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Author Topic: Why bitrcoin is going up  (Read 616 times)
akirasendo17 (OP)
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January 08, 2020, 04:14:33 PM
 #1

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

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January 08, 2020, 09:24:35 PM
 #2

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.
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January 08, 2020, 10:04:16 PM
 #3

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.

Why do you recommend in selling Bitcoin?

Are you dumb! There is nothing to panic, it is a small pump and is common with Bitcoin afterall it is one of the most volatile crypto.

No matter what keep hodling you Bitcoin this year, Bitcoins halving is on the way and a small Bull run too. The price of Bitcoin is still below $10k. Till that time keep hodling.

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January 08, 2020, 10:23:11 PM
 #4

As at the time of this post the price of Bitcoin has just started dumping again. Basically the pump was whale manipulation as they have done to the market before now. Although, many factors may contributed to the pumping which might have been rumors against USA going into war with Iran. The whales may took the advantage of the rumors to carve out profits for themselves.

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January 08, 2020, 10:55:40 PM
 #5

Could also be that the halving it approaching.  Maybe people are trying to go ahead an buy some before the price starts to really rise.

 
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January 08, 2020, 10:59:09 PM
 #6

Many reason to choose from and for me you have to focus on your goal this year because the best price is yet to come. Its too early to celebrate but its ok, as long as you don’t sell your bitcoin at a loss you’ll be good. Halving is fast approaching, bitcoin will react positively on that.
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January 08, 2020, 11:09:05 PM
 #7

no one knows for sure the reason for the rise in bitcoin, ups and downs in prices is common in trading, I prefer to rely on technical analysis rather than news, maybe bitcoin will go down to swing the price, but on the daily chart bitcoin is still showing an upward trend, it's better to do your own research than to rely on other people's predictions.
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January 08, 2020, 11:15:43 PM
 #8

no one knows for sure the reason for the rise in bitcoin, ups and downs in prices is common in trading, I prefer to rely on technical analysis rather than news, maybe bitcoin will go down to swing the price, but on the daily chart bitcoin is still showing an upward trend, it's better to do your own research than to rely on other people's predictions.

it is the combination of various factors why the price of bitcoin is increasing for the past few days and we are all happy about it. many will take advantage of this situation, either they are buying or selling and that is a good progress in the crypto trading market.
no one can exactly determine the sources of why we are experiencing the improvement of bitcoin's price but we are just pinpointing it to possible obvious reasons like the situation in the middle east, upcoming halving...

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January 09, 2020, 01:12:42 AM
 #9

Looks like #3 is happening right now. A short-lived pump of up to $8,400, and now we are back again at $7,900, which could be considered as another support level, thanks to investors buying in back and continuous demand to Bitcoin. Though the possibility of another bull run is quite something, we might still see another dump if whales didn't see any rise in market trading volume and unable to break the resistance level.



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January 09, 2020, 01:49:44 AM
 #10

The price change has certainly boosted up than last month but bitcoin has always shown volatile price with changes upto 10% a normal.
Bitcoin did reached over $10K+ and stayed there for quite a time before the correction started. And with a halving approaching, we would see a increased amount of price fluctuation oriented for a rise.



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January 09, 2020, 01:54:29 AM
 #11

Whenever there happens growth cryptocurrency users look for reasons. Rather than researching about its growth good is to experiment with the funds we have. These are time for immediate profiting that can't be earned everytime. Somehow the price of altcoins too have begun to grow following bitcoin which seems to be true growth than manipulated growth by whales.

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January 09, 2020, 02:33:12 AM
 #12


1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

There are so many issues regarding WW III and making the activities in the crypto market go up, this was in my mind when the US sent an attack and it might be the cause of the rising price of bitcoin. As you say whatever it is do with caution because of the decentral crypto market. Crypto has a faster rate of fluctuation and changing conditions may change now that trump say de-escalates to Iran after Iran sends a missile to a US military base, we don't know what will happen.

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January 09, 2020, 02:35:02 AM
 #13

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

The possible war between Iran and USA is already starting to wane and is not anymore a valid reason for the rise of Bitcoin and in fact BTC is now slowly retracting while maybe hoping for another catalyst for the bull run which I am expecting will not be happening within this year. The possibility is that there can be some mild surge as a reaction to the coming halving but it can never go beyond the last ATH in 2017. We are in the "free" marketplace and so bad news and good news can be affecting the price movement of BTC and of course let's also give some leeway for possible manipulations by those who can flex their muscle easily. 



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January 09, 2020, 02:48:31 AM
 #14

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.

Why do you recommend in selling Bitcoin?

Are you dumb! There is nothing to panic, it is a small pump and is common with Bitcoin afterall it is one of the most volatile crypto.

No matter what keep hodling you Bitcoin this year, Bitcoins halving is on the way and a small Bull run too. The price of Bitcoin is still below $10k. Till that time keep hodling.
I might agree to selling your bitcoin I also think that due to the war of the US and Iran the bitcoin market price is being manipulated. I Think as the war started we are expecting the price of bitcoin to dump and not to skyrocket like this so in my opinion market price is being manipulated. Also, the US is already offering peace to Iran I read it in some articles if Iran accepts it, this might bring back the bitcoin in its original market price that is completely dependent to supply and demand in the market.

But this is just my opinion I think their are so many things that are affecting the market price of bitcoin but if you are not aiming for a long term investment I suggest to sell your bitcoin if you already getting enough profit in it.

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January 09, 2020, 03:03:45 AM
 #15

I'm not a fundamentalist so I do not care about news, I only rely my decisions on the chart. The reason why the.price of bitcoin is now going up is simply the buyers overwhelmed the sellers, it is the data that I got from my analysis. The bitcoin surpass its previous resistance and then there is a breakout that happen that cause the price to increase. I always cringed if I read about the war that causes the price bitcoin to increase, it is not like that for me.
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January 09, 2020, 03:50:41 AM
 #16

I don't know what caused the recent rise in bitcoin prices, maybe because of several factors happening now that bitcoin can go up like this.
obviously I am glad to see this increase means we will pass the price of $ 10k soon and we will enter a period of increasingly green market growth.
Could the whale be doing something so that the price of bitcoin could be controlled and the whale could make a big profit.
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January 09, 2020, 04:27:14 AM
 #17

still a question mark why Bitcoin can rise? many people think this is a bull trap but for me it is not important because with seeing the growth in the price of Bitcoin now have is makes Bitcoin holders happy. maybe there are several factors that make the price of Bitcoin go up and we still don't know about that factor. hopefully in the middle of this year there will be a big surprise from Bitcoin.

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January 09, 2020, 05:14:19 AM
 #18

The price of Bitcoin is already beginning to fall, went correction after a sharp increase. Given how the previous few months the price of Bitcoin changed from 400 to 1000 dollars for a couple of days, I would not be surprised if we see again 7000 dollars for Bitcoin in a few days.

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January 09, 2020, 05:32:22 AM
 #19

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

Maybe it is affected, as we see that the people of iran are preparing for the worst might happen so they are also preparing to secure their funds if their fiat price will lost its value. I like what they did because they know that cryptocurrency is the best option for saving their money and they do it without hesitation.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

Although it is always happening  but we can't actually say it much because there are newbies still gathering to know more about crypto and want to make profit on it, but if this is what they planned then we should not let our guard down and prepare also for worst.

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January 09, 2020, 06:55:58 AM
 #20

so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
if that was the case the the bitcoin price rise wouldn't have been a couple of percentages, instead it should have been at least 200% rise.

Quote
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
actually we have been witnessing the bull run for at least a year now. for the past year price went up more than 330% and the final price at the end of the year was still 140% above the start of the year. that is called "bull market".

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3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
since bitcoin market is not that small and bitcoin is not some pump and dump shitcoin that whales could easily manipulate, i'd say this is not it.

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January 09, 2020, 07:04:51 AM
 #21

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.

Why do you recommend in selling Bitcoin?

Are you dumb! There is nothing to panic, it is a small pump and is common with Bitcoin afterall it is one of the most volatile crypto.

No matter what keep hodling you Bitcoin this year, Bitcoins halving is on the way and a small Bull run too. The price of Bitcoin is still below $10k. Till that time keep hodling.
What is wrong about recommending someone to sell their bitcoin? is it that bad?
Selling bitcoins for each profit you get is really helpful too I saw and I've been with many people who are trading like this, scalping and selling for even small profit and those small profits compounds and it gets bigger. I don't see anything bad at recommending to sell bitcoin for profit at all.

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January 09, 2020, 07:13:43 AM
 #22

I think it's purely because of US-IRAN escalations because there are many sanctions over Iran and crypto is the easiest way for them to do funding to their proxies as Iran has always used it's proxies to fight for them, but if it's true then bitcoin is being used as a tool for inflicting more violence. I don't think this is a manipulation from whales it might be a second bull run as well.

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January 09, 2020, 07:41:29 AM
 #23

I was also shocked by the increase in bitcoin to $ 8400, in my opinion which caused bitcoin to suddenly increase market manipulation
conducted by whales. Try to provoke FOMO and later the price will be dumped suddenly. Then from that we should not be lured into
buying bitcoin for now, it's better to monitor the market for a few days. Here our patience as investors will be tested, lest we don't make
a wrong decision. I suggest holding bitcoin first we have, and if anyone wants to buy bitcoin it should be postponed first.

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January 09, 2020, 07:57:33 AM
 #24


1. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.


This two are the most close why bitcoin price increasing now maybe this is because of the bitcoin halving effect or whales  now manipulating the price of bitcoin to trap some investors.  Because the price of bitcoin usually increase two or one month before halving ends. This is just only based on behavior of bitcoin on the past bitcoin halving
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January 09, 2020, 08:02:24 AM
 #25

I assume there are individuals who take advantage of the situation between Iran and the US. With the US attack on Iran yesterday giving rise to a lot of sentiment towards Iran's and the world economic markets, this also has an impact on the bitcoin market. Maybe the whales are making sentiments that can make a lot of people afraid of their assets and then move to bitcoin, well this is just a provocation from a group of whales.
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January 09, 2020, 10:14:13 AM
 #26

Whatever the cause of the rising bitcoin price is beneficial for those who own bitcoin.
All internal factors influence the occurrence of demand and supply in the market.
The most important thing is to sell bitcoin when you make a profit, because the opportunity does not come many times.

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January 09, 2020, 10:37:41 AM
 #27

Perhaps many investors feel that the war between the United States and Iran has led to an economic impact and they choose bitcoin as a good haven asset for their assets, this is my mind, there is a small part of it. can be priced by the big forces in the market.
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January 09, 2020, 10:53:49 AM
 #28

It is wise to monitor the market if there is excessive volatility. We are greedy. We always wait to sale at higher even though we are in good profit. But I think numerous positions will help greatly. And if you sale at profit, you will get chance to re-enter in price correction phase.
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January 09, 2020, 10:56:25 AM
 #29

There could be different reasons why the prices are increasing but as for me, no matter what the reasons are, it's good to see that the market is recovering. Different events have a huge impact on investors so it also affects their way of making decisions. It's still better to hold and have patience until the prices get even better.
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January 09, 2020, 11:05:52 AM
 #30

no one knows for sure the reason for the rise in bitcoin, ups and downs in prices is common in trading, I prefer to rely on technical analysis rather than news, maybe bitcoin will go down to swing the price, but on the daily chart bitcoin is still showing an upward trend, it's better to do your own research than to rely on other people's predictions.

Well, we don't know what might happen, all we know is that the price can go up and can go down. Other predictions can be a good thing since you can base your prediction with theirs.

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January 09, 2020, 11:10:51 AM
 #31

Its a great opportunity indeed. Whatever the reasons that make the price goes up its all about market movement. We are all expecting price  rise this year and maybe this is the time. Its our prerogative to sell our bitcoin or hold it. Most likely its a great time to sell to gain or profit for a little. Otherwise hold and wait for another period of price rise again.

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January 09, 2020, 11:16:32 AM
 #32

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
These all could be factors in the reason the price has risen but I'm hoping the price is rising because of natural causes and normal growth instead of unknown variables which cause inflation. The last overly inflated hike made its way up to around $20,000 then the bubble popped, deflating more the 75% of it's price. Even today the market price is still in recovery slowly correcting itself from that 2017 bubble. I hope the price continues to slowly rise at a steady incline for a more natural Bull run.

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January 09, 2020, 11:25:09 AM
 #33

The Middle East has been under a lot of stress in the last few days, so not only has the price of bitcoin increased, it has led to an increase in the price of gold and oil. However, starting yesterday, the situation seemed to be easing, Irac and the US seemed to be gradually finding a common voice, which led to the price of bitcoin and gold begin to decline.
We have had a good start to 2020, hoping that the market will have better development in 2020.


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January 09, 2020, 11:26:23 AM
 #34

It will be the better bitcoin from now on.

Steady state.
We have see that also at 12k-14k. It was really steady at that time.
Then slowly it went down.
Now back to a steady state. 6..5k- almost 8k.
This might not be a bull run. More like the demands are getting higher because of the event that is coming.
Thankfully, it ain't like 2017.
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January 09, 2020, 11:29:16 AM
 #35

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.
Yes hold your bitcoin and be patience bitcoin can goes up continuesly so be smarter and i know that we can get a good profit. Yeah there is no war so dont be afraid  right now don't sell your bitcoin hold it as you can and i know that you can be a millionaire if you hold a bitcoin and you have patience.
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January 09, 2020, 11:39:02 AM
 #36

The main reason is the Iran vs US conflict but it seems like bitcoin has cool down now, I don't know if it will really drop or it will just stay at this price for now, and then pump again, it's really unpredictable but hopefully this is not a bull run because we all have been waiting for this and without this there's no altcoins season also.

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January 09, 2020, 12:23:02 PM
 #37

in the movement yesterday maybe the strongest reason in my opinion is the impact of the US with Iran. due to a lot of pressure from the news and also favorable market conditions made the impact of the war to make pump movement, but I believe this only happens with a temporary time because the current conditions have started to come back down.
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January 09, 2020, 12:29:28 PM
 #38

I think the pumped on bitcoins price happened because the whales is manipulating it. Also, the other factor is that the tension between IRAN and USA. I think whales are trying to use that tension so that consumers would not think that they are manipulating it. They are using the tension so that consumers would not have any doubt on why the price is rising up.

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January 09, 2020, 01:20:55 PM
 #39

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
You forgot another reason why bitcoin is starting to increase these days. But before that, the price corrected and as a typical sign of the market this may occur until the weekend and we may see the retrieval motion by next week.

And the another reason that you probably forgot is the halving. As we know, this is one of the biggest event that happens for bitcoin and this will impact the miners reward which will surely affect the prices.

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January 09, 2020, 01:22:38 PM
 #40

I might see an increase happening because a pile of new people coming to bring their money to buy bitcoin, try to see the trading volume of all altcoin and bitcoin, what I learned from the analysis of people in this forum almost have the same opinion that the price of bitcoin is correct really going to continue the rally on a large scale, maybe because of the halving news factor which is where pushing many people into the market slowly slowly seems like that's happening right now, no one knows for sure why bitcoin rose since yesterday almost reached $ 8500

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January 09, 2020, 01:38:39 PM
 #41

Technicals were supporting the growth. Leaving 2018, there wasn't a time when Bitcoin just went down without recovery or went up without correction. It always happens. Market after testing the most important support, went up and now it is correcting. The old typical Bitcoin price movement. That was all technical based on volume and support and resistance. Pretty much every investor was waiting for the jump. Only the entry point would have varied.
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January 09, 2020, 03:03:46 PM
 #42

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

Well there is the USA / Iran war scare, this is more against markets than pro bitcoin, it means some investors flee to metals and crypto when they see any potential problem with the global economy. Nothing new.

Bull run? Well there may be one for the halving, but it is a bit early. The push wasn't too strong in the end, but if Iran continues shooting I'll go back up.

Whales have less power with the passage of time, as more coins exist and are in more hands as well. Sure they can still pressure, but they can't push too far from the market trend. They can still make money, but not as spectacularly as in the past.

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January 09, 2020, 03:18:53 PM
 #43

The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.

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January 09, 2020, 03:19:59 PM
 #44

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

Well there is the USA / Iran war scare, this is more against markets than pro bitcoin, it means some investors flee to metals and crypto when they see any potential problem with the global economy. Nothing new.

Bull run? Well there may be one for the halving, but it is a bit early. The push wasn't too strong in the end, but if Iran continues shooting I'll go back up.

Whales have less power with the passage of time, as more coins exist and are in more hands as well. Sure they can still pressure, but they can't push too far from the market trend. They can still make money, but not as spectacularly as in the past.
Iran seems to be scared of US power. so I think that in the future Iran will not take any action to retaliate against the United States. If Iran continues to fire, then war will inevitably occur and we will probably see bitcoin price go up to 50k or 100k because the fear of investors and they will look for stable assets to take refuge
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January 09, 2020, 03:22:37 PM
 #45

The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.

On the previous week, we already experience a lot of changes in the market before the year 2020 the price of the bitcoin falls and the same with the altcoin after a few days the cost of the bitcoin and the other coins increasing rapidly, and we are now experiencing a bull run. There are other factors why the price of those coins changes one is the problem of the US and Iran the price of the cryptocurrency changes a lot because of these. Next is the whales or the people who hold a lot of coins are releasing some of their bitcoins.  We are now experiencing a temporary increase in price in the market because the value of the coins is slowly decreasing and now we are hoping again for the second time of the bull run.

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January 09, 2020, 03:36:38 PM
 #46

The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.

On the previous week, we already experience a lot of changes in the market before the year 2020 the price of the bitcoin falls and the same with the altcoin after a few days the cost of the bitcoin and the other coins increasing rapidly, and we are now experiencing a bull run. There are other factors why the price of those coins changes one is the problem of the US and Iran the price of the cryptocurrency changes a lot because of these. Next is the whales or the people who hold a lot of coins are releasing some of their bitcoins.  We are now experiencing a temporary increase in price in the market because the value of the coins is slowly decreasing and now we are hoping again for the second time of the bull run.
We are all expecting for the next bull run and of course in the increase of bitcoins price. Because if the bitcoin's price will rise, the other coins will be affected and their price will rise also. In that point the whales can sell all of their stored coins for the longest time to pump the bitcoin's price. And then we are all can get a good amount of money here.
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January 09, 2020, 03:45:32 PM
 #47

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

So what is causing the price of bitcoin to drop now?  People easily draw conclusions to any little changes that depends in the market value of bitcoin.  Personally, I'm fed up with all these assumptions made by bitcoin and its market value.  Please we need enough evidence for these assumptions...  
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January 09, 2020, 03:49:18 PM
 #48

Does it matter why the Bitcoin price is going up? I don't think so, for me, it's important that Bitcoin price is going up and it should be, People were eagerly waiting for this moment because Bitcoin price is the main thing in this cryptocurrency world because of most cryptocurrency are dependent on the Bitcoin price so it may bring a good vibe on this system after a long time, not only that but also in this new year, many of us are very expecting that Bitcoin price will get high very soon. so It doesn't matter after all why the price of Bitcoin is getting high.

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January 09, 2020, 04:00:50 PM
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 #49

The more unstable the situation in the world, the less people trust Fiat money. People start investing money  in gold. But many already do not believe in gold. The alternative is Bitcoin. It offers a new and progressive technology. It is not surprising that in times of instability, people prefer to buy Bitcoin.
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January 09, 2020, 04:08:58 PM
 #50

Beside oil prices, I think it also has a lot to do with the upcoming halving. Well, many are saying that halving has not much influence and it won't make the same trends it did in the last two halvings but am sure halving will have some positive impact in price despite what others say.
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January 09, 2020, 04:10:43 PM
 #51

The more unstable the situation in the world, the less people trust Fiat money. People start investing money  in gold. But many already do not believe in gold. The alternative is Bitcoin. It offers a new and progressive technology. It is not surprising that in times of instability, people prefer to buy Bitcoin.
Despite of the risk of investing in Bitcoin they were facing people still choose Bitcoin as an investment asset. But we can't deny the fact that more people are still using fiat than crypto because fiat is less risky than in Bitcoin. Bitcoin is just there to be use as an alternative of fiat and also is an investment.

3996
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January 09, 2020, 04:32:53 PM
 #52

With this, I highly doubt bitcoin's market price could easily be manipulated or dumped by the whales. Yes they are the whales but even if they hodl allot of bitcoin, they still couldn't obtain most percentage of bit that is why these whales need to be coordinated first, their action should be in relation to one another for them to succeed in pumping and dumping the market price of bitcoin though, it is easily evident in the market on how fast bitcoin could go way up high and decline. But one thing for sure that makes it possible for the manipulation to happen, is when there are people getting manipulated. They support the dump or pump to still make profit.
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January 09, 2020, 04:43:10 PM
 #53

I agree with point 1 and 3 of OP. The main reason was Iran and USA tension and whales are taking advantage of this pump and giving this pump massive air. Whales will sell their coins which they have bought at lower price and many will buy these coins at higher prices and will struck after this bull run is over. That’s how whales keep on getting richer and richer.

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January 09, 2020, 04:49:19 PM
 #54

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,
As I mentioned in some topics here about bitcoin's pump, the market has linearity that makes assets rise when others are also rising. It's true when the oil's price hike, BTC price also surged.
2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.
Maybe or maybe not, bitcoin halving is near, so chances of 2020 bull run are getting high. We already witnessed the recent pump of BTC, it might be a sign for the bull run.
3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.
IMO, It's possible also, 1 and 2 are the closest possible reason for bitcoin's hike but 3 can be the main reason. Whales are always there, waiting for an opportunity, it's just a sleight of hand for the whales to manipulate the market if there's a chance.
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January 09, 2020, 05:17:23 PM
 #55

I don't think that the first reason is the true reason of btc rising. Politics is politics, war can't effect btc. But that's my opinion.
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January 09, 2020, 06:29:26 PM
 #56

The price of Bitcoin is rising because Halving is getting closer, I'm not sure this is related to the Iran and US wars. perhaps the momentum coincided so that this problem was linked. whatever it is no one knows the actual situation, if the whales play the market, well! that is indeed not a strange thing.
That's always happening though, as you said, I mean this high volatility of bitcoin's price is really familiar and currently I think this increase of the price was due to the Iran and US wars probably, It can be always because of the whales which they always manipulate the market as they wish.
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January 09, 2020, 06:33:50 PM
 #57

Why you want recommend this is sales time? Worng decision with your mind man because this is the perfect time to hold bitcoin even their have many chance to get up bitcoin price. You know lot of holders waiting almost more time for bitcoin price rising so no need to worry you will receive perfect time with profits.
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January 09, 2020, 06:43:15 PM
 #58

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
1.Agree with this. I think the war seems to influence a lot of people I don't think is just a coincidence that the bitcoin is increasing its market price the same time the war started.

2. I think this have the war is obviously dangerous but it is also affecting the market price of bitcoin. But I think bitcoin will have its way in pumping as the technology rises so I think war doesn't really the thing that will go to get bitcoin to the edge.

3. This is also the thing they might be a lot of manipulation in the market.

I don't think that the first reason is the true reason of btc rising. Politics is politics, war can't effect btc. But that's my opinion.
Honestly, this could be one of the reasons in my opinion but also a lot of things could affect the market at the same time.
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January 09, 2020, 07:31:34 PM
 #59

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
first reason more Suitable with condition now. few days ago news of Iran and US war, its make the bitcoin price go to up not only bitcoin but also gold increase price.. very Advantage for trader and investor unfortunately this condition can not hold for long time

second reason not match with market condition like this, because bull run still long time to happen

 
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January 09, 2020, 09:19:21 PM
 #60

I understand that people first care about the price of bitcoin, but it doesn't matter what causes the price to rise, one just needs to be happy about the price increase.
And leave the causes and reasons to someone who is investing with research.
Just enjoy the rise in the price of Bitcoin. Wink
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January 10, 2020, 01:54:11 AM
 #61

in my opinion the rise of bitcoin yesterday was influenced by news of the conflict between Iran and America. because we know when there is conflict and the economy is unstable, investors will choose to secure their assets. and in my opinion yesterday some investors chose to save their assets with bitcoin. so this makes bitcoin increase.

 
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January 10, 2020, 02:45:06 AM
 #62

Don’t hesitate to sell your bitcoin to save your profit, there are so many reasons to consider and I also think whales are using the world news to pump bitcoin and right now dump it harder again, easy profit for them. There’s no war yet but the price increases is very timely, always watch your holdings and don’t be afraid to sell if its needed.
What? sell your bitcoin to save profit? what a bad suggestion. AFAIK you'll lose more if you sell right now. There's FOMO going on, it's better to hold, even if the price goes down you haven't lose any of your coins unlike if you sell right now and the price goes up, that's obviously a lose. Selling in bearish market is the worst thing you will do or suggest not unless you are just taking advantage in swing. Especially there is conflict going on with Iran and US, like others claimed, it's the reason for this increase and also halving is getting near. If you want to to be left by rocket, then go don't hesitate to sell your bitcoin.
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January 10, 2020, 03:24:14 AM
 #63

I think that the price increase that occurred was due to the influence of the bull run, but in fact, the price increase was indeed due to the heated relationship between the US and Iran.
Yeah, but as you mean, whatever influence makes the price go up, we need to put it to good use. however, the halving effect is not yet visible, so there is still a possibility that prices will rise in the future.
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January 10, 2020, 06:42:12 AM
 #64

I think that the price increase that occurred was due to the influence of the bull run, but in fact, the price increase was indeed due to the heated relationship between the US and Iran.
People perceive that it is the reason but as what we are seeing now, bitcoin is not rising anymore, it rise up to $8400 and now back to $7800 and it could possibly dump further because that war between the US and Iran is just one fact that hype the market a bit but the bulls is a trap.


Yeah, but as you mean, whatever influence makes the price go up, we need to put it to good use. however, the halving effect is not yet visible, so there is still a possibility that prices will rise in the future.
Halving is 3 months from now, the effect will likely be felt a month before, so we are still in good track.

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January 10, 2020, 07:11:00 AM
 #65

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
Current situation Iran and United State maybe one way why make bitcoin wake up to higher price but always need war for getting back with higher price or not? I think now is time for bitcoin back to higher price without need situation war between Iran and United State again but bitcoin raise by good planning for the future become legal payment in many countries.

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January 10, 2020, 12:28:15 PM
 #66

I think whales is upto something why bitcoin is going up.  The wanted Bitcoin price to increase so they can dump it at higher price to push the Bitcoin price down and accumulate again at the bottom before the halving event.  Probably they will do this several times before that major event take place.
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January 10, 2020, 12:55:13 PM
 #67

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.
Seriously I don’t get why people keep mentioning the situation of US and Iran as what would make the price of Bitcoin to go up, this is war that we are talking about and I don’t know some greedy stupid people are seeing it as an opportunity for Bitcoin to increase, it’s really stupid because war is not good thing and is not a time to be saying such rubbish.

So, let us count this situation and focus on other things, Bitcoin has no connection with whatsoever that’s happening and it’s not going to have any effect on the price.

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January 10, 2020, 01:14:16 PM
 #68

Everything had proven that the Iran-US fraca is not responsible for the price pump, the affiliation is just the usual newspaper response to the public, just to give a news. Interestingly, most of their premises are not reasonable and irrelevant. And should always know that such a pump will recall its reversal. The smart ones are not taking any profit as usual but lets keep holding. Some says 10 bitcoin minimum for pro-BTC but some of us into altcoins got to stay a while.

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January 10, 2020, 04:16:04 PM
 #69

I have 3 things in my mind about this rising price again

1. The current situation between Iran and US, with the price of oil rising, everything goes up, so as crypto as it can be use for funding by the government and other people may also be preparing for the worse,

2. We may be witnessing the second bull run, it is what we are waiting for right, just dont be get too excited ofcourse.

3. Whales might be doing something , or maybe they are trying to rally the price and then dump it, like always.

But no matter what is the cause you should be very careful on what we are going to do next , always keep in mind what happen before but, if you feel this is the time don't hesitate we might be witnessing something more better this time.

Well, yes, we have to be aware most of the time not just only in the chart related analysis stuff but also the outside factors that at least need to be considered why is it happening. Conclusion at one particular reason might bring you less satisfaction, however, too much is confusion but at least you may get arrived to a decision with supporting evidences.

Well, as for the possibilities of price pump. I couldn't agree more with an on-going battle between two countries as it is plays the major role, and the biggest news. And it does affect lots of branches such as economics, as well as crypto currency in a sense of uncertainties there and people tend to rely on crypto possible get-to-go fortune.

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January 10, 2020, 04:45:36 PM
 #70

Whales might br making some money out of preparation for the halving. Not sure though.
It could just be another pump which is normal with the bitcoin market.

We can predict anything but there is no actual proof.
All we could think about for now is a higher percentage that it did happen because of the halving.
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January 10, 2020, 05:56:15 PM
 #71

Got positive news from many investor keep holding and make bitcoin become legal currency payment in many countries why bitcoin is growing up, but we must thanks full with bitcoin back to higher price could give way for us get back profit with bitcoin investing, some time bitcoin can be lower price without prediction before because its the way in bitcoin price higher and lower.

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January 15, 2020, 06:04:37 PM
 #72

With this, I highly doubt bitcoin's market price could easily be manipulated or dumped by the whales. Yes they are the whales but even if they hodl allot of bitcoin, they still couldn't obtain most percentage of bit that is why these whales need to be coordinated first, their action should be in relation to one another for them to succeed in pumping and dumping the market price of bitcoin though, it is easily evident in the market on how fast bitcoin could go way up high and decline. But one thing for sure that makes it possible for the manipulation to happen, is when there are people getting manipulated. They support the dump or pump to still make profit.
In my opinion, large whales are considered owners of large volumes of bitcoin, which can be not only one person, but also a certain group of cryptocurrency users, as well as a utility.  Based on this, all their actions are coordinated among themselves, and they also manage to manipulate the cryptocurrency market due to the large volumes of Bitcoin.  To date, I see the only right solution to improve the situation on the cryptocurrency market is to create a deficit of Bitcoin in the market, which will increase the price of a coin.  But I believe that this is not very profitable for big whales today, because in the current situation they want to get as much Bitcoin as possible from ordinary users.
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