Who is behind the inflating value of Bitcoin?

[akiraminai]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

[SUDARMONO]

I think it's good, because we do expect the benefits of bitcoin even if it's possible in the long run or in the short term that's what we want.

[leftover_potato]

inflow of newbies money. 

that wanna get into the hype about btc

[bitfools]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

Well that's easy, it be the 1,000 guys who own majority, and of them most likely WINKEL-VOSS twin siamese sharing common asshole

Winkelvoss put up what $10M in 2013, and now are billionaires, thus they have the necessary desire to shoot BTC to moon

***

The honest observation is that BTC trading is THIN, that dumping 10's of 1,000's of coin per day is not possible, the new FUTURES CME-BRR-GS will allow covers on the large sale, so that coming soon it will be easy to exit BTC for the whales.

Majority of the players on this forum OWN 0.05 BTC, that is average balance of address with funds, note less than 2% of all addresses have been used, and 1% of those have funds;

BTC has largely gone up because SHILLS bring in new buyers, which allows whales to slowly exit ( U know they're working together )

But now with future shorting a GUY can sell 1,000 BTC worth $2M ( 10**3 * 20 * 10**3 ), so $20M, cannot right now be sold without collapsing market, but with the futures now the 'whale' can short at $20M, and when he sells the price drops to $10k or less he make a fortune on the short, if the price doesn't drop, he's still fine cuz he got his BTC turned into real zog fiat.

I especially think the Winkelvoss Twins want thier $10M back out, then the other money is zero loss, but turning that $1B USD BTC into real cash, in the real world will be VERY difficult, even GS(CME) isn't stupid, that $20M short on CME is going to cost a lot of money and send out a lot of alarm-bells.

...

Asians seem to be more interested in day-trading shit-coins, alt's especially token shit.

Most of the BIG money in ASIA is already owned by BITMAIN, China having what 80% of BTC mining, certainly they need to CASH that shit out for REAL MONEY.

Smart ppl think the waters for shorting will be tested coming two weeks, then price will be held, but once WHALES start dumping, its going to be a blood bath.

[bitfools]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

The REAL answer to this question is "Where did the money come from that pumped BTC up from $1 to $20k"

The answer to that is the $20 Trillion that FED-RES-BANK has dumped into the world since 2007, so the $350 BIllion valuation of BTC is just fiat to infinity that FRB created, e.g. pulled out of its ass and a tiny bit found its way to BTC.

Current fear of FED is that once the whales start selling BTC, they will spend, and that will cause hyper-inflation, as it will make the price rise on all goods, to date there has been no sale of this wealth, and little has trickled back to the luxury market.

Eventually this money when sold, will trickle to art & gold, ... then food and luxury items will skyrocket

MAJOR FEAR FOR FED BANK

[bitfools]

Do u tell your grandmother to buy btc?

[icanscript]

A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.

[squatz1]

Tons and tons of new traders thinking that they're going to be able to get rich off of Bitcoin, I've heard so many of my friends just NOW starting to come around and asking me if they'd be able to buy Bitcoin -- because they think it's going to skyrocket and they want to get in on the 'ground floor' little do these people know,  I was crazy when I was talking about Bitcoin at $400 a pop.

Plus the big whales, who are instigating all of the new traders with fake news stories, fake twitter pushers, etc.

[lisa255]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

People create a demand for it and many newcomers want to join this stream, here's the price for you. Now many sell others keep at home and eventually it will either stabilize or completely fall, but when it falls, then sales will be even greater.

[Herbert2020]

you need to first read what "inflation" means and then study more about supply and how that affects it and compare it with demand.

right now like always bitcoin is something that is called "scarce" because there is simply not enough of it. the supply is going to be limited. and meanwhile the adoption for this limited currency is increasing day by day. specially when it hit mainstream adoption.
anyone can see how bitcoin is underpriced now.

[jseverson]

No one. People always like sharing their conspiracy theories that there's a group of people who is controlling Bitcoin from the shadows, but they all have one thing in common: they don't have a single shred of concrete evidence. Bitcoin has been growing since its inception so it's just natural for it to reach these heights. It's really how fast it has been going that's been raising eyebrows. However, if you look at it from a percentage stand point, it's not even that much; Ethereum had more growth this year.

Either way, all the holders benefit from the rising value. That's the beauty of it.

[alisa20172020]

It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge.

[zolfa]

the good effect is the profits become big, then more big investors join, and the bad influence is the system becomes uncontrolled so it can hamper every transaction

[yusupjatigumilar]

one of the determinants of bitcoin price movement is our own as market participants, if we continue to sell on the assets we have then the price of the asset will be more and more will decrease in price, and vice versa when we continue to buy then the price will be pushed up from before, the most basic legal laws of supply and demand apply here.

[apumaycry]

basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like  blockchain its new kind technology   

[Zero1One0]

The more mainstream media coverage bitcoin has, the more people will buy it and convert fiat to bitcoin.
Bitcoin surpassing analyst forecast of 6,000 and reaching ath of 17,000+ shows the increasing demand for it.

[Hydrogen]

@ the african exchange http://golix.com. Bitcoin is trading as high as $30,000+ per BTC there.

Arbitrage plays between exchanges where bitcoin is trading high, and ones where its trading low, could be playing a role in pushing bitcoins price higher. Selling btc for $30k on golix, moving fiat to another exchange to buy btc for $17k Moving btc to sell for $30k again is a win/win trading strategy. The implications of it could be an uptrend in crypto prices as arb traders are able to sell at increasingly higher prices while still managing to maintain their profit margins.

Arbitrage is probably the most neglected cause of the recent increase in btc price. Chinese and south korean exchanges which charge no commission on trades could also play a role. I wouldn't go so far as to say btc is a bubble yet, although we may be witnessing something like a "perfect storm" of variables aligning to produce the price movements we see now.

Bitcoin has often peaked at the end of the year during its history. Countries are dropping the dollar as a reserve currency to protect themselves in the event of worst case scenarios. People no longer trust fiat and are seeking alternatives. Bitcoin is outperforming central banks in africa and other nations which puts it in high demand. The number of bitcoin traders is said to double every 12 months. There are many different forces behind the recent price uptrend.

[todiefor17]

basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like  blockchain its new kind technology   

I think it's not only depend on the supplies and demands. Actually there people who have money to control this world inflation.

[megynacuna]

basicly its supply and demand bro you know the bitcoin supply is limited right ? and the demand is very high and dont forget about the value of bitcoin tech like  blockchain its new kind technology   

I think it's not only depend on the supplies and demands. Actually there people who have money to control this world inflation.

And these people do it by increasing the supply of bitcoin on the market or creating a shortage of it. It is that simple demand and supply that regulates inflation on the stock exchange and on several other forex platforms and bitcoin and other cryptocurrencies are no exception.

[elloco4ever]

It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge.

You just nailed it as there are huge number of newcomers to bitcoin who keep the price pimping due to the transactions and investments but they are not the main players as there are  huge transactions which happens through bitcoin by some illegal traders and corporates it's really hefty.