Obvious price push - page 2. | Bitcointalksearch.org

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Roy Asher on July 26, 2021, 09:29:15 PM

On this day, we experienced a 14% price increase and then fell to 37,000. At first, an anonymous source inside Amazon told CityAM, a London business newspaper, that Amazon planned to accept Bitcoin payments by the end of 2021. She stated that Bitcoin is the first step for Amazon to realize its cryptocurrency ambitions. Although the news spread quickly under the media or professionals, Amazon did not immediately issue a statement denying the rumors. What is happening now after this is that Amazon has denied the City AM rumors. I opened the market and saw that it was already falling. In the matter of Musk and Amazon, investors in our market pay too much attention to them and expect them to make a difference.

https://cryptobriefing.com/amazon-denies-rumours-of-cryptocurrency-support/?utm_source=cryptorank&utm_medium=rss

It is already obvious that the so-called news and rumors have caused the price of Bitcoin to rise. This has always been the driving force for the promotion of cryptocurrency, and everything is related.

Promotion is beneficial to bitcoin and the whole cryptocurrency market, but when it comes to rush decisions we should also look after the resistance of bear market. Though we observed some spikes few hours ago, it doesn't make sense if all aggressive traders took advantage of that rise. Were far from our target, it's too early to celebrate while bitcoin has the huge potential to reach the top most price ever.

rahmatrf331

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Activity: 588

Merit: 12

https://i.imgur.com/3fXQC4m.png

Quote from: Baofeng on July 26, 2021, 11:10:59 PM

Price is based on pure speculation, so obviously, when there is a good news, the market will jump on that news and the price will obviously go up. But after Amazon has denied the rumour, then there is a sudden jump, from as high as $40k on some major exchanges to now at $36k and continue its down trend. Is this a manipulation, not sure where it's coming from, but this is crystal clear and a classic example of "buy the rumor sell the news" adage".

Rumors are like a wheel between two opposing market segments.
Yesterday's chart was due to a positive rumor in favor of the first segment, namely investors who had already bought deep whales and waited for the whales to be pumped and then resold. The first segment earns a lot of profit. while the second segment buys when the whale has been pumped and the rumors follow it with negative rumors. The segment includes people failing to respond to the second rumor.

so I'm more inclined to think rumors like the op conveyed:
https://cryptobriefing.com/amazon-denies-rumours-of-cryptocurrency-support/?utm_source=cryptorrank&utm_medium=rss
turned out to be driving prices high.

NathanielParker

member

Activity: 113

Merit: 32

It is not necessarily a bad thing. The market is indeed subject to volatility, and we may be driven by other things. Whales are pushing up prices. This is irrefutable. Of course, rumors will affect them, keeping prices low while not increasing transaction volume, thus getting rid of paper hands.

Baofeng

legendary

Activity: 2576

Merit: 1655

Price is based on pure speculation, so obviously, when there is a good news, the market will jump on that news and the price will obviously go up. But after Amazon has denied the rumour, then there is a sudden jump, from as high as $40k on some major exchanges to now at $36k and continue its down trend. Is this a manipulation, not sure where it's coming from, but this is crystal clear and a classic example of "buy the rumor sell the news" adage".

GreatArkansas

legendary

Activity: 2506

Merit: 1394

I think there is/is really something cooking out there, the market reacted very strongly because of this "amazon humor", it really reacted well even there is no official state from Amazon. We have already experienced these kinds of humor for the past years and if the market reacted like this, there is always a positive will happen even the humor is not true.
This is one of the best example of manipulation.

Kiley33

member

Activity: 168

Merit: 19

Whether we get good news or bad news, it will have an impact on the market. When we get good news, prices will go up. When we get bad news, it will cause panic in the market and cause prices to fall,

if you know people, you know markets. Markets are the result of popular psychology. Should human emotions, other than rumors and speculation, drive prices?

pooya87

legendary

Activity: 3472

Merit: 10611

Price is on the rise regardless of the Amazon news. The rest is just market manipulation.

The price started rising up and showed a lot of potential then the "rumor" came out to help the push and possibly cause some drama later which they did start the FUD and the artificial panic sell as soon as price surpassed $40k because they have been leaking a lot of money as the short squeeze takes their money. So they have to up their FUD game.

Roy Asher

member

Activity: 96

Merit: 10

On this day, we experienced a 14% price increase and then fell to 37,000. At first, an anonymous source inside Amazon told CityAM, a London business newspaper, that Amazon planned to accept Bitcoin payments by the end of 2021. She stated that Bitcoin is the first step for Amazon to realize its cryptocurrency ambitions. Although the news spread quickly under the media or professionals, Amazon did not immediately issue a statement denying the rumors. What is happening now after this is that Amazon has denied the City AM rumors. I opened the market and saw that it was already falling. In the matter of Musk and Amazon, investors in our market pay too much attention to them and expect them to make a difference.

https://cryptobriefing.com/amazon-denies-rumours-of-cryptocurrency-support/?utm_source=cryptorank&utm_medium=rss

It is already obvious that the so-called news and rumors have caused the price of Bitcoin to rise. This has always been the driving force for the promotion of cryptocurrency, and everything is related.

Topic: Obvious price push - page 2. (Read 264 times)