what caused the increase in price of Bitcoin?

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Quote from: el kaka22 on April 24, 2016, 04:29:28 PM

Just as many users said, the biggest factor that affected the price of bitcoin is the supply and demand.
Currently, there is a really high bitcoind demand in China and that's what's affecting the price.

Not only in China, but it's more the block halving effect that is getting in the heads of investors everywhere around the world. If this will continue till the block halving, then the coming months will be more than profitable for a lot people here. Cheesy

bitlancr

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Quote from: virtualkeybuyer on April 24, 2016, 03:13:46 PM

I think the high demand and people selling it at high price because of its demand, that is the cause which is going to increase the price of bitcoin. when everyone sell their coins at a high price then the price will definitely increased everywhere.

For me it seems some new money is coming in. New investors trying out bitcoin as an investment. In the past the rise was very big (whales)
but the last couple of weeks this is started so this time it is real.

So i expect that the rise in price will hold and not like last time comes crashing down again.

el kaka22

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Just as many users said, the biggest factor that affected the price of bitcoin is the supply and demand.
Currently, there is a really high bitcoind demand in China and that's what's affecting the price.

virtualkeybuyer

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I think the high demand and people selling it at high price because of its demand, that is the cause which is going to increase the price of bitcoin. when everyone sell their coins at a high price then the price will definitely increased everywhere.

zimmah

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more people are getting confident in bitcoin, less FUD about scaling.

more buyers means higher price.

Ulloa

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Either it is some big time whale group who is pumping the price again, or it is actual demand from new investors
Looking towards the steady rise i expect the latter.

Vaskiy

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Quote from: btc-facebook on April 24, 2016, 09:58:05 AM

Quote from: HeroCat on April 24, 2016, 08:46:38 AM

People start to use Bitcoin more and more - demand go up and price too. Wink

also there are some issue about halving so more people will looking for bitcoin and hold
This will give positive attitude for bitcoin adoption and market since they are already known world wide !

Yeah the first thing is the demand, when lots of people starts using bitcoin automatically the price increases.
The other is the block reward halving, due to this we can see a continuous price rise and good adaptation.

Red-Apple

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Quote from: iram66680 on April 24, 2016, 10:02:29 AM

Quote from: Wendigo on April 24, 2016, 09:19:41 AM

The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.

Steam of all things caused the rise of bitcoin price to $5? Cheesy

I think other contributing factors caused this spike up in price of recent events not a video game service.

haha, actually i think it was effective. because it is a huge news and since it is not yet actually happened and steam has only announced it the rise was small and when the actual thing happens meaning when steam adds bitcoin accepted here option the price will go up much higher.

but the rise has a lot of other factors too. like the fact that halving is getting near and also the accumulation phase coming to and end because whales are satisfied which what they have accumulated, and many more that were mentioned in other comments.

iram66680

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Quote from: Wendigo on April 24, 2016, 09:19:41 AM

The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.

Steam of all things caused the rise of bitcoin price to $5? Cheesy

I think other contributing factors caused this spike up in price of recent events not a video game service.

btc-facebook

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Quote from: HeroCat on April 24, 2016, 08:46:38 AM

People start to use Bitcoin more and more - demand go up and price too. Wink

also there are some issue about halving so more people will looking for bitcoin and hold
This will give positive attitude for bitcoin adoption and market since they are already known world wide !

Wendigo

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The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.

HeroCat

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People start to use Bitcoin more and more - demand go up and price too. Wink

thend1949

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The cause of increasing the price of bitcoin was the cause of coming bitcoin halving in june, because many investors will buy and hide their btc so in the bitcoin halving many btc are stocked so in the market the supply will goes down if the stocked is decreasing, the price of bitcoin get high

KennyR

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Quote from: MedaR on April 24, 2016, 05:13:29 AM

This slow rise is only manipulation, but will be ended with appropriate correction. You can be sure when real pump starts it will be pumped 100$ in few hours.. This s regular weekend pump,nothing more.

I believe the price is based on the running technology. Not every weekend we had a big rise only after continuous increase its been experienced.

MedaR

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This slow rise is only manipulation, but will be ended with appropriate correction. You can be sure when real pump starts it will be pumped 100$ in few hours.. This s regular weekend pump,nothing more.

Nimbulan

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Quote from: ralle14 on April 23, 2016, 11:04:09 AM

The cause of this increase is because people are buying more bitcoins while the price is still not that high to achieve more profit by hodling and getting ready for the result of the halving in less than 3 months which the price might hit $1000 in the future

thats true, people are buying like crazy at the moment and these trends will continue for a while in my opinion thus allowing us to make some good profit in the near future

i think that the incoming block reward halving will be the key and it will allow us to make some decent profit in the nexxt few months though thats just a prediction and anything might happen to be honest

ralle14

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The cause of this increase is because people are buying more bitcoins while the price is still not that high to achieve more profit by hodling and getting ready for the result of the halving in less than 3 months which the price might hit $1000 in the future

randy8777

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if people just take the effort to read more than only the title they would have noticed the date this thread is created. at that point it was mainly due to the mmm ponzi that people in china were buying the price up like there is no tomorrow. that's it.

Fatanut

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Quote from: arwin100 on April 23, 2016, 07:17:21 AM

Quote from: Fatanut on April 23, 2016, 12:29:40 AM

The pump that's happened in these past days is because people are starting to fill in their stash. Basically, getting ready for the big pump in the future.

I think the cause of pump is the people buy bitcoins and use its. like the demand and the less of bitcoin the more it will be demand and the price per bitcoin will rise. And lets apply tradings the more buy the more it pumps i think thats the factor will bitcoin prise rise and as we can see now. Let see the future price rise.

That's basically what I said. I just said it in lesser words. Roll Eyes

MedaR

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We could say human greed causing price to rise.
Demand and supply determine price, but demand can be created with opportunity. We can see people investing in something they expect to have earnings from it.
What is difference here? Nobody actually know what is highest and what is lowest price, and this confusion can lead us to more rise. Perfect place for speculators!

Topic: what caused the increase in price of Bitcoin? (Read 1619 times)