What is the reason for Pump in Bitcoin Price? Is the price is real valued one ?

[Nisharawal]

What is the Real Reason for the rise in the Bitcoin price ? Is that the Price of $6000 and above is real valued price of bitcoin and it deserve's that price or is it the Bitcoin price is just made by speculation by the professional Traders out there? It will be good if you can reply the answers with some hook points or with some market scenario past or present.

[Kwal]

Upcoming fork, market manipulation, etc. It's always very unpredictable, and my guess is after the fork it'll plummet a bit and ALTs will return.

[franky1]

there is less coin being held in exchanges due to lack of trust.

this makes it extremely easy to buy up the market and shift the price very cheaply.

bitcoins price does NOT show/verify its value. because for just $30 its possible to make a exchange raise the price so that the whole market cap increases by $16million..

yep $30 has been known/shown/proven to increase the market cap by $16m. meaning the exchange markets and the market cap are highly manipulated.

[Sachinist]

Bitcoin has no real or fake price. There are several factors for current rise. The main reason which most people expected is upcoming fork but don't be sure that price will drop after that. Another reason is the rumored lifting of trading ban in China.

[poletando]

for me, maybe price of the bitcoin rising up because of market demand that too much, we can see that bitcoin or other coin price will rise up if that coin demand is higher than stock in the market, some people will pay more price to get that coin

[scottykarate]

Also, the US CME announcing futures trading plans and more legitimacy, which would possibly lead to ETFs like the Winklevoss brothers tried and failed today. Institutional investment could be a good thing to stabilize Bitcoin.

[Halcyon Days]

Many people call BTC a bubble; however, I strongly disagree. As many companies have already invested millions of dollars in BTC and so much mining power, hardware and electricity was paid, the price of all this should be implemented in the BTC price. When you look at this from this perspective, BTC might be even more worth than other companies, currencies or gems. Furthermore, the idea behind BTC and blockchain technology is revolutionary, what can be seen when looking at the whole altcoin market and the overall interest in blockchain technology.

[close up]

The reason for the rise in bitcoin prices is mainly the number of enthusiasts and bitcoin has grown in the world. many countries invest their money in bitcoi. this may be one reason for the rise in bitcoin prices.

[dzkazmi]

Its a tribute to JP Morgan.
I believe it is due to the forks and the demand increases due to new coins emerging because of the forks.

[Dracarys26]

It is happening coz of the forks that happened on 25th Oct and the one happening in November.  The price of Bitcoins has went up ad other altcoins have taken a fall.

[cabron]

Bitcoin has no real or fake price. There are several factors for current rise. The main reason which most people expected is upcoming fork but don't be sure that price will drop after that. Another reason is the rumored lifting of trading ban in China.

Can you provide us the link about China lifting the bann?

This news will surely be making BItcoin price to pluto and most probably the NEO as well. I'd be very wwary about when will the price suddenly plummet actually which is why I will be selling some btc I got lately and will just keep my USD for awhile.

[wantjokull]

What is the Real Reason for the rise in the Bitcoin price ? Is that the Price of $6000 and above is real valued price of bitcoin and it deserve's that price or is it the Bitcoin price is just made by speculation by the professional Traders out there?

It is the fork situation only. Now everyone knows that they get those free goodies when the fork is going to happen. Who doesn't want the free stuff and it always tastes good isn't it! Thats why people are getting conscious about it and trying to invest more and more to get more free coin. This everyone can then sell out and earn big money is in the wallet then after.


So yeah seems to me very good opportunity to invest money into bitcoin itself and we can be sure about it a lot. Though it dropped in the mean while trade then we can hold it for long and still can get the benefits. Thats why people are into it a lot.

[IamHigh]

What is the Real Reason for the rise in the Bitcoin price ? Is that the Price of $6000 and above is real valued price of bitcoin and it deserve's that price or is it the Bitcoin price is just made by speculation by the professional Traders out there? It will be good if you can reply the answers with some hook points or with some market scenario past or present.

I think American bonds will be bought via bitcoin and this can be the reason for the rise of bitcoin last two days. I don't think it's a püre pump.

[Sadnu]

Perhaps today's really affecting the price of bitcoins is the increased number of people who know and of course the more increase in the person who purchases it in the hope that they will also be on the rise of the price of bitcoins. And yet another affects are the market manipulations entering the so-called whales and much more. So let's be careful and if not your long term investment plan it's best to make a decision on when to sell or at what price you're content to sell.

[Betwrong]

What is the Real Reason for the rise in the Bitcoin price ? Is that the Price of $6000 and above is real valued price of bitcoin and it deserve's that price or is it the Bitcoin price is just made by speculation by the professional Traders out there? It will be good if you can reply the answers with some hook points or with some market scenario past or present.

In my opinion the price of Bitcoin wasn't "pumped" lately. Many new people came to know Bitcoin this year and because of that fact the price could rise to today's numbers earlier this year, in April or in May, but it was restrained by the rumors about the August 1st "disastrous split". When it appeared that nothing disastrous happened, people who were scared to buy because of the rumors started to buy and due to high demand the price began to rise. Yes, Bitcoin deserves the price above $6,000, in fact it deserves a much higher price. Just imagine if every rich person in this world would have wanted to have 1 Bitcoin. US only has 15.7 million millionaires and there are at least 20 million more of them in the rest of the world. The price can rise to an unpredictable height solely due to their demand. But of course not only millionaires want to have Bitcoin so the potential demand is even higher.

[Red-Apple]

yep $30 has been known/shown/proven to increase the market cap by $16m. meaning the exchange markets and the market cap are highly manipulated.

$16 million rise in market cap means $1 rise in price.
in other words you are saying if you buy $30 worth of bitcoin now, the price goes from $6540 to $6541

i don't know if we can call that manipulation though

[whitemacna]

there is less coin being held in exchanges due to lack of trust.for me maybe price of the bitcoin rising up because of market demand that too much It is happening coz of the forks that happened on 25th Oct and the one happening in November So yeah seems to me very good opportunity to invest money into bitcoin itself and we can be sure about it a lot.