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Bitcoin price rally
Bitcoin price rally

What’s Behind Bitcoin ’s Price Rally?

By Robert Beadles, President of Monarch

– Bitcoin ’s Price Rally

For Bitcoin investors and entrepreneurs, the first month of 2020 has brought a lot of optimism for the new decade. So what’s behind Bitcoin ’s price rally, and how long will it last? The primary reason we’re starting to see an extended Bitcoin rally is because of the approaching halving. If readers are not familiar with this terminology, the Bitcoin protocol cuts the block reward in half every 210,000 blocks, which comes about every four years. This process will occur until the last bitcoin is mined in 2140.

Halving event—set to occur in May 2020

In my previous article for Fintech Zoom, I predicted the halving event—set to occur in May 2020—would spike the price to the $11,000 range. Halving events can positively impact price based on simple economics: if fewer bitcoins are generated, it makes them increasingly scarce and more valuable. Yet, data shows price increases do not happen instantaneously, but incrementally. The last halving occurred on July 9, 2016, and BTC remained in the $580 to $700 range; however, by mid-January 2017, the price of BTC was more than $900. And 526 days after the halving, the price was up 2,976%.

Bitcoin’s market cap – Bitcoin ’s Price Rally

Of course, there are factors to consider for this year’s halving event and how they might affect the increase in price. First, Bitcoin’s market cap has increased exponentially since 2016. In July 2016, the market cap was around $10 billion, whereas today it’s over $170 billion. Second, the Bitcoin derivatives market is robust. For example, the Chicago Mercantile Exchange has seen a notional value of $92 billion in contracts traded in two years. Third, it is crucial to consider the idea that Bitcoin has woven itself into the fabric of the financial system – even if many economists would not like to admit it.

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BTC is an asset that interests more than a third of U.S. investors

To elaborate on the latter point, Grayscale Bitcoin Trust is an S.E.C. reporting company now. This Bitcoin-focused Trust has released investor studies demonstrating that BTC is no longer a niche investment, but rather an asset that interests more than a third of U.S. investors. Additionally, Silvergate Bank, a bank that works solely with the underserved cryptocurrency market, added 48 cryptocurrency clients in Q4 2019.

I believe the days of $3,000 to $6,000 BTC are a thing of the past
In total, the bank brought its industry client base to 804. The bank’s payment network underpins many of the largest cryptocurrency exchanges in North America. So, in a way, the company’s deal flow represents a snapshot of cryptocurrency’s lifeblood. All signs point to the bones of cryptocurrency being strong. Furthermore, Glassnode recently reported—by measuring entities and addresses—Bitcoin users have increased every day for over ten years.

National currencies

All of these things are good for cryptocurrency and great for Bitcoin. It means adoption is steadily happening. We are witnessing something revolutionary — a real change in the financial system. This year, we are poised to see governments digitize their national currencies, which is unprecedented. And blockchain and cryptocurrency companies that were only looking to capitalize on the fad of Bitcoin are continually dying off, their stock going to zero. The legitimate companies with legitimate solutions are rising to the top.

We are entering a new era

When all is said and done, these positive developments might make this year’s halving not quite as dramatic, but more of a slow and steady burn. Still, I believe the days of $3,000 to $6,000 BTC are a thing of the past. We are entering a new era.

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Bitcoin Price Rally

Robert Beadles

Robert “Crypto” Beadles is a prominent cryptocurrency influencer on YouTube and throughout the cryptocurrency market.

Beadles advises Cryptocurrency projects through their ICO, blockchain development and marketing endeavors. Beadles owns numerous patents and trademarks and develops ideas and projects and various clients.

Beadles created Splash Factory LLC with prominent UFC Legend Urijah Faber. They focus on blockchain development, community management, and marketing services.

115 comments

  • your article is very impressive, and you deserve to be called president monarch, and I follow every program you give to the crypto community, both on YT and Linkedin and twitter

    Twitter handle @Vethi_gheny

    bitcoincash:qrfxfv9q090xy73d79readz4m6m9hjuc65p4cpcvvj

  • Great article Mr. Beadles! I am delighted to read your articles and watch videos! The final words in the article are generally super! We are entering a new era! Cool!

  • I agree with you Mr Beadles, because 1. The approaching halving, which applies the law of demand, supply and scarcity
    2. Bitcoin new addresses has skyrocketed recently than any ever period in time
    3. More and more are coming to grips with the fact that Bitcoin and crypto are here to stay, meaning awareness creates adoption
    Finally, I say boldly, this is the last opportunity to acquire BITCOIN below 10k dollars

    • You are right Mr. Beadles this is the new era. Slowly but surely $BTC is changing are financial system and i believe that in the future fiat money will be obsolete and crypto will be the new norm. I agree that $Btc will reach $11k because of scarcity and demand during halving that’s why we need to grab the opportunity before it rockets to the moon 😁.

  • This is really a great article Robert! So much food for the brain 🧠 thank you and keep doing this! You inspire a lot of people like me 😊👌

  • Wow! Learned more about bitcoin in this interesting article. I have been pondering on what was the factor behind this sudden bull run. This great write-up from Robert Beadles gave me an intriguing insight on the reasons behind the Mooning. Yeah I think Global and mainstream of adoption of bitcoin is inevitable, the numbers of adopters are increasing exponentially. I appreciate Mr. Robert for this lovely write up. Expecting more interesting piece from you sir.

  • I believe the upcoming halving is having a great impact on the BTC price right now, a significant increase in price is highly anticipated.

  • Central banks keep fiat steady in exchange for long term depreciation.
    Bitcoin is volatile but owners get great long term appreciation.

  • Really a great piece of write up. The halving would really create a great impact in btc’s price. With more countries coming into limelight with crypto.

  • Love the article and very interested in learning more and more. I need to become financially stable and this may be the way. Thank you..

  • Very simple and useful information.
    Hope to see the days when BTC is under 3000$ becouse i still have no one :)!
    In any case i agree that we going to new era where the money become a new form.

  • Pretty new to the whole thing but I know I’m trying to gather as much as I can before it shoots up further. I only started gathering late last year – little did I realise how low BTC was at the time. If only I could go back in time. You seem to have your head screwed on though so will definitely looking up more of your articles.

  • Alright, first thing first, Thanks Mr. Beads for clarifying the term “Halving” & when it usually occured and thank you for walking us through Bitcoin’s halving history.

    I totally agree that we are now entering a new era as more countries are recognizing Bitcoin & cryptocurrency as a whole and it’s already a step for adoption. We are also witnessing newbies entering the cryptocurrency’s sphere esp that the BTC halving is fast approaching.

    And sooner or later, paper bills won’t longer be of use because we will be seeing a worldwide use of cryptocurrencies.

  • Bitcoin is:
    • A gold alternative
    • A fiat alternative
    • Non-physical
    • Digital
    • Easy to buy
    • Tradable
    • Transferable
    • Inherently infinitely divisible
    • Recognized
    It’s not exactly like anything else. It is an invention that filled a void. That’s why it’s valuable.
    Bitcoin bounced on logarithmic support in December and will likely continue moving upwards. The bull market will remain unless we break below the green support line, which would result in cryptos to nosedive to new lows.
    Lets hope we can hold the support and keep moving up!
    I suspect that we will re-test the support around the halving in April-May, which will confirm whether we continue a bull market or re-enter the bear market. So for now we just wait and enjoy the green. For me Bitcoin has a great future.

  • Hello , I am certain that BTC prices will go up as the year itself hold not only these but certainty that more people wants Bitcoin.
    There’s not only the Halving which will play the scarcity game and the promise of a future financial crisis making Bitcoin a safe haven again.

  • Bitcoin is:a gold alternative,a fiat alternative, non-physical, digital, easy to buy, tradable, transferable, inherently infinitely divisible and recognized
    It’s not exactly like anything else. It is an invention that filled a void. That’s why it’s valuable. Bitcoin bounced on logarithmic support in December and will likely continue moving upwards.
    The bull market will remain unless we break below the green support line, which would result in cryptos to nosedive to new lows. Lets hope we can hold the support and keep moving up! So I’m totally agree with Mr.Beadles that the days of $3000 to $6000 BTC are a thing of the past. I suspect that we will re-test the support around the halving in April-May, which will confirm whether we continue a bull market or re-enter the bear market.

  • Great article! It has been quite a journey for BTC and it just keeps getting stronger. Increased interest and the realization that it is here to stay will rocket crypto. Appreciate all you do for the community!

  • Great article! It has been quite a journey for BTC and it just keeps getting stronger. Increased interest and the realization that it is here to stay will rocket crypto. Reminds me of the early days of the internet. Appreciate all you do for the community!

  • Your right is BTC is an asset not just an investment plan.
    I think this yeat will be another year of fruitful harvest of btc and alts.

    • Thats right Mr. Beadles this is the new era. Im sure $BTC is changing our financial system and i believe that in the future fiat money will be obsolete and crypto will be the new norm. I agree that $Btc will reach more than $11k because of scarcity and demand during halving that’s why we need to grab the opportunity before it rockets to the moon.

  • All you said is great and I agree except that “$3000-$6000 are the think of the past” in my opinion there will be some more of those low prices mostly due to bitcoin developers I personally don’t trust those ppl and probably one day someone will do something greedy that will make a lot of ppl to lose trust in the network.

  • Nice article beadles, as always. I think the increased bitcoin awareness and the oncoming halving event is responsible. Simple law of demand and supply.

  • I would have to agree with your analysis here. It just makes sense. Would love to see BTC to 100k like many other people.
    Robert Beadles you are an incredible writer on top all the other things you bring to the crypto community.

  • Its a great article beads and I totally agree yet, I cannot think that the past will not happen since you state it its in the past already. Im thinking that this is still a way of whales to play the market. A slow progress is good but people are impatient and own a weak hands. I still wanna see the past you mention but hope theres no going back this time to 3k. Godbless

  • The price of Bitcoin fluctuates because its value is determined solely by the supply and demand of the currency in the market. There is no government authority or central bank that controls its price. This lack of control generates a lot of tension among investors, but it is precisely this aspect that makes it possible to obtain greater benefits if it is invested intelligently.

    Negative news, technical difficulties or cash withdrawals can cause a large price drop. However, this does not necessarily have to be devastating, the successful traders of the stock market demonstrate it: they buy Bitcoins at a low value and keep them until the price correction is finished. In this way, you can earn money even in bad times with the most volatile cryptocurrency in the world.
    This year, it is the year of the BTC, I feel that many institutions, both governmental and political, are going to gradually adopt the BTC, as an official currency for their investments … 2020 year BTC
    Tg @ronaldorunyan
    BCH qp5qqrlzy3kz3k8k3xd5e4ek2x2nethw8v36mndvue

  • Great article, sir! Very informative and it helps me to understand more about Bitcoin. Hoping this year Bitcoin will fulfill my wishful thinking.

  • What’s behind #Bitcoin  ‘s price rally?
    Well, because of the approaching halving. That’s all thankyou 😊

    Hope to win 🙏

  • Yes the rise of legitimate project from 2017 will give the mass adoption of crypto. Those who survive will really give us something new and 10k is just the start 😊

  • Yeah definitely a preparation of the 2020 halving. This is just a small start and definitely go bigger. Slow progress is better than fast ones because with slow progress, we can test the durability of project. Test the investors patience and at the end all those will pay off. Godbless beads

  • I am happy on what Bitcoin had overcome since 2017. I already look the altcoin chart and i can since this is the time for their shine. Bitcoin is a good asset after all.

  • I think due to global crisis in fiat world the $btc goes pumping up. And also so many people adopting $btc due to its very useful usage for so many fiat lovers that why they are adopting it
    Tweeter @titobelgs

  • Agree with you Mr. Beadles your article is on point. Great article about BTC halving on May (like the previous article) if fewer bitcoins are generated, it makes them increasingly scarce and more valuable and the current state of BTC in mass adoption, it will be a new era. Buy& hodl bitcoin now or you’ll regret later. 😊
    Thanks Mr. Beadles! Godbless

  • Good read and as usual very informative article. In a few months the third Bitcoin halving will occur an we are all hoping for it to rise again.

  • I agree that prices below 6000$ will be excluded, or absolutely exceptional. But this only because the energy costs will be more or less arround 5000-6000$ for each BTC. This is valid for the next very few years.
    The price evolution in time will be also influenced by political and life events like wars, epidemies, political declarations, natural phenomenons, some important financial decisions with wide impact, etc….and, the more and more reduced number of BTC that will be produced in time, together with the rise of transaction fees.
    Having those in mind, probably, before the next halving in 4 years, the minimum BTC price wil be arround 10.000$, instead of 6.000$ now.
    Of course we’ll have exceptions during the next years, maybe some spikes of 30.000$, but just because of the possible events I have just presented before.

  • I’m happy and sad at the same time with the progress of btc’s price

    I’m happy coz it will benefit many people and make huge impact on them financially.

    I’m sad coz I don’t have huge amount of btc,only few satoshis I had won in mini twitter giveaways.but still, I’m well-wishing that btc will soar up high coz it will have domino effect on some cryptos’ price

  • One of the major differences between today and the 2017 rally is Bitcoin’s level of institutional interest. It’s easy to speculate on the reason behind the price move. It’s hard to say why the price of Bitcoin has risen beyond the truth of all markets: demand goes beyond supply. That being said, there are a number of macro factors around the market that can contribute to price increases.

  • I think bitcoin will end up the world fast because it will loss the balance of world financing system. Just a thought

  • Am I eligible for banking?

    Do I need to wait years and years of time-deposit banking, only to avail the very small 2 percent interest of my money?

    Do i need to fall in line in the bank only to withdraw some money for emergency purposes?

    These are the questions, that troubles me, as an working class in a third world country where corruption and inflation is very Rampant..
    Other than the points that you tackle Sir Robert about the price, the halvening, the steady rise of alts, and Crypto adaption worldwide, lets not forget that Bitcoin is also a gift from God for the poorest, “Banking the Unbanked” as the Bitcoin slogan says.

    Your deep analysis about this matter is, or in a way, highly motivational, because it gives me hope and understanding more about Bitcoin and Crypto related things.
    Thank you sir

  • I hope (and I am confident) that the reasons you mention are the real ones. Or will we find out that there is another (real) scam that is inflating the price?

  • I agree, with what Mr beadles said here even though there is a lot of Fud still floating around ” Adoption isn’t happening and this bubble is going to pop” really?. More companies are joining and creating tokens, just look around. You would have to be blind not to see the coming future of financial age. Brilliant article. Thank you.

  • Thats right sir as the demand increases the price increases too!

    Btc will go moon soon!😎🤑

    bitcoincash:pqcea4jau7ktnj2h6kfn799gwth4yzy6pget603ex5

  • This is the first time i personally witness a Bitcoin bull run in which i understand quite well what really is happening and figure out some factors that pushed its dramatic rise.
    Following every content creator like you sir Robert really help a lot to understand more… As of now I am a bit more aware and gain confident what to do next and how to execute proper steps to earn on crypto in which im so hesitant before .
    As a simple crypto enthusiast i wanna say thanks for all your constant effort of sharing the knowledge you have.
    You guys (content creators) helped drive the BTC price as well 💪 .
    Without you i would be having a very hard times understanding all of this crypto things. God Bless.

  • $3k or less is certainly a thing of the past! With the bitcoin halving on the horizon it’s only going to draw people in more an more to keep accumulating. I personally believe wholeheartedly that bitcoin can lead to generational wealth!

  • Bitcoin will also show the world what virtual gold means! Robert has very useful information and the right opinion! thanks! buy bitcoin and hodl!

  • Bitcoin bounced on logarithmic support in December and will likely continue moving upwards. The bull market will remain unless we break below the green support line, which would result in cryptos to nosedive to new lows.Lets hope we can hold the support and keep moving up! I suspect that we will re-test the support around the halving in April-May, which will confirm whether we continue a bull market or re-enter the bear market.

  • This was a great insight on the current events unravelling in the market today.
    So much to be excited about concerning the upcoming halving. I personally think we’ll see 14k bitcoin very soon.
    Great piece and we’ll written Mr!

  • Well done explanation Mr. Beads, like he said bitcoin is an asset and not just an investment plan. He explains here that the value of bitcoin on halving will be at $11,000 range but i believe it will be $15,000 or maybe $20,000.
    Great job Mr. Beads.

  • Crypto Beadles I totally agree with you that this is a new era. This new halving is slightly different than the ones before due to today’s big interest by investors, governments building their own cryptocurrency, bigger market cap, etc. Very interesting point on how the price might increase incrementally and not immediately! Keep it up with the good work

  • I think bitcoin halving is cause by the nearly US election and the novel corona virus that is affecting china. Government and politician now focuses more on this matter. as we all know trump administration blame crypto for the fluctuations of USD to Yuan exchange rate. And China releasing it’s own yuan crypto currency that fluctuate btc market.now that both this caused are occupied,people involve in the crypto world industry are taking advantage to this matter,this the cause of free worry trade..

  • Very Nice 😀 Thank you for this information! Always good to learn stuff and know how other people see things, defenitly people who know what they are talking about!

  • It’s time to invest in crypto currencies. I believe in your ideas Mr. Beadles, I hope I know you long time ago.

  • This is so true Mr. Beadles. I believe in your ideas. I hope it’s not too late for me. Time to shift investing in BTC.

  • I agree with you. Adoption is gradually taking place all over the world. People are now getting acquainted with blockchain user cases..as a result of this upcoming halving, investors are diving in to grab the opportunity which is creating more demand for Bitcoin and the store of value is increasing knowing fully well they will make mad profit if history repeat itself again..I also feel China, Facebook libra etc played a vital role in the adoption of cryptocurrency today and the US does not want China to be ahead of the game…China has a population of 1.3 billion, imagine the awareness and what cryptocurrencies tends to gain when they finally development their own crypto

  • Thanks for your insight to the reasons for the rise of Bitcoin.
    In addition to the reasons you gave I think there may be a couple of more :
    There just seems a buzz in the air coupled with a ton of new people buying into crypto.
    There word on the street is that a major correction is way overdue in the stock market and the savvy investor is pulling out and piling into crypto.
    I think the outbreak of the coronavirus may have also pumped the price a little as economies are taking a hit around the World and again crypto seems the safe bet.

  • No doubt, I also have a positive feeling this is the start of a new era in the emergence of Bitcoin and cryptocurrencies at large and I strongly believe the days of $3,000 to $6,000 BTC is a thing of the past just as you said.

    You gave four good reasons as to why you think BTC has been experiencing an upsurge in Price for the past few months. Even though those reasons are all sentiments, I think they are very strong and well-deserved reasons and I sure inclined my head up and down in agreement to each of the reasons you gave while I was reading this interesting topic.

    I think there might be more to the reasons why Bitcoin has been experiencing a surge in Price in addition to the ones you stated above. As we all know, there have been a divided sentiments amongst investors and crypto enthusiasts around the recent Bitcoin’s price rally. Different people have been coming up with there own sentiments just as you have done. However, I think the Bitcoin’s price rally can ultimately be said to be based on seven broad factors in addition to the ones you’ve given (of which I will be stating another three factors based on my own sentiment).

    Manipulation of Price by Whales: I was going to buy and add to my Bitcoin portfolio, then a thought came into my mind and I asked myself “What if this spike in Price was as a result of a whale manipulation who wants us to get trapped in the trade for them to make more profit from our own fear of missing out (FOMO)?” Despite the fact that this is just my own personal thought, am very positive you all will come in agreement with me that it is a valid sentiment that is capable of acting as a major factor behind the Bitcoin’s price rally.

    Accumulation of Bitcoin by Investors: Owing to the fact that the Bitcoin reward halving is scheduled to happen in less than four months from now, I want to believe a good number of investors must have been accumulating Bitcoin, most especially because history have proved to us that there is always a surge in the Price of Bitcoin whenever a Bitcoin reward halving occur. Since investors are accumulating, then there will sure be more demand than supply which in turn triggers a surge in the Price of Bitcoin.

    Rising Hash Rate of Bitcoin: I was having a chat with one of my friends on Telegram few days ago, and we were discussing about what might have triggered the surge in the Price of Bitcoin for the past few weeks, and he did came up with a reasonable point saying “The Bitcoin’s price rally might have been as a result of the rising hash rate of Bitcoin which has hit all-time high over the past few days. I asked him how and why? He went further to say this is because Bitcoin’s increasing hash rate has created a potential linkup between Bitcoin and the necessary features it needs to act as a digital gold. I tried doing a little research on it and found out that history have it that “rising hash rate has always triggered an increase in the price of Bitcoin”.

    In conclusion, what if the factors behind the Bitcoin Price rally is a combination of all the four factors you gave, in addition with the three factors I gave? Even though It’s something that is very possible, no one knows for sure. It’s all sentiments. I think what matters most is that we continue to experience this surge in price whatever the reasons behind it might be. I hope to see the price of Bitcoin hit $100,000 after halving. All in all, I see us reaching mass adoption pretty soon in the nearest future.

    Thanks for sharing with us this awesome article sir. This really triggered the writing spirit in me. Stay blessed!

  • You’re correct about entering a new era. Glad to have found you to help me figure out what my place is in all this Bitcoin business. I’m learning so much from you. Im kicking myself so much for not getting interested sooner. My son tried to tell me about Bitcoin when Bitcoin first came out. I couldn’t grasp how something that only exists inside of a computer that you’ll never be able to hold in your hands could ever have a value. You’ve helped me understand a lot about that more. I appriciate every piece of content you provide. Keep it coming and i’ll keep ingesting it. Thanks for sharing your passion with us.

  • Yes i highly thinks it wont drop to 6k$ and halving is coming im hoping to see progress , especially its been weeks but the price are playing in 9-10k$ is it a sign BTC will go moon? your article widens up my knowledge about crypto. Thankyou so much again for this wonderful article, The key to it is to hold it till the moon rise

  • Yes i highly thinks it wont drop to 6k$ and halving is coming im hoping to see progress , especially its been weeks but the price are playing in 9-10k$ is it a sign BTC will go moon? your article widens up my knowledge about crypto. Thankyou so much again for this wonderful article, The key to it is to hold it till the moon rise

  • MY BCH – bitcoincash:qrckjjlh98zvdy40w6zvvmxf9dvtl8sap5c8qe653m

    BITCOIN is MAKING BELIEVERS OUT of EVERYONE!
    TRADERS on CNBC Fast Money bullish on Bitcoin!

    Yesterday, the Fast Money Traders on CNBC were unanimous in their support of Bitcoin, something I even have never seen.

    Usually you get a few guys taking the opposite side just to supply some more talking points on something…

    But, during the clip last night, none of them could do this .

    More than just talking short term trading, they were talking overall momentum also as fundamentals.

    Across the board, they were all fans of what bitcoin has going for it immediately .

    I am unsure I even have ever seen that before, actually scratch that, i’m positive I even have never seen that before on bitcoin.

    Looks like I wasn’t the sole one noticing that…

    Given that, should we still be bullish?
    Normally when most are beginning to turn bullish that’s the time to be fearful.

    However, i do not think that applies here, a minimum of not yet.

    We are just having a MACD cross on the weekly chart, we’ve an extended ways to travel before that thing gets overbought, like months.

    The last 2 times we had one among those, was when prices ran to $20k in 2017 then $14k in 2019. i feel we are just starting one among those sorts of rallies immediately , but from a better start line .

    They were saying how they think it’s very likely getting to $12k within the near term.

    Too much momentum for it to not .

    I tend to agree.

  • bitcoincash:qrn9grsclxl4lzy8t0wy5tm9qp073pxtsyw43dspxj

    What a euphoria this is, BTC touching the 10K level just amazes us although we all believe that BTC is way more 150% worth or more than 10K and yet we are happy to see it come up to that price level again after that last run-up from 14k price level.

    I personally hope that BTC would perform much better than expected although maybe it will take some more time for that instance to happen. One thing I could not afford in this world is time itself, I do not have all the luxury of waiting, I had been waiting for many Moons now and I feel like I am just a candle being consumed literally or an onion peeled layer by layer until there is no more.

    I am also not sure if I still have a hope in improving my health so all is uncertain wherever I would turn my head. But hope is the only thing I could cling on in this life because without hope I will have no direction to walk into while I am still alive.

    It is just so emotional for me if things go right this time, when finally alts would start to move with vigor like what happened in late 2017 where you can just pick any alt, invest in it, take a profit, rinse. and repeat. But this time we learn our lessons, there is a thing that is called a cycle where not permanently the prices would forever go up although for BTC it will reach a much more greater heights in its value.

    But for altcoins when we see that we are just in profit, we just have to take profit, not to get so greedy or else you can find yourself again holdling in perpetuity a big bag of “shitcoin” and then gaining a mockery of other traders and your own self. Don’t let that happen again.

    Great content CryptoBeadles
    bitcoincash:qrn9grsclxl4lzy8t0wy5tm9qp073pxtsyw43dspxj

  • I don’t skills many of you’ve got noticed but the entire market capitalisation for cryptocurrencies is increasing by the day, and therefore the most awaited halving till date for Bitcoin, is merely about three months away. Some say that it’ll be the catalyst for pushing BTC to $100,000 or maybe more, while just a couple of are claiming that the halving is already priced in.

    If you follow me for a short time you almost certainly know by now that I’ve become convinced of the present BTC market that we are currently in and although i do not have a price target for the BTC peak i’m inclined to believe which will be jaw breaking for many folks . i’m not holding any BTC, but I’m pretty sure my alts will benefit tons from this epic rally.

    Now let’s examine what do I mean thereupon “WWW” during this post’s title. Let’s dissect them, shall we. the primary W comes from when, the second W comes from why and that i guess you already figured it out that the third one stands for what. So, when have you ever purchased your first crypto, why did you are doing that, and what made you opt to take a position fiat into such an asset.

    I’m answering first since I wrote the post so here’s my story. I bought my first cryptocurrency in October 2017 and that i stored all of the coins on a jaxx wallet, and October that year was actually my second plan to buy myself crypto. I had already tried to shop for an entire BTC within the summer of 2017 when it had been a touch over $3,000 but my bank transfer didn’t work well, so I got disappointed, and thought of that i would not try again. i assume I wasn’t too convinced about the longer term of crypto during that summer.

    What was my first crypto? Well, it had been Litecoin and that i actually bought ten of them for $50 each. I considered that stepping into the market with a smaller step it might be safer, a couple of months after the failing purchase. My trust wasn’t that strong even after the second attempt and that i dumped the LTC as soon as they need to $55 per coin. i used to be afraid to not loose all my money and cashed out at a $50 profit. a couple of months later it need to $360 and therefore the rest is history.

    What made me get into crypto was the time spent online a day to document myself about such virtual money after I found about them from a closed friend. He told me about BTC in July 2017 and once I first heard of it I instantly said to myself…PONZI. Being the sort of person who needs reasons and proofs, I entered a period of a couple of months, during which I almost daily watched youtube videos on the subject and skim all kind of articles on the web to ascertain if they’re legit or not.

    I got the taste of this at the start of November once I bought myself some ETH at $800 per coin, and from there I diversified the hell out of it, all the way down with the trend. I than invested in ETC within the middle of February 2018, right before its hardfork, and managed to urge to the surface with my total investment, but diversification was my name ever since, and honestly can’t say that I’m on profit with crypto.

    Not yet, because the market just started, but i will be able to definitely be proud of my choice of investment and that i truly believe that the last two years have taught me tons about crypto. Or a minimum of I tend to believe that I leaned anything on the way. i do not plan on holding forever like I did a year ago, or await exaggerated price spikes, that are real only in my imagination, but don’t plan on selling timely either. If i might involve the foremost important quality that the market placed on my shoulders, it’s definitely balance. you cannot time the precise bottom and neither absolutely the peak.

    It’s the meat in between that matters and that is what I plan on barbecuing for subsequent year to return . I’m curious though on how you guys entered into crypto and what are your “WWWs”. Hence be happy to share your story within the comments section and that i promise to be a pleasant guy and reply to every and one among you. Have an excellent day/evening peeps!

    BCH – qqlmem7zptxhxjvgdjnpw46axvvuldcmrswwprytyy

  • Great content indeed. To add up to the information above, Bitcoin halving is cutting the supply in half, cutting supply in half makes it more scare and make scare and makes it more valuable. It’s the law Law of Supply and Demand, lower supply but higher demand then the price would sky rocket. As of this moment, 2020 Bitcoin is well known to all around the country, so people are into it, establishments and even some companies accept payment through it. A lot of payments are being done through bitcoin and to be specific (deep web) use it as well (well came across while I do research so if you know deep web you would know what I am talking about.)

    Bitcoins deflation makes it scarce and as we know, when something is scarce, it has more value. The price would sky rocket for sure, you would see a freeze of price in market, a lot of assets would be pull out of trade, ready for what would be the final price. This coming halving I am indeed excited to see what would the outcome would be, how would people just rush sale or how they would play their own strategy to gain more. So it would be a battle and let us just hold back and see how it goes. There is still like 88 days 59 minutes and 18 seconds left, 12 May 2020 07:13:33 is fast approaching. See you there.

  • bitcoincash:qz54pfuglayw00xqa3axy2cw8gwp8he79q7s4gct50

    Could it’s a mix of all 3 factors?
    The Bitcoin’s rally from $6,400 to $10,000 is probably going to possess begun as manipulation from whales, supported the frequency and therefore the consistency of spoof orders. However, it’d have picked up retail interest, especially as investors in Asia began to accumulate Bitcoin in anticipation of the block reward halving which will occur in about three months. Although Bitcoin’s price is currently hovering at around $10,100, technical indicators don’t show overbought conditions nor signs of an area top, which could allow BTC to maneuver up further before it pulls back.

    Factor #1: accumulation of Bitcoin since December 2019
    On Dec. 28, 2019, Zhu stated that the BTC/USDT premium suggest investors were accumulating, and Bitcoin’s price could hit $9,000 by the top of January: “BTC/USDT premiums and price action show clear signs of accumulation and money flow back to risk. wouldn’t surprise me to ascertain 9K+ before the top of Jan.”

    At the time, Bitcoin’s price was hovering at $7,200, and at the top of January, as predicted by Zhu, its price peaked at $9,500. When the BTC/USDT pair was showing a premium over spot, it meant that the demand for Tether and Bitcoin was on the increase .

    According to cryptocurrency research firm Diar, the bulk of the on-chain activity of Tether in mid-2019 occurred in China. the quantity of Tether coming from Chinese exchanges was substantially above exchanges within the West. The report read:

    “On-chain data shows Tether movements hitting a replacement all-time-high for 2Q19 with one month left on the calendar for the amount . what’s most striking, however, is that the volume coming in and out of Chinese exchanges dwarfs western and global trading venues and accounts for quite half the entire transaction value of known parties.”

    Based on the premium of the BTC/USDT pair and China accounting for the overwhelming majority of Tether’s on-chain activity, it are often reasonably deduced that a lot of investors in Asia were accumulating within the final months of 2019.

    The gradual accumulation heading into 2020 was expected to be dominated by the narrative round the scheduled Bitcoin reward halving set to occur in May, established a robust foundation for an extended rally.

    Factor #2: whale manipulation
    Since Bitcoin’s price was within the mid-$9,000 range, Joe007 has consistently said that the rally is manipulated by fake buy walls and spoof orders. After Bitcoin’s price hit $10,000, the Bitcoin whale wrote: “I’m beat for an honest old BTC parabolic, but I’d wish to live within the end. But it isn’t possible if the worth is pumped up by overleveraged players within the face of low liquidity and weak fiat inflow.”

    The main argument behind Joe007’s statement is that the recent upsurge was triggered by other whales placing spoof orders across margin trading platforms to inorganically pump the worth of Bitcoin up.

    In margin trading, a spoof order may be a fake buy order of an outsized size created to steer others into buying into the market with the intent of pushing the worth up. When the worth goes up, the order disappears, hence the term “spoof.”

    While the Bitcoin rally began as manipulation from whales, considering the consistency within the emergence of spoof orders whenever the dominant cryptocurrency showed a symbol of a pullback, it remains unclear whether the movement to $10,000 and above is additionally being manipulated.

    Simply put, what began as manipulation can turn organic if retail investors start to urge involved and invest into the market out of fear of missing out. Throughout the whole run from the low $8,000s to $10,000, short sellers still place pressure on the market with large sell orders within the $9,000-to-$10,000 range.

    As Bitcoin’s price increased, it squeezed short contracts and pushed short sellers to plug buy, which then became buying demand that further led BTC to spike. Speaking about Bitcoin reclaiming the psychological $10,000 level, a cryptocurrency analyst referred to as Light said: “Markets seek liquidity. There are many millions in stops, liquidations and trigger orders hiding right above it. The prize is just too great to not be taken. there’s no real material sum of spot sellers who waited this long just to sell just before this leg’s climax.”

    The lack of fiat inflow has been described because the missing piece of the upside movement of Bitcoin from the $6,000s to $10,000. But, within the past several days, exchanges like Binance have began to see some inflow which will provide BTC the idea it must initiate an extended upsurge.

    Factor #3: rising on-chain investor activity
    Willy Woo, who has created various indicators that take both fundamental and technical factors of Bitcoin into consideration to predict its trends, said that the prospect of $10,000 being the highest is essentially zero. to elucidate the purpose , Woo showed a chart with the worth of Bitcoin alongside on-chain investor activity.

    The Realised Value to Transaction Volume ratio, as an example , is employed as a sign to seek out market bottoms and tops. When Bitcoin’s price reached $14,000 last year, the RVT ratio hit nearly 0.04. As of Feb. 10, the RVT ratio is hovering at around 0.018, which shows Bitcoin’s price is unlikely to possess topped. The ratio peaked at 0.12 when Bitcoin’s price hit $20,000 in December 2017.

  • Bitcoin halving happens every 4 years right? Does its price goes up when it halves or down? And its a new knowlegde to me that after the 2016 halving, its price went up to 2900+% thats a wow! Looking for more or your crypto explanation posts in the future! Thanks sir robert.

  • I think the prime reason for Bitcoins price rally is Halving. Thats the main factor why Bitcoin is Mooning right now and for sure now is the time to invest not only in BTC but also in altcoins. Its great to see that the Altcoin started to move for the first time in almost 2 years! No doubt this will attract new investors in crypto space and this is the opportunity we all have been waiting for!

  • Thank you for the solid article, DYOR never gets old in the Crypto Space. The article was very detailed look at the current Bitcoin price development and possible future after the halving. I totally agree that Bitcoin will not go down to 3k again and I surely hoping the Bitcoin price will rise after the halving. Fast or Slow and steady i don’t care too much, because I am here for the long game. Just hold your Bitcoin and don’t give in to FOMO!

  • The bull run is here!

    The halvening will not be an immediate spike I don’t think but give it 6-12 months and bitcoin is going to be at all new highs and I can see a top price of around $55k per bitcoin before the market settles again, eventually settling to around a $15k price before the run up to the 2024 halvening which will be the big one!!

  • The other day I was just thinking the same thing, those lower prices for BTC are not coming back anytime soon, they are definitely a thing from the past.
    I have been investing at different prices, I was a little bit in doubt about continuing buying at $10000 and up, but I can see a great growth with a decent pullback and that only means that we are entering into a healthy and steady market.

  • Those prices are definetely a thing from the past. After the halving, a new all time high is in the works. People and the market cap is growing, like hand in hand. More people are learning and educating themselves about cryptocurrencies.
    The financial crisis is happening in most countries, now that there is another option like Bitcoin, it is like a new beginning, a better economy.
    Thank you for this great article!

  • articles that make me confident that the price of bitcoin will continue to rise gradually, and can help the economy of this world.

    In the previous decade of 2010, 10,000 BITCOIN were only valued for two pizzas 😂

    Now 2020, the price of bitcoin has risen to 10,000 $ and 1 Bitcoin can buy 2000 pizzas.

    With a supply of only 21,000,000 bitcoins, I’m sure the price of bitcoins in the future is huge

  • Well said Sir Robert.

    We are now on the bridge, where the world is moving towards digital. Everything is going towards this direction, an inevitable fact. The question now is, which of the primary vehicles of human activities will follow after the great revolution set by block-chain in the financial aspect of a human affair?

    We are just lucky that this happens in our lifetime. However, this entails prime responsibility as well. The tremendous affirmative burden lies ahead of us. The task is in our hands. We need to shape the future towards a direction that we wish and want our sons and daughters to cherish and enjoy. It is up to us to determine the kind of life we want them to have. I guess this is the essential aspect of this bock chain innovation that empowers us– “bringing back the control of our lives to ourselves.”

    Indeed, for centuries, we saw significant changes and development in human affairs — the great evolution in the way we transact our daily financial life. The simple exchange of goods (barter) to the use of precious metals and the creation of coins and papers are remarkable. Man is so clever in finding ways to make one’s life affair better. However, in the process without knowing, we are lost to the system we created. We have slowly succumbed to those policies and instruments. Initially, they are for the service of the masses but end up in the whims and caprice of those who have the upper hand in society. At the end, we paid the price, it curtail our liberty to determine our way of life, our economic life in particular. The freedom which is the precious gift and power we ever posses, now is under the control and mercy of the system we created, the government.

    Moreover, this revolutionary innovation in our financial system, started and fueled by Bitcoin, will pave the way to reclaim our vital and inalienable rights of FREEDOM. I believe this one of the primary reasons or shall I say a fundamental reason why Bitcoin will continue to rise and lay down the ground towards mass adoption.

  • I would also add that it is obvious that during the various crisis fiat money is becoming more and more obsolete! For example Venezuelan currency is worthless for people there because of the skyrocketed inflation, another example is China where people can not use their money beacuse of Corona Virus complete Shutdown of their cities . All this is yet another example why Cryptocurrencies will attract more and more people to use it in everyday transactions.

  • No doubt, I also have a positive feeling this is the start of a new era in the emergence of Bitcoin and cryptocurrencies at large and I strongly believe the days of $3,000 to $6,000 BTC is a thing of the past just as you said.

    You gave four good reasons as to why you think BTC has been experiencing an upsurge in Price for the past few months. Even though those reasons are all sentiments, I think they are very strong and well-deserved reasons and I sure inclined my head up and down in agreement to each of the reasons you gave while I was reading this interesting topic.

    I think there might be more to the reasons why Bitcoin has been experiencing a surge in Price in addition to the ones you stated above. As we all know, there have been a divided sentiments amongst investors and crypto enthusiasts around the recent Bitcoin’s price rally. Different people have been coming up with there own sentiments just as you have done. However, I think the Bitcoin’s price rally can ultimately be said to be based on seven broad factors in addition to the ones you’ve given (of which I will be stating another three factors based on my own sentiment).

    Manipulation of Price by Whales: I was going to buy and add to my Bitcoin portfolio, then a thought came into my mind and I asked myself “What if this spike in Price was as a result of a whale manipulation who wants us to get trapped in the trade for them to make more profit from our own fear of missing out (FOMO)?” Despite the fact that this is just my own personal thought, am sure you will all concur with me that it is a valid sentiment that is capable of acting as a major factor behind the Bitcoin’s price rally.

    Accumulation of Bitcoin by Investors: Owing to the fact that the Bitcoin reward halving is scheduled to happen in less than four months from now, I want to believe a good number of investors must have been accumulating Bitcoin, most especially because history have proved to us that there is always a surge in the Price of Bitcoin whenever a Bitcoin reward halving occur. Since investors are accumulating, then there will sure be more demand than supply which in turn triggers a surge in the Price of Bitcoin.

    Rising Hash Rate of Bitcoin: I was having a chat with one of my friends on Telegram few days ago, and we were discussing about what might have triggered the surge in the Price of Bitcoin for the past few weeks, and he did came up with a reasonable point saying “The Bitcoin’s price rally might have been as a result of the rising hash rate of Bitcoin which has hit all-time high over the past few days. I asked him how and why? He went further to say this is because Bitcoin’s increasing hash rate has created a potential linkup between Bitcoin and the necessary features it needs to act as a digital gold. I tried doing a little research on it and found out that history have it that “rising hash rate has always triggered an increase in the price of Bitcoin”.

    In conclusion, what if the factors behind the Bitcoin Price rally is a combination of all the four factors you gave, in addition with the three factors I gave? Even though It’s something that is very possible, no one knows for sure. It’s all sentiments. I think what matters most is that we continue to experience this surge in price whatever the reasons behind it might be. I hope to see the price of Bitcoin hit $100,000 after halving. All in all, I see us reaching mass adoption pretty soon in the nearest future.

    Thanks for sharing with us this awesome article sir. This really triggered the writing spirit in me. Stay blessed!

  • Well Said Sir.

    We are now on the bridge, where the world is moving towards digital. Everything is going towards this direction, an inevitable fact. The question now is, which of the primary vehicles of human activities will follow after the great revolution set by block-chain in the financial aspect of a human affair?

    We are just lucky that this happens in our lifetime. However, this entails prime responsibility as well. The tremendous affirmative burden lies ahead of us. The task is in our hands. We need to shape the future towards a direction that we wish and want our sons and daughters to cherish and enjoy. It is up to us to determine the kind of life we want them to have. I guess this is the essential aspect of this bock chain innovation that empowers us– “bringing back the control of our lives to ourselves.”

    Indeed, for centuries, we saw significant changes and development in human affairs — the great evolution in the way we transact our daily financial life. The simple exchange of goods (barter) to the use of precious metals and the creation of coins and papers are remarkable. Man is so clever in finding ways to make one’s life affair better. However, in the process without knowing, we are lost to the system we created. We have slowly succumbed to those policies and instruments. Initially, they are for the service of the masses but end up in the whims and caprice of those who have the upper hand in society. In the end, we paid the price; it curtails our liberty to determine our way of life, our economic life in particular. The freedom which is the precious gift and power we ever posses, now is under the control and mercy of the system we created, the government.

    Indeed, this revolutionary innovation in our financial system, started and fueled by Bitcoin, will pave the way to reclaim our vital and inalienable right of FREEDOM. I believe this one of the primary reasons or shall I say a fundamental reason why Bitcoin will continue to rise and lay down the ground towards mass adoption.

  • BTC is a financial reality. Point Interest from all financial wolrd is a matter of fact so, when price find a good base like 0.618 retracement from previous june hagh, investors buy it and price raise. Eventually the halving event remembers us that BTCs produced will be less and this is an deinflationary feature that investors love in BTC and in cryptos the most. qrl0lk2vyq0tatf0px0chlnw6d2js63rdsyucyumt3

  • No doubt, I also have a positive feeling this is the start of a new era in the emergence of Bitcoin and cryptocurrencies at large and I strongly believe the days of $3,000 to $6,000 BTC is a thing of the past just as you said.

    You gave four good reasons as to why you think BTC has been experiencing an upsurge in Price for the past few months. Even though those reasons are all sentiments, I think they are very strong and well-deserved reasons and I sure inclined my head up and down in agreement to each of the reasons you gave while I was reading this interesting topic.

    I think there might be more to the reasons why Bitcoin has been experiencing a surge in Price in addition to the ones you stated above. As we all know, there have been a divided sentiments amongst investors and crypto enthusiasts around the recent Bitcoin’s price rally. Different people have been coming up with there own sentiments just as you have done. However, I think the Bitcoin’s price rally can ultimately be said to be based on seven broad factors in addition to the ones you’ve given (of which I will be stating another three factors based on my own sentiment).

    1. Manipulation of Price by Whales: I was going to buy and add to my Bitcoin portfolio, then a thought came into my mind and I asked myself “What if this spike in Price was as a result of a whale manipulation who wants us to get trapped in the trade for them to make more profit from our own fear of missing out (FOMO)?” Despite the fact that this is just my own personal thought, am sure you will all concur with me that it is a valid sentiment that is capable of acting as a major factor behind the Bitcoin’s price rally.

    2. Accumulation of Bitcoin by Investors: Owing to the fact that the Bitcoin reward halving is scheduled to happen in less than four months from now, I want to believe a good number of investors must have been accumulating Bitcoin, most especially because history have proved to us that there is always a surge in the Price of Bitcoin whenever a Bitcoin reward halving occur. Since investors are accumulating, then there will sure be more demand than supply which in turn triggers a surge in the Price of Bitcoin.

    3. Rising Hash Rate of Bitcoin: I was having a chat with one of my friends on Telegram few days ago, and we were discussing about what might have triggered the surge in the Price of Bitcoin for the past few weeks, and he did came up with a reasonable point saying “The Bitcoin’s price rally might have been as a result of the rising hash rate of Bitcoin which has hit all-time high over the past few days. I asked him how and why? He went further to say this is because Bitcoin’s increasing hash rate has created a potential linkup between Bitcoin and the necessary features it needs to act as a digital gold. I tried doing a little research on it and found out that history have it that “rising hash rate has always triggered an increase in the price of Bitcoin”.

    In conclusion, what if the factors behind the Bitcoin Price rally is a combination of all the four factors you gave, in addition with the three factors I gave? Even though It’s something that is very possible, no one knows for sure. It’s all sentiments. I think what matters most is that we continue to experience this surge in price whatever the reasons behind it might be. I hope to see the price of Bitcoin hit $100,000 after halving. All in all, I see us reaching mass adoption pretty soon in the nearest future.

    Thanks for sharing with us this awesome article sir. This really triggered the writing spirit in me. Stay blessed!

  • qrvlrn3r6tjtdl07kgrvj45zxh24ukmcxsxfe393g2 is the future and everybody start believe in CRYPTO.. the best way to earn and keep safe ur Money!!