Bitcoin Price is Rising... (Gladly) Why?

[vycl87]

We all seeing now and Bitcoin price has just started to rise slowly. And we are looking for standing on 4000$

Well, but why is now? We should understand that before invest. You may red about Bitmain new style energy saver mining devices. What do you think? Is it related with Bitcoin price?

[Domithra]

Although series of good news have struck the crypto market from the beginning of the year, 2019 till date, no one can pin point the exact cause for the recent upward movement in prices - a good sign anyway. People expected BTC to go to $50K during the bull market and it didn't. It went back to $3500 and people were expecting another fall below $3K. It appears that whenever people look at a particular direction, the market moves the opposite direction.

[tsakf]

Although series of good news have struck the crypto market from the beginning of the year, 2019 till date, no one can pin point the exact cause for the recent upward movement in prices - a good sign anyway. People expected BTC to go to $50K during the bull market and it didn't. It went back to $3500 and people were expecting another fall below $3K. It appears that whenever people look at a particular direction, the market moves the opposite direction.

When good news struck the crypto market, and prices stay the same, or lowers, the bears are here, Now, we see rising prices, the bears are leaving.

[Kenyot]

I think seeing from the graph the value of bitcoin continues to increase, the potential of bitcoin continues to rise in price remains open, but to reach a significant amount, I think it requires a very long time and process, it could also increase the price of bitcoin as you say it happens in the future when all countries legalize bitcoin as a legitimate money transaction.

[tsakf]

I think seeing from the graph the value of bitcoin continues to increase, the potential of bitcoin continues to rise in price remains open, but to reach a significant amount, I think it requires a very long time and process, it could also increase the price of bitcoin as you say it happens in the future when all countries legalize bitcoin as a legitimate money transaction.

If it is legalized as legitimate money transaction, in all countries, a price of >100,000 US Dollars, will be low. We may see this after 3 to 4 years.

[Zed0X]

The bitmain release of their new miner hardly affected the price I think. It is more likely that the recent news about SEC hinting the approval of ETF is causing the price increase. It could also be just another group of buyers accumulating more Bitcoins mainly because of the cheap price and not in any way related to the news. 

[Jayde]

I think that Bitcoin is trying to breakk out of the downtrend to begin a new up trend now, all of the signal show that the bull has came back with a good buy order and volume too

[ZionRTZ]

Well, but why is now? We should understand that before invest.

If you are going to understand why the price increased, then you may end up wasting time and not investing at all. People can just form their opinions but nobody exactly knows why bitcoin pumps or why bitcoin dumps.

[Jacky]

I am very happy to see the Bitcoin price movement. It has improved for several days and still keep to increase to $4,000. I am really sure if this trend can continue longer, the price of Bitcoin will be higher than $4,000 and its lower rate may be set around it.

[Alcor]

If the price of bitcoin does not fall, it will only grow. Bitcoin, like the other decentralized cryptocurrency, has a very high volatility. She can not stand still. The growth period of the cryptocurrency market just fits. However, we still need to wait a bit to say for sure, this is a bull market or just a surge in price.

[MVT$]

Well, but why is now? We should understand that before invest.

If you are going to understand why the price increased, then you may end up wasting time and not investing at all. People can just form their opinions but nobody exactly knows why bitcoin pumps or why bitcoin dumps.

That's a funny point. To be fair with OP, maybe he or she meant that we have to wait for confirmations before starting to buy. 

[tsakf]

If the price of bitcoin does not fall, it will only grow. Bitcoin, like the other decentralized cryptocurrency, has a very high volatility. She can not stand still. The growth period of the cryptocurrency market just fits. However, we still need to wait a bit to say for sure, this is a bull market or just a surge in price.

I agree that Bitcoin's price will grow over time, because of two factors.  The first factor, is it's design with a maximum number of coins. The second, is adoption. More and more people will learn about it, and use it. Demand will rise, so the price, because there cannot be any more coins by design.

[RapidRabbit]

Here you have some voices about it gathered on spam blocked b article: https://www.spam blocked b/bitcoin-goes-up-what-now/

So, Elon Musk's statement is really well known, but I'm interested about Bloomberg opinion that current Bitcoin price growth is "delayed boost from the announcement that JPMorgan has developed a digital coin to speed up payments."

What do you think? I don't believe that JPM Coin is so essential... but who knows

[pelana vreo]

The increase in the price of Bitcoin is likely to continue. After 3 days I saw the movement of bitcoin and the price still remained at $3900. When the price of this coin wants to go up to the price of $4000 I always see a rapid decline. It is possible there are still investors who want to buy at high prices but they are still worried about a bearish trend that makes the price of Bitcoin drop from now. I still hold Bitcoin and ethereum. I hope the price will rise this year.

[mlawson71]

Let's see whether Bitcoin will reach $5,000 anytime soon. This could be the beginning of another rally.