Kevin29 (OP)
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June 18, 2016, 05:50:27 AM |
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Anyone??
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avikz
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June 18, 2016, 06:52:35 AM |
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For any goods or currency, the price fluctuation basically depends on the demand-supply mechanism. If the demand is more and the supply is limited, the price will be bound to increase and vise versa.
From last two weeks, the bitcoin is receiving a lot of buying orders specially from China. Chinese people are using bitcoin to send money out of the country as Central bank of china is manipulating and decreasing the price of Yuan.
These sudden increase in demand has increased bitcoin price as well as halving fueled it.
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BigBoom3599
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June 18, 2016, 06:56:10 AM |
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It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
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Hazir
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★Nitrogensports.eu★
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June 18, 2016, 07:00:09 AM |
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Do your research it is not that hard. Basically current high price is combination of many factors: approaching halving, potential economic instability of European Union (Brexit).
Chinese speculators, unfavorable US economic forecasts and overall lack recent bad news surrounding bitcoin. Investors are generally start to notice bitcoin's potential as investment etc.
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hasiramasenju
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June 18, 2016, 09:17:21 AM |
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It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
i do agree with you may be this is one of the factor that make bitcoin prices getting high now and also i have one possibility too and i guess we are pretty near to the halving and most people still buying bitcoin for holding because people expect that after halving the prices will be more higher that now |
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Schuyler
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June 18, 2016, 09:32:59 AM |
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There are a lot of reasons why the price keeps increasing, one of them because of the demand from Chinese wanting to preserve the value of their money because of yuan's devaluation and the slowing down of their economy. Another speculation and not to be dismissed is the upcoming halving this July, anthough it is not sure to bring up prices even further.
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helloeverybody
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★YoBit.Net★ 350+ Coins Exchange & Dice
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June 18, 2016, 09:34:50 AM |
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It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
i do agree with you may be this is one of the factor that make bitcoin prices getting high now and also i have one possibility too and i guess we are pretty near to the halving and most people still buying bitcoin for holding because people expect that after halving the prices will be more higher that now Id have to disagree with the dao hack affecting bitcoin price. Were still around the same price before the dao even had the hack, The price rise just seems to be from speculation for the upcoming halving. If anything a few very rich chinese whales are manipulating the price higher because they know everyone is expecting this hike due to the halving. My only concerns would be if these whales decide to dump or not. |
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sumit513
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June 18, 2016, 09:36:39 AM |
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obviously upcoming halving id the cause
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Babayega31
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June 18, 2016, 09:38:18 AM |
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It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
i do agree with you may be this is one of the factor that make bitcoin prices getting high now and also i have one possibility too and i guess we are pretty near to the halving and most people still buying bitcoin for holding because people expect that after halving the prices will be more higher that now Id have to disagree with the dao hack affecting bitcoin price. Were still around the same price before the dao even had the hack, The price rise just seems to be from speculation for the upcoming halving. If anything a few very rich chinese whales are manipulating the price higher because they know everyone is expecting this hike due to the halving. My only concerns would be if these whales decide to dump or not. Dao is another coin and it is far from concern with bitcoin they dont have connection so by that it cannot effect on bitcoins price so we.can see more price rising for bitcoins because many people are still bagging up and hoard some bitcoin because halving is almost near to be happen and still we can earn for more with this. |
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ObscureBean
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June 18, 2016, 09:47:06 AM |
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People are basically betting their money that the halving will reinforce BTC value and cause it to gradually go up in the mid to long term. I imagine a lot of people are also getting dragged along by the hype train. People don't want to be left behind in case the rocket goes all the way to the moon this time around  |
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DimensionZ
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Shit, did I leave the stove on?
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June 18, 2016, 09:50:51 AM |
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The price of Bitcoin is going up due to different reasons. Such reasons might be for example the general hype of the upcoming halving, the Chinese investors moving their wealth out of China due to the falling value of the yuan and exchanging a lot of money into Bitcoin, speculators selling their alt coin investments and buying back into Bitcoin in order to profit from the price hike that has been going on etc. I think there are a lot of factors that add up in increasing the price and it's not easy to narrow it down just to the upcoming halving. People need to hold onto their coins otherwise the market will get saturated and the price will start to plummet when they start selling.
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Windpower
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June 18, 2016, 09:59:28 AM |
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Like everything the price of Bitcoin is ricing due to more demand. The demand for these rare currency is generated by rarity and people wanting an online currency or a way of advertising.
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calkob
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June 18, 2016, 10:05:29 AM |
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It has to be due to the halving coming up very soon and i think just overall good feeling about bitcoins future.
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The Bitcoin Co-op
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June 18, 2016, 10:10:00 AM |
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Because Bitcoin is genius, of course
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We work hard to promote Bitcoin adoption and the decentralization of society. You can support our efforts by donating BTC to 35wDNxFhDB6Ss8fgijUUpn2Yx6sggDgGqS
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btcextortionist
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Activity: 28
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June 18, 2016, 10:10:53 AM |
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The chinese are taking over the control of bitcoin and buying millions of dollars worth bitcoin.
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Mayuyu48
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June 18, 2016, 10:18:31 AM |
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For any goods or currency, the price fluctuation basically depends on the demand-supply mechanism. If the demand is more and the supply is limited, the price will be bound to increase and vise versa.
From last two weeks, the bitcoin is receiving a lot of buying orders specially from China. Chinese people are using bitcoin to send money out of the country as Central bank of china is manipulating and decreasing the price of Yuan.
These sudden increase in demand has increased bitcoin price as well as halving fueled it.
I agree. China has been trying to manipulate the market clubbed with the bitcoin halving, bitcoin prices were bound to rise, but I believe there would be a huge depression in the prices sooner than we expect.  |
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Pierre 2
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June 18, 2016, 10:36:17 AM |
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Because of devaluation of chinese yuan.
Chinese attacked bitcoin so prices jumped so high.
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lexuz
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June 18, 2016, 12:55:00 PM |
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It's because halving that bitcoin prices rise and honestly I sometimes wonder why bitcoin prices can rise suddenly.
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noormcs5
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June 18, 2016, 01:32:51 PM |
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It has to be due to the halving coming up very soon and i think just overall good feeling about bitcoins future.
People see the history and decide the future. Last time at halving price was reached $1000 so everyone is hoping for the same this time also. and the current price of bitcoins also indicates that we shall be touching new high price this halving. |
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RoommateAgreement
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June 18, 2016, 01:37:10 PM |
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It might be because of the DAO hack, people are panic selling their Ethereum and buying into Bitcoin.
all due resped this is bullshit DAO was hacked recently (i heard about it less than 24 hours ago) and bitcoin price has been going up for much longer than 24 hours. it has started a long time ago, you can see the origin of the rise on any chart that represents bitcoin and has history. also people have been dumping their DAO+ETH for much longer than this to get bitcoin. |
Buying the dip...
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