One week in Bitcoin July 2019

[romero121]

With large number of news coming out relative to bitcoin and other cryptocurrencies have given big media coverage for cryptocurrencies. The month also has given good rise in the value of bitcoin. These days the price manipulation is quite low from whales as people aren't falling to FOMO or to any form of FUD, else now we could've experienced a very drastic fall in value compared to the present market price.

[lucho1592]

Society is afraid of everything new, especially if it changes the economic system. And again, banks do not like it, because they will lose their precious profits

[princesspoppy]

It is obvious that Trump do not support or like bitcoin and other cryptos because it is not regulated and it can be a threat to their "precious" currency which is US dollar. He is afraid of the change people might like if they see the opportunities and benefits bitcoins offer that's why he gave his idea about it.

[harvestt]

It is obvious that Trump do not support or like bitcoin and other cryptos

Of course they're afraid of crypto. It can shake their familiar world

[AlaEhBTC]

Bitcoin is really going strong and very known in the world. The good thing about this news is people will discover what really bitcoin is and behind its technology and is not created just to make someone rich.

[Kakmakr]

I always say, do not look at what people or organizations are saying, but rather look at what they do. The CEO of JP Morgan <Jamie Dimon> attacked Bitcoin on more than one occasion on social media, but his own daughter is invested in Bitcoin. 

The company issued a warning to their employees, not to trade in Crypto currencies, which is telling us that the employees were heavily invested in Crypto currencies. These people know how to use their influence and power to manipulate the media to take full advantage of the price reaction after they made these statements. 

[muratsink]

the war will be greater after the Libra gets a place in the crypto market.  the Libra coin trading chart will make the chart cycle stable with high market volumes.  and ETH will create a bullish market quickly and unlimitedly.

[pundit]

The war is ongoing between crypto believer and non believer. Most of the banks, Govts in the world are against cryptocurrencies but the common users are with it buying and selling cryptos daily. Trust me once BTC value and other cryptos increse in price more and more common people will join in and at the last Govts will be forced to think about blockchain technologies. It may take sometime but I believer crypto revolution will be there.

[stomachgrowls]

I always say, do not look at what people or organizations are saying, but rather look at what they do. The CEO of JP Morgan <Jamie Dimon> attacked Bitcoin on more than one occasion on social media, but his own daughter is invested in Bitcoin. 

The company issued a warning to their employees, not to trade in Crypto currencies, which is telling us that the employees were heavily invested in Crypto currencies. These people know how to use their influence and power to manipulate the media to take full advantage of the price reaction after they made these statements. 

When you do try to connect piece by piece you would really see that those things they are saying are just pure alibis.

They do tell negative things in front and accumulating btc on behind.Their negative inputs are just the way for them to buy more cheaper coins.

[Chrystora123]

just look at the picture of someone carrying a bag with Bitcoin wrote, it's like slander.. we don't need to panic in response to a tweet from Donald Trump, not just this time a head of state attacks Bitcoin, indeed every statement from them (head of state) makes the crypto market bearish but believe me if the conditions are conducive and the bad news is forgotten, I'm sure the crypto market will come back green.

[Reid]

Too much news and events about bitcoin.
Let us make it as positive as possible.

Also, we should thank all of them from the media and different branches of different governments. Thank you again.
You showed "new possible crypto currency investors" that it is awesome to have bitcoin.
There is just so much life in it being in the news and everything.

If I am a the new one that will see this ruckus then one thing I will do. Google all the way what bitcoin is and maybe go way deeper into understanding why the hell that President is so mad at it.

[elisabetheva]

Today bitcoin back to lower price and will be below under $10k, whats going on with bitcoin and make price dump. I hope next week bitcoin could come back to higher price again.

Common and frequent concern, when bitcoin slumps and falls, even though at the beginning of the month it is quite powerful. but there is no need to worry about that, because bitcoin is used to experiencing it and he will be able to get back up, we believe.
like what you believe about next week back to high prices.

[mayukus4life]

It's an interesting moment as we watch to see where this will all end. Trump's fears are clear and he is not alone on this, many countries think the way he is doing right now. They felt bitcoin and cryptocurrencies will cause major harm to the financial institutions cum banks and tend to label it as an easy front to launder money or push drugs but they failed to also let the world know the massive corruption going on in those banks.

[Japinat]

Not full one week yet, but so far Bitcoin looks really bad, after a small rise yesterday, bitcoin now currently dropped at 12, which brings the price at $9400 now. It's a significant decrease that we are witnessing now because of the FUD which was coming from the remarks from the US government which people don't really understand what they are trying to imply.

IMO, the remark is not negative, the fact that the government already tackle bitcoin, that's big and they sees it's getting bigger, if we can think positive, it could be a free advertising from their part.

[Coin-1]

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

Right, it is very ironic how banks is against bitcoin because of money laundering but then they themselves are the primarily doing it, it is indeed very sad that bitcoin was blamed for these reason and for almost everything and they don't even bother to look at the good side of bitcoin which helped a lot of people. In my opinion whether it is bitcoin or not crimes can happen it just that companies most especially big ones has the power to hide it from the public.

It seems that Donald Trump who a few days ago published negative tweets against Bitcoin caused a huge wave of FUD in the global crypto exchange market. Prices for almost all crypto currencies fell by -20% from recent highs.

Crypto currencies and other financial assets can facilitate unlawful behavior such as money laundering, and of course, the police should curb this illegal activity by tracking blockchains. But in my opinion, Bitcoin is a decentralized peer-to-peer ecosystem that has a good common purpose for people from all over the world.

[Chikito]

At the early of July bitcoin looks good with higher price but in second weeks of July bitcoin have correction and lower price, we are waiting when bitcoin could raised to higher price again.

yeah in the fact week to week price ussually like fluctuatif movement. but, when look at month to month, year to year, Bitcoin price always move to top mountain reality, this week happen dip correction with fud news together made price bitcoin and altcoin down..

[ttcsalam]

This news e-market has had negative effects. So the cost of bitcoin is decreasing day by day. I think on this news. Many people can get damaged in the coming days.

[bitcampaign]

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

I like answers like this, exactly what I think, everyone has a lot of money to make news and destroy prices, but unfortunately no one cares about such news and is not a serious threat.
I see almost 90% of BTC users now more mature to think that the news will not affect Bitcoin Prices, if people ask why bitcoin prices go down not because of news, this always happens when the Bitcoin price corrects and just waits where support buys next

[BrewMaster]

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

Right, it is very ironic how banks is against bitcoin because of money laundering but then they themselves are the primarily doing it, it is indeed very sad that bitcoin was blamed for these reason and for almost everything and they don't even bother to look at the good side of bitcoin which helped a lot of people. In my opinion whether it is bitcoin or not crimes can happen it just that companies most especially big ones has the power to hide it from the public.

It seems that Donald Trump who a few days ago published negative tweets against Bitcoin caused a huge wave of FUD in the global crypto exchange market. Prices for almost all crypto currencies fell by -20% from recent highs.

Crypto currencies and other financial assets can facilitate unlawful behavior such as money laundering, and of course, the police should curb this illegal activity by tracking blockchains. But in my opinion, Bitcoin is a decentralized peer-to-peer ecosystem that has a good common purpose for people from all over the world.

that tweet was really an excuse to cause panic and dump some coins on the market to crash the price below the buy support line that was pretty strong to be broken under normal circumstances so these days is like birthday for the day traders in bitcoin market because they are now gaining a big fluctuation that they couldn't have seen otherwise.

and the drops were only in bitcoin, the altcoins are following bitcoin in the drop but in a bigger size. ~10% in bitcoin is at least 10% drop in altcoins and can go up to 20%.

[AjithBtc]

I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.

Right, it is very ironic how banks is against bitcoin because of money laundering but then they themselves are the primarily doing it, it is indeed very sad that bitcoin was blamed for these reason and for almost everything and they don't even bother to look at the good side of bitcoin which helped a lot of people. In my opinion whether it is bitcoin or not crimes can happen it just that companies most especially big ones has the power to hide it from the public.

It seems that Donald Trump who a few days ago published negative tweets against Bitcoin caused a huge wave of FUD in the global crypto exchange market. Prices for almost all crypto currencies fell by -20% from recent highs.

Crypto currencies and other financial assets can facilitate unlawful behavior such as money laundering, and of course, the police should curb this illegal activity by tracking blockchains. But in my opinion, Bitcoin is a decentralized peer-to-peer ecosystem that has a good common purpose for people from all over the world.

Soon after the tweet from Trump more controversy about the same has been getting circulated around the market. Some believe it is the tweet that has caused the downfall in the market of bitcoin followed by the altcoins.

Being peer to peer, it can be used without any form of difficulty even if governments impose restrict on the use of cryptocurrencies. The technology and bitcoin together has got a good cause as stated above.