The Rise of Bitcoin

Nathaniel

Member
We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?

Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.
 

Asher

New member
What are the reason behind the rise of bitcoin?
Is there really a reason for this bull move for a week now?
Well none that I can tell of. I noticed a bull run was preparing to happen since price was between 9 to 10,000. Now price has gone above 10000, we just have to enjoy it.
 

Jaxon

New member
Try to read some news or articles related to recent bitcoin spike so somehow it will give you an idea. Not totally those are the reason but somehow you can draw a picture on why the spike happened.

I will give you one, https://cointelegraph.com/news/why-bitcoin-suddenly-spiked-to-10-200-liquidating-75m-in-fast-rally

From there, it will feed your mind about some of the reasons and you can use those as references.

This thread is way more appropriate in the Speculation thread. You can consider moving the thread there.
 

Lincoln

New member
We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin.
$500k? it became $11.1k but not $500k. And to those who endured the bear market and still held their bitcoins, they all deserve the profits that they have.
But,to what extent bitcoin will raise more today?
Nobody knows.
Do you think ,what happened last 2018 will happen again this coming months?
It can still happen
What are the reason behind the rise of bitcoin?
It can be composed of many things, the halving, the helicopter money, the defis and so.
 

Dylan

New member
Truly the rise of bitcoin has started. I am overwhelmed seeing bitcoin price increase from $9k to $11k today.
Wasn't expecting bull season to start so soon like this due to global pandemic. Now bitcoin has prove herself that crypto market is unpredictable. Nobody knows what the future holds for us all in cryptocurrency generally.
This year's bull run will be more bullish than 2017 bull season
 

Anthony

New member
That's right, the appropriate board of this discussion should be on Speculation board as what harizen said.
If you don't know how to move a topic, heads up on this thread and learn how to move the topic. [Lesson] How to Correct Move Topic.

There are too many theories and speculations about this recent Bitcoin price surged. I have doubt that these theories might the reason of Bitcoin price pumping up until $11k are:
  • Effect of Bitcoin halving that the most anticipation to have Bitcoin price hike this year
  • Because of Defi platform, investors start investing crypto
  • Safe haven investment, fear sentiment due to pandemic victim

TBH, $500k will might take time before we will reach that range of price. That was too much prediction for this year.
 

Gabriel

New member
We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin
Exceeded $500K? What charts and price tools are you using mate?
Grin

How i wish that was the price of 1 BTC right now.
What are the reason behind the rise of bitcoin?
Same reason every other time. Demand. It's how the market works.
 

Arkadi

Member
We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
Dont let yourself get with the hype or such increase because if i were to say that this is just an another normal day for Bitcoin where it can swing its price more than 10% in a day.

Does it looks something new? No its not and this had been a behavior of btc.The thing here that it did make up sideways movement or stagnant for a long time thats why when the price move into this intensity

then people do already have thoughts or things in mind that this might be the start of the bull run.Dont let your hopes high that much because it will just frustrate you when things

goes into correction time.
 

Anatoly

Member
TBH, $500k will might take time before we will reach that range of price. That was too much prediction for this year.
Yeah, and I'd find it very optimistic to anyone could think about it. I'd rather have to cry asking for help on how I can buy a few sats because it is really expensive. I can't afford it, though. If we can reach back to $20k again, I really happy with that and I am contented enough. Maybe there is no wrong if we ask for more but the situation is really out from reality that it takes.

Anyway, we live in this kind of speculative market and I know that everyone is never hoping for deep lows but a satisfying price. That is no wonder why people are looking for a higher price than it lives at $10k, $20k, $50k, it gonna be more.
 

Oleg

Member
Give me a few minutes and let me consult my magic crystal ball..
1605091541524.png
.because we can definitely know what will happen with the price
 

Sacha

Member
Exceeded $500K? What charts and price tools are you using mate?
Grin

How i wish that was the price of 1 BTC right now.

Same reason every other time. Demand. It's how the market works.
The OP is reading a different chart..maybe a chart of his inspiration???

this rise has long been overdue. before the pandemic situation, we are already in the $10k level. because of this crisis, we slumped again. but look at where we are now - going back up again. when you compare it last July-Aug of last year, we are now again experiencing the same bitcoin price level. so just be happy of what we achieved despite of this pandemic
 

Olezka

Member
The trend will not always going up so expect a little correction and don’t think that the last bull market will happen the exact same thing right now because we are on a totally different situation. Bitcoin rise again and to those who are holding are still thinking to hold more, I suggest to focus on your selling price and don’t be greedy because the up trend is still unpredictable.
 

Pavel

Member
What are the reason behind the rise of bitcoin?
I'm just going to take this question ...
Sometimes you get a "reasonable" answer because "noticeable" events occur that determine that increase, many study these quantitative elements, and then the predictions are born.

So the "reasons" for bitcoin's rise are in some ways usually known after they happen, others are actually an organic effect, a product of the entire ecosystem called BITCOIN CORE / bitcoin / users / markets.

Perhaps some will risk saying that other factors must be added, such as social factors, effects of traditional parallel markets, unforeseen effects such as the pandemic, these effects we can call qualitative. In my opinion, bitcoin has surpassed them and demonstrated that its influence on the "BITCOIN CORE / bitcoin / users / markets" ecosystem is not as important or influential as previously thought, at least not at this precise moment.

All of the above is only a "clue" to begin to have an "idea" of the unforeseen increases that sometimes in recent times exceed 10% in just moments and that surprise many "new users" who just arrived and generated the question that you very reasonably do.
 

Akim

Member
I am so happy that bitcoin reaches $11k yesterday, I really shocked about this because there are no predictions from an expert about some big movement of bitcoin. It only means that bitcoin is really unpredictable, there is no person who can predict what will happen soon to the price of the bitcoin, one thing for sure is that bitcoin could reach higher than that because we're still in pandemic.
 
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