traderperspective (OP)
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November 02, 2017, 12:24:26 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
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neolexx
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ART via BTS & ETH www.magicmouseart.com
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November 02, 2017, 12:47:55 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
One of drivers for BTC is raising of number and popularity of ICOs. The invest lots of money for advertising - and involve new people in crypto economy. Newcomers need btc to invest in ICOs. In other hand, people who have btc don't sell them much.
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Harlot
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November 02, 2017, 01:06:13 PM |
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The money that is invest in Bitcoin is obviously not you money being printed by the government. Of course individuals have their own ways on putting their own money to Bitcoin some of which came from their salary to selling their own property just to add more to their investment. As for the source or link you want to have it is really not necessary as it is what is happening right now, to add some source of money that is going to Bitcoin are also re-investments people who sell high will also buy more at the bottomed out price.
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no0dlepunk
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November 02, 2017, 01:11:31 PM |
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I assume it came from the new adapters. The bitcoin is gaining more and more popularity and it attracts investors even more because of its price. Anyway, noobs will be noobs so expect more people to buy at high prices... those are the ones who were skeptic when bitcoin was at $1000
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sozvdhua
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November 02, 2017, 01:17:30 PM |
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My guess is that Wall Street's financial tycoons bought a lot of bitcoins.Because apart from these financial giants, I can't think of anyone else who can pull bitcoin to such an exaggerated level.I don't think it's a good thing if financiers have bought bitcoin.
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amrulshare
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November 02, 2017, 01:20:51 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
One of drivers for BTC is raising of number and popularity of ICOs. The invest lots of money for advertising - and involve new people in crypto economy. Newcomers need btc to invest in ICOs. In other hand, people who have btc don't sell them much. I do not agree with your statement about "raising Bitcoin because of the popularity of ICOs". A new person knows cryptocurrency is mostly still confused about Bitcoin, how can they understand the ICOs project?
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tomahawk9
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November 02, 2017, 01:35:58 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
Taking into account that most people use Bitcoin as a financial instrument due to how speculative it can be, we can come to the conclusion that a big part of the money comes from Investors. Everyone is buying and puring fiat into BTC to sell later at a profit.
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chr.rit
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November 02, 2017, 01:38:44 PM |
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I agree with this statement: the crypto newbies know only BTC and maximum ETH...in the public eye basically cryptocurrency = BTC Now people hear and read about these crazy high returns of the BTC and they start getting curious and invest. Plus please do not forget it is totally unregulated and somehow Blockchain is the new Switzerland or does anyone of you declare its earning from the BTC rally in the annual tax return? - of course I do!
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howtobuy
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November 02, 2017, 01:39:19 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
Margin trading can't create such huge and consistent increase. It's obviously new money coming in. My bet is institutional investors. And it also explains why it's only Bitcoin - because the are going after "blue chips"
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BurhanPSG
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November 02, 2017, 01:40:41 PM |
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I do not know for sure what makes the bitcoin price to rise drastic for now. It is possible that this is due to the increasing market demand for bitcoin, I am believe bitcoin will reach price in the range of $ 8000
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Passive Coin
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Passive Coin - low supply coin with backing fund!
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November 02, 2017, 01:44:02 PM |
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Please take for consideration the great news from USA. Chicago's Futures and Options exchange is adding Bitcoin as base instrument. It means, fiat sharks and fund managers will be able to trade Bitcoin futures/options. This exchange attract billions in volume which means a great boost for Bitcoin.
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1969Dave
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November 02, 2017, 01:47:07 PM |
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Combination of factors. I think you must live under a stone these days if you do not know that bitcoins exist. The news that CME Group will launch BTC Futures, somewhere in 2018, gained a lot of attention. Btc is being adopted by the mass and everyone wants to be part of it. I guess we all know here what will happen with the price in 2018 .
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chr.rit
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November 02, 2017, 01:47:14 PM |
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Please take for consideration the great news from USA. Chicago's Futures and Options exchange is adding Bitcoin as base instrument. It means, fiat sharks and fund managers will be able to trade Bitcoin futures/options. This exchange attract billions in volume which means a great boost for Bitcoin.
oh yes, this is very true! totally forgot about that! that's a real major achievement and it will impact the BTC for next years!!!!!! and this will have a HUGE impact again when they start end of year...as I am more an ETH-usiast, I hope this will happen t the ETH as well in the near-ish future!!!
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howtobuy
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November 02, 2017, 01:48:55 PM |
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I assume it came from the new adapters. The bitcoin is gaining more and more popularity and it attracts investors even more because of its price. Anyway, noobs will be noobs so expect more people to buy at high prices... those are the ones who were skeptic when bitcoin was at $1000 I was skeptic too and for good reason. When bitcoin hit 1000 it was totally overpriced - the infrastructure was almost non existent, few people knew about it and the price pump-up was purely Chinese made. And the price corrected to the levels where it had to be. But now I think it's different story - 1/2 of the people on this planet must be knowing what is bitcoin and the infrastructure is getting more professional (though still far from good). So I think the price now is much more logical
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howtobuy
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November 02, 2017, 01:50:29 PM |
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I do not know for sure what makes the bitcoin price to rise drastic for now. It is possible that this is due to the increasing market demand for bitcoin, I am believe bitcoin will reach price in the range of $ 8000
My bet is $10,000 very soon. There is just too much inflow and too little resistance for the price.. so it may happen even this year
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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November 02, 2017, 01:54:42 PM |
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More of the new money is more than likely new adopters with seeing how much the price is increased more and more people are starting to invest in bitcoin. Over time that will probably move towards altcoins too.
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Josepht
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November 02, 2017, 01:55:56 PM |
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The 'new money' probably comes from people who are new to bitcoin.
However, the 60 to 120b USD is a bit flawed. Since there are approximately 16.6M BTC in circluation, a price increase will lead to a increased market cap of 16.6M USD. When looking at market cap number, you always need to be aware that it is not representing the total money invested in bitcoin. That would only be the case if all bitcoins can be cashed out at the current price, which is obviousely not the case.
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audaciousbeing
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November 02, 2017, 01:57:08 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
The only explanation I can give to it is the addition of both new money and money spread into other alt coins that have been responsible because another thing that could increase market cap will be the increase in volume which is something that cannot be explained right now, considering the difficulty in mining bitcoin. But we should not also forget the amount of money that have been pumped into bitcoin as a result of the forks that have happened in recent time which for me its enough to change the way price goes. With a lot of people dumping the forked version, then channeled back into bitcoin is something explaining what we are seeing now.
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BTCLovingDude
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BTC to the moon is inevitable...
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November 02, 2017, 02:00:02 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period.
altcoins are mostly having bad time because their bubbles are busting and they are in the downfall of the year now. bitcoin is rising because its adoption keeps increasing and also there is a bubble forming up now. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
it is impossible to say for sure, it is mostly because of all the free money that people have been receiving this year from all the altcoin pumps that is not coming back to bitcoin. it is also the fact that many are not familiar with bitcoin. the news is literary filled with bitcoin, everywhere they are talking about it. that is bound to bring in a lot of new people and new money. there is also the latest news about CME and getting involved with bitcoin thing.
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howtobuy
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November 02, 2017, 02:00:33 PM |
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The marked cap for BTC have increased from 60 to nearly 120b$ since september. In the meantime, the total market cap (BTC excluded) is somehow stable, only 10b$ have gone out of altcoins in the same period. Where do you think the money that goes into BTC comes from? Margin trading? New money? Do you know something by fact and a link that can support it
The only explanation I can give to it is the addition of both new money and money spread into other alt coins that have been responsible because another thing that could increase market cap will be the increase in volume which is something that cannot be explained right now, considering the difficulty in mining bitcoin. But we should not also forget the amount of money that have been pumped into bitcoin as a result of the forks that have happened in recent time which for me its enough to change the way price goes. With a lot of people dumping the forked version, then channeled back into bitcoin is something explaining what we are seeing now. You are mentioning that people are pumping in money due to forks. I don't fully get this. Why November fork should be attracting new money for bitcoin?
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