Why is btc rising now ?

3

360MOB

Banned - Abuse of Staff

Jan 6, 2017

443

339

• Nov 12, 2020

• #61

S.B.C said:

paypal will be freezing accounts due to suspicious crypto transactions 24 7, it will be a disaster for users.

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aaah shit haha! big news!

 

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Nov 12, 2020

• #62

sumair7230 said:

lol you will be surprised, it will free fall again

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free falls happen often in crypto, sure it'll happen, but $1k is not happening. Like i said, $9k doable, but not much under that
.... but our opinions our our own, good luck with yours lol

 

P

Perry8

Newbie

Feb 27, 2020

46

15

• Nov 12, 2020

• #63

Maybe it is not BTC that increases in value. Maybe it is money that decreses in value.

Year-on-year increase in US money supply in August was nearly 25%. At this rate we will probably hit 40% this year.

https://www.ft.com/content/9f9db6c2-b03b-4a97-acfe-2a6220b6dd29

 

Castamir

BANNED

Sep 4, 2019

1,200

1,058

• Nov 12, 2020

• #64

Please are getting this wrong.

Bitcoin is rising because it has a KNOWN limited amount in circulation unlike Gold. That makes it valuable since you can only get a minor percentage of what's circulating and other people still want it.