Topic: Next Reason For BTC Price To Goes Up (Read 13679 times)

Quote from: moynul2050 on April 16, 2019, 09:25:54 AM

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

What could be the reason though for that to happen this time around? I'm reading a few comments talking about the halving necxt year but that seems a little distant to have that much effect now. Sec approval? I don't think so. Whales starting a fomo? Probably.

The increase was nothing so special, it was bound to happen, the reason why it came as a surprise was because of the time frame, it was so fast that it looked as if there was a force that pushed many people into making these decision at once, the reason why some of us are sure for now is because this increase didn’t come from just 1 or 2 persons to have concluded that they are whales, but came from massive investors.

Although I suspect FOMO, probably one person with big funds causes little big increase and people got scared and started investing, thinking the BULL has come, I invested too the moment I started seeing the speed, I didn’t want to miss out from the bull, so I think FOMO played a very big part in the price increase.

What kind of an explanation can there be without any reason? Someone's movement caused the others to move and we are at a good price today. But, such movements are required to increase in such cases. Because, as the inaction continues, everyone starts to sleep.

pieppiep

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news of the existence of halving, is one reason the price of bitcoin will soon increase. moreover with the romur bull run discussed by many people with various good news underlying it.

it's true that a bull run can have a good influence on the price of bitcoin in the exchange but I see the price of bitcoin will not be easy to increase prices without the support or demand in the market.

1Referee

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Quote from: moynul2050 on April 16, 2019, 09:25:54 AM

moreover with the romur bull run discussed by many people with various good news underlying it.

Lol. Just because people are talking about a bull run, doesn't mean it will actually happen. If that was the case, we would have seen a massive bull run last year, because every newbie and self claimed expert was talking about it, but we went down hard instead. If people become overly optimistic, it's more likely that we'll head to the other direction. Dumb money has always been a reliable counter indicator.

Also, good news in a bear market has no relevance with how the bearish sentiment instantly nullifies anything of positive nature. The only news that people are waiting for is an approval of Bakkt or an ETF, everything else related to Bitcoin's fundamentals is not of interest to them because it doesn't affect the price positively in the near term.

moynul2050

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news of the existence of halving, is one reason the price of bitcoin will soon increase. moreover with the romur bull run discussed by many people with various good news underlying it.

eaLiTy

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Before the halving the price of bitcoin will keep on increasing which we see from the recovery phase we are in right now, since the beginning of bitcoin market we are seeing the same trend, and another reason is due to high demand for bitcoin since this is literally a new market place and there is more chance for the price of bitcoin to have a huge leap because of that and we might see huge financial institutions investing their money in the market which will have an impact in the market.

ajqjjj

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I suspect we have reasons for the price bump in the marketplace growth for bitcoin and altcoins.

Here are sum which I feel perfect reasons for the growth.

Increase of circulation and volume.
High number of adoption over the month
whale investment
World Giants investment on bitcoin

omonuyak

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Quote from: Pab on April 09, 2019, 01:20:06 PM

Below article from my favorite press showing what can be reason of crypto currencies market rise.I can add that exactly 28 March Mario Draghi confirmed that yet another EBC QE
During QE cycle investors are making huge money by investing in emerging assets
Bitcoin specially now is most profitable asset in the world

TRUMP CALLS FOR EXPANSIONARY POLICY
The crypto rally matched shoulders with the stock market performance in the mainstream. The S&P 500 Index last week reclaimed its January 2018 highs. Though the S&P 500 and the cryptocurrency market do not correlate directly, both the markets lately reacted to what was happening in the US economic space.

A potential QE program typically leads to a stock market pump. Market participants like the thought of more dollars coming into the economy, which leads them to offload them into stocks with bullish sentiments. That also means that investors could look beyond conventional financial instruments, like bitcoin, to distribute their portfolio risks. As a result, more money flows into the emerging cryptocurrency space.

https://www.ccn.com/185-billion-crypto-market-storms-to-2019-high-as-trump-demands-rocketship-us-fed-policy

As for now in Central Banks We Trust and mr Trump

And Fidelity report showing interesting in crypto from various institutional investors

https://www.ccn.com/2-46-trillion-asset-manager-fidelity-packed-with-hundreds-of-rabid-bitcoin-fans?utm_content=88109849&utm_medium=social&utm_source=twitter&hss_channel=tw-1045309052270641152

With all this event and development I do believe that the market is going to perform well this year. It has started and we are seeing strong indications of price continue going up. I believe that now should be the right time for us to invest into the cryptocurrencies market and make money in some months and years to come.

manfredmann

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Wow this is really indeed a good reason to pump up the project. For sure Us People will be going to like cryptocurrency and that would definitely.will. let these people.to invest in cryptocurrency.

Besides there are other american folk that has been always wanting to.join.in cryptocurrency. Now, this is their that we could have pump up and liquiduty.

Pab

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Whatever will happen bitcoin halving is main event and will have biggest influence on price
All the rest will be something additional.Last year additional was bitcoin forks
That year hard to say maybe Facebook will like to make some additional money
Don't forget that FB is asking for 1 bln funding to develop his coin
So i guess investors will get FB coin for his investing
If i will invest in FB coin then after i will buy btc becouse of halving
But that is my speculation
Now price is switching up and down but not so much indeed
Patience is key.It looks like accumulation on higher level can take time

CandyIzDelicious

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I think the reason for bitcoin going up in the future is that many migrants buy cryptocoin and also old investors will buy again when the signs of rising prices have emerged, then the market volume will increase so that it will push up the price of bitcoin.

BlueStackz

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Quote from: gabmen on April 13, 2019, 01:43:36 AM

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

What could be the reason though for that to happen this time around? I'm reading a few comments talking about the halving necxt year but that seems a little distant to have that much effect now. Sec approval? I don't think so. Whales starting a fomo? Probably.

The increase was nothing so special, it was bound to happen, the reason why it came as a surprise was because of the time frame, it was so fast that it looked as if there was a force that pushed many people into making these decision at once, the reason why some of us are sure for now is because this increase didn’t come from just 1 or 2 persons to have concluded that they are whales, but came from massive investors.

Although I suspect FOMO, probably one person with big funds causes little big increase and people got scared and started investing, thinking the BULL has come, I invested too the moment I started seeing the speed, I didn’t want to miss out from the bull, so I think FOMO played a very big part in the price increase.

SvonioneFromMangoCoinz

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I used to know a lot of stock investors. They usually will not invest in the stock market in Q3. They will withdraw capital and invest in crypto market because they know that the crypto market will have tremendous purchasing power in Q3. If you do not believe me, you can check the chart of 2 years ago. Wink

ajaymukund

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Your opinion may also be true. I think there will be many securities investors participating in the crypto market now. because they know that the crypto market is always growing and most active at Q2 and Q3. they will not want to have interest rates of 1-3% per month, they will have to move to the crypto market to get higher interest rates.

Jocuserious

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More Investors were socked in bitcoin failed values when it was near $3k. Many people thought Bitcoin would go down a lot but this month Bitcoin value has increased again. In fact more investor prices are paid at this time. I guess it now some old investor or new investors come in their investment planning. This think Bitcoin value increase showly day by day.

gabmen

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Quote from: davinchi on April 12, 2019, 09:00:07 AM

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

What could be the reason though for that to happen this time around? I'm reading a few comments talking about the halving necxt year but that seems a little distant to have that much effect now. Sec approval? I don't think so. Whales starting a fomo? Probably.

Pab

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Quote from: Rajamuda on April 10, 2019, 11:24:24 PM

Here the point is the number of users and enthusiasts is increasing, anyhow the price movement, of course it is very easily influenced by the interest of many people in Bitcoin. Moreover, the advantages of bitcoin are increasingly highlighted because there are so many benefits for economic life or improving the finances of everyone who wants to be close with Bitcoin/crypto.
And when the state recognizes the existence of bitcoin or supports the existence of bitcoin, I think the longer it will be increasingly followed by other countries related to helping or advancing the economic life of its people.

So true of you, but the only concern I have been having is the way people now interpreted cryptocurrency to be, they see it as only investment too and the existing ones too that are creating these awareness are not helping the new users and enthusiast to see cryptocurrency beyond the investment part.

So, I am thinking that could be the problem why we are seeing all these rise and crash, people investing to see profit and at any slight show of profit thy, remove their money and then we witness a decrease, this shows we have more of investors as users, that institutions using it for utility tool.

Fiat money have a lot of use cases but people still gamble on forex,4 trillion dollar 24/7 market

davinchi

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Quote from: Rajamuda on April 10, 2019, 11:24:24 PM

Here the point is the number of users and enthusiasts is increasing, anyhow the price movement, of course it is very easily influenced by the interest of many people in Bitcoin. Moreover, the advantages of bitcoin are increasingly highlighted because there are so many benefits for economic life or improving the finances of everyone who wants to be close with Bitcoin/crypto.
And when the state recognizes the existence of bitcoin or supports the existence of bitcoin, I think the longer it will be increasingly followed by other countries related to helping or advancing the economic life of its people.

So true of you, but the only concern I have been having is the way people now interpreted cryptocurrency to be, they see it as only investment too and the existing ones too that are creating these awareness are not helping the new users and enthusiast to see cryptocurrency beyond the investment part.

So, I am thinking that could be the problem why we are seeing all these rise and crash, people investing to see profit and at any slight show of profit thy, remove their money and then we witness a decrease, this shows we have more of investors as users, that institutions using it for utility tool.

Pab

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By watching recent dump we can see that bitcoin is in strong hand
6% correction from yesterday high is not much
And we have news that Harvard pension is investing 5 mln in bitcoin through some crypto fund.And best news for me New York-based Flexa
So Bakktis not yet here but in May we can have large platform Flexa what will make possible to spend crypto at their favorite deli coffee shop or other product

https://www.theblockcrypto.com/2019/04/11/a-company-thats-trying-to-bring-crypto-spenders-and-merchants-togethers-snags-14-million-from-big-ticket-investors/

As for the future of what Spalding hopes to accomplish, he said the firm’s ambitions are to serve as a hub between cryptocurrency projects, merchants, and customers.

“A project will be able to come to us and say I want to be able to use your services, like Stripe, they can download the SDK, and spend their tokens through our system.”

creeps

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Quote from: amonymous on April 11, 2019, 11:18:27 PM

Quote from: Adriano2010 on April 09, 2019, 03:02:32 PM

I think the bitcoin will go up more for a simple reason, more people will buy it, and also old investors will again invest on it and will wait for a bull run, and also most think buy this year and not next year when halving coming.

Yes, bitcoin will go up for something reason, If the old investor and new investor come back again and buy Bitcoin more. Bitcoin purchasing volume has increased significantly for some time now. Just wait for the jump and go to the moon.

Just like the recent pump where no one knows the specific reason of a pump in just one day. A lot of reasons can be made but its hard to prove it, I feel the excitement in the market right now and as long as the price is getting high I’m good with it. We only need to wait, and the rest of this bitcoin will do what is better.

adzino

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Quote from: markstivn98 on April 11, 2019, 03:37:41 PM

I do not think this increase is related to this.
The real reason is probably increased demand and increased purchasing.
And that digital currencies have become popular.
In the coming days, it will rise further because it will reach all people.

Increased "demand" and increased "purchasing" isn't the real/actual cause behind the increase of the price. There is a reason for which the demand has increased. Now, this reason can be considered as the real reason of the price rise.
Fortunately, bitcoin and other crypto currencies don't need any kind of specific reason for the price to increase. The market is totally unpredictable and we never know what is going to happen. One of the reason of unpredictability is because of price manipulation. If the price starts to sky rocket all of a sudden, then there is a high chance that the price is rising due to the market being manipulated.

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Quote from: jjjfff on April 09, 2019, 10:50:04 PM

Quote from: mu_enrico on April 09, 2019, 10:40:17 PM

Is this will be the last push for BTC before got rekt again? Many bagholders who bought at $15K-$20K would sell their BTC to recover their losses at that level. It would be interesting if we see that BTC could rise past ATH.

I don't think it'll be the last push.

Bitcoin is here to stay. There'll be cycles, up, down, crash hard, rocket hard.

C'mon mate we all know about that, what I meant was not "last" per se.

Quote from: btc_angela on April 10, 2019, 12:01:24 AM

Last push could be $30K before we all get REKT again, lol.

You got the idea Grin

Being here for two years make me getting used to these ups and downs. Oh well, I'll try to be more positive for the next rally for the greater good.

Naida_BR

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In my opinion, this is a good potential for the cryptocurrency market.
I think that bitcoin can be benefited if the stock market will start to have a downturn and a price drop.
There is a high possibility if we see an economic crisis or a stock crisis to see a new flow of funds to the crypto market.

Lucius

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Quote from: sunsilk on April 11, 2019, 04:31:08 PM

That's where I'm putting all my hopes for the upswing by 2020 and comes with the different positive speculations from those 'analysis' that were published within different crypto news channels/websites. Bakkt launch last year was very popular until it was delayed, people get tired of it but the impact would be good IMO but I don't rely on it anymore unless we see it's main impact.

I like your optimism about SECs approval, you made me think that yeah they'll eventually approve it when everyone, every institution will start talking about bitcoin, crypto's, as in everywhere.

Halving mining reward in 2020 will most likely have an impact on the price. But we should bear in mind that in short-term is only about the psychological effect which will cause FOMO before halving, and in long-term ( +/- 1 year) could be the cause of new bull run (based on 2016 halving).

I like people like Tim Draper, he is focused on long-term predictions (3-4 years), and he was predict back in 2014 that price of 1 bitcoin will hit 10 000$ in next three years, which of course happened. A year ago he announced its next prediction, 250 000$ by 2022/23, and this was very brave from him - number is very big, and viewed from today's perspective does not look very realistic.

But he obviously understands how the system works, and that institutions will accept bitcoin sooner or later, as a means of payment, but also as a store of value. Bitcoin ETF will undoubtedly play a significant role in this process, and I think SEC is just waiting the right moment to make a positive decision.

What is important to understand is that great things do not happen overnight, bitcoin is still very young and new, but it definitely moves in the right direction.

amonymous

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Quote from: Adriano2010 on April 09, 2019, 03:02:32 PM

I think the bitcoin will go up more for a simple reason, more people will buy it, and also old investors will again invest on it and will wait for a bull run, and also most think buy this year and not next year when halving coming.

Yes, bitcoin will go up for something reason, If the old investor and new investor come back again and buy Bitcoin more. Bitcoin purchasing volume has increased significantly for some time now. Just wait for the jump and go to the moon.

andriarto

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Quote from: akram143 on April 11, 2019, 06:11:27 PM

The main reason from the people to get the next Bull Run is waiting only because we are waiting from a long period of time to get a fuse profit for investment so it will be more difficult to gain the profit in recent years and something will be changed it is important and it will happened now.

right, for those of us who don't have the funds anymore, of course waiting and being patient is the best choice, now the price has started to improve, but there is a correction again, because it is approaching the resistance area for bitcoin. hopefully the defense can be penetrated

lutfi-hasan

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The main reason Bitcoin will go up next in my opinion is because it will approach Bitcoin Halving which will happen in 2020, so prices will increase again, so I look forward to it and continue to collect Bitcoin from now on.

akram143

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The main reason from the people to get the next Bull Run is waiting only because we are waiting from a long period of time to get a fuse profit for investment so it will be more difficult to gain the profit in recent years and something will be changed it is important and it will happened now.

hotimbineh

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Quote from: daarul50 on April 11, 2019, 05:33:19 PM

Bitcoin price increases are always accompanied by the emergence of some good news including news that you pinned in this thread. I don't really predict the price of a news factor because I think that the price fluctuations in the crypto market are purely from the activities that occur by users and the increase is likely to continue if many investors and traders start entering the crypto market.

I agree with you that the market changes due to increased transaction activities and we cannot avoid that positive / negative sources of news can also affect market activities so that prices rise / fall

daarul50

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Bitcoin price increases are always accompanied by the emergence of some good news including news that you pinned in this thread. I don't really predict the price of a news factor because I think that the price fluctuations in the crypto market are purely from the activities that occur by users and the increase is likely to continue if many investors and traders start entering the crypto market.

playboy654

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I think the most important reason is the value will be falling from a long period of time if it was again continued to develop thena huge wide chance open for the Bitcoin to invest from the people and get the success easily then only it will develop when the demand increases.

mersal

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The rise needed only simple things and it will don't have the exact value for that to make it more valuable and the simple reasons will always make the value for the Bitcoin to wear bigger opportunity to go up and I think this will happen in this Crypto market right now

sunsilk

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Quote from: Lucius on April 11, 2019, 04:26:40 AM

Quote from: Pab on April 10, 2019, 05:23:02 AM

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

The fact is that halving 2020 will not have any delay, and this is something that most expected as the possible beginning of a new upswing. Although Bakkt launch is only a matter of time, its real impact on crypto still can not be defined as something very positive or just another step in adaptation of cryptocurrency. Their vision is to provide institutions and people to use crypto in a simpler and safer way. Regarding SEC and ETF, it is just a process that will probably take another few years, but will eventually result in a final approval.

Over the past few years, it has been shown that some experts have no idea about crypto when they make their statements, but some others give long-term predictions which have come to fruition, whether they only have luck or have knowledge and nose for the job the time will show.

That's where I'm putting all my hopes for the upswing by 2020 and comes with the different positive speculations from those 'analysis' that were published within different crypto news channels/websites. Bakkt launch last year was very popular until it was delayed, people get tired of it but the impact would be good IMO but I don't rely on it anymore unless we see it's main impact.

I like your optimism about SECs approval, you made me think that yeah they'll eventually approve it when everyone, every institution will start talking about bitcoin, crypto's, as in everywhere.

markstivn98

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I do not think this increase is related to this.
The real reason is probably increased demand and increased purchasing.
And that digital currencies have become popular.
In the coming days, it will rise further because it will reach all people.

dominos

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I think the next reason for upward movement of BTC price would be from adoption not from politics - todays example Coinbase cryptocurrency card for worldwide usage of you cc on coinbase acc.

Sum24

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Quote from: nur rochid on April 10, 2019, 08:50:20 PM

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

Most of really good traders see that we are on critical level
By many of them if btc will pass 5260 K then bull run will begin
Anyway respond to China ban classic fud was really good

Now recently china has removed the ban on use of crypto currency as there are so many places in china where people used crypto specially the bitcoin which made the price rise in market, actually price is directly connected to the demand and when demand raises the price rises automatically. New investors are making price higher.

RokokGudangGaram

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Quote from: ?? on ??

Quote from: Lucius on April 10, 2019, 08:29:05 AM

There are, of course, some other possible reasons, and they include next halving, Bakkt, bitcoin ETFs and some so-called experts who make their speculations on a daily basis for the purpose of self promotion.

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

right, at that time there were many who predicted that at the end of the year prices would rise, but in reality it was different, in fact bitcoin was like in the valley, I should hope that good news happened, and our hopes were fulfilled

we only can make prediction that could happen or not.market moved very dinamic in every second , suddenly rise and drop alot.but we have to keep our optimism till market recovered to all time high.

and we must also be sure that the market will soon experience a good price increase so that with the help of large investors it can also make the market experience a rapid rise again

herurist

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Quote from: Commitments on April 10, 2019, 09:41:51 PM

Bitcoin will back to higher again maybe after the end of all bad news about bitcoin and altcoin, we need about two months later for seeing bitcoin could raised above $20,000 and keep holding your bitcoin for every moment.

With two months of bitcoin rising to $ 20,000 it is not possible that it will take a long time too, now prices are down so you can buy bitcoin at a low price and sell at the expected price.

gantez

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I am searching for the next reason on the area of blockchain and lately, the blockchain is becoming even more important with gambling. I see it is been adopted rapidly and where blockchain is important, bitcoin too gets some hype.

Lucius

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Quote from: Slow death on April 10, 2019, 09:53:31 PM

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

The fact is that halving 2020 will not have any delay, and this is something that most expected as the possible beginning of a new upswing. Although Bakkt launch is only a matter of time, its real impact on crypto still can not be defined as something very positive or just another step in adaptation of cryptocurrency. Their vision is to provide institutions and people to use crypto in a simpler and safer way. Regarding SEC and ETF, it is just a process that will probably take another few years, but will eventually result in a final approval.

Over the past few years, it has been shown that some experts have no idea about crypto when they make their statements, but some others give long-term predictions which have come to fruition, whether they only have luck or have knowledge and nose for the job the time will show.

Rajamuda

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Here the point is the number of users and enthusiasts is increasing, anyhow the price movement, of course it is very easily influenced by the interest of many people in Bitcoin. Moreover, the advantages of bitcoin are increasingly highlighted because there are so many benefits for economic life or improving the finances of everyone who wants to be close with Bitcoin/crypto.
And when the state recognizes the existence of bitcoin or supports the existence of bitcoin, I think the longer it will be increasingly followed by other countries related to helping or advancing the economic life of its people.

alonelyorange

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Bitcoin have chance to higher price and always keep higher by many investor always invest their money in bitcoin and altcoin, just wait and see when bitcoin is growing up and keep higher price next moment.

dothebeats

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Quote from: Pab on April 09, 2019, 01:20:06 PM

And Fidelity report showing interesting in crypto from various institutional investors

if memory does not fail me, last year we heard the same story: "institutional investors have been interested in entering the crypto market". But I did not see any of this happening and I did not see the price increase... I believe that with the news of the CBOE

CBOE Will Not List Bitcoin Futures in March, Cites Need to Assess Crypto Derivatives

people became more optimistic they started buying bitcoins.

Perhaps this is due to them meddling with OTC markets? For sure, the institutional investors have long considered buying bitcoin and other cryptocurrencies even before the boom of 2017, and have taken precautionary measures to not disturb the market while everyone thinks we're just heading for the bottom of the pit. If you believe that institutional money is not yet here in the cryptospace, you might have a limited view of how things work for these hungry-for-money lads. They'd do everything to get the maximum profit possible without everyone else knowing, and so the slip down to $3000 levels was intentional and all these guys did was to accumulate while they can.

Slow death

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Quote from: Pab on April 09, 2019, 01:20:06 PM

And Fidelity report showing interesting in crypto from various institutional investors

if memory does not fail me, last year we heard the same story: "institutional investors have been interested in entering the crypto market". But I did not see any of this happening and I did not see the price increase... I believe that with the news of the CBOE

CBOE Will Not List Bitcoin Futures in March, Cites Need to Assess Crypto Derivatives

people became more optimistic they started buying bitcoins.

Gaff

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Quote from: Mometaskers on April 10, 2019, 11:17:48 AM

I wonder if that mystery whale who made those large orders that some point out is the reason for the spike is privy to policies being cooked up in the White House. It's like someone really want it to go bullish again and willing to initiate it.

OK, I'll remove my tinfoil hat now. Grin

If this QE would make people more optimistic in putting money in non-traditional investments then good. Most of us here are poised to surf the wave anyway.

For this time of seeking a good reason for the price to go upward trend, I guess many good factors had been mentioned here. More coming demands is one of the best factors in order to achieve a possible price growth as well. Furthermore, if there's another best thing to make that faster I think ETF approval is next one to help the price quickly arise as soon as possible. Many people thought that this would contribute to Bitcoin's development, and when this turned out successful we will be able to reach another price pumps towards higher value.

Commitments

member

Activity: 532

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Bitcoin will back to higher again maybe after the end of all bad news about bitcoin and altcoin, we need about two months later for seeing bitcoin could raised above $20,000 and keep holding your bitcoin for every moment.

nur rochid

full member

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Quote from: Lucius on April 10, 2019, 08:29:05 AM

There are, of course, some other possible reasons, and they include next halving, Bakkt, bitcoin ETFs and some so-called experts who make their speculations on a daily basis for the purpose of self promotion.

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

right, at that time there were many who predicted that at the end of the year prices would rise, but in reality it was different, in fact bitcoin was like in the valley, I should hope that good news happened, and our hopes were fulfilled

Siti Nurbaya

jr. member

Activity: 490

Merit: 1

We can see an increase and give the market more enthusiasm, the possibility that the old investor will be active and play every period, this makes the crypto season green again. The news seems normal and there is no thing that can give a full surprise. In the market, these investors are returning to the spirit to continue to get profit

sunsilk

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Quote from: Lucius on April 10, 2019, 08:29:05 AM

There are, of course, some other possible reasons, and they include next halving, Bakkt, bitcoin ETFs and some so-called experts who make their speculations on a daily basis for the purpose of self promotion.

I'm leaning obviously with halving but not anymore with Bakkt's and other bitcoin etf proposals. SEC keeps on delaying those proposals and I can't say on what they really want, are they adding flavor and salt to make it more exciting for the community or they really don't have plans to approve any of them.

Those experts who keeps on predicting a good price for bitcoin really wants to get their names called out for each article that can add reputation and promotion for them. But like any other predictions of 2018, I haven't seen any of them successfully predicted the market, at least few some from the past.

coinplus

legendary

Activity: 1386

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I am not entirely sure this will result with bitcoin price directly. I mean it is great that there are investors who are looking to invest once again after the bear run, this was a very quick recovery and nothing like 2008 which sounds amazing because otherwise would be very dangerous for the whole world. However just because the market recovered and there are people with money in their hands asking where to invest doesn't mean it will be directly to bitcoin, of course there will be some investments here thanks to this but its not going to be a huge huge number.

Even if we could get the 10% of this excess money the price would skyrocket like hell to 50k! so consider the fact that bankers would like to put that type of amount into something more stable and not something so volatile as well. Could it happen? Maybe. Is it certain? No.

ausbit

legendary

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Quote from: Pab on April 10, 2019, 05:23:02 AM

Most of really good traders see that we are on critical level
By many of them if btc will pass 5260 K then bull run will begin
Anyway respond to China ban classic fud was really good

LOL, that’s funny. This is the same way they said that if the price should get pass $5,145 that there will be a bull run, now we are currently at $5,285 and you’re still talking about bull run coming when it gets a bit above. Okay, I do believe that bull run is coming, but all these analysts are just making noise, and they are always wrong with their analysis.

Just this little uptrend can cause the price to start to increase as a lot of people will continue to invest their money as to not miss out from the gain they will make from the uptrend. The market keeps moving up and has moved from yesterday’s $5,245 to $5,265. Some analysts has claimed we will see it reach $5,900 before this month ends.

Mometaskers

hero member

Activity: 1764

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I wonder if that mystery whale who made those large orders that some point out is the reason for the spike is privy to policies being cooked up in the White House. It's like someone really want it to go bullish again and willing to initiate it.

OK, I'll remove my tinfoil hat now. Grin

If this QE would make people more optimistic in putting money in non-traditional investments then good. Most of us here are poised to surf the wave anyway.

Bdstar

sr. member

Activity: 728

Merit: 263

I believe price can go up when more people is investing on it.So, since BTC price is just 5.2K now comparing to last year It's very low now.So, intelligent investors will surely invest in bitcoin now for making profit.For this, I think the price can go up.Bitcoin was sustained for long time and now I think this is the perfect time to increase It's price.

marcelocoin

hero member

Activity: 1085

Merit: 500

hi =D

today the bitcoin has shown that it is a very good asset and new markets have opened after the acceptance of Bitcoin, and a question of time many altcoins will be in the market, once the bitcoin arrives at a high price and less accessible to people with little capital of investment!

Lucius

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There are many possible reasons why would price of bitcoin can go up, and maybe one of the most obvious is that that the accumulation process has ended (probably). If that is correct, whales are triggered recent price rise and reversed the sequence of events in their favor. This is something that is already known in history of bitcoin, and can be seen on the charts.

There are, of course, some other possible reasons, and they include next halving, Bakkt, bitcoin ETFs and some so-called experts who make their speculations on a daily basis for the purpose of self promotion.

Pab

legendary

Activity: 1862

Merit: 1012

It is also only a small amount of Stock exchange traders that has the knowledge to buy & sell bitcoins, most of them are traditional investors and old farts like Warren Buffet. Wink

This is the reason I think that huge orders are one of the factors that pushes price up because the market gets quiet until after sometime you see a serious rally and price goes up. This time around, I hope the bull gets sustained.

Most of really good traders see that we are on critical level
By many of them if btc will pass 5260 K then bull run will begin
Anyway respond to China ban classic fud was really good

Gozie51

hero member

Activity: 2660

Merit: 630

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