Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: keanne_isaac on July 24, 2018, 01:41:04 PM

Title: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: keanne_isaac on July 24, 2018, 01:41:04 PM

https://btcmanager.com/g20-crypto-regulation-decision-boosts-bitcoin-to-two-month-high/
Hi guys what is your views regarding this news seems this is one of the main reason why bitcoin price suddenly goes up and we expect more news next month as ETF inclusion of btc may tackle in u.s. congress. if this iscanother positve result then bitcoin price msy unstoppable.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: ralph_0608 on July 24, 2018, 02:07:08 PM

Quote from: keanne_isaac on July 24, 2018, 01:41:04 PM

I guess this was the main contributor why bitcoin starts to run up as we observe bitcoin earning huge volume two days prior the G20 summit and it continue to grow until now hopefully 8.5k$ would be hit in just a day since it is traded now at 8.2k$.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: BrewMaster on July 24, 2018, 02:09:44 PM

the main reason for this rise in my opinion is the fact that a lot of investors have been waiting for any kind of signal to get in. the drops and the staying at the bottom (aka $6k) which lasted a couple of weeks meant that many started getting nervous about investing in bitcoin. many investors were still having doubts and the rise removed all those doubts.

now that they are bringing their money back in the market the price is rising like this as their deposits from banks confirm.

of course there is ETF hype but it is icing on the cake.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: stompix on July 24, 2018, 02:14:48 PM

Probably nothing more than speculation, there was no decision on regulation taken

This is the text referring to cryptos from the G20
https://g20.org/sites/default/files/media/communique-_fmcbg_july.pdf

Quote

Technological innovations, including those underlying crypto—assets, can deliver significant
benefits to the financial system and the broader economy. Crypto—assets do, however, raise issues
with respect to consumer and investor protection, market integrity, tax evasion, money laundering
and terrorist financing. Crypto-assets lack the key attributes of sovereign currencies. While crypto-
assets do not at this point pose a global financial stability risk, we remain vigilant. We welcome
updates provided by the F88 and the SSBs and look forward to their further work to monitor the
potential risks of crypto—assets, and to assess multilateral responses as needed. We reiterate our
March commitments related to the implementation of the FATF standards and we ask the FATF
to clarity in October 20l8 how its standards apply to crypto—assets

A wall of text that says basically nothing other that we are looking into it...
The bull run began weeks before, I doubt that this meeting (there are 4 each year) is responsible for it.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: TravelMug on July 24, 2018, 02:40:45 PM

Quote from: keanne_isaac on July 24, 2018, 01:41:04 PM

Their initial meeting ended up in a positive way and now the day has come for the final verdict and I hope that it will be very favorable to us based on their first meeting months ago. So yeah probably the meeting has trigger the interest of investors again plus the ETF of course. So its really exciting that a reversal is already on the horizon and finally can breathe a sigh of relief.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: dothebeats on July 25, 2018, 11:28:26 AM

I don't think so. Most people are banking on G20 summits but in all honestly, there were only talks but no formal advancement towards the state of cryptocurrencies and its regulations. Also, the movement happened way before the G20 summit started, and it seems obvious that this will not cause any major effect on the prices seeing how the previous G20 summits didn't do anything to bitcoin's state. What happened was purely speculation, traders trying to create some form of signal in order to start a bullish movement.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: drm on July 25, 2018, 11:36:52 AM

Quote from: ralph_0608 on July 24, 2018, 02:07:08 PM

Quote from: keanne_isaac on July 24, 2018, 01:41:04 PM

I don't think so, just a coincidence.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: davis196 on July 25, 2018, 11:47:48 AM

There wasn`t any news in my country about the G20 meeting in Buenos Aires.
The governments of the G20 countries should do 2 big reforms.
1.Create a worldwide crypto regulation,that will replace all the national regulations regarding cryptocurrency trading.
2.India and China should remove their crypto ban.
Those two reforms will easily boost bitcoin up to 20K.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: ordeath on July 25, 2018, 03:15:07 PM

Quote from: keanne_isaac on July 24, 2018, 01:41:04 PM

I don't actually know what are those decisions that they made there, but something triggers bitcoin to grow from that time and now we have him more than $8000 already, it cannot be not a joyful news.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: keanne_isaac on July 25, 2018, 03:21:19 PM

Quote from: dothebeats on July 25, 2018, 11:28:26 AM

Though there are no formal and concrete statement with regard to crypto currency issue but i guess the statement from the G20 members which says crypto currency is not a threat or may cause financial crisis is already a good indication that there is a bright future for crypto currency ahead.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: pooya87 on July 28, 2018, 02:52:37 AM

what i think is that the rise started like it always does after we hit the bottom and the investors start coming back in after the bear market ends, And then people started trying to come up with reasons to explain the rise for themselves. not to mention that as stompix pointed out above, this wasn't even a major thing about bitcoin. their meeting wasn't particularly positive or negative.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: TepungBeras on July 28, 2018, 02:56:03 AM

I also feel that the meeting is a trigger for the rise in bitcoin prices, and if I often do meetings like that I think bitcoin prices will increase consistently.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: Privatoria on July 28, 2018, 11:34:54 AM

Declaration concerning cryptocurrencies adopted at the summit doesn’t have negative signals that’s why bullish trend wasn’t stopped and conversely intensified.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: Aleshia696 on July 29, 2018, 07:45:51 AM

I never saw bitcoin on a stuck position. It’s rising day by day. There are many reason beyond this. And this is one of them. In further if bitcoin EFT approved by SEC then it will be more effective for bitcoin.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: gobingo on July 29, 2018, 08:14:20 AM

it could happen, and with the meeting it makes the price soar and it is great for the continuity of bitcoin prices in the future.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: talkbitcoin on July 29, 2018, 09:04:59 AM

if price went up with every little news that comes out then bitcoin price should have been at $10 trillion already! because there are lots of news coming out specially during the drop there has been lots of them. and meetings like this aren't going to determine bitcoin price in first place.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: pimondcrypto on July 29, 2018, 01:35:41 PM

I think the meeting has ended positively, which will open the new potential for Bitcoin. Investors started investing their resources. Bitcoin prices are expected to continue. Bitcoin has increased prices by 2.4% at the same time, which is very positive.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: washing.machine on July 29, 2018, 02:14:17 PM

At the meeting, G20 nations were also encouraged to further improve communication and policy coordination to maintain macroeconomic and financial stability, while supporting multilateralism in resolving global economic and financial issues.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: voltagecrypto98 on July 29, 2018, 02:56:09 PM

From my point of view most of the people are banking on G20 summit. They only talk about the progress toward the regulation of cryptocurriency. It happen before G-20 Summit.I think it wll not a cause of result on the price.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: TravisField on July 30, 2018, 04:11:25 AM

From my perspective i think for G20 summit bitcoins price will rise and it happened all time before this summit was held. That’s why I think investors are the main beneficiary of this summit.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: KennethDarnell on July 30, 2018, 06:34:46 AM

There has been a notable pump in the price of Bitcoin. This pump might be due to the G20 summit. This G20 summit took place on the capital of Argentina where world's 20 largest economies met. Soon after the summit, rise in price of Bitcoin was noticed.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: Eto_mete on July 30, 2018, 06:47:50 AM

I guess the end of their initial meeting positively and now the day has come for the final verdict and I hope that it will be very favorable for us. I think it is a simple matter for crypto market that there has a possibilities to getting the market rise and down.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: Akmaral ( Akee) on July 30, 2018, 08:58:25 AM

That meeting gives us a positive vibe. I assume ETF decision vibe made the BTC price rise higher in the market through The meeting made some effect in the BTC price also. That meeting came up with a statement which is not very hostile to Crypto-currency market. So that makes hope.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: DwaneJacky on July 31, 2018, 03:02:17 AM

Could be or could be not. What the main reason behind it is that the investors were waiting for a slight indication for the price to rise. And the minute that happened, even after weeks, the price of the BTC started to have a constant rise.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: vuithoinha on July 31, 2018, 03:39:55 AM

Quote from: keanne_isaac on July 24, 2018, 01:41:04 PM

"Following discussions, the G20 released a statement where it said that cryptocurrencies “do not post a global financial stability risk” at present, but the asset class will remain under close examination going forward". This is the key to Bitcoin's rise

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: tutorroma on July 31, 2018, 03:48:54 AM

Last year's G20 meeting directly promoted the prosperity of the ICO market, and it was the dramatic growth of the ICO that led to the bull market at the end of last year. I believe that this year's meeting will also become a driving force for the bull market.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: JohnDcosta on July 31, 2018, 05:19:31 AM

The investors were in HODL for a long time. To be precise, for months. So, the minute the price rose, the investors were in action and that led to this consequence.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: AlvinJetton on July 31, 2018, 11:53:50 PM

The link given above, sadly is not working. Hence, l tried putting up some latest insights of recent Bitcoin breakthrough in my opinion. These include events such as, SEC negotiating for BTC ETF and getting above 90% approval from public and countries like Costa Rica, Venezuela, Africa. Also payment options increased with the use of Bitcoins in many well known companies like Samsung, BMW etc.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: DiamondsAndCoins on August 01, 2018, 12:36:07 AM

The exact reason could have been the Buenos Aires conferences or the ETF decision that was about to be made by the SEC. It seems the air is escaping that little rally we had.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: DanielJacob on August 01, 2018, 05:47:23 AM

Unfortunately the link you provided seems to be broken, however, recent events like G20 finance meeting, SEC negotiating for BTC ETF and getting a 97% approval from public and countries like Costa Rica, Venezuela normalizing BTC has made the recent breakthrough for Bitcoin according to my opinion.

Title: Re: Was the G20 finance meeting in Buenos Aires last july 21 & 22 trigger BTC pump?
Post by: ShawnJessie on August 01, 2018, 07:14:38 AM

There are many events happening around the world that are responsible for BTC getting pumped in the last couple of weeks. Though the link is not working but I read the news in some other site. I feel like these news are only spreading positive vibes among the crypto community and demand for BTC is rising because of that.