Topic: What is driving BTC increase - page 13. (Read 2749 times)
it's coming from the Korea.
It is a combination of good news that are driving these price spikes. First of all, we had a successful SegWit implementation
and then we had a successful Bitcoin Cash and Bitcoin Gold fork. Japan also embraced Bitcoin use, pushing the price even
higher. Now some big stock markets are joining soon, so we might be seeing some very explosive price spikes, when these
big guns gets their hands on this technology.
and then we had a successful Bitcoin Cash and Bitcoin Gold fork. Japan also embraced Bitcoin use, pushing the price even
higher. Now some big stock markets are joining soon, so we might be seeing some very explosive price spikes, when these
big guns gets their hands on this technology.
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..
Do you think that bitcoin increases as the number of users increases? It's like it's proportional. Pulling that bitcoin price will increase accordingly. Very beneficial for investors. 
I also don't understand about this increasing wave. Maybe people wanna receive free Bitcoin Silver after hard fork....I don't know, I just guess
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
To me I believe the demand for bitcoin is one of the major factors that lead to the continues increase in the value of bitcoin. Although there could be manipulation and rumour of what will become the next move of the market value of bitcoin. 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 don't know about BCH, but for BTC it's likely being driven by the recent forks and such. I feel that the price will continue to rise. 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
The answer is simple yet complicated. It's "PSYCHOLOGY".
Main and direct answer is clear: Demand. Demand increases with expected news like amazon gonna to accept virtual currencies as payment. But the rule of trading suggest us to buy rumor and sell fact. Currently this is what traders do.
It is the investors and users that drives bitcoin in increasing its values, and also people that badly wanted bitcoin.
In my opinion, bitcoin's price increase is being driven by the hard forks happening, most investors wanted to receive "free money", you can clearly see it because of what is happening in altcoins world, there is a bloodbath ongoing. Also, some reasons are the good news like adaptation and acceptability of bitcoin in the world. We may see some correction after Nov 15 but it wouldn't stop new investors from buying bitcoin for long term profit.
I think there are 3 factors now that drives Bitcoin to hit all time high. One reason that I see is the CME groups announcement that they will add Bitcoin futures and with this announcement it may make other investment groups or company to rethink about their stand with Bitcoin.
Second factor is the recent news that Amazon bought domains related to cryptocurrency, while I havent seen a confirmation from amazon, but this news is good for Bitcoin because with the coming holidays and amazon being the biggest online seller in the world, this will drive Bitcoin to new heights.
Third and last factor is the November 16 fork and it looks like this is not the last of it but every time there is an upcoming fork,there a sudden surge of price of Bitcoin.
I agree with these, I did hear that Amazon were going to announce that they would be adding bitcoin as a payment option but I think that has been said for a long time, I was not aware of them buying up crypto domain names, bitcoin could skyrocket if it happens this quarter.Second factor is the recent news that Amazon bought domains related to cryptocurrency, while I havent seen a confirmation from amazon, but this news is good for Bitcoin because with the coming holidays and amazon being the biggest online seller in the world, this will drive Bitcoin to new heights.
Third and last factor is the November 16 fork and it looks like this is not the last of it but every time there is an upcoming fork,there a sudden surge of price of Bitcoin.
Till date their is no confirmation news of Amazon going for Bitcoin payment. The only option is that their are some sites who are giving amazon discount coupons in against of Bitcoin payment. But other two factors can be the reason of this spike of price in bitcoin.
I think there are 3 factors now that drives Bitcoin to hit all time high. One reason that I see is the CME groups announcement that they will add Bitcoin futures and with this announcement it may make other investment groups or company to rethink about their stand with Bitcoin.
Second factor is the recent news that Amazon bought domains related to cryptocurrency, while I havent seen a confirmation from amazon, but this news is good for Bitcoin because with the coming holidays and amazon being the biggest online seller in the world, this will drive Bitcoin to new heights.
Third and last factor is the November 16 fork and it looks like this is not the last of it but every time there is an upcoming fork,there a sudden surge of price of Bitcoin.
I agree with these, I did hear that Amazon were going to announce that they would be adding bitcoin as a payment option but I think that has been said for a long time, I was not aware of them buying up crypto domain names, bitcoin could skyrocket if it happens this quarter. Second factor is the recent news that Amazon bought domains related to cryptocurrency, while I havent seen a confirmation from amazon, but this news is good for Bitcoin because with the coming holidays and amazon being the biggest online seller in the world, this will drive Bitcoin to new heights.
Third and last factor is the November 16 fork and it looks like this is not the last of it but every time there is an upcoming fork,there a sudden surge of price of Bitcoin.
Bitcoin is gaining global attraction and the more awareness bitcoin create the more people invest into and the the more people invest into it. That is the secrete behind the driver of the price of bitcoin. Also the more rumour goes about bitcoin to crash, the price drops then people who wants to buy at a reduced price we invest massively then the price will push up.
There are lots of factors which drive bitcoin price.
Bitcoin is getting familiar to more people day by day and so they start buying bitcoins.
It is said that even people working in wall street too nowadays don't want to miss the benefits of bitcoin any more just for the reason that they work in financial companies.
Main reason was more people wished to enjoy free BTG coins due to hard fork and so they just sold out their altcoins and bought bitcoins which triggered bitcoin price.
But it was expected that soon after claiming free BTG coins,they would sell their bitcoins to rebuy altcoins and bitcoin price would fall.
But surprisingly,bitcoin price continued to increase from $6,000 and it is $7,100 now.
Reason may be that another hard fork is expected to happen in november and if segwit 2x fails to get more support,free bitcoin segwit 2x coins could be received.Since there is a very small time span of just 15 days more,they might have thought to just hold it for another airdrop.
That might be a reason.
Bitcoin is getting familiar to more people day by day and so they start buying bitcoins.
It is said that even people working in wall street too nowadays don't want to miss the benefits of bitcoin any more just for the reason that they work in financial companies.
Main reason was more people wished to enjoy free BTG coins due to hard fork and so they just sold out their altcoins and bought bitcoins which triggered bitcoin price.
But it was expected that soon after claiming free BTG coins,they would sell their bitcoins to rebuy altcoins and bitcoin price would fall.
But surprisingly,bitcoin price continued to increase from $6,000 and it is $7,100 now.
Reason may be that another hard fork is expected to happen in november and if segwit 2x fails to get more support,free bitcoin segwit 2x coins could be received.Since there is a very small time span of just 15 days more,they might have thought to just hold it for another airdrop.
That might be a reason.
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.
Fiat sharks and fund managers can get into Bitcoin trading speculating, without buying BTC itself.
Great and exciting times.
The main good news for me is, adding Bitcoin by Chicago's Options and Futures Exchange as base instrument.
Fiat sharks and fund managers can get into Bitcoin trading speculating, without buying BTC itself.
Great and exciting 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
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
I think I agree with most replies here with regards to the demand aspect. Bitcoin's recognition around the world has been increasing where countries and companies are beginning to delve into the bitcoin market, thus, increasing its reach even further. In the recent days, the fork as well as mentioned on the above-mentioned reply, would be a factor too, since most people are buying coins for the upcoming fork.
So I've been watching the market for a while and keenly watching for about four 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
The price of bitcoin depends on the demand and supply of the users. If the request for bitcoin increases, the rate also increases and if the market falls, the price drops as well. I'm interested also in BCH too, same questions
The possible price drop will happen, I think it's quite reasonable to any currencies. It's always unpredictable.
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
The basic law of supply of demand is also applicable to bitcoin market so this drove the price to go up.
Also if there is a good and positive news going our way then bitcoin price will spike. See the current price spike lately? This is due to the 2x that a lot of investors alike are waiting to happened. This kind of news really push the price to new ATH. However, we already know that it can't go like this forever, so there's what you could price correction. Some calls is healthy correction, because once it happened, new investors can buy bitcoin and enter the market, and then the price could pickup again and will go for another bull rush that will push the price to another level.
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.
Certainly there is a great demand for the currency, given the fact that we are only 14 days from the main event of the year for bitcoin. Surely I do not think that b2x will replace bitcoin and it will be more of an altcoin with a great starting value and then it will fall into oblivion just like the last forks. The price will continue to rise substantially to the point that the market stress will be hit and possibly will occur a great correction, whoever is selling now will not regret and will buy cheaper later.
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