Topic: The Rise of Bitcoin - page 6. (Read 1070 times)

is it possible that you used your own currency rate that's why it exceeded 500k and the $ is just a typo? in PHP(Philippine peso) bitcoin is currently at 540k according to google. nobody knows to what extent bitcoin will rise and for those who say that they know are just mere speculation and there is no point believing what they say.

nobody knows but there is still a possibility that it might happen but then again what I said is mere speculation.

@mk4 any update? so I can finally decide if I have to buy and HODL

Bitcoin is so much potential coin. Now a days it is so much volatile. No one can tell the exact reason why Bitcoin rise or down. Buy in my opinion Bitcoin price is risen for demand.

It's always the market decision, the buyer and the seller.

If the Bitcoin hasn't been sold or bought and just been HODL until now we will not be in this level. If you think this is a redundant thread, report it, if you think this isn't appropriate in this board, report it, I assume you know how to report a reply or a thread. You can't decide what they'll do and maybe they're just new here so they posted or they just don't know where to discuss some kind of discussion, I prefer this on the Speculation board.

Why is it that everytime the price reach a good profit level, everyone posts this kind of thread, no offense but in my opinion the rise of bitcoin started a long time ago, we are now in the limbo and experiencing the benefits of it, I do not think that the the increased in price show any significance rather than the holders have taken a profit from holding their bitcoin for a long time, this is just another bump in the prices and I think we should not hold it too dear. Trust me, when the prices go up again another thread like these will surely pop-up, I am not killjoy but I think there are more things to be grateful for rather than prophesizing that bitcoin has risen again.

It reached $11,200 yesterday and now it went back to $10,800. Well, it is hard to give out some speculation as that of what you wanted to hear. But this market movement showed a good sign that the after effect of halving is already started. Thus, if the major resistance will gonna broke we can expect it to have a good major bull run in upcoming weeks or months.

I read it over and over and it looks like it's just typo, maybe what OP means is $5K


We cannot know exactly the reason, but there are say this is a common things and will occur repeatedly that's how markets work.

Bitcoin price does not yet touch $500k, but now the price is at $10k. It will hit that price in the future, but unfortunately, we don't know when the price will be at that price. We can only predict and guess without knowing when it will happen.

Bitcoin is already increasing for $1k, and now the price can be at $10k. That is good news for us because of the good time for bitcoin to surge to the high price comes. You can sell bitcoin right now if you want, but you can also hold for more to see another higher price of bitcoin.

I think what happened at 2017-2018 can happen again in the next bull run, and this time, the increase in the price can be more than $20k because the reward is reduced for half. But everything can happen to bitcoin.

I don't think about the reason behind the increases in bitcoin because I don't know which was the right reason for that. Besides that, the bitcoin price can increase without having a reason because that is what happens in the market. Perhaps, people lose their trust in fiat, or we see a gold price increase or people need to use another payment method in this pandemic, or else.

Bitcoin to rise 12k usd this quarter even oneplus.com customer support says.

I am so happy that bitcoin reaches $11k yesterday, I really shocked about this because there are no predictions from an expert about some big movement of bitcoin. It only means that bitcoin is really unpredictable, there is no person who can predict what will happen soon to the price of the bitcoin, one thing for sure is that bitcoin could reach higher than that because we're still in pandemic.

I'm just going to take this question ...
Sometimes you get a "reasonable" answer because "noticeable" events occur that determine that increase, many study these quantitative elements, and then the predictions are born.

So the "reasons" for bitcoin's rise are in some ways usually known after they happen, others are actually an organic effect, a product of the entire ecosystem called BITCOIN CORE / bitcoin / users / markets.

Perhaps some will risk saying that other factors must be added, such as social factors, effects of traditional parallel markets, unforeseen effects such as the pandemic, these effects we can call qualitative. In my opinion, bitcoin has surpassed them and demonstrated that its influence on the "BITCOIN CORE / bitcoin / users / markets" ecosystem is not as important or influential as previously thought, at least not at this precise moment.

All of the above is only a "clue" to begin to have an "idea" of the unforeseen increases that sometimes in recent times exceed 10% in just moments and that surprise many "new users" who just arrived and generated the question that you very reasonably do.


BUT if you start to study bitcoin prices a bit at different times, including the genesis of bitcoin, you understand that it is a natural effect of bitcoin formation and that those increases that happen from 10% -20% (even its precipitous falls) today, they are pulverized if you start making comparisons with the different periods.

So learning to know the reasons for these increases before they happen is the real task that every user should do to make their own decisions. Or at least understand the market and that this information helps you to start believing or not the forecasters.

All this can begin to help you get answers to that classic question.

GB.

The trend will not always going up so expect a little correction and don’t think that the last bull market will happen the exact same thing right now because we are on a totally different situation. Bitcoin rise again and to those who are holding are still thinking to hold more, I suggest to focus on your selling price and don’t be greedy because the up trend is still unpredictable.

the OP is reading a different chart..maybe a chart of his inspiration???

this rise has long been overdue. before the pandemic situation, we are already in the $10k level. because of this crisis, we slumped again. but look at where we are now - going back up again. when you compare it last July-Aug of last year, we are now again experiencing the same bitcoin price level. so just be happy of what we achieved despite of this pandemic

Give me a few minutes and let me consult my magic crystal ball..



..because we can definitely know what will happen with the price

Yeah, and I'd find it very optimistic to anyone could think about it. I'd rather have to cry asking for help on how I can buy a few sats because it is really expensive. I can't afford it, though. If we can reach back to $20k again, I really happy with that and I am contented enough. Maybe there is no wrong if we ask for more but the situation is really out from reality that it takes.

Anyway, we live in this kind of speculative market and I know that everyone is never hoping for deep lows but a satisfying price. That is no wonder why people are looking for a higher price than it lives at $10k, $20k, $50k, it gonna be more.

Dont let yourself get with the hype or such increase because if i were to say that this is just an another normal day for Bitcoin where it can swing its price more than 10% in a day.

Does it looks something new? No its not and this had been a behavior of btc.The thing here that it did make up sideways movement or stagnant for a long time thats why when the price move into this intensity

then people do already have thoughts or things in mind that this might be the start of the bull run.Dont let your hopes high that much because it will just frustrate you when things

goes into correction time.

Exceeded $500K? What charts and price tools are you using mate?  
How i wish that was the price of 1 BTC right now.

Same reason every other time. Demand. It's how the market works.

That's right, the appropriate board of this discussion should be on Speculation board as what harizen said.
If you don't know how to move a topic, heads up on this thread and learn how to move the topic. [Lesson] How to Correct Move Topic.

There are too many theories and speculations about this recent Bitcoin price surged. I have doubt that these theories might the reason of Bitcoin price pumping up until $11k are:

• Effect of Bitcoin halving that the most anticipation to have Bitcoin price hike this year
• Because of Defi platform, investors start investing crypto
• Safe haven investment, fear sentiment due to pandemic victim

TBH, $500k will might take time before we will reach that range of price. That was too much prediction for this year.

Truly the rise of bitcoin has started. I am overwhelmed seeing bitcoin price increase from $9k to $11k today.
Wasn't expecting bull season to start so soon like this due to global pandemic. Now bitcoin has prove herself that crypto market is unpredictable. Nobody knows what the future holds for us all in cryptocurrency generally.
This year's bull run will be more bullish than 2017 bull season

I think most people expected to go around $12k

$500k? it became $11.1k but not $500k. And to those who endured the bear market and still held their bitcoins, they all deserve the profits that they have.

Nobody knows.

It can still happen.

It can be composed of many things, the halving, the helicopter money, the defis and so.