what caused the increase in price of Bitcoin? - page 2.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

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.

calkob

hero member

Activity: 1092

Merit: 520

These days who knows what increases its price.

Fatanut

legendary

Activity: 1008

Merit: 1060

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.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: btvGainer on April 22, 2016, 06:04:48 PM

I am more concerned to figure out what causes bitcoin prices to fall after it reach certain point.Every time bitcoin price go up,it start falling just few days after.It can't be simple demand and supply gap

It's like a game. Whales buying the price up and people get happy, and other whales dump the price down to secure profits and people get unhappy.

If you know how to ride these waves you will make a decent amount of profit.

btvGainer

legendary

Activity: 854

Merit: 1000

I am more concerned to figure out what causes bitcoin prices to fall after it reach certain point.Every time bitcoin price go up,it start falling just few days after.It can't be simple demand and supply gap

BitcoinBell

newbie

Activity: 7

Merit: 0

The cause of the bitcoin price rise is its high demand of buyers, the more buyers if is there then the value of it will be more and the sellers will sell it at high price and so we will see the result of it as high value bitcoin.

Yakamoto

legendary

Activity: 1218

Merit: 1007

In my opinion, increased demand from China coupled with some investors picking up cheaper coins before the halving has primarily driven the price as high as it has gone, and chances are it is other investors propping up the price right now.

BitcoinBlackjack

full member

Activity: 182

Merit: 250

So many factors that influence both supply and demand that it's hard to tell IMO

Fatanut

legendary

Activity: 1008

Merit: 1060

Big players are starting to fill in their stash for the halving. Roll Eyes

That's why we reached 450$+

zodiac3011

hero member

Activity: 770

Merit: 500

so when you are talking about the increase in price of Bitcoin, you must know there's only 3 ways a price of Bitcoin can increase.
1. It's obvious that China is behind these pump. Because its population is huge! if everyone just buy $1 worth Bitcoin, it would be more than 1 Billion USD worth! so yeah... China
2. the halving - the hottest and never obsolete topic when talking about the increase in the price of bitcoin. I don't have much to say as everybody said a lot about it already
3. It's just some casual pump without any reasons at all or maybe because people suddenly want to buy more???

The Arcitect

full member

Activity: 238

Merit: 100

Many factors contribute to it's rise but most of them are unforseen.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

its have so many factor,but generally,bitcoin price will go rising when demand>Supply,bunch of whale do pumping, and big event or anything surprising happen to bitcoin just like halving
and the main thing, its all depend to the market and buy-sell activities

Gahs

sr. member

Activity: 294

Merit: 250

Minter

I would say one of the major big whales dictating the price of bitcoins are the Chinese themselves.

StevenLiang

full member

Activity: 168

Merit: 100

Supply and demand..
When supply better than demand (BTC sell more than BTC buy), the price will drop for a bit until it match the demand (buyer) price.
And when supply less than demand (BTC sell less than BTC buy), the price will going up until demand become normal again.

We talk about big market around the world. I don't know if some of big whale controling the price or not. But when a lot people hold BTC, the Big Whale itself cannot manipulating the price again.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: boss of bitcoins on November 10, 2015, 11:40:09 AM

what caused the increase in price of Bitcoin?

Apart from demand from China its halving coming in several months when the price will be around $500 IMO and stabilizes there.

EDIT: And the price has dropped because of this I think:

http://www.coindesk.com/bidder-turnout-low-silk-road-bitcoin-auction/

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: boss of bitcoins on November 10, 2015, 11:40:09 AM

what caused the increase in price of Bitcoin?

The rumors and various articles give as a main reason the increase of demand from China. The price in their exchanges was higher than in the other important ones in the world since 2-3 days before. Then this demand was spread in all those. Maybe there must be even some speculation but it would be only a few. The hope is that was the spread of bitcoin (in China) and the need of the people to have some bitcoin or even to have some more. But can be even the aim to transfer out of China big amounts of capital in bitcoin. In few words the sum of all the above and (who knows) even other unknown factors or histeria moments of the bitcoiners.

sakira

hero member

Activity: 532

Merit: 500

I think one of them is China that make bitcoin rise CMIIW.

http://www.coindesk.com/bitcoins-price-rise-explained-by-industry-insiders/

boss of bitcoins

newbie

Activity: 5

Merit: 0

what caused the increase in price of Bitcoin?

Topic: what caused the increase in price of Bitcoin? - page 2. (Read 1619 times)