bitcoin gaining more strenght | Bitcointalksearch.org

mastadonballs

full member

Activity: 420

Merit: 100

Quote from: n0ne on October 03, 2017, 05:58:38 AM

Quote from: liuqi on October 03, 2017, 05:54:11 AM

Quote from: Wexnident on October 03, 2017, 01:46:29 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

I believe that the thing that is making the market value of Bitcoin,high is its large community. Bitcoin remained the no.1 cryptocurrency for a long period of time. And even if we lose a big part of this community which is China, one of the biggest crypto investors, that resulted to a downfall. But currently, it is slowly recovering, and that is because of its investors that stayed inspite of the backdrops, which makes the demand high and its value more expensive as time passes by.

It is a basic and first ever digital currency in crypto currency market. We have to understand that none of the coins will be able to replace the bitcoins place now or even in future time.
You are taking about which investor bro, who has met the downfall which his investment. I noticed recent days most of the people who is looking into ICO investment so you have really careful to understand the trusted ICO or not.

As in the above quote, bitcoin is the one that lead a base for the growth of digital currency. So, in the near future or later bitcoin will have its own growth and it won't get replaced by some other digital currency. The recent days ban might be of the ICO ban, but the impact over bitcoin is not that big and the growth keeps on continuing.

Bitcoin will do not ban by anyone, I am sure only the ICO market can banned by the government or has a new strict rules, because this market make the cryptocurrency world look like as a speculation market than stock market.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: kwukduck on October 02, 2017, 11:50:45 AM

the November hard fork (aka bitcoin network collapse).

this time I'll agree on part with you, some people want to destroy bitcoin and make people like you celebrate

the core has done good work for years and it is regrettable to see such situations.

the price before was $4500 to $4700, so just recovered after the news from china

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: BrewMaster on October 03, 2017, 12:15:12 PM

why do you think bitcoin lost the "strength" to want to gain it back now?!!

what bitcoin lost was a lot of weak hands that were shaken out. now the coins that these weak hands were holding is in the pocket of the whales and the few who bought alongside the whales.

bitcoin is just back on the same path without weak hands for a short while before they come back running.

Yeah this is i think what are the reason why the price of bitcoin are getting down when ICO ban in china..
And now after the news that we heard about china regulating ICO again the price was increase slowly and i think it will be more strong than before..
People are just following trends and they don't what will happen with their investment and those who are early sold their bitcoin who made a profit and those who are late are those who lose in profit.. if those who are bought bitcoin with in 4k level if they hold them for a long time and never affect what are the news maybe they are making profit right now or their bitcoin are in safezone..

Hope other people who are holding bitcoin know about bitcoin and next time they should strongly hold their bitcoin for a long time to prevent losing profit..

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

why do you think bitcoin lost the "strength" to want to gain it back now?!!

what bitcoin lost was a lot of weak hands that were shaken out. now the coins that these weak hands were holding is in the pocket of the whales and the few who bought alongside the whales.

bitcoin is just back on the same path without weak hands for a short while before they come back running.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: blockman on October 03, 2017, 11:05:48 AM

Quote from: player514 on October 02, 2017, 07:21:34 PM

Quote from: blockman on October 02, 2017, 06:46:55 PM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

Beyond just being a natural thing, people are learning about bitcoin on a wider scale. More people are hopping on the train because it's a growing trend right now. It's been doing well and that fact is propelling it even further forward. For example, now, Goldman Sachs is considering using bitcoin services for clients. News like this is boosting the price.

They don't want to miss the train as the potential growth of bitcoin is for real. Goldman Sachs should be the one that is being followed by Jamie Dimon, they are in the same industry. And this makes all of us exciting to hear some good words of speculations from those big heads in the economy. These news are really helping the price of bitcoin to get some more ups with those bad news, there is also a big effect but it will be lighten soon.

Those people who did actually discriminate bitcoin and told things on public which do somehow give a some effects but it didnt sustain for too long which the price been recovered instead after those such claims which means community doesnt really care at all on other peoples views or opinion about bitcoin.We do have a strong support which would normally makes bitcoins price tends to go up.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: player514 on October 02, 2017, 07:21:34 PM

Quote from: blockman on October 02, 2017, 06:46:55 PM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

Beyond just being a natural thing, people are learning about bitcoin on a wider scale. More people are hopping on the train because it's a growing trend right now. It's been doing well and that fact is propelling it even further forward. For example, now, Goldman Sachs is considering using bitcoin services for clients. News like this is boosting the price.

They don't want to miss the train as the potential growth of bitcoin is for real. Goldman Sachs should be the one that is being followed by Jamie Dimon, they are in the same industry. And this makes all of us exciting to hear some good words of speculations from those big heads in the economy. These news are really helping the price of bitcoin to get some more ups with those bad news, there is also a big effect but it will be lighten soon.

nizamcc

legendary

Activity: 1218

Merit: 1007

As Bitcoin has become a trend itself by going out through media and news, people who are still unaware of it, are trying to know more about this and trying to accumulate it even at such high prices. This was the time everyone was waiting for because we needed this price as if BTC would have been under 1k, we may have had the total number of circulated coins sold out very quickly.

selline

sr. member

Activity: 434

Merit: 250

Quote from: cyberChevan on October 03, 2017, 12:33:44 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

Well this is because people got over the issue on China. Those downtrends and corrections are just temporary since many would buy more when Bitcoin's price decreases. So the increase in the price of Bitcoin is the result of people buying more Bitcoin from the recent dip. This is normal for Bitcoin so such question is quite obvious.

I think the bitcoin get more strength to rise from several times falling is because of the bitcoin has value a high price indeed makes a lot of investors are increasingly interested to have even though many investors several times to go left off but at the end they could not forget the bitcoin and pick back up again to support the bitcoin

Lieldoryn

sr. member

Activity: 630

Merit: 272

Why does everyone think that bitcoin is increasing in price? May be the price of bitcoin remains in place? Can be falls in the price of the dollar and all other currencies which are tied to the price? The farther away the more people will abandon the dollar and to invest their savings in bitcoins. Why bitcoin will continue to rise in price.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: liuqi on October 03, 2017, 05:54:11 AM

Quote from: Wexnident on October 03, 2017, 01:46:29 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

I believe that the thing that is making the market value of Bitcoin,high is its large community. Bitcoin remained the no.1 cryptocurrency for a long period of time. And even if we lose a big part of this community which is China, one of the biggest crypto investors, that resulted to a downfall. But currently, it is slowly recovering, and that is because of its investors that stayed inspite of the backdrops, which makes the demand high and its value more expensive as time passes by.

It is a basic and first ever digital currency in crypto currency market. We have to understand that none of the coins will be able to replace the bitcoins place now or even in future time.
You are taking about which investor bro, who has met the downfall which his investment. I noticed recent days most of the people who is looking into ICO investment so you have really careful to understand the trusted ICO or not.

As in the above quote, bitcoin is the one that lead a base for the growth of digital currency. So, in the near future or later bitcoin will have its own growth and it won't get replaced by some other digital currency. The recent days ban might be of the ICO ban, but the impact over bitcoin is not that big and the growth keeps on continuing.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: Wexnident on October 03, 2017, 01:46:29 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

I believe that the thing that is making the market value of Bitcoin,high is its large community. Bitcoin remained the no.1 cryptocurrency for a long period of time. And even if we lose a big part of this community which is China, one of the biggest crypto investors, that resulted to a downfall. But currently, it is slowly recovering, and that is because of its investors that stayed inspite of the backdrops, which makes the demand high and its value more expensive as time passes by.

It is a basic and first ever digital currency in crypto currency market. We have to understand that none of the coins will be able to replace the bitcoins place now or even in future time.
You are taking about which investor bro, who has met the downfall which his investment. I noticed recent days most of the people who is looking into ICO investment so you have really careful to understand the trusted ICO or not.

ivrynx

full member

Activity: 518

Merit: 103

this only shows that bitcoin is legal and legit. bitcoin had great strength, even after all the negativity that we have heard the past few weeks, there were a lot of bad news that needs to be clarified, however people's trust on bitcoin is still high, a lot of people are still investing on bitcoin not only because of he upcoming fork, that bitcoin gold will be created, there are countries accepting bitcoin already as their currency, like dubai and japan, i think other countries will also follow, since bitcoin is the future, it is a fact that bitcoin can destroy fiat and soon fiat will be replaced by cryptocurrency, and that might not take a long time, since even financial institutions are supporting bitcoin, just like what we have heard on goldman sach's statement. i think bitcoin will sill gain more and more strength in the upcoming weeks, after what had happened, just this few days, banks and other countries, might consider supporting bitcoin, rather than bad mouthing bitcoin,

Rajamuda

sr. member

Activity: 924

Merit: 255

Bitcoin has been deeply entrenched in global financial circulation and can continue to enlarge without China existence in it to make bitcoin strong, level global belief in bitcoin as an investment choice also encourages it.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

I believe that the thing that is making the market value of Bitcoin,high is its large community. Bitcoin remained the no.1 cryptocurrency for a long period of time. And even if we lose a big part of this community which is China, one of the biggest crypto investors, that resulted to a downfall. But currently, it is slowly recovering, and that is because of its investors that stayed inspite of the backdrops, which makes the demand high and its value more expensive as time passes by.

sukamasoto

legendary

Activity: 1148

Merit: 1006

Black Panther

Quote from: cyberChevan on October 03, 2017, 12:33:44 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

Well this is because people got over the issue on China. Those downtrends and corrections are just temporary since many would buy more when Bitcoin's price decreases. So the increase in the price of Bitcoin is the result of people buying more Bitcoin from the recent dip. This is normal for Bitcoin so such question is quite obvious.

Imagine if Chine able to use bitcoin once again but I'm still have faith on it until they have made regulation about bitcoin
If bitcoin keep increasing , it means that more people interest on bitcoin technology so I just hold my btc as long as possible

cyberChevan

member

Activity: 91

Merit: 10

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

Well this is because people got over the issue on China. Those downtrends and corrections are just temporary since many would buy more when Bitcoin's price decreases. So the increase in the price of Bitcoin is the result of people buying more Bitcoin from the recent dip. This is normal for Bitcoin so such question is quite obvious.

Mr.Anonymous

hero member

Activity: 644

Merit: 500

Quote from: chesthing on October 02, 2017, 07:10:36 PM

Quote from: Rahar02 on October 02, 2017, 06:55:29 PM

What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.

Tell me when to dump so I can buy back more btc for the next cycle pretty please! (I promise to hold forever next time, I really mean it!)

Haha, we can not know that until the whales start new FUD, even the event hardfork in November also not enough to sure the price of Bitcoin will dump in that time. The scenario of the whales can change any time, they no stupid to keep a scenario is easily to predict.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

I think people believe that bitcoin is an asset and the best investment that they can have and right now, after new comer is join into bitcoin world, more people know that bitcoin price is getting stronger even if there is a bad news in out there, the price will always back to the price before. people still hold their bitcoin in large amount especially for people which buying bitcoin in a few years ago and they don't sell all of their bitcoin because they know that the price will be increase more than the price now.

Quote from: chesthing on October 02, 2017, 07:10:36 PM

Quote from: Rahar02 on October 02, 2017, 06:55:29 PM

What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.

Tell me when to dump so I can buy back more btc for the next cycle pretty please! (I promise to hold forever next time, I really mean it!)

i am following you sir and I am waiting if there is any dump the price so we can buy it together. I think there is many time for the price is getting dump but sometimes we are missed that time. and because of this, I am placing an order buy so I am not missed the price.

Quote from: player514 on October 02, 2017, 07:21:34 PM

Quote from: blockman on October 02, 2017, 06:46:55 PM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

Beyond just being a natural thing, people are learning about bitcoin on a wider scale. More people are hopping on the train because it's a growing trend right now. It's been doing well and that fact is propelling it even further forward. For example, now, Goldman Sachs is considering using bitcoin services for clients. News like this is boosting the price.

yes it is boosting the price and like few days ago that china release news about want to close all exchanges, this makes the price is down although is just because people panic but then the price is up again.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: blockman on October 02, 2017, 06:46:55 PM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

Beyond just being a natural thing, people are learning about bitcoin on a wider scale. More people are hopping on the train because it's a growing trend right now. It's been doing well and that fact is propelling it even further forward. For example, now, Goldman Sachs is considering using bitcoin services for clients. News like this is boosting the price.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: Rahar02 on October 02, 2017, 06:55:29 PM

What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.

Tell me when to dump so I can buy back more btc for the next cycle pretty please! (I promise to hold forever next time, I really mean it!)

Rahar02

hero member

Activity: 910

Merit: 523

What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

These things as I can see for now, the rumors about the acceptance of amazon with bitcoin and they'll adopt it soon. Next, is the hard fork that's about to come at the end of this month since it will give another alt coin so that's a big money for those people that will have bitcoins now after the split. Next to it, is that the people aren't ignorant anymore when there are false news circulating in the internet.

iram1011

hero member

Activity: 896

Merit: 521

What I have experienced in last some months that market do tumble when there is some negative news like happened during hardfork in july and then China's ICO ban. But later if same news pops up from some other country that is recently an ICO ban news from South Korea which is also one of the leading nation in cryptos, there is not much impact on price as if market understands the fact that there won't be any issue in long term. Same thing I am expecting for upcoming forks. I think market won't be affected much this time and remain bullish with some small fluctuations.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: kwukduck on October 02, 2017, 11:50:45 AM

This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).

It's funny how you constantly keep repeating your old fashion nonsense that throughout the years didn't result in anything. At worst we'll be seeing another chain split where Jihan & Co will be the only supporting entities. Also, you hop from side to side -- first you was supporting Bitcoin Cash, and once a chain split in November has been initiated, you'll support that, and that continues as long as there are new splits showing up. Long story short -- you support basically everything that has the potential to get the market to fall.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason is an obvious reason of continous buying. It expected that after those downs, price increase should follow. We can consider this price increase as end of those recent FUD and start of another trip to what we are expecting. Hopefully others able to take advantage of the price dip that lasts for weeks.

Goodluck for those still waiting for flat $3,000 or $2,000 before entering the market. There also threads here that full of doubt if they will invest on bitcoin or not because they sees a downward continous trend. Those doubts now became regret because they didn't take the risks which is worth to give a shot.

kwukduck

legendary

Activity: 1937

Merit: 1001

This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).

Siren

sr. member

Activity: 826

Merit: 265

Quote from: Chicken-Dinner on October 02, 2017, 11:30:53 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason behind of bitcoin is gaining more strength because of the law of "supply and demand" nowadays bitcoins are getting more popular as cryptocurrency and more people wanting to invest in bitcoins. This is the moment bitcoins are blooming again. We can expect a great value of bitcoins by the end of this year. Many people now show an interest in bitcoins as an alternative investment because of the rising value. Also, the number of the complaints against tech companies offering digital currency products, But we can expect a good future for bitcoins for a long-term investment!

Or new faces are entering into the ecosystem because they don't want to miss the bandwagon. And many thanks to Jamie Dimons attacks on bitcoin, it has gain mainstream attention and people started to learn what bitcoin is specially in terms of investment. Nevertheless, its really nice to see that bitcoin is going up again. No more China, no more negative news.And total Marketcap is close to 150B which means that confidence and trust are back that's why investors are pouring cash once more to bitcoin and crypto in general.

Chicken-Dinner

newbie

Activity: 15

Merit: 0

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason behind of bitcoin is gaining more strength because of the law of "supply and demand" nowadays bitcoins are getting more popular as cryptocurrency and more people wanting to invest in bitcoins. This is the moment bitcoins are blooming again. We can expect a great value of bitcoins by the end of this year. Many people now show an interest in bitcoins as an alternative investment because of the rising value. Also, the number of the complaints against tech companies offering digital currency products, But we can expect a good future for bitcoins for a long-term investment!

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: LFC_Bitcoin on October 02, 2017, 04:15:49 AM

China ban news has been absorbed, nobody cares any more & confidence is returning.

I am inclined to think so too, but we shouldn't discard the effect of another Chinese announcement on this market. People were saying the exact same thing at the time the PBOC made Chinese exchanges halt their leveraged trading platforms, and still the market took a significant dive for no reason. As long as there are people gambling their money without knowing anything about Bitcoin or this market, they will remain a target that is easy to influence. People in this market are calm and full of confidence when everything is all right, but at the time the price starts going down due to China or whatever other reason, all their believe and confidence suddenly turns into hot air - their mood is as volatile as the market.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: vroom on October 02, 2017, 04:31:03 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

This sums it up, and there may be even more forks coming. Turns out the forks might actually hel the real bitcoin go up in price at the end of the day. Call it dividends, call it passive gains, call it whatever you want, at the end of the days all these hardforkers are driving the price up. The main problem is 2x because it doesn't have replay attack and Jeff Garzik is actively attempting to kill the legacy chain. If it wasn't because of that, I would be looking at $10,000 in 2018, but Jeff Garzik may crash the price along with the rest of idiots that signed the NYA.

We need to kill the NYA, we need to make all these fools drop this up and coming disaster. It is sad to see how the biggest treat in Bitcoin now after beating JP Morgan and China is infighting by the hardforker once again.
If we are able to stop this we will be unstoppable. Write to all the merchants that signed NYA and tell them in an email that you will withdraw all of your money and never use it again unless they drop support for 2x.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Every time the price of bitcoin goes down and recover after a few days or weeks then it is already a proof that bitcoin is getting stronger and stronger it is because that the market of bitcoin is being filtered and a lot of people are now being wiser and smarter than before in making decision for their bitcoin.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

There are no negative news coming our way. Not like the previous month were China created a lot of panic and then Jamie Dimon put the final nail by calling bitcoin as 'fraud' and compare it to "tulip bulbs" phenomena.

And now, there is a news that Japan has accepted 2 local exchanges and soon other exchanges will be soon granted licenses. The China effect is over and investors are back once more and the trust is has returned. That's why since the beginning of this month bitcoin price is recovering and moving south. And now we are almost at $4500. So the nervousness and panic from last month turns to joy and happiness today seeing the price going up again and hope that we can go and touch $5000 in the coming days.

bob3772

full member

Activity: 415

Merit: 100

The markets have stabilised after all of the FUD surrounding China and confidence is beginning to return to investors. Then quite simply people buy and the price goes up.

davis196

hero member

Activity: 3164

Merit: 937

Quote from: vroom on October 02, 2017, 04:31:03 AM

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

I don`t think that this is the main reason for the recent btc demand increase.
Buying btc just to get some s*itty altcoins called bitcoin gold or "bitcoin whatever".Most of the exchange platforms and wallets won`t support the forks and those altcoins, so there won`t be any market liquidity for them.We can`t be sure that they will be successfull like Bitcoin cash(and i still doubt that BCH is a successfull
cryptocurrency in the long term).
The bitcoin "strenght" isn`t related with the btc price,it`s related with the bitcoin/blockchain mass adoption.

betlord90

hero member

Activity: 630

Merit: 500

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The delimma of China's curse happened last month has been eliminated to the minds of every btc and crypto holders, and the only good thing will be happen on November is the next step and been hold by many hodlers so expect that there are more pumps to come unto it since there are particular things will be happen and might the latest hardfork can give a huge leap to the bitcoins prices.

vroom

legendary

Activity: 1303

Merit: 1681

a Cray can run an endless loop in under 4 hours

Quote from: sukoon on October 02, 2017, 03:53:07 AM

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

Arngrim

member

Activity: 182

Merit: 13

Never been happy with the rise of bitcoin again.
Thought it was going to hell for the price dips so deep that I thought it cannot gain it back.
But here we are now. I guess all the news that was spread is calmed down so time for the wave up again.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

China ban news has been absorbed, nobody cares any more & confidence is returning. People are buying which makes the price rise.

sukoon

newbie

Activity: 50

Merit: 0

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

Topic: bitcoin gaining more strenght (Read 809 times)