Bitcoin Forum

If not bankers, who would do such a thing?
What is happening right now is far beyond the whales.

PLEASE, TAKE A LOOK AT THE MARKET TODAY!

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Bankers are just doing this to blackmail bitcoin and altcoins to force governments around the world ban cryptocurrencies.

   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

Yes, most coins have received a severe blow in the face today. But what would you expect? It is not all beer and skittles anyway, and banksters are not going to give up easily. This had to be expected, we could only have hoped that Bitcoin would be ready for this moment. Though so much time has been lost in vain, in futile struggles and arguments. It seems now that major threat comes not from the bankers and governments but rather from inside.

naturally the bank is afraid because if we keep the money in the bank every month must be cut our balance while in blockchain there is never any cuts unless we transact, so people will be attracted to the full blockchain in the bank.

Sometimes I feel, what you say is the right thing.
But I have my own suspicions, other than bankers 'could it be The Global Elite' who did this? ...
Because as far as i know Elite Global is able to do everything including Cryptocurrency.

I mean The Global Elite is the world's No.1 richest person.

Nonsense. It's totally normal for bitcoin to drop like this. It has happened many, many times. Until we get down to $5000, it's barely even a crash.

News of China banning bitcoin exchanges and Korean government banning bitcoin shacked the cryptocurrency market resulting in major fall downs in their prices. Banks are not killing the cryptocurrency market. Mostly all the major banks are governed and regulated by the governments of the respective countries. They want to restrict the growth of decentralised currencies. These governments don’t want to lose their hold on economies. So these governments with the help of banks banning bitcoin exchanges.

You can beat it to the dead but can't kill it, what doesn't kill you will make you stronger

Source: my imagination.

Very reliable source, oh yeah!


He just thinks like that and wants to persuade us about it just by looking at cmc. Don't believe everything you read on forums. I suppose this post will get many shitreplies: "Oh yeah! ****ing banksters!"


Totally agree.

100% Agreed. That is far beyond the whales. I also believe bankers are somehow involved in this fall, but cryptocurrency will rise a lot until the beginning of February/18. We will see...

It is easy to blame others for their misfortunes. I agree that the bankers are afraid of cryptocurrency. They will do everything that the government has blocked the possibility of their use. But this is not enough. We are to blame for the fact that bitachon can not become a full-fledged currency. They all want to earn a lot of money and not think about the future. The main problem is the lack of agreement within the bitcoin community. When bitcoin will have the properties of the currency it will be impossible to deny.

The main reason authorities banning crypto currency is to keep their currency value high always. If crypto value goes high obviously fiats value would go down and the banks will be in chaos. These are all inter related with the current issues and dump in altcoins value being in red. Few banks have tried creating its own crypto currencies and this is the indication of business men finding the best source to gain more profits from the sources available. Does not matter what business it is.

Another conspiracy theory.
Bankers would probably be proud that you are giving to them such super powers to manuipulate the Bitcoi market but they have anything to do with Bitcoin price.
I suggest that you learn something more about cryptocurrencies.

Though I share the suspicion towards bankers, I don't think they have anything to do with the recent drop. It is more an effect of the recent FUDs  plus the market in Europe with the EU dropping from a 3-year high. Or at least those are a factor. Only just seen this in the news earlier.

The most that bankers would probably do with bitcoin is to try to get a share of it.

Nope. I do believe that whatever is happening is just because of two major bans currently that is China and Korea related. The whole world knows that in perfect sense and no one can change that fact. I don’t think bankers have to do anything about it really because they just don’t care about the decentralisation as it’s more unreliable according to them. We could have said that they are affecting it currently if crypots had to do anything with banking stuff. They all know how bitcoin is worst in case of transactions and transfers etc. so better to focus on our world of crypto in different way.

Of course bankers - and governments - are trying to kill cryptocurrency market: they just realized that the situation is not under their control, and they are just reacting.
Btw, they can just create some difficulties, but they can't stop crypto: the only way is to shut down the net...

I don't think so. Bankers and crypto exist at parallel world. Bankers - it's real money under local and global laws. Cripto - it's pseudo money. Everyone can start his crypto money. Why not?

Bankers has already continuing to waged war against bitcoin and crypto, but I don't know if they had a hand on the current market crash. This correction is deemed to happened, no need to over think what's the cause of all of this. Just don't get worried to much mate, its not good for your health.  ;D

We have seen this kind of event before, bitcoin crashed, bitcoin rebounded, bitcoin getting all time high. Rinse and Repeat.

The crash has something to do with the Asian market market. Some say its because of the Chinese New Year, China and South Korea banning everything crypto related. But as I have said, bitcoin's been there, done that already. Just have faith it in you will, and soon the price will many times, as we have witness in the past.

What would be the consequence if Wall Street poured so much money on Bitcoin? I wonder if so much downpour of money led to the crash or maybe that too many investors are overwhelming the market that the market cannot take in so much.

there are whales, in the market that trigger many other people to sell when they sell, first the fud and then the stop lost commands, this is going to return to normal very soon

it is not the banks I guess. something is happening in the market but I don't think its because of banks though we know they are one of those you will really got affected of having crypto currencies in the market but I don't think they can make such move to dump the value of cryptos this low maybe there is a market enhancement or correction that is happening now but sooner I know this will recover and we will be having a much appreciated coins in due time

of course, this has nothing to do with bankers. all this decline can be said reasonable because there is the impact of a drastic increase in late 2017. bankers are only those who want to take advantage of the fall in prices so that it can buy back when bitcoin down more deeply because of panic investors.

Why do you say it is because of banks? Yes it is true that banks are making black propagandas against bitcoin but i dont think that is enough reason for cryptocurrency to fall right now. There must be some factors though, i am not good in cryptocurrency but i noticed that everytime bitcoin is fluctuating along with it other coins are also doing the same. But i am not sure with my opinion but i dont think it is because of banks.

As it's hard to track Bitcoin users, we can't say with sure if the banks are behind this big recent drop. I think that is unlikely, the only way they could cause a big problem like that would be by holding a large amount of coins and selling it in mass to scare investors, only negative propaganda wouldn't be enough.

The prices are already recovering themselves, so it was probably just more one strategy from traders to dump prices, buy again and pump over again. The question is, who are the traders?

it's not bank I think it's the government of different countries who decided to banned bitcoin exchanges that resulted to a huge drop in bitcoin demand that apparently affects the value of bitcoin. Another thing is that all other coins decreases in value which maybe a price correction but I am hoping this will recover soon and give a much higher price to all coins

People make too much of a problem out of this market pull back. I too find that it's an extremely exaggerated market reaction, but it's still something that we shouldn't really be shocked about with no proper buy support.

I am sure that if there was more liquidity available, these panic sellers wouldn't be able to dump the price below the $10,000 mark. Let the market find out its bottom, and we'll be shooting up right after that.

If turns out that we have already reached the bottom, then the coming few days will be dedicated to people buying back. Fiat deposits posting in people's accounts will spark the buying process even more.

If you are a banker you will agree that BITCOIN is not used because it threatens you as a banker, so people do not want to keep money in the bank, because they have their own wallet. They will not use the bank transfer service because they easily move their funds from their wallet to someone else's wallet. And you as a banker can not arbitrarily print money while BITCOIN the number is limited and no parties are arbitrarily printing. Obviously this is dangerous, more or less so assumed.

That sounds like a straight conspiracy. I thought the reason was due to negative news out of South Korea.

Because the bank's business has been taken away by bitcoin, the bankers have used their money to unite the country through policy to influence bitcoin! In the absence of conflicts of interest, Banks and bitcoins work together, but in the event of conflict, Banks must limit bitcoin.

The bankers must be saying "everyone blaming us again for their losses?" lol. Theres no one to blame except ourselves if we lost some money by trading the markets. No one forced us to do it, we did it because we love to gamble and dont have any idea what we are really doing. We just put money in because we think it will pump. Well it can also dump, just like the way it did.

Nah. It's not like the banking sector is a monolithic entity that plans on crushing Bitcoin. It does threaten the current status quo, but banks simply have to adjust like they always have. Take Goldman Sachs for example, which has been very open to adopting cryptocurrencies to avoid getting left behind by the times. I'm sure majority of them aren't big fans, but I don't think they're taking concrete steps to kill the crypto market, and there hasn't been any solid evidence to make me think otherwise.

Either way, this is most likely normal market correction. Where we currently stand is where we stood at around the first week of December, so you could look at it as having erased the explosive growth that the media frenzy brought. I'm sure theories like this which promote a world vs. Bitcoin war perspective doesn't help though.

The market goes down because it was too hot before.
All those actually worthless new coins where many people put money in are now losing their artificially blown up value.
Bankers have nothing to do with that.
You can see that very good at the market capitalization.
Although bitcoin was increasing in price its percentage of market capitalization was declining.

I just understand that investors choose to transact with other coins (like ethereum which helped to double its price. Also, litecoin at some time got doubled , dash and waves. ) because of the hatred developed for bitcoin and this led to the drop of bitcoin. Naturally, when you don't have demand for a product, it price drops - this is a simple economic principle and theory.

Recently and late last year, if anyone has tried to do a transaction via bitcoin, you would see that the transaction fees were really alarming to the high side. This is a major reason that investors looked the other way and bitcoin had to lose a bit of popularity in transaction including marketcap.

Thus, I don't think a bank, bankers or whales are responsible for this deep. It is a retracement that is leading to a correction which would eventually push the market to another volatile. This has been the tradition in crypto market.

i agree. this is normal. price goes up and then goes down. there will be a point when the trend changes. a rise will be followed by a fall, and then followed by another rise like a ball bouncing. the spikes are influenced by development, innovation, general good news. the downtrends are a reflection of market's reaction to the fud, regulation policies, and the like.

nobody is killing the market. the market will continue to thrive. the crypto economy is thriving and there's no stopping it.

Why you the OP blaming the price crash of bitcoin to the bankers? Yes they are against bitcoin and other crypto because they can't control the blockchain to control the user's funds but doesn't mean that they are cause of bitcoin crash happened yesterday, and the time of this posting bitcoin is bouncing back so, if you buy bitcoins yesterday, you are very lucky.

There's a chance that bankers would kill cryptocurrency market but they cannot d that in reality, they are trying but cannot succeed. Current situation is different and this is due to some corrections happening in block chain, usually this happens frequently after a price rice to moon or before a bullish price rise. For sure in another two or three months Bitcoin would start the bullish drive.

So, what do you make of this?


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If a banker can say that, what do you expect?
Bankers are investing heavily in cryptocurrencies, period!

It is possible china and south korea are passing anti crypto legislation intended to prevent capital investment from flowing outside their borders. Their end goal is to keep money inside their country, rather than have it leave to be invested in the united states or other countries economies. That is one of the competiting theories for sudden anti crypto legislation in asia.

On the opposite spectrum, banks and the financial sector are some of the largest political campaign contributors and special interest lobbyist groups. And so to a degree, the recent spat of anti crypto legislation we've seen proposed in the united states and elsewhere might be traced to bankers as they're one of the few demographics who wield that type of political influence on a global scale.

In countries like africa, central banks have explicitly shown their dislike of bitcoin and crypto. The response in western nations might not be as obvious but it is possible africa speaks for all banks.

The thing is, decentralized stuff can not be "killed"...as long as its community still exists

I would have to agree because I don't see the recent market crash to be the doing of banks. Yes, it is likely that the recent bans has affected the price negatively but banks may or may not have something to do with it. It was but expected for there to be a price drop or correction to happen and time and time again, bitcoin has continued to recover despite the FUDs.

If you know bitcoin, then you would have to disagree with the statement in OP because the numerous supporters and users definitely do not keep on holding just for that reason.

You are not totally wrong to say that bankers have something to do with this crash. JP Morgan timed their negative comments exactly right after the Korea government comments to ban all crypto trading. They were just trying to add fuel to the situation.

But crypto markets are not controlled by banks, the majority of crypto are held by hodlers from years back. They are not bankers. They are selling to take profit during this period and buying back too. So those crypto whales are also partly responsible for taking advantage of the situation to take profit and buying back cheap.

anyway this crash is good for the crypto market. We have seen many crashes ( at least 3 in 2017) and the crypto market will always return stronger as each crash will take out the weak hands who do not believe in cryptocurrencies and just want to profit in the short-term, hence these weak hands feel fear when market moved down.

After this crash, the crypto market will be even stronger. I have been buying some altcoins as it is selling down..so I have been accumulating many cryptocurrencies as it is cheap.

The next boom will be even stronger than the last one and bankers will be putting money into the crypto markets too.

Agree with that, people who are doubted with bitcoin will really worries not knowing that this is are normal and commonly happen in the market. I know banks hated bitcoin and making ways to divert the communities trust in crypto but it won't succeed. Even though bicoin doesn't receive a 100% acceptance globally but it really create a great history and it gives courage for the incoming investors.

too late, BTC is already famous. That would make it difficult for the Bankers themselves eventually

He's right to some degree. But BTC as a platform is also a technological breakthrough thats changing the world. A system of payments with no counterparty trust, taking away any clearing houses, any middlemen and banks. That must be worth something, and if the market says its going to be $1,000,000 for BTC1, then thats the price.

At now bitcoin has become so famous that it's impossible to kill it.Whatever the banks do it's not going to affect the crypto currency any more instead in future there is chances that even may banks start dealing in crypto currency in order to gain more profit and to kill the crypto currency it's totally impossible to do so.

Maybe the bankers are threaten now,the of being popular of bitcoin in this new regime of bitcoin in this new legacy,thats why  they just doing blockmail to the cryptocurrency to forcing the government to implement world ban,of all digital currency.maybe this doing of the banks is below the belt to us,and all we bitcoiners will be affected,but we still believe that crypto would not affected this kind of issue and we still continue,our way of doing bussiness in the market.

lol it's funny bankers should talk about crypto after the damage they have done  :D

All the bankers which are there in this world know this thing that if bitcoin and other crypto currencies somehow managed to get legal, then their survival will be at stake. They are afraid of their own risk and because of that they are trying to create a negative image of bitcoin amongst the common people. All the cryptocurrencies are very much capable of ruling the world and making this world a dream place to live.

You might be right but since we don't have any proof we should just hold our mouth because we may not be saying the truth. However, majority of the price manipulation we do have in financial system always emanated from banking industry. Since we have some reality from south Korea that some of the regulatory officers manipulated the cryptocoins market I therefore believe that power individuals were behind the last dump.

The bankers do not have control on our bitcoin but only we the owners of bitcoin have control on our bitcoin and the price. The bankers have only given a statement but the users of bitcoin became too much afraid from that statement and they all started to sell their coins and they all lost a value of their money. If we will not afraid and we will stay strong with bitcoin and will continue our work with bitcoin and will support it then no one can kill it.

Well this crash has happened every year for the last 4 years in January . If you follow the charts from the last years we will be in a bear market for the next 1/2 months. Im just wondering if the bankers are playing a long short with the bitcoin futures . The time when the futures ended there was a big dump and when the new futures started a big pump. I'm not sure if they are playing the market but i would be easy for them to do so.

Bankers will like to discourage many people From doing bitcointalk because many business transaction will not take place in bank because transaction will take place outside bank through the internet.

Why did you say that what happened is far beyond the whales? I don't know at what exchanges you trade, but every time I go to an exchange, like gdax, bittrex, poloniex, and some other exchanges, I see a very thin order book. Whales just need to put a wall on a side, and that itself will make the price go down, since people need to take market price, otherwise they wont get their orders filled since they have that wall there. They can then make a move, that doesn't need to be that big, and will start to generate some panic (either panic sell, or fomo, depending if they are buying or selling).

And I'm not even talking about Wall Street whales. Once they get into the market with decent funds, they will do whatever they want with the market. Anyway I wouldn't worry because they won't sell forever, since they like the profit they take from BTC, and they don't want to ruin it to much.

Big governments cannot tolerate Bitcoin, the digital currency that threatens to break their monopoly on printing money, and to manipulate the economy to accommodate the interests of powerful elites.

Again with the bankers that are killing bitcoin...

Let me ask all of you that believe in this conspiracy, if bankers would really want to kill crypto, wouldn't they unilaterally  shut all bank accounts owned by exchanges?

Do you really think they are waging war by pumping and dumping bitcoin?
Are we really in middle school thinking this is even possible?

If they would want to hurt bitcoin a single announcement that a bank has frozen all Coinbase accounts would be more damaging that what you have seen this entire week.



I really wish sometimes that there is going to be master plan put in motion and people would be banned "From doing bitcointalk".

As long as the cryptocurrency stands, as long as 'that' the banker and the government will fight it, no word 'finish' if one of them is not destroyed. For a long time the government has made the bank its weapon, but the bank itself is not able to suppress the movement of cryptocurrency significantly, LOL own bank turns out to serve the exchange of crypto currency into cash.

While I do not have any doubt that is a possibility how could they make all those coins go down when they are not holding coins in the first place, the ones doing the markets to go down is those that hold coins, so in a way it is our fault, people get too scared whenever a bad news comes and suddenly even the smallest thing creates panic, people need to get over it and hold or lose money as a consequence of failing to do that.

it seems normal to me if drop below 40% like this, maybe you will scream if you see it drop 70%
they can't play with cryptocurrency market if they can play maybe they have 40% stock of bitcoin in their hands, and that is still imposible for me

You watch too many movies, there is no conspiracy lol

What you say it's not completely accurate: bankers are TRYING to kill the crypto market, and you can bet thay will use any method at their disposition.
But - even with the help of governments - they very unlikely will succeed: cryptocurrency were created to bypass governments and banks power.
So, we'll see a big war, but I'm pretty sure that they won't win it.

I don't believe banks are really killing the crypto currency market although you are right that they don't want cryptos because it could somehow be the reason why banks are going to die but the way I see it instead of killing cryptos banks are trying to find ways were they can offer services so that they can support the digital economy in fact banks are the one who first help people to convert and cash out their bitcoin and transfer it to their bank account

Exactly, they are just manipulating the price, why do you think that the price is a huge rollercoaster? It has been between $9000 and $12000 for a while, and now the price is going to drop to that price again. They are only trying to make profit.

bankers have control of real life they making news to destroy bitcoin.
they try to kill cryptocurrency market but people smart more than just follow this fake news.
in future bitcoin will win

Banks have no control with regards to the pricing of bitcoin and all other cryptos even if they want to kill them it is very decentralized that no government and institution can help making cryptos disappear the reason why cryptos value falls is because it needs to adjust to the current situation of their market demand but surely this would not take long and their price will pump again soon.

Banks cannot simply just ban btc or cryptocurrencies. They maintain a monopoly over cash and thus are worried that their customers will shift to crypto instead of approaching to them. Btc's prices will rise up it's just a matter of time.

The governor of the central bank of Germany recently said that cryptocurrencies need to be regulated at a global level because national and regional regulations won't suffice. What that means for Bitcoin and other cryptocurrencies is everyone's guess. Since its inception Bitcoin has been enjoying almost complete lack of regulation in most countries but these times may soon be over. Banksters will never let it go again.

They would love to kill it but they will never can.

The long-term goal of the bankers isn’t to kill the cryptocurrency market it’s to control it. One of the methods they always like to use is to create a crisis then position themselves as the solution. It wouldn’t surprise me if they end up manufacturing a crash or a large security breach at a major exchange while standing by ready to pounce saying “see we need some order and regulation in this market”.

They are trying to control it simply because they can't kill it or killing it in the literally sense of the word, when no one would be using any cryptocurrency, would be prohibitively expensive. They are just trying to make crypto contained at least and irrelevant at best. You cannot kill a hydra but you can still put it in a cell. That's what they are basically trying to do.

They maybe one of the reason as to why market is having a crash but it doesn't mean that they can totally control how the market goes. Some of the reasons why market is going loose these days is because of the numbers of pump and dump groups trying to manipulate the price.

Agreed. What I have yet to see, after 7 or 8 years of reading about how some banker or government is going to destroy bitcoin, is HOW they are going to do it. I will continue to ignore these threads until there is at least a viable theoretical method for crushing bitcoin.

The banks have power over the current economy, and as a result, we are able to create huge waves in the cryptos markets to play the game they have always played in the traditional markets. If we let them take too much of the cryptos, we're dead.

Ya but in my place, aside from banks are not in favor with cryptocurrency, they are even making block propaganda about cryptocurrencies. They are destroying the image of crypto and aside from that people o cryptoers do not want to put their money the in banks in fear of being taxed if found out they they have huge amount of money saved there.

But there is an even bigger issue even if they cannot kill bitcoin directly they can regulate it to the point the average person cannot acquire it and even if that is unsuccessful they could always join us, they can buy all the bitcoin of the world with their fiat since there is not a limit to the fiat they can print, this could crash the economy and send it through an hyperinflation spiral but at that point they will not care about anything except preserving their positions of power.

When you look at the history of crypto currencies you'll know that corrections are for the good health for crypto market. It is not always in a state of going up even other resources such as gold falls down. From your rank a senior member you should know, that the world of crypto currency is very volatile that's why it enables us to make profit from dips.
Unless you could show us that bankers are really behind all this then thanks to them we can buy cheap coins.

Yes its true, its natural for cryptomarket to go at extremities and even beyond the bollinger band. That is the reason why it is called volatile type of investment, its something that you can earn a lot or loose your money in full but one thing is for sure, the cryptomarket will stay alive upto when people find it very useful specially as an investment and freelancing.

Maybe its not about how the government destroys BTC, but how they regulate the hell out of it and make it very hard for ordinary people to use.

The exchanges are the weakest links if you ask me. They might start attacking those.

But who, banks? banks have no legal authority. On what legal grounds? Why do I have to use an exchange? I spend my coin not sell them, so I don't need an exchange. And if my government were to "go after" me... I would just move to another country and take my money with me. 

I don't think you will be leaving the Earth any time soon. Because it is not about some government going after you. Today they are all after you. Well, not quite today but you get the point. If all major countries collectively outlaw Bitcoin, where will you go? Exchanges are the weakest link but they are not the only link in the chain which connects you and your bitcoins, metaphorically speaking. And they will find a way to sever it.

I do understand what your concern is. Banks could use their power to lobby for laws that restrict bitcoin, etc. I think that is happening to some extent. But their power is limited and the world is a huge complex place far beyond the control of banks. 

Banks are in competition with each other and could make huge profits servicing bitcoin. It may be just the ticket for some small bank to explode. Why wold such a bank want to hurt bitcoin? There is also the problem of people just using it anyway. There is no central authority to stop me from using it. And the government has not complained to me about the checks they receive quarterly. What's their incentive? 

I agree with you because here in our country our Central bank is very supportive to crypto currencies in which they help us by releasing a guidelines on how scam sites will be prevented and also our major banks are in partner of out local exchanges in which we could cash out our converted fiat over the bank counters directly so therefore banks have nothing to do with this crash.

i think the op is confusing market caps with real money. you couldn't take 1% of the market cap out of most of those coins without them collapsing to zero. those huge volumes are the same coins being cycled around the exchanges.

it's not bankers. it's people. most people are greedy and they're seeing crypto as the easy way to get rich. that's what people want.

I also see what your point is. Banks supposedly could make some profits working with bitcoins, though I doubt if they would be huge. First you say yourself that you don't need exchanges and likely neither do you need banks so you are sort of contradicting yourself here and your claims. And then Bitcoin is not used anywhere near to being universally accepted in the world even if the world is "a huge complex place far beyond the control of banks". In short, it is not so much about you using Bitcoin as it is about other people using it too.

    I know right? Just doesn't make sense. Which is why i wanted some proofs that can back up this claim. Solid ones. Because even though the cryptos are completely unpredictable and anything can happen, every claim is just as good as any claims out there unless proven true by the one spreading the fud.  Having said all these, my stand still remains. I won't believe this crap unless proof is presented here on this thread.

Of course they do not want to lose control and profit. Making the world completely decentralized is still a utopia. At this point it is a source of profit and some illegal action. But I hope that the situation will change.

We don't need to make the world completely decentralized at one go. Rome wasn't built in a day. It should be a constant process even if we have to retreat sometimes. Crypto has shown us that decentralization is certainly possible thanks to cryptography. If governments manage to collude in their crusade against the cryproworld, they may win some time for themselves. But everyone and his grandma already know that, first, it is definitely possible to decentralize the world, and, second, they are very, very afraid of that, which proves the viability and possibility of such decentralization.

The right sentence should be "Bankers are TRYING to kill the cryptocurrency market"
And even in this case I agree only partially.
All the bankers want is to keep control on the financial system, and bitcoin is something they can't control.
At least for now.
So, we can expect all kind of tricks from bank and governemnts.
But I'm very positive that thay won't succeed, even it will be a bloody war.

Yes corrections are good for the progress of bitcoin.I would say that instead of sudden increase in price in bitcoin and reaching ATH price of $20,000,it would be far better if the price rise slowly.Overnight success should not be expected.I have been in this crypto market for the past two years and we have enjoyed each move by this marvelous crypto currency and we never expected bitcoin to reach such an ATH of 20,000 dollars within a month and we were a little bit shocked instead of enjoying it as we clearly know that it's not at all good for the progress of bitcoin.But not everyone especially newbies think like that.

Still bankers are closely connected with governments. The Chinese government admires the technology that underpins virtual currencies
and wants to reap the benefits. It is prodding its big financial firms to experiment with blockchain. But officials obviously believe they can do this without
having to tolerate the currencies themselves.

I don't think they really want to kill the cryptomarket: they only want to profit of it and to keep the control.
I suspect that very soon any bank will have its own currency, and will try to convince its client that it's better than bitcoin.

bankers wanna profit from cryptocurrency and not destory it...

Well, the sad thing is, not everyone sees this. What these newbies want are straight and fast price rises all the time. These greedy bastards want this to happen because obviously they want to get very high profits amd when they already get what they want, they will relentlessly dump all their holdings and ride through the sun set on their Lamborghinis with their hoes. Well guess what, it doesn't work that way. People do not have the same mindsets, and the same needs and wants at the same time, everytime someone wins, there must be someone who takes the loss. That is how it works here in the crypto world. The earlier you accept the truth, the earlier you will be able to adjust and get used to this trend. Just sayin,'.

I do believe that the fall on prices is very normal due to high increase in a short period of time and the correction for the sake of the market needed to come, it is ok I guess.

No that is just people taking a pounding and panicking because they thought they could make some easy money and now they are discovering they are going to lose all their money and they were never prepared to face the consequences of trading in the first place.

I don't think that the bankers are the killers here because in fact, the cryptocurrencies are the killers here because they are killing the bankers slowly but surely which i agreed about because this is the time for the centralized people to get off from our economy and let us, the decentralized people be the superior because it is about being equal and not depending on those centralized organization.

Correct me if I'm wrong, but isn't this called a zero-sum game when someone wins someone else necessarily loses? And this is even truer with respect to speculative markets. If Bitcoin got wider adoption in real life and commerce, peeps could spend their coins on real things, and that wouldn't be a conflict game. But as long as bitcoins are bought with the sole purpose of selling them later, this will remain a selfishly optimal strategy. Here I refer to your statement about people relentlessly dumping their holdings and riding through the sunset on their expensive cars with whores.

I’m aware they want to create a state-backed cryptocurrency, but that is no good reason to fight Bitcoin. By the way, if they create a state-backed cryptocurrency, it won’t be decentralized, but rather CENTRALIZED. I don’t really think it’s banks that are fighting against Bitcoin, although I do see economists saying all sort of things, I just think the reason is that big investors are withdrawing the profits they have made so far.

This is the real point: bitcoin, banks, governments, bans, and so on are just details.
The war is centralization against decentralization.
If the idea of a decentralized blockchain will work, it will be applied to so many thing that will destroy the idea of traditional power.
And it seems normal to me that traditional centers of power don't like this trend and try to stop it.

Banks will always fight with cryptocurrencies because they lose the opportunity to make a profit. They do not make money on granting loans, they have no control over the flow of money. That's why they can not accept it.

I do not think that bankers can kill the crypto currency market. Crypto currencies life span is not in their hands . The communities of crypro currencies are the ones that will determine what happens to it.

and yet, to date, quite a lot of bank employees have been speaking in the mass media with statements about the negative consequences of using crypto currency. Thus, it can be concluded that the banking system starts active activity on the black PR of the crypto currency.

I think that the potential negative sides of bankers here are not even close to what bankers themselves are thinking about crypto currencies. Simply put, crypto takes out the services banks offer to people, and for that reason are frightened just by thinking about Bitcoin as main crypto. These bankers probably were of believe that they could operate for many more years without giving people that extra convenience and usability, but that has officially ended after Bitcoin's entrance. It's no coincidence that since the last few years, banks have significantly improved their services and customer support, where before they didn't care about their customers anymore. That's what I consider to be a fantastic development.

Bankers don't really want to kill bitcoin; they just want to enter in the game (as now they realize the importance of bitcoin), and want to buy at the best price. You can bet that in some weeks, after the big shopping will end - the price will rise again.

I don't think that bankers and government can kill cryptocurency but yes they can banned but some people right now they can manipulate website so that they can enter in cryptocurrency world even thou it is banned. Some of the employee of banks was they didn't like also the cryptocurrency just because of they think that it is bubble. But here in my country some of banks adapt the nature and partnership in cryptocurrency.

It may be true hypothetically but if we are to stay honest to ourselves, bankers don't have to be afraid of anything, at least not yet. Bitcoin didn't become a competitor to banking services despite all its past warmongering rhetoric. It couldn't solve its scalability problem and is about to collapse under its own weight. How big is the blockchain right now? Around 150 Gb, if I'm not mistaken. And just imagine what's going to happen if the number of transactions grows a few times in a short while? We would be stuck instantly! The current system is not just unscalable, it is quickly becoming completely unsupportable.

The opinion makes sense to us to be honest but it's far too early to confirm such big of an allegation considering that the accusations are big and controversial. However, we must support the banking industry as well as we couldn't transfer our cryptocurrencies into tangible cash without them. For now, let's gather enough plausible evidences and act based on the conclusion

There are some rumors about the wall street boys who controlling with some whales the up and downs of bitcoin. Combined with the futures tradings, there maybe some people who are making a lot of money. But the other side is, that the volume on the futures are so low that its impossible that they can controll the charts. So i think theres really some whales behind who controll this, but i think they do it in another way which is unknown for us. So the most important thing is, that we as a community stick together and dont let us fool by those people.

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Banks have their own interest in influencing bitcoin. They are pressing governments to introduce laws regulating the trading of bitcoin. Banks are profit oriented and cryptocurrencies take them away. Therefore, they will fight with bitcoin all the time.

Progress of crypto is not in hand of bankers and I think crypto is the key which will end the banking system and that’s why bankers are worried about bitcoin and other emerging coins and many of them are spreading rumors about crypto to divert the attention of people from it but as now community is growing day by day and bankers worries are increasing because once the crypto will cover all region then banks will be gone.

Banks and crypto currencies are like “enemies forever” now. Well, bitcoin poses a big threat to banking system. It is totally opposite to their interest rather opposes the purpose of banks. A far better way of saving money and more profitable also.

I think banks are gonna counter this problem by accepting bitcoin and all other crypto currencies. At present, they are not in hot waters because crypto currencies are still unknown to majority.

Banks are agents who makes money out of our money as we all know and this would come to an end if governments accept bitcoin. If bitcoin is accepted as legal tender for transactions there is no necessity for a bank to exist, in this scenario banks are forcing the government to ban if they have goo command in the government and if there is no command for banks with government, then they need to adapt crypto currency as their future currency. The second one I've mentioned would come in to place soon.

If they are killing it then we can not do anything about it because well we are just so small in front of them.  ::)

The idea of decentralisation came and was accepted initially by everyone and we can clearly see that the banning stuff started when the prices of the bitcoin skyrocketed. This clearly indicates that how they reacted on the bitcoins hike when their balance started to disturb. So I believe in your imagination which is my imagination too. :-)

If they had no problem then why they did not dropped the idea of Bitcoin coming into market when it stated in 2009. Its really thinkable.

Exactly, but it can't help them because already cryptocurrencies are ruling the world and already many companies are making the partnership with other vendors by paying them through the cryptocurrencies. Still, bankers are forcing the government to ban the cryptocurrencies.

Sometimes it goes like this and it's normal to happen. Though banks are getting worried for crypto but it is no a reason to blame them as a cause for this huge dip. Prices may always change and varies through the demand and supply in the market.
I think this huge dip had already happen before at early stage of crypto world, but only few have been a member on that time. So we don't need to worry so much for these, it won't last for long.

I would like that to be true but it is simply not so. Cryptocurrencies are ruling speculative markets and online gambling, attracting a lot of money from unexperienced people, common people, but in commerce cryptocurrencies are below detectable. Companies that you may think of as accepting bitcoins are actually accepting fiat because 1) they are not interested in crypto as such, and 2) not many people use bitcoins or other coins for payments. And it is still not quite clear whether Lightning Network and similar technologies enabling fast and cheap transactions are going to change anything in this regard. Bitcoin needs to stop being a speculative asset in the first place.

I think that the reduction of all pennies has nothing to do with any bank, maybe it's a bull market or any bad news. No bank has enough financial power to manipulate the virtual currency market because it is so big. Besides, I still know a lot of banks accept Bitcoin trading as well as exchange them. This makes the bank more and more dynamic.

i wouldnt be surprised if bankers soon lead the market. there is time for everything

It's the whales who dump their holdings tremendously every once in a year. Bankers are definitely not behind this, at least for this time. That market crash had nothing to do with bankers to be honest. However that crash was recovered within a day, so nothing worry,and take a chill, have a beer.
Bankers can try convincing the governments but if the people want things to go otherwise, the government would listen to the people than to banks.

At some point they do have some effect but still they did not win because we have seen that the price of bitcoin nowadays was still high compare to the price last year, this means that whatever manipulation of the price would take place still nothing would happen as bitcoin is stable enough and has proven enough that it cannot crashed down as to what bankers wanted to do.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

It is pretty easy for them to control the market with bitcoin futures , you just have to pump enough money in both.
I'm not sure how big of a hand bankers have in the whole cryptomarket , but the last month the whole market moved down at the same time.

Bankers are only trying to protect their interests, and to kill the cryptocurrency market it's not a good idea.
They are looking for a way to profit of it.
And to make the price fall to buy cheap is a GOOD way to make a profit...

I agree with you mate, If the op show off enough proof of evidence about the issue, then there's a possibility that it might be true but if nothing It seems will belong to speculation. Anyway, since bitcoin or cryptocurrency decentralized nobody can control it, even a government.

I do not think that bitcoin is a bubble, but his claim that the only reason to buy and sell bitcoin is to make money is not so far from the truth. It is not the only reason but surely the reason for most people. And if you trade you can lose! If you use it as a payment method like originally planned, then high or low prices does not matter. Only the traders have a reason to cry!

All central banks are against to Bitcoin, last year the Danish central bank called for those who are willing to invest in BitCoin to be prepared for the risks and that financial regulators should not be blamed for possible losses.

I think if the bankers really care about the future of technology then I think they don't deny the cryptocurrency and they will give support cryptocurrency because from time to time, new technology will come out and if they don't follow and give support, I think they could not make any profit at all. they should realize that the new technology will be work with them and deny or not, the new technology will do the jobs to do the best things in the each of job.

Maybe it’s best we stop blaming banks for the going down price of Bitcoin. I don’t think banks has anything to do with this. It is caused by people who are withdrawing their investments, and not banks. And for the new cryptocurrency that is coming, I’m not really sure how that is going to work 😇😇 but I’m very sure that Bitcoin will be able to compete.

People think of Bill Gates, but it's just a target for distraction...while those who have REAL money can operate without being detected.

The truth is Bankers are really in trouble. They are so scared that someday fiat will be trash and people will jump to crypto currency. So some of them are paying a huge to make a hype that crypto market will crash. Some of them are so wise that they are investing Bitcoin. Look what JP Morgan did.

It is not that corrections are good or bad, corrections are necessary, many people think of corrections only as the price going down after a pump, but corrections happen in the other direction as well, when there is a dump most of the time it goes below the floor of the coin and after some time the price recovers, so corrections are necessary since the distortions of the market are eliminated through it.

It is expected that bankers would try spread FUD to the people because they can see that in the near future when they would not do anything to prevent it then their business would just crumble. They are trying to manipulate the market now by shorting in every possible bad news so that those people who are encouraged to invest would just back out and just let their money sit in the bank since they would think that it is not profitable to invest on it. When we watch television, the ones who are speaking or being invited to discuss about cryptocurrency are those who are just recently involved in it (familiar with Tai Lopez) and those bankers who just say every thing negative just to discourage others.

Bankers are in great worry because bitcoin has drenched large amount of people toward itself and at the end banks will also accept bitcoin to survive because world is moving toward the advancement and people are very much attracted to the bitcoin because in bank they don’t get enough profit but in bitcoin they get more than 100% profit and this shows that’s banks were only making money for themselves not for peoples.

That is true that banks are afraid but they their own startegies how to cope up with these. But at this point banks are trying to handle. For now they can't kill easily cryptocurrencies because many people prefers bitcoin as their job and cryptocurrencies as the formation of transaction. Aside from easy way to transact it is also an advantages for all.

Well it was bound to happen today or tomorrow! The elite rich group don't want to give power to others and distribute powers to the commoners! They want everything to themselves and for obvious reasons would do everything in their power to stop the powers that may take away their wealth. Eventually I am sure they will use the blockchain technology and their own powerful mainstream media to deviate people from the actual areas to where they want people to be! Thus retaining their wealth and power :) I am sorry but this is how it is going to be for the remaining days of this planet :P :P

Bankers really need to protect their assets and they are experienced ones so they know what they are doing, They did it because they smell something will happen very worse or they call it a big bubble. Price of bitcoin and altcoins will increase soon as decrease is part of fluctuation and so the increase are coming for it. Let us just wait for another happenings its too early to predict and january is a moth of decreasing value of coins as i study it.

If they can send it into oblivion, they don't need to buy any coins of any cryptocurrency. The bankers and the governments which are their puppets have enough resources to do essentially the same without buying anything. Buying coins would actually be counterproductive because that would mean accepting crypto. The governments can just ban it directly or if they can't, they can make it legal first and then regulate the hell out of it until no one uses it.

Banks has nothing to do with bitcoin and the survival of other crypto currencies rather these digital currencies had made the survival of banks very tough. People are not ready to store their money in their bank accounts because the interest rate offered is very low as compared to the rate of profits offered by digital currencies. Well, I don’t thinks so there is any currency which is able to beat bitcoin. Bitcoin is the legendary coin.

It is unlikely that anyone is going to get destroyed, banks cannot destroy bitcoin, they must realize that bitcoin is resistant to any kind of control, but bitcoin cannot kill banks either they are too powerful and they are not going to lose everything they have fought for just because something better came along.

Finally, it is February now in which i heard lot of good bitcoin news and development around the world like South Korea will not ban digital currencies, The Netherlands will focus on digital currencies , Japan regulations to ensure stable Bitcoin and etc. But still the Bitcoin value is slow moving or looks like to consider no movement at all in the market. Is this still a price corrections or a market conspiracy in which the banks are behind of this crash?

But if im not mistaken, Central Bank of the Philippines announced that they acknowledge bitcoin as an investment. Banks has nothing to do with the manipulation of the bitcoins price nor killing the cryptocurrency market. Actually, they can add bitcoin on their investment list and they are the no. 1 qualified channnel of bitcoin exchanges around the world.

How can it possibly be so? Apart from cryptocurrencies, there are a lot of other investment options like stocks, bonds, ETF's, derivatives, and many others which I'm simply not familiar with. It is said the whole derivatives market is mindbogglingly huge and estimated at over a quadrillion dollars. The whole cryptomarket with its cap around half a trillion dollars is simply minuscule beside these markets. But they didn't kill banks somehow, so why should crypto? Bitcoin and others aren't used as currencies anyway, so what real impact could they produce on the banking system?

Here you can see big Bitcoin is in comparison with other markets. The chart is somewhat dated, I know, but still:

https://i.imgur.com/AdwIxnI.jpg?1

And I would not be surprised if soon we learn the information that the biggest bankers are the richest cryptocurrency holders. They also invest money into altcoins and Bitcoins, and they earn much more than the average traders.

Don't panic.
Fluctuation like this is normal given that cryptocurrency is so volatile.

It's dangerous to think that bankers kill crypto currency. Seems like they are trying to pull it down so thal we cannot benefit fom it. And with that, we'll definitely go against it for we want all this coins to give pleasure to us.

Banks in general control the level of prices. The hate towards bitcoins by bankers is acceptable since their work of nature is about regulation. Bitcoin is decentralized and unregulated therefore bankers are skeptical about its price. Furthermore, bankers are there to ensure the flow of money is safe and is working fine. They are also there for loan management. Bankers play a big role that people always gloss over.

I do not think that it is so easy to do. Because the user of cryto currency is now increasing tremendously, no one can stop it. In modern time we can say that peole will give more preference to cryto currencies and so the use of fiat currency will gradually decrease. Because it is more easy to use bitcoin or any other altcoin for shopping and trading puroses as compare to fiat currency.