Bitcoin Forum

Why is bitcoin going 3% up each day?

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

There's some speculation that people want to get bitcoin before the fork so that they get money on both the incumbent chain and the SegWit2x chain.  After the fork, it's to be expected that the price will drop.

I'm afraid that people don't realize how different the 2x fork is going to be. It's going to be a lot messier and a lot of people that don't know what they're doing are going to lose money trying to split their coins. I'm anticipating a drop after the fork.

CME Announcement brought 100K new users to Coinbase.com which is one of the largest bitcoin's exchanges. Which caused a big "boom" to bitcoin's value.

It goes up until the fork. After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.

so true.
all this happens because of hard fork that happened.
human sensitive with anything free.
because most crypto users already know that segwit will form a new coin that was born and will be distributed for free.
then they all choose to hold bitcoin until the occurrence of hardfork

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

Well there's always been drops after a fork but it somehow finds its way back up because those that abandon bitcoin on;ly give others the chance to own them and so the price eventually rises back to defy the odds. You might be right about your anticipation but that is not going to be the end of bitcoin.

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

I'm quite sure that was disproven after they held their meeting and it wasn't announced that they were adding support.

Bitcoin goes up by the help of many people work here in this online job. If it happens that bitcoin someday has a huge crash there is a possibility that the 8k by now goes 5k and it was the biggest down of bitcoin. But right now for me bitcoin really goes up by the help of many people by posting something that they knoe about this online job.

I think its because of the upcoming fork , more and more people are buying bitcoin becuase of the segwit2x fork which only means bitcoin demand is rising so even the price of it.

Yes because people wanted to have profit by then the hard fork will start. At least any percent users will grab its opportunity to earn by buying bitcoin. As of now bitcoin price is increasing so it is the reasons why continue to increase.

There are lots of factors for the price rise.
1.Upcoming segwit 2x activation when a hard fork is expected and so free air drop and free coins.
2.CME announcement that it would release BTC ventures.
3.People finding bitcoin as the best way to double or triple their investments within a short period.

If segwit 2x fails to get enough support,then bitcoin price would trigger.

Ok I guess this is the real reason of pump.

I think the main driver for this sudden pump in bitcoin is really the segwit2x implementation. I'm not sure though how can we claim this free coins once again. Too many forks sometimes its really getting out of hand. I also heard that there will be another one in December called Bitcoin Silver now.  ;D


Any rumor is good for the market because it is based on speculation.

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the  BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

I could see this being an accurate representation of what actually goes down. I think, however, people for the most part know that the forked coin will not be much to think about. It seems like for the most part, people learned that the forked coin will not be as popular as bitcoin just through what went down during the bitcoin gold fork.

For the most part, I see most of this happening. I don't know how much of a drop we'll actually see, but hopefully it's not too bad. January should be a good time for BTC, considering the drop from this fork could continue on for a month.

It will be interesting to see how the segwit vs segwit2x war ends. I am still holding my Bitcoins since I still expect it to continue its rising price. I'd been actively monitoring   speculations and most people are seeing this coming fork as free money. Now I realized that if Bitcoin Core retains its control in the network then Bitcoin will have another heavy rally.

Everyone has been chasing to get more bitcoin before the hard fork and that's the closest so far that I can give. And have you seen the price starts to get down again? Care to ask why the price starts to decrease now?
Waiting for this moment but there seems to be a lot of support for Segwit2x but everything can possibly change before and after the hard fork, I hope price will be triggered to climb after this.

People had failed to notice the growth of bitcoin cash along with bitcoin. It has grown to $640 from the price around $300 in a lesser time period. In a recent thread saw an quote mentioning bitcoin cash as affordable version of bitcoin, because of the price. Now it has come to reality providing growth along with bitcoin.

So the fork that is about to happen later this month is far different from the previous one? If the price of bitcoin after the fork, drops, there will be a huge possibility that the price of other altcoins will suddenly increase right? This might be a good chance to trade in our held altcoins to bitcoin after its price drops before the price of bitcoin will surely rise again after some time.

Positive news like this can really make a difference in the price trend. A lot believe that it will go up and a lot would buy thus increasing the demand for correction. It's possible that it will continue to go up for some time now since these positive news just popped up, then there may be some price corrections after. With regards to the upcoming segwit2x in November, everyone must be trying to buy some bitcoin right before that happens.

For me bitcoin will continue to increase because people who use bitcoin will increasing and many are encouraging others to join us. And also theirs a lot of people who invest their money so that in the near future they can earn bigger which is it gives an impact of bitcoin if people investing some income.
And maybe also the program of bitcoin coming can make this org. Up, us i heard their plan have a big impact of others So that they will continue and more active to work in bitcoin.

everyone wants to catch their own b2x. Some exchange sites alreayd made hype to the next fork caused by already released the more statement to trade the bitcoin b2x before the network will be alive.
This will be different with the bitcoin gold as fail coin.

Many people are buying and getting themselves involve for the upcoming fork. There are also so many good news that are pushing people to buy more bitcoin as they don't want to miss a big pump to bitcoin soon. Everyone is just preparing themselves to whatever possibility that will this fork will bring up. The only thing that is coming to the minds of the new investors is that bitcoin will be flying up to the moon so as early as now, they are keep on buying.

Bitcoin goes up because of the help of other people working here online. Other people never notice this but they are the reason why bitcoin goes up in about 3% up each day. They are the reason why bitcoin goes in a higher price now and we all know that sooner or later their is a possibility that bitcoin price must as higher as now that people working here brings. Everyone who is interested in here has a great talent to have right to work in this job. They always think that it will becomes much higher as soon thats why they always keep on buying bitcoin.

Bitcoin is unstoppable now with the price that increases daily. This means people are continuing into buying of bitcoin and this means the demand is growing. People are even buying btc because of this hard fork to increase their investment.

Well practically even though there are huge competition out there for bitcoin, still people prefer much in bitcoin because of its longevity in the market that means it's  here to stay for good they trust it because it survive that long. Well either it's  never to wrong in investing in altcoin and bitcoin.

Its funny..Everyone saying how Bitcoin is to replace the current money ruled by the government. But the only reason Bitcoin is traded to gain the money everyone was so against. No offence. Bitcoin is a brand to sell, because there is a bunch of other crypto's that are much better than this coin..Most are glorifying this coin for their own personal gain. I like Bitcoin, but this bubble is absurd. It could hurt many investors. There are approx 1000 wallets that hold the majority of Bitcoin. If the price was reasonable we could see more investors jumping in. Now its starting to look like a scary investment because no commodity jumps up this high so fast without a correction..Especially that this is unregulated and with the money invested in it it should be now..Who wants to invest thousands of $$ in a commodity that has no safe guards to prevent theft.

the huge demand for bitcoin that keeps the bitcoin price up, this gives rise to a high volume, as the number of requests grows every day, it is certain that bitcoin prices will increase every day. because the bitcoin price is set by the user and no one can control it

I think the major reason why bitcoin is in bullish momentum at the moment is because of the acceptability of bitcoin at the moment. We are seeing bitcoin been accepted by individual and many are now see it as an investment angle . Those that buying bitcoin early this year when bitcoin was below  $1000 has make over 600% returned in just 10 months and sharing this testimony, make many newbies to invest into bitcoin. Another reason why bitcoin is getting pump now is the coming hardfark that will lead to splitting of bitcoin and bitcoin gold.

maybe it is because investors of other cryptos are moving towards bitcoin at this moment wherein its market value is continuously increasing and it also means that huge profit will be to its users and investors that made more people.interested on investing to Bitcoin. And with thid, the demand is getting high that makes the value of Bitcoin more expensive in each day.

Most people hold their coin back because of the fork that is coming so as to have same ratio of the forked coin to bitcoin (i.e 1:1) after the fork takes place, and some (whales) just hold to control the market price.

Obviously because of segwit2x, many people are buying and holding their bitcoins for the upcoming fork on this november. That's why the price of bitcoin is increasing so high around $7,100+ right now. I think the price will start fall when the fork is done, i predict it will hit back to $5,000-6,000.

going 3% up is normal. Bitcoin fluctuating prices by market supply and demand. Bitcoin increased demand, prices rose every day to buy, so is obvious
the majority of comments that people are trying to buy Bitcoin to get Bitcoin2x free

Yes a dump will probably happen.
Even if the fork would get cancelled the last minute we would see a bigger correction imo.
$5000 seems realistic, maybe a bit lower, depending on how dirty and messy the fork will be combined with widespreaded FUD and lies.
Will be a huge opportunity to buy more BTC!
The question I always ask myself at the moment is, if we will see another quick rise like the last few times or if we entering a short term bear phase or at least some consolidation on a lower level like ~5k for a few months maybe. I mean we had crazy year and the big guys wanna get in, of course for a relatively cheap price. Keeping the price down by those guys and testing the patience of the noobs who entered the space just a few months will be pretty interesting to watch. Who really believes in Bitcoin and shows strong hands??!!!!

Because its demand in the market is getting bigger and since its price and value is related such that one is proportional with one another, same thing will happen toanother either negative or positive. So since its value is continuously growing and becoming more expensive, maybe its demand is also continuously increasing.

For now the price is a range bound and have actually recovered from 7k levels to 7200 $ approx now trading at. This is a good sign and hope this can maintain itself at this level with the fork coming up shortly and expect the price to rise like the last time and make some money out of this fork.

It would have been nice but unrealistic. After each fork bitcoin price falls. I think that this time will be the same. Only this time, we can observe a more prolonged decline in prices. I hope that the confrontation of miners with the developers will not grow into a phase of active confrontation.

I think that is because the number of users and investors makes the bitcoin price higher. Popularity makes the bitcoin unstoppable and become the strongest cryptocurrency. So at this moment i realize that i should hold my bitcoin before so that i will gain more profit.

some ppl sell their altcoins for get bitcoin and trying to hold on btc.
but i guess , bitcoin supply its just 21M , and the users maybe x10 than the supply , maybe more.
this reason make bitcoin popular and a lot ppl trying to buy btc , and all holders of btc trying to sell btc with high price , everyday btc price is raise up.
Just my opinion.

Excessive demand drives btc continues to rise as well of alt holders that are to return on btc. Until make btc really grows very well these last few days.

There could be several reasons for that;
1) hard fork
2) community is getting bigger and more people are buying bitcoins
3) to many hodlers no one is selling
4) someone is pumping it
5) All of above.

because of the coming fork .After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.every one want this profit..this is the reason..

Not only the people here who works online are the main reason why the price of bitcoin is pumping but it's mostly because of the whales that are buying more or it's simply because of the high buying volume in exchanges. The 3% increase of bitcoin's price everyday is really something that's hard for me to explain but to believe that it's because of those factors, the opposite reaction can happen effectively too and might happen even worst from what we usually experience.

It is not 3% each day but there is a very consistent growth for Bitcoin right now. This is mostly brought by the upcoming fork which is deemed very important for Bitcoin holders. For the past instances of Bitcoin Cash and Bitcoin Gold, there are free of these two kinds of coins to the Bitcoin holders. That is why, right now that B2X is coming, people are rushing to shift to Bitcoin in order for them to avail of the free B2X coins. The demand therefore rises.

Bitcoin price movements can not be ascertained because sometimes it decreases significantly, increases significantly and Bitcoin prices can be stable in a long time. one to note is the emergence of B2X which can make some speculation, It could be bitcoin prices decreased and could be increased. but when the demand factor is still high and also the public trust to Bitcoin is still big then I am sure bitcoin price will not decrease significantly. even if bitcoin can continue to be developed and applied to various financial aspects of the world then I am sure that Bitcoin can reach its heyday as a legitimate currency.

I agree, bitcoin community will growing up so fast that's why bitcoin value was grow up too. In addition due to high price of bitcoin in the market, more capitalist were attracted to invest because they were surely that bitcoin value will become more in demand in the future.
Definitely I was invest more today because I was expecting raising up bitcoin value for this coming days.

The main reason it lots of new people are getting connected to bitcoin each days so the demand is continuously increasing ,which causes the price keep growing.
 And there is a upcoming fork in the next month and the altcoin market is very low at the moment. So investors have more faith in btc than any other coin, now.

More people adopting crypto in general. Majority of people start by "investing" in btc. at the moment there is more to it as there is a hard fork due in mid of november so people who missed the free bitcoin cash in august ended up grabing (or still waiting) bitcoin gold in october are up to grab the opportunity for segwit2x too .

Also there was amazon news too which helped to soar btc too which in result has placed bitcoin in the eyes of many new people which are getting into cryptocurrency .

Perhaps this is due to the continuous increase in Bitcoin's demand because people are getting ready for the upcoming fork (cancelled now). The increase in demand is the only factor that would provide justification to the exponential increase in Bitcoin's price. We should be aware that Bitcoin is not yet that popular around the world. And since Bitcoin is progressing in this matter, the increase is not shocking at all.

today bad news for Segwit2X make price up more than 400$

bitcoin has a fork in November so before that the coin price would rise quite high and there are many decks and online wallet supporters receiving coin after the fork so many investors invest a large amount of capital to buy bitcoin led prices will rise

I think it is because of the hardfork that's still on going though they canceled it on no time, i wonder what it could be that make them stop it. BCH or BCG i think we bitcoiners would be going to split if we have to support either 1 of these alts.

It's down again at $7,300 and this made every single trader to be confident with the alt coins. They jumped already and pumped some popular alt coins out there, too bad that I was into a nap a while ago and did missed the chance of buying some bleeding alts. Anyway this is just a very few reason why bitcoin is up before because of the cancelled fork but know there's no more worries of taking over the network and choice on what chain to support. This bring up everyone's confidence to buy some more bitcoin.

Well it's due to the consistent global adoption of bitcoin because it seems to grow consistently in recent times but it took a deep dip about three days ago ansd hoping to see it recover some time this week.

As we know recently bitcoin is legal in India and amazon also accept bitcoin same few more countries have accepted bitcoin so there is no doubt that bitcoin users have been increased so when the trade Will be increased so definitely price will be also increased so I think that is the reason that the price is going up day bay day.

Cancellation of Segwit affected the price of Bitcoin positively, almost all Altcoins prices started to rise because people turned to Bitcoin to earn free money and then returned to the old order.

Yes possibly because of segwit cancellation that price of bitcoin drops lately. It goes up when users continues to buy and also the demand is increasing. Also, people goes into bitcoin because of the profit can get.

I would be much happier if the conditions were like this because then more people would trust and invest their money in bitcoin. this is a good momentum to increase Bitcoin's capabilities in the marke share.

The sharp rise of bitcoin can scare off potential buyers. Honestly say that I do support the idea that bitcoin should remain stable. It seems to me that the main goal now should be able to buy and sell goods directly with bitcoins. This will give impetus to the growth of popularity of bitcoin is much more than raising its prices several times.

Last few days the price of bitcoin decrease but after few days it will increase again.
For sure many investor again buy bitcoin because they want more profit .

there were reasons for this, one of these reasons was bitcoin gold, then segwit2x and the current reason CME Bitcoin Futures Market (http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html)

"
Bitcoin Bulls Get More Bullish, Ronnie Moas Revises Bitcoin Price Prediction
 (https://cointelegraph.com/news/bitcoin-bulls-get-more-bullish-ronnie-moas-revises-bitcoin-price-prediction)

Increased awareness and investment will drive price rise
Ronnie believes that the price increase will be driven by increased awareness of Bitcoin and a larger proportion of the world's population investing in it.

It is estimated that less than 0.5 percent of people currently have invested in Bitcoin and Ronnie believes that this could increase to five percent.

Since the supply of Bitcoins is fixed, the demand-supply imbalance will cause the price to soar. Bitcoin's current rally has clearly divided people into two opposing camps, with the bulls becoming more bullish and the bears crying bubble. "

The price will be much higher in the next years

Indeed yesterday the price of bitcoin continues to increase every day and now bitcoin down, because bitcoin prices are unstable. and while the bitcoin decreases, that's when investors buy large amounts of bitcoin to get bigger profits when bitcoin prices go up and the price is higher.

Actually recently bitcoin is arrived to some countries and they accept straight away and they are very big countries in trade so a lot of investors and trade have join bitcoin so that is the reason biotin is going up and I’m sure end of the year bitcoin will be accepted by some more countries so in future of bitcoin will be more high.

Well to add up an idea about that, it’s a simple reasons behind and seeking more profit form the purchased bitcoin can be so profitable if these people who buy back will control their emotions upon holding a good amount of btc. Not just that desired made them decide to desire to buy more assets, but they really seem to be attracted with the recovering price of bitcoin after the decrease few days ago, some were having regrets diverted of diverting to bch that’s why they dump bch immediately and back to bitcoin.

Yesterday the price of bitcoin is only 6900$,now it crossed the value of  7240$.This is what many expected.This is an expected move of bitcoin price.All this happen only due to increase in demand of Bitcoin. Since the fork is nearing,the price of bitcoin will keeps on increasing till 22 November.

Some what right.Due to fork too,the price may start to raise.Since the Christmas time is coming ,that also one of the reason for the raise.Many are investing now by considering the fork and the Christmas.At this year end the price of bitcoin will be 8500$.I had inverse and waiting for that value.

because every day more and more new people want to know and learn bitcoin, and that's where many people are getting interested to invest in bitcoin and make bitcoin prices always up

It has been attracting a lot of interest, I believe institutional investors are flocking to it because of the potential to make big gains compared to other assets.

They must also see the value of a decentralized network that allows P2P transfer of value without third parties...

Bitcoin increases because the number of bitcoin enthusiasts is not proportional to the number of bitcoin so many people compete to collect bitcoin even though the number of bitcoin in the world is still small so it can drive a fantastic bitcoin increase price.

It is due to the upcoming fork. Bitcoin's price going and getting high. This maybe gonna crash at the meantime then go back to its high price again. So wait for the perfect timing where you can gain a huge credentials.

The moment we continue to look for reasons why the price of bitcoin is either increasing ot decreasing, we will always get a reason but everything in my opinion is based on speculation because the real reason behind such movement is what we are still not getting. Let's move beyond this and accept that its normal for price to either increase or decrease rather than looking for answers where there is none.

I think this price rise is just because of bch pump-dump action.
They get free money and now started to buy bitcoin again. I hope miners will stay on bitcoin network so remaining transactions problem can be solved

Basics of bitcoin is to use it as currency mate and this can happen only in one way when people will feel that bitcoin is more fascinating as compare to the normal flat currency and those who are true believer they will never scare off and this thing will give more rise if bitcoin will replace the paper money and that will take time to achieve that goal so that’s why people are getting benefits from its investment mode,

Oh really? 3% a day? I can't see the increasing of 3% a day of bitcoin maybe a week or after the decreasing of price. I think the reason why bitcoin price goes up is because of increasing the user and the volume of bitcoin. It is because of some countries who are the big investor of bitcoin now adays.

The main advantage of bitcoin are network effect and proven security. Both are nearly insurmountable advantages. As bitcoin evolve, we can expect bitcoin to grow in expected ways as new utility is found. Bitcoin owners can expect that its usefulness will only increase over time. In other words, bitcoin has already lapped the field and has the ecosystem and the resources to compete with significant advantages

As people who are interested in Bitcoin are increasing, the price of the Bitcoin also increased. Nowadays, many people want to invest in Bitcoin because they can see that it's working successfully. As investors are always willing to buy large amount of bitcoins and the demand for Bitcoin is also increasing, the price of Bitcoin will continue to grow up until it reach its highest peak as we didn't expect.

i agree cause that are the common reason why bitcoin always getting higher time on time and i think there will be a hard fall when there are some negative new about it. Such as banning countries that support this currency also and have a high demand  of supply. So as of now bitcoin is keep climbing that means theres no negative news on it . And also the reason why bitcoin value keep climbing because there are more bitcoin holders now adays.  Indeed they become Interested because of bitcoin ability that this currency has a posibility to reach a higher value or it can break a new record  than other currency.