Bitcoin is heating up again?

[Biodom]

two stories:
#1 Peter Thiel's fund is buying bitcoin:

https://www.wsj.com/articles/peter-thiels-founders-fund-makes-big-bet-on-bitcoin-1514917433
and
https://www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

Social trends make crypto investments almost imperative:

#2 $1 mil is NOT enough (sobering stats, especially for millenials)
https://www.cnbc.com/2017/12/29/in-retirement-a-1-million-nest-egg-isnt-enough.html

It's even worse for a 42-year-old Gen Xer, whose $1 million at retirement will only generate an inflation-adjusted $19,000 in year one after all is said and done. And a 32-year-old millennial planning to retire at 67 with $1 million would be below the poverty line [emphasis mine].

[richardsNY]

There we have it again, increase linking has become too much of a common occurrence nowadays. The market is bouncing up and down just randomly due to the demand that's making sure the price climbs back up again. These ping pong movements have become so repetitive, that people can easily exploit them in their benefit. I must however also admit that aside from the demand lifting the market back up again, I noticed how large players accumulate large amounts of coins in an instant if large enough sell orders form. It's a great way of accumulating a decent number of coins without actually needing to buy up the market a lot. It has been happening accross varios larger exchanges.

[pooya87]

bitcoin was heated up before too. in fact it was the hottest when price went to around $12000 but most people see the drop as the worst nightmare instead of the hot market where the wise money is coming in bitcoin and the weak hands are getting out.

and i disagree with saying the "news" caused the rise no matter what the news was. i can give you a dozen or more negative news in the past 48 hours.
bitcoin dominance drops to lowest
criminal world is dropping bitcoin
bitcoin is un-valuable
bitcoin is gonna crash and it's a bubble

they are just spreading bullshit constantly and according to the market movement. if bitcoin goes down they publish the bitcoin is bubble articles (2 of the above are from CNBC) and if it goes up they start publishing the millionaires buying bitcoin (like the 2 in OP from CNBC)...

[Enjel]

I disagree that news in general isn't important though. Big news definitely matters, but small things like Dennis Gartman (who no one ever heard of) fudding will really not matter much at all.

[jjacob]

There definitely is increased interest in cryptocurrencies, but the question is whether money is flowing into altcoins or into Bitcoin itself. One of the reasons given for Litecoin's rise last month is that newbies who registered on Coinbase tried to buy the 'cheapest' cryptocurrency available. So it is anybody's guess whether Bitcoin still has supernormal returns left in it.

[Drixy]

There definitely is increased interest in cryptocurrencies, but the question is whether money is flowing into altcoins or into Bitcoin itself. One of the reasons given for Litecoin's rise last month is that newbies who registered on Coinbase tried to buy the 'cheapest' cryptocurrency available. So it is anybody's guess whether Bitcoin still has supernormal returns left in it.

Not nearly sure about it theres too many people that uses COINBASE but you have a point that may have been possible since Bitcoin has increased its users, causes of the internet's power. And so many Newbies want to profit from the beginning and start slow and so as the big investors.

[Pursuer]

this is yet another resistance test like the last time it happened. each time price rises to test this resistance around $16k-ish and then if it breaks it you can expect the price to rise to ATH and possibly even above. but if it fails to break it price comes down again to a higher low and gets ready for the next round of testing.

hopefully as the holidays end, the price gains more momentum with the traders coming back. additionally the altcoin pumps have left many with more money to invest in bitcoin.

[TERA2]

It says he already bought. It would be more meaningful if it said he was going to buy.

[talkbitcoin]

as we are exiting last year and the holiday season and entering new year, in January things will start to warm up again and all the dumps will be done very soon.
news like this proves that the FUD campaign has finished for the time being and everyone has been ready for the rally to begin. now they are waiting for everyone else specially the weak hands to come back after their fears dwindle.

[YuginKadoya]

bitcoin was heated up before too. in fact it was the hottest when price went to around $12000 but most people see the drop as the worst nightmare instead of the hot market where the wise money is coming in bitcoin and the weak hands are getting out.

and i disagree with saying the "news" caused the rise no matter what the news was. i can give you a dozen or more negative news in the past 48 hours.
bitcoin dominance drops to lowest
criminal world is dropping bitcoin
bitcoin is un-valuable
bitcoin is gonna crash and it's a bubble

they are just spreading bullshit constantly and according to the market movement. if bitcoin goes down they publish the bitcoin is bubble articles (2 of the above are from CNBC) and if it goes up they start publishing the millionaires buying bitcoin (like the 2 in OP from CNBC)...

Yup! I agree that news doesn't really make sense in terms with the movement of bitcoin, but all of this negativity towards bitcoin I think people have learned now about the FUD circulating news that has nothing have to do with bitcoin movement or price going up and down, But I really think that a positive one have an impact towards people now, And that is just their priority topic now a day. Well that is just my opinion and what I am seeing right now in the community.

[h0lybyte]

 Of course cryptocurrency interest is increasing in new investors, i am hopefully waiting to see  bitcoin going up again but not sure whether people are investing in bitcoin or altcoins. There are a few altcoins which are also speculated to rise in price, so if those altcoins grab interest of newbies, then the bitcoin may take time to grow up but one day it will grow surely

[btc_angela]

For me its too early to tell however, bitcoin can top $15K a few hours ago and now its down to $14,8xx. As I have said the bearish sentiments is still around though, the continued bull-bear pulling each other what keeps bitcoin from soaring as we should have been expecting after so many weeks of being sideways or downward.

I don't know how the Peter Thiel news is affecting the market, but for me its little or no significant at all. What I'm expecting is the news of Lightning Network, its this could be implement soon, this may push the price close to $20K. So we need to wait further and see how it goes.

[BingoDog]

At the moment it looks like the price is jumping. But I don't think that this is connected to anything particular like some have theories but it's the reaction of the market on the current demand and supply. Anyway, it's too early yet to make some conclusions, we all know how fast and easy the price can change both ways, up or down, so let's be patient for a while and see what the next few days will bring us.

[BigBoy89]

Unfortunately, this is short heat-up.

People are continuing to pump projects like ADA, Ripple and other altcoins. Bitcoin is losing more and more of investors trust.

[Kronos21]

Of course cryptocurrency interest is increasing in new investors, i am hopefully waiting to see  bitcoin going up again but not sure whether people are investing in bitcoin or altcoins. There are a few altcoins which are also speculated to rise in price, so if those altcoins grab interest of newbies, then the bitcoin may take time to grow up but one day it will grow surely

I think you are too optimistic. Look at the situation which occurred before the new year. Turn on confirmation of the transaction was more than 200000. The price for the confirmation of 50-70 dollars. Do you think this will contribute to the growing popularity of bitcoins? Probably without solving this problem, bitcoin can ever cease to exist. And it's not all the problems that await us in 2018.

[cipher-x_09]

Increasing but not yet the increasing we are expecting it to see but let us just wait and see after all patience is a virtue right there is nothing wrong in waiting for the price to increase again because we know this is the month that bitcoin price will start to rise again because the holiday season is over people can now focus more on investing in bitcoin.

[cybersofts]

Unfortunately, this is short heat-up.
People are continuing to pump projects like ADA, Ripple and other altcoins. Bitcoin is losing more and more of investors trust.

All these altcoin will soon go down once the bitcoin Lightning Network is fully implemented. Many of these altcoin become famous due to bitcoin transaction issues and Lightning Network is here to speed up the bitcoin transaction SPEED with ZERO transaction fee. Bitcoin will soon be back on the track running faster than ever.   

[Biodom]

Unfortunately, this is short heat-up.
People are continuing to pump projects like ADA, Ripple and other altcoins. Bitcoin is losing more and more of investors trust.

All these altcoin will soon go down once the bitcoin Lightning Network is fully implemented. Many of these altcoin become famous due to bitcoin transaction issues and Lightning Network is here to speed up the bitcoin transaction SPEED with ZERO transaction fee. Bitcoin will soon be back on the track running faster than ever.   

People don't realize that Lightning would provide opportunity for multiple companies to create hubs, possibly.
Why would anyone (except central banks) support Ripyou when it is all centralized and you cannot make business building on it, apart from being just a user. Bitcoin has a huge advantage over that scheme.

[Shamie1002]

I think people are stupid to believe every FUD spreading around. They do not think beyond every situation and how to embrace changes and other developments.
I am not degrading any of the altcoins, they can actually have potential but assuming that risks are real. There are much more risk in alts than in bitcoins.
Bitcoin is just starting to evolve and many already dropped their chance. LN will definitely gain attention now and will boost bitcoin more.

[gabmen]

I think people are stupid to believe every FUD spreading around. They do not think beyond every situation and how to embrace changes and other developments.
I am not degrading any of the altcoins, they can actually have potential but assuming that risks are real. There are much more risk in alts than in bitcoins.
Bitcoin is just starting to evolve and many already dropped their chance. LN will definitely gain attention now and will boost bitcoin more.

New traders will always be prey to fuds and there will be people who will take advantage of that of course. Though as much as we all know bitcoin will always be top dog, the last part of 2017 showed us that that won't always be the case. Alts will be relevant in the future of crypto, not just bitcoin