Post
Topic
Board Bitcoin Discussion
Re: Crypto Whales May Be Behind The Current Bitcoin Surge
by
||bit
on 13/05/2019, 17:10:36 UTC
bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

That news was there for months but bitcoin continued to losing value.

Btc is actully has a better shape than when it was 20k $. And that was just manipulation. Because it is very cheap (compared to regular markets) to speculate bitcoin market, they are playing with the market. They made it cheap while it was valuable and make lots of people to sell their bitcoins. It seems they think it is time to fly now.