Terra cofounder Do Kwon is the one who is pumping Bitcoin - page 7.

STT

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Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

The market is bigger then any whales, at least they better hope this is true because they are in trouble if large buyers are the most important part of the price. These buyers are speculators like many others, Im not that bullish on Saylor or anyone unless they put the BTC into usage. The casinos are more of a positive then just a plain fund that buys and then does not actually use the BTC to transact, this isnt expanding the economy for crypto its just sitting on the sidelines hoping it pays off. I would rather buy only when people hoping to do nothing yet profit have given up.

tokeweed

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Quote from: Marvell1 on April 21, 2022, 10:21:19 PM

Quote from: Renampun on April 09, 2022, 09:01:56 AM

Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

Yesterday had a news: A wallet is said to be Microstrgety's wallet that has sold more than 1500 BTC yesterday. Michael Saylor always said that he only bought and hold Bitcoin not selling, but behind him to sell his Bitcoin to Bitcoin dumping.
This is just a rumor circulating on social media and I still can't confirm if it's true.
Main address: 1p5zedwtktfgxqjzphgwpqupe554wkdfhq
Address of sub-management: 1fzwlkaahhoov3kztgyx6qsswxj6scxksr "

https://twitter.com/Coinsandtoken/status/1517045545889636355

Unconfirmed. And who is that guy? Just another clout chasing account who just wants some engagement to increase his follower count.

Quote from: bbc.reporter on April 21, 2022, 09:14:13 PM

It appears that there is a new entry in the algorithmic stable coin market. Justin Sun and his USDD hehehe. According to their development team, USDD will also hold a reserve worth $10 billion similar to Terra's UST. However, it might not be 100% in bitcoin. They only mentioned $10 billion of highly liquid assets. I am quite certain bitcoin will be a big portion of this and it will certainly provide more buy pressure for bitcoin.

TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history, making finance accessible to all by applying mathematics and algorithms. As a result, it enjoys perpetual existence without relying on any centralized entities.

The roadmap of TRON-based USDD consists of four stages—1.0 Space, 2.0 ISS, 3.0 Moon, and 4.0 Mars—echoing both mankind’s and TRON's efforts in future space exploration. In 1.0 Space, the USDD management will be entrusted to the TRON DAO Reserve and other major blockchain institutions. The former will be tasked to provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry, use them as an early-stage reserve, keep the exchange rate of USDD stable, and enforce convertibility fully.

Source https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron

So it looks like not even Do Kwon, Saylor and Elon Musk could save BTC from going red. Let's see what Justin Sun can do. I'll be rooting for him. Cheesy

It would be so hilarious if he and his crew could start buying BTC back up to break 50k. Lol. And in case you guys didn't know Justin Sun and CZ are really buddies behind the scenes. So don't believe everything you read in the paper folks. Afaik the Chinese always support each other.

btc78

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Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

we can all have our own speculation but in the end it is the market that will decide , though Like you? i also have thinking in this interest because the pump of Bitcoin stays hard and did not even take 50k again .
How come that they are planning to add 10 billion dollars but looks like it is just a promises that will never happen.

Marvell1

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Quote from: Renampun on April 09, 2022, 09:01:56 AM

Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

Yesterday had a news: A wallet is said to be Microstrgety's wallet that has sold more than 1500 BTC yesterday. Michael Saylor always said that he only bought and hold Bitcoin not selling, but behind him to sell his Bitcoin to Bitcoin dumping.
This is just a rumor circulating on social media and I still can't confirm if it's true.
Main address: 1p5zedwtktfgxqjzphgwpqupe554wkdfhq
Address of sub-management: 1fzwlkaahhoov3kztgyx6qsswxj6scxksr "

https://twitter.com/Coinsandtoken/status/1517045545889636355

bbc.reporter

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It appears that there is a new entry in the algorithmic stable coin market. Justin Sun and his USDD hehehe. According to their development team, USDD will also hold a reserve worth $10 billion similar to Terra's UST. However, it might not be 100% in bitcoin. They only mentioned $10 billion of highly liquid assets. I am quite certain bitcoin will be a big portion of this and it will certainly provide more buy pressure for bitcoin.

TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history, making finance accessible to all by applying mathematics and algorithms. As a result, it enjoys perpetual existence without relying on any centralized entities.

The roadmap of TRON-based USDD consists of four stages—1.0 Space, 2.0 ISS, 3.0 Moon, and 4.0 Mars—echoing both mankind’s and TRON's efforts in future space exploration. In 1.0 Space, the USDD management will be entrusted to the TRON DAO Reserve and other major blockchain institutions. The former will be tasked to provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry, use them as an early-stage reserve, keep the exchange rate of USDD stable, and enforce convertibility fully.

Source https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron

Daltonik

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Terra on April 13 buys another 2,508 bitcoins for more than $100 million, thereby increasing the number of bitcoins to 42,406, which is almost $1.7 billion, Terraform Labs co-founder Do Kwon reports on Twitter, which is generally confirmed by an increase in BTC on the balance of the Luna-LFG wallet.

https://twitter.com/stablekwon/status/1514070136587964421

Daltonik

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Against the background of the decline in the price of bitcoin, LFG continues to accumulate bitcoins, so on April 10, the company additionally acquired 4129 BTC in the amount of $176 million, so now there are about 39,898 BTC in the balance of the Luna-LFG wallet in the amount of approximately $1.624 billion. https://bitinfocharts.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q

Source: https://u.today/terra-buys-another-176-million-in-bitcoin

Renampun

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Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

bbc.reporter

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Quote from: pooya87 on April 07, 2022, 12:57:43 AM

Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

What makes no sense? The terminology for pump or dump has become nuanced in trading. The definition for the word pump is only the act of buying. This is also similar to dump which is the act of selling. The terms pump and dump were derived from the activites of scammers where they would make false promises on a penny stock or a scamcoin and pump the stock 10x then dump them. Presently I am only using the nuanced definition. However, suggest another word and we will use that.

tygeade

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Quote from: JohnBitCo on April 07, 2022, 09:33:03 AM

Quote from: pooya87 on April 07, 2022, 12:57:43 AM

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

Yeah, bitcoin does not move in a straight line. In fact, no finical markets move in a straight line. When any coin moves in an upward direction, there are a lot of people who have bought that coin low and they tend to book profits and hence we see some correction. As long as the bullish structure of Higher High and Higher low is not broken, there is nothing to worry about regarding bitcoin price movements.

Corrections needs to happen in order to cleanse the market, otherwise we will always have the doom of people who would be selling, but we wouldn't know when they will do that. With people actually providing some sort of situation that allows us to see who sold and got out, this allows us to know that we wouldn't have to be worried about people selling and getting out, it means they already did that and we could get in without worrying about those people.

If you get in while there is a threat of people selling then it's bad, but if you get in after they already sold then you could feel more at ease with your investment and anybody that gets in right now will be like that.

JohnBitCo

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Quote from: pooya87 on April 07, 2022, 12:57:43 AM

Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

Yeah, bitcoin does not move in a straight line. In fact, no finical markets move in a straight line. When any coin moves in an upward direction, there are a lot of people who have bought that coin low and they tend to book profits and hence we see some correction. As long as the bullish structure of Higher High and Higher low is not broken, there is nothing to worry about regarding bitcoin price movements.

pooya87

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Quote from: bbc.reporter on April 06, 2022, 11:42:52 PM

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

bbc.reporter

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I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.

Fundamentals Of

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Quote from: STT on April 06, 2022, 07:03:13 PM

Quote

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me. Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar. Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless. Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal.
I much prefer BTC population as a reason to buy and increasing utility etc.

I also prefer that the Bitcoin community will find more reason to spend their Bitcoin as a real money than just keep it untouched for a long time. I prefer utility more than hodling, but we are not limited to either of the two. The two may not really be mutually exclusive. It's just that at this point in time when there are less actual businesses that accept Bitcoin, the high demand is basically supported by the fact that the price is increasing over time. But as soon as Bitcoin becomes more acceptable as money, the rate of spending might also increase.

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Quote from: STT on April 06, 2022, 07:03:13 PM

Quote

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me. Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar. Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless. Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal.
I much prefer BTC population as a reason to buy and increasing utility etc.

Of course, what we wanted is more retail investors instead of these whales trying to manipulate the market again. The problem is that retail investors might not reluctant or doesn't have the money to invest right now. So it's more likely that the whales and institutions are the one pumping the market like what Terra has announced and they will do it in the next 2-3 months. Just a question on how the retail investors are going to react with this news, it's either they want to ride with it or not and where to get the money to invest with all the bad happenings still on the air, (war, covid-19 etc..)

STT

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Quote

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me. Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar. Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless. Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal.
I much prefer BTC population as a reason to buy and increasing utility etc.

coolcoinz

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It looks like the S&P took us down along with it. As for the Do Kwon the savior, I don't expect him to go in too fast. For a person who is buing 1 billion USD worth of Bitcoin, 100 USD up or down makes a hell of a difference. Right now some people are trying hard to push the price down and you could see that by the dumps every time the price went near the 47k range, which means someone is unloading a lot of coins at that level. Of course it doesn't mean Kwon's statement was a fake, he is in fact buying and I'm pretty sure he will continue, but that doesn't mean ha has to do it this week, or next week. All we know he could keep waiting for someone to dump it back to 40k and then buy again.

There's so little coins on exchanges these days that a 100 million USD buy can takes us up 10% and completely nullify the last 2 days of price decline. Imagine that 100 million is what some stock investors are spending in a day and this means +5% for Bitcoin. This shows how small and prone to manipulation this market is, so keep ignoring anything up to 10% because this could be just a few people trying to play you.

tokeweed

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Quote from: ultrloa on April 05, 2022, 06:22:40 PM

Quote from: tokeweed on April 05, 2022, 10:10:39 AM

Quote from: darkangel11 on April 03, 2022, 06:19:55 AM

Quote from: tokeweed on March 31, 2022, 09:26:53 AM

So... Where's the Do Kwon guy right now? Is he afk? There are talks swirling around that he got spooked when a guy in Binance started making huge asks in spot so he must have pulled out his bids. Cheesy

Dunno, I'm not really sure how true tho. It could prolly just be CZ telling Do Kwon 'FU lemme accumulate lower before sending it to 50k.'. Lol.

That's stupid, would you listen if you were Kwon? Hey man, I want to buy some coin cheaper so stop buying for a bit and if the price rises due to my buys or someone else comes in with a big buy, tough luck for you, you will have to spend more to buy these bitcoins - you can afford it!. This is business, there's no love between people who both want the same thing. Either one of them loses some money or the other.

It's weekend, I don't expect big players to come on Saturday or Sunday to buy. Also, there was a decent drop on Wall Street indexes on Friday that scared some investors.

I'd rather expect Kwon to back away for a bit because there's so little coins on exchanges that his buys are pushing the price up too fast. If he keeps buying too fast he's going to end up buying too expensive.

What do you mean stupid? Lmao. Would anybody really keep buying BTC up knowing that the owner of the exchange and his MM's are spoofing sell walls to spook the whole market out? Just look at the market rn. A few bad news here and there and a little spoofing, where is the Do Kwon guy? Don't make the mistake in thinking that he'll keep buying BTC if sh*t hits the fan. I mean who would want to hold a losing position as a 'reserve'? That's just dumb.

Exactly and that action made just to hype up his followers, guess what happen now some people really believe his statement release then think about he will do more to support bitcoin to pump it more and that is totally crazy thought's since no people in right mind will continue to buy and don't care if they lose due to its volatility. Maybe he just do it so that his position will be hit and I guess he is happy now counting the profits he made for those hyping techniques he made.

Hype is fine. I have no problems with somebody trying to spread some sort of awareness behind his moves. But to think that there isn't a bigger whale who could spoil Do Kwon's plans would be a mistake. I mean check the market right now... Wouldn't it be better to wait and let the price drop than to buy now knowing that it could put you in the red? And what if we're really going to a full on bear market? I doubt he could buy everything up to a new all time high. He couldn't do alone.

But yeah, BTC should close above 44.5k today or so or we be stuck in the previous range again.

Reatim

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Quote from: retreat on April 03, 2022, 03:20:13 PM

Quote from: ?? on ??

This pump will run day after day as the Op described, which is $3 billion to start with. at one point this move will be the point at which BTC will rise above $50k this week. BTC is still holding $45k/$46k today if the close occurs at $46k there's a great chance that $50k will be reached.

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

Yeah they may continue but they may not right? so best that this is not our main objective in this thread instead we must use this to invest more than to expect more , remember that Bitcoin is the safest currency meaning we need to look at the opportunity and not just for what is in our Plate today, remember that tomorrow and the next day is what we must look unto this.
but what Terra team doing now is good for the whole community and not just in bitcoin but also in the all area of crypto market.

NeuroticFish

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Quote from: kotajikikox on April 06, 2022, 12:00:41 AM

While I am trying to be thankful of How this Terra Founder invests Billions of dollars inside Bitcoin yet i am still waiting for the other billions to be put on so we can see another pump

A smart investor will buy only in a way he doesn't affect the price too much, hence I would not hold my breath for a new pump (I don't say it won't happen, but it actually may or may not happen).
Even more an evil investor may fake a dump to trigger all the shorts outta there, then buy back cheaper.

So.. beware, the markets don't actually work like in your (our?) wishful thinking.

Topic: Terra cofounder Do Kwon is the one who is pumping Bitcoin - page 7. (Read 2558 times)