Why Bitcoin going up? - page 4. | Bitcointalksearch.org

batang_bitcoin

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Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

Everyone has been chasing to get more bitcoin before the hard fork and that's the closest so far that I can give. And have you seen the price starts to get down again? Care to ask why the price starts to decrease now?

Quote from: ladydark on November 05, 2017, 07:30:43 PM

If segwit 2x fails to get enough support,then bitcoin price would trigger.

Waiting for this moment but there seems to be a lot of support for Segwit2x but everything can possibly change before and after the hard fork, I hope price will be triggered to climb after this.

MrZ28s

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Quote from: player514 on November 06, 2017, 03:19:04 AM

Quote from: 0x417jpq on November 05, 2017, 07:45:34 PM

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

I could see this being an accurate representation of what actually goes down. I think, however, people for the most part know that the forked coin will not be much to think about. It seems like for the most part, people learned that the forked coin will not be as popular as bitcoin just through what went down during the bitcoin gold fork.

For the most part, I see most of this happening. I don't know how much of a drop we'll actually see, but hopefully it's not too bad. January should be a good time for BTC, considering the drop from this fork could continue on for a month.

It will be interesting to see how the segwit vs segwit2x war ends. I am still holding my Bitcoins since I still expect it to continue its rising price. I'd been actively monitoring speculations and most people are seeing this coming fork as free money. Now I realized that if Bitcoin Core retains its control in the network then Bitcoin will have another heavy rally.

player514

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Quote from: 0x417jpq on November 05, 2017, 07:45:34 PM

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

I could see this being an accurate representation of what actually goes down. I think, however, people for the most part know that the forked coin will not be much to think about. It seems like for the most part, people learned that the forked coin will not be as popular as bitcoin just through what went down during the bitcoin gold fork.

For the most part, I see most of this happening. I don't know how much of a drop we'll actually see, but hopefully it's not too bad. January should be a good time for BTC, considering the drop from this fork could continue on for a month.

0x417jpq

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My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

btc_angela

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Quote from: ladydark on November 05, 2017, 07:30:43 PM

Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

There are lots of factors for the price rise.
1.Upcoming segwit 2x activation when a hard fork is expected and so free air drop and free coins.
2.CME announcement that it would release BTC ventures.
3.People finding bitcoin as the best way to double or triple their investments within a short period.

If segwit 2x fails to get enough support,then bitcoin price would trigger.

I think the main driver for this sudden pump in bitcoin is really the segwit2x implementation. I'm not sure though how can we claim this free coins once again. Too many forks sometimes its really getting out of hand. I also heard that there will be another one in December called Bitcoin Silver now. Grin

Quote from: RGBKey on November 05, 2017, 07:21:30 PM

Quote from: Jating on November 05, 2017, 07:17:19 PM

Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

I'm quite sure that was disproven after they held their meeting and it wasn't announced that they were adding support.

Any rumor is good for the market because it is based on speculation.

faithupgrade

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ARCS - A New World Token

Ok I guess this is the real reason of pump.

Quote from: Gotomoon on November 05, 2017, 07:28:47 PM

Quote from: mast3rm1nd on November 05, 2017, 07:20:58 PM

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

Yes because people wanted to have profit by then the hard fork will start. At least any percent users will grab its opportunity to earn by buying bitcoin. As of now bitcoin price is increasing so it is the reasons why continue to increase.

ladydark

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Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

There are lots of factors for the price rise.
1.Upcoming segwit 2x activation when a hard fork is expected and so free air drop and free coins.
2.CME announcement that it would release BTC ventures.
3.People finding bitcoin as the best way to double or triple their investments within a short period.

If segwit 2x fails to get enough support,then bitcoin price would trigger.

Gotomoon

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Quote from: mast3rm1nd on November 05, 2017, 07:20:58 PM

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

Yes because people wanted to have profit by then the hard fork will start. At least any percent users will grab its opportunity to earn by buying bitcoin. As of now bitcoin price is increasing so it is the reasons why continue to increase.

bakekang

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Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

I think its because of the upcoming fork , more and more people are buying bitcoin becuase of the segwit2x fork which only means bitcoin demand is rising so even the price of it.

Cryptosaphire18

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Quote from: faithupgrade on November 05, 2017, 07:07:13 PM

It goes up until the fork. After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.

Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

Bitcoin goes up by the help of many people work here in this online job. If it happens that bitcoin someday has a huge crash there is a possibility that the 8k by now goes 5k and it was the biggest down of bitcoin. But right now for me bitcoin really goes up by the help of many people by posting something that they knoe about this online job.

RGBKey

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Quote from: Jating on November 05, 2017, 07:17:19 PM

Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

I'm quite sure that was disproven after they held their meeting and it wasn't announced that they were adding support.

mast3rm1nd

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there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

Pettuh4

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Quote from: RGBKey on November 05, 2017, 06:58:07 PM

Quote from: Scorpion on November 05, 2017, 06:56:00 PM

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

I'm afraid that people don't realize how different the 2x fork is going to be. It's going to be a lot messier and a lot of people that don't know what they're doing are going to lose money trying to split their coins. I'm anticipating a drop after the fork.

Well there's always been drops after a fork but it somehow finds its way back up because those that abandon bitcoin on;ly give others the chance to own them and so the price eventually rises back to defy the odds. You might be right about your anticipation but that is not going to be the end of bitcoin.

Jating

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Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

Rinsend

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Quote from: BlueSword on November 05, 2017, 06:57:33 PM

There's some speculation that people want to get bitcoin before the fork so that they get money on both the incumbent chain and the SegWit2x chain. After the fork, it's to be expected that the price will drop.

so true.
all this happens because of hard fork that happened.
human sensitive with anything free.
because most crypto users already know that segwit will form a new coin that was born and will be distributed for free.
then they all choose to hold bitcoin until the occurrence of hardfork

faithupgrade

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It goes up until the fork. After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.

Quote from: johnwing on November 05, 2017, 06:36:11 PM

Why is bitcoin going 3% up each day?

tryer12

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CME Announcement brought 100K new users to Coinbase.com which is one of the largest bitcoin's exchanges. Which caused a big "boom" to bitcoin's value.

RGBKey

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Quote from: Scorpion on November 05, 2017, 06:56:00 PM

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

I'm afraid that people don't realize how different the 2x fork is going to be. It's going to be a lot messier and a lot of people that don't know what they're doing are going to lose money trying to split their coins. I'm anticipating a drop after the fork.

BlueSword

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There's some speculation that people want to get bitcoin before the fork so that they get money on both the incumbent chain and the SegWit2x chain. After the fork, it's to be expected that the price will drop.

Scorpion

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Bitcoin OG

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

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