Whale pump or newbie ignorance?

[CARrency]

It's rising too fast, not good, the later downfall is inevitable, prepare yourselves to the huge dump when the price reaches certain desired level.

Agreed. There are many  investors who are waiting for a good desired price, and they hold a lot of bitcoin. If they decided to sell off their bitcoins, I think the bitcoin users below them will be greatly affected, it will be a dump. I think more investor are attracted to bitcoin because they know that bitcoin price can still pump in the future even if there will be another fork that may happen.

[Victorycoin]

After August 1, the demand for buying bitcoin has increased and there is no whale. The increase in price is completely normal. There will be no crash and bitcoin price will increase day by day as new peoples invest their money.

I think much more people - no necessarily whales are buying into the resilience and tenacity of Bitcoin especially after the seemingly non-events of August 1st, which was largely all thanks to the signaling of Segwit. I see Bitcoin making jaw-dropping ATHs  between now and November, when the issue of a hard fork/split stares us in the face again. Until then, I would like to enjoy every moment of the ride!

[bitserve]

Hey duck, the poll is wrong, you forgot to include:

- Segwit
- Organic Growth
- Increasing adoption
- Fork risk avoided.
- FOMO from early sellers who are tired to wait for $800 (LOL)
- etc etc....

No wonder you have difficulties in trading if you don't even know about the fundamentals of Bitcoin. I would suggest you to just hodl and not touch anything until at least 10K.

[fanbeila]

What do you guys think is at the heart of this rise?

With the upcoming hard fork of November is it whales pumping it before taking huge profits and causing the biggest crash we've seen in Bitcoin so far?
Or is it new people investing in Bitcoin while having no idea of the upcoming hard fork?

Nothing extra could be expected from you mr.kwukduck.The price rise is due to newbies gaining more confidence on bitcoin and buying more bitcoins.In november,when segwit gets completely locked in,price of bitcoin would trigger and so its a wise decision for every one deciding to buy more bitcoins now itself.Its not due to big whales pump and bitcoin is no more in need of any such pumps.

[arbitrage]

All those discuss about Bitcoin attracts more investors who are curious for this idea and new concept. Why this should be strange, we hadn't expected this rises so suddenly, and we are in shock! Maybe now we could see exponential rise, like John McAfee predicted?