4 reasons for a rapid growth of Bitcoin.

in #bitcoin7 years ago

Hi steemians!


Now we are all watching a very rapid growth of Bitcoin. Looking at what is happening, it's already getting me scared. Everyone writes news that Bitcoin has crossed the mark in 13k, 14k and is approaching 15k. But, why does everything happen so quickly?



There are several reasons for this. That is only my point of view.

  1. Last night, the Lightning Labs development team successfully completed the validation of the Lightning Network version 1.0 protocol: briefly, the protocol allows for instant transactions in bitcoins, as well as work with microtransactions. This is a big step forward and the reason for this growth overnight.

  2. The intentions of the Chicago Stock Exchange (CBOE) and the Chicago Mercantile Exchange CME Group to launch the trade in bitcoin futures that start on December 10 and 18 were the cause of strong growth to 12k, add to the growth and now.

  3. On December 4, a test network RootStock was launched (I wrote about it earlier, a sydchane that allows to create smart contracts on bitcoins). I think that could have affected good growth, although not many people know and heard about RootStock in general.

  4. Also, one of the reasons for such rapid growth, was the fact of reaching a psychological mark of 10k. Almost all the largest non-crypto publications wrote about this, drawing attention to the bitcoin of a large number of people.

If it were not Bitcoin, I would advise urgently to withdraw money. But to foresee or understand the philosophy of the movement of its price is extremely difficult or even impossible. Already a lot of factors affect its value. I always said that the analyst is powerless here. Something tells me that the big players will want to somehow make money before December 18 and arrange a couple of dumps (price drop).

Something too all fabulous here, can not all last so long. To buy now is not worth it, it's better to wait for some kind of fall. But do not go out, keep bitcoin for a long time.

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If you don't buy bitcoin NOW, you will live a life of regret.

ahaha, nice prediction)