UPDATE

[kaselit]

UPDATE

[mladen00]

skyrocketing??

this is only start my friend

[tiggytomb]

Sky rocketing would be tomorrow sitting at $500 I am putting it down to Santa getting all his gifts together haha.
Seriously though I doubt you can pinpoint it to one reason, it could be down to China, the sell off of the silk road coins or just natural increase.

[cancerbola]

Is there a way to monitor where the BTC come from?

What do you mean by that, my friend? Did you meant BTC transactions? Or who's the creator of Bitcoin? Or monitoring BTC Price?

[Nobitcoin]

Well theirs plenty of money to be cleaned in China so its inevitable that Bitcoin will rise with such a huge populous wanting to move their cash.

[cancerbola]

BTC transactions

Yes, you can see where BTC transactions came from and where they went to (of course, all by Bitcoin addresses, not real life info).
All you need is the tx hash, and you can look it up on https://blockchain.info/

[Asrael999]

its called a, correction after a long bear market / bubble - question is how much correction there has been / inflated it is - and when it stabilises/pops.   (delete as appropriate)

[PseudoCode]

Is there a way to understand why the value is skyrocketing?

Q. What is happening ?
A. It is going up

Q. Is there a way to understand ?
A. Define "Understand".  Basic Market Forces.

Q. why the value is skyrocketing ?
A. There are more buyers than sellers at current price.

Implied-question - "Why are buyers buying now ?"
Possible answers - Accumulative sentiment ("Bitcoin *still isnt dead ?! and going up again ? Better grab some"),
Insider Knowledge, Big-Evil-Secret-Market-Manipulators, Technology gaining traction, Impending World Economic Collapse (in some areas), Phase of the moon, Media Hype, or any combinatorial mix of the above.

That should cover about 90% of questions in the speculation area

[Amph]

i would have done the same qustion when it was dumping, since 230 was never the true value of bitcoin

to answer your question, i can simply say, bitcoin is worth much more, 230 were like free bitcoin, you will remember this in 5-10 years when even 10k would be considered a cheap price

[1Referee]

Is there a way to understand why the value is skyrocketing?

Not really. It can have various reasons. Just make sure you have bought your coins before the rally started, so you can enjoy seeing the value of your coins go up.

Sky rocketing would be tomorrow sitting at $500 I am putting it down to Santa getting all his gifts together haha.
Seriously though I doubt you can pinpoint it to one reason, it could be down to China, the sell off of the silk road coins or just natural increase.

With Huobi and OKCoin everything is possible. Both exchanges went over $400 today. I wonder where they will settle at. My guess is in the range of $400-$450 perhaps to stay there for a few weeks.

[Hyena]

You can't keep the basketball under water forever, that's what's happening.

[Fiat_Hodler]

these crazy increases are really spooking me out, im happy but I just dont get it.

[dinda22]

one that affects a sharp skyrocketing bitcoin might china or perhaps because of halving..

[Hyena]

those of you who are bubble virgins will not understand what is happening right now. you are supposed to have a bull orgasm and not question the meaning of this

[azguard]

skyrocketing??

this is only start my friend

hope to see price goes to glory days like end of 2013 and beginning of 2014

[Searing]

Is there a way to understand why the value is skyrocketing?

well this article is claiming the first to call it..and say it could be a huge bubble if china jumps in again

(man I hope these guys are correct)

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

[Mickeyb]

Is there a way to understand why the value is skyrocketing?

well this article is claiming the first to call it..and say it could be a huge bubble if china jumps in again

(man I hope these guys are correct)

http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed

Yes, early September they were already writing about possible jump in price if Chinese start avoiding capital controls. This is a very plausible scenario in my head.

I rather hope that this is causing a price rise, than MMM ponzi scheme for example. Besides the Chinese, we had many more bullish news in the last few weeks. But Chinese exchanges are leading the pace so I guess it's them avoiding capital controls.

[Lauda]

China, EU Tax ruling, being mentioned in mainstream magazines, and now mainstream media. The more it goes up, the more attention it gets -> more people involved -> price further up -> even more attention, etc. This pretty much explains it, even though nobody can be completely sure. I feel sorry for the bears.

[Junko]

Demand (reasons already mentioned in thread) >>> Supply (sellers mostly already sold out)

[n2004al]

Is there a way to understand why the value is skyrocketing?

Telling skyrocketing when the price is only 400 us dollar mean have no dreams about bitcoin. We have much more hopings. At least me. This price is ridiculous one for me. When the price will go higher than 5k only in that situation we can tell that it was only the beginning of the skyrocketing. The true skyrocketing can be over 10k us dollar. Those are the figures of the true bitcoin. The bitcoin which is wanted from many of us.