Topic: Reason of increasing bitcoin price (Read 3293 times)
The recent price rise is not because of a single reason and there are a culmination of events to get the price to where it is now,legalizing bitcoin from Japan and other countries saw some investments pouring into bitcoin ,then we heard abt the SEC news,economic issues world wide and war scares,all of these events might have resulted in the price rise.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
As long as there is some demand for bitcoin, the price should rise over time because of the limited supply. The recent increase are hard to explain. It could just be that more investors are starting to get interested in it.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
No one can predict the price hike of bitcoin. There are many factors affecting the pricing of bitcoin. 100% chance of success to get profit from it is impossible.
For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.
I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.
Legalizing bitcoin in Japan really bring a heavy impact to the bitcoin price and can consider as one of the reason why we are sitting today at above $2,000. But it doesn't mean because of that, we can say that more countries following the same path. Can you tell me one country who follows the same just because Japan did a thing?
The actual reason for a country to accept bitcoin is not because they saw other countries accepting it but because they conclude an ouput by analyzing all positive and negative thing that bitcoin can do once it was legalized and can be used freely as a currency on a certain country. As far as I remember, it took years of study before Japan accepts bitcoin. Same with other country, still on progress of analyzing before it will officially accepted as currency to be used.
I think as far back as 2014, Japan has been studying about embracing bitcoin and making it legal to their country. I think the Mt. Gox incident has took them a back in their decision. And just last April they finally make it a legal tender. I think more liberal country will follow what Japan did, but it will probably takes years though because they really need to analyze every aspect of it, specially the financial impact it can bring to their nation. We just have to see what Australia impact as well on the ecosystem come July 1. We may see a new price surge as what Japan bring to the market when they legalized it. Japan has already started a tsunami, we will just have to wait and see if other country will follow it up.
The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.
you are right the reason of increasing price of bitcoin is adoption especially in japan. and there main reasons behind price of bitcoin is market trade. in market when there demand well increase then bitcoin price well increase.and now a day bitcoin demand are so increase and every one invest there money in bitcoin that why bitcoin price goes upwards. 
For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.
I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.
Legalizing bitcoin in Japan really bring a heavy impact to the bitcoin price and can consider as one of the reason why we are sitting today at above $2,000. But it doesn't mean because of that, we can say that more countries following the same path. Can you tell me one country who follows the same just because Japan did a thing?
The actual reason for a country to accept bitcoin is not because they saw other countries accepting it but because they conclude an ouput by analyzing all positive and negative thing that bitcoin can do once it was legalized and can be used freely as a currency on a certain country. As far as I remember, it took years of study before Japan accepts bitcoin. Same with other country, still on progress of analyzing before it will officially accepted as currency to be used.
For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.
I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
There is no easy way to predict bitcoins price, just follow the news and think of how many people are seeing that news and deciding to put money into bitcoin. The more mainstream it becomes the higher the price will go. There is obviously also a speculative value to it but that kind of pump is the one that usually gets dumped later. I'm of the opinion the current price rise is mostly due to wider adoption and only a little bit from the speculative side.
The main reason is the continuous increasing demand. However, the reason/s behind that includes many factors. The wide acceptance of bitcoin when Japan started accepting bitcoin as a mode of payment last April first. After that happening, we heard about the massive attack of a ransomware which alarmed the public and gained knowledge about bitcoin due to the attacks. Then currently, many popular news stations featured bitcoin via news report and that would made the public more aware of the existence of bitcoin. Also, we cannot set aside the efforts of some bitcoin users by propagating the knowledge about bitcoin through social media, personal talking, or in whatever way.
For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.
I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.
For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.
The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.
Not really, it's just mainly speculation at this point. While there is some value being generated by more countries seeking to allow for Bitcoin to become a currency used in daily life, a majority of the value we see is being pumped due to people buying to make sure they don't miss out if bitcoin goes to the moon, and then there are still whales investing in Bitcoin, although it is getting harder for them to manipulate the markets. 
The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.
I read about it too. Japan nowadays already legalized bitcoin. And I think this is the main reason why bitcoin price move up significantly. This could be a good reference for the future.
It's really difficult to predict the price of BTC in terms of USD . But there are some factors which affects it's price . One of the main factor of rising price of Btc is it's wide acceptance and adaptability .
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
No one can predict the price hike of bitcoin. There are many factors affecting the pricing of bitcoin. 100% chance of success to get profit from it is impossible.
The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
You can't predict it, noone can. You can only guess like everybody else. There is pure chaos in price discovery, so many factors that you can't predict them all so you can't predict price.
Its best random number, current price
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan. There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin. There is also some new about major company in Japan moving in to join Bitcoin economy. Aside from that, the announced SEC review on ETF decision is quite pushing the price too.
In predicting the price of bitcoin, we can have the news and certain action of big player in the industry. They are good reference for bitcoin price movement.
The BItcoin price is very high due to many factors, the high value of Bitcoin is also confirmed by many analysts. Bitcoin includes 3 elements as a currency, as a payment platform, and also a type of virtual property that is priced. Talking is a virtual property but it is already in the world. If gold is precious because of its rarity, the dollar is valuable because it is widely accepted, Bitcoin is valuable because of its popularity. More and more people are accepting Bitcoin payments, which in turn increases Bitcoin's value. There are a number of other factors that influence the price of BItcoin that increase is the Psychology of Japan and South America, with the Swiss Vontolbel effect.
The real reason is that Japan has started to accept bitcoin for their state so many people started to believe on bitcoin and so the demand of bitcoin increased and in this way the price of bitcoin increased because with demand we can say that the price increases.
Bitcoin prices are determined by the demand and supply indicators. There are factors that lead to a demand or a supply abdcwe can't find that out unless the demand is created by the number of sales of Bitcoin going on at a particular time.
Perhaps the reason is that in South Korea, India demand is soaring and very rapidly progressing bitcoin.
Yes I couldn't think of anything else either part from the growing demand from South Korea . Perhaps some people want to move their assets out of their he country on the quiet.
Perhaps the reason is that many require bitcoin so that prices always go up and in the market prices start to increase.
That is probably the main reason, the market always fluctuate according to the rule of supply - demand, when demand increases, the price will increase. But then the market will be unstable. The market is only stable when supply by demand. If you watch btc in the past period you will understand. After experiencing a significant price increase btc has fallen. The current market is stable and will remain to be maintained until a new factor make btc's prices fluctuate.I agree the current influx of demand is the acceptance of wealthy nations like Japan, Australia, and Russia to Bitcoin. They give way for their companies to invest in bitcoin and start a business with bitcoin. Aside from that the current update and light about scaling problem are also the reason why people demands Bitcoin.
Perhaps the reason is that many require bitcoin so that prices always go up and in the market prices start to increase.
That is probably the main reason, the market always fluctuate according to the rule of supply - demand, when demand increases, the price will increase. But then the market will be unstable. The market is only stable when supply by demand. If you watch btc in the past period you will understand. After experiencing a significant price increase btc has fallen. The current market is stable and will remain to be maintained until a new factor make btc's prices fluctuate. For me, bitcoin price is increasing because of its demand. In other countries bitcoin become increasing its users because of adoption is quiet progressive. And for sure now bitcoin price is increasing to its not expected amount.
yes the price of bitcoin has been increasing due to the demands of people as the price of bitcoin and the demand of bitcoin by the users is directly proportion to each other and also the price of bitcoin has increased due to the investors, as in this year the number users of bitcoin are very much increased therefore the price is also increased in this year and also people invested their money in bitcoin. 
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The actual reason of bitcoin's price is none other that us, the bitcoin users. We are the one who declares the price of bitcoin since it depends on the number of demand in the market. So the more we demand for bitcoin, the more the bitcoin's price increases.
Prediction is always inaccurate. No one can truly predict when will the price go down or up.
For me, bitcoin price is increasing because of its demand. In other countries bitcoin become increasing its users because of adoption is quiet progressive. And for sure now bitcoin price is increasing to its not expected amount.
Perhaps the reason is that in South Korea, India demand is soaring and very rapidly progressing bitcoin.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
It is hard to predict as to what will be the cause to the movement of bitcoins price in the market. But there are some clues that will tell us that something will happen. One thing that you should consider are the articles and news that talks about bitcoin. If you are reading constantly the latest news on bitcoin then you can interpret and tell as to what will be the movement of bitcoin. If the news are bad then expect that the value of bitcoin will go down, but if the viral news is good such as countries adoption of bitcoin then expect increase in bitcoins value.
I think it is because bitcoin become acceptable by government in big country like germany, japan, and australia.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
i don't remember germany accepting bitcoin as a currency but i could be wrong, where is your source for this? i searched around and only russia japan and austalia are accepting bitcoin and regulating like a fiat money
I think it is because bitcoin become acceptable by government in big country like germany, japan, and australia.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
i don't remember germany accepting bitcoin as a currency but i could be wrong, where is your source for this? i searched around and only russia japan and austalia are accepting bitcoin and regulating like a fiat money
I think it is because bitcoin become acceptable by government in big country like germany, japan, and australia.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
And also the news (opinion) about the bitcoin price will hit @4000 USD in this year become viral, and everybody really into it.
It is undeniable that the number of Bitcoin users in the world is growing rapidly, in addition to the minimal supply of bitcoint, but I do not think anyone can predict that bitcoint prices will rise or fall
Looks like demand is growing lately. Hit ath and isn't looking back.
Deregulation and new buyers with a lot of cash like hedge funds and independent nations.
Deregulation and new buyers with a lot of cash like hedge funds and independent nations.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
We can't predict the bitcoin price. But I think the reason why they dumped bitcoin price and pumped easily is because of the News. I think some people manipulate news and If there's a good news the bitcoin will pump, and If the news is bad the bitcoin dump.
That's will be more rissing, So answer's be pricing high 
For my opinios, Bitcoin will be increasing because we talking about money of future on technology.
How our lifestyle will grow in the modern
For my opinios, Bitcoin will be increasing because we talking about money of future on technology.
How our lifestyle will grow in the modern
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
We can't predict the bitcoin price. But I think the reason why they dumped bitcoin price and pumped easily is because of the News. I think some people manipulate news and If there's a good news the bitcoin will pump, and If the news is bad the bitcoin dump.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
I guess there is no such way to know what will be the next value of bitcoin, as long as people are continue in supporting it will continue rising. And its because many people are adopting bitcoin so we can expect the sudden rising of value at the moment. One is for sure that there is strong support for bitcoin so you cannot expect a dip in the price of bitcoin.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
We can't predict the bitcoin price. But I think the reason why they dumped bitcoin price and pumped easily is because of the News. I think some people manipulate news and If there's a good news the bitcoin will pump, and If the news is bad the bitcoin dump.
you can not predict of anything because you don't know what will be happened on next day, just you can guess, if you have the clear knowledge about that subject.
The increase of price in bitcoins is due to the mass adoption in all over the globe and you might have heard that japanese government have started using bitcoins and removed the taxes on bitcoins.
It is quite evident that it had led to the increase price of bitcoins,well another conformation from SEC is coming ahead on 15th of may ,well that even could have lead to the increase rate of price in bitcoins.
It is quite evident that it had led to the increase price of bitcoins,well another conformation from SEC is coming ahead on 15th of may ,well that even could have lead to the increase rate of price in bitcoins.
Increase in demand makes price go up. Bitcoin's supply is limited and follows publicly known formulas. Increased usage in a country like Japan increases demand for a limited supply.
The bitcoin holders ware increasing so the demand of bitcoin is increasing so the price also increasing with a not enough supply because the other bitcoin are not yet mine and you need to wait 4years to mined so that you can also controll the bitcoin that can exist.
Increasing demand of bitcoin in the community also the supply of bitcoin there are limit of bitcoin every four years to control the bitcoin and the bitcoin user are increasing so the demand of bitcoin is also increasing.
The supply of bitcoin is always limited to 21,000,000 BTC so you do not need any extra control to limit the bitcoin every four years,i do understand what you are trying to tell here,every four years there is halving in the number of rewards a miner gets for helping the blockchain,the user demand is the single reason the price of bitcoin is increasing.
Increasing demand of bitcoin in the community also the supply of bitcoin there are limit of bitcoin every four years to control the bitcoin and the bitcoin user are increasing so the demand of bitcoin is also increasing.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
We are rapidly moving towards mass adoption and everyone wants to have his/her share of bitcoin.This IMO is the reason but do not think that bitcoin not going to fall.A correction is on the cards. 
the only reason which is in my mind is the approval of japan for bitcoin in their country as with that approval the people of that country started to believe strongly on bitcoin and they started to invest in bitcoin if other countries will also approve bitcoin then the price will increase more higher.
I definitely agree with you, When countries start to accepting bitcoin like one of local currencies, then automatically bitcoin price will increase more. Because a lot of people start to use it, and then believe and trust it. Online and fast transactions without a lot of fees and anonymously. It's a great things for people. I Hope that many countries start to accepting bitcoin like a local currency in the near future.
the only reason which is in my mind is the approval of japan for bitcoin in their country as with that approval the people of that country started to believe strongly on bitcoin and they started to invest in bitcoin if other countries will also approve bitcoin then the price will increase more higher.
If legalizing bitcoin in one country could move the price of bitcoin this much just consider how much the price of bitcoin will reach when all the countries in the world starts legalizing bitcoin 
we might have to split down the coins further to accommodate the price, on a serious note i hope that the scaling issues will be settled and when we started seeing more investors the transaction gets stuck and without any changes to it the price wont have a major push,Japan legalizing bitcoin and SEC considering an ETF approval are the things that comes to my minds thinking about the price rise.
the only reason which is in my mind is the approval of japan for bitcoin in their country as with that approval the people of that country started to believe strongly on bitcoin and they started to invest in bitcoin if other countries will also approve bitcoin then the price will increase more higher.
If we could predict what the prices would be, all of us would be multi-millionaires. 
....Bitcoin is not predictable and this is how it should be.
There are Bitcoin Whales that might influence the price a bit, or even a group of them... but the outcome is never 100% what they might have
planned... so it carry some risk. Bitcoin is also not the only commodity/currency that are not influenced by Whales.
....Bitcoin is not predictable and this is how it should be. There are Bitcoin Whales that might influence the price a bit, or even a group of them... but the outcome is never 100% what they might have
planned... so it carry some risk. Bitcoin is also not the only commodity/currency that are not influenced by Whales.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
Bitcoin's price is actually based on the current demand for bitcoin as well as the current supply of bitcoin. The demand and supply are cross-referenced and with some computation, we will know the price of bitcoin. As based from the law of supply and demand, we will see an increase in bitcoin's price if the demand rose up but the supply, in circulation, is not enough to accommodate every demand. With this, we can say that bitcoin's price is unpredictable. We cannot say when it will increase and when it will decrease.
Nobody can actually predict what will be next market move but you can be sure that overall trend for bitcoin price will be uptrend. You can look at trading chart for last few years, you will only see bullish trend with occasional correction.
Actually this what confuse me a lot , how can i have right prediction about two or three market in the same time despite the trend around some of them . i failed many times due to follow the steps of spammers \hype around them . Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan. There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin. There is also some new about major company in Japan moving in to join Bitcoin economy. Aside from that, the announced SEC review on ETF decision is quite pushing the price too.
In predicting the price of bitcoin, we can have the news and certain action of big player in the industry. They are good reference for bitcoin price movement.
Well Earlier this year it was china who made Bitcoin price rise to nice heights and now Japan News of adapting bitcoin making it rise to another level. I wonder when more countries legalizes bitcoin how much greater impact it can bring to bitcoin price rise.
I can say(probably) that the rate of transition bitcoins had been in these previous years does have the biggest impact on what it is today. For there are people who were eager to help bitcoin develop further in order for it to maintain its status. Actually influence is not problem since everything the went viral(for most cases) can also influence other just like bitcoins, that when someone who normally not interested became the one who is using it.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
Actual reason of the price incresae is the demand, but what triggers the demand are vary and we can't pinpoint the accurate one. On the other hand, we can asssume what is the reason behind the increase or decrease of bitcoin price by taking a look at any possible news or events that currently revolving with bitcoin.
How you can predict it? No you can't. Your future decision will only be based on your own analyzation and guts to face the associated risks of buying and selling.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
In my opinion, no one can say authoritatively that this is the particular reason why the increase in price of bitcoin is being witnessed these days because there are several factors that work together for the advancement of a particular course. For me, I think it's due to adoption we see from Japan although the increase was not immediate as the news but this could be due to penetration which the increase is just reflecting after a while.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
I guess enough people have already told you the reason for present hype in price. So I would specifically come to second part. The clear answer is - impossible.No one in the whole world is capable enough to predict bitcoin pricing accurately. It is primarily because of two factors-
1. The number of buyers & sellers in market is numerous. So share of single buyer/seller is negligible and he is not in power to manipulate price. However, there are parties with big reserves of btc and are in power to drive prices but still they can't predict btc future rightly.
2. There are several short-run factors which unexpectedly drive up/down bitcoin prices. Such contingencies are generally unforeseen.
Nobody can actually predict what will be next market move but you can be sure that overall trend for bitcoin price will be uptrend. You can look at trading chart for last few years, you will only see bullish trend with occasional correction.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The actual reason of bitcoin price is, those some country that not accepted bitcoin is trying or started to adopt bitcoin. There new number of people that wanted to invest and that the reason why its increase and we can predict in that way.
There's no way to be sure how the price will do. Everyone predicts Bitcoin will reach another ATH with another halving, so i'd rely on that and invest if you're considering it now.
Don't worry if the price falls a bit, those are usually random events caused by people cashing out their profits after a big rise.
Don't worry if the price falls a bit, those are usually random events caused by people cashing out their profits after a big rise.
I think this might help your analysis
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan. There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin. There is also some new about major company in Japan moving in to join Bitcoin economy. Aside from that, the announced SEC review on ETF decision is quite pushing the price too.
In predicting the price of bitcoin, we can have the news and certain action of big player in the industry. They are good reference for bitcoin price movement.
Good information thank you. So this is for reason why bitcoin prices keep rising and rising, but I still have questions, whether prices bitcoin still can fall over?
I see a bitcoin increase or decrease depending on the trading platform. In 2016, the hacked bitfimex floor of hackong led to the bitcoin price to the bottom. If you want to increase bitcoin prices mainly depends on the amount of transactions worldwide. I think so, give me a better idea.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
Do you think that it is difficult to predict the bitcoin price?
Also do you think that anyone have perfect think to predict about the price high or low?
I suggest you, no one have perfect think about predict, we only see the price and guess about it and also see the articles, conversation of the people and see the market value of bitcoin price, than you could easily guess about the price is going high or low.
Perhaps the reason is that many require bitcoin so that prices always go up and in the market prices start to increase.
i don't know who can tell sure btc price. i can some guess.
i think-so btc rate is down for some time are not few time. after some time btc pric increase. it's my guess not sure.
i think-so btc rate is down for some time are not few time. after some time btc pric increase. it's my guess not sure.
Japan - this is the main factor that causing the price of bitcoin to really rise like we never seen before. @ OP, Are you quite surprise to see this price rose? You are not the only one. I though this is just a temporary, but it looks like this is for real. We only hope that this is sustainable, because we all know that bitcoin price is so volatile that a simple negative news will cause the price to hit rock bottom again.
there is always a lot of factors contributing to bitcoin price rise. most of all is traders (in other words speculators) buying more bitcoin because they expect price rise because of other factors and that leads to higher price.
now all the other factors usually include some sort of adoption. for example as it was mentioned the adoption in Japan is one of the main reasons. also there is a hot news about bitcoin ETF which can potentially show bitcoin as a reliable and legit investment and can lead to more people investing in ETF and alternatively in bitcoin directly too.
now all the other factors usually include some sort of adoption. for example as it was mentioned the adoption in Japan is one of the main reasons. also there is a hot news about bitcoin ETF which can potentially show bitcoin as a reliable and legit investment and can lead to more people investing in ETF and alternatively in bitcoin directly too.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
Noone knows for sure, too many factors.As of predicting price, same thing. Its impossible to predict, thats why its impossible to profit from it with 100% chance of success
As far as i know its pump and dump done by whales(large amount of bitcoin holders) which controls somewhat price of bitcoins. however its not only bitcoin but other altcoins too who got increased with the price of bitcoins. Dogecoin the currency almost seems to be dead is now 3x-4x the amount it was 2 months ago. So it depends upon a lot of factors.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
Noone knows for sure, too many factors.As of predicting price, same thing. Its impossible to predict, thats why its impossible to profit from it with 100% chance of success
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
It is hard to predict as to what will be the cause to the movement of bitcoins price in the market. But there are some clues that will tell us that something will happen. One thing that you should consider are the articles and news that talks about bitcoin. If you are reading constantly the latest news on bitcoin then you can interpret and tell as to what will be the movement of bitcoin. If the news are bad then expect that the value of bitcoin will go down, but if the viral news is good such as countries adoption of bitcoin then expect increase in bitcoins value.
your information is really good and also acceptable. Thank you very much!
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
It is hard to predict as to what will be the cause to the movement of bitcoins price in the market. But there are some clues that will tell us that something will happen. One thing that you should consider are the articles and news that talks about bitcoin. If you are reading constantly the latest news on bitcoin then you can interpret and tell as to what will be the movement of bitcoin. If the news are bad then expect that the value of bitcoin will go down, but if the viral news is good such as countries adoption of bitcoin then expect increase in bitcoins value.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan. There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin. There is also some new about major company in Japan moving in to join Bitcoin economy. Aside from that, the announced SEC review on ETF decision is quite pushing the price too.
In predicting the price of bitcoin, we can have the news and certain action of big player in the industry. They are good reference for bitcoin price movement.
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
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