Top 5 Reasons: Why Has Bitcoin Gone Up?

in #bitcoin5 years ago (edited)

Why has Bitcoin gone up? That seems to be the question on everyone's lips today so here are my top 5 reasons in presentation format. ONE person today can use coupon code 15052019top5 to get 50% off my online courses. First person to use it gets it https://www.cryptoasset.school/new-student-signup

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I do like reason 2 alot, seems the most natural "a correction back" ,,,

why agaiin...

quiet monday :/

Awesome reasons, love the giant + baby ball :)

The improvements, developments, and interest has been booming.

My favorite arguments are the small size of crypto relative to fiat and the onboarding process. The latter still presents a massive barrier to the average person getting involved. Tech is helping make this process easier, but I picture these two as being related. The small size of the total cap in the presence of confidence matched with less complexity to get involved feels like a future roadmap to success.

more please

Well explained, especially to an outsiders who hasnt been following ctypto news day to day.

Other reason, we maybe entering a bull mkt, coming out of the bear with dec 2018 being the bottom. Time will tell.

Great list, Chris. I started writing my comment here but realized after a while that it was so long and involved that I made my own steemit post.

https://steemit.com/cryptocurrency/@gbu/expanding-on-the-cryptoverse-s-top-5-reasons-bitcoin-has-gone-up

Nice. 5 top reasons for price movement of BTC. - Yeah "relatively small buying power" still has a big impact on price movements. Thanx for your insights, Chris.

Sorry, but not your best work. Not convinced by the orange anology.

Great summary indeed! I also believe that the supply of available bitcoin is lower as some strong hands bought as the price went lower and they would mostly like wait for much higher prices before selling!

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A lot of people don't have an exit plan because they don't only view Bitcoin as an investment.... They view it as an alternative to fiat currency.

I use Bitcoin because it's the only currency in the world that fundamentally aligns with my values. I belive in decentralized, censorship resistent, permissionless money. I don't want to support the banking industry and it's endless corruption. My plan is to exit fiat currency.

In my point of View, the recent tension with Iran push the market and always there is someone who searches for a hedge in these circumstances.

Bitcoin seems to be in the news a lot lately. I'm speculating this is partially the cause of the price increase. I think people are giving it a second look. And there is definitely more incentives to use digital currencies compared to the end of 2017.