More and more bitcoin fans, more and more countries support bitcoin, big capital and financial investment bitcoin, so the price of bitcoin will be higher and higher.
Topic: What is driving BTC increase - page 11. (Read 2749 times)
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
Bitcoin become famous now all over the world as you can see more and more are adopting bitcoin then legalize it. No wonder that if many nation is legalizing the bitcoin more and more can now freely to invest in bitcoin and this is the reason why bitcoin keep rising and i don't see any reason that bitcoin will fall down even during this in coming segwit2x because we have already learned a lot of bitcoin hardships and survived.
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 ...
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.
I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 7k is a lot for it, but it's still going up I believe. I hope bitcoin will one day soon pass 8k, but that could be a very long shot.
I think the price will rise. At least until the end of the year, and then we'll see.
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
Bitcoin become famous now all over the world as you can see more and more are adopting bitcoin then legalize it. No wonder that if many nation is legalizing the bitcoin more and more can now freely to invest in bitcoin and this is the reason why bitcoin keep rising and i don't see any reason that bitcoin will fall down even during this in coming segwit2x because we have already learned a lot of bitcoin hardships and survived.
More the people know about Bitcoin = More demand
Supply is standard because of the algo which helps in mining bitcoin.
Therefore, higher demand is leading to the rise in price.
Supply is standard because of the algo which helps in mining bitcoin.
Therefore, higher demand is leading to the rise 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
I'm interested also in BCH too, same questions
Bitcoin become famous now all over the world as you can see more and more are adopting bitcoin then legalize it. No wonder that if many nation is legalizing the bitcoin more and more can now freely to invest in bitcoin and this is the reason why bitcoin keep rising and i don't see any reason that bitcoin will fall down even during this in coming segwit2x because we have already learned a lot of bitcoin hardships and survived.
I expect prices to keep going up for months, until christmas.
Reasons for rising, I want to have a number of countries and the attitude of bitcoin, a few months ago, several countries ban ICO, but now the market has not before the market, there are now more people concerned about the money and coins, this is probably one of the reasons for the jump.
Reasons for rising, I want to have a number of countries and the attitude of bitcoin, a few months ago, several countries ban ICO, but now the market has not before the market, there are now more people concerned about the money and coins, this is probably one of the reasons for the jump.
I think the hard forks coming one after another is making some people hold their btc and some others mad
Nobody knows... Thats whats magical about it
That's not true, Bitcoin and its market is all about human activities and you don't magic to predict things to expect from people. Actually there's really nothing new, whatever they settle to do today is a repetition of history and so we can always look back to have an idea of what to expect. Last time the was a hard fork for Bitcoin Cash, there wasn't much reference and people were apprehensive, but now having seen through two hard forks, people are rather upbeat and looking forward to it. The demand of bitcoin is the reason why the price keep on increasing. People want to hold bitcoin nowadays because we all want to gain profit in the future.
Yes the increased demand for Bitcoin is a major factor why the price of Bitcoin keeps rallying higher. The present demand and spike is coming as a result of the almost 'risk free money" Segwit2x stands to offer. Evidently the altcoins, in their numbers are down, because people're having to sell them off to buy Bitcoin as the more Bitcoin one have just before the fork, means same amount of free B2X to receive. I however see a correction in price soon after the hard fork, though couple of good news around Bitcoin lately looks good to keep the correction as mild as possible. This rise will continue at least until November 15 when one more fork is expected to happen. After that bitcoin price will have a correction. By the way, these forks are driving the bitcoin price insanely high.
Do you think people who buy on upcoming forks do so because forks usually grant you the new coin for free in the fork?
The demand of bitcoin is the reason why the price keep on increasing. People want to hold bitcoin nowadays because we all want to gain profit in the future.
I think the hype around Bitcoin can be created by journalists either (but not only them sure). According to their forecasts, this currency will soon grow to $50,000. Naturally, after this news the demand for BTC was increased. Today people pay for 1 BTC $7 300 already.
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
bitcoin will be more expensive because bitcoin has a very limited availability limit and its demand is very high it makes the price of bitcoin more expensive.
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
Mostly its supply and demand with the supply limited by 50% each halving we see a move in the bitcoin price a few months after. This move is still initiated originally by the halving. But overall its an idea for money which is much needed in the world, the blockchain provides much utility which we've not experienced before.
recently bitcoin price is rising dramatically, it is not the first time but before any hardfork, bitcoin price extremely high, but after that, it will drop to normal but still highger than before, in few days from now there will be a segwit2x upcoming, so i think that is the reason bitcoin rise so high recently.
I guess the mass adoption and spread. I'm seeing lots of advertising online for Bitcoin and many ads. There also many ico ads so there is more awareness of altcoins too this driving the bitcoin price up since people buy alts with Bitcoin.
Nothing simple about it. Besides he is asking why. That is too vague an answer.
I agree too. Regular people are starting to wake up. But they better hurry up before it's too late. The bitcoin train stops for noone.
I think it is simply a supply and demand in the market.
Nothing simple about it. Besides he is asking why. That is too vague an answer.
I think it's because of the growing media attention that more people are getting to know Bitcoin so the trust in it is growing. Other than that the upcoming fork and that and I read that a trusted exchange/market is offering Bitcoin futures now. All those things together are resulting in a increase.
I agree too. Regular people are starting to wake up. But they better hurry up before it's too late. The bitcoin train stops for noone.
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