Topic: Reasons why bitcoin rapidly increase $15,000 in just 5 months? (Read 417 times)
There are a lot of factors affecting the price of Bitcoin. But, since it has been becoming more popular, it is gaining more investors, therefore increasing the price.
January 11, 2018, 03:25:23 PM
Owing to more people looking for bitcoins, the price has grown into this amount. More successive price rising are also expected in the incoming year for btc values.
December 17, 2017, 05:17:30 AM
I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months. Would it will be happen to some digital coins also listed in coinmarketcap? Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?
The reason for all this is due to the increasing demand for bitcoin. Currently bitcoin is increasingly used to conduct financial transactions worldwide economic transactions. That is the reason why bitcoin prices can rise so amazingly in a very short time. Consider now that there are already some other coin that already show positive trend, you can observe bch as one of coin which have high level of price increase. So it's not just bitcoin, almost a lot of coins are feeling the same effect as bitcoin. December 17, 2017, 05:10:40 AM
There are so many reason why the price of bitcoin will increase to $15000 in just month. The most important reason is that the number of user of bitcoin is increase suddenly because the demand of bitcoin in all over the world is increases very much that affect the price of bitcoin is increase suddenly very much . The price of bitcoin is also increase in the future at the end of 2017 the price of bitcoin is approx to $20000 .
December 17, 2017, 03:43:20 AM
I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months. Would it will be happen to some digital coins also listed in coinmarketcap? Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?
I think investors are pouring money into bitcoins a lot, this is a potential currency in the future, it can replace the current currency, so its price will be high halfBitcoin rapidly increase in 5 months because of decentralized process and it rate was good now a days and it increased day by day also and today rate it Cross the $19000 in future it increase very high so it's already Cross the $150000 and it in 5 months only because the buyer is increased and investor get soon it cross $20000 sure.
December 17, 2017, 03:06:43 AM
I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months. Would it will be happen to some digital coins also listed in coinmarketcap? Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?
I think investors are pouring money into bitcoins a lot, this is a potential currency in the future, it can replace the current currency, so its price will be high half December 17, 2017, 02:26:08 AM
There is no manipulation in bitcoin price as it has a huge market cap.No other coin has a chance to ever face such a huge rise in their price.At first,after china took strict actions against bitcoin,more altcoin holders started to switch to bitcoin to enjoy the free air drop and claim free coins.It was a reason for price rise for a smaller period.
But when CME announced that it would release bitcoin futures,immediately thousands of new accounts were opened in coinbase exchange.More investors started to buy bitcoins which mainly triggered its price.Then CME's rival,CBOE also announced that it would enter bitcoin market.The p rice rally started at that time and now it has reached $19,380.
But when CME announced that it would release bitcoin futures,immediately thousands of new accounts were opened in coinbase exchange.More investors started to buy bitcoins which mainly triggered its price.Then CME's rival,CBOE also announced that it would enter bitcoin market.The p rice rally started at that time and now it has reached $19,380.
December 16, 2017, 02:49:47 PM
I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months. Would it will be happen to some digital coins also listed in coinmarketcap? Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?
By supply and demand and marking control from big holders and exchangers, I believe the current price is being manipulated by millionares.
December 16, 2017, 02:48:53 PM
Just because the supply were short and many people attracted to bitcoin by it's price in a short time. Therefore it is increased from 1000USD to 18000USD. Because if there is less supply then the demand is increasing. That's why it's reached to that level. Soon it will reach to 40,000 USD because the supply of bitcoin only left 1 Crore and 67 Lac.
December 16, 2017, 02:33:53 PM
Bitcoin transcendence is due to new users like you joining the community.
The last few month, Bitcoin community has grown up significantly which comes along with more demand.
We all heard about the day when Coinbase added over 100,000 new users and you can imagine how many new users joined since that day.
But with high fees and other emerging problems, Bitcoin is becoming out of reach for small investors and not suitable for day traders.
The last few month, Bitcoin community has grown up significantly which comes along with more demand.
We all heard about the day when Coinbase added over 100,000 new users and you can imagine how many new users joined since that day.
But with high fees and other emerging problems, Bitcoin is becoming out of reach for small investors and not suitable for day traders.
December 15, 2017, 07:14:11 PM
I think the only reason is media. They saw BTC did new ATH news every week and people started to invest their money without searching or having knowledge about correction etc. They just keep buying and buying. People dont care about its technology they wanna make profit. I hope it will keep going up!
December 15, 2017, 07:01:12 PM
Because traders and investors are crazy. Investors and traders so desperately want to make unrealistic profits that they throw their money (or other people’s money) at get rich quick investments. Same reason that giant mountains of money was lost in the dot com crash.
December 15, 2017, 06:44:12 PM
I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months. Would it will be happen to some digital coins also listed in coinmarketcap? Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?
There is no price manipulation and also listing of new digital coins has nothing to do with the price rise of bitcoin.Main reason is the announcement of CME and then CBOE that they are going to issue bitcoin futures.Immediately after the announcement,thousands of new accounts were opened in coinbase.More investors started to enter in to bitcoin market which triggered its price. December 15, 2017, 04:43:17 PM
Supply and demand primarily dictates how will the market flow. In this case, bitcoin has been overflowing with demand and rapid growth from customers but the supply remains the same meaning the price will surely go up. Add to that the constant hype surrounding bitcoin since CBOE decided to setup their personal futures market. The talks about bitcoin is neverending right now which attracts more and more people = more and more demand = price growth.
December 15, 2017, 04:17:20 PM
Demand increasing, more mass media covering the subject of cryptocurrencies and bitcoin, China threatening to ban Bitcoin, it all adds up. Not to mention each generation born since the mid 90's is more than often extremally technically-savvy, they are almost guaranteed to be interested in stuff like this.
December 15, 2017, 03:53:15 PM
the demand of bitcoin are high yhan supply , this is the main reason which was allowed the bitcion increase $15,000 in short time .
December 15, 2017, 03:51:19 PM
Supply vs Demand. More and more people are hearing about Bitcoin / cryptocurrency every single day. This is driving the price up rapidly!
A lot of people are now showing interest with bitcoin and the demand for this is really increasing and I think this is the best example why the price of bitcoin continues to rise high. I believe on its technology that will help us move forward so better to join the trend now.
December 15, 2017, 03:49:40 PM
If you really think that bitcoin increased from $100 to $15000 just because of futures then you are drunk, or you are just dumb.
The price has increased only because of FOMO, no one wants to miss this great opportunity to keep earning some money while it lasts.
Tell me, if you have the opportunity to double your money or even triple it, wouldn't you invest?
This bubble will crash, but not for now, no one knows how much it will take until we see this bubble crashing.
The price has increased only because of FOMO, no one wants to miss this great opportunity to keep earning some money while it lasts.
Tell me, if you have the opportunity to double your money or even triple it, wouldn't you invest?
Search about CME's Bitcoin Futures which bring Bitcoin to the mainstream media and it captured the attention of well-known people in Business and Investment field and other Countries who are giving their rules
This bubble will crash, but not for now, no one knows how much it will take until we see this bubble crashing.
December 15, 2017, 03:44:54 PM
Big time investors are getting involved and bringing Bitcoin more attention. It is also based on supply vs demand
Because of the attention, more people want Bitcoin thus creating the surge in price we see today and will continue to see.
Because of the attention, more people want Bitcoin thus creating the surge in price we see today and will continue to see.
December 15, 2017, 03:42:21 PM
Bitcoin is based purely on demand and supply
and taking into account the fork situation we
had from July, Bitcoin had this rapid increase
mainly due to speculation and large investments
from the investors
and taking into account the fork situation we
had from July, Bitcoin had this rapid increase
mainly due to speculation and large investments
from the investors
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