Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Sim_card on February 27, 2024, 09:14:35 AM
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The highest price of bitcoin that we have seen so far since this circle is 57k+, but currently the price of bitcoin is 56k+. I was surprised to see it yesterday that bitcoin price started pumping to 53k, and before I knew it after some hours bitcoin price reached 57k, before it went back to 56k. I know that the approval of bitcoin ETF is what is causing this surge in price. Also MicroStrategy just bought additional 3000 bitcoin to add to his stash. Or what do you do is causing the pump.
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The highest price of bitcoin that we have seen so far since this circle is 57k+, but currently the price of bitcoin is 56k+. I was surprised to see it yesterday that bitcoin price started pumping to 53k, and before I knew it after some hours bitcoin price reached 57k, before it went back to 56k. I know that the approval of bitcoin ETF is what is causing this surge in price. Also MicroStrategy just bought additional 3000 bitcoin to add to his stash. Or what do you do is causing the pump.
You already said you know it's the approval of bitcoin spot ETF that is causing the pump, and you are still asking us what we think is causing the pump ;D.
I will also like to ask you, what do you think causes bitcoin to pump during a bull run?
It's a question with a very simple Answer, people are buying, that's what is causing the pump, if there was no one buying, the price of bitcoin won't be pumping.
So, grab your balls and watch the price of bitcoin pump even more as we draw nearer to the halving, which is less than 60 days from today if am not mistaken.
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The highest price of bitcoin that we have seen so far since this circle is 57k+, but currently the price of bitcoin is 56k+. I was surprised to see it yesterday that bitcoin price started pumping to 53k, and before I knew it after some hours bitcoin price reached 57k, before it went back to 56k. I know that the approval of bitcoin ETF is what is causing this surge in price. Also MicroStrategy just bought additional 3000 bitcoin to add to his stash. Or what do you do is causing the pump.
Microstrategy seems to be taken away all the bitcoin that is available in circulation, to me it's making Bitcoin to be more centralized entity, how can a single person hold more than 10 billion dollars worth of Bitcoin and people are cool with it? Well, he is bringing adoption but at the same time we need to be careful when he is going to sell this bitcoin. I believe he will say that he is not going to sell but we all know that's false because who doesn't like profit? Absolutely everyone does.
We are not in halving yet and Bitcoin seems to have reach all time high, from the look of this speed of recovery, we may see new all time high than the way Bitcoin used to do in the past 8 years of halving.
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Microstrategy seems to be taken away all the bitcoin that is available in circulation, to me it's making Bitcoin to be more centralized entity, how can a single person hold more than 10 billion dollars worth of Bitcoin and people are cool with it? Well, he is bringing adoption but at the same time we need to be careful when he is going to sell this bitcoin. I believe he will say that he is not going to sell but we all know that's false because who doesn't like profit? Absolutely everyone does.
This is an exaggeration, all Microstrategy owns is about 1% of all Bitcoin in circulation!! Where is the central one?
Michael Saylor is a strong believer and enthusiast of Bitcoin. Even in a bear market when MicroStrategy stock (MSTR) fell by 16%, he remained steadfast in his position and even said that he was ready to sell his personal MSTR shares to buy more Bitcoin.
Now, after this great Bitcoin rise and the rise in MicroStrategy shares, I do not think that he will sell his Bitcoin because this will lead to a decrease in the value of the shares. He can only sell some shares if he wants to get some profits.
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Bitcoin Price From $51K, Bitcoin price directly increased to touch $57K. Bitcoin price is definitely very likely to touch $60k to $70k.
(https://www.talkimg.com/images/2024/02/27/YqhBo.jpeg)