh in a lot of people's minds, and buyers will now take that sort of superlative rhetoric as tapping down markets to make it suitable for cheap entry at dips. And it seems to have worked too... moving from ATH to near-$9,000 levels provided the perfect dip. Today it is back above $11,000 - that's an easy 20% profit, just to trade on the rumour they themselves sold.

Strong hands are getting fewer I guess, especially with some publicly cashing out to enjoy their newfound wealth. Good news to me anyway, cause I really need my 1 Bitcoin before the price goes to $15k!

It's normal for the bitcoin to have ups and downs, some people tend to panic thinking  to lose some profit. Bitcoin now is getting stronger and many wants to break it like making negative speculation causing some investor thinking undoubtedly. Btc will continue to grow and expected to rule the market.

Really? I feel the high time people stopped paying attention to these punks, the better it is going to be for the community. However, whatever trash he said was not what caused bitcoin's price to drop, kindly get your facts straight. Bitcoin was due for correction and that was exactly what happened.

You cannot expect a huge bull run like that to keep going without some corrections and that is really what makes the market healthy.

Another guy funny banker trying to put down bitcoin. Are banks becoming scared that decentralized currencies with immutable blockchains are coming? The banks used to control and dictate on everything but time is running fast as it get older and corrupt.

I single person cant affect bitcoin, its more about whales trying to get fuel from those stupid comments and make the dump and pump game became easy, since early supporters and investors might try to cut the loss, the only moment wich had affected bitcoin where China banning bitcoin mining.... and ICO, those fud had damaged bitcoin, wich were able to moove forward. Countries will try to put bitcoin down as in the past, 90% of them doest know what are talking about really soo ignore those people and make your investment.

I didn't even get to read his comment to be able to know that was what might have led to the fall of bitcoin price. I am surprised to have seen someone like you who is not a newbie reacted to news and by that wanted an easy way out by selling off your bitcoin. News like this should not be surprising as several have happened in the past  and bitcoin back stronger this is even not an exception.

I hope you didn't empty the vault as a result this because to get back in would mean you have to go source for  additional funds in other to measure up with the price.

Different comments both positive and negative in context to bitcoin are made on regular basis. If bitcoin was to fall due to such naive comments it would've never come so far.
Such remark does not manipulate Bitcoin’s value. The simple reasons of selling, buying and dumping determine its value. But all such comments in the past and at present have proved one thing that “War is on” and everyone has pulled up their socks to conquer one another. At the time negative comments wants to defame Bitcoin, on the other hand Bitcoin is approaching everyone to expand its market growth.

Bankers will never to give a positive comment to the bitcoin. The bankers are knowing the fact their statement will have published in various pers. It means if the bankers try to affecting the people's mind about the bitcoin. This just similar with jamie dimon. But The jpmorgan try to consider the bitcoin as valuable commodity at the end of the drama.
May be the US investment bank will be doing the same like what already happened with jp morgan.

The FUD created is vanished in a few hours when news came out that the derivative market will start running by December and the price started climbing after that,these might be calculated move by big whales just to manipulate the price and make a huge profit in between and with the speculative market coming up we could see these sort of things in the future. I expect to see massive fluctuation in the price next year.

Even the weak hands are getting stronger by the day as they understand that everything that most of this wall street asshole of finance guys are saying are nothing but nonsense. The market so far is so matured than it used to be and FUDs like this really no longer makes any impact.

The OP being a full member should know better by now that corrections are normal and while it might be coincident with what the Frankenstein said, it is no way what caused the value to drop.

You shouldn't listen to any bank CEO when it's about bitcoin, I haven't heard a single one say something positive about it since the beginning (however, the blockchain algorithm is another story. It could mean that even financial people from nowaday think it may be reliable).

Plus, don't mistake correlation and causality. The drop may have happen because of another reason.

Some Nobel prize winner did say something along these lines and did not see much of the market been moved and Lloyds recent remarks were just a coincidence that bitcoin temporary lost this 20% which I believe shows that it is not a mere speculative currency.

I think by now we should already understand that no matter what they say about bitcoins, it has no effect on the current state of the investors on it. There's so much interested in bitcoin that not even China could do it. Maybe that's just a coincidence really that when he release his statement bitcoin drop a little.

But it has rebounded beautifully to $12K today, so that effect is short term only, if indeed those words from the critics has impact on the price. I wouldn't listen anymore to those who are attacking bitcoin, the words coming out of their mouth is non-sense and complete garbage.

I hope the OP have understood what we all been saying here. And please don't bother to listen to those butt-hurt bashers.

It is no different than what the whales were already doing by manipulating the price of bitcoin, the biggest difference is how common and how big this going going to become since we are talking about whales among whales, they are going to use every trick to manipulate the price of bitcoin to get as much as they can at the best prices, which is why the strategy of just holding your bitcoin is going to be even more effective than before.

Oh yeah! I was looking at the chart and some of the occurrences, and the truth is that things are changing and the market is not really what it used to be like before. We might say there are still some levels of uncertainties but it cannot be compared to what we have had in the past. However, after every bull run like this, it is just very normal to see bitcoin having some form of correction which I felt the OP need to understand.

What people say in public, what they think and how they act don't have to align. In fact it's very clever to say one thing and do the opposite when people take your words for granted. 

Exactly my thoughts. I think its idiotic to expect wall street to be singing praises for bitcoin. People we are the competition. Off cause they will use every opportunity to bash Bitcoin.

They have multiple reasons to do so.

Jealousy, because they could only dream of the volatility that has almost been eradicated from the markets they operate on.

Striking fear and doubt in people so they can buy low.

Skepticism, because they can't believe their financial products are outperformed by cryptocurrencies. 

Another bankster that now wishes that he would have just kept his mouth shot. Funny how these guys keep ridiculing themselves. Thats some real amusement for our community. Perhaps he made those comments in the first place to spread fud so he could buy cheap.

due to the massive use transactions with bitcoin, some whales still buy, because whales have upside prediction on bitcoin prices. My concern when bitcoin has a saturation of transactions in  purchase item with btc . definitely bitcoin prices will also go down.

Yeah, bitcoin is an enemy to banks, since bitcoin allows you to make transactions with people all over the world without using banks at all, so it is obvious they are not happy about bitcoin, fortunately for us banks are not the only ones that have money around the world, many investors are looking at bitcoin and finding it a good opportunity to make money, so people are going to adopt bitcoin since it benefits them to do so.

Bitcoin's price drop is influenced by rumors from the CEO of US investment bank Lloyd Blankfein and you believe in his words, which makes people panic and sell it. However, I think we should believe in Bitcoin and have to vigorously hold on to it after every bad rumor, it has recovered and there are signs of growth, so excited about this.

There are only two possibilities he is so brainwashed that he thinks that the way the economy works is the only way it can work, or he knows what it is going on and he is trying to reduce the price to buy for cheap or is trying to destroy bitcoin in the only way they can, by spreading enough lies around bitcoin that normal people are not going to be able to separate fact from fiction.

It will react on every news for short time and after consolidation it will go up. That is nature of every currency. Few analyst saying, It is just start for the bitcoin, it may go 50% up from it's current price. So stay focused and keep tracking.

lol this so funny. who is this guy? is he powerful enough for bitcoins to drop whenever he makes a false statement? so many new names that was popping out lately, some of them are warren buffet, jp morgan, charlie lee, roger ver, etc i forgot some of them and now this is the newest and latest guy that keeps on balalantly accusing and discrediting bitcoin and some noobs think that this is the reason why price drops. what the hell is going on here?

Im not surely if comments only of some people will affects the price of bitcoin. Maybe it's all about on how the demand and supply affects price level.

it's all just a coincidence that Lloyd Blankfein spelled out is an opinion that Lloyd Blankfein talks of nonsense.
do not trust anyone else bitcoin go to the moon.

Don't pay attention to what these people say. They are always making FUD. They are actually buying them themselves, or they don't understand the block chain at all. Do not let them affect your judgment, do your own plan, buy it when you need to buy, do not hesitate! 2018 may be a year of the big bang technology explosion

it's down because a new player is panicked by the issue makes the old players very profitable because they are new players will surely panic and sell bitcoin at low prices and in accommodate by old players. so do not be fooled by such an issue.

Hmmmm, There are a lot of people want to dump Bitcoin price, some of them do that to make everyone don't believe in Bitcoin anymore, almost Bank system in any country are doing this, and some other do that to have chance to buy Bitcoin at lower price like CEO of JPMorgan Chase :)). We shouldn't worry about it, just keep holding and trading as normal cause there are nobody can be able to stop or kill Bitcoin :D

Honestly, the market is growing even more matured that these guys really need to start shutting up. If anyone wants to panic sell right now because of the trash these guys are spewing, then that is their call and they will have themselves to blame for it.

However, the OP trying to relate that rubbish said by whomever he calls himself to the recent drop in price is not right. Corrections are normal and it was expected. Traders will take profit, which is all.

Remember what JP Morgan said about bitcoins a few months ago which made bitcoin price fall and then he himself bought those bitcoins at cheap and make a lot of profits also. So  we not worry about the comments from Lloyd Blankfein or any other big celebratory. If you want to react to that, then just do the opposite like instead of selling keep on buying and you will succeed in your approach.

No, people are just making an assumption that since he made a statement and then bitcoin went down that somehow the two events are connected, most of the time the reason bitcoin prices goes down has to do with whales pushing the price down because they want to cash out, it is very difficult to any small player in bitcoin to manipulate the price that much that fast.

What did you expect from CEO of the USA Investment bank to say?! They all say that Bitcoin is a scam to protect their interests.
Also big whales spread rumors about Bitcoin to make small traders panic and sell low so they can buy from them. or just to make them
invest in other coins like BCH.
Bitcoin is strong enough and such rumors will not stop it.

It's the same situation happens with Jamie Dimon and the price will increase after that for sure.