What is the reason for the increase in the price of Bitcoin?

imamusma

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Quote from: StreakW on May 23, 2023, 11:17:09 AM

Along with the increasing number of new adoptions, the price of bitcoin continues to increase in price. However, actually the rise and fall of the bitcoin price is influenced by many factors. one of them is because investors' worries and fears about the financial sector such as monetary policy, tightening regulations, and anxiety about banking have made the momentum for bitcoin and other cryptocurrencies to rise.

In general, the factors that cause the price of bitcoin to fluctuate are generally known, but as the bitcoin economy grows and adoption, the price may become more stable (lower volatility).

Until now bitcoin is in demand by large investors and retail traders to make profit, while its adoption as a currency or means of payment is still too low compared to investment and trade. It will take a long time for bitcoin to become more stable, and perhaps when adoption reaches the global stage then things like this will be possible.

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Quote from: wahyuagung26 on April 20, 2023, 01:01:36 PM

Quote from: StreakW on April 20, 2023, 10:53:33 AM

Basically it is difficult to know exactly what factors make the increase in the price of bitcoin. However, perhaps one of the reasons for the recent increase in bitcoin price is due to FOMO. It is well known that FOMO is basically Fear of missing out on potential profits has also driven Bitcoin demand, especially among retail investors.

Apart from that Bitcoin has so far received increasing new Adoption as well as demand and supply which are reportedly increasing, FOMO also plays a role here with the fear of losing potential profits later making demand increase, moreover now Bitcoin can be used as an alternative in several Aspect, of course now with this alternative they are increasingly hunting for Bitcoin adoption.

Along with the increasing number of new adoptions, the price of bitcoin continues to increase in price. However, actually the rise and fall of the bitcoin price is influenced by many factors. one of them is because investors' worries and fears about the financial sector such as monetary policy, tightening regulations, and anxiety about banking have made the momentum for bitcoin and other cryptocurrencies to rise.

STT

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Heres a good guide to watch for the advice on speculation of every asset pretty much, from forex to commodities and even BTC he trades and watches the dynamics unfold. Often to his advantage he is a very famous trader going back to the 80's some will know his name well, just posting this link for a clip discussing BTC from a main market traders perspective: https://youtu.be/qIyYOc-sUSI?t=274
The relevance to this topic is that Tudor immediately points out that BTC is the only asset he trades or knows of that is absolutely supply controlled beyond the reach of anyone therefore it will behave like no other asset. If we wonder why BTC moves like it does this explains alot of it, just dont get too ahead of it thinking it will always perform the same way of course.

Bitcoin2009

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I think the increase in bitcoin is a factor of high demand so that it makes limited stock and automatically makes the price go up, as we know that currently the bitcoin marketcap is more than $ 500 billion and it is almost impossible if someone can control the price of bitcoin, it is only natural that the trend of bitcoin users continues to rise because many feel that they get big profits.

Wong Gendheng

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In my opinion, the factors that make the price of Bitcoin rise are because the number of users continues to increase, if we pay attention to transactions in the blockchain, we will see a lot of transactions with large quantities, I have ever had a transaction of around 12k Bitcoin or worth more than $ 345K, this proves that Bitcoin has good potential in the future.

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Quote from: Semar Mesem on May 09, 2023, 02:03:44 AM

As we know that bitcoin has a decentralized concept so that all prices that occur are due to situations that occur in the demand or selling market, the higher the demand the higher the price, but it is commonplace that bitcoin is used by people to earn income, namely daily trading, they those who have the ability and large capital will find it easy to profit because bitcoin price fluctuations are very high.

That was a nice explanation. In addition to that, the demand decreases when the price goes up and the opposite the true. In fact, the market is always affected by the news mostly in a negative way. Moreover, the capitalists ( the ones who own large amount of BTC ) have the capability to control your price. They would not let Bitcoin’s value rise outstandingly. When the demand is high, the whales move their funds to decrease the price, it is whole manipulation and game created by them. However, we must deal with this situation due to we don’t have the ability to change anything in market.

Semar Mesem

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As we know that bitcoin has a decentralized concept so that all prices that occur are due to situations that occur in the demand or selling market, the higher the demand the higher the price, but it is commonplace that bitcoin is used by people to earn income, namely daily trading, they those who have the ability and large capital will find it easy to profit because bitcoin price fluctuations are very high.

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Quote from: Betwrong on April 09, 2023, 06:06:04 AM

Quote from: wxa7115 on April 07, 2023, 11:24:09 PM

~ But even if people do not understand why the economy is in a bad shape they can feel it on their pockets, as the price of everything is growing while salaries remain the same, and they are finding on bitcoin an alternative to the fiat system which has failed them.

Maybe investing all you have in Bitcoin isn't a good idea, but investing a part of your money wouldn't heart, especially today. I mean, Bitcoin will most likely reach a new ATH, like it always does, so today when the price is less than half of the previous ATH, and that shape of economy you are talking about, it's probably wise to buy some BTC. Only I would suggest to invest the money you can live without for the next year or two, just in case.

I agree that you shouldn't invest all your money in bitcoins and for me that is a better decision.
It is wise to think that bitcoin does not guarantee returns as expected even though bitcoin has proven to be the best performing asset so far. If they don't want to diversify assets, then having a cash reserve is the recommended option instead of investing everything in bitcoin. I believe bitcoin is the best option, but however we never know what will happen in the future.

CageMabok

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Quote from: StreakW on April 20, 2023, 10:53:33 AM

Basically it is difficult to know exactly what factors make the increase in the price of bitcoin. However, perhaps one of the reasons for the recent increase in bitcoin price is due to FOMO. It is well known that FOMO is basically Fear of missing out on potential profits has also driven Bitcoin demand, especially among retail investors.

It's not always based on FOMO, because the very basis of an increase in price is the frequent occurrence of more demand in the market so that prices tend to change more quickly in Bitcoin. Apart from that, there are also other factors that can increase the price of Bitcoin, such as when a large bank goes bankrupt, which causes money depositors in the bank to divert their funds to various other assets. And those who already know about Bitcoin before, it is clear that it is very possible to put their money into crypto to buy Bitcoin.

Quote from: wahyuagung26 on April 20, 2023, 01:01:36 PM

Apart from that Bitcoin has so far received increasing new Adoption as well as demand and supply which are reportedly increasing, FOMO also plays a role here with the fear of losing potential profits later making demand increase, moreover now Bitcoin can be used as an alternative in several Aspect, of course now with this alternative they are increasingly hunting for Bitcoin adoption.

Bitcoin adoption can also be an additional factor that increases the price of Bitcoin, because the adoption of Bitcoin in certain countries can also increase the level of people's trust in Bitcoin, which can also have an effect on increasing the demand for buying Bitcoin itself. So I look more at how the level of demand that occurs in Bitcoin besides the FOMO factor which also has a role here.

wahyuagung26

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Quote from: StreakW on April 20, 2023, 10:53:33 AM

Basically it is difficult to know exactly what factors make the increase in the price of bitcoin. However, perhaps one of the reasons for the recent increase in bitcoin price is due to FOMO. It is well known that FOMO is basically Fear of missing out on potential profits has also driven Bitcoin demand, especially among retail investors.

Apart from that Bitcoin has so far received increasing new Adoption as well as demand and supply which are reportedly increasing, FOMO also plays a role here with the fear of losing potential profits later making demand increase, moreover now Bitcoin can be used as an alternative in several Aspect, of course now with this alternative they are increasingly hunting for Bitcoin adoption.

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Quote from: BD Technical on March 18, 2023, 02:27:04 AM

What is the reason for the increase in the price of Bitcoin?

The Federal Reserve is adding another $300 billion to their economy. This is basically one of the main reasons behind the increase in the price of Bitcoin. This news has affected the prices of stocks and cryptocurrencies everywhere. In this regard, market researcher Holzer said, the central bank has added a lot of dollars to the economy, so the market is seeing so much growth all around.

The failure of Silicon Valley Bank and Signature Bank was the reason why the Federal Reserve decided to inject dollars into the economy on an emergency basis. Banks borrowed about $150 billion from the Federal Reserve, the highest since the 2008 global recession.

Adding dollars to the economy is not new, nor is it the first time that banks lend dollars at low interest rates. During Corona in 2020 the Federal Reserve added dollars to their economy after which we saw Bitcoin rise from less than $4000 to almost $7000. Many believe that the US will add more dollars to its economy in the coming days, which could push the price of Bitcoin to new highs.

The former CEO of Bitmex said that the more currencies are added to the global economy, the more likely the price of Bitcoin will rise. But the central banks of China and Japan are doing exactly the same thing as the Federal Reserve.

Thanks Guyes.

Basically it is difficult to know exactly what factors make the increase in the price of bitcoin. However, perhaps one of the reasons for the recent increase in bitcoin price is due to FOMO. It is well known that FOMO is basically Fear of missing out on potential profits has also driven Bitcoin demand, especially among retail investors.

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Quote from: wxa7115 on April 07, 2023, 11:24:09 PM

~ But even if people do not understand why the economy is in a bad shape they can feel it on their pockets, as the price of everything is growing while salaries remain the same, and they are finding on bitcoin an alternative to the fiat system which has failed them.

Maybe investing all you have in Bitcoin isn't a good idea, but investing a part of your money wouldn't heart, especially today. I mean, Bitcoin will most likely reach a new ATH, like it always does, so today when the price is less than half of the previous ATH, and that shape of economy you are talking about, it's probably wise to buy some BTC. Only I would suggest to invest the money you can live without for the next year or two, just in case.

wxa7115

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Quote from: Wong Gendheng on April 05, 2023, 10:39:44 AM

The thing that makes us optimistic about the future of Bitcoin is the number of users who continue to grow, when there is banned in a country, a unique thing happens because the number of users in the country continues to grow, no problem if there is banned because users can still sell in the top exchanges and can receive direct payments via banks.

Bitcoin is slowly gaining adoption because people can feel there is something wrong with the economy, politicians have been very skilled by blaming this on the pandemic, the supply chain and many other excuses they are using to not admit they printed too much fiat during the pandemic.

But even if people do not understand why the economy is in a bad shape they can feel it on their pockets, as the price of everything is growing while salaries remain the same, and they are finding on bitcoin an alternative to the fiat system which has failed them.

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Quote from: Wong Gendheng on April 05, 2023, 10:39:44 AM

The thing that makes us optimistic about the future of Bitcoin is the number of users who continue to grow, when there is banned in a country, a unique thing happens because the number of users in the country continues to grow, no problem if there is banned because users can still sell in the top exchanges and can receive direct payments via banks.

Many people still don't know or understand about virtual currency and sometimes people only know about the name Bitcoin but they don't know what the benefits or uses of Bitcoin really are. it is the interest of people like that that is increasingly growing new enthusiasts from Bitcoin.

Wong Gendheng

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The thing that makes us optimistic about the future of Bitcoin is the number of users who continue to grow, when there is banned in a country, a unique thing happens because the number of users in the country continues to grow, no problem if there is banned because users can still sell in the top exchanges and can receive direct payments via banks.

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Quote from: Ayers on April 02, 2023, 03:08:59 AM

~ I have consulted some analysis from traders I know, many people think that for bitcoin to really enter the bull season, it needs a strong rally to 35k-40k, and it can be said that the bear season is over. And if BTC fails to hit $35k or more, there will be a sharp correction back to $20k. But for me, the market is unpredictable, even if bitcoin crosses $30k or $35k, there's no guarantee it won't fall back. Just one negative news, a black swan can disrupt all our analysis. This year is not yet the year to expect a real bull season to come.

That's what I think too. Not only some negative news can affect the market, but a positive one can affect it too, and it may happen unexpectedly. So, what can we do about this situation apart saying again and agian that Bitcoin is unpredictable? I think we can be pretty sure about one thing: a new ATH will be reached somewhere in the future within 2-3 years max, because it has always been like this, and there's no reason to think that the world of finance has changed dramatically during the past 2 years.

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Bitcoin is a very dynamic investment, if we want to sell property it takes a long time to sell it and of course it takes a long process of taxes, letters and so on, but if we invest in bitcoin and profit then want to sell it only takes a few seconds, this is what make anyone want to invest in bitcoin.

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Quote from: b3j0 on April 02, 2023, 12:23:50 AM

Quote from: Joshapat on March 28, 2023, 04:12:52 AM

The basis of bitcoin can rise is a decentralized system working effectively, the price is determined in the market based on stock and demand, and when demand continues to increase, the price will automatically continue to rise, and this March there is still 3 days to be able to penetrate the limits Previously it was considered difficult, which could reach $ 30K.

and evidently now that March is over and BTC failed to break $30k, I think $30k is currently a strong resistance and if BTC manages to break through that resistance the possibility to go higher is wide open. let's see where bitcoin price goes after this.

I have consulted some analysis from traders I know, many people think that for bitcoin to really enter the bull season, it needs a strong rally to 35k-40k, and it can be said that the bear season is over. And if BTC fails to hit $35k or more, there will be a sharp correction back to $20k. But for me, the market is unpredictable, even if bitcoin crosses $30k or $35k, there's no guarantee it won't fall back. Just one negative news, a black swan can disrupt all our analysis. This year is not yet the year to expect a real bull season to come.

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Quote from: Joshapat on March 28, 2023, 04:12:52 AM

The basis of bitcoin can rise is a decentralized system working effectively, the price is determined in the market based on stock and demand, and when demand continues to increase, the price will automatically continue to rise, and this March there is still 3 days to be able to penetrate the limits Previously it was considered difficult, which could reach $ 30K.

and evidently now that March is over and BTC failed to break $30k, I think $30k is currently a strong resistance and if BTC manages to break through that resistance the possibility to go higher is wide open. let's see where bitcoin price goes after this.

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Quote from: Kodok Bencot on March 31, 2023, 04:57:02 AM

I think the price increase that is happening right now is a positive sentiment in the market, there is news that the world's big companies are buying bitcoin in large quantities and this can be seen from transactions on the blockchain, of course this is promising news for the future of bitcoin and we will see big surprises which will start from April.

Anyone that is smart enough to interpret what is happening is accumulating coins as we speak, not only the day the halving comes is getting closer but there are reasons to believe the economy could begin to show signs of fragility, and if that is the case then you need to invest in assets which could resist the turbulent months and years which may come.

And while bitcoin does not have the track record of gold, its technology is solid and people believe it will do well under those conditions.

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