Bitcoin prices are rising high because everybody is selling coins and buying coins if there is allot of ask for the coin the price will rise if it is not the price will drop
it is the same as other products that has a unstable value.
Topic: Why bitcoin price is getting high?? (Read 1482 times)
It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
IF the price dropped then it's not because of what you called halving hype. Because if there's really a hype then the price should continue to rise, maybe there's something else that causing the price to fall down. We will have to wait and see what is going to happen.
It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
We will have to wait and see what is going to happen.
Yeah it was getting high in past few weeks and now price has started to drop again and now its really confusing to understand that what will be the price at halving.
It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
We will have to wait and see what is going to happen.
There are a lot of reasons why the price keeps increasing, one of them because of the demand from Chinese wanting to preserve the value of their money because of yuan's devaluation and the slowing down of their economy. Another speculation and not to be dismissed is the upcoming halving this July, anthough it is not sure to bring up prices even further.
I haven't thought about the devaluation that Chinese gonna have. It really makes more sense than anything. That may be the main reason of this big rise.
I always thought that hype is the reason but i had doubts. But Chinese could have chosen USD rather than Bitcoin, why haven't they? Or did they?
Its now getting pretty high because of the halving that is coming closer and the Chinese people are buying a lot of bitcoins these days.
They are thinking its economical good to buy them and they are partly right.
They are thinking its economical good to buy them and they are partly right.
There are a lot of reasons why the price keeps increasing, one of them because of the demand from Chinese wanting to preserve the value of their money because of yuan's devaluation and the slowing down of their economy. Another speculation and not to be dismissed is the upcoming halving this July, anthough it is not sure to bring up prices even further.
I haven't thought about the devaluation that Chinese gonna have. It really makes more sense than anything. That may be the main reason of this big rise.
I always thought that hype is the reason but i had doubts. But Chinese could have chosen USD rather than Bitcoin, why haven't they? Or did they?
Anyone??
I think that the Bitcoin price is getting high because of the halving coming soon, this way they let the price climb because after the halving it will be allot harder to earn Bitcoins. So by letting the price go up it somewhat compensates it.
Anyone??
It is because of the halving event and being followed up by people's hype in buying bitcoin, I just want to add the chinese investors too investing in bitcoin with their big capitals. Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc.We who uses bitcoin can make the price increase just by holding it for a long time.
The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain.
It will definitely be more scarce and the investors will have to pay more for the miners to cover their costs, but that cost will double in four years, and double again in another four, and so on and so forth.
But it will be hard to know what is going to happen with Bitcoin itself and that is the most risky thing of it.
Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc.We who uses bitcoin can make the price increase just by holding it for a long time.
The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain.
It will definitely be more scarce and the investors will have to pay more for the miners to cover their costs, but that cost will double in four years, and double again in another four, and so on and so forth.
Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc.We who uses bitcoin can make the price increase just by holding it for a long time.
The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain.
Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc.We who uses bitcoin can make the price increase just by holding it for a long time.
It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
all due resped this is bullshit
DAO was hacked recently (i heard about it less than 24 hours ago) and bitcoin price has been going up for much longer than 24 hours.
it has started a long time ago, you can see the origin of the rise on any chart that represents bitcoin and has history.
also people have been dumping their DAO+ETH for much longer than this to get bitcoin.
It has to be due to the halving coming up very soon and i think just overall good feeling about bitcoins future.
People see the history and decide the future. Last time at halving price was reached $1000 so everyone is hoping for the same this time also. and the current price of bitcoins also indicates that we shall be touching new high price this halving.
It's because halving that bitcoin prices rise and honestly I sometimes wonder why bitcoin prices can rise suddenly.
Because of devaluation of chinese yuan.
Chinese attacked bitcoin so prices jumped so high.
Chinese attacked bitcoin so prices jumped so high.
For any goods or currency, the price fluctuation basically depends on the demand-supply mechanism. If the demand is more and the supply is limited, the price will be bound to increase and vise versa.
From last two weeks, the bitcoin is receiving a lot of buying orders specially from China. Chinese people are using bitcoin to send money out of the country as Central bank of china is manipulating and decreasing the price of Yuan.
These sudden increase in demand has increased bitcoin price as well as halving fueled it.
From last two weeks, the bitcoin is receiving a lot of buying orders specially from China. Chinese people are using bitcoin to send money out of the country as Central bank of china is manipulating and decreasing the price of Yuan.
These sudden increase in demand has increased bitcoin price as well as halving fueled it.
I agree. China has been trying to manipulate the market clubbed with the bitcoin halving, bitcoin prices were bound to rise, but I believe there would be a huge depression in the prices sooner than we expect.
The chinese are taking over the control of bitcoin and buying millions of dollars worth bitcoin.
Because Bitcoin is genius, of course
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