Terra cofounder Do Kwon is the one who is pumping Bitcoin

[darkangel11]

So...  Where's the Do Kwon guy right now?  Is he afk?  There are talks swirling around that he got spooked when a guy in Binance started making huge asks in spot so he must have pulled out his bids.    Dunno, I'm not really sure how true tho.  It could prolly just be CZ telling Do Kwon 'FU lemme accumulate lower before sending it to 50k.'.  Lol.

That's stupid, would you listen if you were Kwon? Hey man, I want to buy some coin cheaper so stop buying for a bit and if the price rises due to my buys or someone else comes in with a big buy, tough luck for you, you will have to spend more to buy these bitcoins - you can afford it!. This is business, there's no love between people who both want the same thing. Either one of them loses some money or the other.

It's weekend, I don't expect big players to come on Saturday or Sunday to buy. Also, there was a decent drop on Wall Street indexes on Friday that scared some investors.

I'd rather expect Kwon to back away for a bit because there's so little coins on exchanges that his buys are pushing the price up too fast. If he keeps buying too fast he's going to end up buying too expensive.

[retreat]

This pump will run day after day as the Op described, which is $3 billion to start with. at one point this move will be the point at which BTC will rise above $50k this week. BTC is still holding $45k/$46k today if the close occurs at $46k there's a great chance that $50k will be reached.

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

[TheGreatPython]

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

We don't know maybe they only say this to create a hype to pump bitcoin and their own projects. For now, there is no date if when will they start their plan but we can see that btc price is ready to break 50k. It's not them that pumps btc but there are other factors on why btc is showing a performance like this.

It appears the cryptospace has found a bigger celebrity investor than Michael Saylor or Elon hehehe. His name is Do Kwon, the cofounder of Terra, who was also the cofounder of blockchain project Cosmos. According to other news articles, $3 billion is only the beginning. Terra will invest $10 billion in total in bitcoin to use as a reserve asset for Terra UST stablecoin.

They can invest bigger than Michael and Elon? I don't know if how much Elon Musk invested in btc before but musk is the second richest man in the world right? he has a lot of money to invest in btc. While Michael Saylor on the other hand was a long time investor in btc, I don't know if how much is the exact amount he have now but I think that is also huge. The most important thing is the two already proved it but the terra cofounders haven't yet.

[bbc.reporter]

@TheGreatPython. Tesla invested $1.5 billion in bitcoin, Microstrategy invested $3.8 billion in bitcoin and Terra will invest a total of $10 billion in bitcoin. According to some articles, Terra will finish this within 3 months. This might be the biggest investment by a private company in bitcoin. However, Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

[Vaskiy]

@TheGreatPython. Tesla invested $1.5 billion in bitcoin, Microstrategy invested $3.8 billion in bitcoin and Terra will invest a total of $10 billion in bitcoin. According to some articles, Terra will finish this within 3 months. This might be the biggest investment by a private company in bitcoin. However, Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Year on year huge companies keeps topping up their treasuries with bitcoin. MicroStrategy leads the race and Tesla stands next to it. When it comes to Terra, it had planned for a short term goal of $3 billion investment and long term goal of $10. So, we can expect the addition of bitcoin to reach the $3 billion goal within this year. In terms of Bitcoin MicroStrategy holds 125051BTC, Tesla holds 43200BTC and Terra holds 30727BTC. These are according to the disclosed data, and we don't know how many Whales and other huge companies holding higher than this.

[rodskee]

is this really the effect of their Act? but it seems to be stagnant the value again? i thought they will be entering 10 billion dollars but it looks like there are no follow up from the first investments?  but let it be after a week of this action yet there are no continues effect in the bitcoin price though this shows the support at 45k .

@TheGreatPython. Tesla invested $1.5 billion in bitcoin, Microstrategy invested $3.8 billion in bitcoin and Terra will invest a total of $10 billion in bitcoin. According to some articles, Terra will finish this within 3 months. This might be the biggest investment by a private company in bitcoin. However, Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

How long will this to make it in the market mate?  hope at least this 2nd quarter?

[tokeweed]

So...  Where's the Do Kwon guy right now?  Is he afk?  There are talks swirling around that he got spooked when a guy in Binance started making huge asks in spot so he must have pulled out his bids.    Dunno, I'm not really sure how true tho.  It could prolly just be CZ telling Do Kwon 'FU lemme accumulate lower before sending it to 50k.'.  Lol.

That's stupid, would you listen if you were Kwon? Hey man, I want to buy some coin cheaper so stop buying for a bit and if the price rises due to my buys or someone else comes in with a big buy, tough luck for you, you will have to spend more to buy these bitcoins - you can afford it!. This is business, there's no love between people who both want the same thing. Either one of them loses some money or the other.

It's weekend, I don't expect big players to come on Saturday or Sunday to buy. Also, there was a decent drop on Wall Street indexes on Friday that scared some investors.

I'd rather expect Kwon to back away for a bit because there's so little coins on exchanges that his buys are pushing the price up too fast. If he keeps buying too fast he's going to end up buying too expensive.

What do you mean stupid?  Lmao.  Would anybody really keep buying BTC up knowing that the owner of the exchange and his MM's are spoofing sell walls to spook the whole market out?  Just look at the market rn.  A few bad news here and there and a little spoofing, where is the Do Kwon guy?  Don't make the mistake in thinking that he'll keep buying BTC if sh*t hits the fan.  I mean who would want to hold a losing position as a 'reserve'?  That's just dumb.

[ultrloa]

So...  Where's the Do Kwon guy right now?  Is he afk?  There are talks swirling around that he got spooked when a guy in Binance started making huge asks in spot so he must have pulled out his bids.    Dunno, I'm not really sure how true tho.  It could prolly just be CZ telling Do Kwon 'FU lemme accumulate lower before sending it to 50k.'.  Lol.

That's stupid, would you listen if you were Kwon? Hey man, I want to buy some coin cheaper so stop buying for a bit and if the price rises due to my buys or someone else comes in with a big buy, tough luck for you, you will have to spend more to buy these bitcoins - you can afford it!. This is business, there's no love between people who both want the same thing. Either one of them loses some money or the other.

It's weekend, I don't expect big players to come on Saturday or Sunday to buy. Also, there was a decent drop on Wall Street indexes on Friday that scared some investors.

I'd rather expect Kwon to back away for a bit because there's so little coins on exchanges that his buys are pushing the price up too fast. If he keeps buying too fast he's going to end up buying too expensive.

What do you mean stupid?  Lmao.  Would anybody really keep buying BTC up knowing that the owner of the exchange and his MM's are spoofing sell walls to spook the whole market out?  Just look at the market rn.  A few bad news here and there and a little spoofing, where is the Do Kwon guy?  Don't make the mistake in thinking that he'll keep buying BTC if sh*t hits the fan.  I mean who would want to hold a losing position as a 'reserve'?  That's just dumb.

Exactly and that action made just to hype up his followers, guess what happen now some people really believe his statement release then think about he will do more to support bitcoin to pump it more and that is totally crazy thought's since no people in right mind will continue to buy and don't care if they lose due to its volatility. Maybe he just do it so that his position will be hit and I guess he is happy now counting the profits he made for those hyping techniques he made.

[virasog]

This pump will run day after day as the Op described, which is $3 billion to start with. at one point this move will be the point at which BTC will rise above $50k this week. BTC is still holding $45k/$46k today if the close occurs at $46k there's a great chance that $50k will be reached.

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

Luna Foundation Guard (LFG)  is no doubt buying bitcoin continuously but this does not mean that they are the only ones pumping the price. Their buying orders are giving a big support in the market and retailers & other investors are also buying bitcoin. Bitcoin needs to cross the psychological resistance of 50,000$ and then we may see a big strong bullish momentum towards the all time high. Do Kwon decision of buying bitcoin in order to back up the UST has suddenly shifted the market back on the bull phase and we avoided the bear market for the time being.

[Kemarit]

This pump will run day after day as the Op described, which is $3 billion to start with. at one point this move will be the point at which BTC will rise above $50k this week. BTC is still holding $45k/$46k today if the close occurs at $46k there's a great chance that $50k will be reached.

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

Luna Foundation Guard (LFG)  is no doubt buying bitcoin continuously but this does not mean that they are the only ones pumping the price. Their buying orders are giving a big support in the market and retailers & other investors are also buying bitcoin. Bitcoin needs to cross the psychological resistance of 50,000$ and then we may see a big strong bullish momentum towards the all time high. Do Kwon decision of buying bitcoin in order to back up the UST has suddenly shifted the market back on the bull phase and we avoided the bear market for the time being.

True, but we can't discount the fact that when they released this in public, the price seems to pump, from lower $30,000 to almost $50,000 right now. I will not call this a bull run though, we haven't break the big psychological barrier of $50,000. Maybe if it will be broken and then the run continues, perhaps the bulls is back. But be very cautious as well as there could be some entities riding this and trying to manipulate it from behind.

[kotajikikox]

The Luna Foundation Guard (LFG) has raised $2.2 billion for its bitcoin reserve and hopes to hit $3 billion in the short term, with a longer-term goal of $10 billion, Terraform Labs CEO Do Kwon said in a series of tweets on Tuesday.

While I am trying to be thankful of How this Terra Founder invests Billions of dollars inside Bitcoin yet i am still waiting for the other billions to be put on so we can see another pump and not just what they did recently as the increase in Bitcoin market stays the same and even getting lower day by day again.
But yeah thanks for the team as they  trust Bitcoin than other currency in which they can collaborate for their own projects progress and development .

[perfect999]

Would anybody really keep buying BTC up knowing that the owner of the exchange and his MM's are spoofing sell walls to spook the whole market out?  Just look at the market rn.  A few bad news here and there and a little spoofing, where is the Do Kwon guy?  Don't make the mistake in thinking that he'll keep buying BTC if sh*t hits the fan.  I mean who would want to hold a losing position as a 'reserve'?  That's just dumb.

No, the meaning basically is if there is a guy who is buying bitcoin constantly, then it means we should be seeing him buying constantly, if he doesn't then he is not the reason. Bitcoin doesn't go up just once, it is not like some low cap gem where one whale could change the price.

Of course, there will be some big purchases, Elon did and it did impacted the price but that was it, that was then and it was over. I do not know who this guy is, but he can't make it go down or go up for too long, he can do that for maybe one day, but whatever happens after that is how people react to it and what people think bitcoin will do. So, even if he did something, this doesn't continue to this day.

[NeuroticFish]

While I am trying to be thankful of How this Terra Founder invests Billions of dollars inside Bitcoin yet i am still waiting for the other billions to be put on so we can see another pump

A smart investor will buy only in a way he doesn't affect the price too much, hence I would not hold my breath for a new pump (I don't say it won't happen, but it actually may or may not happen).
Even more an evil investor may fake a dump to trigger all the shorts outta there, then buy back cheaper.

So.. beware, the markets don't actually work like in your (our?) wishful thinking.

[Reatim]

This pump will run day after day as the Op described, which is $3 billion to start with. at one point this move will be the point at which BTC will rise above $50k this week. BTC is still holding $45k/$46k today if the close occurs at $46k there's a great chance that $50k will be reached.

This news is currently being discussed, especially on twitter. I'm sure they will be very serious about continuing to buy Bitcoin until their target is achieved. all of our hopes for bitcoin to break through the $50k price will surely come true soon.

Yeah they may continue but they may not right? so best that this is not our main objective in this thread instead we must use this to invest more than to expect more , remember that Bitcoin is the safest currency meaning we need to look at the opportunity and not just for what is in our Plate today, remember that tomorrow and the next day is what we must look unto this.
but what Terra team doing now is good for the whole community and not just in bitcoin but also in the all area of crypto market.

[tokeweed]

So...  Where's the Do Kwon guy right now?  Is he afk?  There are talks swirling around that he got spooked when a guy in Binance started making huge asks in spot so he must have pulled out his bids.    Dunno, I'm not really sure how true tho.  It could prolly just be CZ telling Do Kwon 'FU lemme accumulate lower before sending it to 50k.'.  Lol.

That's stupid, would you listen if you were Kwon? Hey man, I want to buy some coin cheaper so stop buying for a bit and if the price rises due to my buys or someone else comes in with a big buy, tough luck for you, you will have to spend more to buy these bitcoins - you can afford it!. This is business, there's no love between people who both want the same thing. Either one of them loses some money or the other.

It's weekend, I don't expect big players to come on Saturday or Sunday to buy. Also, there was a decent drop on Wall Street indexes on Friday that scared some investors.

I'd rather expect Kwon to back away for a bit because there's so little coins on exchanges that his buys are pushing the price up too fast. If he keeps buying too fast he's going to end up buying too expensive.

What do you mean stupid?  Lmao.  Would anybody really keep buying BTC up knowing that the owner of the exchange and his MM's are spoofing sell walls to spook the whole market out?  Just look at the market rn.  A few bad news here and there and a little spoofing, where is the Do Kwon guy?  Don't make the mistake in thinking that he'll keep buying BTC if sh*t hits the fan.  I mean who would want to hold a losing position as a 'reserve'?  That's just dumb.

Exactly and that action made just to hype up his followers, guess what happen now some people really believe his statement release then think about he will do more to support bitcoin to pump it more and that is totally crazy thought's since no people in right mind will continue to buy and don't care if they lose due to its volatility. Maybe he just do it so that his position will be hit and I guess he is happy now counting the profits he made for those hyping techniques he made.

Hype is fine.  I have no problems with somebody trying to spread some sort of awareness behind his moves.  But to think that there isn't a bigger whale who could spoil Do Kwon's plans would be a mistake.  I mean check the market right now...  Wouldn't it be better to wait and let the price drop than to buy now knowing that it could put you in the red?  And what if we're really going to a full on bear market?  I doubt he could buy everything up to a new all time high.  He couldn't do alone.

But yeah, BTC should close above 44.5k today or so or we be stuck in the previous range again.

[coolcoinz]

It looks like the S&P took us down along with it. As for the Do Kwon the savior, I don't expect him to go in too fast. For a person who is buing 1 billion USD worth of Bitcoin, 100 USD up or down makes a hell of a difference. Right now some people are trying hard to push the price down and you could see that by the dumps every time the price went near the 47k range, which means someone is unloading a lot of coins at that level. Of course it doesn't mean Kwon's statement was a fake, he is in fact buying and I'm pretty sure he will continue, but that doesn't mean ha has to do it this week, or next week. All we know he could keep waiting for someone to dump it back to 40k and then buy again.

There's so little coins on exchanges these days that a 100 million USD buy can takes us up 10% and completely nullify the last 2 days of price decline. Imagine that 100 million is what some stock investors are spending in a day and this means +5% for Bitcoin. This shows how small and prone to manipulation this market is, so keep ignoring anything up to 10% because this could be just a few people trying to play you.

[STT]

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me.    Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar.   Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless.   Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal. 
  I much prefer BTC population as a reason to buy and increasing utility etc.

[TravelMug]

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me.    Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar.   Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless.   Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal. 
  I much prefer BTC population as a reason to buy and increasing utility etc.

Of course, what we wanted is more retail investors instead of these whales trying to manipulate the market again. The problem is that retail investors might not reluctant or doesn't have the money to invest right now. So it's more likely that the whales and institutions are the one pumping the market like what Terra has announced and they will do it in the next 2-3 months. Just a question on how the retail investors are going to react with this news, it's either they want to ride with it or not and where to get the money to invest with all the bad happenings still on the air, (war, covid-19 etc..)

[Fundamentals Of]

Saylor has also been increasing his investment. He has been borrowing dollars against his bitcoin to by more bitcoin.

Thats not bullish to me, its speculation not actual usage which is really what would encourage me.    Problem is with having too many leveraged people like that, its true across the whole of the economy that people have got used to easy money and constant leverage of a weakening dollar.   Thats an artificial effect put forth by central banks, I'd rather bet on something real then hope the monetary easing can continue endless.   Maybe it will, Japan has never ended QE never could because they have a population thats falling its likely they cannot bear the withdrawal and reversal. 
  I much prefer BTC population as a reason to buy and increasing utility etc.

I also prefer that the Bitcoin community will find more reason to spend their Bitcoin as a real money than just keep it untouched for a long time. I prefer utility more than hodling, but we are not limited to either of the two. The two may not really be mutually exclusive. It's just that at this point in time when there are less actual businesses that accept Bitcoin, the high demand is basically supported by the fact that the price is increasing over time. But as soon as Bitcoin becomes more acceptable as money, the rate of spending might also increase.

[bbc.reporter]

I am beginning to doubt this Do Kwon announcement. I am not certain why bitcoin is dumping, however, I speculate that Do Kwon is using Terra to buy his own personal bitcoin holdings that he might have bought during the bear market. I also speculate that Michael Saylor might be doing this also. I cannot prove this, however. I only speculate and scratch my head hehehe.