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?

[1715488316]

1715488316

[1715488316]

1715488316

[1715488316]

1715488316

[1715488316]

1715488316

[1715488316]

1715488316

[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.

[Slow death]

SEC would be pressured to approve ETF if the price are going to rise like hell.

The SEC are hard bones to crack, they do not give any sign that they can approve an ETF, my only hope would be that at least the VanEck ETF has some chance of being approved, other ETFs have no chance of being approved

They just indicated that BTC is a highly volatile currency and they had estimated a risk coverage at 800% which is around 50,000$.

well, we have to look at their side, bitcoin has increased from $ 1000 to $ 20,000 in a short time and then fell to $ 6000 in a short time, so it's a very risky investment and banks need to take precautions

[Harlot]

They just indicated that BTC is a highly volatile currency and they had estimated a risk coverage at 800% which is around 50,000$.

well, we have to look at their side, bitcoin has increased from $ 1000 to $ 20,000 in a short time and then fell to $ 6000 in a short time, so it's a very risky investment and banks need to take precautions

Yes they need to make precautions as they won't be entering in the cryptocurrency market knowing that the asset they are holding could fall anytime. What I am not seeing here is why OP thinks that the investment will go up to 50,000$ if FINMA just increase the credit risk to 800%. OP must be thinking that BTC will grow to 800% and he misunderstood what credit risk is and think of it as a expected gain of BTC in the future which isn't

[Zadicar]

any comments on this been a manipulative strategy?

Manipulative - Hyping out coins which they do already baghold.
Non-Manipulative/ Full speculation- There might be an adoption or news but we all know that not all news will give a significant reaction on the market.

The important thing on this is we do know how to utilize these news either we decide to go in or wont really make movement at all.

[Bustart]

They just indicated that BTC is a highly volatile currency and they had estimated a risk coverage at 800% which is around 50,000$.

well, we have to look at their side, bitcoin has increased from $ 1000 to $ 20,000 in a short time and then fell to $ 6000 in a short time, so it's a very risky investment and banks need to take precautions

Yes they need to make precautions as they won't be entering in the cryptocurrency market knowing that the asset they are holding could fall anytime. What I am not seeing here is why OP thinks that the investment will go up to 50,000$ if FINMA just increase the credit risk to 800%. OP must be thinking that BTC will grow to 800% and he misunderstood what credit risk is and think of it as a expected gain of BTC in the future which isn't

If that positive news could affect positive towards market growth, I think it depends on how every holders would decide in the long run. The future always unexpected, and we can't predict what may happen. When there's manipulations, we can't control that because we're just holders.

[pooya87]

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?

market cap doesn't mean much when it comes to cryptocurrencies and it should never be a number that you look at and decide whether something is possible or not. speaking of possibilities in 2017 price went from $900 to $20,000 which means market cap went from
16,115,000  * $900 = $ 14,503,500,000
to
16,772,000 * $20,000 = $ 335,440,000,000
which is $320 billion increase in only 1 year!

this kind of rise doesn't need manipulation. it only needs adoption and that is happening in any case. and the rises become bigger as there would be even more people investing in bitcoin as the popularity grows.

[stelee68]

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?

market cap doesn't mean much when it comes to cryptocurrencies and it should never be a number that you look at and decide whether something is possible or not. speaking of possibilities in 2017 price went from $900 to $20,000 which means market cap went from
16,115,000  * $900 = $ 14,503,500,000
to
16,772,000 * $20,000 = $ 335,440,000,000
which is $320 billion increase in only 1 year!

this kind of rise doesn't need manipulation. it only needs adoption and that is happening in any case. and the rises become bigger as there would be even more people investing in bitcoin as the popularity grows.

Thats so true in many levels.

I personally don't look at mkt cap as well.

When you see a bull-run, you will know it  is a bull RUN!

[el kaka22]

Manipulative - Hyping out coins which they do already baghold.
Non-Manipulative/ Full speculation- There might be an adoption or news but we all know that not all news will give a significant reaction on the market.

Which is one of the reasons why I stopped using fundamental analysis angle to approach the market, and would rather make use of price action ? What you have said is the truth, news or no news, they really do not affect the market that much as the market will do whatever it wants to do, and people basically just like attaching news to everything, and in the case that news is really nothing to be so keen about since they really do not matter much unless it is some big news that can bring about mass adoption, then it is not useful. What I can do is to look at the chart, and know exactly what I am looking for in the candles.

If that positive news could affect positive towards market growth, I think it depends on how every holders would decide in the long run.

Most holders really do not always care about news and all they believe in over the years till now is that the market will keep growing as more people keep coming in and the technology is something they can at least believe in forever and which would keep making bitcoin useful both as a payment method and as an asset in the long run. Bull run sometimes to me is just a distraction in which some greedy people have decided to cloud their judgment with. There is more to the market than just bull runs all the time.

[audaciousbeing]

No master the news, the real determinant about whether it would lead a bull run or just does not have any effect is on the basis of the reaction the community has for it which based on the time it launched and now, I don't see anyone taking it serious

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/

This prediction is surely out of reality because even though people are optimistic is seeing a turn around in price, I don't see this happening at all and it would be a huge believe to have this before the year end.

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?

Maybe when this eventually happens, because one unique thing that push the price of ETH to that high point aside the overall boom in the market was the tokens which has now dwindled because of the general perception of ICOs.

[BitHodler]

Maybe when this eventually happens, because one unique thing that push the price of ETH to that high point aside the overall boom in the market was the tokens which has now dwindled because of the general perception of ICOs.

As long as Bitcoin keeps going up, the rest of the market follows naturally, and then we also have the occasional altcoin booms to function as stimulating factor. This is the time for Ethereum to focus on different uses.

Even with ICOs still being a thing, there is so much competition in the utility platform side of the industry, that Ethereum won't be the center of the market anymore like it was last year when its price literally exploded.

This is also the time for other platforms to show what they are made of, and how much better than Ethereum they are, because as soon as Ethereum finally scales way past its current capabilities, the rest won't stand a chance anymore.

[Ewinsane]

I highly doubt ethereum will have staking anytime soon, there are too many things they need to consider to build something like that, any ICO that gets funded with ETH will have a chance to stake and make profit with customers money without selling any ETH at least will think about twice before selling ETH and that will effect the price well however people who have ETH would have to send their already staking ETH to some ICO and lose the interest there which would make ICO's a second option and as ICO King eth has to decide which one they want to support the founders of the ICO's or the investors of ICO's. Considering all of this is a community hype thing I would suggest supporting the investors instead of supporting founders. Which means staking would have to benefit the small investor over big ones somehow.

[cabron]

SEC would be pressured to approve ETF if the price are going to rise like hell.

The SEC are hard bones to crack, they do not give any sign that they can approve an ETF, my only hope would be that at least the VanEck ETF has some chance of being approved, other ETFs have no chance of being approved

They just indicated that BTC is a highly volatile currency and they had estimated a risk coverage at 800% which is around 50,000$.

well, we have to look at their side, bitcoin has increased from $ 1000 to $ 20,000 in a short time and then fell to $ 6000 in a short time, so it's a very risky investment and banks need to take precautions

That is also true. They have rejected the proposal many times so it seem a sign to give up about it after all BTC and all other crypto rise up even without this ETF.
But if they can manipulate the price these days especially the guys who published those articles, the could be holding a lot of BTC and ETh by now else they wouldn't be publishing these articles.

[timotron]

I highly doubt ethereum will have staking anytime soon, there are too many things they need to consider to build something like that, any ICO that gets funded with ETH will have a chance to stake and make profit with customers money without selling any ETH at least will think about twice before selling ETH and that will effect the price well however people who have ETH would have to send their already staking ETH to some ICO and lose the interest there which would make ICO's a second option and as ICO King eth has to decide which one they want to support the founders of the ICO's or the investors of ICO's. Considering all of this is a community hype thing I would suggest supporting the investors instead of supporting founders. Which means staking would have to benefit the small investor over big ones somehow.

interesting comment. Never took this viewpoint before, its curious, and a bit brain hurting 
In any case,u can use you gained ETH to invest without lossing your staking right?

[LeGaulois]

Why a prediction should suddenly be considered as manipulation tool? We read tons of them daily, from all kind of sources/people. Why bother with it. People can make any prediction but then? On the date, you won't see them anymore. It's not like it's a kind of calendar, Bitcoin doesn't listen to predictions market.