2 big news - Bullish sing or manipulation?

[timotron]

Maybe this 2 press releases from today bring some nice moves to BTC and [eth], but you never know if this is a manipulation strategy
This are big players, they can turn the market any moment.


Bitcoin to 50.000 this year?
https://www.cryptoglobe.com/latest/2018/11/swiss-regulator-cryptoasset-risk-coverage-to-be-estimated-at-800-of-market-value/

Ethereum Staking coming soon,
Ethereum to 1.000K this year?
https://ethereumworldnews.com/jp-morgan-we-are-big-believers-in-ethereum/


any comments on this been a manipulative strategy?

[1713474984]

1713474984

[Slow death]

I have few things to comment

1 -) about bitcoin: I think it's impossible for the bitcoin price to reach $50,000 this year, and I find it very difficult for the price of bitcoin to reach $50,000 next year. In my opinion we will see the $50,000 after 2020

2 -) about ETH: I think it is impossible for the ETH price to reach  $1000 this year, maybe next year, once the bitcoin price increases to  $18000, then the ETH price will be  $1000.

[Harkorede]

IMO both comment are exaggerated because the current market is showing more sign of stability and survival rather than the supposed big price turn over, as you've already stated it could one of the be some big players manipulative strategy, but that'd wouldn't matter if indeed it makes a positive significant impact on the market.

[davis196]

The first article has almost nothing to do about the future bitcoin price.It's a discussion about crypto "risk-coverage" or a "risk-weighted price" and some other bullshit.If one investor owns one bitcoin,the investor will have to cover 8 times (800%) the price of that bitcoin,in order to secure it's market position.
Total nonsense,if you ask me....
I don't really care that much about ethereum though.I didn't read the second article.

[timotron]

I have few things to comment

1 -) about bitcoin: I think it's impossible for the bitcoin price to reach $50,000 this year, and I find it very difficult for the price of bitcoin to reach $50,000 next year. In my opinion we will see the $50,000 after 2020

2 -) about ETH: I think it is impossible for the ETH price to reach  $1000 this year, maybe next year, once the bitcoin price increases to  $18000, then the ETH price will be  $1000.

Comments sound more realistic than then press releases!

IMO both comment are exaggerated because the current market is showing more sign of stability and survival rather than the supposed big price turn over, as you've already stated it could one of the be some big players manipulative strategy, but that'd wouldn't matter if indeed it makes a positive significant impact on the market.

I think that would matter somehow, difficult to say if we are not in the game.

The first article has almost nothing to do about the future bitcoin price.It's a discussion about crypto "risk-coverage" or a "risk-weighted price" and some other bullshit.If one investor owns one bitcoin,the investor will have to cover 8 times (800%) the price of that bitcoin,in order to secure it's market position.
Total nonsense,if you ask me....
I don't really care that much about ethereum though.I didn't read the second article.

yeah, it is confusing.

Cool reaction to J.P.Morgan and Eth news 

[YuginKadoya]

In my opinion, It is really a manipulation rather than a bullish increase, And it is rather hard to say if we can make a $50,000 USD value this year because the bearish market is suppressing it to happen, But if there will be a manipulation of the price I really think it can only make a small movement because we are now in the Month of November this year, Pretty sure many people are into the holidays season and their money is going out instead of going in.

[BrewMaster]

to be honest i find both of the links too random and i am having a hard time trying to understand why you thought these are "big bullish news"! specially since neither of them have anything to do with bitcoin and second one is simply advertising ethereum with a fake news

[cabron]

I have heard the news about JP morgan through the Weidex telegram channel, the company supports the token so they might just pump it themselves as well.  Maybe its true. These will not just pump BTC and ETH but will also raise the price of the most tokens in crypto. SEC would be pressured to approve ETF if the price are going to rise like hell.

[hubballi]

Seeing the both news i think ETH has the potential to move above $1000 mark this year as it is manipulated with big whales but Bitcoin price moving to $50000 is highly impossible, at the most it can go till $20000 - $25000 maximum range.

[btyco]

Both predictions are unrealistic, they should say by end of next year which is the most likely scenario. If an etf gets aproved it could go way beyond those figures

[Pab]

Some bull run is coming but only one reason is Bakkt
 Bakkt plans to launch next month on December 12
it can very important for bitcoin
Here is why https://twitter.com/jchervinsky/status/1059828623471972354

[adaseb]

Some bull run is coming but only one reason is Bakkt
 Bakkt plans to launch next month on December 12
it can very important for bitcoin
Here is why https://twitter.com/jchervinsky/status/1059828623471972354

I think that it will get approved because if its anything like the Bitcoin futures, its self certify. The Bitcoin futures were out for a year already and there was no issues with them really so I don't think the regulating body will have any issue with this one. I am 99% sure it will get approved and launched.

However we knew about Bakkt since the Summer and it didn't start off any type of rally. Price was trading sideways and then went down. Only the ETF delay caused price to drop like $1000 in like 2 days and everybody knew it was going to get delayed or denied. And later when those 9 ETFs were all denied, the price went up.

So basically none of this news has any correlation what so ever. Buy the Rumor and Sell the news, didn't seem to matter this year.

[Quidat]

Maybe this 2 press releases from today bring some nice moves to BTC and [eth], but you never know if this is a manipulation strategy
This are big players, they can turn the market any moment.


Bitcoin to 50.000 this year?
https://www.cryptoglobe.com/latest/2018/11/swiss-regulator-cryptoasset-risk-coverage-to-be-estimated-at-800-of-market-value/

Ethereum Staking coming soon,
Ethereum to 1.000K this year?
https://ethereumworldnews.com/jp-morgan-we-are-big-believers-in-ethereum/


any comments on this been a manipulative strategy?

It seems so impossible to reach $50,000 this year despite with all of that good news that keeps on popping somewhere but i guess it has no effect yet. That counts as nothing to bitcoin and it seems that it doesn't care about of those news, bitcoin might be waiting for something big to come out rather than this small fish news.

[harizen]

any comments on this been a manipulative strategy?

I can't see of a good reason why should these 2 articles will lead into "nice moves" that happened to BTC and ETH "today". Can't even considered a thing that can triggered a manipulation honestly because of overall, it's "what if". There are lots of articles and news today saying that bitcoin will be bl

Overall, a speculation in the end and up to others if they will buy it.

[Pamadar]

Maybe this 2 press releases from today bring some nice moves to BTC and [eth], but you never know if this is a manipulation strategy
This are big players, they can turn the market any moment.


Bitcoin to 50.000 this year?
https://www.cryptoglobe.com/latest/2018/11/swiss-regulator-cryptoasset-risk-coverage-to-be-estimated-at-800-of-market-value/

Ethereum Staking coming soon,
Ethereum to 1.000K this year?
https://ethereumworldnews.com/jp-morgan-we-are-big-believers-in-ethereum/


any comments on this been a manipulative strategy?

It seems so impossible to reach $50,000 this year despite with all of that good news that keeps on popping somewhere but i guess it has no effect yet. That counts as nothing to bitcoin and it seems that it doesn't care about of those news, bitcoin might be waiting for something big to come out rather than this small fish news.

For some reason this news can bring some hype and attracts investors interest, if things start to become bullish again both coins can move we don't know yet if that value can be achieved or maybe it can move forward, the only matters is if seen good run before this year will end a lots of things can happen after that, though the figure can be impossible to achieved but if manipulation will happen and really move those coins to this level then it will really bring a huge impact.

[1Referee]

However we knew about Bakkt since the Summer and it didn't start off any type of rally.

It's the bear market nullifying everything that fits in the good news category. I'm certain that if it was announced during last year's bull mania the market would go nuts over it. The only problem Bakkt will be facing is that the bear market will significantly reduce the demand for their product. I hope it's calculated in and they accept that this is part of crypto.

That being said, while Bitcoin is sitting on its ass, there is something brewing in the altcoin market for the last couple of days, so we might be in for some crazy fireworks over there. I went long on Ethereum just under $210, so I'll let that position accumulate me some Bitcoins as insurance for my long position on Bitcoin around $6500 that doesn't seem to be doing much.

[dothebeats]

Bitcoin reaching $50,000 is still a far-fetched proposition even after 3 years since the last ATH. For this to happen, the market needs to add over $700M to bitcoin's current market capitalization, and that's no easy feat. This is not 2013 when a single bot can manipulate trades and do inorganic price rises since there are more eyes on this market now. The money has to be pumped in to the market and where are we going to get those anyway?

As for ETH, JP Morgan expressing their interest in ETH technology doesn't necessarily mean that they are going to make big investments for the said coin. It's a positive statement, yes, but not enough to actually spark a crazy bullish movement.

[okala]

I have few things to comment

1 -) about bitcoin: I think it's impossible for the bitcoin price to reach $50,000 this year, and I find it very difficult for the price of bitcoin to reach $50,000 next year. In my opinion we will see the $50,000 after 2020

2 -) about ETH: I think it is impossible for the ETH price to reach  $1000 this year, maybe next year, once the bitcoin price increases to  $18000, then the ETH price will be  $1000.

I agree with you I doubt if bitcoin will even cross $10,000 this year again and ethereum $500. The current market conditions will not allow that type of pump even if Bill Gates decided to invest in bitcoin and cryptocurrency.  However we are keeping our fingers crossed to see how this plays out.

[Harlot]

I think that you have misunderstood the news, the way I understand the article it is rather a bad news for me. They just indicated that BTC is a highly volatile currency and they had estimated a risk coverage at 800% which is around 50,000$. They didn't predict that BTC will go up to 50,000$ they just assumed that btc has to be 50,000$ in order to cover the risk involve with it which bad news for us investors.

[Theb]

With the risk standard of what FINMA has set (800% from the current value of BTC), I think that it might be not appealing to the financial service providers as the risk involve is too damn high. Finacial institutions don't like risky assets and setting up a target value of 50,000$ is not really realistic. If you think that this is a good news for us think again, we might see some financial institutions backing out if FINMA confirms this price points. To make it clear, they are not predicting BTC to go up to 50,000$, they are just saying that 50k must be assumed by banks to cover up the market and credit risk involve with the asset.