3 Reasons why Bitcoin is Going Up!

[narkiss]

Regarding that Islamic scholar speaking in favor of bitcoins, I do not think that it is a major factor. Many of my Muslim friends are investing in crypto for years.

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[el kaka22]

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.

If government wanted stopping us, it would have been done a long time ago, so I really do not see that as a problem anytime any day and even if this was to happen, they would not just come out straight to just screw the system, it would be done strategically and probably put in some policies to start making people get frustrated with the idea of making use of cryptocurrency.

These are all normal in any new market anyway, but for the pump that happened recently, I am sure we cannot say exactly what caused it and everyone is just speculating and looking for answers.

[S_tring]

is it finally beginning to happen.I was waiting just for a very long time when bitcoin starts to grow and the market will still be green

[semes]

Bitcoin's greatest endurance is very important to the far eastern countries, and crypto money will always be high unless it loses its support in that region. If other countries support it, the price will rise rapidly. Particularly if the countries that implement the mining law remove these bans, it will be very good for Bitcoin and the future. As far as I know, it has never been any ban on Muslim countries, but it is of course very important if we assume that the world has a large number of Muslim people and a certain economic power. He told me that there are many Muslims in the crypto money trade, as opposed to the fact that the approach of the Muslims towards the crypto money is not bad. I expect that in the near future we will get clearer news.

[talkbitcoin]

Regarding that Islamic scholar speaking in favor of bitcoins, I do not think that it is a major factor. Many of my Muslim friends are investing in crypto for years.

that is true, they have been investing in bitcoin for years because it was already allowed even before the news hits the media. but also you shouldn't forget that this news is yet another official approval of bitcoin and that is always a good thing to have and will lead to bigger rises in long term.

[naidray]

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.

Yeah, it is really about large scale adoption and once we have some particular interest joining the world without being limited by religion, government or anything, I feel that should really be a good one for the community. I am not even particular about what could have caused the pump as no one really knows, but the news in itself is actually not a bad one and can bring some positive vibe as well for more demand.

It may actually be a good driver considering some speculators or traders may think that should cause some new set of investors into investing in the market which we can call new money. I really do not want to believe this would really have caused that huge impact which seems to have been stopped right now in the $8300 region. It is not what caused this that we should be focused on now, it is the way forward. Can this be maintained or was it just a quick pump that sends us back down soon?

[sopy82]

If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). depending on the price of the request (the person who buys) and the offer price (the person selling). In the practical language is supply and demand.

[cmacwiz]

There are many reasons behind its growing price. But here i discuss the three main reasons. First reason is its innovative money transaction facility. Everyone wants an secure and uninterrupted money transaction in which no third party like bank can interfere. And bitcoin provide such opportunity to its users. Second thing is its network. Bitcoin is the first digital currency which is decentralized in nature. Which means their is no central authority can control it and everyone who doing Bitcoin are boss of their own job. Third reason is its popularity among people. Bitcoin is accepted in many country and highly recommend crypto currency. 

[19nataliya12]

3 reasons why bitcoin will grow in the second quarter of 2018 The first quarter was issued for bitcoin (Bitcoin) especially unsuccessful - pressure from regulators and refusal of many platforms such as Google, Facebook and Twitter, from advertising кpиптoвaлют and ICO affected. However, many analysts are sure that in the second quarter everything will change, and the first crypto currency will return to the green zone. So, co-founder BK Capital Management and Kriptotreider Brian Kelly listed at once three reasons for the growth of bitcoin in the next three months. The deadline for filing tax returns in the US ends on April 15, the deadline for filing tax returns in the United States is coming to an end. Investors who earned a December bitcoin rally are now looking for funds to pay taxes, which encourages them to sell the crypto currency. But within a week, any "tax-related transactions" should end, Kelly is sure. (Separately, he noted the record ICO Telegram: this project attracted 1.7 billion dollars, possibly partially withdrawn from the BTC market.) Coincheck deal has already been approved The Japanese broker Monex Group buys the Coincheck cryptographic exchange for 3.6 billion yen (33.6 million yen) dollars). It is not the fact of sale that is important here, but the fact that Monex Group is the parent company of the American TradeStation and is publicly traded on the market. "This is a significant increase in confidence; now you have an adjustable public company in Japan that buys a crypto-exchange, "Kelly said. History is also on the side of bitcoin. March was not easy for crypto investors (unless you were going to buy bitcoin at the bottom). But, according to Kelly, the third month of the year is historically unsuccessful for the first crypto currency. According to the calculations of Fundstrat, bitcoin showed growth in March only once in the last seven years. But April is traditionally one of the best trading months for bitcoin, a growth crypto currency in five out of seven cases.

[Buchanansd]

Really? Bitcoin price is going up because it is compatible with Sharia law? lol

As long as the price goes up, I ain't complaining

[muhammedb]

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 think the first reason is the excellency raise of bitcoin, the #2 reason meant also be true. because if the muslim now fine bitcoin as unsinful asset and decide to invest it can also cause price increase due to the rate of population.

[ALI AKBAR]

Since 2008, Bitcoin Bitcoin will be important in all virtual currencies. But there are many reasons to get out of Bitcoin, Firstly it is not legal to use all over the country, people can not use it freely. Second, its trading system is not yet fast, which means that it takes a lot of time to transfer. Thirdly, when ID is hacked by investing in it, people suffer from insecurity.

[rose9696]

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/

yahoo join is a failure of crypto. I think they will not do anything good for Crypto. Their purpose is to make a profit from buying high and selling low at bitcoin to recover some of its small companies. Anyhow, the more businesses and countries involved, the bitcoin grows.

[Digitalbitcoin]

Strange. I think there is no sense of distinguishing Bitcoin or Cryptocurrencies on religious basis.

There are many reasons for price increase of Bitcoin. Few reasons mentioned are right just because such countries are taking positive actions with technological implementation.

I believe in evolution, revolution and technology trend which is currently making positive impact on many businesses to go decentralized. Upcoming future will be more decentralized as no Corporate, government or organization can control or handle it. And this the future. Which is bright.

[JerryJam]

The growth of bitcoin is inevitable. This is indicated by some factors.Major bitcoin markets are waiting to create a regulatory framework to avoid uncertainty.A week later, the transactions related to the payment of taxes should end. To pay taxes, the funds received from the sale of cryptocurrency will be used.This project attracted about 1.7 billion dollars.Another reason for the appreciation is a significant increase in confidence in bitcoin. I think that in the second half of the year bitcoin will return to the green zone.

[jpaul]

I agree with the first reason but the second reason is just meh. Yahoo Japan is like one of the most visited website in Japan and them getting involved with crypto currencies is going to do wonders for the markets as they can bring the general population to the crypto world and that too in huge numbers.

[KingScorpio]

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/

why are the islamic scholar excluding everything except bitcoin? isnt that exclusive? shouldnt they also consider the other 23000 cryptocurrencies? if they would the would have to say something else.

[Coin_trader]

What you have cited is not the only reasons for the growth of Bitcoin, there are so many reasons that can be cited but yes, your reasons are some of them. Many adopt Bitcoin as their method of payments and their adoption is another reason for the growth.

[Atits]

Bitcoin is trading at its highest price in almost two years, driven by several factors including market conditions in Asia, according to experts in the cryptocurrency.

The online currency ended Monday at around $542.77 and hit a high of $548.5 on Tuesday. The price has surged in the last week, climbing 22 percent since last Monday; year-to-date the price for bitcoin has increased by 25 percent.

As a result, this is the highest price bitcoin has reached since August 2014. CNBC examines three reasons to explain the rising price.

[Jessica2009]

       Bitcoin price depends on several factors the reason for Bitcoin price growth is legalization of Bitcoin in Japan that leads to trade more in business and traders transaction is done in Bitcoins. Bitcoin is limited to  21 million and according to the law of demand and supply the demand is more and supply is less the price will increase naturally. So accordingly the world wide demand for Bitcoin will generally increase the price rise of Bitcoin.