Topic: Why bitrcoin is going up - page 2. (Read 690 times)
I agree with point 1 and 3 of OP. The main reason was Iran and USA tension and whales are taking advantage of this pump and giving this pump massive air. Whales will sell their coins which they have bought at lower price and many will buy these coins at higher prices and will struck after this bull run is over. That’s how whales keep on getting richer and richer.
With this, I highly doubt bitcoin's market price could easily be manipulated or dumped by the whales. Yes they are the whales but even if they hodl allot of bitcoin, they still couldn't obtain most percentage of bit that is why these whales need to be coordinated first, their action should be in relation to one another for them to succeed in pumping and dumping the market price of bitcoin though, it is easily evident in the market on how fast bitcoin could go way up high and decline. But one thing for sure that makes it possible for the manipulation to happen, is when there are people getting manipulated. They support the dump or pump to still make profit.
The more unstable the situation in the world, the less people trust Fiat money. People start investing money in gold. But many already do not believe in gold. The alternative is Bitcoin. It offers a new and progressive technology. It is not surprising that in times of instability, people prefer to buy Bitcoin.
Despite of the risk of investing in Bitcoin they were facing people still choose Bitcoin as an investment asset. But we can't deny the fact that more people are still using fiat than crypto because fiat is less risky than in Bitcoin. Bitcoin is just there to be use as an alternative of fiat and also is an investment.
Beside oil prices, I think it also has a lot to do with the upcoming halving. Well, many are saying that halving has not much influence and it won't make the same trends it did in the last two halvings but am sure halving will have some positive impact in price despite what others say.
The more unstable the situation in the world, the less people trust Fiat money. People start investing money in gold. But many already do not believe in gold. The alternative is Bitcoin. It offers a new and progressive technology. It is not surprising that in times of instability, people prefer to buy Bitcoin.
Does it matter why the Bitcoin price is going up? I don't think so, for me, it's important that Bitcoin price is going up and it should be, People were eagerly waiting for this moment because Bitcoin price is the main thing in this cryptocurrency world because of most cryptocurrency are dependent on the Bitcoin price so it may bring a good vibe on this system after a long time, not only that but also in this new year, many of us are very expecting that Bitcoin price will get high very soon. so It doesn't matter after all why the price of Bitcoin is getting high.
I have 3 things in my mind about this rising price again
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
So what is causing the price of bitcoin to drop now? People easily draw conclusions to any little changes that depends in the market value of bitcoin. Personally, I'm fed up with all these assumptions made by bitcoin and its market value. Please we need enough evidence for these assumptions...
The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.
On the previous week, we already experience a lot of changes in the market before the year 2020 the price of the bitcoin falls and the same with the altcoin after a few days the cost of the bitcoin and the other coins increasing rapidly, and we are now experiencing a bull run. There are other factors why the price of those coins changes one is the problem of the US and Iran the price of the cryptocurrency changes a lot because of these. Next is the whales or the people who hold a lot of coins are releasing some of their bitcoins. We are now experiencing a temporary increase in price in the market because the value of the coins is slowly decreasing and now we are hoping again for the second time of the bull run.
The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.
On the previous week, we already experience a lot of changes in the market before the year 2020 the price of the bitcoin falls and the same with the altcoin after a few days the cost of the bitcoin and the other coins increasing rapidly, and we are now experiencing a bull run. There are other factors why the price of those coins changes one is the problem of the US and Iran the price of the cryptocurrency changes a lot because of these. Next is the whales or the people who hold a lot of coins are releasing some of their bitcoins. We are now experiencing a temporary increase in price in the market because the value of the coins is slowly decreasing and now we are hoping again for the second time of the bull run.
I have 3 things in my mind about this rising price again
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
Well there is the USA / Iran war scare, this is more against markets than pro bitcoin, it means some investors flee to metals and crypto when they see any potential problem with the global economy. Nothing new.
Bull run? Well there may be one for the halving, but it is a bit early. The push wasn't too strong in the end, but if Iran continues shooting I'll go back up.
Whales have less power with the passage of time, as more coins exist and are in more hands as well. Sure they can still pressure, but they can't push too far from the market trend. They can still make money, but not as spectacularly as in the past.
The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.
I have 3 things in my mind about this rising price again
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
Well there is the USA / Iran war scare, this is more against markets than pro bitcoin, it means some investors flee to metals and crypto when they see any potential problem with the global economy. Nothing new.
Bull run? Well there may be one for the halving, but it is a bit early. The push wasn't too strong in the end, but if Iran continues shooting I'll go back up.
Whales have less power with the passage of time, as more coins exist and are in more hands as well. Sure they can still pressure, but they can't push too far from the market trend. They can still make money, but not as spectacularly as in the past.
Technicals were supporting the growth. Leaving 2018, there wasn't a time when Bitcoin just went down without recovery or went up without correction. It always happens. Market after testing the most important support, went up and now it is correcting. The old typical Bitcoin price movement. That was all technical based on volume and support and resistance. Pretty much every investor was waiting for the jump. Only the entry point would have varied.
I might see an increase happening because a pile of new people coming to bring their money to buy bitcoin, try to see the trading volume of all altcoin and bitcoin, what I learned from the analysis of people in this forum almost have the same opinion that the price of bitcoin is correct really going to continue the rally on a large scale, maybe because of the halving news factor which is where pushing many people into the market slowly slowly seems like that's happening right now, no one knows for sure why bitcoin rose since yesterday almost reached $ 8500
I have 3 things in my mind about this rising price again
1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
You forgot another reason why bitcoin is starting to increase these days. But before that, the price corrected and as a typical sign of the market this may occur until the weekend and we may see the retrieval motion by next week.1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
And the another reason that you probably forgot is the halving. As we know, this is one of the biggest event that happens for bitcoin and this will impact the miners reward which will surely affect the prices.
I think the pumped on bitcoins price happened because the whales is manipulating it. Also, the other factor is that the tension between IRAN and USA. I think whales are trying to use that tension so that consumers would not think that they are manipulating it. They are using the tension so that consumers would not have any doubt on why the price is rising up.
in the movement yesterday maybe the strongest reason in my opinion is the impact of the US with Iran. due to a lot of pressure from the news and also favorable market conditions made the impact of the war to make pump movement, but I believe this only happens with a temporary time because the current conditions have started to come back down.
The main reason is the Iran vs US conflict but it seems like bitcoin has cool down now, I don't know if it will really drop or it will just stay at this price for now, and then pump again, it's really unpredictable but hopefully this is not a bull run because we all have been waiting for this and without this there's no altcoins season also.
Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.
Yes hold your bitcoin and be patience bitcoin can goes up continuesly so be smarter and i know that we can get a good profit. Yeah there is no war so dont be afraid right now don't sell your bitcoin hold it as you can and i know that you can be a millionaire if you hold a bitcoin and you have patience.
It will be the better bitcoin from now on.
Steady state.
We have see that also at 12k-14k. It was really steady at that time.
Then slowly it went down.
Now back to a steady state. 6..5k- almost 8k.
This might not be a bull run. More like the demands are getting higher because of the event that is coming.
Thankfully, it ain't like 2017.
Steady state.
We have see that also at 12k-14k. It was really steady at that time.
Then slowly it went down.
Now back to a steady state. 6..5k- almost 8k.
This might not be a bull run. More like the demands are getting higher because of the event that is coming.
Thankfully, it ain't like 2017.
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