Why bitcoin so fast this year！！11000dollars！！so amazing！！ - page 2.

Yaunfitda

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Quote from: ferri2017 on December 04, 2017, 11:23:22 PM

Does anyone control it?

LOL. Bitcoin is decentralized and no one controls it. And yes the price go up dramatically in the last couple of days. And now its even higher and trading above $13K. Isn't it great?

What drove this price is the basic supply and demand. Is the demand is huge and the supply is limited prices go up now only in bitcoin but in other commodities as well. So where are the demand coming from specially today? The answer:

>>Bitcoin futures contracts

A lot of financial institutions such as CBOE, CME and Nasdaq and offering it to their clients. This news drove institutional investors to buy more bitcoin in anticipation of this kind of offers.

>>Bitcoin is now becoming more popular

It has now becoming popular and widely known around the world. People are getting bitcoin because it serves as a store of wealth specially if you are going to hold it for long term. So there's a lot of visibility for bitcoin pushing the price to new levels and gains this year alone.

CaptainKid

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Quote from: CryptoDEATH99 on December 06, 2017, 03:51:04 PM

Quote from: Keptone on December 04, 2017, 11:26:46 PM

Demands against supplies control the prices of BTC

and govs

And how does the government control the price of BTC Huh

Or do you mean it can be a separate country? Just at the moment, the units of states that take bitcoin and somehow try to influence it.

CryptoDEATH99

newbie

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Quote from: Keptone on December 04, 2017, 11:26:46 PM

Demands against supplies control the prices of BTC

and govs

kellysam

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More adoption increasing the demand for it

GrandBcn

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I think that such a big price of bitcoin is a personal game of whales and newcomers who have just entered the market. The popularity of bitcoin grows, so does demand and price increase.

carefumles

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Quote from: ferri2017 on December 04, 2017, 11:23:22 PM

Does anyone control it?

Demand and many forks make bitcoin growth.

to be honest most of economics not think price will be huge like that.

BitcoinLoan

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Bitcoin are growing because its popular is bigger with every day. I think in near future its price achieve 15000 dollars. I have big hope

limmousine

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No one can control bitcoin, this price increase is due to increased demand for bitcoin and I'm sure this upward trend will continue. I hope in future 1 btc = 1 lambo Cheesy

EtherATM

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Quote from: ferri2017 on December 04, 2017, 11:23:22 PM

Does anyone control it?

For me, it’s not surprised . You know , In bitcoin investment ,we can’t predict anything previously and exactly. And sometimes you can get lucky from it. Bitcoin is increasing very fast in 2017 because of the spread of bitcoin to many people who saw great technology of bitcoin and its usefulness in the future.I think Nothing can control bitcoin up and down because bitcoin market cap is too large (over 200 billions dollars). If you want to control bitcoin up or down you need have billions dollars.

helin9108

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ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018

Its not surprise for me bitcoin $11000 even I believe bitcoin will touch 12000-12500$ till 31 December 2017, because now a days most of the online sites agree to use bitcoin as a digital currency, in October we heard that the world's biggest online shopping site Amazon is thinking to add bitcoin for payment gateway , if this happen you can see bitcoin price 15000$ in april-2018, bitcoin's demand is increasing day by day.so I dont see any dumpin bitcoin at this level.

jazmuzika217

member

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Dude its the law of supplies and demands. The more people know about BTC the pricy it gets. Rising of bitcoin price signifies that many of us are using BTC. So we better invest now than it is too late. Theres a speculation that the price of BTC will rise up to $1,000,000 each. But I think thats far from now.

kiver

full member

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like i always say and i will never stop saying this maybe someone will hear my voice someday i hope people could benefit more from this technology not just walkthrough it for the money bitcoin deserve more than it's current value people are trying to keep their money in bitcoins some for profit some keeping it like gold and the few others using it a what it meant to be a currency

Amalker

sr. member

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The biggest owners of China mining pools is playing their game and when time will come BTC price blowing up.

giveen

hero member

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It's not completely controlled but this increase seems like a pump or in other words a bubble which can blast any moment.

There is no doubt that currently the demand for btc is really high even of the price fell it wouldn't take time to recover but if you check the news many are saying people like morgan and few other investors are the ones who are pumping the price this high.

Nevertheless the higher the price the better it is for us and as he said demand controls the price well currently demand is at it's toppest level.

Keptone

full member

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Demands against supplies control the prices of BTC

ferri2017

newbie

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Does anyone control it?

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