What's reason for pumping btc price?

[Phanditha Echevarria]

you can see that multitudes of iinstitutions and governments are reaching their hands on bitcoin, that's the reason. Maybe we ordinary people can't see the light of bitcoin, but they do, that's why we should follow them!

[cocoladygaga]

As more and more people invest and buy, the price will become higher. Secondly, the difficulty of mining is becoming higher, and the difficulty of obtaining bitcoin is also becoming higher. The scarcity of things has caused the price of bitcoin to rise.

[Tristan Bieber]

Bitcoin's surge in the past year has been driven by many factors. The entry of institutional investors, the loose policies of global central banks, the limited number of Bitcoins, and the market frenzy after breaking through $20,000 are all "behind the scenes."

[huff87]

Bitcoin pumps are executed by small groups of people with access to the OTC market. We already know the world has high wealth concentration – 1% of the world has 99% of the wealth. The 1% can easily transact enough fiat to cause these sudden shifts in the price intentionally or otherwise.

[Becky666]

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?

Well, you have answered the question, bitcoin was around $300 when you knew the technology and you were afraid to buy and it price continuing increasing, the reason it price continue is becasue of it demands.  Bitcoin demands gradually started from it lowest to what we have it right now, so, it pump came from it demands.

[pragna]

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?

Actually there are many reasons like
1. There is no 3rd party who can be benefited.
2. Here is only P2P transaction which is very healthy for buyer and seller.
3. No control of Govt.
4. Easy transferable.
5. Time an risk saving
6. Easily handle-able.
etc....

I think for all these characteristics people going to trust on BTC and making investment so that BTC price going high day by day.

[In the silence]

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.

In my opinion, most of the people goes for the profit. But always remember the other feature of bitcoin which it can be used as an online payment other than being an investment.

[wxa7115]

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.

Things are starting to change governments for some reason believe they can get away by cheating their citizens forever and even if the majority are not knowledgeable enough about the economy they can tell there is something wrong, the governments may try to lie about the rate of inflation but if one day you see milk having one price and then a few months later it is 10% higher then you are going to notice.

So people are looking for ways to protect their money and I have no doubt that bitcoin will be the best performing assets once an economic crisis comes and it seems people feel the same way about bitcoin.

[isaac_clarke22]

~

In simple economics, it is surely about the demand that's all.
Add up that Bitcoin is unstable by itself so that could contribute to any increase/decrease we're having.
The things that made the "demand" complex were the hypes, regulations, mainstream, mentioned through different medias, etc.

[samputin]

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?

Same with you, I started to involve in bitcoin when the price is $400 and now I can't believe the huge price. That time I earn my bitcoin through ICO's and I trade it with no doubt. And now I don't have any of bitcoin and it's my big mistake.

I'm sure the reason is the pandemic, people want to earn money and bitcoin can do that. Not only the simple people also the some companies, and the pumping of price is because they invest their money in bitcoin for possibility of profit.

[Issa56]

Price of bitcoin have been increasing rapidly and there are lot's of reason that leads to rise in bitcoin price. Firstly I think there are lot's of people getting to know more about bitcoin and people are getting to buy it more due to that the demand is high and that also lead to increase in price of bitcoin, secondly there are more companies and investors trying to invest in bitcoin and some are also adopting bitcoin as there payment methods which also lead to demand of bitcoin being high and that's the main reason that lead to pump in price of bitcoin.

[Alucard1]

The demand pushes the value of bitcoin, as of this day, many people are being attracted to it, so many newbies are now into bitcoin who keeps on buying bitcoin even the price is too high. If you are familiar with the economy then you would understand how the price of bitcoin goes up and goes down and also some big people or popular person can also increase the price of bitcoin just like what Elon Mush have done.

[0t3p0t]

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?

Simple. Supply and demand what makes every prices pump like oil, food, fare, services and many others including crypto most especially Bitcoin. It could also be that centralized investors are now taking part in Bitcoin as their decentralized asset.

[GeorgeJohn]

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?

It happened to everyone because before now people were ignoring bitcoin  thinking its a thing that will crash and is a substance scammers used, so such ideology is not good and finally the evidence is very clear that bitcoin is a currency application to Fiat currency but it's digital assets and decentralized currency that's  Good for investment, assuming the period the price was low some of us purchased it with huge amount of money by now we would have become million via cryptocurrency.

[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?

This is, why: https://coinmarketcap.com/currencies/tether/

People who buy in with real dollars are plain idiots or just gamblers.

[raji1995naya]

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?

There are a lot of reasons. When do you see today's technology what is the easiest and quickest way to do transactions without taxes? What is the best way to skip taxes and stay with a huge profit? By looking at the current pandemic situation, What is the safest payment method? I think these three questions can make some sense.
And I m totally shocked that you didn't buy BTC for 300 $. If you heard Mr.Chamath Palihapitiyas interviews on those days you will surely buy them. But you still have a chance. Next, BTC harving is 3 years away

[Shasha80]

I don't blame you when the Bitcoin price was still at $ 300, you did not believe Bitcoin would have such a high price as it is today. Because I also
like you, did not believe Bitcoin will be valuable in the future. And lots of people regret not buying Bitcoin when the price is still cheap. So my advice is
not to repeat the same mistakes, so from now on collect as much Bitcoin as we can.

Then related to your question, the reason why the price of Bitcoin is rising so fast. It is clear that many people are tired of the current financial
system controlled by the government and banks. They want a new and more sophisticated financial system, which provides more freedom to control
their own finances. And Bitcoin can provide that desire, so the higher the demand for Bitcoin, this is one reason Bitcoin increases in price.

[STT]

Supply and demand, vs excessive liquidity in dollar standard.   Expanding technology standards, pick your reason because they are great many.    You have to consider questions like this in contrast to all alternatives and as yet Dollar has not yet unwound so we have not yet seen the end of this effect.  The biggest threat to crypto is from competing alternatives but i would say not FIAT at this point which coming to the end of its life term in uselessness and efficiency will collapse considerably it appears as integrity is compromised and unretrievable from here.

[JahriMeayer]

That's because btc hype isn't totally end yet.people still thinks that if they buy bitcoin, then there would be possibility to earn large percent profit from it.that's why they get excited about bitcoin investment. still keep buying btc and by the strength of investment, lequidity already come in bitcoin industry, correction already done and btc again start growing.specially $8k pump today maybe because of elon mask claimed to bought $1.5B worth bitcoin.i assume bitcoin could break the new ath again.

[Bitcoinislife09]

Easy hype by Elon Musk since they stated to invest 1.5 Billion Dollars in the bitcoin market and interested to accept bitcoin in his company TESLA. Most of the investors already see this as a good opportunity in the market because Elon Musk the richest man is interested in bitcoin. With this news, I think people are already seeing bitcoin would skyrocket around 50k$-100k$ price value in the market. I already have a few bitcoin and I really try to invest more in bitcoin with my savings because I see this as a good opportunity mostly I buy some bitcoin weekly with a small amount.