Quote from: zaim7413 on Today at 12:30:10 PM

Quote from: Researchoo on July 03, 2023, 11:37:35 AM

I'm curious about the recent pump in Bitcoin's price. What are your thoughts on the factors that contributed to this surge? Do you believe it was primarily driven by positive news, investor speculation, increased mainstream awareness, or a combination of these factors? How do you think this pump will impact the overall cryptocurrency market? Looking forward to hearing your insights and opinions!"

Basically the price of Bitcoin is influenced by demand and supply in the market, logically if the demand for purchasing power of Bitcoin in the market is higher or exceeds supply then the price of Bitcoin will rise. Investor actions that hold more Bitcoin can affect Bitcoin prices due to increasingly limited supplies, news presented about Bitcoin can also trigger Bitcoin price movements. The views of government agencies (Regulation) on Bitcoin can also affect the price of Bitcoin.
The price of Bitcoin will continue to change as investors, users, and the government respond positively to Bitcoin as a capital asset.

That is the simplest terms, people should realize that it's all about buying and selling, nothing more. If the market is willing to buy more and more then we are going to see it do very well, if the market just wants to sell and get rid of then we are going to see it do terribly. That has been the way any market has worked for a long time.

Even for simplest things, like let's say tomatos, if in a single season tomatos are not sold very well and people are not buying it for some reason, the price of tomato will fall just to sell it before it goes bad, but if people are buying it a lot, there will be less left and the price would go up. That's how it all works and I believe that should be the same thing with bitcoin as well.