Bitcoin Forum

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

there has been a couple of news that has changed the game quite a bit. now there is a lot of money coming in from new sources which is increasing the demand and driving the price up.

i personally think the main reason is the CME news about adding a bitcoin market next month.
you can visit the speculation board to read more about what people are saying.

             Well some haters would probably think this is another hype or just bubble. Personally due to many good and positive news and so many promotions and advertisements of bitcoin, maybe or probably the main reason why the price skyrockets, and due to this increasing demand by new investors it does affects tge price and rises.

maybe the reason why the bitcoin is soaring because there are many or new investor and bitcoin user so that the price is rapid changing to the higher.but we know that it is not continue. bitcoin is fluctuating so we must know that the soaring price of it is limited and sometimes it cause an negative when the price drop down the other was got panic in the price. but the soaring of the bitcoin when i do research and survey they said it because of the user and investor rich

Bitcoin is flying high right now because it serves the people. When my clients pay me I don't have to wait for bank delays anymore. No more middle man taking a cut from my hard earned money. It helps us working folk.

Apply the capital market in a word: for less than demand will prompt price increases, of course, capital markets there is a word: the power of the trend can not be underestimated, whether it is up or down.

I guess it is becoming more popular in the coming uears obviously because it is more powerful than the other technology obviously this concept or idea of the developer of the bitcoin is really a great discovery in this kind of eay easy it will become easier for everyone of us to send money to everyone in the world that just having a small amount of fee.

it is true that bitcoin is always increasing in price, the reason for the bitcoin spike due to the number of bitcoin demand and the addition of bitcoin market, this shows that bitcoin is indeed the currency of the future that can make rich investors.

The number of bitcoin is fixed, and its value will be higher and higher

Total fixed supply, up to 21M.
The game played by supply and demand forces are showing us this outcome.
A lot of people (like me) hold BTC for long-term and do not want to sell cheap.
So, buyers compete to buy for limited quantity of BTC on the market - this way price must go up.
BTC is also fueled by growing crypto-revolution that will gow even further in the coming years.

Entrance of new people. 2017 has witnessed a lot of new people entering the crypto-world. Not only do these people want to know about bitcoin but are also willing to invest their sums. Even coinbase wrote an article on blog regarding the record increase in number of users of their wallet. Along with this the recent forks cancellations have provided bitcoin more support from people who were earlier in favor of bitcoin fork segwit2x. So cumulative of these factors have made BTC soar quite a bit.

- Chinese trader can't manipulate market like they used to when they can trade bitcoin with their local fiat
- Two hard forks occurred within this year and newbie got into bitcoin to get those free forked coins.
- Media also covered bitcoin many times so people around the world got curious about this.
- Few countries even banned use of bitcoin but that have caused positive effect on price.
- There can be many other hidden factors for current surge in bitcoin price.

Because with time more people want to buy bitcoin as more people heard about it resulting in more market capital. So as according to market rule, more demand results in more price rise. That is why bitcoin is rising day by day because of its more demand.

I think all the news that are being used as fundamental reasons for the rise of Bitcoin is baloney. First they said it was the halvening, then it was something else and then on and on it goes without looking at the big picture that it started going up since the early days.

In my opinion, maybe because a lot of investors now are buying bitcoin for their investment because it is not too late to buy bitcoin, just like before, bitcoin price only have $4000, and we don't think that it will rise for up to $8k before this year. Now it is possible because it is happening now and now we are assuming that bitcoin price will rise for up to $10k.

I'm not panicky anymore to hear bitcoin soaring, because it's a common thing. this is what attracted me to bitcoin, you need to know that bitcoin will continue to grow in demand, and it affects the price. I never imagined what if someday bitcoin would be the world's only recognized currency!

Bitcoin is soaring high because of the users itself who believe in bitcoin. Plus, ofcourse the fudsters that others got panic in buying and selling bitcoin. Bitcoin is the mainstream that attract more investors so these I think for me of price increase.

it's all because of many new investors and advertisements.

After the 2x segwit event was canceled, investors are no longer worried about the future of bitcoin in the future, which is why investors are interested in bitcoin a lot. In addition, the amount of bitcoin is still very scarce, which is why the bitcoin price is very high.

After the BTG, it will moon. Just like what happened last fork, which is the BCH. It soared right? It became 5k USD. And right now because of the BTG fork, it is now soaring 8k.

here is hoping it gets to the alt coins!

Bitcoins is soaring and it's a fact now.  Bitcoin has come with such an innovative idea.  Many new companies and organisations are now investing in bitcoins and many more are in line to invest in bitcoin. As bitcoins will surely rise more than the price of it today.  So now doubt bitcoin will going to break all its records of prices as many investors are attracted towards it. Bitcoin has come with so many advantages that cause many people to attract towards it.  Mining is the key point which causes bitcoin to attract more and more investors.  As demand is more and supply is less..  Bitcoin will surely rise in prices.

the only reason why bitcoin keeps rising is the demand for bitcoin in the market. hence from that I can not tell you how bitcoin peak value will barely even have peak as demand continues to increase.

I think this rise is due to different reasons.
First Segwit2x is canceled this is good news for BTC.
BTC gained more investing sources the last days, mainly big investors.
Plus the recent BCH bullshit tried to fuck with Bitcoin but now everyone knows it's bullshit and I think this made Bitcoin more valuable because we are testing its strength more and more.

-It has no tax (all you need is transaction fees which is very low)
-easy to earn but you need to make yourself very patient and hardworking
-it has also no third party interruptions; someone can't freeze your account even the government can't, people choose bitcoin over other jobs

For me, these are the reasons why bitcoin is soaring since people will be choosing Bitcoin which have these advantages rather than working in the offices and the likes.

Bitcoin is soaring beacause people around the world are investing on it and supporting it. Bitcoim will continue to grow and grow and sometime in the future if will be the payment for all the expenses.

Because its going to moon and then mars.  ;D
It deserves to go to 10K mate.

Wide adoptation of bitcoin is the main reason why it keeps soaring, that price will increase more so i suggest to buy more and hold it for long term.

Increasing bitcoin prices are due to many problems.
Many people have high demand for bitcoin.
Just as its benefits are too great
Especially it is just the virtual price to motivate buyers
I hope my comments can help you :) :) :)

Bitcoin's price keeps on soaring because the demand keeps on increasing everyday. More and more people wants to have their own bitcoin and businesses are beginning to innovate the use of Bitcoin as a mode of payment. Since Bitcoin has a fixed supply then expect for the price to go high once the demand goes high.

May be whale pump for event 25/11. And it’s will be dump. I think so.

The reason is simple: Demand is exceeding supply. There is a finite supply, and more people want it. This will continue.

Bitcoin is soaring high because there is a high demand. People are now aware of it's existence. Even the Central Bank in our country acknowledged it and there are more news about it recently in the television. They are now appreciating its value and importance. They can now see that Bitcoin has the potential to be the future currency. Aside from that, they investors are attracted to it because they admire its characteristics such as it is non-taxable and very convenient to use. Let's expect more pump before this year ends. Bitcoin will definitely be the talk of the town by 2018.

I think the investors,new companies,gambling,mining and ofcorse China😉

because a lot of good and positive news and so many bitcoin promotions and advertisements, maybe the main reason why prices skyrocket,

I don't think these trying hard coins has something to do with bitcoin price now and these alts won't hurt bitcoin price in any way.
Bitcoin now is flying because of the massive sell last November 12 when bitcoin had dumped and many weak hands gave up their coins to the whales. And now surely the whales are now sitting in their profit and the show hasn't over because they will pump bitcoin again up to the moon before we close the year. And everyone now so desperately to own some bitcoin.

First of all the price of bitcoins was high.. extremely before segwit2x and suddenly it dropped and bitcoins are just recovering from it..now..
Also CME and other investment companies have announced bitcoins future thus people are keen on investing at this point ... And the CME's bitcoins future.. Haven't yet come into play but for sure its making headlines right now..
I think the biggest factor is its recovery from the segwit2x fork cancellation and CME's future investment.

price bitcoin skyrockted because bitcoin is so well known that it attracts investors to invest in bitcoin, and  the more buyers bitcoin, price bitcoin willbe hight with a limited supply.

It's finally breaking out of the 8K resistances!

It is going to continue climbing for a while my friend.

There are a lot of news regarding with bitcoin , mostly by countries that they recognized bitcoin in their country and also the recent pumps derive most of the people to know what is bitcoin that lead to high demand and high price , And also the segwit2x that is coming but later on posponed but still the price pumps.

Bitcoin is soaring because of the demand that is taking place and because of the supply that there is. There is only 21 million BTC out there and over half have already been distributed. I have heard that somewhere around something like 25% of BTC has also been lost. This happened in the early days when software was just getting better and wallets were being developed.

Because many people are tending to see the many advantages of having a bitcoin account their lives are getting much more comfortable also many people are starting to realize that they are really gaining a huge amount of profit in bitcoins. Also there is a lot of ways you can earn bitcoins and a lot of benefits if you know a lot from bitcoin because we are in technology related generation which is why we need this as part of our daily essential.

This is a very significant improvement. I was also surprised to see Bitcoin's price increase very quickly. I think the increasing demand factor has become the decisive increase in the Bitcoin price dramatically. I am also glad to see Bitcoin's price surpass this year's expectations. But time is still very long and I am still convinced there will be another Bitcoin price increase in the near future.

Bitcoin is growing, many people known bitcoin and the benefits of bitcoin, the demand for human about bitcoin has increased so it's price skyrocket. I think bitcoin will continue to increase.

I think its just some natural growth and supply and demand.


I don't really have any expectations I just find it very interesting and I'm happy with bitcoin and I love the crypto world. Bitcoin will just keep going up and up as people investment in it. These huge spikes we have are a combination of other things besides supply and demand because there are a lot of emotions.

I would say, potential supply/demand economics is the reason for the price rise, with some manipulation inbetween. Out of 21 million coins, many have not been mined yet, many are lost, and many are early coins that have not moved.

Leaves quite a finite supply.

Bitcoin is soaring today because it serves the community. When my members pay me, I do not have to wait for bank placement again. No more people are taking interest from my money. It helps us work the people.

Bitcoin is currently running for serving the community. When my members pay me, I do not have to wait for another bank delay. No more people are taking interest from my hard-earned money. It helps us work with the community.

Bitcoin suddenly goes up because of increasing demand. Bitcoin has become popular and it will continually patronize by a lot of people. A lot of investors invest with bitcoin nowadays that's why it continue to rise.

This is true, quite surprisingly. I was involved in a discussion on Facebook where majority of the people were saying its a bubble and people are gonna lose money when its gonna go down pretty bad.
I think most of these people don't actually have any idea about bitcoin, its journey and the world around them that is actually accepting it.

Thanks for the reply Sir, really appreciate it. It's been a while indeed. Hoping this changes can bring a positive impact to this forum and all the other users. Bitcoins value has been veey volatile this past few months

Yes they don't have any idea about bitcoin thats why they easily judge the future of bitcoin. I would rather believe with my instincts rather than their useless thoughts and opinions. We, who believes with bitcoin should know how to discriminate those speculations. Just always remember that the dump and pump of bitcoin is normal and had been part of its market.

Normal volatility. Over the summer, there were 21 days when bitcoin either went up or went down by more than 5 percent. That’s almost twice a week! Was bitcoin “crashing” or “soaring” every time? Of course not.
Context. Bitcoin began the year at $600; it’s $4,000 today. In the context of this growth, what does “tanking” even mean? Bitcoin could lose 70 percent of its value and still show a 100 percent return on the year.

Thats true, people is saying great things towards Bitcoin and I think that is very helpful for this forum to get more great reflections. This forum is very accese and open-source for everyone who were willing to give a try and I think that's one of the reason why people love this currency that reflects a good reputation to this forum.

This is entirely dependent on investors' buying bitcoin demand. As when  the value of bitcoin drops for any reason, some countries may either ban it or have bad news affecting bitcoin. This is a good time for many new investors to wait. They will pour capital into bitcoin do price  it jumps up in a short time.

Bitcoin pricing depends on the needs of the user. I think the bitcoin price increases due to the high number of people buying and storing bitcoin.

I personally think the reason why bitcoin soars because there are many new investors or bitcoin users so the price is changing rapidly to a higher one and I think it becomes more popular in the future obviously because it is stronger than other technologies obviously the concept or idea of ​​bitcoin developers is really, really great inventions in this type easy going easy for everyone.

yes so all things are influenced by supply and demand so when demand exceeds supply then bitcoin prices will soar vice versa, when supply exceeds demand then the price will drop drastically, in fact we also affect the price movement of a commodity

Some of this time, bitcoin has become one of the investment options for many investors. This is because, bitcoin prices soaring high so that the main attraction for many investors. But in previous years, bitcoin had a spike and decline in value quickly. Then why are bitcoin prices so unstable? This is because the bitcoin price fluctuations in various international and local bitcoin markets such as coinbase, bitstamp, kraken, btc china, bitcoin.co.id and others are driven by many factors. Such volatility in bitcoin markets that do not yet have an index is generally accepted, since cryptocurrency as an asset class is still in its nascent stage.

bitcoin jumps because now the total supply of bitcoin is very limited, while the demand for bitcoin is very high. so it's not unusual if bitcoin demand is getting higher and higher and leads to a very high price increase. other than that crypto growth also affects the rise of crypto.

bitcoin soaring because I think because of the current advanced technology bitcoin can beat the money, gold, stock dah may be so next year can be invested with bitcoin is very profitable for me

I personally think it may be the reason why bitcoin soars because there are many new investors or bitcoin users so the price is changing rapidly to higher ones becoming more popular in the future obviously because it is stronger than other technologies obviously the concept or idea of ​​bitcoin developers is really the invention great in this kind of easy and understandable.

The price of Bitcoin as any other crypto depends on the demand. The limited emission of one or another crypto is also an important factor.

It has become the nature of Bitcoins. Not only bitcoins but also the Altcoins as well. The entire crypto market has become like this. Honestly, this sudden fall was really unexpected. I haven't got a clear idea about the reason behind this recent fall. And sadly we don't know how long it's going to take to recover.

the bitcoin price spike is very reasonable, because the bitcoin movement is always there, and the bitcoin price depends on the amount of buying and selling activity and investment, so naturally when bitcoin the price soars

bitcoin prices soaring high so that the main attraction for many investors. But in previous years, bitcoin had a spike and decline in value quickly. Then why are bitcoin prices so unstable? This is because the bitcoin price fluctuations in various international and local bitcoin markets such as coinbase, bitstamp, kraken, btc china, bitcoin.co.id and others are driven by many factors

bitcoin prices can not be known for certain if indeed bitcoin prices experience the possibility that bitcoin demand increases and investor interest in improved conditions

Like the Internet and all the resources related to it today.
You believe Bitcoin can change the world, and it's worth it to buy today when it's cheap.

The valuation of bitcoin is quite unpredictable. You exactly can’t predict what will be the valuation of bitcoin next day and the same is happening, when everyone is just criticising the bitcoin for having such a low valuation by saying that the party is over, go back to your homes and find some work that they are the fools because I don’t think that this party could ever be over , party can be pause for a while but cannot be over and I guess party has started again and valuation started inflating again.

Offer and demand.

Bitcoins is soaring and it's a fact now.  Bitcoin has come with such an innovative idea.  Many new companies and organisations are now investing in bitcoins and many more are in line to invest in bitcoin. As bitcoins will surely rise more than the price of it today.  So now doubt bitcoin will going to break all its records of prices as many investors are attracted towards it. Bitcoin has come with so many advantages that cause many people to attract towards it.  Mining is the key point which causes bitcoin to attract more and more investors.  As demand is more and supply is less..  Bitcoin will surely rise in prices.

Along with the launch of Cboe, a number of major US banks such as JPMorgan CHASE and Citigroup did not immediately stop bitcoin trading for clients who want to transact in futures trading.

As bitcoin slumps, other virtal currencies move. Like Ethereum who occupies the second position, he rose 8%. Based on Coinmarketcap, this week bitcoin recorded a high price increase. Even more than 15-fold, this increase triggered market fears bubble will occur.

Market analysts at London-based Forex.com have pointed out that with such price rises going on, market participants have a tendency to keep up with their money movements.

"So when bitcoin values ​​rise per day, thousands of dollars, there will be speculators in a hurry to buy this virtual currency,

Bitcion is soaring higher a lots of investors invested users are increasing and there's a lot of ICO's shared and proficient  of processing and we'll motivated.

but month after this thread created,bitcoin price skyrocketed and hit the highest price this ever had.
Sometimes news breaks the momentum but sometimes it boosted ,look from that margin compares to price now,when in january predicted that price of bitcoin will moon again at march ,still not happening instead continues to drop

As of May 30, 2018; the Bitcoin is dumping and I feel sad about it. However, all we need to do is to just hold and wait for the best time to withdraw. Don't be discourage if the price is decreasing because that is normal in trading.

it's probably because investors are beginning to know the news about bitcoin, that bitcoin is very influential on digital assets in the world, they are scrambling to visit what is bitcoin and invest some of its assets. so bitcoin soar now.

bitcoin is not controlled by just one individual its value depends on a lot of people who are investing, holding and. also trading. a great impact of increase is trading on exchanges there is what you called pumping it means those people who are on exchanges are buying bitcoin overtime just like what happened from november to december last year twenty seventeen that almost hit twenty thousand dollars and there is what you called dumpings a lot of people sell their bitcoin because they hit their desired target and then they will make statements that makes bitcoin go down FUD so they they will buy cheap value, those people who are affected by this statements will sell thier bitcoin because of panic that is why the value drops almost 65% to 70% this january 2018 , and still we experience those dips right now for its peak. but sooner or later it will get back to its peak state

I think the number of investors or users affecting its market. Just like how the usual marketing system works. As the demand increases, the price increases too. Well, this soaring of bitcoin would be nice to those traders out there.

I believe why bitcoin is soaring because many people showed thier life how change since they joining to invest in bitcoin.

Bitcoin is soaring maybe because new investors have entered the industry. This is the reason why prices are fluctuating again and again. Coins like PRG are coming up with their new projects so it is possible that the prices may have risen because of them.

The reason why Bitcoin is soaring can be due to the fact that Crypto currency is unpredictable. We cannot predict when the prices rise or fall. Other factor that comes to my mind is coins like TAU and LTC are developing, perhaps the rise is because of their exceptional performances.

Why does the price of bitcoin soar?
Depending on the number of requests, if the amount of demand is large, the price will be higher.