Factors driving Bitcoins price... to the moon!

in #bitcoin • 7 years ago (edited)

bitcoin in space.jpg

So we know that with the upcoming fork you have some people buying BTC to reap the benefits of the split. I personally think bitcoins price in pushing forward because of new money coming into the space as well. I watch CNBC everyday for a few hours and the exposure Bitcoin is getting in the media is astonishing. Next you have platforms like Coinbase and Bittrex that make buying and trading very simple. Lastly on the security end, wallets like the Trezor or Ledger nano can be ordered on amazon in 1 day! Everyday we take steps forward as a community.

Keep this in mind-->

If you had to guess, do you think 1 percent of people are investing in cryptos?

I sure don't, maybe 1 percent even know what it is?

I often find myself regretting not buying BTC and trying to waiting for a dip.

--My new motto is buy buy buy! If less then 1 percent of people are invested in BTC and institutions haven't allocated capital to it yet the moon is the limit in terms of price!!

bitcoin-sign-guy-receives-15000-for-photobombing-janet-yellen.jpg
Leave a comment below and tell me what you think!

7 years ago in #bitcoin by
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     7 years ago 

    I would rather be 1 year early in Bitcoin then 1 day late! 6K Bitcoin is still very very cheap!!!

    Everyone post on your other social media accounts about Bitcoin.

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     7 years ago 

    Ledger X got the approval from the US commodity futures trading commission back in July of this year. They just started the soft launch this week. Once they get fully online watch out, cryptos will explode in price.

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     7 years ago 

    @alchemage has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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       7 years ago 

      I like your article. However, I am not sure that new money is a significant driving factor of this bitcoin price rise. As the price of BTC goes up, I could see new money being hesitant to buy BTC because of the volatility

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         7 years ago 

        to the moon!!:)

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           7 years ago 

          The party is just getting started!!

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