What makes the bitcoin price stronger in the market?

[stevano]

Because the bitcoin users more and more then the price of the market more rapid and stronger than the very bitcoin price.

It's one of them, but there are other driving elements that nowadays blow a lot of positive news about bitcoin, so the investors believe that the market responds positively so that the price goes up

[rickadone]

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

Bitcoin's price is going strong, but not as strong as the alts in the market. Altcoins' price are shooting through the roof. It doesn't matter which alt you pick. Most of them have given phenomenal gains in the last 2 months.

I’m not sure I’d agree with you, it seems like btc is whats driving altcoin prices, not the other way around. Take a look at any price chart over time of the stable altcoins, not just the BS ones that shoot up in value really fast and depreciate over the next couple weeks.

Long term, most of them keep rough pace with BTC. At this point, Bitcoin has become like an index fund for cryptocurrency, reasonably stable compared to its alternatives, and a good overall indicator of the whole market.

[prass tyo]

so far there are no bad news that really affect to bitcoin price since hardfork issue. and good news keep coming that can make people believe in bitcoin that really affect for it is price now

I hope bad news do not hit bitcoin again, because until now still can give more profit for its user, thereby will increase investor confidence if bitcoin still can survive at high price

[FasTroy]

so far there are no bad news that really affect to bitcoin price since hardfork issue. and good news keep coming that can make people believe in bitcoin that really affect for it is price now

I hope bad news do not hit bitcoin again, because until now still can give more profit for its user, thereby will increase investor confidence if bitcoin still can survive at high price

I don't think that bad news can affect or hit bitcoin. Nowadays, bitcoin is more strong, people who believe in it and investors helped bitcoin to be unbreakable. So even high organisations who want to targeted this cryptocurrency have not any chance to do  bad things.
There are millions who trust this coin.

[Yakamoto]

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

Bitcoin's price is going strong, but not as strong as the alts in the market. Altcoins' price are shooting through the roof. It doesn't matter which alt you pick. Most of them have given phenomenal gains in the last 2 months.

I’m not sure I’d agree with you, it seems like btc is whats driving altcoin prices, not the other way around. Take a look at any price chart over time of the stable altcoins, not just the BS ones that shoot up in value really fast and depreciate over the next couple weeks.

Long term, most of them keep rough pace with BTC. At this point, Bitcoin has become like an index fund for cryptocurrency, reasonably stable compared to its alternatives, and a good overall indicator of the whole market.

I think I figured out how to break down a lot of what we've been seeing with the market recently.

Shitty cryptos are the new gold rush, and everyone wants to get in on 20%+ rises in value that seem to happen every so many days. As such, they pump value into them at an ever-increasing pace. How do they buy these alts though? Through Bitcoin. So they buy Bitcoin and go to work farming money off of alts. This just kind of all got compounded through Bitfinex shitting itself.

For people with Bitcoin, it's like selling the shovels for the gold rush. And anyone earning Bitcoin is making $x amount of shovels per [period]. If they want they can get involved and start shoveling themselves, but they have a much more secure income.

[mamaita]

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

It`s strange how the posibility of a hard fork made bitcoin even stronger and the price is close to 1500 USD.
Or maybe someone is pumping the btc price right now...

That's a sign that bad news is not necessarily able to make bitcoin destroyed, it actually makes bitcoin stronger in the market, until the time I post this price is more than 1600 USD

[AUDREY23]

so far there are no bad news that really affect to bitcoin price since hardfork issue. and good news keep coming that can make people believe in bitcoin that really affect for it is price now

I hope bad news do not hit bitcoin again, because until now still can give more profit for its user, thereby will increase investor confidence if bitcoin still can survive at high price

I don't think that bad news can affect or hit bitcoin. Nowadays, bitcoin is more strong, people who believe in it and investors helped bitcoin to be unbreakable. So even high organisations who want to targeted this cryptocurrency have not any chance to do  bad things.
There are millions who trust this coin.

I think with the high trust of bitcoin people who made the bitcoin strong and unchallenged until now

[posternat]

so far there are no bad news that really affect to bitcoin price since hardfork issue. and good news keep coming that can make people believe in bitcoin that really affect for it is price now

Exactly, bitcoin confidence increases so investors are coming to invest their capital in this case bring positive impact on bitcoin market price

Indeed, investors are getting into bitcoin because of the strong value of it to the market .Then what makes it strong? I guess it came from the users who continually support and believing the bitcoin itself. When people comes to know that something is trust worthy and valuable , people tends to invest a lot in it making is more expensive like bitcoins.

[Dudeperfect]

To be honest, I am not surprised with the current price rise as I am expecting this sharp move (both upwards and downwards) in this year. I think this is a symptom of increasing trust in cryptocurrencies (not only in bitcoin but in ltc etc too), prices will keep fluctuating but the growth in user base is very promising for the future of these cryptocurrencies.

[hajimasan]

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

The real reason for the bitcoin in the bitcoin market to became high is many reasons .
First thing is the news that says that bitcoin will be 10k$ per BTC in the year 2021 and second thing is that the demand of the bitcoin is going increasing in few countries more like Japan , which accepted bitcoin as a legal way of payment to use .
These shows that probably most of the new Countries will decalrr bitcoin as legal and safe and this will increase the value and demand of the bitcoin .
Due to these reasons bitcoiners and newbie in the bitcoin market making rise up .
And I also think that now it barrier of limit of the price will not go down easily Because in the last months price didn't get back more that is usual so probably it will go high and high .

[DoublerHunter]

To be honest, I am not surprised with the current price rise as I am expecting this sharp move (both upwards and downwards) in this year. I think this is a symptom of increasing trust in cryptocurrencies (not only in bitcoin but in ltc etc too), prices will keep fluctuating but the growth in user base is very promising for the future of these cryptocurrencies.

Yeah, Bitcoin already built its reputation to the public and a lot of people now especially those investors and traders trusted bitcoin for their possible investment or source of income and also the good news like the leading country that adopts bitcoin which is the country of Japan, that is enough for the proof that bitcoin is getting bigger and bigger and soon we will witness a 10x price for bitcoin.

[CROYA86]

I am surprised that bitcoin is getting this strong but I do not know any reason behind it. This might be another pump of the whale or the effect of bitfinex issue with the bank. Money is flocking now on bitcoin. Anyway, this is good for all of us.

There are many reasons why bitcoin is getting stronger in the market, but nobody will know about it, so it makes bitcoin more famous

[panganib999]

I think the price is going up because of its strong there are many created every time. the amount of it is too many that companies want to buy it then creators would want to increase it because the demand is high. Moreover its like most transactions can now be used with bitcoins. Bitcoin is now even more and more recognizable in the world wide web.

Yes it is right. Bitcoin price in the market is profitable on just holding it because its value always increase just like not its price pump more than ever before. So it is a great impact on businesses who want big income. If we are going to invest on bitcoin personally we could also earn we just need to monitor always the price and have a decision making for a better managing of bitcoin. And if market will accept bitcoin on transaction not just on price but on its faster transaction.

[Wesimon]

I would say that the main asset of bitcoin is its ROBUSTNESS. Robustness in terms of physical security in a way that it can withstand different attacks (hacks) and keep standing all throughout these past years. Another is robustness in terms of withstanding competitive attacks and issues in a way that bitcoin endured all threats around it. It maybe in the form of competitors (alts), internal disputes, government, and other obstacles in front of bitcoin. By these reasons, many people support bitcoin even more and that makes bitcoin strong in the market.

[Ravion]

Some people think that people spending Bitcoin is what causes the price to rise, but that's not the case. The price of Bitcoin rises simply because there are more Bitcoins being bought than there is being sold. When many people buy Bitcoin, all the amount that is currently available for sale at that particular price gets sold out, and then the higher priced Bitcoins that are available, become the new price of Bitcoin. That's how prices rise in all markets. The rising price is a sign that more and more money is getting converted into Bitcoin, by investors.

There are two main reasons why investors are preferring Bitcoin; One of them is that they're looking for a safe asset to place their money into, and especially in countries where there is capital controls Bitcoin provides important advantages. The other reason is, obviously, the consistently appreciating value of Bitcoin.

[Pettuh4]

I think it has to do with consistent patronage of Bitcoin and the confidence people are reposing in it day after day as we broadcast it to the Unknown worldwide.

[dragonusa9]

thinking that the user of bitcoin is increasingly from year to year and more of corporation now support using BTC as their payment
also from lot of people using BTC worldwide that appear the think of stocking more bitcoin and the price raising gradually

[HongKong]

The amount of people that want to use Bitcoin to purchase things are what drives the price of Bitcoin up. If there was a small amount of people trying to purchase Bitcoin for whatever reason they have then the price of Bitcoin would not be where it is right now.  With all the promotion that is going on with Bitcoin there is a large chance that Bitcoin will get more expensive and there will be a larger amount of people wanting to purchase it because they will be able to directly purchase things from their favorite store owners.

[shinratensei_]

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

It`s strange how the posibility of a hard fork made bitcoin even stronger and the price is close to 1500 USD.
Or maybe someone is pumping the btc price right now...

It's not caused by HF, Due to the massive adoption in japan for bitcoin, it makes more people try to buy some bitcoin in japan, especially some of the big banker in japan has started to make his own cryptocurrency and try to trade them with ethereum and bitcoin. Japan has driven all of this bullish thing. Nothing to say for HF, that just makes the bitcoin is dying.
But if we can gain a larger blocksize and more adoption will come for bitcoin. Just the matter of time. And wish the politicians on bitcoin try to stop his greedy campaign right now.

[RENATA612]

The amount of people that want to use Bitcoin to purchase things are what drives the price of Bitcoin up. If there was a small amount of people trying to purchase Bitcoin for whatever reason they have then the price of Bitcoin would not be where it is right now.  With all the promotion that is going on with Bitcoin there is a large chance that Bitcoin will get more expensive and there will be a larger amount of people wanting to purchase it because they will be able to directly purchase things from their favorite store owners.

Because the more stores that receive payments using bitcoin then this is a trigger for people to start switching using bitcoin, so this will bring positive effects for bitcoin, of course this makes bitcoin prices rise due to an increased market demand