Did Bitcoin price rise that fast because of ICO's / Forks?

South Park

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Quote from: honeyb0y on November 30, 2017, 04:34:31 AM

Quote from: South Park on November 29, 2017, 06:40:28 PM

Quote from: coolcountry on November 17, 2017, 02:34:12 PM

I think nobody knows for sure. The exact reason why the price is increasing is difficult to pinpoint.

There is never a single reason for something happening most of the time there are many reasons, we had the forks, since you could receive free coins I think that increased the price, but we also had segwit activation and we are going to get investors from the futures markets as well so we got mainly good news in this year and that made the price of bitcoin that high.

I don't think that the current price is because of those forks. When the price crossed the $10,000 level all of the price at coinmarketcap.com are all going up. That means that people are not converting their coins to bitcoin just for a hard fork.

Did you took the time to read my post at all, I said there was not a single reason for the price to go up, besides you are only thinking about the recent surge in the price when we all know that the price of bitcoin has been going up for months and as such there are many reasons of why this is happening.

BitcoinGirl.Club

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As far as I know ICOs do contribute to bitcoins price because when investors buy tokens in a project that's running a token sale for a period of 2 months for example and lets say its raised 1000 BTC, this means amount of bitcoins in circulation is temporarily reduced in this period which will also force the value of bitcoins to raise provided demand is there.

Quote from: polymerbatt on November 30, 2017, 12:01:01 PM

I don't think ICOs can make it fast but forks is one of the reason why the bitcoin price rise that fast. Everytime a fork/hardfork planned in the next 2-4 weeks, the price of bitcoin always pumped so high. It's because the high demand of people are buying bitcoins to get freebies after the fork.

agree, people what a bag full of free airdropped coins that come from a fork

polymerbatt

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I don't think ICOs can make it fast but forks is one of the reason why the bitcoin price rise that fast. Everytime a fork/hardfork planned in the next 2-4 weeks, the price of bitcoin always pumped so high. It's because the high demand of people are buying bitcoins to get freebies after the fork.

mestar

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Bicoin's price rise makes sense if you create 700 million USDT with a stroke of a pen, and then buy BTC with that made up money.

adam1230

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For sure ICO investments are getting more attention to crypto currencies. This is making all crypto coins more powerfull against fiat.
But on the otherside we are getting new investors because of the price rise everyday. And this volume is bigger then ICO volume.

honeyb0y

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Quote from: South Park on November 29, 2017, 06:40:28 PM

Quote from: coolcountry on November 17, 2017, 02:34:12 PM

I think nobody knows for sure. The exact reason why the price is increasing is difficult to pinpoint.

There is never a single reason for something happening most of the time there are many reasons, we had the forks, since you could receive free coins I think that increased the price, but we also had segwit activation and we are going to get investors from the futures markets as well so we got mainly good news in this year and that made the price of bitcoin that high.

I don't think that the current price is because of those forks. When the price crossed the $10,000 level all of the price at coinmarketcap.com are all going up. That means that people are not converting their coins to bitcoin just for a hard fork.

South Park

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Quote from: coolcountry on November 17, 2017, 02:34:12 PM

I think nobody knows for sure. The exact reason why the price is increasing is difficult to pinpoint.

There is never a single reason for something happening most of the time there are many reasons, we had the forks, since you could receive free coins I think that increased the price, but we also had segwit activation and we are going to get investors from the futures markets as well so we got mainly good news in this year and that made the price of bitcoin that high.

10000BTC

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Quote from: coolcountry on November 17, 2017, 02:34:12 PM

I think nobody knows for sure. The exact reason why the price is increasing is difficult to pinpoint.

yes, i agree with you. at first, i thought it was the fork and expected price decrease after the fork but that didn't happen, it's still rising.
I've not heard any rumors about any major upcoming event but the price still continue to rise.

Washball

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The price of bitcoin went up after the forks and after the cancellation of segwith2x, so it's not because of the forks. It's just because the financial institutes see the potential of cryptocurrencies, a new way to make money. Many people thought with the fork they would get free coins, so they invested in Bitcoin, which made the price go up even faster. So we now have the uptrend and everyone wants to be part of this and takes bigger risks.

guxu219

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While it is hard to pinpoint precisely why, I question it is a result of ICOs and forks. Most token deals are going on Ethereum. Conceded ICOs now a days are sufficiently adaptable to acknowledge BTC or ETH, it doesn't bode well to see BTC soar and not ETH (if the reason was because of ICOs). With respect to forks, the most well-known theorists/financial specialists couldn't care less about forks nor do they even know how to benefit from them.

bitconemy

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I think the price of bigcoin now ($9500.11)is because it's almost monday again...
Last sunday it grew fast too...

Could be to play the media...

From about $7000 i guess it has nothing, to very little to do with ico's anymore.

btc-facebook

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Quote from: pat4cryptoreal on November 24, 2017, 09:12:47 AM

All those factors you have mention contributed in the escalation of bitcoin price. The more ICO that comes up. the more people will buy bitcoin to use in participating in the ICO.

It's reasonable but I'm afraid that one day , their government decide to do the same just like China that will impact on bitcoin value.
So it's better to sell some of them if you've made profit at the moment before it's too late !

First I'm wondering why bitcoin getting increase until I read this thread.

wantjokull

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May be this assumption could be true but I’m more or less putting my vote up for the crypto forks that happened recently. Did you notice how the bitcoin price was fallen when the first fork happened this year because there was hype that if we keep the bitcoin as it is on the wallet then we will loose it or something worst like that will happen. So people moved the whole bitcoin to their alt coins and fiat currencies leading to sharp drop in the bitcoin prices.

Now, recall the second fork, third fork and more when people came to know that people who had the bitcoin on their wallet also received free equivalent coins that weer generated during the fork and thus they made couple of 100 bucks extra. Due to that fact whenever the next hard fork was announced people started investing the money like crazy bulls to garb those 100 bucks and thats why it pushed our bitcoin t higher rates. That my assumption. !

buxlover

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Quote from: beckspace on November 18, 2017, 05:12:27 PM

Nobody knows exactly why. But by creating new opponents to Bitcoin, influencing psychology and giving an unrivaled digital money image, it has had a positive impact on the price of Bitcoin.

Yeah indeed. Everything was in favour of the bitcoin. That also increased the popularity of the bitcoin became everyone or new investors of coin trusted it due to its strong hold in the market. I loved it when last week BCH was being pumped like very crazy in artificial way and everyone thought that bitcoin is falling down but nothing like that happened and stood still! It was awesome to experience.

Investing into ICO programs and they making the rise of bitcoin market could be different thing or the same as it depend where people are trading the token, in ether or bitcoin. However, I like the idea of thinking that ICO's may be the reason to pump bitcoin. And if it really does then there should be more and more ICO so that we can see greater hikes in the market. Just like that!

bitconemy

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too much honor

pat4cryptoreal

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All those factors you have mention contributed in the escalation of bitcoin price. The more ICO that comes up. the more people will buy bitcoin to use in participating in the ICO.

bitconemy

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But, does - for exemple - the need for bitcoin, to cash off STEEM, make the price of bitcoin higher.

And so on for other ICO currencies. Same for ICO->ETHER->USD

So, in that way, do ICO coins drive up the price of BTC/ETH

soham

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Quote from: bitconemy on November 17, 2017, 11:47:18 AM

Did Bitcoin price rise that fast because of ICO's
and Forks?

ICOs have nothing to do with bitcoin. The ICOs are created on ETH platform and not bitcoin. It doesn't support creation of such coins or toekns or smart contracts. I believe the recent price rise and stability comes from the positive news market received. A NASDAQ listed company known as "CME group" has announce to float bitcoin futures contract and the final level of approval is now with SEC. Secondly, a billion dollar valued hedge farm "Man Group" has announced to invest in bitcoin and float another crypto currency hedge fund. A big payment solution provider "Square payment" has started accepting bitcoin as a payment option. So these news of main-stream adoption created a lot of positive impact on the market and the bitcoin price. That's the reason behind the recent rise of bitcoin, I believe!

frowsiter

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Quote from: bitconemy on November 17, 2017, 11:47:18 AM

Did Bitcoin price rise that fast because of ICO's

and Forks?

Im pretty sure that the reason was not ICO at all. The ICO's are shit thing and they only dump the prices of bitcoin because people are more often do the pumping and dumping of the coins in the alt coin market leading to negative effects on the bitcoin market cap. When we think about the one coin or two then it doesn't affect but the thing is everything is happening on the mass scale.

Anyway, the fork it was the prime reason last to last week as people were in the desperate need of getting the free money that was supposed to be distributed as the reward of the fork and support to the bitcoin. But the things went opposite and fork was cancelled. As people invested heavily at high rates of bitcoin now they can't think of taking off the investment that they had so the price is stable for now and may rise even more if the fork news comes over again.

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Quote from: bitconemy on November 17, 2017, 11:47:18 AM

Did Bitcoin price rise that fast because of ICO's
and Forks?

Do you think that there is any logical link between ICOs? I would rather say that ICOs and Ethereum are linked as ICOs tend to use Ethereum's blockchain.
If your theory of ICO boosting is influencing price of BTC then the price of ETH should be shooting through the roof already.

Forks from the other side may have real influence here - most people would buy bitcoin in anticipation of airdrop - which effectively boosted the price of BTC.

Topic: Did Bitcoin price rise that fast because of ICO's / Forks? (Read 997 times)