Bitcoin Forum

Hi guys, I am curious why BTC price goes up dramatically after what happenned last August 1.

Most likely there were lots of potential investors around the world who were woried about August 1st, BIP 148, Bitcoin Cash, BTC-e, Poloniex, Alphabay... the list goes on. I think since most of this stuff is now resolved, people are more willing to invest hence why the price is skyrocketing right now. It is the only explanation.

Otherwise, it is possible some big billionaire whale decided to invest a fortune into Bitcoin in which case it could easily affect the global market. Considering the market cap is still only ~50,000,000,000 - a single multi-billionaire can influence the price by 2-3% easily.

In my opinion Bitcoin Cash just selling now and mostly all buying immediately BTC :)
And not only BTC but altcoins also!  ::)

Well i guess that everything is setteling down. Now that 1st of August has passed and new protocols has been implemented, with no problem so far people has started investing in bitcoin again. I guess we have to get use to thing like this, at least for short time. Price will go even more up.

There is a relatively high chance that the reason why there was such a substantial rise in the value of Bitcoin is because of the fork finally going through, and the full potential of bitcoin being allowed to shine within the network; since we now have lower fees and smaller queues for transactions, at least according to my knowledge since there are only now 3k-4k unconfirmed transactions compared to the tens of thousands of unconfirmed transactions we had going for a decent amount of time not that long ago. Likely a lot of investors saw it as a great time to get involved (as there would be suspected increased demand) and that resulted in the price going up quite rapidly. None of this was really unexpected.

Before entrance aug we can see in this forum there are many threads discuss about bitcoin price after 1 aug and all goes as expected even exceeds what i imagine before. I'm sure bitcoin price increase is because big investors are investing in bitcoins very well, but I'm also not sure exactly what causes bitcoin prices increasing very well. I'm not so surprised by this increase, because I've been very convinced before.

If wee see the price of bitcoin it range 3100 to 3200 dollars. I think why bitcoini increasing because those people have doubt in their mind before august 1 they can buy more bitcoin or they bought bitcoin because august1 is done. I bought bitcoin in august2 because that date is very safe to invest and I think it will increase more in this week and possible to reach 3500 dollars so invest now.

More people are getting their BCC and now i it easier to sell it. Most of crypto i traded in pair to BTC most oportunities are ingluencing BTC price. Also the  general situation is settled down and people are coming back from fiat.

After August 1 fork have finished, bitcoin had regain its stability and more bitcoin investors are coming. One factor why it rises is because of big investment and the popularity of bitcoin is going crazy.  Another possible reason is that, many are selling bitcoins. Basically, if the reason would be like that, we can expect the crash of value in the next month. But on the other hand, we can still put our trust with bitcoin in all the money we have invested. Just be wise on handling and managing your earning, save and invest more but be ready to tale the risk.

The price increase happening with bitcoin is not that a dramatical growth. What's happening with bitcoin is purely the normal growth. Fluctuation with bitcoin happens often and the same when goes in larger scale the growth in the value of bitcoin will be big. Now users feel the fall of bitcoin cash as a reason for bitcoin's growth.

Price had dropped from $3000 previously just because of panic in the market due to hype about possible hardfork on 1st august. But till now bitcoincash (forked coin) haven't got support from majority of miners and already dying, so now there is only one bitcoin with bright future that's why bitcoin price is pumping hard and also actual date of segwit activation is just few days add that might be another reason for the current pump.

One question I will ask you first is this - “why did BTC price go down dramatically before August 1st?”...that was because people were scared right? And that made most of them to cash out their invested money. Then, surprisingly, August 1st came, and SegWit took place.

Instead of it to be the fall of bitcoin, it made it more stable. Now the answer to your question is this - “people have been convinced, and they've seen how far bitcoin is going, so everyone is jumping into the train now, they can't afford to lose this opportunity”.

It obvious to everyone that the price will climb up because even towards the days and hours build up to August 1 there is already a potential that price was showing and this can be a attached to the increase confidence returning to the crypto-space with even people who were able to sell their BCC still push their earnings into bitcoin.

Because of the sudden fall of bitcoin cash, bitcoin surges to go up again. Panic selling in bitcoin cash creates a way for bitcoin to reached another ATH, but i think there will be another Ath next month.

Feels like last couple of weeks went pretty much bearish, so bitcoin suddenly entered bull phase. I am sure fork affected it by lot.

Before Bitcoin price goes up dramatically a day after 1 august,
you should know right,Bitcoin price goes down dramatically a few days before 1 august.
that mean before splitting many people panicked and sold all of their Bitcoin into fiat because they're afraid of chain split.
and after chain split they're reliazed it that they're doing a mistake and FOMO'ed it.
i am absolutely sure many people regret their choice that day,because they missed an airdrop and they know buy it in high price.

so,one of the reason BTC price goes up dramatically because the dumpage that happened before 1 august,
and other than that the activating of segwit in the few days later

Not sure why you think BTC price went up dramatically. It grow fro like 15% in 7 days.  what is here dramatically? It happened many times in last year. I am sure there was at least 10 such weeks or even more.  That is what Bitcoin does. It goes up and it goes down. People are trading but there is just not enough people using it to make price more stable.

More people were afraid and worried about august 1 since it was already said that hard fork would happen and bitcoin price would crash.So they just waited to see what happens and then to decide whether to invest or not.But bitcoin performed very well and its price didn't crash.So they all immediately started to buy more bitcoins which created a great demand for bitcoins and increased its price.

It does look like it gets big pumps, don't know if they are all 100% "natural"..

The overall trend at the big picture was bullish.
So the FUD around the hardfork was a super opportunity to entry the market or accumulate more.It was the perfect dip when you look at the weekly chart!!!
Tomorrow SegWit gets locked and I think we will continue the bull run for a few more weeks before the 2x guys start sprading bs again.However I believe the hardfok won't happen and we will continue with 1MB blocksize for at least 2-3 more years.

It is not really dramatically the key word for this kind of an increase, because surely bitcoin is doing this in a very long time now and some are really expecting this to happen because of the activation but the real thing about this is, this is bitcoin we are talking about and sometime bitcoin has climbing up in an unexpected way!

It was very much expected, right? I had already posted that if nothing disastrous happens on August 1, then the prices may climb to $5,000 per coin by the end of this year. Already it has touched the $3,400 mark. May be there will be another correction. After that, it is the race towards $5,000.

If new investor in next time interested cryptocurrency market and Bitcoin, the price of Bitcoin don't stop increasing at target $5,000, it can reach to $10,000 is possible because by the FOMO on market and most speculator are want buy Bitcoin ;)

The price spike could likely be due to a number of reasons combined. FOMO would be one major reason. There were people sitting on the sidelines unsure of jumping into the game because of the uncertainty surrounding the August 1 event. Now that they see there have been no negative outcome on price, they are diving in before they get left behind. Then there those who panic sold pre- August 1 who are now panic re-buying in.

 There are several reasons to give to the increase we have witnessed in this past few days and still witnessing currently and every thing still sum up to the confidence that users and the community still have in bitcoin which is unwavering even in the advent of several challenges that is throwing up every now and then. But for me, I wont be too relaxed so also the entire community because there are still factors outside the crpto-world that might spring up and declare war in the coming days.

It is because of this new coin bitcoin cash many people saw bitcoin cash going to 500 and their may have thought this happens always so they started holding bitcoin and are waiting for the split to happen so that they can also get free money like bitcoin cash

Dumping of bitcoin cash is one reason. It is free money and people are converting it to bitcoin thus pushing the price up. Another factor is the activation of segwit. People might be buying bitcoin in anticipation of the price increase due to segwit being activated. It is just good time to have bitcoin.