Bitcoin Forum

Anyone??

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.

It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.

Do your research it is not that hard. Basically current high price is combination of many factors: approaching halving, potential economic instability of European Union (Brexit).
Chinese speculators, unfavorable US economic forecasts and overall lack recent bad news surrounding bitcoin. Investors are generally start  to notice bitcoin's potential as investment etc.

i do agree with you may be this is one of the factor that make bitcoin prices getting high now and also i have one possibility too and i guess we are pretty near to the halving and most people still buying bitcoin for holding because people expect that after halving the prices will be more higher that now

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.

Id have to disagree with the dao hack affecting bitcoin price. Were still around the same price before the dao even had the hack, The price rise just seems to be from speculation for the upcoming halving. If anything a few very rich chinese whales are manipulating the price higher because they know everyone is expecting this hike due to the halving. My only concerns would be if these whales decide to dump or not.

obviously upcoming halving id the cause

Dao is another coin and it is far from concern with bitcoin they dont have connection so by that it cannot effect on bitcoins price so we.can see more price rising for bitcoins because many people are still bagging up and hoard some bitcoin because halving is almost near to be happen and still we can earn for more with this.

People are basically betting their money that the halving will reinforce BTC value and cause it to gradually go up in the mid to long term. I imagine a lot of people are also getting dragged along by the hype train. People don't want to be left behind in case the rocket goes all the way to the moon this time around  :)

The price of Bitcoin is going up due to different reasons. Such reasons might be for example the general hype of the upcoming halving, the Chinese investors moving their wealth out of China due to the falling value of the yuan and exchanging a lot of money into Bitcoin, speculators selling their alt coin investments and buying back into Bitcoin in order to profit from the price hike that has been going on etc. I think there are a lot of factors that add up in increasing the price and it's not easy to narrow it down just to the upcoming halving. People need to hold onto their coins otherwise the market will get saturated and the price will start to plummet when they start selling.

Like everything the price of Bitcoin is ricing due to more demand. The demand for these rare currency is generated by rarity and people wanting an online currency or a way of advertising.

It has to be due to the halving coming up very soon and i think just overall good feeling about bitcoins future.

Because Bitcoin is genius, of course

The chinese are taking over the control of bitcoin and buying millions of dollars worth bitcoin.

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. ;)

Because of devaluation of chinese yuan.
Chinese attacked bitcoin so prices jumped so high.

It's because halving that bitcoin prices rise and honestly I sometimes wonder why bitcoin prices can rise suddenly.

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.

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.

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's the halving, it's speculation about the halving, it's investors buying in to have money in bitcoin for the next halving, it's people buying Bitcoin because of politics and international events, it's a huge combination of things that's driving the value up, and not really a specific thing.

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.

There are now many Chinese people that is using some Bitcoin and that is really nice because you can now indeed see that the value of Bitcoin started to rise and that is perfect for the people who already have Bitcoin.
But it will be hard to know what is going to happen with Bitcoin itself and that is the most risky thing of it.

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.

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.

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.

It is arguable too that the price is being manipulated by this big Chinese investors that taking the chance to profit with the halving event hype.

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.

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.

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.

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.