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Topic: New money into BTC? - page 2. (Read 553 times)

full member
Activity: 322
Merit: 100
November 02, 2017, 08:40:41 AM
#10
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
member
Activity: 107
Merit: 100
November 02, 2017, 08:39:19 AM
#9
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

Margin trading can't create such huge and consistent increase. It's obviously new money coming in. My bet is institutional investors. And it also explains why it's only Bitcoin - because the are going after "blue chips"
member
Activity: 77
Merit: 10
November 02, 2017, 08:38:44 AM
#8
I agree with this statement: the crypto newbies know only BTC and maximum ETH...in the public eye basically cryptocurrency = BTC

Now people hear and read about these crazy high returns of the BTC and they start getting curious and invest.

Plus please do not forget it is totally unregulated and somehow Blockchain is the new Switzerland Wink or does anyone of you declare its earning from the BTC rally in the annual tax return?Huh - of course I do! Wink


hero member
Activity: 2086
Merit: 994
Cats on Mars
November 02, 2017, 08:35:58 AM
#7
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
Taking into account that most people use Bitcoin as a financial instrument due to how speculative it can be, we can come to the conclusion that a big part of the money comes from Investors. Everyone is buying and puring fiat into BTC to sell later at a profit.
hero member
Activity: 1316
Merit: 546
Monday Hit Me Every week
November 02, 2017, 08:20:51 AM
#6
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.
I do not agree with your statement about "raising Bitcoin because of the popularity of ICOs". A new person knows cryptocurrency is mostly still confused about Bitcoin, how can they understand the ICOs project?  Undecided
member
Activity: 113
Merit: 10
November 02, 2017, 08:17:30 AM
#5
My guess is that Wall Street's financial tycoons bought a lot of bitcoins.Because apart from these financial giants, I can't think of anyone else who can pull bitcoin to such an exaggerated level.I don't think it's a good thing if financiers have bought bitcoin.
sr. member
Activity: 490
Merit: 258
November 02, 2017, 08:11:31 AM
#4
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 $1000  Grin
hero member
Activity: 1806
Merit: 672
November 02, 2017, 08:06:13 AM
#3
The money that is invest in Bitcoin is obviously not you money being printed by the government. Of course individuals have their own ways on putting their own money to Bitcoin some of which came from their salary to selling their own property just to add more to their investment. As for the source or link you want to have it is really not necessary as it is what is happening right now, to add some source of money that is going to Bitcoin are also re-investments people who sell high will also buy more at the bottomed out price.
member
Activity: 118
Merit: 20
ART via BTS & ETH www.magicmouseart.com
November 02, 2017, 07:47:55 AM
#2
The marked cap for BTC have increased from 60 to nearly 120b$ 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.
member
Activity: 94
Merit: 10
November 02, 2017, 07:24:26 AM
#1
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
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