May 13th, Bitcoin will surge to $70k or it will be dump? - page 7.

bitterguy28

full member

Activity: 2114

Merit: 182

★Bitvest.io★ Play Plinko or Invest!

Quote from: janggernaut on May 03, 2021, 01:44:46 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.

Well 20 billion dollar is a Big amount and may lead to price shaking if being withdraw or sold so Yeah this maybe something that will change the movement of Bitcoin and the whole crypto market as it was always a domino effect.

buwaytress

legendary

Activity: 2912

Merit: 3603

Join the world-leading crypto sportsbook NOW!

Can't find the topic now but about 2 weeks ago, I think someone was saying exactly the type of effect Alibaba might have should it truly decide to put even 1% of its capital into Bitcoin. Jack Ma's got almost the same sort of reverence and fandom that Tesla's man does. Perhaps not as global, but even if half of the country responds positively to Alibaba going into Bitcoin, it'd have some kind of magnitude.

Ma's rumoured to be under intense scrutiny from the CCP though...

davis196

hero member

Activity: 3094

Merit: 929

Wasn't crypto buying/selling banned in China?I'm not familiar with the regulatory frame,when it comes to trading cryptocurrencies inside China.However,this is most likely fake news.
If Alibaba had really bought that much of BTC,we would have already known this information by now. Grin

The Bitcoin market has turned into a joke.Waiting for the next big corporation to buy BTC,just for the sake of pumping the price with another 10-15K USD.This simply isn't serious. Grin

btc_angela

hero member

Activity: 2660

Merit: 551

I thought that Alibaba has already shoot down the rumour already?

Besides the Chinese government is hot on Alibaba and Jack Ma's company, their IPO didn't went on schedule because of regulatory pressures. And with that, I doubt that they wanted to make it worst on the eyes of Chinese regulators by investing their assets on BTC. And there was a interview from Jack Ma in 2019 saying that bitcoin is a bubble. So did he made a U-turn? So again, will take this rumour with a grain of salt.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: janggernaut on May 03, 2021, 01:44:46 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.

We don't know what is the real situation will come in future and also we all know how hyping works so that the other who want to earn with it get a lot of money for just spreading something like this, so if I where you better you should follow the market trend since for now we can't feel the effect of that news maybe if there's something good support to back up that claims maybe we can speculate but not at that higher price maybe lets just see that the price of bitcoin cross to 60,000 dollars again so that we can conclude that figure might possibly hit at the given date.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

If Alibaba announce a big bitcoin purchase then the price could pump. It definitely won’t dump if they don’t announce a big bitcoin acquisition though. Bitcoin is a mature market now, we don’t dump on bad news as often or as deeply any more.

Oshosondy

legendary

Activity: 1554

Merit: 1167

Gamble responsibly

Fomo people can buy bitcoin if they fear the news of big companies buying bitcoin, but I can not guarantee there will be price surge for now, anything can happen, but if such news like Alibaba bought bitcoin worth of $20 billion surface, it will make some people to just fomo and buy more bitcoin, but the news might not be. With what I am checking out, the price of bitcoin is not yet time to get to $70000, though if investors like other institutions are setting in and buying bitcoin, surely the price may rise to over $70000 but the price just yet always below $70000 for now.

pooya87

legendary

Activity: 3472

Merit: 10611

meh.

I think the time for hyping and panic selling is over. The price is stuck in $50k range so with or without this news there is only 2 possibilities left that we can see in this month.
1. Price stays here and keeps going up and down between $50k and $60k.
2. Price breaks the resistance and shoots to $70k as the panic sellers of last month become the panic buyers of this month.
There is always someone doing something in bitcoin world. The trend is this and they can only speed it up in one direction or the other but not change it.

janggernaut

legendary

Activity: 2366

Merit: 1130

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.

Topic: May 13th, Bitcoin will surge to $70k or it will be dump? - page 7. (Read 1096 times)