I think mostly because of point number 2, a lot of people including my friends at first think if China support cryptocurrency. But maybe although only blockchain which mentioned by China, it can really affect on crypto because people think about that too. So it looks like China support cryptocurrency again and then make bitcoin price increased. Usually something like that can give big affect on crypto price.
Yeah, that’s true if China will support bitcoin it will change the whole market price for bitcoin. I think right now we should hold as I have heard that after China now a few more countries are involving in the crypto market. Bitcoin was first forbidden in China but now it’s increasing because of remarkable contributions by new countries like china, japan and south Africa. 
Topic: Bitcoin price today ! (Read 1956 times)
I agree, maybe majority misinterpret it as some kind of bitcoin endorsement but it is not. Blockchain is not equal to bitcoin. So my only conclusion is that maybe manipulators take advantage of that statement from the Pres. of China and then someone from media spin it around to sell the news.
I guess we just take advantage and continue to accumulate if we have funds and wait for institutional money to come in prior or even after the schedule block halvening.
I guess we just take advantage and continue to accumulate if we have funds and wait for institutional money to come in prior or even after the schedule block halvening.
well sir , i guess u missunderstanding like other person i see, bitcoin is a first of all blockchain technology.
its not manipulators game anymore , if that just manipulation , why the price still strong after ? even altcoins also have a same thing.
we dont need a institutional money came around, u totally joking.
~snip~
You mean it was just a hearsay? If this wasn't true, maybe it's only a temporary pump and the price might fall back because there's no real adoption in China.
Fud is erradicating nowadays, and maybe we shouldn't take the some of those news seriously. Whales is the one who made this thing possible, so we're experiencing the previous price bounce and fluctuations.
It was not a FUD either. That news was bullish, but the real reason of the pump was only diverted into that story, when there's a possible manipulation happened. As much I don't believe in whales, but market can be manipulated with massive buy out and sell out.
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
Chinese market always have a big impact on the world market. This time with the positive speech about blockchain the impact is felt much on the cryptocurrency market. This is the major reason for the price pumping we experienced over the days. With this in mind more investment happened on Bakkt which further drove the price forward. Yet this hasn't initiated a perfect bull market. Hope for bigger growth over the falling weeks.but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
I always had a doubt that the recent pump wasn't just because of the Chinese leader showing interest in blockchain technology. He didn't even mentioned something about cryptocurrency or Bitcoin in his speech. It may have a little contribution to the pump, but there must be a major reason behind it. The massive buy out maybe caused by whales or from the momentum traders, or from the retail investors who were accumulating more Bitcoin in their wallet as a preparation after the 2020 halving.
I agree, maybe majority misinterpret it as some kind of bitcoin endorsement but it is not. Blockchain is not equal to bitcoin. So my only conclusion is that maybe manipulators take advantage of that statement from the Pres. of China and then someone from media spin it around to sell the news.
I guess we just take advantage and continue to accumulate if we have funds and wait for institutional money to come in prior or even after the schedule block halvening.
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
Chinese market always have a big impact on the world market. This time with the positive speech about blockchain the impact is felt much on the cryptocurrency market. This is the major reason for the price pumping we experienced over the days. With this in mind more investment happened on Bakkt which further drove the price forward. Yet this hasn't initiated a perfect bull market. Hope for bigger growth over the falling weeks.but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
I always had a doubt that the recent pump wasn't just because of the Chinese leader showing interest in blockchain technology. He didn't even mentioned something about cryptocurrency or Bitcoin in his speech. It may have a little contribution to the pump, but there must be a major reason behind it. The massive buy out maybe caused by whales or from the momentum traders, or from the retail investors who were accumulating more Bitcoin in their wallet as a preparation after the 2020 halving.
You mean it was just a hearsay? If this wasn't true, maybe it's only a temporary pump and the price might fall back because there's no real adoption in China. Fud is erradicating nowadays, and maybe we shouldn't take the some of those news seriously. Whales is the one who made this thing possible, so we're experiencing the previous price bounce and fluctuations.
I think he mean that those events is temporarily happen since the Chinese hype will surely fade easily and we can see that today the price keep decreasing and maybe we can see it more. But for sure in upcoming days we will see a major pump since there still a positive output coming next year.
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
Chinese market always have a big impact on the world market. This time with the positive speech about blockchain the impact is felt much on the cryptocurrency market. This is the major reason for the price pumping we experienced over the days. With this in mind more investment happened on Bakkt which further drove the price forward. Yet this hasn't initiated a perfect bull market. Hope for bigger growth over the falling weeks.but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
I always had a doubt that the recent pump wasn't just because of the Chinese leader showing interest in blockchain technology. He didn't even mentioned something about cryptocurrency or Bitcoin in his speech. It may have a little contribution to the pump, but there must be a major reason behind it. The massive buy out maybe caused by whales or from the momentum traders, or from the retail investors who were accumulating more Bitcoin in their wallet as a preparation after the 2020 halving.
You mean it was just a hearsay? If this wasn't true, maybe it's only a temporary pump and the price might fall back because there's no real adoption in China. Fud is erradicating nowadays, and maybe we shouldn't take the some of those news seriously. Whales is the one who made this thing possible, so we're experiencing the previous price bounce and fluctuations.
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
Chinese market always have a big impact on the world market. This time with the positive speech about blockchain the impact is felt much on the cryptocurrency market. This is the major reason for the price pumping we experienced over the days. With this in mind more investment happened on Bakkt which further drove the price forward. Yet this hasn't initiated a perfect bull market. Hope for bigger growth over the falling weeks.but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
I always had a doubt that the recent pump wasn't just because of the Chinese leader showing interest in blockchain technology. He didn't even mentioned something about cryptocurrency or Bitcoin in his speech. It may have a little contribution to the pump, but there must be a major reason behind it. The massive buy out maybe caused by whales or from the momentum traders, or from the retail investors who were accumulating more Bitcoin in their wallet as a preparation after the 2020 halving.
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
Chinese market always have a big impact on the world market. This time with the positive speech about blockchain the impact is felt much on the cryptocurrency market. This is the major reason for the price pumping we experienced over the days. With this in mind more investment happened on Bakkt which further drove the price forward. Yet this hasn't initiated a perfect bull market. Hope for bigger growth over the falling weeks. but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
The second option is most appropriate because we all know that China is at number one in the economy and we have seen that there were huge investments from china to altcoin when ICOs were not banned in China. So it is a green signal for bitcoin enthusiast that the world's largest economy planning to take part or contribute in blockchain and crypto world
It is possible that Chinese news to adopt blockchain technology influenced the increase in bitcoin, although the plan had been planned since the page by China but news from Chinese President Xi Jinping coincided with an increase in bicoin.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
but everything is related to BAKKT's performance results, and the news has a positive impact and has caused investors to be bullish in the cryptocurrency market.
i've assumed some big people cant do such thing like this,for make it sure. nowdays marketcap is $256,503,456,933 , but the fact , a few hours ago its just $210,000,000,000 so that mean almost $40 billion's come just a few hours, who on earth can do that ?
I don't think that's really 40 billion dollars, it's just a picture of the market cap of the increase in the price of bitcoin, it doesn't make sense that people would put in as much as 40 billion dollars just to pump up so that's just an estimate of rising prices, I know that money is needed to increase market capitalization in time short, and also the amount is not small but will not be as much as 40 billion.
of course , crazy right ? that why i talk like that .its not a people,its seems like big huge whales from nowhere.
so about 40 billions dollar, of course that real , its not about a picture, i also dunno what picture u talking about.
its a some accumulation , accumulation before and after pump, and the difference is 40 billions.
if u asking whre the money come from , of course from that big huge whales pocket.
and if u asking again , why they put money soo much , it is a series of mass purchases from all over the world, not single, but global.
and if u asking for more, what mean if market cap just 100 billion , that mean people has take out their money from crypto world, and all of coins will be end in the exchange.
Quote
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
Well, it depends on how the second one will have any affects on the Chinese approach to bitcoin. Just because, winnie the pooh said he wants further blockchain development doesn't mean that they love bitcoin now, it could be just blockchain and not crypto itself, maybe they want to use it to store all of their prisoners and slaves in a database so they won't mistake which one will be harvested for their organs and which one will be murdered and which one will be raped.
Aside from that I think BAKKT had more to do with it, they started with a horrible first days and then bitcoin went down since nobody got what they expected from BAKKT, it was exactly when bakkt got a disappointed start when the bitcoin price also went down and as soon as it got up and higher the price also went higher as well so I see a connection there.
Aside from that I think BAKKT had more to do with it, they started with a horrible first days and then bitcoin went down since nobody got what they expected from BAKKT, it was exactly when bakkt got a disappointed start when the bitcoin price also went down and as soon as it got up and higher the price also went higher as well so I see a connection there.
I think mostly because of point number 2, a lot of people including my friends at first think if China support cryptocurrency. But maybe although only blockchain which mentioned by China, it can really affect on crypto because people think about that too. So it looks like China support cryptocurrency again and then make bitcoin price increased. Usually something like that can give big affect on crypto price.
We always like to associate the price increase to any positive news and you are right we have two here , Xi Jinping do not have an intention to pump Bitcoin what he had in mind is for his country to create one of their own, because they are fully aware of Libra Coin, and another one that that can add to the price's positive feedback is Bakkt's increase trading, Bakkt's prformance in the market will always give the price a push even though it has a bad start.
Bitcoin and cryptocurrency is always affected by the news because it's a world wide payment and also the media is really fast to reach people.
So, the ffect of the news in a media is really big in crypto, it can pump prices in minutes, so we have to aware with the news.
i've assumed some big people cant do such thing like this,for make it sure. nowdays marketcap is $256,503,456,933 , but the fact , a few hours ago its just $210,000,000,000 so that mean almost $40 billion's come just a few hours, who on earth can do that ?
I don't think that's really 40 billion dollars, it's just a picture of the market cap of the increase in the price of bitcoin, it doesn't make sense that people would put in as much as 40 billion dollars just to pump up so that's just an estimate of rising prices, I know that money is needed to increase market capitalization in time short, and also the amount is not small but will not be as much as 40 billion.
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
The two factors are actually the major factors that would have contributed to this increase, although in the time past, we have really not gotten any tangible reason for either spike of bitcoin or dump and it is probably because some of those factors are not publicized or not very much popular for us to have thought of them having those effect, but this time around, I think that we really have something to hold on to now, especially the statement of the president of china. 1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
This statement must have really sent a very strong signal to the whole community out there which will believe that china has loosened up a little on their rigidness concerning cryptocurrency. For bakkt, I think it was still this spike that actually made the volume in bakkt to also rise.
China related news had always some impact in the price depending from its kind but since the fake volume issue, the impact was way lower.
Anyway, it might be possible but i think it is related to sell high-profit then buy low to sell again in the next opportunity
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
The two factors are actually the major factors that would have contributed to this increase, although in the time past, we have really not gotten any tangible reason for either spike of bitcoin or dump and it is probably because some of those factors are not publicized or not very much popular for us to have thought of them having those effect, but this time around, I think that we really have something to hold on to now, especially the statement of the president of china. 1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
This statement must have really sent a very strong signal to the whole community out there which will believe that china has loosened up a little on their rigidness concerning cryptocurrency. For bakkt, I think it was still this spike that actually made the volume in bakkt to also rise.
We always like to associate the price increase to any positive news and you are right we have two here , Xi Jinping do not have an intention to pump Bitcoin what he had in mind is for his country to create one of their own, because they are fully aware of Libra Coin, and another one that that can add to the price's positive feedback is Bakkt's increase trading, Bakkt's prformance in the market will always give the price a push even though it has a bad start.
Bitcoin and cryptocurrency is always affected by the news because it's a world wide payment and also the media is really fast to reach people.
So, the ffect of the news in a media is really big in crypto, it can pump prices in minutes, so we have to aware with the news.
We always like to associate the price increase to any positive news and you are right we have two here , Xi Jinping do not have an intention to pump Bitcoin what he had in mind is for his country to create one of their own, because they are fully aware of Libra Coin, and another one that that can add to the price's positive feedback is Bakkt's increase trading, Bakkt's prformance in the market will always give the price a push even though it has a bad start.
Bitcoin and cryptocurrency is always affected by the news because it's a world wide payment and also the media is really fast to reach people.
So, the ffect of the news in a media is really big in crypto, it can pump prices in minutes, so we have to aware with the news.
well , i was have a plan to sleep early on this day, but before i going to bed, i checked CMC for the last time, and i was suprised, btc going to 10k range .
firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k .
so , any though behind it ?
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
I have seen a lot of thread about the price of bitcoin and most of OP tells that the president of china is one of the reason on the sudden pump of the price. Even me I also think in that way and we all know that china is now very powerful today and they have advance technologies. So once they support bitcoin and blockchain technologies the price will probably increase. firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k .
so , any though behind it ?
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)
2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )
or i still missed something ?
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