Topic: How do you explain the recent surge in Bitcoin price? (Read 1807 times)
Wake up everyone, china publicly announced their new found love for crypto months ago not recently. This is the tether cartel.
I do think the China stuff may have triggered the initial rise. But it's not true that all movements are news-related. What tends to happen in crypto is runaway price movement. If some news can have a small effect, then that causes panic-selling and FOMO buying as people think the next phase of crypto's famous volatility is starting up, and they want to get in/get out as appropriate. It's kind of a self-fulfilling prophecy really.
I believe it is all due to Xi Jinping, he encouraged their country to accelerate Blockchain adoption in their country.
as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
Totally agree with this. Xi Jinping has been a great influence with adoption of Bitcoin. And it has been in the record before that China are opposing and cracking Bitcoin down. In addition China plays a big role in crypto currency community specially in mining, they produce for about 70% of total hash power in the world. Adopting maybe bitcoin or other stuff related in crypto currency is surely has a big impact in crypto currency market.as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
Many members here will justify the reason behind bitcoin surge to be china decision to implement blockchain technology as it is center for btc mining and have great impact on prices in global market but what i think is that whales are once again trying to manipulate the market with crearing pump situations and then suddenly we can see fall in prices to lower level to make profits.So any possible reason coule justify this sudden price surge.
LOL I see... 
You're buying the Peter Schiff theory...Don't you think it's just some FUD?
"Bitcoin’s recent sharp rally likely had nothing to do with China, or any fundamental factor. It clearly looks like market manipulation by whales looking to sucker in momentum buyers. By pumping up a technically weak market, they are able to dump more #Bitcoin at higher prices."
"Bitcoin hodlers won't sell as they believe they'll get rich when #Bitcoin moons. Bitcoin whales get rich by selling now to realize their paper gains before a market crash wipes them out. The whales must make sure the hodlers don't lose faith and cash out so that they can cash in!"
https://u.today/bitcoin-whales-are-selling-btc-before-market-crash-peter-schiff
Many members here will justify the reason behind bitcoin surge to be china decision to implement blockchain technology as it is center for btc mining and have great impact on prices in global market but what i think is that whales are once again trying to manipulate the market with crearing pump situations and then suddenly we can see fall in prices to lower level to make profits.So any possible reason coule justify this sudden price surge.
LOL I see... You're buying the Peter Schiff theory...Don't you think it's just some FUD?
"Bitcoin’s recent sharp rally likely had nothing to do with China, or any fundamental factor. It clearly looks like market manipulation by whales looking to sucker in momentum buyers. By pumping up a technically weak market, they are able to dump more #Bitcoin at higher prices."
"Bitcoin hodlers won't sell as they believe they'll get rich when #Bitcoin moons. Bitcoin whales get rich by selling now to realize their paper gains before a market crash wipes them out. The whales must make sure the hodlers don't lose faith and cash out so that they can cash in!"
https://u.today/bitcoin-whales-are-selling-btc-before-market-crash-peter-schiff
Many members here will justify the reason behind bitcoin surge to be china decision to implement blockchain technology as it is center for btc mining and have great impact on prices in global market but what i think is that whales are once again trying to manipulate the market with crearing pump situations and then suddenly we can see fall in prices to lower level to make profits.So any possible reason coule justify this sudden price surge.
When we are talking of manipulation, I don't think that we should be pointing accusing finger to china because china has never been a lover of cryptocurrency until recently, which it even got so bad to the extent of threatening to ban miner and of which we also know this really reduced the activities of the Chinese people in cryptocurrency, so if majority of them have been out for a while, why should we think that they are the ones manipulating the market.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think China has been a crypto "lover" for a long time,,, just that the state is the one always banning and changing its mind about the whole thing, but 100% in love with technology. The pressure to act and ban actually is from the thousands of scam cases that happened, not so much because they hate the concept of crypto.
Price these days also are not about China in this sense because nothing has changed about China itself.
When we are talking of manipulation, I don't think that we should be pointing accusing finger to china because china has never been a lover of cryptocurrency until recently, which it even got so bad to the extent of threatening to ban miner and of which we also know this really reduced the activities of the Chinese people in cryptocurrency, so if majority of them have been out for a while, why should we think that they are the ones manipulating the market.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think China has been a crypto "lover" for a long time,,, just that the state is the one always banning and changing its mind about the whole thing, but 100% in love with technology. The pressure to act and ban actually is from the thousands of scam cases that happened, not so much because they hate the concept of crypto.
Price these days also are not about China in this sense because nothing has changed about China itself.
Yeah even their country was banned crypto so many times but china exchanges are having so big volume, means china people are love to trade and investing in crypto currency.
Right now their president started to see the potential of cryptocurrency by developing their own blockchain technology, but i think they won't use blockchained technology builded and owned by their own country because it must be have backdoor and will be not decentralized. People love the freedom of owning cryptocurrency without no one knowing their wealth.
When we are talking of manipulation, I don't think that we should be pointing accusing finger to china because china has never been a lover of cryptocurrency until recently, which it even got so bad to the extent of threatening to ban miner and of which we also know this really reduced the activities of the Chinese people in cryptocurrency, so if majority of them have been out for a while, why should we think that they are the ones manipulating the market.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I think China has been a crypto "lover" for a long time,,, just that the state is the one always banning and changing its mind about the whole thing, but 100% in love with technology. The pressure to act and ban actually is from the thousands of scam cases that happened, not so much because they hate the concept of crypto.
Price these days also are not about China in this sense because nothing has changed about China itself.
The recent price surge is an actual bullish move and a new start of cycle that may lead to the next bull run neither a preparation for the near halving season but now we are in a couple of weeks in correction which is very normal after this price surge. We have to wait for the next bull market to start.
surges and price developments in cryptocurrencies we cannot predict with certainty and that is the risk we will get in investing in cryptocurrencies if the rise and fall of prices has become a common thing in investing with cryptocurrencies our confidence and our patience is a very important capital in investing with the crypto currency
For me in my opinion those recent surge in bitcoin price came from whale's only. wherein probably they start trying to manipulate the price again because there's a good news around the market. Such the good news from china which is surely can make can huge impact in crypto currency .Because you know whale's are very smart when there's a good news about the crypto. Wherein they will jump immediately to make a good sign in the market (and so that ppl will panic to buy and accumulate more.) But after that they will make a huge dump once they reach their traget price. Actually this thing always happened because of them. And for sure they will take advantage this news from china just to gain massive profits ..so be ready because it will swing like a roller coaster. Lol
I really believe that market correlation is one way of bull trap. The unexplainable surge of bitcoin price are just influence by President of China which contribute the advantage of whales to manipulate the price.
This is what I believe as well, it is too good to be true for the price to go up so fast and after it the price has remained at the same level for days.The whales are manipulating the market and are manipulating the perception you have of the market, just a few weeks ago it seemed as if the market was ready to go down even more and suddenly the price went up just when we needed it, and all that noise about China is just that and it is irrelevant for this market because China is not going to use a decentralized currency.
I really believe that market correlation is one way of bull trap. The unexplainable surge of bitcoin price are just influence by President of China which contribute the advantage of whales to manipulate the price.
the development of cryptocurrencies cannot be predicted with certainty and may be one reason as now with positive news the prices and values of crypto and bitcoin currencies in particular are increasing in price and value and of course the benefits of investors who invest with these coins patience will bring benefits for the investor I think China is the country that uses the most crypto in this market and all manipulation activities start from here so the financial problem certainly doesn't affect them much. In my opinion, big countries are starting to support this market more and if this trend can last for a few more years, Bitcoin will definitely increase in price. Now everything just stops at predictions so it is best to be more patient during this time.
I believe that the value of Bitcoin will soon stabilize and we have the right to hope for a better future for the crypto market. I personally expect the value of Bitcoin to reach $30,000 by 2022 because that is the year when there is a lot of important news for the entire market.
When we are talking of manipulation, I don't think that we should be pointing accusing finger to china because china has never been a lover of cryptocurrency until recently, which it even got so bad to the extent of threatening to ban miner and of which we also know this really reduced the activities of the Chinese people in cryptocurrency, so if majority of them have been out for a while, why should we think that they are the ones manipulating the market. I believe that the value of Bitcoin will soon stabilize and we have the right to hope for a better future for the crypto market. I personally expect the value of Bitcoin to reach $30,000 by 2022 because that is the year when there is a lot of important news for the entire market.
I think when we are talking of manipulation, majority of those things actually comes from the united states the more, and I don’t trust united states for even doing most of the things we see because they don’t like bitcoin and wants it dead.
I really believe that market correlation is one way of bull trap. The unexplainable surge of bitcoin price are just influence by President of China which contribute the advantage of whales to manipulate the price.
I think you were right it's kinda look like a trap but at least after it touches the $10k part it stays at $9k. And that saves the talking about of how the price of Bitcoin surges up suddenly without a prior notice. Everyone would think that it is because of the decision of the China's president but the truth is that it is just a mere results of price manipulation.
I really believe that market correlation is one way of bull trap. The unexplainable surge of bitcoin price are just influence by President of China which contribute the advantage of whales to manipulate the price.
Weill it looks like China is one of the contributing factors to this latest trip to the moon and everyone is talking about it, so it has had a ripple effect on the market in a most positive way, for Bitcoin and large-cap coins of course. Here is one tweet on it: https://twitter.com/Hawk_HKC/status/1188043787693522944, there are so many more now tweeting about the President of China's last positive outlook on the Blockchain and how it will have a positive impact now on 1.4 billion people, which is huge, to say the least. Once China goes big on somethign it goes big and nothing can stop it. There will hopefully be good competition and innovation because of this last stance China has taken towards the Blockchain.
That China news has been put out of context, I mean they love blockchain technology so I can't understand why suddenly the price exploded because of that news. Maybe whales riding on that statement and others started to sell that news to newbies to FOMO again.
It really hard to explain what's the real causes of the spike, maybe it's the China new or not. But as you can see on the price, after the FOMO the price started to go down, and in the last couple of hours it tried to get to $9500 successful but it was not sustainable. Meaning the news has died down already.
The whales took that as an opportunity to hide under the bakkt release to crash the market for their own benefit by creating fud in the market which enable them to do more of accumulation, and now comes the news of china which was actually a very good way for them to actually create fomo for profit to climb the already purchased coin, and you will see that soon, we may have another big correction when they start selling.
I believe it is all due to Xi Jinping, he encouraged their country to accelerate Blockchain adoption in their country.
as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
I agree too that China has a role in influencing this sudden pump up because of their huge population in which probably lot of Chinese businessmen answered the call of their president Xi Ping that the country should "seize the opportunity" of bitcoin's blockchain technology. Hopefully this will trigger the long awaited market Bullrun and to prove of how important is the Chinese in crypto community.
I believe it is all due to Xi Jinping, he encouraged their country to accelerate Blockchain adoption in their country.
as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
as US contenders, their actions will influence many countries because as one of the leaders in economy their actions can be considered as a path for others.
if China success in adopting the Blockchain, that means they are making a transformation and innovation in the industries.
I agree too that China has a role in influencing this sudden pump up because of their huge population in which probably lot of Chinese businessmen answered the call of their president Xi Ping that the country should "seize the opportunity" of bitcoin's blockchain technology. Hopefully this will trigger the long awaited market Bullrun and to prove of how important is the Chinese in crypto community.
CZ Binance sent an interesting Tweet block about that
CZ might have made a lot of money by investing in bitcoin and he went all in investing in bitcoin selling his house and now he is running a billion dollar company, it is a dream come true for everyone who is looking up to his profits and how he made his money and i am sure there are many who trusted bitcoin and went all in in the past.Obviously, we can categorically call CZ a bitcoin maximalist, or at least a ardent supporter of it. I remember that he even de-listed BSV when there was so much drama about it specially when CSW claims that he is Satoshi.
Pump or not, bitcoin will continue it's surge specially there is block halvening next year. If we wanted to be CZ or be the next crypto millionaire, time to accumulate this year < 5 digit is still a cheap price of bitcoin.
As long as we're active and kicking, everybody has the chance to become one of the millionaires around the world. Maybe not this time, but in the future. Every now and then surges will accumulate, so keep posted and updated with the ongoing market fluctuations, don't you dare miss it.
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