Bankers are killing the cryptocurrency market

[jaredl]

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.

[1713852211]

1713852211

[Hamstead]

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.  

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.

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.

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.

[sampurna ubold]

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

[pinkflower]

So, what do you make of this?





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

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.

[Neerajkumar]

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.

[hastag_80]

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!





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

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.

[oriz345]

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

[Tungsten-1]

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!





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

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.

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.

[arpon11]

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.

[FLoving]

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.

[weav]

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.

[2Godbdglory]

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.

[patt0]

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.

[reymartH]

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.

[stompix]

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.

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.

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

[Bonsaiav]

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!

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.

[Silberman]

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.

[redsap]

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

[expert4knowledge]

You watch too many movies, there is no conspiracy lol

[Semosuchi Tesongrato]

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.