What Caused Bitcoin to Jump 100%?

[DEX-Champion]

Is there any particular reason Bitcoin has jumped 100%+ in 5 months?

The article below is really interesting naming 5 of the potential causes, but i'm still not convinced this is sustainable - it's reminding me of 2017 times and I sense a correction. Let me know if you think it's any different this time and why?

https://medium.com/@marcus_61942/return-of-the-bitcoin-bulls-a-summary-of-the-potential-causes-f9febb1a4664

[squatz1]

Pretty simply -- more people wanted to buy Bitcoin then people that wanted to sell it, which would be in reverse if the price is going down. Pretty basic economics there folks.

There's probably some manipulation on the way up as well (as there is on the way down) -- this is the big reason the SEC won't allow for an ETF to go forward with Bitcoin due to the amount of manipulation certain exchanges can exert.

[CryptoBry]

I am sure those factors cited in that article somehow contributed for the bullish stance of bitcoin right now. The bottomline here is that more and more people are buying than selling bitcoin...to put it in the simplest terms. When you combined all of those factors (and there are more not included in that publication) they resulted into the overall positive sentiment of the market which is very important for bitcoin to propel itself to higher heights. I am just hoping that the bull run in 2019-2020 can be different than what we experienced in 2017.

[YOSHIE]

In general the price of Bitcoin is good / soaring is very much determined by the price of demand and also the supply or what is called Supply and Demand.
For this reason, the price of Bitcoin rises, of course, from these two reasons.

What I want to say is:
But the real reason why the price of Bitcoin is soaring free on the grounds that no one person controls the price of Bitcoin.

For example:
For this, the price of Bitcoin is determined by all people who have Bitcoin, it's up to how many.
If you have Bitcoin, it means that you are one of the people who has increased the price of Bitcoin.

[partysaurus]

Is there any particular reason Bitcoin has jumped 100%+ in 5 months?

The article below is really interesting naming 5 of the potential causes, but i'm still not convinced this is sustainable - it's reminding me of 2017 times and I sense a correction. Let me know if you think it's any different this time and why?

https://medium.com/@marcus_61942/return-of-the-bitcoin-bulls-a-summary-of-the-potential-causes-f9febb1a4664

alot of people been waiting for it to stop dropping and find support and it did at around 3k and once it bounced people panic bought and it just flooded the market with buy orders, and alot of shorts got liquidated on the way also just making the buy side get even more momentum.

[BQ]

Pretty simply -- more people wanted to buy Bitcoin then people that wanted to sell it, which would be in reverse if the price is going down. Pretty basic economics there folks.

There's probably some manipulation on the way up as well (as there is on the way down) -- this is the big reason the SEC won't allow for an ETF to go forward with Bitcoin due to the amount of manipulation certain exchanges can exert.

Wasn't this in relation to people moving out of USDT (due to the 70% backing news) = generally only BTC, ETH to enter = pumps
but, didn't dump back down. 

[CryptoReggae]

I think that from 3k there was a reversal due to purely technical analysis factors, a sort of oversold that made many of them have orders ready there and avoided further price collapses; subsequently from December 2018 there was then a continuous succession of news that in some way helped the volatility.

Volatility is an endemic factor of BTC, and until we have a large-scale spread of BTC I think it is difficult to see volatility reduced. After all, whoever is here to accumulate is not frightened by movements so abrupt.

I think BTC was not worth 3k in November, and it's not worth 9k today, as always the truth is in the middle and the speculators in these ranges make their big gains.

[palle11]

As usual, there is always cause and effect. Bitcoin price has not risen at any year without attributory factor to it. Thus, despite that people are demanding more and think the trade war between US and China can also be traced to it because it created panic of cash flow and therefore, saving in bitcoin was emplored.

[Lizzylove1]

You know the big banks and world economic think tanks try to suppress the bitcoin by engaging in FUD and paying Media to say all manner of rubbish against the bitcoin, but the more they bad mouth bitcoin, the more bitcoin continue to grow and more more prominent voices joining the bitcoin advocate, the banks won't be foolish to have just allow it to grow without secretly buying bitcoin. Many big investors are buying and trading bitcoin.   

[xWolfx]

Pretty simply -- more people wanted to buy Bitcoin then people that wanted to sell it, which would be in reverse if the price is going down. Pretty basic economics there folks.

There's probably some manipulation on the way up as well (as there is on the way down) -- this is the big reason the SEC won't allow for an ETF to go forward with Bitcoin due to the amount of manipulation certain exchanges can exert.

Yeah it is pretty simple. Offer and demand.

Over time the offer will probably go down and the demand might go up, depends and then we will see how everything turns out in the future. But i believe that the technology behind is too important to be left behind, too many possibilities with it.

[bittraffic]

I think after we hit the bottom of the market, it triggers in the mind of investors including whales that there are no people selling anymore and so they are buying back at the cheapest possible. We can not discount the manipulation here because after all, everyone including the small time traders are up to profit. We all contribute to the manipulations and deliberately panic and sell.

[Broly46]

Some of my humble opinions:
1. Trumpet the dump escalating trade war by banning products and services deal with china. The latest assessment is that Google decide to remove huawei from the recommendation list, with a grace of 3 months
2. Tether are no longer 1:1 pegged to US dollar only. It is now acted just like conman fed. You know what conman fed did? Pump the gold to the moon, and conman tether could do? Pump the digital gold to moon. I won't be surprise it was the tether who's has been buying non stop for the last three months or so, ofc they would deny it.
3. FOMO!! It's April fool. KYC hype and a combination of rumble the scramble exchange hacks and bans.

[Golftech]

Some of my humble opinions:
1. Trumpet the dump escalating trade war by banning products and services deal with china. The latest assessment is that Google decide to remove huawei from the recommendation list, with a grace of 3 months
2. Tether are no longer 1:1 pegged to US dollar only. It is now acted just like conman fed.
3. FOMO!!

Fomo's about those incoming updates that will be showing up most on the halving side, I guess the movements are all over as investors like to take chances in every manner that they could take the profits, the jumped will continue and not only that but for sure it will be more than that as the last time high might be reached or higher.

[dothebeats]

April 1st movement was purely a pump from the side of the bulls. Everything else that followed was pure FOMO and a bit of a market manipulation on the side. Add to that the on-going trade war between China and the US, only igniting even harder with Huawei's ban. The turn of events after the April 1st pump was complementary with the market, and I can only say that these are perfect recipes for an insane push from the bottom that we were stuck in for the past 5 months or so.

[Broly46]

Some of my humble opinions:
1. Trumpet the dump escalating trade war by banning products and services deal with china. The latest assessment is that Google decide to remove huawei from the recommendation list, with a grace of 3 months
2. Tether are no longer 1:1 pegged to US dollar only. It is now acted just like conman fed.
3. FOMO!!

Fomo's about those incoming updates that will be showing up most on the halving side, I guess the movements are all over as investors like to take chances in every manner that they could take the profits, the jumped will continue and not only that but for sure it will be more than that as the last time high might be reached or higher.

I was reluctance to consider FOMO, just after looking at the price crossing 9000, I don't know anyone would have expect that, because most of the self proclaim expert in trading would have sold all their bag when it's getting close to 6k, ofc I would never expect to see btc crossing 9000 again! It's just as FOMO as goku itself.

[kissme09]

Bitcoin lost 85% of its value in 2017, after ending the long-term reduction process Bitcoin has grown again. There is a lot of right information related to Bitcoin taking place in Q1 2019 that has positively affected the entire market, boosting the demand for ownership and promoting investment in Cryptocurrency from investors.

[seoincorporation]

Is there any particular reason Bitcoin has jumped 100%+ in 5 months?

The article below is really interesting naming 5 of the potential causes, but i'm still not convinced this is sustainable - it's reminding me of 2017 times and I sense a correction. Let me know if you think it's any different this time and why?

https://medium.com/@marcus_61942/return-of-the-bitcoin-bulls-a-summary-of-the-potential-causes-f9febb1a4664

I would say is the bitcoin drama what bring the attention for the normal investors, if you see what happened in the past months, the storm was huge on the sea, so, all that chaos make more people join to this market each day. While more drama price will bump more.

[Genemind]

I'm surprised at the current price of bitcoin. I have never thought that it could go this far. As for me, as people believe that the bull run is fast approaching the price increases as well.
Different events and adoptions also make the price of Bitcoin go higher which is an advantage for most traders.
I also agree with the reasons given in the article.

[Ailmand]

Pretty simply -- more people wanted to buy Bitcoin then people that wanted to sell it, which would be in reverse if the price is going down. Pretty basic economics there folks.

There's probably some manipulation on the way up as well (as there is on the way down) -- this is the big reason the SEC won't allow for an ETF to go forward with Bitcoin due to the amount of manipulation certain exchanges can exert.

Yes, it's possible. The supply and demand could also manipulate the prices. This has been happening especially when people are expecting for a hype. Sometimes, they didn't notice that their expectation is also affecting the prices as they decide to hold and invest more. The supply and demand always affect the market situation.

[Carrelmae10]

..those factors mention on that article are somehow contributed to the price jump of bitcoin..but i think the most important factor that have contributed much in bitcoin's price hike is that the demand of invester to crave more to have a lot of bitcoins for if we will going to go back for the last five months,bitcoins price are too low and much affordable that whales and other bitcoin enthusiast have bought and invested..that's why bitcoin jump 100% on its price now..