What is causing the spike in Bitcoin value October 2015?

[davinchi]

There are many different reasons in My perspective.
1. Tax-free verdict.
2. The new exchange
3. Chinese hand
4. Halving in approach
5. New  powerful ASICs are now available for mining.

[dothebeats]

There are many different reasons in My perspective.
1. Tax-free verdict.
2. The new exchange
3. Chinese hand
4. Halving in approach
5. New  powerful ASICs are now available for mining.

1. Not much have changed in EU after that ruling.
2. Gemini seems to be overhyped. Also, I don't see any correlation with the price increase to the exchange alone.
3. Very evident, look at the volume. Even though it is fake, still a large amount of money comes from China.
4. 8+ months left. Halving is too far to make such an effect in price.
5. Could be, but still depends on how the buyers are going to value bitcoin too.

[talks_cheep]

There is a great Zerohedge article about how the chinese are seeing Bitcoin as the salvation to move money quick outside of their frontiers with the ease of a click. Gold tens to show up on x-rays so it's useless. Cash will show up as well, stocks require identification and just don't cut it.. for the first time ever we can move money worldwide through the internet without any credentials. This is just insane and makes Bitcoin cheap at anything under 1 million dollars. I don't care if people call me insane.

I know you don't care, but I have to say it:

You, sir, are BAT-SHIT CRAZY!

[600watt]

There is more than one point to cause the bitcoin climbing prices. More interest in big economies like China the chinese exchanges are trading a lot of volume of bitcoins lasts days, also a better regulation on europe. And the interest showed by big companies on blockchain opportunities.

Yes these are the factors imo driving the price up. Now the interesting question is how high will it go and what will be the new floor.

The price has been past 300 three times this year before this rally. If it can go above 350 and stay there for a month I'll be convinced we started another long term uptrend. Three times this year the price has disappointed me and sunk back down to 200, so I'm not assuming it can't go back down until it goes over 350 this time.

but...  this time it is different.