I would add a fourth reason for Bitcoin's price increase from last month.
Every passing day gets us closer to the halving from next year. Every single time the price increased when a halving took place, so I don't think this time things will be different.
Topic: 03 reasons for Bitcoin Bitcoin value in the past month (Read 339 times)
I think what you have put up here has been discussed in this community already, to name a few. So it may or may not affected the price of bitcoin as the main driver for it is still supply and demand.
[1]Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally
[2]Rumor: E*Trade Is Close to Launching Cryptocurrency Trading
[1]Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally
[2]Rumor: E*Trade Is Close to Launching Cryptocurrency Trading
All are right but theres still more facts that affects bitcoin price.Just like adaptation and demand,demand is the first thing that affects bitcoin price and what makes demand is adaptation.This 3 reasons above is just adding to this and makes bitcoin price growth everyday
Lots of factors are affecting the growth of Bitcoin.
The high market demand is one of the reasons why Bitcoin is reaching a good value. Bigger whales are purchasing Bitcoin even small investors are buying.
Even the media hype also making the price go better because Bitcoin has been making news in media these days.
The high market demand is one of the reasons why Bitcoin is reaching a good value. Bigger whales are purchasing Bitcoin even small investors are buying.
Even the media hype also making the price go better because Bitcoin has been making news in media these days.
Even if the price grow a lot last month helped by that actions and maybe some whales who buy , i think a bull run will happen only next year where we will have also a new ATH for bitcoin in my opinion, i think this year we will not have a new ATH for bitcoin.
I agree with all of these reasons but one thing that affects the price is the belief of investors that the bull run could happen anytime this year. That expectation is also the reason why most investors are accumulating more Bitcoin. The incoming Bitcoin halving has a big impact on the price of Bitcoin as well.
Yes, I agree on this but we should also add those whales that after a year of hoarding of their bitcoin they are now moving it from other walllets or some legit trading platforms which is totally good news to all of us right because they one of the most important investors in cryptocurrency bitcoin.
I am still expecting another increase before this month ends.
I am still expecting another increase before this month ends.
Last year we also had a lot of good news and the price did not stop falling too much. I think that what happens now with the price is only related to the bitcoin Halving that will happen next year.
If this trade war will turn into a stock market crisis (likely, considering they take place each 7-10 years apart) in USA, this could be a great booster for BTC and many altcoins price.
During the last 2008-2009 crash we did not have a "digital gold". Right now in 2019 we have one.
Last year we also had a lot of good news and the price did not stop falling too much. I think that what happens now with the price is only related to the bitcoin Halving that will happen next year.
The US-China trade war usually pushes the bitcoin price down...if it really has some impact over the price(which was never proven).
The other two factors look too small and insignificant to me,so they can't have huge impact.
I don't think bitcoin's value will go down. An explosion in May was only 2 weeks. I am worried that for such reasons, the value of bitcoin becomes more unpredictable to embrace the natural trend. manipulations from many forces can continue to move into the market. However, the value goes up helps the market clean and the charm is returning. The other two factors look too small and insignificant to me,so they can't have huge impact.
whatever is the reason for valuable bitcoin I am very happy with this situation, because with the pump that happened yesterday, I got a pretty big profit. and now I'm waiting for the next pump.
I think not just you that will be happy to see the situation right now but the other people will also happy because the price increased so high depends on a few months ago.And now, we are waiting for the next pump that will happen in this month and the rest of the month this year.
I hope that soon, the price will break $10k and then running to a higher price.
The higher bitcoin price can reach, the bigger profit we can get
whatever is the reason for valuable bitcoin I am very happy with this situation, because with the pump that happened yesterday, I got a pretty big profit. and now I'm waiting for the next pump.
But that pump yesterday has dropped back today to $8500.
Anyway, I'm not thinking that the price increase since we have started noticing it is because of the trade war. The trade war has always been there before last month.
Yes, therefore, as reported above, that Asia has an important influence on the increase in bitcoin, the China and US trade wars made RMB down and many Chinese people turned it into bitcoin. Indeed, now there are no extraordinary pumps since the As and China trade wars yesterday, but in my opinion this is the reason why Bitcoin is able to survive now while the graphs I have analyzed technically show bearish divergence, but Bitcoin is able to survive.
whatever is the reason for valuable bitcoin I am very happy with this situation, because with the pump that happened yesterday, I got a pretty big profit. and now I'm waiting for the next pump.
But that pump yesterday has dropped back today to $8500.
Anyway, I'm not thinking that the price increase since we have started noticing it is because of the trade war. The trade war has always been there before last month.
You must add where you got the idea for your statement, it may be your statement but the original content came from this article.
https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
It is more likely a plagiarism.https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
The OP is newbie maybe he doesnt know a lot aboout the rules, OP you must add the link where you copy those statements.
33. Posting plagiarized content is not allowed.
You must add where you got the idea for your statement, it may be your statement but the original content came from this article.
https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
It is more likely a plagiarism.https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
The OP is newbie maybe he doesnt know a lot aboout the rules, OP you must add the link where you copy those statements.
whatever is the reason for valuable bitcoin I am very happy with this situation, because with the pump that happened yesterday, I got a pretty big profit. and now I'm waiting for the next pump.
The US-China trade war usually pushes the bitcoin price down...if it really has some impact over the price(which was never proven).
The other two factors look too small and insignificant to me,so they can't have huge impact.
The other two factors look too small and insignificant to me,so they can't have huge impact.
Those factors have been talked a lot especially on this forum and we generally agree that they pushed bitcoin recently so much farther from the bitcoin winter and into the bullish mode where it is now. When there are good news that can affect bitcoin the market may respond according though not all times, of course. Next year, we are expecting that the scheduled halving can trigger more growth for this cryptocurrency...and if ETF can be approved eventually then they can be double blessings. Just like forex or stocks, bitcoin is following the same pattern of being influenced by developments and events related into the industry.
You must add where you got the idea for your statement, it may be your statement but the original content came from this article.
https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
https://www.forbes.com/sites/ktorpey/2019/05/31/the-bitcoin-price-has-skyrocketed-over-the-past-month-for-these-3-reasons/#65272d2c5178
3 reasons for Bitcoin Bitcoin value in the past month
# 1: The US-China trade war
The direct impact of the US-China trade war is that the RMB exchange rate is touching the lowest level in the last six months.
Much of the increase in Bitcoin in 2017 comes from Asia, especially from countries like Korea and China. These are the two governments that have control over domestic capital and, in the minds of many people, governments are trying to devalue their own currencies. Therefore, Bitcoin is now a measure of "salvation", to ensure the security of the assets of the citizens of this country.
# 2: The conference agreed on Consensus 2019
The main reason many people feel excited when attending the conference is the launch of the regulated digital platforms such as Bakkt, Fidelity Digital Assets and ErisX.
# 3: Bitcoin brokers flourished in 2019
Stock investment platform E * Trade has accepted cryptocurrency, allowing their customers to trade Bitcoin (BTC) and Ethereum (ETH).
In addition to E * Trade, the list of companies that are about to join Blockchain also includes electronic technology group Samsung and Nike.
Therefore, this is the period when we witness Bitcoin is not only gradually becoming more mature, but also able to step into the geopolitical world.
What do you think about this statement?
# 1: The US-China trade war
The direct impact of the US-China trade war is that the RMB exchange rate is touching the lowest level in the last six months.
Much of the increase in Bitcoin in 2017 comes from Asia, especially from countries like Korea and China. These are the two governments that have control over domestic capital and, in the minds of many people, governments are trying to devalue their own currencies. Therefore, Bitcoin is now a measure of "salvation", to ensure the security of the assets of the citizens of this country.
# 2: The conference agreed on Consensus 2019
The main reason many people feel excited when attending the conference is the launch of the regulated digital platforms such as Bakkt, Fidelity Digital Assets and ErisX.
# 3: Bitcoin brokers flourished in 2019
Stock investment platform E * Trade has accepted cryptocurrency, allowing their customers to trade Bitcoin (BTC) and Ethereum (ETH).
In addition to E * Trade, the list of companies that are about to join Blockchain also includes electronic technology group Samsung and Nike.
Therefore, this is the period when we witness Bitcoin is not only gradually becoming more mature, but also able to step into the geopolitical world.
What do you think about this statement?
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