BTC HAS LEFT EARTHS ORBIT AND IS ON IT's WAY TO THE MOON

in #cryptocurrency6 years ago (edited)

BTC is going crazy once again and it seems like it is finally ready to break the 10k mark. Even though BTC has some serious problems lately with the huge transaction fees and very long transaction confirmation times but it seems like none of that matters as it keeps reaching new all time higs every day. I am no expert and I can't tell you why this is happening and would love to hear your opinion.

What is causing this price bull run even though btc is facing some serious problems currently?


Source

BTC MARKET STATS



BITCOIN'S BULL RUN


+220% in the last 3 months

Everynone hang on tight because it looks like BTC is going to the moon!


LETS JUST HOPE STEEM FOLLOWS THE SAME TREND :)



Source

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I think bitcoin's price rise is because of two main factors

  1. the fame it has got being the first cryptocurrency
  2. The massive numbers of new investors/people entrying into crytocurrency market everyday. For the amateur/novice/less-educated investors, wanting to invest in cryptocurrency for the first time "Bitcoin" is synonym of "Cryptocurrency".

Even when I was unaware of cryptocurrency, I remember, I heard the word "Bitcoin" and heard about its popularity and profitability, way before hearing the word "cryptocurrency".

sold my einstienium before it went up. Rip

went Bitcoin become unbuyable people will start going for other altcoin

This post has received gratitude of 7.09 % from @appreciator thanks to: @runicar.

Mis sueños de comprar bitcoin se destruyeron :(

This post has received a 10.25 % upvote from @booster thanks to: @runicar.

I see btc always taken the front seet when it comes to crypto bcos its the 1st alt coin and has good value i dnt tink any other coin will overtake btc in the nearest future

It is realy crazy!

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