Why Bitcoin is soaring?

[HectorAlden]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

Bitcoin is soaring maybe because new investors have entered the industry. This is the reason why prices are fluctuating again and again. Coins like PRG are coming up with their new projects so it is possible that the prices may have risen because of them.

[JeffreyElvis]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

The reason why Bitcoin is soaring can be due to the fact that Crypto currency is unpredictable. We cannot predict when the prices rise or fall. Other factor that comes to my mind is coins like TAU and LTC are developing, perhaps the rise is because of their exceptional performances.

[Mhd-Bobbi]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

Why does the price of bitcoin soar?
Depending on the number of requests, if the amount of demand is large, the price will be higher.