Bitcoin Forum

Bitcoin is up about 22% in the first 15 days of 2020, notching its best start-of-year surge since 2012, The Wall Street Journal first reported. We expect institutional interest to drive prices higher throughout the year. Altcoins have also soared!

But I want to hear from the senior members what can be the reasons for increasing the Bitcoin price? How the market sentiment is working now? Will it increase more?

Because supply and demand. And stop asking about what's going to happen with it's price because obviously no one knows.

I've definitely noticed that, since I have some Dash that more than tripled in value since I acquired it.  I was shocked to see that happen, to say the least.

Also, I think it's awesome that the WSJ is reporting on crypto.  I'm pretty sure it's not the first instance of it happening, but I always smile inside when I read threads like this that mention mainstream media coverage of bitcoin.

As far as the "why" behind the rally, I don't think anyone can really pin it down.  People were saying that it was the US-Iran situation when we saw the first little bump, but that situation settled down and bitcoin continued to rise.  Probably the only thing anyone could really point to is the upcoming halving, but nobody can really say that for sure.  Anyway, it doesn't matter to me all that much why these things happen.  I'm just glad bitcoin is starting off the year on a high note.  It's good to see.

Okay, let assume that I have a crystal ball to speculate the bitcoin price and know what the possible cause of hitting up in the bitcoin price.
Sorry, but all of this is just speculation and there's no accurate answer regarding this matter.

1] Probably just because of the recent war between Iran and the USA, market stocks were affected and had become mass adoption of crypto.
2] the price of bitcoin goes up just because it is going up, nothing less.
3] Accumulation and getting ready for the upcoming next halving.
4] If I know, maybe I am the reachest man on earth.
5] unpredictable

My opinion is because the demand for bitcoin increased slightly so that this increase also occurred at the beginning of this month and there was a big pump yesterday but it still did not side with bitcoin and only on other coins.
I think there is no reason whatsoever about the rise in the price of bitcoin because it is very fluctuating so it cannot be confirmed and only positive predictions.

Bitcoin reward halving in this year.I think bitcoin pump is simple. If you follow last years pump few pump was without reasons.Also there is one more reason iran and usa war.but we will see more pump next few months.     

That reason about the conflict of US and Iran is already done and the only thing I could think of the pump is they were trying to hype it. But it doesn't seem to go down after that, it might be people are starting to buy and accumulate as much as they want because they are preparing for the Bitcoin halving effect yet that would take effect next year.

It's very hard to conclude a single reason for the bitcoin rally because bitcoin is truly international in every sense! If it was a local currency then it would have been easier to conclude but that's not the case for bitcoin. So I can think of few reasons which may have played a background role,

1. Upcoming halving may have started factoring in.
2. US - Iran war situation may have pushed people to look for alternatives which are liquid in nature.
3. The upcoming judgement on CSW case on proving the ownership of Satoshi's bitcoins.
4. More avenues have opened for institutional investors in late 2019 which has finally started getting traction.

So probably all these reasons have started pushing the bitcoin price higher. But can't really be a single reason there!

I don't think that there is any major reason for that other than the halving and maybe the US and Iran threats to each other and the tempo seem to have reduced, this is why price too have been stable lately.

It may be related to the US and Iran problems, but also it can be some huge manipulation by whales, but it's always due to the supply and the demand of bitcoin. It was really a good increase in the last few days, I even noticed that bitcoin sv increased a lot after that it was like 80% profit in just a few days which it's really amazing and not expected.

There is nothing to connect with the growth of the price. If the growth have taken place it could've been a big headache, and the growth is just a friend of my mother. This enriches the entire flowers and it is quite hard. Already we've discussed much on the floral arrangements which also a big part of the baby pakrathu.

BTC is being traded at 8.6k, undoubtedly nice opening since 2012. May be positive CME launch along with Iran USA war tension are the catalyst so far. Not only btc but top 100 alts are going north. Exchage traded bitcoin option was introduced in Chicago mercantile exchange and thus institutional investor will start investing in crypto

Everyone expected and still expect prices movement for halving. Halving is one of the biggest and important evert for Bitcoin. So miner rewards will decrease from 12.5BTC to 6,25BTC. So they have to sell their BTC with higher prices than now. It is biggest affect.

And people is hoping much more performance from Bitcoin. For example I never sold my BTC's with this price. It may not reach 1 million ever but I think it can easily reach to 100K. So Bitcoin is still so cheap.

I also read some news about Twitter and Bitcoin lately. I don't know it has any affect about Bitcoin's price but it would be great. It's written that Twitter will accept payment with BTC some upcoming features.

The alts are depending on bitcoin that's why they are soaring too. The most potential reason why bitcoin is going up is due to the upcoming halving. It seems that more people are getting involved now and giving importance to the said event.

But it couldn't that be the reason and there must be something else or we can say that the market is naturally growing due to the adoption that we're getting everywhere. And isn't that great that we're seeing now a correction that will open now the possibility that it will rise again for the 2nd time around?

The main thing is that people's expectations have eased up quite a bit.

It used to be incredibly bearish back in 2018-19 but now, with the halving on the horizon as well as the fact that there were some positive institutional investment progress going on back in 2019, there is much stronger demand for BTC especially for the long run.

Essentially, it's just a natural part of the BTC price cycle which repeats itself every ~4 or so years.

Perhaps the tensions between US and Iran has contributed, but I doubt by that much.

In my opinion there are two reason for Bitcoin pump.

1. Accumulation because of halving
2. The middle East unrest may be another reason for the Bitcoin pump.

I do not think any other reason is responsible for the price surge. Anyways it was said in this forum many times that in 2019 Bitcoin price will go up and in 2020 and it might reach a new AHT in 2021.

Newbie or senior members, big or small names, all will head to their own speculation and thoughts.

To somehow feed your mind, go to your favorite search engine and type the keyword "bitcoin price pump".

From there, read recent news, speculations, and analyzations from various sources. After spending time lurking at those sites and articles, I do believe you will now have some insights about what could be the possible reasons for this increase.

And to your last question, it is actually shouldn't be a question*.

In the crypto space it is very difficult to precisely mention reason for the growth of bitcoin. Based on different factors it keeps pumping and dumping. This time there is stabilized growth happened and the same took the price above $8000 in a short. Possibly the demand keeps growing providing large scale growth. More positive news associated with cryptocurrencies is a big reason for the growth of bitcoin.

Thing that had been tied up into this bitcoin price rally.

-Bitcoin halving
-US-Iran war
-CW issue

But to give out conclusion about the real reason then theres no one would able to point it out.Market is always been like this
even if theres no news, it can soar nor increase that high without even knowing the reason behind.

If you will analyze the chart, the real reason why there is rally is because of the buyers that are now in control, the uptrend is now currently forming and it is a good sign because we will now see that the chart forming higher highs and higher lows. I am not a fundamentalist so for me the bitcoin halving, the us iran war and cw issues are not factors why there are price rally happened.

Just be happy that bitcoin started to go up again, and its really good for us but we can't tell the real reason for this up since a lot of hype and news in the market. Hoping that it will increase more, there's a lot of time for improvement this year and I also expect for bitcoin to be on this situation again, let's go up until we make another ATH.

It is a nice combination of several things:

- new tax year
- halving in May
- CME future options
- institutional expansion(fidelity custodial solution to Europe)
- overall good market sentiment with the feeling that the bottom is in
- good media coverage
- overheated stock market

You won't know the exact reason on why price is increasing. There's many possible reason, it could be the war, increasing demand because they are getting ready, upcoming halving, someone pumping it, etc. No one exactly know the reason, same with no one exactly know what were going to happen. Everything we read and create by our own mind are just assumptions, speculation, prediction, etc. base on what we are seeing in market condition or economics.

Institutional investors are a myth. We're hearing about this every year and all Wall Street does is short futures and scam us by getting hopes up and then not delivering. There was supposed to be an ETF but there isn't. Bakkt was delayed and when it finally launched the volume was low and it wasn't even backed because almost all users were trading fiat futures there.

The reason could be war because gold and oil prices also went up and Bitcoin is closer to commodities than stocks.

I agree, truly there are so much factors that must be considered in concluding market price rally. Not only the major events that occur but as well the minor factors out there happening without having so much notice. Or else, may be, the most common one is the Whales who manipulates the price just to drive our attention to major events.

even seniors can't give you exact answer mate because cryptocurrency market is very volatile and anything can happen here and there.

-there are some thoughts about manipulation(issue that is normal talks ever since)

-there are some says this is just a Bulltrap(also close to reality)

-and others say that this is about Craig Wrights case(being given ultimatum by judge to prove him being Satosi Nakamoto until February )

There will always be combinations of different factors. I am seeing good news plus a positive sentiment with the entry of the new year where the block reward halving is going to be implemented. CME is also launching options on Bitcoin futures. And of course people are already buying as the previous years were not so good. It cannot be bad all the time. 2020 could change it all.

The recent surge in price of Bitcoin I think has a connection to the USA and Iran war situation in which Bitcoin was used as a store of value. Since there is no much after Trump remarks, then the whale capitalize on that to retain the price and move it higher.

the same reason why bitcoin price has been rising for the past 11 years! increased adoption while having a limited supply and being useful. everything else is just noise in the background that could cause some short term change in the speed of the rise. for example hype can speed it up and bubbles can speed it down. but in the end price continues to rise as more and more people adopt bitcoin, the only decentralized currency.

you noticed it because you aren't trading altcoins and aren't looking at the altcoin market. instead you bag hold certain altcoin(s). what happens is that altcoin market is like a queue, each coin has its turn to be pumped. smaller coins get pumped more regularly while bigger coins less regularly and with smaller pumps. but they all get their turn. so when you bag hold only one or two you only notice the pumps occasionally instead of seeing them happening every single day.

A lot of people quoting the Iran-USA war as a reason for why BTC has rallied.

I say that firstly, there has been no substantial escalation of tensions since the first retaliation from Iran. And neither country have declared war. So there is really no "war" to speak of, at least currently.

Secondly, it's clear that BTC prices are much more influenced by speculative sentiment compared to real geopolitical movements (unless it concerns crypto regulation), at least in the very short term. In that sense, the halving upcoming is likely to have a more dominating effect compared to political tensions.

Maybe this has entered a bullish trend so that the market moves up quickly and until now also bitcoin continues to move maybe tomorrow or the next few days will reach $ 9000.
Because I can't be certain that the increase is due to several factors and of course this year there will be many surprises from various large projects so that the market demand is increasing.

Rising and falling prices are caused by market behavior. Changing demand and supply will affect overall market conditions. I am not a fundamentalist, so I will not comment on other factors outside the market. When demand and supply are balanced, the price will stabilize at one point, where the seller and buyer both agree with that price. Stop asking the same questions, because almost everyone's answers will be the same. If you are a trader I suggest you look for more information about how prices react by market behavior, there you will be able to understand why such prices can occur.

I cannot see a really huge news that could single-handedly propel the price of Bitcoin up to almost $9,000. I surmise this is all brought up by the positive outlook of crypto, especially Bitcoin, in the year 2020. People have been saying a lot about halving. This must be a factor also but I doubt this is all about it alone. In general, this might be brought by the growing demand of crypto and its growing coverage as well.

For almost 2 years we have experienced bear market and this is the time for cryptocurrency to rise and recover. Maybe because Halving is getting closer so that it affects the price of Bitcoin. many people have been pessimistic about crypto because of the bear market situation. and now crypto is proving its existence

The hype starting to rise by now since people know that there's something good to be happen right now and provably this rise will continue until the halving occurs but we should not keep our eyes out in the market since me I'm putting my self in position to secure my profits if there's something bad track occurs and I don't want to get trapped.

I wonted to read some article about cryptocurrencies everyday especially of there is come about bitcoin I will read it first. Then I noticed that there are many article about mining bitcoin and I think that this thing is because at this year bitcoin will meet halving event. As for the price bitcoin has been increasing a lot recently I guess it is just because many investor there has calculated that the halving event will give a big effect to bitcoin price.

As you can see the privous halving event that have happened. Most of them will make the price of bitcoin increased a lot, as an example the all time high bitcoin price i.e $20.000 that has happened at 2017 ago I'm sure it was because halving event that happened at 2016 ago. So as the halving event is a benchmark to gain a lot of profit IMO, we can proof it later.

Halving is coming. That is the only reason.
Just like when Game of Thrones was hyped when they say "Winter is coming".  ;D

Investors are now eyeing for a great response on their co-investors. That just means a great hype is also around that will take demands to the higher levels.
There are fears of being a late buyer which might take a real toll to their funds. Yeah, that means expensive bitcoin.
As one of the buyers, I don't want that to happen to me.

The tax thing I don't really agree, it's something you always expect anytime anywhere every year. CME futures was a surprise too, especially since Bakkt didn't do anything for price, rather, when expectations weren't met, we crashed.

I think it's definitely the general sentiment and people looking to get out of stocks before THAT crashes.

One of the reason that many believe why Bitcoin price is rallying is due to the upcoming halving that resulted in  hype and bullish sentiment of the current market, aside from that history also shown that there is always a minor rally every beginning of the year so it is something like history repeating itself. 

A lot of people say that the price of bitcoin increased by this war, but so far the war is over but the price is still rising. So certainly that reason is not entirely accurate. The real reason is that investor demand has increased due to the upcoming halving and it is believed that halving will help Bitcoin gain higher value. There is also a lot of good news that has helped the market receive more attention from investors. 2020 will be a big year for Bitcoin and this whole market

There is no war. The bears just got tired so they now rest and allow the bulls to set phase which is why there had been spikes in the past weeks. I think this is because they know the supply will drop and that the investors are going to try to buy more before halving.

Altcoins created since 2018 are also pumping, we accused them of scam but I just notice some coins that volumes were close to nothing not goes up suddenly to $14k in a day.

As we cannot say for sure, it seems to me to be just another manipulation by some of the large players in the market. This might be because of the halving nearing us, which might be their main driving factor in rallying the price up. Though don't be too confident, as these players might dump it once more, once the investors shown some FOMO on the prices.

Maybe we don't know what the real reason for the bitcoin price rally is, but we are going to see the halving time is coming. Maybe that is not the reason, but I think that could be possible for bitcoin price. Before the halving, the price is below $10k, so that the price needs to increase more than $10k first, and then the price will jump to a higher rate. But let's wait for what will happen in the next months before the halving comes.

the right reason and many people in this forum know is that we are approaching bitcoin halving, if not mistaken precisely in May 2020, so they assume that every 4 year cycle often occurs where bitcoin prices often increase before and after halving, but there are other factors if in the analysis it might be because we are entering a weekly trend if prices don't go below $ 7600 until the next week

Yeah, I feel like "enough is enough" thing was one of the reasons as well, not like it is definitely the reason but I am sure it played a role in it as well.

Surely this Iran thing first played a role when it started out, then the halving is in the minds of everyone as well, craig situation helped with the second spike after it got stuck for a while, if we have something on top of this in the upcoming week, I am pretty sure we will move towards over $10k for sure, we just need bitcoin to be pushed a little bit, it doesn't really go that way unless its really pushed towards it, I know its tough to always keep forcing having some sort of news about bitcoin and whats going on but without any news, without any hype, bitcoin would just stay in the same price for months (which it has before).

Every four year have halving time for bitcoin where give effect to make bitcoin growing up to higher price, we are waiting two months later will bitcoin can do it what happen last four year when bitcoin back to higher price or not, just my ideas bitcoin will back to higher price again and give much profit for many investor.

so far that might be one of the reasons, many people on this forum talk about halving which can make prices rise very high, so it's likely that many people do FUD.
other than that the market was already bored with the previous year which was bearish, and the positive trend came at the beginning of the year so it was like a bullish sign ahead of halving.

i think it is because of the demand. i mean since halving is on the way, many investors think that bitcoin price is going to increase beacuse of the affect of halving. I also believe that prices below 7k usd is very lowly possible in short mid term.

of course what causes bitcoin prices to increase is the increase in demand. and in my opinion the rising demand for bitcoin is influenced by several things:
1. The conflict between Iran and America earlier this year caused some investors to shift their assets to Bitcoin.
2. maybe the current increase is the manipulation of the popes.
3. The current increase is the effect of bitcoin being reduced by half in May. bitcoin is reduced by half encouraging new and old investors to buy bitcoin.

The pump is low when Iran and US war erupted  so I think it doesn't contribute on the hype since it doesn't give any strong movements on bitcoins and the one reason I think for the current pump is the halving since the hype is starting to grow up specially when people saw the slowly rise of the price and provably we can see more coming in these coming days.

yes I know that, but many people come to this forum that history will not be repeated and think it is ridiculous about the cycle every 4 years, I wonder if it will happen for the third time, if that happens then the luck belongs to those people who still holding it in the wallet


like what I think people who don't believe in this cycle are trying to make a mess since yesterday, if they want the price of bitcoin to go down it seems like their lives are just throwing money away, just look at 2018 and 2019 is the year when the bear market is in power, they want 2020 and 2021 to be the bear market, then why would people invest in bitcoin and crypto if the market continues to be a bear market, if indeed the cycle does not want to be repeated the bitcoin price since 2018 and 2019 should not be a bear market, charts should change but not at all, it is clearly similar to 2014 and 2015 bear market, it seems like people have started to be pushed behind us to take bitcoin on the exchange soon

Haven't surprise that it sometimes will go like that, off and On.
May the pumps we experience isn't all about halving, Iran and US war but it is the time that the market support level had an increase. The demand is getting high and it seems to see that the price will also move high. But it is quite interesting to see and possibly more highs will come when halving has done.

It is the normal thing which happens with the bitcoin price.
Expect more from it.

Halving is just months away and people are getting FOMO's.
It could be that something is circulating around social media and then add the telegram groups who are making different assumptions.
We wont see records in different exchanges at the same time so you may want to rely on your own prediction.

If they believe that accumulating today will give them the profit that they want after the halving right away then I don't think they have learned their lesson from the past. Bitcoin halving is just a starting line of the bull run and this is not the actual bukk run that we are waiting. Real bull run will come after more months and that would be next year IMO.

I agree with your view on the tax situation. However you shouldn't just base your view on it from the american perspective. Throughout the world there are many different tax situations especially regarding crypto currencies. So it sometimes makes sense to sell at the end of the year most of your position, just to accumulate for the new year.

This way you can counter-price it to some of your losses.

And then there are other tax heavens give you zero taxation after holding for more that a year, which in this case obviously don't have an impact on a new bull run.

There was a big movement of bitcoin recently from one place to another, many talks have been discussed, like was it Craig, was it someone else, hell even some people said maybe it was satoshi himself. However in the end if there was a specific reason for bitcoin to go up, I think we will never get to learn about it, I would love to know why it went up as well but not like there is a data showing what happened and what caused it.

I am pretty sure that whatever happened, it was just the small first increase, afterwards were all people just seeing an increasing and buying with hype which toppled up into basically just a bull run out of pure hype and nothing else. That kind of stuff happens, price goes up which causes people to buy which causes it to go up and goes into a circle until it stops.

Many people believe that an increase in bitcoin prices will occur because half of bitcoin will come, but that cannot be justified with certainty, because in previous years there was also always news that could influence the movements of bitcoin prices. however this is due to the wide spread of news which can increase its value and make many people to be able to invest more in bitcoin so that the trading volume is increasing

I saw your thread about halving and I saw it was quite in accordance with current conditions, that 2020-2021 would be the peak, more precisely 2021 would be the highest peak if I saw the halving before. I really hope history can repeat it. most people who want to push bitcoin price down may have needs such as wanting to get the lowest price, even though in my opinion the price below 10k is still very cheap when compared in the future or the peak in 2021.

yes, I agree with you the main factor driving the rise in the price of bitcoin right now is that the bitcoin hype has been reduced by half. because the moment of bitcoin is reduced by half this only happens once every 4 years and the fact that bitcoin always experiences an increase after being reduced by half makes investors interested in buying bitcoin. hopefully this year bitcoin can reach ATH $ 20,000.

thank you for wanting to see and visit my thread, but I am not quite satisfied with that, I want to see the highest price in Q1 2020 for bitcoin and other crypto markets, if it develops and prices increase at the beginning it will be very good for the future, I need look at the next few weeks to get the highest price prediction analysis for next year, let's look at it later

if before halving has increased quite high, does that mean halving in 2020 has a fairly high hype? People think it will go further than 2017. Because many famous influencers predict prices can go as high as $ 100,000. but true, let's look at the beginning of the month in 2020, whether it can faster to touch above $10k.

Maybe it's because of the approaching bitcoin halving or maybe a Bull trap.

There are many reasons why this is happening, but it is best to be happy now that we have seen bitcoin prices rise again. And of course secure our profit now so that we can recover from past mistakes

This morning I just convinced that this is a genuine bullish, a few hours later bitcoin fell 3% from the price of 9.1k usd to 8.6k usd. lest this mean is bull trap? all markets blush all.but at least I was able to sell some assets at 9k usd, pretty good profit.
now I am confused again, between genuine bullish and bull trap. :'(

What rally?

I think it could have something to do with the halving as well, but you have to remember not long ago Bitcoin was above 10K and because it is the new year nothing much has changed.
Other then the Halving comming up soon it could have something to do with the halving a lot more people are aware of it and maybe dont want to miss out, I think it could be a bull trap as well.

On a speculative level there are many reasons:

1.- The effect of the possible war with the problem between the US and Iran, can be a powerful reason to have increased, is considered a fundamental.

2.- They may be testing offer at higher price levels, as the offer is eliminated the accumulation or re-accumulation stage accelerates.

3.- The Halving effect, which, is very close, can cause emotions that move the market.

We must also consider all the plans already made of the Strong Hands or whales, because you should not overlook all those little bullish traps or bearish movements to jump the Stop and buy cheaper, all to take the Bitcoins from the weak hands. .

no matter the recent rise of bitcoin is an indication of a trap or not, the most important thing is when the market situation increases as much as possible we should be able to make a profit by utilizing the situation that occurs in a short time, and of course this situation is mostly only carried out by term traders short to be able to get quick profits