Topic: What is causing 7000+ price - page 3. (Read 1572 times)
Personally I think this is a delayed response to the bitcoin gold fork, after the fork not much happened as if there was no fork but now it seems we are seeing the price going up due to that, so it seems the prediction that many people in the forum had about the price of bitcoin going up even higher after the fork was correct.
In my opinion this is whale games all the time. There were loud news earlier but the price did not change significantly. I have been watching loads of youtube videos with "experts" and looks like none of them really understand what is happening. Whales will pump up the price before the fork, noobs like me will experience "fomo" thinking that the fork has nothing to do with the price rise, its the news. The only thing I have understood is that nobody knows what will happen next, and we should not follow anyones advice.
If Amazon will start accepting Bitcoin - what is going to change? Non crypto people will still pay with $, and I doubt many of you will spend precious BTC there too.
If Amazon will start accepting Bitcoin - what is going to change? Non crypto people will still pay with $, and I doubt many of you will spend precious BTC there too.
Recently there are many new ico potential. We have to use the money to buy bitcoin then use bitcoin to buy the virtual currency of ico. So btc prices increased
And for now bitcoin start to decrease a bit and yeah recently many ICO try to obtain this benefit in order to gather more investor
there are several factors that affect the bitcoin price today, one is the amazon naming new domain name related to cryptocurrency like amzaonethereum.om and amazoncyptocurrency.com and amazaoncryptocurrencies.com. amazon has been eyeing bitcoin and cryptocurrency long time ago but they are still waiting for the perfect timing because it is still not popular to use crypto at this moment.
Amazon really attract many people , some of them may be investor and they will start looking a bitcoin because as we know, Amazong accept bitcoin !
Well maybe the amount of people who wants bitcoin that increases the bitcoins demand with minimal supply.
there are several factors that affect the bitcoin price today, one is the amazon naming new domain name related to cryptocurrency like amzaonethereum.om and amazoncyptocurrency.com and amazaoncryptocurrencies.com. amazon has been eyeing bitcoin and cryptocurrency long time ago but they are still waiting for the perfect timing because it is still not popular to use crypto at this moment.
The news tell that this pump is caused by the fact CME and some others will start trading Bitcoin Futures Contracts.
From my understanding this means that real traders will start playing with Bitcoin on their trading platforms. I am not into trading (edit: I mean wall street-like trading) so this is unfamiliar territory for me. I'll paste a link for more reading: https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/
You understand correctly. Buyers will need a very large amount in bitcoin and this will mean that the demand for bitcoin will grow. This is what we see now. How long it will last I don't know, but I like it. I'm happy to see such news. The more opportunities to trade and buy goods with bitcoin, the less power will be able to stifle bitcoin. From my understanding this means that real traders will start playing with Bitcoin on their trading platforms. I am not into trading (edit: I mean wall street-like trading) so this is unfamiliar territory for me. I'll paste a link for more reading: https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/
Recently there are many new ico potential. We have to use the money to buy bitcoin then use bitcoin to buy the virtual currency of ico. So btc prices increased
I read somewhere in the forum today that only 8% of the world population knows about Bitcoin and uses it. If that's true then there are 92% in the world who still don't about Bitcoin which is huge. Apart from this, there has been a sudden surge in the Bitcoin market and the positive news spreading like China regualting exchanges, rumor of Amazon accepting Bitcoin, CME group announcing futures have just boosted the price of Bitcoin. All of this has created so much hype about BTC in the market and that is why all the people are trying to invest in BTC.
The only reason is ''beacause whales want it''. Everyone thinks BTC will fall after 6000$ but after 7 days later we reach the new ATH. Crash will be big.
Probably a combination of future trading + the B2X fork (free coins if you hold BTC). I assume the price of BTC will fall significantly once the fork hits.
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!
several factors, but i would say the upcoming fork, and the new publicity we see about bitcoins acceptance.
http://www.zerohedge.com/news/2017-11-01/amazon-registers-crypto-ethereum-domains-rumors-swirl-it-may-soon-accept-bitcoin
News that Amazon may take bitcoin would certainly have an effect on the market. It adds visibility to more potential users and investors, and it finally hints of a viable retailer to spend the coin with.
News that Amazon may take bitcoin would certainly have an effect on the market. It adds visibility to more potential users and investors, and it finally hints of a viable retailer to spend the coin with.
The news tell that this pump is caused by the fact CME and some others will start trading Bitcoin Futures Contracts.
From my understanding this means that real traders will start playing with Bitcoin on their trading platforms. I am not into trading (edit: I mean wall street-like trading) so this is unfamiliar territory for me. I'll paste a link for more reading: https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/
From my understanding this means that real traders will start playing with Bitcoin on their trading platforms. I am not into trading (edit: I mean wall street-like trading) so this is unfamiliar territory for me. I'll paste a link for more reading: https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/
What we are experiencing now is the approach to the "adoption phase". Do not fear my fellow Bitcoinian, we have not even entered the "bubble phase". Bitcoin is starting to legitimately be recognized as a new Digital Asset Class aka Digital Gold (thanks to the recent CME announcement). However, sometime from now the world will be swept with Bitcoin mania which will drive the price to $100k+ and then we will crash to around $15k to $25k which will be known as the "Digital Depression". This will last for about 3 months (which will feel like a life time in crypto-land) then we will see the real rise of Bitcoin as the INTERNET OF MONEY. The price then will be anyone's guess, but i predict a stable/manipulated/controlled value of 1BTC = $185,000 for decades to come.
yes this is an achievement of bitcoin that is so fast after bitcoin prices dropped in the last few months and is now rising higher than before, it is fantastic and beyond my prediction with the current rise of bitcoin price of $ 7000, significant progress of bitcoin of course because of the support of all parties involved with bitcoin of course.
Written here is also a reason that there are 30.000 new Wallets a day. This is really impressive.
https://cointelegraph.com/news/bitcoin-price-will-have-no-difficulty-hitting-10k-with-30000-new-wallets-a-day-max-keiser
https://cointelegraph.com/news/bitcoin-price-will-have-no-difficulty-hitting-10k-with-30000-new-wallets-a-day-max-keiser
I really don't know what was the main reason of price increase of btc today, is it because of the increasing demand?
The demand for bitcoin is really raising, but I suppose it is coming SegWit 2x moves the price up. I'm not sure, but this seems to me as the most logical suppose. I would like to hear other opinions either.
CME and rumor of china market is the key, plus the additional segwit2x.
Price rising ( and all alts going down), but total market cap is increasing so someone make investment, thats for sure.
Jump to: