What's reason for pumping btc price?

[Fatunad]

Reason?

~Demand
~Adoption
~Hype

Paypal adoption and that Elon Musk 1.5b purchase did really push up the market or bitcoins price.
If you had invested earlier or able to buy while its still cheap then thats already a guaranteed profit.

[Baofeng]

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.

We really don't call it hype anymore right? Because Musk and his company Tesla has purchased $1.5 billion based on their official filing to SEC. Hype is when you shill for bitcoin, just like what he did on Doge. But with the recent records, he truly is investing huge amount of his company into BTC. And yes $50k-$100k could be there in this bull run for 2021. Just HODL and invest more as we go along as this rally will really give us a good profits in the end.

[Ziskinberg]

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.

Well, you do it now before it reaches $100k.

Elon Musk can hype the market more and after he tweeted about Bitcoin, shilling Doge, the market trend changing a lot and that much more affecting now after Tesla buying millions of Bitcoin.

That buying now is the best thing we do, coz sooner or later, we can no longer buy Bitcoin at $10,000( I hope I was wrong coz I'm waiting for it, really).

[Zemomtum]

Because digital currencies are the future and people are becoming aware of this. Institutional money is flowing in and most of the richest men in the world have joined the league. Elon Musk does not hide his own. There is nothing short to expect that upsurge in price and besides, BTC is limited in supply.

[senyorito123]

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?

Only regrets leave us traces, I remembered those days that I may sell 0.8 btc during 2017 on my spare token but failed to do it. If I was able to do it that time and sold acquire 0.8btc, maybe I am able to see my asset with a value of $37k today. Holding our btc asset is very important in order to achieve that goals that we wanted for our finances. Basically bigger whales contributes to the btc price growth, and they always grab every small opportunities.

[LUCKMCFLY]

I think that institutional investment is a very big reason for Bitcoin to rise in price at any moment, if we have Elon Musk, Paypal, Microstrategi and more in the market, it is reason enough to see the price of Bitcoin always high. I think that Bitcoin Pumps will now be very common as time goes on.

[SquallLeonhart]

Only regrets leave us traces, I remembered those days that I may sell 0.8 btc during 2017 on my spare token but failed to do it. If I was able to do it that time and sold acquire 0.8btc, maybe I am able to see my asset with a value of $37k today. Holding our btc asset is very important in order to achieve that goals that we wanted for our finances. Basically bigger whales contributes to the btc price growth, and they always grab every small opportunities.

There are those of us who had over hundred bitcoins back in the day, even faucets were giving 1 btc per day back in those days as well, and sad part is there are many of us who are left with absolutely nothing at all in the end, like me. I do have a very tiny amount (not even 0.1 btc) at the side but I can say that after having over 100 bitcoins total in my account and out, I could say that it is really not that simple to make a profit in bitcoin world if you earn it and not trade it.

I earn bitcoins and I cash them out and I buy food and pay the bills and rent and so forth with it, which means we are not going to end up with anything in the end when we pay for them, usually even have debt afterwards. I think this is why some people are not feeling that regret anymore, because I realized that what happened just happened and I need to focus on the future.

[STT]

Main reason is momentum which hasnt run out yet or fomo more famously, people buy because other people have bought and the same can happen with sells.   Its a different movement from a slower more fundamental gain perhaps so keep looking for fast measures as a guide I guess is fair.



most of today price action moved above 12hr average with the 2 day average moving about 46k.   The lows today were the highs of the initial move upwards and represent something of a buy opportunity for some hence we came back as there are still new buyers interested and optimistic further.

[Mehedi72]

it isn't necessary for everyone to believe bitcoin especially when it crash from $20k to around $4k. That was enough to panic btc but now you can see the price which is totally shocking.btc pumping because whaels and bull are trying hard to pump.its all about business.now they pump and people crazily buying bitcoin.so it continue pumping.but maybe soon we are going to see the end of this game again, maybe not like 2017 but will be entertaining enough

[LUCKMCFLY]

Many believe that the biggest reason for the Bitcoin pump is due to the action of the news, some statements by celebrities, others believe it is due to being technology enthusiasts, and what very few see is that the majority of bitcoin is entering To the market people who have the experience of Wall Street to invest, that the simple fact of already reaching an ETF application is already enough the noise that Bitcoin has made today. Yes, some see it as a mere instrument of market speculation, negotiations, and everything related to investment, many asked for adoption, I think it is already happening, now what remains is to finish getting on the train, that Bitcoin is taken in It counts for many as a refuge of value, this is what Bitcoin has come to, to be a deflationary economy totally independent of the traditional one, where both economies can coexist.

The most logical reason that I see at the moment is because new investors have entered that move the market, they want to win and all these movements that they have unleashed is like a warning to the world of "We are here" .I think they want to develop their business model, be where the money is, generate and apply everything that is necessary to multiply their money, and all the movements of bitcoin are due to this. I think that is what is happening to you in it is happening right now and for some time now.