Price of BTC - up about 150% in the past 12 months. Reasons? - page 2.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: vatusasid on March 04, 2017, 03:57:23 AM

If the block size is larger, the price could be higher.

the current situation with the block size and the additional spam attack that is going on, we have lots of problems and it actually is hurting bitcoin and slowing its adoption.
but if it was solved, the adoption that is needed for the price rise is not going to magically appear out of nowhere. it still takes time.
and as far as other speculators are concerned they don't care about the blocksize much. they just want to invest and make profit. so again block size won't change things for them either.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: vatusasid on March 04, 2017, 03:57:23 AM

If the block size is larger, the price could be higher.

I am not finding this as a valid reasons. With 1MB block size itself bitcoin managed to beat gold prices, what else proof we are still needing to put an end for those block size debates. I agree block size problem is leading to long waiting for network confirmations still we cannot ignore miner's concern on competition for finding the blocks. They are into a highly competitive market and their margins are highly oscillating thus we must consider equilibrium for their profitability and our network fees levels all the times.

Back to the topic, supporting factors which are keeping demand of bitcoin in higher levels would be the key for bitcoin's current rally. The Chinese investors and media promotions are few other significant factors beyond mentioned by OP.

vatusasid

newbie

Activity: 54

Merit: 0

Quote from: Donald_Buck on February 21, 2017, 07:52:24 AM

The reasons why Bitcoin is up 150% in the past 12 months?
I am also surprised: it should be 1500% and not 150% ...

If the block size is larger, the price could be higher.

Donald_Buck

jr. member

Activity: 50

Merit: 4

The reasons why Bitcoin is up 150% in the past 12 months?
I am also surprised: it should be 1500% and not 150% ...

btvGainer

legendary

Activity: 854

Merit: 1000

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

One of the reason could be the success of some Altcoin.A lot of people have investex in ICO last year like for example ICONOMI got 10k btc and all these btc are still in cold storage.Similarly there were other ICOs that got lot of btc investment like Antshares,Wings,Ark etc,this has led to short supply of btc and consequent price hike.

Zadicar

legendary

Activity: 1302

Merit: 1018

Cashback 15%

Ill choose number 4 since all those 1-3 are possible causes on which bitcoins price does increase on that percentage and we cant still be sure if this trend will continue or not in the future but seeing on the current price it does still increase gradually which really means that bitcoin is really a good investment.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: puremage111 on February 21, 2017, 04:51:52 AM

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

I believe Halving could be one of the reason. Then another important factor could be the start recognize and acceptance of bitcoin in multiple market and industry

Halving gave the start to the increase in price. This further moved gradually. Soon after this due to the China's fake market by exchanges the price pumped and in a short price again came down. Now due to the ETF the upward movement is taking place without any assurance.

1Referee

legendary

Activity: 2170

Merit: 1427

Current price and sentiment are partly being driven by the ETF that might get approved next month. It's a big deal if it turns out to get approved since this might be the thing that we needed to bring institutional investors on board. That's why I expect the positive upwards movement to continue till March 11, where after that we'll see what the outcome is. If the ETF gets approved, we may see a decent peak at that exact day, where after that we'll continue going up like we have in the last days. If it doesn't get approved, then I expect the price to dive below $1000 again.

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

So many reason for this halving can be one of them, demand can be another, even can be talks about implementation of segwit and BU. All factor and some other are reason that price is changing and can be implemented in any way. Realistically we can expect this year for bitcoin to be over 1200 even 1500 in some point this year. Price can go down below 800 so best recommendation is to store as much is possible.

Schuyler

hero member

Activity: 518

Merit: 500

I remember last year that one of the reasons for the price surge was the result of the Brexit vote which sent the price from about $500 to almost $800, then it went back to the low $500s before stabilizing for a while at $600. Some predicted that the halving will have a huge effect on the price but that was not to be as that event came and gone and only did the price start to really ascend in November and reached four digits by the first week of January.

vatusasid

newbie

Activity: 54

Merit: 0

Quote from: BrewMaster on February 20, 2017, 02:18:22 PM

it is all of the above!
but you should know that a 100%-150% rise is not a new thing and it certainly was not only last year.

2011 price went from $0.3 to $3 (900%)
2012 price went from $3 to $14 (360%)
2013 price went from $14 to ~~$1200~~ i'd like to think real price was $180-$200 (1300%)
the Mt Gox correction took some time but before that price was rising the same way.
2015 started from $200ish and ended at $450 (125%)
and 2016 from $450 to $1166 (160%)

p.s. the numbers may be a tiny bit off the mark, check price history for accuracy!

This year, the price will rise between 80-200%.

Denker

legendary

Activity: 1442

Merit: 1014

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

The rise started october 2015.Since then we are moving up.
The main reason I would say is that Bitcoin was highly undervalued!! And the smart investors knew that!Halving of course had an delayed effect as we saw in 2013.
There wassn't or isn't any hype due to SegWit or LN. As long as this isn't accepted by the network you can not come up with that as a reason why the price was rising the last 12-15 months!
The ETF gets way too much attention imo and I do no think it will get approved.Therefore we may see some correction happening, although I believe it will only be for a short period of time. A price of $1500 until the end of this year I would see as fair and possible.
However that doesn't mean it will happen. Things often come different than expected.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

I believe Halving could be one of the reason. Then another important factor could be the start recognize and acceptance of bitcoin in multiple market and industry

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

this is a normal amount of rise for bitcoin. and it is not even a new thing

Quote

What do you think caused that?
1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

all of these can be the cause of the rise.
1) halving has led to less reward for miners to dump which means less sell pressure.
2) this is always there, bitcoin is getting adopted everyday whether by new investors waning to join in the >100% profit each year. or it is adopted by new merchants wanting to get rid of relying on banks and get rid of charge back scam.
3) SegWit and LN are not projects it is more of development, projects are ETF, Megauploan 2.0, OpenBazaar, and many things that I can't recall right now. and these projects introduce bitcoin to many so they are helpful.
4) the price itself has always been a big factor. when bitcoin continues doing well over time, more people notice this and feel more confident to invest.

Quote

Do you think rising trend will continue in 2017?
Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

we are too far away from the "ceiling". many say price should be $5000-$10000 per bitcoin and we are so far away from mass adoption, so you should expect a continued rise in 2017.

JL421

hero member

Activity: 812

Merit: 510

Normally if you see the price keeps increasing itself as many new users are daily purchasing. And also the mining facilities are increasing so I think that also affects the price. Now talking about 150% I don't know when you purchased but most of the people had purchased bitcoin during the bitfinex hack as the price was really low so if you compare that time and now there is a easy return of 150-180%.

ArdiPrabowo

hero member

Activity: 644

Merit: 500

Quote from: BrewMaster on February 20, 2017, 02:18:22 PM

it is all of the above!
but you should know that a 100%-150% rise is not a new thing and it certainly was not only last year.

2011 price went from $0.3 to $3 (900%)
2012 price went from $3 to $14 (360%)
2013 price went from $14 to ~~$1200~~ i'd like to think real price was $180-$200 (1300%)
the Mt Gox correction took some time but before that price was rising the same way.
2015 started from $200ish and ended at $450 (125%)
and 2016 from $450 to $1166 (160%)

p.s. the numbers may be a tiny bit off the mark, check price history for accuracy!

if youre write about statistic bitcoin price is true
investment in bitcoin is profitable, because without anything do it can get much profit, and every year can incraese over 100%

poloniexwhale

sr. member

Activity: 280

Merit: 250

Quote from: Slark on February 20, 2017, 02:01:15 PM

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

Halving should be one reason, and the main reason, but before halving pump, I remember we could almost hit 800 usd, and then be dumped to 5-600 usd for months, and then big pump to 1200 usd.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

it is all about adoption AKA more demand.
right now more demand means more people investing in bitcoin since it is mostly an investment, and things such as ETF are effective but LN, Segwit,... are off less importance to investors.

for the future we need more adoption as a currency and the later things become of importance. and when more businesses and services are created in bitcoin world we see more people coming in and higher price. and the 100%-200% rises in a year continues.

cracxme

full member

Activity: 170

Merit: 100

First and most important point is Demand, as supply of coins are limited and people taking more interest in it so, price will increase.

Halving is another factor as mining coins become less profitable when halving takes place, so it put pressure on miners, if price will not increase after halving then people will stop taking interest in mining coins as difficulty increasing day by day and thus we need high power miners which are very expensive to operate.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

the only reason for price rise is always adoption and nothing else. and more adoption leads to more demand and that simply rises the price based on supply and demand relationship.

all the rest of the factors such as capital flight!, ETF, and other weird things you hear in other topics, if they lead to more adoption that means they are contributing to rise by adding more people.

although halving means is the only thing that is contributing to less new supply so less sell pressure by miners hence price rise.

Topic: Price of BTC - up about 150% in the past 12 months. Reasons? - page 2. (Read 2213 times)