What is the main reason to bitcoin moving up!!!

sunsilk

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Quote from: abanansah on July 23, 2018, 05:08:28 PM

Most news I have read since last week is pointing the rise of bitcoins due to upcoming regulations of Exchange Traded fund by United States Security commission.

Yes that's the major event that everyone is waiting on August so the price of bitcoin is rising.

Quote from: abanansah on July 23, 2018, 05:08:28 PM

I think the trust of bitcoins is going to increase and as a result there is a demand of bitcoins which is causing it to move up.

People who are holding alts are FOMOing at this moment and they are sacrificing their alts and start to convert it to bitcoin so if ever bitcoin gets an approval, they have more bitcoin.

It's also believed that this is the end of the bearish market so it's either of the two.

abanansah

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Most news I have read since last week is pointing the rise of bitcoins due to upcoming regulations of Exchange Traded fund by United States Security commission. I think the trust of bitcoins is going to increase and as a result there is a demand of bitcoins which is causing it to move up.

bitfocus741

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I think it has been mostly because of market manipulation. And also the rise could also be a pre pump before Blackrock starts to get involved. Besides as the prices are rising higher, it has managed to grab the attention of many more investors who jumped on the line, causing it to rise even higher.

BlackPanda

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The response of everyone is certainly divided into two, some feel happy when you see the price of Bitcoin increases and some will feel disappointed. For those who are happy because they can make a profit in Bitcoin investments, while for those who are disappointed they do not have the opportunity to buy Bitcoin at a cheap price. Every circumstance will certainly have different consequences and everyone who has a good sense of optimism will achieve great results. Look at that when people believe in the development of Bitcoin they will buy bitcoin when it is cheap. It is an opportunity and they make the most of it.

Luckycoins999

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Actually main reason is the price of btc is increasing because of demand and supply many of them are buying coins based on low price of btc at this moments so price increases also many govt. already accepted this coin so some barriers are removed so it effect to the price.

cryptorampage963

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From my perspective i think bitcoin maintains their performance from the beginning and peoples are earning lots of profit from this site that’s why its demand increasing day by day. For this reason it’s moving up.

bitfocus741

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I think the increased demand and adoption of bitcoin has made the price to rise up. Besides the price has fallen much dip and it has to recover to survive. So, finally the price is going up and this growth will be continued hopefully.

Harlot

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Quote from: BTCLovingDude on July 22, 2018, 03:17:05 AM

like anything else this is also all about supply and demand!

supply is increasing day by day as miners produce new coins and they enter circulation but the rate is slow and also the supply is capped.
at the same time the demand meaning the adoption for bitcoin is increasing day by day which means there are more people buying bitcoin and investing in it.

the result of these two forces mean a rising price.

I don't think that the price movements of Bitcoin is always about its supply and demand as if we are in a cycle where we are in a bear market price shifts like this are almost always not related to the supply and demand, short price rallies without breaking any major trend means that it is time for the bulls to benefit on the on going trend. Also Bitcoin is a volatile cryptocurrency meaning that even if we have a big demand and a whale started to dump his Bitcoin holdings it will still go down as it will start a panic selling in the market.

gabmen

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Quote from: pooya87 on July 21, 2018, 11:39:52 PM

Quote from: kojoannan on July 21, 2018, 10:23:15 PM

To me I think the price of bitcoins have suffered losses and is time for it to rise but I understand most expert analyst is because of the Exchange Traded fund (ETF) of bitcoins coming into force is the major factor.

considering previous time when the ETF hype was big the rise was huge, i think this time the rise had nothing to do with ETF, at least not as its main reason otherwise with the way people have been trying to hype this new ETF online the price should have had a much bigger rise than just going back above $7k after staying below it for a very long time.

Yeah we're not even sure if it'll be approved on aug 10 lol but the timing seems to indicate that it did play a big part for the rise of btc for a few hundred dollars. I guess people will take anything just as long as it makes the price move positively.

BTCLovingDude

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BTC to the moon is inevitable...

like anything else this is also all about supply and demand!

supply is increasing day by day as miners produce new coins and they enter circulation but the rate is slow and also the supply is capped.
at the same time the demand meaning the adoption for bitcoin is increasing day by day which means there are more people buying bitcoin and investing in it.

the result of these two forces mean a rising price.

wuvdoll

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I think main reason has been that bigger whales are getting into bitcoin and crypto currency recently.
The regular Joe getting into bitcoin can affect so much however when a huge fund gets in that means millions of people or at least millions of dollars get in all together at once.

A fund with close to billion dollars to play with compared to hundreds of regular Joes trying to get in has different affects. Specially when those funds collectively can lobby positively on bitcoin for the governments. From the past, I believe no once could figure out the exact reason for both bitcoin up and down. Simply, no government legalized bitcoin also no market giants adopted bitcoins, sill we had strong bull run. Must be a good sign for all crypto adopters.

pooya87

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Quote from: kojoannan on July 21, 2018, 10:23:15 PM

To me I think the price of bitcoins have suffered losses and is time for it to rise but I understand most expert analyst is because of the Exchange Traded fund (ETF) of bitcoins coming into force is the major factor.

considering previous time when the ETF hype was big the rise was huge, i think this time the rise had nothing to do with ETF, at least not as its main reason otherwise with the way people have been trying to hype this new ETF online the price should have had a much bigger rise than just going back above $7k after staying below it for a very long time.

Dreamchaser21

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Quote from: yndye on July 21, 2018, 11:01:19 PM

Quote from: kojoannan on July 21, 2018, 10:23:15 PM

To me I think the price of bitcoins have suffered losses and is time for it to rise but I understand most expert analyst is because of the Exchange Traded fund (ETF) of bitcoins coming into force is the major factor.

The decision of the exchange traded fund being lauch is getting near that's why some whales may have some insider information and are already buying because it it's approved then price will take off and they wouldn't be able to buy cheaper coins. The sentiment of the general public is also positive that's why it continues to go up. They are already tired or maybe thought that it's time to buy now because the bear market is long enough.

Whales are already done dumping the market, and I think this is really normal after a big dump. ETF is one thing, and let's all hope for a positive feedback on this soon. The price of bitcoin are so strong around $7200 and the price of bitcoin will start to pump again until it reach $8k level this month.

yndye

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Quote from: kojoannan on July 21, 2018, 10:23:15 PM

To me I think the price of bitcoins have suffered losses and is time for it to rise but I understand most expert analyst is because of the Exchange Traded fund (ETF) of bitcoins coming into force is the major factor.

The decision of the exchange traded fund being lauch is getting near that's why some whales may have some insider information and are already buying because it it's approved then price will take off and they wouldn't be able to buy cheaper coins. The sentiment of the general public is also positive that's why it continues to go up. They are already tired or maybe thought that it's time to buy now because the bear market is long enough.

kojoannan

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To me I think the price of bitcoins have suffered losses and is time for it to rise but I understand most expert analyst is because of the Exchange Traded fund (ETF) of bitcoins coming into force is the major factor.

patron bounty

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Quote from: BTCHeadstone on July 21, 2018, 03:49:00 AM

As of late we have seen that distinctive governments and organizations are indicating interests for bitcoin thus the request of bitcoin has expanded in particular yet the supply is restricted which has made the price to ascend so high. I think this the fundamental purpose behind such increment.

I think it is true, the demand for bitcoin is increasing and the limited amount of bitcoin makes the price soar.
I imagine, what if bitcoin will have run out in the mine. whether the price will be very expensive or even not sold ??

Agaventy

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The main reason for Bitcoin's rise in prices is its popularity is increasing with its demand increasing but its production is limited. That’s why Bitcoin is rising.

ETHTachometer

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Normally when increase demand increase their price. That’s like bitcoin, at this moment of crypto market bitcoin are more potential and demandable that’s why bitcoin increase price.

Ararbermas

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Quote from: MeaglesMind on July 21, 2018, 05:54:58 AM

Demand is exceeding supply for BTC, and almost all countries are willing to use this side to technology and avail its benefits.

yes 'cause actually that is the most important when it comes bitcoin or other coins .which is the "demand and supply" in the market .and that's the reason as well why bitcoin growth rate always falling suddenly , especially when there's a big players selling , such a investors that had a big contribution in the market , which is because of being have a big contribution in the market the price always manipulate back to the lowest price and sometimes there's a sudden pump of price as well.

Sony.UK

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Bitcoin value is depends on demand of current trend and some legalization also one of the major role in Bitcoin pump. But currently some peoples are said after world cup again many investors are investing in Bitcoin so gradually demand is increasing in market. This is one part of the peoples are accepted and some peoples are said Bitcoin adoption is increasing in market.

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