Topic: Bitcoin reasons of rising price - page 2. (Read 1475 times)

As of the said factors that you've additionally provided to my factors, how do you see your prediction of the future price of BTC for the next few days or weeks is it going to continuosly rise or will eventually fall down?

I think the fail of the DAO launch which have more than billion of USD in the form of DAO and it get exchanged for lower price than ICO as people just like to dump them as well as lisk also can't do much as most of it get dumped on 5x price.

This i think have played a major role to ignite but fuel is the halving hype.

Here's a few factors that may be contributing to the recent spurt of activity on the bitcoin ledger.

1)  Halving Hype.
2)  US Election Year with Economic Correlations and Market Trends.
3)  Recent Surge in altcoin Crowd funded projects (the last (DAO) was nearly a 150M USD project).
4)  Renewed interest and recent investments in Blockchain technology by major banks.

There's more but I believe these are the most significant.

As we observed BTC price is suddenly rising now at price of $524, so let’s take a look at the possible factors that will have a positive impact on the price of Bitcoin in what is shaping up to be a breakout year for the world’s first borderless currency.

*Improving Infrastructure
Bitcoin had an impressive $1 Billion USD venture capital funding injected into the cryptocurrency and blockchain industry in 2015, it yield some results this year and enhanced Bitcoin’s infrastructure as a whole.

*Growing
One of the most relevant statistics for gauging how Bitcoin is doing is transaction volume since there is a direct relationship between the number of transactions within a network and the number of network users. This number is of utmost importance since the value of a telecommunications network is proportional to the square of the number of connected users of the system.

*China
China’s markets have been going nuts this year, experiencing a percentage drops and suspension of trading. With even China  bank seeking safety in gold abroad, another financial crash might be in the cards, which could present a real boon for the decentralized currency. This is because the Chinese are not only known for buying gold and more recently bitcoin in times of economic distress, but also using the digital currency as a way to circumvent capital controls and as a vehicle for conversion into other fiat currencies.

*Bitcoin Halving
Bitcoin is generated at a fixed rate of one block every ten minutes, on average, where one block contains a certain number of bitcoins. This is precisely the amount that will be halved decreasing the SUPPLY (at 12.5 BTC per block), and thus, one would naturally expect the price to rise if demand doesn’t also drop.

I loved to read your reactions on what factors might affect BTC price in the incoming days.