Quote from: pooya87 on May 29, 2019, 04:40:58 AM

the reason is because you forgot to ask why bitcoin price dropped 50% in 5 months ago so now you are confused about why the price is rising back up to where it belongs. none of the things said in that article are correct because the reason is simply because we were underpriced (in a reverse bubble) which needed to be corrected and now it is starting to be corrected.

- Mining Rewards Halvening
we are far away from this to be an actual reason!

-Trade Wars
that's just nonsense because bitcoin is not used in any of this "war" between China and US to be affected by it. you could have used it as a reason only if people were using bitcoin as their import export currency for trading.

- Tether
this is completely irrelevant not to mention that the article is stupidly claiming that people sold Tether for USD and then bought bitcoin with it!!! which caused the price rise.

- Institutional Money
this has not yet happened in any meaningful big scale. it has been happening slowly so it can't be the "new" reason for the "new rises"

The factors in the article definitely helped contribute

1) the mining rewards halvening tends to kick in a year early
2) there is a lot of uncertainty around the Yuan and Chinese investors are buying Bitcoin as a safety asset - not for trade
3) Yes, that's exactly what happened, people exchanged their USDT for BTC
4) Agree with the last point, nothing yet but there has been a lot more media coverage

There haven't been any real improvements to Bitcoin to justify such a quick price jump IMO (still slow and high fees). I am long on Bitcoin, would just like to see it grow from real utility at a sustainable pace.

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