BTC Pumping After The Arrest of Sam | Bitcointalksearch.org

Hamphser

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Quote from: Wong Gendheng on January 25, 2023, 10:04:49 AM

Quote from: cryptocoupons on January 24, 2023, 07:33:57 PM

I don't think the Arrest of Sam has anything to do with this.

Right, bitcoin marketcap is currently around $450 billion and I'm sure it's very difficult for anyone or company to be able to pump or dump, some time ago a lot of people got their hopes up with elon musk but when they sell bitcoin market stock it doesn't drop significantly, or vice versa when he plans to buy bitcoin but the market is not really responding and this is a testament to the power of decentralization.

Its all random imho and there's no way that we could really tell that these fundamentals are precisely affecting Bitcoins price in some point.We could make out some assumptions that it is really that relevant but there

are times which its been mostly ignored and the price could move up independently without basing or relying on what are the current market issues and events that we could look upon.This is what makes things even
more harder for us to guess and predict on on what would be the next thing to happen.We've seen lots of issues and other huge events neither positive or negative ones
but not all the times they would really be making that effect.

STT

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Its news parallel, correlation not causation or something along those lines. The way it could be phrased is exhaustion, theres only so many idiot scenarios to fuel the negative jet engines. When they die, we stall in that momentum downwards. It really does not mean we now have to go upwards and all is well, we can react upwards and that move too can sell after some period.
Sam is not part of BTC is how I view it, I know he is in this universe but really its not enough to be important for BTC every day doing what its done for ten years; does he matter in that context no its just another sideshow.

Wong Gendheng

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Quote from: cryptocoupons on January 24, 2023, 07:33:57 PM

I don't think the Arrest of Sam has anything to do with this.

Right, bitcoin marketcap is currently around $450 billion and I'm sure it's very difficult for anyone or company to be able to pump or dump, some time ago a lot of people got their hopes up with elon musk but when they sell bitcoin market stock it doesn't drop significantly, or vice versa when he plans to buy bitcoin but the market is not really responding and this is a testament to the power of decentralization.

cryptocoupons

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I don't think the Arrest of Sam has anything to do with this.

Popkon6

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The owner of FTX liquidated its reserve assets, causing the coin, along with its exchange, to go bankrupt. And he certainly deserves the punishment which is imprisonment. If the owner of FT X keeps the assets in his own possession, this consequence does not touch him today. He could manage everything properly which succeeded in taking him to the pinnacle of development. This is his consequence today for scamming. These things happen to greedy people.

Kemarit

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As others have said, the price increased has nothing to do with SBF. On the other hand, what he did was really put the price into a lowest low. And now we are back to where we should be before the collapse.

For sure others are very happy to see the price at $22,000-$23,000 that should be our levels around November.

In any case, we could only hope that justice will be served in this case, and those who are responsible should be put to jail.

stadus

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You actually miss the news OP.
But anyways, whatever is the reason for the said price increase, we're too happy to see that. It was the fact that the market has always been affected not only by the FUDs but also with the positive news. People started to trust and buy more Bitcoin after the FTX issue, and the price started to recover back. However, it was not enough to keep the increase on the momentum and this is probaby because many people are also waiting for the pump and sell their Bitcoin. Too unfortunate but this is really happens in the market, we can't urge everyone to hold long-term - some get weak and sell.

EarnOnVictor

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The arrest of Sam has nothing to do with the buying of Bitcoin, the coin was nothing encouraging more than a month after the arrest of the guy. That's why I like people to be so speculative and stop relating what is not to the market. What is happening now is purely economic as US inflation is not rising anyone, it's stabilizing after two months' reduction.

This is good news for Bitcoin that inflation affected since 2021, so it would rise. And the market sentiment is now bullish since the long timeframes are now responding to the bullish impact on the chart caused by the ease of inflation.

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: Vaskiy on January 16, 2023, 05:56:32 PM

Quote from: Ucy on January 16, 2023, 12:36:14 PM

This kind of news would not make Bitcoin excited or move up as long as the ones who control it are not excited seeing people arrested or punished.
The bull was actually predicted last year and early this year by Bitcoin Master and it has been moving exactly as predicted.

Whenever something happens related to the crypto market, people easily makes some connection to the price movement. This something like a coincidence than the real factor behind the market movement. As said by the above user, it is predicted to have a bullish start due to the market getting prepared for the upcoming year's halving. Till now no one is sure, whether the market movement will last for longer time period or not. The market price have crossed $21k and the same could reach around $25k and stabilise for the next breakout.

The beauty of the crypto-currency market is that the essence of fundamental analysis is not underrated.
The market does not move on its own unless something ignite it to move and also in like manner the market does not drop on its own unless an active force push it to drop.
Therefore anything that affects the price almos is somewhat related to fundamental and it is totally not out of place if anybody links it today happenings in the economy.

The topic creator might be wrong relating the recent bull market to the arrest of Sam and in other hand he could also be correct because of the recent discoveries of monies related to FTX.

Dickiy

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I'm not sure about that, because Sam was arrested and the market became bullish?
Who is Sam Bankman to the market, he has nothing to do with the market except the crash.
the recent uptick is as it should be we are at the current level, Only the crash of FTX last time when the market was bearish added a deeper wound to the market.
I Think, Bullish news in early January that supported bitcoin pumping is such as the follow-up to the development of Bitcoin ETF futures investments by Blackrock, Cycle and Coinbase, touching the Moving Average and many more.

Nrcewker

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Nope that’s not true OP. Sam’s arrest doesn’t have any relation with the increase in price. The price only gets fluctuated when the traders interfere in it. The price of the coin increases when the demand of the coin increases. Bitcoins follow the policy of supply and demand. And as the supply of Bitcoins are limited, so when the demand increases the price automatically increases in order to fulfil the demand. The reverse also happens. You can also notice that there are more buy orders in any exchange when the price of the coin increases.

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I don't think, it's the arrest of Sam that made the price of Bitcoin to increase higher this year, because Sam is just an investor so he don't have the power to control the price of Bitcoin in the market. Many traders Carried out research early last year to saw what this year 2023 will turn into in the community which will be for the favour of long term traders and short term traders. Now that the price of Bitcoin has hit $21,732, showed that this year will be more better than last year because the price of Bitcoin started displaying some signs that made many traders to have hope of achieving something good in this season.

_BlackStar

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I can't believe the rise in the bitcoin price since early January this year was due to the SBF being arrested. There should be more reasonable reasons to say and it's like oversold or maybe it's time for bitcoin to recover. People won't be as panicked anymore, and it seems most of us agree that bitcoin won't touch $15K again this year.

Even though there may be good enthusiasm among investors after the SBF arrest, but the correlation may be very low and low. Even some time ago I also heard about the compensation from FTX, but still the effect is not comparable to the current increase. I tend to think The FED has a big role to play in current price move and its policies have sparked investor interest in investing in bitcoin and other stocks.

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Quote from: OnZen on January 16, 2023, 08:54:40 AM

I had a laugh at this, for sure the green arrow was needed, some could have mistaken SBF for the other two guys with police hats!
It's like in those crash videos where there is only one car visible but somehow the author still finds the need to point a red arrow at it, to make sure you don't look at the sky or something like this! Wink

Quote from: AnonBitCoiner on January 16, 2023, 12:12:14 PM

This may be the one of the BTC down reason, but there are other reasons as well. CZ tweeted as well about this that Btc price has been recovered to the place where from it down after FTX collapsed.There are still many other reason also like MtGox changed his mind.

The main reason was CPI data and speculation that FED will finally change its policy on interest rates.
The biggest hike during this bull run happened exactly as the numbers were released:
https://www.coindesk.com/markets/2022/12/13/bitcoin-as-november-inflation-data-shows/
A lot of shares also had a bump on that day, even Tesla managed to get a 10% back, the whole Nasdaq index went from 10,305 to 11,095 and shares are far less volatile than crypto.

The recovery of funds from FTX just kept the fire burning but alone they wouldn't have meant much.
Overall positivity is what brought this pump, not SBF or CZ or anyone else.

goaldigger

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Quote from: dragonvslinux on January 16, 2023, 07:25:40 PM

Not convinced the situation is that related. Once $18K levels broke many expected $14K, $12K or $10K, but instead price moved sideways then broke to the upside.

I can’t see any relation as well with the arrest of that guy since the money that recovered is still on their side and not to the real holders yet. There’s a lot of good news happened early this month though another rumor that BTC will still go dump because of the new negative issues, i guess the bear is still here and if BTC fails to hold on to $21k level, then we can expect correction again or worst the down trend. Consider other news as well, it can affect the whole market especially with regards to Bitcoin.

darewaller

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Quote from: Frankolala on January 18, 2023, 04:53:21 PM

Recovery of $5B cypto assets by FTX has contributed to the high in bitcoin price,many people will see it as good news and they will want to invest into bitcoin. The politicians and influencers who are encouraging SBF in the shitty game can even pump in funds just to influence the crypto market.

The bullish market hasn't come yet,we are enjoying the little increase which might not last but I wonder if bitcoin might go back to the bear market ant might be below 15k. this year or will it not go below 20k anymore due to FTX recovery of some funds.

$5B really? But, it's great that they still recovered it. The total amount scammed was $8B right? I am not sure if they still can find this missing piece because it was probably used for the different activities of SBF. If we want to invest in Bitcoin, we don't need to wait for a positive signs like this.

I know it's not an attempt made by whales to trap the investors but there are still a possibility that the price could collapse because there will be people who will sell their BTC once they see an increase. The best time to invest is always when the price is low. Until now there are still people who believes that the bottom is not achieved yet so maybe $15k or below than it is still possible.

TravelMug

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Quote from: Frankolala on January 18, 2023, 04:53:21 PM

Recovery of $5B cypto assets by FTX has contributed to the high in bitcoin price,many people will see it as good news and they will want to invest into bitcoin. The politicians and influencers who are encouraging SBF in the shitty game can even pump in funds just to influence the crypto market.

Not sure if this is the scenario that we all expected, there are a lot of money lost here and those who have lost big money? I doubt that they will reinvest it to bitcoin or any crypto asset. The FTX collapse put a bad taste to this investors.

Quote from: Frankolala on January 18, 2023, 04:53:21 PM

The bullish market hasn't come yet,we are enjoying the little increase which might not last but I wonder if bitcoin might go back to the bear market ant might be below 15k. this year or will it not go below 20k anymore due to FTX recovery of some funds.

This is just a recovery that we have been seeing, yeah, so it's not a bull run.

We will have to see, so far the market is very positive so hopefully we will not go back to $15k or new lowest low for this year.

coupable

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Quote from: Accardo on January 16, 2023, 11:27:34 AM

Quote from: coupable on January 16, 2023, 09:56:13 AM

However, this cannot be the reason for the price improvement, because it has occurred since the beginning of last month. Moreover, stopping him does not solve the crises in which the market occurred because of him, because he simply cannot compensate for the losses because the value of his property and the property of the platform exceeds the compensation that is supposed to be paid to the direct affected users of the platform.
The improvement in market prices in recent days may be caused by the announcement of the start of disbursing compensation to those affected by the mtgox scam, starting next March, and the announcement of Ethereum about the fork, which will enable the beneficiaries of staking services to withdraw their money.

It's easier to predict the reason to a plunging bitcoin price compared to the bullish bitcoin price. They are many criterion starting from the market makers, whales and individuals in the market who can impact positively to the market price. I think we should be more concerned about how far it'll go and worry about if it'll go back bearish. Guessing over the reason we are making profits shouldn't be a problem as we may be predicting wrongly.

Since we are in a period of decline and stagnation, it is difficult to study the price movement if it takes an upward trend. I agree with you that the improvement in the price does not represent a sign of market recovery and that we are still far from the expected state of stability. And since all expectations indicate that the turnout rates for the use of crypto services platforms have decreased significantly, and that restoring their confidence will require a long time, the length of which cannot be predicted. Personally, I like when prices go down because this is an opportunity to buy Bitcoin.

Frankolala

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Recovery of $5B cypto assets by FTX has contributed to the high in bitcoin price,many people will see it as good news and they will want to invest into bitcoin. The politicians and influencers who are encouraging SBF in the shitty game can even pump in funds just to influence the crypto market.

The bullish market hasn't come yet,we are enjoying the little increase which might not last but I wonder if bitcoin might go back to the bear market ant might be below 15k. this year or will it not go below 20k anymore due to FTX recovery of some funds.

TimeTeller

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Quote from: Fundamentals Of on January 16, 2023, 09:03:52 PM

This is late reaction if you want to connect Bitcoin's increase in its price and the arrest of Sam Bankman-Fried. Sam was arrested weeks ago. In fact he is even already set free. He is allowed to set bail. So this rise in the price that we are seeing for the past days is not caused whatsoever by the arrest of Sam. It isn't related at all. The rise of Bitcoin's price is of course brought by more than one cause but it is mainly demand-driven. And people don't buy Bitcoin simply because Sam was arrested.

Seems that the OP is bit late with his reaction, but btc pumping is not owed to SBF's arrest.
Yes, he is free because of the multi-million dollar bail. I believe there's sudden increase because FTX said that they located about $5B of assets.
Now, if it will be distributed to its investors, we don't know yet. We have no idea what they will do to those located assets.
I believe it is also the contribution of other positive news why we surpassed the 20k level, it should not be focused only to the FTX case.

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