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Author Topic: what caused the increase in price of Bitcoin?  (Read 1510 times)
randy8777
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April 23, 2016, 02:33:55 PM
 #21

if people just take the effort to read more than only the title they would have noticed the date this thread is created. at that point it was mainly due to the mmm ponzi that people in china were buying the price up like there is no tomorrow. that's it.
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April 23, 2016, 03:04:09 PM
 #22

The cause of this increase is because people are buying more bitcoins while the price is still not that high to achieve more profit by hodling and getting ready for the result of the halving in less than 3 months which the price might hit $1000 in the future

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April 23, 2016, 03:33:28 PM
 #23

The cause of this increase is because people are buying more bitcoins while the price is still not that high to achieve more profit by hodling and getting ready for the result of the halving in less than 3 months which the price might hit $1000 in the future
thats true, people are buying like crazy at the moment and these trends will continue for a while in my opinion thus allowing us to make some good profit in the near future

i think that the incoming block reward halving will be the key and it will allow us to make some decent profit in the nexxt few months though thats just a prediction and anything might happen to be honest

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April 24, 2016, 09:13:29 AM
 #24

This slow rise is only manipulation, but will be ended with appropriate correction. You can be sure when real pump starts it will be pumped 100$ in few hours.. This s regular weekend pump,nothing more.

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April 24, 2016, 12:00:16 PM
 #25

This slow rise is only manipulation, but will be ended with appropriate correction. You can be sure when real pump starts it will be pumped 100$ in few hours.. This s regular weekend pump,nothing more.

I believe the price is based on the running technology. Not every weekend we had a big rise only after continuous increase its been experienced.

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April 24, 2016, 12:14:13 PM
 #26

The cause of increasing the price of bitcoin was the cause of coming bitcoin halving in june, because many investors will buy and hide their btc so in the bitcoin halving many btc are stocked so in the market the supply will goes down if the stocked is decreasing,  the price of bitcoin get high

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April 24, 2016, 12:46:38 PM
 #27

People start to use Bitcoin more and more - demand go up and price too.  Wink
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April 24, 2016, 01:19:41 PM
 #28

The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.

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April 24, 2016, 01:58:05 PM
 #29

People start to use Bitcoin more and more - demand go up and price too.  Wink

also there are some issue about halving so more people will looking for bitcoin and hold
This will give positive attitude for bitcoin adoption and market since they are already known world wide !

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April 24, 2016, 02:02:29 PM
 #30

The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.
Steam of all things caused the rise of bitcoin price to $5?  Cheesy
I think other contributing factors caused this spike up in price of recent events not a video game service.

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April 24, 2016, 02:09:11 PM
 #31

The increase in the price of Bitcoin can be caused by many reasons. If people are buying more coins and spending less there will be a demand for more coins so the price will go up and vice versa if people are spending a lot of coins and don't buy new ones the supply will be much more than the demand and the price will go down because the market will be flooded with coins. Publicity can also push the price up or down for example the recent news that Valve is going to include Bitcoin in Steam had a positive effect on the price and honestly I think Steam was the reason for the $455 rise.
Steam of all things caused the rise of bitcoin price to $5?  Cheesy
I think other contributing factors caused this spike up in price of recent events not a video game service.

haha, actually i think it was effective. because it is a huge news and since it is not yet actually happened and steam has only announced it the rise was small and when the actual thing happens meaning when steam adds bitcoin accepted here option the price will go up much higher.

but the rise has a lot of other factors too. like the fact that halving is getting near and also the accumulation phase coming to and end because whales are satisfied which what they have accumulated, and many more that were mentioned in other comments.

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April 24, 2016, 05:28:50 PM
 #32

People start to use Bitcoin more and more - demand go up and price too.  Wink

also there are some issue about halving so more people will looking for bitcoin and hold
This will give positive attitude for bitcoin adoption and market since they are already known world wide !
Yeah the first thing is the demand, when lots of people starts using bitcoin automatically the price increases.
The other is the block reward halving, due to this we can see a continuous price rise and good adaptation.

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April 24, 2016, 05:36:34 PM
 #33

Either it is some big time whale group who is pumping the price again, or it is actual demand from new investors
Looking towards the steady rise i expect the latter.
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April 24, 2016, 06:39:59 PM
 #34

more people are getting confident in bitcoin, less FUD about scaling.

more buyers means higher price.

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virtualkeybuyer
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April 24, 2016, 07:13:46 PM
 #35

I think the high demand and people selling it at high price because of its demand, that is the cause which is going to increase the price of bitcoin. when everyone sell their coins at a high price then the price will definitely increased everywhere.
el kaka22
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April 24, 2016, 08:29:28 PM
 #36

Just as many users said, the biggest factor that affected the price of bitcoin is the supply and demand.
Currently, there is a really high bitcoind demand in China and that's what's affecting the price.


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bitlancr
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April 24, 2016, 10:47:18 PM
 #37

I think the high demand and people selling it at high price because of its demand, that is the cause which is going to increase the price of bitcoin. when everyone sell their coins at a high price then the price will definitely increased everywhere.

For me it seems some new money is coming in. New investors trying out bitcoin as an investment. In the past the rise was very big (whales)
but the last couple of weeks this is started so this time it is real.

So i expect that the rise in price will hold and not like last time comes crashing down again.
1Referee
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April 24, 2016, 11:10:49 PM
 #38

Just as many users said, the biggest factor that affected the price of bitcoin is the supply and demand.
Currently, there is a really high bitcoind demand in China and that's what's affecting the price.

Not only in China, but it's more the block halving effect that is getting in the heads of investors everywhere around the world. If this will continue till the block halving, then the coming months will be more than profitable for a lot people here. Cheesy

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