Terra cofounder Do Kwon is the one who is pumping Bitcoin

[pooya87]

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

[JohnBitCo]

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

Yeah, bitcoin does not move in a straight line. In fact, no finical markets move in a straight line. When any coin moves in an upward direction, there are a lot of people who have bought that coin low and they tend to book profits and hence we see some correction. As long as the bullish structure of Higher High and Higher low is not broken, there is nothing to worry about regarding bitcoin price movements.

[tygeade]

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

Yeah, bitcoin does not move in a straight line. In fact, no finical markets move in a straight line. When any coin moves in an upward direction, there are a lot of people who have bought that coin low and they tend to book profits and hence we see some correction. As long as the bullish structure of Higher High and Higher low is not broken, there is nothing to worry about regarding bitcoin price movements.

Corrections needs to happen in order to cleanse the market, otherwise we will always have the doom of people who would be selling, but we wouldn't know when they will do that. With people actually providing some sort of situation that allows us to see who sold and got out, this allows us to know that we wouldn't have to be worried about people selling and getting out, it means they already did that and we could get in without worrying about those people.

If you get in while there is a threat of people selling then it's bad, but if you get in after they already sold then you could feel more at ease with your investment and anybody that gets in right now will be like that.

[bbc.reporter]

I am not certain why bitcoin is dumping

You sometimes say things that make no sense, specially since you aren't new.
3-4% fluctuations are not called "dumping" something bigger than $10% is. That means if price had fallen down to $39k-$40k then you could have called it "dumping" not when it goes from $44k to $46k then to $43k then back to $45k, rinse and repeat.

What makes no sense? The terminology for pump or dump has become nuanced in trading. The definition for the word pump is only the act of buying. This is also similar to dump which is the act of selling. The terms pump and dump were derived from the activites of scammers where they would make false promises on a penny stock or a scamcoin and pump the stock 10x then dump them. Presently I am only using the nuanced definition. However, suggest another word and we will use that.

[Renampun]

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.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

[Daltonik]

Against the background of the decline in the price of bitcoin, LFG continues to accumulate bitcoins, so on April 10, the company additionally acquired 4129 BTC in the amount of $176 million, so now there are about 39,898 BTC in the balance of the Luna-LFG wallet in the amount of approximately $1.624 billion. https://bitinfocharts.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q

Source: https://u.today/terra-buys-another-176-million-in-bitcoin

[Daltonik]

Terra on April 13 buys another 2,508 bitcoins for more than $100 million, thereby increasing the number of bitcoins to 42,406, which is almost $1.7 billion, Terraform Labs co-founder Do Kwon reports on Twitter, which is generally confirmed by an increase in BTC on the balance of the Luna-LFG wallet.

https://twitter.com/stablekwon/status/1514070136587964421

[bbc.reporter]

It appears that there is a new entry in the algorithmic stable coin market. Justin Sun and his USDD hehehe. According to their development team, USDD will also hold a reserve worth $10 billion similar to Terra's UST. However, it might not be 100% in bitcoin. They only mentioned $10 billion of highly liquid assets. I am quite certain bitcoin will be a big portion of this and it will certainly provide more buy pressure for bitcoin.



TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history, making finance accessible to all by applying mathematics and algorithms. As a result, it enjoys perpetual existence without relying on any centralized entities.

The roadmap of TRON-based USDD consists of four stages—1.0 Space, 2.0 ISS, 3.0 Moon, and 4.0 Mars—echoing both mankind’s and TRON's efforts in future space exploration. In 1.0 Space, the USDD management will be entrusted to the TRON DAO Reserve and other major blockchain institutions. The former will be tasked to provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry, use them as an early-stage reserve, keep the exchange rate of USDD stable, and enforce convertibility fully.

Source https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron

[Marvell1]

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.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

Yesterday had a news: A wallet is said to be Microstrgety's wallet that has sold more than 1500 BTC yesterday. Michael Saylor always said that he only bought and hold Bitcoin not selling, but behind him to sell his Bitcoin to Bitcoin dumping.
This is just a rumor circulating on social media and I still can't confirm if it's true.
Main address: 1p5zedwtktfgxqjzphgwpqupe554wkdfhq
Address of sub-management: 1fzwlkaahhoov3kztgyx6qsswxj6scxksr "

https://twitter.com/Coinsandtoken/status/1517045545889636355

[btc78]

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.

we can all have our own speculation but in the end it is the market that will decide ,  though Like you? i also have thinking in this interest because the pump of Bitcoin stays hard and did not even take 50k again .
How come that they are planning to add 10 billion dollars but looks like it is just a promises that will never happen.

[tokeweed]

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.

I also think the same as you...

when the bitcoin price dump, I suspect michael saylor sell his hold and has taken profit from bitcoin - then bought it back at a lower price, as well as do kwon, it is very clear that he uses the profits he gets from terra to buy bitcoins personally. I'm curious about what will happen to the future of terra tokens and terra stablecoins.

Yesterday had a news: A wallet is said to be Microstrgety's wallet that has sold more than 1500 BTC yesterday. Michael Saylor always said that he only bought and hold Bitcoin not selling, but behind him to sell his Bitcoin to Bitcoin dumping.
This is just a rumor circulating on social media and I still can't confirm if it's true.
Main address: 1p5zedwtktfgxqjzphgwpqupe554wkdfhq
Address of sub-management: 1fzwlkaahhoov3kztgyx6qsswxj6scxksr "

https://twitter.com/Coinsandtoken/status/1517045545889636355

Unconfirmed.  And who is that guy?  Just another clout chasing account who just wants some engagement to increase his follower count.

It appears that there is a new entry in the algorithmic stable coin market. Justin Sun and his USDD hehehe. According to their development team, USDD will also hold a reserve worth $10 billion similar to Terra's UST. However, it might not be 100% in bitcoin. They only mentioned $10 billion of highly liquid assets. I am quite certain bitcoin will be a big portion of this and it will certainly provide more buy pressure for bitcoin.



TRON DAO joined hands with major blockchain players to launch USDD (Decentralized USD), the most decentralized stablecoin in human history, making finance accessible to all by applying mathematics and algorithms. As a result, it enjoys perpetual existence without relying on any centralized entities.

The roadmap of TRON-based USDD consists of four stages—1.0 Space, 2.0 ISS, 3.0 Moon, and 4.0 Mars—echoing both mankind’s and TRON's efforts in future space exploration. In 1.0 Space, the USDD management will be entrusted to the TRON DAO Reserve and other major blockchain institutions. The former will be tasked to provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry, use them as an early-stage reserve, keep the exchange rate of USDD stable, and enforce convertibility fully.

Source https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron

So it looks like not even Do Kwon, Saylor and Elon Musk could save BTC from going red.  Let's see what Justin Sun can do.  I'll be rooting for him.    It would be so hilarious if he and his crew could start buying BTC back up to break 50k.  Lol.  And in case you guys didn't know Justin Sun and CZ are really buddies behind the scenes.  So don't believe everything you read in the paper folks.  Afaik the Chinese always support each other.

[STT]

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.

The market is bigger then any whales, at least they better hope this is true because they are in trouble if large buyers are the most important part of the price.   These buyers are speculators like many others, Im not that bullish on Saylor or anyone unless they put the BTC into usage.   The casinos are more of a positive then just a plain fund that buys and then does not actually use the BTC to transact, this isnt expanding the economy for crypto its just sitting on the sidelines hoping it pays off.   I would rather buy only when people hoping to do nothing yet profit have given up.

[OgNasty]

Where you at Do Kwon?  They were promoting the buys fast and furiously when the price was rising...  Now that his purchases are in the red it seems like there isn't a whole lot of praise Do Kwon going on... 

I originally heard he was planning to buy 10 billion dollars worth of BTC to back his coin.  Then I was hearing 3 billion, and now I'm hearing that it might be done at less than 2 billion?  Anyone have the latest facts or know where we can find this information straight from the horse's mouth?  It felt more like a pump and dump than him buying a ton of bitcoins on an ongoing basis.  Does anyone track his personal holdings?  Was he selling while his company was buying?  Feels like the way it was overpromoted and he underdelivered, something doesn't quite sit right.  Maybe he's just taking a break from his purchases so he doesn't buy the market up to $55K and lose half his investment in the following month.

[darewaller]

The market is bigger then any whales, at least they better hope this is true because they are in trouble if large buyers are the most important part of the price.   These buyers are speculators like many others, Im not that bullish on Saylor or anyone unless they put the BTC into usage.   The casinos are more of a positive then just a plain fund that buys and then does not actually use the BTC to transact, this isnt expanding the economy for crypto its just sitting on the sidelines hoping it pays off.   I would rather buy only when people hoping to do nothing yet profit have given up.

Market is certainly bigger than whales, but whales could manipulate the market with their money. Maybe tesla buying 1.5 billion dollars worth of bitcoin back in the day didn't change the price, but the "news" of them buying that much certainly did.

So, the point here is that the price may not be impacted by the whales, but the news of whales could impact the price. When you think about it like that, it's definitely a bit of a problem and I do not know what to think about these whales. I mean one day I love them because they take the prices high, one day I hate them because they bring it down, you can't just take one but not the other, so it's a difficult decision.

[Marvell1]

Unconfirmed.  And who is that guy?  Just another clout chasing account who just wants some engagement to increase his follower count.

Yes, I also just watch the news. The CEO of Microstrategy said rumors about the company silently selling Bitcoin are not right. He explained that as a company regulated by the Securities and Exchange Commission, changes in asset holdings or Bitcoin must be transparently disclosed to shareholders through the SEC. Saylor has repeatedly stated that he will not sell his Bitcoins and will continue to collect BTC in the future.

https://news.bitcoin.com/microstrategy-ceo-dispels-rumor-of-company-quietly-selling-bitcoin/

[romero121]

For some time period it is the Terra Co-founder. Further more and more speculative means gets added. For now nothing has been happening around to connect the market. Now the rumours of MicroStrategy selling bitcoin is termed the reason for the bear move. However this is a minor dip and it isn't bearish. Even at the price of $38500 bitcoin is predicted to stay bullish. For now the strict monetary policy have negatively impacted speculative assets. This includes cryptocurrencies, stocks and commodity futures.

[19Nov16]

Actually many influencers are active and pumping bitcoin, of course anyone is free to pumping or buy bitcoin because bitcoin is available on the market and free, and I'm sure there are still many silent whales that pumping bitcoin so that the market keeps moving positively to reach prices like today.

[DOH!]

Not most influencers are bitcoin-friendly, but part of them see the prospect for bitcoin as a potential transformation.  There are advocates of need, necessary support like Kwon, there are real value advocates like Saylor… there are also potential supporters of speculative profit like Elon… that is the potential for diversity that bitcoin demand brings.  Making money is one, but the real need in the future is the real belief that bitcoin can move forward.

[Dave1]

For some time period it is the Terra Co-founder. Further more and more speculative means gets added. For now nothing has been happening around to connect the market. Now the rumours of MicroStrategy selling bitcoin is termed the reason for the bear move. However this is a minor dip and it isn't bearish. Even at the price of $38500 bitcoin is predicted to stay bullish. For now the strict monetary policy have negatively impacted speculative assets. This includes cryptocurrencies, stocks and commodity futures.

I haven't heard that MicroStrategy is selling at this point, maybe this is just a rumor that causes the market to shrink again, to $38k.

Anyhow, there could be a lot of players in the market having their own agenda, like Do Kwon or Michael Saylor that can change the price because of their huge holdings.  And usually we are affected by this movement. But we have enough experience though to just go with the flow right now and hold, and there is no reason to sell in this bear market.

[Sir Legend]

I think the thing that makes him continue to buy bitcoin is because of the huge potential of bitcoin to be profitable, sometimes investors don't care whether what he buys is pumping or not, he just focuses on buying because he believes he will get a big profit after buying, if there is pumping of course this is another effect.