May 13th, Bitcoin will surge to $70k or it will be dump?

[Febo]

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it...

Many people are sharing like they are not ready to believe in this but I like to ask them when we individuals are planning for better future through bitcoins, then market giants with billions of money why not think about not missing an opportunity which is running for more than 10 years and giving out good ROI.

Believe or not, your friends and your colleague also might be involving with bitcoin in some other way but not disclosing to you for some reasons. This way big companies and celebrities will unveil their secret investments over the time if needed or will keep them hidden forever but we can assume by seeing stronger rallies with bitcoin markets.

You will not have to wait long to be sure if your assumption is right or wrong We are one day away from disclosure. Tomorrow we will see. I wonder how many people believe this is true and bought Bitcoin because of it and will dump when will realise it was a lie. If no one there will be no dump. If many there will be huge dump. Same with the opposite.

[kapalmabur]

I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

many large companies are adopting Bitcoin, but the dominance of bitcoin has dropped to 45%,
somehow? this is the same as 3 years ago when the dominance of Bitcoin fell to 30% altcoins experienced a high increase while Bitcoin was bearish for a long time,
then what about May 13? I see the Bitcoin price has corrected again.

[Slow death]

tomorrow Is May 13 it seems that we will not see the price reach $70k. But what I see is that the price is falling, nothing to worry about because the Support that is above $50,000 is a very strong Support and even if that Support broke there is still another strong Support that is at $47000, then it has $42000 that in my opinion is the strongest Support and that will make it impossible for the bitcoin price to fall below $40,000 someday, your price prediction was wrong. but you still have all day tomorrow

then what about May 13? I see the Bitcoin price has corrected again.

I doubt that the price will fall much, probably within the days it will be above $55000 again

[LUCKMCFLY]

It is already May 13, but there is a relevance, Tesla makes another announcement that I do not know what impact it may have on the market:


Tesla stops taking bitcoin for car purchases, citing 'great cost to the environment'

"We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," read the statement.

At first the news is shocking, and only the mere fact that Tesla is involved draws much more attention, both for BTC and Doge, but later they assure this:

"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy," the new statement reads. "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction."

Source: https://www.theblockcrypto.com/linked/104720/tesla-stops-taking-bitcoin-payments?utm_source=cryptopanic&utm_medium=rss

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

[onecall123]

^ yeah when I woke up this morning I have noticed Tesla announcement on Bitcoin,  stops taking bitcoin as payment for purchasing Tesla. This is why everything is tanking right now. The whole global market is down. Better marked safe you from panic selling, there always someone who get the advantages upon your activity.

Elon just added a little punch to the crypto, and this is not a new. I wanna buy more but I already run out my balance. I simply stop looking at it for next couple of hours and than it's back to normal lol

[bakasabo]

Elon just added a little punch to the crypto, and this is not a new.

Elon could knock out crypto if he withdraws his $1.5 billion from Bitcoin. Some actions must be done against this "boxer". He is too popular and too dangerous for the market. Right now he is a biggest manipulator, in future he would become a crypto dictator.

Dont expect Bitcoin price to grow up anytime soon. It is loosing its dominance. Summer is near. Alibaba investment is a fake. And we havent seen "bears" for a long time.

[slaman29]

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

[Jating]

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

Yeah, I think this is the reason why the market all of a sudden goes down.

So still as much as we hate Elon, he know became an influencer, in the beginning when we says that they have bought bitcoin and used it a hedge on their balance sheet, we all sing praises for him. But he is becoming worst by day. And then his statement? Damn, I don't know where he get his information because obviously, it is misconstrued.

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

[LUCKMCFLY]

Is it relevant news? will it cause some kind of favorable reaction?Tesla does not make these types of movements because he gets carried away by emotions, he is an analytical person and also has a group of financial advisors who know everything about the market very well, he must also have all the Crypto tools for good market analysis . These Tesla moves have a why and he is looking for something for his benefit.

Unfortunately it isn't even relevant news and yet it caused a bad reaction. Clearly Elon doesn't even know what he's talking about when he's talking about emissions and <1% of stuff. He should learn about PoW better first, and try and use ETC or something and see just how easy he can get 51% attacked. Too bad people won't realize what an idiot he is when he's trying to be funny.

Yeah, I think this is the reason why the market all of a sudden goes down.

So still as much as we hate Elon, he know became an influencer, in the beginning when we says that they have bought bitcoin and used it a hedge on their balance sheet, we all sing praises for him. But he is becoming worst by day. And then his statement? Damn, I don't know where he get his information because obviously, it is misconstrued.

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

Yes, it is incredible that in less than 1 hour the bitcoin has fallen by 10% completely, but not everything is bad, because Mark Cuban countered by saying that the Mavs do accept Bitcoin.

We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ

— Mark Cuban (@mcuban) May 12, 2021

Source: https://cointelegraph.com/news/mark-cuban-counters-elon-musk-says-mavs-will-continue-to-accept-bitcoin

It only remains to wait and see if the price of BTC recovers, I think it will be a slight drop, Elon Musk may be opening the way to build his next tweet for Doge, and cause a pump to win.

[philipma1957]

it slides along in same track for months on end.

46k to 64k up and down.

in april and may there have been 43 days and i think we closed over 50k either 39 or 40 of those 43 days.

Musk melon attacked BTC directly and we are still over 50k.

So buy cheap at 50k and hodl.

[tokeweed]

Wow...  I’m really pretty impressed with how janggernaut hit the date right on the button.  Lol.  And this whole Elon thing about his negative comments on BTC mining  stinks.  I’m not sure what’s the play here but I’m pretty sure it’s not about his overall concern on the environment.   Dunno...  It just stinks.

[Schnecke]

https://www.alibabagroup.com/en/news/press_pdf/p210513.pdf

Ctrl + F -> "Bitcoin" -> nothing.

[TheEconomists]

Hope you can now see that your prediction or speculation didn't come to fulfillment as we are about to enter 14th May 2021 and the price of Bitcoin is still bellow $52,000 as at the time of this post. We should not be too much optimistic about about our prediction because it mixed leading people to make a wrong investor decision.

[slaman29]

But probably his attack has some bad intention behind, to bring the market down so that he can enter and scoop cheap bitcoins, very clever Elon!!! So we are not going to $70k this day but ~$50k.

No I don't think Elon's an evil man so he has no bad intention. But he isn't a good man either. He just did this for pure profits, and for the feeling of knowing that his words have such a powerful effect on the entire crypto market.

He feels good about feeling powerful and about reminding others how powerful he is. That's not a bad intention, just selfish.

[acener]

BTC has been playing around $50K right now and I don't think that it would jump into $70K anytime soon.
We had experience a fall due to some negative news so I don't really think that we would be seeing it climb and make a new ATH again right now.
I think there would be a chance if Elon would tweet BTC and if it would have the same effect just like on Dogecoin.

[Kong Hey Pakboy]

It's already 15th of May and nothing happened, the price did dump though which sort of a prediction gone right. We don't know when will it happen but I am sure that bitcoin is going to go to that price point but we just have to hodl and wait for it to happen.

[rahmatrf331]

In my opinion, a bitcoin dump could happen on May 13, because the S&P index is about to collapse... If that happens, we will have a correction in all markets!

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it... We'll see!

Even though the news is true and think of what alibaba bought, it is not how much of the existing supply or it can be said that only a few percent were purchased. to be able to affect the movement of bitcoin is very slow.
but we can just assume, if the confidence of investors to buy in large quantities, there is likely a big breakthrough in the future, even though it is not a short time.

[freedomgo]

In my opinion, a bitcoin dump could happen on May 13, because the S&P index is about to collapse... If that happens, we will have a correction in all markets!

As for Alibaba, somehow I don't believe in this news... Although Tesla also bought bitcoins much earlier than others found out about it... We'll see!

Even though the news is true and think of what alibaba bought, it is not how much of the existing supply or it can be said that only a few percent were purchased. to be able to affect the movement of bitcoin is very slow.
but we can just assume, if the confidence of investors to buy in large quantities, there is likely a big breakthrough in the future, even though it is not a short time.

Alibaba could buy bitcoin now and later sold bitcoin, it's possible and it's not really something that we should hype out. Look, what did Elon did, first he announce that Tesla will be accepting bitcoin then later they made an announcement that Tesla will suspend accepting bitcoin, they are just playing us, using their influence to manipulate the market, be smart all the time.

[7788bitcoin]

I, too, wonder how people believe all sorts of rumors and assumptions... You could have put any name instead of Alibaba, like Microsoft or Facebook! Exactly, Zuckerberg named his goat Bitcoin, I guess Facebook will invest in bitcoin!

Although I'm sure that eventually all the big companies will have bitcoin and the price will be completely different!

What is the point of these big companies investing in Bitcoin, they will just create the hype and pump the market and they will dump just like how Tesla did. These sort of investment by big companies does not bring any good to the market, the only advantage is the sudden pump in a short period of time and there is nothing positive in the long run.

My idle situation would be, major companies accepting Bitcoin as a payment method and that gives me more satisfaction as a Bitcoiner rather than hearing about companies investing to pump and dump.

[janggernaut]

Well, didn't know it would be turned like this. When i created this thread, bitcoin was worth above $55,000 but now we are still struggling below $40,000. Idk of you guys have sold your coins or not, but i still Hodl until now. When May 13th, bitcoin also got dump huge dump because of TESLA stopped accept bitcoin as payment