Quote from: Oshosondy on January 14, 2025, 03:28:11 PM

Quote from: rdbase on January 14, 2025, 03:22:37 PM

This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.

That was not the reason bitcoin price increased from $89000 back to $97000. That was just how the market was at the time and I think there was consolidation at the price as you can also see a very sharp drop if you set the candles to 15 minutes. Also we have seen this news that you talked about a day or many hours before that happened. In fact the market was falling significantly after the news. Also not that Meta is allocating a portion of its $72 billion in liquid assets into bitcoin but there shareholders needs to vote for it. How about the time of Microsoft but that was not accepted with their stakeholders vote which pointed to no.

There was no other news during this time concerning bitcoin that could of contributed to this sudden surge in price.
So you are going to tell me a $8000 upswing is normal for bitcoin within a day of trading?

Quote from: BIT-BENDER on January 14, 2025, 05:58:45 PM

Can you with proof tell us why you think that was the reason because their were other events happening and other speculator could also easily attribute the fall and rise to another event.
I think all this should just stop, there is really no reason to give out speculation as facts, you can actually keep it to yourself and remember that the market is always volatile.

Can you tell me with what I responded to the above reply whenever bitcoin had a sudden swift of such an amount before in it's history within a 24 hour time frame?
And sure there will always be other events going on around the world that can be contributing to alot of different factors involved such as wars, economic and social strife that can impact all and every market.
But we are concerned about only one being discussed and that is bitcoin.
If a huge corporation who is competing with the likes of the platform now known as X and wanting to rival it's dominance in the social media era with it's own called Threads, announces they want to invest in one particular asset called bitcoin at the tone of $72 billion.
Wouldn't you say that would influence the market?
If you say no and can not see what is going on there, you are blind to the main fact of the market's true meaning then.