Still confused why bitcoin is so bullish?

[ethereumhunter]

You don't need to confuse to see why bitcoin is bullish, but you can enjoy the ride and try to make a profit while bitcoin price is up and down. There are many possibilities for the bitcoin price in the bullish trend, but we don't know why that can happen to bitcoin. If you just think about that without trying to buy low and sell high, you will miss the opportunity to profit. Maybe what Paypal did really give bitcoin a chance to start rising again after it is down for a while.

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[ChiBitCTy]

I'm not surprised with bitcoin movement this year so far, let me start my point from the pandemic

1. The pandemic period clears the fact that Bitcoin is stronger, while stock market received huge punch on the face bitcoin still stand strong and prove its the best place for stock investors

2. Bitcoin halving took place this year too and it's movement as been identical to that of 2017, I guess every four years this have something for crypto, that's just a guess though

3. Paypal announcement isn't small either, many still have doubts about crypto and some are waiting for big companies like PayPal itself to take a lead first and now it's working, so tell me how the hell we won't see huge difference in crypto market trend?

1) Bitcoin and the stock market have very little to do with each other.  So this really isn't a reason bitcoin is doing well.  In fact, the stock market is doing quite well, and often bitcoin follows how well ( or poorly ) the stock market does...if it goes up, bitcoin goes up, if it goes down, bitcoin goes down..so this shows if anything there is a direct correlation and not indirect.  BITCOIN IS NOT AN INVESTMENT REPLACEMENT FOR THE STOCK MARKET!!!

3) Agreed, PayPal was a massive part of this bull run. It's in fact the largest part. 

[livingfree]

I'm not surprised with bitcoin movement this year so far, let me start my point from the pandemic

1. The pandemic period clears the fact that Bitcoin is stronger, while stock market received huge punch on the face bitcoin still stand strong and prove its the best place for stock investors

2. Bitcoin halving took place this year too and it's movement as been identical to that of 2017, I guess every four years this have something for crypto, that's just a guess though

3. Paypal announcement isn't small either, many still have doubts about crypto and some are waiting for big companies like PayPal itself to take a lead first and now it's working, so tell me how the hell we won't see huge difference in crypto market trend?

1. Not a stock investor but both can be said in good terms but you're right, bitcoin is stronger.

2. It is actually for the next year after the halving. The expectation for the pump to come is for 2021 but it does happened early than today if we will compare to 2017.

3. We'll see, you've already told that it's a big company which is easy to be noticed by every small investor and institutional investors.

[shoreno]

Bitcoin starts to show a good movement at the last quarter of this year but it started not really good on the quarter 1 and onwards  . Pandemic and halving tooks place before the q4 but paypal was just recently announced so I see this as the main reason for the btc bull . it's not confusing actually and I'm sure many people aren't confuse with it either but it automatically records to us that it was paypal that made it all after thier revelation price isn't confusing too because all we see is stability and continuous growth .

[tyz]

You named a few reasons but in my opinion, the main reason is the fiat money printing. If you look around the world, countries' debts are rising at an unprecedented rate. In the past, this only existed in times of war and then sooner or later there was always high inflation or even a currency reform. Many want to protect and keep their fortune. Gold is a possibility but difficult to handle in large quantities, which is why Bitcoin has become an alternative for many, also because it is increasingly supported, e.g. from Paypal.

[Twentyonepaylots]

I honestly think there isn't a thing to be confuse with, the only bitcoin is running bullish is because are buying it. Obviously things are getting on fire right now because of talks being piled up in different countries, but there isn't that much lol even the election in the US, so what if they elect new president?  bitcoin is getting strong I guess, new price resistance will be seen more likely to be at $10000 hopefully 

[Vispilio]

You wanna know the real reason?

0 - printers doing brrrr to buy treasury bonds
1- this makes negative real yields on bonds (this push money down)
As of 2017, the size of the worldwide bond market (total debt outstanding) is estimated at $100.13 trillion, 100 trillion is looking for alternative
2- interest on term deposits in banks are close to zero (this push money down)
3- corporate bonds risk of not being paid is bigger than expected ROI (this push money down)
4- inflation and fear of inflation getting bigger and bigger forces people to look for assets that will protect their funds from inflation by accepting even greater and greater risk (because safe assets guarantee a real loss (expected profit - inflation))
5- this push money to real estate makes them super expensive (3-4 % real profit from renting is still not enough to cover inflation)
6- this push money deeper and deeper (stocks and dividend profits) but they are cosmically overvalued and dividends are very small
As of December 31, 2019, the total market capitalization of all stocks worldwide was approximately US$70.75 trillion. so 70 trillion is looking for alternative
7- this push money deeper into very high risk assets (bitcoin) - the profit opportunity is usually better than the loss guarantee - and bitcoin is worth only 300 bil $ so even a small fraction moved from above assets will cause huge pump here.

This pump is not caused by Paypal or halving. Who TF takes care about paypal? We have 100000000 ways to buy crypto. Paypal is only another one. Pump is caused by panicked investors searching for good place to hide from inflation.

“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
https://cointelegraph.com/news/us-printed-more-money-in-one-month-than-in-two-centuries

"In response to the coronavirus, the Federal Reserve has printed approximately $3 trillion. The total assets of the Federal Reserve as of the end of February 2020 was $4.16 trillion. By the end of July, total assets was $6.95 trillion."
https://medium.com/discourse/do-you-realize-the-massive-amount-of-money-printing-happening-due-to-the-coronavirus-pandemic-1f4347cc0404

Excellent analysis, quoting this to merit later. On top of the reasons above, I can add that PoW is still the most robust mechanism of proof for blockchains,

and in it Bitcoin is the value proposition king with its limited supply and anti-fragile proven blockchain record. Once a crypto successfully integrates a max supply cap system to DPoS or any viable variation of PoS, and passes all the usual stress tests, the competition among top crypto currencies will intensify...

[Johnyz]

I'm not surprised with bitcoin movement this year so far, let me start my point from the pandemic

1. The pandemic period clears the fact that Bitcoin is stronger, while stock market received huge punch on the face bitcoin still stand strong and prove its the best place for stock investors

2. Bitcoin halving took place this year too and it's movement as been identical to that of 2017, I guess every four years this have something for crypto, that's just a guess though

3. Paypal announcement isn't small either, many still have doubts about crypto and some are waiting for big companies like PayPal itself to take a lead first and now it's working, so tell me how the hell we won't see huge difference in crypto market trend?

The news about bitcoin is very important and of course the situation of every country affects cryptomarket as well. Many country print a lot of money this year to fight the pandemic and that makes fiat money undervalued which I think affects the mindset of the investors since the government can print a lot of money anytime they want while Bitcoin remains on its current supply circulation. There are so many to mention why Bitcoin is bullish again, better to focus on its price movement and buy some bitcoin as much as possible.

[Silberman]

I'm not surprised with bitcoin movement this year so far, let me start my point from the pandemic

1. The pandemic period clears the fact that Bitcoin is stronger, while stock market received huge punch on the face bitcoin still stand strong and prove its the best place for stock investors

2. Bitcoin halving took place this year too and it's movement as been identical to that of 2017, I guess every four years this have something for crypto, that's just a guess though

3. Paypal announcement isn't small either, many still have doubts about crypto and some are waiting for big companies like PayPal itself to take a lead first and now it's working, so tell me how the hell we won't see huge difference in crypto market trend?

For the most part when you see a significant movement in the markets the real reasons for it began way before it, for example I am pretty sure that many companies and billionaires have been buying bitcoin in secret for years preparing themselves for the day it will skyrocket to obtain some profits or just to hold it as a way to diversify their portfolios.

But the pandemic has accelerated the process at an alarming pace, inflation is very high and even if the stock market is giving the impression it has recovered completely the truth is that this recovery came from printing money alone and it is impossible that things are going to continue in this direction when so many people have lost their jobs and many countries are now going through a second lockdown, so it is likely many are expecting another crash in the stock market and they are trying to find something to protect their wealth and they are finding in bitcoin the tool to do so.

[Oasisman]

This pump is not caused by Paypal or halving. Who TF takes care about paypal? We have 100000000 ways to buy crypto. Paypal is only another one. Pump is caused by panicked investors searching for good place to hide from inflation.

Though you have a very good point enumerated just above this quoted message of yours, but in contrary to this, the halving also had a big contribution in this bullrun.
Remember how Btc tends to pump and reach new heights just after a few months of Bitcoin halving. There was no excessive printing of money that time, thus people aren't looking for a place to hide due to the danger of inflation.
But then again, we are in a different situation than the last two halving and what you have pointed out as some reasons for the pump is combined by the halving hype.

[CarnagexD]

I would say that the halving indeed caused the coin to increase in value this year compared to the prior years. Add to the fact that bitcoin and cryptochrrencies in general are seeing huge investments from the public now that a couple jobs are gone, it wouldn't be too surprising that bitcoin will pump. I can say that this year has been very good for bitcoin and the coming years will decide if it's gonna stay up or will subside.

[AndySt]

This pump is not caused by Paypal or halving. Who TF takes care about paypal? We have 100000000 ways to buy crypto. Paypal is only another one. Pump is caused by panicked investors searching for good place to hide from inflation.

Though you have a very good point enumerated just above this quoted message of yours, but in contrary to this, the halving also had a big contribution in this bullrun.
Remember how Btc tends to pump and reach new heights just after a few months of Bitcoin halving. There was no excessive printing of money that time, thus people aren't looking for a place to hide due to the danger of inflation.
But then again, we are in a different situation than the last two halving and what you have pointed out as some reasons for the pump is combined by the halving hype.

All this excitement is mostly caused by the ongoing pandemic, which forced the Central banks of various countries to print even more unsecured money to help economic entities, because what kind of money security can we talk about when the state's economy is shrinking due to quarantine, and the money supply on the contrary continues to increase. Such a mass of money is looking for a way out, and it turns out that bitcoin is also perfectly suitable for this. And the halving that occurred and PayPal add their own contribution to the hype process.

[Shasha80]

Everyone has a different opinion why Bitcoin can be bullish, I think Bitcoin bullish is caused by the effect of the Bitcoin halving and Paypal
which decided to accept cryptocurrency. These two things can make Bitcoin bullish, regardless of whether what I say is true or not, most
importantly we are all happy that finally the price of Bitcoin is getting closer to the all time high price. So don't be confused and think too
much about why Bitcoin is so bullish, please just enjoy the current increase in the price of Bitcoin by trading short-term to generate profit.

[romero121]

Whenever the market turns bullish or bearish it is good to make it an opportunity and try to benefit out of it. In whatever the angle you analyse you won't get the precise reason for the market to be bullish. Everything can be related, but one cannot state bitcoin has grown for this reason. This is why it is always mentioned bitcoin isn't an alternate to stocks. Both were entirely different by its function.

The market fluctuations with bitcoin will never happen with stocks. Maybe in some rare occasion this could've happened. This year more good news have come attributing to bitcoin and cryptocurrencies which seems to be the reason for the ongoing bull trend.

[FinneysTrueVision]

The PayPal thing is the most obvious one since it has brought so much mainstream attention. I think the biggest cause for the price increase has to do with institutional investors buying up more Bitcoin than is being mined. People are starting to realize how scarce it is and don't want to miss out. We've also seen altcoins' shortcomings with recent ETH hacks and chain split caused by reckless developers.

[bittick]

Paypal is not really a reason to be bullish I mean most of the people who uses crypto already switching from paypal anyway except some people that are forced to use paypal and they are just corporation and no government so there's really nothing to fuss about. Also, the price of btc is already so damn high that some people consider it insanity. imagine if it doubles because of bullrun people would choose to cash it out instead and then gets bearish again.
Maybe just wait for bitcoin adoption increases then we'll see the real bullrun.

[samcrypto]

I would say that the halving indeed caused the coin to increase in value this year compared to the prior years. Add to the fact that bitcoin and cryptochrrencies in general are seeing huge investments from the public now that a couple jobs are gone, it wouldn't be too surprising that bitcoin will pump. I can say that this year has been very good for bitcoin and the coming years will decide if it's gonna stay up or will subside.

I'm also thinking that this is the positive result of halving and we are slowly feeling it plus the adoption of Paypal that confirms the uptrend with Bitcoin. I'm not that confused with the current bullish market because I'm expecting this and I'm ready for this one. I'm not taking profit yet with Bitcoin, that's too early and the volume going up is getting stronger, the bullish market has been confirmed. 

[Pakar11220]

Dear no need to confused about bitcoin bullish.
As its price of bitcoin is depend on its market. If world start interesting in bitcoin and increased its business in bitcoin then demand of bitcoin will increased and automatically bitcoin price will increased as fast as its demand increased and same in the case of decreasing demand. So you need to just enjoy getting profit while playing in crypto currency market. Keep in mind coming world is turning toward crypto currency. So keep your interest here and hope for the best.

[maxreish]

Many reasons why bitcoin price rally and very bullish. Defi of course is one of the reason. If you notice, after the paypal announcement the price of btc suddenly rises and it is steady at this price preparing for another bull run. Those you have stated here were possibly the reasons why btc is still bullish but to point out some which I've read in here that Increased Institutional Participation is one of the reason, too why it is bullish.

[imstillthebest]

I'm not surprised with bitcoin movement this year so far, let me start my point from the pandemic

1. The pandemic period clears the fact that Bitcoin is stronger, while stock market received huge punch on the face bitcoin still stand strong and prove its the best place for stock investors

2. Bitcoin halving took place this year too and it's movement as been identical to that of 2017, I guess every four years this have something for crypto, that's just a guess though

3. Paypal announcement isn't small either, many still have doubts about crypto and some are waiting for big companies like PayPal itself to take a lead first and now it's working, so tell me how the hell we won't see huge difference in crypto market trend?

1) Bitcoin and the stock market have very little to do with each other.  So this really isn't a reason bitcoin is doing well.  In fact, the stock market is doing quite well, and often bitcoin follows how well ( or poorly ) the stock market does...if it goes up, bitcoin goes up, if it goes down, bitcoin goes down..so this shows if anything there is a direct correlation and not indirect.  BITCOIN IS NOT AN INVESTMENT REPLACEMENT FOR THE STOCK MARKET!!!

3) Agreed, PayPal was a massive part of this bull run. It's in fact the largest part. 

You aren't getting it, OP is talking about how strong bitcoin was in the pandemic period, stock market suffers a lot more than bitcoin, at that time many witnessed how stronger crypto market is compared to stock market, I suggest reading again

i read both his and op replies and found out that you are right . his reply is a little bit far . he says that btc and stock market have little relation but he said  btc follows the movement of stocks .

that means btc and stock do really have a relation but what i notice is that stocks are down and btc arent  but i can say that btc has a major simillarity to stock because it was also an investment asset .

btc is a nice alternative stock and many people could be doing that during the downfall of the stock market .