Future occurrencies that can increase bitcoin price.

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Quote from: GeorgeJohn on May 05, 2024, 06:53:26 PM

massive adoption will increase the price of bitcoin, it obvious that when the demands is higher than the supply the price of bitcoin get increased whereas when the price of bitcoin the supply is higher than demands, the price always decreases in value.

Obviously mass adoption will lead to more people fighting for buying bitcoin despite its limited supply as a lot of people are holding and refusing to sell to others. If you already own some bitcoin then a mass adoption will definitely benefit you. If you are one of the latecomers then prepare to buy bitcoin at such a high price.

However for those who use bitcoin for different kinds of transactions, it might be possible that the network would be too congested and thus increasing even the transaction fees.

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Quote from: kentrolla on April 29, 2024, 03:48:51 PM

Mass adoption will indeed increase the price of Bitcoin massively but I don't think it's possible or the idea of bitcoin being the world digital currency is also not feasible, let's be more realistic if Bitcoin has to be adopted as global digital currency then it has to be accepted by all the nations but we have more nations hostile towards crypto than the crypto friendly ones hence I don't think it would work out anytime sooner.

actually I will agree with you that massive adoption will increase the price of bitcoin, it obvious that when the demands is higher than the supply the price of bitcoin get increased whereas when the price of bitcoin the supply is higher than demands, the price always decreases in value.

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Quote from: mindrust on April 29, 2024, 09:35:06 AM

Nothing needs to happen really. Since bitcoin has limited supply and central banks will always print more FIAT, its price will increase in the long run no matter what happens.

If nothing happens and the adoption stays as it is or becomes stagnant and the incoming supply of Bitcoin from mining keeps on coming in then by the essence of the law of supply and demand then whether the price of Bitcoin will increase or not is dependent on how fast the inflation if fiat is. If the global fiat inflation is kept at low level then it is possible that the price of Bitcoin will not increase due to lack of demand in the situation I stated. Adoption is highly needed for Bitcoin price to move upward.

Quote from: mindrust on April 29, 2024, 09:35:06 AM

If you think a world war would drive crypto prices higher, I wouldn't be so sure. Probably the opposite will happen because crypto is a risk-on asset even though it is a better asset than FIAT. The biggest risk is the governments. If they decide to ban crypto, the price will tank to the oblivion. They are already in war with privacy and they are winning sadly. If they fight crypto, it doesn't look like they'll lose.

I also think that if world war happen, there will be less demand for Bitcoin because people will prioritize their survival and will focus on their basic needs.

Quote from: doomloop on May 05, 2024, 03:48:59 PM

Quote from: eightdots on April 29, 2024, 03:06:25 PM

One of the biggest contributions to the Bitcoin price may be governments accepting Bitcoin legally. The lifting of these bans by countries where Bitcoin trade is prohibited may also have a positive impact on the Bitcoin price. In fact, we can list many similar reasons, but even if these do not happen, Bitcoin will continue on its way.

Bitcoin, which has a limited supply, has always increased its price in certain cycles and will continue to do so. There may be many reasons for the price increase, but the main reason is Bitcoin itself.

Not just ' may be ' but that is ' sure ' because how can one invest on it if it's not yet legal on their country? And we know that an asset can only have a value if there is a demand for it. The lifting of BTC bans are also a sure thing that can help the price of BTC to rise. There are still other factors that can affect the price of BTC and listing them may not be necessary anymore because there are plenty of them. Not all times BTC's value is rising and not all times there is a reason for that but it's only normal because of the cycle that you mentioned there. It may look like the BTC's progress were limited but it's also an opportunity for the user.

The government accepting Bitcoin is a go signal for the people to jump into the market of Bitcoin. The acceptance will remove the doubt of people of Bitcoin being a scam. Aside from that businessmen and entrepreneurs will have the freedom to engage in Bitcoin in integrating them to their system without the worries of legal issues. So with the government acceptance Bitcoin is open for the masses to grab.

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Quote from: eightdots on April 29, 2024, 03:06:25 PM

One of the biggest contributions to the Bitcoin price may be governments accepting Bitcoin legally. The lifting of these bans by countries where Bitcoin trade is prohibited may also have a positive impact on the Bitcoin price. In fact, we can list many similar reasons, but even if these do not happen, Bitcoin will continue on its way.

Bitcoin, which has a limited supply, has always increased its price in certain cycles and will continue to do so. There may be many reasons for the price increase, but the main reason is Bitcoin itself.

Not just ' may be ' but that is ' sure ' because how can one invest on it if it's not yet legal on their country? And we know that an asset can only have a value if there is a demand for it. The lifting of BTC bans are also a sure thing that can help the price of BTC to rise. There are still other factors that can affect the price of BTC and listing them may not be necessary anymore because there are plenty of them. Not all times BTC's value is rising and not all times there is a reason for that but it's only normal because of the cycle that you mentioned there. It may look like the BTC's progress were limited but it's also an opportunity for the user.

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National economies go up and down, and money tied to them follows suit. But there's a reason we're talking about bitcoin' prices exploding. We're not just looking at a cool new investment, but a potential revolution

Imagine the day big businesses, even whole countries, use Bitcoin all the time. Not just buying it, but using it for real, everyday stuff. That's seismic, man. Then picture tech making Bitcoin so smooth you send it like a WhatsApp message? The whole world changes. See, the beauty of Bitcoin isn't just a higher price. It's decentralized, so those bad economic times in your country? Bitcoin doesn't care. It's a lifeline, a way to store value outside the old system;maybe the start of a global currency that just works everywhere, without playing by the same rules

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

It's too plain and common to say that we need massive adoption for Bitcoin's price to increase. Yes, we all knew about that but it's all there and we have to recognize what are those factors, the main one for this bull run to come is about the halving. So, that's the first one and the next one are the Bitcoin spot etfs that will drive more demand to it and they're also happening. There might be need for some positive news that will report the massive buying of many but at this time, we have to wait. It's said that next month, we migth see some actions while being stagnant currently with the prices.

I believe the occurrences that OP meant are know as volatilities. These volatilities become responsible for affecting the price of BTC when the market demand and supply chain gets affected, so that, it is called a dip or pump in the market prices. Varying events like the halving, whale movements, new initiatives like the spot ETF and new investor demands, also do much to cause the price of Bitcoin to either increase, decrease or be stagnant for a while.

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It would be best if Bitcoin's adoption is according to its feature as a digital currency. Unfortunately, it doesn't seem so. As far as my own observation is concerned, the rate of adoption of Bitcoin as a currency is slow, much slower compared to its adoption rate as a mere asset class. There are definitely a lot more Bitcoin speculators or Bitcoin investors than those who treat Bitcoin as a currency.

However, Bitcoin's price increase could be fueled by either. Right now, Bitcoin's price increase-- even the ATH-- was primarily fueled by the rise of Bitcoin's adoption as a rising digital asset rather than as money.

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The only one basic dynamic needed is the general increase in population and also usage. If people have the wallet at least some balance is in those wallets and so the general hold of BTC will increase the price. People speculate on the big events but I think the smallest things matter more and will last longer. The natural growth is less likely to reverse then special measures or speculative gains in the price, its what I bet on more then the cycles we see in the BTC price.

BTC will be increasingly used in a digital world, just the rise of mobile usage has done alot I think since many people have no computer. Its a mis step even Intel underestimated that somehow the humble mobile could be a greater force then the pc chip it had relied on for generations.

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Quote from: mindrust on April 29, 2024, 09:35:06 AM

Nothing needs to happen really. Since bitcoin has limited supply and central banks will always print more FIAT, its price will increase in the long run no matter what happens. If you think a world war would drive crypto prices higher, I wouldn't be so sure. Probably the opposite will happen because crypto is a risk-on asset even though it is a better asset than FIAT. The biggest risk is the governments. If they decide to ban crypto, the price will tank to the oblivion. They are already in war with privacy and they are winning sadly. If they fight crypto, it doesn't look like they'll lose.

I believe that positive occurrences will certainly attract positive outcome. However, knowing the fact that even without this, bitcoin will still be moving forward even if it means a slight progress. And bitcoin price will still be following an upward position simply because bitcoin itself has a limited supply. And the more it gets a high demand due to limited supply, the higher the chances bitcoin price will end up with an excellent and exceptional price.

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Quote from: Cryptomultiplier on April 30, 2024, 02:03:45 PM

Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

One of the main reasons why the price of Bitcoin can be increased in the future is due to new initiatives being launched. We talked about the spot ETF that was launched before the halving event and we see how the hype around it made BTC price get to an ATH of $73k.

When new initiatives emerge, new whale investors come on board and new demands more than before comes, we would see the price of Bitcoin increase significantly.

Yes, that's true, but you have to pay attention to current events such as the ongoing economic crisis, inflation, war and various other events which caused the price of bitcoin to return to $60K which made some people panic to sell it.
The halving process is still ongoing, we just have to see what investor response is like because regarding the ups and downs of Bitcoin, it can be seen from the strength of supply and demand, the more demand for Bitcoin prices, the better. it will make the price of Bitcoin higher.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

One of the main reasons why the price of Bitcoin can be increased in the future is due to new initiatives being launched. We talked about the spot ETF that was launched before the halving event and we see how the hype around it made BTC price get to an ATH of $73k.

When new initiatives emerge, new whale investors come on board and new demands more than before comes, we would see the price of Bitcoin increase significantly.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

War causes the most impact on all sectors and what is most felt is the disruption of the economic sector. War is an event that all rational humans least want. As a result of war, all order is broken.

Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

The most basic of certain events that can increase or decrease a price is the need for an item. If demand increases, the quantity of stock decreases, the price will increase. Global market behavior depends on their role [stakeholders] as actors in playing their roles.

Regarding the increase and decrease in the price of Bitcoin, it is no different from what I said above, that it really depends on supply and demand. An event that occurs can be the cause behind rising and falling prices.

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Events that I can think of that could lead to a significant increase in the price of Bitcoin are things like inflation, wars, or a global economic crisis that threatens to lose the value of the dollar. All of these things could make people abandon fiat currencies and move towards Bitcoin and gold, and this will lead to increased demand on Bitcoin and the increase in the price, especially in light of the continuous decrease in the number of Bitcoins.

But of course, the increase in large demand will lead to major problems in the network, such as congestion and high fees, so we must solve this problem before we think about that day when Bitcoin becomes a global currency.

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The op is reflecting upon the increases and decreases in national economies, but then jumps to a conclusion about Bitcoin. National fiat currencies are kind of tied to national economies, so they are directly affected by what's happening in those countries. And yet, fiat doesn't normally grow in value, as that would be deflation. So when things are going well, fiat loses a bit of value, and things are bad, fiat loses a lot of value. Bitcoin, on the other hand, is actually growing over time, not just in capitalization but also in price, but it's not tied to any national economy, and it doesn't even always follow global economic trends.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

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Some of the occurrences that can plummet the price of Bitcoin is war as you mentioned, disease outbreak as we saw during the covid 19 pandemic, exchange bankruptcy for instance Mt gox collapse, all these have significant impact on the price. On the other hand, what drives the price up is market sentiments. When the demand for Bitcoin is low, the price will go down and when the demand is high, the price will go up. Bitcoin halving and spot ETF listing are two important events that are capable of driving the price up.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

It is possible that certain events may wreak havoc on the economy. I don't know exactly what will happen tomorrow in Bitcoin, only based on guesswork, it is very difficult to analyze properly. Bitcoin Although many investors are increasing day by day but due to ban on Bitcoin in many countries I think Bitcoin industry is not moving very fast. For example China, a country like China has banned Bitcoin. China's population is huge, let's say if Bitcoin is allowed in China it will expand greatly. Again, suppose that many countries have export trade agreements with China, in which case China will be able to promote commercial Bitcoin transactions with other countries, and even force Bitcoin transactions at some point. If only major economies country support Bitcoin, it won't take long for smaller countries to join Bitcoin, but there's no definitive answer as to how long it will take for this to happen. Still the popularity of Bitcoin is high, this year has reached new heights. I hope will more increase day by day.

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we have been past the halving, bitcoin doesn't need occurrences to increase its price but bitcoin does can be helped if there's occurrences that somehow can make bitcoin more popular for example acceptance of bitcoin in china and other countries, it'd be great if that happens for real i'm pretty sure the price of bitcoin overall gonna pumps.
but seeing the bitcoin price statistic i'm pretty confident that even without those the market gonna increase. after all until now if you see the price of bitcoin by the span of decade, the price always linearly grows, quite literally from the very bottom so i'm not worried about the price of bitcoin increasing into another level anyway.
but for example if there's other thing such as ETH ETF news then it might also create tension in crypto market making people excited where it might helps the price of bitcoin increases.
overall its already a good prospect that bitcoin is having right now no need to worry about future occurrences.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

It's too plain and common to say that we need massive adoption for Bitcoin's price to increase. Yes, we all knew about that but it's all there and we have to recognize what are those factors, the main one for this bull run to come is about the halving. So, that's the first one and the next one are the Bitcoin spot etfs that will drive more demand to it and they're also happening. There might be need for some positive news that will report the massive buying of many but at this time, we have to wait. It's said that next month, we migth see some actions while being stagnant currently with the prices.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

for me adoption of Bitcoin as world digital currency.

Bitcoin is already a decentralized digital currency. Now the interesting question is whether the whole world will accept Bitcoin as a digital currency. As a doubt we can say that out of the total 206 countries in the world Bitcoin is legal in some countries but Bitcoin is not legal in most of the countries. The country I live in hasn't legalized Bitcoin yet and not sure if it will in the future. So I think Bitcoin may not be accepted as a global digital currency

Quote

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

If we review the history of Bitcoin, we can see that the price of Bitcoin has increased gradually, ie, since its inception till today, the price of Bitcoin has increased tremendously and even in the future, this trend of price increase will continue. The supply of bitcoins is limited, as far as I can tell if the bitcoin halving cycle takes place, the supply of bitcoins may decrease.

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Hearing more and more big players like institutions, private companies, private and popular individuals investing huge amount of their funds into Bitcoin would be one reason or factor that affects the increase of the price of Bitcoin no doubt about that. Future events like the next halving will also be the reason for investors to hoard right now in the hope of riding the next cycle of bullrun afraid of missing out or anticipating price surge that may also lessen their ability to purchase large or decent quantity of Bitcoin.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

Price of BTC is mainly driven by the ratio of demand and supply, as we know it has a scarcity factor, and due to this supply is being halved every four year, and after every four years I must say adoption is 2x than before. CMIIW. It's just a prediction but I think the adoption of BTC at the moment is way more than 2x compared to what it was 4 years before.

There is much good news in the pipeline that can make BTC adoption more, for example, China can adopt crypto, and once they do, the adoption rate will spike, there are a lot of countries including mine, where citizens are using crypto and generating a lot of trading volume, and once the governments will accept the crypto or BTC the adoption will increase more, as more people who were afraid to join before now will join because government is supporting them.

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Quote from: peter0425 on April 29, 2024, 02:55:02 PM

Well one would be halving obviously. It is already expected that bitcoin is going to continuously increase from here.

I wouldn’t say it is expected that each halving will increase the price, yes in the past trends after the halving the price increases but history doesn’t repeat it self always, but as long as their is growing adoption it should be increasing.

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If adopted, surely the demand for bitcoin will increase but realistically speaking that is quite yet far away.

Yes the demand or adoption will increase for bitcoin as we continue to grow basically as the fiat currency faces more inflation, many people will look for alternatives and it will drive them to bitcoin. But what OP meant by having it as a global digital currency, I don’t see that too happening because that will mean the governments have then embraced decentralization which we all know is not possible as things stands now.

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As you’ve mentioned wars can affect their nation’s currency but it can also affect bitcoin as much. If people are trying to quickly sell out bitcoin due to economical crises then everyone else may follow this reducing the price of btc.

During wars it is not even demand that causes a market price shift but also the cost of energy for mining power which is an essential component in bitcoin for mining and verification of transactions. A higher energy will result into high transaction fee I think or lower demand of bitcoin

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Mass adoption will indeed increase the price of Bitcoin massively but I don't think it's possible or the idea of bitcoin being the world digital currency is also not feasible, let's be more realistic if Bitcoin has to be adopted as global digital currency then it has to be accepted by all the nations but we have more nations hostile towards crypto than the crypto friendly ones hence I don't think it would work out anytime sooner.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

One of the biggest contributions to the Bitcoin price may be governments accepting Bitcoin legally. The lifting of these bans by countries where Bitcoin trade is prohibited may also have a positive impact on the Bitcoin price. In fact, we can list many similar reasons, but even if these do not happen, Bitcoin will continue on its way.

Bitcoin, which has a limited supply, has always increased its price in certain cycles and will continue to do so. There may be many reasons for the price increase, but the main reason is Bitcoin itself.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

Well one would be halving obviously. It is already expected that bitcoin is going to continuously increase from here.

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for me adoption of Bitcoin as world digital currency.

If adopted, surely the demand for bitcoin will increase but realistically speaking that is quite yet far away.

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I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

As you’ve mentioned wars can affect their nation’s currency but it can also affect bitcoin as much. If people are trying to quickly sell out bitcoin due to economical crises then everyone else may follow this reducing the price of btc.

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Quote from: Yatsan on April 29, 2024, 12:26:18 PM

Well most likely, big names from other industries adopting this technology, is what could increase the market price 'coz it can basically trigger a demand from non-crypto investors as well.

You are living in a dream world. Most investors do not haven a open mind, open minded people are not mainstream.
People who make money invest a little here and there, and there Bitcoin is part of their portfolio.

With all those scandals like tether, FX ,what makes you think the public forgets?

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Well most likely, big names from other industries adopting this technology, is what could increase the market price 'coz it can basically trigger a demand from non-crypto investors as well. However, same thing goes with the opposite. Binance as one of the biggest exchanger, is having issues at this moment regarding its accessibility in my country, which might be contributing to the current decline of not only Bitcoin but majority of crypto's market prices. Adoption of cryptocurrency is still struggling at this point which limits every uptrend.

As we can see here, there are many factors that could affect the market price of Bitcoin and that includes events inside and outside this industry, both increase and decrease to its value. But as we all know everything's temporary and volatility is a norma thing in this blockchain.

Quote from: Kelward on April 29, 2024, 11:46:47 AM

Quote from: WillyAp on April 29, 2024, 10:42:46 AM

Quote from: Kelward on April 29, 2024, 09:32:05 AM

Basically what can increase the price of Bitcoin will be mass adoption, if countries where it's restricted will remove the restrictions and also countries where it's banned will unban it, and if it's been used more as a digital cash to make payments, instead of just hodling it.

Any evidence to back that up?
So far I can see more and more people use other Crypto to pass those on.
Reason being the fee, the time bitcoin takes.

The focus of the thread is on Bitcoin, and the future occurrences that can increase it's price, and these factors above that you quote are the few that I could come up with.

Ofcourse there are alternative means of sending Bitcoin to other wallet addresses, and there are other coins that can be used alternatively when Bitcoin transaction fees is high, but the point is that the thread is specifically talking about Bitcoin and it's price increase in the future.

Well, what he said is still right; Bitcoin will be affected by this whole industry's acceptance from the world. Fees on the other hand seems to be a problem for the new ones but for those who are long enough to be in this industry, it is something expected whenever the market value of Bitcoin is increasing. As I've said nothing's permanent and there's still a possibility for transaction fees to decrease eventually.

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

for me adoption of Bitcoin as world digital currency.

This is impossible to happened since each country preferred their own currency which the can print money out of thin air. Bitcoin has limited supply and decentralized, there’s no way that the whole world will unite just to use Bitcoin as world currency while they are competing to each other to make their own fiat have more demand on international trade.

I believe hyper inflation is one of the occurrences that will make the price of Bitcoin high in terms of fiat value since fiat buying power will decrease that will reflect on Bitcoin value opposite.

Anything bad news related to fist will make Bitcoin more appreciated.

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Quote from: WillyAp on April 29, 2024, 10:42:46 AM

Quote from: Kelward on April 29, 2024, 09:32:05 AM

Basically what can increase the price of Bitcoin will be mass adoption, if countries where it's restricted will remove the restrictions and also countries where it's banned will unban it, and if it's been used more as a digital cash to make payments, instead of just hodling it.

Any evidence to back that up?
So far I can see more and more people use other Crypto to pass those on.
Reason being the fee, the time bitcoin takes.

The focus of the thread is on Bitcoin, and the future occurrences that can increase it's price, and these factors above that you quote are the few that I could come up with.

Ofcourse there are alternative means of sending Bitcoin to other wallet addresses, and there are other coins that can be used alternatively when Bitcoin transaction fees is high, but the point is that the thread is specifically talking about Bitcoin and it's price increase in the future.

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People in the past who have owned Bitcoin and then sold it for whatever reason will certainly be surprised by the current growth in Bitcoin value. Bitcoin has gone through various obstacles since it was introduced to the public until now, but nothing can stop Bitcoin's movement from breaking the previous ATH.

Events that can move the economy in a country are limited to events that are felt by only a few or people who have wealth above the average in that country. For people whose economic level has to fight alone to improve the economy amidst the downturn in the financial system in their country, Bitcoin is a very good way out to improve finances in the future. These events are only related and do not have a close relationship with the growth of Bitcoin prices because one of the reasons that can move Bitcoin prices is supply and demand.

WillyAp

member

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Looking for guilt best look first into a mirror

Quote from: Kelward on April 29, 2024, 09:32:05 AM

Basically what can increase the price of Bitcoin will be mass adoption, if countries where it's restricted will remove the restrictions and also countries where it's banned will unban it, and if it's been used more as a digital cash to make payments, instead of just hodling it.

Any evidence to back that up?
So far I can see more and more people use other Crypto to pass those on.
Reason being the fee, the time bitcoin takes.

avikz

legendary

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Quote from: Smilevictorobinna on April 29, 2024, 07:57:18 AM

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

You probably do not understand the scale of global economy, that's why you are doing about Bitcoin becoming world digital currency. The network will explode if Bitcoin is accepted globally by the governments. You will pay huge transaction fees and your transactions will be stuck in the network for hours.

Please understand, Bitcoin is not here to become the global currency. Adoption is good but the Bitcoin network also needs to scale up in order to accommodate the increasing number of transactions. Otherwise nothing great will happen with Bitcoin.

Marvell1

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Quote from: WillyAp on April 29, 2024, 09:16:00 AM

Crypto is much smaller than you seem to think.
It is way smaller than the US Stock exchange, it pales once you compare it to the value of say, Miami.
Similar to social networking there is a common factor in many new tech sectors, the inflation of numbers.

It is true that up to now cryptocurrency is still very small, the industry capitalization is less than 3 trillion while the capitalization of gold is more than 15 trillion and the stock market is more than 100 trillion. Cryptocurrency is really small and its market share on the world financial map is nothing but that doesn't mean it won't continue to grow. Because it is still so small, its price increase potential is not only large but will be extremely large beyond our imagination.

It is a small market but full of potential, so it will definitely be exploited and developed further, so don't be too delusional in the near future, but if you look long term, there will be many things that we can be proud of.

mindrust

legendary

Activity: 3234

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Nothing needs to happen really. Since bitcoin has limited supply and central banks will always print more FIAT, its price will increase in the long run no matter what happens. If you think a world war would drive crypto prices higher, I wouldn't be so sure. Probably the opposite will happen because crypto is a risk-on asset even though it is a better asset than FIAT. The biggest risk is the governments. If they decide to ban crypto, the price will tank to the oblivion. They are already in war with privacy and they are winning sadly. If they fight crypto, it doesn't look like they'll lose.

Kelward

full member

Activity: 364

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Eloncoin.org - Mars, here we come!

Basically what can increase the price of Bitcoin will be mass adoption, if countries where it's restricted will remove the restrictions and also countries where it's banned will unban it, and if it's been used more as a digital cash to make payments, instead of just hodling it. In basic economics concept, it's been said that when demand is greater than supply, the result will be increase in price, so if all this factors that I've mentioned are functional, then it'll drive Bitcoin price to continue to increase. However, some issues like the mempool congestion that makes Bitcoin transaction fees to skyrocket, is one of the disadvantages to the adoption of Bitcoin as a digital cash, because you can't expect to buy an item of $20 and expect to pay an amount that is equivalent to that as fee, so I wish that the Bitcoin developers will take it as a priority to remedy that stumbling block to Bitcoin adoption.

WillyAp

member

Activity: 672

Merit: 16

Looking for guilt best look first into a mirror

Crypto is much smaller than you seem to think.
It is way smaller than the US Stock exchange, it pales once you compare it to the value of say, Miami.
Similar to social networking there is a common factor in many new tech sectors, the inflation of numbers.

Smilevictorobinna

newbie

Activity: 42

Merit: 0

There are certain occurrences that can reduce or bring down the economy of a particular Nation there by also making there currency lose value in the world market for example war.

And there are also certain occurrences that can increase or rise the economy of a particular Nation there by also making there currency gain more value in the world market for example emergence of good and intelligent government.

Therefore I believe there are certain occurrences that will increase the price of Bitcoin to a very magnificent price.

for me adoption of Bitcoin as world digital currency.

I will also love to hear from everyone in this forum what you think can occur in the future that will increase the price of Bitcoin to it magnificent price.

Topic: Future occurrencies that can increase bitcoin price. (Read 348 times)