Why bitrcoin is going up - page 4. | Bitcointalksearch.org

CryptoBry

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Quote from: akirasendo17 on January 08, 2020, 11:14:33 AM

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.

The possible war between Iran and USA is already starting to wane and is not anymore a valid reason for the rise of Bitcoin and in fact BTC is now slowly retracting while maybe hoping for another catalyst for the bull run which I am expecting will not be happening within this year. The possibility is that there can be some mild surge as a reaction to the coming halving but it can never go beyond the last ATH in 2017. We are in the "free" marketplace and so bad news and good news can be affecting the price movement of BTC and of course let's also give some leeway for possible manipulations by those who can flex their muscle easily.

ufaiz50

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Quote from: akirasendo17 on January 08, 2020, 11:14:33 AM

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,

There are so many issues regarding WW III and making the activities in the crypto market go up, this was in my mind when the US sent an attack and it might be the cause of the rising price of bitcoin. As you say whatever it is do with caution because of the decentral crypto market. Crypto has a faster rate of fluctuation and changing conditions may change now that trump say de-escalates to Iran after Iran sends a missile to a US military base, we don't know what will happen.

AjithBtc

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Whenever there happens growth cryptocurrency users look for reasons. Rather than researching about its growth good is to experiment with the funds we have. These are time for immediate profiting that can't be earned everytime. Somehow the price of altcoins too have begun to grow following bitcoin which seems to be true growth than manipulated growth by whales.

tsaroz

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The price change has certainly boosted up than last month but bitcoin has always shown volatile price with changes upto 10% a normal.
Bitcoin did reached over $10K+ and stayed there for quite a time before the correction started. And with a halving approaching, we would see a increased amount of price fluctuation oriented for a rise.

blckhawk

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Looks like #3 is happening right now. A short-lived pump of up to $8,400, and now we are back again at $7,900, which could be considered as another support level, thanks to investors buying in back and continuous demand to Bitcoin. Though the possibility of another bull run is quite something, we might still see another dump if whales didn't see any rise in market trading volume and unable to break the resistance level.

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Quote from: MURONDI on January 08, 2020, 06:09:05 PM

no one knows for sure the reason for the rise in bitcoin, ups and downs in prices is common in trading, I prefer to rely on technical analysis rather than news, maybe bitcoin will go down to swing the price, but on the daily chart bitcoin is still showing an upward trend, it's better to do your own research than to rely on other people's predictions.

it is the combination of various factors why the price of bitcoin is increasing for the past few days and we are all happy about it. many will take advantage of this situation, either they are buying or selling and that is a good progress in the crypto trading market.
no one can exactly determine the sources of why we are experiencing the improvement of bitcoin's price but we are just pinpointing it to possible obvious reasons like the situation in the middle east, upcoming halving...

MURONDI

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no one knows for sure the reason for the rise in bitcoin, ups and downs in prices is common in trading, I prefer to rely on technical analysis rather than news, maybe bitcoin will go down to swing the price, but on the daily chart bitcoin is still showing an upward trend, it's better to do your own research than to rely on other people's predictions.

Johnyz

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Many reason to choose from and for me you have to focus on your goal this year because the best price is yet to come. Its too early to celebrate but its ok, as long as you don’t sell your bitcoin at a loss you’ll be good. Halving is fast approaching, bitcoin will react positively on that.

outatime1

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Could also be that the halving it approaching. Maybe people are trying to go ahead an buy some before the price starts to really rise.

Sebas.tian

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As at the time of this post the price of Bitcoin has just started dumping again. Basically the pump was whale manipulation as they have done to the market before now. Although, many factors may contributed to the pumping which might have been rumors against USA going into war with Iran. The whales may took the advantage of the rumors to carve out profits for themselves.

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Quote from: crzy on January 08, 2020, 04:24:35 PM

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.

Why do you recommend in selling Bitcoin?

Are you dumb! There is nothing to panic, it is a small pump and is common with Bitcoin afterall it is one of the most volatile crypto.

No matter what keep hodling you Bitcoin this year, Bitcoins halving is on the way and a small Bull run too. The price of Bitcoin is still below $10k. Till that time keep hodling.

crzy

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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.

akirasendo17

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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.

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