What is causing 7000+ price | Bitcointalksearch.org

Barbarian

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Quote from: Armstand on November 16, 2017, 09:47:43 PM

Quote from: Barbarian on November 16, 2017, 06:20:56 PM

Quote from: Zaun on November 09, 2017, 05:11:24 PM

Quote from: Barbarian on November 09, 2017, 03:08:57 PM

Quote from: jc89 on November 02, 2017, 11:11:41 AM

Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!

I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year.

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go.

They back on truck, groups of dumpers and pumpers were too good on influencing users now, maybe they already bot some when they male it dump and now its increasing and setting new record, i wonder how they do it.

They have a lot of money that is how they do it, they have a lot of bitcoin and a lot of bitcoin cash as well they pump the price and then they let the imagination of the people to do the rest, there were many threads in that week saying that bitcoin cash was going to replace bitcoin which it was not going to happen.

senne

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I really cannot predict the main reason behind this. There can be many reasons behind it; maybe some illegal activities are pumping Bitcoin. Maybe Bitcoin is getting more and more investors and users every day due to all the attention it is getting in the market. Or maybe the fact that Bitcoin is being accepted by some multinational companies making news is initializing the growth rate and interest of multiple users. But all over the rising demand is one of the prominent reasons behind Bitcoin rising.

BUK2016

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So many are now become aware of bitcoin and its benefit in recent time and that increases the demand for bitcoin which has a positive impact on bitcoin value. Bitcoin recently hit $8000 and I believe the height will be sustain for a long time and may likely hit $10,000 in no time.

javadsalehi

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Quote from: Diced90 on November 17, 2017, 07:53:11 AM

Demand is high and people all over the world are finding the decentralized currency easy to use and fees for large transactions are basically minimal of which all can be done in your own comfort of your home. The raise could also be as a result of the festive events that are lined up.

You are right about benefits of bitcoin such as decentralization. But I don't think that's why many people are investing in bitcoin and cause the demand to be high. There are many people that are investing in bitcoin, but they don't know what bitcoin is. They are investing because they think it will make them rich.

traderethereum

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for some people, the increasing of bitcoin price is not makes sense but for the others, the price will be more higher than now but we don't know when it will happen. the only reason that i know is because people want to have bitcoin and they want to know bitcoin, they have passion to using bitcoin for the investment so they tried to buy in any of price and they are make sure that they don't be late to get into bitcoin world.

akram143

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The reason for increase in the price is due to the increase in demand for the bitcoin.Now the bitcoin price already touched $8000 from that we can understand there is heavy demand for the bitcoin the price bumped $1000 in just two days.But still many people don't know about bitcoins if all the people started to investing on bitcoin then the price maybe $500K.

Diced90

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Get'em boys

Demand is high and people all over the world are finding the decentralized currency easy to use and fees for large transactions are basically minimal of which all can be done in your own comfort of your home. The raise could also be as a result of the festive events that are lined up.

gilangIDR

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Quote from: Sorliand on November 17, 2017, 06:45:55 AM

High demand make price high

now many sites start to support bitcoin so that price break 7000$

I agree with what you say that the demand factor becomes the most important part when we set the bitcoin price. Because of the greater demand, the greater trust in Bitcoin and this will automatically increase the Bitcoin price. Looking at the current conditions then we should all believe that Bitcoin prices will increase again, a lot of factors at the end of this year that could affect the price of Bitcoin. Perhaps rationally then I am very confident that bitcoin prices could reach $ 9,000 to $ 10,000 by the end of 2017.

Sorliand

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High demand make price high

now many sites start to support bitcoin so that price break 7000$

Armstand

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Quote from: Barbarian on November 16, 2017, 06:20:56 PM

Quote from: Zaun on November 09, 2017, 05:11:24 PM

Quote from: Barbarian on November 09, 2017, 03:08:57 PM

Quote from: jc89 on November 02, 2017, 11:11:41 AM

Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!

I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year.

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go.

They back on truck, groups of dumpers and pumpers were too good on influencing users now, maybe they already bot some when they male it dump and now its increasing and setting new record, i wonder how they do it.

Barbarian

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Quote from: Zaun on November 09, 2017, 05:11:24 PM

Quote from: Barbarian on November 09, 2017, 03:08:57 PM

Quote from: jc89 on November 02, 2017, 11:11:41 AM

Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!

I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year.

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go.

OrangeII

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so far, the rise in bitcoin prices is affected by segwit. well, other than that some of it makes bitcoin users a profit. well, they get bitcoin cash, and bitcoin gold for free. so, people are competing to invest in bitcoin and it keeps the price up

dmitriisavelevich

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Quote from: ggbtctalk000 on November 02, 2017, 08:23:43 AM

People and only, everyone keeps as they can think and sometimes knowing what will happen after the next lifting, thereby increasing the price even more and making it impossible for the newcomer. In its pure form, this can be called speculation.

batang_bitcoin

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Quote from: adam1230 on November 10, 2017, 01:43:05 AM

answer is always same. Demand&supply causing all price actions.
Demand can not be higher then supply in few months but after christmas we will see higher prices.

Also the reason of getting some bitcoin before the Segwit2x is the additional reason for this time so the price went up and the demand gets buffed that much. I agree on what you said, after Christmas or during that day there will be a vast growth for bitcoin since everyone is free to buy and has a lot of money from their parents, bonuses, pay checks and gift cards/cash and wise people will invest it to bitcoin.

TastyChillySauce00

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Quote from: adam1230 on November 10, 2017, 01:43:05 AM

answer is always same. Demand&supply causing all price actions.
Demand can not be higher then supply in few months but after christmas we will see higher prices.

That's only the basic but the real question is, what thing could trigger the demand to be that high that bitcoin price could reach $7000+? There's so many factors ofcourse so we can't just tualk
about the Demand & Supply rule since everyone has already know about it.
However, I think the opposite about the christmas, so many people will trying to cash out their money and therefore more supply.

betlord90

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Quote from: Zaun on November 09, 2017, 05:11:24 PM

Quote from: Barbarian on November 09, 2017, 03:08:57 PM

Quote from: jc89 on November 02, 2017, 11:11:41 AM

Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!

I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year.

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

Although there's possibilities of crash will happen but I don't really think that we can go for that 5000$ at piece since bitcoins gain more prices as of now and maybe if there's a dumping of price will be happen that will not surely a huge drop of the price since some of the people will go buy and price will go back to its original stand. And actually I can see that we can even reached for 8k$ milestone and let's hope that we can really crossed for that price by the end of this year.

adam1230

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answer is always same. Demand&supply causing all price actions.
Demand can not be higher then supply in few months but after christmas we will see higher prices.

jerowacik

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Quote from: Izarok on November 09, 2017, 07:07:42 PM

The price has been attributed to rallies in pricing and bull runs. Moreover, it will always be caused by the law of supply and demand.

Currently Bitcoin demand is growing, this is the initial factor of the high Bitcoin price increase as it is today. The already comfortable price in the 7000USD range makes more and more people believe that there will be an increase in Bitcoin prices. now many countries have started to adopt Bitcoin and this is one indication that Bitcoin is being calculated and can be an important part of the financial system technology advancement. We all now have to work hard by continuing to use Bitcoin because in this way Bitcoin will still exist and its popularity increasingly known by many people in the world.

Izarok

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The price has been attributed to rallies in pricing and bull runs. Moreover, it will always be caused by the law of supply and demand.

richardsNY

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Quote from: Zaun on November 09, 2017, 05:11:24 PM

Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable.
Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region.

There will be no more S2X fork, so no, it's not 'on' anymore. I tend to agree with this price not being sustainable for long, but the point is that people have been saying that about the $3000, $4000, $5000 levels too, so it's safe to say that the market does what people here don't expect. In easy terms, it would make sense to see the market correct, but at the same time, it also makes sense for the market to go up further. From there it makes sense to just wait and hold on to your coins to see how things play out in the coming weeks. If you think a correction will happen anyway, then act by securing some of your profits.

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