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RE: BTC - Just like that, a week of gains gone in a matter of hours

in #bitcoin • 6 years ago (edited)

I really dislike Goldman Sachs. These guys are huge market manipulators in the regular stock market and now they are manipulating crypto as well.

I don't understand why people fall for their nonsense. Whenever any stock is doing well, they nay say it one one or another, then it takes a big dump, after which I imagine they buy a huge stake in it. Then of course it recovers.

I really wish something could be done about these people.

6 years ago in #bitcoin by
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     6 years ago 

    I share your same views. By the SEC not allowing ETFs which would bring in many more retail investors as well as other funds that are mostly long only funds they are leaving bitcoin to be traded by the sharks of wall street. The ones with the technical know how to trade it and to short it. The SEC thinks they are protecting investors but they really aren't at all currently.

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     6 years ago 

    That is pretty much how I feel about it. I'm glad to finally hear someone else say it.

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     6 years ago (edited)

    Thanks @nuthman. I certainly don't want to be negative about anyone, but Goldman Sachs in my opinion is the 2nd most despicable entity in the financial world, dwarfed only by Andrew Left from Citron, who teeters very close to criminal activity in my opinion.

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     6 years ago 

    Yeah, the whole Left thing is tricky. He calls himself an Activist Short Seller. So there's nothing really illegal about that, but it gets a bit weird when someone has that much influence, puts in a short sell order and then blogs his investigation results on that company causing the stock price to crash.

    So there's nothing technically illegal about it, even though he profits from losses that he artificially created in the same way that GS does.

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     6 years ago 

    globman sucks are sub-human zionist scum...

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       6 years ago 

      Crypto traders should not be so foolish... But nothing can be done about that..

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       6 years ago 

      I don't believe this was Goldman Sachs, it seems more likely it was a 3rd party that knew the news was coming and took took advantage to manipulate the price. The news by itself should not have caused this size of price movement.