Topic: What is driving BTC increase - page 12. (Read 2838 times)
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.
What triggers the rise in bitcoin prices is the demand for bitcoins.And also the fork that will come .. maybe that causes the bitcoin price to soar.And if you want to invest in bitcoin still not too late,
I think it is because of the increasing numbers of demand and contributors or merchants. Some parties aren’t satisfied with how limited the proposed changes are, and they even made a hard fork to Bitcoin Cash. In the future the price of bitcoin will be 2x or 3x higher than today.
I think it is simply a supply and demand in 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
I'm interested also in BCH too, same questions
Another fork might occur again this coming November 15, it will be the segwit2x and since it will be the 3rd fork this years and both of the previous fork was a success, and both of the token that came from the previous was able to have their own value so for the 3rd fork almost all of the people who is into bitcoin wants to take a hold of the coin for them to receive this new coin from the fork. Expect for the price to rise until the 15th of November and it may reach $10,000 until that day.
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.
So people will assure that in the next fork of bitcoin the price will again soar its price record so many people will buy bitcoins at the lower price and hold it until the price e of bitcoin rise again. It is the practical scenario that could possibly happened during the incoming end of for of bitcoin so it will refit takes time for people to have bitcoin or holding becasue fork is always the sudden changes of Bitcoin price. 
Bitcoin experience a lot of good news.
The main good news for me is, adding Bitcoin by Chicago's Options and Futures Exchange as base instrument.
The main good news for me is, adding Bitcoin by Chicago's Options and Futures Exchange as base instrument.
Its not just the news though bud, we had good news at like $300 dollars about microsoft and paypal etc but the price only went to $500 - $600. Fundamental forces are at play when we get a big move like this.
Demand mostly. But there is likely going to be a correction soon. At least, that's what SHOULD happen.. but you never know these days..
Actually, there are some reason why bitcoin drive to increase irs price and I think the main why its increase the price is the demand on online market and trading sites. The supply and demand of bitcoin is main reason why its continuing in increasing and I hope it would continue in the future.
This could be a wild ride. Poloniex shows a high for Bitcoin today at about $7280 and then it dropped below $6700. Then it has bounced around between those since then.
We’re going to see people cashing out to lock in gains and then buying when it drops. We’re also going to see people trying to jump on the band wagon when the price is high and some of those will panic sell for a loss when the price drops. The volatility is probably going to increase for a while now.
We’re going to see people cashing out to lock in gains and then buying when it drops. We’re also going to see people trying to jump on the band wagon when the price is high and some of those will panic sell for a loss when the price drops. The volatility is probably going to increase for a while now.
The News said that two big exchange company CME, the Chicago-based exchange are entering the market
and it is the reason why the price from $6,600 to $7,100 still soaring. After this hype the fork will come and lets see if that price can hold or drop and recover to the amazon news.
and it is the reason why the price from $6,600 to $7,100 still soaring. After this hype the fork will come and lets see if that price can hold or drop and recover to the amazon news.
People are buying more and more for the hunt of 'free' coins when the fork happens
High bitcoin prices are mainly due to the increased demand of people. They are looking for bitcoin for one or more of their projects. So they pushed bitcoin prices up
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
Bitcoin price now reaches $ 7K and altcoin is being big discount now.I'm interested also in BCH too, same questions
altcoin prices continue to fall and reach the lowest price.
what I expect now for altcoin is to go down sharply and immediately rise.
i have managed to buy some altcoin with cheap price.
Good news from USA and China,mining is more difficult+Segwit2x
Im pretty sure you are not holding enough and thats why you are expecting a drop in the prices of bitcoin then very hard push forward for bitcoin to gain the profits. But what I think is bitcoin can be bought at any time as the buy wall for it will keep rising and the sell wall will give you big window once the price rises very high. Always remember there is no right or wrong entry point for the bitcoin itself. So you should buy it now.
Thats for your motivation and considering the fact that there is upcoming fork people are just investing for the profits and thats increasing the market cap a lot which decides the ultimate prices of bitcoin.
Thats for your motivation and considering the fact that there is upcoming fork people are just investing for the profits and thats increasing the market cap a lot which decides the ultimate prices of bitcoin.
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
If you did able to observe on past forks then you do already know the answer on this question. If theres a sudden price increase then expect for price corrections later on. Now on the current price the thing that do drives on it is which most people do switching to bitcoin now because of the upcoming segwit2x fork which people do accumulate bitcoin as much as they can to get free BTC 2x after the fork.Have you seen how altcoins being affect? Most of them are on reds now which would somehow justify that investors are converting now.I'm interested also in BCH too, same questions
yes if I see this journey, this year we have seen many times of hard fork and I see before the fork and after the fork, the price is down too deep as correction price and then after the fork, the price will be increase back. we see there is a big demand from the people that is trying to buy bitcoin while the price is cheap and then the supply is increase too to make the price is back to high.
There are several factors that determine the rise in price of bitcoins such as there is only a limited number of 21 million bitcoins available in the crypto market, supply and demand of any product determines the price of the particular product which is the same for bitcoins, In some countries bitcoins and other crypto currencies are considered as an asset whereas in some countries they are considered as currency. As the supply is limited and demand for bitcoins is high the value of bitcoins increases and people are ready to pay more to get bitcoins. The most important factor for the rise in price of bitcoins and other crypto currency is the usage of bitcoins as an investment and as a medium of exchange.
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
If you did able to observe on past forks then you do already know the answer on this question. If theres a sudden price increase then expect for price corrections later on. Now on the current price the thing that do drives on it is which most people do switching to bitcoin now because of the upcoming segwit2x fork which people do accumulate bitcoin as much as they can to get free BTC 2x after the fork.Have you seen how altcoins being affect? Most of them are on reds now which would somehow justify that investors are converting now.I'm interested also in BCH too, same questions
The growth of bitcoin stimulates several factors. Mass infusion of money from the altcoyins to get free coins during fork and hardfork. All the time, people's growing interest in the world is crypto-currency. And the rapid development of technology, decentralization, speed and anonymity.
This is due to the CME Group's announcement. Launching of Bitcoins Future is definitely a lot of people buying lots of bitcoins for pumping if it goes beyond the $ 6,500 barrier to get the 7,100 $ price today. Please see the full details concerning the annoucement here
https://cointelegraph.com/news/bitcoin-hits-new-all-time-high-as-cme-group-announces-futures-trading
https://cointelegraph.com/news/bitcoin-hits-new-all-time-high-as-cme-group-announces-futures-trading
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