Topic: Bitcoin reasons of rising price (Read 1511 times)

Your right about China because the slowdown in China's economy has resulted in a capital flight from China's markets and the government has had to impose capital controls to stem currency outflows. In response, investors and Chinese citizens are using bitcoin to get around these controls.

But another one reason I've found is that bitcoin price will continue to rise since the growing realization that blockchain​, Bitcoin's underlying technology, could revolutionize trading and money transfer mechanisms for major banks.

What do you Think?

You say that as if it's a bad thing. Please check the title of the subforum you are in ;-) It just so happens that "speculation" is not only perfectly acceptable here, but expected as well! 

buying when the banks are closed(during the weekend?). strange, right?...

the big exchangers(The Cartel) need "pocket money" and they put Willy bot at work 

China economic woes, I suspect, coupled with rising war fears.

 The halfing had ZERO to do with the near-doubling of price late last year - that happened after the Chinese Markets announced they were able to take fiat payments (after a longish period they COULDN'T) allowing for a large rush of capitol into Bitcoin from Chinese investors.

 It might be a factor in the current runup - but I suspect it's a minor one, as it would be more likely to cause a slower surge not the "spikes" we've BEEN seeing this past week.

More people are buying than selling? All the other reasons given here are speculation and nothing but.

Capital flight of people trying to escape their failing fiat currencies.

For example China and South America.

The biggest factor affecting the price (at least in the short term) is speculation. You should add that to your poll.



The halving does not decrease the SUPPLY. It decreases the PRODUCTION. The SUPPLY is always increasing whether the PRODUCTION is 25 BTC per block or 12.5 BTC per block because bitcoins are not consumed.

Because the supply is always increasing, the demand must also continue increasing at the same rate, just for the price to remain constant.

The block halving is what has been driving the price since 2015 when the price was sitting well below $300 at that time. Fact is that the price is going up way too fast. I just wonder how long will it take before people here come back to earth.

Agree with you. Markets are usually unpredictable and capricious and does not need  many reasons to speculate in favor or opposing anything. And for that uncertain reason we could see a sudden hike to $1000 or a similar plummeting to $300.

A lot of people ignore the alternate cryptocurrency scene altogether because they don't believe the alts are significant to bitcoin's success.  However, I believe that's a mistake!  Bitcoin's price spike and the coincidental emergence of the alternative asset known as "the DAO," which has reached number five on http://coinmarketcap.com/ overnight, seem to be related....While were speculating on bitcoin, let's not miss what's going on in the alt world or our reckoning might become skewed.  Notice also number seven on the list...those are significant figures there!

i think the price rise because we near to halving and all miner try to push the price to the high level and other reason it's manipulation to make it people interested buy bitcoin so before halving they will dump the price so they can get big profit after halving.

Why are so many threads started by newbies nowadays?

Anyway, I think it is speculation pure and simple. Basically nothing has changed since last week, none of the problems have been resolved, the halving is a little closer but not imminent, China seems unlikely to have poured in a billion dollars. So what does that leave? Speculation. The price is rising because it is rising.  I have no idea how high it will go, hopefully high though!

I think it's just a speculation, a few big people will make a big money of it, and lot of small people will lost their money/btc. As always

For i think its because of halving coming so more people right now are buying instead. we see last 2 days that the price is increase and decrease thats a good sign that the price will increase more because its nearly block halving.. sooner we will see 600 price in trading sites.. but accroding to preev local bitcoin its already 600 price..

I think BTC is a great choice to buy when market is crashing down because BTC price will rise with taking into account the upcoming USA elections and Also halving, so if I will be a chinese trader I would prefer to buy BTC compared to euro or USD that have a smaller potential to rise and also taking into consideration that if you are a trader from a falling market country you would think that some of the fellow traders or mostly of it in your country might also think of what you think when it regards to BTC price going up because of the said events does contributing more to price increase which makes more attraction to other traders.

i think that the current rise is 90% down to the halving that is coming up, the news regarding this is prob also driving people to buy bitcoin, i think there will be a sharpe correction just after the halving.

no way.

they can easily exchange to USD or Euro. why BTC?

Someone is playing with the bots. They(exchanger's cartel) need "pocket" money

China is in trouble, ppl moving there yuans into Bitcoin.

http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust?fsrc=scn/fb/te/pe/ed/thecomingdebtbust

I didn't observe for awhile the DAO launching and didn't notice that it failed so one of the major factor contributing to the rising price of BTC is due to selling of the said altcoin, and also on the failure of lisk to continuosly support it's high price that makes traders decide to sell it for BTC, right? So it means that the BTC price rising will only be temporary.

It will pump (550) for awhile, then the sharps will dump (480) just before halving....then it will pump (550-600) after halving, and dump (380) again before it stabilizes (400).

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.