I believe the 40% difficulty increase also put some weight...
Sigh. Difficulty does not affect price.
Why not?
Topic: Reason for recent price hike - page 3. (Read 3059 times)
Sigh. Difficulty does not affect price.
Why not?
I believe the 40% difficulty increase also put some weight...
Sigh. Difficulty does not affect price.
I believe the 40% difficulty increase also put some weight...
Baidu.
Whether it is investors or speculators that are driving the price these days one thing is for sure. CHINA 
[Obviously, but that's not the question I'm asking. Everyone keeps saying, duh because people bought. This is a very unimaginative. But why? There have to be real world tangible reasons for confidence, such as the Baidu connection that was made. I'm always interested in why the sudden increase? It was fairly static for ages but then it suddenly it hits $150 for the first time in a long time, and perhaps this time it will be a stable price not just a bubble.
Here is the answer you are looking for:
There is a limited amount of bitcoins. Generally, more people are buying bitcoins as it becomes more widely adopted, and that is causing the price to rise steadily. However, when some people see events like the Baidu announcement, they believe that the price is going to rise even more in the future so they buy now before the price rises, and and that drives the price up quickly.
I'm not sure that there was any particular news or catalyst. Price tends to follow price, and we've been in a bull run for a while. My thinking is that a lot of this run is being driven by incoming Chinese speculators, given the increasing share of exchange volume in CNY.
The only reason is market price. Everone can buy and sell btc....
More people wanted to buy.
More people wanted to buy.
Obviously, but that's not the question I'm asking. Everyone keeps saying, duh because people bought. This is a very unimaginative. But why? There have to be real world tangible reasons for confidence, such as the Baidu connection that was made. I'm always interested in why the sudden increase? It was fairly static for ages but then it suddenly it hits $150 for the first time in a long time, and perhaps this time it will be a stable price not just a bubble.
The only reason is market price. Everone can buy and sell btc....
More people wanted to buy.
More people wanted to buy.
money in = raise
There was also a correction and some events that drove price down then up
money in = raise
Bitcoin is the future, new investors came and put some money in 
The Chinese based Baidu anti-DDOS service listed on NASDAQ is now accepting bitcoin for payment. This is very good news for bitcoin and its adoption.
Thats why increased demand of BTC is there I believe.
Thats why increased demand of BTC is there I believe.
Its bitcoin,the price changes constatly,it will lower soon or even reach 200$.
It's most likely due to this:
https://bitcointalksearch.org/topic/breaking-news-baidu-nasdaqbidu-accepts-bitcoin-310962
https://bitcointalksearch.org/topic/breaking-news-baidu-nasdaqbidu-accepts-bitcoin-310962
I believe so too ^
This is all about that question again I keep asking.
What is the reason for recent rise in price? How can I find out what people are gauging their buying / selling off or is it pure speculation?
Sorry to keep asking this one.
What is the reason for recent rise in price? How can I find out what people are gauging their buying / selling off or is it pure speculation?
Sorry to keep asking this one.
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