A good example of elite manipulation of Bitcoin

[Pursuer]

"Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected," the team lead by chief investment officer Sharmin Mossavar-Rahamani said.

    "We expect further declines in the future given our view that these cryptocurrencies do not fulfill any of the three traditional roles of a currency: they are neither a medium of exchange, nor a unit of measurement, nor a store of value."

who can deny this? they are very correct if you really think about it. there are nearly 2000 altcoins and tokens in the market these days and these two statements are 100% correct about 99.99% of them. if you think otherwise then show us cases where these shitcoins are being used as a tradition sense of a "currency"! none of them have any use case apart from some old ones such as Litecoin but even that is not even big enough to be considered enough number of use cases.

the only thing that remains is bitcoin and when they talk about "cryptocurrencies" in general they are rarely talking about bitcoin. and we already know that bitcoin has the "actual use case as a currency" and you can find thousands of examples by doing a quick search on the internet.

[rasp]

Goldman & Sachs are at it again. They just love bashing anything that doesn't seem to fit into their economic model of "make the rich richer and the poor poorer".

What they say is just another good example of war against everything new and revolutionary, which is brought by blockchain and bitcoin in particular.

  "these cryptocurrencies ... are not a store of value."

The main goal of cryprocurrencies is that they provide a kind of self-control of the whole system - nothing can be altered in blockchain.
In my opinion, this is the greatest value of crypto together with anonymyty and decentralization.

[Herbys]

The stock exchange is also subject to manipulation, not by whales, but by the media, the world economy and governments.

[Daniel91]

Thank you for example.
I think that we have a lot manipulation every day, specially in media or by politicians.
All of them wants to influence us in certain way.
In the market is worse manipulation, I think.
''Big players'' see great potential in crypto market and they manipulate a lot, by bad news, market speculations etc.
It's very easy to be confuse here.

[adzino]

Sadly people does not understand these price manipulation and falls victim to it. The one who are publicly showing hatred towards crypto currencies are actually the one who privately invests on these coins after causing price dip by confusing the naive general people. Funny things is they remain dormant for a while and then rises all of a sudden to show hatred towards the coin.

[Aleksandr_ov]

I think that while the market is raw, and many are waiting for the decision of the authorities, the price will grow only after replacing people's thinking

[criptogenious]

this market is a good example on his own, ever incidents here inspired the users to trust the market but some news also fall bad impact and influence the users so I hope we will use our own mind to jugde it

[FunGate]

"Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected," the team lead by chief investment officer Sharmin Mossavar-Rahamani said.

    "We expect further declines in the future given our view that these cryptocurrencies do not fulfill any of the three traditional roles of a currency: they are neither a medium of exchange, nor a unit of measurement, nor a store of value."

who can deny this? they are very correct if you really think about it. there are nearly 2000 altcoins and tokens in the market these days and these two statements are 100% correct about 99.99% of them. if you think otherwise then show us cases where these shitcoins are being used as a tradition sense of a "currency"! none of them have any use case apart from some old ones such as Litecoin but even that is not even big enough to be considered enough number of use cases.

the only thing that remains is bitcoin and when they talk about "cryptocurrencies" in general they are rarely talking about bitcoin. and we already know that bitcoin has the "actual use case as a currency" and you can find thousands of examples by doing a quick search on the internet.

Yeah that's true, but it affected the price of bitcoin quite badly right when they said this. I agree that most cryptocurrencies are just garbage scams trying to milk a few extra bucks out of unsuspecting noobs who think that every ICO is an opportunity to make a million. It's not even worth spending your time trying to figure out which one is legit anymore.

I just don't want to see anymore major talking down of bitcoin because we know it has more value than it is supposed to have. It lost momentum after last December but that should be coming back up soon.

[samcrypto]

Thank you for example.
I think that we have a lot manipulation every day, specially in media or by politicians.
All of them wants to influence us in certain way.
In the market is worse manipulation, I think.
''Big players'' see great potential in crypto market and they manipulate a lot, by bad news, market speculations etc.
It's very easy to be confuse here.

People easily react every news about this market and that is why big people see this as a big opportunity for them to make more money but I know they will still not win in the long run because they cannot stop this market from getting the new peak again. Its just sad that the victim of their greediness is the small investors, I hope this can be stop when regulations in every country happen.

[qiwoman2]

We all know that the Elites are playing with us and still we are putty in their hands and they are manipulating the hell out of Bitcoin. We know this yet everyone is panic selling left, right and center. Where are your ideals? Where are all those people who stood for decentralization and freedom? I hardly see any of them around except a bunch of day traders and speculators, nothing else. Those with ideals have long gone I guess. I think it's a shame that we are not untied and banded together against this big FUD machine and Price SUPPRESSING mechanism. Same people that panic sell will be back in FOMO mode when it's too late.

[Herbert2020]

you can never stop the FUD from coming out and the FUD is not only coming out for bitcoin it is like this for any other market too even the stocks market even though market manipulation is illegal there is nothing stopping them from doing it and masking it as them analyzing the market! in case of bitcoin they are recently starting to use the flaws in altcoins and their pump and dumps to analyze bitcoin! since they couldn't find any flaw in bitcoin itself...

the good news is that FUD is not going to always be effective. the market will always react to it but in the end the balance will be restored as the buyers come back and buy cheap coins from the weak hands. as you can see it happening today.

[FunGate]

We all know that the Elites are playing with us and still we are putty in their hands and they are manipulating the hell out of Bitcoin. We know this yet everyone is panic selling left, right and center. Where are your ideals? Where are all those people who stood for decentralization and freedom? I hardly see any of them around except a bunch of day traders and speculators, nothing else. Those with ideals have long gone I guess. I think it's a shame that we are not untied and banded together against this big FUD machine and Price SUPPRESSING mechanism. Same people that panic sell will be back in FOMO mode when it's too late.

People get really emotional when it comes to large amounts of money, and the elite know it. They play on our emotions in ways that we don't recognize and we get pressured into giving up our values of supporting bitcoin for the very principle that we are against. People stand up for decentralization and freedom, but when they see their own personal wealth decreasing in terms of fiat, they get nervous, afraid, upset... they think that bitcoin is doomed. Can't anyone see that we're being turned against ourselves? It is only fear if you allow it to be fear!

[Melchizedek1]

They may keep at it but not for long. sooner than later they will have to bow to the force of the crypto reality and innovation. there will be payday soonest.

[Heavens Gate]

There has always been manipulation on almost any money making platform, sport or organisation. They will do anything to get even or make the platform suit their cause. When they can't have a way, they resort to outright manipulation, threat or intimidation. Someday they are gonna look back and wish they did things differently!

[aray80]

FUD has always succeeded in destroying market prices by giving panic to some investors who are unstable, and all of that is very disturbing and there must be a certainty that is believed for them as the value of bitcoin is influenced by the number of purchases and sales etc.

[Kakmakr]

Let's analize their statement :

"they are neither a medium of exchange, nor a unit of measurement, nor a store of value."

I bought a Drone with bitcoin at one of my local gadget shops a few weeks ago, so it was a medium of exchange and it cost me X amount of coins, so it was a good unit of measure and I made a 807% profit on my coins that I bought in January of 2017 and sold in December of 2017. <This was a excellent store of value for me> 

Sorry, I do not agree with their observation. 

[coinwizard_]

The reason we are into bitcoin is to get away from these big manipulative traders who  make the rich richer and keep the poor at bay. Bitcoin is an opportunity to spread out the wealth to anyone that is a believer in the next financial revolution.

[minhkhoa]

A suspicious transaction by one or a group of traders is the main cause of the Bitcoin boom. The market for digital coins other than bitcoin is very thin and easy to manipulate. Because of the Bitcoin's past artificial inflation, investors need to see the current momentum increase with a high cautious mind and not necessarily consider bitcoin to be a "non-breakable bubble" as some press reviews.

[Chorsday]

Investment banks will always remain as investment banks. It is their way of surviving in this dog eat dog world. Afterall, it is a survival game. I am guessing it is a matter of time before they start adopting cryptocurrencies.

[Sofia234Edwards]

Some hypothesize that the Bitcoin manipulators must be enormous and have a lot of money. Such as "Whale" Do you think that's correct?