What causes Bitcoin prices to skyrocket?

What causes Bitcoin prices to skyrocket

It is nothing new that Bitcoin experiences extreme price increases in a rather short amount of time.

But what are the factors that influence this extreme behavior?

Let’s find out in this article!

A big reason for Bitcoin’s rapid price increase comes down to the fact, that there are many institutional investors starting to invest in Bitcoin.

These big investment firms have so much money in their portfolios, that even if they just allocate a small amount of their portfolio to Bitcoin, it still is a huge amount of money, and can impact the price drastically.

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Bitcoin: Wildly Accepted, Yet Not Widely

The Evolution of Bitcoin

Of all the innovations that this world has seen in centuries up until recent times, blockchain ranks among the best. Blockchain technology was invented by Japanese named Satoshi Nakamoto in 2008. Although, it appears that the identity of the said inventor is a mystery with only a few details known.

The blockchain technology is truly what the world needed at the time he invented it. It is a decentralized, open, distributed ledger which records transactions between users efficiently and permanently.

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The Close Ties Between Tether and Bitfinex: Should You Be Concerned?

On March 21, Tether issued another 300 million USDT. What’s the big deal, you may ask? If you want a stablecoin, Tether’s value tends to hover around $1, making it useful for moving money between exchanges without touching the banks.

In fact, that’s what a lot of traders do. However, the value of Tether becomes a concern when you consider the fact that Tether is very vulnerable to investigations, has ties to Bitfinex that may be a little too close to comfort, and may not survive an effective bank run in which several large bagholders attempt to exchange their USDT for fiat all at once.

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Is Cryptocurrency the Future of Online Trade?

Cryptocurrencies stepped into the world as a means to move away from conventional ways of doing business. Not that having the intricate financial system carry out transactions was a bad thing. It was just rather slow, and a more reliable way to do business across borders was necessary. Of course, things haven’t changed much ever since. The financial system is still very much intact, and crypto assets, while popular, are still scrambling for purchase.

How likely is it, though, to see crypto money replace our well-established ways of doing business? The answer lies in asking ourselves what we understand about cryptocurrencies.

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Are Bitcoin Faucets A Scam?

Are Bitcoin Faucets A Scam

Bitcoin faucets have traditionally been a popular way for newcomers to Bitcoin to get their first small amounts of Bitcoin. Find a good faucet rotator and you could theoretically earn a decent amount of Bitcoin by remembering to hit the faucets every hour or so.

One potential problem with this, though, is that faucets are sometimes accused of being scams designed purely to earn advertising fees for the owners with no intention of ever actually paying out.

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Should I Sell My Bitcoin in 2018 – Or Should I HODL?

Should I Sell My Bitcoin in 2018 - Or Should We HODL

With multiple Bitcoin hard forks, or splits of the Bitcoin blockchain into two, looming on the horizon, it’s easy to get caught up in the hysteria and be scared of what will happen to Bitcoin (and its price).

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Top 5 Reasons Africans Need to Learn Bitcoin and other Cryptocurrencies

When Satoshi Nakamoto (pseudonym) came up with the bitcoin concept in 2009, he may not have envisioned that in less than a decade there would be more than 800 other cryptocurrencies, all gearing towards global freedom from FIAT currencies.

And as this journey continues, Africa must not be left behind in the financial revolution and evolution of our times. When history is being written, and when it shall be read, it would be important that Africans do not become a loose thread in the economic fabric.

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Can the Government shut-down Bitcoin? What This Means to You

Can the Government Shut Down Bitcoin?

According to the law of the land, the government of any country holds the ability to enact any number of prohibitive legislation that applies or relates to any behavior or activity.

Legislative reforms like these are used by the government to distinguish and control activities that are legal from those that are banned or regulated.

Speaking from a strictly technical viewpoint, the 2012 European Central Bank Report on Virtual Currency Schemes of late 2012, states that there is no legal argument preventing nations from regulating or banning virtual currencies.

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