Bitcoin Forum

BTC have a great pump today, i think we have some politic bad news. Can you guys tell me what happen?

Crypto market is unrelated to politics, it is very independent of petroleum and terrorism which are the main issues that affect most of the brick-and mortar projects out there.

Am hoping the market is getting it's stand back, with what we see today. ETH price has been steadily increasing for some couples of days now. Although everybody is waiting till June for the rise but it's not early to happen presently.

I think that the bitcoin is now a safe-haven asset, so the recent geopolitical crisis may make encryption has a sharp rise in money market, so this is the reason why I think short-term bull market.

Soros bought 150 bitcoin today and that makes the market turn to the bullish trend again. Remember rockfeller as the richest familiy in the world already stated they are interested in the digital asset and i think too late to buy cheap bitcoin again. More and more the richest person in the world joined in the cryptocurrency today. This is awesome.

There is no correlation between cryptocurrency and politics,which is applicable to Bitcoin. The market is gradually recovering. It is not a matter of war. we are gradually awaiting the expected time that everyone seems to be waiting for. This will attract more investors and at a point, there will be speedy mooning. It is gradual, which is good. We do not want a rush, but a steady growth.

I thought that is still all speculation. Any proof he was involved with the pump? If it is true however, it is still funny that after calling bitcoin a bubble earlier this year, then the market dips and he then decided to change his mind all of a sudden?

These wall Street guys are all bunch of manipulative and hypocritical jokers. It is good to know the interest in cryptocurrency is growing among the bigger players, it is just funny how they are going about it.

I do not think that crypto is infected by poilitics or "wars". If you take into consideration that during wars people don't care hwo much money you have they care if you have food, shelter or anything they can pick up to survive and thus bitcoin wouldn't do well if we have some big war in my opinion.

I can slightly hear bulls run :) they are far from us now,  but approaching. The pessimistic times seem to pass,  which is great. This month  will be about growth and blossom:)

May be it is one factor that you indicated, yesterday U.S president tweeted about firing missiles at Russia that could have caused some panic among investors due to war news and they are now transferring their money into non-traditional and non-tangible assets that is crypto, so expect good bullish momentum if the war talk continues.

Bullish season has come which is why we have seen bitcoin's value has been pumped exponentially,do not  be fooled,politics has been here all the time and theres no much connection between the two,some great news came out that is why bitcoin's value has pumped,bearish market has finally over officially and as we enter bullish season we can see a lot of improvements.

To my great regret, I can not say exactly what is happening on the market, because if I understood what is happening now and how to deal with it, I probably would not be sitting right now on the forum, most likely I would probably just be trading and spent time with pleasure.

the market will recover very soon. Good news is coming. This is the first move today. I hope it will continue. bull is coming.

Ofcourse there is a correlation between politics and crypto. The following years, this correlation will become even more clear, as countries will be issuing there own state-backed cryptocurrencies.

The market is under pressure due to strengthening regulation of the industry - in Japan, after a large-scale inspection, several trading floors have already closed. They did not comply with the requirements for combating money laundering. At the same time, South Korean authorities are checking large banks that cooperate with crypto-exchange exchanges, which has a negative impact on the value of most coins, as investors are not sure that their stock exchange will not close in the near future

Regulatory bodies around the world are starting to crack down hard on crypto, and they are currently issuing guidance by way of laws and policies reguarding crypto and finance.
  It literally was a wild wild west like scenario that we have been apart of. Crypto was bound to be regulated at some point or another, so now the little bubble we've seen so far is finally starting to pop, just as financial experts predicted.

In this bear market we have to wait
Just hold an nothing
It's the time when the cryptoworld adapts to our world
I hope only for the future
Nobody knows what is gonna be in reality: the future depends on new rules of playing on cryptomarket, new contries rules, new ways of technological progress and, of course, it depends on peoples thoughts about the cryptoworld (is reliable or not)
Nowadays is the period of first adapting process
Hope the end of this period will bring us a great profit

You don't need to be surprised mate cause of the market is recovering lately and if check the old crypto price movement you will see that market usually recover when it April which is the reason why I predicted the market to recover a couple of weeks back.

Maybe because the FUD news no longer exists. Thus, the price of Bitcoin and Altcoin is currently stable.
I hope Bitcoin can reach $ 11,000. Because after that, it might be a correction of the price. or maybe there will be FUD again.

There so many things which happen lately and they were the reason behind the bullish in price of bitcoin. Things like bitcoin payment stated by the Russian for the world cup, the North Korean establishment, the caribbean and the Australia fund. All this generate more investors and holding.

You're right! Only FUD and current events about crypto may affect the value of btc and altcoins. Well basically not politics but the government itself is one of the reason why the market crashed for the past 2months because of the regulations/rules that they're trying to implicate in this business.

Politic bad news? It's moving up so why you think that there's some bad news?
Price goes up = good news + higher demand
Price goes down = bad news + lesser demand
Read some news articles:
Bitcoin surges 17% in sudden move to above $8,000, then loses some ground (https://www.cnbc.com/2018/04/12/bitcoin-surges-10-percent-in-sudden-move-to-above-7500.html)
Newsflash: Bitcoin Price Shoots Vertically Above $8,000 (https://www.ccn.com/newsflash-bitcoin-price-shoots-vertically-above-8000/)
 Real Momentum? Bitcoin Price Breaks $8,000 For First Time Since March (https://www.ccn.com/bitcoin-price-breaks-8000-for-first-time-since-march-real-momentum/)

But my opinion on this it's normal, after a great crash and quick decrease, expect quick pump in return and vice versa.

Politics can indeed affect investors, but if tough investors will not be affected by it. The current market increase is a good news. There is a presumption that it happened too fast, so the correction may come back.

I think the OP does not mean politics literally. He was trying to point out that if there are several factors such as bitcoin related news article, popular endorser, or any updates regarding in bitcoin.
We knew that there are some reasons why bitcoin pumps today, it has something deal with politics, not in government but either by conspiracy and cartel.

I think it will recover now because the market will know stabilize and it will know continue to grow and i hope that it will pump once more again and the bitcoin defeat its previous price once more

All I know is that the market will recover in the near future as many people are just starting to invest in altcoin, and the market is likely to recover as a few months ago altcoin prices and market conditions fell until many people say if altcoin and bitcoin will die and hopefully the market will recover quickly

Apart from the recovery we are seeing now, i don't think this recover is going to be long, what i know is that we are all predict what market may look like, let just hope for better market to takeover

like what happen at last years, recovery time also happen like right now. bitcoin and other alts already going up in near weeks. as you know bitcoin is very sensitive to any news. this is one of the reason why bitcoin is so easy and so volatile

I think it will recover because now many people are just starting to invest in altcoin, and the market is likely to recover because a few months ago altcoin prices and market conditions went down, until many people say if altcoin and bitcoin will die and hopefully the market will recover by fast because now many people are investing in altcoin with the long-term     

I do agree to that. No rooms for doubts and confusion because all of this are usually normal  movement in the market. Maybe sometimes the negative news that surrounding in crypto world may be affected to the demands of crypto and it causes decreasing. However, for now crypto coins are performing better and it's by a long period of time, maybe we just hope and believe that it will become much better in the upcoming few days.

Well it's currently steady at just around 8k and it's a good sign even if it stays that way for long. The market's probably becoming a bit healthier now compared to the past 5 months. Recover or wars? I'm betting on recovery :p

Why do most of us do not understand to where they are going? When it crashes down its value there are going to be an issue? And if will slowly rising up again it allso got another issue?

What if one days bitcoin will is gonna totally disappear, then maybe it's hard to imagine if it's still there!  :o ;D :D

Its slowly recover, we can see how trend is changing, so if you hold tokens wait now for 3-5x and just than sell

I think market is going towards recovery sooner or later, there may be a couple of more dips before actual reversal starts, so we have to be patient to win the market.

Crypto is not related in any kind of politics around the world. this is just healthy recovery from the past dips, we are in crypto, meaning we have to face all of these consequences, like a long run dip, dig dipper than the past and most of all pumps. all crypto currency are in this kind of scene, so this moment is for us (holders) and just be happy what crypto have done from the past several years. and now we are heading on another scenario in crypto.

On April 10, 22 countries of the European Union signed the Declaration on the Creation of a European Blocking Partnership. And the coins went up, today they added 10-30%, in addition, the market begins to come out of the drawdown

We look like god? How we know that ? But I think market already start to recover, total of my holding already up 40% in past few day, I always believed in Crypto and pretty sure it'll let me rich

you have good news there, because I'm already tired of waiting for good news. I somewhere about this kind of news I read when the globitex project was brought to the market. This is also associated with the implementation of the crypto currency in the European Union.

No one knows the reason for the recent pump. As always we will likely find out later on for the reason of the pump. Like we didn't know that the drop in prices for the past few months was due to the dumping of coins by MT GOX trustee in large numbers on exchanges. I don't think there is any big bad political news that could move the crypto world.

According to the likelihood of the greatest opinion is entering the world cup that will bet the gambler by using BTC then see from one of the news about russia that will only accept BTC for lodging,quite possibly to be digested by the merchants and it might trigger a bigger demand.

The current ongoing bullish market was highly unexpected,no so many predicted it happening now even though I saw one signal but which has kind of been true.Cant really tell why but I'm beginning to believe the tensions in Syria have a contributing factor to what we are seeing.Fiat currencies on forex markets had suffered from that and so I believe people moved to cryptocurrencies. I

everybody is wondering why the market can soar very high in such a short time, and I still wonder how? but this proves that the crypto world can move very drastically, from up, down, and up again, it's all just a matter of time

In the crypto money world, withdrawing money from the market made all the tokens bad. The money needed for the market to rise again has entered the market and the market has begun to appreciate again.