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Author Topic: Japanese run the BTC price!  (Read 272 times)
Koloulinger
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May 08, 2018, 11:54:26 PM
 #21

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

btc price higher with pair fiat money not japan market
you can read in coinmarketcap, click here https://coinmarketcap.com/currencies/bitcoin/#markets , and then click price, to get rank list about bitcoin price

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May 08, 2018, 11:59:12 PM
 #22

Japan holding a large volume of user network has the ability to manipulate the price to some extent, even though the network is a complete decentralized. Moreover in the past this was done by China who holds the majority of the miners as well the user community. On the whole I don't think that Yen is making an influence over bitcoin, because the forex market is far apart from the cryptocurrency.




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May 09, 2018, 04:31:49 AM
 #23

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.
prices fall not completely wrong MTGox, man! we should as users and investors who have a weak mentality self-conscious, that the fall of this price can also be caused by people panicked (mentally weak) because hearing negative news just sell it directly  Cheesy

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May 09, 2018, 06:00:07 AM
 #24

I was thinking before that Chinese run the market and that is why news from that region do affects bitcoin in the most negative or positive ways.  Japanese also have some influence but I don't think that they control the market as there are many factors that determine price.

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May 09, 2018, 08:24:50 AM
 #25

The only exchanges that matter are GDAX, Bitfinex, Gemini and Bitstamp. All foreign trading volumes do contribute somewhat, but they mainly affect their own market. I remember when South Korean exchanges were trading $5000 above western exchanges, which is beyond insane, but the western markets didn't give one single damn. Later on South Korean premiums vanished and became just a few hundred instead of thousands -- this perfectly indicates that continents have different demand standards and don't necessarily steer the other side up or down with it. That's the benefit of having different exchanges all operating different order books. Smiley

Totally agree. We have witness South Korea exchanges at a premium high but it didn't significantly affected the price globally. Although Japan has a huge chunk of trading volumes, I think its not enough to offset the Western exchanges to really bring a dent of the price (positive or negative). The price is going on another minor correction, but I do think that it has nothing to do with the Japanese market though.

I was thinking before that Chinese run the market and that is why news from that region do affects bitcoin in the most negative or positive ways.  Japanese also have some influence but I don't think that they control the market as there are many factors that determine price.

Chinese case is different. They are faking the volumes and manipulating the price until PBoC caught them.

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May 09, 2018, 12:52:18 PM
 #26

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.
Don't be quick to point accusing fingers.  Yes, the MTGox trustee messed up big time then, but I don't think that he might be the reason why the price of bitcoin is dipping recent. Anything could have caused it; the traders who are rushing off to sell since the price moved from 6k for 9k could have been the cause. Moreover,  the recent price that dropped isn't that bad.

Of course the MTGox trustee is not the only cause. But he is the spark of this recent fall. He sells and a lot of people sell with him.
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May 09, 2018, 12:56:48 PM
 #27

Of course the MTGox trustee is not the only cause. But he is the spark of this recent fall. He sells and a lot of people sell with him.

He said his sales were OTC and he didn't specify when they took place. How would anyone manage to pin the 'blame' on him when they don't have the facts?

The lack of brainpower on display when people roll these stillborn facts out is very tiresome to witness.

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May 09, 2018, 04:35:19 PM
 #28

Of course the MTGox trustee is not the only cause. But he is the spark of this recent fall. He sells and a lot of people sell with him.

He said his sales were OTC and he didn't specify when they took place. How would anyone manage to pin the 'blame' on him when they don't have the facts?

The lack of brainpower on display when people roll these stillborn facts out is very tiresome to witness.

If I remember correctly, he is selling his BTC on 3 public exchanges. And the fall of the Bitcoin price is always happening just after he moved his BTC from his wallet.

Other than that you can ignore the messages or the poster that you think is rubbish, if you have enough brainpower.  Wink
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May 09, 2018, 04:37:39 PM
 #29

If I remember correctly, he is selling his BTC on 3 public exchanges. And the fall of the Bitcoin price is always happening just after he moved his BTC from his wallet.

Other than that you can ignore the messages or the poster that you think is rubbish, if you have enough brainpower.  Wink

Witness the power of my brain and cower - https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.   

Which means OTC.

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May 10, 2018, 11:54:51 PM
 #30

If I remember correctly, he is selling his BTC on 3 public exchanges. And the fall of the Bitcoin price is always happening just after he moved his BTC from his wallet.

Other than that you can ignore the messages or the poster that you think is rubbish, if you have enough brainpower.  Wink

Witness the power of my brain and cower - https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.   

Which means OTC.

https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

"Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin."

You can believe what you want.
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May 11, 2018, 12:22:52 PM
 #31

I predicted it would be ugly!
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May 11, 2018, 03:32:19 PM
 #32

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

Where did you get that number from?



The only exchanges that matter are GDAX, Bitfinex, Gemini and Bitstamp. All foreign trading volumes do contribute somewhat, but they mainly affect their own market. I remember when South Korean exchanges were trading $5000 above western exchanges, which is beyond insane, but the western markets didn't give one single damn. Later on South Korean premiums vanished and became just a few hundred instead of thousands -- this perfectly indicates that continents have different demand standards and don't necessarily steer the other side up or down with it. That's the benefit of having different exchanges all operating different order books. Smiley

And slowly SK turns into China, faking numbers and volume...

Quote
Chosun reports that police believe the exchange has faked its balance sheets and deceived investors. South Korea's Financial Supervisory Commission (FSC) reportedly sent ten investigators to the exchange’s head offices in Seoul at 10 am this morning, and will access the company’s computer system to audit the exchange’s virtual currency holdings
.

If they've faked balances I'm pretty sure they've faked everything.
I'm always puzzled how exchanges come out of nowhere and suddenly they have hundred of millions in trade.
Yet on 1000BTC dump and it's the end of the world... Grin

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May 11, 2018, 05:28:00 PM
 #33

You can believe what you want.

Direct quote from the man himself, who presumably like other legal and financial professionals in other countries gets fired and blacklisted for lying, or random sentence - probably bot generated - from piece of shit crypto press? Hmm...

I'm going to settle for the former myself but that's just me.

People who are balls deep in crypto seem to forget that elsewhere deception has actual consequences because there's this new thing out called being accountable.

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May 11, 2018, 09:33:44 PM
 #34

Bitcoin is legal in Japan so there is lot of influence of Japan in bitcoin price volatile and more important south Korea too influence bitcoin prices
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May 11, 2018, 09:45:34 PM
 #35

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.   

Which means OTC.

https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

"Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin."

You can believe what you want.

I'd take the word of the trustee himself over some random crypto media article. Wink

Also, many exchanges have OTC brokering services, so it's possible the whole "selling on exchanges" thing was mischaracterized based on that. He'd have to be very dumb to sell directly on spot markets too, which I doubt.

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May 11, 2018, 10:05:17 PM
 #36

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.   

Which means OTC.

https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

"Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin."

You can believe what you want.

I'd take the word of the trustee himself over some random crypto media article. Wink

Also, many exchanges have OTC brokering services, so it's possible the whole "selling on exchanges" thing was mischaracterized based on that. He'd have to be very dumb to sell directly on spot markets too, which I doubt.

Direct quote must be quoted from the official statement of the MtGox trustee himself. Not from a translator which writes news on a crypto news site. Cointelegraph and news.bitcoin.com have the same trust level.
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May 11, 2018, 10:37:11 PM
 #37

Japan's community allows the use of bitcoin due the high tech environment but I dont beleive the community is large and strong enough  to solely drive bitcoin price now. The country does not make the top 5 for the nymber of ICOs and the number of ICOs per million people. The population when compare to some cryptocurrency is not large enough to solely claim the ability to drive the price but the crypto community is well regulated to allow any form of its trade

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May 11, 2018, 11:08:08 PM
 #38

We are at their mercy!

so you afraid, let's think positive

Direct quote must be quoted from the official statement of the MtGox trustee himself. Not from a translator which writes news on a crypto news site.

the crypto sites are not very credible and reliable, so I would say that we always have to be on our feet with these crypto news sites because they live on rumors, they like to publish rumors

Cointelegraph and news.bitcoin.com have the same trust level.

I disagree, the second is totally turned to promote the altcoin cash and it seems that its journalists have the same opinion, I did not see any journalist in the newsbtc criticize the altcoin cash and it is not possible that all people have the same opinion



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May 14, 2018, 11:11:35 AM
 #39

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.
prices fall not completely wrong MTGox, man! we should as users and investors who have a weak mentality self-conscious, that the fall of this price can also be caused by people panicked (mentally weak) because hearing negative news just sell it directly  Cheesy
The rise in the price in the past few months was unnatural and I worried that it will down as big as its growth and we saw it happened. I didn’t surprise about big fall in the price because it was not according to the market value of bitcoin. Now it is normal and people are investing again in bitcoin because the growth now is according to the investment ratio.
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May 14, 2018, 12:35:50 PM
 #40

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.
prices fall not completely wrong MTGox, man! we should as users and investors who have a weak mentality self-conscious, that the fall of this price can also be caused by people panicked (mentally weak) because hearing negative news just sell it directly  Cheesy
This is the false assumption and we should believe in the Bitcoin because if you stop believe then consider that is the end of your life. Just focus on your investment and try to be more positive as compared to negative mind. This negativity let the people to sell out their coins and thus there is a decrease happens in the market price. Avoiding such negativity will benefit us in this market.

Maybe some whales would have manipulated bitcoin prices and doing right now also but it will not last for long. So, some country will be controlling the price of bitcoin may happen but it will not happen for all the times. Over time they will lose their power and bitcoin will become completely decentralized in near future itself.
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