Expanding on The Cryptoverse's Top 5 Reasons Bitcoin Has Gone Up

Chris Coney (Hive account@marketingmonk) from The Cryptoverse posted a wonderful video today on the Top 5 Reasons Bitcoin Has Gone Up:

https://steemit.com/bitcoin/@marketingmonk/top-5-reasons-why-has-bitcoin-gone-up

These are great reasons and a wonderful format that Chris used to present.

I'm a fan of summarizing and summarizing again, such that you get concise, meaningful 1-3 words. This allows me to remember it better. Not only that, if I can't summarize it to this core set of words, then either my vocabulary needs improvement, or I'm probably not focused enough.

After reviewing his list, I'd summarize his list as follows:

1. Relative Size
2. "Buy the Dip" mentality
3. Synchronized Marketing Event
4. Abnormally Large News
5. Speculation (FOMO/Momentum)

I'd separate plumbing out to have it's own number, and reworded since it's only slightly related to FOMO. I think FOMO is there, but Infrastructure enables it.

1. Infrastructure

And on top of that, Infrastructure should actually be split into two different types of infrastructure:

1. On-ramp Infrastructure
2. Quality of Roads

The On-ramps are the ins and outs from FIAT to Crypto and the Quality of Roads item speaks to the improvement of the cryptocurrencies themselves. I'd say those are different enough to warrant focused attention.

The improvement of cryptocurrencies include Lightning Network, bug improvements, any other scaling progress (in all coins), the enhanced competition all the coins experience from each other, more people joining GitHub and contributing, and even regulation that might support or challenge crypto.

In addition, regarding On-ramps, I'd think that those pipes and plumbing lines that you show between the nation flags / FIAT and into bitcoin would visually be more powerful as shown between the small orange and big orange, since that's essentially what you're showing.

So, you'd show the big orange separated a little bit, then show the pipes in 2017 being thin and only going to the bitcoin sub-section of the crypto bubble, since fiat really and primarily only had pairings with BTC.

You'd also potentially show piping between bitcoin and all the other alts. XMR, USDT and ETH had a few small pipes in 2017, but pretty much BTC had the lion's share of inroads to/from FIAT and to/from BTC.

Then through end of 2017 and all throughout 2018, we got more and more pipes and the pipes got bigger.

• FIAT <-> BTC
• FIAT <-> alts
• BTC <-> alts
• various alts <-> alts

I think this is a major reason why BTC reduced in price - it stopped being the main toll road between FIAT and all other crypto.

So, there you have it, GBUWALLY's 7 reasons Bitcoin has gone up recently:

1. Relative Size
2. "Buy the Dip" mentality
3. Synchronized Marketing Event
4. Abnormally Large News
5. Speculation (FOMO/Momentum)
6. On-ramp Infrastructure
7. Quality of Roads