Is this a new BIG BTC buy signal???

[ethereumhunter]

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.

[martina14]

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.

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.

[tytanhamon04]

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 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.

[MFahad]

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/

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.

[marjil]

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.

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.

[Cryptoprimes]

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.

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? Who will bear the responsibility for this? I guess no one could take that high risk, even mister Putin. 

[Bitmore1]

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.

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? 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.

[Sumo]

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.

[Patron92]

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.

[Dondisimo]

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.

[trashman43]

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!

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.

[Xenon143]

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 ...

[seoincorporation]

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. 

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?

[bdbabiak77]

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"

[arpon11]

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/

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.

[STT]

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!

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

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

[piebeyb]

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

[gabmen]

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.

well, we might be able to see the effect of the truth if this is true. well, however, now we only need to wait for good news in crypto, but until now there has been no news that is able to lift the price of bitcoin. if I want to buy bitcoin I think this is the moment.

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.

[coinplus]

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.

[thecodebear]

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.