First of all, BCH is pump and dump. There is no long-term prospect so it's only for short term trading. Bitcoin could dip after fork but it will recover and keep soaring. The causes for current spike are
1 - People want some free forked currency
2 - Bitcoin futures trading option announced by CME for end of the year
3 - Rumours of China lifting ban on bitcoin trading
4 - Mainstream acceptance(Amazon bought 3 more crypto domain names)
Personally, I think it would be bad for Amazon or Google or Facebook to be involved in bitcoin because that would turn bitcoin to the same fate as internet with a small cartel exerting majority influence over us. It would make bitcoin de facto centralized and kill its potential as the cure for capitalism.
Topic: What is driving BTC increase - page 14. (Read 2829 times)
Fork is near to happen. When that time comes many bitcoins will be divided into bitcoin gold and bitcoin. But the good thing is there will be a correction in bitcoin price to avoid rapid growth or fall on its price.
Yeah, a fork is something that can be related to the rapid growth in the price of bitcoin but from the past forks on bitcoin like bitcoincash where the price rather decrease than increase. My thought about the price growth is something regarding about its popularity like in social media and on TV news where bitcoin has been talked about. 
Fork is near to happen. When that time comes many bitcoins will be divided into bitcoin gold and bitcoin. But the good thing is there will be a correction in bitcoin price to avoid rapid growth or fall on its 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
The crypto coins, has a specific dynamic. I can't compare the last fork to the first one, because the market prove i am wrong. I waited for a correction in BTC price, but not happened. The only think i have now is the assurance that a need to study about crypto coins every 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.
I also think that way, the present rally is not done yet and we would likely breach the $7000 price level before November 16th, then a correction is likely to follow before another round of rallying sets in.Quote
By the way, these forks are driving the bitcoin price insanely high.
I don't agree with that, each one of those hard forks were calculated to dampen, if not frustrate and sideline Bitcoin, but the faith on Bitcoin by its community across the globe, turned out such an unparalleled force much to their disappointments. At the rate the demand for Bitcoin is burgeoning, the moon landing is now only a matter of time! 
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.
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.
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
All I can say is that this price hike of Bitcoin is the results of the fraudsters that telling something bad about Bitcoin and they are suddenly wrong and people tend to realize that Bitcoin is a good thing for investment nowadays and the price growth of it in the short period of time attracts new people to invest to. The Bitcoin community experienced a 2 Forks within 3 months period that produce 2 Bitcoin Altcoins and there is an another Fork that will happen in November 16 and I think this is the reason for the never ending increase of price of Bitcoin. For me This incoming Fork will be the make or break for Bitcoin if it will still rally to go up or not.
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 did expect there to be a price correction after Bitcoin Gold, it just didn't really occur.
I don't really watch the altcoin market. I've got a few, but I'm more interested in BTC/ETH etc. I have seen that they are in the red of course, but I don't follow so much. Only limited hours in my day to keep up with it all
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 the increase of bitcoin is because of many people are starting to adapt to this kind of currency, another thing is because of the announcement of the fork where the bitcoin holder will receive Bitcoin Gold. I think this time, bitcoin will increase again because of some of the employee will receive their 13th-month salary pay. An I'm hoping that they will gonna invest it in bitcoin sooner or later. So maybe before the year-end, we will see the bitcoin rising again.
People like me who 'hold' and turned other coins into Bitcoins drive the price of Bitcoins up...
Before, the price increase is because of Bitcoin Gold fork. But due that price stayed strong at $6k. This made general market conception of the price and many didn't sell their Bitcoins after fork. After that series of positive news have been coming related to Bitcoin. Bitcoin is getting global attention among various big giants in financial and banking sector. This have made Bitcoin popular outside the crypto community and hence have attracted many investors from traditional markets. There is a huge surge in investor's interest recently in Bitcoin. Due to all this, money is flowing off from altcoins and getting into bitcoin. These all together have brought this huge price surge.
Yeah see I was expecting a down turn right after Bitcoin Gold fork, so I think your right those people held, didn't create the downturn some of us expected and we've had nothing but positive.
Still, why is BCH growing so much? That surprised me.
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
apparently bitcoin continue keep incteasing price value because of demands and hoping still continue the stability of the value, but have incoming fork hpoing for bitcoin stay at same value even the fork comes.
Reasons why Bitcoin value is increasing like a rocket:
-Crypto Currency is secure and owned by the people. No company or individual claimed that bitcoin is controlled by someone. Even the source codes are currently available for all and for those who want to develop their own crypto currency.
-Coins are intangible but saved through wallets digital or hardware. So, no need to bring cards or bank accounts and alike to access your assets and and be access by phone app and browsers.
-There are only 12Million coins maximum available and 16Million has been circulated the world. and the remaining will be earned through mining as transaction rewards by processing verifications of all transactions made.
-The investors were keeping their coins to wait for the right time. the fewer coins circulating - the higher value of a coin because everyone wants to earn.
-It is supported by Businessmen, companies, states and governments the other of crypto currency is accurate, stable and less error in terms of transactions.
I know there are some other reasons that are responsible for Bitcoin value today so that's my thoughts and my own views.
-Crypto Currency is secure and owned by the people. No company or individual claimed that bitcoin is controlled by someone. Even the source codes are currently available for all and for those who want to develop their own crypto currency.
-Coins are intangible but saved through wallets digital or hardware. So, no need to bring cards or bank accounts and alike to access your assets and and be access by phone app and browsers.
-There are only 12Million coins maximum available and 16Million has been circulated the world. and the remaining will be earned through mining as transaction rewards by processing verifications of all transactions made.
-The investors were keeping their coins to wait for the right time. the fewer coins circulating - the higher value of a coin because everyone wants to earn.
-It is supported by Businessmen, companies, states and governments the other of crypto currency is accurate, stable and less error in terms of transactions.
I know there are some other reasons that are responsible for Bitcoin value today so that's my thoughts and my own views.
Before, the price increase is because of Bitcoin Gold fork. But due that price stayed strong at $6k. This made general market conception of the price and many didn't sell their Bitcoins after fork. After that series of positive news have been coming related to Bitcoin. Bitcoin is getting global attention among various big giants in financial and banking sector. This have made Bitcoin popular outside the crypto community and hence have attracted many investors from traditional markets. There is a huge surge in investor's interest recently in Bitcoin. Due to all this, money is flowing off from altcoins and getting into bitcoin. These all together have brought this huge price surge.
this is what i and my friends discuss when we are meet and we have the same answer and its because of the supply and demand in the market. beside that, if there a bad news is happen then people in the market will be panic and they are selling their bitcoin and this is what i am seeing in the past. but now i think people today become smart and not getting panic when the price is down and they only waiting the price is back to high again. there is many time we are seeing the price is up and down and we don't have to be panic.
I think the chinese people are still interacting with bitcoin even after ban on their local exchanges and their concentration makes increase in bitcoin in an extreme degree.
While the another reason for bitcoin price justification may be over and over happening of hard forks.
We are hoping btc to be $10000-$12000 soon in a few forth coming months.
While the another reason for bitcoin price justification may be over and over happening of hard forks.
We are hoping btc to be $10000-$12000 soon in a few forth coming months.
The trend on bitcoin increases in my opinion is connected to the coming Segwit2x or Coinbase called it Bitcoin2x fork. Everyone is panicking on collecting bitcoin to receive same amount of free coin. I’m one of them that badly wanted to acquire those but to buy is not really practical for me because of financial incapacity.
Maybe because of upcoming hardfoks. Altcoin market is bleeding in red right now. Because they are selling their altcoins for Bitcoins to acquire some hardfork coins. They are keeping bitcoin as much as they can to acquire more hardfork coins. Because this will determine what amount you could get after the hardfork. In addition for this is news about Bitcoin. There's so many good news about Bitcoin this past few days. China is the big news I've seen so far. They are now allow exchanges there to operate. I think it's the reason and driving the price surge of bitcoin. But it will not last longer. The volume will go to altcoins after the hardfork take place.
the recent increase in price of bitcoin is a result of the upcoming fork. Once that happens, there would be a major price correction, as people who go bk to their altcoins.
Jump to: