3 Factors That Make Bitcoin Potential to Rising in 2020

[Yunusalemu 0]

3 minutes ago, SuperCrypto said:

Given the short and long-term bullish prospects for the Bitcoin cryptocurrency, any potential downside behavior can be considered insignificant fluctuations and a correction only after the recent ascent of that optimism continues.

yeah and this very price value Fall for the bitcoin has been consistent over the past few years as it consistently falls and rise over and over again, these also creating a window for investors to buy and stock when the price falls and sell when it rises for profit 

[nykas 2812]

I think that one more significant factor is world economic crisis. People are afraid of losing their money, because most fiat currenies are unstable now, so they find new ways of keeping money and meet Bitcoin - very prospective technology 

[BitcryptoHan 2557]

As for this this year, only one factor is more potent than the others, but we have to wait to see if the factor will really increase bitcoin price, I am talking about bitcoin halving. It is very certain to me that the price will increase because of halving 

[Moaz 7239]

I completely agree with you. I mentioned the most important factors that lead to an increase in the price of bitcoin, but for me I think that the most important of these factors is investor confidence in buying Bitcoin because it has been able over the past years to achieve many successes 

[isther69 522]

It is difficult to predict what the price will be at the end of 2020, i have seen the different variations in the price of cryptocurrencies and they have been quite a lot. However, with the criptocurrency despite the fact that sometimes their price drops, they also give many benefits, using a cryptocurrency platform is having the possibility of doing many things such as start a project, monetize.

[Ridam 7455]

On 10/5/2020 at 1:49 PM, Moaz said:

I think that the most important of these factors is investor confidence in buying Bitcoin because it has been able over the past years to achieve many successes 

@Moaz Exactly the investors are coming from different fields, and as he mentioned. We have seen institution like MicroStrategy investing in Bitcoin and Jack Dorsey also did Invest so definitely more confidence investors are coming for Bitcoin which shows the price will increase even further.

[Afran_025 26]

The price of bitcoin is rising now for many reasons,and one of them,and not the most important,is the weakening of the dollar.Among the reasons for the rise in the price of bitcoin are ,first of all,the expected Consequence's after the last halving of the remuneration to miners fpr each new mined block of bitcoin,as well as the projected onset of the most severe global economic crisis as a result of adoption of unprecedented restrictive measure to combat the spread of corona virus.

 

 

[George10 9932]

The main reason for the price of bitcoin to rise massively during this year of 2020 is due to halving that it passed through and currently speaking it's price is standing at $16100 while it continues to show an uptrend move.

Edited November 13, 2020 by George10
grammar

[mohamedpc1 2213]

Bitcoin every time it rises at the end of the year, and I think it began to rise when the end of 2020 approaches, as I noticed every time it decreases in the first half of each year and starts to rise in the second half of every year. But we must be careful because everything is expected in the field of Digital currencies

[estmerbol 257]

Today we are directly in 2020 November, and the price of the BTC is 16K. And for now it remains a price that goes down and up but enough so that all those who were lounging around with time could make juicy profits. The market is moving strongly so it's no surprise if we see a rise up to 20K.

[percare 3192]

It was a very good analysis and explained a lot. I didn't know a lot about the plus token except they managed to make so much bitcoin in very small time in 2019 but their arrests probably stopped the selling of what they had left in their wallets. Also the halving event made everything better for price and helped a lot with creation of bullish market.

[Mikasa 2]

It could break all the previous records that it made. You never know what could happen in future and hard to predict. Clearly this year will become the best year for bitcoins and it even may reach new heights.

[cryptovlek 2597]

I agree these three points were the marking of the beginning of the bull run. All of these helped as with the plus token arrests and seizure of the crypto they possessed, it created stability in prices, then the halving and the institutional investors were also the force that driven bitcoin to new heighs.

[Ola22 197]

In my humble opinion, the issue is mainly related to the supply and demand for bitcoin, that it is one of the simplest economic rules historically, even, the more widespread this currency increased and the more transactions in it and recognition of its legitimacy the higher its value.

[SelimAbi 339]

This topic that you wrote in 2019 was definitely very useful for those who read this topic at that time. And I hope they invested in bitcoin after reading this topic. Because now we are in the year 2021 and bitcoin even crossed the $ 57,000 band. The factors you mentioned and the multi-trading of bitcoin prove that its value increases even more in the future.

[Rozy 1918]

What you mentioned is totally correct but if I may say that halving is the one that has the strongest influence among the reasons that you have mentioned and i think the increasing popularity of Bitcoin among ordinary people who have never used anything but fiat money in their lives and suddenly found out about a crypto that can be transferred into any place around the world without any fees and without taxes too.

[teebasas 3018]

I am certain that when these three variables are considered together, the price of bitcoin will rise. Bitcoin had always risen higher during the halving time in particular.