> I will never trust banks since they are for-profit companies
Banks don't have to be betting against you to make money. They can simply charge a markup or profit from the bid-ask spread if they're making a market.
I know. But when you are betting on btc to rise and banks can short BTC, i went out of there.
I was right, BTC had the first major decline arround that time. My guess now and then is that banks were buying BTC to make it drop when they want.
PS. I went out BTC 3 times and started all over with the initial starting amount, so saying "betting on BTC to rise" is a bit exaggerated though.
PS2. I'm talking about very big "banks" mostly, eg. JP Morgan or Goldman Sachs. When they give a public statement, i'm always inclined to think the opposite.
Banks don't have to be betting against you to make money. They can simply charge a markup or profit from the bid-ask spread if they're making a market.