Why bitcoin is going up to 8.6K? - page 3.

Kupid002

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Quote from: jmigdlc99 on November 25, 2017, 11:11:35 AM

Quote from: BlackPanda on November 25, 2017, 10:53:52 AM

Fundamentally, the current Bitcoin price increase is strongly influenced by the increasing demand for Bitcoin. This could trigger an increasing market confidence. I was also surprised when the Bitcoin price hike so fast, the increase also occurred in Altcoin which is very rarely occurring simultaneously. This is evidence that cryptocurrencies are increasingly trusted by the public and are becoming widely used in many sectors of the world economy today.

Simply very well said. "cryptocurrencies are increasingly trusted by the public and are becoming widely used"

There is no actual news which we could directly assume would be the cause of the increase in value, but if we have to speculate, my guess would be it was caused by 1) the bitcoin diamond fork and 2) the failed FUD attempt that BCH was trying to promote about how bitcoin transactions would again get stuck and BCH would be the more profitable coin to mine.

exactly there is no such thing to explain why bitcoin is getting more and more but as far as i know this is a good sign that bitcoin can have the possibility to reach the moon and i know that bitcoin can be. one thing for sure it is hard to beat this unless whales make some move regarding on it.

shursight

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We dont know why it is really happening mate, i am on the same position as you at the moment.

But i have been reading a lot of post during the last few hours and it seems that bitcoin is only going up because a lot of people are now buying bitcoin on bulks.

It means that the marketcap is going up, and this makes bitcoin go up too.

But i dont know, it can rise a lot of people feel more attracted and tempted to invest on bitcoin, this can be just Awesome if a lot of people are now going to invest in bitcoin..

Just imagine the price touching more than $15k, it would be huge.

akamit

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Whatever the reasons behind for the rise of $8.6k, I was almost sure that it will reach over $8.5k very soon.

I posted some days ago about this and I also said that currently bitcoin has a great potential to reach $10k by this year.
And after that 10% to 30% fall in price could happen.

Indeed we are having great time with bitcoin this year, and most probably 2018 will be much better than 2017.

Definitely it is also a news reflection of bitcoin price push, as said by BrewMaster.

crairezx20

legendary

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Well the price was increase because of many people using it so the demand increase that is why the price is increase ..
since pork was decline its still the price increase due to demand and supply..
And i heard about tether that almost 30 million token stolen that i think one of the reason why the price is increase..

buyinbtc

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CryptoTalk.Org - Get Paid for every Post!

Quote from: JFDG on November 25, 2017, 09:21:03 AM

Hi guys, im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.
Somebody have news about this.
Thanks

I don't think there is any reason why, just like almost always. Usually we can explain why price drops, but almost never why it rises.

Dudeperfect

hero member

Activity: 1190

Merit: 534

I was expecting a correction at the level of $6K but somehow it was prevented but not long from now, I am expecting a correction but before that, the price might touch $10K levels where large stakeholders (institutional investors are manipulating the price in my opinion for unclear reason). I am sure that the current level is not the organic growth of Bitcoin and hence won't last long but a lot of drama is still remaining before a huge correction.

tenkuna

jr. member

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The new bitcoin of the bitcoin was created. $ 8600 for a bitcoin, it is unlikely that a year ago the bitcoin price was just $ 700 per bitcoin. That's great...

dothebeats

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Cashback 15%

Quote from: JFDG on November 25, 2017, 09:21:03 AM

Hi guys, im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.
Somebody have news about this.
Thanks

Price bumps are usually fueled by good news circulating over the interwebs. As someone has already pointed out, CME group announced that they'll be having their own bitcoin futures by mid-December. In line with this news, other financial institutions also stated that they will also look into having one, thus driving some opportunists into bitcoin to not miss future growth opportunities. Also, demand-wise, there is a huge volume being traded everyday and the numbers are gradually increasing. You might want to check that out as well.

ajqjjj

hero member

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Not your Keys, not your Bitcoin

Quote from: JFDG on November 25, 2017, 10:19:26 AM

I understand your point, but i'm asking because in past, always happened when a hard fork being close or some news about big investment in BTC, but this weekend i don't find anything.
The past week, for example I was waiting the price went under 7.5K, because in that case I think the correction was needed. I know about the high volatility of BTC, but now I dont find nothing, I guess this weekend maybe again back to 8K, what do you think?

Adoption and business implementation using the bitcoin payment that is always taking the bitcoin to see the many time bump in very soon. That is what you find this time bump. If you find any dump in the chart you please choose the right place where you can purchase more bitcoins and do that.
You will be profitable, If you want to know the reason for dumps you may find the information by checking the news site like coindesk. It will be provide more information to you.

jmigdlc99

sr. member

Activity: 784

Merit: 282

Quote from: BlackPanda on November 25, 2017, 10:53:52 AM

Fundamentally, the current Bitcoin price increase is strongly influenced by the increasing demand for Bitcoin. This could trigger an increasing market confidence. I was also surprised when the Bitcoin price hike so fast, the increase also occurred in Altcoin which is very rarely occurring simultaneously. This is evidence that cryptocurrencies are increasingly trusted by the public and are becoming widely used in many sectors of the world economy today.

Simply very well said. "cryptocurrencies are increasingly trusted by the public and are becoming widely used"

There is no actual news which we could directly assume would be the cause of the increase in value, but if we have to speculate, my guess would be it was caused by 1) the bitcoin diamond fork and 2) the failed FUD attempt that BCH was trying to promote about how bitcoin transactions would again get stuck and BCH would be the more profitable coin to mine.

CryptoX006

newbie

Activity: 31

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Well in my country bitcoin is all over the news. This creates attention and more people will want to jump on the bandwagon because of FOMO. The Demand increases and so does the price.

LodisMcguire

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Activity: 546

Merit: 261

Quote from: BrewMaster on November 25, 2017, 10:23:36 AM

Quote from: JFDG on November 25, 2017, 09:21:03 AM

im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.

CME group, an American financial market company operating a options and futures exchange with $3.47 billion revenue, has announced that they will be launching a bitcoin futures market before 2018.

https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-year-end.html

the market is seemingly pretty excited about this. additionally it is a good news that has filled the media and consequently brings in more investors. hence price is rising...

ps. as DaMut also pointed out this rise you are talking about is small (6%). this kind of rise is daily fluctuations for bitcoin not a rise.

Oh that's why then,so this is just a temporary rise because the hype of the news
I hope this will attract much more investor and keeping bitcoin strong

BlackPanda

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Quote from: JFDG on November 25, 2017, 09:21:03 AM

Hi guys, im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.
Somebody have news about this.
Thanks

Fundamentally, the current Bitcoin price increase is strongly influenced by the increasing demand for Bitcoin. This could trigger an increasing market confidence. I was also surprised when the Bitcoin price hike so fast, the increase also occurred in Altcoin which is very rarely occurring simultaneously. This is evidence that cryptocurrencies are increasingly trusted by the public and are becoming widely used in many sectors of the world economy today.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: JFDG on November 25, 2017, 10:19:26 AM

I understand your point, but i'm asking because in past, always happened when a hard fork being close or some news about big investment in BTC, but this weekend i don't find anything.
The past week, for example I was waiting the price went under 7.5K, because in that case I think the correction was needed. I know about the high volatility of BTC, but now I dont find nothing, I guess this weekend maybe again back to 8K, what do you think?

Past ? i think we should make it clear.
whenever we make an upward movement Bitcoin always move unpredictable because they want to maximize the profit(the whales),
we will never hear about something if we're moving upward,but if we want to make another downward movement usually there'll be a news behind it.
which mean they will never leak an information about something if it's a good one until they're pumping it,
but when it's a bad news they will leak it all as soon as possible to trigger panic sell.
i do not think we will be back to that point because lately we had a lot of drama,
also if they(CME group) fullfill their promise to list it in their futures in Q4 2017,i believe breaking $9000 is a small matter.
everything can be happen with it,

BrewMaster

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There is trouble abrewing

Quote from: JFDG on November 25, 2017, 09:21:03 AM

im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.

CME group, an American financial market company operating a options and futures exchange with $3.47 billion revenue, has announced that they will be launching a bitcoin futures market before 2018.

https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-year-end.html

the market is seemingly pretty excited about this. additionally it is a good news that has filled the media and consequently brings in more investors. hence price is rising...

ps. as DaMut also pointed out this rise you are talking about is small (6%). this kind of rise is daily fluctuations for bitcoin not a rise.

JFDG

newbie

Activity: 12

Merit: 0

I understand your point, but i'm asking because in past, always happened when a hard fork being close or some news about big investment in BTC, but this weekend i don't find anything.
The past week, for example I was waiting the price went under 7.5K, because in that case I think the correction was needed. I know about the high volatility of BTC, but now I dont find nothing, I guess this weekend maybe again back to 8K, what do you think?

DaMut

sr. member

Activity: 1274

Merit: 263

If you're asking about a news that caused this movement from $8200 to around $8600,i am afraid nobody can tell you why.
because it's all pure manipulation,which mean the price pushed to the top by the whales without proper explanation,
but if you understand how it works i believe you can find a clue that what will happen in the future.
Bitcoin price can not be determined by a common sense,because the whales will try to break every pattern in order to maximize the profit.
for example,
a days ago we heard about problem with Tether,they get hacked by people and lost their money for more than millions dollar,they claimed the money moved to unauthorities Bitcoin address,
because of that news,we could see a big retrace a few days ago.
but in reality,we're not really sure about it because they claimed it by themself.
they made a quick news about hacking and Bitcoin at the same time to trigger the fear and then panic sell happened.
afterwards,the whales pushing the price to the top creating panic buy aka FOMO.

JFDG

newbie

Activity: 12

Merit: 0

Hi guys, im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.
Somebody have news about this.
Thanks

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