what is happening.

[Idrisu]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

[1715296807]

1715296807

[1715296807]

1715296807

[1715296807]

1715296807

[1715296807]

1715296807

[RodeoX]

My guess... It's a good idea and good ideas are worth a lot when discovered.

[bouren]

Simple answer,
Bitcoin prices are based on its demand. As compared to its present reach, demand will continue to rise for next 5-10 years for sure. Higher demand means you will continue to see such rise in future too.
While for more details,
https://bitcoinmagazine.com/articles/bitcoin-price-analysis-keeping-grounded-price-skyrockets/

[mindrust]

Bitcoin is still in its early phase. That's why it keeps rising. People said that back in 2013 but because of Gox manipulation, it seemed unreal. People are realizing what bitcoin is just yet. BTC's market cap is only 20b$. It is not even as big as PayPal yet. (57.3b$) Do you think paypal is a better company than bitcoin? If your answer is no, then there is nothing wrong to expect another %100 rise in the future.

%100 profit is way more than what banks can give you in 30 years with interests.

[Idrisu]

Simple answer,
Bitcoin prices are based on its demand. As compared to its present reach, demand will continue to rise for next 5-10 years for sure. Higher demand means you will continue to see such rise in future too.
While for more details,
https://bitcoinmagazine.com/articles/bitcoin-price-analysis-keeping-grounded-price-skyrockets/

I like your answer but in reality there should be fundamental reasoning why asset increased. Limit it to the force of demands and supplies is like clashing the surface of wound and think it has been heal! In assets trading there are fundamentally issues why people are buying and why people are selling.

[HabBear]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

Bitcoin doesn't have true fundamentals, at least not as it is defined with all other investing in the world. There's no revenue, no debt, no profit margin.

Honestly, the only fundamental issue driving the increase in price is that there are more buyers than sellers. That's literally how the price moves. Now, the real challenge is figuring out way more people are buying than selling and since bitcoin is a global currency, we can usually only speculate...no facts, hardly any confidence in the opinion, just pure speculation of why people are buying or selling on any particular run.

Why do YOU think the price of bitcoin is running up?

[FlamingFingers]

I think a correction is coming on our way soon. Once SEC rejects ETF, we will see a little dip in price (or maybe a hard dump to like $1000-$1100). Personally I wish Bitcoin to rise normally instead of jumping day-to-day.

[Wesimon]

Simple answer,
Bitcoin prices are based on its demand. As compared to its present reach, demand will continue to rise for next 5-10 years for sure. Higher demand means you will continue to see such rise in future too.
While for more details,
https://bitcoinmagazine.com/articles/bitcoin-price-analysis-keeping-grounded-price-skyrockets/

I like your answer but in reality there should be fundamental reasoning why asset increased. Limit it to the force of demands and supplies is like clashing the surface of wound and think it has been heal! In assets trading there are fundamentally issues why people are buying and why people are selling.

I believe that you are asking what is in bitcoin that makes it's price to soar up, right? As to what bitcoin has, it is only its potential. Day by day, many people are starting to engage with bitcoin and in return, the demand of bitcoin in the market increases. If you compare the demand of bitcoin to the supply available in the market, you will see that there is a very big difference. Thus making bitcoin's value to increase. And as bitcoin's value increases, more and more people will start gaining bitcoin, and then the demand rises again and the value of bitcoin rises again and a repeat in the cycle happens. The demand and supply merely control's bitcoin's value, that's how it works.

[Marma Kalari]

I like your answer but in reality there should be fundamental reasoning why asset increased. Limit it to the force of demands and supplies is like clashing the surface of wound and think it has been heal! In assets trading there are fundamentally issues why people are buying and why people are selling.

One of the main reason driving the price so high is because of the review by SEC and the possibility of an ETF might be driving the price breaking all the records and for the past few months the price of bitcoin is gaining momentum and a combination of good news like Japan legalizing bitcoin and these are reflecting in the recent bull run.

[harizen]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

No need to know.

I suggest that you must follow the trend as we all don't know what will happen next. This kind of price increase is taking bitcoin price to it's expected high correction price so even we have to experienced a big dump, still we are sitting at above $1,000 price level which is a good standpoint once another journey to huge price increase will happened.

Why you must follow the trend with the current price increase? Since we have to minimize the result of being a regret person.

[Baofeng]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

Well, you are not alone brother. I just realized it today and when I compute how I'm profiting on my investment. I just totally shock. Damn. I didn't realized that my investment is this big!!!. I'm so happy right now. I will sell in the next day or so because I needed money for my kids which is very important and I have no choice but to sell some.

[Qartada]

%100 profit is way more than what banks can give you in 30 years with interests.

After you take away inflation and add compounding, it's probably a lot less than 100%.  Still, that rise is just increased adoption - naturally, Bitcoin has a moderate inflation rate but the predictable supply is what makes it a good digital asset.

Eventually, the growth will slow down and it'll just be a good way of avoiding the inflation of fiat currency and potentially a currency as well - for now, it's full-on an amazing investment.

[Harlot]

My wild guess is, it has something to do with some developed countries supporting or will try to support Bitcoin. From  what I heard Japan and Korea are considering Bitcoin to be recognized as a currency in their country, also Russia will now reconsider the legality of Bitcoin to their country. With big countries recognizing Bitcoin, its price will surely rise. This might be also the reason why it has increasing demand as of lately.

[xuan87]

Well bitcoin now is a trending topics in some country, and there are a lot of people showing interest, people keep on hunting bitcoin to be keep as investment, so it's no wonder the price could jump in a few hours, so many people now try to keep bitcoin as investment because the price rising is so quick, when the demand is high then we will see rising

[Clement Kaliyar]

Well bitcoin now is a trending topics in some country, and there are a lot of people showing interest, people keep on hunting bitcoin to be keep as investment, so it's no wonder the price could jump in a few hours, so many people now try to keep bitcoin as investment because the price rising is so quick, when the demand is high then we will see rising

The possibility of breaking the $1500 resistance with this run is a big question and if the bitcoin is able to break that resistance we could see over $1800 this week,i am not sure whether it will be a wise decision to enter bitcoin at this price as i am not willing to take risk to hold the coins at this price. I wish SEC comes back every month reviewing the ETF just to reject it again .

[crairezx20]

I think the price increase today is just a bitcoin bubble.. and sooner the price of bitcoin will down back again..
Or this is just the new request for approval about the ETF well if honestly if its approve maybe the price of bitcoin will increase fast and more high value this year..  but still its not approve by sec .

[marcuslong]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

The demand are around the corner the volume of bitcoin increased too that is why bitcoin price rapidly increase it may become $1,500 dollars per 1 bitcoin soon enough and some countries started to support bitcoin and recognize it as their secondary currency.

[Ryland R. Taylor-Almanza]

It is now even higher then it has ever been.

I think it has to do with to do with the exchanges in china having some movement with them being on lockdown by the PBOC in recent months.

[dwieyani]

I'm happy to get more and find a great idea that's worth it

[noictib]

Please comrades, is there any fundamentally issue why bitcoin price is too high today? Since morning I have been following bitcoin price when it open around $1,367 and when I recheck around 4pm local time bitcoin has jump to $1,425.

I think my prediction of 1500$/BTC in the month made by me is going to true .
Here I was sure that the price will increase rapidly soon and happened the same thing .
I think this is due to the impact of the news in the bitcoin to reach 10000$ in 2021 Because after this news most of my friends who were newbie asked me for this and I said them chances of happening the same thing is 99% and most of them Invested 100$ in bitcoin , so probably it may be possible many numbers of the people Invested after this news of 10k$/BTC in 2021 .
Well just cheers for those who hold bitcoin in his wallet .