What makes the bitcoin price stronger in the market? - page 10.

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Just to ask a question, since i have been trading forex i know the market is partly moved by speculation of sort. am wondering if Bitcoin price is also influenced by speculations?

what do you mean based on speculation? speculation also comes from facts and real events affecting the price of something traders trade. it is not just out of nowhere.
for example when Japan starts accepting bitcoin as a real currency, obviously more people are going to start services and then adopt bitcoin and that increases the demand, so you speculate that and start buying and price goes up. and then the real demand comes and price goes even higher.

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

I think the demand and the number of people that are using it. The number of people or person that using it is greatly increasing so that the value getting higher. Many people are happy because of the value and it affects the stability of it. One of the reason also is the bitcoin was accepted for sure in some countries because of the good image and it affects the value or price in tge market.

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

The reason why we have increase in the price of bitcoin which is being interpreted to be 'stronger' in the market as clearly enumerated by OP, could be due to several reason and at this time, I can clearly in my own opinion ascribed it to two factors which are:

1. The influx in the number of people getting into bitcoin and the people already are not leaving so that is a reason.

2. Another is the recent news in the crypto space which has been good in all angle from Japan to several other countries. This has equally increase the level of confidence in bitcoin which metamorposed into increase in price.

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Just to ask a question, since i have been trading forex i know the market is partly moved by speculation of sort. am wondering if Bitcoin price is also influenced by speculations?

Sometimes the price of bitcoins in the market is affected by speculation especially if the person who made such announcement was a big figure in bitcoin. Sometimes speculation sounds true and many have believe in it causing the price of bitcoin to increase or decrease in value. But the most popular speculation of all is that bitcoin will reach 2000$ this year and somehow it is coming true.

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Quote from: btcdiggingmaster on May 03, 2017, 06:28:08 AM

Quote from: iqlimasyadiqa on May 02, 2017, 02:52:17 AM

One way to make bitcoin as a means of payment is to use bitcoin in everyday life. Currently bitcoin prices have increased significantly. What we do is to continue constantly using bitcoins. This can make bitcoin prices continue to increase.

I think its price is not increased by the usage, it is completely based on the market where people are holding bitcoin. I don't know exactly why people are showing much interest towards bitcoin.

Basically for investment, maybe they just got interested because they've read so many experiences on the internet regarding the advantage of investing bitcoin and some people have proven them to be the success by being early birds and catch bitcoin while the price's still low and sell it when the price just at its peak. They want to repeat the same things and hope that it'll happen to them but unfortunately, the chances to be that success is pretty low, so they just waiting for it to come instead.

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The main reason of this is the demand is rising, many people starting to invest in bitcoin and experienced bitcoin is a very good investment, so now a lot of people try to invest in bitcoin and that caused a rising in price and the popularity of bitcoin has been increased a lot, so there will be more people joining bitcoin world and that will cause the demand to increase again

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

Because more and more people are getting to know about BTC, I think bitcointalk itself plays a big role in spreading ideas that BTC is a good investment. And people are learning from their mistakes, we all know that if we invested in bitcions earlier some of us could be millionaires. So why don't try doing it now, maybe bitcoin will cost over 10 000$ someday. And why not alts? I think because BTC is a matter of current report, everyone wants to make an investment in something, that is well-known and time-tested.

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Quote from: iqlimasyadiqa on May 02, 2017, 02:52:17 AM

One way to make bitcoin as a means of payment is to use bitcoin in everyday life. Currently bitcoin prices have increased significantly. What we do is to continue constantly using bitcoins. This can make bitcoin prices continue to increase.

I think its price is not increased by the usage, it is completely based on the market where people are holding bitcoin. I don't know exactly why people are showing much interest towards bitcoin.

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Just to ask a question, since i have been trading forex i know the market is partly moved by speculation of sort. am wondering if Bitcoin price is also influenced by speculations?

Im also a forextrader too but i can really see the difference on trading on both fields.Forex price movements is too complex and too volatile since there are lot of currency pairs to be selected which are more than on cryptocurrency only. Bitcoin price do really matter on adoption of people on which who uses it even more because we do know the more demand it has the more valuable it is considering theres only a limited supply of bitcoin.

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

I guess it makes stronger because of the people who are usung it. Many people are using bitcoin today because they see that it is very helpful and gives us a lot of advantages. Many people think that in bitcoin they will earn and have income daily, weekly or monthly. And today bitcoin is a good investment because you can somehow use it as a alternative money because it is accepted in some establishments and food chains.

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because everyone save bitcoin, could not be denied again that everyone loves with bitcoin so bitcoin will continue their buy without regard for price.

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

Just seems like a lot of people are buying for the sake of higher prices. Eventually it'll fluctuate down too, nothing against BTC.

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Quote from: iqlimasyadiqa on May 02, 2017, 02:52:17 AM

One way to make bitcoin as a means of payment is to use bitcoin in everyday life. Currently bitcoin prices have increased significantly. What we do is to continue constantly using bitcoins. This can make bitcoin prices continue to increase.

The same way I do, much I buy with bitcoin in sufficient daily needs, of course so that bitcoin can grow and more and more users, can make bitcoin prices strengthened in the market

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Bitcoin price stronger in the markets, i think because demand of bitcoin from the users to investing into bitcoin
but amount of bitcoin is limited so price of bitcoin is increasing,
the other reason bitcoin price stronger because, bitcoin become more famous and many investors make investments in
bitcoin, include the traders, speculators that made bought bitcoin with large of money.

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Quote from: stevano on May 01, 2017, 07:32:11 PM

There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!

Bitcoin's market are impressively increasing its market value. I think the reason behind this is because a lot of countries are embracing digital currency and they have been using bitcoin for making it as mobile banking and investment. Also, because of such good news regarding bitcoin, investors are more likely to be convinced which is the reason why bitcoin pump rapidly.

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Quote from: CROYA86 on May 02, 2017, 07:43:29 PM

Quote from: DoublerHunter on May 02, 2017, 02:49:43 AM

The only thing that i know that makes the price of bitcoin stronger day by day in the different bitcoins exchangers market is the demand of the people who is really growing big and also the popularity of bitcoin which is a lot way bigger than last year and if you combine those two then it would be probably result for a very high price. You need to remember that we have only limited supply and the demand is getting bigger so we can expect up to 2,000 USD price this year.

I agree with your argument, according to the economic laws any increase in demand then the price will rise because of the scarcity of goods. This is what is happening now bitcoin strengthen the market because many people are buying

I think it will be still depends in the trends if they heard a good news about bitcoin bitcoin can be increase fast but if they heard some bad news like exchange site was crash and hack expect in few minutes and hours you can see the price will drop..
So much better to follow the trends and more people are talking about bitcoin in speculation that i think as a good place where you can see some sign that the price will drop..

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Quote from: DoublerHunter on May 02, 2017, 02:49:43 AM

The only thing that i know that makes the price of bitcoin stronger day by day in the different bitcoins exchangers market is the demand of the people who is really growing big and also the popularity of bitcoin which is a lot way bigger than last year and if you combine those two then it would be probably result for a very high price. You need to remember that we have only limited supply and the demand is getting bigger so we can expect up to 2,000 USD price this year.

I agree with your argument, according to the economic laws any increase in demand then the price will rise because of the scarcity of goods. This is what is happening now bitcoin strengthen the market because many people are buying

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The risk of a hard fork is probably gone, but solutions to the scalability issue are still far away. SegWit is still months from gaining the support it requires. I guess demand is moderate, but most people are holding till the problems are solved, and that pushes the price up, but that may be a bubble.

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Quote from: btcjoin14 on May 02, 2017, 04:31:27 PM

That does not explain why the price of Bitcoin is getting stronger/more expensive within Bitcoin Markets. If there is a bunch of transactions from China then that only means the people in China are transferring Bitcoin to each other –that means that they are really spending Bitcoin’s instead of actually holding onto them.
The price of Bitcoin gets its value when there is more people purchasing Bitcoin and holding them, that makes it tough to purchase from people because there wouldn’t be that many Bitcoin’s within Bitcoin Exchanges. So, people holding onto their Bitcoin will cause the cost per Bitcoin to be more expensive.

And yet, if you plot volume against price, they track almost perfectly. All the evidence we have suggests that higher prices correlate quite strongly with higher transfer volumes.

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Quote from: erikalui on May 02, 2017, 04:23:34 PM

Bitcoin has a huge market in China and US which is why the price keeps fluctuating a lot and with the rising price, more companies are willing and open to accepting and working on bitcoin currencies to attract more customers. With having just 14k transactions in 2012, Jan 2017 showed a record of 350k transactions. With this, hope the market keeps growing and this currency reaches even more users.

That does not explain why the price of Bitcoin is getting stronger/more expensive within Bitcoin Markets. If there is a bunch of transactions from China then that only means the people in China are transferring Bitcoin to each other –that means that they are really spending Bitcoin’s instead of actually holding onto them.
The price of Bitcoin gets its value when there is more people purchasing Bitcoin and holding them, that makes it tough to purchase from people because there wouldn’t be that many Bitcoin’s within Bitcoin Exchanges. So, people holding onto their Bitcoin will cause the cost per Bitcoin to be more expensive.

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