what caused the increase in price of Bitcoin?

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: el kaka22 on April 24, 2016, 03:29:28 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

hero member

Activity: 616

Merit: 500

Quote from: virtualkeybuyer on April 24, 2016, 02:13:46 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

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

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

hero member

Activity: 644

Merit: 500

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

legendary

Activity: 1106

Merit: 1005

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

more buyers means higher price.

Ulloa

sr. member

Activity: 364

Merit: 250

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

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Quote from: btc-facebook on April 24, 2016, 08:58:05 AM

Quote from: HeroCat on April 24, 2016, 07:46:38 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

hero member

Activity: 1470

Merit: 655

Quote from: iram66680 on April 24, 2016, 09:02:29 AM

Quote from: Wendigo on April 24, 2016, 08:19:41 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

hero member

Activity: 630

Merit: 502

Quote from: Wendigo on April 24, 2016, 08:19:41 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

legendary

Activity: 1862

Merit: 1015

Quote from: HeroCat on April 24, 2016, 07:46:38 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

legendary

Activity: 2604

Merit: 1036

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

hero member

Activity: 658

Merit: 500

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

thend1949

hero member

Activity: 798

Merit: 500

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

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: MedaR on April 24, 2016, 04:13:29 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

legendary

Activity: 2380

Merit: 1026

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

hero member

Activity: 658

Merit: 500

Quote from: ralle14 on April 23, 2016, 10:04:09 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

legendary

Activity: 3374

Merit: 1922

Shuffle.com

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

legendary

Activity: 896

Merit: 1000

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

legendary

Activity: 1008

Merit: 1060

Quote from: arwin100 on April 23, 2016, 06:17:21 AM

Quote from: Fatanut on April 22, 2016, 11:29:40 PM

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

legendary

Activity: 2380

Merit: 1026

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!

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Fatanut on April 22, 2016, 11:29:40 PM

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: 1106

Merit: 521

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, 05:04:48 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