WHY BTC PRICE KEEPS INCREASING - page 2.

BCTBF

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Quote from: kelceyott on August 15, 2017, 12:29:21 AM

Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

Because now people are still keeping it, not too many people want to sell the current bitcoin even though it's at a very high value. Meanwhile, the needs of people continue to increase. So, bitcoin still does not go down.

Because bitcoin is heading for $5000, maybe that's why not so many people are going to sell bitcoin now despite its very high price. I also still hold the bitcoin and it looks like I'll sell it at $4500.

kelceyott

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Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

Because now people are still keeping it, not too many people want to sell the current bitcoin even though it's at a very high value. Meanwhile, the needs of people continue to increase. So, bitcoin still does not go down.

KTChampions

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Quote from: Westfiled on August 14, 2017, 07:16:20 PM

Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

What about the next hardfork of bticoin to implement segwit 2x? That bring s the current hype for bitcoin. But remember the bitcoin cash was nothing right now, the price always get plunged and the more people just want to get the free bucks from sell the bticoin cash. BCC doesn't have the future.

Future BCC depends from people with money, not from analitics. Chines promote it and i think it is tme most underrated cryptocurrency now.

TryNinja

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Quote from: Slow death on August 14, 2017, 03:01:19 PM

I do not understand anything, do you want the price to increase or do you want the price to fall?

He wants Bitcoin cheaper so he can buy more. Isn't that obvious? Roll Eyes

I actually feel the same, and am sad that the price is rising crazy while I don't have more money to buy.

Quote from: Westfiled on August 14, 2017, 07:16:20 PM

What about the next hardfork of bticoin to implement segwit 2x? That bring s the current hype for bitcoin. But remember the bitcoin cash was nothing right now, the price always get plunged and the more people just want to get the free bucks from sell the bticoin cash. BCC doesn't have the future.

There is actually a chance that Core is not following the 2mb blocks part of the agreement, which may lead Bitcoin to a third chain split, where we will have Bitcoin Cash, Core/Segwit Bitcoin and Segwit2x Bitcoin.

This may cause a crash/pump of the same proportion (or even bigger) to Bitcoin's price as we had recently with Bitcoin losing 40% of its value before reaching ATH.

Westfiled

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Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

What about the next hardfork of bticoin to implement segwit 2x? That bring s the current hype for bitcoin. But remember the bitcoin cash was nothing right now, the price always get plunged and the more people just want to get the free bucks from sell the bticoin cash. BCC doesn't have the future.

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Quote from: magneto on August 14, 2017, 04:14:25 AM

People just buy in because they think that price is just going to keep going up(unlikely).

See. That's where you're wrong, kiddo.

Strap on in.

Slow death

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Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

I do not understand anything, do you want the price to increase or do you want the price to fall?

About your idea of the reason for the price increase, I want to add that:

people want bitcoin, this increase the price, already has japan, south korea and many Countries will follow the same path in the future

amacar2

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I think its because of increase in traders confident over bitcoin, there was fear of two bitcoins before august but now it has been cleared that bitcoin cash will remain as minority chain while bitcoin will remain as king of crypto like always.

Many new investors are now buying bitcoin because of high hope of large returns so we might see some correction before price jumps over $5000.

PancherBitCoin

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Quote from: LFC_Bitcoin on August 14, 2017, 12:50:45 PM

And yet, I believe that today is not the best way and the time to buy Bitcoin. As happens almost every year, behind active growth, there always follows the same active decline in the price of the crypto currency. Therefore, in the beginning of autumn, I will still expect a fall. And already then I will buy Bitcoin, because by the end of the year I really expect a huge increase of k5000 dollors for Bitcoin.

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ElitistCA

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Quote from: slackcryptoz on August 14, 2017, 09:17:42 AM

Starting from the days after the panicking August 1st the price keeps increasing to reach a new ATH. The price increase with bitcoin is getting stability and this might move towards $5000 in a short as more people are getting into bitcoin as well the price has crossed $4200.

Yeah, the current price is result correction price in last week of July. After create support line around range $2,500 - $2,700, Bitcoin has prove it is the King and not have any altcoin can replace it Wink

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Quote from: Westfiled on August 14, 2017, 09:51:01 AM

Quote from: cengsuwuei on August 14, 2017, 09:01:11 AM

bitcoin price incraese because in segwit without problem
although split , bitcoin still without problem, duration sending is fast time and sending fee is reduce

because everybody gonna buy the more bitcoin and not want to sell bitcoin, And the already supported by the limited suppl;y of bitcoin itself, but the more people just consider the bitcoin as investment rather than the daily payment.

people buy bitcoin but there are only few people which selling bitcoin, this mean the demand is more bigger than supply and its make unstable balance of bitcoin in the market. new people maybe not know about this but if it is happen in the market, then it is all about supply and demand. if one of this factor is not equal with the other then the price will be change, up and down, depend on which side is affect.

Westfiled

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Quote from: cengsuwuei on August 14, 2017, 09:01:11 AM

bitcoin price incraese because in segwit without problem
although split , bitcoin still without problem, duration sending is fast time and sending fee is reduce

because everybody gonna buy the more bitcoin and not want to sell bitcoin, And the already supported by the limited suppl;y of bitcoin itself, but the more people just consider the bitcoin as investment rather than the daily payment.

slackcryptoz

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Starting from the days after the panicking August 1st the price keeps increasing to reach a new ATH. The price increase with bitcoin is getting stability and this might move towards $5000 in a short as more people are getting into bitcoin as well the price has crossed $4200.

KTChampions

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I think that in past bitcoin was just a buble.
But now enother cryptomoney are bubles.
And now bitcoin is not buble because it is the instrument тo inflate another bubles.

Paradox but it works.

bryant.coleman

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The current price increase seems to be a result of the interest from Japanese institutional investors. We need to remember that it is not easy for the institutional investors to purchase Bitcoins. It is not available in the stock markets and therefore the investors need to purchase BTC from the less reliable crypto-exchanges, which can present new legal challenges for them.

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bitcoin price incraese because in segwit without problem
although split , bitcoin still without problem, duration sending is fast time and sending fee is reduce

magneto

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Quote from: sieemma on August 13, 2017, 12:40:58 PM

I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

It's not just people dumping BCC alone. Because BCC has actually been increasing alongside with the bitcoin price increase over the past few days(trend stopped today i think though since BCC hasn't gone up today).

I believe that it's a combination of people's optimism because they hear that Segwit is going to get activated very soon and they anticipate a pump, and therefore a lot of people are buying in; but also just pure speculation. People just buy in because they think that price is just going to keep going up(unlikely).

I would expect some adjustment soon, though. That would present a great opportunity to buy in.

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Quote from: Carlsen on August 14, 2017, 03:20:28 AM

The price is increasing because the price is increasing.
Nobody is selling anymore, while more and more people are attracted to bitcoin.
Some call it a bubble, some natural growth.
What exactly we are dealing with right now, only time will tell.

Yeah there isn't probably not just one reason why Bitcoin is moving up. It's likely a good handful of factors.
What is way more exciting is that we are holding the $4000 pretty good so far. We went up to 4100+ and now are sliding the 4k and again see some slight uwards movement.
Will be interesting to watch if we go south a bit, maybe a dip of a few hundred dollars, or if there is enough steam to continue moving upwards. Right now it looks like people don't want to get rid off their coins for USD,€, CNY etc.
This phenomenon of hodling BTC will increase even more with the coming years as we see it already happening.

Carlsen

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The price is increasing because the price is increasing.
Nobody is selling anymore, while more and more people are attracted to bitcoin.
Some call it a bubble, some natural growth.
What exactly we are dealing with right now, only time will tell.

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