It is very easy to increase bitcoin, just by it with your cash.
how much you cash money to buy bitcoin can incraese bitcoin price
you can see youre portofilo you can pump bitcoin price
If many people will like to increase the price of bitcoin and they all will promote bitcoin in their places and more and more adopters will come then it will be easy to increase the price of it.
i agree with you if we promote bitcoin in our places or in our area and introduce it to other people who do not aware about bitcoin and if we invite people to use bitcoin and invite them to trade with bitcoin then i hope bitcoin adopter will be increase and bitcoin price will be also go to higher value.
i think a lot of people promoting bitcoin in their place because bitcoin price are getting stronger too much faster everyday and a lot of people investing their money in huge amount in bitcoin.
when price goes up and when everything looks good, bitcoin automatically does the promotion itself and doesn't need anything else to do the promotion for it.
and also media in times like this becomes helpful when it is all talking about the rise and how bitcoin is growing faster than gold and it is better than gold.
what people do is because bitcoin is decentralized and it is all peer to peer so we as peers have to tell others about bitcoin, cause nobody else will.
I agree with that. If they see that bitcoins price increases . Then that's the time they are starting to buy bitcoins and bid for higher prices. In this case, it will create a chain reaction and others will do that also.
Its price depends on how we use it and how many coins we are holding. No one can manipulate its price easily unless they have a large amount of USD to pump or dump the coin.
Too bad because those people that chased the price increase are probably thinking that if the price goes high enough, they are going to earn profit by short trading. In reality, they are the ones that are probably going to lose money.
The chart is accessible by everyone that's why it creates such chain reaction. When the price of bitcoin is decreasing a lot, there would be people that are going to sell their coins as well even though they never planned to do so the moment before. That's why the price goes down more than it was should.