Epaper
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December 08, 2023, 12:40:23 PM |
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In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.
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Davian144
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December 08, 2023, 02:36:23 PM |
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In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.
This could be very possible because buyers in large numbers at this time must have also entered the market to buy Bitcoin and their involvement is very undoubted. Because the increase in the last two months can be said to be significant and there is also an influence from people who have a lot of capital to put it into Bitcoin before next year. It could also be said that there is encouragement from large institutions because perhaps they have seen the good news for Bitcoin so they are trying to take advantage of this moment quite well.
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jaberwock
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December 09, 2023, 01:24:26 PM |
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In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.
This could be very possible because buyers in large numbers at this time must have also entered the market to buy Bitcoin and their involvement is very undoubted. Because the increase in the last two months can be said to be significant and there is also an influence from people who have a lot of capital to put it into Bitcoin before next year. It could also be said that there is encouragement from large institutions because perhaps they have seen the good news for Bitcoin so they are trying to take advantage of this moment quite well. I think there are good news from those companies because they did invested into bitcoin and they want us to invest into bitcoin as well so they are promoting it. Like all those grayscale type of companies (and blackrock to a point) will always promote bitcoin because they know that the higher the price goes the more they are going to profit and in order for that to happen they need to have a lot of people buying bitcoin. This is why they keep saying that they need to end up doing something like marketing on behalf of bitcoin, it's not their duty and they do not have to do it, it's not like it's their job to do something like that or they weren't hired to do that but in the end they would profit from bitcoin going up so they do it.
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bangjoe
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December 09, 2023, 02:13:15 PM |
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In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.
This could be very possible because buyers in large numbers at this time must have also entered the market to buy Bitcoin and their involvement is very undoubted. Because the increase in the last two months can be said to be significant and there is also an influence from people who have a lot of capital to put it into Bitcoin before next year. It could also be said that there is encouragement from large institutions because perhaps they have seen the good news for Bitcoin so they are trying to take advantage of this moment quite well. I think there are good news from those companies because they did invested into bitcoin and they want us to invest into bitcoin as well so they are promoting it. Like all those grayscale type of companies (and blackrock to a point) will always promote bitcoin because they know that the higher the price goes the more they are going to profit and in order for that to happen they need to have a lot of people buying bitcoin. This is why they keep saying that they need to end up doing something like marketing on behalf of bitcoin, it's not their duty and they do not have to do it, it's not like it's their job to do something like that or they weren't hired to do that but in the end they would profit from bitcoin going up so they do it. We know that the current cycle is different than the previous one, because institutional investors are starting to become bitcoin savvy, and maybe they are already aware of crypto technology, and indirectly that the crypto industry has a bright future ahead to get wider technology adoption. Yes in such a scenario it could happen, but I want to question where they get the profit from the formation of the bitcoin ETF? is it from transaction fees that are done or what? I am still hesitant in this case about traditional exchanges that want to market bitcoin on their platform with their ETF products.
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Unbunplease
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December 09, 2023, 02:55:08 PM |
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If we look at ETFs, I think the big players have long known the likely adoption dates and have been buying them at lower prices. However, news of adoption will definitely drive prices up. And it won't take long for halving of bitcoin. As usually, we will have good spring 2024 and no good summer 2024
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Benedictare
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December 12, 2023, 02:42:48 PM |
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Bitcoin increases very quickly in price within the weekend, before it finally broke through the serious relating barrier of $41k on Monday morning. Bitcoin has been on a direct upward curved path since October, when it broke through the $35k Mark for the first time since 2022, which come with Bitcoin 's total gains for 2023 to more than 154% based on the Monday high over $42k with a more than 5% gain over the last we hours. Bitcoin now has gotten back its original ground which it lost over the years and a half since Terra's Luna coin crash.
The happening bullish attitude In Bitcoin begins from a wave of optimism around that might exist, that the Fed would have gotten to its end of tightening cycle with interest rate, which made a lot of Fed officials echo the chance that interest rate must have reached its peak and might be coming down last week,which gave investors hope towards the present era of tightening money by the higher federal funds rate which is arranged by the federal reserve that is the bank spends huge amount of money to borrow which will now tighten the monetary supply all over the economy.
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Davian144
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December 12, 2023, 05:28:29 PM |
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I think there are good news from those companies because they did invested into bitcoin and they want us to invest into bitcoin as well so they are promoting it. Like all those grayscale type of companies (and blackrock to a point) will always promote bitcoin because they know that the higher the price goes the more they are going to profit and in order for that to happen they need to have a lot of people buying bitcoin.
Indeed, there is more enthusiasm among most people when they see the significant price increase in Bitcoin over the last two months, so it is also quite natural that there are many new companies and people who promote Bitcoin after seeing the increasing price increase for Bitcoin. And I'm also sure that right now there are many people who want to take advantage of this small correction moment for maximum profits next year when there is another price increase. This is why they keep saying that they need to end up doing something like marketing on behalf of bitcoin, it's not their duty and they do not have to do it, it's not like it's their job to do something like that or they weren't hired to do that but in the end they would profit from bitcoin going up so they do it.
We also need to look at this from various other angles, as most people are always happy to do things like that without being hired by certain parties. Because when important people who are trusted by many people start promoting Bitcoin at the end of this year, of course there will be many people who want to follow suit and they can also benefit together when the price of Bitcoin continues to increase in the market.
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mv1986
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December 13, 2023, 05:04:47 PM |
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We know that the current cycle is different than the previous one, because institutional investors are starting to become bitcoin savvy, and maybe they are already aware of crypto technology, and indirectly that the crypto industry has a bright future ahead to get wider technology adoption.
Yes in such a scenario it could happen, but I want to question where they get the profit from the formation of the bitcoin ETF? is it from transaction fees that are done or what? I am still hesitant in this case about traditional exchanges that want to market bitcoin on their platform with their ETF products.
In essence the cycles are very similar while the ingredients that keep those cycles running and recurring change in composition over time. You mentioned the institutional investors and that is certainly one reason why Bitcoin went places in the last few years. But we can't really know whether some of the institutional investors have been investing into Bitcoin for a long time now. They might not have announced it publicly because they first wanted to grow their holdings without sparking excitement and miss out on favorable prices, but it's possible that they have been stacking up for a long time now and just now begin to make a case for Bitcoin. Don't underestimate the big players here, they know very well that Bitcoin is a must have of any reasonably composed and diversified portfolio.
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bangjoe
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December 13, 2023, 05:20:34 PM |
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We know that the current cycle is different than the previous one, because institutional investors are starting to become bitcoin savvy, and maybe they are already aware of crypto technology, and indirectly that the crypto industry has a bright future ahead to get wider technology adoption.
Yes in such a scenario it could happen, but I want to question where they get the profit from the formation of the bitcoin ETF? is it from transaction fees that are done or what? I am still hesitant in this case about traditional exchanges that want to market bitcoin on their platform with their ETF products.
In essence the cycles are very similar while the ingredients that keep those cycles running and recurring change in composition over time. You mentioned the institutional investors and that is certainly one reason why Bitcoin went places in the last few years. But we can't really know whether some of the institutional investors have been investing into Bitcoin for a long time now. They might not have announced it publicly because they first wanted to grow their holdings without sparking excitement and miss out on favorable prices, but it's possible that they have been stacking up for a long time now and just now begin to make a case for Bitcoin. Don't underestimate the big players here, they know very well that Bitcoin is a must have of any reasonably composed and diversified portfolio. From this point of view it sounds logical in the mind, basically we don't know that whether they have been accumulating bitcoin for a long time, but not publicizing that they are accumulating bitcoin to benefit from bitcoin. Previously Larry fink denied about bitcoi but now approves ETF products, this also seems a little strange to me. Yes, if we look at the movement side it is similar to the previous cycle, and indeed the ingredients are always in their composition even though the context has a difference so that bitcoin becomes the center of attention of the global financial world gradually, in a matter of one year also bitcoin is the best asset that has a significant increase and more than 100%, if we collect bitcoin since the beginning of January.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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mv1986
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December 13, 2023, 06:21:19 PM |
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~
From this point of view it sounds logical in the mind, basically we don't know that whether they have been accumulating bitcoin for a long time, but not publicizing that they are accumulating bitcoin to benefit from bitcoin. Previously Larry fink denied about bitcoi but now approves ETF products, this also seems a little strange to me. Yes, if we look at the movement side it is similar to the previous cycle, and indeed the ingredients are always in their composition even though the context has a difference so that bitcoin becomes the center of attention of the global financial world gradually, in a matter of one year also bitcoin is the best asset that has a significant increase and more than 100%, if we collect bitcoin since the beginning of January. This is what I am talking about: Previously Larry fink denied about bitcoi but now approves ETF products... I know that public corporations need to have their balance sheet and people can have a look at them and in some instances they would be able to detect whether digital assets are listed in the balance sheet somewhere, but if Blackrock wanted to build a portfolio without anyone noticing, that is the easiest part for them to hide any digital asset acquisitions. They could set up new companies of all types to hide their holdings in some way. I just don't buy the narrative that many of the institutional investors that turned pro Bitcoin out of a sudden weren't holding any before they made their U-turn. It is not realistic to believe that they all refrained from buying some as a hedge against being wrong. Buffett hasn't and Munger hasn't I guess, but if I had been one of those guys, only for the sake of hedging against me being wrong, I would have taken 100 million USD and bought Bitcoin. I never was fully convinced whether these guy really didn't, but it seems they didn't. For Blackrock 100 million is peanuts and in 17/18 they could have amassed 20k to 30k Bitcoin with that amount.
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fzkto
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December 13, 2023, 06:49:17 PM |
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We know that the current cycle is different than the previous one, because institutional investors are starting to become bitcoin savvy, and maybe they are already aware of crypto technology, and indirectly that the crypto industry has a bright future ahead to get wider technology adoption.
Yes in such a scenario it could happen, but I want to question where they get the profit from the formation of the bitcoin ETF? is it from transaction fees that are done or what? I am still hesitant in this case about traditional exchanges that want to market bitcoin on their platform with their ETF products.
In essence the cycles are very similar while the ingredients that keep those cycles running and recurring change in composition over time. You mentioned the institutional investors and that is certainly one reason why Bitcoin went places in the last few years. But we can't really know whether some of the institutional investors have been investing into Bitcoin for a long time now. They might not have announced it publicly because they first wanted to grow their holdings without sparking excitement and miss out on favorable prices, but it's possible that they have been stacking up for a long time now and just now begin to make a case for Bitcoin. Don't underestimate the big players here, they know very well that Bitcoin is a must have of any reasonably composed and diversified portfolio. I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially.
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Davian144
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December 13, 2023, 09:03:38 PM |
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I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially.
And when the big money from the ETF received circulates into the market, that's when Bitcoin will continue to experience a big spike. Because the circulation of larger amounts of money can also be the main foundation for the push to increase prices in the market, there will be many people who are surprised by the extraordinary achievements in Bitcoin. So everyone just needs to make sure there is more valid evidence for this because many of the big companies in the world have definitely looked at Bitcoin and are trying to have it as their additional investment for now.
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TimeTeller
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December 13, 2023, 10:56:53 PM |
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I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially.
And when the big money from the ETF received circulates into the market, that's when Bitcoin will continue to experience a big spike. Because the circulation of larger amounts of money can also be the main foundation for the push to increase prices in the market, there will be many people who are surprised by the extraordinary achievements in Bitcoin. So everyone just needs to make sure there is more valid evidence for this because many of the big companies in the world have definitely looked at Bitcoin and are trying to have it as their additional investment for now. I believe, it is only a matter of time before these big companies disclose about their bitcoin investments. For sure, some of them are secretly or discreetly buying large amount of bitcoin. As we are heading to the halving period, the sentiments are positive. So high likely that we are on the increasing side. The good thing also is that the supply is fixed with btc, so we are only working on the demand aspect of this market. And as we are seeing here, we are in the positive direction of demand, which means, the price is also on the positive side of things.
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danadc
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December 13, 2023, 11:13:24 PM |
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I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially.
And when the big money from the ETF received circulates into the market, that's when Bitcoin will continue to experience a big spike. Because the circulation of larger amounts of money can also be the main foundation for the push to increase prices in the market, there will be many people who are surprised by the extraordinary achievements in Bitcoin. So everyone just needs to make sure there is more valid evidence for this because many of the big companies in the world have definitely looked at Bitcoin and are trying to have it as their additional investment for now. I believe, it is only a matter of time before these big companies disclose about their bitcoin investments. For sure, some of them are secretly or discreetly buying large amount of bitcoin. As we are heading to the halving period, the sentiments are positive. So high likely that we are on the increasing side. The good thing also is that the supply is fixed with btc, so we are only working on the demand aspect of this market. And as we are seeing here, we are in the positive direction of demand, which means, the price is also on the positive side of things. There are many investors who are always in search of the best Investments, they know that Bitcoin is the exit is the great way that they can generate a lot This , there are no risks that have a lot of patience and trust that the price will Rise , Investors in companies know that the way to follow in any Investment is just to do wel l, there is no other , we know that they can be generated Many ways to make money , and there are no other than it is safer. Institutions have money in Bitcoin for many Years , as well as in El Salvador that the president has been the only Bitcoin without taking Advantage of being looking for Regulations for those who have Bitcoin , Bukele is a great example to Follow.
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mv1986
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December 14, 2023, 03:31:29 PM |
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In essence the cycles are very similar while the ingredients that keep those cycles running and recurring change in composition over time. You mentioned the institutional investors and that is certainly one reason why Bitcoin went places in the last few years. But we can't really know whether some of the institutional investors have been investing into Bitcoin for a long time now. They might not have announced it publicly because they first wanted to grow their holdings without sparking excitement and miss out on favorable prices, but it's possible that they have been stacking up for a long time now and just now begin to make a case for Bitcoin. Don't underestimate the big players here, they know very well that Bitcoin is a must have of any reasonably composed and diversified portfolio.
I don't know anything about institutional investors because the rumours have been around for the last five years. But the cycles and market manipulation have not changed. One thing is clear that the big companies have been around for a long time. If the etf is accepted, the big money will be in the market officially. I think with this sentence you described it perfectly ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) the big money will be in the market officially I am absolutely convinced that institutional/big money has been in the market for a long time now and there was intrinsic and extrinsic pressure for large scale investors to make their move. When Bitcoin went towards 70k, I think that was the final call for everyone who believed Bitcoin is just a bubble about to pop and vanish. No. And as you said, the time has come now for institutional investors to talk about their stakes in the network publicly.
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bitterguy28
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December 15, 2023, 05:45:12 AM |
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In my opinion, the factor that makes the price of bitcoin increase is because it is driven by retail players, especially in the last few months the price of bitcoin has risen very sharply, driven by institutions that have started to get involved in bitcoin, many big investors have started investing in bitcoin, so it is not surprising that the price of bitcoin continues to increase.
You also forgot to mention about the positive vibes about ETF but the problem now is there are lots of discussion and speculation about this ETF thing and on of those is JP Morgan that says this JPMorgan says ETF optimism is overhyped, and Ether could overshadow Bitcoin in 2024https://fortune.com/crypto/2023/12/14/jpmorgan-ethereum-ether-bitcoin-etf-hype/maybe this is why bitcoin still holding at 40-44k and seems to be fighting to hit 45k .
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Abiky
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December 15, 2023, 04:58:38 PM |
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I believe, it is only a matter of time before these big companies disclose about their bitcoin investments. For sure, some of them are secretly or discreetly buying large amount of bitcoin. As we are heading to the halving period, the sentiments are positive. So high likely that we are on the increasing side. The good thing also is that the supply is fixed with btc, so we are only working on the demand aspect of this market. And as we are seeing here, we are in the positive direction of demand, which means, the price is also on the positive side of things.
The bad thing about big companies buying and holding BTC, is that they will dominate a large portion of the circulating supply. This will bring inequality to the Blockchain. Not only that, but it will make Bitcoin centralized in the long run. With major players like Blackrock, and Fidelity in the game, BTC will finally be "owned" by these corporations and the US government itself. I know people won't care about this if this means market prices will go to the moon. They're missing the bigger picture of why Bitcoin was created in the first place. Remember, it's not about the money but rather the tech. As long as Bitcoin proves to be useful as a decentralized payments system, nothing else matters. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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itorai
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December 15, 2023, 05:07:07 PM |
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I say it's recovering from its prior losses, no thanks to spacex's sale of their bitcoin holdings for some reason. Add to that the fact that the price of bitcoin is slowly recovering from the anticipation of the people to the upcoming halving for next year as we are coming ever closer to 2024, and you get this slow price increase that we're having right now. It's not enough to push the people's hearts into actually investing, but the movements are more than enough to recover the lost confidence from prior months when the bear market came through.
Yes, I think so, indeed people's confidence in the current movement may be enough to restore their confidence when the market is bearish. But I'm still half anticipating what future price increases will bring.
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Doan9269
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December 15, 2023, 05:33:00 PM |
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I say it's recovering from its prior losses, no thanks to spacex's sale of their bitcoin holdings for some reason. Add to that the fact that the price of bitcoin is slowly recovering from the anticipation of the people to the upcoming halving for next year as we are coming ever closer to 2024, and you get this slow price increase that we're having right now. It's not enough to push the people's hearts into actually investing, but the movements are more than enough to recover the lost confidence from prior months when the bear market came through.
Yes, I think so, indeed people's confidence in the current movement may be enough to restore their confidence when the market is bearish. But I'm still half anticipating what future price increases will bring. For now there may not be any reasonable bear that could take us back to anything less than $40,000 till next year halving is completely achieved and we keep moving forward from there onwards, the bitcoin price will always increases because there's always an increase in the bitcoin value, what the people want and appreciate alot will yield an increasing demands and and this alone will cause an increase in price, we should watch out on what next bitcoin all time high may be after this next halving.
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itorai
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December 15, 2023, 05:43:31 PM |
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It's like your saying that whenever the price of Bitcoin surges, yes the demand is higher and when it's down then it's lower.
That's a typical and generic thing that we can say when there's such movement in the market but it is not wrong as well. But there should be a main reason why there's a surge.
Like a news where it always drives the prices up or down depending on what kind of news is that.
Yes, it is true that news often influences bitcoin price movements. For example, when good news appears such as the endorsement of a well-known company, Bitcoin prices tend to rise due to increased investor interest and confidence. On the other hand, bad news such as tight regulations or security problems can cause prices to fall because they cause worry and investors will usually postpone.
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