Bankers are killing the cryptocurrency market

[sofi@]

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

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[fat buddah]

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

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.

[Waccamaw]

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

[Pleione527]

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.

[JL421]

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.

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.

[Canis Majoris]

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

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.

[Bous]

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

[StochasticOrder]

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”.

[Canis Majoris]

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.

[LightNestling]

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.

[RodeoX]

You watch too many movies, there is no conspiracy lol

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.

[CryptoView]

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.

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.

[Shikaina]

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

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.

[The_Dark_Knight]

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.

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.

[Sadlife]

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.

[Ilegendph]

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.

[pinkflower]

You watch too many movies, there is no conspiracy lol

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.

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.

[RodeoX]

You watch too many movies, there is no conspiracy lol

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.

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. 

[Canis Majoris]

You watch too many movies, there is no conspiracy lol

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.

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.

[RodeoX]

You watch too many movies, there is no conspiracy lol

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.

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?