How do you explain the recent surge in Bitcoin price? - page 2.

stadus

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Quote from: Yaunfitda on October 31, 2019, 07:35:01 AM

Pump or not, bitcoin will continue it's surge specially there is block halvening next year.

There is no guarantee it would happen, but people are expecting about it, so it could bring hype to the market, but we need more big news that would also help make this market bullish again.

Quote from: Yaunfitda on October 31, 2019, 07:35:01 AM

If we wanted to be CZ or be the next crypto millionaire, time to accumulate this year < 5 digit is still a cheap price of bitcoin.

Not all of us will become millionaire but we can all be successful or profitable if you do everything at the right timing.
People who accumulated at $3K+ are already sitting with a good profit now, they have an option to still hold and wait for some good news next year.

Yaunfitda

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Quote from: BChydro on October 30, 2019, 01:15:13 PM

Quote from: lancem on October 29, 2019, 04:37:45 AM

CZ Binance sent an interesting Tweet block about that

CZ might have made a lot of money by investing in bitcoin and he went all in investing in bitcoin selling his house and now he is running a billion dollar company, it is a dream come true for everyone who is looking up to his profits and how he made his money and i am sure there are many who trusted bitcoin and went all in in the past.

Obviously, we can categorically call CZ a bitcoin maximalist, or at least a ardent supporter of it. I remember that he even de-listed BSV when there was so much drama about it specially when CSW claims that he is Satoshi.

Pump or not, bitcoin will continue it's surge specially there is block halvening next year. If we wanted to be CZ or be the next crypto millionaire, time to accumulate this year < 5 digit is still a cheap price of bitcoin.

Marckolind

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Because it get's more and more attention world wide, with millionaires, and billionaires wanting a piece of the pie, it's only natural to see these HUGE spikes in price from the millions of dollars pouring into the markets.
The Panama leakage shows that these people care a LOT about tax evasion, privacy etc. So I've got no doubt that DEX's will the the preferred means of exchange moving forward to these rich individuals.

That's why I decided to invest in projects like Blocknet, who could benefit from these rich individuals pouring BTC in to trade to whatever coins/tokens they want to hold, while still remaining anonymous.

So, why Blocknet? Look at the chart below comparing the latest DEX's and it's obvious:

BChydro

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Quote from: lancem on October 29, 2019, 04:37:45 AM

CZ Binance sent an interesting Tweet block about that

CZ might have made a lot of money by investing in bitcoin and he went all in investing in bitcoin selling his house and now he is running a billion dollar company, it is a dream come true for everyone who is looking up to his profits and how he made his money and i am sure there are many who trusted bitcoin and went all in in the past.

alan2here

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Quote from: disconnectme on October 29, 2019, 02:09:40 PM

It is simple just CHina pump, just imagine what will happen when the president of US tweet in support Bitcoin, then the market will go gaga. I still have my second thought about Chinese money flowing into the space like the precious times, like 2016 when they were the one pumping the market, now the CHinese economy is struggling and I don't think the cash cow s still there like before

I think China is the country that uses the most crypto in this market and all manipulation activities start from here so the financial problem certainly doesn't affect them much. In my opinion, big countries are starting to support this market more and if this trend can last for a few more years, Bitcoin will definitely increase in price. Now everything just stops at predictions so it is best to be more patient during this time.

I believe that the value of Bitcoin will soon stabilize and we have the right to hope for a better future for the crypto market. I personally expect the value of Bitcoin to reach $30,000 by 2022 because that is the year when there is a lot of important news for the entire market.

Apened

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The recent price surge is an actual bullish move and a new start of cycle that may lead to the next bull run neither a preparation for the near halving season but now we are in a couple of weeks in correction which is very normal after this price surge. We have to wait for the next bull market to start.

ePesoInitiative

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Forget the news. It is a technical correction because the whole crypto space has been oversold for two months already. We now know there are buyers in the $7,500 region for Bitcoin, maybe it will go up to $8,000 and slowly to $9,000 as we near the Bitcoin halving.

BartS

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Quote from: Febo on October 26, 2019, 02:03:13 PM

Quote from: phillymogul on October 26, 2019, 10:27:47 AM

How do you explain the recent surge in Bitcoin price?

Whales are playing. It is happening all the time. In June price went up and down 20 % in few days. Price went down two days ago for almost 10%. Bitcoin price is highly manipulated by whales. That is why trading of Bitcoin is highly not advised.

The most likely explanation by far, many are claiming that China announcement about the development of the blockchain technology is responsible for this.

But the days when the Chinese government could make a statement and move this market are far away, what it is happening is probably the result of the whales trying to get every single dollar and bitcoin out of small investors, if that is true you can be sure the price will crash during the next weeks.

disconnectme

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It is simple just CHina pump, just imagine what will happen when the president of US tweet in support Bitcoin, then the market will go gaga. I still have my second thought about Chinese money flowing into the space like the precious times, like 2016 when they were the one pumping the market, now the CHinese economy is struggling and I don't think the cash cow s still there like before

CarnagexD

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Quote from: binhvo1505 on October 27, 2019, 01:18:58 AM

The recent news I read is that the Chinese government is starting to take an interest in crypto businesses and they are ready to support and develop this new industry.
This is probably the main reason why the price of bitcoin and alts in China soared on October 26.

Most of us are now talking about this because we only know that the president of China or the Chinese government is the main reason for the sudden pump of bitcoin. I have been monitoring the price of bitcoin and right now it just becomes stable at the price of 9200$ to 9300$ and I wonder if the price will keep on increasing because as you can see China is now supporting cryptocurrency and blockchain technologies. Lastly, I know there are still some reasons behind on sudden pump but I still hope for a better price at the end of this year.

Endikadija

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Quote from: lancem on October 29, 2019, 04:37:45 AM

CZ Binance sent an interesting Tweet block about that
https://twitter.com/cz_binance/status/1187757313559384065

CZ was writing a good point about that but im feeling curious how people are taking it as their reason to create such a correlation to the crypto?
China is aware if blockchain is vital for that country but just try to draw my conclusion if xi will make it clear about will it be correlating with crypto or not and that will answer all of the questions around here right now.

Reid

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As long as it is a threat to the strong countries then it will still be supported and its price surge could come up anytime. Grin

I don't think they could just stop it.
It had also been the escape pod of different rich people to escape taxes which is saving them a lot of money instead of paying that annually.
That is just one out of many reason of why a person would buy bitcoin.
Another could be savings. Instead of saving it in a bank which interest rate are too low and you will almost die before feeling that number.

Obito

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Quote from: enhu on October 26, 2019, 12:05:29 PM

Quote from: CjMapope on October 26, 2019, 11:47:37 AM

ya i agree with homeboy above me here, China for sure imo
they are a MASSIVE financial superpower, more then most people realize i think
the financial energy they can direct at BTC could put it on the moon WELL before the 1/2ing
their citizens are prob just STARTING the buy frenzy with this recent news

Will we see another Xmas pump like 2017 tho? Shocked

I'm one of the hopeful. China is big in cryptocurrency so if they can kick start the buying frenzy, the more I'd be hopeful to look 2017 will repeat itself. But if that is just a burst and die in days, well I say thanks to XI he gives traders the amount of hope that a government can back how useful blockchain technology will be. Xi should keep doing speaking blockchain on TV for it will make BTC surge over and over.

How ironic of China who's totally against to bitcoin and bans it even in their mainland, be the reason of this sudden pumps. Anyway, this something new to me though and I looking forward to 2017 feels.

But I still believe that this drastic changes was made by those whales around. Nothing more to that. Well if it is not then may be we might experienced pumps in the end of the year if things in crypto go well in China.

Ridwan Fauzi

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I just thought that bitcoin price had increased yesterday was just because facebook (Mark Zukemberg) won't be apart as company who support libra coin. A few days ago, he came at the invitation of the US senator and he was explained that he will adheres to policies issued by the US government, so the investor of bitcoin will see it as a good news.

I didn't find any information except it and even since the facebook some companies who intend to create the global currency then there are a lot of countries who take consideration to make their own currencies. At least, they were aware that cryptocurrency is a technology which can be use by many people on this world in the future.

matchi2011

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Quote from: NathanJB on October 29, 2019, 05:02:19 AM

Quote from: riso2015 on October 29, 2019, 03:59:03 AM

Many say this is a reaction after the Chinese government issued a policy to adopt Blockchain technology and would legalize Cryptocurrency in their countries. I believe this is the beginning for each country will also follow the steps taken by the Chinese government and of course will make the price of Bitcoin will increase dramatically.

The price increase may be a reaction but it is not only influenced by a single factor. The Bitcoin market is big enough and multi-faceted enough that a single statement coming from the president of china is enough for it to rise. And considering that the president did not specify Bitcoin, did not even mention it in his announcement. The increasing Bitcoin price is probably a mixture of rising market, a good outlook, and the coincidental statement of the president of china.

A mixtures where even whales are riding with this rise, we know that there's emerging possibilities that China's stand regarding to crypto currency has been changed and they are aiming to work with blockchain system where crypto is base, there's a big chance that with this particular statement many whales who understand the potentials are now accumulating as they are expecting higher appraisal in the next following months or years.

NathanJB

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Quote from: riso2015 on October 29, 2019, 03:59:03 AM

Many say this is a reaction after the Chinese government issued a policy to adopt Blockchain technology and would legalize Cryptocurrency in their countries. I believe this is the beginning for each country will also follow the steps taken by the Chinese government and of course will make the price of Bitcoin will increase dramatically.

The price increase may be a reaction but it is not only influenced by a single factor. The Bitcoin market is big enough and multi-faceted enough that a single statement coming from the president of china is enough for it to rise. And considering that the president did not specify Bitcoin, did not even mention it in his announcement. The increasing Bitcoin price is probably a mixture of rising market, a good outlook, and the coincidental statement of the president of china.

ew

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Quote from: deadsilent on October 26, 2019, 06:42:54 PM

China I think influenced the market as their leader proclaim an all out support for blockchain. Although it's not directly for Bitcoin. People are hopeful that China will unban all cryptocurrency Exchanges so people there will pour their money on cryptocurrency market. We all know how huge money China can bring to the market. If China unban cryptocurrency, probably Bitcoin will hit all time high again for sure.

Oh, what a coincidence, I've just read the news of the Neironix platform telling about bitcoin changes and China participating in this process (https://neironix.io/news/numbers/bitcoin_price_analysis_on_october_28_continued_growth_of_bitcoin_and_chinese_blockchain_projects).

lancem

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CZ Binance sent an interesting Tweet block about that
https://twitter.com/cz_binance/status/1187757313559384065
https://cdn.discordapp.com/attachments/535269424496771073/638140050076598275/unknown.png

riso2015

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Trphy.io

Many say this is a reaction after the Chinese government issued a policy to adopt Blockchain technology and would legalize Cryptocurrency in their countries. I believe this is the beginning for each country will also follow the steps taken by the Chinese government and of course will make the price of Bitcoin will increase dramatically.

Genemind

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It could be news about China or the manipulation of whales. Any of these could be a reason for the price hike but since Bitcoin is volatile, these changes are also uncontrollable and it's just part of its characteristic as a digital currency. The market is quite dropping down again so the price has been really unstable because of different news and events on the mainstream.

Topic: How do you explain the recent surge in Bitcoin price? - page 2. (Read 1775 times)