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Topic: Why Is Bitcoin Price Increasing? - page 9. (Read 1577 times)

jr. member
Activity: 408
Merit: 3
September 19, 2023, 07:57:07 AM
#34
Base on that, you have said it all in the respect to current Bitcoin price increase in the cryptocurrency market and demand is high and many institute and individual investor's are buying for next Bull Run market.
sr. member
Activity: 588
Merit: 289
September 19, 2023, 07:06:11 AM
#33
Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

There is no perfect time predicted for the price of bitcoin to increase, so we just have to be patient and possibly invest now before the price shuts up. The bitcoin market is unstable; the price dropped below $27k after this thread was started and it bounced back above $27k today again.

Some of the variables you mentioned above contributed to the movement in the market price, but we have no control over them; all we can do is cross our fingers and continue investing with money we can afford to lose.
full member
Activity: 2548
Merit: 217
September 19, 2023, 06:30:41 AM
#32
The increasing demand for Bitcoin is undeniable, with more users recognizing its potential as both a digital currency and an investment. This growing popularity is undoubtedly a driving force behind its price escalation.
yet, the price maintain its value over 20k and not even getting closer to 30., which means the price is stagnant up to now for how many months already.
Quote
Media coverage and events related to Bitcoin play a pivotal role in influencing its price. News, policy changes, and journalistic events can create significant fluctuations in the market, attracting both traders and investors.
you did not mentioned FUD that damages the running everytime.
and the changes as well.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
September 19, 2023, 06:22:50 AM
#31
While your analysis of why Bitcoin's price is soaring isnt entirely flawed, it fails to consider the very volatile nature of it. You mention much demand, but do you have any idea how much of that is fueled by pure speculation? People hear about the rise, they rush to buy, and they inadvertently push the price up more. Its a cycle, and its unsustainable.

About supply yes, its limited. But the concept is often misconstrued to mean that the value will inevitably go up. Did you forget about the demand curve? If demand vanishes, a limited supply wont matter.

Media's role? True, but misleading. The media can just as easily tank the price with negative reports.

Then, mentioning Investment and Technology as separate points without analyzing market manipulation or regulatory changes is downright naive.
legendary
Activity: 3248
Merit: 1402
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September 19, 2023, 06:22:48 AM
#30
The op listed very general reasons of why Bitcoin price can rise. In my opinion, demand and supply should be one point because they are interrelated. As for the media, it's a huge influence on the price, but it can both lead the price up and down. Blockchain technology isn't something I'd least as a cause of price changes because it remains largely the same while Bitcoin undergoes major evaluation changes. Finally, investment is a part of the demand to me, so also not something I'd mention separately.
And regarding this particular situation of the rising price, it was pointed out in the thread that it's probably related to Fed being unlikely to loosen up the financial policies (lower interest rate) any time soon.
hero member
Activity: 1120
Merit: 504
September 19, 2023, 05:42:56 AM
#29
The increasing demand for Bitcoin is undeniable, with more users recognizing its potential as both a digital currency and an investment. This growing popularity is undoubtedly a driving force behind its price escalation.
That is a general impulse that can occur gradually in digital currencies and also investment in digital currencies, but if I may explain it is more about the interest of many people in Bitcoin and the potential contained in it because Bitcoin always has better potential than other cryptocurrencies. So this influence occurs due to everyone's interest starting to increase when they learn about Bitcoin and ways to invest in it for the future.

Quote
Media coverage and events related to Bitcoin play a pivotal role in influencing its price. News, policy changes, and journalistic events can create significant fluctuations in the market, attracting both traders and investors.
Traders and investors will only be interested when they see favorable events and policy changes for the better towards Bitcoin. Because they all won't be that interested when they often see bad news that continues to be in the media involving Bitcoin, because news from any media can still be a very strong influence on many people's interest in something, including Bitcoin too. So everyone definitely hopes for good things in everything you mentioned.
sr. member
Activity: 784
Merit: 372
September 19, 2023, 05:14:05 AM
#28
Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

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.

Currently the Bitcoin market is a bit slow due to which the price of Bitcoin is very low. When Bitcoin enters a bull market, the price of Bitcoin will definitely increase.
Bitcoin is spread all over the world in such a way that people use Bitcoin as one of the means of income. And OP the information you presented has been discussed long ago and is outdated.
hero member
Activity: 1484
Merit: 726
September 19, 2023, 04:40:27 AM
#27
The number of wallets with 1 BTC is increasing. This is good for the market. This shows that Bitcoin distribution is happening proportionally. I can say that as a result of the proportional distribution of Bitcoin distribution, price volatility will also decrease. The increase in the number of wallets holding Bitcoin is a positive development for the crypto ecosystem and positively affects the Bitcoin price. But as long as the Bitcoin price does not stay above 27.700$, there is no need to get excited about the market. Because the 200 day moving average passes through the 27.700$ level. If BTC will be permanent above this price, then we will be talking about a bullish scenario.
It is also necessary to focus on Wednesday. The FED interest rate decision will be announced on Wednesday but i do not expect any surprises from the meeting. After Wednesday, the market will be on track.
sr. member
Activity: 700
Merit: 380
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September 19, 2023, 03:24:54 AM
#26
It is not known exactly whether there is any reason behind the increase in the price of Bitcoin, but we can imagine that the price of Bitcoin will increase constantly. While the price of science is likely to rise further from its current position, various studies suggest that Bitcoin will go higher than its current position. We can say for sure that Bitcoin will change in the future and we will see it. As the price of Bitcoin is increasing and its popularity is increasing day by day, we can definitely say that in the future people will buy more Bitcoins and the demand for Bitcoins will increase. The price of Bitcoin will increase mainly because there is no new supply to the market, but because Bitcoin is limited, the number of Bitcoin investors will increase and the demand for Bitcoin will continue to increase.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
September 19, 2023, 03:01:39 AM
#25
2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

The number of bitcoin is not increasing everyday means that it is limited so whenever people become more interested towards its investment then price moves in positive direction. I think that bitcoin success is spreading all over the world therefore the demand for it cannot decrease but it will increases because people are examining its success from past years.

When there is some fake news about bitcoin then price also changes but it is for shorter time because people trust in bitcoin and about its recovery. Some people leave bitcoin but the reason is not Bitcoin's failure but its the misunderstanding of those individuals who don't understand it and initiate bitcoin investment so in this case they not only loss their money but also make their life worst.
sr. member
Activity: 882
Merit: 215
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September 18, 2023, 10:06:44 PM
#24
Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

The question is Is more institutional money going to make things work? Still, I wanted to give myself a little time to prepare. At this point, I'm happy to stay full and slowly watch the markets, prepare a summary of 2018 and prepare my methods for 2024.

Will we see another major correction again? It's hard to know, but forks cause volatility, But, I believe because Bitcoin is much more stable than altcoins and there are many other trading influences on the price.

Yes. I hope BTC continues to increase.
legendary
Activity: 2380
Merit: 2369
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September 18, 2023, 09:34:58 PM
#23
Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing.
Bitcoin's price has been increasing for 10+ years at this point. Of course there are dumps and moment, like this, where the price is still below the previous ATH but whoever bought bitcoin before 2021 for sure is in profit. And those who are currently taking a loss just need to be patient, don't sell, and sooner or later they are going to be in profit as well. The reasons behind bitcoin's price increase are always the same at the end.
legendary
Activity: 2506
Merit: 1394
September 18, 2023, 08:48:12 PM
#22
(......)
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.
This is the most awaited time for me, after a long bear market we experienced, it will be worth everything. I believe the demand, especially from retail investors, will drive the price of Bitcoin crazy and I believe media and demand will combine and we will see the reaction of the price of Bitcoin.
hero member
Activity: 1372
Merit: 783
better everyday ♥
September 18, 2023, 03:34:51 PM
#21
It seems that you overlooked the geopolitical situation. More and more individuals see bitcoin as a hedge against global economic volatility and currency depreciation. In nations where prices soar and economies collapse, individuals turn to decentralised assets like Bitcoin. Maybe that's too complicated for a simple analysis, though.

Well, well, look who's turning into a Bitcoin scholar. I would have expected a little bit more depth given the massive 2 merit and over 2000 posts. Hey, not everyone is a specialist, is they?  Roll Eyes Roll Eyes
hero member
Activity: 966
Merit: 588
September 18, 2023, 03:14:10 PM
#20
I'm curious how the bears managed to keep the price this low for this long. The halving is almost upon us, ffs! (And the speed of fiat value going down we already know, I hope).

* miners get somewhat bigger rewards and allow themselves to sell cheaper
* some big players are manipulating the price like hell until they fill their coffins
I'm still wondering what the heck the price of Bitcoin is doing down here at this point sitting at a cheap price of $27k and below $30k, but I sense that a Major contributor to this is that the Fed is tightening up the printing rate and is no longer printing money as before,  thereby shrinking the liquidity that is supposed to flow into the market and drive the price way up.
legendary
Activity: 1554
Merit: 1139
September 18, 2023, 02:59:33 PM
#19
Permit me to digress a little but then, you’ve got so many activities and still stock as a Jr. member. This made me dive right into your profile and posts to see why and the evidence was right in plane view. Your spending way much time running bounties than you should have. Isn’t that time consuming for you? Chasing after worthless coins and tokens. You would do yourself more good if you shift your focus from the bounty section and be more involved in other aspects of the forum.



3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.
The media haven’t been exactly pro bitcoin by crafted the news. You find them being more negative in other to entice the government and cover the truth or aspects that could really project bitcoin potentials. Someone, all the negativity leads to doubt and research which eventually breaks the truth and you find more investors pouring in.
Creating a demand and supply curve which is very much appreciated.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.
I’m not sure on what message your passing on this one.
hero member
Activity: 966
Merit: 620
September 18, 2023, 02:56:12 PM
#18
 I got quite curious too about the speed at which it's price was going up. I was even expecting to see in the news that a whale had purchased a large sum or another spot ETF application was approved as such a thing was experienced when Grayscale ETF approval was granted. ATM, Bitcoin price is hovering around 26k and 27k. With exact price at 26,869.60.
Bitcoin has always been unstable and volatile so if it's high today, it shouldn't be that surprising. Many are expecting a bit stable price, especially as the halving is getting closer.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
September 18, 2023, 02:26:24 PM
#17
I don't see any positive vibes right now. The movement you have seen is just the result of normal trading. There is no significant pump; you can see it's been dumping right now. So there is nothing special here to pump Bitcoin. The reasons you mentioned are very old and common. When demand increases, the price pumps. But the current small pump is because of traders; if there is no volatility, then traders won't make money. Just be realistic and watch the movement.
sr. member
Activity: 476
Merit: 299
Learning never stops!
September 18, 2023, 01:59:18 PM
#16
Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

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.

This thread is actually  having what  most people once brought up ,not criticising your post it's an effort though because it's take some effort to put up a pos but you might want to check if your post has some contents have some which has been brushed by someone already before posting  besides, the search button is always there for you to check,it's a nice thread though as it can bring new engagements
Quote

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

They might partly be but not the main . The main is that it's getting more acceptable  and people keep hoarding it leading to its scarcity which eventually pumps the price.
However,  we have halving around the corner more hoarding has started  as they expects bitcoin price to rice after the halving that's make a 2x scarcity though it will drop a little bit after but according to its new price not as it old price. And currently i don't think it has started moving up but in no time there will be some massive changes and outcome.

I like your energy OP and I commend your efforts I'm still new in this too
sr. member
Activity: 504
Merit: 279
September 18, 2023, 01:33:08 PM
#15

Where are the market sentiments affecting the market gradually, and where is the narrative support behind it? I can ask plenty of questions on it as the topic doesn't hold any semantic and substantial load in it. I may have admired the post if OP had mentioned some recent developments that might get skipped from many other users, any on-chain activity report, and anything that should at least meet the time zone.

The points listed by OP are just general observations used to explain to a newbie why bitcoin has increased but this can’t be the actual point at this moment. Things like market sentiment or even the news that Mt.Gotx are ready to return investors hacked funds could have been better in this particular case. Not so many cases I would say that is causing the move that warrant a thread other than side way movement by investors either selling or buying due to the up coming halving
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