Bitcoin Forum

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

There can be several reasons for this and few of them according to my opinion are ;
1. No panic of 2 bitcoins.
2. New investors investing in bitcoin after seeing a huge pump on price.
3. Some whales manipulating price artificially to pull out profit when it will be at peak.
4. Many people buying bitcoin with their altcoins to ride on current bull run.

Price can't keep increasing like this so I am expecting a correction soon.

Because people all over the world are starting to see it for what it is. A valuable rare asset that can be used to transmit value anywhere almost instantly. This kind of technology has never existed before so the first accepted one is probably going to get pretty huge. It has momentum and growing adoption which is always a good thing. Also the fear is gone from the fork and markets hate fear, so this is just releasing all that pent up demand.

Bitcoin is the best idea in finance in a century. People are starting to figure that out.

Bitcoin has constantly increasing its price lately maybe because there were increase in demand. Many countries are starting to adapt it and legalize it one by one and maybe there are more investors on Bitcoin because they see that it has a big potebtial to be the universal currency.

Almost everyone feared the August 1 fork and fortunately, it turned out to be a bust in the market. Right now, more people are confidently investing bitcoins and the demand increased across the countries. Not to mention, some even legalized the usage of bitcoins and even accepted it as a form of payment. Another thing, its reputation is increasing everyday and more people are beginning to realize its existence which results to attracting new investors.

Because now more and more people are already familiar with bitcoin, and they are beginning to realize that bitcoin will be very valuable in the next 5-10 years, and many big investors are starting to invest in bitcoin.

I think there are several reasons why Bitcoin is rising generally. There are many geopolitical and economic reasons lying underneath such as rising debt levels in some of the prominent economies around the world, rate hike by the Federal Reserve and, to some extent, exhausted monetary policy options available with central banks. Russia and China are accepting Bitcoin as an alternative to the USD. Generally I see a bright future for cryptocurriencies.
Btw. I'm new here.  :D I am looking forward to have some interesting discussions.  8)

I think that the price is going up because the whales bought a lot of coins during the July panic for around $ 2000. Now they have removed from the market the coins, raised the prices and are selling them. Once the demand has decreased or they will be over the limit again they'll drop the price.

Yes I think it can easily cross that level by end of this august and might be over $10k by end of this year. Demand for bitcoin as a safe investment asset has increased sharply in recent months and also high speculation about segwit activation have fueled the current massive bull run.

I am also curious. At first it was the August 1 effect. BCH airdrop converting into BTC that push the price up. Then it was segwit locking in that continues the push. But I do not know what keeps the price going up now. Maybe it is the effect of the hype of the two events that keeps pushing it. I do not know if it reach 5000$ but it does not yet break the resistance of 4300$ so I think it will take some more time before it reaches 5k.

Japan and South Korea has the major global market for the bitcoins. Investors from Japan and South Korea are the main reason behind the global rise of the bitcoins. Mainly retail investors have shown their faith in bitcoins and these new buyers are seeing the bitcoin as a alternative asset much like gold. Yes, there is a strong possibility for bitcoins to reach $5000 in coming months.

As far as i know bitcoin is limited. With this we can imply that as its number decrease it will increase in value. Since today more and more investors come to bitcoin and many more are being involved. Those who invest and become involve will, for sure, have their own bitcoin thus decreasing the number of bitcoins. But within a month with $5000 is I can say not so sure because we reached $4300 but suddenly go down again for about $4000. The inconsistency of its value makes it hard to predict.

The levels of awareness about Bitcoin have increased significantly, due to extensive coverage in the media and many other things. People all over the world are choosing Bitcoin as an interesting investment opportunity, the demand is great, that's why the price is increasing

Bitcoin is beginning to become more popular, more people are joining it, making transactions and thereby increasing the price of bitcoin. It's great that there is no bad news and it can constantly grow up.

In summary, the fork gave most of the holders a free money that came from it's splitted coin, the bitcoin cash. And majority aren't going to support this coin so everyone is selling this and after getting profit. The bitcoin's that came from selling will be used for buying bitcoin as everyone's mindset is to keep on buying while there's time.

There are so many varied reasons for this sudden surge of Bitcoin's value but all of these things have been predicted to come right after the SegWit implementation because the scaling debate is already ending and we already have the picture of what can happen if there will be that future split. Bitcoin then became more robust and energetic.

Before August 1, there was this deluge of so many ideas, opinions, lies and hypes that were predicting a very dire scenario for Bitcoin...some were even suggesting that we can lost our Bitcoin especially if they are just left in the exchange...what happened is the opposite and in fact I glad I did not listen to those baseless speculations.

Agree with you. Bitcoin was dropping to 2000$ only because of speculation, that everything will be ruined due to BCH. Everything changes when BCH released and people start buying bitcoins again, you can also check that a market cap has increased significantly.

I think the major reason for increase in bitcoins price is, institutional and retail investors are trading in bitcoins, especially in Japan, since bitcoin being legal gives these investors the opportunity to trade in a regulated environment. GMO, Japan's largest forex market had launched a bitcoin exchange couple of months ago, targeting retail investors in their day trading platform to trade in bitcoins.

ICOs definitely boosts bitcoins and ETH price. Filecoin ICO raised $252 million.

Segwit.

US-North Korea tension might be a small factor.

Segwit was quite expected by bitcoin holders to solve the high fee transaction problem.Bitcoin network was suffering before one month due to thousands of transactions stuck.Some predicted that bitcoin price may even crash due to hard fork.So,more people were not ready to invest in buying new bitcoins and they took the stand to just wait and watch.Thats why bitcoin price was low until august 1 and aftre that all of a sudden,bitcoin price began to skyrocket since buyers once again got more confidence that bitcoin is a ever increasing coin.As they all started to buy at sma time,bitcoin price almost doubled of its previous price of last month.

the reason why the price of the bitcoin is continuing to rise up is because of the demand of the people.

Why only recently? Every year since its founding, the bitcoin rises in price. Price spikes constantly with bitcoin, but that's because it is not subject to any controllers and it shows the level of demand at the moment. The higher bitcoin price the more will be the changes in prices in dollars. It is a pattern.

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

I believe this is all because of scaling debate of the community of how far will bitcoin rise.
The hype that people are doing and the investors who seen that bitcoin is the future and have a lot of potentials.e

Yes I think so, bitcoin is increasingly trusted by the market and many users are buying bitcoin, but bitcoin production is increasingly limited, this is what causes the higher bitcoin prices. And possibility of the end of this year the higher the price, take this opportunity to gain profit.  ;D

There wasn't any news in particular that mentioned whales were mopping the market of the excess supply, however it is a fact that confidence was restored to the market with the timely signaling of segwit and people stated buying again and then came the mouth watering BCC bonus.

I doubt any major selloff is going on else we won't be seeing new ATHs, rather Hodling is the name of the game and that explains why price of Bitcoin as I write this, has plummeted to $4488.97 - $5000 in view. We have till November before the threat of a split would stare us in the face again, so until then, we can expect price of Bitcoin to remain all time high.

The issue of BTC rising in my opinion, is more than what are giving there but my opinion is that corporations are coming in and coming in hard even government might not own it openly, but I feel its happening as well as rich people looking for where to hide their money away from the prying eyes of government and its agencies. In conclusion, its beyond the individual 1btc or 10btc but the moneybags that can afford like 100btc at one and without thinking twice.

Honestly i think most of the price is driven by speculation right now. The speed in which bitcoin has grown in the past 1 month is absolutely unsustainable. We have seen bitcoin have huge run ups in the past followed by a big correction and a period of stagnation. There is no reason to think this time is different. People always "this time is different" and it never turns out to be correct.

With that being said it is impossible to predict how much higher the price will go. You should not predict and try to time the market because we have no idea if bitcoin can continue to 5k, 10k or 15k before it comes back down. People who are just buying bitcoins now should have realistic expectations.

The price of bitcoin is increasing constantly because it is getting more attention than the usual and before, because it is now on the mainstream and a lot of people now are just taking their action toward bitcoin and they are just starting to believe in it and buying a lot of bitcoins for long term and if we will do it also then we can also get a chance to double our capital in the next few years.

I am preety sure that its because of the investors from china.
As it was seen in the past that in china bitcoin price went to 3000+ When it was around 2300 on bitfinex and polo.

From day to day bitcoin enthusiasts continue to increase, perhaps with the increased interest of people about bitcoin can increase the price as well.
And also many new projects started that run Initial coin offering (ICO). Which also adds the interest of investors to learn more with bitcoin. No doubt if bitcoin can reach 5000 USD.

Whether its from China or Japan, what we have seen right now is the influx of new investors entering the market right now. Media outlets are now reporting that bitcoin will exponentially grow in the future that is why new sets of investors are going in. I think its a good thing that bitcoin has been hugging the limelight lately which attracts investors to join the bandwagon.


Of course bitcoin is speculation driven. Like we are anticipating that the price will grow once Segwit has been activated next week. I don't want to question bitcoin's sustainability because it has proven me wrong in the past. I used to question it, but seeing how far the price has reach today, sustainability has become irrelevant. They say $3000 was the mental barrier before, but it was surpassed the wall that was put and now guessing that the new barrier will be $5000. Can it be sustained once we get there? I think so.

i guess so, law of demand really applies on this matter, since bitcoin is becoming more popular and gain more demand than before its price is increasing as far as it goes. by the end of the year, the price of it will increase thats for sure.

Bitcoin's price is continuously rising because it is getting more in demand in the market at this moment. It all started after the fork and segwit last August 1. It bacame more profitable to more people that made them interested in investing and buying Bitcoin to earn profit. Bitcoin community is growing that resulted to higher demand and higher price.

To be honest, I still worry about in last this year the price of Bitcoin can continue increasing or not, although I understand with the mementum in this year, next few years very easy for growth Bitcoin. But I'm people can't keep my calm and patience 2-3 years for wait the price of Bitcoin reach high price.

IMO, after forking , bitcoin is better so people interest as well !
Also 2 country start accept bitcoin as well ( Japanese and South Korean ) really play their effort to control bitcoin value at the moment for example Japanese as I read ,  control 40% from bitcoin transaction worldwide

Bitcoin was already bullish since May. July was just a halt because of speculation and FUD that people were spreading of the potential fork. This is during that period we saw $1800. As soon as the uncertainty was over on August 1st, Bitcoin started gaining momentum.

There is a surge in Bitcoin's demand since may. With limited supply, price will keep on increasing in coming time as well with some short term ups and downs.

That’s because there were people who kept watching from the side to see what happens after the fork. Things didn’t turn out as the world expected, because Bitcoin was expected to crash a lot, but fortunately it maintained its price. So that attracted some of the side lookers to make heavy investments into it.

That's the effect of the August 1st speculation. Since bitcoin erases away all the negative speculations even prior to that date, it gives boost for more investors to gained confidence on accumulating more coins.

Even a price crash will happened, no way it can pull down bitcoin price that much. Now are we going to just watched this? Take action and make way to ride this wonderful pump.

I don't think this is fact reasons for the recent days bump. We need to think about adjustment mining pools space in segwit2x activation after August 1st. Increase network pools is the one of the reason according to me to see bump in price every time.

Seems to start from the issue of fork splits, bitcoin continues to creep up till present. And of bcc, more encouraging it seems to be the rivalry between sr and jr. This may also be the impact of modern society's mindset that increasingly believes in existence and superiority of bitcoin.

It has been increasing constantly over the days because a lot of people are now using bitcoin for most of their transactions and this has increased demand for it which has relatively made the price go up