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Topic: Why Bitcoin is soaring? - page 3. (Read 1182 times)

full member
Activity: 532
Merit: 187
November 20, 2017, 09:23:57 PM
#43
I think everyone want a little pieces of bitcoins, before the price soaring even more, the time with  4 digit Bitcoins seems to be running out soon.
member
Activity: 98
Merit: 10
November 20, 2017, 09:24:00 PM
#43
Because many people are tending to see the many advantages of having a bitcoin account their lives are getting much more comfortable also many people are starting to realize that they are really gaining a huge amount of profit in bitcoins. Also there is a lot of ways you can earn bitcoins and a lot of benefits if you know a lot from bitcoin because we are in technology related generation which is why we need this as part of our daily essential.
full member
Activity: 381
Merit: 101
November 20, 2017, 09:17:23 PM
#42
Bitcoin is soaring because of the demand that is taking place and because of the supply that there is. There is only 21 million BTC out there and over half have already been distributed. I have heard that somewhere around something like 25% of BTC has also been lost. This happened in the early days when software was just getting better and wallets were being developed.
sr. member
Activity: 490
Merit: 250
November 20, 2017, 09:03:34 PM
#41
Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

There are a lot of news regarding with bitcoin , mostly by countries that they recognized bitcoin in their country and also the recent pumps derive most of the people to know what is bitcoin that lead to high demand and high price , And also the segwit2x that is coming but later on posponed but still the price pumps.
member
Activity: 62
Merit: 10
November 20, 2017, 08:52:05 PM
#40
It is going to continue climbing for a while my friend.
newbie
Activity: 5
Merit: 0
November 20, 2017, 08:44:24 PM
#39
It's finally breaking out of the 8K resistances!
full member
Activity: 664
Merit: 112
Ethernity CLOUD
November 20, 2017, 08:43:26 PM
#38
Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

price bitcoin skyrockted because bitcoin is so well known that it attracts investors to invest in bitcoin, and  the more buyers bitcoin, price bitcoin willbe hight with a limited supply.
hero member
Activity: 1890
Merit: 831
November 20, 2017, 08:37:35 PM
#37
First of all the price of bitcoins was high.. extremely before segwit2x and suddenly it dropped and bitcoins are just recovering from it..now..
Also CME and other investment companies have announced bitcoins future thus people are keen on investing at this point ... And the CME's bitcoins future.. Haven't yet come into play but for sure its making headlines right now..
I think the biggest factor is its recovery from the segwit2x fork cancellation and CME's future investment.

hero member
Activity: 1022
Merit: 503
November 20, 2017, 08:13:17 PM
#36
After the BTG, it will moon. Just like what happened last fork, which is the BCH. It soared right? It became 5k USD. And right now because of the BTG fork, it is now soaring 8k.

I don't think these trying hard coins has something to do with bitcoin price now and these alts won't hurt bitcoin price in any way.
Bitcoin now is flying because of the massive sell last November 12 when bitcoin had dumped and many weak hands gave up their coins to the whales. And now surely the whales are now sitting in their profit and the show hasn't over because they will pump bitcoin again up to the moon before we close the year. And everyone now so desperately to own some bitcoin.
member
Activity: 267
Merit: 10
November 20, 2017, 08:03:35 PM
#35
because a lot of good and positive news and so many bitcoin promotions and advertisements, maybe the main reason why prices skyrocket,
member
Activity: 350
Merit: 39
dApps Development Automation Platform
November 20, 2017, 08:02:07 PM
#34
I think the investors,new companies,gambling,mining and ofcorse China😉
hero member
Activity: 1176
Merit: 509
November 20, 2017, 07:54:35 PM
#33
Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

Bitcoin is soaring high because there is a high demand. People are now aware of it's existence. Even the Central Bank in our country acknowledged it and there are more news about it recently in the television. They are now appreciating its value and importance. They can now see that Bitcoin has the potential to be the future currency. Aside from that, they investors are attracted to it because they admire its characteristics such as it is non-taxable and very convenient to use. Let's expect more pump before this year ends. Bitcoin will definitely be the talk of the town by 2018.
newbie
Activity: 56
Merit: 0
November 20, 2017, 07:43:42 PM
#32
The reason is simple: Demand is exceeding supply. There is a finite supply, and more people want it. This will continue.
newbie
Activity: 4
Merit: 0
November 20, 2017, 07:33:54 PM
#31
May be whale pump for event 25/11. And it’s will be dump. I think so.
sr. member
Activity: 336
Merit: 250
November 20, 2017, 07:28:16 PM
#30
Bitcoin's price keeps on soaring because the demand keeps on increasing everyday. More and more people wants to have their own bitcoin and businesses are beginning to innovate the use of Bitcoin as a mode of payment. Since Bitcoin has a fixed supply then expect for the price to go high once the demand goes high.
member
Activity: 112
Merit: 10
November 20, 2017, 07:07:38 PM
#29
Increasing bitcoin prices are due to many problems.
Many people have high demand for bitcoin.
Just as its benefits are too great
Especially it is just the virtual price to motivate buyers
I hope my comments can help you Smiley Smiley Smiley
member
Activity: 350
Merit: 15
November 20, 2017, 07:06:23 PM
#28
Wide adoptation of bitcoin is the main reason why it keeps soaring, that price will increase more so i suggest to buy more and hold it for long term.
member
Activity: 186
Merit: 13
November 20, 2017, 07:01:41 PM
#27
Because its going to moon and then mars.  Grin
It deserves to go to 10K mate.
newbie
Activity: 27
Merit: 0
November 20, 2017, 07:00:34 PM
#26
Bitcoin is soaring beacause people around the world are investing on it and supporting it. Bitcoim will continue to grow and grow and sometime in the future if will be the payment for all the expenses.
newbie
Activity: 22
Merit: 0
November 20, 2017, 08:52:45 AM
#25
-It has no tax (all you need is transaction fees which is very low)
-easy to earn but you need to make yourself very patient and hardworking
-it has also no third party interruptions; someone can't freeze your account even the government can't, people choose bitcoin over other jobs

For me, these are the reasons why bitcoin is soaring since people will be choosing Bitcoin which have these advantages rather than working in the offices and the likes.
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