Bitcoin drop about 20% after Lloyd Blankfein comments.

[X-ray]

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.

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.

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[eaLiTy]

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.

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.

[bitgolden]

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.

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.

[Nosk]

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.

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.

[BitcoinGirl.Club]

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.

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.

[Reatim]

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.

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.

[aeternus]

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.

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.

[upsidedown75]

[siz e=16pt]If you are panicing about a little drop, then look to whole history of Bitcoin. These manipulative shout outs against Bitcoin wont seriously stop its way up.[/size]

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.

[John Langut]

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. 

[CryptosapienZA]

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.

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.

[John Langut]

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. 

[bribed]

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.

[gredisgold88]

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.

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.

[aeternus]

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.

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.

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.

[Vohoanghiep]

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.

[aeternus]

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.

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.

[Prem.Soorajpaul]

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.

[imstillthebest]

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?

[CHENIEN]

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.

[wawanwawan96]

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.

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.