Why Is Bitcoin Price Increasing?

[irhact]

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.

You can buy Bitcoin at the bottom if you have your buy order already set before the market dips to that price. Don't hold your fiats and be monitoring the market because you can't buy the bottom that way as you saint that the bottom don't last long but when you deposit your fiats to the exchange and set your buy order to the price range that you believe will be the bottom, when bitcoin price reach that price, the exchange will automatically buy some Bitcoin for you.

Many individuals want to buy at the bottom because they want to get more quantity of Bitcoin and using automatic buy options can get them that. I don't mind buying Bitcoin at any price that isn't the all time high because I know when Bitcoin returns to the all time high, I can sell my Bitcoin and make profits.

[$crypto$]

You can buy Bitcoin at the bottom if you have your buy order already set before the market dips to that price. Don't hold your fiats and be monitoring the market because you can't buy the bottom that way as you saint that the bottom don't last long but when you deposit your fiats to the exchange and set your buy order to the price range that you believe will be the bottom, when bitcoin price reach that price, the exchange will automatically buy some Bitcoin for you.

Many individuals want to buy at the bottom because they want to get more quantity of Bitcoin and using automatic buy options can get them that. I don't mind buying Bitcoin at any price that isn't the all time high because I know when Bitcoin returns to the all time high, I can sell my Bitcoin and make profits.

If you can place a buy order automatically at a certain price, why not do it? I think it would be much more difficult to buy manually when the price drops.
But my way is not like this, I just tell how finances are available by means of DCA regardless of the price, I will still buy whether it goes up or down because I will not think too much and it will not be complicated to accumulate by means of DCA.

Many buy at the usual lower price they have prepared so much fiat then by buying at once this of course gets as much btc as possible that is bought, well this method is not all capable but while with DCA we can do it even though it is with a little money put into bitcoin.

[JohnBitCo]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

[adultcrypto]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

Bitcoin have been in a range for a long time now and it will not continue like that forever. The rise we are seeing now might just be the forces of demand and supply which is entirely market driven. Although we are expecting many developments that will bring in the volatility needed for Bitcoin to rise more rapidly.

I don't see the recent increase as something that will last, it can just be a minor reaction. The direction of Bitcoin will become clearing soon especially when it has moved out of the current range.

[Minecache]

You can buy Bitcoin at the bottom if you have your buy order already set before the market dips to that price. Don't hold your fiats and be monitoring the market because you can't buy the bottom that way as you saint that the bottom don't last long but when you deposit your fiats to the exchange and set your buy order to the price range that you believe will be the bottom, when bitcoin price reach that price, the exchange will automatically buy some Bitcoin for you.

Many individuals want to buy at the bottom because they want to get more quantity of Bitcoin and using automatic buy options can get them that. I don't mind buying Bitcoin at any price that isn't the all time high because I know when Bitcoin returns to the all time high, I can sell my Bitcoin and make profits.

If you can place a buy order automatically at a certain price, why not do it? I think it would be much more difficult to buy manually when the price drops.
But my way is not like this, I just tell how finances are available by means of DCA regardless of the price, I will still buy whether it goes up or down because I will not think too much and it will not be complicated to accumulate by means of DCA.

Many buy at the usual lower price they have prepared so much fiat then by buying at once this of course gets as much btc as possible that is bought, well this method is not all capable but while with DCA we can do it even though it is with a little money put into bitcoin.

But what if the price does not decrease to the level we ordered? Therefore, whether ordering automatically or manually, we cannot be sure to buy bitcoin at the lowest price. Bitcoin is unpredictable, so waiting and placing a buy order at the lowest price is ineffective. I like your way better and I'm doing the same, I prefer DCA rather than having to predict and wait to buy at a lower price in uncertainty. If we want to not miss the bottom, then other than the DCA strategy, I don't think anyone will be able to analyze where is the bottom and where is the highest peak of bitcoin.

[348Judah]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing.

Volatility is a usually thing, the market prices rises and fall at the same view, but we need to learn more in having the understanding of how it works, when and for how long, because in knowing this, lies the ability for us to know when to enter or exit the market whenever we are planning for an investment.

This is the best time to sell Bitcoin and when it will go down so buy Bitcoin.

This isn't the best time to sell, remember we are far from the all time high of $68,000, you cannot expect someone who had invested while during this period to sell now, we are still in the bear market, except you've already bought some coins when the market dips down below $26,000 and wanted to sell close to $28,000 now, if not, we must realize that we are still in the bear market uptill now and it's more advantaged to hodl.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

October is a month believed to be for more bull than bear, there's more indications that there will be more of rising than falling in this present month of October.

[Texac]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

I would consider this the worst decision or advice this year.  we are 2 years into bear season and it is almost over and there is no reason for us to sell our bitcoins now.  moreover, what do you rely on to be confident that bitcoin will fall again to buy bitcoin?  if you sell it now and the price doesn't decrease but continues to rise, what will you do? Would you sell bitcoin for $27k and buy it for $30k?

Yes, no one can predict what prices will be like in October, but there's also nothing to say prices will drop.  the idea of selling now is a bad idea if you are only selling out of fear and not because you need the money for an emergency.

[Pierre 2]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

I would consider this the worst decision or advice this year.  we are 2 years into bear season and it is almost over and there is no reason for us to sell our bitcoins now.  moreover, what do you rely on to be confident that bitcoin will fall again to buy bitcoin?  if you sell it now and the price doesn't decrease but continues to rise, what will you do? Would you sell bitcoin for $27k and buy it for $30k?

Yes, no one can predict what prices will be like in October, but there's also nothing to say prices will drop.  the idea of selling now is a bad idea if you are only selling out of fear and not because you need the money for an emergency.

I think he may be suggesting it can better to sell now for buyback later at lower prices. Some people (including me) like this method to maximize our profits. But I would agree that its very risky as you describe, selling at 28k may mean buyback at 30-35k later. But still I think October is never better bitcoin month historically. I feel like bitcoin price will only increase when fed will start to ease its monetary policies. So we need to wait some more month(s). Next year will be much better than 2023.

[tygeade]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

I would consider this the worst decision or advice this year.  we are 2 years into bear season and it is almost over and there is no reason for us to sell our bitcoins now.  moreover, what do you rely on to be confident that bitcoin will fall again to buy bitcoin?  if you sell it now and the price doesn't decrease but continues to rise, what will you do? Would you sell bitcoin for $27k and buy it for $30k?

Yes, no one can predict what prices will be like in October, but there's also nothing to say prices will drop.  the idea of selling now is a bad idea if you are only selling out of fear and not because you need the money for an emergency.

That is true, I mean not him you. This is by far the worst advice and the price will only go up, we are getting closer to halving as well so it should be important. I get that it may not be all that simple but we should try out best to make sure that we are holding. It will end up with us making as much profit as we possibly could and that is only done by holding as long as possible.

This is why selling right now is a terrible advice and nobody should listen to it, it doesn't make sense at all. I get that we are going to end up with something that will hurt on the long run, but it is not going to be easy to make a gigantic profit, so the waiting period could be hurting some people but it should not be all that important at all.

[Poker Player]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

I would consider this the worst decision or advice this year...

I think he may be suggesting it can better to sell now for buyback later at lower prices.--

I agree with Texac. This is the worst advice I have seen on this forum so far this year. Not only is it bad advice in general to try to time the market, but to do it now is even worse. No one can know if the price is going to go back down although at the point we are at it would make more sense for it to go up gradually.

The best thing to do is to invest in Bitcoin for the long term and forget about these movements. If you sell and see that the price does not stop rising, what are you going to do? Buy more expensive? It is better to DCA.

[DanWalker]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

I would consider this the worst decision or advice this year.  we are 2 years into bear season and it is almost over and there is no reason for us to sell our bitcoins now.  moreover, what do you rely on to be confident that bitcoin will fall again to buy bitcoin?  if you sell it now and the price doesn't decrease but continues to rise, what will you do? Would you sell bitcoin for $27k and buy it for $30k?

Yes, no one can predict what prices will be like in October, but there's also nothing to say prices will drop.  the idea of selling now is a bad idea if you are only selling out of fear and not because you need the money for an emergency.

I think he may be suggesting it can better to sell now for buyback later at lower prices. Some people (including me) like this method to maximize our profits. But I would agree that its very risky as you describe, selling at 28k may mean buyback at 30-35k later. But still I think October is never better bitcoin month historically. I feel like bitcoin price will only increase when fed will start to ease its monetary policies. So we need to wait some more month(s). Next year will be much better than 2023.

My prediction is that there will still be some correction and the price could return to $25k before the halving, but I also disagree with the idea of selling now and waiting to buy back when the price drops. After all, we are all just making predictions and nothing is certain because we all know bitcoin is unpredictable.

I believe we have bottomed out for this bear and the halving is approaching so we won't have another big drop. So buying bitcoin at $28k or $30k or $25k won't make much of a difference if our goal is to only sell when bitcoin makes a new ATH. Don't trade too much risk for a little profit, think about what will happen if we sell now and the price doesn't drop as we expected?

[CageMabok]

Bitcoin have been in a range for a long time now and it will not continue like that forever. The rise we are seeing now might just be the forces of demand and supply which is entirely market driven. Although we are expecting many developments that will bring in the volatility needed for Bitcoin to rise more rapidly.

I don't see the recent increase as something that will last, it can just be a minor reaction. The direction of Bitcoin will become clearing soon especially when it has moved out of the current range.

I also have an opinion that is almost the same as what you said, because the influence and encouragement of the forces of demand and supply still exist in Bitcoin so that increases and decreases are still occurring at a smaller rate in the price of Bitcoin at this time. Such small reactions may continue to occur if there is nothing new and could lead to more people entering the Bitcoin market which could help the price move past the current price range in Bitcoin.

[bayu7adi]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

Which aspect of the Bitcoin system are you referring to? Fluctuating prices have no direct correlation with the Bitcoin system. It's one of the current characteristics of Bitcoin, often referred to as market volatility.

So, when others are buying Bitcoin, you're recommending selling it? Your decision might seem sound when you have an instinct that October will bring bearish trends. However, DCA will persist until news of the next ATH arrives, which is when the optimal selling opportunity may arise. $27k is still a bargain for the current Bitcoin price, as it's quite feasible to reach $30k or even $40k when the bullish trend kicks in.

[lixer]

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.

One can't really forget about the rest even if they are using it only as a currency because you will surely be worried if you see that your wealth is decreasing over time because that is what happens when Bitcoin's price starts going down, if you have $20,000 worth of Bitcoins when its priced $30,000, you will have $10,000 if it drops to $15,000 and that is obviously something to be worried about if you are using your Bitcoins as a currency.

So, volatility will always affect you whether you are using Bitcoin for an investment or as a currency for paying for goods and services in the real world, and one can't be tension-free as long as Bitcoin is going down, they might be able to forget about it if it continues to go up but that won't happen forever.

[AakZaki]

One can't really forget about the rest even if they are using it only as a currency because you will surely be worried if you see that your wealth is decreasing over time because that is what happens when Bitcoin's price starts going down, if you have $20,000 worth of Bitcoins when its priced $30,000, you will have $10,000 if it drops to $15,000 and that is obviously something to be worried about if you are using your Bitcoins as a currency.

So, volatility will always affect you whether you are using Bitcoin for an investment or as a currency for paying for goods and services in the real world, and one can't be tension-free as long as Bitcoin is going down, they might be able to forget about it if it continues to go up but that won't happen forever.

It would be an exception to continue to assume that adoption actually requires thinking about extreme price fluctuations. Bitcoin = Bitcoin and its price fluctuations are a reason that bitcoin is superior to anything else. Seeing the risks, of course the government implementing the adoption has thought about it. To become a global currency at this time will indeed be difficult because of unclear regulations regarding Bitcoin. But as an investment tool it will be very good with price fluctuations which can provide benefits for those who understand market conditions and can take advantage of them.

[Abiky]

You can buy Bitcoin at the bottom if you have your buy order already set before the market dips to that price. Don't hold your fiats and be monitoring the market because you can't buy the bottom that way as you saint that the bottom don't last long but when you deposit your fiats to the exchange and set your buy order to the price range that you believe will be the bottom, when bitcoin price reach that price, the exchange will automatically buy some Bitcoin for you.

Many individuals want to buy at the bottom because they want to get more quantity of Bitcoin and using automatic buy options can get them that. I don't mind buying Bitcoin at any price that isn't the all time high because I know when Bitcoin returns to the all time high, I can sell my Bitcoin and make profits.

Exactly. You can automatically buy Bitcoin at a low price in a centralized crypto exchange. There's nothing stopping you from doing it. The reason why many people hesitate to get into Bitcoin now is because they believe prices will keep going all the way down the drain. If you buy now and prices decline, you will lose a substantial amount of your investment in the short-term. Long-term speaking, you should be able to make huge returns with every bull market.

What you do with your money is entirely up to you. Knowing that Bitcoin was designed as a deflationary cryptocurrency, it's likely its value will continue to increase over time. I'd suggest you take advantage of the current bear market to buy Bitcoin at a hugely-discounted price. Once it hits a new ATH, you'll never be able to buy at these low prices ever again. Play your cards right, and who knows? Maybe you'll become the next "Bitcoin millionaire".

[yudi09]

This is a system of Bitcoin. The Bitcoin prices go up and down, that is not a unique thing. This is the best time to sell Bitcoin and when it will go down so buy Bitcoin. This is the system of Bitcoin and cryptocurrencies.

Maybe the cycle of a normal market that you want to say related to up and down prices of Bitcoin and other coins.
Buy a good thing to do when your analysis concludes that price opportunities will increase for some time ahead. Now it is still in good condition to buy because the opportunity for Bitcoin prices will increase large.

Anyway, Bitcoin prices are like a peak of mountains. Let's see that Bitcoin price goes down in October or not. 

Do not wait for an increase in October because if it does not happen, the opportunity to buy will be missed, but look forward to an increase in other months and in other years. This month the signal is still good for buying.

[danherbias07]

Years ago, we were looking forward to the "Ber" months because that is where Bitcoin is mostly pumped. The reason? Hmm, maybe because the Christmas bonuses that are being given to each employee are being invested in it. Possibly. I did that before.
Now, the big reason behind the slow increase of Bitcoin is the Spot ETF. After Grayscale won its case against the SEC for the application of the Bitcoin Spot ETF it gained a lot of attraction from investors.
Read here for more details.
https://www.coindesk.com/markets/2023/09/04/grayscales-legal-win-versus-sec-makes-spot-bitcoin-etf-approval-more-likely-jpmorgan/
The increase in value might be slow but it's better than what happened before when Elon Musk bought a lot of Bitcoin and then sold it back. That's not a healthy pump, it's more like shaking the market only and then putting it back with the correction.
IMO, this might be the time to buy and if ever I get funds I want to take advantage of the opportunity while it's still not that expensive.

[danadc]

The price of bitcoin may be increasing for many reasons , the main one being that people realized that fiat money falls at any time , bitcoin maintains its value, it does not matter if it drops in price but rather if it appreciates later and much more , that is what bitcoin can offer, it is said that bitcoin is increasing due to the war that is taking place with Israel due to the effects of the world economy, especially that of the USA , all this has its positive effect In bitcoin conditions, there are some investors who can invest more in bitcoin because they see bitcoin as a very particular way of having money with the option to multiply over time.

[South Park]

The price of bitcoin may be increasing for many reasons , the main one being that people realized that fiat money falls at any time , bitcoin maintains its value, it does not matter if it drops in price but rather if it appreciates later and much more , that is what bitcoin can offer, it is said that bitcoin is increasing due to the war that is taking place with Israel due to the effects of the world economy, especially that of the USA , all this has its positive effect In bitcoin conditions, there are some investors who can invest more in bitcoin because they see bitcoin as a very particular way of having money with the option to multiply over time.

The reasons which could explain why the price of bitcoin has presented a small increase are simply to numerous, besides the increase we have seen recently does not really indicate some major change in the way the majority of the people think about bitcoin, so I am more inclined to think that this is simply the result of long term holders buying all the bitcoin they can, and the number of weak hands reducing to the point the demand outstrips the supply and this is causing a price increase.