The bitcoin pump on March 12 - page 3.

Pujangga

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Quote from: Nrcewker on March 17, 2023, 07:55:44 AM

Currently Bitcoins are at almost 27k usd. This is a great sign to be honest. The pump and hype is real. I guess March will be really big for Bitcoins. Finally we can claim that we are in the Pre pump era, and anything can happen from here. At first February surprised us from suddenly jumping from 19k to 25k and now again March is surprising us. If at the end of March we cross 30k usd, then definitely we might see a new ATH price of the coin. Fingers crossed, let’s hope for the best for the long term holders .

I'm more optimistic when I see prices continue to rise, I'm sure many are panic buying because they see another bull run market, we shouldn't get complacent and can only see prices going up without taking any action, it's better to buy as much as we can and we can get big profits in a short time.

Nrcewker

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Currently Bitcoins are at almost 27k usd. This is a great sign to be honest. The pump and hype is real. I guess March will be really big for Bitcoins. Finally we can claim that we are in the Pre pump era, and anything can happen from here. At first February surprised us from suddenly jumping from 19k to 25k and now again March is surprising us. If at the end of March we cross 30k usd, then definitely we might see a new ATH price of the coin. Fingers crossed, let’s hope for the best for the long term holders .

BrewMaster

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Quote from: Macadonian on March 16, 2023, 09:01:31 AM

Quote from: BrewMaster on March 15, 2023, 01:41:13 PM

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

history repeats.
the important question is how many of us are going to learn from it.

No one will learn any thing this is the 3rd time the banks are being bailed out and the 2nd time in this decade. Do you think people will learn from their mistakes? The banks are funded by the poor and most people cannot survive without banks until employers and companies start paying their wages in Bitcoin they are not going to learn they are just going to move their money to other banks that have not been bailed out. I bet some people think this is positive that the government are willing to forgive the banks and secure them when things go wrong and see that as security when it is not.

don't say no one. what are we then?

we are the few who see beyond the bailouts and see the failure of the financial system then choose the exit rout that is bitcoin. every time there is a catastrophe, there are more people who "wake up" to see that failure.

Lubang Bawah

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The thing that always makes bitcoin interesting is that the opportunity to skyrocket can occur when most people think that bitcoin has no chance to go up, March 12 will often be remembered by many users because of the fantastic increase that reached 20% in a day even though it finally went down again, lucky for those who buy under $20k then sell on March 12th for over $26k, but I believe prices will continue to rise in 2023.

ethereumhunter

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Quote from: Kadal Ijo on March 16, 2023, 06:06:02 AM

March 12 will be a record that everyone will continue to talk about and remember, the increase that occurred once reached 20% so that bitcoin became the top trending on many social media, I believe the factor that made the price skyrocket on March 12 was positive sentiment from an optimistic market that bitcoin will reach $100k in this year.

That's just the beginning and it could have taken a lot of people by surprise especially if the price suddenly shot up to $30k or more. People will think it's time for bitcoin to bounce back, but let's hope they can calm down, keep investing, and get ready to see another correction.

After yesterday's increase, the bitcoin price has been corrected again and now it seems stable at first. Hopefully, the bitcoin price can increase again next week. We hope that the bitcoin price can reach its final ATH price this year even though it looks difficult to achieve. But anything can happen and we will see very soon.

bettercrypto

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Quote from: JoyMarsha on March 15, 2023, 05:49:35 PM

I don't trust this kind of price pump of bitcoin. Investors who are going to invest out of FOMO are falling into a trap. Bitcoin is still in the correction stage; it is still too early for an unexpected price increase. Within a few days, bitcoin will revert to its previous price of at least $21,000. No one should rush to rejoice the recent increase in the price of bitcoin. The bear market is still on

Looks like we feel the same way about that. The recent pumping of bitcoin to 26k$ made me doubt it too much to be honest. I am thinking and looking at bitcoin's chart or graph that it may fall again to 20k-21k$.

I just don't know if others here noticed the pattern of the candlesticks why I said it will fall by 20k$-21k$ in a few days or weeks from now. This is in agreement with my technical analysis.

Hallroom

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Bitcoin price will increase in the future but it is impossible to be sure whether Bitcoin will go down or up in the current position. So the price of Bitcoin can go up to 30K in March. The price of Bitcoin will increase massively in the future which is why the current position is very bad for Bitcoin. If it survives this blow, the price of Bitcoin will surely cross one hundred thousand dollars.

Macadonian

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Quote from: BrewMaster on March 15, 2023, 01:41:13 PM

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

history repeats.
the important question is how many of us are going to learn from it.

No one will learn any thing this is the 3rd time the banks are being bailed out and the 2nd time in this decade. Do you think people will learn from their mistakes? The banks are funded by the poor and most people cannot survive without banks until employers and companies start paying their wages in Bitcoin they are not going to learn they are just going to move their money to other banks that have not been bailed out. I bet some people think this is positive that the government are willing to forgive the banks and secure them when things go wrong and see that as security when it is not.

Kadal Ijo

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March 12 will be a record that everyone will continue to talk about and remember, the increase that occurred once reached 20% so that bitcoin became the top trending on many social media, I believe the factor that made the price skyrocket on March 12 was positive sentiment from an optimistic market that bitcoin will reach $100k in this year.

fzkto

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Quote from: JoyMarsha on March 15, 2023, 05:49:35 PM

I don't trust this kind of price pump of bitcoin. Investors who are going to invest out of FOMO are falling into a trap. Bitcoin is still in the correction stage; it is still too early for an unexpected price increase. Within a few days, bitcoin will revert to its previous price of at least $21,000. No one should rush to rejoice the recent increase in the price of bitcoin. The bear market is still on

I don't know what bear season you're talking about, but the crypto market has been rising for 3 months now. And what happened to the price recently could mean a turning point and the start of a new trend. Even if the price goes back to 21k, it will continue to rise. Anyway, I have seen similar patterns already before two bullish seasons.

Ayers

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Quote from: JoyMarsha on March 15, 2023, 05:49:35 PM

I don't trust this kind of price pump of bitcoin. Investors who are going to invest out of FOMO are falling into a trap. Bitcoin is still in the correction stage; it is still too early for an unexpected price increase. Within a few days, bitcoin will revert to its previous price of at least $21,000. No one should rush to rejoice the recent increase in the price of bitcoin. The bear market is still on

I agree that we are still in bear season, and with black swan events happening to the world economy, a bull season cannot be expected this year. But bitcoin has been rising from the bottom, and we don't need to be too cautious or pessimistic but take advantage of this period. Those who bought bitcoin for $15k last year made huge profits, and it's worth celebrating. In the long term, we need to be sober, but in the short time, this month, I think bitcoin will continue to bring joy to everyone; enjoy.

Fundamentals Of

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Quote from: BrewMaster on March 15, 2023, 01:41:13 PM

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

history repeats.
the important question is how many of us are going to learn from it.

A few will, the rest will once again be caught the next time history repeats once more.

But for as long as there are banks, shady and poorly mismanaged, operating within a questionable set of self-serving rules like fractional reserve and whatnot, running as part of the dilapidated fiat system, there will always be reminders. One of the main reasons why there is Bitcoin will surface every now and then in an impactful manner.

It is good. We will never be running out of reminders of Bitcoin's relevance.

JoyMarsha

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I don't trust this kind of price pump of bitcoin. Investors who are going to invest out of FOMO are falling into a trap. Bitcoin is still in the correction stage; it is still too early for an unexpected price increase. Within a few days, bitcoin will revert to its previous price of at least $21,000. No one should rush to rejoice the recent increase in the price of bitcoin. The bear market is still on

BrewMaster

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There is trouble abrewing

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

history repeats.
the important question is how many of us are going to learn from it.

dragonvslinux

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Quote from: bbc.reporter on March 12, 2023, 08:22:01 PM

Bitcoin has been pumping that begun since more than 8 hours. This might be because it appears that the department of treasury of America and the Federal Reserve are going to give Silicon Valley Bank and Signature Bank the funding and the cashflow that they are needing to give their depositors 100% of their money.

It could be for that reason, it could be for another. Initially when the SVB news came out, Bitcoin had already dropped to $20K and moved sideways after that, seemingly unaffected. Then price pumped back up to $25K and in the meantime they appear to be getting bailed out. I think it's easy to speculate that it's because of the bailout that price pumped, but didn't it already pump before this news anyway?

In reality one of the reason Bitcoin was created is because of the lack of trust with centralized banks, and now we see a major bank go bankrupt for first time in Bitcoin's history (if not mistaken). To me it seems much more likely that the strength of the rebound was because SVB had liquidity issues and needed to claim bankruptcy and/or get bailed out, not because they were bailed out...

The irony being is that $19K to $20K has been a strong level of support for 9 months already, and priced bounced back from there into the $25K resistance level that's also about 7 months old!

dansus021

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Quote from: jossiel on March 14, 2023, 05:53:01 AM

Based on that tweet, it's basically Binance's reserve fund so technically yes it's Binance's money.

You know the news right Paxos who backed BUSD and USDP against SEC, this is just my opinion I think CZ wanna get rid of their BUSD Roll Eyes

hehehehe

Quote from: bettercrypto on March 14, 2023, 03:29:28 AM

I remembered that a few days ago stablecoins went down below 1$ except for Tether, didn't USDC even fall by 0.88$ and a lot of people panicked in this event and other holders of usdc even sold.

But usdc also recovered immediately and it was immediately restored to its 1:1 ratio, which is probably why those who sold usdc are now regretting what happened.

Yeah the stablecoin that survived is USDT and BUSD all other coin is depeg including USDC is worse because of their money is mostly on SVB. Indluding algorithmic stablecoin like DAI is suffering

Luna too if see the coingecko Grin

and i don't know why this coin pretty much still exist

Fundamentals Of

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I think there are a combination of factors that caused the sudden pump. The Fed's decision to halt rate hikes is contributing to it, although in a minor way I think. That USDC depegged is also a factor. There was risk associated with the stable coin that lost its stability so there must be many who decided to convert to Bitcoin for safety reasons. There's already a severe precedent of a stablecoin that lost stability and collapsed. So there must be panic and quick conversions made to avoid a possible similar scenario. And then there were also the huge purchases made by CZ and others.

bbc.reporter

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Quote from: crwth on March 14, 2023, 01:23:52 AM

Now I know the reason why it has increased in price. That's a lot, and you could've made money when it was down. That's the hard part of trading and knowing when to buy and sell. You will never know what could happen in the short term, especially in the long run. Who would've expected that it would go down and immediately rise again? That's just the volatility that we are experiencing.

There is a lot of money in the market, and imagine that $1bn is just a drop, like what?? That's a lot in some countries.

However, it is not only CZ's $1 billion entering the market. It appears like Paolo Ardiono has begun printing USDT again hehehe.

Tether minted $2 billion USDT in Ethereum and Tron.

https://whale-alert.io/transaction/ethereum/0x86937c9210fa769fb845f41fe171bc6d78230cd5b3e9c5fb63958b817e6c5f87

https://whale-alert.io/transaction/tron/bcfd40eb0828ba059c42924c5b6a08d955b8f2d0037b8f5b31b912e993156438

It might only be a small drop for the market, however, this is bullish news that causes everyone to buy in excitement and pump bitcoin and other cryptocoins.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: SirLancelot on March 14, 2023, 03:12:59 PM

Quote from: Dave1 on March 14, 2023, 04:14:22 AM

And with this big news, the next question is what will be the next number for us?

Obviously it will be $25k, but so far it's not "enough" pump, I guess the initial surge of buyers are just enough though to restore where we are prior to some of the negative news around the market. And so everything is green now, and thanks to the good news coming from the US government.

USDC though is below, but close to $1.00 now.

As of now, the price of Bitcoin is hovering on the $25k zone. The next target is going to be $28k if the momentum stays the same. Apart from the help of the US government, I think what help the price the most to reach this high is the buyers. They are buying massively last time by the time we drop below $20k. That was just initial as you think but I don't think there will be a follow-up anymore now that everything is in green again.

USDC coin on the other hand is now valued at $0.9993 from the former $0.8xx. that's a big difference there. This only shows that the people behind the coin are willing to do what they can, only to prove that their coin is not like those past stable coins.

the Bitcoin price was even able to reach the $26,500 Area and then a correction. $26,500 is the highest price for the last few months. To break through the $28k mark it will need some more push. When the bitcoin price yesterday dropped to the price of $ 19k investors started to enter, and currently it is still stable in the price area of $ 24k.
USDC still survived bankruptcy because the team behind it worked well to get the price back to normal. But this is a warning that no stablecoin is safe enough and it can end up like the UST if it doesn't have any backups.

SirLancelot

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Quote from: Dave1 on March 14, 2023, 04:14:22 AM

And with this big news, the next question is what will be the next number for us?

Obviously it will be $25k, but so far it's not "enough" pump, I guess the initial surge of buyers are just enough though to restore where we are prior to some of the negative news around the market. And so everything is green now, and thanks to the good news coming from the US government.

USDC though is below, but close to $1.00 now.

As of now, the price of Bitcoin is hovering on the $25k zone. The next target is going to be $28k if the momentum stays the same. Apart from the help of the US government, I think what help the price the most to reach this high is the buyers. They are buying massively last time by the time we drop below $20k. That was just initial as you think but I don't think there will be a follow-up anymore now that everything is in green again.

USDC coin on the other hand is now valued at $0.9993 from the former $0.8xx. that's a big difference there. This only shows that the people behind the coin are willing to do what they can, only to prove that their coin is not like those past stable coins.

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