What has affected the price of Bitcoin? - page 3.

Victorycoin

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Quote from: pinoycash on January 02, 2017, 07:19:20 AM

Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

Economics, Supply and demand, people are still buying BTC in hopes for potential profits, but once bag holders starting to sell their coins the price dump will happen

Well buying in hope of potential gain is one thing, but given the financial crisis a number of countries are having with their national currencies, like India and Venezuela, bitcoin became the best safe haven currency. Some people are also turning to bitcoin to check inflation and surprises from the government.

SvenBomvolen

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I see nobody here can tell why price is going up. Nobody! Supply and demand, halving, more things to do with btc accepting, everyone here is just guessing and that is all we can do here. Maybe is Trump, or Hilary, lets guess more, aliens maybe? Some thread and topics here sound like little kids are playing, maybe thats why nobody take btc for serious.
Chinese definitely! When we dont know what else to say we blame Chinese every time, doesnt matter if its going up or down, they are guilty for everything connected with bitcoins, and litecoin of course.

Ayers

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i think various things, did affect it, you have chinese with their yuan policy, india banning their big fiat notes, christmas and festivity, the halving yes, and of course you have also, that when people see bitcoin rise so much they will buy more and increase the market even more

nara1892

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Quote from: iqlimasyadiqa on January 02, 2017, 07:18:03 AM

Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

agree. it is the law of marketing. the higher demand is, the higher the price will be.

I think many people are interested in bitcoin nowadays. but some pumpers also affected this, IMO, because in a few years, the price of bitcoin increased by tge end of the year.

btcdevil

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Quote from: romero121 on January 02, 2017, 10:51:56 AM

Quote from: iram3130 on January 02, 2017, 10:28:48 AM

One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

That's true and acceptable. Bitcoin got fame due to the increased miners in China. On this basis bitcoin has some relation with the China's economic situation. Also now India is playing a big role after demonetization, which grabbed the attention of lots of common people towards bitcoin in a short period. This too an factor for the ongoing price peak.

Even in India Bitcoin is acceptable and their is no law against it that is also the main reason of Bitcoin price is raising as in Asian country Bitcoin is moving fast and the growth is very high. Asian users are taking benefit of online income as in conversion to fiat currency the price is very good and low economy users are getting more benefited so it is getting famous very fast

RoommateAgreement

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Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

from 980 (yesterday's price) to $1020 (today's price) is only a 4% rise knowing that things don't look so scary anymore.
and about the rise in my opinion it is mainly because of adoption and also traders who are increasingly rising in number and create a big amount of demand and price of any market is only controlled by supply and demand.

romero121

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Quote from: iram3130 on January 02, 2017, 10:28:48 AM

One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

That's true and acceptable. Bitcoin got fame due to the increased miners in China. On this basis bitcoin has some relation with the China's economic situation. Also now India is playing a big role after demonetization, which grabbed the attention of lots of common people towards bitcoin in a short period. This too an factor for the ongoing price peak.

veleten

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pure bubble
there are no reasons to see the price go up x3 in 8 months
i.e. no major companies announced their support for bitcoins,it has not been declared legal tender
or accepted freely around the world,global adoption is low still
hence what we see is speculation,big holders are buying and drivng the price up
what we see now is chinese exchanges and their huge volumes dominate the market and show the price vector to the rest of the world
as long as they are buying in retarded quantities the price is going to rise...
lets hope for better,but bubbles tend to burst,and there could be an abrupt drop in price aka 2013 to repeat the cycle

SHAWN-MIDWAYS

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Quote from: lionheart78 on January 02, 2017, 10:22:08 AM

Quote from: lol3c on January 02, 2017, 10:09:53 AM

Quote from: iqlimasyadiqa on January 02, 2017, 07:18:03 AM

Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are Grin

Well you can say it is due to that, but we cannot omit the factor of manipulation. This might be a bubble who knows, but I guess this bubble will be greater than 2013 if it is.

Regarding supply and demand, bitcoin had been steadily uptrending ever since last quarter of 2015, there are major drives and campaigns that were launched by different company especially this MLM company that make people from rural areas knowlegeable of bitcoin. The halving, brexits, decrease of yuan value, events in India and other factor that may contribute people to flock in Bitcoin had happened, the news about Pres. Trumps some officials being Bitcoin advocates. This maybe the result of it. And the hype or excitement of people because of bitcoin price surge this last December. And I think the Bullish bitcoin is just warming up this year

So I think I will expect a continuous uptrend of Bitcoin Price.

This is quite an informative response and I do agree with most of your reasoning's as to why bitcoin has had a sudden hike in price, but the Trump officials being bitcoin advocates Huh

I doubt that!

iram3130

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One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

lionheart78

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Quote from: lol3c on January 02, 2017, 10:09:53 AM

Quote from: iqlimasyadiqa on January 02, 2017, 07:18:03 AM

Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are Grin

Well you can say it is due to that, but we cannot omit the factor of manipulation. This might be a bubble who knows, but I guess this bubble will be greater than 2013 if it is.

Regarding supply and demand, bitcoin had been steadily uptrending ever since last quarter of 2015, there are major drives and campaigns that were launched by different company especially this MLM company that make people from rural areas knowlegeable of bitcoin. The halving, brexits, decrease of yuan value, events in India and other factor that may contribute people to flock in Bitcoin had happened, the news about Pres. Trumps some officials being Bitcoin advocates. This maybe the result of it. And the hype or excitement of people because of bitcoin price surge this last December. And I think the Bullish bitcoin is just warming up this year

So I think I will expect a continuous uptrend of Bitcoin Price.

chairul.muttaqin

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In my point of view the price of bitcoin increase so high because demand of bitcoin. That is very proper reason why bitcoin's price. So, this is give me a proof from the speculation that i get some weeks ago that bitcoin price is growing up in near time as the new year.

Taki

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The price for bitcoin has crossed the point of 1000$ three days ago the first time for a long time. But then the price fell. I can say that it happen cause of many people cashed out their coins dew to new year holidays or just cause of the high price.

lol3c

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Quote from: iqlimasyadiqa on January 02, 2017, 07:18:03 AM

Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are Grin

Doamader

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Still a mysterious why the price went soo up and keeps growing at the moment, Venuzela, India does have something with those last jump, but i never expexted that those countries issues would impact soo fast into bitcoin at all. Its becoming harder to get bitcoin for free as well to purchase bitcoin nowadays.

ibuddy122505

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Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

Yes,You're pretty correct.Look at it the price of bitcoin It's continuously growing and growing at every seconds.Actually we are raising our Bitcoin price Of course the demand is rising as most people are concerned about Bitcoin.

ChrisPop

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There are many factors that contributed to bitcoin price rise in 2016. From the block halvening and brexit to the capital control in China and the indian economic decisions like the withdrawal of the 1000 rupees banknote from the market. Of course that the rising adoption of bitcoin by more and more businesses,corporates and people is playing a significant role on the bitcoin price.

kryptqnick

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I don't think it's all about the Chinese people, come on

Is it really more than a $1000 already? I didn't notice that and tyhought it won't be like this. I thought it would take around a year more for btc to get that high. As for the price that has changed, I guess it is nothing special. Btc has is fluctuations. It is 1013 USD already, so the price dropped a bit in a couple of hours. Just keep calm and watch it growing slowly.

Roselop

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Quote from: dat.ho12492 on January 02, 2017, 07:15:51 AM

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I don't understand why bitcoin are rising so highly.? Anything about the the world war 3 or any big economies collapsed?
yes, I'm very surprised about this. Please give me an advance if I should buy more bitcoins for long term?

deadsilent

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You know. Theres many reasons that may affect the bitcoin price. Maybe because some big whales are buying and holding huge amount of bitcoins that affects the price of bitcoin. Bitcoin is really popular right now. Massive buying could cause the price to increase due to limited supply of btc. Look at China and India. Bitcoin there is really in-demand. So no doubt why the price there is different than any countries

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