Topic: What's the reason why BTC rise or decline? - page 2. (Read 400 times)
Traders and Big whales are the responsible for pumping and dumping Bitcoin and the other reason would be Bitcoin low supply and people want to buy it then the demand is very high so that's what Bitcoin become the only intangible Gem of the internet that is more very rare and very expensive.
it's because of the demand , maybe not for bitcoin itself but it's obvious that crypto has gone popular these days
you can't get crypto currencies unless you have bitcoin first , which leads to big demand for bitcoin
also there is the greed factor , people these days are keep hearing that bitcoin is going up everyday and of course people want to make money so they jump in
you can't get crypto currencies unless you have bitcoin first , which leads to big demand for bitcoin
also there is the greed factor , people these days are keep hearing that bitcoin is going up everyday and of course people want to make money so they jump in
As we all know, the recent 2 months, BTC has risen to $15000 quickly. This never happened is the past. How to explain this phenomenon?There are now many companies that are joining bitcoin and investing a lot of money into crypto currency, chinese government ban bitcoin exchanges in their country and miners are having a hard time, demand for bitcoin has drastically been increasing as of now.
As we all know, the recent 2 months, BTC has risen to $15000 quickly. This never happened is the past. How to explain this phenomenon?There is only so much Bitcoin that will ever exist, every day less and less bitcoins are being “mined”. Unarguably, bitcoin is very popular, which creates more demand for it. The supply however, is limited. That's were the basic principles of Supply and Demand come on.
You want a bitcoin, I want a bitcoin, and someone else wants a bitcoin, but there is only 1 bitcoin. Which means that in order for you to get that bitcoin you need to pay more than me and the other person that wants a Bitcoin. There is more demand than available supply.
Any asset including bitcoin, usually increase or decrease based on the demand supply ideology. While other assets are strictly monitored and controlled by a regulatory authority, bitcoin is not regulated by anyone. It is mostly the raw reflection of public sentiment worldwide. Bitcoin supply is limited, so if the demand stays robust, investors will be willing to pay more for a bitcoin and that increases the price. Now if some big investors start booking their profit by selling in heavy amounts, that increases the supply in the market but demand stays the same. So that decreases the price. That's the basic method.
Bitcoin price is increasing because some big corporate companies have announced their adoption plan. SO people in crypto community are now bullish about it and they are accumulating heavily. If you check the market cap growth, you will understand that. This positive vibes around the market is keeping the bitcoin price high and rising.
Bitcoin price is increasing because some big corporate companies have announced their adoption plan. SO people in crypto community are now bullish about it and they are accumulating heavily. If you check the market cap growth, you will understand that. This positive vibes around the market is keeping the bitcoin price high and rising.
As we all know, the recent 2 months, BTC has risen to $15000 quickly. This never happened is the past. How to explain this phenomenon? Jump to: