Topic: The Real Reason for Bitcoin's Rise - page 4. (Read 2051 times)

Yes, and I think Bitcoin simply is follows the rules of human development, equipping itself with the advantages that other currencies can not have, surpassing the boundaries between nations.
And importantly it benefits those who trust and invest in it. This proves through process since Bitcoin was born to the present. The future of Bitcoin is very bright!

Well that would be the real scenario and they will back it up with fuds and hype news so that they can create panic and can fully manipulate the market and actually this kind of tactics by the whales is somehow effective since I saw so many different of hypes that affect the price of bitcoins. So we should ride on them if we want to earn and stake wheter the dump is ongoing.

market is influenced by whales only,they decide what value bitcoin will have,or the hype decide what next value it will get. crypto market is clearly different from stock market and it is manipulated solely by whales or mining farms.

I think some factors influence the bitcoin increase one of them is the user's belief in the bitcoin power so it will not let bitcoin down drastically, otherwise a good system has been built by the developer and I think this is the bitcoin power to deal with the issue of negative issues that arise.

The real reason for the rise of the price of bitcoin is about the doubts that has been cleared or gone in the market because if you will see that the price of bitcoin is very low in the past few days because of the FUDs that are widely spreaded in the market so if you really buy at that time then you already gained profit right now which is a reason in why bitcoin is a great investment.

Great opening post, as always. I share the same opinion - our whole financial system is based on debt, we entered the spiral of debt it takes slowly over the everyone's life.
At some point in the future, we will hit the wall, fiat money at that point won't give you anything as it will be worthless due to lack of faith in central banks power to keep everything under control.
Bitcoin as a sovereign currency is an attempt to give some of the power in the hands of the people. As soon as more people will realize it the better our future will be.

OP, the picture you painted sounds more of a hypothesis than statistical fact. It certainly can't be proved. One can conveniently look at the reason for bitcoin rise (as in its popularity) from the fact that it was a rare intention anchored on the internet space at a time when the world is going global. The real money is not cash but intellectual and that is really what has fuelled the Bitcoin. And now that China has banned it, more awareness and frenzy is going to be thrown open on the Bitcoin.

perhaps on the basis of this, which is always a consideration from the government of each country to legalize and adopt bitcoin as the official currency and has a function equivalent to the real currency.

Supply and demand could be a big factors that mostly affect bitcoin price. Rise and fall is just a normal scenarios that might happen in any investment.
Actually price is not controllable because it is totally depend on the flow in the market, and no one will be liable for any changes that might happen.

We should not ignore the role of institutional investors in the growth of Bitcoin. We also have investors organisations having their capital in Bitcoin other individual investors. Their intention is pure speculative gains from this investment and I don't think that $5K rally was a natural rally.

Now coming back to the fiat system, I agree that we have larger a force to maintain the trust in the fiat system and they will even adopt Blockchain technology to improve this system but that won't affect the price of Bitcoin for the long term.

I think it's  a legit news. We follow and observe the recent price fluctuation . It is often associated by experts with speculation on the cryptocurrency markets. I think the increase of price is because the new institutional money are coming to the ecosystem. Not only bitcoin price is up, all major digital assets are up.

Before you consider whether to believe this theory, consider that the core financial markets have never been free in post-Renaissance Western history.

As early as the Spanish global empire of the 1500s, assets were inflated by the massive issuance of debt, payable in physical gold and silver, by the monarchy.  The debt was considered safe since it was backed by the power of the global empire.  If you held physical gold/silver, you lost out on the 20+% interest offered by the IOUs, but lived under the same price inflation caused by this system.  If you bought into the debt, you helped fuel the imperial system of inflation and theft from savers, and helped push the whole system to eventual collapse (and pain for the average person.)

Fast forward to our time -- things have got a lot more complex, but their nature hasn't really changed.  There has never been either true freedom or justice.

Modern history is the story of too much wealth and too little understanding.  We practically beg the elites to abuse us, and abuse is what we get.

A lot had already invested in btc but the catch is sometimes the identity of these investors are sometimes unknown. A lot would say they are into btc but with the certain anonymity of btc, its hard know who invested how much. There are still many btc virtually and i think from this time developers are making blocks to ensure that if ever the supply runs out, there would be other blocks that could be released

When bitcoin getting popular , more company or even CEO try to use this technology since bitcoin can do things that fiat can't do
It's very useful especially in this digital era , everybody need some great innovation on transaction worldwide

Sorry to say, unfortunately, even if the rise of Bitcoin is due to true supply and demand (a big if,) the elites could still kill it over the last few years if they wanted to.  And they can probably kill it today too.  (Remember what Jamie Dimon just said.)

Although one can never be totally sure the elites won't take extreme action, my view is that, (1) they would be at great risk of failure; and (2) why do it when devaluation/inflation is available as a more humane and thus safer solution.  (It has just been made even more appealing by not having to let gold go up too much, by using cryptos.)

The global empire is not the centrally controlled Chinese universe of 1000 AD (which did try and succeeded for a few centuries to use repression alone to support their inflated money system.)  The modern imperial system relies on a combination of hard and soft power.  Neither power is enough, on its own, for success, but the combination has proved good enough.  Believe it or not, the US *is* a freer and more open society, with a freer marketplace, than Russia and China.  The empire can't change its core nature overnight.

Outsourcing and the breakdown of trust in the media have led to the election of Trump.  Discord and other negative energy are not a good thing for people who skim the cream of production.  No, I think we have to give credit to the elites for folding their hand when it becomes clearly hopeless, unless we see more evidence to the contrary.  (And especially since they don't have to look like they're folding.)

The main reason why the price of bitcoin is rising is because the bitcoin is becoming popular all over thw rodl and the demand of the people to the bitcoin is now high. So the fluctuation is the real reason.

The world has started to realize how bitcoins plays in the world today... Many countries have opens its door to Bitcoins or cryptocurrency nowadays... howbeit, the reason for Bitcoin's rise.  The demand has raised since it birth and although many countries want to stop it,  the use of bitcoins has already proliferated... The ease of payment of so, the carrying of cash in our pockets has diminished if not gone ... and all that stuff... lead to the use of cryptocurrency more easy....

Yes, thank you for asking.  It does need to be explained in detail.

Remember, gold was at $35/ounce the last time the elites openly managed the gold/dollar exchange rate.  If they want to attain true stability by openly managing the exchange rate again, gold would have to worth low to mid 5 digits in dollar terms, in order to cover a significant portion of the money supply today.  This would be embarrassing to the elites and their issued money by exposing it as a system of theft by inflation.

Cryptos are thus an almost perfect solution.  They can push/let cryptos rise (hugely) to a level that will allow them to openly manage crypto/fiat exchange rates, and thus achieve good stability, but claim that the reason is the appeal of the new electronic foundation of money, not the inflationary nature of state issued money.

Another major 'benefit' of cryptos is that the supply is actually almost unlimited.  When their state money has been issued too much for their stock of Bitcoin to support, they can gradually add in other cryptos to do the job.  (And that is why they are supporting altcoins from day one.)  They can claim that this or that altcoin provide features that improve on Bitcoin.  Since the variety of possible features in software is virtually unlimited, and later-developed software tend to be genuinely better than earlier designs, their base money supply can expand much more easily than gold and silver -- and thus allowing them to benefit themselves more by issuing money and other financial assets.

Is this a legit news or one of the conspiracy theories that involves Bitcoin. I still believe that Bitcoin Price is rising because of the simple rule of supply and demand.