What's going on with BTC?

[kpcian]

I've seen a lot of prediction from a couple of blockchains experts in recent time, I think this is the real scenario of this trend like the price of Bitcoin ups and downs. If you took the example of the last year's ending then you might get a good assumption regarding this issue.
I hope Bitcoin price will touch another milestone very recently because this platform I mean Blockchain is getting accepted around the world and people are getting in touch of this system in these days. I also believe that Bitcoin will be the most vital coin and it will be the most precious coin also in the future.

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[astadbtc]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

There have been good news since Q4 2018. Even when the dip to 3K happened we had only good news. I cannot deny Tether had some part to do with the price exploding to 14K and this will be reflected later on a possible dip.

[fiulpro]

I feel like this US vs China trade war is definitely favoring Bitcoin.

You should know that both China and The US government are supporting the Bitcoins now.
US government is just expecting people to pay their long due unreasonably high taxes where as the Chinese government is actually being open about bitcoins and now telling people how it works.
Both are actually in support.
Don't understand why you would say that.

[romero121]

I feel like this US vs China trade war is definitely favoring Bitcoin.

You should know that both China and The US government are supporting the Bitcoins now.
US government is just expecting people to pay their long due unreasonably high taxes where as the Chinese government is actually being open about bitcoins and now telling people how it works.
Both are actually in support.
Don't understand why you would say that.

The trade war between China and the US doesn't have anything to do with bitcoin market move. The bitcoin value is irrespective of the market situation prevailing around the world. In recent days there is good news happening around the world connected to bitcoin usage. China too has shown some positive signs of regulatory usage of bitcoin which will serve as the boosting over the falling months.

[Herros]

The development of Bitcoin still attracts market participants. Moreover, the potential increase in bitcoin prices is increasingly tempting to buy. It is worth to know that the Halving Day cycle is one of the increasing bitcoin price factors. But there are also a number of other factors that are in the price of bitcoin, such as Fidelity Digital Assets that provides custodian services and Bitcoin trading for large investors.

[freedomgo]

There are lot of factors that may affect Bitcoin's price. But it doesn't mean that we should be scared or something. We are one of the factors why it is moving up or down. Aside from the whales decisions, the behavior of the price probably the result of what is happening in the market.

Whales decision to pump and dump the market would not aggravate if we don't follow that drive.
They know people will panic when their FUD and buy when there's hype, they are taking advantage of that reality now, and while they took advantage, they are also making money on it.

[kogozer714]

since December 2018, there have been many people waiting for bitcoin to rise, and at the right time investors welcomed and finally boomed, bitcoin shot fast and everyone felt happy. no one can create a good bitcoin market if investors and users don't click.

[bitbunnny]

There are lot of factors that may affect Bitcoin's price. But it doesn't mean that we should be scared or something. We are one of the factors why it is moving up or down. Aside from the whales decisions, the behavior of the price probably the result of what is happening in the market.

Whales decision to pump and dump the market would not aggravate if we don't follow that drive.
They know people will panic when their FUD and buy when there's hype, they are taking advantage of that reality now, and while they took advantage, they are also making money on it.

It's true that whales are taking advantages on the situation in the market especialy when the panic selling is going on.
But honestly I don't think they can influence market so much they can start pump or dumps process according to their wishes. This sounds more like a conspiracy theory to me

[imstillthebest]

Much positive news about bitcoin that I read every day

not everyday because there are days that negative news pops out and most of the times negative news are bigger than the positive one  . a good example would be the hacking incident that are happening on major exchangers lately  .  

@op , you shouldnt be confused if whats happening with btc because the state of btc is still normal or usual than on what we experience before  . its value is still volatile and sometimes it pumps but most of the times it dumps  .

[Bitcoin Seller]

I think its possible for BTC to hit 20K by the end of the year. However, its hard to predict the price and even experts get it wrong.

However,  as long as you respect the rule to never invest more than you can afford to lose, you can take an assumed risk.

I wish you could be right, and Bitcoin would reach 20 thousand, but there are not too many chances for it, unfortunately. I guess it can happen in 2020. Bitcoin halving will launch the rise of this cryptocurrency. Now, the maximum that BTC can reach is 15 thousand. However, if it reaches 15K, the decline of the market will start after this event very soon, in a couple of weeks.

[ritu_bd]

How many days ago Btc increased because new investors came into the crypto market, and when new investors started coming to crypto market, the price of bitcoin started. If we compare it with our real life, you will understand, as you have gone to the market to buy fish and many people have gone to market to buy fish, now if there is only one good fish in the market and everyone wants to buy that fish then that fish The price will rise. And if there is no buyer without you to buy the fish, then you can buy as little as you want. Hope you understand.

[BabyBoss]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

Probably this  is all the questions now whats going on to bitcoin. Because its not growing fast people expecting of the higher volatility but its not working. Maybe in few months bitcoin will go back to normal. Bitcoin will go back to 20k 50k each. I don't lose hope that time will come soon.

[keziakusayang]

the number of purchase requests is one of the biggest influences for the increase in BTC prices and currently with the crypto market more and more requests can be seen from higher volumes in CMC. compared to a few months ago the current price of bitcoin is getting better and many predict that early next year will be good for bitcoin holders because many believe the price will be very high, hopefully it really happens.

[shoreno]

Looking at the movements of the past few months with bitcoin, it can be concluded that the movement will get better.

there is no solid proof that past performance of btc can contribute to its future because if its true then why btc today is still down ? however it is true that there are now more people knew about bitcoin but those people still solds thier coins on some other times resulting for the value of btc to decrease   .

currently with the crypto market more and more requests can be seen from higher volumes in CMC.

some says that not all volume is legit .  no matter how huge those volume you see but the price of the coins is still the same  , that still makes no sense at all .

[allaking]

Pinpointing a particular factor or allocating a particular cause of the upsurge of bitcoin will be a very difficult thing to do and even a mistake to do that. I believe it is as a result of multiple factors or maybe history is repeating itself as it happened in later part of 2017. Am believing that it won't drop to the extent that happened in 2018.

[SquallLeonhart]

Much positive news about bitcoin that I read every day

not everyday because there are days that negative news pops out and most of the times negative news are bigger than the positive one  . a good example would be the hacking incident that are happening on major exchangers lately  .  

@op , you shouldnt be confused if whats happening with btc because the state of btc is still normal or usual than on what we experience before  . its value is still volatile and sometimes it pumps but most of the times it dumps  .

That is because you chose to pick on the negative news, and I guess that he is the type that ignore negative news which is what I do every day, there are lots of news that comes about bitcoin every day, both positive and negative, but what I have learn to do is to always ignore the negative ones, except for those that are trading with bitcoin, then we may say that they need technical analysis and also news to be able to trade.

For those who are into Long-term investment, I am not so Sure that we really need much of that negative news since our ultimate goal is to have our investment stay till bitcoin yield the highest possible result in future which I believe that by the end of this new bull run, bitcoin will reach over $35k in value.

[Little_king]

I don't think there is much to say about the surge in BTC at current market price as the market has been in bear for over a year and just trying to recover should not be a much headache to us all , though many thought bitcoin still need more down trend to $1000+ before we see a surge to moon but it has bounced back from $3200 area which is still very OK with 85% down compare to the ATH price .

[ethereumhunter]

since December 2018, there have been many people waiting for bitcoin to rise, and at the right time investors welcomed and finally boomed, bitcoin shot fast and everyone felt happy. no one can create a good bitcoin market if investors and users don't click.

Am one of these people who have been holding from 2018 till date and still holding for a better profit. Bitcoin has been doing well and I must appreciate the facts that, the percentage at which it has risen this year was awesome and we can see a greater days ahead of Bitcoin. Basically what we are experiencing now can tell of what will happen to us next year. Keep up, keep it up Bitcoin.

we can only predict for next year, but we are not sure when prices will soar high. what is clear is that we all believe that the future of bitcoin will shine later, and we must wait for that moment, because I myself still hold it from the beginning of the year to the present. my target is to release it at $ 20k, which was the previous highest peak

It will increase in the next year, and you can hold your bitcoin for one year later so you can sell bitcoin at the highest price. If that price can reach $20k or more, then I am sure that we can repeat the history that happened in 2017-2018, and we will make a bigger profit. But then, we need to be patient because bitcoin price now still struggling to break the higher rate. Until that time, we could only wait and enter the market if we want to get more profit and more bitcoin.

[elisabetheva]

The volatility in the traditional market and downfall of the economy is giving a boost to the BTC, along with that the past events such as Libra launch, Bullrun, LTC halving are also giving ignition to the BTC price upsurge.

I agree that there is a big impact from the rise to bitcoin from the economic downturn, but with the launch of Libra etc. I don't see it as a trigger. and it should also be noted that brokers who play against bitcoin also have the most influence.

[lepbagong]

These guys say that BTC is going up thanks to apps such as Lolli and CasaHodl which have helped to accumulate and simplify the process of being a bitcoin market participant. https://cryptotradernews.com/cryptocurrency/why-is-the-price-of-btc-rising/


Any other explanations as to what's causing this BTC upsurge?

The analysis can be true, but it can also be wrong and there is no influence at all because we know that there are already many stories about this.
I also cannot properly analyze what happened, but could it be due to the economic slowdown or the trade war between the US and China? but if you see the improvement of crypto, it doesn't seem like it is and there are still many projects that fail and become a scam.