What's reason for pumping btc price?

[Rasel5209]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

[barto123]

Shortest answer I can give you: People are sick of the theft of the current financial system.

It is now as simply as - Buy Bitcoin or Have Fun Staying Poor.

The people will choose Bitcoin, it's just going to keep up.

Every dip is an opportunity before global Hyperbitcoinization (Bitcoin swallows everything).

Bitcoin has already won, the sooner you realize that the better off you'll be.

Alts are just a distraction - all these altcoin devs want your BTC - they get it.

[lienfaye]

Because there's a high demand and many people are engaging themselves in crypto due to the hype.

People are getting interested on crypto specially now that the price of btc surpassed the previous ath.

Anyways dont feel bad if you didnt buy when the price is still at $300, its not too late to invest specially if you're a long term hodler.

[hd49728]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

You did not by bitcoin at $300 or any lower or higher price but you are still around in this forum. It is an evidence for how you love bitcoin and want to have it.

With your 3 years here (or more if you knew about bitcoin before a day you joined the forum), I think you should know why bitcoin has a high price and is loved by speculators. You did know about halvings that can be one of major reasons for each growth of bitcoin every four years.

[Congyang]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

the first reason is that many people have started to trust bitcoin and the demand for bitcoin is very high in the market. many people spend big money and companies to buy bitcoin. this is what makes bitcoin easy to increase quickly, even when now bitcoin reaches a price of $39k in coinmarketcap, many predictions say bitcoin can be priced above $50k this is fantastic

[Kittygalore]

Because there's a high demand and many people are engaging themselves in crypto due to the hype.

People are getting interested on crypto specially now that the price of btc surpassed the previous ath.

Anyways dont feel bad if you didnt buy when the price is still at $300, its not too late to invest specially if you're a long term hodler.

I think this is the best answer in the bunch in a typical bitcoin person standpoint, but if you are a company that pours in a ton of money then there will be a different reason for pump. The FUD back then was so strong against bitcoin so you do not have to blame yourself because the important thing is you are here right now.

[OscarDavidson]

I think one of the points why people purchase BTC is a desire to get some profit. I can say so about me because I bought it at the end of 2020 when BTC started a crazy run to the highs and now I'm holding and wait until my investment brings me 500% of profit   When BTC get $100k I'll sell it and feel relief Probably gonna make some great surprise for my girlfriend.

[Wexnident]

It all starts with supply and demand I suppose? And demand is directly influenced by the community, and well, most of the community basically want Bitcoin due to it being outside of the eyes of the government, in other words, complete (or pseudo, whatever suits you) anonymity. There are also others that were influenced by its high volatility and saw it as an investment opportunity since, in the first place, Bitcoin itself was an interesting prospect and as long as people come to know it, it would only skyrocket. Not to mention that again, since it isn't influenced by a centralized party, they can rest assured that there'd be no background issues with it.

[Reid]

Where would you put your money instead if not Bitcoin?
I guess you should at least answer that for yourself. I know there are a lot of options there but this "Bitcoin" could be the best out of it.
If not, the number 2 best option.

Not on your drawer because of thieves and not on banks because of thieves in their suits.  
Think about it. People might be suffocated already by how financial industries are just keeping their money without any good amount of interest.
They make tons of money investing it while you have .01 percent only or less. (annually)

[dohh]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

The world´s pool of idiot fish is huge and few sharks swim in it too.

The reason for pumping price so high is to cash more $$$ in from the idiots who buy-in with their real cash. As 99% of transactions are fake, so is the blockchain bandwidth filled with nothing at the degree of 99%. So, from remaining oxymorons, they want to cash in as much as possible.

As you can see from here, it kind of works. Not in correlation with price lift, but still... significantly.
https://bitinfocharts.com/comparison/mediantransactionvalue-btc.html

[BD Crypto]

In my research Bitcoin has nothing official or to be 200% trustworthy.But Bitcoin price is pumping because of its hype and after that Whales are pumping it like a rocket.Thats why people are going to buy it more.

But I will suggest you and everyone not to buy it in its peak price and obviously wait for deep.Because Whales will obviously sell them and price will come down again.

[GeorgeJohn]

Their is no point for argument it's because of mass adoption of bitcoin in different regions across the countries and politicians  are using bitcoin to save their money instead of involving into laundering, and also people who stored money into tank's are using their money to purchase bitcoin to avoid spoilage and arrest by federal government, so their is many numerous predictions while bitcoin is increasing in price everyday, and its obvious that people need a little interest towards the money, dumping money in the bank without yielding any interest per annual might  be another tangible reason while people are investing in bitcoin in order to make profit with money invested

[LogitechMouse]

There are many reasons that I'm seeing.

1. People are using Bitcoin as a hedging tool.
2. They are just riding the hype. Yes this further rise is because of some hypes that have been done by medias.
3. Institutions coming into and buying Bitcoin alongside other altcoins.
4. Sentiments, analysis etc.

Whatever the reason is, we must be happy and at the same time ready into what can happen next. Today we might see it go up but in the next few days we might see it go down . Just be ready for what might happen.

[cryptomaniac_xxx]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

Back to the basic economic law: supply and demand.

Now, bitcoin is so demanding that everyone wanted to buy, average joe like you and me, retail, big institutional arm and then huge companies using bitcoin as an hedge. And that's what drove it's price and setting all time high in the $20k-$40k range.

[pinggoki]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

The basic reason on why bitcoin is pumping is because of the supply and demand. The supply and demand of bitcoin affects the market and that's why the bitcoin price is rising and another thing is that the people is already tired on putting their money into the banks in which they are more prefer to invest it in the bitcoin or cryptocurrency, in short people are just thinking on where they can put their money and this is bitcoin.

[The Cryptovator]

It's the normal theme, when Bitcoin was low price no one thinks that Bitcoin would reach that price position. We know Bitcoin is a limited supply and there is no way to add new coins. Worlds population increasing day by day and some of them entering Bitcoin as well. So Bitcoin spreading around the world everywhere and that's why demand increasing. Demand increase means the price is supposed to be increased. On the other hand, Bitcoin-accepting worldwide merchants. That's why I believe bitcoin price will continue to raise if adoption continues like this.

[nelson4lov]

I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?

At a fundamental level, if the price of an asset grows in a period of time, it's most likely because the demand outweighs the supply and that's the case of what happened with Bitcoin.

Over the years, there's been a growing interest in Bitcoin and other digital currencies. Right now, you can find Bitcoin in almost all stores. Most of our favorite celebrities are talking about it and their fans too.  Also worth noting is the fact that everyone is tired of financial institutions shortcomings, constant fiat inflations and government trashy policies so Bitcoin provides a solution to all these problems and more. Bitcoin is now widely accepted for a variety of services and thus price is bound to increase in that regard.

[lovesmayfamilis]

Of course, this supply and demand always affect the growth of any product. Bitcoin is limited, its quantity is decreasing, and the demand for it is growing. Today we know of many institutional investors who have invested huge sums in bitcoin, and interest has grown significantly among the population. Today, it has become easier to buy cryptocurrency, as payment systems have added support from their side. The more the dollar loses its position, the more interest grows among investors who choose bitcoin as a defensive asset against inflation. Of course, many will say that buying Bitcoin at its peak is not very advisable, but who knows what kind of peak we can expect in 2021.

[YOSHIE]

Can you tell what reason?

You should know Bitcoin is known to everyone in the world, only a few remote villages do not know Bitcoin.

Media around the world already know about Bitcoin. There are a thousand "reasons" out there that the "reason" Bitcoin went up.

Quote below, just for you, so that you are smarter in assessing Bitcoin in the future, even if you don't believe it.

Bitcoin Sets New All-Time High Above $28.5K; Bulls Back in the Driver’s Seat

💥 BTC topped the previous high-water mark of $28,352.63 set less than 72 hours earlier, before dropping back to $27,772.99, up 4.14% in the last 24 hours. The price of BTC (BTC, -0.38%) has risen more than 295% year to date.
💥 Institutional investors are perceived to be driving this record-setting run. Among them: Anthony Scaramucci’s Skybridge Capital ($25 million in December); MassMutual ($100 million in December); and Guggenheim (up to 10% of its $5 billion macro fund).
💥 With the end of the year looming, some fund managers may also be buying BTC so they can brag next year about being smart enough to get in in 2020 while neglecting to say at which price they had done so.
💥 In addition, the U.S. Federal Reserve, along with other central banks, has been printing money with abandon, trying to stave off the worst economic effects of the pandemic as U.S. President Donald Trump has been pushing Congress to pass an even bigger relief package to allow for larger stimulus checks. These actions are viewed by many as potential catalysts for inflation and bad for the U.S. dollar, both of which could be positive for BTC.

And here's another one for you to read.

Why the PUMP? Reasons for why Bitcoin prices always move in short bursts and how can we benefit from it?

I hope you will not be surprised when the future price of Bitcoin reaches the level of $1000 million.

[royalfestus]

Your argument was about the use case of bitcoin and accruing value. In 2016 when the price was around the $300, bitcoin was only the pair for those coin that could be traded for fiat, then the list of altcoin got increase and the demand increase also. Most of the altcoins cater for the inadequacies of bitcoin that people complain about, more money kept flowing into bitcoin by this. At the end of DEFI crazy pump bitcoin will still take the glory, this is enough use case to buy but now bitcoin is beyond the reach of a common man.