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Author Topic: Why is the price of Bitcoin rising so much?  (Read 8720 times)

Offline Condorlaib

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Re: Why is the price of Bitcoin rising so much?
« Reply #150 on: March 24, 2021, 02:10:05 PM »
all of this because of the support of investor from big companies around the world.
i am very sorry that i did not buy when the bitcoin price was $ 20,000 and now the price has reached $ 50,000
if you wait for the bitcoin price to fall again, it's very difficult. because the current bitcoin price is too strong and to get below $ 30,000 is very difficult
if Bitcoin drops to $ 30,000, then all large investors will leave the market, including small ones like us. this will bring down the cryptocurrency market and hardly anyone will risk their capital in the future. but I am sure that this will not happen, because all owners of large investment portfolios will do everything to prevent their asset from falling in value.

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Re: Why is the price of Bitcoin rising so much?
« Reply #150 on: March 24, 2021, 02:10:05 PM »

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Re: Why is the price of Bitcoin rising so much?
« Reply #151 on: March 24, 2021, 02:17:18 PM »
@Condorlaib if Bitcoin fell to $30,000 soon after, there would be another bull run, as many companies and institutions would quickly enter the market investing a lot of money. There are many people, companies, and institutions waiting for Bitcoin to drop below $50,000 to enter. I don't know if we will see it soon or not at $50,000 or less, for now we have to wait.
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Offline Papusha20

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Re: Why is the price of Bitcoin rising so much?
« Reply #152 on: March 24, 2021, 07:12:12 PM »
The current bitcoin price is 38732 dollar.  The price of Bitcoin has started rising in a way that is not going to be imagined.  The prospects for further growth are much higher.  Because the current people are leaning towards cryptocurrency.

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Re: Why is the price of Bitcoin rising so much?
« Reply #153 on: March 24, 2021, 07:18:04 PM »
Bitcoin prices are rising at a rapid pace.  The price of Bitcoin was low a long time ago but now it is not possible to imagine that the price of Bitcoin has increased in such a way.  The price of Bitcoin has led investors to improve a lot because the more they invest in Bitcoin, the more the price will continue to rise.
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Offline Prime

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Re: Why is the price of Bitcoin rising so much?
« Reply #154 on: March 24, 2021, 11:41:01 PM »
The price of Bitcoin is rising fast because it is the most favorite coin and all people must have Bitcoin. We all must know that Bitcoin is the king of all crypto coins, then people want to have it.
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Re: Why is the price of Bitcoin rising so much?
« Reply #155 on: March 25, 2021, 08:38:40 AM »
It is something of a self-fulfilling prophesy - people want to have it because the price is rising, and the prise is rising because people want to have it.

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Re: Why is the price of Bitcoin rising so much?
« Reply #156 on: March 25, 2021, 08:49:05 AM »
It proved once more yesterday that it is not constantly rising. Tested the 52k, even though it went down a bit, it did not persist there. The altcoins have stood firm for now, and it looks like they will go up at the first opportunity, but if there is a possible 50k sub and it is permanent there, it will be painted red again. I hope there will be an uptrend again. Because we waited too long in the bear market.

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Re: Why is the price of Bitcoin rising so much?
« Reply #156 on: March 25, 2021, 08:49:05 AM »


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Re: Why is the price of Bitcoin rising so much?
« Reply #157 on: March 25, 2021, 03:05:58 PM »
if Bitcoin drops to $ 30,000, then all large investors will leave the market, including small ones like us. this will bring down the cryptocurrency market and hardly anyone will risk their capital in the future. but I am sure that this will not happen, because all owners of large investment portfolios will do everything to prevent their asset from falling in value.
but if that happens bitcoin drops below $ 30,000 a lot of investors will buy bitcoin.
because large investors believe that bitcoin can reach $ 50,000 so they dare to buy and wait until the price of bitcoin returns to its highest price.
and if that happens I am one of the people who will buy 1 bitcoin  :D
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Re: Why is the price of Bitcoin rising so much?
« Reply #158 on: March 25, 2021, 04:08:06 PM »
It proved once more yesterday that it is not constantly rising. Tested the 52k, even though it went down a bit, it did not persist there. The altcoins have stood firm for now, and it looks like they will go up at the first opportunity, but if there is a possible 50k sub and it is permanent there, it will be painted red again. I hope there will be an uptrend again. Because we waited too long in the bear market.
Today, bitcoin has reached 50 thousand dollars and slightly rose to 52. What will happen next, no one will say for sure, but I think that bitcoin has more reasons to grow, rather than fall even lower. The cryptocurrency market is very volatile and we know about it.
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Re: Why is the price of Bitcoin rising so much?
« Reply #159 on: March 27, 2021, 02:36:32 AM »
It is something of a self-fulfilling prophesy - people want to have it because the price is rising, and the prise is rising because people want to have it.

The more demand and lack of supply, the better of its price increase. This is simple. As supply of Bitcoin is only limited to 21M. The usages are on rise, demands are increasing rapidly. People want to have it and hold it whatever the price, that's why price are on the rise. Besides this, many institutional investors like Tesla have come forward, many organizations are accepting Bitcoin as payment method. All of these factors are playing an important role here.

 

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