What's reason for pumping btc price?

[hv_]

Bitcoin price in this months has been rising the reason of it is many investor and new traders are investing on BTC, simply more people are trusting in this months. although many scammers are in news,  investor still believe that bitcoin will dominate the crypto world and gain income by investing on bitcoin.

Scammers are just part of crypto sphere, whether we like it or not, criminals will plow here because the the huge money involved, it's up to us how to defend ourselves against them. Of course, bitcoin in the last 10 years or so have really taken a great leap and even reach $40k already.

Although it has slow down and had some minor dip in the last week, still the demand is high, not just institutional money, but from average Joe as well. We think this is expensive, but we have to look at the future as the current price might triple it's price in the next 1-2 years. So bitcoin's demand will grow and we are not going to run out of investors.

Bitcoin was built and delivered absolutely transparent also to keep such crap out. Tracking things on the only open public ledger that works properly by incentives

Now,... things got changed and changed and lots of dark icos and exchanges got created


Any thoughts to clean that up?

[Gcrypto786]

There are a lot of reasons for the BTC pumped and the most common one is the major incident like COVID-19, Sudden Investment, most likely made by the big whales.

[scottsanderman12]

Now a days bitcoin is the main assets for global economy

not agree, not now, but in closest future.

[ChrisPop]

Now,... things got changed and changed and lots of dark icos and exchanges got created

Any thoughts to clean that up?

ICOs are very rare nowadays and they can hardly raise any funds. In 2017 was much worse. This was achieved mostly because of the regulations that were set in place regarding crowdfunding through the issuance of cryptocurrencies.

To respond to your question the main way to protect people from shady ICOs and exchanges are regulations.
A more technical solution would be a completely decentralized exchange but we need a sophisticated one and maybe something like a DAO to govern it.

[Issa56]

Price of bitcoin is increasing rapidly due to more people going into bitcoin and more companies are adopting bitcoin and there are lots of investors investing in bitcoin and the main reason why bitcoin is increasing is there are more investors investing in bitcoin. I think that's the main reason why bitcoin is increasing!!!

[pixie85]

Despite Bitcoin's (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons. The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.

Don't forget that Willy is a long time Bitcoin bull. He said it himself that he tends to be bullish with his predictions. It's common for analysts who own bitcoins and those who in the past made a lot of money holding it.

The main reason why price went up is supply and demand. I don't believe there was deliberate pumping taking place. If there was any, we can blame Tether

[Twentyonepaylots]

The short answer for your question is demand. The more people looking for bitcoin, the more it's price will be jacked up. Normally supply is also going to be included in this which it is actually, but in a very weird way. You see, bitcoins are discovered, and whomever discovers it takes up a portion of the 21 million supply that will never be increased. Now miners here and there, made it harder for newbies to mine themselves, so they will buy instead, soon after, people opted to just buy because it is much easier and more convenient to buy $500 worth of bitcoin than to purchase a $2500 computer meant only for mining.

[wxa7115]

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?

First of all I hope that you bought some before it reached the current levels otherwise you missed an incredible opportunity, now about the topic, the most simple answer is that the demand for bitcoin has raised dramatically and with it its price as its supply is very limited.

But why the demand has increased so much? Because people are realizing that fiat currencies and the economy in general is the biggest scams this world has ever seen and that the pandemic has accelerated its inevitable crash, a significant amount of all the fiat in existence was printed just last year and this is not sustainable and people are going to do whatever is necessary to protect themselves and that includes buying bitcoin.

[posi]

Despite Bitcoin's (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons. The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.

Don't forget that Willy is a long time Bitcoin bull. He said it himself that he tends to be bullish with his predictions. It's common for analysts who own bitcoins and those who in the past made a lot of money holding it.

Willy Woo is a longtime market analysts who is respected and also have huge fan base but I don't like the fact that he offer a paid service for his prediction.

The main reason why price went up is supply and demand. I don't believe there was deliberate pumping taking place. If there was any, we can blame Tether

The market demand and supply play a huge role in the market surge in price but not the main reason for the current market surge/traffic because block halving also played an important role either. Mind you, it (block halving) was implemented for inflation control.

[Youghoor]

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 increase in the demand and usage of Bitcoin is the basic reason why the market value of Bitcoin keeps pumping for time to time. And when demand rate increases with a fixed supply rate, the market value of that product also increases. In the case of Bitcoin, the demand rate of it has increased from the launch till now and there is also a fixed amount of it.  Once there is a fixed number of Bitcoin to be in circulation, the market value of Bitcoin increase as years go by. So the basic reason why the price of Bitcoin will keep increasing is the fact that it has a fixed supply and the its demand in the crypto ecosystem will keep increasing.

[tinopener]

I think another small reason is there are positive noises about an ETF.

I think Hester Peirce (crypto mom) is getting more influence at the SEC.

This also counterbalances the negative noises from Yellen.

[ReiMomo]

The short answer for your question is demand. The more people looking for bitcoin, the more it's price will be jacked up. Normally supply is also going to be included in this which it is actually, but in a very weird way. You see, bitcoins are discovered, and whomever discovers it takes up a portion of the 21 million supply that will never be increased. Now miners here and there, made it harder for newbies to mine themselves, so they will buy instead, soon after, people opted to just buy because it is much easier and more convenient to buy $500 worth of bitcoin than to purchase a $2500 computer meant only for mining.

Exactly and that is how investors make the price of bitcoin becomes expensive, due to the demand will increase it means the supply will decrease because bitcoin has a limited supply which the more people will hold it the more it will become expensive. There are too many institutions as of now that adopting bitcoin, individual or a group has potentially made bitcoin grow in the market.

So analytically speaking, because of the investors the price grown up and bitcoin was very lucky because there are too many big names company saw the potential of bitcoin.

[n0ne]

The short answer for your question is demand. The more people looking for bitcoin, the more it's price will be jacked up. Normally supply is also going to be included in this which it is actually, but in a very weird way. You see, bitcoins are discovered, and whomever discovers it takes up a portion of the 21 million supply that will never be increased. Now miners here and there, made it harder for newbies to mine themselves, so they will buy instead, soon after, people opted to just buy because it is much easier and more convenient to buy $500 worth of bitcoin than to purchase a $2500 computer meant only for mining.

Exactly and that is how investors make the price of bitcoin becomes expensive, due to the demand will increase it means the supply will decrease because bitcoin has a limited supply which the more people will hold it the more it will become expensive. There are too many institutions as of now that adopting bitcoin, individual or a group has potentially made bitcoin grow in the market.

So analytically speaking, because of the investors the price grown up and bitcoin was very lucky because there are too many big names company saw the potential of bitcoin.

The increasing demand pushes the price. The initial price pumping had taken place as a result of institutional funds getting into the market. Now the same has made more common people get interested towards bitcoin. Parallel to the growth of bitcoin there is more growth happening with ethereum. So, this looks like a growth period for altcoins. Soon ethereum will mark its new ath value.

[Ronny29]

The price will growth, when big companies buying deep, such as GrayScale and fall, when companies and huge players sale it.

[Nexcital]

The reason is that I can say at least a little.  What I can understand from my small knowledge is that even a few years ago, people did not have much idea about Bitcoin.  And now people who don't know about Bitcoin can't be found in this whole world.  Even people in every village in the world now know about Bitcoin.  I think this scale is the only reason for the rise in the price of Bitcoin.  People are becoming more and more interested in Bitcoin.  So the demand is increasing.  And this is why the price of Bitcoin is skyrocketing.

[Eureka_07]

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 law of demand and supply is the general reason. Bitcoin adoption of companies and rich personalities had huge impact on the current price of bitcoin today. There's also lots of bitcoin holders nowadays, meaning many bitcoins have been put on hold, it does affects the price of bitcoin since there's less circulating supply that is willing to be sold in the market.

[death69]

Well, just look around you and see it by yourself. People are desperate in having more money in the world where authorizes and governments steal all of our money by increase tax and inflation rate. If this continues in the next 10 years, many will surely end up bankrupt. Thus, many have choose to save their money in bitcoin which is believed to be a safe haven offering huge profit in just a few years. No one wants to miss out a big chance like this.

Or simply, count the number of bitcoin users in this forum. Many enthusiasts are here waiting to accumulate more and more bitcoin by their savings or salaries.

[CODE200]

Same reason on the downfall in its price. This has something to do with the demand and supply relationship, likewise with stock market. But the question might be referring to the exact reason on every pump in its market value other than the said relationship. I'd say indirect events which also affects the demand. There are assumptions that the recent ATH was caused by the adoption of an e-wallet to cryptocurrencies as a mode of payment which is somewhat valid given that its popularity is being boosted from being introduced to lager population since it is entering the mainstream. Some are saying US election did. But the bottomline is that, this phenomenon is hard to determine because there are many factors that could affect the price of a volatile digital currency.

[Swordsoffreedom]

Limited supply and huge demand. Actually, the price of Bitcoin will increase it is very normal, with the increase of adoption of Bitcoin civil people will become familiar with it and the use of Bitcoin will increase. You know the use of Bitcoin at the institutional level has started, this is a positive aspect for the widespread adoption of Bitcoin, so Demand for Bitcoin will continue to grow, as will its price.

[Wulan_maniez]

When it costs $300 as you know, it doesn’t look good in everyone’s eyes. But after the price  rose many times  quickly, people took the  opportunity
as a profitable investment instrument in the short term. It goes on until now, even crazier people against bitcoin, because the price is getting higher.
So even though the price is already high, but it will decrease again and give everyone the opportunity to buy bitcoin.