KennethDarnell
Newbie
Offline
Activity: 56
Merit: 0
|
|
July 30, 2018, 06:34:46 AM |
|
There has been a notable pump in the price of Bitcoin. This pump might be due to the G20 summit. This G20 summit took place on the capital of Argentina where world's 20 largest economies met. Soon after the summit, rise in price of Bitcoin was noticed.
|
|
|
|
|
|
|
|
|
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Eto_mete
Newbie
Offline
Activity: 51
Merit: 0
|
|
July 30, 2018, 06:47:50 AM |
|
I guess the end of their initial meeting positively and now the day has come for the final verdict and I hope that it will be very favorable for us. I think it is a simple matter for crypto market that there has a possibilities to getting the market rise and down.
|
|
|
|
Akmaral ( Akee)
Newbie
Offline
Activity: 31
Merit: 0
|
|
July 30, 2018, 08:58:25 AM |
|
That meeting gives us a positive vibe. I assume ETF decision vibe made the BTC price rise higher in the market through The meeting made some effect in the BTC price also. That meeting came up with a statement which is not very hostile to Crypto-currency market. So that makes hope.
|
|
|
|
DwaneJacky
Newbie
Offline
Activity: 68
Merit: 0
|
|
July 31, 2018, 03:02:17 AM |
|
Could be or could be not. What the main reason behind it is that the investors were waiting for a slight indication for the price to rise. And the minute that happened, even after weeks, the price of the BTC started to have a constant rise.
|
|
|
|
vuithoinha
Newbie
Offline
Activity: 196
Merit: 0
|
|
July 31, 2018, 03:39:55 AM |
|
"Following discussions, the G20 released a statement where it said that cryptocurrencies “do not post a global financial stability risk” at present, but the asset class will remain under close examination going forward". This is the key to Bitcoin's rise
|
|
|
|
tutorroma
Member
Offline
Activity: 255
Merit: 10
|
|
July 31, 2018, 03:48:54 AM |
|
Last year's G20 meeting directly promoted the prosperity of the ICO market, and it was the dramatic growth of the ICO that led to the bull market at the end of last year. I believe that this year's meeting will also become a driving force for the bull market.
|
|
|
|
JohnDcosta
Newbie
Offline
Activity: 64
Merit: 0
|
|
July 31, 2018, 05:19:31 AM |
|
The investors were in HODL for a long time. To be precise, for months. So, the minute the price rose, the investors were in action and that led to this consequence.
|
|
|
|
AlvinJetton
Newbie
Offline
Activity: 70
Merit: 0
|
|
July 31, 2018, 11:53:50 PM |
|
The link given above, sadly is not working. Hence, l tried putting up some latest insights of recent Bitcoin breakthrough in my opinion. These include events such as, SEC negotiating for BTC ETF and getting above 90% approval from public and countries like Costa Rica, Venezuela, Africa. Also payment options increased with the use of Bitcoins in many well known companies like Samsung, BMW etc.
|
|
|
|
DiamondsAndCoins
Member
Offline
Activity: 200
Merit: 10
|
|
August 01, 2018, 12:36:07 AM |
|
The exact reason could have been the Buenos Aires conferences or the ETF decision that was about to be made by the SEC. It seems the air is escaping that little rally we had.
|
|
|
|
DanielJacob
Newbie
Offline
Activity: 112
Merit: 0
|
|
August 01, 2018, 05:47:23 AM |
|
Unfortunately the link you provided seems to be broken, however, recent events like G20 finance meeting, SEC negotiating for BTC ETF and getting a 97% approval from public and countries like Costa Rica, Venezuela normalizing BTC has made the recent breakthrough for Bitcoin according to my opinion.
|
|
|
|
ShawnJessie
Newbie
Offline
Activity: 70
Merit: 0
|
|
August 01, 2018, 07:14:38 AM |
|
There are many events happening around the world that are responsible for BTC getting pumped in the last couple of weeks. Though the link is not working but I read the news in some other site. I feel like these news are only spreading positive vibes among the crypto community and demand for BTC is rising because of that.
|
|
|
|
|