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Author Topic: 3 Reasons why Bitcoin is Going Up!  (Read 412 times)
dondiaa
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April 13, 2018, 10:58:14 PM
 #1

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
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April 14, 2018, 03:15:22 AM
 #2

isnt that only 2??

& wrong section

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April 14, 2018, 02:07:00 PM
 #3

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/

Well I dont think number two is the reason of such sudden price increase since if it is the muslims who are investing the movement of the market will be different from the market price trend that we saw the other day. More or less your posted number 1 reason could have some truths in it since according to some market experts the price surge was possibly caused by an institution buying a huge amount of bitcoin in 1 go.

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April 14, 2018, 02:41:26 PM
 #4

Yahoo is getting involved now? Waiting for the day my local mom and pop shop gets involved (not just accepting but actively trading), that is the day I do the infamous pull out method. Big companies like Yahoo are okay but imo you should be worried when every Tom, Dick, and Harry is trying to get a piece.

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April 14, 2018, 02:50:02 PM
 #5

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/

I would like to express my opinion about second point you made here. I do not think that the Muslims were not investing money before that declarations. A bitcoin investor is usually smart and educated and he will not care for such illogical bans or rules as per the religion.

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April 14, 2018, 03:01:45 PM
 #6

I think the main reason is the US beat Syria. This is the main reason that has pushed up so many altcoin prices. People are pouring money into the Crypto market to hold their assets in BTC. So altcoin prices have rebounded in two days.
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April 14, 2018, 03:15:15 PM
 #7

I believe that people are done with correction and they have understood that government cannot stop us from using Bitcoin or Crypto irrespective of restrictions from the banking sector. However, we still need a massive amount of overall maturity to deal with panic situations. I am expecting the price to rise along with the rise in the user base in this year. Bitcoin has grown so big that minor incidents won't affect it much in the long run.

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April 14, 2018, 03:28:40 PM
 #8

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
I disagree with number 2, religion is separated in currency.  I cannot see a relevance to the beliefs and religious lesson taught in every religion on how to avail bitcoin. Bitcoin should not be a requirement in order to be part of heaven. Bitcoin is only used as an investment, asset and storage of value. Priests and Religious leaders did not make any law that makes people to obey the path of currency.
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April 14, 2018, 03:39:11 PM
Merited by vlad230 (1)
 #9

I remember some article spoke of crypto been bad for Islam (here> https://www.alaraby.co.uk/english/blog/2017/12/6/digital-currency-bitcoin-forbidden-in-islam-rules-saudi-cleric) but with this new finding of Bitcoin being Compliant With Sharia Law

I think its good driver for current crypto demand and apart from that I think people realized that for their altcoins value to raise the easiest way is to push bitcoin demand which affects alts in the same magnitude is to pump bitcoin.

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April 14, 2018, 03:44:19 PM
 #10

We still need a large amount of overall maturity to deal with panic situations.

A Bitcoin investor is usually smart and educated and he will not care about prohibitions or illogical rules like religion.

I estimate the price will go up because ahead of the European Championships, the Champions Cup and the World Cup may be Bitcoin will rise to the level of $ 20,000
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April 14, 2018, 04:40:37 PM
 #11

Yahoo is getting involved now? Waiting for the day my local mom and pop shop gets involved (not just accepting but actively trading), that is the day I do the infamous pull out method. Big companies like Yahoo are okay but imo you should be worried when every Tom, Dick, and Harry is trying to get a piece.

We need both small and large countries to be get involved with bitcoins. Its not only about the big companies. Just like Fiat, Bitcoin has to be adopted by each and every shop & corner of the world. Only then we can see only positive movements of bitcoins and there will be no dump etc.
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April 14, 2018, 04:47:21 PM
 #12

Nobody able predict what will happen in the future but I just believe that bitcoin will keep increase from time to time.
So just hold it and let PROFIT come upon your savings

We still need a large amount of overall maturity to deal with panic situations.

A Bitcoin investor is usually smart and educated and he will not care about prohibitions or illogical rules like religion.

I estimate the price will go up because ahead of the European Championships, the Champions Cup and the World Cup may be Bitcoin will rise to the level of $ 20,000

If only my government able to see the positive effect of bitcoin, I think bitcoin will much greater than before
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April 14, 2018, 05:04:59 PM
 #13

And the third reason is?

3. ....Number 1 and 2 triggered a pump and then the speculators jumped in because they thought this was the beginning of

the next big push. We see this happening when some event trigger a "panic" sell.... lots of trigger happy bots starts to sell

coins and now this happens in reverse.  Grin

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April 15, 2018, 06:57:51 AM
 #14

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
The first part of your thread is right at a better level and after that I  don't think it is right because that is a type of integration of the bitcoin to use in the international level but a religion suit will not give pump to use btc but big thing is need in  our daily that can give boost to the increase in demand in the bitcoin .
Well in the last two week we seen that the dump in the price of the bitcoin was due to the reason of manipulation mainly , but now here I think they stopped Thier work of the manipulation and now market is normally increase with the guinine demand in the market of the cryptocurrency .
Well here we should enjoy this pump in the price of the bitcoin and also small increase in the gain of the altcoins market instead to make more speculations .


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April 18, 2018, 09:56:49 AM
 #15

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/

In my opinion, Bitcoin will remain the most important virtual currency since its appearance in 2008 but is not and will not remain the only virtual currency. Strangely, it will hold on to the other virtual currencies and will continue to grow. Many countries have legalized the virtual coins, while others have their own virtual currency. It says a lot about the stability and the importance of both Bitcoin and other virtual currencies.
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April 18, 2018, 10:04:38 AM
 #16

And the third reason is?

3. ....Number 1 and 2 triggered a pump and then the speculators jumped in because they thought this was the beginning of

the next big push. We see this happening when some event trigger a "panic" sell.... lots of trigger happy bots starts to sell

coins and now this happens in reverse.  Grin
Nobody really knows why the price spiked, but I doudbt it was a "pump" as, in this stage of the cycle, it would not serve anyone's interest. It was more likely some whale buyers who would have gone in with big money. This would have the effect we saw in the price hike. It would also explain the incredible calm we have seen since then where bictoin has barely moved, having been stuck at pretty much $8,000. This is probably the least volatile week we have had since the start of 2018.
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April 18, 2018, 10:05:58 AM
 #17

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/

If other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin which makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction of the virtual currency supply because it happens every 4 years, every 10 minutes there will be a reduction in the amount of Bitcoin to half. If other countries are familiar with the inflation policy in order to increase the production of currency to pay off state debts or pay the losses of war, for example, Bitcoin does not recognize this. Because in the world of Bitcoin aka the digital world, unknown to war and debt. So if you've invested into Bitcoin, it can be said if your choice is right.
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April 18, 2018, 10:14:34 AM
 #18

isnt that only 2??

& wrong section

people are just linking their own stuff here these days.
there is a surge of new websites being created these days about bitcoin and each of them are writing these silly articles or copy pasting from each other and they think if they paste the link here they can get a lot of traffic and have a successful website!
they fail to see that it is a temporary and small traffic rise!

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Cepot
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April 18, 2018, 10:22:32 AM
 #19

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
does the Muslim scholar's decision on sharia law affect the rise of bitcoin ..? may be this happens especially the investment reaches 23%

tdtduy
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April 18, 2018, 01:09:44 PM
 #20

Today, I worry that Bitcoin will continue to fall after reaching $ 8,000. New York's law firm has issued a notice examining the digital currency exchange industry. This will affect the psychology of many people are accumulating Bitcoin in the past. They fear the risk. And they sell Bitcoin to get back some of the cash they invested in Bitcoin. It will reduce Bitcoin prices in the near future.
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