Forget Goldman. Forget the ETFs. Bitcoin does not need institutional adoption to succeed. The more the institutions drag their feet or play hot-and-cold with BTC, the more time there is for ordinary people all over the world to learn about it and become hodlers.

Do we really want the established institutions of today to get in on Bitcoin while it's still cheap? I don't. Let them come last.

Goldman Sachs is just missing the Bitcoin Business for their stupid act and remarks.

It's hard to believe that when for the last few months people in the Bitcoin community have been praising ETFs and GoldmanSachs as being huge for adoption, finally bringing institutions and Wall Street money, and making it easier for the general public to get on board, which was gonna bring a TON of money in, and send Bitcoin to the moon.

i don't like when FIAT masters like banks and similiar companies trying to influence or control bitcoin/crypto world
its not their world, they do not have power here and everybody should remember that to not care what they saying, its not important

Problem is the traders are just dictating everything, they use these kinds of news just as an excuse to squeeze out any profits from the markets and cause the dumps, nothing more than that. As soon as they see just some positive news or bullish sentiment in the market, just enough to cause some hope in retail investors, they dump on us. Those big fish want us all small retail investors out before big money comes in, they need to kill all of us off first and yes, many of us are dying in this market.  I for sure don't know how long I can last and might have to exit crypto entirely if this just continues like this for another year.

Crypto market crashes in this year several times and if we look at the bitcoin the value is not stable in the whole year and crypto market will recover after crash and it is not a permanent status of bitcoin and crypto.

Utter bs.

You have money you buy bitcoins, you're dirt poor you can't have a single satoshi.
Those that poured money have made more money, those that did not remain poor.

Bitcoin is not some socialist tool to bring equality, and Satoshi never intended for it to be such a thing.



You can't really call this a perfect storm.
It's a drop, nothing special compared to the rest of the year and probably not the last....

To be labeled a perfect storm you would have to add a tx spam attack on the chain, some country banning it, a hacked exchange and MtGox selling again  
Now, that would have been fun

Goldman fake news started all of this. Yet you all continue to be sheep. Do as your told with your crypto weaklings.

it is mostly temporary market manipulations by the big whales who are day trading in order to make profit from some FUD by creating a panic in the market. as you can see after the manipulation the price is still above the major buy support at $6k and it is not showing any signs of going any lower.

additionally because of this manipulation and the drop and  the natural altcoin dumps that has been going on for months there is an additional sell pressure on bitcoin as some part of the money is exiting from the altcoins through bitcoin/usd market. and the more altcoins are dumped the more this pressure is going to be felt in bitcoin but it is interesting that the $6k support has been ridiculously strong despite all that!