Topic: Why has the Bitcoin cost risen so quick over the most recent 3 weeks? (Read 455 times)
August 25, 2018, 06:58:07 PM
That's true , Bitcoin prices keep fluctuating every now and then and the reasons are also quite uncertain and unpredictable. However, I think it must have been the market manipulation to start, and the SEC decision to continue the hype, and also since a lot of people are interested in investing on Bitcoin, the prices doesn't seem to go lower in any time soon.
August 26, 2018, 02:41:00 PM
It must be the overhyped ETF that the crypto community was talking about, a lot of people are jumping the hype fomo of the ETF without knowing the bitcoin ETF first, they are just saying if that approves the price will rocket then the rejection of the request comes then the delay for the SEC decision, present price speaks for that occurrences, it suddenly declines after the rejection back to 6k.
August 26, 2018, 10:31:44 AM
Why has the bitcoin cost risen so quick over the most recent three weeks? It's difficult to state without a doubt since bitcoin is so unpredictable. According to you, what is the main reason for the sudden rise in the Bitcoin price?
There was a huge expectation by the crypto community about the ETF approval or rejection. People have been waiting for months now for another rise in the price, it has been 8 months since we got into this bear run and we are still considerably away from the ATH for not just bitcoin but for all the crypto out there, people are waiting for something to change that.ETF has been that thing where people believe if ETF got accepted than the huge big bull run of crypto will come back and fix all of this bear run and make a profit finally after months of well basically nothing. Hence I think there was so much hype that it kinda indirectly effected bitcoin as well.
August 25, 2018, 10:45:53 PM
Whatever maybe the reason but now the prices were falling again to the stage where it was before three weeks,so which is just a temporary bump maybe mnipulated or just hyped because or ETF approval.Maybe the prices will still swings lot in the coming weeks since there are three ETF approval is still pending.
Now it is as stable as it was. Only thing is not high. However, it is sustainable and developed. The community has nothing to be afraid of. Invest in peace of mind. August 25, 2018, 07:10:01 PM
July 18th saw a plummeting rise for Bitcoin price as it had reached to $7k mark after 30 days. So, there was worldwide excitement, when it started soaring high to even touch the $8,000 mark on July 25th, which completely led to market optimism. After that, from the beginning of August, it again came down to touch the $6K mark, which created disappointment amongst the crypto folks.
In this time frame the bitcoin price raised due to SEC result of including ETF bitcoin and which resulted as postponed to time frame. So as market raised and it also plunged back to the old price and now back it is moving up and down due to same FUD of SEC result. Last year same fud created market crash of 20% and then it jumped back very high, hope that we can see same result this year also. So September market price is very crucial to judge this year ending price fate.
August 21, 2018, 05:49:36 AM
Quote
July 18th saw a plummeting rise for Bitcoin price as it had reached to $7k mark after 30 days. So, there was worldwide excitement, when it started soaring high to even touch the $8,000 mark on July 25th, which completely led to market optimism. After that, from the beginning of August, it again came down to touch the $6K mark, which created disappointment amongst the crypto folks.
2018 is going to experience bumpy rides as this is the year of price fluctuations. The last quarter of this year will experience an incredible exponential rise around $10,000 to $15,000. Bitcoin price prediction suggests that the Bitcoin price is forecasted to stand at $ 50044.6 in the year 2023.
2018 is going to experience bumpy rides as this is the year of price fluctuations. The last quarter of this year will experience an incredible exponential rise around $10,000 to $15,000. Bitcoin price prediction suggests that the Bitcoin price is forecasted to stand at $ 50044.6 in the year 2023.
Check out the Bitcoin price prediction for the next 5 years- https://coinswitch.co/news/bitcoin-price-prediction-2018-btc-price-may-touch-15611-usd-in-2018
August 06, 2018, 09:48:46 AM
Whatever maybe the reason but now the prices were falling again to the stage where it was before three weeks,so which is just a temporary bump maybe mnipulated or just hyped because or ETF approval.Maybe the prices will still swings lot in the coming weeks since there are three ETF approval is still pending.
August 06, 2018, 08:49:11 AM
bitcoin is now a great investment option. Every bitcoin production need electricity and more computation power. Due to it’s high demand and low supply leads it to price hike. 
Yes that can be a reason and I think that with the increasing population of bitcoin users, the demand of bitcoin will increase because of the limited supply and therefore the price of bitcoin will also continue to increase and will hopefully become skyrocket in next few years. Well looking in the long run, that's likely what will happen. Though i think there's still a lot of things that can happen between now and then. People's speculation bases on what's currently happening affects the movement of btc. Like for the etf hearing this aug 10th. We may see another trend change here depending on whether that is approved or declined.
August 06, 2018, 04:14:15 AM
bitcoin is now a great investment option. Every bitcoin production need electricity and more computation power. Due to it’s high demand and low supply leads it to price hike.
Yes that can be a reason and I think that with the increasing population of bitcoin users, the demand of bitcoin will increase because of the limited supply and therefore the price of bitcoin will also continue to increase and will hopefully become skyrocket in next few years. August 06, 2018, 02:47:13 AM
the main news today is the approval of the ETF, and the closer the landmark event, the more it is discussed
August 04, 2018, 04:26:30 PM
First of all, Bitcoin is highly volatile asset which is why it's price fluctuates like this. However, the recent news of SEC delaying ETF's hearings has played a great role in the latest rise in Bitcoin price so fast. Positive news like these always affects the price of a coin in market. Which is good for every crypto enthusiast.
August 04, 2018, 03:50:30 PM
According to me, the news regarding SEC's decision on ETF has played a big role in increasing the demand for BTC. There are still more hearings lined up in the future which might cause another pump in price. If ETF gets approved anyhow Bitcoin's price might skyrocket again like last time.
August 03, 2018, 11:49:11 AM
Prices have fallen so much that the market has rebounded so much that they have risen so much in a few weeks, but the chances of more in the short term are slim.
August 03, 2018, 07:06:31 AM
Why has the bitcoin cost risen so quick over the most recent three weeks? It's difficult to state without a doubt since bitcoin is so unpredictable. According to you, what is the main reason for the sudden rise in the Bitcoin price?
It rises so quickly over the recent 3 weeks, it also goes down in 1 day. Bitcoin is something that is insanely volatile and you will never know when it will go up or down because there are people who do sudden moves and sudden buys or sells that will affect the market and in the end the result will be people seeing those moves as market movement and react accordingly and in the end you just get a huge sudden movement just because someone sold some coins.It has chain reaction effect just like when you drop a water droplet into an ocean it creates a wave of ... well small waves, when someone does something others react to it and it gets a lot bigger like snowball going down.
August 02, 2018, 05:41:48 PM
bitcoin is now a great investment option. Every bitcoin production need electricity and more computation power. Due to it’s high demand and low supply leads it to price hike.
August 02, 2018, 05:34:08 PM
I think BTC is limited around ± 21 million coins. There are so much population get into btc’s space,so higher the price goes. Investment into btc companies is around one billion in last few years .
August 02, 2018, 05:32:35 PM
One of the factor for its increasing cost is supply and demand factor. Supply is limited against huge number of population. Beside that it can’t controlled by the country , bank or company.
August 02, 2018, 05:25:24 PM
it’s a little bit hard to say since it’s unpredictable but there are some factores behind it’s boom. its demand is increasing day by day and becoming the currency of next generation. Thats why its cost risen so quick.
its demand is increasing day by day and becoming the currency of next generation. Thats why its cost risen so quick. August 02, 2018, 05:15:54 PM
My opinion is, 
there are few causes behind it like, limited supply, non reversible and secure, large and growing number of companies take btc in exchange of products and so on. 
there are few causes behind it like, limited supply, non reversible and secure, large and growing number of companies take btc in exchange of products and so on. August 02, 2018, 02:15:44 PM
The crypto world is totally unpredictable. As whales are more active so the bitcoin price has increased. Another factor that helped to bring in more investors in crypto is the amount of attention gathered from media.
Jump to: