Bitcoin Forum

So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions :)

This rise will continue at least until November 15 when one more fork is expected to happen. After that bitcoin price will have a correction. By the way, these forks are driving the bitcoin price insanely high.

Demand mostly. But there is likely going to be a correction soon. At least, that's what SHOULD happen.. but you never know these days..

soaring bitcoin I think this is still the influence of segwit that started in august until november, and in my opinion many people are hoping for bitcoin down and up again and i also hope so, and i now also glance at the coin in altcoin that when this price is very good to buy and save for some time until the price increases doubled

Fork schedule is driving the bitcoin price and it must be because of much improved implementation of cryptocurrency network software . Though almost all alt-coins taking the hit because of the bonus that the fork will produce as it introduces the new chain.

If you did able to observe on past forks then you do already know the answer on this question. If theres a sudden price increase then expect for price corrections later on. Now on the current price the thing that do drives on it is which most people do switching to bitcoin now because of the upcoming segwit2x fork which people do accumulate bitcoin as much as they can to get free BTC 2x after the fork.Have you seen how altcoins being affect? Most of them are on reds now which would somehow justify that investors are converting now.

I think rising awareness and back to back hardforks. Who hates bonuses? I think it will rise until the next hard fork cant really say anything after that.

I am very optimistic about BCH, the big block represents the decrease of trasaction fee and the increase of more merchants.
As for BTC, many exchanges buying Bitcoin in case of people  running on Bitcoin when the Exchange do not support fork may be the reason of price up.

the recent increase in price of bitcoin is a result of the upcoming fork. Once that happens, there would be a major price correction, as people who go bk to their altcoins.

Maybe because of upcoming hardfoks. Altcoin market is bleeding in red right now. Because they are selling their altcoins for Bitcoins to acquire some hardfork coins. They are keeping bitcoin as much as they can to acquire more hardfork coins. Because this will determine what amount you could get after the hardfork. In addition for this is news about Bitcoin. There's so many good news about Bitcoin this past few days. China is the big news I've seen so far. They are now allow exchanges there to operate. I think it's the reason and driving the price surge of bitcoin. But it will not last longer. The volume will go to altcoins after the hardfork take place.

The trend on bitcoin increases in my opinion is connected to the coming Segwit2x or Coinbase called it Bitcoin2x fork. Everyone is panicking on collecting bitcoin to receive same amount of free coin. I’m one of them that badly wanted to acquire those but to buy is not really practical for me because of financial incapacity.

I think the chinese people are still interacting with bitcoin even after ban on their local exchanges and their concentration makes increase in bitcoin in an extreme degree.
While the another reason for bitcoin price justification may be over and over happening of hard forks.
We are hoping btc to be $10000-$12000 soon in a few forth coming months.

this is what i and my friends discuss when we are meet and we have the same answer and its because of the supply and demand in the market. beside that, if there a bad news is happen then people in the market will be panic and they are selling their bitcoin and this is what i am seeing in the past. but now i think people today become smart and not getting panic when the price is down and they only waiting the price is back to high again. there is many time we are seeing the price is up and down and we don't have to be panic.

Before, the price increase is because of Bitcoin Gold fork. But due that price stayed strong at $6k. This made general market conception of the price and many didn't sell their Bitcoins after fork. After that series of positive news have been coming related to Bitcoin. Bitcoin is getting global attention among various big giants in financial and banking sector. This have made Bitcoin popular outside the crypto community and hence have attracted many investors from traditional markets. There is a huge surge in investor's interest recently in Bitcoin. Due to all this, money is flowing off from altcoins and getting into bitcoin. These all together have brought this huge price surge.

Reasons why Bitcoin value is increasing like a rocket:
-Crypto Currency is secure and owned by the people. No company or individual claimed that bitcoin is controlled by someone. Even the source codes are currently available for all and for those who want to develop their own crypto currency.
-Coins are intangible but saved through wallets digital or hardware. So, no need to bring cards or bank accounts and alike to access your assets and and be access by phone app and browsers.
-There are only 12Million coins maximum available and 16Million has been circulated the world. and the remaining will be earned through mining as transaction rewards by processing verifications of all transactions made.
-The investors were keeping their coins to wait for the right time. the fewer coins circulating - the higher value of a coin because everyone wants to earn.
-It is supported by Businessmen, companies, states and governments the other of crypto currency is accurate, stable and less error in terms of transactions.
I know there are some other reasons that are responsible for Bitcoin value today so that's my thoughts and my own views.

apparently bitcoin continue keep incteasing price value because of demands and hoping still continue the stability of the value, but have incoming fork hpoing for bitcoin stay at same value even the fork comes.

Yeah see I was expecting a down turn right after Bitcoin Gold fork, so I think your right those people held, didn't create the downturn some of us expected and we've had nothing but positive.

Still, why is BCH growing so much? That surprised me.

People like me who 'hold' and turned other coins into Bitcoins drive the price of Bitcoins up...

I think the increase of bitcoin is because of many people are starting to adapt to this kind of currency, another thing is because of the announcement of the fork where the bitcoin holder will receive Bitcoin Gold. I think this time, bitcoin will increase again because of some of the employee will receive their 13th-month salary pay. An I'm hoping that they will gonna invest it in bitcoin sooner or later. So maybe before the year-end, we will see the bitcoin rising again.

I did expect there to be a price correction after Bitcoin Gold, it just didn't really occur.
I don't really watch the altcoin market. I've got a few, but I'm more interested in BTC/ETH etc. I have seen that they are in the red of course, but I don't follow so much. Only limited hours in my day to keep up with it all ;)

All I can say is that this price hike of Bitcoin is the results of the fraudsters that telling something bad about Bitcoin and they are suddenly wrong and people tend to realize that Bitcoin is a good thing for investment nowadays and the price growth of it in the short period of time attracts new people to invest to. The Bitcoin community experienced a 2 Forks within 3 months period that produce 2 Bitcoin Altcoins and there is an another Fork that will happen in November 16 and I think this is the reason for the never ending increase of price of Bitcoin. For me This incoming Fork will be the make or break for Bitcoin if it will still rally to go up or not.

The price of bitcoin depends on the demand and supply of the users. If the request for bitcoin increases, the rate also increases and if the market falls, the price drops as well.
The possible price drop will happen, I think it's quite reasonable to any currencies. It's always unpredictable.

I think there are 3 factors now that drives Bitcoin to hit all time high. One reason that I see is the CME groups announcement that they will add Bitcoin futures and with this announcement it may make other investment groups or company to rethink about their stand with Bitcoin.

Second factor is the recent news that Amazon bought domains related to cryptocurrency, while I havent seen a confirmation from amazon, but this news is good for Bitcoin because with the coming holidays and amazon being the biggest online seller in the world, this will drive Bitcoin to new heights.

Third and last factor is the November 16 fork and it looks like this is not the last of it but every time there is an upcoming fork,there a sudden surge of price of Bitcoin.

I also think that way, the present rally is not done yet and we would likely breach the $7000 price level before November 16th, then a correction is likely to follow before another round of rallying sets in.

I don't agree with that, each one of those hard forks were calculated to dampen, if not frustrate and sideline Bitcoin, but the faith on Bitcoin by its community across the globe, turned out such an unparalleled force much to their disappointments. At the rate the demand for Bitcoin is burgeoning, the moon landing is now only a matter of time!

The crypto coins, has a specific dynamic. I can't compare the last fork to the first one, because the market prove i am wrong. I waited for a correction in BTC price, but not happened. The only think i have now is the assurance that a need to study about crypto coins every day.

Fork is near to happen. When that time comes many bitcoins will be divided into bitcoin gold and bitcoin. But the good thing is there will be a correction in bitcoin price to avoid rapid growth or fall on its price.

Yeah, a fork is something that can be related to the rapid growth in the price of bitcoin but from the past forks on bitcoin like bitcoincash where the price rather decrease than increase. My thought about the price growth is something regarding about its popularity like in social media and on TV news where bitcoin has been talked about.

First of all, BCH is pump and dump. There is no long-term prospect so it's only for short term trading. Bitcoin could dip after fork but it will recover and keep soaring. The causes for current spike are

1 - People want some free forked currency

2 - Bitcoin futures trading option announced by CME for end of the year

3 - Rumours of China lifting ban on bitcoin trading

4 - Mainstream acceptance(Amazon bought 3 more crypto domain names)

Personally, I think it would be bad for Amazon or Google or Facebook to be involved in bitcoin because that would turn bitcoin to the same fate as internet with a small cartel exerting majority influence over us. It would make bitcoin de facto centralized and kill its potential as the cure for capitalism.

Certainly there is a great demand for the currency, given the fact that we are only 14 days from the main event of the year for bitcoin. Surely I do not think that b2x will replace bitcoin and it will be more of an altcoin with a great starting value and then it will fall into oblivion just like the last forks. The price will continue to rise substantially to the point that the market stress will be hit and possibly will occur a great correction, whoever is selling now will not regret and will buy cheaper later.

Mostly its supply and demand with the supply limited by 50% each halving we see a move in the bitcoin price a few months after.  This move is still initiated originally by the halving.  But overall its an idea for money which is much needed in the world, the blockchain provides much utility which we've not experienced before.

The basic law of supply of demand is also applicable to bitcoin market so this drove the price to go up.

Also if there is a good and positive news going our way then bitcoin price will spike. See the current price spike lately? This is due to the 2x that a lot of investors alike are waiting to happened. This kind of news really push the price to new ATH. However, we already know that it can't go like this forever, so there's what you could price correction. Some calls is healthy correction, because once it happened, new investors can buy bitcoin and enter the market, and then the price could pickup again and will go for another bull rush that will push the price to another level.

Bitcoin today is so volatile. It increase and decrease from time to time. The reason why that happens is because when it become high, there are many investors sell coins and it affect the supply in the market.

I think I agree with most replies here with regards to the demand aspect. Bitcoin's recognition around the world has been increasing where countries and companies are beginning to delve into the bitcoin market, thus, increasing its reach even further. In the recent days, the fork as well as mentioned on the above-mentioned reply, would be a factor too, since most people are buying coins for the upcoming fork.

Bitcoin experience a lot of good news.
The main good news for me is, adding Bitcoin by Chicago's Options and Futures Exchange as base instrument.
Fiat sharks and fund managers can get into Bitcoin trading speculating, without buying BTC itself.
Great and exciting times. :)

There are lots of factors which drive bitcoin price.
Bitcoin is getting familiar to more people day by day and so they start buying bitcoins.
It is said that even people working in wall street too nowadays don't want to miss the benefits of bitcoin any more just for the reason that they work in financial companies.
Main reason was more people wished to enjoy free BTG coins due to hard fork and so they just sold out their altcoins and bought bitcoins which triggered bitcoin price.
But it was expected that soon after claiming free BTG coins,they would sell their bitcoins to rebuy altcoins and bitcoin price would fall.
But surprisingly,bitcoin price continued to increase from $6,000 and it is $7,100 now.
Reason may be that another hard fork is expected to happen in november and if segwit 2x fails to get more support,free bitcoin segwit 2x coins could be received.Since there is a very small time span of just 15 days more,they might have thought to just hold it for another airdrop.
That might be a reason.

Bitcoin is gaining global attraction and the more awareness bitcoin create the more people invest into and the the more people invest into it. That is the secrete behind the driver of the price of bitcoin. Also the more rumour goes about bitcoin to crash, the price drops then people who wants to buy at a reduced price we invest massively then the price will push up.

I agree with these, I did hear that Amazon were going to announce that they would be adding bitcoin as a payment option but I think that has been said for a long time, I was not aware of them buying up crypto domain names, bitcoin could skyrocket if it happens this quarter.

Till date their is no confirmation news of Amazon going for Bitcoin payment. The only option is that their are some sites who are giving amazon discount coupons in against of Bitcoin payment. But other two factors can be the reason of this spike of price in bitcoin.

In my opinion, bitcoin's price increase is being driven by the hard forks happening, most investors wanted to receive "free money", you can clearly see it because of what is happening in altcoins world, there is a bloodbath ongoing. Also, some reasons are the good news like adaptation and acceptability of bitcoin in the world. We may see some correction after Nov 15 but it wouldn't stop new investors from buying bitcoin for long term profit.

It is the investors and users that drives bitcoin in increasing its values, and also people that badly wanted bitcoin.

Main and direct answer is clear: Demand. Demand increases with expected news like amazon gonna to accept virtual currencies as payment. But the rule of trading suggest us to buy rumor and sell fact. Currently this is what traders do.

The answer is simple yet complicated. It's  "PSYCHOLOGY".  8)

I don't know about BCH,  but for BTC it's likely being driven by the recent forks and such.  I feel that the price will continue to rise.

To me I believe the demand for bitcoin is one of the major factors that lead to the continues increase in the value of bitcoin. Although there could be manipulation and rumour of what will become the next move of the market value of bitcoin.  

I also don't understand about this increasing wave. Maybe people wanna receive free Bitcoin Silver after hard fork....I don't know, I just guess

Do you think that bitcoin increases as the number of users increases? It's like it's proportional. Pulling that bitcoin price will increase accordingly. Very beneficial for investors.

It is a combination of good news that are driving these price spikes. First of all, we had a successful SegWit implementation

and then we had a successful Bitcoin Cash and Bitcoin Gold fork. Japan also embraced Bitcoin use, pushing the price even

higher. Now some big stock markets are joining soon, so we might be seeing some very explosive price spikes, when these

big guns gets their hands on this technology.  ???

This is due to the CME Group's announcement. Launching of Bitcoins Future is definitely a lot of people buying lots of bitcoins for pumping if it goes beyond the $ 6,500 barrier to get the 7,100 $ price today. Please see the full details concerning the annoucement here
https://cointelegraph.com/news/bitcoin-hits-new-all-time-high-as-cme-group-announces-futures-trading

The growth of bitcoin stimulates several factors. Mass infusion of money from the altcoyins to get free coins during fork and hardfork. All the time, people's growing interest in the world is crypto-currency. And the rapid development of technology, decentralization, speed and anonymity. 8)

Basically, whenever there is a hard fork coming there most be a price pump because many people will be buying bitcoin in order to get the new forked coin for free e.g. bitcoin gold - which was recently created from the original bitcoin. The price of commodity increases when the demand is higher than the supply. that is what is currently happening with the bitcoin as well. it is demand theory; the higher the quantity the lower the price, "the lower the quantity the higher the price" - period.  

There are several factors that determine the rise in price of bitcoins such as there is only a limited number of 21 million bitcoins available in the crypto market,  supply and demand of any product determines the price of the particular product which is the same for bitcoins, In some countries bitcoins and other crypto currencies are considered as an asset whereas in some countries they are considered as currency. As the supply is limited and demand for bitcoins is high the value of bitcoins increases and people are ready to pay more to get bitcoins. The most important factor for the rise in price of bitcoins and other crypto currency is the usage of bitcoins as an investment and as a medium of exchange.

yes if I see this journey, this year we have seen many times of hard fork and I see before the fork and after the fork, the price is down too deep as correction price and then after the fork, the price will be increase back. we see there is a big demand from the people that is trying to buy bitcoin while the price is cheap and then the supply is increase too to make the price is back to high.

Im pretty sure you are not holding enough and thats why you are expecting a drop in the prices of bitcoin then very hard push forward for bitcoin to gain the profits. But what I think is bitcoin can be bought at any time as the buy wall for it will keep rising and the sell wall will give you big window once the price rises very high. Always remember there is no right or wrong entry point for the bitcoin itself. So you should buy it now.


Thats for your motivation and considering the fact that there is upcoming fork people are just investing for the profits and thats increasing the market cap a lot which decides the ultimate prices of bitcoin.

Good news from USA and China,mining is more difficult+Segwit2x

Bitcoin price now reaches $ 7K and altcoin is being big discount now.
altcoin prices continue to fall and reach the lowest price.
what I expect now for altcoin is to go down sharply and immediately rise.
i have managed to buy some altcoin with cheap price.

High bitcoin prices are mainly due to the increased demand of people. They are looking for bitcoin for one or more of their projects. So they pushed bitcoin prices up

People are buying more and more for the hunt of 'free' coins when the fork happens

The News said that two big exchange company CME, the Chicago-based exchange are entering the market
and it is the reason why the price from $6,600 to $7,100 still soaring. After this hype the fork will come and lets see if that price can hold or drop and recover to the amazon news.

This could be a wild ride. Poloniex shows a high for Bitcoin today at about $7280 and then it dropped below $6700. Then it has bounced around between those since then.

We’re going to see people cashing out to lock in gains and then buying when it drops. We’re also going to see people trying to jump on the band wagon when the price is high and some of those will panic sell for a loss when the price drops. The volatility is probably going to increase for a while now.

Actually, there are some reason why bitcoin drive to increase irs price and I think the main why its increase the price is the demand on online market and trading sites. The supply and demand of bitcoin is main reason why its continuing in increasing and I hope it would continue in the future.

Its not just the news though bud, we had good news at like $300 dollars about microsoft and paypal etc but the price only went to $500 - $600. Fundamental forces are at play when we get a big move like this.

So people will assure that in the next fork of bitcoin the price will again soar its price record so many people will buy bitcoins at the lower price and hold it until the price e of bitcoin rise again. It is the practical scenario that could possibly happened during the incoming end of for of bitcoin so it will refit takes time for people to have bitcoin or holding becasue fork is always the sudden changes of Bitcoin price.

Another fork might occur again this coming November 15, it will be the segwit2x and since it will be the 3rd fork this years and both of the previous fork was a success, and both of the token that came from the previous was able to have their own value so for the 3rd fork almost all of the people who is into bitcoin wants to take a hold of the coin for them to receive this new coin from the fork. Expect for the price to rise until the 15th of November and it may reach $10,000 until that day.

I think it is simply a supply and demand in the market.

I think it is because of the increasing numbers of demand and contributors or merchants. Some parties aren’t satisfied with how limited the proposed changes are, and they even made a hard fork to Bitcoin Cash. In the future the price of bitcoin will be 2x or 3x higher than today.

What triggers the rise in bitcoin prices is the demand for bitcoins.And also the fork that will come .. maybe that causes the bitcoin price to soar.And if you want to invest in bitcoin still not too late,

I think it's because of the growing media attention that more people are getting to know Bitcoin so the trust in it is growing. Other than that the upcoming fork and that and I read that a trusted exchange/market is offering Bitcoin futures now. All those things together are resulting in a increase. 

I guess the mass adoption and spread. I'm seeing lots of advertising online for Bitcoin and many ads. There also many ico ads so there is more awareness of altcoins too this driving the bitcoin price up since people buy alts with Bitcoin.


Nothing simple about it. Besides he is asking why. That is too vague an answer.


I agree too. Regular people are starting to wake up. But they better hurry up before it's too late. The bitcoin train stops for noone.

recently bitcoin price is rising dramatically, it is not the first time but before any hardfork, bitcoin price extremely high, but after that, it will drop to normal but still highger than before, in few days from now there will be a segwit2x upcoming, so i think that is the reason bitcoin rise so high recently.

I don't think that the halving of Bitcoin reward have had much to do with the huge increase in the price of Bitcoin as it was merely a scheme to check inflation in the ecosystem. The main contributors to Bitcoin unprecedented heights are its decentralized nature, assumed anonymity though it's rather pseudonymous and then security.

bitcoin will be more expensive because bitcoin has a very limited availability limit and its demand is very high it makes the price of bitcoin more expensive.

I think the hype around Bitcoin can be created by journalists either (but not only them sure). According to their forecasts, this currency will soon grow to $50,000. Naturally, after this news the demand for BTC was increased. Today people pay for 1 BTC $7 300 already.

The demand of bitcoin is the reason why the price keep on increasing. People want to hold bitcoin nowadays because we all want to gain profit in the future.

Yes the increased demand for Bitcoin is a major factor why the price of Bitcoin keeps rallying higher. The present demand and spike is coming as a result of the almost 'risk free money" Segwit2x stands to offer. Evidently the altcoins, in their numbers are down, because people're having to sell them off to buy Bitcoin as the more Bitcoin one have just before the fork, means same amount of free B2X to receive. I however see a correction in price soon after the hard fork, though couple of good news around Bitcoin lately looks good to keep the correction as mild as possible.

That's not true, Bitcoin and its market is all about human activities and you don't magic to predict things to expect from people. Actually  there's really nothing new, whatever they settle to do today is a repetition of history and so we can always look back to have an idea of what to expect.  Last time the was a hard fork for Bitcoin Cash, there wasn't much reference and people were apprehensive, but now having seen through two hard forks, people are rather upbeat and looking forward to it.

I expect prices to keep going up for months, until christmas.
Reasons for rising, I want to have a number of countries and the attitude of bitcoin, a few months ago, several countries ban ICO, but now the market has not before the market, there are now more people concerned about the money and coins, this is probably one of the reasons for the jump.

Bitcoin become famous now all over the world as you can see more and more are adopting bitcoin then legalize it. No wonder that if many nation is legalizing the bitcoin more and more can now freely to invest in bitcoin and this is the reason why bitcoin keep rising and i don't see any reason that bitcoin will fall down even during this in coming segwit2x because we have already learned a lot of bitcoin hardships and survived.

More the people know about Bitcoin = More demand
Supply is standard because of the algo which helps in mining bitcoin.

Therefore, higher demand is leading to the rise in price.

Definitely right.As more countries will open their doors to bitcoin,then it will be a big chance for bitcoin to keep on increasing its price since there will be more demands coming from people of different countries.So the more popular bitcoin will be,the higher the price bitcoin will hit.

I think the price will rise. At least until the end of the year, and then we'll see.

I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 7k is a lot for it,  but it's still going up I believe. I hope bitcoin will one day soon pass 8k,  but that could be a very long shot.

the price increase each time a fork occurs, this is due to every improvement so bitcoin gets better and keeps people high, certainly many people expect the bitcoin to continue to peak.

Just as in the stock exchanges, which causes prices to rise is a high market,
and investors who invest their money in Bitcoin is one of the roles in increasing Bitcoin ...

we already learned that after some correction big rise will followed so i guess its more possible that it will just rise up as many people are been aware about this system, bitcoin was been adopted even there's no big companies but those small players that been compounded and many individuals that keeps having their faith with bitcoin investment.

More and more bitcoin fans, more and more countries support bitcoin, big capital and financial investment bitcoin, so the price of bitcoin will be higher and higher.

Agree. The higher the demand the price is also increasing . The bitcoin now a days is gettiing famous because it making a lot of news in the world of internet and in the people because of the higher price and that could derive those investors to invest in bitcoin . In the few years bitcoin is getting more increasing because it getting famous all over the world

this bitcoin price increased start from first hard fork in august that created BCH or bitcoin cash, the start of this increased price because of every people who hold bitcoin will receive the BCH like the amount of bitcoin, so some people buy it and makes bitcoin price is rise up. after that bitcoin increased more and more into bitcoingold hardfork and next segwit2x hardfork, we hope that after last hardfork it still up again

I think the reason why bitcoin's value is increasing continuously is because the demand for the coin is also increasing. Bitcoin is gaining popularity everyday. There are a lot of news regarding bitcoin everywhere. Because of that, a lot of people are now engage in buying, selling, and using bitcoin. Just like in economics, the higher the demand, the higher the price.

The main driving force behind the BTC price increase is the old saying supply and demand. Over half the amount if bitcoins have already been distributed and I heard roughly 25% have been lost since it came out in 2009. This means there is only a certain amount of BTC and there are A LOT of people trying to buy it right now so this drives the price up with how much demand there is.

Rumors everywhere they say the price will drop dramatically after the fork this month. But for me, I think it will insanely rise after this pork yes we know crypto coins have unstable value. But I know bitcoin will never drop it's price beyond 4000 dollars. Driving this price to rise that high is because of it's demand on the market and all the traders out there and also investors.

Popularity is the big factor that affects the price of bitcoin. As bitcoin becomes more popular, the number of investors on bitcoin increases. Understanding the law of demand and supply will help you understand the current situation bitcoin is in. I am expecting the price to drop because bitcoin’s value needs to be controlled that’s why there will be an upcoming hardfork this November. Its value will decrease but will still increase after the hardfork. The same thing applies to bch.

there is an incoming fork on the way some hodlers of altcoins buy Bitcoin to get some fee money with the forked coins the after a while the price would regulate to its real value at that time. And yes the higher the price of bitcoin goes the higher the demand that it gets from the users.

The initial SegWit activation brings needed improvements to the table, but all other forks are nothing more than get rich quick tools for the entities behind them, and indirectly the greedy people here who look forward to more splits.

Currently it's safe to say that it's largely the soon to be initiated chain split that sparks buyer interest, and gives people already hodling Bitcoin reason to hodl a bit longer before they cash out profits ~ greed dictates the market.

I believe whenever a fork is about to take place people speculate a rise in price of BTC. This triggers a high in demand of BTC which in turn escalates its price.

Well, it's obvious. We are now in that wave, when again bitcoin is actively advertised. Those. interested people, actively involve new blood in bitcoin, thereby increasing the volume of purchases and maintaining the price at altitude.

The fork and more volume because of the news!

Indeed the obsession of people for bitcoin is the main reason, they all know it very well that this is going to make them financially stable and let them to secure their future, they get into some promising projects and allow the profit to be get saved either into some assets or invest it again into the projects. Wise use of bitcoin can lead to fulfill all the needs of people.

Because a lot of people now in every party of the world already knows about Bitcoin and its good reputation in many netizens or its supporters.
It one other reason is because it is in demand and other people trying to invest to gain more profit.

I know it might seem somewhat utopian but I would love to see a scenario where, BTC gets used for larger transactions like buying property, cars, houses  etc... and BCH gets used for smaller transactions like how we use fait currency now. Buying electronic goods or groceries or paying for a movie ticket or cup of coffee...etc.

The increase now is simply driven by people stupid enough to believe that they can genuinely continue to make money by doing nothing except buy more bitcoin.

I think more people are still cooperating with the bitcoin more than the altcoin that why bitcoin still driving increasing, and my other reason is the bitcoin gold fork that why the price stayed at $6k.  I read some news that one most food chain will invest in bitcoin and also the food chain will accept a bitcoin mode of payment.

Higer demands actually, because of its popularity

More and more people are starting to see the potential of bitcoin more so as a way of making money they can see buying and holding for even a couple of weeks can make them money. So as more want bitcoin the price rises with it. Bitcoin is the first crypto currency people tend to hear of.

Once people realize one simple thing: There are less bitcoins than there are millionaires in the world. If BTC ever becomes the world global currency, and millionaires devoting their entire networth into it cannot even buy 1 coin.. then that is huge. 12k is nothing yet, and that is why people are still driving it up.

More bitcoin user, more mining user and more investor in bitcoin. Bitcoin now is the more popular vs. previous years. I think the this will be the reason why bitcoin price is increasing.  When bitcoin announce about the upcoming hardfork for some people including me, predict that value will decrease and will rise after that. But this not happened. Driving the price because of the demand on the markets.

Demand , good news , price is the main things that driving bitcoin.

drop dramatically soon? can happen but not soon (after 10 years at 2019)
 

I think the main reason is the development of the community, which may probably be named the bitcoin year. In 2018, it will be the year of an encrypted currency explosion

BTC follows the law of demands in economics: higher the demand, higher the price. It will continue to have an enormous increase in worldwide demand for BTC at the same time an overall increase in blockchain activity. But higher the price of bitcoin, higher transaction fees which is a disadvantage.

I agree that demand is the main factor why it is keep on increasing. As of now the price of bitcoin is keep on increasing and I think it will continue on increasing. I think if more investors will invest the price of bitcoin will rapidly increase and may lead to high income. The supply and demand of bitcoin is the main reasons why the price was totally expensive.

I think so, people wants free money whenever a hardfork that potentially create a new coin will occur. The demand for bitcoin increased because of it.

bitcoin demand is rising thats why price is going up and up.and soon we will see a correction but after that price rise more :)

Frankly, I do not know exactly what caused the price increase. But I think BCH, BTG and so on are causing the price increase.

The fundamental reason which drives bitcoin prices upward is the constant increase in demand and a very limited supply of bitcoin, basically it is the law of supply and demand. When supply is constant and demand is ever inceasing, there is only one way to go and that is upward.

Bitcoin was introduced in 2009 with a motive to reduce peoples trouble from traditional currencies and help people trade independently. But bitcoin get more popularity as asset than currency. Since last one years bitcoins popularity is increasing regularly. Its price just crossed $17000 mark. Limited supply and huge demand is the one and only reason of rising price of bitcoin in such a short time span. Its now become a cycle, people have huge attraction and confidence about bitcoin that it will go on increasing and have them good money. As a result they are ready to pay any price, but as the supply of bicoin is restricted so its prices are rising.

Probably the demand of bitcoins the more investors invest in bitcoin the more its marketcap increase and the more its price will go up, but I expect it to go down but not that much maybe around 11-13k$ by the end of the year and will go up again in the mid January 2018. Its just my opinion.

Prices are soaring now. I think it is a bad sign that prices go up sharply. It is likely to decline soon.

yes I guess a lot of people expect cheap bitcoin because when the price is low and there will be a lot of whales that buy bitcoin and there will be more, a collision is about to happen, i am happy to have a little btc i have now because i will keep saving when the time comes and I will feel the great pleasure. :)

Agreed and more specifically i would wager old money is making it's way in more & more plus average home users.
The one preys on the other..

@bitcampaign
Cheap Bitcoin ? I looked earlier and itwas like 17k or some shit.  :D
When i got here it was about $30 or $35 dollars if I recall correctly.
I remember bookmarking a calculator site when BTC hit $50 for the fist time.
http://www.bitcoinexchangerate.org/
(My Bookmark in Firefox said $50)

Cheap BTC ? $17,000.00  :D https://coinmarketcap.com/

..time to run pajeets

https://i.imgur.com/3MYCFeF.gif

Simply its supply and demand. As more and more stories come out about the incredible growth of bitcoin it creates more demand. It will continue for a long time to come.

Growth ? A very poor choice of words.
What you SHOULD have said is popularity and market price.
Which are independent from adoption and it being used as intended (as a currency)

I think the main driver behind this price increase is the futures market that will be launched this weekend. No one knows whats going to happen when it does, but we're certainly in for a crazy wild ride until the year ends. I'd actually prefer if bitcoin kinda went sideways for a couple weeks, to let the market breath a little bit.

Is there one main reason for the BTC increase? Or are there a lot of factors considered in this?

for me the factor that drives the bitcoin price to strike high is that the trust of the people on bitcoin that's why they are holding it for investment in which the supply is gettig low and the demand of people to buy and invest it is higher so the price obviously will rise. and also of all the cryptocurrencies, bitcoin is number 1 for a long period of time.

The inflow of money from institutional money to bitcoin from December 10 through Bitcoin futures.

Your title here is "newbie" so.. any guesses ?
It would be you NOOB.

And the rich financial players showing up to prey on the idiot noobs.

It is those 2 points in play.
And when the whales start to dump on your noob idiot ass's you will of course follow suit en mass.

The thing that drives the Bitcoin are the forks. I'm looking forward to witness how the Bitcoin reach the $50,000 rate in the near future. I can't wait to see how Bitcoin conquers the Currency field. But take note of this, Bitcoin could also drop unexpectedly because of the unnecessary circumstances so be careful still. There ain't no security from the price but the market would go boom in the near future i believe.

I think it is because of the increasing numbers of demand and contributors or merchants. Some parties aren’t satisfied with how limited the proposed changes are, and they even made a hard fork to Bitcoin Cash. In the future the price of bitcoin will be 2x or 3x higher than today.

As you see people saw the price of btc to be pretty high and increasing so they wanted to invest in it to earb profit too, the number of people who wanted to invest in btc kept on increasing. More the number of people investing in bitcoin, more would the price increase.Basically bitcoin's price is so high basically because it's demand is far higher than the supply.

For me the reason is the growing community of bitcoin and become popular so many people shown interest to it. Also because of the rising value of bitcoin thats why bitcoin is increase.

Bitcoin has been going up so fast, in fact we had a little dip last night, it went from $20000 to less than $18000 in just a few hours, but it has already recovered. The price is already on $19000 and it seems that it will be touching a new all time high soon. So buy a little bit more if you want to keep making money

I think the reason why bitcoin continues to increase is because its investors and the number of its users are also increasing. The more the people invest in bitcoin the bigger its price will become. Also bitcoin can now be used in buying things like a normal currency, and people are beginning to accept it.

The price rises due to the high demand of bitcoins. More and more people start to invest every day so it's all about supply and demand.

Huge demand possibly because bitcoin has limited supply so demand grow supply keep and the price will be increase

Since bitcoin implementation and adaption were developed now, many accepts it for conveniently uses, more users can still get attracted to it knowing that it improves as te passed by.

I think that the reason behind the increase in bitcoin is the fact that the market is going crazy nowadays for its demands and a lot of people and countries and governments alike are gettig their i terest piqued in bitcoi.  However there are still trends to watch put for

main driving is demand but when gold and other down all will try to use bitcoin as future investment

specially after CME accepted it 

First factor why the bitcoin price will increase is because of us. Yes! Its because of our demand that keeps it increasing. It us who increase its price. It is a good factor because the bitcoin price can be a source of income and investment for people that want extra money.

I think what's behind this huge increase is the inclusion of new investors (I believe there are big companies investing a lot of money). I think the price will fall (but not drastically), it is natural that anyone who bought Bitcoin, wants to make a sale in order to use the profits (and I have no doubt that he will buy again). I believe it will continue to increase as new investors are entering the Bitcoins market. I do not know if it is possible to stipulate how long the increase will continue.

All of us that are buying right now . We are driving the btc price increase but however someone is holding and not selling , and when they gonna start selling ....welll...back to 2k I guess.

For me, what is driving bitcoin to increase its price because of some reason? Like bitcoin capability, and growing community. We all know you can use bitcoin to buy some things you want, through the internet or some company. Also, the growing population of bitcoin has the massive effect of its amount. When the demand for bitcoin is increasing the price will also increase, that is the main reason why bitcoin is becoming expensive. :)

BTC increases when many investors are patronizing it. So the more users the higher the price will go up and the lower the value then the price will start to go down. It is like the law of supply and demand. Bitcoin is a pioneer in the industry and it has already proven its worth so it will stay  as long as we are back it up.

The increase of Bitcoin depends on the investors and the trading market. For example, the more people buy into Bitcoin, the more the value would increase. However when investors sell their Bitcoins or trade them with other alts, the value would decrease. The trend of bitcoin, being known in the world would help increase the value of bitcoins.

I do not know, maybe this is due to spreading and the volume is rising high, so the increase is very fast. but after that it will come back down.
we see today. it is hard to go back up again, after falling from high ground.

What determines the bitcoin price is the number of new projects that are currently emerging, and the number of customers requesting the sale price of bitcoin but also bitcoin is obviously now very expensive from time to time growing rapidly

The bitcoin price depends on us, if we continue to use it well, then bitcoin will not go down in price. But lately many people just sell and buy bitcoin without using it, so bitcoin prices fall back.

Anybody have updates on BTC Lightening coming? I have a feeling this will turn the tide on the Bitcoin haters and people who are fed up with the lag and high fees, including me!

High demand of bitcoin is whats making its price increase. As it is the hot topic of discussion more and more new investors are attracted in investing in bitcoin and the common people have also started to find means and ways to earn bitcoin. So, the increase in demand is resulting in the bitcoins price to rise.
Maybe after a while when huge investor might leave their shares, maybe then the price would decrease.

Probably because of the new coin as a bitcoin competitor
and the emergence of various types of altcoin, will certainly be a rival of the bitcoin itself, all scrambling to occupy the top position because it is occupied by bitcoin at this time.
I think that's the reason

I think it is because of many people want to buy bitcoin and the price always change so fast. by spreading in many places and many people know about bitcoin, I think they decide to invest their money in bitcoin and makes bitcoin price increase although every increasing of the price, there will be a decrease of the price that will happen like in a few weeks ago. and now, bitcoin price is ready to increase back again after reaching the correction price although we don't know when the price will increase later.

Currency values are significantly affected by the supply and demand ratio of the coin itself and this changes almost all the time. For bitcoin's sharp increase, one factor would be the increasing number of investors and supply of the coin. Other than this factor, there are also others that may have affected its increase. One would also be the upcoming fork at that time which, by the way, was cancelled but then before the year ended, butcoin calue dropped
To almost half of its highest value last year.

For me I guess what's driving bitcoin to increase is its demand which one of the factors why value of bitcoin are constantly varying according to my research. And same as a stock exchange right, the value are constantly varying too depend on the demand of the people. And also I guess the big dropped of price recently in bitcoin based on my research is a price correction.

Bitcoin's continuous increase can be thanked to the high amount of investors that accumulate bitcoin. Moreover, just like any product in the market, it's value is determined by its demand. Which causes bitcoin to increase in value altogether because of the fact that the amount of bitcoin buyers and users is matched by bitcoin's increasing demand.

Maybe its the demand drives the btc to increase its prices. Since their are some holders which hold a huge amount of btc and some uses btc as payments for their transaction, also there are some investors are just waiting for the price of btc to get low for them to buy a lot of amount of btc  then hold until its rises again that causes low of supplies and higher in demand.

The rise of Bitcoin is bound to happen after such drop last month, I think people are again willing to buy Bitcoin, Bitcoin's price is  demand driven, as demand increases, so as it's value. The problem last time was Bitcoin grew so much and fast that people are not ready to buy Bitcoin at such price.

bitcoins operates outside of the remit central government, ,banks and other types of financial institutions , for these reasons bitcoins are becoming more popular everyday as cross border transactions can be facilitated easily not even to mention the upwards price movements that it is forecast to make this year, as a result of this the demand is growing daily for bitcoins and as per the law of demand and supply as demand increases so does the price.plus the Chinese new year is over so all those monies are going right back into bitcoins ;D

For me is why the bitcoin decrease because of the other country that banned earning and using bitcoin. And next the spreading of a fake news that make the other people panic selling so the bitcoin dump. All the problem is solve so the bitcoin will be pumping again.

There are a number of reasons, one maybe because altcoin asset holders are now converting theirs for bitcoin, thus the surging up in bitcoin price and bleeding of alcoins. The main driver for this selling of altcoins is the upcoming hardfork ,that's why they are selling and converting to bitcoin. All this boils down to the concept of supply and demand.

I am very optimistic about Btc., bitcoin's price increase is being driven by the hard forks happening,some reasons are the good news like adaptation and acceptability of bitcoin in the world.

Last two months some news were in circulation regarding regulation in USA,Ban in China & South Korea,facebook ban Cryptos ads,Financial Institutions provided huge funds to Youtuber,google and facebook to discourage BTC trading,due to these factors the price of BTC continued to fall till 6th Feb-18 when it reached to $5983,after this positive news from US Senate Hearing,Microsfot will use identification system based on block chain,Yesterday Trump also gave signal regarding regulation but will constantly keep eye on cryptos market,After these factors price of BTC is increasing day b day and today stand at $11500 which is a good price correction phase and it will determine future price hike.Also huge investment is expected as a fallout of which demand will increase and price will surge.

Hodlers drives bitcoin to the top, People supports bitcoin and The world let it be. The high demand from people keeps it alive , a high and valuable coin existing now. The ratio of demand towards supply is way too unequal than expected years before and many of us trust it and accept it and so the value of it is increasing.

I see that in every exchange, bitcoin is moving fast and I think there is many people try to buy more bitcoin and they don't want to be late to buy right now. and I think this is why bitcoin price is driving to increase and will increase more if there are many people still buy bitcoin and I am sure that soon the price will move into the higher price.

Reason why Bitcoin price is increasing because there are many investors who bought when the price was dropping. now they are only holding those Bitcoin and the demand is increasing so is the price. If you will check the price chart Bitcoin is recovering from the last drop.

I believe so.The users and investors of bitcoin are mainly the one that drive BTC increase.If they haven't missed the chance of buying cheap bitcoins last few weeks ago,then for sure they are still holding it up to now.I also think forks have something to do with price increase,but for sure after that price corrections will also appear.

In general, the price of bitcoin will increase when supply and demand differ widely. The price of incremental bitcoins is usually due to whales that have made a great investment revolution on bitcoin coins.
So when bitcoin increases, both crypto market will increase accordingly. That's what I know about the rise and fall of the altcoins and hopefully it's true.

if I look at the 2017 chart in the same month I hope next month there will be a bitcoin price increase.Can not be denied, the growth of Bitcoin value in 2017 is arguably fantastic. However, the criticism of this cryptocurrency is analogous to the 'bubble' (because it continues to fly high but can 'erupt' anytime) is still quite attached to the digital currency.

a lot of demand and limited supply, that's what keeps the bitcoin price up. everyone has different views and has different plans with bitcoin. there is a wait bitcoin down and buy it, there are those who continue to invest even though its value continues to rise. everyone has different plans and thoughts.

the increasing number of investors who jump in bitcoin world indeed it greatly affects the increase in bitcoin prices as well, especially if on the other side of investment and support bitcoin to go forward it also has an effect.

The increase of bitcoin is getting bigger when people buy bitcoin. this way the price goes up...so people drive the bitcoin increase

Elementary economics suggest that it depends on the demand and supply of bitcoin on the market and these are created and distributed depending on a lot of factors which are not centrally determined and so it could go either way depending other way all of us invest around the world and how many miners are present to mine at any moment in time.

The massive demand of bitcoin in the market is the one reason why btc increase it's price and  many people are getting interested to invest in bitcoin so i think this is also  one factor that makes bitcoin increase.

When OP started this thread asking question about market price increase and today you can see that market increased and then it got correction ed on January and now it is back moving up. But this time it is moving not on fud so we can expect that it can cross 14k price level

In my opinion, it is not about just supplu and demand anymore. It is more than that now. Bitcoin whales can now curb the price of bitcoins at their own will. They let go a huge amount of bitcoins to allow a massive price decrease or increase. It's kind of scary to think that 1 person can change the destiny of bitcoins.

I think the acceptance of the market and users will help to increase the price of it. Moreover, good news will also contribute the the huge price spike. There could be massive increase by the end of this year.

Bitcoin price went decreasing in January.

The increase is because people are buying bitcoin and understand it's price is going to go up and low price was not good.

I think will increase the number of requests and contributors or merchants. Some parties are dissatisfied with how limited the proposed changes are and even make a hard fork for bitcoin cash. For bitcoin prices will be 2 or 3 times higher than today or tomorrow. 8)

Demand and supply. With a lot of whales owning a lot of bitcoins and a lot of people owning about $1M worth of bitcoins, they can deviate the price of bitcoins pretty easily if they want to. But I guess it all boils down to demand and supply even if a lot of people are hodling.

Now bitcoin is growing and it is possible right now to invest for stable earnings

You can do a lot on bitcoins just need to transfer the bitcoins into real money through the exchange and act in full. in general there are a lot of exchangers now on the Internet

In my opinion, there are a lot of factors that can drive the rise and fall of Bitcoin price but it all boils down to the laws of supply and demand. The price will increase if more and more people will invest and hold on their Bitcoins because the demand will increase while we all know that the supply of Bitcoin is limited. so the price will really soar high.

if the high price spike is definitely profitable, and if it waits for the price to drop drastically and waiting to rise again takes a long time with certainty not necessarily good. I mean if indeed the opportunity price is high why should wait down and up again.

The fall in Bitcoin rates is due to the impact of various negative news on the Internet. Newly there are many experts have distinguished Bitcoin has failed to become the most popular currency in the world, the future of Bitcoin will be replaced by Ethererum, etc. But Bitcoin's exchange rate is still at its highest, dominance for over 40% of all cryptos in the cryptocurrencies market.

I think it's because many people want to buy bitcoin at the same time and this makes the price move to higher price and finally, we can see a new highest price. but for now, I think although there are many people buy bitcoin, the price still doesn't move to high price and only up and down at that level of the price. maybe if there is any massive buying order in the market, then the price will increase higher so I think right now and until next week, the price will be stable in that range.

Everything is influenced by the efforts of many people, of course each of the purposes of each person must be different, but I'm more wondering that Btc will continue to be pushed by many enthusiasts from time to time, though it often decreases.. Btc will not be forgotten.
For me, I have an investment in Btc, I do not really wishing.. but I'm still optimistic and believe that it still tends to continue lead to higher price. My investment is a my passive incomes, I just enjoying the developmets of the price and waiting to gain profit.

one of the rising prices of bitcoin is the number of investors who buy bitcoin. from early 2017 bitcoin investors increasingly crowded so that at the end of last year bitcoin prices rose drastically.

More investors and the positive spread of news about bitcoin helps to increase its value. Just like last 2017 when a big increase happened due to more people involve in bitcoin. If everyone will support this cryptocurrency then there's big future ahead.

The reason why bitcoin is so much alive today is that there is a sense of crisis in the act of printing money to save the economy. They have poor people, they can't afford other assets, they just want to buy bitcoin as an investment, and they have rich people with lots of assets, so they can hedge when the bubble bursts. What they have in common is a distrust of big government, and probably many people with tea party ideas hold bitcoin. And from the human nature of most people, a growth of an individual's ability to create wealth is far less than their desire of growth, the government in order to calm widespread discontent, are used to print money as a way to solve the currency not only won't break down, and stood in the side of the time.It was they who kept the price of bitcoins growing.

Driving people to invest in Bitcoin is always greedy behind human nature. And there is no "perfect" cryptocurrency in the world. Therefore, there are many options in the market.

 ongoing research reveals four factors that affect the price of Bitcoin. These include media hype and uptake by peers, political uncertainty and risk (such as the election of Donald Trump or the vote for Brexit), moves by governments and regulators, and the governance of Bitcoin itself.

1) Animal spirits
Economists have long had a notion that psychological factors affect investor decisions. This is called “animal spirits” and refers to investors making decisions based on the behaviour of other market participants and their own intuitions, rather than hard analysis.

2) Political risk
Political risk around national currencies can also affect the price of Bitcoin as people use it to hedge against price movements in a particular currency, or they need to quickly move large amounts of value out a country or currency.

3) Regulatory moves
Regulators around the world have had to catch up to the rise of Bitcoin. They must decide, for instance, how it will be treated by the tax system, or whether and what regulation applies to its use.

4) Bitcoin’s governance
Although Bitcoin is a decentralised currency, some decisions about how it will work or evolve need to be made from time to time. These also have an impact on the price.

The software used to verify Bitcoin transactions is created by developers and is run by miners (the global network people who verify Bitcoin transactions).

hope this helps  ;D

Well bitcoins are great for long term investment and also decentralised so it peeks interest of many investors and people.And recently as media has been spread info about bitcoins more and more which has attracted people's interest.

First and foremost, this is the information that appears in mass media. Today many articles about people that have become millionaires due to Bitcoin appear. Many guys start to believe they will do the same, many of them invest in Bitcoin and it goes up.

Some factors that may affect the rise of bitcoin is the rapid growth of bitcoin users and supporters, it is also moved positively when there is an increase of number of investors to invest in bitcoin, the positve news and good reputation of the market also pushes bitcoin to move higher and it matters also when there is a progressive regulatory moves applied in the bitcoin world. These factors will contribute a positive and good market fluctuation.

Bitcoin can be increased in the presence of global attention among various big giants in the financial sector. This makes bitcoin very popular outside the crypto community because it has attracted many investors from traditional markets. because the number of investors and the spread of positive news about bitcoin helps increase the value of BTC

Now bitcoin is growing and it is possible right now to invest for stable earnings

Yes, I too have watched the growth but for now all fallen and I think only three months to recover

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first Bitcoin futures products.

In my opinion most important thing is difficulty increase in mining and limited supply, because of this 2 we have potentially always increase in price.

Demand. It is the same thing that drives the increase of anything, the more people want it, the more expensive it becomes, especially with something with a limited supply like bitcoin.

It was the decision of big whales and institutional investors to push the price and gain profits from the artificial surge, However, I am happy to see that price collapsed and correction took place, from this point, Bitcoin will grow at a sustainable and natural rate which would help it in the long run. The primary reason for the price surge was greed.

It is important for Bitcoin to increase the number of people who know Bitcoin. They heard Bitcoin is a place to generate high income, fast. They can become millionaires within 1-2 months. So today Bitcoin has attracted a lot of participants, more demand from which to promote high Bitcoin prices. That is my personal opinion.

I would imagine it is the optimistic point of view from major governments on crypto in general. Theyve had a pretty open view on blockchain being the future..

I think bitcoin proved that after the fall there is always another upswing. The price of bitcoin has never been stable, but it has always increased over time, no matter how large the fall.

new buyers  ;D

When there is a new bitcoin hard fork many people are trying to invest in bitcoin in order to get the newly created coin after the hard fork for free. The more people are buying bitcoin the more expensive the bitcoin is going to be.

The only thing that the drives the price of bitcoin to increase is the demand from the people that are now moving in the market. That is the main reason for me and the only thing that makes the bitcoin increase. The popularity of bitcoin is getting bigger and bitcoin is now very well known so the increase in demand and also a huge increase in bitcoin is not a surprise for me.

Basically law of supply and demand may be associated with this. The higher the demand for btc the higher its value goes up. Yet there are factors that may hinder the rise of demand for btc such perceptions that it might go down continously or it is being banned from one country to another for some personal reasons.

In my own opinion, the price increases because of the demand of bitcoin. When there are more investors than sellers, the price increases and when there are more investors than sellers, the ptice decreases. That is why the highest bitcoin price last december 2017 suddenly drops because many people are selling their bitcoins.

high market demand but limited availability of goods, since the amount of bitcoin has been set can not decrease and increase while the number of people interested in buying bitcoin increasingly increases this is what drives bitcoin prices continue to increase from year to year

The increase now is because of the few bullrun last year. People still believe it will happen same this year.

There are numerous reasons for bitcoin's increase. Some of these reasons are caused by the people who use bitcoins and are actively engaging on supporting its technology. While some are caused by the technology behind bitcoin's creation itself. For example, the increasing interest of people to bitcoin which will then result to buying of tokens would result to an increase in its value, while on tge other hand, bitcoin's high volatility rate, the reason bitciin is unstable, could also cause bitcoin to inv
crease in value drastically

prices from Bitcoin are up and down due to regulation from governments in certain countries that have high cryptocurrency users such as China, Japan and Korea as well as America
when the government imposes a policy on cryptocurrency, the price will change, depending on the policy circulated in the mass media

What is driving BTC increase? - The most important point, in my opinion, is not even belonging to the new stage of human activity Blockchain, but a bonally dramatic price increase in just a few years, from one dollar to $ 20,000. I have many friends and Bitcoin has already heard everything - the first thing everyone says about Bitcoin is his crazy growth. No matter what the price is now $ 8,000, everyone understands that this price may be several times higher tomorrow.

At present, in 2018, bitcoin rates, as well as altcoins, have fallen from the beginning of the year to now due to negative news. But now that the G20 meets and declares that cryptocurrencies have no impact on the economy and finance, there is no need to regulate it, so the bitcoin exchange rate is rising rapidly, now reach more than $ 9000. And I see that news from the press influences the prices of Bitcoin or any crypto on the market today.

incentive to increase or decrease of btc is total supply and also demand and supply, when there is issue circulating about btc maybe there will be many sell btc and that greatly affect btc price. so I think it's a natural cycle for coins in cryptocurrency.

This is the reason why the price of bitcoin now is increasing and if this will be continuous we will see the price of bitcoin at higher price again and the fees shall remain cheap until it reaches new price. News are really affecting price from now on.
If the;
News is positive = price increases
News is negative = price declines

Mostly pure speculation and will to make some money.

But there is some points in short history of BTC when the price of BTC was pushed up by uncertainty in FIAt market as time of Brexit vote.

Investors and buyers are making the bitcoin's price pumped up the price on the market the more investors coming in the better the price and the stability of the market. There are lots of alternative coins that came recently and made great success and made bitcoin's price high.

the price increase was due to the Bitcoin gold fork. But because the price remains strong at $ 6k. This makes a general market conception of the price and many do not sell their Bitcoin after a fork. After that a series of positive news has come related to Bitcoin. Bitcoin gained global attention among the big giants in the financial and banking sectors. This makes Bitcoin popular outside the crypto community and has therefore attracted many investors from traditional markets. There was a spike in investor interest recently in Bitcoin. Because of all this, money flows from altcoin and goes into bitcoin. All these together have brought this enormous price spike.

The number of enthusiasts also affects, in the sense that the more days newcomers continue to arrive while the number of bitcoins does not increase. Well, I think bitcoin prices will be hard to get back at a price like 3 years ago where bitcoin users are not much this year and beyond.

the price increase was due to the Bitcoin gold fork. But because the price remains strong at $ 6k. This makes a general market conception of the price and many do not sell their Bitcoin after a fork. After that a series of positive news has come related to Bitcoin. Bitcoin gained global attention among the big giants in the financial and banking sectors. This makes Bitcoin popular outside the crypto community and has therefore attracted many investors from traditional markets. There was a spike in investor interest recently in Bitcoin. Because of all this, money flows from altcoin and goes into bitcoin. All these together have brought this enormous price spike.

The supply of Bitcoin is limited and most of the traders wants to hold the coins in order to make more money through Bitcoin trading. The demand for Bitcoin buyers and sellers are increasing, most of the people are not selling their Bitcoin and that's why Bitcoin price is kept increasing.

supply and demands of bitcoin giving an impact on the price and I think this will makes the price increase although there are many possibilities for the price to get down too. because we don't know exactly the factor that could drive bitcoin price increase, we only could buy at the lower price and wait for the price increase higher. and that is true that many people still hold their bitcoin for now because they want to sell their bitcoin at the high price so they can make a lot of money.

I think altcoin is the main reason for boosting btc prices. when we need to buy a certain altcoin. First we have to buy bitcoin first and then exchange with the altcoin that we need

The new ico is the main reason

On my mind the people’s interest is the main reason why Bitcoin is growing. When the price overcome the demand we will see how Bitcoin is falling. This is common rule which you must have in mind.

Generally crypto currency earnings are risky because it is an informal currency and can collapse at any moment.

Right now, that's good news from the G20. That means trust is to be found in the future. Investors and users can be assured with the happiness. At least rumors of distractions in doubt have crossed. bitcoin and crypto values ​​will recover ->> We will continue to hold on to the guarantee.

In today's economic context, every financial product needs to be backed up with a security scheme so that the big investors who invest in it are not vulnerable to losses. This security scheme is usually a hedging in Futures or Options markets. In the past, Bitcoin did not have this scheme. However, by the end of 2017, two managers of the world's largest futures exchange, CME Group and CBOE, will launch their Bitcoin Futures product. Therefore, the big investors who want to invest funds in Bitcoin can do hedging. Moreover, it also allows large retailers such as Amazon, to adopt payments using Bitcoin. So, not only will Bitcoin be increasingly sought as an alternative investment asset, but also its use in payment systems as well as fiat money, will continue to increase.

basically what's making the spike in bitcoin price is the investors, depending on how much they invest. The basic law of ECONOMICS explains it all. Bitcoin is limited in supply and many people are investing in it that results in an increase on its price.

I think the influence of the news around the cryptocurrency is the driving force in bitcoin price. I seen most ICO will accept BTC, ETH, LTC and in credit card. So, the increasing numbers of ICO is not the main factor for the changes in price as not all ICO had reach the hard-cap. Indeed, the majority of investors will dumps their coins if bad news has came in crypto.

There are various mechanisms for ensuring the confidentiality of users, and even more is in development. However, there is still a lot of work to be done so that these functions can be correctly applied by users.

The popularity of this bitcoin does make the price of bitcoin or its increase is quite large. and the encouragement of the community that makes more and more people interested in bitcoin today

I noticed that the main factor of Bitcoin's price spike was the growing demand for Bitcoin. That way, Bitcoin is becoming more popular and I see that it can be used as a reference of various digital currencies that exist today. When a coin is getting sought after by many people and then supply decreases then price will keep increasing. But when demand is decreasing and supply is still a lot, it is certain that the coin will decrease its value. So we can say this as a thing that is very influenced by us all, the user of digital currency.

BTC increased factors on its investors and market capacity demand. The more the investors joining bitcoin community the better the market price it will get. The more the demand the higher the price that bitcoin can offer.

For the last 3 months the bitcoin price is at a decline. I think now this time is about to end and 3 month is enough to see the bearish trend. Soon we will be seeing more growth in bitcoin prices and a bull run might start by the end of April. The thing is that Bitcoin is not a ponzi scheme , it is a real digital assets and it demand has not been lost even if its price is down a lot.

The more wanted bitcoin prices go up with it. Bitcoin is the first crypto currency that people tend to hear. More and more people are starting to see the potential of bitcoin so as a way of making money they can see buying and holding even for a few weeks can make money

It is not like that. The market of bitcoin is now on a very bearish trend and the bears are really strong to be defeated by the bulls in the market so i think that we will stay on the bearish market or in a decline market for a bit longer than before and we are like going back to the past dump moments of bitcoin because of the abnormality of the growth of price last year.

which drives growth in BTC currency development ecosystems are you, traders, mining, merchants, financial institutions and exchanges, then you represent a community that works in turning the wheels to ensure supply circulating the BTC has always lived balanced so that the risk rate for the size of the change in security value over the BTC price does not go beyond inflation rate.

currently too much drama played by public so they want the BTC to return at the lowest price in its history so that they may benefit later in the same way as the previous one

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because first more and more of investors and people are being attracted because of BITCOIN'S POPULARITY and also the BIG HIGH PRICE bitcoins do offer nowadays.. imagine people are driving crazy because of money .. and I can't blame them because I am taht kind of person too Grin
which makes the bitcoin price to go climb higher as the time passing by

The reason why bitcoin has been so alive since 2009 is that there is a sense of crisis in the way the money is being saved. They have poor people, they can't afford other assets, they just want to buy bitcoin as an investment, and they have rich people with lots of assets, so they can hedge when the bubble bursts. What they have in common is that they don't trust big government and they all hold bitcoin. And from the human nature of most people, a growth of an individual's ability to create wealth is far less than their desire of growth, the government in order to calm widespread discontent, are used to print money as a way to solve the currency not only won't break down, and stood in the side of the time.

There are several reasons to increase Bitcoin value. First, Bitcoin's rise in price at the end of 2017 has attracted many investors. Although Bitcoin has fallen sharply, many still expect Bitcoin to grow rapidly, even surpassing its peak. Second, many believe that Bitcoin will be a new trend in trading, so investing in Bitcion is investing in the future.

The price of Bitcoin is based on what people are willing to pay for it. Currently there's a lot of people speculating that it is going to be worth more than it is now and they're willing to pay the current price for that reason. There are also people that believe in the technology and we'll be holding onto Bitcoin no matter what the price is. These people are outnumbering those who are selling which is why the price is going up, though at the time of this post some people are dumping their coins and diving the price down.

Bitcoin has a finite cap of 21 million coins, of that 21 million 16,700,000 have been minted. So while currently there are 12 and a half Bitcoins made every 10 minutes, this with tamper down every 4 years until we reach the 21 million cap. Basically the vast majority of coins will most likely be mined by the year 2032.

Any good news (such as the acceptance of Bitcoin payments in large companies) and the entry of large liquidity from large investors

Once, when creating a crypto currency, bitokoin Satoshi Nakamoto was initially laid down the trend of price growth, which is provided by the algorithm itself, and this can not be changed.

The problems with the instability of stock markets have recently been one of the reasons that many investors have chosen to invest in bitcoin, losing faith in traditional financial systems.
Investments in bitcoin proved to be the most profitable, from all the offers known in world history.

The rapid growth in the price of crypto-currency is backed up by a far from stunned interest on the part of users. A great interest is not bitcoin itself, but its forks. Accordingly, having already an advantageous currency bitcoin, users can also get a "newborn" coin.

The demands of the people is the reason why the bitcoins are increasing right now and that is the good thing if you buy bitcoins before when they are on their lowest because i knew that this time will happen it is just other people do not want to believe me so they do not have profits today that bitcoins are rising and lets hope that those things will be stable and the bitcoins will rise consistently. And i wish that they surpass their last highest price in the market

Well I just realized this was an old thread, so the huge correction has already bitten us for the last few months. Now over the past two weeks we have had an incremental price rise of Bitcoin and some altcoins but I am really not sure if we are out of this bear market round just yet so I will not rejoice and jump up and down just yet. Segwit and lightning networks might be a reason now to make people more confident in buying up and using Bitcoin and also now more companies are working to improve the general cryptocurrency market infrastructure with things like Universal wallets and fintech services, merging banking and crypto together.  :)

 Growth bitcoin stimulates interest from institutional investors. Various hedge and investment funds, banks and companies are increasingly showing confidence in this crypto currency. The ability to conduct futures trading through bitcoins opened the door to the biggest bourse in Chicago and New York for Bitcoin.

For me the main driving force of Bitcoin's price increase is the strong belief and undying support of its community. You can't deny the fact that Bitcoin has faced and survived all the issues through the years and it is still continuing to grow, and increase its price regardless of what the media or any government says. As  a part of the community, I have a strong belief that Bitcoin has provided and is still providing us means to earn more for our families, also a means to save and invest for the future, that alone is enough for me to stay true to it and trust it that it will continue to bring good things to me and my family.

For me common factor that drives bitcoin price even higher is the law of supply and demand. though we're been in bearish market and almost 3 minghs of correction but the popularity of bitcoin are still getting stronger more and more people are getting interest and want to buy some satoshi of bitcoin hoping it can give good returns in the future.

Most likely due to supply and demand. Bitcoins have been the most sought after cryptocurrency in history and a lot of people have been aching to own one. Next thing would be competition. Bitcoins have been the greatest cryptocurrency so far and a lot of currency have been trying to be the next bitcoin.

It is not so. I would add that positive news and trends in relation to bitcoin stimulate its growth. And of course the capitalization of the bitcoin market affects the price. Therefore, there are bears and hamsters that create artificial growth and fall. So-called pumps and pumps.

I think people now become smart with something new and if they think that bitcoin will give some benefits to them, they will invest their money in bitcoin and it means, it will attract the price to increase. and I think it's about supply and demands from the people which is use bitcoin for many purposes and they don't just use bitcoin as their investment but they also use bitcoin in trading so it will makes the price is up and down in many times.

If I just hope that bitcoin will continue to exist in the world of cryptocurrency until whenever because anyone can try to invest and able to provide opportunities for them to live prosperous and able to reduce unemployment at any time.

which is the effect of bitcoin increase in my opinion is due to the very limited total supply and not only that many enthusiasts and the demand for bitcoin is also the main cause of bitcoin price increase.

Bitcoin will always be there but nowadays too many people are abusing bitcoin with the concept of fraudulent investment. this makes the name of the bitcoin just disappeared because of the stupid thing of the person who made the concept

Any racing price in the financial market is primarily a supply and demand and the crypto market is prone to the same.

The growth was caused by the HYIP around bitcoin and so it came to $ 12.0, now it will just be a gradual increase or wait for the full recognition of bitcoin as a currency, that's when there will be a sharp jump that will bring millions to large companies!

soaring bitcoin I think this is still the influence of segwit that started in august until november, and in my opinion many people are hoping for bitcoin down and up again and i also hope so, and i now also glance at the coin in altcoin that when this price is very good to buy and save for some time until the price increases doubled

The bitcoins are increasing because of the high demands of the people we all know that hing because the bitcoins and almost all the other cryptocurrency in the market are volatile in a way that their price depends of the demands of the by the people that is always been the bitcoins cause why they are rising or falling so just hold whenever the bitcoins is falling we all know that not all the time the people will buy it but when it pumps into the market you will not regret the factvthat you now hold it.

As demand says, supply creates supply, and as long as there are buyers for it, the price will increase. I myself invest in Bitcoin

the recent rise in the price of bitcoin is the result of an upcoming fork. As soon as this happens, there will be a serious price correction.

I believe the fork you're talking about it Hexxcoin. But that's untrue. It has very little to nothing about Bitcoin's recent price increase. Like Everyone is saying, The bull market is back so that's the major reason why you see Bitcoin and everything else going green. There would be corrections but not anytime soon.

It's always been a question as to what is the reason of bitcoin's market price increase. IMO, it's always be the demand of the people that's driving bitcoin price increase most of the time. While other also claim that the price is being manipulated by some whales who own big quantity of bitcoin.

During this time, the volume of trade is very limited because many market participants are out or rest / take a break after the incident Bitfinex hack. A short squeeze can turn a small increment into a big jump, but it can not turn a flat line into a big leap

Demand no doubt increases BTC.  That's how it has been and will be as it gains more popularity and acceptance in different fields of commerce and industry.

The market demand is very high, this is the reason why Bitcoin can rise quickly at that time. Bitcoin's actual rise in turbine influenced by the culprit itself, and it is certain if the supply of Bitcoin a little and big demand. then the seller will sell their coins at a very high price.

The price of Bitcoin depends on its demand. Its price increase as more people buys Bitcoin. That's why when you see many people are buying, price tends to go up. Because of Law of Supply and Demand. And when many sell their Bitcoin, price tends to go down.

demand generates demand, demand generates supply, the more bitcoin is bought the more it grows, I think that if the azhatz leaves, then the asset will be like gold, stand in about the same diapason!

it's true that the trade-industry sector chooses to invest its money in cryptocurrency, will make bitcoin more expensive, the more people know about bitcoin and invest it will also make bitcoin more expensive

I think this trend will continue. If it will drop again then maybe the manipulation issue really does occur. Those guys do really have the capability to control the market.

yes I will keep holding bitcoin to profit with capital confidence and patience will surely be able to gain in investment

I think that this is a bubble, but not in its pure form. And because of the fact that the market poured more funds than he produced products. And so the crypt is technology and they will grow in price.

I think part of what drove the price spike late last year (when your post was made) was JP Morgan coming out and saying that Bitcoin was a good asset to have.

I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 8k9 is a lot for it,  but it's still going up I believe. I hope bitcoin will one day soon pass 20k,  but that could be a very long shot.

The increase in the price of bitcoin is affected by many factors. Not a small role is played by the positive news that relate to bitcoin. For example, if a country accepts or prohibits bitcoin, or bitcoin becomes the official payment system of a country. This all affects its popularity and hence the price. And another factor is the capitalization of bitcoin. The more people learn about bitcoin, the more money is poured in. It's simple.

Modern blockchain technology and humans have promoted bitcoin development. Modern technology helps investors trust and use bitcoin. They are increasingly involved in bitcoin, helping the nation's economy grow.

I hope the bitcoin price keeps increasing because I've saved it, I think a coin will be high in price if the demand for coin is a lot, and vice versa it will be low if the demand is low.

Which are the most serious expectations for 2018 in your opinion?
Is there any other fork planned soon?

The number of investors who want to invest in bitcoin is the  reason why bitcoin is  increasing.

I believe that it's because of the fact that more people are investing in bitcoin, that's why it is increasing

For the main driving force behind the rise in bitcoin prices is the supply and demand in the old adage. More than half the amount if bitcoin has been distributed and I hear about 35% have been lost since out in 2009. This means there are only a number of bitcoins and there are a lot of people trying to buy them right now so this only pushes prices with how many requests there are international markets . 8)

I think the Consesys meetup in May is having an effect?

The people who investing their money to bitcoin as well as altcoins are the ones who made the crypto market pump again, we all know the if more people invest here then the price of almost all coins will increase because there are more demand over the supply. And like what happened last year when bitcoin pump very high during its mid to last quarter of that year where we all didn't expect that much to happen. So right now it's better to hold than to sell your coins for you to give support on the coins movement in the market.