Topic: What is causing last few days' run-up? (Read 387 times)
I think the money is being printed from the countries in covid, another problem is that a large amount of gold is sold. At the time of covid, people probably learned a lot about BTC, making it more interested than before. Maybe it will increase in the future
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far
Though not sure as it will halt at 20k or can halt before or will halt after 20k. But one thing is sure that in coming time we will have more big players adopting it just like paypal did in recent times. So price is eventually will be rising and best to buy on dips and hold as will make a multiple times returns in next few years.
Before we talk about this PayPal adoption bitcoin and to offer services of cryptocurrency to their customers, let’s not forget that Square Inc.
Was the first that started it, so I believe that PayPal might have noticed their move and other companies that were moving to the Blockchain and cryptocurrency platform so they decided to also do the same before they are left behind, so it’s something that they must have done. Their move did boost cryptocurrency I believe, but whether they took this action or not , I still know that the bitcoin I know will continue running up, we saw it coming.
Was the first that started it, so I believe that PayPal might have noticed their move and other companies that were moving to the Blockchain and cryptocurrency platform so they decided to also do the same before they are left behind, so it’s something that they must have done. Their move did boost cryptocurrency I believe, but whether they took this action or not , I still know that the bitcoin I know will continue running up, we saw it coming.
To be sure, I may not be able to answer why the price of bitcoin has gone up in the last few days. Some of the thing that may be the contributing factor is the increasing confidence of investor in bitcoin after the victory of the new US president. The more market demand for bitcoin, the more it will naturally increase its price and this is commonplace. I don't see any other, bigger effect that causes price to go up. Volatility will always occur and we will all experience market fluctuation. The migration of stock investor to the crypto market could also allow bitcoin price to rise, paypal is also great news.
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
A lot has already happened this year, not one, not two, but many of them and they can be what’s influencing this price to be going up as high as it is. Come to think of it, before this lockdown and coronavirus thing happened, $11,000 was what the price was about getting to, and it’s months now since the price dropped from that high, so doesn’t that mean that if such thing as covid19 never happened we will be seeing something around $20k by now if not more than that?paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Well, now it’s happening we should be happy about it, and I have checked this morning, it’s up again compared to yesterday, let’s look forward to more.
The volatile market is caused by not being regulated and that is the only reason for it. There is no government that can control the market, price of bitcoin is a global thing and you can be USA government and be very powerful and you can't control bitcoin price.
Normally in places like stock market world or forex or gold or any other market you see governments trying to make regulations where if you suddenly see a 10000% type of silly increase they get involved and they stop you and they audit you and they try to find why it went up that much, or you could be just a huge company like apple and have 10% increase and even that would be taken a look into who bought it to make it go up. In crypto someone can buy 1 billion dollars worth of bitcoin and nobody would even know who they are let alone search why they did it.
Normally in places like stock market world or forex or gold or any other market you see governments trying to make regulations where if you suddenly see a 10000% type of silly increase they get involved and they stop you and they audit you and they try to find why it went up that much, or you could be just a huge company like apple and have 10% increase and even that would be taken a look into who bought it to make it go up. In crypto someone can buy 1 billion dollars worth of bitcoin and nobody would even know who they are let alone search why they did it.
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Paypal involvement in crypto have open the door for more adopters and this have bring more confidence in the space, don't underestimate the involvement of PayPal, this isn't a small news mate, and also bitcoin have proven it's worth when COV19 pandemic was wrecking everything that stands in its way paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
yes, paypal is indeed one of the factors of this increase,
because many mass adoption of Bitcoin prices have shown good performance,
but what you should be aware of is that Bitcoin prices always go up when the halving is over,
and the halving has now been passed resulting in a bullish start for bitcoin.
Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
Paypal involvement in crypto have open the door for more adopters and this have bring more confidence in the space, don't underestimate the involvement of PayPal, this isn't a small news mate, and also bitcoin have proven it's worth when COV19 pandemic was wrecking everything that stands in its way paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?
It is because of the market cycle and some catalyst the bitcoin already made a move where it manage to surpass one of the key levels in the chart after the Paypal announced that they will start accepting and selling bitcoin. That news also become one of the catalysts why there is a previous run up. the momentum is still in the bitcoin and for me it will take more days or even weeks before the momentum will die. I actually think that there will be a good thing that may happen to the price of bitcoin in these following days and I hope that I will maximize the returns that may I get. Those investors who have high amount of money are now surely making investment in bitcoin and for sure they are also anticipating that it may beat its previous all time high near $20,000.
People whenever there is a dump or a bull run is always seeking for a reason why such thing do happen and all due out of curious mind is finding such information to answer that inquiry. First thing is first, we are in a volatile market wherein changes are inevitable and even unpredictable to be stated so we can expect that in no time, the price will change unexpectedly over time. Second, there are lots of factors that can affect the price which mostly external factors like economic state, world news and now the entrance of the influential people on the identity of the institutional investors getting into crypto. All of those are essential things to consider why the price changes going up or down.
I agree, people always search for reason, and it's because they wish to be ready for the next time, something to look for when they make predictions. You forgot to add how people cry when the price is going down, and how bullish people become when the price goes up, even for a few points! It's never one factor that affects the price to move up or down, my opinion is that traders have important role in the price changes!
In previous years I have been surprised so many times by some turns in crypto, so I don't believe there's anyway to predict the price in short and mid run, we trade by some rules, and we all make mistakes, nobody has 100% successfulness rate!
Many investors are still wondering the wonder bitcoin is still performing in the market. Bitcoin is increasing other cryptocurrencies are reducing which show that bitcoin will still increase more than this before the year end.
I think pandemic is among what is making bitcoin not to dump at this moment, that we are very close to the end of the year since government are not yet print more money to compensate those who lost their life and prosperity during the pandemic. Bitcoin will keep rising till 2021 despite other cryptocurrencies are improving small small in the market.
I think pandemic is among what is making bitcoin not to dump at this moment, that we are very close to the end of the year since government are not yet print more money to compensate those who lost their life and prosperity during the pandemic. Bitcoin will keep rising till 2021 despite other cryptocurrencies are improving small small in the market.
It is disingenuous to say that elections had anything to do with Ethereum. I would totally understand stocks because let's be honest stocks are tied to that nation and how it is managed, I would even understand oil because USA is a big oil nation, and I would to an extent understand gold maybe because USA could be a big contributor to gold trading.
Bitcoin on the other hand should not be affected by it, there is no logic behind it but let's assume that it was, there is nothing else that we can show the proof so I am willing to concede bitcoin even though there is no proof connected the two together.
However if we are going to talk about ETH, I have to stop you right there, this is the same coin that everyone was wondering if 2.0 would happen eventually and suddenly 2.0 just came out of development and was published, we are still waiting for it but at least we got the news, THAT increased it is price for sure.
Bitcoin on the other hand should not be affected by it, there is no logic behind it but let's assume that it was, there is nothing else that we can show the proof so I am willing to concede bitcoin even though there is no proof connected the two together.
However if we are going to talk about ETH, I have to stop you right there, this is the same coin that everyone was wondering if 2.0 would happen eventually and suddenly 2.0 just came out of development and was published, we are still waiting for it but at least we got the news, THAT increased it is price for sure.
People whenever there is a dump or a bull run is always seeking for a reason why such thing do happen and all due out of curious mind is finding such information to answer that inquiry. First thing is first, we are in a volatile market wherein changes are inevitable and even unpredictable to be stated so we can expect that in no time, the price will change unexpectedly over time. Second, there are lots of factors that can affect the price which mostly external factors like economic state, world news and now the entrance of the influential people on the identity of the institutional investors getting into crypto. All of those are essential things to consider why the price changes going up or down.
Institutional investors certainly make a lot of changes in the price of bitcoin. By purchasing bitcoin occasionally, they have been accumulated bitcoin over time and this means that they have put their fate on bitcoin. I believe that these firms are the main influence to the current bull run
This is the most reasonable speculation and we are hearing reports about institutional investing in bitcoin from the start of this year considering we were having the halving this year and any hype in the market these institutional investors will take advantage and they can even manipulate the market.I am expecting a minor correction in the coming weeks and i am expecting the price to close this year around $12k.
In my opinion, there were many reason and the run up actually make sense, right now. Due to some good and positive fundamental news the prices increased rapidly. For example Paypal news, make other companies accepting bitcoin, whales moving a huge amount of bitcoin from exchanges to wallets, the increase of grayscale bitcoin buying and long-term holdings. But the point is the run up got stronger by the event of us election and wining Joe Biden, this is the last positive fundamental new for bitcoin.
right, I think the general election that was won by the midwives was the biggest influence of the bitcoin movement at this time. and in the end followed by others. but not a few stated that if Biden really won the election, the US economy would collapse. of course there will be more and more issues that will ariseThe problems faced by the USA have been many, even though Biden lost to the USA under Trump's leadership also experienced problems,
Bitcoin was very much affected by who won, and the news circulating was, if Biden wins then dump, if Trump wins then the pump,
and what happens? is Dump , yes Biden won!
PayPal was the trigger and now everyone are jumping on the hype train, thinking that the price will once again go up to $18 000+ like it did in 2017. I also think the political instability during the US election, caused some panic in the financial investment world and people were looking for safe haven investments to protect their wealth.
Now that the US election are finished and the hype over PayPal is dying, the price will once again go down to more or less $10 000 where it was before.
indeed when paypal opens and accepts transactions using bitcoin, it can be seen that bitcoin price movements have increased in price, because this can have an influence on investors and whales to enter cryptocurrency and it will be easier for people to buy bitcoin.Now that the US election are finished and the hype over PayPal is dying, the price will once again go down to more or less $10 000 where it was before.
but unfortunately the end of the year will come meaning there will be a surprise from bitcoin that maybe the price will make a new ATH because now it has broken the price of $15k at least it can go up to a price of $20k or more.
PayPal was the trigger and now everyone are jumping on the hype train, thinking that the price will once again go up to $18 000+ like it did in 2017. I also think the political instability during the US election, caused some panic in the financial investment world and people were looking for safe haven investments to protect their wealth.
Now that the US election are finished and the hype over PayPal is dying, the price will once again go down to more or less $10 000 where it was before.
Now that the US election are finished and the hype over PayPal is dying, the price will once again go down to more or less $10 000 where it was before.
it was only november but the revelation of paypal are just last month . you call that long enough ? long supposed to be a year or over than than but payal is different . when we say paypal joins crypto , that wasnt just a hype that can die for some time but the effect is stapled .
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PayPal is no doubt has a large market across the US, since they allow users to buy and sell cryptocurrency on the platform, this had the predictable effect of instilling a lot of bullish sentiment among market participants, the result was an increase in the price of bitcoin from $11K to $13K and currently above $15K. Furthermore, it's not over yet, bitcoin should rise even higher when Paypal users will be able to shop at the 26 million merchants on its network using cryptocurrency in 2021.
Moreover, PayPal is exploring acquisitions of cryptocurrency companies. Nevertheless, it's not only PayPal which greatly affect the market, but the adoption from institutional investors that have been revealed purchasing bitcoin every quarter of 2020, not only in trust form but many investors accumulating physical bitcoin as well.
Institutional investors certainly make a lot of changes in the price of bitcoin. By purchasing bitcoin occasionally, they have been accumulated bitcoin over time and this means that they have put their fate on bitcoin. I believe that these firms are the main influence to the current bull run
it was only november but the revelation of paypal are just last month . you call that long enough ? long supposed to be a year or over than than but payal is different . when we say paypal joins crypto , that wasnt just a hype that can die for some time but the effect is stapled .
...
...
PayPal is no doubt has a large market across the US, since they allow users to buy and sell cryptocurrency on the platform, this had the predictable effect of instilling a lot of bullish sentiment among market participants, the result was an increase in the price of bitcoin from $11K to $13K and currently above $15K. Furthermore, it's not over yet, bitcoin should rise even higher when Paypal users will be able to shop at the 26 million merchants on its network using cryptocurrency in 2021.
Moreover, PayPal is exploring acquisitions of cryptocurrency companies. Nevertheless, it's not only PayPal which greatly affect the market, but the adoption from institutional investors that have been revealed purchasing bitcoin every quarter of 2020, not only in trust form but many investors accumulating physical bitcoin as well.
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