Bitcoin Forum

Russia to buy $10billion in BTC to evade US sanctions...

https://www.infowars.com/russia-to-buy-up-to-10-billion-in-bitcoin-to-evade-us-sanctions-report/

this is a big ass "rumor" which is most probably not even correct. not to mention that it is impossible to buy $10 billion worth of bitcoin without pushing its price to more than $1 billion because of the smallness of the market!

in any case you should always look at the charts not the news sites if you want to find any kind of signals. and so far charts show the same sideways action without any major movements but a rather high volume.

I highly doubt it and if it does actually happen, the price of bitcoin will probably skyrocket above $20k USD lol.

Like @pooya87 said, it's all rumors to be honest. But I disagree with just look at charts to find signals, most price trends are followed by the news, not only charting triangles on graphs  :P

yes, that is good news and it can have a positive effect on the crypto market for the better.

I think, we have to wait for other positive aspects to create a maximum bullish market.

And then sell when it gets up there? Do you think Russia alone can pump & dump bitcoin? Mr Putin surely wouldn't even think of that, right?

Should we say that it is a big rumor? every good rumor that comes out and gets published to articles, everyone assumes that it's going to be a reality. Though some of those rumors became true but it didn't really gave a signal for everyone to buy bitcoin.

As pooya said, you should look at the charts and analyze it to the best understanding that you can. Some news are just bringing false hope and fake news are also scattered on the web to bring hype and fear.

yes, I also always analyze graphics, but I also always analyze every news related to crypto.

in my opinion, news greatly affects the market, so graph analysis and news analysis are very important.

Don't invest big amount just based on these news. It can be fake news also.

If prices move up everyone will be happy but I'm not confident that as of now prices can jump very high. I too waiting for prices to cross 10K to books some profit.

I dont think that russia is stupid enough to let this kind of information leaked since this is a very sensitive issue that they may evade US sunction?how they will do that to go underground?lol this isn’t give a chance for the evasion to succeed since crypto as i believe is monitored by the us government so russian will only widen the sanctions of this be pursued so stop this humor,this has nothing to do to crypto community and specially in price growth.dont be desprate in longing for bullrun

It's all pure BS until they give an actual legitimate source. This has been already debunked, as their source, the Twitter account, seems to be a fake verified account. The account has been sharing those "ethereum giveaways" in the past.

I suggest taking a look at this: https://imgur.com/yN1mBrh

@airdagon, yes news greatly affects the market. But it also matters if it's real or not, if it's real then the effect would occur for a very long time but if its fake then its all pure buzz and hype.

@minerhq I also doubt it that there will be a huge increase just because of that. It should be composed of pure market movements through high demand through people's belief and what we think about bitcoin.

In short, don't lean too much to rumors.

It’s always a good time to buy Bitcoins if you believe in the blockchain and have fiat money to you can afford to lose or speculate with the next many years.
This 10 billion rumor seems like it cut be fake news.

Even this is only rumour like some people above said or maybe really news that make good affects, a lot of people will agree about it. But don't forget to jump into fomo or maybe stuck in a news and then do careless in trading activity.

Maybe you can take this signal and buy bitcoin, by the way I check today bitcoin have growing up although with small change, but it will be the way how bitcoin will growing up at the next time, keep hold and make re investing your money at bitcoin to earn much profit.

if this news really means it is a progress for cryptocurrency ... bitcoin prices will skyrocket and investors interested in investing in crypto will also increase

Do not believe everything you read on the Internet, because most of it is fake and people will go to great lengths to artificially hype a specific scenario to stimulate <pump> the price.

We just recently saw another example of this, when rumours were being spread that the Japanese regulators were going to approve a Bitcoin ETF. <The Japanese regulators recently made an official announcement that they were not even considering that.>

Double check all of these articles from different sources, before you share information like this.  ;)

Your source is the ultimate fake news site?
CONSPIRACY LEVEL - Tin Foil Hat
PSEUDOSCIENCE LEVEL - Strong

Media Bias/Fact Check (https://mediabiasfactcheck.com/infowars-alex-jones/)

It's ironic that Trump calls a lot of news sites fake news, but he was on Infowars during his presidential campaign trying to get the vote of all the wack jobs.
::)Melania Trump Stumbles Upon Dozens Of Husband’s Haunting, Macabre Self-Portraits (https://www.theonion.com/melania-trump-stumbles-upon-dozens-of-husband-s-hauntin-1819596015)

Do you believe the earth is flat also?

This is pure BS and it's being dumped on ppl like you and me... don't buy those histories instead try to use @truStory to confirms rumors, with that you won't be caugth by a pump and dump scheme for lack of information.

There is a big possibility if this happens to Bitcoin with a buy rate of $ 10 billion,
1. Bitcoin will skyrocket through the highest number,
but that is the biggest number that must be issued by Russia, well usually things like this are not published, if all of them know about this, surely everyone wants to buy Bitcoin, I am not fully sure about this news, whether true or not, just look at it later.

huge if true but I think it could be just rumor.  may be that was the whole reason for the dump so they could now buy them in bulk.  ;D

this is just another sad attempt by desperate people who are in bitcoin market but have no understanding of how things work in it. we have seen a very similar thing in the past 4 or 5 months from probably same people who were constantly making up stories about how big amounts of bitcoin are being sold on exchanges. amounts that were always in billions of dollars and they thought they could cause a panic by spreading that FUD and now they think they can create a hype by spreading nonsense again and make some of the money they lost back!

Yes I have read this news before and for me personally it will not be easy to believe something that is on the news, just making it as a motivation in my opinion it will be fine but I hope you are not so 100% to believe it, however the market will recover soon someday. So without the need to expect the effects of a news I think we should believe because there are still many problems that I see for bitcoin to recover.

nothing confirmed , still just a rumor , but if its true its a massive buy signal. might be worth to gamble on the rumors being true though.

I think if Russia buys $10billion worth in BTC, the market will move up and down too fast because traders will panic to see the price going to somewhere and they will think that there is something happen in the market. But so far, I don't see any significance in the market, and the chart is on the sideways. But Russia can diversify their buying price into many prices and they can get lower price too by doing that, and I think they can get more and more bitcoin.

Rationally, I agree with the video but basically, all of that is on an agreement. Fiat was created also part of the agreement. The central bank has a bad system that makes a person or organization get into trouble even the country can have problems. While Bitcoin does not only move numbers, but the numbers are confirmed by many people and are public. Whereas the banking system is only the two parties who can know. I have done an ATM transaction failed but my money was deducted and had to take care of the nearest branch office, they said I had made a transaction and finally I lost my money.

This is not fake news or confirmed so at the moment it's a rumour without any serious substance. It could have some truth, and it's highly possible that other countries are doing the same. We know north korea is doing it so why not russia

Really that's good news we see a sign that bitcoin growing up now even a little changes it's good for us. I am continues invest in bitcoin and wait for a while cause I know my investment here will gain high profit.

This 'BIG' news moved the price +100$/BTC at max/if any.

If they are to invest in BTC why would they just put $10B that is too small for the risk.
But if its true, it still can be making the price go up a bit. There are few things they would consider before doing so, why BTC when they do have their own like ETH. Easy for them to do that.

I disagree that the amount involved if true could make bitcoin price to rise.
We need to understand that the price of bitcoin at any point in time do not pander to the factor of demand and supply.
It is more of a speculative market .

It doesn't look like that to me. Price is fluctuating up and down but actually in rather small range and it's not stable not in growing or falling. But to my opinion there is no simple way to make market and price grow and especialy not taken by individuals or groups. And market is functioning more complex than just supply and demand ratio.

When there is high demand the possibility of Bitcoin price to rise is achievable even as it was achieved in 2017. Candidly speaking, the possibility of the Russian government to buy $10billion in Bitcoin might just be a fallacy as no human in their right senses will push in such amount of TAX payers money into what i called "Globally Unacceptability currency with the issue of it usability". We should wait for more news which will likely spike off Bitcoin buy signals.

Exactly, Fundamental analysis has it is own preference but, if are good at reading charts and you have tight stop-loss while trading then you are safe. Such rumors are not worth a traders time.

No, I dont think bitcoin is gonna go up now, by long decreasing I think it will fall again

I expecting a lot of development from the side of cryptocurrency especially Bitcoin in this year if Bitcoin will not going right way then I can definitely withdraw from this business and need to change that arts from the development of cryptocurrency.

Nah, I'm not buying this news. Why would Russia put all their money in Bitcoin? just to hedge because of the economic sanctions from the West? LOL. I'm sure his advisors know how volatile crypto market is, and the risk is higher so I doubt that a country will just go and say "let's go full crypto" today and wait till the price goes up in the future.

You really need to read between the lines with crypto media nowadays, because everything that is reported is like to sway the minds of investors to invest or worst, to panic sell. For me this is just a rumor and nothing else.

i dont think that is the real news, but i think there are happen in bitocin, why? because today, the price of bitcoin is rise up, but when i do some research why the priceof bitcoin is increasing, i dont get any information about it

How can one even believe this is true ?? Mind-boggling. Russia is exchanging some of its currency to euro and yen NOT to bitcoin. Anybody believing stories like this are delusional.

.. my 2 Satoshi worth.  

If there is an element of truth that a country like Russia starts buying BTC - increasingly -  then other countries will have to follow for FOMO, to avoid competitive trade disadvantage and to stop Russia from having too much influence on BTC holdings, and price.  That would be an imperative.  Just because there doesn't appear to be much price activity atm doesn't mean it couldn't all go up much much quicker than in 2017, IMO, as countries put large potential buy strategies in place using intermediary cyptos, just in case, like Russia.

I think this will certainly happen when other countries start dumping their US$ holdings and there is a race to the bottom with other currencies having to devalue as the world economy declines. In this case, BTC price to the moon when simply priced against devalued fiat currency.

I'm not buying more because of this article, just HODLing what I have and hoping that the biggest whales (countries) will one day soon compete to snap them up...

That's it mate,knowing how russian governments assets ,i dont think they will just invest $10billion when they are fighting against US government,they can put a trillion dollars to make the evasion more efficient,but the sad thing is the two big countries lik US and Russia will not go this area of battle instead they will have for sure more accurate strategy than using the decentralization of cryptocurrency

Ok so i think that we have to realize that not every article and information from the internet is real and valid.I have seen from quite some time that even on these threads people are spreading some speculations about BTC and some of them might be true but let's not suggest all sorts of predictions to trick people.

This is understandable, but in this case there will be neither a clear bottom nor a tusemun, so what? And only "whales" will pour mad volumes on each other on the off-exchange market, without affecting the exchange rate, right?

I also noticed that even with the purchase of a large volume, the price does not readily go up or draws "shadows", but when even small volumes are drained, it flies down sharply. Most likely, the way down (so far) is easier, and in order to push the rate down, there is no need for much large amounts of money. On the other hand, hamsters and small investors with buckets are down there, too, there is no special reason to pour them on the bottom, and then drag the whole crowd up, and the crowd will pour with growth for every 300 to 500 bucks, hindering growth. Perhaps this is one of the reasons why they do not shed the course yet, too many buckets are guided by the crowd below, and only the lazy one is not waiting for "three thousand and rebound")

This compelling video of bitcoin chart analysis indicates that bitcoin will go down to $2900 in the next few weeks, then explode for three years. The Great Crypto Bull Run is coming!

https://www.youtube.com/watch?v=Tfts2qHGle0

No one can answer this for sure but IMO, it's still to early to decide.
Maybe another few month, the market will reveal the truth but I have feeling that downtrend will keep happening until the end of the year.
I can be wrong by the way so it's your decision

I hope this is not just a rumor. So that it will have a very significant impact on the crypto market. And we are immediately released, from the uncertainty of the current crypto market

you should seriously stop watching  crappy Youtube videos from newbies who are only creating videos to make money from their number of views increasing. most of them have never even traded more than a $100 worth of bitcoin in their entire lives and now they are posting "analysis" about the market!

but if in my opinion it might be possible if someone wants to adopt bitcoin on a large scale, the problem is definitely going to have a good impact on the price of bitcoin. because the more you buy, the faster bitcoin will experience price increases

But you know Bitcoin BTC buying signal already created huge days before,so I just tell you yes good signal for more buying and hold Bitcoin asset.but remember it,I do not tell you confirm date.when Bitcoin price going up and how much Bitcoin price will jump. Basically huge people want Bitcoin price large market.so it completely depends Bitcoin big investor,supply,holders increasing people.so it need to analysis Bitcoin market 2017 last year and 2018 start year.then you will understand'what situation waiting for everyone.

I really do not believe much in the news surrounding Bitcoin or in general the Cryptocurrency market. Most of it is fake news created by the Market Movers to get people to either purchase or sell Bitcoin and to create what we generally call FUD OR FOMO. I have to really probe into many news outlets to see if something is just a rumor or is real news. Also please take into account that before any big holidays like Xmas and Chinese New Year, the Whales like to create a little hype so they can pump Bitcoin a little in order to cream off the profits from the hodlers and other unsuspecting people buying and holding Bitcoin for longer term gains.

This news has already been discussed by many renowned people from the crypto community, but if you seriously look into it, it’s no more than just words. Information about the purchase of Bitcoins by Russia came from an ordinary minister who does not have the power to make such decisions. Usually, such decisions are made by the Minister of Finance Anton Siluanov, the head of the national bank, Elvira Nabiulina, or ministers having a significant role in the Russian internal political system. Most likely, the words of this person can be considered only as a personal opinion or wishes, but certainly not as a fact that such conversations are conducted within the top of the country.

The fact that the Russian government is interested in the crypto market and bitcoin in particular is a good sign. But I think that buying bitcoins for several billion dollars is another duck to maintain interest in bitcoin.

this is just a rumor there is no clear certainty, if the government is proven to buy very large bitcoins it is good for the crypto world because there is already a government that looks at bitcoin

If that's really happen, why the price value in the market is not showing a bit changes for that news. It means, nothings happens yet, but as this point of time it is a good opportunity to buy bitcoin now while the value was cheap then hold before its too late when bull run comes at the right time we didn't expect to be happen.

This value is equal to high percentage of market cap of BTC which is about 65 billion US Dollars. There is no way to buy such amount of BTC without causing a price rise. Russians are not so stupid to invest their money only one asset and this claim can only make them laugh.

Apparently, Russia helped Venezuela and invested 6 billion in them. Nowhere is it indicated how the tranche was implemented.Perhaps for these purposes and was used bitcoin.Perhaps Russia is going to help some other country.In addition to this option, alas, I do not see more other alternatives. Just so send 10 billion to Bitcoin, such a country cannot. This is at least impractical.

Big rumours like this can cause big impact on the markets. As you mentioned it is not simple like that to announce the buying intention and increase the price ???. 'Buy the rumor, sell the news' is known trading strategy and spreading this kind of news can be caused by  several external and internal factors which can't get disclosed.

We have long been convinced that not all news should be trusted and not all of them can somehow influence the market. Regarding this news, I think it would clearly be able to move the price of bitcoin up if it true. As many have said above, it is better to analyze charts. It will be more useful and more reliable than some news.

It will be huge news for cryptocurrency market and i think its start of bitcoin era if this happen. Bitcoin will be used by government if Russia Government buying bitcoin and i am believe the future of bitcoin will be good

I heard Russia want to change their payment transaction for selling or buying at other country by using bitcoin, they want to change with payment system by USD and its the best solution how to make bitcoin will growing up again.

I think we can all pit basis on the present price of the bitcoin today. If we are going to analyzed the price we can surely say that we are now in a very big advantage of buying. If we buy more today and hold we can maybe make a huge amount of profit during the price rise. But the only obstacles here is that we don't really know when will be the exact time of the rising of the crypto coin.

This is one of the things that is killing and affecting the crypto space. People are just interested in spreading speculations that have no internal relevance about the crypto ecosystem. Such speculations kinda discourages people from joining and supporting the entire crypto movement. I don't see this info helping bitcoin and the entire crypto space if it was to be true.

russia buying bitcoin could probably be a rumor a government buying bitcoin for 10 billion dollars may nt be true some fomo related news rumored from russian sources

There is no need to dig deeper about this thing cause it only just a news, it is doubtful for the execution. Though Russia have the capable for, but it could be big enough for them to get trust into crypto.
There is no need for Russia to compete with US in this terms, but maybe in the other ways.
With all these facts, lets see what will happen next since the market is still silence and no pumps happen.

Lol. People who were saying they should have bought btc years ago probably have forgotten their sentiments 🤣 when the price spirals down, most of them forget about buying low and focuses on whining how it's the end for btc.

Maybe that can happen. We cannot predict how long and how much it gonna down, still better prepare. Even today is good time to buy bitcoin. The price is very volatile on the market which has high risk to invest but it depend on us to decide what to do. Maybe do not wait long to make a decision because you do not even know if the fall happen until the year end again, if not you gonna regret the opportunity.

maybe it's just rumors but that will be the way how bitcoin will grow in the next time, but don't forget to jump or maybe you are stuck in the news then careless in trading activities.

Russia is not going to do this, but if anyone is having the plan to buy huge volume, you won't see it on a news website or anywhere unless the market is responding to such event. One should not blindly follow external news if he is taking any investment decision, fundamental or technical analysis is a wise method to do research. I won't call it a buy signal at all.

russia is a controversial country and they can do anything what they want .


yes we wont see it if they wont publicitize thier moves . we can only see it reflecting on the price charts  . if someone buys a huge volume then the price can skyrocket  immediately  .


why not ? if they news if confirmed to be legit , then theres nothing wrong to follow it   . news can be a good source for making your next move  .

If it is not a rumor, it may well affect the market. After all, this is a fairly large amount, which should definitely pull the price of bitcoin up. But unfortunately it is unlikely that this is true. I think it's an just rumor.

They went to 6000, lowered to 3000, went to 3000, thereby Raised to 3400. It will not rise anymore. Or merge again to buy even lower later, but the course will not go uphill until someone invests their money. There is the usual transfer of funds ... Someone took it from someone, and someone lost it. Wait until you again give up, then there is nothing to hope for. Millions of Russians have developed a pochuchut, a lot of money has poured in, now they are in the ass and someone has put their money in the pocket.

And who again will bite this question ... History will not repeat twice already.

Doubtful. That's not how Russia works. The source is an economist in a state-controlled teaching post. You do not get such positions in Russia by acting on your own initiative. He was allowed to say what he said. As such, if you were going to end-around US sanctions with crypto, you wouldn't announce it as it would jack up your price, and since the FBI owns must of the world's coins, can track and freeze them, and the whole technology was created by NSA, so this would be stupid all around.

No, someone wanted America to believe Russia was going to try to buy coins. I actually think they're trying to get US politicians to attack bitcoins and cryptos. If Russians are buying coins to end-around sanctions, I'm sure it would be mafia handled and privacy coins. Russia and China have a very low standard of living, people make like 3 dollars. Russian "billionaires" are a drop in the bucket compared to even small-time big money in the smallest of US cities. Russia and China need and can afford coins to go very low. It's an attempt to drive the price down and take over the crypto future in my opinion.

In short, it's either irrelevant noise or a sell signal.

It's great if it's really true but again crypto market is full of unexpect things !
The story will be different if you believe if this is the right time to buy but IMO, crypto still going downtrending especially because of ETH hardforking that happen recently !

If the news is true and facts, then that is good news for the development of bitcoin in the future. In my opinion, for long-term investments, by looking at current bitcoin prices, now is the right signal to buy bitcoin and make long-term investments. As we know in the next few years, the development of bitcoin will be better than now

Or it's just a rumor. Or for some reason it is not enough then to bring the market out of this state. I understand that many are tired of waiting for growth, I am also waiting for it, but we really need some important event that will lead the market up. We will just wait.

If this rumours happen, i am believe its good news for bitcoin and the price. Bitcoin will first time officially bought by government and maybe become government reserve. It could be folllowed by others country and i think its good for bitcoin price and others cryptocurrency

If Russia is buying Bitcoin and other cryptocurrency for investment purpose then how do you think that the price will move up, as they are going to buy for only once and then who are going to buy and push the price. So i think it will take time to move and what about Russia going to buy slowly so market wont react and their target will be achieved. So i think this news cannot be confirmed until it is officially declared by the Russian Government.

Russia denies buying $10 billion in Bitcoin (https://www.ccn.com/russia-denies-buying-10-billion-in-bitcoin-telegraph-story-fake-news/)

i think this will jepordise the concept of money more and more,

people will start to laugh at the usd, and bitcoin will soon follow.

Yeah if that really happens. of course marketcaps and demand will rise very high and make the price of bitcoin skyrocket. and of course bitcoin will become popular again in the future. but things like this are just rumors that are sometimes not realized. don't buy just because of rumors. look for the news that has happened

We have to respond to good signals for increasing bitcoin by starting to enter the trade, or we can invest gradually because the positive effects can continue.
 we do not need to wait for the price to rise too much if we want to enter into the trade, if we enter the position of the price is still low,
 we can get the potential price increase in a short time.

Be careful if you buy bitcoin because you read the news. The news could not true as we know that many people will want to take advantage of making news because the news can make people panic buying or selling. You need to check the truth of the news, so you know what is going on in the market. It's better to check on the market directly so you won't confuse with many news in out there because some news was only for making people panic.

Very well said!
The news is not possible to happen there are so many people holding bitcoin on their wallet and it is impossible to buy that much. remember that oneexchange will have one owner if that will happen (BTC).
A billion might be possible and it will push the price up.

This is amazing and at the same time amazing news ! It turns out that Representatives of the Russian Federation trust bitcoin. I think that people should listen to the opinion of the head of the country and begin to trust the cryptocurrency market more ! But I think it's better to wait for an official statement from the President to make sure of the information.

There are many news like this. Previously Iran bought a lot of bitcoins and the price of bitcoin touch 15K last year in Iran. Russia on the other hand is much larger and if they buy 10 Billion dollar worth of bitcoin it will bring some positive buying in the market.

It all depends on whether it's true. And actually even if it is, does it really make much difference. The price of bitcoin might jump up a bit but then there will also be people selling, as well as buying, so the price will just fluctuate.

Of course, it's not true. How will they explain this to taxpayers and pensioners? How will they deal with such volatility of Bitcoin (https://cryptodetail.com/bitcoin-technical-analysis)? Who will bear the responsibility for this? I guess no one could take that high risk, even mister Putin. 

I don't know.  Sanctions are biting Russian economy hard, and he might actually take that chance and buy BTC.

Putin has big balls, and if push comes to shove it is better than nuclear war, and it would free the Russian economy from the restrictions of sanctions while spitting on the west.

And It might just be a very popular move for domestic Russian politics.  Certainly the initial market move with $10 billion in Russian money would be an instant profit so the domestic backlash from such a move might be minimal if not entirely absent, and then if there is a downturn at a later date it would have been forgotten by then.  Hell, Russia could be the ultimate in "pump and dump" whales!

I see no downside for Putin on this.

Interesting news, but I don't think it's true. It is unlikely that someone declassified detailed information. Especially the Russian government. And how should this help against sanctions? It's just a rumor.

Of course, what a major purchase would have a very positive impact on the development of bitcoin and cryptocurrency in General. But I don't think this news is true. Most likely, just a rumor that is actively distributed on the Internet.

I think that the Russian government is unlikely to carry out the purchase of cryptocurrency as a public procurement. But many officials are likely to have purchased bitcoins. I read a lot of articles about it. But whether this news is true - we learn with time. So far I have not heard any official confirmation.

hahahhahahahahahaha.  Indeed it is a big ass rumor. People always generate false news about bitcoin and cryptocurrencies in general spreading false speculations just to bring fear and panic to the crypto space. Its time this false news stops.

I wouldn't be surprised if this pump and dump of a plausible rumour is designed to just-get-the-idea-into-the-mind-of-people so that when (if) it actually starts to be acknowledged that its actually is happening, the price moves up much quicker and decidedly because the FOMO has already been sown into the minds of people most likely to buy .. and the Russians profit more this way.

Timing, of course, would be everything - most likely when the US$ starts a decline like during the last bull run in BTC ... and that time is coming soon, IMO ...

I have bad news for you guys. Take a look to this news: https://forklog.com/mnenie-sluhi-o-pryamyh-investitsiyah-rf-v-kriptovalyuty-ne-imeyut-ni-toliki-zdravogo-smysla/

If you don't speak Russian i will translate the main idea for you. 'the Russian parliament denies the will invest 10billions in bitcoin at the start of the 2019' So, the bump it's gone. Now who will save bitcoin?

Just following up on this. It's February 7th. Never happened. As said. This obviously had nothing to do with reality.

Putin made all kinds of threats on TV about the INF treaty withdrawal etc, and none of those stated by him came to be either. Fact is Russia is an inch from collapse, and the US has nothing to do with it. Communism being a failed ideology is their problem. Russia will soon rise again from the ashes of wounds of Communism with Orthodoxy and traditional Russian life. You're just watching the death of fake, commie "Russia"

If this news is truth then that might really be the biggest investments signals in cryptocurrencies for a while.  I doubt this news and I hope such actions are in pipeline. Let said this news Is truth then we should expect the cryptocurrencies market to move upwards in a high level.

If they were buying it'd be over a very long period of time and governments just dont speculate in new assets like this to any extent.  They have elephant feet which is a problem mentioned by Warren Buffet, the problem of a whale is they empty the bathtub of any water :P

Russia and China have both been buying and holding gold to a notable extra ordinary extent for over a decade now.   That market is larger and obviously has been around forever.    Russia did switch their stance on crypto to be less negative I think, that was a positive but I'm still not sure its any big buy signal etc

not yet, but it's sure to be a good signal and will be enlivened after we reach the end of 2019, I believe it can push the bitcoin market out of bearish

Well we're not expecting any real good news anytime soon though. People are looking foreward to an etf result but i doubt even an approval would genuinely propel us upwards. I'm quite relaxed into buying right now since we may stay in this kind of market for a longer time regardless of what news or signal may come.

I don't trust the buy signals anymore. Anytime people say we are going up I feel like we might go down as much as we can go up as well.

Like there is no difference anymore between going up and down and anything could happen at any given second. Tomorrow I can wake up to bitcoin being 2 thousand dollars or 10 thousand dollars and neither would be impossible. We all would be surprised that it moved that much but none of us would say how it happened because its bitcoin and we are used to seeing stuff like this from bitcoin.

I think the most logical thing to do right now is to wait and see how the trend will move the price, depending on the trend if it starts to go up you can buy (if it goes up %5 you can start buying because usually if it goes up 5% then it goes up higher as well) and sell when it starts to go low.

I'm not buying this Russia rumor. The Bitcoin market is too small for a government to get in right now. No government is gonna buy into a $60 billion market to use as a reserve. Maybe when the market cap is in the trillions they might.

I don't expect any piece of news to make bitcoin rise. I expect in 6+ months for the market to shift upwards and only then will positive news affect the price positively.

this whole thread is a just a shit post designed to try and pump more money into BTC so they can then turn around and dump it again.

That is just the nature of the markets, if you watch any other market you will see people making bullish predictions and then when the market goes down they try to find some explanation for it when most of the time there is not a logical explanation we can give about why the market moves the way it does, that is why long time ago I decided to stop following those kind of news and only concentrate on the price.

This website seems like a not credible source to me.
I have never seen any news like this one from other websites like BBC or CNN, for example, noting an incident like that. It is always some unknown websites who publish information like this one which makes it untrustworthy.

This information cannot be considered as the official statement from the Russian government. If that's true now some impact could have taken place on cryptocurrency market in large scale, what we experience at present is just fluctuations with minor growth.

That will only make new people who invest in bitcoin will panic, and they will think that bitcoin still not safe for them. I only hope that people can think about the truth and don't make a fast decision before you search for the truth from the other news. We need to compare with the other website so we can know what is happening. But once again, you don't need to worry or afraid or even panic.

Which is really common in case that this news was for real, the value of bitcoin will rise so high after this amount being invested, but the
reality, there's no big movement and there's no confirmation yet from russia bringing this news to be another speculative and just to
create some hype and nothing at all.

For me, the very best signal to buy bitcoin is when i think it's reaching already the bottom like when its market value became stagnant for long time. It's really important to have a good reading of its progress because i don't really want to be in a bull trap.

Even if it is true, bitcoin price can not be determined by just a single buy from an exchange. Although it might pump the price in some few seconds, it will return to its normal price when the bears take the profits that have been added.

As confirmed by the one of the respected colleague that the suorce of the information is fake and I believe it is fake because adoption of Bitcoin is one of the major challenges by the government let alone for Russian government to invest $10 billion at this time.