Bitcoin drop about 20% after Lloyd Blankfein comments.

[zanezane]

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.

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

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.

[Guzztsar]

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.

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.

[Yarsk]

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.

[Kakmakr]

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^

[techbill]

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.)

[okala]

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.

[maxxdxx]

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.

[damberg]

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.

[uelque]

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.

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.

[pugman]

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.

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.

[sukamasoto]

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.

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

[michkima]

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.

[ivrynx]

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.

[newinbtc]

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

[FrueGreads]

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.

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.

[salihno71]

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.

[shamzblueworld]

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.

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.

[haroldtee]

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.

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.

[Thymoty]

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.

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

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

[fempat]

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.