What's going on with BTC?

[Swopon]

That's good going on BTC. The year of a pandemic is favorable for BTC. This month especially goes just ow but what's the specific reason I don't know. Maybe the demand increases rapidly for BTC or maybe it facing some speculation. But the overall market is in the favor of investors. But investors have to secure and aware more this time.

Indeed, those traders who bought bitcoin way back maybe a year ago are now enjoying all the profits that they are gaining from this investment.

Everything is good until this day, there are chances that it will bring more coming next year, like what you have said, very important to all holder

to be more aware and learn how to maximize your profits.

Yes, this time is the most enjoyable time for those who already hold it for a long time to see such thing and they are now successful and their patience already rewarded. So everything has some positive aspects and we should utilize it with proper knowledge then it will be easy for us to gain. I am also expecting more in the coming days. Let's see what it brings for us.

[skpanchal]

Two mains reasons for this demand.
1) Institutions like Grayscale, Microstrategy, PayPal, Skybridge. They are buying huge quantity of Bitcoin every single day for a long term hold, which is increasing the demand and it's reducing the supply.
Although they buy through OTC, but still it's creates a lot of demand in the market.  Through which price is increasing slowly & steadily.

2) Big Institutions Investors are showing Massive interest in Bitcoin like Paul trudor Jones / Micheal saylor , Raul pao..  Which also pumping the price every day.

[mezzaluna]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

This upsurge or rise in value in 2019 really did its deed this 2020. The price peak on 2019 is not that notable and its really overtaken by the current value but we must still expect the possibility of Bitcoin returning to that value. I think Lolli is still a good company that uses Cryptocurrencies as payment for their goods that they sell and that is an example that new Alternate Cryptocurrencies are doing.

[Twinkledoe]

Two mains reasons for this demand.
1) Institutions like Grayscale, Microstrategy, PayPal, Skybridge. They are buying huge quantity of Bitcoin every single day for a long term hold, which is increasing the demand and it's reducing the supply.
Although they buy through OTC, but still it's creates a lot of demand in the market.  Through which price is increasing slowly & steadily.

2) Big Institutions Investors are showing Massive interest in Bitcoin like Paul trudor Jones / Micheal saylor , Raul pao..  Which also pumping the price every day.

We are almost hitting the 25k level here, a new ATH for bitcoin. about 5 more days to go before the year ends and if this continues, we may achieve more than $25k. This is really a very great entrance for the new year. Now, if more institutions will join the crypto community, we will really see the market performance in green and hopefully, it will last long. This pandemic after all, did bring good things to crypto.

[ololajulo]

Two mains reasons for this demand.
1) Institutions like Grayscale, Microstrategy, PayPal, Skybridge. They are buying huge quantity of Bitcoin every single day for a long term hold, which is increasing the demand and it's reducing the supply.
Although they buy through OTC, but still it's creates a lot of demand in the market.  Through which price is increasing slowly & steadily.

2) Big Institutions Investors are showing Massive interest in Bitcoin like Paul trudor Jones / Micheal saylor , Raul pao..  Which also pumping the price every day.

The news are very interesting but have they acquired enough to be bigger than existing whales. They came when more than 70% of the coin had been mine and a large portion still left in wallets unmoved for many years. Are they capable to prevent next bear market ? What is the strategy for holding such a huge coin? Has exchanges lost so much in the size of bitcoin held for many years? I also wonder what is the future of altcoin with such devotion to bitcoin? Altcoin maximalists are losing their mind to the take over of the market by bitcoin

[bitterguy28]

Actually it is hard to know the reason of the rise of Bitcoin price mostly. After all, Bitcoin price is volatile and there is always a possibility for a big fall and increase. We need to get accustomed to that first I think.

Whatever is it, the only reason that I know why bitcoin surge high is because of the continues increasing in demand. The demand that came from nowhere, consist of different types of people in the society such as  millionaire, billionaire, middle class, ordinary people that also supporting and investing in bitcoin even in a small amount, and those big companies.

Lol the Institutional investors most of them ,and Big companies are now engaging in Bitcoin while in the past they denied and criticize this market.
they even Make bad impressions but now they are the one who's into the main reason of growth.

[/quote]Another factor that affect bitcoin is this current pandemic which made people to believe in bitcoin.
[/quote]
People did not come to believe Bitcoin that deep ,but at least they are now starting to study and check this out.

[Crptomagma]

Looking at the current demand and rate for bitcoin, I think that the Covid19 is favoring bitcoin.

[Binance-Chief Analyst]

I feel like this US vs China trade war is definitely favoring Bitcoin.

Two unrelated things, if you pay attention to the news, Foxconn was blackmailed by hackers, you can have more reveries. Speak out, please indicate evidence

[jademaxsuy]

Simple, bitcoin market move depending on demand from the bitcoiners. Usually, the sudden surge will be cause by the bitcoiners trying to anticipate the bull run to record ATH in which they believe they can earn after investing in bitcoin. In some cases yes, they can still earn by investing at high market price per bitcoin because it is still growing but when other bitcoiners will sell their bitcoin theb the trend will be bitcoin going down in its market and that will going to make a bitcoiner loses buying high selling low.

[ballexplorer]

The BTC will continue to rise in the future. Many institutional investors are investing more and more in the BTC. Awareness and spread is also increasing. People also see BTC as a substitute currency in these times of crisis. We must not forget that central banks are developing their own digital currencies, with the corresponding consequences for citizens. This is also why the investment in BTC will increase. There will only be 21 million BTC, with demand increasing. So the price will have to go up. Still, I believe that BTC will remain volatile.

[blckhawk]

Two mains reasons for this demand.
1) Institutions like Grayscale, Microstrategy, PayPal, Skybridge. They are buying huge quantity of Bitcoin every single day for a long term hold, which is increasing the demand and it's reducing the supply.
Although they buy through OTC, but still it's creates a lot of demand in the market.  Through which price is increasing slowly & steadily.

2) Big Institutions Investors are showing Massive interest in Bitcoin like Paul trudor Jones / Micheal saylor , Raul pao..  Which also pumping the price every day.

We are almost hitting the 25k level here, a new ATH for bitcoin. about 5 more days to go before the year ends and if this continues, we may achieve more than $25k. This is really a very great entrance for the new year. Now, if more institutions will join the crypto community, we will really see the market performance in green and hopefully, it will last long. This pandemic after all, did bring good things to crypto.

Definitely, this pandemic is one of the reasons what there's a Bitcoin upsurge. In this kind of event, we've seen how the pandemic strike really hard the stock market yet the crypto market remains the same, and that could be the reason why most big companies, institutions are now venturing with crypto. And this massive adoption push Bitcoin to set its new ATH we have never seen before. The accumulations are still going on and this could make Bitcoin more valuable. I'd say this could be the start of a new era because everyone is starting to accept these currencies.

[bandungan]

I don't think that's the reason on why bitcoin value is increasing. There are many factors why the value is going up or on the up surge, and obviously we cannot pinpoint it. Also, it has to go up, it is its nature. Nevertheless, even though we don't know the exact reason, let's ride this wave and get the most out of it.

the main reason bitcoin has increased is because there is an x factor that affects it, but I think a large purchase can affect the price of bitcoin to be able to increase. so buying and selling also have a big influence on the crypto price

[KillHawk8]

$25K now , going to $30K on Dec 31.

[sapnu]

Bitcoin is highly volatile and we are witnessing how volatile it is right now. Many people are surprised because of the sudden and continuous rise of bitcoin's value, some are regretful and some are rejoicing. Nevertheless, as we see bitcoin experiencing it's largest bull run of all time, we should set ourselves and our investments ready for any possible situation that may arise anytime. It might be in favor of us or will cost us great misfortune. Still, preparation would be a great deal and great help for us to survive and make the most of this bull run.

[SmokerFace]

At present bitcoin is going high because numerous associations tolerating it and individuals are currently trusting it.
We're seeing more information as to tolerating digital currencies which assisting bitcoin's market to pump.
The Richest people giving positive input for the fate of bitcoin and putting away their cash on it.
The current circumstance of bitcoin is amazing, and it is breaking its own previous records.

[freedomgo]

At present bitcoin is going high because numerous associations tolerating it and individuals are currently trusting it.
We're seeing more information as to tolerating digital currencies which assisting bitcoin's market to pump.
The Richest people giving positive input for the fate of bitcoin and putting away their cash on it.
The current circumstance of bitcoin is amazing, and it is breaking its own previous records.

It's the news that makes bitcoin bullish so far, people think that institutional investments will boost the price, so they also invest in bitcoin at the same time. That's the same scenario every time there's a pump, FOMO happen but due to different reasons, reasons for this year is bigger compared to the last bull run.