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?
Topic: Reasons behind this Rise/Bubble? - page 2. (Read 1825 times)
Bitcoin price was $1k when Japan legalization news hit, and it pumped to $2500 in like one freakin' day.
I'm going with Japan = the reason.
Fiat isn't crashing in our lifetimes, if you really think it will you need to forget about crypto and put your money into ammo and long lasting foods and turn your basement into a fortress.
Trump isn't getting impeached and everyone with a brain knows it.
This N Korea bs is nothing new - they say they will attack if we attack first, and we say the same. It's just the same old posturing pushed by the press to get views because Trump's words are exactly the same but said in a more colorful way.
The segwit thing might have helped push this, but it's the Japanese news that is the main driving force.
I'm going with Japan = the reason.
Fiat isn't crashing in our lifetimes, if you really think it will you need to forget about crypto and put your money into ammo and long lasting foods and turn your basement into a fortress.
Trump isn't getting impeached and everyone with a brain knows it.
This N Korea bs is nothing new - they say they will attack if we attack first, and we say the same. It's just the same old posturing pushed by the press to get views because Trump's words are exactly the same but said in a more colorful way.
The segwit thing might have helped push this, but it's the Japanese news that is the main driving force.
I always use to think that it is because of the news that is happening. Hard fork, ETF, BU, BCC and SegWit. This things made a lot of ruckus in the internet that made investors see what bitcoin is.
Now, I think it is because we are growing in numbers. With that more and more people want to be a part of it and that means they want bitcoin in their hands.
What else could it be? In the market it is always about the demands and bitcoin is in demand right now. If there will a non stop of new user that will come then this price will never stop on growing.
Now, I think it is because we are growing in numbers. With that more and more people want to be a part of it and that means they want bitcoin in their hands.
What else could it be? In the market it is always about the demands and bitcoin is in demand right now. If there will a non stop of new user that will come then this price will never stop on growing.
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
As long as we are not at 10k within the next 4-8 weeks this is no bubble. Period!
For a very very long time Bitcoin was suppressed in terms of it's value!
And now with SegWit getting activated and big blockers having their own coin many things have cleared up.
For a very very long time Bitcoin was suppressed in terms of it's value!
And now with SegWit getting activated and big blockers having their own coin many things have cleared up.
I think the present bubble is price reactions to the past events of August first and the segwith 2 activation by September. Bitcoin has been rated as one of the best investment opportunities in the year 2017 and since the split in August did not cost more harm many traders has seen this as the best time to invest in it. The hardfork issue in September is going to be a positive one and traders want not to be left behind.
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.
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.
The big news is segwit, that is all, optimism is running rampant at the moment with segwit activation and the seemingly stagnation of bitcoin cash, so it is as if bitcoin removed some shackles that slow it down and now is reaching something closer to its true price.
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
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.
I think the main reason is a relief after 1st August. Then positive expectations on Segwit activation.
Also Lightning Network theme starts spinning in media. Just for example on CNBC
https://www.cnbc.com/2017/08/09/bitcoin-segwit-milestone-paves-way-for-lightning-network.html
If you are not in bitcoin news, take into account post above about upcoming fork. It was written a little bit ironically as I get it. However it's about possible fallback and bearish market sentiment. Not now... later.
Also Lightning Network theme starts spinning in media. Just for example on CNBC
https://www.cnbc.com/2017/08/09/bitcoin-segwit-milestone-paves-way-for-lightning-network.html
If you are not in bitcoin news, take into account post above about upcoming fork. It was written a little bit ironically as I get it. However it's about possible fallback and bearish market sentiment. Not now... later.
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.
High demand+ bitcoin scarcity
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.
Hard/soft fork or price fluctuations both are same according to me because in that we can see the bitcoin price to dump to certain value like fall of 500$ or 1000$ in the price chart. Whales normally utilize that situation for their side and invest amount have and buy it as much they can see the price move again to peak and then they use to sell it out.
This is one of the biggest bull run I have ever seen in my life, bitcoin price have jumped from under $3k level to near $4k in just few days 
This rise can't sustain for long time and I am worried about the upcoming correction which might be quite big this time.
The fact is that such a correction occurs every year and I do not think it's worth wondering what will happen after such a massive price increase. I think that those users who have been monitoring the price fluctuations for Bitcoin for more than a year now, I'm comfortable with that. This rise can't sustain for long time and I am worried about the upcoming correction which might be quite big this time.
This is one of the biggest bull run I have ever seen in my life, bitcoin price have jumped from under $3k level to near $4k in just few days
This rise can't sustain for long time and I am worried about the upcoming correction which might be quite big this time.
This rise can't sustain for long time and I am worried about the upcoming correction which might be quite big this time.
I'm not much into crypto news, either, but there hasn't been any that would explain this rise. None that I've read on this forum anyway.
I think there's new money flowing in, as people want to get a piece of the action. Bubbles are self-perpetuating, i.e., price increases cause more of the same. Don't know where the money is coming from, but that's my guess.
I think there's new money flowing in, as people want to get a piece of the action. Bubbles are self-perpetuating, i.e., price increases cause more of the same. Don't know where the money is coming from, but that's my guess.
I also believed that there are new sets of investors pouring cash on the system that's why the influx of money is continuing. I read that coinbase has $100 million in new funding, so its no wonder that bitcoin maybe has a lot of investors behind putting money in the ecosystem pushing that price to this new level. I thought Segwit activation is already price in at $3000, but pushing to price to $3700, this is definitely a new money coming in.
I'm not much into crypto news, either, but there hasn't been any that would explain this rise. None that I've read on this forum anyway.
I think there's new money flowing in, as people want to get a piece of the action. Bubbles are self-perpetuating, i.e., price increases cause more of the same. Don't know where the money is coming from, but that's my guess.
I think there's new money flowing in, as people want to get a piece of the action. Bubbles are self-perpetuating, i.e., price increases cause more of the same. Don't know where the money is coming from, but that's my guess.
seems like it's a facts that current rising because of manipulation,pure manipulation
we will see $4000 or even $5000 before another drop,
and i heard many people talking about another split which mean is another airdrop ?
it is confirmed or not ?
if it's really true,this is also another reason this bubble happened.
just hope everything goes well because i don't want to see the bubble explode this year.
we will see $4000 or even $5000 before another drop,
and i heard many people talking about another split which mean is another airdrop ?
it is confirmed or not ?
if it's really true,this is also another reason this bubble happened.
just hope everything goes well because i don't want to see the bubble explode this year.
the reason is pretty simple, a lot of people were waiting for a drop to happen before they buy. then it happened but they were scared the drop would be bigger (because of split and all that FUD). then the price went up, they were still scare. and it went up higher they now are scared in a different way. they have the fear to miss out and are buying as fast as they can.
and probably will continue to do for a while. and $4000+ is not out of the ordinary in this case either and that would be a bubble.
and probably will continue to do for a while. and $4000+ is not out of the ordinary in this case either and that would be a bubble.
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