Why Is Bitcoin Price Increasing?

[CageMabok]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

[Asuspawer09]

Currently, the price of Bitcoin continues to increase. Today the price of Bitcoin is 27000$. It is assumed that the price of Bitcoin will increase further in the future. Many people want to know why this Bitcoin price is increasing. There are several reasons behind the rise in the price of Bitcoin. I mentioned some important reasons:

1. Much Demand: Bitcoin has become more popular among users. This is one of the reasons for the increase in the value of Bitcoin.

2. Supply : The supply of bitcoins is limited (21 million) and new bitcoins have to follow strict procedures to generate them. This in turn increases the value of Bitcoin.

3. Media : Bitcoin news, events, policy changes, etc. Journalistic events influence the price of Bitcoin.

4. Technology : Bitcoin uses a blockchain technology, which is reliable, secure and provides maximum security.

5. Investment: Bitcoin's value increases through various individuals, companies, and pneumatic investments.

The combination of these fundamental factors has led to the rise in value of Bitcoin. Also distribution limits and mainstreaming means that Bitcoin's supply mechanism affects the mainstream price on the upside.

There are just too many reasons and factors that are affecting the market price of Bitcoin and other cryptocurrencies which just means it's impossible to predict it accurately most of the time, I mean there are times that you might predict it and get lucky but sure there are always times where you're going to lose money or get the wrong prediction. That is why it is still a very risky investment even though we all believe that Bitcoin is going to increase its market price in the future, I mean we dont really know if Bitcoin is still going to exist in the coming years, because it has a volatile market price something could easily happen and drops the price to zero, It is not probably going to happen easily but there is always a possibility.

But if we are just going to base on the past timeline of Bitcoin we could easily predict that the market price is going to multiply in the coming years, also we are already seeing how Bitcoin and cryptocurrency are adapting all over the world, even to the day I can already see cryptocurrency adapt in a lot of platforms, it is already supported by some banks here in my country, just imagine that in the past years we thought that cryptocurrency is gonna be the one that is going to kill banks, but today you can now buy and sell cryptocurrency using some banks platforms.

[Ever-young]

This is the time of Bitcoin selling. Maybe the Bitcoin can come down again because sometimes the Bitcoin gives you a surprise. Today bitcoin prices are going down but not more than enough, which is good for some people and some people don't have with this.

If you did not sell when bitcoin price was at $30,000+ is now that the price is battling between 26,000 and 27,000 that you want to sell, instead of making some gain, you might end up losing some money on the process of selling now, this the kind of panic selling which traders and holders are warned upon, when you panic sell because of your fear for price dump in the time to come, you lose some money which you could have earned by just being a little patient with the price.

And anytime you sell off some bitcoin, you lose the chance of recovering what ever lose you incur due to the negative price change, as long as you hold you bitcoin and don’t sell, you will gain back what ever lose the dip market might make your portfolio experience.

[serjent05]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Even if Bitcoin drops to $10k  I still think it is pretty good.  Since the Bitcoin market is known as highly volatile, it is not a surprise if Bitcoin price goes down heavily.  When the price drop, it is good to accumulate more, just ignore those people who have a negative reaction to the price drop, they won't give you a profit anyway.  Besides what is is to fear when the Bitcoin price history records how Bitcoin is able to recover everytime it is heavily dumped.

[GeorgeJohn]

In other news, water is wet.

This is like those typical threads that have been posted a thousand times already, with the difference just being today's price (you even got the price wrong; bitcoin is already $27k+ by the time you posted this).

Sometimes you will not blame them, some people doesn't research or inquire before speculating the prices of bitcoin, assuming op have a nice data or knows how to interprets the chart and movement of a candle sticks it would have been better, because I understood that some of us in the forum just make a random predictions of bitcoin or give an information that is not accurate in bitcoin price, so it's obvious that since Bitcoin price drops it's just fluctuating because it has not clamped above thirty thousand to thirty five thousand [30k-35k] so in what aspect is bitcoin price is increasing, that is something I really wants to know towards bitcoin price, op is just giving or rendering information that is not accurate, according to you, as for the time op posted this thread the price of bitcoin  was at twenty seven  [27k] so what was the increase signal op is emphasising on. That is the reason I always tell some of the investors to observe very well before depending in some predictions and speculations of bitcoin  marketcap price.

[posi]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

If we are all waiting for next year's halving, that means we will only sell bitcoin during the bull season and when bitcoin makes a new ATH. So, we should feel happier if bitcoin drops more instead of increasing in price, because when the halving happens no matter what the price of bitcoin is, it will still recover and increase and create a new ATH. Furthermore, if the price of bitcoin price increases now, we will not sell them, if we have already decided not to sell our bitcoins then why do we expect the price to increase from now on?

I'm talking about levels lower than $25k, not just $25k, because the gap is so small from current prices.

[Webetcoins]

why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

Well that makes little sense to me, on the other hand there are a lot of investors who want a moment where the price drops lower and after that they will buy more and then hoard it for a certain period of time. But well maybe some of them have already bought at $25k so they don't want the price to go back down to their original purchase point, I think this is one of the more plausible reasons why some of the investors are resisting the price drop. Of course I agree that every drop means that indirectly bitcoin has given us the opportunity to start our best plan to buy more and HOLD as long as possible, or if possible until reaching ATH.

Actually now also bitcoin has shown a big enough opportunity for investors, as we know now bitcoin is in the $ 26,500 area and previously also bitcoin has touched the lowest support area that has occurred in the previous few months, the point is now there is a great opportunity because bitcoin has touched the lowest support and there have been sideways and indications of price increases, now the price is still experiencing a correction and I say this is a pretty good opportunity for you to increase the amount you have. I hope you will always be consistent in doing HOLD.

A lot of retail investors are usually confused about the time when they should buy Bitcoin, they keep asking themselves and others whether it's a good time to buy right now and they keep missing the opportunities because of that. I mean, what's the confusion? Bitcoin is the best cryptocurrency and if you have seen the history, it has always proved people wrong who said it can't go up anymore and has always recovered its price after crashing.

So you have nothing to lose even if you are buying at $30k or $35k if the price of Bitcoin reaches its previous all-time high or even if it reaches $50k. Those who are usually confused should basically use the DCA method for buying so that they don't invest everything at once and then regret if the market dips again.

[fzkto]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

If we are all waiting for next year's halving, that means we will only sell bitcoin during the bull season and when bitcoin makes a new ATH. So, we should feel happier if bitcoin drops more instead of increasing in price, because when the halving happens no matter what the price of bitcoin is, it will still recover and increase and create a new ATH. Furthermore, if the price of bitcoin price increases now, we will not sell them, if we have already decided not to sell our bitcoins then why do we expect the price to increase from now on?

I'm talking about levels lower than $25k, not just $25k, because the gap is so small from current prices.

The fall has created a serious panic in the market several times already. Especially in March 2020, when just like now there was a small rise and then a very big fall. By the way, the halving was closer that time and even the bravest bitcoiners succumbed to panic. So it's better for everyone when bitcoin is rising.

[GeorgeJohn]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Even if Bitcoin drops to $10k  I still think it is pretty good.  Since the Bitcoin market is known as highly volatile, it is not a surprise if Bitcoin price goes down heavily.  When the price drop, it is good to accumulate more, just ignore those people who have a negative reaction to the price drop, they won't give you a profit anyway.  Besides what is is to fear when the Bitcoin price history records how Bitcoin is able to recover everytime it is heavily dumped.

It's the people or a new investor who doesn't know how bitcoin price works, from my understanding of bitcoin the price value of bitcoin always changes and their is a way the price will fall even the upcoming investors will be scared of investing in bitcoin, so I know quite well that bitcoin investment have to do with advantages and disadvantages from my understanding, so any investors does not been discouraged whenever the price of bitcoin crashed because his or her already knows that bitcoin falling is at advantages of investors who wants to purchase more of bitcoin and same thing is applicable for someone who has invested for long time and the market of bitcoin get increased, so in cryptocurrency investment their is every tendency that price increases and it will become advantages to the investors and it may also decrease and it becomes disadvantages for investors as well, the main target of any investor is to propagate.

[Smartvirus]

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin.

How is that any reasonable expectation on…
That an expectation of a halving to account for a price drop? The opposite is usually the case and what should be expected. Halving counts towards reduction of block reward to miners, Bitcoin investors tend to hoard at this time by hodling on wallets in airgapped device and many other means to hodling, hodling leads to scarcity and scarcity leads to buy pressure on bitcoin. That becomes relative to altcoins as well so,
How should we expect a price drop again…?

But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Yeah. The idea would be a price drop to open up a buying opportunity but people always anticipate for further dumps and tends to wait but what happens, price pushes back up and in there continued anticipation on further dumps, they miss what they had been waiting on.
That’s why, yo DCA when you have the funds to invest is always a more acceptable option.

[_BlackStar]

-snip-

The fall has created a serious panic in the market several times already. Especially in March 2020, when just like now there was a small rise and then a very big fall. By the way, the halving was closer that time and even the bravest bitcoiners succumbed to panic. So it's better for everyone when bitcoin is rising.

This should be true - so this is not just optimism.
The halving could dictate something in particular regarding a possible increase in coin demand - but until then, prepare your portfolio.

There's a good chance of expecting a return from a bitcoin investment - but the best advice is about long-term planning. I believe the halving could drive more demand so it will affect prices, not to mention if there is FOMO.

[irhact]

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Many individual makes their decision based on the influence of what the  public is saying, when there's a dip in Bitcoin prices and they go online to see people saying more dips will follow, they begin to have FUD and not invest in Bitcoin. When Bitcoin halving is done, we'll still have many individual that'll be waiting for the market to dip again before they buy. If Bitcoin falls to $20,000 many individual that said they'll buy when that happens will still not buy because of fear.

I don't think we should wait anymore because Bitcoin has fallen to a very low price and now is the right time for we to start buying Bitcoin in preparation for the halving and next bull market that's coming. If we keep waiting, it might become too late by the time we start buying.

[Mr.suevie]

But why are you afraid and don't want bitcoin to fall to 25k$? I think it's good for us, it doesn't do us any harm. Not that most of us would say we would buy more if prices fell more and that was actually an opportunity. I don't want to predict what will happen next but if it drops again, I think a lot of people will be happier because they say they will buy more bitcoin. As for me, the short-term price doesn't make much sense and I don't care too much about it, what I'm waiting for is after the halving happens.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

Yeah people are always scared of the dip but the truth is that it's actually a time to buy especially when the halving and the proposed bull run is this close because for me I think that's the only opportunity that one would actually get to buy for the closing period before the bull starts pumping. But many investor don't actually have that mind to even buy and many prefer selling off even the little that they have saved.

[Abiky]

Even if Bitcoin drops to $10k  I still think it is pretty good.  Since the Bitcoin market is known as highly volatile, it is not a surprise if Bitcoin price goes down heavily.  When the price drop, it is good to accumulate more, just ignore those people who have a negative reaction to the price drop, they won't give you a profit anyway.  Besides what is is to fear when the Bitcoin price history records how Bitcoin is able to recover everytime it is heavily dumped.

Everybody wants BTC market prices to rise to turn a profit. The panic begins once prices go all the way down the drain in an instant. Most people sell their BTC holdings due to FUD, while a small few keep buying and holding the cryptocurrency no matter what.

I wouldn't worry that much about BTC's price, especially when Fiat is bound to collapse soon. With deflation "baked" into the protocol, it's likely BTC will reach new ATHs for the forseeable future. Who knows if someday Bitcoin goes as far as $1m? Just my thoughts

[lombok]

~snip~

The points made by the OP are very relevant to the price increase that BTC is making.

There are a lot of people who are waiting for the Bitcoin halving next year, so it would be very reasonable to expect a price drop if there is an intention from many people to buy more Bitcoin. But personally, I just don't want to see more price drops in Bitcoin because some people only talk about wanting to buy more Bitcoin when the price drops, but in reality there are still people who are afraid to buy when they see another price drop in Bitcoin. But if it's only a drop of $25K, that's still pretty good because it's not too different from the current price.

The BTC Halving hype has started to spread, and maybe we will see FOMO caused by the halving which makes the BTC price rise. And usually after the halving BTC will experience a decline before continuing the bullrun. Profit will be on the side of people who dare to make purchases during this bearish period. If there are doubts and fear that prices could fall further, why don't we buy with a little money first.

[Tony116]

-snip

I don't think we should wait anymore because Bitcoin has fallen to a very low price and now is the right time for we to start buying Bitcoin in preparation for the halving and next bull market that's coming. If we keep waiting, it might become too late by the time we start buying.

It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.

[South Park]

-snip

I don't think we should wait anymore because Bitcoin has fallen to a very low price and now is the right time for we to start buying Bitcoin in preparation for the halving and next bull market that's coming. If we keep waiting, it might become too late by the time we start buying.

It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.

While it is understandable that people want to buy at the bottom as in this way they will get more bitcoin for their fiat, at the same time there needs to be some sort of limit as the bottom only last for a few hours and at most for a few days, so unless someone can take advantage of that window of opportunity then most likely they will have to buy at a price higher than the bottom, but this is not really a big deal as if you are willing to hold your coins for the long term then it does not matter much if you bought at 15k or at 20k.

[cryptomaniac_xxx]

-snip

I don't think we should wait anymore because Bitcoin has fallen to a very low price and now is the right time for we to start buying Bitcoin in preparation for the halving and next bull market that's coming. If we keep waiting, it might become too late by the time we start buying.

It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.

For me we have reach the bottom already, last year during the news about the FTX collapse, the price goes down to $15k. So I think this could be the bottom for this bear market already and we won't see the price going to like $12k as others predicted. It's good though if we are going to get to that price as we can accumulate more, but the chances are getting slimmer as we are now approaching the last 3 months of the year and the price is still moving sideways.

And after this, we have the block halving that is the catalyst for the bull run that we all have been expecting next. So no more bottom price for us (at least this is how I see it, but we should go and continue to accumulate more and be ready for the next phase, and ultimately, a new all time high in the 6 digit price range.

[taufik123]

For me we have reach the bottom already, last year during the news about the FTX collapse, the price goes down to $15k. So I think this could be the bottom for this bear market already and we won't see the price going to like $12k as others predicted. It's good though if we are going to get to that price as we can accumulate more, but the chances are getting slimmer as we are now approaching the last 3 months of the year and the price is still moving sideways.
-snip-

Support $15k has indeed become the strongest support for now and if you expect to fall below that price it is still quite difficult, but if that support is broken, the market will step into the next bear market.

But let's see, the bitcoin market is sideway and tends to stay at $26k-$27k, and on the 1 Week Time Frame it is already in the Flip trend position which means Bitcoin has the opportunity to break the resistance at $29.5k and enter the Uptrend Console market.


Hopefully, in October there will be a significant enough increase to break resistance after resistance.
When Bitcoin has broken the $30k price, this will be an opportunity to be bullish and stay above $30k to welcome Halving next year.

Of course, this must also be supported by good and positive fundamentals. 

[Abiky]

It's impossible to know where bitcoin's bottom will be during this bear season, but we're probably so close to the bottom that waiting and not buying now is a really bad idea. Those who are still waiting for lower prices to buy will have to buy at higher prices because their greed is too great.
Furthermore, they will also be the ones who miss the opportunity to take profits during the bull season because they always want to buy at the lowest price and sell at the highest price. But they don't know that no one can know where is the bottom and what will be the highest price until everything passes.

We can never tell for sure when Bitcoin will "hit the bottom". That's because the crypto market is widely unpredictable. Too much volatility = too much risk. If you get in now, it's likely prices will further decline due to "bearish pressure". Or the opposite could happen where BTC goes all the way to the moon in an instant.

Regardless of what happens with Bitcoin's price in the future, I know for certain that the cryptocurrency won't be going anywhere soon. That's because of its tried-and-tested Blockchain network with decentralization in mind. If BTC got this far, it's likely it will last for generations. Just use it as a currency and forget about the rest.