Topic: So why is the price of bitcoin going up so crazy? (Read 2428 times)
Bitcoin can rise very drastically at the end of last year because in the previous year's bitcoin users are still very little, then last year bitcoin users began to rise sharply and the number of investors also increased rapidly. So the price of bitcoin skyrocketed very quickly in an instant.
Usually around christmas, people need money for presents etc. Also a lot of people probably realised the developement looked like a bubble which was about to burst. Together with a lot of bad news from media (which I think was manipulated the same way it way manipulated to get this gigantic bubble going) it came crashing down, with probably even more people selling their coins in fear of losing even more. The lower the price though, the more people were motivated to buy in again, especially people that know how to invest: buy at the bottom, sell at the top. Now that the bubble has burst, Bitcoin can develop normally, which is a upward move (as more people get intrested in, but the number of coins is limited)
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
The price increase of bitcoin is not sudden but a gradual rise. Actually noone can really tell the exact reason why it goes up neither whi controls its prices. It is also unpredictable. Maybe one of the reason is the demand of bitcoin and investors has again a positive view of the cryptocurrency.
High demand is the main cause of rising bitcoin prices. Those who invest bitcoin always believe that at the end of every year bitcoin prices will soar. I think it's too much if history is to recur, all we need to do is do some analysis to do the right speculation so we can benefit in the future without having to lose. Analysis becomes more important than just predicting without basic knowledge of the price movement of a digital asset.
I think bitcoin prices are rising sharply due to market demand. Many people are trying to buy more bitcoin because they believe it will increase quite high and by the end of this year. They believe that history will repeat, which is why bitcoins are rising.
as i know, the price is going crazy like last period is, humanity startly conscious about bitcoin and other cryptocurrency that this is the most amaing innovation this decade and hope usefull on next time.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
Nice question. I think, this bitcoin positive statistics rate is to encourage investors, client, bounter. Or any person that wish orwnants to gain profit.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
I think bitcoin rises up because of positive news regarding bitcoin, like amazon will accept bitcoin as payment. Countries like hongkong and Singapore are friendly to bitcoin will be a new haven for China for cryptocurrencies growth and development soon. Islamic regions recognised bitcoin though it is been restricted due to Islamic beliefs and rules. All these positivity helps bitcoin to pumps up bitcoin so crazy.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
The number one factor why the price is going up crazy is the massive demand of supply because there are so many investors that are interested to invest in bitcoin because of the sharply increasing price of bitcoin even in short period if time.
Well for me the factor that drives this crazy volatility of Bitcoin price is the law of supply and demand. If more people would want to buy more Bitcoin, we will have a higher demand than the supply that we have, hence the price is go higher. It also has the same principle when the price is low, the more supply we have since a lot of people are selling their coins then the lower the price will be.
As more and more investors have been investing in bitcoin, so the demand is increasing with the each passing days. The more the demand, the higher the price.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
My friend this is a sign that will have a party for this nice happening right now.I know why bitcoin going up so crazy because many holders and investors buy bitcoin instead of selling it. 
It's very simple reason, really.
Human greed.
Many people wants to make quick profit and when they see that btc grow fast, they want to get in "train" as soon as possible and wait for a quick earning.
A lot of payment accelerates bitcoin growth until saturation and slowing growth occur.
When such scenario happen, trend change.
Than, we see panic selling and drop of price.
Human greed.
Many people wants to make quick profit and when they see that btc grow fast, they want to get in "train" as soon as possible and wait for a quick earning.
A lot of payment accelerates bitcoin growth until saturation and slowing growth occur.
When such scenario happen, trend change.
Than, we see panic selling and drop of price.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
it is because of supply and demand, Due to the popularity of bitcoin many seek and love it, because of this the bitcoin value increases. If the bitcoins demand increase expect that the value will increase next.
Because the people who hold Bitcoin the most they have the power to make Bitcoin up or down, for example Bitcoin down is because they start to flush out, causing people to panic and sell it at very cheap prices, keep many Bitcoin can buy at the lowest price.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
I know this has been asked several times, but adoption and the belief that this technology is the next big thing after the internet, time have proven that we need decentralized online transactions and the only cryptocurrency like Bitcoin can deliver that.
the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?
The prices are surging due to huge investments being made by the investors in order to gain huge profits in the long run when bullish market comes with huge price bumps and price reaching peak levels like $50k-$70k.This demand is not matching supply as it is limited to 21 million and economics rule states that higher the demand higher the prices.So its rising and will continue to rise in future. The biggest reason for the growth of Bitcoin is obviously the increased popularity that the virtual currency got basically everywhere.
If you spend time on popular internet forums, you must have heard about Bitcoins. There are stories of people becoming millionaires by investing in Bitcoins. As of April 2018, the price of Bitcoins has already reached about $8000. It is expected that the price will rise continuously over the next few years as well.
However, there had been recent dips in prices as well which stressed the existing investors. Even then if we compare it to options like bank deposits, bitcoin is clear winner.
Bitcoin surged sharply, as the country's economy plunged into a severe crisis, with thousands of dollars in inflation, people were betting on a collapse and betting on Bitcoin as a means of protection. manage your property.
Perhaps the reason is that the price of bitcoin has been found in the most worthwhile place to invest. I do not worry about the bitcoin's growth rate. But hopefully it does not change too much to the balance of the market and the coins behind ico.
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