Topic: What factors make Bitcoin rise again? - page 13. (Read 2423 times)
Actually an interesting question. I think there is a group of people who can manipulate the market in their favor. However, when it will ... hard to say
What factors make Bitcoin rise again? Will it continue to rise?
In my opinion, many btc supporters had seen that the market seems to move uptrend and these people with huge capital investment may had purchased more thus in effect to trigger high demand in the market. With this, result of huge amount of btc buying could lead to increase it's price in the crypto market.
What factors make Bitcoin rise again? Will it continue to rise?
Actually an interesting question. However, I think it all depends on the interest of a very limited number of people. I think that there is a group of people who are able to manipulate the market in their favor. Consequently, the next jump in the price of bitcoin (in my opinion) will happen when this group of people is interested in this. However, when it will be ... difficult to say
The current price increase may be due to some recent positive news that institutional funding may soon find their way into cryptocurrencies from the Wall Streets
Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
Bitcoin is increasingly gaining more acceptances across the globe for the use in numerous transactions. With that, more usage of bitcoins would result in increase in demand hence more buyers. When supermarkets, stores, companies, businesses and states accept bitcoins for diverse transactions; the increase in demand would automatically force price to rice againThe digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
We know bitcoin cannot control any bank or other organization. We control Bitcoin. When people buy bitcoin a lot of, then the bitcoin price is increased.In any case, generally is the purchasing and offering of bitcoin that costs go here and there.So bitcoin can reach a good price as soon as possible.
I think the number 1 factor that will make bitcoin rise again is the approval of ETF by SEC.
One of the most important factors is to have your investment safe. AML BitCoin can give you the peace of mind you need to invest in cryptocurrency and cannot be hacked.
Several factors can make bitcoin to rise again even faster than we think ,they main one is when people hold it for long and not just after dumping it at every rumour they hear
I think one of this several factors that may increase the value of bitcoin again is those people who are investing to the bitcoin who buy a large number of bitcoin and this leads to the higher demand of bitcoin, and due to his higher demand of bitcoin the demand also in the market becomes higher too.if people stop thinking that bitcoin is a scam and adopt it highly then bitcoin will surely rise again and even at a more price. so it all depends how people consider it.
Take in consideration that when bitcoin goes higher than 5 percent in a single day, a lot of people are going to be buying because they see a bullish signal, while this is not true, this is one of the main factors that are increasing the price.
Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
Well I guess it just that it has to be arise again we cant say that Bitcoin will be dead soon if in the past few years it has been in the same state where it fluctuates and depreciates, and given the fact that Bitcoin is getting more publicity and popularity it will be ome of the major factor why Bitcoin is rising again, the more popularity this community will be the more possibilities of getting a proficient investors.
I think the confidence of people to bitcoin is what it makes its value rise. More buyers more value.
any positive news make the bitcoin price goes up, because many buyers go and buy bitcoin as an opportunity investement for them
First is the scaling debate has been a long-standing hurdle for Bitcoin growth. The decentralised nature of bitcoin, which naturally is one of its most appealing qualities, presents some challenges when it comes to governance of remedial action. In an ecosystem where no single entity can dictate changes to the framework, a majority consensus must be reached.Then the Economic and Political Uncertainty where One of Bitcoin’s undeniable drivers of growth are citizens who have lost confidence in their country’s ability to maintain sound economic and political policies, and desperately seek to establish their own sense of financial freedom outside the manipulation of governments. Finally is the Financial institutions, who are historically wary about Bitcoin are increasingly showing signs of interest in the digital asset. When compared to the performance of stock markets and fiat currencies, combined with more and more regulatory structure coming into place, it is unsurprising that institutional money has started flow into the crypto-economy.
The factors that make bitcoin rise again is the number of users it has and the massive popularity it gains because of these users and the times that the users continue the legacy by posting and keeping bitcoin alive.
More bitcoin buyers then more users more popular
Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
Link: Bitcoin surge: multiple factors contributing to the rally?
What factors make Bitcoin rise again? Will it continue to rise?
For sure the demands are increasing and there a lot of positive news from bitcoin last few weeks there are Continuously some country adopt bitcoin as legal tender in the latest news and some business establishment accept bitcoin as payment.
There is a news about the application of CBOE of bitcoin ETF, that drove the price in the last couple of days.
https://cryptovest.com/news/possible-bitcoin-etf-raises-market-hopes-as-us-sec-opens-public-discussion-for-cboe-fund-license/
So the speculators are back on the bitcoin ecosystem but it looks like that ETF might be approved. Remember I say it might because it looks like CBOE has the right ingredients so there's a chance that comes August the price could continue to go up. So other's FOMO, jump on the bandwagon as early as 2 days ago, resulting on the price reversal from $6k to more than $7k now.
https://cryptovest.com/news/possible-bitcoin-etf-raises-market-hopes-as-us-sec-opens-public-discussion-for-cboe-fund-license/
So the speculators are back on the bitcoin ecosystem but it looks like that ETF might be approved. Remember I say it might because it looks like CBOE has the right ingredients so there's a chance that comes August the price could continue to go up. So other's FOMO, jump on the bandwagon as early as 2 days ago, resulting on the price reversal from $6k to more than $7k now.
Jump to: