Still confused why bitcoin is so bullish?

[konflikkastil]

Everybody wants to put their money where things are hap pending, to me I'm surprised. I already saw something like this and I have been telling people to take use of the adva- ntage. The big players are rushing btc right now. And has had a great effects on the price now and the price is still going up now. If things continue this way, it might reach $100,000 before the end of March. The world has never seen this kind of thing before. What people took as play then has become a gold what am I saying self.it has worth more than gold, in no time. The bull will continue till only God knows. Let us all make use of the present situation and cash out big time.

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[Peanutswar]

There is a lot of innovation and adaptation previously I think that the bitcoin does not meet its current price because due to this pandemic before we reach the lowest point of the market which is 3k USD and here we come now to the 57k USD which is a different huge. I think this is not the only time this happens for the upcoming years and halving the bitcoin will give a good market boost and profit every time because we are heading to the digital age and today payments are widely spread throughout the internet so there is no doubt that Bitcoin will surge more than this.

[FlightyPouch]

There is a lot of innovation and adaptation previously I think that the bitcoin does not meet its current price because due to this pandemic before we reach the lowest point of the market which is 3k USD and here we come now to the 57k USD which is a different huge. I think this is not the only time this happens for the upcoming years and halving the bitcoin will give a good market boost and profit every time because we are heading to the digital age and today payments are widely spread throughout the internet so there is no doubt that Bitcoin will surge more than this.

If we will be talking about payment method using bitcoin, that would be quite a problem. A lot of people are annoyed by how much the fees are increasing right now and the only way you could get free fees is through some of local or online exchanges if they offer that method. I don't think it would be like that.

The reason for bitcoin's bull run is the profit, it is an asset to institutional investors. There is no other reason for them to risk their money in bitcoin if they don't want profit.

[AndySt]

Undoubtedly, the current bullish rise in the price of bitcoin is to blame for the pandemic and the arrival of large institutional investors on the market, so it will be interesting to see how the corrections and price rises will occur in the future. On the one hand, the pandemic factor and, accordingly, the injection of money into the economy by the central banks of states will gradually decrease, on the other hand, institutional investors do not seem to be as susceptible to panic as private investors and mass withdrawal from the market.

[arifteguhr]

Institutions that buy bitcoins in bulk. Elon Musk with his influence has an effect on prices. And the number of bitcoins is limited because many institutions are still in hold today. That's what makes the current price of bitcoin why it has increased quite fantastically. of the current circulation. maybe 30-50% which is being traded. most of the others have now been controlled by large institutions that bought on a high scale in the last 1 year. I'm pretty sure there will be a huge dump if this happens this year

[ene1980]

I think it is worth paying attention to the fact how many large companies have invested their excess funds in Bitcoin, not to mention institutional capital, because it is the attraction of large capital that allows the Bitcoin exchange rate to rise, and at the same time increase its demand in the cryptocurrency market.

Not sure whether we can call these huge investment excess funds from a company. They are meant to reap profit and if they think the bitcoin market will give them the desired profit they will hedge their investment in it even though it is a volatile market they feel it is much safer than traditional financial investment after a pandemic.

[SmokerFace]

Well as opposed to getting befuddled, you should make a major interest in bitcoins.
As you're tolerating it's bullish so now it's your chance to take a few advantages from it.
I recommend you to quit contemplating its raising and purchase bitcoin for an extensive stretch.
I heard that it will rise more in December and a heap of indicators giving the green signs.

[tyz]

I think it is worth paying attention to the fact how many large companies have invested their excess funds in Bitcoin, not to mention institutional capital, because it is the attraction of large capital that allows the Bitcoin exchange rate to rise, and at the same time increase its demand in the cryptocurrency market.

Not sure whether we can call these huge investment excess funds from a company. They are meant to reap profit and if they think the bitcoin market will give them the desired profit they will hedge their investment in it even though it is a volatile market they feel it is much safer than traditional financial investment after a pandemic.

Ah, and how are they going to hedge Bitcoin investments? As far as I know, there are still no corresponding derivatives and options to do this with crypto yet. Therefore, they have to use non-crypto assets for hedging, which could then lead to problems with regulation.

[Mauser]

I think it is worth paying attention to the fact how many large companies have invested their excess funds in Bitcoin, not to mention institutional capital, because it is the attraction of large capital that allows the Bitcoin exchange rate to rise, and at the same time increase its demand in the cryptocurrency market.

Not sure whether we can call these huge investment excess funds from a company. They are meant to reap profit and if they think the bitcoin market will give them the desired profit they will hedge their investment in it even though it is a volatile market they feel it is much safer than traditional financial investment after a pandemic.

Ah, and how are they going to hedge Bitcoin investments? As far as I know, there are still no corresponding derivatives and options to do this with crypto yet. Therefore, they have to use non-crypto assets for hedging, which could then lead to problems with regulation.

But why hedge cryptos in the first place? The secondary financial derivatives market is not yet there yet for bitcoins. You can't really protect yourself from falling prices, except if you sell some coins. If you really want to reduce your exposure to bitcoins you should be just selling some of your coins. In my opinion with BTC price still north of 50,000 USD I would not expect falling prices any time soon.

[doomloop]

Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value. I don't know if it is  a scam or not

Pure supply and demand. Every coin is priced from an expecptation to the future - a perfect combination between micro- and macro economy 

Glad a newbie has better understanding and sentiments for Bitcoin than a member who is using the forum since four years. Actually apart from demand and supply, we also need to understand that why the demand is increasing and that is because more guys are coming into the market while mining almost remains the same which is the only source of supply. What I mean to say is that demand might remain the same for individual but because more people come into crypto, that automatically increases the demand.

But most other people are totally different. I really wonder what makes them to think Bitcoin might be a scam. I don't want to try and change their perception towards bitcoins or cryptocurrencies because if 4 years of stay didn't changed it, I don't think anything else ever will.

[tippytoes]

Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value. I don't know if it is  a scam or not

Pure supply and demand. Every coin is priced from an expecptation to the future - a perfect combination between micro- and macro economy  

Glad a newbie has better understanding and sentiments for Bitcoin than a member who is using the forum since four years. Actually apart from demand and supply, we also need to understand that why the demand is increasing and that is because more guys are coming into the market while mining almost remains the same which is the only source of supply. What I mean to say is that demand might remain the same for individual but because more people come into crypto, that automatically increases the demand.

But most other people are totally different. I really wonder what makes them to think Bitcoin might be a scam. I don't want to try and change their perception towards bitcoins or cryptocurrencies because if 4 years of stay didn't changed it, I don't think anything else ever will.

Been 4 years in crypto and he has not gained anything and still thinking that this may be a scam? That's very saddening. It means, he didn't educate himself about crypto throughout those years. Because ignorance is the only reason why after all those years, you still think, btc or eth is a scam. Maybe, he needs to understand a lil bit more here and start in the Beginners section - https://bitcointalk.org/index.php?board=39.0 . If he will educate himself on his own, he will understand a lil bit more about crypto and maybe change his perspectives towards crypto.