Topic: What is driving BTC increase (Read 2829 times)
The people who investing their money to bitcoin as well as altcoins are the ones who made the crypto market pump again, we all know the if more people invest here then the price of almost all coins will increase because there are more demand over the supply. And like what happened last year when bitcoin pump very high during its mid to last quarter of that year where we all didn't expect that much to happen. So right now it's better to hold than to sell your coins for you to give support on the coins movement in the market.
I think the Consesys meetup in May is having an effect?
For the main driving force behind the rise in bitcoin prices is the supply and demand in the old adage. More than half the amount if bitcoin has been distributed and I hear about 35% have been lost since out in 2009. This means there are only a number of bitcoins and there are a lot of people trying to buy them right now so this only pushes prices with how many requests there are international markets . 
I believe that it's because of the fact that more people are investing in bitcoin, that's why it is increasing
Which are the most serious expectations for 2018 in your opinion?
Is there any other fork planned soon?
Is there any other fork planned soon?
The number of investors who want to invest in bitcoin is the reason why bitcoin is increasing.
Which are the most serious expectations for 2018 in your opinion?
Is there any other fork planned soon?
Is there any other fork planned soon?
I hope the bitcoin price keeps increasing because I've saved it, I think a coin will be high in price if the demand for coin is a lot, and vice versa it will be low if the demand is low.
Modern blockchain technology and humans have promoted bitcoin development. Modern technology helps investors trust and use bitcoin. They are increasingly involved in bitcoin, helping the nation's economy grow.
The increase in the price of bitcoin is affected by many factors. Not a small role is played by the positive news that relate to bitcoin. For example, if a country accepts or prohibits bitcoin, or bitcoin becomes the official payment system of a country. This all affects its popularity and hence the price. And another factor is the capitalization of bitcoin. The more people learn about bitcoin, the more money is poured in. It's simple.
I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 8k9 is a lot for it, but it's still going up I believe. I hope bitcoin will one day soon pass 20k, but that could be a very long shot.
I think part of what drove the price spike late last year (when your post was made) was JP Morgan coming out and saying that Bitcoin was a good asset to have.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I'm interested also in BCH too, same questions
I think that this is a bubble, but not in its pure form. And because of the fact that the market poured more funds than he produced products. And so the crypt is technology and they will grow in price.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
yes I will keep holding bitcoin to profit with capital confidence and patience will surely be able to gain in investment I'm interested also in BCH too, same questions
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I'm interested also in BCH too, same questions
I think this trend will continue. If it will drop again then maybe the manipulation issue really does occur. Those guys do really have the capability to control the market.
Demand no doubt increases BTC. That's how it has been and will be as it gains more popularity and acceptance in different fields of commerce and industry.
it's true that the trade-industry sector chooses to invest its money in cryptocurrency, will make bitcoin more expensive, the more people know about bitcoin and invest it will also make bitcoin more expensive
demand generates demand, demand generates supply, the more bitcoin is bought the more it grows, I think that if the azhatz leaves, then the asset will be like gold, stand in about the same diapason!
The price of Bitcoin depends on its demand. Its price increase as more people buys Bitcoin. That's why when you see many people are buying, price tends to go up. Because of Law of Supply and Demand. And when many sell their Bitcoin, price tends to go down.
The market demand is very high, this is the reason why Bitcoin can rise quickly at that time. Bitcoin's actual rise in turbine influenced by the culprit itself, and it is certain if the supply of Bitcoin a little and big demand. then the seller will sell their coins at a very high price.
Demand no doubt increases BTC. That's how it has been and will be as it gains more popularity and acceptance in different fields of commerce and industry.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
During this time, the volume of trade is very limited because many market participants are out or rest / take a break after the incident Bitfinex hack. A short squeeze can turn a small increment into a big jump, but it can not turn a flat line into a big leap I'm interested also in BCH too, same questions
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