Topic: what will make bitcoin price to brake its all time high - page 6. (Read 1015 times)
Bitcoin is not widely used as a payment method. Now it is still used as speculation. Bitcoin has a long way to go to be accepted as a means of payment.
Not only adoption in payment and transactions but also acceptance of bitcoin by authorities is crucial for seeing a higher price than its ATH. Manipulators are actually making this process slow down for their short term interest.
Bitcoin has been all time high since last 2017 and with early 2018 without the acceptance of authority yet. This has been ultimately gaining good price increase that time but unfortunately it went down drastically. Even though there's no prescence of government regulation, bitcoin could rise back to it's peak price more than last bull run. We should wait for the right time to commence in, and patience is really needed in order to survive towards future success and better choose longer terms trading strategy.
In my opinion if Bitcoin become more scarce its market value will definitely increase, if transaction fee is high its market value will increase and if there is more adoption which means demand is higher than the supply definitely Bitcoin market value will increase.
Many things. Adoption is one of them and adoption is higher now than it was at the peak of the last bull market. Transaction cost is lower and transaction speed is higher. We also have a much greater wallet availability and the price is still much lower. It's because of fear.
If we managed to get rid of fear that the market is struggling with the price would go up.
If we managed to get rid of fear that the market is struggling with the price would go up.
I think a lot of people are afraid of bitcoin because they see all this news everyday about governments threatening bitcoin trying to find different reasons why it's bad and people should avoid it. Until this will be all solve and governments will finally accept that bitcoin cannot be stopped I don't think the price could brake all time high.
I'll explain what I think about it:
Best push of rise is halving to my mind: 1. It really rises price because otherwise mining becomes unprofitable and second - psychological factor, everyone thinks it will rise because of first reason, so overally we got high price but this teases new people and a lot of them invests in bitcoin, so demand on it hugely grows, then overally everyone thinks price will rise and finally we got it.
Tried to explain it shortly and easily.
Best push of rise is halving to my mind: 1. It really rises price because otherwise mining becomes unprofitable and second - psychological factor, everyone thinks it will rise because of first reason, so overally we got high price but this teases new people and a lot of them invests in bitcoin, so demand on it hugely grows, then overally everyone thinks price will rise and finally we got it.
Tried to explain it shortly and easily.
bitcoin grew in value because of its amazing blockchain technology and now its used as payment in some fields
Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
If we look at the past we would find many events that makes bitcoin made surprising move and it is good we do that through chart pattern or candlestick formations. In 2017, from the beginning of the year when bitcoin cross 200 moving average and was facing northward many speculators and investors understand that a bull run that will create an all time high is about to happen and that is exactly what happened. I believe that technical set up is going to happen that is going to push bitcoin price in another bull run that will create all-time high again. Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
Events like ETF approval and halving in 2020 and some of the things that is going to bring many new investors into the market again.
The all time value brake will come as the forces of demands and supply take shape once the level of demands for bitcoin increase the price will follow, because that is the economic law in which bitcoin operate on.
I think what would have made the price of bitcoin past ATH was the scenario of the cartels and the richest people in the world who did not enter the list of the richest people at the moment or the wealth information was kept secret
in my opinion, this is still going according to their plan, which is to make bitcoin more plummeting so that miners stop mining and make adders sell or dispose of their mining tools so that some parties will hold the mining tool and currently they are mining until all the bitcoin supplies run out then making bitcoin through ATH even higher, maybe bitcoin will reach a price of 1 million usd per bitcoin at that time
this is just my speculation, if something goes wrong please fix it
in my opinion, this is still going according to their plan, which is to make bitcoin more plummeting so that miners stop mining and make adders sell or dispose of their mining tools so that some parties will hold the mining tool and currently they are mining until all the bitcoin supplies run out then making bitcoin through ATH even higher, maybe bitcoin will reach a price of 1 million usd per bitcoin at that time
this is just my speculation, if something goes wrong please fix it
bitcoin prices are not regulated by anyone but the existence of whales is highly debated yeah, the price of bitcoin depends on demand for the sake of making a profit so adoption is very important and highly recommended by bitcoin users. brake at a high value I thought it needed some teamwork situations but it was also difficult that once a bitcoin price can't be set
Not only adoption in payment and transactions but also acceptance of bitcoin by authorities is crucial for seeing a higher price than its ATH. Manipulators are actually making this process slow down for their short term interest.
Although post is old but bitcoin price still same so I would like to leave my opinion. If bitcoin need to cross all time high then only thing we need "new investors". That's enough for go all time high for bitcoin. New investors means, investor's should move on bitcoin once again like before. So automatically bitcoin will grow up include total crypto market. That's why we need encourage new investors to come in crypto world.
Bitcoin price brake by the whale itself,or also know as the investor as long as they are more they could control the bounce price of bitcoin,so for me this is the main reason why bitcoin price break.
bitcoin grew in value because of its amazing blockchain technology and now its used as payment in some fields
Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
The possibility is not remote the current all-time bitcoin high is $20,000 we can easily break that because some experts are predicting a much higher price ranging from $50000 to $1 million remember Mcafee, the buyer are now slowly coming back, it's a domino effect, once they see that whales are coming back, medium and small investors will join buying Bitcoin.
Agree, because the recent rise was attributed to buyers who left the market long ago after ATH and coming back to buy for keep. With this, the bitcoin market price will brake its all time high, but this will be a slow process before the brake take place. Series of predictions have been given and hopefully to see a higher price surge.
bitcoin grew in value because of its amazing blockchain technology and now its used as payment in some fields
Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
Now what new things we can expect that will make buyers came back and make price brake all time high
will it brake all time high
The possibility is not remote the current all-time bitcoin high is $20,000 we can easily break that because some experts are predicting a much higher price ranging from $50000 to $1 million remember Mcafee, the buyer are now slowly coming back, it's a domino effect, once they see that whales are coming back, medium and small investors will join buying Bitcoin.
I think it will kick on the market price of 8K USD per bitcoin. This the market price before that has a drastic huge market price increase. ANyway, this is just speculation as we all know that all time high may not going to happen again because many are greedy now and does impatient holding crypto.
A simple yes from the SEC will see bitcoin adoption spread like wildfire. Not just among investors but governments around the world will stockpile as a store of value
Lol, SEC is one of the groups that has been fighting bitcoin and cryptocurrency. Well if they have a change of mid then probably bitcoin and cryptocurrency will have a major adaptation.
A simple yes from the SEC will see bitcoin adoption spread like wildfire. Not just among investors but governments around the world will stockpile as a store of value
It seems like a real step that can make bitcoin go up again is, in collaboration with large companies or brands in the world, and Bitcoin goes there, either as a method of payment, salary or development in the company.
I'm guessing the next halving will cause this price movement, which in turn will make everyone and grandmama want some bitcoins - driving the price up even more...
Hopefully, this next time around - there is some actual uses that come out from it like, actually using it for currency?
Idk, if everyone started using bitcoin for everyday type purchases, it wouldn't take long for BTC to moonlaunch
Hopefully, this next time around - there is some actual uses that come out from it like, actually using it for currency?
Idk, if everyone started using bitcoin for everyday type purchases, it wouldn't take long for BTC to moonlaunch
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