Topic: 3 Reasons why Bitcoin is Going Up! (Read 788 times)

That is a very great news, it only means that cryptocurrency is slowly being accepted on the country and people will also start to recognize bitcoins and will be use for our daily transactions in the future.

Reality indeed, this reasons are the most common factors that bitcoin gathered its support, with how the social media influences the flow and with how
investors begins to realize the potentials of this investment, most of the time after some mistakes in investing your money people will continue to look
for any chances and they find bitcoin as another good ways, then after that the real usage will also help the value become demanding placing the value
to rise up as many will hold it up to use in their business for much easier transactions.

If other currencies recognize inflation or decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin which makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction in the virtual currency supply

First thing is that people are continuing to understand bitcoin because of social medias promoting cryptos and how great of a benefit it could be to the people. Second thing is that people are starting to realize that bitcoin is real and is not a scam. Last thing is that bitcoin would be a great alternative payment system.

Here is the #3 reason that was left out of the initial post: Tax Season Blamed for Bitcoin Sell-off, Rebound Predicted on 17 April 2018 !!! Taxation and the Bitcoin Price Sell-off. In recent months, the Bitcoin price declined by as much as 65% compared to late 2017. There are many different reasons as to why this has happened. One potential outcome is the taxation season. More specifically, people noted a lot more capital gains tax in 2017 than expected. Regardless of current market movements, these taxes still need to be paid.
 Personally I don’t think that any Muslims were waiting around for a confirmation on the conformity to islamic law before investing in crypto. Any one with common sense who is aware of the concept of what is considered haram or halal could easy obtain that crypto is just fine to use.

After a lot of struggle the bitcoin prices have managed to recover once again increasing the faith of investors in it and as bull run continues the huge investments were made few days back boosting the market cap of bitcoin and leading to price surge. The reason one which you have mentioned could be one of the possible explanations for price boost as yahoo supporting it give faith to its users and governments have also realized that inspite of its warning it can't stop the growth of crypto market. You second reason for relating it with particular religious group seems absurd that any religion don't ask to invest or stop investing in such currencies so i personally don't think this reason valid.There might be some other reasons of which i am not awared.

Bitcoin is main part of the cryptocurrency market. There are various other cryptocurrencies which are finding interest among investors. Many experts believe that while most of the countries and authorities concentrate on Bitcoin, the other cryptocurrencies will also flourish.Many investors also believe that the entry of institutional investors will make a significant impact on cryptocurrency prices. Already, quite a few platforms are offering Bitcoin futures trading. While this might bring in more investors to the table but the volatility can also increase.

Good analysis. The price around $6K is really a quite good buy for all of us and they say that this is the bottom price that's why it make sense to get and purchase it and not wait for the price to go even further. However, we have reached the top again at around $9500-$9700 depending on what exchanges you look the price. So if everyone is hoping that the price could go as high as $10K, then its put on a temporary hold so we must all wait again.

The main reason for the growth of bitcoin is very simple, it was too cheap, this is very similar to what happened when bitcoin was close to 20000 dollars it was impossible to maintain such an expensive price, so when people saw that the price was 6000 dollars they could not let go the opportunity to buy bitcoin for those prices.

Decentralization make Bitcoin so speculative , no one could affect the market , no regulation can affected it. It's about us who play in there , no one there but each of us make a buy and sell speculation continuously.
Those factors , those reasons acts as fundamental , you can rely on it but of course not a single view from the fundamental only , there's a technical factor also who can make you confident enough to consider it as the biggest thing influenced the price movement.

If Google ban ICO adverts it may affect the price because when china banned bitcoin the price dropped from 4500 dollars to 2600 dollars, but now they allowed their people to trade in bitcoin. People are inviting in bitcoin, many governments accept bitcoin as their legal currency and the outstanding features of bitcoin are the reasons for rise in price.

One thing that should be noted well, betatapun rise in exchange rate bitcoin, still no one 100 percent predict the future. Everything about the digital currency can change at any time.

Go away from investment in cryptocurrency if you worried the price bitcoin will fall, this is not your place.

The increased price of cyptocurrency is normal, it can happen all the time. If you are afraid of falling prices why you are happy when prices rise. Many of the causes of bitcoin prices will go down, not just bad information. Day trading will affect the price of bitcoin every second. You should know, cryptocurrency have a fluctuation price if you want to be comfortable at investing cryptocurrency then you have to familiarize with the volatile price of cryptocurrency.

the most important is the support of bitcoiner around the world. with the definite support the bitcoin will go up and with the investors to get more excited to invest the money of course bitcoin will also go up. which obviously is for bitcoin can rise in price it with the support of its own users

Reasons foe the rise in Bitcoin value can be the only reason and that is the demand of people all over the world people are in positive mood about Bitcoin due to its functions and advantages and solution for their problems that is why the whole world is crazy for it to put up with in the right means. Other than this the positive news also plays a good role that encourages people to invest.

When there are no financial hazards in the world and there is no terrorism, the economy of the countries will be better and their people will be prosperous. When they have money for investment in bitcoin, the price will grow more and more. Some good steps for the promotion of bitcoin also cause for growth in the price. The importance of bitcoin also the reason for its rising price.

Well it's nice to know that the Islamic Scholars find bitcoin to be in line and fitting under the Sharia Law.

This increases the audience of bitcoin in a very lawful way which is good for the crypto economy as the demand could rise exponentially.

There are so many instances why bitcoin is going up but one thing is for sure investors are the biggest impact in the world of cryptocurrency. Prior to one's name and volatility,it is not the reason for bitcoin to give up because of critics of the media. However,at some point why it grows because the more it is talked about the more will invest because it is one of the hot isuues globally. And,lastly bitcoin continue to grow because of the help of internet and avid supporters of bitcoin that are so much influenced.

Indeed, we are actually have some reasons why we are still and believe in bitcoin too, and that is one of the main reason why bitcoin still existing until now because of the big innovation it brings in our life, a lot of people are also encouraged to do bitcoin.

Also if you can check the chart of ethereum you will notice that Ethereum is drawing a nice cup and handle pattern.
If you are familiar with trading patterns this will lead you around 1500$ in a month.
Don't miss this trading opportunity guys.

Desperation at its finest.
Move of the whales has been influential since then. Before we all thought that it's more of the thing about demand but yes demand is there and it is being pumped by one big whale.

We cannot find any reason why we should not use bitcoin as money because cryptocurrencies discovery is so important that the advantages is more high and nice than its disadvantages. The comments by the Islamic scholar impact the market more than any of those other factors because many people really appreciate those comments.

Value and bitcoin prices are designed to grow over time. some people move on to bitcoin due to saturation in the use of banknotes, and most importantly the smaller Global Currency Reserve Value while Bitcoin Grows Bigger

It seems people will always speculate and find a reason for a particular action in the market. It is a speculative market anyway, so we should always expect some few little things to affect the market value once in a while. Nevertheless, we cannot say exactly what must have triggered that value, as it may not even be any of that, but whichever way, the price shot up but the question now is can we continue with this trend or we are going to still go back lower ? Let's see how it plays out in time.

I don't think Google ban ICO averts will affect to Bitcoin, even Bitcoin is using for almost ICO, but value of Bitcoin not depend on any ICO.

We know how richest muslims are,and if the number 2 reason is indeed for sure were be in Moon now so i doubt thay news,if really Muslim community or scholars has their interest in cryptocurrency specially bitcoin for sure the market cap will rise atleast 25-50% because of the investment what muslim brothers can give,

And out yahoos investing in crypto its not that big impact because only japan's yahoo is getting involved not the whole world

Bitcoin was the first crypto currency and Bitcoin is being adopted very fast as main stream and people believe in 5 years it shall become mainstream.Bitcoin holds 50%+ market capitalization of all crypto currencies.Digital Currency – Next generation of money and has tremendous utility

Clickbait title, forced the user to visit the website source to see the third reason. Why you are not just put all the article in the thread.
Actually, we see an unusual move that BItcoin make, that make any technical analysis flags not reliable. And I believe it coordinated move by the whales, it is really a positive sign since whales are interested yet again in the market.

Good knowledge 
 

I think you have a point on why the bitcoin price surged. And I wish some more information is give for reference purpose. It will an additional guide to long time investors.

For no 2, I respond to the following:
most Muslims around the world still hold sharia rules as laws in life.
With the exception of sharia rules already in the holy book, a fatwa issued by a fatwa institution or a great scholar in Islam will affect globally.
The view or response of the great scholars about bitcoin will significantly affect the value of the crypto currency.
But in this case I have not seen or heard any news about the fatwa related to Bitcoin.
I think Muslim people who are in the cryptocurrency business still analogize this crypto currency as a digital asset that is allowed in Islam to be traded.

I remember some article spoke of crypto been bad for Islam
(here+https://www.alaraby.co.uk/english/blog/2017/12/6/digital-currency-bitcoin-forbidden-in-islam-rules-saudi-cleric)
but with this new finding of Bitcoin being Compliant With Sharia Law.....................................................................

I think its good driver for current crypto demand and I think people realized that for their altcoins value to raise the easiest way is to push bitcoin demand.

Japan is very open to new technology and no doubt the crypto currencies embrace by the Japanese. Good news that yahoo Japan entering the crypto currency to make bitcoin more popular with the help of Yahoo. Very Wow that our our friends from muslim will entering also the world or digitalk currencies without restriction to them. Hope the popularity of bitcoin continue to growth.

#Taklimakan

Investors are buying and buying bitcoin as the price of bitcoin rises because if the investor does not increase its price and that's why its price rises and the buyer has a large amount of bitcoin

Wow that's good news i hope bitcoin will continue this going to the moon and other alts will involve too.

High market demand, high popularity grows and the total positive trust of people are now highly develop to the top on which more investors trust to invest crypto business. These are most common three reasons why bitcoin price increased.

For me whatever reason is I just trust bitcoin that will rise again and it bring changes to the world, I just buy and hold and wait what's happen then, but i'm sure that this is the time that bitcoin will start to rise continuously up to December this year.

   Well for me i think the three reasons why bitcoin is going up because first more investors are investing in bitcoin. Second,the buyer of bitcoin in crypto market increasing and the third the number of people do panic selling,FUD's and has a negative thought about bitcoin are now decreasing. Price of bitcoin are always base on the law of demand whatever may happen to the world.

Three reasons for the rise in the market today are:
1. Big corporations around the world have invested heavily in bitcoin like Samsung.
2. Some countries accept payment of salaries for officials as in Switzerland. This proves that bitcoin exists long term.
3. High Bitcoin.

Supply and demand are the two most fundamental concepts in modern economics, and they have a dramatic impact on one another. If demand outstrips supply, then prices tend to rise. However, if supply is greater than demand, prices tend to drop. This is true in every deregulated market, and is essential for understanding the increase in Bitcoin’s price. The higher the demand for bitcoin, the higher prices will be.

 some experts think bitcoin’s upturn was inevitable as the markets begin to correct themselves.
The market has been carnage and a lot of investors are starting to take a step back and breathe
a sigh of relief as the price has stabilized.

The main reason why bitcoin has increased lately is because of the rise of altcoins. Many altcoins have risen significantly and this rise lifts up the whole crypto market, including bitcoin. Another reason is the Asian market, where bitcoin hit a four weeks high.

The price is doing very well considering Google may ban ICO adverts. However the history charts point towards big increases in price.

Yup, these are one of the numerous reasons why bitcoin is about to go up, but one of the more reasons I can give you why bitcoin has a shot this year on rising up. First thing is that people are continuing to understand bitcoin because of social medias promoting cryptos and how great of a benefit it could be to the people. Second thing is that people are starting to realize that bitcoin is real and is not a scam. Last thing is that bitcoin would be a great alternative payment system.

From observations and browsing that I do, there are several reasons behind the continued rise in the value of Bitcoin. Anything? Here's the list.
Bitcoin is designed to experience deflation

1. Bitcoin is indeed made for deflation
if other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin that makes the value of Bitcoin increasingly uphill.
2. Countries Begin to Look at Bitcoin as a Payment Alternative.
this step starts from a Chinese country that is beginning to consider using Bitcoin as an alternative payment.
3. Increasingly Used Digital Payment System. as you may know, nowadays, in almost all deals involving online shop or e-commerce have started using digital payment system .

       Bitcoin price depends on several factors the reason for Bitcoin price growth is legalization of Bitcoin in Japan that leads to trade more in business and traders transaction is done in Bitcoins. Bitcoin is limited to  21 million and according to the law of demand and supply the demand is more and supply is less the price will increase naturally. So accordingly the world wide demand for Bitcoin will generally increase the price rise of Bitcoin.

Bitcoin is trading at its highest price in almost two years, driven by several factors including market conditions in Asia, according to experts in the cryptocurrency.

The online currency ended Monday at around $542.77 and hit a high of $548.5 on Tuesday. The price has surged in the last week, climbing 22 percent since last Monday; year-to-date the price for bitcoin has increased by 25 percent.

As a result, this is the highest price bitcoin has reached since August 2014. CNBC examines three reasons to explain the rising price.

What you have cited is not the only reasons for the growth of Bitcoin, there are so many reasons that can be cited but yes, your reasons are some of them. Many adopt Bitcoin as their method of payments and their adoption is another reason for the growth.

why are the islamic scholar excluding everything except bitcoin? isnt that exclusive? shouldnt they also consider the other 23000 cryptocurrencies? if they would the would have to say something else.

I agree with the first reason but the second reason is just meh. Yahoo Japan is like one of the most visited website in Japan and them getting involved with crypto currencies is going to do wonders for the markets as they can bring the general population to the crypto world and that too in huge numbers.

The growth of bitcoin is inevitable. This is indicated by some factors.Major bitcoin markets are waiting to create a regulatory framework to avoid uncertainty.A week later, the transactions related to the payment of taxes should end. To pay taxes, the funds received from the sale of cryptocurrency will be used.This project attracted about 1.7 billion dollars.Another reason for the appreciation is a significant increase in confidence in bitcoin. I think that in the second half of the year bitcoin will return to the green zone.

Strange. I think there is no sense of distinguishing Bitcoin or Cryptocurrencies on religious basis.

There are many reasons for price increase of Bitcoin. Few reasons mentioned are right just because such countries are taking positive actions with technological implementation.

I believe in evolution, revolution and technology trend which is currently making positive impact on many businesses to go decentralized. Upcoming future will be more decentralized as no Corporate, government or organization can control or handle it. And this the future. Which is bright.

yahoo join is a failure of crypto. I think they will not do anything good for Crypto. Their purpose is to make a profit from buying high and selling low at bitcoin to recover some of its small companies. Anyhow, the more businesses and countries involved, the bitcoin grows.

Since 2008, Bitcoin Bitcoin will be important in all virtual currencies. But there are many reasons to get out of Bitcoin, Firstly it is not legal to use all over the country, people can not use it freely. Second, its trading system is not yet fast, which means that it takes a lot of time to transfer. Thirdly, when ID is hacked by investing in it, people suffer from insecurity.

i think the first reason is the excellency raise of bitcoin, the #2 reason meant also be true. because if the muslim now fine bitcoin as unsinful asset and decide to invest it can also cause price increase due to the rate of population.

Really? Bitcoin price is going up because it is compatible with Sharia law? lol

As long as the price goes up, I ain't complaining

3 reasons why bitcoin will grow in the second quarter of 2018 The first quarter was issued for bitcoin (Bitcoin) especially unsuccessful - pressure from regulators and refusal of many platforms such as Google, Facebook and Twitter, from advertising криптовалют and ICO affected. However, many analysts are sure that in the second quarter everything will change, and the first crypto currency will return to the green zone. So, co-founder BK Capital Management and Kriptotreider Brian Kelly listed at once three reasons for the growth of bitcoin in the next three months. The deadline for filing tax returns in the US ends on April 15, the deadline for filing tax returns in the United States is coming to an end. Investors who earned a December bitcoin rally are now looking for funds to pay taxes, which encourages them to sell the crypto currency. But within a week, any "tax-related transactions" should end, Kelly is sure. (Separately, he noted the record ICO Telegram: this project attracted 1.7 billion dollars, possibly partially withdrawn from the BTC market.) Coincheck deal has already been approved The Japanese broker Monex Group buys the Coincheck cryptographic exchange for 3.6 billion yen (33.6 million yen) dollars). It is not the fact of sale that is important here, but the fact that Monex Group is the parent company of the American TradeStation and is publicly traded on the market. "This is a significant increase in confidence; now you have an adjustable public company in Japan that buys a crypto-exchange, "Kelly said. History is also on the side of bitcoin. March was not easy for crypto investors (unless you were going to buy bitcoin at the bottom). But, according to Kelly, the third month of the year is historically unsuccessful for the first crypto currency. According to the calculations of Fundstrat, bitcoin showed growth in March only once in the last seven years. But April is traditionally one of the best trading months for bitcoin, a growth crypto currency in five out of seven cases.

There are many reasons behind its growing price. But here i discuss the three main reasons. First reason is its innovative money transaction facility. Everyone wants an secure and uninterrupted money transaction in which no third party like bank can interfere. And bitcoin provide such opportunity to its users. Second thing is its network. Bitcoin is the first digital currency which is decentralized in nature. Which means their is no central authority can control it and everyone who doing Bitcoin are boss of their own job. Third reason is its popularity among people. Bitcoin is accepted in many country and highly recommend crypto currency. 

If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). depending on the price of the request (the person who buys) and the offer price (the person selling). In the practical language is supply and demand.

Yeah, it is really about large scale adoption and once we have some particular interest joining the world without being limited by religion, government or anything, I feel that should really be a good one for the community. I am not even particular about what could have caused the pump as no one really knows, but the news in itself is actually not a bad one and can bring some positive vibe as well for more demand.

It may actually be a good driver considering some speculators or traders may think that should cause some new set of investors into investing in the market which we can call new money. I really do not want to believe this would really have caused that huge impact which seems to have been stopped right now in the $8300 region. It is not what caused this that we should be focused on now, it is the way forward. Can this be maintained or was it just a quick pump that sends us back down soon?

that is true, they have been investing in bitcoin for years because it was already allowed even before the news hits the media. but also you shouldn't forget that this news is yet another official approval of bitcoin and that is always a good thing to have and will lead to bigger rises in long term.

Bitcoin's greatest endurance is very important to the far eastern countries, and crypto money will always be high unless it loses its support in that region. If other countries support it, the price will rise rapidly. Particularly if the countries that implement the mining law remove these bans, it will be very good for Bitcoin and the future. As far as I know, it has never been any ban on Muslim countries, but it is of course very important if we assume that the world has a large number of Muslim people and a certain economic power. He told me that there are many Muslims in the crypto money trade, as opposed to the fact that the approach of the Muslims towards the crypto money is not bad. I expect that in the near future we will get clearer news.

is it finally beginning to happen.I was waiting just for a very long time when bitcoin starts to grow and the market will still be green

If government wanted stopping us, it would have been done a long time ago, so I really do not see that as a problem anytime any day and even if this was to happen, they would not just come out straight to just screw the system, it would be done strategically and probably put in some policies to start making people get frustrated with the idea of making use of cryptocurrency.

These are all normal in any new market anyway, but for the pump that happened recently, I am sure we cannot say exactly what caused it and everyone is just speculating and looking for answers.

Regarding that Islamic scholar speaking in favor of bitcoins, I do not think that it is a major factor. Many of my Muslim friends are investing in crypto for years.

Today, I worry that Bitcoin will continue to fall after reaching $ 8,000. New York's law firm has issued a notice examining the digital currency exchange industry. This will affect the psychology of many people are accumulating Bitcoin in the past. They fear the risk. And they sell Bitcoin to get back some of the cash they invested in Bitcoin. It will reduce Bitcoin prices in the near future.

does the Muslim scholar's decision on sharia law affect the rise of bitcoin ..? may be this happens especially the investment reaches 23%

people are just linking their own stuff here these days.
there is a surge of new websites being created these days about bitcoin and each of them are writing these silly articles or copy pasting from each other and they think if they paste the link here they can get a lot of traffic and have a successful website!
they fail to see that it is a temporary and small traffic rise!

If other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin which makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction of the virtual currency supply because it happens every 4 years, every 10 minutes there will be a reduction in the amount of Bitcoin to half. If other countries are familiar with the inflation policy in order to increase the production of currency to pay off state debts or pay the losses of war, for example, Bitcoin does not recognize this. Because in the world of Bitcoin aka the digital world, unknown to war and debt. So if you've invested into Bitcoin, it can be said if your choice is right.

Nobody really knows why the price spiked, but I doudbt it was a "pump" as, in this stage of the cycle, it would not serve anyone's interest. It was more likely some whale buyers who would have gone in with big money. This would have the effect we saw in the price hike. It would also explain the incredible calm we have seen since then where bictoin has barely moved, having been stuck at pretty much $8,000. This is probably the least volatile week we have had since the start of 2018.

In my opinion, Bitcoin will remain the most important virtual currency since its appearance in 2008 but is not and will not remain the only virtual currency. Strangely, it will hold on to the other virtual currencies and will continue to grow. Many countries have legalized the virtual coins, while others have their own virtual currency. It says a lot about the stability and the importance of both Bitcoin and other virtual currencies.

The first part of your thread is right at a better level and after that I  don't think it is right because that is a type of integration of the bitcoin to use in the international level but a religion suit will not give pump to use btc but big thing is need in  our daily that can give boost to the increase in demand in the bitcoin .
Well in the last two week we seen that the dump in the price of the bitcoin was due to the reason of manipulation mainly , but now here I think they stopped Thier work of the manipulation and now market is normally increase with the guinine demand in the market of the cryptocurrency .
Well here we should enjoy this pump in the price of the bitcoin and also small increase in the gain of the altcoins market instead to make more speculations .

And the third reason is?

3. ....Number 1 and 2 triggered a pump and then the speculators jumped in because they thought this was the beginning of

the next big push. We see this happening when some event trigger a "panic" sell.... lots of trigger happy bots starts to sell

coins and now this happens in reverse. 

Nobody able predict what will happen in the future but I just believe that bitcoin will keep increase from time to time.
So just hold it and let PROFIT come upon your savings


If only my government able to see the positive effect of bitcoin, I think bitcoin will much greater than before

We need both small and large countries to be get involved with bitcoins. Its not only about the big companies. Just like Fiat, Bitcoin has to be adopted by each and every shop & corner of the world. Only then we can see only positive movements of bitcoins and there will be no dump etc.

We still need a large amount of overall maturity to deal with panic situations.

A Bitcoin investor is usually smart and educated and he will not care about prohibitions or illogical rules like religion.

I estimate the price will go up because ahead of the European Championships, the Champions Cup and the World Cup may be Bitcoin will rise to the level of $ 20,000

I remember some article spoke of crypto been bad for Islam (here> https://www.alaraby.co.uk/english/blog/2017/12/6/digital-currency-bitcoin-forbidden-in-islam-rules-saudi-cleric) but with this new finding of Bitcoin being Compliant With Sharia Law

I think its good driver for current crypto demand and apart from that I think people realized that for their altcoins value to raise the easiest way is to push bitcoin demand which affects alts in the same magnitude is to pump bitcoin.

I disagree with number 2, religion is separated in currency.  I cannot see a relevance to the beliefs and religious lesson taught in every religion on how to avail bitcoin. Bitcoin should not be a requirement in order to be part of heaven. Bitcoin is only used as an investment, asset and storage of value. Priests and Religious leaders did not make any law that makes people to obey the path of currency.

I believe that people are done with correction and they have understood that government cannot stop us from using Bitcoin or Crypto irrespective of restrictions from the banking sector. However, we still need a massive amount of overall maturity to deal with panic situations. I am expecting the price to rise along with the rise in the user base in this year. Bitcoin has grown so big that minor incidents won't affect it much in the long run.

I think the main reason is the US beat Syria. This is the main reason that has pushed up so many altcoin prices. People are pouring money into the Crypto market to hold their assets in BTC. So altcoin prices have rebounded in two days.

I would like to express my opinion about second point you made here. I do not think that the Muslims were not investing money before that declarations. A bitcoin investor is usually smart and educated and he will not care for such illogical bans or rules as per the religion.

Yahoo is getting involved now? Waiting for the day my local mom and pop shop gets involved (not just accepting but actively trading), that is the day I do the infamous pull out method. Big companies like Yahoo are okay but imo you should be worried when every Tom, Dick, and Harry is trying to get a piece.

Well I dont think number two is the reason of such sudden price increase since if it is the muslims who are investing the movement of the market will be different from the market price trend that we saw the other day. More or less your posted number 1 reason could have some truths in it since according to some market experts the price surge was possibly caused by an institution buying a huge amount of bitcoin in 1 go.

isnt that only 2??

& wrong section

After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
 
#1  Yahoo Japan to buy miniority stake in cryptocurrency exchange :


Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.


#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.

Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/