Still confused why bitcoin is so bullish?

[chikading2016]

I am not confused  about  the bitcoin bullish trend today, because i always expected a change on its price, i am happy that after all after a big wait i see bitcoin again in a high value status same on year 2017 i think this is not because of the pandemic, what aver reason behind i am happy for it.

[batang_bitcoin]

I am not confused  about  the bitcoin bullish trend today, because i always expected a change on its price, i am happy that after all after a big wait i see bitcoin again in a high value status same on year 2017 i think this is not because of the pandemic, what aver reason behind i am happy for it.

Somehow the pandemic has something to do with the bullish trend. Remember what the US did for their citizens? they've printed brrrrrrrrrrrrr money to distribute it to their people as an aid.
Without that, I think bitcoin will still be able to reach the high price that it has today but it won't be that early as this year. Bears on the 1st quarter of the year and then there's a transition for the next quarters. We still have one month left to look at.

[vaultman]

In my opinion, at such an unusual time for the entire population of the world, any campaign or asset that is connected with the Internet and is on its network will grow in value due to the growth in demand for them. People began to spend more time on the Internet and less often to leave their homes, respectively, and began to use less offline services, currencies, etc. In general, the future is towards this, towards an increase in services provided thanks to the Internet, thus bitcoin will only grow in value.

[Vishnu.Reang]

Why should anyone get confused? Unlike the last time (2017), this time the reasons for the rally in exchange rates is known to all. On top of that, several top financial advisors have come up with their own predictions, claiming that Bitcoin would be priced in the $300,000-$400,000 range by the end of next year. So don't get confused.. because the bull run has just started.

[Ayiranorea]

I am not confused  about  the bitcoin bullish trend today, because i always expected a change on its price, i am happy that after all after a big wait i see bitcoin again in a high value status same on year 2017 i think this is not because of the pandemic, what aver reason behind i am happy for it.

Pandemic put a hold on for a while in bitcoin's bullish trend but now the prices started to fall from yesterday and it was really a hard dump not sure is that really a correction or some kind of Whale action involved to keep the prices under the ATH of 2017.

Pandemic caused big blow over the stocks and other investments, but as an exception bitcoin and other cryptocurrencies grew without much of negative effects. The bullish trend of the market continued without much of disturbance and went high close to the previous ath to make history. This is being stopped in someone's view and some state it an issue whale action restricting the market within the previous ath. To find the exact answer we need to hold it for few days time.

[marcous]

During a pandemic, of course the economy in the real world will be more pronounced.  Because the economic scope such as the trade industry and other industries, there are those that regulate or manage it in their respective countries.  if the expert in managing the economy might not have a big impact.  Another thing is that a country whose way of regulating its economy is not right, of course, will collapse, in contrast to Bitcoin or cryptocurrency where Bitcoin is a global one that cannot be controlled by either party.  except maybe FUD. But at least we need to be grateful, because through bitcoin trading we can still survive and can help each other.

[sarmrakib]

The reason why bitcoin keeps surging right now is because it has become more clearer that Bitcoin can be trusted, the pandemic period makes this happened and I guess that's why Paypal had a change of heart too cos they have ridiculed bitcoin in the past, I doubt Bitcoin will go down from now on

Its really true that the news of Paypal has changed the momentum to uptrend but it look like so stable now. I think the recent downfall will not last the price around 17k$ .Hope it will continue the trend and go more up to reach the new ATH level .I hope we can see new ATH level within this year .

[Mauser]

During a pandemic, of course the economy in the real world will be more pronounced.  Because the economic scope such as the trade industry and other industries, there are those that regulate or manage it in their respective countries.  if the expert in managing the economy might not have a big impact.  Another thing is that a country whose way of regulating its economy is not right, of course, will collapse, in contrast to Bitcoin or cryptocurrency where Bitcoin is a global one that cannot be controlled by either party.  except maybe FUD. But at least we need to be grateful, because through bitcoin trading we can still survive and can help each other.

The bitcoin price became a bit more volatile in the last week, which made me a bit more cautious. The long term trend is still upwards in my opinion but the chances of a short term correction is definitely there. To protect myself from too much volatility I stopped with trading bitcoins for a while now. I am afraid to sell in an rising market or buy into a selling market. It's best to just hold the coins for now and sit out the ride. Also the trading fees became a bit more expensive in the last month.

[pankowri]

There will always get a push when it get institutional support. In here, many institutions and institutional investors already involved few days back and invested on Bitcoin. Afterwards the price got increased. The bullish run was lengthy and strong enough to get profit and they were successful to get this. So, no need to get confused why it happened.

[tbterryboy]

I am not confused  about  the bitcoin bullish trend today, because i always expected a change on its price, i am happy that after all after a big wait i see bitcoin again in a high value status same on year 2017 i think this is not because of the pandemic, what aver reason behind i am happy for it.

Pandemic put a hold on for a while in bitcoin's bullish trend but now the prices started to fall from yesterday and it was really a hard dump not sure is that really a correction or some kind of Whale action involved to keep the prices under the ATH of 2017.

Maybe people do not want Bitcoins to touch ATH because some heavy dumps might happen once the ATH is crossed. I love the speculations and the reasons given around and I find it funny how quickly people start panicking just after a slight drop in price. I don't check the price daily because it creates tension and I recommend any investors who really want to avoid panicking to drop the habit of checking the price daily.

The bull and bear runs will continue as long as bitcoin exists and if you are someone who gets worried by drops and hikes then the best way is to avoid checking the price and avoid reading local articles which only talk positive and negative based on market movement but never actually gives the true reason or facts behind the drop/rise.

[fullhdpixel]

Why should anyone get confused? Unlike the last time (2017), this time the reasons for the rally in exchange rates is known to all. On top of that, several top financial advisors have come up with their own predictions, claiming that Bitcoin would be priced in the $300,000-$400,000 range by the end of next year. So don't get confused.. because the bull run has just started.

Oh! $300k might be a exaggeration quite frankly but for sure we can talk about 30k by the end of next year and really I would like solidity on the price more than touching and dropping after reaching higher prices. If you ask me and it was possible, I would vote for having 20k solid than reaching 25k but the market might drop to 15k anytime after that.

Someone who saves Bitcoin and use them as a payment method wants the price to be more stable while the traders want the fluctuation in the price going such that they can earn keep earning money by margin trading and doing day trading.

Investors for long term don't care about either movement because they have invested in the value and worth of the bitcoin more than the price of the bitcoin.

[tyz]

Why should anyone get confused?

Perhaps because he is consuming mainstream media regularly which have told him all the time that Bitcoin is a scam that will be worthless anytime soon. Now he notices that Bitcoin is not dropping to 0 but is heading to 20k again. Of course, he must be confused.

[STT]

Supply and demand, its a reasonable question as its not perfectly clear what does drive BTC.    I wish I had more confidence 10 years ago but 15 years ago I was saying we need an online currency in fact alot of people were for many years during the first tech boom; yet when crypto came along it was so incredibly slow to start and here we are still questioning why.
    Think of demand as a weighing scales, we price in dollars so thats the weight on the other side.    As dollars are diluted in worth while GDP idles, it makes for a weaker or lighter weight to dollar vs BTC which is fairly regular or known quantity.   Hence we shift on the scales and the price goes up; the big missing point is BTC has regular trade and people didnt expect that I guess so its got natural demand and growth.

end of next year.

Theres some epic estimates that extrapolate previous growth, hard to say no when we saw BTC go from $100 and lower to now gaining thousands in under a month.   Main point I would note is the grand cycles usually take years, so it wont just be 2021 to arrive probably we take till 2023 or similar.   People will lose patience and we'll go back and forth before any really surprising price occurs, I still expect a larger sell then we just saw.

[TopT3ns]

Perhaps because he is consuming mainstream media regularly which have told him all the time that Bitcoin is a scam that will be worthless anytime soon. Now he notices that Bitcoin is not dropping to 0 but is heading to 20k again. Of course, he must be confused.

bitcoin can have a price increase like this due to the influence of good news circulating some time ago, after that the price collapsed again when there was bad news, and that was usually used as an excuse to make a price correction but I see the current exchange is back go up again.

[BuNga_cute]

I admit that this year Bitcoin price movements are very volatile, if we do the analysis correctly, it can generate profit from volatile
Bitcoin price movements. This year there is a lot of good news about Bitcoin, so it is very natural for Bitcoin to experience a bullish
trend. Moreover, the current pandemic has made many countries print money which can lead to inflation, therefore many rich people
finally choose to invest in Bitcoin, this is another reason why Bitcoin is so bullish.

[marilynmanson21]

several top financial advisors have come up with their own predictions, claiming that Bitcoin would be priced in the $300,000-$400,000 range by the end of next year. So don't get confused.. because the bull run has just started.

$400000 is a very high target, if to $250000 I still have confidence that will happen, this is based on the bitcoin trend in 2017 when bitcoin price went up from $200 to $20000.
And also the bull market trend this time is supported by a lot of good news, like the emergence of Libra coins and also Paypal which supports its users to store bitcoins.

[bitterguy28]

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

We can't deny that Fact that Investors Outside crypto Filled their Wallet of crypto while the Economy is dropping so badly.

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

Sorry but How identical the Movement of halving this year and last 2016?

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?

But now that PayPal is here yet so many issue has been Opened and seems like there are some policies to be revised .

[Salauddin1994]

The market for bitcoin is very volatile due to the increase in the price of bitcoin no one is confused about investment paypal is accepting bitcoin and many countries around the world are accepting bitcoin for their convenience which is why the bitcoin market is so bullish. Bitcoin prices will rise much higher in the coming years whales can no longer influence the market the bull run has begun and the high value of the investment will double the demand for bitcoin.

[X-ray]

several top financial advisors have come up with their own predictions, claiming that Bitcoin would be priced in the $300,000-$400,000 range by the end of next year. So don't get confused.. because the bull run has just started.

$400000 is a very high target, if to $250000 I still have confidence that will happen, this is based on the bitcoin trend in 2017 when bitcoin price went up from $200 to $20000.
And also the bull market trend this time is supported by a lot of good news, like the emergence of Libra coins and also Paypal which supports its users to store bitcoins.

You guys are too far to predict for the future price of bitcoin, just let bitcoin to surpass its ATH and you can expect it will be going even higher than before. 250k is too good to be true even in this decade.
I just put 50k as the next achievement for bitcoin that can be reached maybe in the next years.
I don't think libra will be directly connected with bitcoin. There must be developers who can create a gateway for libra users to buy bitcoin. That could give another pump for bitcoin.

[Pamadar]

The market for bitcoin is very volatile due to the increase in the price of bitcoin no one is confused about investment paypal is accepting bitcoin and many countries around the world are accepting bitcoin for their convenience which is why the bitcoin market is so bullish. Bitcoin prices will rise much higher in the coming years whales can no longer influence the market the bull run has begun and the high value of the investment will double the demand for bitcoin.

Whales knows how to play even you think they are no longer in control.

But the influenced that they can create once they started to move again, this bullish can also be created by bag holders
who wanted to earn more, after they've seen the target value they can quickly dumped it up and collect all the profits, it's
always best to continue monitoring and learning all the possible reasons why the market is moving both bullish and bearish
trends.