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Topic: New money into BTC? (Read 553 times)

hero member
Activity: 560
Merit: 500
November 02, 2017, 10:35:07 AM
#30
As we are watching btc going to the moon. People wants bigger returns on their money which are very hard in case of other coins. As they are too much volatile. BTC is the only coin which is increasing steadily and people are getting bigger returns as well as have bright future in coming years.
full member
Activity: 216
Merit: 100
November 02, 2017, 10:24:50 AM
#29

Simply more and more will learn about bitcoins, about their prospects and popularity, about their technologies. People see the results and want to bite off this pie and their share. So it's not surprising that capitalization is growing. Roll Eyes
legendary
Activity: 3374
Merit: 1824
November 02, 2017, 10:13:34 AM
#28
I believe that the market opened in Japan and China and that a large number of investors from these areas invest in bitcoin.
Bitcoin is now ''big'' news and everybody talking about it, even in official media channels.
Bitcoin has become very popular because of its great profitability in a very short time, and this is the reason for the large number of people entering bitcoin in a very short period of time, specially Japan and China.
full member
Activity: 336
Merit: 100
November 02, 2017, 10:05:43 AM
#27
Yes, the new funds are heating pull high bit coin. Grin

Bitcoin is more and more popular, it is the price to attract more investors
sr. member
Activity: 586
Merit: 251
November 02, 2017, 10:01:41 AM
#26
The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it
One of drivers for BTC is raising of number and popularity of ICOs. The invest lots of money for advertising - and involve new people in crypto economy. Newcomers need btc to invest in ICOs. In other hand, people who have btc don't sell them much.

Humm, Maybe I don't agree with your point of view. I think newcomer who wanna join ICOs, they will buy ETH. Because most of ICOs project mobilize capital by ETH. I think there are some new whales, new sharks wanna pump price.
sr. member
Activity: 1372
Merit: 255
November 02, 2017, 09:25:18 AM
#25
I guess the new Bitcoin volume comes from the new buyers, not just new buyers but huge whalesj, probably there are people with public influence. Remember the time when BTC dumped to 3000 when it was hit by China fake news? Many people bought Bitcoin. Another reason, many hedge funds are now invested to Bitcoin.

The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it
member
Activity: 77
Merit: 10
November 02, 2017, 09:24:43 AM
#24
More of the new money is more than likely new adopters with seeing how much the price is increased more and more people are starting to invest in bitcoin. Over time that will probably move towards altcoins too.

oh I hope so very much! Smiley

and it is not only the money and the incredible returns itself. it's the media/the news as well who pick up on this incredible story. and i believe similar to other areas before (Blue Ray, VHS) it is not necessary the best who will win this race but the first, the most famous and the most mentioned. This is clearly BTC far before any other cryptocurrency!
member
Activity: 168
Merit: 10
November 02, 2017, 09:20:43 AM
#23
It's simple, the reason is bitcoin is the hot topic in various mainstream media and various investor compared with ETH or altcoin. Also, most ICO require BTC,ETH or other major altcoin and most altcoins are joke where it's only used as short-term investment.
yes it is true, news coverage in the media has a tremendous impact on the people who just joined bitcoin. And convert their money to bitcoin.
jr. member
Activity: 49
Merit: 10
November 02, 2017, 09:20:37 AM
#22
The formal recognition for bitcoin is unavoidable. Current volume of daily transactions with huge bitcoin. Countries are beginning to legalize bitcoin. The future of bitcoin is very good.
legendary
Activity: 1246
Merit: 1000
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November 02, 2017, 09:09:22 AM
#21
The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it

Some big dogs are shifting their portfolios from other valuable assets to Bitcoins...
Forex traders, Gold, Silver and other metals and commodity traders are now trading Bitcoins too just because they got their attention dragged from these slow-motion assets to such an explosive-return providing currency that gained nearly 7x during this year, and more than 70000 times its initial value...
Those who still don't know about Bitcoins will surely go out of their senses once this giant bursts above some extremely superstitious levels which none of us have even dream of...
member
Activity: 107
Merit: 100
November 02, 2017, 09:00:33 AM
#20
The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it

The only explanation I can give to it is the addition of both new money and money spread into other alt coins that have been responsible because another thing that could increase market cap will be the increase in volume which is something that cannot be explained right now, considering the difficulty in mining bitcoin.

But we should not also forget the amount of money that have been pumped into bitcoin as a result of the forks that have happened in recent time which for me its enough to change the way price goes. With a lot of people dumping the forked version, then channeled back into bitcoin is something explaining what we are seeing now.


You are mentioning that people are pumping in money due to forks. I don't fully get this. Why November fork should be attracting new money for bitcoin?
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
November 02, 2017, 09:00:02 AM
#19
The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
altcoins are mostly having bad time because their bubbles are busting and they are in the downfall of the year now. bitcoin is rising because its adoption keeps increasing and also there is a bubble forming up now.

Quote
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it
it is impossible to say for sure, it is mostly because of all the free money that people have been receiving this year from all the altcoin pumps that is not coming back to bitcoin.
it is also the fact that many are not familiar with bitcoin. the news is literary filled with bitcoin, everywhere they are talking about it. that is bound to bring in a lot of new people and new money.
there is also the latest news about CME and getting involved with bitcoin thing.
hero member
Activity: 1330
Merit: 569
November 02, 2017, 08:57:08 AM
#18
The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
Where do you think the money that goes into BTC comes from? Margin trading? New money?
Do you know something by fact and a link that can support it

The only explanation I can give to it is the addition of both new money and money spread into other alt coins that have been responsible because another thing that could increase market cap will be the increase in volume which is something that cannot be explained right now, considering the difficulty in mining bitcoin.

But we should not also forget the amount of money that have been pumped into bitcoin as a result of the forks that have happened in recent time which for me its enough to change the way price goes. With a lot of people dumping the forked version, then channeled back into bitcoin is something explaining what we are seeing now.
hero member
Activity: 1008
Merit: 515
November 02, 2017, 08:55:56 AM
#17
The 'new money' probably comes from people who are new to bitcoin.

However, the 60 to 120b USD is a bit flawed. Since there are approximately 16.6M BTC in circluation, a price increase will lead to a increased market cap of 16.6M USD. When looking at market cap number, you always need to be aware that it is not representing the total money invested in bitcoin. That would only be the case if all bitcoins can be cashed out at the current price, which is obviousely not the case.
sr. member
Activity: 504
Merit: 251
★777Coin.com★ Fun BTC Casino!
November 02, 2017, 08:54:42 AM
#16
More of the new money is more than likely new adopters with seeing how much the price is increased more and more people are starting to invest in bitcoin. Over time that will probably move towards altcoins too.
member
Activity: 107
Merit: 100
November 02, 2017, 08:50:29 AM
#15
I do not know for sure what makes the bitcoin price to rise drastic for now. It is possible that this is due to the increasing market demand for bitcoin, I am believe bitcoin will reach price in the range of $ 8000

My bet is $10,000 very soon. There is just too much inflow and too little resistance for the price.. so it may happen even this year 
member
Activity: 107
Merit: 100
November 02, 2017, 08:48:55 AM
#14
I assume it came from the new adapters. The bitcoin is gaining more and more popularity and it attracts investors even more because of its price. Anyway, noobs will be noobs so expect more people to buy at high prices... those are the ones who were skeptic when bitcoin was at $1000  Grin

I was skeptic too and for good reason. When bitcoin hit 1000 it was totally overpriced - the infrastructure was almost non existent, few people knew about it and the price pump-up was purely Chinese made. And the price corrected to the levels where it had to be. But now I think it's different story - 1/2 of the people on this planet must be knowing what is bitcoin and the infrastructure is getting more professional (though still far from good). So I think the price now is much more logical
member
Activity: 77
Merit: 10
November 02, 2017, 08:47:14 AM
#13
Please take for consideration the great news from USA.
Chicago's Futures and Options exchange is adding Bitcoin as base instrument.
It means, fiat sharks and fund managers will be able to trade Bitcoin futures/options.
This exchange attract billions in volume which means a great boost for Bitcoin.

oh yes, this is very true! totally forgot about that! that's a real major achievement and it will impact the BTC for next years!!!!!!

and this will have a HUGE impact again when they start end of year...as I am more an ETH-usiast, I hope this will happen t the ETH as well in the near-ish future!!!
member
Activity: 116
Merit: 10
November 02, 2017, 08:47:07 AM
#12
Combination of factors. I think you must live under a stone these days if you do not know that bitcoins exist. The news that CME Group will launch BTC Futures, somewhere in 2018, gained a lot of attention. Btc is being adopted by the mass and everyone wants to be part of it. I guess we all know here what will happen with the price in 2018  Grin.
full member
Activity: 280
Merit: 102
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November 02, 2017, 08:44:02 AM
#11
Please take for consideration the great news from USA.
Chicago's Futures and Options exchange is adding Bitcoin as base instrument.
It means, fiat sharks and fund managers will be able to trade Bitcoin futures/options.
This exchange attract billions in volume which means a great boost for Bitcoin.
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