May 13th, Bitcoin will surge to $70k or it will be dump? - page 2.

LUCKMCFLY

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Quote from: Jating on May 13, 2021, 06:04:15 AM

Quote from: slaman29 on May 13, 2021, 05:13:14 AM

Quote from: LUCKMCFLY on May 12, 2021, 08:04:24 PM

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

Yeah, I think this is the reason why the market all of a sudden goes down.

So still as much as we hate Elon, he know became an influencer, in the beginning when we says that they have bought bitcoin and used it a hedge on their balance sheet, we all sing praises for him. But he is becoming worst by day. And then his statement? Damn, I don't know where he get his information because obviously, it is misconstrued.

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

Yes, it is incredible that in less than 1 hour the bitcoin has fallen by 10% completely, but not everything is bad, because Mark Cuban countered by saying that the Mavs do accept Bitcoin.

Quote

We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ

— Mark Cuban (@mcuban) May 12, 2021

Source: https://cointelegraph.com/news/mark-cuban-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin

It only remains to wait and see if the price of BTC recovers, I think it will be a slight drop, Elon Musk may be opening the way to build his next tweet for Doge, and cause a pump to win.

Jating

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Quote from: slaman29 on May 13, 2021, 05:13:14 AM

Quote from: LUCKMCFLY on May 12, 2021, 08:04:24 PM

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

Yeah, I think this is the reason why the market all of a sudden goes down.

So still as much as we hate Elon, he know became an influencer, in the beginning when we says that they have bought bitcoin and used it a hedge on their balance sheet, we all sing praises for him. But he is becoming worst by day. And then his statement? Damn, I don't know where he get his information because obviously, it is misconstrued.

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

slaman29

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Quote from: LUCKMCFLY on May 12, 2021, 08:04:24 PM

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

bakasabo

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Quote from: onecall123 on May 13, 2021, 12:25:00 AM

Elon just added a little punch to the crypto, and this is not a new.

Elon could knock out crypto if he withdraws his $1.5 billion from Bitcoin. Some actions must be done against this "boxer". He is too popular and too dangerous for the market. Right now he is a biggest manipulator, in future he would become a crypto dictator.

Dont expect Bitcoin price to grow up anytime soon. It is loosing its dominance. Summer is near. Alibaba investment is a fake. And we havent seen "bears" for a long time.

onecall123

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^ yeah when I woke up this morning I have noticed Tesla announcement on Bitcoin, stops taking bitcoin as payment for purchasing Tesla. This is why everything is tanking right now. The whole global market is down. Better marked safe you from panic selling, there always someone who get the advantages upon your activity.

Elon just added a little punch to the crypto, and this is not a new. I wanna buy more but I already run out my balance. I simply stop looking at it for next couple of hours and than it's back to normal lol

LUCKMCFLY

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It is already May 13, but there is a relevance, Tesla makes another announcement that I do not know what impact it may have on the market:

Tesla stops taking bitcoin for car purchases, citing 'great cost to the environment'

Quote

"We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," read the statement.

At first the news is shocking, and only the mere fact that Tesla is involved draws much more attention, both for BTC and Doge, but later they assure this:

Quote

"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy," the new statement reads. "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction."

Source: https://www.theblockcrypto.com/linked/104720/tesla-stops-taking-bitcoin-payments?utm_source=cryptopanic&utm_medium=rss

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Slow death

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tomorrow Is May 13 it seems that we will not see the price reach $70k. But what I see is that the price is falling, nothing to worry about because the Support that is above $50,000 is a very strong Support and even if that Support broke there is still another strong Support that is at $47000, then it has $42000 that in my opinion is the strongest Support and that will make it impossible for the bitcoin price to fall below $40,000 someday, your price prediction was wrong. but you still have all day tomorrow

Quote from: kapalmabur on May 12, 2021, 02:35:01 PM

then what about May 13? I see the Bitcoin price has corrected again.

I doubt that the price will fall much, probably within the days it will be above $55000 again

kapalmabur

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

Quote

USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

many large companies are adopting Bitcoin, but the dominance of bitcoin has dropped to 45%,
somehow? this is the same as 3 years ago when the dominance of Bitcoin fell to 30% altcoins experienced a high increase while Bitcoin was bearish for a long time,
then what about May 13? I see the Bitcoin price has corrected again.

Febo

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Quote from: FanEagle on May 12, 2021, 10:50:41 AM

Quote from: ?? on ??

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it...

Many people are sharing like they are not ready to believe in this but I like to ask them when we individuals are planning for better future through bitcoins, then market giants with billions of money why not think about not missing an opportunity which is running for more than 10 years and giving out good ROI.

Believe or not, your friends and your colleague also might be involving with bitcoin in some other way but not disclosing to you for some reasons. This way big companies and celebrities will unveil their secret investments over the time if needed or will keep them hidden forever but we can assume by seeing stronger rallies with bitcoin markets.

You will not have to wait long to be sure if your assumption is right or wrong We are one day away from disclosure. Tomorrow we will see. I wonder how many people believe this is true and bought Bitcoin because of it and will dump when will realise it was a lie. If no one there will be no dump. If many there will be huge dump. Same with the opposite.

LUCKMCFLY

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There are many predictions that bitcoin can even reach $ 80k, in the analysis of this article they show the short-term graph, especially at 4h where the analyst specifies that a bearish movement is more likely than a bullish movement, however it is the short-term trend and is easier to reverse if a major move occurs:

Quote

On the 4H chart, Bitcoin (BTC) is trading sideways; however, the short-term scenario is more bearish than bullish. A possible drop is confirmed by increasing selling trading volume, which means that traders might expect a fall to $53,500 very soon.

Source: https://u.today/btc-eth-xrp-and-doge-price-analysis-for-may-12

Just looking at the Bitcoin chart you can see a slight laterality, you can even see that it has grown a little, around 2%, but it still has a degree of uncertainty.

johnwest

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It doesn't look like BTC is going for the 70k$ price any time soon. It is barely holding the support at this moment and might not be able to hold if there is no volume for it. Also, we have seen the Facebook FUD, 2 weeks ago, so probably, Alibaba is also a similar FUD. This is not a good sign for crypto in general, these FUDs making the market uncertain and the impact of this will be on the small size traders.

FanEagle

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Quote from: ?? on ??

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it...

Many people are sharing like they are not ready to believe in this but I like to ask them when we individuals are planning for better future through bitcoins, then market giants with billions of money why not think about not missing an opportunity which is running for more than 10 years and giving out good ROI.

Believe or not, your friends and your colleague also might be involving with bitcoin in some other way but not disclosing to you for some reasons. This way big companies and celebrities will unveil their secret investments over the time if needed or will keep them hidden forever but we can assume by seeing stronger rallies with bitcoin markets.

buwaytress

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Been seeing this 57k resistance level being thrown around a few times now and not sure where it's coming from but the charts this week do seem to hold true to that. Loads of buy trades on LBC also taken down around this range, stuck around 54-55k, at two currencies I'm watching for anyway.

Always feel like there's something they know I don't, or traders just preparing for some volatility coming up to Friday. Either way, sideways we go.

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Quote from: btc78 on May 11, 2021, 07:21:48 AM

Quote from: slaman29 on May 11, 2021, 07:04:33 AM

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

at least 10-15% mate to be specific, so basically we need a Bull effect from this moment till the next 2 days more.

But I was specific, I just said 10% consecutively from today, which means about 20% and well, it's still not too late as we can see BTC recovering but there is a strange resistance at 57000 no one can seem to explain except perhaps 57/58 is where most bulls bought their holdings so don't want to let it climb too far above that to keep buying entry:)

bakasabo

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Quote from: slapper on May 11, 2021, 07:40:16 AM

Quote from: bakasabo on May 11, 2021, 02:06:00 AM

Isnt Bitcoin banned or have some limitation in China? Alibaba, or Alibaba group are China registered campaigns. I would not rely much on Alibabas report surging Bitcoin price high. From my point of view China and cryptocurrency are like ticking bomb. They can make a huge explosion and drop price to the bottom, or they can "wind up the clock" again. I dont think that in 2-3 days something extraordinary would happen. We would still be in flat market with the price of Bitcoin $54-58k.

There are few restrictions in using bitcoin in China. However, Alibaba is one of the biggest companies and compromises should be made between them and the government. I also do not rely on the upcoming report but others are expecting to see positive news from the company. If they truly hold bitcoin, a price of bitcoin will definitely surge to the latest ATH. Then, $70000 will be our next possible target in a short term

This does not look like a fair competition. Why someone should face restrictions, but those who have a lot of money only compromises. It is clear that Alibaba brings a lot of money to Chinas treasury. But such unfair situation might trigger other to avoid using Alibaba.

I think this all is just a clickbait. There is no real proof. This is just a rumor and Alibaba did not verity investment info. Alibaba group consist of a large number of companies and thousands of employees. If they really had made such and investment, such information would have leaked.

lionheart78

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Quote from: bitterguy28 on May 10, 2021, 06:21:28 AM

3 days more , do you think this is still possible mate?

I'm no seeing any sign that this will indeed to happen.

Well the Bitcoin market is very unpredictable, even though we don't see any sign that this surge will happen, we still don't know what will happen next. All we can do is to speculate and hope that the surge will happen but I think the bitcoin market price will continue to move sideways since the news on Alibaba buying BTC seems has no effect at all.

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Quote from: janggernaut on May 03, 2021, 12:44:46 AM

I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

Quote

USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

This is amazing about bitcoin.
I think if this news is true that alibaba has invested in bitcoin assets as much as $ 20 million dollars, maybe this is a form that the price of bitcoin will continue to rise and will be reached in the near future worth $ 70,000 percoin. an amazing thing.

mrjoy15

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Quote from: kotajikikox on May 11, 2021, 08:50:52 AM

Quote from: target on May 11, 2021, 08:12:03 AM

Quote from: arwin100 on May 11, 2021, 07:57:09 AM

Quote from: slaman29 on May 11, 2021, 07:04:33 AM

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days left but its not going to break any resistance above. The bright side is that the marketcap of cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

yep, we have two days in hands but there is no syndrome Bitcoin could break the 60K resistance. Bitcoin tried twice attempts but every time no shine. There are literally nothings we can do and better off doing nothing. I pick my decision, go through hold on this tough market.

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Quote from: kotajikikox on May 11, 2021, 08:50:52 AM

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

At least maybe price can keep stable although can't break $60k. Good news can be used for people to keep holding their assets. Although not much demands but no more selling is can already help bitcoin price to be stable. My prediction maybe 1-2 month bitcoin price start to get affected from that Alibaba news if really happen.

kotajikikox

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Quote from: target on May 11, 2021, 08:12:03 AM

Quote from: arwin100 on May 11, 2021, 07:57:09 AM

Quote from: slaman29 on May 11, 2021, 07:04:33 AM

It'll need to pump 10% consecutively from tomorrow for the target to be hit. Looks like some other alts (we all know, no need to say) are the ones easibly blasting past ATHs and making new ones but BTC seems to be having a really hard time no?

Sell pressure hard to beat at 60k!

Looks like we can possibly see more dumps since market still showing some bad movements so maybe we csn expect that the target predicted price to be reached on May 13 cannot be hit, although we shouldn't lose hope since maybe one of this month we can achieve that and $70k is not far to reach though it needs more time before we can see this happen.

My thoughts as well. 2 days left but its not going to break any resistance above. The bright side is that the marketcap of cryptocurrency market continues to grow bigger. There is money flowing in crypto, the money however isn't going into the major coins like BTC. Its going into the altcoins we never know people will actually invest in.

sad reality . the 60k resistance becomes a Hard barricade now , after being broken twice now it seems that Bitcoin cannot even make close.

two attempts this week alone but did not make it there.

so for me the 2 days remaining is not enough, and the whole month of may is the possible chance of making this thread happening.

Topic: May 13th, Bitcoin will surge to $70k or it will be dump? - page 2. (Read 1131 times)