The Rise of Bitcoin

[Inkdatar]

Growing individuals here in Crypto world are probably happy with the Rise of Bitcoin's price. For me, this must be something that I've  always wanted because I am only relying with the profits that I may be getting in Bitcoin industry since this pandemic started to spread around the world.
I am hoping that the price will rise more higher so everyone here would be blessed despite this crisis.

The price that we are seeing right now is really surprising and those who take profit is enjoying this scenario. This is all we wanted the rise of bitcoin, the point here is we don't know yet if the price could surge just like the all time high happen. Let’s not expect too much since we all know the price is very volatile but I'm also waiting to see the rise further in bitcoin.

[FlightyPouch]

People are getting in with the hype since people wanted the profit. Bitcoin is known for its volatility that it might give you a profit in just minutes of investment, with that they wanted to wait for it and sell for them to have a profit. There are a lot of people that can prove bitcoin gives them a lot of profit, people are getting in because they don't want to be left out.

[bandungan]

the 2018 trend may be approaching this year, but I think it is difficult, currently the 2018 trend has not been maximized. so we just wait for the right moment for bitcoin to be in that position, so we can get a surprise price from bitcoin.

[NelfiNovita]

I have also seen the price of bitcoin in recent months has increased in price. For the foreseeable future, we cannot draw conclusions about the price of bitcoin which will reach its highest price peak in 2017.
at this point i can only invest and hold bitcoin up to $ 15k, if it hasn't reached $ 15k i will continue to hold it.

[christhemaner]

This time I see growth potential up to 14k.

[BChydro]

I have also seen the price of bitcoin in recent months has increased in price. For the foreseeable future, we cannot draw conclusions about the price of bitcoin which will reach its highest price peak in 2017.
at this point i can only invest and hold bitcoin up to $ 15k, if it hasn't reached $ 15k i will continue to hold it.

The market has recovered a lot from the bottom we had after the last rally and there are huge investment coming into the market and it is not only in bitcoin but the top coins are attracting investors and so is the reason the entire market was rallying especially ETH even though the transaction charges are double than bitcoin. It is good to have the patience and wait for a year and the market could touch the all time high valuation during that time.

[ichi]

Genuinely the ascent of bitcoin has begun. I am overpowered by observing the bitcoin cost increment from $9k to $11k today.

Wasn't expecting the bull season to begin so before long like this because of the worldwide pandemic. Presently bitcoin has substantiated herself that the crypto market is erratic. No one understands what's on the horizon for us all in cryptographic money for the most part.

The current year's bull run will be more bullish than the 2017 bull season

[Smartprofit]

We can see the new surge of bitcoin in crypto market . It exceed $10K  again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?

Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
       I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.

We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.

[Warkop]

If you have a history of Bitcoin in the last 2 or 3 years, you will know how Bitcoin will return to the way it was in 2017, so for now Bitcoin is a great time to go up, therefore many big whales are competing to buy Bitcoin, because they know a big bubble will occur in 2021 and it will definitely be seen. So for that let's see how Bitcoin will head to the moon.

[secretgirl]

I agree with most of the opinions of bitcoin holders. that the current price movement of bitcoin is like last year 2017. after the bitcoin halving day bitcoin will and reach new highs. I am very optimistic that in 2021 the price of bitcoin will reach more than $ 20k.

[imstillthebest]

.. .

We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.

Those infos you have gathered are new . Your the first to list them here in this forum . The numbers 1 and 3 are both a positive news because they shows that these country use btc but the number 2 is a bad news because of that word confiscated . Why they do that when okex was a legal crypto exchange or did the exchange did something for thier coins to be confiscated ? Your conclusion shouldn't be fully positive because of that okex issue  but That was only confiscated and there is still a chance that they can return it if issues were sorted out .

[Alert31]

.. .

We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.

Those infos you have gathered are new . Your the first to list them here in this forum . The numbers 1 and 3 are both a positive news because they shows that these country use btc but the number 2 is a bad news because of that word confiscated . Why they do that when okex was a legal crypto exchange or did the exchange did something for thier coins to be confiscated ? Your conclusion shouldn't be fully positive because of that okex issue  but That was only confiscated and there is still a chance that they can return it if issues were sorted out .

OkeX still operating and functioning well while fixing this problem and I believe that it will be settled soon. Only withdrawal is temporarily suspended while they are sorting out the issue. Bitcoin continues to make a big name in the crypto industry which also makes it's value surge high. It's really good to become a bitcoin holder now and wait for the another sky rocket of bitcoin.

[blckhawk]

We can see the new surge of bitcoin in crypto market . It exceed $10K  again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?

Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
       I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.

Well, currently Bitcoin is now hovering around $15k USD even touches the $16k USD mark so I don't think it will be the same as what happened 2 years ago but rather I think we are getting the track as what we have way back in 2017. If this continues until the last month then there's a probability that we will witness the new ATH before the end of this year or in the first quarter of 2021.
I cannot think of any reason why Bitcoin is increasing but I have I think it should be because PayPal now accepts the purchase, sell and even hold of cryptocurrencies. Besides, a lot of big companies are now venturing with this technology.

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[mangsitin]

and now bitcoin is real, it will slowly peak like it was in late 2017, when it hit $ 20K.  not in 2018. the value and bullish bitcoin now, will answer every negative perception about bitcoin.  bitcoin is not a ponzi scheme, not a seasonal bubble, etc.  but bitcoin is a crypto asset that has value and is very profitable because of its volatility.  we will see bitcoin trending later in the year to $ 20K.

[ekeh]

Bitcoin is a movement assets in a network way of payment, which is decentralized currency that is go to peer2peer in the cryptocurrency platform. Which many saved it as an asset, having said that, the current price of bitcoin can't be compere with last two months ago. Therefore bitcoin raise from time to time.

[Wulan_maniez]

Even now the price of bitcoin is no longer at $ 10K, now bitcoin has run away and is at $ 16,341 which is close to $ 17K.
It’s true, as you said, many are already earning now, especially if they hold bitcoins from the price of $ 10K.
Imagine how many times their profit would be if they hadn’t sold it at the moment. But there are also those who have already sold
bitcoin at the price of $11K, they are crying out for the current price because they regret having rushed to sell its assets.

[Marma Kalari]

and now bitcoin is real, it will slowly peak like it was in late 2017, when it hit $ 20K.  not in 2018. the value and bullish bitcoin now, will answer every negative perception about bitcoin.  bitcoin is not a ponzi scheme, not a seasonal bubble, etc.  but bitcoin is a crypto asset that has value and is very profitable because of its volatility.  we will see bitcoin trending later in the year to $ 20K.

The people who claim that bitcoin is a ponzi does not even understand the basic structure of ponzi schemes and i pity if anyone claims that and there were times i used to tell them to explain what they understand about finance and the different schemes and only by that way you could shut them down but if times goes on and more people have these stupid ideas without even understanding what bitcoin is, it is better to ignore them.
The price is not an indicator whether bitcoin is a ponzi, but the fundamentals of bitcoin.

[Mr.sprin]

bitcoin has long gone up from 2017 bitcoin was at its peak then and in 2018, the price of bitcoin 2019 fell drastically in 2020 I saw bitcoin starting to go up again and many predictions of bitcoin will go up again in price, just focus on developing bitcoin.

[freedomgo]

bitcoin has long gone up from 2017 bitcoin was at its peak then and in 2018, the price of bitcoin 2019 fell drastically in 2020 I saw bitcoin starting to go up again and many predictions of bitcoin will go up again in price, just focus on developing bitcoin.

Price already going up, but people are more happy if they'll see a new ATH this year, that means a good year for bitcoin and we will have a good start in 2021. Just like in 2017, the ATH was hit in December, so probably we will witness the same, bitcoin will have some short correction, then it will bounce back to reach a new ATH, a correction is just to let the weak hands sold their holding, then it will rise to the moon.