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Topic: Whats your thought (Read 1122 times)

member
Activity: 153
Merit: 14
December 19, 2023, 11:57:32 AM
I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"
The increase in bitcoin prices can be influenced by several factors that you mentioned. Regarding this pump it could have an impact on the cryptocurrency market as a whole by increasing investor interest and participation. However, usually the crypto market is aggressive and rapid price increases can also be followed by significant declines. Before I continue, I always do research first before deciding on the final stage.
full member
Activity: 308
Merit: 143
December 19, 2023, 12:37:39 AM
I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"
I have been hoping to with the pumping since then but yet I can't find one yet rather I would say what I am experiencing here is a bullish run because the price margins has been gaped on a skyrocketing differences comparing to neighboring price measures in the main time.
However, investors speculations has more effective Influential awareness in societies and international widespread while more investors are brought onboard to the crytop World of digital investments. So, the investors speculations literarily is the main streams because they are of better chances to be proven that bitcoins potentiality of creating wealths is real with the safe assets campaigns of the Bitcoin having the momentums to encounter with the economical challenges we could face today's.
And it is likely to believe that doubts are been a cautioned lines amongst the people and unrealistic projects specifically digital projects because a lot in the past has thought each and everyone lessons of lack of integrities and untransperency operational system so the Investors speculation surges to bridge those doubtful categories amongst the public and so more investors are brought on Board in a wider spread of Bitcoins awareness and so impressively the demands and supplies of Bitcoin becomes competitive which alarms for a pumping price enhancements.
legendary
Activity: 2002
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
December 17, 2023, 02:26:44 AM
Although we can say that a full bull run is going to happen right after the block halving, it could be weeks or months right after that activity. But so far though, others consider this great leap that we have since the beginning of the year at least last year when we have a lowest low of $15k.

So for now, all speculations pointed out to a $45k at the end of the year it could be attainable. But it depends on how the speculators are going to do it. They might push it as there are some positive news about the approval of Bitcoin Spot ETF and they might used this one to fuel FOMO before the end of the year.
If that so, then it is not true that the cause of the bull run is the Bitcoin halving, but people are only using it to hype things up. I think events doesn't really matter. With or without them, people are still doing their duties (e.g buying, and hodling) in order to gain benefits in this market.

Agree on what you said that people are already thankful even on this year or moment we have now, because the price is better than what we have last time. About that $45k, I think we already hit that last day/s? If not, we are still very close to it, so why not? The BTC ETF approval news isn't new, and I think it's not its schedule yet this year, so people aren't going to FOMO for now because of it.
sr. member
Activity: 1358
Merit: 326
Eloncoin.org - Mars, here we come!
December 16, 2023, 12:02:47 PM
Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.

Just having capital cannot increase your money but you must be a master in crypto field. Everyone should remember that we have to not be convinced all the time on pump and dump technology because what we hear are not true on every occasion. One can make smaller losses if he scrutinise the amount of money which he lost and also look over into his amount which he win and then decide whether to exit or continue based on the outcome of wins and loss performance.

Keep details about the coin that how it will be in future by getting help from technical analysis as well look into utility of token. We are all not expert from beginning but if we pick popular token then the chances of lossing will be lower.
sr. member
Activity: 1666
Merit: 453
Crypto Swap Exchange
December 16, 2023, 09:06:53 AM
Quote from: wmaurik
Quote from: asrinur
Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.
Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.
It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.

Most of the community here just knows that the price of bitcoin will increase. But no one knows or none of us can say what the exact date or day will be when the price will get high. For example, according to trading experts right now, before the end of this year, the price value will be between 42k and 60k.

Now, that depends on the reaction of whale manipulators, the news, and others. Now, if you are well experienced and have a deep understanding of trading, you can keep up with the market movement.

legendary
Activity: 2520
Merit: 1073
December 16, 2023, 08:19:25 AM
Looking at the overall outlook of Bitcoin, yes, one could say it's bullish, but the market outlook is beyond that, we can witness bearishness within the wider scope of bullishness, so doesn't matter. I'm glad I started warning of the potential bearish movements of Bitcoin before it is happening now, I knew it was too heavy and needed some corrections. The weekly and daily charts are so much cooperating in this regard and the coin is yet to be out of the woods as it tries to find its path before the week runs out. Besides, Bitcoin recovered a bit and easily on Wednesday as a result of the many US news that have to do with the Federal Reserve's positions on the economic projections, which include the Federal Funds Rate and others, and I know that they can't sustain Bitcoin for so long. It seems that it would get worse if the coin could not overcome the present bearish outcome that is being created gradually. If care is not taken, it might hit $40,000 soonest and a break of that level would announce it to a further lower level even as I see the Fibo level of $37,200 very promising now. In another view, the level of $41,900 keeps calling, I believe it would be hit today, and a breach below it might be what will eventually announce the psychological level of $40,000 without any delay.
That does seem like way too grim of a picture that you are painting. Let me help you with something much brighter, if the current situation could be sustained for a while we are going to break the ATH of the year, and then we are going to come to a new year, up or down it is going to have halving eventually and when that happens the amount of coins being sold by the miners will be less, and the people of the world will know that they need to buy more in order to make it go up.

So, what I am thinking is that by 2025 we are going to have a new ATH and during the 2025 year we are going to end up with a price that is so high, you are going to see 100k as a "drop", because it will be much higher than that and will not be all that great.
hero member
Activity: 2590
Merit: 549
Rollbit
December 16, 2023, 12:02:49 AM

Now that we are seeing that gradual increase in pace when it comes to bitcoin movement then its not a shocker anymore. You've been here on this market for a while and having these movements are just typical.
Somewhat it could really be making out some impact into those people who are really just that new into this market. You wont really be making yourself get prepared if ever you arent really that someone
who had been aware on how this market works.

It may not be a surprise anymore seeing the market rising up again because we're getting closer to the next bitcoin halving, but there are still some people who have been hear for quite some time around 4-6 years who still has doubt that bitcoin may never going to hit the 6 digit mark. Though I understand their doubts but hey we've seen bitcoin at it's worst but we have yet to see it's best yet, why? because each and every year passed bitcoin are hitting ATH after ATH in a 4 year cycle while having consistent gains when it comes down after the pump. One could consider this as a "typical" price movements or reactions according to the upcoming positive news rather some fundamentals, but for those who has doubt I think they just missed to analyze the bigger picture behind every bitcoin run presuming it was the last bitcoin bullrun.
hero member
Activity: 2926
Merit: 722
December 15, 2023, 01:25:32 PM
Quote from: wmaurik
Quote from: asrinur
Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.
Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.
It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.
If you've been able to see or witness those previous cycles of this market then panicking isnt something that could already happen into yourself whenever you do see those extreme dips and crashes.
It cant really be called a market if it doesnt have those kind of things on which it would really be just that normal that those movements could happen neither on total random or basically been affected with those fundamentals on which its always been that a part. We cant really that make ourselves be so sure on where the prices would go since these are the things that usually been happening
specially on a unpredictable market or space.

Now that we are seeing that gradual increase in pace when it comes to bitcoin movement then its not a shocker anymore. You've been here on this market for a while and having these movements are just typical.
Somewhat it could really be making out some impact into those people who are really just that new into this market. You wont really be making yourself get prepared if ever you arent really that someone
who had been aware on how this market works.
full member
Activity: 1176
Merit: 119
★Bitvest.io★ Play Plinko or Invest!
December 15, 2023, 09:10:20 AM
Quote from: wmaurik
Quote from: asrinur
Correct. I agree with you that in investing, especially in the crypto world, relying on capital alone is not enough if it is not accompanied by a high level of patience. Apart from that, psychological factors also influence us in investing. Sometimes people panic sell when they see market conditions experiencing a significant decline and hear negative news, which makes them make the wrong decision which ultimately results in big losses.
Those who have more patience when investing definitely have wiser psychology so they don't panic easily when they see negative news or temporary price drops in the market. Capital is something that is quite important so it needs to be looked after properly when investing, so there is no need to sell when the price drops which could result in us making a loss. Because while looking for profits through the capital we have used, we also need to be patient so that we don't easily lose due to the influence of negative news.
It hard for those that understand the market very well to be panicking whenever the price of BTC is falling down in the market because, they know that it will surely rise again in the future to help those that hodl till the bull run to occur to make a good profits. Once you succeeded in getting the capital to invest, you have to carry out your research to know the potential coins to invest at the moment which will not allow you to regret when the coin disappear from the market.

You can sell your coins when there is a massive pump in the market and, it will encourage other investors to apply long hodling in their investment so that they will be enjoying profits from their investment whenever the price hit higher.
hero member
Activity: 644
Merit: 592
Leading Crypto Sports Betting & Casino Platform
December 15, 2023, 02:28:48 AM
To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?
That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

But if you look at it right now? It's very bullish as we might say that we enter the bullish state very early because of a lot of good news that is coming in the crypto space. But it's the halving that will really change he air around us as it will be the catalyst for the next bull run.

And we've bounce back already, 3%++ in the next 24 hours. It's just a minor dip and it is to be expected. But then again, investors are very quick to scoop some bitcoins when it dip to $40k'ish and now we are at almost $43k again. So I guess the target of around $45k at the end of the year is still on the dot.
Looking at the overall outlook of Bitcoin, yes, one could say it's bullish, but the market outlook is beyond that, we can witness bearishness within the wider scope of bullishness, so doesn't matter. I'm glad I started warning of the potential bearish movements of Bitcoin before it is happening now, I knew it was too heavy and needed some corrections. The weekly and daily charts are so much cooperating in this regard and the coin is yet to be out of the woods as it tries to find its path before the week runs out. Besides, Bitcoin recovered a bit and easily on Wednesday as a result of the many US news that have to do with the Federal Reserve's positions on the economic projections, which include the Federal Funds Rate and others, and I know that they can't sustain Bitcoin for so long. It seems that it would get worse if the coin could not overcome the present bearish outcome that is being created gradually. If care is not taken, it might hit $40,000 soonest and a break of that level would announce it to a further lower level even as I see the Fibo level of $37,200 very promising now. In another view, the level of $41,900 keeps calling, I believe it would be hit today, and a breach below it might be what will eventually announce the psychological level of $40,000 without any delay.
hero member
Activity: 2814
Merit: 574
December 14, 2023, 07:11:12 AM

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

A clear Bull run cannot be identified by any investor but if price attain the higher value and exists longer then it is consider as Bull season. As these days bitcoin increased and still it is 41k$ therefore people are more positive about investment in Bitcoin. One cannot predict that how longer the value of bitcoin will remains in upward position therefore bullish period is unknown that on which value it stops to increase more.

Halving is coming so this price Fluctuations is only for correction and everyone tends to accumulate more bitcoin so as the price increase more then they will take benefit from it. If once bitcoin again start to increase then it will cross the number of 45k$ in current year. We have experienced that after every four years there happens surge so four years will be completed in 2024 in which we will see new opportunities to get the best out of our investment.

Although we can say that a full bull run is going to happen right after the block halving, it could be weeks or months right after that activity. But so far though, others consider this great leap that we have since the beginning of the year at least last year when we have a lowest low of $15k.

So for now, all speculations pointed out to a $45k at the end of the year it could be attainable. But it depends on how the speculators are going to do it. They might push it as there are some positive news about the approval of Bitcoin Spot ETF and they might used this one to fuel FOMO before the end of the year.
full member
Activity: 280
Merit: 110
Eloncoin.org - Mars, here we come!
December 14, 2023, 05:04:26 AM

That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

A clear Bull run cannot be identified by any investor but if price attain the higher value and exists longer then it is consider as Bull season. As these days bitcoin increased and still it is 41k$ therefore people are more positive about investment in Bitcoin. One cannot predict that how longer the value of bitcoin will remains in upward position therefore bullish period is unknown that on which value it stops to increase more.

Halving is coming so this price Fluctuations is only for correction and everyone tends to accumulate more bitcoin so as the price increase more then they will take benefit from it. If once bitcoin again start to increase then it will cross the number of 45k$ in current year. We have experienced that after every four years there happens surge so four years will be completed in 2024 in which we will see new opportunities to get the best out of our investment.
hero member
Activity: 2842
Merit: 772
December 13, 2023, 07:59:31 PM
To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?
That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.

But if you look at it right now? It's very bullish as we might say that we enter the bullish state very early because of a lot of good news that is coming in the crypto space. But it's the halving that will really change he air around us as it will be the catalyst for the next bull run.

And we've bounce back already, 3%++ in the next 24 hours. It's just a minor dip and it is to be expected. But then again, investors are very quick to scoop some bitcoins when it dip to $40k'ish and now we are at almost $43k again. So I guess the target of around $45k at the end of the year is still on the dot.
hero member
Activity: 2828
Merit: 767
December 13, 2023, 03:35:37 PM
The recent surge is because of positive news as well as awareness about bitcoin therefore when more positive news originates then there is a possibility that the demanded asset will attain higher value. There are some news due to which the demand for bitcoin is settled in the mind of crypto users so when the buyer of bitcoin increases then the quantity will decreases which will increase Bitcoin's price.

Some of the positives news are Bitcoin halving coming up next year and everyone is expecting Bitcoin price to do very well therefore they're buying more Bitcoin. Also the approval of a Bitcoin ETF been rumoured to be happening soon is also making investors excited and buying more Bitcoin. When the price of bitcoin pumps, it's always because there's a positive news in the market spreading around and as it pumps more investors buy and it continues pumping.

The current situation of the market isn't the bull market that we're expecting as many investors are beginners to think Bitcoin will see a new all time high due to this pump but it won't happen as we're yet to be in the bull market. This is just a pump because of the good news in the market and Bitcoin halving that is coming next year. Don't invest everything you have as the market can still dump due to traders taking profits from the pump of Bitcoin making them to make profits.
For those who had been here on this market for a while or several years or cycles then it isnt really that shocking anymore that halving event would really be turning out that solid line for people to assume out that
bull run event is really that coming or would really be the next event to come on which it is really just that normal that people would really be trying out their best on accumulating coins as much as they could because they dont really want to get left behind on the time that bull run would take place on which it is really just that normal to have that kind of approach. Now that we are really that going near with the halving event of Bitcoin
then it would be neither the movement of price could be uprising but basing up on history or past events we do really still have that chance of last dip before market would really be shooting up.

The main thing that what makes it hard to speculate into this market that it was never been that predictable in the first place. Things do happen unexpectedly and this is why that if you are
really that someone whose really that dealing up with this space then you should really be making your mindset to expect the unexpected.  Smiley
hero member
Activity: 2016
Merit: 701
December 13, 2023, 03:25:41 PM
That "belief" is becoming more and more like data each halving. Many people "believe" that we are going to have ATH about within one year of the halving, that means by 2025 spring or so we are going to see above 68k, or before that date of course, that's also possible. This is just a "belief" at the moment, but when enough people believe something like that will be true, it becomes a bit more like data instead of just a belief in people.
The basis for this belief also has clear reasons because everyone has seen the previous data and refers to the reality that happened previously in Bitcoin when the market was very bullish until the creation of a new ATH. And it could also be that conditions that are getting better at this time will become a reference for everyone to continue to believe in Bitcoin and will continue to increase everyone's confidence in owning Bitcoin before and after the halving occurs.

Quote
Why does it become like data, well when you get a huge group of people who believe that it will go up like that, then it is obvious that you are also talking about a lot of people who are willing to spend their money to buy, if you think it would go up, why wouldn't you buy right now, and when enough people spend enough money like that because they believe it will go up, that makes the price go up, and when the price goes up, suddenly they were right about thinking that it will go up, they made it go up by thinking it may go up.
Who says I don't buy it now, in fact I made the purchase before Bitcoin experienced an increase like now because I have long been very confident in Bitcoin that the very real price increase will return to Bitcoin so I never thought about other people's beliefs in Bitcoin because I have my own confidence in buying Bitcoin by taking advantage of the price decline.
hero member
Activity: 602
Merit: 749
December 09, 2023, 04:25:38 PM
The recent surge is because of positive news as well as awareness about bitcoin therefore when more positive news originates then there is a possibility that the demanded asset will attain higher value. There are some news due to which the demand for bitcoin is settled in the mind of crypto users so when the buyer of bitcoin increases then the quantity will decreases which will increase Bitcoin's price.

Some of the positives news are Bitcoin halving coming up next year and everyone is expecting Bitcoin price to do very well therefore they're buying more Bitcoin. Also the approval of a Bitcoin ETF been rumoured to be happening soon is also making investors excited and buying more Bitcoin. When the price of bitcoin pumps, it's always because there's a positive news in the market spreading around and as it pumps more investors buy and it continues pumping.

The current situation of the market isn't the bull market that we're expecting as many investors are beginners to think Bitcoin will see a new all time high due to this pump but it won't happen as we're yet to be in the bull market. This is just a pump because of the good news in the market and Bitcoin halving that is coming next year. Don't invest everything you have as the market can still dump due to traders taking profits from the pump of Bitcoin making them to make profits.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
December 09, 2023, 09:32:32 AM
To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?
That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.
That "belief" is becoming more and more like data each halving. Many people "believe" that we are going to have ATH about within one year of the halving, that means by 2025 spring or so we are going to see above 68k, or before that date of course, that's also possible. This is just a "belief" at the moment, but when enough people believe something like that will be true, it becomes a bit more like data instead of just a belief in people.

Why does it become like data, well when you get a huge group of people who believe that it will go up like that, then it is obvious that you are also talking about a lot of people who are willing to spend their money to buy, if you think it would go up, why wouldn't you buy right now, and when enough people spend enough money like that because they believe it will go up, that makes the price go up, and when the price goes up, suddenly they were right about thinking that it will go up, they made it go up by thinking it may go up.
hero member
Activity: 2016
Merit: 701
December 08, 2023, 11:30:18 AM
To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?
That is also quite true in what you said based on existing experience, because I also quite believe in the main bullish season after every four years and this is also very visible from the reality in the market. Now there are indeed many people who are happy with the improving conditions which can be considered bullish at this time because I personally am also quite happy to see this happen at the end of the year so the hope of seeing more recovery in the market will soon become a reality.
hero member
Activity: 644
Merit: 592
Leading Crypto Sports Betting & Casino Platform
December 08, 2023, 07:30:49 AM
I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.
The influence of positive news and also the influence of large companies willing to buy more Bitcoin can also cause a bull market for Bitcoin, because there are many well-known companies willing to own Bitcoin at the moment. Most parties will also think about taking better advantage of this momentum through Bitcoin so that it can push the price upwards before the end of the year as has been happening so far in the market. So I also don't think that the bull market is over because it actually just started this month.
To sum it up, we have a positive sentiment regarding Bitcoin now and this will linger for only God knows when. According to my experience with the asset in particular, there are times it falls and there are times it rises, and in practice, it always locks a very good and sizable amount of the price below it every 4 years during its major bullish season. This is what is causing most of the excitement we see now because if you limit it to the news and big companies buying Bitcoin alone, are they not buying it before?

But there is more to this at this moment, there is FOMO, and everyone wants to own their portion of Bitcoin and not miss out entirely. This was why I summarized it as "positive sentiment," and this could only explain the reason why some bad news is also passing through the headlines but at this time Bitcoin seems not to care about them at all. This is the power of the positive sentiment, it's such that even with very bad news, the market sentiment would still prevail as this is the real will of the people at the time. However, I believe this will continue to prevail for the next 1.5 years because the post-halving moment that causes much of the bull run in Bitcoin has not happened yet. The asset only benefited from the news and the believed advancement of Bitcoin through ETF which is why we found ourselves where we are. More is coming.
full member
Activity: 1974
Merit: 174
★Bitvest.io★ Play Plinko or Invest!
December 08, 2023, 12:06:14 AM
I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"
after 4 months of you asking this , now it is answered ? that it's just the beginning of the new coming ?

Now that Bitcoin climbed double of the value when you posted this back in July , I assume that your mind now are clear and ye find out the factors why price move that Pump in July and continued growing little by little till it reached 44k now.

I also feel surprised because the bull market should not have ended and I agree with you, but if it is positive news that makes this market rise, actually there is still a lot of other positive news that has not come out yet.
plus news of the halving later which will make BTC prices rise again.
well actually the post created in July mate meaning that the effect of what he was calling have passed due now and our pump these days are not from what is mentioned by OP though Mainstreaming and and speculation is also a Big factor here.
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