Japanese run the BTC price! - page 3.

olubams

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

I have heard about several countries controlling what the price of bitcoin is or will be. I have heard about the Chinese, India, and Russia but bringing the Japanese into the picture is surely a new one that sounds strange. The price of bitcoin will fall an rise based on forces of the market and other factors. Ascribing it to just one thing especially countries is not only limiting the potential and penetration of bitcoin but making a false conclusion.

NeuroticFish

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Quote from: shulio on May 08, 2018, 11:26:23 AM

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.

It looks like the MtGox man has almost infinite supply of BTC to make the prices fall.
Luckily people keep buying Bitcoin and compensate for this now and then.

Now really. We need better story than this.
My take is that a manipulation is going on, from giving too high importance to the SEC meeting and decision on ETH (whether it's for real or not) to dumping a little to make the people sell.

Also I expect that some that bought at 6-8k have set 10k as the "cash in" price and some take their profits.
But I think that in less than a week we will be more than okay.

blockman

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!

It didn't close below $8,800 today. We don't want it to see sit back at that price.

Japan is one of the biggest market players and we can tell that they have their part on the market so are you saying that they are the new China?

Pamadar

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Quote from: thecodebear on May 08, 2018, 01:56:34 PM

Seems we are again testing the base support around $9000. Last time it went to 8800 and held strong there. If Bitcoin holds here in the low 9000s, making a double bottom around 9000, that should mean we're finally reading to take down $10k resistance.

Still speculations and without any concrete trace we are still in the range where investors and traders are still holding their positions, we are still lucky as Japan continue to support bitcoin and we are still holding at this level, just waiting for more new investors to come and join the ride, there's still a lots of positive things to come in terms of bitcoin value, Japan is not the only one who supports bitcoin there's also other countries that already using this system if more will adopt then price will be huge again.

gentlemand

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

In all the trading threads I read I've genuinely never seen anyone looking to Japan for the next move. I assume it's not that easy for foreigners to get money in and out compared to other places.

They may have volume, they don't have the hearts and minds of traders elsewhere.

thecodebear

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Seems we are again testing the base support around $9000. Last time it went to 8800 and held strong there. If Bitcoin holds here in the low 9000s, making a double bottom around 9000, that should mean we're finally reading to take down $10k resistance.

vit05

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I always watch out when the Asian market is opening. It seems to me that between 9:30 a.m. and 12:30 p.m., Japan time, the biggest changes in price usually occur. Unfortunately, in recent days it seems that this price always shows a downward trend. And then the scenario reverts 12 hours later when European and American markets begin to operate.

It's almost a struggle for balance, for the search for the right price. And that gives me the impression that once again we will see the price below the 9k.

vintages

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Quote from: shulio on May 08, 2018, 11:26:23 AM

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.

Don't be quick to point accusing fingers. Yes, the MTGox trustee messed up big time then, but I don't think that he might be the reason why the price of bitcoin is dipping recent. Anything could have caused it; the traders who are rushing off to sell since the price moved from 6k for 9k could have been the cause. Moreover, the recent price that dropped isn't that bad.

shulio

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The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.

target

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Quote from: mk4 on May 08, 2018, 11:03:31 AM

Well, the Japanese yen definitely has a huge influence on the global average price on bitcoin, buy saying that they run BTC's price is a huge overstatement. BTC's price on BitFlyer is currently at $9,151.22[1] though. How did you conclude that it might go down to $8800?

[1] https://coinmarketcap.com/currencies/bitcoin/#markets

He could be using the fibonacci or his margin price. If it closes that low then its going to be critical and will most likely drop more. Fear is always there and those who bought at such price before it went 9K will probably save themselves from loss. Is it possible to test the bottom again to break? If it would then get ready you may be able to buy the cheapest btc as possible.

mk4

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Well, the Japanese yen definitely has a huge influence on the global average price on bitcoin, buy saying that they run BTC's price is a huge overstatement. BTC's price on BitFlyer is currently at $9,151.22[1] though. How did you conclude that it might go down to $8800?

[1] https://coinmarketcap.com/currencies/bitcoin/#markets

carlisle1

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Quote from: ?? on ??

If Tokyo had a big earthquake Bitcoin would crash in my opinion!

Lol 😆 funny guy ..

In some areas maybe this is true since japan is one of bitcoins sweet haven ,and japan is oneof the most user of bitcoin in the whole world..

But i doubt that theres no anticipation of whales here,and for sure not all whales are japanese

jamesashmore1964

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If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

Topic: Japanese run the BTC price! - page 3. (Read 465 times)