Topic: What is driving BTC increase - page 10. (Read 2838 times)
More bitcoin user, more mining user and more investor in bitcoin. Bitcoin now is the more popular vs. previous years. I think the this will be the reason why bitcoin price is increasing. When bitcoin announce about the upcoming hardfork for some people including me, predict that value will decrease and will rise after that. But this not happened. Driving the price because of the demand on the markets.
Once people realize one simple thing: There are less bitcoins than there are millionaires in the world. If BTC ever becomes the world global currency, and millionaires devoting their entire networth into it cannot even buy 1 coin.. then that is huge. 12k is nothing yet, and that is why people are still driving it up.
More and more people are starting to see the potential of bitcoin more so as a way of making money they can see buying and holding for even a couple of weeks can make them money. So as more want bitcoin the price rises with it. Bitcoin is the first crypto currency people tend to hear of.
Higer demands actually, because of its popularity
I think more people are still cooperating with the bitcoin more than the altcoin that why bitcoin still driving increasing, and my other reason is the bitcoin gold fork that why the price stayed at $6k. I read some news that one most food chain will invest in bitcoin and also the food chain will accept a bitcoin mode of payment.
The increase now is simply driven by people stupid enough to believe that they can genuinely continue to make money by doing nothing except buy more bitcoin.
I know it might seem somewhat utopian but I would love to see a scenario where, BTC gets used for larger transactions like buying property, cars, houses etc... and BCH gets used for smaller transactions like how we use fait currency now. Buying electronic goods or groceries or paying for a movie ticket or cup of coffee...etc.
Because a lot of people now in every party of the world already knows about Bitcoin and its good reputation in many netizens or its supporters.
It one other reason is because it is in demand and other people trying to invest to gain more profit.
It one other reason is because it is in demand and other people trying to invest to gain more profit.
It is the investors and users that drives bitcoin in increasing its values, and also people that badly wanted bitcoin.
Indeed the obsession of people for bitcoin is the main reason, they all know it very well that this is going to make them financially stable and let them to secure their future, they get into some promising projects and allow the profit to be get saved either into some assets or invest it again into the projects. Wise use of bitcoin can lead to fulfill all the needs of people.
The fork and more volume because of the news!
Well, it's obvious. We are now in that wave, when again bitcoin is actively advertised. Those. interested people, actively involve new blood in bitcoin, thereby increasing the volume of purchases and maintaining the price at altitude.
I believe whenever a fork is about to take place people speculate a rise in price of BTC. This triggers a high in demand of BTC which in turn escalates its price.
the price increase each time a fork occurs, this is due to every improvement so bitcoin gets better and keeps people high, certainly many people expect the bitcoin to continue to peak.
The initial SegWit activation brings needed improvements to the table, but all other forks are nothing more than get rich quick tools for the entities behind them, and indirectly the greedy people here who look forward to more splits.Currently it's safe to say that it's largely the soon to be initiated chain split that sparks buyer interest, and gives people already hodling Bitcoin reason to hodl a bit longer before they cash out profits ~ greed dictates the market.
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
there is an incoming fork on the way some hodlers of altcoins buy Bitcoin to get some fee money with the forked coins the after a while the price would regulate to its real value at that time. And yes the higher the price of bitcoin goes the higher the demand that it gets from the users. I'm interested also in BCH too, same questions
Popularity is the big factor that affects the price of bitcoin. As bitcoin becomes more popular, the number of investors on bitcoin increases. Understanding the law of demand and supply will help you understand the current situation bitcoin is in. I am expecting the price to drop because bitcoin’s value needs to be controlled that’s why there will be an upcoming hardfork this November. Its value will decrease but will still increase after the hardfork. The same thing applies to bch.
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
Rumors everywhere they say the price will drop dramatically after the fork this month. But for me, I think it will insanely rise after this pork yes we know crypto coins have unstable value. But I know bitcoin will never drop it's price beyond 4000 dollars. Driving this price to rise that high is because of it's demand on the market and all the traders out there and also investors.
The main driving force behind the BTC price increase is the old saying supply and demand. Over half the amount if bitcoins have already been distributed and I heard roughly 25% have been lost since it came out in 2009. This means there is only a certain amount of BTC and there are A LOT of people trying to buy it right now so this drives the price up with how much demand there is.
I think the reason why bitcoin's value is increasing continuously is because the demand for the coin is also increasing. Bitcoin is gaining popularity everyday. There are a lot of news regarding bitcoin everywhere. Because of that, a lot of people are now engage in buying, selling, and using bitcoin. Just like in economics, the higher the demand, the higher the price.
this bitcoin price increased start from first hard fork in august that created BCH or bitcoin cash, the start of this increased price because of every people who hold bitcoin will receive the BCH like the amount of bitcoin, so some people buy it and makes bitcoin price is rise up. after that bitcoin increased more and more into bitcoingold hardfork and next segwit2x hardfork, we hope that after last hardfork it still up again
Just as in the stock exchanges, which causes prices to rise is a high market,
and investors who invest their money in Bitcoin is one of the roles in increasing Bitcoin ...
and investors who invest their money in Bitcoin is one of the roles in increasing Bitcoin ...
Agree. The higher the demand the price is also increasing . The bitcoin now a days is gettiing famous because it making a lot of news in the world of internet and in the people because of the higher price and that could derive those investors to invest in bitcoin . In the few years bitcoin is getting more increasing because it getting famous all over the world
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