Topic: Why Is Bitcoin Price Increasing? - page 3. (Read 1577 times)

There are many investors who are always in search of the best Investments, they know that Bitcoin is the exit is the great way that they can generate a lot This , there are no risks that have a lot of patience and trust that the price will Rise , Investors in companies know that the way to follow in any Investment is just to do wel l, there is no other , we know that they can be generated Many ways to make money , and there are no other than it is safer.

Institutions have money in Bitcoin for many Years , as well as in El Salvador that the president has been the only Bitcoin without taking Advantage of being looking for Regulations for those who have Bitcoin , Bukele is a great example to Follow.

I believe, it is only a matter of time before these big companies disclose about their bitcoin investments.
For sure, some of them are secretly or discreetly buying large amount of bitcoin.
As we are heading to the halving period, the sentiments are positive. So high likely that we are on the increasing side.
The good thing also is that the supply is fixed with btc, so we are only working on the demand aspect of this market.
And as we are seeing here, we are in the positive direction of demand, which means, the price is also on the positive side of things.

And when the big money from the ETF received circulates into the market, that's when Bitcoin will continue to experience a big spike. Because the circulation of larger amounts of money can also be the main foundation for the push to increase prices in the market, there will be many people who are surprised by the extraordinary achievements in Bitcoin. So everyone just needs to make sure there is more valid evidence for this because many of the big companies in the world have definitely looked at Bitcoin and are trying to have it as their additional investment for now.

I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially.

This is what I am talking about:


I know that public corporations need to have their balance sheet and people can have a look at them and in some instances they would be able to detect whether digital assets are listed in the balance sheet somewhere, but if Blackrock wanted to build a portfolio without anyone noticing, that is the easiest part for them to hide any digital asset acquisitions. They could set up new companies of all types to hide their holdings in some way. I just don't buy the narrative that many of the institutional investors that turned pro Bitcoin out of a sudden weren't holding any before they made their U-turn. It is not realistic to believe that they all refrained from buying some as a hedge against being wrong.

Buffett hasn't and Munger hasn't I guess, but if I had been one of those guys, only for the sake of hedging against me being wrong, I would have taken 100 million USD and bought Bitcoin. I never was fully convinced whether these guy really didn't, but it seems they didn't. For Blackrock 100 million is peanuts and in 17/18 they could have amassed 20k to 30k Bitcoin with that amount.

From this point of view it sounds logical in the mind, basically we don't know that whether they have been accumulating bitcoin for a long time, but not publicizing that they are accumulating bitcoin to benefit from bitcoin. Previously Larry fink denied about bitcoi but now approves ETF products, this also seems a little strange to me.

Yes, if we look at the movement side it is similar to the previous cycle, and indeed the ingredients are always in their composition even though the context has a difference so that bitcoin becomes the center of attention of the global financial world gradually, in a matter of one year also bitcoin is the best asset that has a significant increase and more than 100%, if we collect bitcoin since the beginning of January.

In essence the cycles are very similar while the ingredients that keep those cycles running and recurring change in composition over time. You mentioned the institutional investors and that is certainly one reason why Bitcoin went places in the last few years. But we can't really know whether some of the institutional investors have been investing into Bitcoin for a long time now. They might not have announced it publicly because they first wanted to grow their holdings without sparking excitement and miss out on favorable prices, but it's possible that they have been stacking up for a long time now and just now begin to make a case for Bitcoin. Don't underestimate the big players here, they know very well that Bitcoin is a must have of any reasonably composed and diversified portfolio.

Indeed, there is more enthusiasm among most people when they see the significant price increase in Bitcoin over the last two months, so it is also quite natural that there are many new companies and people who promote Bitcoin after seeing the increasing price increase for Bitcoin. And I'm also sure that right now there are many people who want to take advantage of this small correction moment for maximum profits next year when there is another price increase.

We also need to look at this from various other angles, as most people are always happy to do things like that without being hired by certain parties. Because when important people who are trusted by many people start promoting Bitcoin at the end of this year, of course there will be many people who want to follow suit and they can also benefit together when the price of Bitcoin continues to increase in the market.

   Bitcoin increases very quickly in price within the weekend, before it finally broke through the serious relating barrier of $41k on Monday morning.  Bitcoin has been on a direct upward curved path since October, when it broke through the $35k Mark for the first time since 2022, which come with Bitcoin 's total gains for 2023 to more than 154% based on the Monday high over  $42k with a more than 5% gain over the last we hours.
    Bitcoin now has gotten back its original ground which it lost over the years and a half since Terra's Luna coin crash.

   The happening bullish attitude  In Bitcoin begins from a wave of optimism around that might exist, that the Fed would have gotten to its end of tightening cycle with interest rate, which made a lot of Fed officials   echo the chance that interest rate must have reached its peak and might be coming down last week,which gave investors hope towards the present era of tightening money by the higher federal funds rate  which is arranged by the federal reserve that is the bank spends huge amount of money to borrow which will now tighten the monetary supply all over the economy.

If we look at ETFs, I think the big players have long known the likely adoption dates and have been buying them at lower prices. However, news of adoption will definitely drive prices up. And it won't take long for halving of bitcoin. As usually, we will have good spring 2024 and no good summer 2024

We know that the current cycle is different than the previous one, because institutional investors are starting to become bitcoin savvy, and maybe they are already aware of crypto technology, and indirectly that the crypto industry has a bright future ahead to get wider technology adoption.

Yes in such a scenario it could happen, but I want to question where they get the profit from the formation of the bitcoin ETF? is it from transaction fees that are done or what? I am still hesitant in this case about traditional exchanges that want to market bitcoin on their platform with their ETF products.

I think there are good news from those companies because they did invested into bitcoin and they want us to invest into bitcoin as well so they are promoting it. Like all those grayscale type of companies (and blackrock to a point) will always promote bitcoin because they know that the higher the price goes the more they are going to profit and in order for that to happen they need to have a lot of people buying bitcoin.

This is why they keep saying that they need to end up doing something like marketing on behalf of bitcoin, it's not their duty and they do not have to do it, it's not like it's their job to do something like that or they weren't hired to do that but in the end they would profit from bitcoin going up so they do it.

This could be very possible because buyers in large numbers at this time must have also entered the market to buy Bitcoin and their involvement is very undoubted. Because the increase in the last two months can be said to be significant and there is also an influence from people who have a lot of capital to put it into Bitcoin before next year. It could also be said that there is encouragement from large institutions because perhaps they have seen the good news for Bitcoin so they are trying to take advantage of this moment quite well.

In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.

but I think the bad impact of war is greater than the good impact, let's say the market and oil go up, but human lives are lost just because of the interests of a few parties who want to monopolize or whatever.
I would rather have other news cause Bitcoin to rise than war.

Everyone gets excited when BTC market prices increase. There's no denying that. The only problem is that fees soar like crazy due to high network congestion. Many Bitcoiners are already feeling the pain of paying over $15 per transaction, especially when other coins are faster and cheaper to use. Even ETH is cheaper than BTC right now. Unless the hype comes to an end, don't expect things to get better soon.

If you only rely in BTC as a store of value, high fees shouldn't be much of an issue. Bitcoin is now sitting within the $43k mark, with ample room for growth in the future. If spot ETFs are approved in the US, expect market prices to rise all the way to the moon. Even without the spot ETFs, the upcoming halving will have a positive effect over Bitcoin's market price. I'd wait until the dust settles to buy more BTC at a discount. But if you've bought early and are still holding BTC, I'd suggest you don't sell until the big pump. Who knows what surprises we'll find by 2024?

Yeah Bitcoin market have really done a lot of rollercoaster movement to the point that none can really anticipate which direction the price will go,  and since Bitcoin price react to a lot of sentiment as a direct propeller to it price movement this made it easier for Bitcoin price to react positively to the Bitcoin ETF news even though it has not been confirmed yet,  most time we tend to forget the fact that Bitcoin is an unpredictable assets when it comes to it value movement, so for that,  any one who is in for the short term price speculation must be ready to take some accurate and on time actions that reflect direction of sentiment as inline with their DCA approach or formula.

Take those that bought Bitcoin while it price was at it lowest point in the last discount touch where Bitcoin slumped and stayed below 20k region for a while before it start recovering to this present point,  by now if those who bought at that $15k-20k price benchmark are already in 1x+ gains at the present moments as Bitcoin have reached 45k+ already.
At this moment,  we can't declare Bitcoin bullisness as you call it because at some point,  45k price is still a recovery phase for us here and at that will wait to see Bitcoin touche at least 55k price benchmark before we can boldly declare the start of a bull market again and which I doubt if we can reach that price before the month of march-appril when the Bitcoin halving will occurs.

Recovery like now is certainly something that Bitcoin holders or Bitcoin buyers have been waiting for a long time because they also want more decent profits from the efforts they have made previously. So of course it wouldn't be wrong for everyone to celebrate this joy as a victory for those who have spent as much capital as possible in the past. I am also quite happy to see this continued increase even though transaction costs are also increasing at this time.

The market is often crazy, it reacts as it likes and the person with an in-depth insightful thought would always make their money for they would always outsmart it. Did you know that if not for this time of the season and in the Bitcoin cycle where halving is much anticipated Bitcoin wouldn't have reacted this much to ETF headlines and expectations? This is how the market is, it goes with some kind of strange mood as long as it sees the right sentiment to back it up. For real, the FOMO is pumping the market so well, it might reach $45,000 which I least expected this year. In my wildest dreams, I never thought that Bitcoin could reach $40,000 in 2023, not to talk of the level of $44,000 which it comfortably seated above now.

As everyone can see, it's an obvious bullishness for Bitcoin and I am glad that I made my long-analysis on it in October before all these and also advised those who had not started buying it to buy and DCA if that was what they could resolve to. It's all bullish and I can't doubt it if someone predicts that it will reach $50,000 before the end of this year. However, this might spell unforgeable doom for the coin since it's deviating from the widely expected pattern, and it might start so urgently if ETF is rejected. Well, let's see how thing unfolds and let us use our charts to guide and educate ourselves accordingly even as we make the right investment plans.

Definitely who wouldn't be happy to see that the price is going above $40k now? We might hit $45k if the FOMO is real. And perhaps the reason for the big surge is still the speculation about approval of Bitcoin Spot ETF. So everyone is very high on it  that we could see approvals already based on the positive sentiments of those who have filed. So it's just a matter of race on who will be the first one to get approval early next month.

So there is something that needs to be happy and excited, but we shouldn't sell any at this point though. Just keep on buying and selling, this is going to be fun to see that huge bull run that we all expecting next year with that bitcoin that we have save right now.