☃☃☃ The #1 Factor Driving Bitcoin Prices ☃☃☃

[KalaiBTC]

I will like to say that the driving force here is the value attach to it, bitcoin has gone poplar round the globe leading to some companies getting involve with bitcoin by adopting it for investment which has made the demand go higher.

From that perspective (value) people think that this value will go up and they will earn money from it, (smart thinking but often times driven by greed) so they will invest.  They will buy the hype and so that push the price of Bitcoin upward.  Honestly if we asked this investors about bitcoin and its function, I doubt they will know  .  These people only wants profit and greed kicks in that the more Bitcoin they will have the more profit they can get.  So yeah I agree.. greed it is.

To add in this, I would like to make a point here that these people who put in the money for the greed, do not know about the concept of crypto currency and some people out of them end up in loosing the faith or loosing the bitcoin to hackers. In either condition, they start spreading negativity about the bitcoin.

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[Kprawn]

Tell me something.... Is people who are investing in Warren Buffett's Berkshire Hathaway (BRK.A), which is trading at

$271,410 per share.... greedy? How can someone pay nearly $300 000 per share?    People want to invest in Bitcoin, because

it is the best performing currency/commodity for the last two years. True, there are a lot of speculation...but this is true for

80% of all commodities that are being traded. 

[stickyknob]

We can never please everyone, especially in the world of internet. Perhaps it might be greed for some. But, maybe for other people, this is their chance to be able to make their lives successful.

[Thasins61]

The Number #1 Factor Driving Bitcoin Prices Is:

Greed


People want to get rich quickly and not work. They think that bitcoin profits will last forever. People are investing in bitcoin, not because they believe in the future of the currency, but because they want to pad their pocketbook. Big money in Asia markets are manipulating the price. And everyone is coming along for the ride in the pursuit of profits. Bitcoin technology has increased very minimally but the cost to buy bitcoin has gone up 5,000,000 times its initial cost. Everyone is hoping to sell their bitcoin to the next person in line for more and more money. Greed will drive the price up as high as possible, and greed will cause the crash as well. Crypto is a really neat concept, but turning it into an investment tool is making us more motivated by profits than actual beliefs. Not to mention Crypto is destroying billions of dollars worth of resources each day. Its really sad to watch humanity destroy the world in pursuit of profits


Warning for EVERYONE:  The troll named “nullius” is spamming the forum with FUD warnings. He is very annoying and stalks all my threads  

i agree with you many see bitcoin is only pumping tool invest 1000$ and after 5 months get 10,000$ because they want to pad their pocketbook.
only 5% only know how bitcoin work and less believe in the future of the currency

[Raul Lopez]

Someone knows, why Bitcoin decreased so much its price last week? Thank you!