What is driving BTC increase - page 7.

sampoer23

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Quote from: redcrystal on November 02, 2017, 01:30:28 AM

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 I look at the 2017 chart in the same month I hope next month there will be a bitcoin price increase.Can not be denied, the growth of Bitcoin value in 2017 is arguably fantastic. However, the criticism of this cryptocurrency is analogous to the 'bubble' (because it continues to fly high but can 'erupt' anytime) is still quite attached to the digital currency.

rose9696

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In general, the price of bitcoin will increase when supply and demand differ widely. The price of incremental bitcoins is usually due to whales that have made a great investment revolution on bitcoin coins.
So when bitcoin increases, both crypto market will increase accordingly. That's what I know about the rise and fall of the altcoins and hopefully it's true.

Finestream

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Quote from: BossMacko on February 20, 2018, 08:56:48 AM

Reason why Bitcoin price is increasing because there are many investors who bought when the price was dropping. now they are only holding those Bitcoin and the demand is increasing so is the price. If you will check the price chart Bitcoin is recovering from the last drop.

I believe so.The users and investors of bitcoin are mainly the one that drive BTC increase.If they haven't missed the chance of buying cheap bitcoins last few weeks ago,then for sure they are still holding it up to now.I also think forks have something to do with price increase,but for sure after that price corrections will also appear.

BossMacko

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Reason why Bitcoin price is increasing because there are many investors who bought when the price was dropping. now they are only holding those Bitcoin and the demand is increasing so is the price. If you will check the price chart Bitcoin is recovering from the last drop.

michellee

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Quote from: Raj0621 on February 19, 2018, 11:15:22 PM

The rise of Bitcoin is bound to happen after such drop last month, I think people are again willing to buy Bitcoin, Bitcoin's price is demand driven, as demand increases, so as it's value. The problem last time was Bitcoin grew so much and fast that people are not ready to buy Bitcoin at such price.

I see that in every exchange, bitcoin is moving fast and I think there is many people try to buy more bitcoin and they don't want to be late to buy right now. and I think this is why bitcoin price is driving to increase and will increase more if there are many people still buy bitcoin and I am sure that soon the price will move into the higher price.

Blackhammer321

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Hodlers drives bitcoin to the top, People supports bitcoin and The world let it be. The high demand from people keeps it alive , a high and valuable coin existing now. The ratio of demand towards supply is way too unequal than expected years before and many of us trust it and accept it and so the value of it is increasing.

Zyborg

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Last two months some news were in circulation regarding regulation in USA,Ban in China & South Korea,facebook ban Cryptos ads,Financial Institutions provided huge funds to Youtuber,google and facebook to discourage BTC trading,due to these factors the price of BTC continued to fall till 6th Feb-18 when it reached to $5983,after this positive news from US Senate Hearing,Microsfot will use identification system based on block chain,Yesterday Trump also gave signal regarding regulation but will constantly keep eye on cryptos market,After these factors price of BTC is increasing day b day and today stand at $11500 which is a good price correction phase and it will determine future price hike.Also huge investment is expected as a fallout of which demand will increase and price will surge.

cryptotaste

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I am very optimistic about Btc., bitcoin's price increase is being driven by the hard forks happening,some reasons are the good news like adaptation and acceptability of bitcoin in the world.

katixrecamara

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There are a number of reasons, one maybe because altcoin asset holders are now converting theirs for bitcoin, thus the surging up in bitcoin price and bleeding of alcoins. The main driver for this selling of altcoins is the upcoming hardfork ,that's why they are selling and converting to bitcoin. All this boils down to the concept of supply and demand.

Crislyn4116

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For me is why the bitcoin decrease because of the other country that banned earning and using bitcoin. And next the spreading of a fake news that make the other people panic selling so the bitcoin dump. All the problem is solve so the bitcoin will be pumping again.

Doge dealer

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bitcoins operates outside of the remit central government, ,banks and other types of financial institutions , for these reasons bitcoins are becoming more popular everyday as cross border transactions can be facilitated easily not even to mention the upwards price movements that it is forecast to make this year, as a result of this the demand is growing daily for bitcoins and as per the law of demand and supply as demand increases so does the price.plus the Chinese new year is over so all those monies are going right back into bitcoins Grin

Raj0621

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The rise of Bitcoin is bound to happen after such drop last month, I think people are again willing to buy Bitcoin, Bitcoin's price is demand driven, as demand increases, so as it's value. The problem last time was Bitcoin grew so much and fast that people are not ready to buy Bitcoin at such price.

Beduya

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Maybe its the demand drives the btc to increase its prices. Since their are some holders which hold a huge amount of btc and some uses btc as payments for their transaction, also there are some investors are just waiting for the price of btc to get low for them to buy a lot of amount of btc then hold until its rises again that causes low of supplies and higher in demand.

Kahoy01

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Bitcoin's continuous increase can be thanked to the high amount of investors that accumulate bitcoin. Moreover, just like any product in the market, it's value is determined by its demand. Which causes bitcoin to increase in value altogether because of the fact that the amount of bitcoin buyers and users is matched by bitcoin's increasing demand.

KesoNie

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Quote from: jakoylantern on December 18, 2017, 08:25:21 AM

For me, what is driving bitcoin to increase its price because of some reason? Like bitcoin capability, and growing community. We all know you can use bitcoin to buy some things you want, through the internet or some company. Also, the growing population of bitcoin has the massive effect of its amount. When the demand for bitcoin is increasing the price will also increase, that is the main reason why bitcoin is becoming expensive.

For me I guess what's driving bitcoin to increase is its demand which one of the factors why value of bitcoin are constantly varying according to my research. And same as a stock exchange right, the value are constantly varying too depend on the demand of the people. And also I guess the big dropped of price recently in bitcoin based on my research is a price correction.

Butchick

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Currency values are significantly affected by the supply and demand ratio of the coin itself and this changes almost all the time. For bitcoin's sharp increase, one factor would be the increasing number of investors and supply of the coin. Other than this factor, there are also others that may have affected its increase. One would also be the upcoming fork at that time which, by the way, was cancelled but then before the year ended, butcoin calue dropped
To almost half of its highest value last year.

ethereumhunter

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Quote from: zolfa on January 14, 2018, 10:44:31 PM

I do not know, maybe this is due to spreading and the volume is rising high, so the increase is very fast. but after that it will come back down.
we see today. it is hard to go back up again, after falling from high ground.

I think it is because of many people want to buy bitcoin and the price always change so fast. by spreading in many places and many people know about bitcoin, I think they decide to invest their money in bitcoin and makes bitcoin price increase although every increasing of the price, there will be a decrease of the price that will happen like in a few weeks ago. and now, bitcoin price is ready to increase back again after reaching the correction price although we don't know when the price will increase later.

anjaydut

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Probably because of the new coin as a bitcoin competitor
and the emergence of various types of altcoin, will certainly be a rival of the bitcoin itself, all scrambling to occupy the top position because it is occupied by bitcoin at this time.
I think that's the reason

Fazlurkhan.kz

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High demand of bitcoin is whats making its price increase. As it is the hot topic of discussion more and more new investors are attracted in investing in bitcoin and the common people have also started to find means and ways to earn bitcoin. So, the increase in demand is resulting in the bitcoins price to rise.
Maybe after a while when huge investor might leave their shares, maybe then the price would decrease.

Yuppers

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Anybody have updates on BTC Lightening coming? I have a feeling this will turn the tide on the Bitcoin haters and people who are fed up with the lag and high fees, including me!

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