Ran Neuner: I expect a big jump in Bitcoin
The general expectation in the cryptocurrency markets was on the rise with the effect of the upcoming Blockchain week in New York.. However, two consecutive events since yesterday had a negative impact on the markets.. The first of these is Mt.. Gox wallets, 8,200 BTC were transferred to stock exchanges to be sold, and the second was South Korea’s largest crypto exchange Upbit, which was subject to a fraud investigation. With these two news, it fell to the level of $ 8500.
One of the early investors of Bitcoin, who made the Crypto Trader program in CNBC Africa, Ran Neuner said that he expected a big leap from Bitcoin at this point.. Neuner thinks that the sales made through Upbit will return to the market as buying again in a short time.
Sharing her views on the subject on her personal Twitter account, Neuner said, “I contacted the source.. Upbit was visited by the authorities this morning and the records were seized. No suspicious activity found. Investigation continues. This should not push the market up or down 15 percent. I’m buying. This sale is due to folks at Upbit who are concerned about their funds.. These people are crypto investors and they won’t quit crypto. They will go to other exchanges and rebuy. I expect a big leap forward.”
Some users tweeted, “Then why don’t they transfer directly to another exchange instead of selling?” asked questions in the form of. A user answered this question, “Imagine you have 10 coins on the stock market.. Will you combine everything in Bitcoin or transfer separately?” While answering, another user said, “Only certain coins can be withdrawn in Upbit.”
Korea: This selling is coming from people taking their funds out of Upbit as they are concerned. These people are crypto investors and won’t leave crypto- they will go to other exchanges and buy there… expect a huge bounce.
— Ran NeuNer (@cryptomanran) 11 May 2018
blockquote>