Exactly right and that mixed it up.
For point number 1, if we trace back the previous halving result we saw there that Bullrun comes right after the next halving and its results after a year and now, we saw that it is true, after a year we experienced a bull market. The plus factor that bitcoin maintained on the top and never pullback is just because there are too many supports like adoptions the points 2 and 3 which makes bitcoin price going strong.
It looks like a joined forces that makes bitcoin skyrocketing too much in the market.
Topic: Btc Halving Effect + Elon Musk Effect + Institutional Investors' Effect. - page 2. (Read 264 times)
February 15, 2021, 02:40:32 PM
February 15, 2021, 02:32:00 PM
And that is why analyst or even crypto enthusiast saw that bitcoin's narrative has developed and change a lot in the last quarter of 2020 and up to this point because of point number 2 and 3. For big companies, bitcoin became their safe haven for their assets as hedge against economic inflation. So there's a wave of money coming in today and in the next 12 months that might push the price to six digits or even more. So yeah, don't be surprised if something big really happen this 2021, led by Elon Musk.
February 15, 2021, 01:47:36 PM
There should be a combination of events that culminates in a rally, halving is a major factor and you need huge investment to come in for the price to go up as well and these institutional fund houses were investing in bitcoin well before the halving knowing that the price would rally and then PayPal including bitcoin was another factor to breach the resistance we had and crossed the old all time high valuation and if you look at it, a combinations of events was responsible for this rally.
February 15, 2021, 01:26:41 PM
bitcoin halving is good for bitcoin.
bitcoin adoption by some big institutions is also good.
but, how about some well-known influencers that overexpose their bitcoin or other cryptocurrencies.
people (their followers at least) will starts thinking crypto as their one-hit wonder that can make them rich. just hit and run.
I am not talking about Elon Musk but the narratives now said that he is a "crypto pom-pom" guy or the new Mc Afee.
I don't want people trapped with those negative stigmas, because we will have exponential growth of the people with misleading information regarding bitcoin.
this is the worldwide google trends for the past 90 days for "Bitcoin".
bitcoin adoption by some big institutions is also good.
but, how about some well-known influencers that overexpose their bitcoin or other cryptocurrencies.
people (their followers at least) will starts thinking crypto as their one-hit wonder that can make them rich. just hit and run.
I am not talking about Elon Musk but the narratives now said that he is a "crypto pom-pom" guy or the new Mc Afee.
I don't want people trapped with those negative stigmas, because we will have exponential growth of the people with misleading information regarding bitcoin.
this is the worldwide google trends for the past 90 days for "Bitcoin".
February 15, 2021, 12:23:39 PM
1. The btc halving was a major cause of btc price increase because it reduces the number of btc supply by ½ in every four years.
About the halving, we all know the effect it has, but probably we should stop discussing it for the time being. If you understand what I am saying you would and just focus on the rest news and tell everyone about the fourth halving,when the time is right. Because now everyone is in a speculative rally that started by the halving, but nobody gives attention to the next one, so stay low, bury the halving for two more years and we remember it again when the time is right.
February 15, 2021, 11:39:53 AM
At first people couldn't imagine that bitcoin would reach it's once all-time high - $1000 but it happened after the previous halving and still was the sensation. Then we reached 20K USD, we went from $600 to $20 000, amazing jump in a short timeframe. People were saying that bitcoin would reach 5K, 10K, 20K and most of us were thinking they were trolls and just saying something unrealistic but seems they were true, somehow true.
Right now, Halving, PayPal and Elon Musk's words had a huge effect on price but somehow people didn't catch the Visa's words/statements, it's very curious for me.
Btw we may see the 100K USD in near future but at the moment, somehow we can't reach the 50K barrier despite the fact that price become 49K. At some point I thought if we reach 49K, then it's guaranteed to buy bitcoins cause people always psychologically prefer rounding of numbers.
Right now, Halving, PayPal and Elon Musk's words had a huge effect on price but somehow people didn't catch the Visa's words/statements, it's very curious for me.
Btw we may see the 100K USD in near future but at the moment, somehow we can't reach the 50K barrier despite the fact that price become 49K. At some point I thought if we reach 49K, then it's guaranteed to buy bitcoins cause people always psychologically prefer rounding of numbers.
February 15, 2021, 11:15:28 AM
While certain news and events will most definitely move the markets, in the end, it will all completely depending on one thing, just as with any other markets— supply and demand.
Why isn't the price up to the moon yet? A lot of people especially in 1st world countries simply don't see the use of it yet. On the other hand, bitcoin is a total no brainer for a lot of people that live in countries where their government has totally went ballistic(like Zimbabwe and Venezuela).
Why isn't the price up to the moon yet? A lot of people especially in 1st world countries simply don't see the use of it yet. On the other hand, bitcoin is a total no brainer for a lot of people that live in countries where their government has totally went ballistic(like Zimbabwe and Venezuela).
February 15, 2021, 11:08:15 AM
In my opinion, these points are quite reasonable and have been proven when it was recently that it was not too surprising. maybe we are getting used to the turmoil of the bitcoin market which is how to walk sideways. but what if at this time we heard that the fate of bitcoin was at stake in America, as if bitcoin was collided with the position of the dollar.
It has become very clear that btc is not competing with any fiat currency being the USD or the China’s yaun. This is because the world has seen that btc is even more valuable gold which is the standard of fiat.
Well, they only have to accept this fact and seek for ways to explore it.
February 15, 2021, 10:50:50 AM
I think your third point is yet making reference to the second point, institutional investors. I think for me the institutional investors are one major factor that bitcoin is on the increase if Elon Musk invested or uses bitcoin for huge institutional payment and Amazon and others are part of the bitcoin adoption then we see it is the institutions creating such bull because of their huge transactions.
February 15, 2021, 10:48:49 AM
In my opinion, these points are quite reasonable and have been proven when it was recently that it was not too surprising. maybe we are getting used to the turmoil of the bitcoin market which is how to walk sideways. but what if at this time we heard that the fate of bitcoin was at stake in America, as if bitcoin was collided with the position of the dollar.
February 15, 2021, 10:15:23 AM
I have been reflecting on the combined outcome or the compounded outcome of the recent happenings in Bitcoin adoption.
Here is my reflective thought.
I have relearned that btc price increase will not only be caused by the four years periodic halving.
1. The btc halving was a major cause of btc price increase because it reduces the number of btc supply by ½ in every four years.
2. The Adoption of institutional Investors: I have realized that btc will continue to rise and perform well as an asset due to the activities of these powerful financial entities. By extension, that means btc price will rise and the value will increase more frequently.
3. The Elon Musk and Public Corporation Adoption: I feel this factor is higher in ordinal ranking than factor 2. With the investment of $1.5 bn by Tesla in btc and acceptance of btc as a means of payment for its product has led to the surge in the value of btc. By extension, other companies like mastercard, Amazon, Uber etc will follow such epic leadership.
Deductively, btc has a very powerful growth force supporting it. So, if one should predict that it will rise to $100k this year I am not surprised.
What do you think?
Here is my reflective thought.
I have relearned that btc price increase will not only be caused by the four years periodic halving.
1. The btc halving was a major cause of btc price increase because it reduces the number of btc supply by ½ in every four years.
2. The Adoption of institutional Investors: I have realized that btc will continue to rise and perform well as an asset due to the activities of these powerful financial entities. By extension, that means btc price will rise and the value will increase more frequently.
3. The Elon Musk and Public Corporation Adoption: I feel this factor is higher in ordinal ranking than factor 2. With the investment of $1.5 bn by Tesla in btc and acceptance of btc as a means of payment for its product has led to the surge in the value of btc. By extension, other companies like mastercard, Amazon, Uber etc will follow such epic leadership.
Deductively, btc has a very powerful growth force supporting it. So, if one should predict that it will rise to $100k this year I am not surprised.
What do you think?
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