Bitcoin is just a hot commodity right now. It started with August 1 and then segwit locking in and the momentum just continued until now. Maybe newbies are buying in because of the hype the events created. But I think it is still healthy because there are real reasons to by hyped.
I do not think it is just newbies buying bitcoin, I think there is a great deal of people that like to speculate with the price and are buying at the moment because they think the rally is going to continue, I do not know if they are right but I know that with this high price I would not buy bitcoins if I were them. 
Topic: Reasons behind this Rise/Bubble? (Read 1782 times)
High demand+ bitcoin scarcity
This will go like cycle ;1. Newbies are buying bitcoin because they have seen a huge surge in price and panic over hardfork is now over.
2. Whales are pumping price even harder so that they can sell at peak.
3. When whales will sell their bitcoins to pull out some profit, it will create an another round of panic on the market.
4. Those new traders will quickly sell their bitcoins at lower price than at what they have bought them due to panic.
5. Whales will buy all those cheap bitcoins again.
Can't find any strong reason,news ,updates that can back such a huge pump we have right now.
Not far from the truth, this is the bottom line
the reason is no reason ,it is bull market now ,when bear market come ,it will down
Only bullish market for Bitcoin and Token ICO, all altcoin on market from June until today still in period bearish market.You can see many altcoin in this month has dumped to lowest price, even the price in March this year!
the reason is no reason ,it is bull market now ,when bear market come ,it will down
Can't find any strong reason,news ,updates that can back such a huge pump we have right now.
Um, maybe you haven't been around because your account is old enough as a hero member i can't say you are new to bitcoin! everyone knows the reason already. it is not really something weird.
the scaling debate has ended and all the uncertainty went out of the window when SegWit reached the 100% support. before that, everyone was either scared, uncertain or both. so they were hesitant to invest in bitcoin. and so far bitcoin is still the same decentralized cryptocurrency that nobody can control and also has a very small and limited total supply.
and now all those people are coming back, knowing that issues are solved and there is only upwards to go.
Despite any occurrence of "big whales" moving the crypto market, there is also huge, bullish grassroots momentum. The price of bitcoin may go down during the next hard fork, however, that does not mitigate the fact that individuals and institutions are dumping money in by the boatloads. Anticipate the market to rocket up after the following hard fork, and trade altcoins for a couple profits currently.
High demand+ bitcoin scarcity
This will go like cycle ;1. Newbies are buying bitcoin because they have seen a huge surge in price and panic over hardfork is now over.
2. Whales are pumping price even harder so that they can sell at peak.
3. When whales will sell their bitcoins to pull out some profit, it will create an another round of panic on the market.
4. Those new traders will quickly sell their bitcoins at lower price than at what they have bought them due to panic.
5. Whales will buy all those cheap bitcoins again.
Can't find any strong reason,news ,updates that can back such a huge pump we have right now.
The reason is the upcoming hard fork
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
Good man! Couldn't have stated it better.......the game of the minnows and the whales
Bitcoin is just a hot commodity right now. It started with August 1 and then segwit locking in and the momentum just continued until now. Maybe newbies are buying in because of the hype the events created. But I think it is still healthy because there are real reasons to by hyped.
August was the reason behind the growing bubble of bitcoin prices every day even every minute because this also as encouraging news for us from a few months ago bitcoin shrank with enough price declines make weak bitcoin so ruckus everywhere. I hope and am sure bitcoin will continue to rise and survive 
There is no specific reason for the price bubble, because in the past the price increase was mentioned as a price wave. By that time of increase its mentioned that three price wave happens. I feel this to be the second price wave and expect the third price wave to take place by the end of the year.
There is always a reason for changing the value of bitcoin, because that is an abnormal change. Bitcoin is a strong currency, it is always growing steadily, but that stability can be broken for a number of reasons.
Well i am not into Bitcoin news, So need sources from you guys. What has caused this uproar in the price in your opinion? Except for the 1st Aug, Have any country approved bitcoin? except the Japan news. Any positive news in the air which has caused this up rise or its just a simple bubble. If you think this isn't a bubble do let me know why? I need proper sources with your answers. Also do suggest me some good news sources for bitcoins. Thank you.
I think the single most talked about issue currently is the segwit activation date which is actually coming later this month. In my opinion, this has a lot to do with the recent rise in price. People simply think that Segwit is going to be activated without any sort of hiccups and they are willing to put their money where their mouth is, and invest some real dollars into bitcoin.
However it does seem like currently, it is entering if not already in a bubble state.
Sources aren't accurate. Do whatever you deem the best thing to do. Don't rely on others opinions. But if you want just general news, then go onto coindesk.
The reason is the upcoming hard fork
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
What a bunch of crap from the forum Troll/Shill. The fork has nothing to do with this. The highest volume of trades are seen in Japan < almost 45% > and this is purely due to relaxed regulation from the Japanese government on Bitcoin. People who are allowed to operate legally with Bitcoin as a currency will naturally adopt a new payment option or currency, because it opens a new income channel.
The shills are gets desperate with every spike in the price and kwukduck is a regular. ^grrrrrrr^
Fiat isn't crashing in our lifetimes
Yeah it is. It's crashing right now... through blatant creeping inflation and soon hyperinflation.
Ever heard of the boiling frog parable? The entire populous has it's head in the sand.
Fiat isn't crashing and the dollar has been on an upward trajectory since 2014.
However, if I was South Korean, I'd stash a bit of money in bitcoin, just in case the North Korea thing took the south korean economy and currency down with it.
Fiat isn't crashing in our lifetimes
Yeah it is. It's crashing right now... through blatant creeping inflation and soon hyperinflation.
Ever heard of the boiling frog parable? The entire populous has it's head in the sand.
The reason is the upcoming hard fork
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.
Oh yes, of course. Bearish sentiment = higher price!
Trolls are funny.
High demand+ bitcoin scarcity
Not limited to this, but the need for Bitcoins is increasing with the increase in total users who are adopting it as well as the fear of hard fork is now settled as things have gone south for Bitcoins after Bitcoin cash got dumped by everyone and no support is being shown and the coin isn't entertained much. Thanks BCH, you gave Bitcoins this boost which we have all been waiting for.
OP, the bubble didn't start yet as you are yet to see the whole picture from now onwards.
There is no sign of increased adoption - the number of transactions every 24 hours has held steady at about 250,000 for months now. It has not been increasing. I think this is a pure speculative bubble.
Is there any viable source to confirm how much does it cost to mine 1 Bitcoin in China with the cheapest electricity somehow? I bet if people could mine Bitcoin with spending much less money than $4000 they would have done it already, that will lead to difficulty increase and more price increase. oh look I just discovered the real reason for recent rise.
You should know there is no reason for people to buy Bitcoin so expensive but when they try mining for themselves they get why others are buying instead of mining.
You should know there is no reason for people to buy Bitcoin so expensive but when they try mining for themselves they get why others are buying instead of mining.
Hidden crisis in fiat money economy,possible usa impeachment,north korea tensions.Crazy idea appear in EBC officials.Thay create law what will allow to suspend withdraw from banks for one week in a case of crisis.Maybe that law will not be alive,but that news as been already released in media.People are loosing his trust to that over manpulated debt economy.And some investors are looking for alernative
We have a winner. Nearly two pages of "blah blah SegWit blah blah fork blah blah scaling blah blah", and only this guy seems to get it.
This massive injection of fiat is because the mother of all worldwide market crises is coming soon, and the elitist insiders know it.
"If everyone is thinking alike, then somebody isn't thinking." -George S. Patton
Exactly! I strongly agree with you, the japan news took bitcoin from $1,400 to $2,300 then a media bubble occurred and it went up to $2,700 and the whales cashed out their profits. After that the 1 August happened and so far we have seen a pump of $2,000 in a period of 2 weeks without much correction, clearly something wrong is going behind the scenes. A huge amount of money is required to make a bump like this, fingers crossed hopefully ww3 doesn't starts soon..
Please help me. I am happy with the way bitcoin is growing this. Despite I have some, I want to buy and add. But I have a new idea, isn't it those people holding huge amount of BCC who are dumping their coins for bitcoins bringing about this rise in price?
I just thought this and for that matter, I'll stop buying btc atm .
Is my analysis wrong or right?
I just thought this and for that matter, I'll stop buying btc atm .
Is my analysis wrong or right?
How does that work? are you saying they are selling them for fiat on localbitcoins or something then using that to buy btc? that seems very far fetched, bcc is getting dumped for btc and that does nothing to the btc fiat price.
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