Bitcoin Forum

I try to find out why the price of Bitcoin is mounted over 100$ in a few days, what is the reason? it still go up in the coming days? What will be the consequences of this?

The reason the price of bitcoin is because it is a supply/demand market. Recently, there is more demand than supply, which pushes the price of the sell orders up, since not enough people are selling at that price. The reason there is more demand could be that people are buying to try and make some profit after the halving, or it could be that after the price went up a bit, people thought it was going to rise more, so others bought bitcoin as well. No one knows for sure if it will keep going up. We can only speculate on that. I don't think this would have any consequences really.

Thank you for your reply, I already know relationship between supply and demand, but why now? Halving will be when? I think that it happened only once in the past, right?

I think one reason  why bitcoin's price is rising is because of its demand.Bitcoin demands became higher and higher because many people is hoarding bitcoins for halving.Supply and demand is the main reason why bitcoins price rises.Higher demand higher sell order and higher buy order pushing its price up

Yes hes right men the more the demands the more bitcoins price well soar high and thats the effect happening now since many people are intended to hoard and to buy and the after effect of it is the bursing of price per btc and surely it will go up fore more than we expected since many people stillbdoing hoard and have positive minds about this halving event come,

explicitly.

however the people who attempts to monopolize the bitcoin might result in major loss, because there are possibility of decreased demand of bitcoin, you know bitcoin is being bumped badly by those pump. that's why you are not all the way recommended to buy bitcoins at this moment.

the $100 rise was not in a few days but it was short anyways.
the rise was about to happen because of the increasing demand (for whatever reason), but the price was being kept down with a lot of dumps and putting up big sell walls to prevent it. so when the accumulation phase of whales ended they stopped it and the price went up.

well probably there's a port of ethers code to btc smart contract project

btc blockchain now can do what eth does more securely and more nodes

Industrial miners might've stopped selling when KnC went bankrupt, and may be buying with fiat reserves to try to jump start some kind of halving mania...

Let's see how it works out.

It's China.

The Communist gov't there decided to devalue Yuan, the Chinese currency. Naturally, the Chinese citizens don't want to hold a currency that's losing value day by day, so they're buying dollars, gold and bitcoins.

If someone's telling you otherwise, they're blowing smoke up your arse.

The rise is because of the halving nearby. the Halving is on July 11 and the price will continue to increase till that time. I think this is the major factor for people not selling the coins now and price rising tremendously.

why not rise?
it is time to rise, the demand for bitcoin has been growing for a long time and the should have been surprised about why the price hasn't risen so far. it is already late for the rise and it should go high much more than this.


Chinese have always been buying bitcoin from the start and they have also been very active in all the crypto currency markets like litecoin. this is nothing new.

p.s. i am still waiting for the $100 drop that you predicted haha

Lots of people buying bitcoins now a days then surely prices will go up.

Because many people intended to buy rather than selling their coins and the more d demand the more price will kick up, thats totally the effect of this halving event since many people are holding and speculating to this event will be the profitable time to be stake with, and surely we can see more price up since halving is far away from now and maybe it will reach to 1k$ in july.

The Bitcoin price is still rising and I think that it will continue to rise until the halving is coming. I do not know what is going to happen after the halving
but I am sure that the price will not be to bad.

With the correct starting, it's hard to expect anything.
Will the price go down more or stabilize near 670. Suppose we see the price retract to 500 dollar, it may take months to see another 770 dollar price again, maybe even years.