What's going on with BTC?

[Meowth05]

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?

It was a bitcoin price pump by the whales and exchanges to attract people and institutional investors. Too bad the bitcoin price is falling down at the moment perhaps it is the market correction to stabilize the bitcoin price eventually. The way we're seeing the market is not looking so good but we never know what will happen tomorrow whether good or bad.

Therefore, it’s better to buy Bitcoin gradually, I’m buying Bitcoin when there is free money. I try to do this at least once a month. But I also buy Ethereum, because this coin is growing in trading volumes every day.

It is a good option to buy these two promisings coins especially bitcoin because it has a high potential that would give a high return. Actually you can buy bitcoin whenever time you want since bitcoin is very volatile so even if you buy at high price you can still earn a profit it goes higher. In this type of market, patience and adaptation are really mattered because there are times that uptrend will take time, there are times that it will increase and surprise you up. The market is really unpredictable that is why we need to monitor it all the time.

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[alexsandria]

I don't think that's the reason on why bitcoin value is increasing. There are many factors why the value is going up or on the up surge, and obviously we cannot pinpoint it. Also, it has to go up, it is its nature. Nevertheless, even though we don't know the exact reason, let's ride this wave and get the most out of it.

[crossabdd]

I just saw from the chart pattern. and Bitcoin has broken the pattern of falling prices. and has made a new pattern of ascension. I think the rise in the price of bitcoin is from various good news about bitcoin. and many companies have started to adopt bitcoin for transactions. ahead of halving bitcoin, all price movements showed a good increase. This will be like halving before, but the price increase becomes earlier.

[Murat]

No one is able to define exactly what's going on, you see the whole world is not going well and everywhere we are observing the massive disorder and haphazard situation, The relationship between the two biggest countries are very vulnerable, economic condition is well anywhere, the political dispute is rising in many countries, stock market in every country is in under pressure, So blockchain and cryptocurrency is not out of these scenarios. And Bitcoin is the main pillar of this platform so far I think. So it doesn't matter, it's a matter of time, you also should think that everything has ups and downs so you need to consider this situation is not favorable to us and Honestly saying that I never heard about such type of Apps what you've mentioned here.

[bounceback]

if we see a lot of factors that cause an increase in bitcoin but we can also make sure it's true or not, like one of the reasons for the rise in bitcoin is because many investors buy bitcoin, and there are others who say bitcoin goes up because now bitcoin is giving little prizes to bitcoin miner members and also other events that are paid for with bitcoin.

[apoorvlathey]

if we see a lot of factors that cause an increase in bitcoin but we can also make sure it's true or not, like one of the reasons for the rise in bitcoin is because many investors buy bitcoin, and there are others who say bitcoin goes up because now bitcoin is giving little prizes to bitcoin miner members and also other events that are paid for with bitcoin.

I think due to the high cost of Bitcoin mining, the price of it will not fall below $ 7,000. This is a good enough defense in case of a crisis in the cryptocurrency market, miners make a big impact on the price of Bitcoin.

Along with that the amount of bitcoins left to be mined are getting reduced with each passing day. 18 Million bitcoins out of the maximum limit of 21 Million have been already mined. The next 10 million would be mined in the next 10 years. That would leave us with 1 Million coins left to be mined for 110 years.
As the scarcity of a commodity increases, so due to supply and demand the price is bound to increase.

[NeironixNV]

Here very nice view on the market https://neironix.io/ru/news/bitcoin_correction_technical_analysis, but I think no one expected such growth to 10,000 in the moment 
Now i think it is trap for buyer, and soon we will go down(

[SaShiRaJaVu]

BTC shows very strange results. Day after day i see +3 -3 rates. +300 USD then -300 USD.
What is going on? And when we will see good news?

The bitcoin market was stable for sometime and if you were in the market for a long time you will not find these range that strange to accept but the recovery we had was astonishing as no one expected that to happen in this short period of time and if you had the opportunity when the market went down you could had made a good profit in a short period of time, it is too early to expect a big rally but we will see those rallies after the halving.

[shorty01]

next days will be most important if you care about mid term price change

[Zeke_23]

BTC shows very strange results. Day after day i see +3 -3 rates. +300 USD then -300 USD.
What is going on? And when we will see good news?

The bitcoin market was stable for sometime and if you were in the market for a long time you will not find these range that strange to accept but the recovery we had was astonishing as no one expected that to happen in this short period of time and if you had the opportunity when the market went down you could had made a good profit in a short period of time, it is too early to expect a big rally but we will see those rallies after the halving.

This is just a normal situation in the bitcoin market, high volatility was with crypto after all.
It is indeed that no one expected this sudden increase in the previous days, and it is a great opportunity for some to make a profit for that sudden jump.

[EdvinZ]

Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.

[error08]

Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.

China adopts blockchain technology has nothing to do with the latest pump. Chinese people even find it difficult to trade bitcoin.
The recent price surge mostly caused by whales, probably institutional investors buy the dip and stockpiling bitcoin into their stash.
as we're approaching the end of the year and bitcoin halving might give a boost to investors, although there will be chances for whales to dump their coins again before halving take place.

[syaripudin]

Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.

the rise and fall of bitcoin prices can indeed be influenced by several factors, one of which is the variety of news that is able to influence the price of bitcoin, but if we look at the market situation of course the price of bitcoin moves up and down only based on the number of requests and offers

[piebeyb]

Possible people looking forward for the Bitcoin reward halving next year.  It is proven in the history that BTC goes up once Bitcoin block rewards halved.  You can see it on this chart.


Image taken  from : https://twitter.com/GrayscaleInvest/status/1108008602806218753/photo/1

This is what people are looking for right now.  The reason why Bitcoin price is surging

I think the same thing with this, the thing that allows the price of bitcoin to go up is to look back in history, I also write about it here, I once did an analysis and research that a year after halving the price of bitcoin will increase, it happened the second time and think maybe it will happen for the third time, halving will happen in May 2020 so everyone will wait at the same time to find the moon in 2021

[Lmaooo]

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?

It was a bitcoin price pump by the whales and exchanges to attract people and institutional investors. Too bad the bitcoin price is falling down at the moment perhaps it is the market correction to stabilize the bitcoin price eventually. The way we're seeing the market is not looking so good but we never know what will happen tomorrow whether good or bad.

Therefore, it’s better to buy Bitcoin gradually, I’m buying Bitcoin when there is free money. I try to do this at least once a month. But I also buy Ethereum, because this coin is growing in trading volumes every day.

It is a good option to buy these two promisings coins especially bitcoin because it has a high potential that would give a high return. Actually you can buy bitcoin whenever time you want since bitcoin is very volatile so even if you buy at high price you can still earn a profit it goes higher. In this type of market, patience and adaptation are really mattered because there are times that uptrend will take time, there are times that it will increase and surprise you up. The market is really unpredictable that is why we need to monitor it all the time.

There are many factors that are influencing the bitcoin price growth this year from China and US trade war to Facebook Libra coin news. Bakkt launch news also helps in keeping the cryptocurrency market momentum going. Now, China's announcement to adopting blockchain technology, that news also helps the market. 

[ILuckyGuyI]

Actually it is hard to know the reason of the rise of Bitcoin price mostly. After all, Bitcoin price is volatile and there is always a possibility for a big fall and increase. We need to get accustomed to that first I think.

[Swopon]

That's good going on BTC. The year of a pandemic is favorable for BTC. This month especially goes just ow but what's the specific reason I don't know. Maybe the demand increases rapidly for BTC or maybe it facing some speculation. But the overall market is in the favor of investors. But investors have to secure and aware more this time.

[ardentvolcanoes]

That's good going on BTC. The year of a pandemic is favorable for BTC. This month especially goes just ow but what's the specific reason I don't know. Maybe the demand increases rapidly for BTC or maybe it facing some speculation. But the overall market is in the favor of investors. But investors have to secure and aware more this time.

Indeed, those traders who bought bitcoin way back maybe a year ago are now enjoying all the profits that they are gaining from this investment.

Everything is good until this day, there are chances that it will bring more coming next year, like what you have said, very important to all holder

to be more aware and learn how to maximize your profits.

[Kez1817]

Actually it is hard to know the reason of the rise of Bitcoin price mostly. After all, Bitcoin price is volatile and there is always a possibility for a big fall and increase. We need to get accustomed to that first I think.

Whatever is it, the only reason that I know why bitcoin surge high is because of the continues increasing in demand. The demand that came from nowhere, consist of different types of people in the society such as  millionaire, billionaire, middle class, ordinary people that also supporting and investing in bitcoin even in a small amount, and those big companies.

Another factor that affect bitcoin is this current pandemic which made people to believe in bitcoin.

[NelfiNovita]

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/

I'm not too sure if this application is what makes bitcoin prices even more expensive.  In my opinion, the price of bitcoin is getting more expensive because the richest investors in the world are pushing the price of bitcoin to be more expensive, besides that the price of bitcoin is getting more expensive because there are several shops or online markets that use bitcoin as a means of payment so that bitcoin is increasingly being loved by everyone.