Topic: What are the real reasons of recent BTC rally? - page 3. (Read 620 times)
There will always be combinations of different factors. I am seeing good news plus a positive sentiment with the entry of the new year where the block reward halving is going to be implemented. CME is also launching options on Bitcoin futures. And of course people are already buying as the previous years were not so good. It cannot be bad all the time. 2020 could change it all.
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
even seniors can't give you exact answer mate because cryptocurrency market is very volatile and anything can happen here and there.But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
-there are some thoughts about manipulation(issue that is normal talks ever since)
-there are some says this is just a Bulltrap(also close to reality)
-and others say that this is about Craig Wrights case(being given ultimatum by judge to prove him being Satosi Nakamoto until February )
Thing that had been tied up into this bitcoin price rally.
-Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
-Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
I agree, truly there are so much factors that must be considered in concluding market price rally. Not only the major events that occur but as well the minor factors out there happening without having so much notice. Or else, may be, the most common one is the Whales who manipulates the price just to drive our attention to major events.
Institutional investors are a myth. We're hearing about this every year and all Wall Street does is short futures and scam us by getting hopes up and then not delivering. There was supposed to be an ETF but there isn't. Bakkt was delayed and when it finally launched the volume was low and it wasn't even backed because almost all users were trading fiat futures there.
The reason could be war because gold and oil prices also went up and Bitcoin is closer to commodities than stocks.
The reason could be war because gold and oil prices also went up and Bitcoin is closer to commodities than stocks.
You won't know the exact reason on why price is increasing. There's many possible reason, it could be the war, increasing demand because they are getting ready, upcoming halving, someone pumping it, etc. No one exactly know the reason, same with no one exactly know what were going to happen. Everything we read and create by our own mind are just assumptions, speculation, prediction, etc. base on what we are seeing in market condition or economics.
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
It is a nice combination of several things:
- new tax year
- halving in May
- CME future options
- institutional expansion(fidelity custodial solution to Europe)
- overall good market sentiment with the feeling that the bottom is in
- good media coverage
- overheated stock market
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
Just be happy that bitcoin started to go up again, and its really good for us but we can't tell the real reason for this up since a lot of hype and news in the market. Hoping that it will increase more, there's a lot of time for improvement this year and I also expect for bitcoin to be on this situation again, let's go up until we make another ATH. But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
Thing that had been tied up into this bitcoin price rally.
-Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
If you will analyze the chart, the real reason why there is rally is because of the buyers that are now in control, the uptrend is now currently forming and it is a good sign because we will now see that the chart forming higher highs and higher lows. I am not a fundamentalist so for me the bitcoin halving, the us iran war and cw issues are not factors why there are price rally happened. -Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
Thing that had been tied up into this bitcoin price rally.
-Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
-Bitcoin halving
-US-Iran war
-CW issue
But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.
In the crypto space it is very difficult to precisely mention reason for the growth of bitcoin. Based on different factors it keeps pumping and dumping. This time there is stabilized growth happened and the same took the price above $8000 in a short. Possibly the demand keeps growing providing large scale growth. More positive news associated with cryptocurrencies is a big reason for the growth of bitcoin.
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
Newbie or senior members, big or small names, all will head to their own speculation and thoughts.
To somehow feed your mind, go to your favorite search engine and type the keyword "bitcoin price pump".
From there, read recent news, speculations, and analyzations from various sources. After spending time lurking at those sites and articles, I do believe you will now have some insights about what could be the possible reasons for this increase.
And to your last question, it is actually shouldn't be a question*.
In my opinion there are two reason for Bitcoin pump.
1. Accumulation because of halving
2. The middle East unrest may be another reason for the Bitcoin pump.
I do not think any other reason is responsible for the price surge. Anyways it was said in this forum many times that in 2019 Bitcoin price will go up and in 2020 and it might reach a new AHT in 2021.
1. Accumulation because of halving
2. The middle East unrest may be another reason for the Bitcoin pump.
I do not think any other reason is responsible for the price surge. Anyways it was said in this forum many times that in 2019 Bitcoin price will go up and in 2020 and it might reach a new AHT in 2021.
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
The main thing is that people's expectations have eased up quite a bit.
It used to be incredibly bearish back in 2018-19 but now, with the halving on the horizon as well as the fact that there were some positive institutional investment progress going on back in 2019, there is much stronger demand for BTC especially for the long run.
Essentially, it's just a natural part of the BTC price cycle which repeats itself every ~4 or so years.
Perhaps the tensions between US and Iran has contributed, but I doubt by that much.
The alts are depending on bitcoin that's why they are soaring too. The most potential reason why bitcoin is going up is due to the upcoming halving. It seems that more people are getting involved now and giving importance to the said event.
But it couldn't that be the reason and there must be something else or we can say that the market is naturally growing due to the adoption that we're getting everywhere. And isn't that great that we're seeing now a correction that will open now the possibility that it will rise again for the 2nd time around?
But it couldn't that be the reason and there must be something else or we can say that the market is naturally growing due to the adoption that we're getting everywhere. And isn't that great that we're seeing now a correction that will open now the possibility that it will rise again for the 2nd time around?
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
Everyone expected and still expect prices movement for halving. Halving is one of the biggest and important evert for Bitcoin. So miner rewards will decrease from 12.5BTC to 6,25BTC. So they have to sell their BTC with higher prices than now. It is biggest affect.
And people is hoping much more performance from Bitcoin. For example I never sold my BTC's with this price. It may not reach 1 million ever but I think it can easily reach to 100K. So Bitcoin is still so cheap.
I also read some news about Twitter and Bitcoin lately. I don't know it has any affect about Bitcoin's price but it would be great. It's written that Twitter will accept payment with BTC some upcoming features.
BTC is being traded at 8.6k, undoubtedly nice opening since 2012. May be positive CME launch along with Iran USA war tension are the catalyst so far. Not only btc but top 100 alts are going north. Exchage traded bitcoin option was introduced in Chicago mercantile exchange and thus institutional investor will start investing in crypto
There is nothing to connect with the growth of the price. If the growth have taken place it could've been a big headache, and the growth is just a friend of my mother. This enriches the entire flowers and it is quite hard. Already we've discussed much on the floral arrangements which also a big part of the baby pakrathu.
I don't think that there is any major reason for that other than the halving and maybe the US and Iran threats to each other and the tempo seem to have reduced, this is why price too have been stable lately.
It may be related to the US and Iran problems, but also it can be some huge manipulation by whales, but it's always due to the supply and the demand of bitcoin. It was really a good increase in the last few days, I even noticed that bitcoin sv increased a lot after that it was like 80% profit in just a few days which it's really amazing and not expected.
I don't think that there is any major reason for that other than the halving and maybe the US and Iran threats to each other and the tempo seem to have reduced, this is why price too have been stable lately.
Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?
It's very hard to conclude a single reason for the bitcoin rally because bitcoin is truly international in every sense! If it was a local currency then it would have been easier to conclude but that's not the case for bitcoin. So I can think of few reasons which may have played a background role,
1. Upcoming halving may have started factoring in.
2. US - Iran war situation may have pushed people to look for alternatives which are liquid in nature.
3. The upcoming judgement on CSW case on proving the ownership of Satoshi's bitcoins.
4. More avenues have opened for institutional investors in late 2019 which has finally started getting traction.
So probably all these reasons have started pushing the bitcoin price higher. But can't really be a single reason there!
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