How the bankers make billions with the Bitcoin crash.. this i want to discuss

[KingScorpio]

I think that bankers and some brokers have certain influence over the prices for crypto currency. They could make so that prices dropped down. There is also an opinion that all large banks are regulated by people in an organized way

banksters are idiots they constantly just gamble with money, its time to get rid of them, they certainly have rather caused bitcoins spike rather then the drop.

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[tokrexOrg]

what people dont realise is that the "bankers" are these guys
www.dcg.co/portfolio

what they are doing is behind the exchanges they control
EG
bitflyer       changetip      coinsetter
bitoasis      circle             genesis
bitpesa       coinbase       itbit
bitso          coinhouse      korbit
bitwala       coinjar          kraken
buda          coins.ph        luno
......and thats just half the alphabet

they are OTC trading using reserves behind many other platforms
EG
Altonomy, Atlantic Financial, Bitbank, Bitfinex, Bitmax, BitMEX, Bitso, BTCBOX, BTSE, Buull Exchange, DGroup, Coinone, Crypto Garage, GOPAX (operated by Streami), Korbit, L2B Global, OKCoin, The Rock Trading, SIX Digital Exchange, Unocoin, Xapo, XBTO, and Zaif.

to arbitrage coins and fiat between these exchanges using a blockstream service, a variant of LN called liquid

https://blockstream.com/2018/10/10/liquid-launch/

Thanks Franky,

this is very interesting and helpful information. I forwarded your post to YouTubers. This is what the Crypto Community needs to know!!!

[Bitfling]

Banks or investment institution will always make profits from people who can not hold their finger and panic people. Banks buying bitcoin and others digital asset at cheap price. Better keep patient and hold our coin for long term

[949miner]

And do not forget, WE ARE going to see bitcoin touching the all time high again, those people are greedy enough to manipulate the market again to earn the double, or even triple.
Bitcoin can be easily manipulated, and they do not care about anything.
So we can expect more from those greedy bankers.

A very well written article with valid arguments and reasons. Indeed a good read! The process it has described, is very simple.

Banks and brokers have accumulated a lot of bitcoins from their OTC market deals. Now they have bought future contracts with negative outlook and started selling the accumulated bitcoins to crash the market. Simple and effective strategy to make tons of cash!

However, I doubt any regulated banking institutions can do this legally! Shady OTC deals are happening for a long time so can't comment on that! But to bring down the price at this scale, the OTC volume needs to be enormous!

The scenario as described in the article is definitely possible and the way it was written, is very convencing as well. Just thinking about the volume we will require to do such kind of manipulation. Any idea?

Estimate from the TABB Group (in a $5000 report) that OTC crypto markets exceed exchange volumes by 2-3x. That would mean 1-1.5MM BTC is traded OTC *daily*.  That's surely enough to organize a drop like we saw... can u imagine... this f***ers trade 1-1.5MM and bypassing the open market. Normally we should see BTC at 15k with that numbers... It's unbelievable. I had the same feeling... it's indeed a good read.

[KingScorpio]

Hello everybody!

In the end, it was the bankers who pulled us over the barrel.

https://medium.com/@TokrexOrg_42680/how-the-bankers-make-billions-with-the-bitcoin-crash-d702be198471

Look at that..

bankers are doomed it doesnt matter weather bitcoin is successful or not

[BTV2019]

Hello everybody!

In the end, it was the bankers who pulled us over the barrel.

https://medium.com/@TokrexOrg_42680/how-the-bankers-make-billions-with-the-bitcoin-crash-d702be198471

Look at that..

bankers are doomed it doesnt matter weather bitcoin is successful or not

Bankers will always be profitable))) They will only change the financial machine.

[FedorIzmailov]

I am sure that they have earned on this but trust me you can still earn good money

[swordling143]

Not just in Bitcoin but also in other crypto ,
Now I understand why there are some crypto that is being dump without a trace in some decentralized exchange.

[AngelsontrBTC]

I am sure that they have earned on this but trust me you can still earn good money

What's your strategy? You are trading?

It's a mess with the bankers. We should finally get rid of them.

[tokrexOrg]

Thanks to Franky1. Here is the follow-up article:


https://medium.com/@TokrexOrg_42680/how-banks-have-assimilated-the-crypto-community-245b320581ac

[aoluain]

Im in awe!

That is some article posted by the OP. It makes shocking reading but after
thinking it over im not surprised. There have been allegations of market
manipulation and this proves it.

This is probably one of the most important threads on the forum all of a
sudden i think.

[Emilyp]

A lot of conspiracies are swaming the cryptophere, hopefully one day we will hear the full details of how the big players have been manipulating bitcoin to their favour.

[kissme09]

The current collapse of Bitcoin is creating a domino effect with so many investors leaving Crypto. Banks are trying to buy Bitcoin silently, and no one knows this. Only a few pumps operate back into these investments, giving them a huge profit.

[CryptoJunky007]

Im in awe!

That is some article posted by the OP. It makes shocking reading but after
thinking it over im not surprised. There have been allegations of market
manipulation and this proves it.

This is probably one of the most important threads on the forum all of a
sudden i think.

Exactly. In fact, the crypto community must return to their original ideas. We did a big hoo-ha about Bakkt, ETFs and so on. The result was zero. And secretly, the bankers crept in here. That's a scandal. Everyone needs to know about it!

[towi078]

I believe, most people here expect ETFs to be approved immediately. Because, more or less it will have an influence on the process of global adoption of bitcoin

[Pursuer]

The current collapse of Bitcoin is creating a domino effect with so many investors leaving Crypto. Banks are trying to buy Bitcoin silently, and no one knows this. Only a few pumps operate back into these investments, giving them a huge profit.

how do you know that "banks" are buying bitcoin? do you have some sort of proof of this claim?
because it seems unlikely to me because you and I may be able to hide the fact that we are buying bitcoin but a bank can not do that easily. like JP Morgan last year which was revealed after they spread FUD. but so far I don't see any indication of what you claim.
there are whales who are doing this though but they have been doing it for years to increase their stakes in bitcoin.

[NexGenBoosterIsCrypto]

That's the bad thing about OTC. There is no general ledger. Banks are divided into hundreds of investment vehicles. If they Bitcoin buy, then certainly not in their own name. Only if it fits in with their strategy. That must have been a very big whale that can sell off 50% of the market capitalization. I believe that using the word "whale" means that someone can not explain who is behind it. I just read both articles and I think it's a plausible scenario.

A few days ago I was reading an investigative article on Cum-Ex business of the banks. Anyone who believes that banks regulate their business and only do good business is wrong. The problem is that they are already in government. It's a sad world.

[TheLoser]

I think that everything that is written in the articles is true and banks control most of the cryptocurrency, which makes it manageable and it is very bad . Now banks are buying bitcoin and other cryptocurrencies at a low price , then to sell at high and make huge profits .

[NexGenBoosterIsCrypto]

I think that everything that is written in the articles is true and banks control most of the cryptocurrency, which makes it manageable and it is very bad . Now banks are buying bitcoin and other cryptocurrencies at a low price , then to sell at high and make huge profits .

I share your opinion.

[TBespalova]

I think that everything that is written in the articles is true and banks control most of the cryptocurrency, which makes it manageable and it is very bad . Now banks are buying bitcoin and other cryptocurrencies at a low price , then to sell at high and make huge profits .

I share your opinion.

And I. Therefore, I support the project Tokrex, which should eliminate this situation