Bitcoin drop about 20% after Lloyd Blankfein comments.

[marcbitcoins]

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 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.

[posi]

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.

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.

[suzanne5223]

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.

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.

[fulmetal08larz]

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.

[putrisa]

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.

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.

[bitcoinisbest]

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 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.

[Shamie1002]

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.

[buwaytress]

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.

[neurotypical]

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.

[omonuyak]

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.

[Layonk]

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.

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.

[Malaya]

Bitcoin drop about 20% after Lloyd Blankfein comments

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

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.

[marks1976]

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.

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.

[buwaytress]

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.

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!

[Semaj123]

Bitcoin drop about 20% after Lloyd Blankfein comments

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

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.

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.

[sana54210]

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.

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.

[NJB18]

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.

[Rinder]

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.

[audaciousbeing]

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 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.

[Domenc]

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.

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.