Bitcoin Forum

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

Garbage post. Bitcoin is now above $7000 and ICO has nothing to do with the recent price increase. The increase today is due to the looming Segwit2x activation in mid November. And countries are cracking down on ICO's, countries like China, South Korea and the ICO are heavily watching those so I doubt that it contributed to the as least significantly rising price of bitcoin today. Not everything you read in the internet is true, specially about bitcoin and crypto, most of the writers now don't know anything about bitcoin, they just write about it because bitcoin is very much enjoyed by a lot of people and they are just riding out of its popularity.

Yep. Ethereum is the platform that is most associated with ICOs and its price is actually going down from its all time high by 60-70% now. Bitcoin on the other hand does not offer a platform for ICOs to issue its tokens on, yet its price is rising.

Segwit2x could be a possibility, but i think it's just institutional investors catching on.

Bitcoin has a lot of potential and it's just realising this now.

People are moving their altcoin's funds to bitcoin, and there is nothing new with this, i see it as a right thing, just look at the charts, altcoins had an horrible year, siacoin was upto x6 from now on August, and now it is almost dead, the same applies to the other altcoins that are under #50 at the moment.
And of course that it is rising because of the next fork, and everybody knows that.
But i see it as a great thing, i dont like to see bitcoin going down, and i am happy to see that the price is over $7200 at the moment.

It is only because of segwitx2 fork, there is no other reason to see this pump, or maybe this is because bitcoin had a lot of pumps this week because of the SEC and the news about bitcoin futures on banks/institutions.
I dont know, but it is going up so quickly, i am not afraid of it, it is just a little bit scary to see that it is going up so fast because it means that it can drop fast too.
But who knows? maybe it wont drop more, but i am sure that i would not buy bitcoins at atm's rate.

Bitcoin price is heading more then $7000 now and I think it will continue to increase its value. Yes, possible reason's of users are into buying bitcoin because of the hard fork. Actually we dont know yet at what price it will reach this year but surely bitcoin will continue to rise high.

ICO's relate more heavily to the 1990's dot com boom. When you're talking about bitcoin, it's as if you're talking about Microsoft amongst the realm of all of the "dot com" companies that were started during the time. Of course, not all of them succeeded. Instead, only a few prevailed. When talking about the recent bitcoin rise, it's fairly isolated from all of the ICO business. I don't know what the Forbes writer was thinking or what research he did when writing that article.

Yes, you are reading it wrong. Try to read the article first before saying that the reason of the bitcoin rise is because of the hard fork. We knew it that it's one of the reason but you are not clearly reading it right regarding with the article given at the OP. ICO's are one of the major players in the crypto's now giving a pump to bitcoin as every ICO are depending their main currency to bitcoin. Though there is ETH and other preference but most it is with bitcoin.

there are a lot of reason behind this pump but ICO is not one of those reason behind it,
ICO is a garbage and totally irrelevant with our pump,
the reason behind this rise is because of the chain split if you ever heard about it,
we will get a free money from every Bitcoin that we hold until the split happen.
other than that a news and hope from CME group that will listing Bitcoin futures.
lastly it's pure manipulation caused by whales.
do not believe what people say directly always do your own research,
because there are a lot of people telling you about something just to get something in return.
even though what they said did not make a sense at all

Bitcoin price was increased recently because the world biggest exchange CME announced they'll later introduce bitcoin trading on their platform by the end of this year, 2017. Bitcoin value is growing everyday because there is high demand of bitcoin by people around world. Lots people are now buying bitcoins because they see bitcoin as an opportunity and also has huge potential in the future. Bitcoin is now making a lot people rich by just buying and holding because the price is on the steroid.

There is a huge increase in people starting to use Bitcoin recently and more than what we are used to see. Bitcoin is starting to be mass adopted (thanks to the media talking about Bitcoin as an investment). Another reason is people buying as more bitcoins as they can with the hope to get free coins from the forks. The rush will calm down soon after this.

Overall then everyone will experience the fun when the Bitcoin price is Improved. Some people instantly sell Bitcoin they have because they realize that it has benefited if it sells Bitcoin at that time. Some will try to buy more altcoins, the effect of systemically increasing the bitcoin price has reduced Altcoin's price and this is an opportunity to buy Altcoin at a cheaper price than usual. But all the things we take still have risks, try to make decisions according to circumstances.

This thread give a main reason about the bitcoin bullish right now
https://bitcointalk.org/index.php?topic=2341906.new#new

And another reason about the bitcoin hardfork which bring you a lot of free money. You can see in the coinmarketcap about these exchange sites that already listed btg as IOU token.
That just like a dividend for everyone that hold their bitcoin right now.

Both were the main reasons makes the bitcoin was really bullish.

Am not sure why did they mean ICOs since its usually happens and Even the bitcoin doesn't implement any ICO to increase the funds or value. Those kind of predictions are meaningless for us.
There many practical examples that ICO will not raise its value but the funds on their hands.
It may strongly based on the increased usage of bitcoin where investors attention.
Probably many alts investors are turns their money to bitcoin. Just my thought.
Forbes or anything will not think like forum people and we are real time participants in crypto for possible ideas

Well I think it’s just because of bitcoin day night hard work because bitcoin make a place in a heart of people and now a huge quantity of countries have accepted bitcoin and some of them have make bitcoin legal in their countries so its users are also increased so its mean bitcoin trade is also increased so that is the reason that the price of bitcoin is high.

The bull run of bitcoin is because of the announcement of Chicago Mercantile Exchange or CME of the future of bitcoin and with this sudden pump bitcoin gains more attention and support from the community. We never know when the bull run will end but one thing is certain that we're all happy and will taking more profit.

From my opinions is that the most important reason for the bitcoin price rise is that it's popularity. Popularity of bitcoin is countinously increases all over world in much small time because every people should take so much interest in the bitcoin, it give the chance to those people also who does not have any work or job or any way to earn the money for his family . Now the time price of bitcoin is to gain very high level in the world no other cryptocurrency can achieve that price in the future.

I have seen a lot of forums today and everybody is talking about bitcoin, a lot of people are saying that they will buy bunch of bitcoins this week, and i am not talking about a 3rd country forum, it is a very good forum full of rich people, anyway, it doesnt mean anything.. but i mean that a lot of people who has a lot of money are still investing in bitcoin, and this is incredible.
Obviously that those people are the first reason of why bitcoin is rising so quickly, because there are thousands of them.

I think main reason for rise is because peoples belives in bitcoin,most of them hold and wait to sell bitcoin when his values rises to 50 to 100k,for same reason peoples buy bitcoin and hope to earn money because thay belives in bitcoin.

new fork and South korea + japan make price high (High demand of bitcoin)

i think Amazon make this increase Because they may be accept bitcoin

No way, it is a rumour, you need to be more introduced before trying to spread those fake news, amazon hasn't said anything about bitcoin, it was all a fake new created by a few users who wanted to rise the price. If amazon do it, then they will create a lot of regulations over bitcoin and of course that it will go up like a skyrocket, but i doubt that it can happen soon, because bitcoin has being rejected in a lot of shops and other brands like this one

bitcoin price incraese high, because all people buy bitcoin hope can receive B2x
in november segwit2x, all people prediction can split, same with bitcoin cash and bitcoin gold

Reason for the BTC price rise people want free segwit2x

Conversely, prices bitcoin will go down as analysts and traders say after segwit2x , Prices have risen enough
no one will buy at this price only Few New traders bitcoin

Yes the reasons was about this segwit, the bitcoin price has been increasing. And many users has the support on bitcoin and the demand is increasing. This is what I see btc price rise high to have bitcoin gold that people wanted to earn profit.

It is in my belief that the sudden surge of BTC in the past days is due to the announcement of BTC future. With this announcement, it "somehow" lured in investments from prominent financial institutions around the globe. With millions of $ pouring in from them, BTC's price soared to uncharted territories. Many people are saying that this is just the start and many fiat is still deposited to different exchanges with the sole purpose of buying BTC. I agree with them and there is more upside for BTC in the future.  ;D

Poorly researched article. How can the author say that icos are primarily funded by bitcoin when the platform used in icos are etherium and waves and the currency used to invest is ether or waves? If ico have effect on anything, it should be on ether or waves and small effect to bitcoin. If anything, the previous hardforks and the looming hardfork is causing this price hike on bitcoin. Starting on bitcoin cash, people learned that they'll have free coin on hard forks, so they accumulate bitcoin on bitcoin gold fork and still doing so for 2x.

many reasons related to bitcoin prices. one of them is segwit. and many other things. even bitcoin cash, and bitcoin gold are also the reasons why bitcoin prices are becoming higher up to now. and in the future, will probably be very much like this.