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Author Topic: Cause of bitcoin price pump!!!  (Read 12568 times)


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Cause of bitcoin price pump!!!
« on: February 03, 2021, 05:57:27 AM »

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Re: Cause of bitcoin price pump!!!
« Reply #1 on: February 03, 2021, 07:04:27 AM »
Well I think the reason for the sudden pump of bitcoin is that more investors got to join the crypto world, day by day more people are getting to know about cryptocurrencies and the benefits of Investing with thereby putting funds to it, I think this is the more reason for the pump of bitcoin and also I think the halving which took part in 2020 has an effect on crypto and this is the outcome.

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Re: Cause of bitcoin price pump!!!
« Reply #2 on: February 03, 2021, 10:21:00 AM »
For the past few months now bitcoin have been pumping and I don't know the reason behind the pump pls I will like to know the possible reason behinde bitcoin pump and will it still continue to pump or we should expect a retrace or a dump!!!

I think it is a little dishonest from you to claim that you are not aware about bitcoins rise in price in value because for over a month; it was glaring that there were several institutional investors investing in bitcoin; building hype and fomo until the bull run occured. Ofcouse there can be a retrace and a dump; but it doesn;t discredit bitcoin rise in price

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Re: Cause of bitcoin price pump!!!
« Reply #3 on: February 07, 2021, 04:42:57 AM »
I think the reason is most of the companies are supporting bitcoin and many billionaires are also supporting bitcoin so this could be the reason why bitcoin is going up and other thing is bitcoin halving.

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Re: Cause of bitcoin price pump!!!
« Reply #4 on: February 07, 2021, 08:16:14 PM »
The main reason for the bitcoin pump in the past months is due to institutional money coming into the space, alot of big companies have started investing in crypto currency and their coin of choice is bitcoin, this is the main reason why bitcoin has has been pumping hard in the couple of months now.
And to answer your second question, yes, we should all expect a major correction soon.
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Re: Cause of bitcoin price pump!!!
« Reply #5 on: February 07, 2021, 11:54:47 PM »
Bitcoin prices have risen a lot.  We do not know the exact reason for this increase.  However, at present the price of Bitcoin has gone down a bit again. Actually, we are just seeing the market.  But I don't know the exact reason for the rise and fall. If we know the exact reason why the price of Bitcoin rises and falls, then we can know something about the market.
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Re: Cause of bitcoin price pump!!!
« Reply #6 on: February 08, 2021, 06:05:26 AM »
There are many reasons behind the rise of Bitcoin. It is seen that many big companies have started accepting Bitcoin transactions. And is Bitcoin likely to be halving again by 2024. So it can be said that the price of Bitcoin will definitely pump up a lot.
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Re: Cause of bitcoin price pump!!!
« Reply #6 on: February 08, 2021, 06:05:26 AM »


Offline krypto4uvak

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Re: Cause of bitcoin price pump!!!
« Reply #7 on: February 08, 2021, 06:12:46 AM »
I think the reason for the rise in Bitcoin is that it has become too popular with ordinary people. And I refuse to rollback, but if it is not so big.
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Re: Cause of bitcoin price pump!!!
« Reply #8 on: February 08, 2021, 10:17:25 AM »
The reason why the price of Bitcoin is increasing now is that more and more investors are investing in Bitcoin. Because they understand that Bitcoin is an international currency, so the price of Bitcoin will increase further, so they are buying and holding. The more you invest in a coin, the higher the coin price. I think bitcoin price must increasing in front of.
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Re: Cause of bitcoin price pump!!!
« Reply #9 on: February 08, 2021, 10:31:25 AM »
The reason why the price of Bitcoin is rising is really a little difficult to analyze. Because No one can say when the value of bitcoin will increase and when the value of bitcoin will decrease. Because no one usually interferes in the control of cryptocurrency.However, one of the reasons for the recent rise in the price of Bitcoin may be the current market demand. In other words, the price of Bitcoin is increasing due to the high demand.
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Offline Mahindra

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Re: Cause of bitcoin price pump!!!
« Reply #10 on: February 08, 2021, 03:30:45 PM »
At present, the price of science has risen again in the cryptocurrency market. The price of bitcoin is rising very fast now. I think the price of bitcoin will exceed 50 thousand dollars in a few days. So everyone has noticed that the price of bitcoin is going to pump again in the market.
Mahindra

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Re: Cause of bitcoin price pump!!!
« Reply #11 on: February 08, 2021, 03:59:45 PM »
You're right I agree with you Bitcoin prices have started to pump up over the last few months. However, the price of Bitcoin has risen to its highest level today. There are many reasons behind the increase in the price of Bitcoin. The main reason is the growing popularity of Bitcoin. Then the number of Bitcoin investors. Bitcoin prices are rising as demand for bitcoin grows around the world.
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Offline satpol_PP

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Re: Cause of bitcoin price pump!!!
« Reply #12 on: February 08, 2021, 04:03:08 PM »
I think the reason is most of the companies are supporting bitcoin and many billionaires are also supporting bitcoin so this could be the reason why bitcoin is going up and other thing is bitcoin halving.

Yes , I agree . I think several companies have supported and invested in bitcoin, I think It is the reason why bitcoin price was pump. I also see several people already invested in bitcoin because pandemic covid 19

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Re: Cause of bitcoin price pump!!!
« Reply #13 on: February 08, 2021, 04:05:21 PM »
Current Bitcoin prices have risen sharply.  They are the only investors working to increase the price of Bitcoin.  Bitcoin's price has risen dramatically. The current price of Bitcoin is the highest ever recorded in Bitcoin's life.

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Re: Cause of bitcoin price pump!!!
« Reply #14 on: February 08, 2021, 04:34:26 PM »
The rapid growth of bitcoin is due not only to investments in it by large institutional investors, but also to a favorable news background. Today the price of bitcoin rose above $44,000 just on rumors of a bitcoin purchase by Tesla. 
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