Topic: Why Is Bitcoin Price Increasing? - page 7. (Read 1496 times)

Everybody wants BTC market prices to rise to turn a profit. The panic begins once prices go all the way down the drain in an instant. Most people sell their BTC holdings due to FUD, while a small few keep buying and holding the cryptocurrency no matter what.

I wouldn't worry that much about BTC's price, especially when Fiat is bound to collapse soon. With deflation "baked" into the protocol, it's likely BTC will reach new ATHs for the forseeable future. Who knows if someday Bitcoin goes as far as $1m? Just my thoughts

Yeah people are always scared of the dip but the truth is that it's actually a time to buy especially when the halving and the proposed bull run is this close because for me I think that's the only opportunity that one would actually get to buy for the closing period before the bull starts pumping. But many investor don't actually have that mind to even buy and many prefer selling off even the little that they have saved.

Many individual makes their decision based on the influence of what the  public is saying, when there's a dip in Bitcoin prices and they go online to see people saying more dips will follow, they begin to have FUD and not invest in Bitcoin. When Bitcoin halving is done, we'll still have many individual that'll be waiting for the market to dip again before they buy. If Bitcoin falls to $20,000 many individual that said they'll buy when that happens will still not buy because of fear.

I don't think we should wait anymore because Bitcoin has fallen to a very low price and now is the right time for we to start buying Bitcoin in preparation for the halving and next bull market that's coming. If we keep waiting, it might become too late by the time we start buying.

This should be true - so this is not just optimism.
The halving could dictate something in particular regarding a possible increase in coin demand - but until then, prepare your portfolio.

There's a good chance of expecting a return from a bitcoin investment - but the best advice is about long-term planning. I believe the halving could drive more demand so it will affect prices, not to mention if there is FOMO.

How is that any reasonable expectation on…
That an expectation of a halving to account for a price drop? The opposite is usually the case and what should be expected. Halving counts towards reduction of block reward to miners, Bitcoin investors tend to hoard at this time by hodling on wallets in airgapped device and many other means to hodling, hodling leads to scarcity and scarcity leads to buy pressure on bitcoin. That becomes relative to altcoins as well so,
How should we expect a price drop again…?

Yeah. The idea would be a price drop to open up a buying opportunity but people always anticipate for further dumps and tends to wait but what happens, price pushes back up and in there continued anticipation on further dumps, they miss what they had been waiting on.
That’s why, yo DCA when you have the funds to invest is always a more acceptable option.

It's the people or a new investor who doesn't know how bitcoin price works, from my understanding of bitcoin the price value of bitcoin always changes and their is a way the price will fall even the upcoming investors will be scared of investing in bitcoin, so I know quite well that bitcoin investment have to do with advantages and disadvantages from my understanding, so any investors does not been discouraged whenever the price of bitcoin crashed because his or her already knows that bitcoin falling is at advantages of investors who wants to purchase more of bitcoin and same thing is applicable for someone who has invested for long time and the market of bitcoin get increased, so in cryptocurrency investment their is every tendency that price increases and it will become advantages to the investors and it may also decrease and it becomes disadvantages for investors as well, the main target of any investor is to propagate.

The fall has created a serious panic in the market several times already. Especially in March 2020, when just like now there was a small rise and then a very big fall. By the way, the halving was closer that time and even the bravest bitcoiners succumbed to panic. So it's better for everyone when bitcoin is rising.

A lot of retail investors are usually confused about the time when they should buy Bitcoin, they keep asking themselves and others whether it's a good time to buy right now and they keep missing the opportunities because of that. I mean, what's the confusion? Bitcoin is the best cryptocurrency and if you have seen the history, it has always proved people wrong who said it can't go up anymore and has always recovered its price after crashing.

So you have nothing to lose even if you are buying at $30k or $35k if the price of Bitcoin reaches its previous all-time high or even if it reaches $50k. Those who are usually confused should basically use the DCA method for buying so that they don't invest everything at once and then regret if the market dips again.

If we are all waiting for next year's halving, that means we will only sell bitcoin during the bull season and when bitcoin makes a new ATH. So, we should feel happier if bitcoin drops more instead of increasing in price, because when the halving happens no matter what the price of bitcoin is, it will still recover and increase and create a new ATH. Furthermore, if the price of bitcoin price increases now, we will not sell them, if we have already decided not to sell our bitcoins then why do we expect the price to increase from now on?

I'm talking about levels lower than $25k, not just $25k, because the gap is so small from current prices.

Sometimes you will not blame them, some people doesn't research or inquire before speculating the prices of bitcoin, assuming op have a nice data or knows how to interprets the chart and movement of a candle sticks it would have been better, because I understood that some of us in the forum just make a random predictions of bitcoin or give an information that is not accurate in bitcoin price, so it's obvious that since Bitcoin price drops it's just fluctuating because it has not clamped above thirty thousand to thirty five thousand [30k-35k] so in what aspect is bitcoin price is increasing, that is something I really wants to know towards bitcoin price, op is just giving or rendering information that is not accurate, according to you, as for the time op posted this thread the price of bitcoin  was at twenty seven  [27k] so what was the increase signal op is emphasising on. That is the reason I always tell some of the investors to observe very well before depending in some predictions and speculations of bitcoin  marketcap price.

Even if Bitcoin drops to $10k  I still think it is pretty good.  Since the Bitcoin market is known as highly volatile, it is not a surprise if Bitcoin price goes down heavily.  When the price drop, it is good to accumulate more, just ignore those people who have a negative reaction to the price drop, they won't give you a profit anyway.  Besides what is is to fear when the Bitcoin price history records how Bitcoin is able to recover everytime it is heavily dumped.

If you did not sell when bitcoin price was at $30,000+ is now that the price is battling between 26,000 and 27,000 that you want to sell, instead of making some gain, you might end up losing some money on the process of selling now, this the kind of panic selling which traders and holders are warned upon, when you panic sell because of your fear for price dump in the time to come, you lose some money which you could have earned by just being a little patient with the price.

And anytime you sell off some bitcoin, you lose the chance of recovering what ever lose you incur due to the negative price change, as long as you hold you bitcoin and don’t sell, you will gain back what ever lose the dip market might make your portfolio experience.

There are just too many reasons and factors that are affecting the market price of Bitcoin and other cryptocurrencies which just means it's impossible to predict it accurately most of the time, I mean there are times that you might predict it and get lucky but sure there are always times where you're going to lose money or get the wrong prediction. That is why it is still a very risky investment even though we all believe that Bitcoin is going to increase its market price in the future, I mean we dont really know if Bitcoin is still going to exist in the coming years, because it has a volatile market price something could easily happen and drops the price to zero, It is not probably going to happen easily but there is always a possibility.

But if we are just going to base on the past timeline of Bitcoin we could easily predict that the market price is going to multiply in the coming years, also we are already seeing how Bitcoin and cryptocurrency are adapting all over the world, even to the day I can already see cryptocurrency adapt in a lot of platforms, it is already supported by some banks here in my country, just imagine that in the past years we thought that cryptocurrency is gonna be the one that is going to kill banks, but today you can now buy and sell cryptocurrency using some banks platforms.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Well that makes little sense to me, on the other hand there are a lot of investors who want a moment where the price drops lower and after that they will buy more and then hoard it for a certain period of time. But well maybe some of them have already bought at $25k so they don't want the price to go back down to their original purchase point, I think this is one of the more plausible reasons why some of the investors are resisting the price drop. Of course I agree that every drop means that indirectly bitcoin has given us the opportunity to start our best plan to buy more and HOLD as long as possible, or if possible until reaching ATH.

Actually now also bitcoin has shown a big enough opportunity for investors, as we know now bitcoin is in the $ 26,500 area and previously also bitcoin has touched the lowest support area that has occurred in the previous few months, the point is now there is a great opportunity because bitcoin has touched the lowest support and there have been sideways and indications of price increases, now the price is still experiencing a correction and I say this is a pretty good opportunity for you to increase the amount you have. I hope you will always be consistent in doing HOLD.

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

It all boils down to one point, which is supply and demand, the supply of Bitcoin is limited and so when the demand increases, the price increases with that. All other points basically only add up to the main point because no matter what the reason is for which people want to have Bitcoin, it basically increases the demand which is the fundamental reason why the price of an asset keeps increasing over time, now since it's free to grow and the demand keeps increasing, it keeps going up.

However, if we consider the reason why most people are adopting Bitcoin these days is because they want to earn money and they can clearly see that the price of Bitcoin keeps going up which provides an opportunity for them to buy when it's relatively low and sell when it is higher than usual.

There's nothing we can do other than wait until the global economy shows signs of recovery for BTC to reach a new ATH. It's already the world's "best performing asset". Whereas stocks are struggling to get back on their feet, Bitcoin's market prices have remained relatively stable (between the $25k - $30k range). If everything goes back up again, it's likely Bitcoin will finally get past the $100k milestone.

For what I know, "all cards are on the table". Big investment companies, as well as, mainstream governments are joining the game. Who knows if many of us will become filthy rich by the time BTC goes all the way to the moon? Just my thoughts

We already know that these factors contribute to the rise in the price of bitcoin, but I'm not sure how this relates to the $27k price of bitcoin from yesterday.

What would you say about the current fall in price from $27k to $26+ if this were your own justification for what caused it to be $27k? Is it that what you mentioned that triggers the price of bitcoin to $27k has decline overnight?

What you need to know, OP, is that the price of bitcoin is volatile. Her price fluctuation in both an upward and downward direction is foreseen.

The resistance level are still strong and it doesn’t confuse many because its expected after trying many times, probably this is not the right time for the breakout but at least Bitcoin is trying and we are trying to beat the record last Month. DCA is still the best option to do right now because the market is unpredictable and we have to make sure that we are catching this cheaper price for us not to miss any opportunity, Bitcoin will rise in time and let’s hope for that before the end of the year.