May 13th, Bitcoin will surge to $70k or it will be dump? - page 4.

darewaller

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Quote from: plr on May 09, 2021, 06:10:54 AM

Why the word dump when its good news if we have a confirmation that Alibaba really invest $20 billion why will it cost a big dump, it's a confirmation that Bitcoin has passed the bubble stage where many big companies and well known people consider it a bubble years ago, when all the big companies are confirming Bitcoin's existence then we are moving forward.

I think it is about "if this news is correct, people will buy more and if it is wrong, the ones who bought anticipating this will sell" type of situation. Basically there are some people who already bought because they believe that Alibaba bought 20 billion dollars worth of bitcoin, and some people are still uncertain about it and will decide depending on the news.

So, if the news is correct the undecided will buy as well and the ones that bought earlier will profit and the price will go up, however if the news is wrong that means undecided will not buy, so the earlier ones will not profit and they will sell as well so the price will go down. This is what is suggested but I do not think that its correct, I believe it is wrong, Alibaba most probably did not buy 20 billion dollars worth of bitcoin because if they did that, the price would have increase insanely high right away.

SquallLeonhart

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Quote from: Silberman on May 09, 2021, 11:01:46 AM

That will definitely push the price up but I do not know for how much, after all even if this is true and the amount of bitcoin that was bought is many times higher than what Tesla bought we must also remember that Tesla and Elon are seen as the way to the future so it is not going to have the same media impact as what Elon did, also the scenario is different, when Tesla announced this the price of bitcoin was lower and now it will be more difficult to go up in price now that its price is so high.

First of all, we must need confirmed news about Alibaba's investments into bitcoins; if we assume that will be true and confirmed then we might see same level of growth what Tesla had induced in recent times; I mean the current price levels are insignificant against FOMO. Moreover, most whales will cancel their sell orders which will again lead to jumping of prices levels into peak more easily.

People are mistaking the money required to move bitcoin market from $1000 to $2000 is much higher than moving from $10 to $20; but, it is all about volume.

If there are millions of selling orders happen when moving toward $20 then it would require obviously billion dollars. At the same time, when moving toward $2000, if there are less selling orders then just thousands of dollars are enough to reach $2000.

Same applies when bitcoin will be moving toward $100k or $1 M or $10M or $100M levels. Please remember, when there are more confident then people will change their mind and will cancel their sell orders. That's all.

Silberman

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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.

That will definitely push the price up but I do not know for how much, after all even if this is true and the amount of bitcoin that was bought is many times higher than what Tesla bought we must also remember that Tesla and Elon are seen as the way to the future so it is not going to have the same media impact as what Elon did, also the scenario is different, when Tesla announced this the price of bitcoin was lower and now it will be more difficult to go up in price now that its price is so high.

plr

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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.

Why the word dump when its good news if we have a confirmation that Alibaba really invest $20 billion why will it cost a big dump, it's a confirmation that Bitcoin has passed the bubble stage where many big companies and well known people consider it a bubble years ago, when all the big companies are confirming Bitcoin's existence then we are moving forward.

traderethereum

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Quote from: RealMalatesta on May 08, 2021, 03:48:21 AM

Yeah bitcoin is slowly climbing up toward $60k levels, it may test a new ATH in coming days regardless of what those institutions or corporate's hand into bitcoin markets. I personally believe there cannot be any big fluctuation on May 13th just because of those China market giant. We may have calm market conditions like how we are doing last 2 weeks of times.

So far, we did not experience any bull run due to any big money like 20 billion dollars inflow hence if that news turns as a rumor then we will not have any downfall but at the same time if it will be confirmed then we may start seeing another round of bull run.

We will see it later the next week, and hopefully, the price can back to $60k in the next week.
But reaching the last ATH will not easy as that still need more time to break every high price and needs more support to lift the price.
Even if a big fluctuation happens on May 13th, that will not stop bitcoin price moves to the high price because bitcoin can still make a new ATH.
That can be another bull run that will happen this month and lift the price to break the next target high price.

Quote from: Clement Kaliyar on May 08, 2021, 07:10:31 AM

Quote from: traderethereum on May 08, 2021, 02:01:51 AM

We can hope that it will not happen because we already reach $50k and even the price now is back to $57k, so maybe the chance to increase now will be bigger than before.
But we need to be careful because the downtrend will always come after the price reaches the highest price, so you need to know what you need to do if the downtrend comes.

As long as the investors are confident in invest in Bitcoin irrespective of the price we will not see any major correction, today the market grew over 3% and it is trading over $58.5k and i think we will pause at the resistance this time too.

After what they saw happened to bitcoin from a long time ago until now, they are confident to invest in bitcoin and even if any major correction comes to them, some big companies will think it is their best luck to buy bitcoin at the lowest price.
I guess the price will stay or stable at that price, but it could start moves in the next week.
If that is happening like that, I think that will be a good time for the altcoins to increase.

Quote from: Clement Kaliyar on May 08, 2021, 07:10:31 AM

Quote from: traderethereum on May 08, 2021, 02:01:51 AM

I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

The price will be back to $60k but whether it will break the resistance this time is the big question. I think it will take a much longer time to break the resistance.

Breaking the resistance will only a matter of time and I am sure it will happen sooner or later, although we do not know when it will happen.

MFahad

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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.

If ali baba announce their investment in bitcoins, it will be very bullish for bitcoin. However, if there is no such news on 13 May, even then i don't think bitcoin will dump. Bitcoin will keep on moving side ways and won't dump because there is a lot of demand for bitcoin. Whales are ready that you sell and they buy at whatever prices.

zanezane

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Quote from: Gaaara on May 09, 2021, 02:51:12 AM

Quote from: zanezane on May 09, 2021, 02:38:28 AM

~

It's one of those 1 liner where they say that bitcoin is going to fall without having any proof or at least a foundation to create an argument, it's just a wild guess.

Nonetheless even if Alibaba didn't really bought bitcoin or doesn't have any plan to buy at all the news had already spread and media is kind of a wild fire where a small news can get bigger in a short amount of time, which means bitcoin has already got so much attention throughout that rumors and is currently getting hyped which is generally good.

That's why I want to challenge the claims that bitcoin will collapse, I want to assure the person that before I disagree with him/her, he/she has some arguments to support the claims. I hope that it will be more than rumor because if it really is just a rumor then those sensational stories picked up by the media will only propel it ever so high.

Gaaara

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Quote from: zanezane on May 09, 2021, 02:38:28 AM

Quote from: proudhon on May 07, 2021, 09:58:41 AM

The price of bitcoin is going to catastrophically collapse after the 13th. It's so obvious it hurts my scientific brain.

How does it collapse though, I am pretty curious about it since you said that it is pretty scientific. I don't know if Alibaba really did bought a lot of bitcoin but if this rumor proves true then that means that the prices are going to pump real high.

It's one of those 1 liner where they say that bitcoin is going to fall without having any proof or at least a foundation to create an argument, it's just a wild guess.

Nonetheless even if Alibaba didn't really bought bitcoin or doesn't have any plan to buy at all the news had already spread and media is kind of a wild fire where a small news can get bigger in a short amount of time, which means bitcoin has already got so much attention throughout that rumors and is currently getting hyped which is generally good.

zanezane

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Quote from: proudhon on May 07, 2021, 09:58:41 AM

The price of bitcoin is going to catastrophically collapse after the 13th. It's so obvious it hurts my scientific brain.

How does it collapse though, I am pretty curious about it since you said that it is pretty scientific. I don't know if Alibaba really did bought a lot of bitcoin but if this rumor proves true then that means that the prices are going to pump real high.

rodskee

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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.

4 days to go , I'm still watching your Predictions Grin

, I will never let pass any of them to see the credibility Grin

if I'm not mistaken you have created multiple speculative thread that i come across Wink

I'm holding my coins still , and no plan of selling not until bitcoin reached 100k , so 70k is the first sign for me then 80k and if that being reached, surely 100k will be the next .

janggernaut

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Quote from: Ridwan Fauzi on May 07, 2021, 05:09:56 PM

That is really good news and will give a good effect for bitcoin price movement. There is no different cases with Tesla, I mean a huge pump will come if Alibaba announch that they already invested their money into bitcoin.

Bitcoin price movement still move in the sideaway market, I mean there is no panic selling when its price failed to passed the previous all time high $64.000 but its price just meet a small correctio to $55.000.

This has pointed out that many investor just comfortable to hold their bitcoin and forget a huge that will happen after a huge increase like 2017 ago. So as a good news will really give a huge effect for bitcoin moreover the news come from the popular company.

This still a rumor, no one has said this is the real news and all people will hope this rumor will comes true.

Quote from: fadhilz123 on May 07, 2021, 06:09:00 PM

Today is May 7th and the price of Bitcoin still around $57K. So about your question is 6th days later based on the situation Bitcoin will not reach $70K, and I think Bitcoin also will not dump but Bitcoin will keep continue to increase slowly but surely.

Actually, I didn't expect such a question from a Legendary Member. So can you stop make a thread like this

Bitcoin will surpass $70K you just need to patient

Bitcoin is indeed going to $60k, but have you seen bitcoin dominance? It's still 45%, not a good sign if you are hoping bitcoin can go $70k.

Quote from: pilosopotasyo on May 09, 2021, 01:35:35 AM

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.

So we have 4 days to wait for the results of the audit, so the results are a confirmation that they indeed bought $20 billion of Bitcoin, so from rumors we now have confirmation, this is something to watch out for and see how the community reacts, many investors wait for the confirmation before investing, those who buy the rumors are going to make a big profit when this is confirmed.

What audit? It said it will be published on unaudited, not fully audited yet.

pilosopotasyo

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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.

So we have 4 days to wait for the results of the audit, so the results are a confirmation that they indeed bought $20 billion of Bitcoin, so from rumors we now have confirmation, this is something to watch out for and see how the community reacts, many investors wait for the confirmation before investing, those who buy the rumors are going to make a big profit when this is confirmed.

nightwishx

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Quote from: Jating on May 08, 2021, 06:56:00 AM

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

Bro, I think if these "rumors" are true, BTC will hit ATH again in a fairly short time, even sooner than Tesla's announcement, imo. Moreover, Alibaba buys an insane amount of money, it can increase the value of bitcoins significantly quickly

adaseb

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The reason why BTC is not doing anything while all alts are going crazy is because the dominace is dropping like a rock since beginning of April. Until we see dominance start to go up, it will keep trading sideways and alts like ETH, XRP, Doge will rally like crazy breaking ATH after ATH.

Currently most people rather buy Doge or ETH because BTC is just too expensive. Most people believe it will hit $100K, however it doesn't leave much profit if they buy at say $50K. Its only 2x gains.

If they buy Doge or ETH or that Shiba coin they can make 5x or more 10x gains. Hence why people are dumping btc for alts. And it will be this way until the trend reverses.

pooya87

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Quote from: TravelMug on May 08, 2021, 07:09:01 PM

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

That's because $59k is not important, the $60k is. Similar to $53k not being important (support) but $50k is.
The day traders are also still pretty busy pump and dumping shitcoins so they are remaining in the altcoin market for the time being and won't jump back for $59k. They are waiting until the newbies run out of money in altcoin market then dump and come back or for bitcoin to break $60k to dump and run back.

Pamadar

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Quote from: TravelMug on May 08, 2021, 07:09:01 PM

Quote from: Jating on May 08, 2021, 06:56:00 AM

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

Yeah, it's weekend so we should expect a slow down, so I wouldn't mine seeing the price on the $58k and then slowly getting up again tomorrow Monday as we may see a huge volume again during the start of the week. That $70k might have to wait though, steady gains is what we wanted, we don't want to see artificial pump just to reach this milestone.

Slowly but progressive is better than artificial pump that may breakdown really quick.

Weekends might show some fall as some may cashout for some personal reasons, but along the way we are still seeing good market
movements, there are long term investors who keep their assets and wait for their target than those day traders who are just scalping and trying to rinse from time to time.

TravelMug

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Quote from: Jating on May 08, 2021, 06:56:00 AM

It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

The price went over $59,000 several times but it was not enough, there is no momentum as traders sold off at this price.

Yeah, it's weekend so we should expect a slow down, so I wouldn't mine seeing the price on the $58k and then slowly getting up again tomorrow Monday as we may see a huge volume again during the start of the week. That $70k might have to wait though, steady gains is what we wanted, we don't want to see artificial pump just to reach this milestone.

Clement Kaliyar

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Quote from: traderethereum on May 08, 2021, 02:01:51 AM

We can hope that it will not happen because we already reach $50k and even the price now is back to $57k, so maybe the chance to increase now will be bigger than before.
But we need to be careful because the downtrend will always come after the price reaches the highest price, so you need to know what you need to do if the downtrend comes.

As long as the investors are confident in invest in Bitcoin irrespective of the price we will not see any major correction, today the market grew over 3% and it is trading over $58.5k and i think we will pause at the resistance this time too.

Quote from: traderethereum on May 08, 2021, 02:01:51 AM

I hope that the price can back to $60k in the next week and hopefully, that can still increase higher and reach $70k.

The price will be back to $60k but whether it will break the resistance this time is the big question. I think it will take a much longer time to break the resistance.

Jating

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It's weekends but we have a good bump on the price at $58k.

We might not hit $70 on May 13th, but I think it's feasible that at least $60k will be in the range by that time and I would take it anytime of the day.

Let's way for the $70k surge here, with or without this so called rumour. We still have weeks to do that this May and I wouldn't be surprised if we will get near that price or have a new all time high again.

newwest

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Quote from: NameBaby on May 07, 2021, 08:22:49 PM

I think this is just a fake rumour to pump the price up. If they have realy done that, they would annouce it already.
Anyway I think Bitcoin will not go below 45k now

I do not expect any price fall because only the rumours exists and just in case if they published they hold it then market may rise else would be near at the same level if they do not mention anything about btc which means they not holding it. Btc no doubt is getting back to its 60k levels and might continue to get stable above it.

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