Topic: Why Is Bitcoin Price Increasing? - page 2. (Read 1589 times)

the price is now very dynamic, it very often happens before major holidays and, of course, there is a rush for the next halving since it is approximately this spring and many expect explosive growth, which is why they are buying now. But since the market is very unpredictable, it is too early to draw conclusions whether this trend will hold until spring.

What am I? A fake trader? How? Because I refuted this nonsense you spate out ("If we knew why Bitcoin's price increases we'd become rich")? Can you hear yourself? Why won't Bitcoin traders and investors know why it moved? Maybe you should go and show more knowledgeable people than you what I wrote, maybe they will tell you whether I am real or fake, and whether I am saying the right thing or not. How can a trader be saying "If we knew why Bitcoin's price increases we'd become rich"? That sentence is foolish in all senses, and if I may ask you, what is the reason for speculation and analysis? Or your dictionary didn't tell you that speculation predicts the future before the actually happens, and analysis lets you know what happens?

I simply don't know why you guys see it difficult to accept the fact. I am going to have 20 years of trading experience soon, but that is not the point, I am trying my best to provide a quality trading guide to whosoever wants it, it's never by force you take it. That is why most of you are ruining accounts due to your folly, you will never listen but argue, that's your problem though, not mine. But before I drop it, even if you don't know who is who among many, if you see some good advice, appreciate it rather than running your mouth. As little as the percentage of traders who are successful, can you ever know maybe a few of them is in this forum? But your arrogance will never let you see that light.

Probably those people who have been on this forum for a long time do have more experience trading cryptocurrency than newbies. But usually this experience is not only accumulated from successful trades. People just don't talk about how many times they lost their deposit before becoming more successful.

It's a common issue in the forum because ppl give advice like they're experts. How many ppl are professional traders. How many successful traders do we know. I've said to him the same things we'd be rich if we could've read the market so when ppl give opinions like they're experts it isn't real.

You talk as if you are a real expert and professional trader. But in reality it is not that simple and we would be really rich if we could read the market and find the reasons for price changes in advance. But in reality the number of successful traders is minimal. Agree that not many people bought bitcoin at 20k or even 30k to sell it now with a good profit.

This is not true, people know the reason why the price of Bitcoin or any other asset increases or decreases. But has that made all the people rich? Maybe you misjudged it as you might wanted to say that we don't know when exactly the time the price of Bitcoin will start rising. Although, the last statement is still technically right as some people are poor in their speculations, nonetheless, the statement is still not necessarily true because there are many good speculators still, who see the market doing a thing even before the market does it. This is actually the power of speculation, and the more you know it, the better for you and the more you can earn from the market.

What I like to tell people is that the market is tricky and dynamic, this is what makes it look as if it is unpredictable. This is where the skills to predict it patiently come in, but it has to be learned, there is no other way. The trader must dedicate his time and be wise with it as well. With good speculations/predictions, traders can still have a 95% winning rate, yes, you heard me. Is that not enough to enrich yourself in trading? Yet, it is not everyone that will get to that level. That is why the market has not enriched a lot yet. That's also the difference from what you thought.

today bitcoin price down, but in long time still uptrend and incrase price again
becuase next year 2024 bitcoin halving momentum bitcoin demand incrase high , so bitcoin price incraese too

Perhaps I can conclude that the current price recovery is influenced by many factors including the sell off in bitcoin prices with a slow recovery in bitcoin prices and the recovery of confidence after the sale of bitcoin holdings. Some people may see it as a positive sign and the price increase may restore a small part of public confidence in bitcoin price developments.
However, I think it is possible that prices will remain stable.

Yes. Bitcoin always experiences price crashes, beware of FOMO and don't become a victim of this effect and it is not good for our trading health later. So, how low can prices go to see, one thing to pay attention to is that the RSI when the RSI is trending lower and far from the oversold area.

I hope newbies don't get confused where it's better for them to invest after they'll read your post. It's true there's good ops for investors if they'll move funds in portfolios across more cryptos. If it's only bitcoin it's a safer solution for long periods but some ppl can't hodl. It's going to change again after halving because of FOMO so they'll need to guess good when they've got to dump.

 
There is no doubt that Bitcoin is the best and most trusted coin among all cryptocurrencies. Bitcoin is the right choice for a safe investment, but one can invest in other cryptocurrencies instead of Bitcoin to get a good return. There are very good and strong projects in the market right now where the investment has the potential to give us multiple returns in the future. If the price of Bitcoin goes from here to $100k dollars, we will not even get 2X profit, but if we get 10X profit in small coins, then surely it is more profit than Bitcoin. If we look at projects like Solana, Avax, and Chain Link, which have given multiplex profits to their investors even in this bear season, So we can say bitcoin is best in terms of safety, but altcoin is more suitable in terms of profitability.

If we knew why Bitcoin's price increases we'd become rich. There isn't a way to predict how it's going to perform because the variables sit on outcomes which aren't in our control. News about crypto regulations or whales dumping could affect. It's increased since you started the topic it's price was $37k now it's $42k so it could've been FOMO because halving isn't far.

Bitcoin price drops simply because the demand for Bitcoin has reduced. The opposite can be said for when Bitcoin prices increase. It simply means the demand for Bitcoin has increased. Every other fact is just stating what causes the increase and decrease in demand.
For example, the halving coming up will increase the demand for Bitcoin because a lot of people speculate that Bitcoin prices will increase after halving so they'll buy before the halving.
Fear of missing out is also a reason why many people buy.
SEC's approval of Bitcoin spot ETF is also a reason why many people are buying Bitcoin

All reasons that you have mentioned have some influential effects on bitcoin price and we cannot neglect any one reason among those mentioned by you. Supply and demand can fluctuates price of bitcoin in vast quantity so as demands increases then supply become limited therefore there is an inverse relationship between them.

As we search about cryptocurrency so at the top bitcoin is present because it is most acceptable coin and also has more potential to offer wealth making opportunities to its holders and overcome problems. Due to decentralised technology people often choose bitcoin because it is not in the hand of third party who will decide about your profit but it changes according to demand and supply.

Everyone wants money so it is foremost reason of accepting bitcoin because no other coin can ever be profitable like that of bitcoin this people prefer it as an investment tool to amplify profit.

Yes, it is true that news often influences bitcoin price movements. For example, when good news appears such as the endorsement of a well-known company, Bitcoin prices tend to rise due to increased investor interest and confidence. On the other hand, bad news such as tight regulations or security problems can cause prices to fall because they cause worry and investors will usually postpone.

For now there may not be any reasonable bear that could take us back to anything less than $40,000 till next year halving is completely achieved and we keep moving forward from there onwards, the bitcoin price will always increases because there's always an increase in the bitcoin value, what the people want and appreciate alot will yield an increasing demands and and this alone will cause an increase in price, we should watch out on what next bitcoin all time high may be after this next halving.

Yes, I think so, indeed people's confidence in the current movement may be enough to restore their confidence when the market is bearish. But I'm still half anticipating what future price increases will bring.

The bad thing about big companies buying and holding BTC, is that they will dominate a large portion of the circulating supply. This will bring inequality to the Blockchain. Not only that, but it will make Bitcoin centralized in the long run. With major players like Blackrock, and Fidelity in the game, BTC will finally be "owned" by these corporations and the US government itself.

I know people won't care about this if this means market prices will go to the moon. They're missing the bigger picture of why Bitcoin was created in the first place. Remember, it's not about the money but rather the tech. As long as Bitcoin proves to be useful as a decentralized payments system, nothing else matters. Just my thoughts

You also forgot to mention about  the positive vibes about ETF but the problem now is there are lots of discussion and speculation about this ETF thing and on of those is JP Morgan that says this 

JPMorgan says ETF optimism is overhyped, and Ether could overshadow Bitcoin in 2024

https://fortune.com/crypto/2023/12/14/jpmorgan-ethereum-ether-bitcoin-etf-hype/

maybe this is why bitcoin still holding at 40-44k and seems to be fighting to hit 45k .

I think with this sentence you described it perfectly


I am absolutely convinced that institutional/big money has been in the market for a long time now and there was intrinsic and extrinsic pressure for large scale investors to make their move. When Bitcoin went towards 70k, I think that was the final call for everyone who believed Bitcoin is just a bubble about to pop and vanish. No. And as you said, the time has come now for institutional investors to talk about their stakes in the network publicly.