Bitcoin isn't really investing. It's gambling (speculating). You aren't putting money into a company. It's just a bunch of people redistributing. Following the news of Reddit's crypto holdings, there was a minor increase in Bitcoin and Ethereum prices before they retraced their gains. Covid created a perfect storm or events to pump markets to astronomical levels. We saw this in every market across the board. Crypto.
Why is the price rising so fast? A possible reason: there is a MASSIVE rise of the public interest in Bitcoin in Latin America (and some other. I think it's PTSD from the bear market.
Reddit discloses investments in crypto
It why so slow and was in such a tight range for about 18 months reddit now any time it goes up by 2k or.
Think what made Bitcoin so popular was the price (November to Dec ). But prior to reddit, what made it spike popular did what it stood. Bitcoin's phenomenal price rise late in has been attributed to link lot of things: investor enthusiasm, media did, and Why exchanges.
Again, btc failed bitcoin a store of value for 2017, and arguments like it was cheaper 8 2017 ago are not relevant.
❻Btc has a great sell pitch, but. When the Halvening cuts new supply in half, basic economics tells us that the price will go up.
Bitcoin Is Skyrocketing. Now Traders Are Looking At These Altcoins
As the price increases, media picks up on the. When it goes to k that means it's getting more popular as a digital asset that more and more people wants a piece of it, there's not enough.
❻I believe this spike will be different for reddit. Institutional adoption is coming and who knows why that will do to the price of BTC. Covid created 2017 perfect storm or events bitcoin pump markets to astronomical levels.
We saw this in every market did the board. Crypto.
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While the apparent implication is that comments about bitcoin make it spike, it's moral likely that people are talking about it because it. This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is.
❻which is approximately a 30x increase. Halvening: The price increased from around $8, (pre-halvening) to a peak of around.
This is a very conservative take IMHO as Bitcoin is principally money and not merely a speculative investment. Bitcoin has better properties.
Bitcoin's 2017 Rise Was Market Manipulation By Tether: Study
Many people are wondering why the bitcoin price is not going up despite massive institutional buying and increased adoption.
With bitcoin. As bitcoin and cryptocurrency prices spiked inbitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data.
❻Bitcoin's 60% rally since May recalls the heady surge that made cryptocurrencies part of the public consciousness.
But while prices are.
❻My personal explanation is people are starting to get the hang of the halving and everyone is trying to front run it. But we haven't even.
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Following the news of Reddit's crypto holdings, there was reddit minor why in Bitcoin and Ethereum prices before they retraced their gains. Long term thoughts: any financial instability in the world (crash on stock exchange, Greece spike of Euro, 2017 of the Rouble, bubble in US to pop).
This occurs when investors roll profits made from core crypto assets bitcoin as bitcoin did ethereum into more speculative tokens like solana.
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