Topic: Real Reason Why Bitcoin Price Shot Up Today (Read 1987 times)
These news were mildly exciting but nothing so huge, BTC for years now have been almost completely non correlated to news. The days when every article on China had huge impact on BTC is long gone. IN addition, there have been so many different news from China postive and negative that this piece of news could be overturned very soon.
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
Quite possible that we're just having a bubble right now. But we'll still see if it would hover around a little below $10k or it would burst back to somewhere $8k. We're all just speculating the reason's why and the news regarding China may also be possible, but more unlikely than the article's author point of view. I still wish it would just go sideways and does not dip back down, we might see another great time for bitcoin.https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
A statement by the Chinese president that this country will strive to become one of the leaders in introducing blockchain technology cannot be the real reason for the last sharp increase in the price of bitcoin. There is no relationship between the recognition of blockchain technology and the recognition of cryptocurrency. I do not know a state that would not now recognize the revolutionism and perspective of the blockchain. Nevertheless, some of them prohibit or restrict the circulation of cryptocurrencies. In addition, the Chinese government has always recognized blockchain technology and there is nothing new in the statement of the president of this country.
The reason for the rise in the price of bitcoin is either different, or it does not exist at all. There were a number of coincidences that led to such an increase.
We cannot completely throw away that and I would not also say that the move was completely dependent on the statement, but you know what happened when there were rumor that china wanted to ban mining, and how we all carried the news here and talking of what effect it will have, it was just a statement then that made the news to be all over the internet. The reason for the rise in the price of bitcoin is either different, or it does not exist at all. There were a number of coincidences that led to such an increase.
Looking at this statement, it is also a positive statement that is encouraging because we have so many people that has been skeptical about bitcoin, because they don’t know I any policy by government would have bad effect on it, and seeing this statement from one of the world's leader, it could actually pass some level of message down to people and motivate them just like it did to me.
it has nothing to do with anything and doesn't really require any kind of reason whatsoever.
it is a simple recovery that because bitcoin was undervalue it happened in a fast and big manner within a very short time. have you forgotten how the price shoot up happened this year when price first broke $4k levels? that is being repeated today once again!
So the bitcoin is actually having another bull run not because of China's President announcement. Well, many people in the cryptocurrency community including myself thought the bitcoin price is halving due to the Chinese government's plan to start adopting blockchain technology. Ok, now I get a clear vision of what is going on in the cryptocurrency market. it is a simple recovery that because bitcoin was undervalue it happened in a fast and big manner within a very short time. have you forgotten how the price shoot up happened this year when price first broke $4k levels? that is being repeated today once again!
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
Bitcoin price have up today because China effect, they want to legal using bitcoin as transaction payment and give many respond from investor to buy and hold bitcoin where bitcoin price increase more than 20% just few minutes after China president's announce with legal adoption blockchain and bitcoin as transaction, they have ready for legal using bitcoin and allow by other country in the future. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
Honestly no one exactly knows the reasons why Bitcoins slightly make a pump however, I do believe that Xi's announcement became an impact or a became a fuel to ignite an increase movement. Remember China's decision has been a big factor in Market way back 2017. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
the current movements lift the value to rise high. Not sure what the reason of dumped either before this bounced happen though, there's no
clarifications if this moves is just because of fomo's or artificial pumped from big holders who knows when to ride with situations.
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
Never stop how China president's when announcing with bitcoin will adopted in China and make price of bitcoin up suddenly, maybe is China have really make bitcoin legal transaction maybe few next day bitcoin price will growing up and have higher price again, many investor enjoy the moment when China president's announce with bitcoin and altcoin become legal transaction and have best investment assets for the future. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
A statement by the Chinese president that this country will strive to become one of the leaders in introducing blockchain technology cannot be the real reason for the last sharp increase in the price of bitcoin. There is no relationship between the recognition of blockchain technology and the recognition of cryptocurrency. I do not know a state that would not now recognize the revolutionism and perspective of the blockchain. Nevertheless, some of them prohibit or restrict the circulation of cryptocurrencies. In addition, the Chinese government has always recognized blockchain technology and there is nothing new in the statement of the president of this country.
The reason for the rise in the price of bitcoin is either different, or it does not exist at all. There were a number of coincidences that led to such an increase.
The reason for the rise in the price of bitcoin is either different, or it does not exist at all. There were a number of coincidences that led to such an increase.
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
Honestly no one exactly knows the reasons why Bitcoins slightly make a pump however, I do believe that Xi's announcement became an impact or a became a fuel to ignite an increase movement. Remember China's decision has been a big factor in Market way back 2017. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
This could actually be a reason behind the sudden increase in the market value of bitcoin but i strongly doubt that it is the real reason. With sudden price increase of bitcoin, the real reasons are most times difficult to really tell or conclude on. There are always thousands of reasons why people think caused an increase in the price of bitcoin. It is very difficult to understand what the real cause of the increase of bitcoin...
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
This could actually be a reason behind the sudden increase in the market value of bitcoin but i strongly doubt that it is the real reason. With sudden price increase of bitcoin, the real reasons are most times difficult to really tell or conclude on. There are always thousands of reasons why people think caused an increase in the price of bitcoin. It is very difficult to understand what the real cause of the increase of bitcoin...
By the way, this time there was nothing but the news about Bakkt and the successful close of BitMEX short positions, so it was understandable what happened
I'm sure it's related to Bitmain leadership drama.. Especially with such a surge in BCH. Let's see how it end, since there are a lot of questions to be answered in this case..
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
This could actually be a reason behind the sudden increase in the market value of bitcoin but i strongly doubt that it is the real reason. With sudden price increase of bitcoin, the real reasons are most times difficult to really tell or conclude on. There are always thousands of reasons why people think caused an increase in the price of bitcoin. It is very difficult to understand what the real cause of the increase of bitcoin...
I think just mentioned the reason why bitcoin recently got pumped to $10.000 even though it went down again a little bit (likely a price adjustment). It can be also because of China, as always, even though IMO China could be a threat to Bitcoin in the future (from the latest update - hasten blockchain adoption).
How exactly will China ever be a threat to BTC? They have banned crypto multiple times and BTC still thrives. Many countries including China are embracing blockchain adoption which is a good thing and their centralized currencies will never pose a threat to BTC in my opinion.China has banned crypto mining and Bitcoin, but they want to adopt Blockchain. Do you remember when Bitcoin was not invented? Without Bitcoin, how would blockchain be? No one will know what blockchain is, no one cares.
And you must got your own answer, it could be a threat if China don't use Bitcoin and prefer to use their own currency.
Bitcoin is invented > Blockchain is popular
Bitcoin is banned > Blockchain adopted > Bitcoin could die
That simple!
As for me, China's announcement has also an impact on the price of Bitcoin. We all know that it could attract more investors, especially in China. However, it is already given that BTC is volatile so we must expect the price change anytime. It's just a good thing that BTC is on its recovery process. Let's just expect the best on the coming days
Yes, because a China is a largest population and a lot of business in China where they can have a large impact from Cryptocurrency from banning it into legalizing Cryptocurrency.
But there are some countries can get to increase the price of bitcoin. Also not all the country does not know about the bitcoin.
As for me, China's announcement has also an impact on the price of Bitcoin. We all know that it could attract more investors, especially in China. However, it is already given that BTC is volatile so we must expect the price change anytime. It's just a good thing that BTC is on its recovery process. Let's just expect the best on the coming days
Maybe it is just a coincident. China had never made an announcement that supported Bitcoin. So there is nothing from the news that will make Bitcoin price to shoot up. Bitcoin market moves on its own, see the previous good news about BAKKT but the price move on the opposite direction. Some say that the previous dump were manipulated and since they cannot sustain the dump, the price of BTC moves back on its actual price.
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
I think depending of the time the bitcoin already get enough of time to recover from a big loss in the pass year. I guess it will slowly recover and returning to a big price in the market but also just like what happened before a lot of investors will get hype in the high price of bitcoin in the market and the supply of the bitcoin will go down causing for the price of bitcoin to go down again. Still a big risk investing your money in bitcoin or alternative coins. https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
It fascinates me that one single announcement can significantly affect and impact the price of bitcoin in the market. This goes to show on how political agendas and decisions can affect its price and utilization on the market. Along with the news about China, countries who know that has an impact on bitcoin can indirectly manipulate the price.
I don't think that there should be always good or bad news to affect the price of Bitcoin. So, I think this is just a normal behaviour of Bitcoin. We have seen so many rise-and-fall scenarios before. In my opinion, this is like that too.
You have to consider that there is a wide consideration that needs to be understood in affecting the price of bitcoin, and political decisions/agenda are one of them. Treat every rise on its price as an opportunity to invest more for either short/long-term investment.
The real reason why bitcoin price shot up today may have nothing to do with China's president announcement that they may reserve the blockchain and crypto exchange ban. Read this article about the real reason and let me know what you think.
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
https://www.cryptozink.io/real-reason-why-bitcoin-price-shot-up-today-china-crypto-news/
I don't think that there should be always good or bad news to affect the price of Bitcoin. So, I think this is just a normal behaviour of Bitcoin. We have seen so many rise-and-fall scenarios before. In my opinion, this is like that too.
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