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Author Topic: Bankers are killing the cryptocurrency market  (Read 611 times)
pugman
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January 29, 2018, 09:41:09 PM
 #121

It's the whales who dump their holdings tremendously every once in a year. Bankers are definitely not behind this, at least for this time. That market crash had nothing to do with bankers to be honest. However that crash was recovered within a day, so nothing worry,and take a chill, have a beer.
Bankers can try convincing the governments but if the people want things to go otherwise, the government would listen to the people than to banks.

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January 29, 2018, 09:46:01 PM
 #122

I think that the reduction of all pennies has nothing to do with any bank, maybe it's a bull market or any bad news. No bank has enough financial power to manipulate the virtual currency market because it is so big. Besides, I still know a lot of banks accept Bitcoin trading as well as exchange them. This makes the bank more and more dynamic.
At some point they do have some effect but still they did not win because we have seen that the price of bitcoin nowadays was still high compare to the price last year, this means that whatever manipulation of the price would take place still nothing would happen as bitcoin is stable enough and has proven enough that it cannot crashed down as to what bankers wanted to do.

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January 29, 2018, 09:49:51 PM
 #123

   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

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January 29, 2018, 10:18:22 PM
 #124

   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.
It is pretty easy for them to control the market with bitcoin futures , you just have to pump enough money in both.
I'm not sure how big of a hand bankers have in the whole cryptomarket , but the last month the whole market moved down at the same time.

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January 29, 2018, 10:23:31 PM
 #125

Bankers are only trying to protect their interests, and to kill the cryptocurrency market it's not a good idea.
They are looking for a way to profit of it.
And to make the price fall to buy cheap is a GOOD way to make a profit...
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January 29, 2018, 10:37:25 PM
 #126

   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.
I agree with you mate, If the op show off enough proof of evidence about the issue, then there's a possibility that it might be true but if nothing It seems will belong to speculation. Anyway, since bitcoin or cryptocurrency decentralized nobody can control it, even a government.
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January 29, 2018, 10:43:30 PM
 #127

I do not think that bitcoin is a bubble, but his claim that the only reason to buy and sell bitcoin is to make money is not so far from the truth. It is not the only reason but surely the reason for most people. And if you trade you can lose! If you use it as a payment method like originally planned, then high or low prices does not matter. Only the traders have a reason to cry!
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January 29, 2018, 10:43:47 PM
 #128

I don't think bankers can control this phenomenon when most banks struggle to control their own business, and that under heavy regulation from the government...

Banks have their own interest in influencing bitcoin. They are pressing governments to introduce laws regulating the trading of bitcoin. Banks are profit oriented and cryptocurrencies take them away. Therefore, they will fight with bitcoin all the time.
All central banks are against to Bitcoin, last year the Danish central bank called for those who are willing to invest in BitCoin to be prepared for the risks and that financial regulators should not be blamed for possible losses.



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Rainbot
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January 30, 2018, 07:52:19 AM
 #129

Bankers are only trying to protect their interests, and to kill the cryptocurrency market it's not a good idea.
They are looking for a way to profit of it.
And to make the price fall to buy cheap is a GOOD way to make a profit...

I think if the bankers really care about the future of technology then I think they don't deny the cryptocurrency and they will give support cryptocurrency because from time to time, new technology will come out and if they don't follow and give support, I think they could not make any profit at all. they should realize that the new technology will be work with them and deny or not, the new technology will do the jobs to do the best things in the each of job.

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January 30, 2018, 11:47:50 AM
 #130

it's a pitty but it's real life. A NEW CRYPTOCURRENCY IS COMING AND CAN KILL BITCOIN.
The cryptocurrency was created by UBS, a Swiss global financial services company.  The currency is based on Clearmatics Technologies‘ product to make financial markets more efficient.  The purpose of the new virtual currency is to enable financial groups to pay each other and buy securities using a cryptocurrency, which can then be exchanged for cash directly in banks. This would reduce the need for traditional transfers. The cryptocurrency would be stored in a blockchain system and could be exchanged for different national currencies.
Maybe it’s best we stop blaming banks for the going down price of Bitcoin. I don’t think banks has anything to do with this. It is caused by people who are withdrawing their investments, and not banks. And for the new cryptocurrency that is coming, I’m not really sure how that is going to work 😇😇 but I’m very sure that Bitcoin will be able to compete.
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January 30, 2018, 12:44:46 PM
 #131

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.

Sometimes I feel, what you say is the right thing.
But I have my own suspicions, other than bankers 'could it be The Global Elite' who did this? ...
Because as far as i know Elite Global is able to do everything including Cryptocurrency.

I mean The Global Elite is the world's No.1 richest person.

People think of Bill Gates, but it's just a target for distraction...while those who have REAL money can operate without being detected.
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January 30, 2018, 12:49:54 PM
 #132

The truth is Bankers are really in trouble. They are so scared that someday fiat will be trash and people will jump to crypto currency. So some of them are paying a huge to make a hype that crypto market will crash. Some of them are so wise that they are investing Bitcoin. Look what JP Morgan did.

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.

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January 31, 2018, 02:27:16 AM
 #133

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.
It is not that corrections are good or bad, corrections are necessary, many people think of corrections only as the price going down after a pump, but corrections happen in the other direction as well, when there is a dump most of the time it goes below the floor of the coin and after some time the price recovers, so corrections are necessary since the distortions of the market are eliminated through it.
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January 31, 2018, 02:43:41 AM
 #134

It is expected that bankers would try spread FUD to the people because they can see that in the near future when they would not do anything to prevent it then their business would just crumble. They are trying to manipulate the market now by shorting in every possible bad news so that those people who are encouraged to invest would just back out and just let their money sit in the bank since they would think that it is not profitable to invest on it. When we watch television, the ones who are speaking or being invited to discuss about cryptocurrency are those who are just recently involved in it (familiar with Tai Lopez) and those bankers who just say every thing negative just to discourage others.
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January 31, 2018, 06:31:40 AM
 #135


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

Banks will always fight with cryptocurrencies because they lose the opportunity to make a profit. They do not make money on granting loans, they have no control over the flow of money. That's why they can not accept it.

Exactly, but it can't help them because already cryptocurrencies are ruling the world and already many companies are making the partnership with other vendors by paying them through the cryptocurrencies. Still, bankers are forcing the government to ban the cryptocurrencies.
Bankers are in great worry because bitcoin has drenched large amount of people toward itself and at the end banks will also accept bitcoin to survive because world is moving toward the advancement and people are very much attracted to the bitcoin because in bank they don’t get enough profit but in bitcoin they get more than 100% profit and this shows that’s banks were only making money for themselves not for peoples.

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January 31, 2018, 06:45:23 AM
 #136

naturally the bank is afraid because if we keep the money in the bank every month must be cut our balance while in blockchain there is never any cuts unless we transact, so people will be attracted to the full blockchain in the bank.

That is true that banks are afraid but they their own startegies how to cope up with these. But at this point banks are trying to handle. For now they can't kill easily cryptocurrencies because many people prefers bitcoin as their job and cryptocurrencies as the formation of transaction. Aside from easy way to transact it is also an advantages for all.

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January 31, 2018, 07:01:42 AM
 #137

Well it was bound to happen today or tomorrow! The elite rich group don't want to give power to others and distribute powers to the commoners! They want everything to themselves and for obvious reasons would do everything in their power to stop the powers that may take away their wealth. Eventually I am sure they will use the blockchain technology and their own powerful mainstream media to deviate people from the actual areas to where they want people to be! Thus retaining their wealth and power Smiley I am sorry but this is how it is going to be for the remaining days of this planet Tongue Tongue


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January 31, 2018, 07:32:56 AM
 #138

Bankers really need to protect their assets and they are experienced ones so they know what they are doing, They did it because they smell something will happen very worse or they call it a big bubble. Price of bitcoin and altcoins will increase soon as decrease is part of fluctuation and so the increase are coming for it. Let us just wait for another happenings its too early to predict and january is a moth of decreasing value of coins as i study it.
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January 31, 2018, 11:29:23 AM
 #139

   Look op, judging by your rank, i think that you have also been here for quite some time also. And if i am not mistaken, you should've already read a lot about not just bitcoins but also about most crypto currencies existing. And i honestly think that someone like you have at least looked at the history of cryptos at least once or twice on how they move every month of every year. Which is why i do not understand the reason for your worries. I mean, don't you see that this corrections are healthy for the world of crypto as a whole?

Unless, you can show things that prove your claim, i really wouldn't be worried. Instead, i would be happy since this is a great opportunity to invest amd gain more profits. Just sayin'.

I dont think op did the research in the movement of cryptocurrency in the past years. As what i have seen is history repeating itself, having a dip in the first month of the year then rise in later part of the year. Though op has a point in his post but it did not justify on how banks manipulate the price of cryptos. To take control over it they need to buy a lot of coins and not just bitcoin to manipulate cryptocurrency.

If they can send it into oblivion, they don't need to buy any coins of any cryptocurrency. The bankers and the governments which are their puppets have enough resources to do essentially the same without buying anything. Buying coins would actually be counterproductive because that would mean accepting crypto. The governments can just ban it directly or if they can't, they can make it legal first and then regulate the hell out of it until no one uses it.
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January 31, 2018, 07:38:16 PM
 #140

naturally the bank is afraid because if we keep the money in the bank every month must be cut our balance while in blockchain there is never any cuts unless we transact, so people will be attracted to the full blockchain in the bank.

That is true that banks are afraid but they their own startegies how to cope up with these. But at this point banks are trying to handle. For now they can't kill easily cryptocurrencies because many people prefers bitcoin as their job and cryptocurrencies as the formation of transaction. Aside from easy way to transact it is also an advantages for all.
Banks has nothing to do with bitcoin and the survival of other crypto currencies rather these digital currencies had made the survival of banks very tough. People are not ready to store their money in their bank accounts because the interest rate offered is very low as compared to the rate of profits offered by digital currencies. Well, I don’t thinks so there is any currency which is able to beat bitcoin. Bitcoin is the legendary coin.

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