rapidly increasing price - page 4. | Bitcointalksearch.org

CoinCidental

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Quote from: Slark on November 01, 2016, 10:52:03 PM

Some reasons behind recent price rise:

1. SegWit is implemented in latest version of BitcoinCore. Miners will start signaling readiness to accept and activate it soon.
It is the biggest and the most crucial update to bitcoin protocol up to this date. Once activated it will be huge improvement to the Bitcoin network.

2. Overall positive news about Bitcoin i.e. Swiss railway Bitcoin adoption.

3. Chinese Yuan decline, last week we noted the biggest Yuan's price drop since 2015 Yuan's devaluation, hence Chinese investors and speculators are locating money in bitcoin.

**scarcity**

Slark

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Some reasons behind recent price rise:

1. SegWit is implemented in latest version of BitcoinCore. Miners will start signaling readiness to accept and activate it soon.
It is the biggest and the most crucial update to bitcoin protocol up to this date. Once activated it will be huge improvement to the Bitcoin network.

2. Overall positive news about Bitcoin i.e. Swiss railway Bitcoin adoption.

3. Chinese Yuan decline, last week we noted the biggest Yuan's price drop since 2015 Yuan's devaluation, hence Chinese investors and speculators are locating money in bitcoin.

Doms

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Quote from: socks435 on November 01, 2016, 01:18:08 PM

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

The price stayed at the $600 level for a period of over three months before it suddenly surged to over $700. We could be hitting the $800 before the year ends, something that has not been reached in a while now. Glad that this increase is due to really positive developments from bitcoin and not something that's done to pump the price.

mlbs

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I think this is because of the halving which will end few months from now.. so lucky are the ones who have kept there bitcoins in their wallets. Few days from now i bet the price will probably reach to 750 to 800 USD.. hopefully. Then probably that would be the best time to convert our bitcoins to dollars..

n0ne

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Increase in price of bitcoin is continuing due to the increasing adoption as well the increase in usage of bitcoin as a currency and a investment. None can make exact prediction about the price increase and decrease.

socks435

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We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

kanazawa

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One thing that I doubt is that it is a pump and dump. The net is very large to be manipulated. It's not a kinda currency like ETH or XMR. Even these currency, they're in the beggining of "life", so not so much giants are with it in their hands, and the acceptance is very small comparing with Bitcoin. Now, many markets are investing big cash and the development of blockchain is taking bitcoin together. So that's it.

olubams

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Its really something good to see but the issue has always been how sustainable will it be? I have also been keen about the movement in the last couple of days and is just so surprising to see the rapid increase in price within a twinkle of an eye. Whether halving or not, whether pumping or dumping, I dont understand the technicalities surrounding that all I want to see is increase in value of what I have yesterday, and being it sustainable...

crairezx20

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Quote from: Ayers on November 01, 2016, 12:16:30 PM

Quote from: abel1337 on November 01, 2016, 09:34:16 AM

Bitcoin price increasing too fast in few days past. Is this the effect of bitcoin halving that ended few months from now.I the rumors are true that the price will increase after few months bitcoin halvings end

i don't think the halving have anything to do with this anymore, i think they are just pumping this like they do most of the time, to me this look a return to the main, i mean it's not a crazy pump it's just a correction toward a possible uptrend

I think the is still the effect of halving because the supply are reduce to 12.5 btc per block that is why the price is increasingly fast unlike before..
So more adoption will come more price will increase since bitcoin are more popular unlike before..

Ayers

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Quote from: abel1337 on November 01, 2016, 09:34:16 AM

Bitcoin price increasing too fast in few days past. Is this the effect of bitcoin halving that ended few months from now.I the rumors are true that the price will increase after few months bitcoin halvings end

i don't think the halving have anything to do with this anymore, i think they are just pumping this like they do most of the time, to me this look a return to the main, i mean it's not a crazy pump it's just a correction toward a possible uptrend

harizen

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Quote from: tunctioncloud on November 01, 2016, 11:17:17 AM

Reasons have been extensively decided, and no precise one was found yet. However, what I can say is that someday it will fall down, that isn't a definitive rise like we saw in November 2015 and June 2016.

Past performance can't be a basis accurately for a future output especially in bitcoin price.

Fall down might not be the appropriate term but rather price decrease and it's normal that whenever there's a price increase it's always accompanied by a price decrease so obviously it will happen. We just don't know when. Like to see how the price will support it's stand at above $700. Hopefully the status of range at around $700 will be the same as the range when the price is around $600.

Looks like the trend started has been on a success. Let's see how far it will goes.

amacar2

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Price is pumping from few weeks continuously and even don't get much deep when reaching $700 which was predicted by lots of members including me. But this time i think price really wants to breath some fresh airs so we may see very good price before any correction. No correction seems to be there soon...

Bitcoinsummoner

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This is just a nature of bitcoin that the price will increase and decrease and i think some people out there are satisfied what the price right now and sooner it can affect the price soon and it will be back to normal soon..

tunctioncloud

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Reasons have been extensively decided, and no precise one was found yet. However, what I can say is that someday it will fall down, that isn't a definitive rise like we saw in November 2015 and June 2016.

equator

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Quote from: sildyas on November 01, 2016, 10:51:03 AM

Quote from: Daisy14 on November 01, 2016, 10:44:18 AM

Quote from: jacktheking on November 01, 2016, 08:32:58 AM

...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.

Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down.

It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... Undecided

So that did happen. It showed up a little in the latest bitcoin news but for only a day. Looks like it did not affect the price if it was even noticeable.

ya it did not got affect to the price and it went back to $730+ price, and i think in 2nd week of november we can see the price above $800+

sildyas

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Quote from: Daisy14 on November 01, 2016, 10:44:18 AM

Quote from: jacktheking on November 01, 2016, 08:32:58 AM

...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.

Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down.

It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... Undecided

So that did happen. It showed up a little in the latest bitcoin news but for only a day. Looks like it did not affect the price if it was even noticeable.

criptix

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Quote from: Daisy14 on November 01, 2016, 10:44:18 AM

Quote from: jacktheking on November 01, 2016, 08:32:58 AM

...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.

Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down.

It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... Undecided

That is less then nothing (if it is even true)

Daisy14

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Quote from: jacktheking on November 01, 2016, 08:32:58 AM

...Unless there is another hacking incident or bad news about Bitcoin, the price should be rising for the next few months.

Actually last week I heard there was another hacking incident where a Polish bitcoin exchange, Bitcurex got hacked and lost about $1.5M so it has to close down.

It seems the hacks occur anytime bitcoin pumps - the whole thing is starting to look staged somehow... Undecided

criptix

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Supply and demand.

Im shorting this fomo now

Paashaas

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The price will increase rapidly because of 1 reason; Supply and Demand.

21 million coins for 7 billion people! Even with the slightest demand the price will shoot up with tens ore hundreds of dollars, and this coming bull-run is not even the mainstream run Shocked

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