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Title: Reason for Bitcoin Value Increase Post by: sandipcd on November 29, 2017, 05:32:28 PM Why is Bitcoin value increasing in recent days? Is there any strong reason behind this?
A professional investor when invest, they will check the reason for value increase. So, I am trying to check the reason. Title: Re: Reason for Bitcoin Value Increase Post by: Emoclaw on November 29, 2017, 06:06:07 PM It's not just recent days. It has been like this continuously in 2017.
When you look back in January 2017, Bitcoin's price was about $500-$700, now it surpassed $10000. One could attribute this to its ever-increasing demand, caused by the huge media coverage it has had this year. Since Bitcoin has a fixed supply, there's only the demand variable that affects its price. Title: Re: Reason for Bitcoin Value Increase Post by: Slow death on November 29, 2017, 06:27:49 PM there are many things that are affecting the price increase, but one of the main ones I think are these:
JP Morgan Chase Makes Surprising Announcement, May Add Bitcoin Futures (https://cointelegraph.com/news/jp-morgan-chase-makes-surprising-announcement-may-add-bitcoin-futures) 12.6M Viewers Will Hear About Bitcoin Watching The Big Bang Theory (https://news.bitcoin.com/12-6-viewers-will-hear-about-bitcoin-watching-the-big-bang-theory/) " Bitcoin will be featured on another television series, The Big Bang Theory, airing this Thursday on November 30, 2017. In fact, the entire episode will be based on a bitcoin storyline as the cast finds a laptop with a cache of valuable cryptocurrency. The Bitcoin Entanglement The Big Bang Theory is a popular American television sitcom that’s featured on the network CBS. The show revolves around a group of geeky characters who reside in Pasadena, California. The Big Bang Theory (BBT) has become a top-rated broadcast filled with engineering jokes, comic book collections, and quirky memorabilia. The show is currently airing its 11th season, and this coming Thursday’s show will be called “The Bitcoin Entanglement.” 12.6 Million Viewers Will See a Humorous Television Broadcast Filled With Bitcoin Anecdotes It’s safe to say that bitcoiners are excited to see their favorite cryptocurrency on a well-known televised sitcom. The BBT seasons have seen exponential ratings rises since the last season by capturing a 2.6 rating for adults between the ages of 18-49. This means that at 8pm EDT this coming Thursday over 12.6 million viewers will hear about bitcoin, mining, and wallets in a comedic fashion. Furthermore, as bitcoin has gained in popularity, the decentralized currency has been featured on many television broadcasts over the years. This includes shows like The Good Wife, Mr. Robot, The Simpsons, and even on Jeopardy. The Big Bang Theory’s upcoming show was also filmed a while back when bitcoin was averaging $5K per BTC. Now bitcoin has almost doubled that in the last month at $9,000 per BTC, and a whopping $150B market cap. This week’s BBT episode is sure to bring more attention towards the ‘Internet of Money’ alongside a touch of laughter. " People are buying a lot because of these 2 events. At least is what I think Title: Re: Reason for Bitcoin Value Increase Post by: bribed on November 29, 2017, 06:52:59 PM I think the reason for the constant increase is that Bitcoin has a really strong momentum. Big investors are entering the crypto space besides of more and more normal people. There is a lot of fomo and this combined makes the market bullish on bitcoin. Everyone wants his share. You have to keep in mind that the total market cap rose from around 50 Billion to over 300 Billion recently. This is a huge increase of total market cap and as Bitcoin is still dominant with over 50%, its likely to increase even more. But nobody can know for sure.
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