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Author Topic: [2018-06-13] Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam  (Read 41 times)
Jgilpulg
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June 13, 2018, 09:55:08 PM
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The growing consensus is that, given Bitcoin’s inherent resiliency, developments taking place in both technical and financial arenas will enable Bitcoin’s value to retake its ascending trajectory with even greater intensity.

https://bitcoinist.com/factors-that-will-push-bitcoins-price-higher-are-gathering-steam/


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June 14, 2018, 07:09:56 AM
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Obviously, what doesn't kill you makes you stronger and that is true to bitcoin. Its so resilient from this kind of attacks that it can bounce back and when every one is writing bitcoin off, suddenly it will gain steam and will make another push that those who are against it are back to the drawing boards to make a plan on how to pull the price again. We have seen this before and we all know that just one positive news will tip the balance on the other side.

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June 14, 2018, 07:37:25 AM
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Hopefully Bitcoin's time will come. We are still experiencing the consequences of the unbelievable price rally Bitcoin has made but I see it as a double edged sword as this what made the entire crypto market be notice to the majority of the people using the internet and even local news media have created news because of the last price rally. Also some financial analysts have previously said that Bitcoin will fail because of its high network fees and transaction speed. But now we all know Bitcoin has improved on both we may now see Bitcoin on a price rally again as soon as the whales starts buying back.

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kevoh
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June 14, 2018, 04:42:02 PM
 #4

Obviously, what doesn't kill you makes you stronger and that is true to bitcoin. Its so resilient from this kind of attacks that it can bounce back and when every one is writing bitcoin off, suddenly it will gain steam and will make another push that those who are against it are back to the drawing boards to make a plan on how to pull the price again. We have seen this before and we all know that just one positive news will tip the balance on the other side.
Not trying to be pessimistic but the problem is positive news that can push bitcoin price are very scarce these days. It's either the skeptics are trying hard to convince prospective investors that Bitcoin has no value or news that another exchanged is being hacked.

reliable
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June 14, 2018, 05:56:50 PM
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Obviously, what doesn't kill you makes you stronger and that is true to bitcoin. Its so resilient from this kind of attacks that it can bounce back and when every one is writing bitcoin off, suddenly it will gain steam and will make another push that those who are against it are back to the drawing boards to make a plan on how to pull the price again. We have seen this before and we all know that just one positive news will tip the balance on the other side.
Not trying to be pessimistic but the problem is positive news that can push bitcoin price are very scarce these days. It's either the skeptics are trying hard to convince prospective investors that Bitcoin has no value or news that another exchanged is being hacked.

This is the exact case where a slight good news can boost the btc and other coins demand and this will result in leading to price to move forward. Currently it is struck and due to this people seems to be in bearish mode and thus they are selling which is leading to fall in prices in market.
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June 14, 2018, 06:10:36 PM
 #6

Not trying to be pessimistic but the problem is positive news that can push bitcoin price are very scarce these days.
The best news is that Coinbase's Index Fund has opened up for investors, which is extremely bullish. It can be invested in only with a minimum of $250,000 though, but that's not a problem for large investors.

This fund will consist of~

Bitcoin 61.49%
Ethereum 27.19%
BCrash 8.27%
Litecoin 3.05%

I don't know why this isn't widely being covered by news sites, but is a pretty big deal. The more investors buy into this fund, the more coins will be taken out of the market for a longer period of time.

richardsNY
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June 14, 2018, 07:22:02 PM
 #7

Also some financial analysts have previously said that Bitcoin will fail because of its high network fees and transaction speed.

It's a common thing to fall back on for naysayers in case there isn't anything else to talk about. Bitcoin has to deal with high fee trash talk for ever, while it was only a very small time frame the fees were high. Even Roger Ver is talking about how Bitcoin can't function for small transactions anymore, and that while fees are less than a penny. Even if so, he will then probably blame Bitcoin for having fees of less than a penny while bcash has near free transaction fees.... It's like a small kid trying to always be better while in some cases it just doesn't matter anymore. All high fee trash talkers should conduct transactions now and see how expensive and slow it is. Wink
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