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1  Bitcoin / Bitcoin Discussion / Reason for Bit Coin Price Boom in 2017? on: January 27, 2018, 08:15:38 AM
Newbie here - I was recently exposed to cryptocurrency and have been studying it. Unfortunately, it was after the bit coin boom of 2017.

I knew that the bit coin had a good bull run in 2017. I just looked at the stats today and I am simply astonished  Shocked Shocked Shocked

Bit Coin Price History
Dec 2013 - $600
Jan 2017 - $800
Apr 2017 - $1,200
June 2017 - $3,200
Sep 2017 - $5,000
Nov 2017 - $7,300
Dec 2017 - $13,800 (at one point it reached $17,900)

So, what were the reasons for the bit coin's gigantic bull run in 2017?

I will also track the reasons you mention and add them below.
2  Other / Beginners & Help / Bit Coin Transaction Networking Fee on: January 10, 2018, 06:55:44 AM
When we move bit coins from one address to another address, there is a transaction fee. Few days back, I saw that it was 100 bits (1 Bit Coin = 1,000,000 bits). Now, it seems to be at 500 bits.

How/When does the bit coin transaction fee change?
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