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Topic: I think Bankers and wall street dont like Bitcoin (Read 229 times)

cryptoboss2020 (OP)

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I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:01:34 PM

Thats why they buy the most of Bitcoin once they get a lot I think they just crash it.

They cant just ban the btc its in the computer they can only ban cash fiat transactions.
But then the people will revolt and they look like bad on people's eyes so they have to make it look like some kind of accident
But they have money to buy up whole BTC supply and destroy the price of btc completely...
And when it will happends they just say well it was just the market..... Lol
Becouse they hate liberty any kind of freedom.
Guess what will be happening after?
After the bankers together with wall street will crash the BTC the SEC will come in and will take as a "protecter " More power over all the cryptocurrency to start regulating whole cryptocurrency to prevent market manipulation.
But by the time the SEC will take protection position it will be too late for common men like me and you the average guy the damage will be all ready done.

So im not exited about the Wall street and bankers buy up so much bitcoins.
That means they can do with btc price what ever they want and as they hate freedom and liberty most likely they are going to crash the btc.

The stable coin USDC will be there to stay as protected by Biden regime and circle boss jeremy allaire... The former poloniex exchager boss.

The btc might be just the Perfect way to get whole capital in to stable coins bankers and wall street just love them becouse its under their control
Ethereum will survive also as its centralized cryptocurrency.

20kevin20

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:11:48 PM

They can't buy up the whole Bitcoin supply and they can't crash it to zero. If they want to crash it, they have to sell it. And if they sell it, others (non-governmental people) will have to buy it. Hence, the entire sell will turn into a very bullish thing for BTC as the supply is once again distributed back to the people.

I agree that institutional investors accumulating a truckload of Bitcoin isn't a good thing though, and there has to be something going on behind the scenes. But that doesn't mean Bitcoin is forever and fully defeated. If it ever crashes close to zero, I'm going to be the one purchasing it.

cryptoboss2020 (OP)

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:19:42 PM

Quote from: 20kevin20 on December 08, 2020, 01:11:48 PM

So they cant just crash it?
If so then we have not much to worry about?

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:20:01 PM

You pretty much got almost everything wrong that I honestly don't even know where I'm going to start. Will edit this reply in a bit.

EDIT:

Here it is.

1. The "buying most of the bitcoin and crashing it" is not as simple as you think it is.

2. They can't just ban BTC and just be done with it. It's actually one of bitcoin's advantages that any central authority can't really ban it(note: illegalization is different from banning). To be able to ban it, the only thing they could do is to shut down the whole internet.

3. Sure they have a lot of money; arguably, even infinite amounts of USDs. But when you get a huge inflow of cash what happens? Yeap, it drops in value. And along with that, if it's the case that they'll just attempt to buy a lot of bitcoin, bitcoin will rise and rise and rise in price that it would be too expensive and that the USD is pretty much worthless.

4. Bitcoin "whales" only have so much power over the markets. It's not like having a lot of bitcoin will give you total manipulation over the markets or something.

5. Where did you even get that Biden and USDC conspiracy?

6. Why would the government even want money to flow into USDC to start with? If you're referring to a central bank digital currency(CBDC), they don't even need to do any of these to get money into CBDCs. All they need to do is to require merchants to accept the CBDC or something like that lol.

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notocactus

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:22:08 PM

Quote from: mk4 on December 08, 2020, 01:20:01 PM

You pretty much got almost everything wrong that I honestly don't even know where I'm going to start. Will edit this reply in a bit.

You don't need to spend your time this way. Ignore him. That guy is a non-sense topic spammer.

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cryptoboss2020 (OP)

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 01:26:36 PM

Quote from: mk4 on December 08, 2020, 01:20:01 PM

You pretty much got almost everything wrong that I honestly don't even know where I'm going to start. Will edit this reply in a bit.

Okay please edit If you can
Not good to newbies see wrong here about it

mindrust

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 03:05:35 PM

They cannot crash it to zero but they can make it suffer like they did to gold for a long time.

Quote

JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities claims of market manipulation involving two of the banks trading desks, the largest sanction ever tied to the illegal practice known as spoofing.

https://fortune.com/2020/09/30/spoofing-jp-morgan-cases-manipulation/

If these fuckers can do this to gold, they can do it to bitcoin as well and nothing is stopping them.

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 03:19:14 PM

Doesnt matter if they like it or not, they cant control it & thats what annoys them. They have a monopoly on traditional assets & fiat currencies but not with bitcoin. Theyre going to have to adapt & learn to accept that bitcoin is here to stay & going nowhere. To be honest institutional money has begun to flow into bitcoin now.

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 03:35:00 PM

They bought BTC just so they can crash its price?
Once they will try to dump their coins, they would have to ask for the lowest price such as $1, which will make its price to $1. $1/BTC is like a nosedive. :/ There could be no better approach to make its price crash but this one.

If it still doesn't work I think the advice about jumping into the bandwagon and join in if you can't beat them will be the best approach.

BrewMaster

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 03:45:42 PM

#10

Quote from: cryptoboss2020 on December 08, 2020, 01:01:34 PM

Thats why they buy the most of Bitcoin once they get a lot I think they just crash it.

this doesn't make any sense! if they buy "a lot of bitcoin" and then crash the market, they will lose "a lot of money" in that crash, a lot more than anybody else would Cheesy

bigger guys have tried to crash bitcoin long ago when the market was 1/100 of the current size and failed.

There is a FOMO brewing...

cryptoboss2020 (OP)

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 03:49:09 PM

#11

Quote from: BrewMaster on December 08, 2020, 03:45:42 PM

Quote from: cryptoboss2020 on December 08, 2020, 01:01:34 PM

Thats why they buy the most of Bitcoin once they get a lot I think they just crash it.

this doesn't make any sense! if they buy "a lot of bitcoin" and then crash the market, they will lose "a lot of money" in that crash, a lot more than anybody else would Cheesy

bigger guys have tried to crash bitcoin long ago when the market was 1/100 of the current size and failed.

Maybe they dont Care about money!!
Indeed they can print as much they want but what they need is to handle world sustaineble ways and obient people so losing money is not issue for them

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 04:13:50 PM

#12

Quote from: cryptoboss2020 on December 08, 2020, 01:01:34 PM

If they want to crash bitcoin so they need billion USD, it's really crazy if they willing to spend billion USD to kill bitcoin
What they can? they just can provoke not to use btc, ban everything related bitcoin. But it can not stop bitcoin and other cryptocurrency. All fans and developer will find many way to grow crypto

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as.exchange

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 04:24:59 PM

#13

It is possible though to make BTC worthless for a moment of time... if it's announced to be completely illegal globally and holding BTC would be hardly punished. Not same, but similar thing happened with gold before. Yet, after such thing the price would skyrocket, then would turn to ashes for some period, and people would create new ways to trade BTC thus restarting the cycle and it would continue going on like that under radars thus again increasing the value. "Historical cycles repeat themselves" and "this time is never different" Wink

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 04:26:06 PM

#14

Quote from: cryptoboss2020 on December 08, 2020, 01:01:34 PM

They cant just ban the btc its in the computer they can only ban cash fiat transactions.
But then the people will revolt and they look like bad on people's eyes so they have to make it look like some kind of accident
But they have money to buy up whole BTC supply and destroy the price of btc completely...
And when it will happends they just say well it was just the market..... Lol
Becouse they hate liberty any kind of freedom.

They are doing this to keep their business alive and they know well that day by day bitcoin is capturing their targeted users.

Do you think they are not trying to keep people away from bitcoin?

If you ask me then I will tell that worldwide bankers will never give chance to bitcoin for expanding its community where its pretty much normal that they will try to keep people on their own banking system. I don't know how longer they will be able to do this but they will try their best to get regular profits from their banking investments.

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 04:26:11 PM

#15

Quote from: cryptoboss2020 on December 08, 2020, 01:19:42 PM

So they cant just crash it?
If so then we have not much to worry about?

How they can buy all of the supply if there are holders doesnt want to sell it and only stored in their wallet. They can buy fraction of total supply in the market but the idea of crashing it will not work there are plenty of people who believe in bitcoin that want buy it cheaper in them. The one who lost is not the investors but them for trashing their money for buying it high and sell it to people who's waiting to buy at cheap price .it's a war of wasting money If they do.

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 04:57:12 PM

#16

they can buy easily, namely by playing the market
for example if I have 5 bitcoins and 100k usd of money with a large capital, you can play with the market by selling bitcoin at a lower price or place a sell order below the average to give a singal buĺlish

cryptoboss2020 (OP)

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 05:14:51 PM

#17

If they Want to manipulate with price...
So in history we know that its done by this the same old way they make low price sell orders and they fill up all those buy orders like slow by slow.
So anyone knows it get done by selling and buying by themselfes.

Remember they are scammers conmen market manipulators at their best so If they want to get done something they will get it one way or another

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 05:36:35 PM

#18

Quote from: cryptoboss2020 on December 08, 2020, 03:49:09 PM

Maybe they dont Care about money!!
Indeed they can print as much they want but what they need is to handle world sustaineble ways and obient people so losing money is not issue for them

now you are just grasping at straws.
printing more money would damage them a lot more than it would ever damage bitcoin. besides printing more money does not crash bitcoin price, the opposite will happen meaning bitcoin price shoots up a lot more thanks to the super inflation that printing more money causes.

There is a FOMO brewing...

cryptoboss2020 (OP)

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 05:46:04 PM

#19

Quote from: BrewMaster on December 08, 2020, 05:36:35 PM

Quote from: cryptoboss2020 on December 08, 2020, 03:49:09 PM

Maybe they dont Care about money!!
Indeed they can print as much they want but what they need is to handle world sustaineble ways and obient people so losing money is not issue for them

They hold btc themselfes so If btc price shoots up a lot they make profit either way.
The thing is we dont know their plan but they have some plan...

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Re: I think Bankers and wall street dont like Bitcoin

December 08, 2020, 05:57:36 PM

#20

I don't think they'll hate Bitcoin when they can make money from it. In the financial game, any asset that can turn a profit is called legal by everyone. Even for banks, they have a lot of money and they have to choose the types of assets to invest in, and Bitcoin is also a digital asset. So why not invest and try to raise its price when they can?
I have the opposite opinion of you. Once large businesses or banks have invested in Bitcoin, they certainly have plans in place to make their portfolios profitable. Especially, Crypto is a decentralized market and they even have more power to do it Wink

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