What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?
I think people believe that bitcoin is an asset and the best investment that they can have and right now, after new comer is join into bitcoin world, more people know that bitcoin price is getting stronger even if there is a bad news in out there, the price will always back to the price before. people still hold their bitcoin in large amount especially for people which buying bitcoin in a few years ago and they don't sell all of their bitcoin because they know that the price will be increase more than the price now.
What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.
Tell me when to dump so I can buy back more btc for the next cycle pretty please! (I promise to hold forever next time, I really mean it!)
i am following you sir and I am waiting if there is any dump the price so we can buy it together. I think there is many time for the price is getting dump but sometimes we are missed that time. and because of this, I am placing an order buy so I am not missed the price.
What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?
It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.
Beyond just being a natural thing, people are learning about bitcoin on a wider scale. More people are hopping on the train because it's a growing trend right now. It's been doing well and that fact is propelling it even further forward. For example, now, Goldman Sachs is considering using bitcoin services for clients. News like this is boosting the price.
yes it is boosting the price and like few days ago that china release news about want to close all exchanges, this makes the price is down although is just because people panic but then the price is up again.