What is driving BTC increase - page 9.

Spoetnik

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FUD Philanthropist™

Quote from: catchemcrypto on December 08, 2017, 04:51:36 AM

Is there one main reason for the BTC increase? Or are there a lot of factors considered in this?

Your title here is "newbie" so.. any guesses ?
It would be you NOOB.

And the rich financial players showing up to prey on the idiot noobs.

It is those 2 points in play.
And when the whales start to dump on your noob idiot ass's you will of course follow suit en mass.

Satish147

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Harmony for One and All

The inflow of money from institutional money to bitcoin from December 10 through Bitcoin futures.

EmJay

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Quote from: redcrystal on November 02, 2017, 12:30:28 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

for me the factor that drives the bitcoin price to strike high is that the trust of the people on bitcoin that's why they are holding it for investment in which the supply is gettig low and the demand of people to buy and invest it is higher so the price obviously will rise. and also of all the cryptocurrencies, bitcoin is number 1 for a long period of time.

catchemcrypto

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Is there one main reason for the BTC increase? Or are there a lot of factors considered in this?

Saifher

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I think the main driver behind this price increase is the futures market that will be launched this weekend. No one knows whats going to happen when it does, but we're certainly in for a crazy wild ride until the year ends. I'd actually prefer if bitcoin kinda went sideways for a couple weeks, to let the market breath a little bit.

Spoetnik

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Quote from: Slipknot79 on December 08, 2017, 03:49:06 AM

Simply its supply and demand. As more and more stories come out about the incredible growth of bitcoin it creates more demand. It will continue for a long time to come.

Growth ? A very poor choice of words.
What you SHOULD have said is popularity and market price.
Which are independent from adoption and it being used as intended (as a currency)

Slipknot79

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Simply its supply and demand. As more and more stories come out about the incredible growth of bitcoin it creates more demand. It will continue for a long time to come.

Spoetnik

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Quote from: crypt0stark on November 02, 2017, 12:44:16 AM

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..

Agreed and more specifically i would wager old money is making it's way in more & more plus average home users.
The one preys on the other..

@bitcampaign
Cheap Bitcoin ? I looked earlier and itwas like 17k or some shit. Cheesy

When i got here it was about $30 or $35 dollars if I recall correctly.
I remember bookmarking a calculator site when BTC hit $50 for the fist time.
http://www.bitcoinexchangerate.org/
(My Bookmark in Firefox said $50)

Cheap BTC ? $17,000.00 Cheesy

https://coinmarketcap.com/

..time to run pajeets

bitcampaign

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yes I guess a lot of people expect cheap bitcoin because when the price is low and there will be a lot of whales that buy bitcoin and there will be more, a collision is about to happen, i am happy to have a little btc i have now because i will keep saving when the time comes and I will feel the great pleasure.

lifemong

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Prices are soaring now. I think it is a bad sign that prices go up sharply. It is likely to decline soon.

RSM0103

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Probably the demand of bitcoins the more investors invest in bitcoin the more its marketcap increase and the more its price will go up, but I expect it to go down but not that much maybe around 11-13k$ by the end of the year and will go up again in the mid January 2018. Its just my opinion.

taiwww

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Bitcoin was introduced in 2009 with a motive to reduce peoples trouble from traditional currencies and help people trade independently. But bitcoin get more popularity as asset than currency. Since last one years bitcoins popularity is increasing regularly. Its price just crossed $17000 mark. Limited supply and huge demand is the one and only reason of rising price of bitcoin in such a short time span. Its now become a cycle, people have huge attraction and confidence about bitcoin that it will go on increasing and have them good money. As a result they are ready to pay any price, but as the supply of bicoin is restricted so its prices are rising.

jayram

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The fundamental reason which drives bitcoin prices upward is the constant increase in demand and a very limited supply of bitcoin, basically it is the law of supply and demand. When supply is constant and demand is ever inceasing, there is only one way to go and that is upward.

lifemong

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Frankly, I do not know exactly what caused the price increase. But I think BCH, BTG and so on are causing the price increase.

mahibul49

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bitcoin demand is rising thats why price is going up and up.and soon we will see a correction but after that price rise more

emberbekas

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Quote from: Bambinoe on November 06, 2017, 10:44:12 AM

I believe whenever a fork is about to take place people speculate a rise in price of BTC. This triggers a high in demand of BTC which in turn escalates its price.

I think so, people wants free money whenever a hardfork that potentially create a new coin will occur. The demand for bitcoin increased because of it.

Peashooter

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Quote from: crypt0stark on November 02, 2017, 12:44:16 AM

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..

I agree that demand is the main factor why it is keep on increasing. As of now the price of bitcoin is keep on increasing and I think it will continue on increasing. I think if more investors will invest the price of bitcoin will rapidly increase and may lead to high income. The supply and demand of bitcoin is the main reasons why the price was totally expensive.

ramayor

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BTC follows the law of demands in economics: higher the demand, higher the price. It will continue to have an enormous increase in worldwide demand for BTC at the same time an overall increase in blockchain activity. But higher the price of bitcoin, higher transaction fees which is a disadvantage.

rxplcgna

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I think the main reason is the development of the community, which may probably be named the bitcoin year. In 2018, it will be the year of an encrypted currency explosion

madentopere

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Quote from: redcrystal on November 02, 2017, 12:30:28 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

Demand , good news , price is the main things that driving bitcoin.

drop dramatically soon? can happen but not soon (after 10 years at 2019)

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