Why Is Bitcoin Price Increasing? - page 4.

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Quote from: danadc on December 05, 2023, 02:48:45 PM

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It may be that the price of bitcoin is rising because demand has increased , there are more people who want to buy bitcoin because they know that it is a great investment, and with everything that can be achieved when buying right now and hoping to sell much more late, for example, buy now and wait until the end of 2024, you would be making a lot of money, this is a lifelong investment, where the more time passes, the more strength the investment takes because the better price it takes, this is what is expected all the time to be done, based on how much they think about why ? It could be because the investors have planned it that way, if the big investors who are the ones with the most money see it that way, we who buy little by little because we must follow the big ones.

That is the fundamental foundation of Bitcoin price increase, because only when the demand increases that guarantee the price to increase and that is what has an impact much more on our understanding of how and what makes Bitcoin price increase or decrease because when demand increases, the commodity will become scarce and at that point, the value will automatically increase which will give birth to a competitive price.

Quote

Those who follow the big ones do well buying , and selling when they sell, that is the only way I have seen that they can Achieve the things they want, you only have to Follow those who know and those who know know that there is still a long way to go to go up.

We call such approach, the DCA approach and this is the most effective way to accumulate both bitcoin and the dollars at the same time using same formula DCA, with that too are sure that you may have short term Bitcoin price speculations and buying vs selling at regular proportions.

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Quote from: slashz9 on December 05, 2023, 08:06:21 AM

Quote from: Wiwo on October 24, 2023, 05:06:18 PM

To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

It may be that the price of bitcoin is rising because demand has increased , there are more people who want to buy bitcoin because they know that it is a great investment, and with everything that can be achieved when buying right now and hoping to sell much more late, for example, buy now and wait until the end of 2024, you would be making a lot of money, this is a lifelong investment, where the more time passes, the more strength the investment takes because the better price it takes, this is what is expected all the time to be done, based on how much they think about why ? It could be because the investors have planned it that way, if the big investors who are the ones with the most money see it that way, we who buy little by little because we must follow the big ones.

Those who follow the big ones do well buying , and selling when they sell, that is the only way I have seen that they can Achieve the things they want, you only have to Follow those who know and those who know know that there is still a long way to go to go up.

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Quote from: lixer on December 04, 2023, 11:50:22 AM

Quote from: mirakal on December 02, 2023, 05:23:57 PM

Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

It's the supply and demand that pushes the price of Bitcoin up and down, and no motivation or anything. People trust Bitcoin more than altcoins because of its qualities and properties such as decentralization and security and most importantly, scarcity. Altcoins in general are not completely decentralized because they are managed and owned by certain projects and their supplies are also controllable which means that even if they have a certain supply, they can always make a change in it if they want in the future.

So, because the supply of Bitcoin is limited and there will never be more Bitcoins than its fixed total supply, the price will keep increasing over time as the demand increases and more and more people become interested in it and would want to buy some of it for themselves and those willing to sell will start asking for more money for their holdings.

Just a simple economics subject on why we are really that pumping or increasing which specifically talking about on the demand and recognition of bitcoin on why we are really that experiencing these things.
We do know on a market on which it would really be just simply getting involved with those ups and downs. Market could neither have a bear or bullish market and it would really be that depending on several factors.
Now that we are really that seeing that its price is increasing then whats the reason? It would be always on the demand and some mix of FOMO. Grin

This is why you should really that make yourself that aware and really that wise on taking up decisions because if you dont then you are really that putting up yourself on a
hard situation because you would really be keeping on trying out to chase whenever it do moves.

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Quote from: Wiwo on October 24, 2023, 05:06:18 PM

To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this.

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Quote from: mirakal on December 02, 2023, 05:23:57 PM

Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

It's the supply and demand that pushes the price of Bitcoin up and down, and no motivation or anything. People trust Bitcoin more than altcoins because of its qualities and properties such as decentralization and security and most importantly, scarcity. Altcoins in general are not completely decentralized because they are managed and owned by certain projects and their supplies are also controllable which means that even if they have a certain supply, they can always make a change in it if they want in the future.

So, because the supply of Bitcoin is limited and there will never be more Bitcoins than its fixed total supply, the price will keep increasing over time as the demand increases and more and more people become interested in it and would want to buy some of it for themselves and those willing to sell will start asking for more money for their holdings.

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Quote from: mirakal on December 02, 2023, 05:23:57 PM

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

I know some people that were able to leverage the inevitable doom of altcoins that they're invested in because they know that though most of them fail, they all experience some peaks that we like to call the altcoin season which has happened before many times already and I think that the smartest and wisest ones are those that are able to utilize that potential and doom to generate more profit for themselves and at the same time if they are thinking of it, invest more money back into bitcoin to again hodl for a long time and generate more profit.

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Quote from: gunhell16 on December 02, 2023, 06:36:30 PM

Quote from: Wiwo on October 24, 2023, 05:06:18 PM

To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

I can only say that the reason why the price value of Bitcoin is rising is because of the hype that is happening in the news and in the market. It's really different when it's well reported. For example, it happened recently that someone reported that Blackrock was approved for ETF on a well-known platform, Cointelegraph, which published the same news. Though blackrock denied it.

If this is just fake news and there are a lot of hyped investors, how can it be that what is happening in this matter with Bitcoin is true regarding its price value in the market?

Bitcoin ETF have indeed become the major propeller to the current market value of Bitcoin and the surge in the price in recent times, much more also is the fact that Bitcoin is highly volatile and any event can easily affects it value in whatever direction possible and this is one of those instances.

Alot have been in the news lately on the development and possible approval of the bitcoin ETF by the United state legislators and cex which will open up a lot of opportunities to most Bitcoin holders, investors and speculator, trader and a host of all others.

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Quote from: Wiwo on October 24, 2023, 05:06:18 PM

To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

I can only say that the reason why the price value of Bitcoin is rising is because of the hype that is happening in the news and in the market. It's really different when it's well reported. For example, it happened recently that someone reported that Blackrock was approved for ETF on a well-known platform, Cointelegraph, which published the same news. Though blackrock denied it.

If this is just fake news and there are a lot of hyped investors, how can it be that what is happening in this matter with Bitcoin is true regarding its price value in the market?

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Obviously, bitcoin is intended to grow overtime. Its value keeps appreciating because bitcoin has huge potentials enough to see it consistently growing, unlike altcoins that are mostly pump and dump scheme. And knowing bitcoin remains on the top position and the king of crypto, then people will focus on bitcoin accumulation not only because the coin is hyped, but because investing in bitcoin for long term guarantees high profitability that is too far to happen from other crypto coins.

Besides, who would want to invest in such coins that are doomed to fail? People are smart and wise enough to trust only bitcoin, and that motivates bitcoin to skyrocket its price regardless of its high volatility.

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Quote from: Tiger420 on September 18, 2023, 11:24:27 AM

snip

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

everything you say here is very true, but I will add a little about the causes of the increase in the price of bitcoin, such as world economic uncertainty that occurred, investors immediately looked at investments that were safe and immune to inflation, namely bitcoin, and usually, the adoption was carried out by large companies greatly influences the price of bitcoin too. In essence, market sentiment is something that has a big influence on the price of bitcoin, without market sentiment, the price of bitcoin is unlikely to move very volatile.

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The price of Bitcoin is increasing at the current rate and will reach even higher in the future. Although the current price of Bitcoin continues to hover around $34,000, we may see it go higher before the halving. The main reason why Bitcoin price increases is because every four years Bitcoin halving happens, and then the Bitcoin market gradually moves to higher levels. Moreover, the Bitcoin market is constantly changing and the demand for Bitcoin is increasing, thus investors are interested in investing in Bitcoin. When the amount of investors HODL Bitcoins invested then the demand for Bitcoins increases, that is why the price of so many coins increases in the market. Moreover, the supply of Bitcoin is stable due to which its supply will not increase any more and the market is getting huge demand for Bitcoin as the days go by. Quantity supply is why the bitcoin market has been so high and will continue to go higher in the future when people have a small amount of bitcoins, the price of bitcoin will probably be at an all-time high.

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Quote from: Abiky on October 25, 2023, 06:30:57 AM

Quote from: fzkto on October 24, 2023, 10:18:53 AM

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

It's all because of the hype surrounding the spot Bitcoin ETF approval by the SEC. As far as I know, nothing has been confirmed by the agency. It could decide to delay the application again, leaving us all in suspense. Once this happens, market prices could go back to the $25k - $28k range. The real pump will happen once a spot ETF is officially approved by the SEC. That, combined with the halving event of 2024, should lead BTC towards a new ATH.

I hope we'll have enough time to buy Bitcoin at a discount before it's all over. There are a lot of companies invested into the cryptocurrency after all. With surging demand from institutional investors, it's very likely Bitcoin will reach $100k soon. This is all speculation, so lets hope for the best. Wink

But it is true that bitcoin has recently increased due to the circulation of the ETF Hype, and shows that bitcoin has started to be listed on Nasdaq, and there is also a narrative from SEC members themselves about ETFs that should have been accepted several years ago, which shows that among the SEC there are those who are pro bitcoin.

It should be seen that we will experience a big positive double moment for Bitcoin in 2024, namely the halving and the approval of this Bitcoin ETF will cause a significant increase in spot Bitcoin adoption, as a market mechanism, institutional investors will be more confident in Bitcoin in the future, which will make them also collect bitcoins sopt to hold in their wallet.

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Quote from: fzkto on October 24, 2023, 10:18:53 AM

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

It's all because of the hype surrounding the spot Bitcoin ETF approval by the SEC. As far as I know, nothing has been confirmed by the agency. It could decide to delay the application again, leaving us all in suspense. Once this happens, market prices could go back to the $25k - $28k range. The real pump will happen once a spot ETF is officially approved by the SEC. That, combined with the halving event of 2024, should lead BTC towards a new ATH.

I hope we'll have enough time to buy Bitcoin at a discount before it's all over. There are a lot of companies invested into the cryptocurrency after all. With surging demand from institutional investors, it's very likely Bitcoin will reach $100k soon. This is all speculation, so lets hope for the best. Wink

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To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.

Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.

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Quote from: fzkto on October 24, 2023, 10:18:53 AM

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

I also think that a fall is still very possible for Bitcoin, but when I saw the price increase that occurred in Bitcoin today, I started to have a slight idea that it might be caused by the large number of purchases of Bitcoin by people who wanted to have more Bitcoin before this year ends so that the price increase begins to become more clear and real. And it is also very possible that this could continue for Bitcoin if the level of buying demand continues to increase this month, because I was also a little surprised when I saw the price of Bitcoin rising so quickly to $35K.

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Quote from: Abiky on October 24, 2023, 09:38:18 AM

Quote from: Nrcewker on October 19, 2023, 07:44:06 AM

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

The cryptocurrency market is very manipulative. Now there is a huge price increase and there is no certainty about what caused it. Many people are talking about the approval of bitcoin etf, but this news or a week ago. No one knows exactly why the price has risen so much now. But it could happen that it could fall just as quickly.

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Quote from: Abiky on October 24, 2023, 09:38:18 AM

Quote from: Nrcewker on October 19, 2023, 07:44:06 AM

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

You're all right and this can be attributed to any of your various reasons, meanwhile, let's not forget that the breaking news on the ETF approval of BlackRock that sprouted the second time also is a major push on why this sudden sporadic increase occurs, this forum has been a major source and reliable means of getting any well approved trending news from a genuine source, when it firstly arrived here that bitcoin spot ETF was approved, then alot of people awaiting for this take advantage and the market continue to rise untill BlackRock themselves make the declaration that it was fake, but wether this happened intentionally or not bitcoin will always rise.

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Quote from: Nrcewker on October 19, 2023, 07:44:06 AM

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

Not only prices move according to the rules of supply and demand, but also because of what happens in the real world. Certain factors (like rising inflation rates, wars, government regulations, etc.) could impact market prices for Bitcoin (either negatively or positively). The crypto market is still small, so expect wild fluctuations in price. As of now, BTC has reached the $30k milestone. It could be the result of a rumored spot ETF approval by the SEC.

If the US regulatory agency gives the "green light", it's likely the market will turn bullish. That, combined with the halving event of 2024, should help BTC reach a new ATH. We must grow our BTC holdings before this happens. Who knows if we'll never see prices below $25k ever again?

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Quote from: Nrcewker on October 19, 2023, 07:44:06 AM

Quote from: Onyeeze on October 18, 2023, 06:18:02 PM

The funny thing in bitcoin market is that when the price of bitcoin is increasing some will be appreciating the good will of bitcoin and when the value of bitcoin will be decreasing same people will complain about the price of bitcoin

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

True and I see now that it is not uncommon for those who come with the intention and only think of profit, when bitcoin experiences a decline it is clear as discussed above that some of them will doubt bitcoin because of its decline, even though it is clear as you said the decline in bitcoin is one of the opportunities they can take to realize something they always want, namely profit. There is no instant profit unless they are willing to take at low prices and wait for some time or even years to be able to achieve maximum profit with the capital they bring.

Of course supply and demand have a very important role, when one of the two exceeds the limit then there will be something significant happening, for example an increase due to very high demand, it is clear that with the conditions of a decline like this then most people will come and take the lowest price according to them, and if 90% of them take advantage of opportunities like this when the price is below then obviously the increase will occur soon because the market demand is very high.

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Quote from: Onyeeze on October 18, 2023, 06:18:02 PM

The funny thing in bitcoin market is that when the price of bitcoin is increasing some will be appreciating the good will of bitcoin and when the value of bitcoin will be decreasing same people will complain about the price of bitcoin

This is the human nature mate. They only care about is profits. They don’t treat the price fall as opportunity. When the price falls they should treat is as a chance and should buy the high value coin in low prices. Nevertheless, coming back to OP’s concern, then supply and demand plays the important role for making the price of coin go up and down. When the demand is high price goes up, and the reverse happens when demand is low. All this happens due to the fix supply of Bitcoins.

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