Reason for the BTC price rise - page 2.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: laluna24 on November 03, 2017, 05:38:22 PM

Bitcoin price is heading more then $7000 now and I think it will continue to increase its value. Yes, possible reason's of users are into buying bitcoin because of the hard fork. Actually we dont know yet at what price it will reach this year but surely bitcoin will continue to rise high.

Yes, you are reading it wrong. Try to read the article first before saying that the reason of the bitcoin rise is because of the hard fork. We knew it that it's one of the reason but you are not clearly reading it right regarding with the article given at the OP. ICO's are one of the major players in the crypto's now giving a pump to bitcoin as every ICO are depending their main currency to bitcoin. Though there is ETH and other preference but most it is with bitcoin.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: luizhenrique123 on November 03, 2017, 04:41:03 PM

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

ICO's relate more heavily to the 1990's dot com boom. When you're talking about bitcoin, it's as if you're talking about Microsoft amongst the realm of all of the "dot com" companies that were started during the time. Of course, not all of them succeeded. Instead, only a few prevailed. When talking about the recent bitcoin rise, it's fairly isolated from all of the ICO business. I don't know what the Forbes writer was thinking or what research he did when writing that article.

laluna24

full member

Activity: 511

Merit: 100

Bitcoin price is heading more then $7000 now and I think it will continue to increase its value. Yes, possible reason's of users are into buying bitcoin because of the hard fork. Actually we dont know yet at what price it will reach this year but surely bitcoin will continue to rise high.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

It is only because of segwitx2 fork, there is no other reason to see this pump, or maybe this is because bitcoin had a lot of pumps this week because of the SEC and the news about bitcoin futures on banks/institutions.
I dont know, but it is going up so quickly, i am not afraid of it, it is just a little bit scary to see that it is going up so fast because it means that it can drop fast too.
But who knows? maybe it wont drop more, but i am sure that i would not buy bitcoins at atm's rate.

MiningSensei

hero member

Activity: 766

Merit: 509

People are moving their altcoin's funds to bitcoin, and there is nothing new with this, i see it as a right thing, just look at the charts, altcoins had an horrible year, siacoin was upto x6 from now on August, and now it is almost dead, the same applies to the other altcoins that are under #50 at the moment.
And of course that it is rising because of the next fork, and everybody knows that.
But i see it as a great thing, i dont like to see bitcoin going down, and i am happy to see that the price is over $7200 at the moment.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: Kemarit on November 03, 2017, 05:04:55 PM

Quote from: luizhenrique123 on November 03, 2017, 04:41:03 PM

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

Garbage post. Bitcoin is now above $7000 and ICO has nothing to do with the recent price increase. The increase today is due to the looming Segwit2x activation in mid November. And countries are cracking down on ICO's, countries like China, South Korea and the ICO are heavily watching those so I doubt that it contributed to the as least significantly rising price of bitcoin today. Not everything you read in the internet is true, specially about bitcoin and crypto, most of the writers now don't know anything about bitcoin, they just write about it because bitcoin is very much enjoyed by a lot of people and they are just riding out of its popularity.

Yep. Ethereum is the platform that is most associated with ICOs and its price is actually going down from its all time high by 60-70% now. Bitcoin on the other hand does not offer a platform for ICOs to issue its tokens on, yet its price is rising.

Segwit2x could be a possibility, but i think it's just institutional investors catching on.

Bitcoin has a lot of potential and it's just realising this now.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: luizhenrique123 on November 03, 2017, 04:41:03 PM

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

Garbage post. Bitcoin is now above $7000 and ICO has nothing to do with the recent price increase. The increase today is due to the looming Segwit2x activation in mid November. And countries are cracking down on ICO's, countries like China, South Korea and the ICO are heavily watching those so I doubt that it contributed to the as least significantly rising price of bitcoin today. Not everything you read in the internet is true, specially about bitcoin and crypto, most of the writers now don't know anything about bitcoin, they just write about it because bitcoin is very much enjoyed by a lot of people and they are just riding out of its popularity.

luizhenrique123

newbie

Activity: 2

Merit: 0

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

Topic: Reason for the BTC price rise - page 2. (Read 632 times)