Topic: Who is behind the inflating value of Bitcoin? (Read 634 times)
New money with the hype, people watching TV hearing about bitcoins as the new way to become rich, they jump in because they read about it, this is what makes the market unstable
The outcome will still be good for all of us the higher the inflation the higher the value of bitcoin will be, those who hold bitcoin for a long time and has acquired a lot will be much happy to have bitcoins price gets high.
I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects.
There is no particular single entity that is driving this Bitcoin inflation but it looks like a cause of multiple individual entities. Of course there are whales trying to play the bad boys by having a direct influence on the price with very high buy-ins but there's way too much Bitcoin in circulation for them to attain monopoly and this is a major reason why there is variation in price every moment.
If ever it is what would you think of the outcome? Is this good for us or bad?
Generally, inflation means a great deal for the community as increase in price means only one thing, higher profit. Then again, a forced inflation is an indication of what's about to come, a drop. Terming it good or bad would be a hard choice under these circumstances.
A lot of new money is coming in because of the hype. There are so many new users in various platforms because they wanted to be part of the people who holds bitcoin. Media has been constantly talking about bitcoin resulting to many investors being attracted to invest on it even though they don't even know what bitcoin is all about and for those who are skeptic about it, just trash talk and calling it a scam, bubble, unregulated and terrorist money. They immediately judge without even knowing what it is which is just natural about people.
Bitcoin is new and since it has folded multiple times in this year alone, a lot has been encouraged to invest that's why it went ballistic. However, there are still some people who are still very doubtful about it. They just want to stay in their comfort zone like investing in stocks and mutual funds but then some of them say something bad about bitcoin to encourage others not to invest on it. I just think that they are just bitter not being able to invest early.
Bitcoin is new and since it has folded multiple times in this year alone, a lot has been encouraged to invest that's why it went ballistic. However, there are still some people who are still very doubtful about it. They just want to stay in their comfort zone like investing in stocks and mutual funds but then some of them say something bad about bitcoin to encourage others not to invest on it. I just think that they are just bitter not being able to invest early.
I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?
If bitcoin's price is monopolized by a single person, then that will be a bad way to move money because he can dictate the movement of the currency.In my opinion,the inflation of bitcoin's value is because of the frequently used trades and also the demand for exchanges of that coin. More and more people are using bitcoin making that coin more usable.
The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices
Banks has capital but they won't do this, I believe still banks and governments are unclear and will never jump into it. Bank has many restrictions but Individual Investors is free kind off.
Basically the users, investors(both small and large) and the rrcent market movements and actions is leading to its high rise.
The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices
Although they would love to do that< I don't think they can, due to regulation.
The futures market might mess things up though.
The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices
A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them. 
Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.Always critize the bitcoin because the possibilito to be a threat to the banker.
Very true about being a threat to bankers, but also they cant. Their regulation, that has fended off competition has also become their prison.
A lot of new money coming in and inflating the price
could be inflated
could be inflated
the new user of bitcoin because of its popularity and price pumping up they want to ride and get profit too. bitcoin had a low supply so it will pump fast with this high demand.
The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.
Bitcoin has way too limited supply. At the moment, almost 17 millions are in supply and global population is of 7 billion +. This concludes that, bitcoin isn't a bubble right now but has a potential to be one in Future maybe at trillion dollars marketcap. Thus, the inflating price right now is natural outcome of mainstream adoption. This is healthy and good at the moment. But will become dangerous in future.
The mass, the banks who want to control it, but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people
A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.
Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.Always critize the bitcoin because the possibilito to be a threat to the banker.
A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.
Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it. It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this.
It's primarily due to the demand of it globally by the newcomers and oldies who still want to top up their stock of bitcoins. This is the most dominant of all the factors you listed and nobody can be behind the millions of people around the world in order to influence bitcoin' inflation. Not possible in my books.
Totally agree that inflation means more as good signs than as a bad things in virtual world. Newcomers are filled up the space in cryptocurrency investments that bring not only bitcoin price in new level but in this huge increases in a very short time. This is one telling factor and reason of a better accumulating circumstances that highlighted the inflating value of bitcoin as a result of higher tendency to profit.
The limited supply of bitcoins and the continuous increase in demand makes the bitcoin price higher.Bitcoin is totally free from inflation as its supply could not be increased beyond 21 millions unlike US dollars which are printed infinitely.But the demand for bitcoins is continuously increasing.S0,bitcoin deserves more price than its present price.
I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?
The question is very interesting and certainly a lot of people want to know the answer. I also investigated and monitored exchange rate fluctuations of the BTC and realized that after each press writing negative posts on the Bitcoin, pushed down the price of BTC, behind those articles are the people They were influential in the tech world, and after they bought the BTC at that time, they pushed up BTC prices unknowingly. I think that's why Bitcoin always goes up and down in a certain way.
I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?
Those "some certain people" are us. The last thing I said, the last time I posted in here, was that this (Bitcoin) is our baby. Not for the old guard and grey hairs, or the boys on Wall St. It's for the young (for the most part), the techies, and to a fairly large degree people that deploy anonymity and either currently or at one time at least used the dark web and TOR. Or at least, that's the demographic that discovered it the soonest when the value was still low. And it sounds like you're implying something along the lines of insider trading. I mentioned that as well. Only again, it's us holding those reigns too. I said that if a bunch of us coordinated ourselves together here and made decisions in numbers, and said: "Buy, Buy, Buy!"... the price would climb steeply. That's all it really is, only we have the benefit of actually being able to get away with something like that and it's just talking... or a recommendation/prediction.
Definitely good for us. But... I still have a feeling that eventually something bad will happen and a bunch of people will lose their money. Just a hunch. The cover story will likely be that some super hacker ripped everyone off, who was of course so good he was completely untraceable. But it will be an inside job. I've said before that I think the value will grow to 35K before that happens, and possibly even a good bit more.
Also we are probably in for a correction in the near future. 2 signs that almost always preclude a slide are 1) Hitting a new high, and 2) The price growing stagnant after doing so. Now you may be thinking: "Wait, the price isn't stagnant, it just went up over 2K today at one point." Well sure, but it also was already at 17K almost a week ago, dropped down to the high 14K's, climbed back up again, then down again, then back to 17K again, and now as I look I see it going down into the 16's. So for pretty much a week straight it's been teetering between the upper 14K's to the 17K's, back & forth. And this correction could very well make that one we had when we went from 6700 to like 5200 look like a mere speed bump. We are after all dealing with larger numbers and fluctuations now. I mean heck, that was only a 1500 dive. It seemed like a lot then, but now fluctuations like that happen all in a days work... or, make that several hours work actually. And that is a very good thing indeed. What would have felt like a major slide just a month and a half ago, now you look at and don't even feel the slightest bit alarmed.
And, of course, it shall rise again. But after reaching a new high a week has elapsed where the price seems as if it's stuck in quick sand, and in regards to past trends that usually spells a decline. But then again for goodness sakes the friggin price climbed to 10K before this year was even over, which only the most optimistic in here predicted. Most more conservative estimates said it would happen by mid 2018. And then by the time we went to the fridge to grab a beer to celebrate it was sitting at 17K. So, I mean... it's hardly a bad sign or even bad news really. It's just inevitability.
Jump to: