rapidly increasing price

[Ayers]

Bitcoin price increasing too fast in few days past. Is this the effect of bitcoin halving that ended few months from now.I the rumors are true that the price will increase after few months bitcoin halvings end

i don't think the halving have anything to do with this anymore, i think they are just pumping this like they do most of the time, to me this look a return to the main, i mean it's not a crazy pump it's just a correction toward a possible uptrend

[1715106608]

1715106608

[1715106608]

1715106608

[1715106608]

1715106608

[crairezx20]

Bitcoin price increasing too fast in few days past. Is this the effect of bitcoin halving that ended few months from now.I the rumors are true that the price will increase after few months bitcoin halvings end

i don't think the halving have anything to do with this anymore, i think they are just pumping this like they do most of the time, to me this look a return to the main, i mean it's not a crazy pump it's just a correction toward a possible uptrend

I think the is still the effect of halving because the supply are reduce to 12.5 btc per block that is why the price is increasingly fast unlike before..
So more adoption will come more price will increase since bitcoin are more popular unlike before..

[olubams]

Its really something good to see but the issue has always been how sustainable will it be? I have also been keen about the movement in the last couple of days and is just so surprising to see the rapid increase in price within a twinkle of an eye. Whether halving or not, whether pumping or dumping, I dont understand the technicalities surrounding that all I want to see is increase in value of what I have yesterday, and being it sustainable...

[kanazawa]

One thing that I doubt is that it is a pump and dump. The net is very large to be manipulated. It's not a kinda currency like ETH or XMR. Even these currency, they're in the beggining of "life", so not so much giants are with it in their hands, and the acceptance is very small comparing with Bitcoin. Now, many markets are investing big cash and the development of blockchain is taking bitcoin together. So that's it.

[socks435]

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

[n0ne]

Increase in price of bitcoin is continuing due to the increasing adoption as well the increase in usage of bitcoin as a currency and a investment. None can make exact prediction about the price increase and decrease.

[mlbs]

I think this is because of the halving which will end few months from now.. so  lucky are the ones who have kept there bitcoins in their wallets. Few days from now i bet the price will probably reach to 750 to 800 USD..  hopefully. Then probably that would be the best time to convert our bitcoins to dollars..

[Doms]

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

The price stayed at the $600 level for a period of over three months before it suddenly surged to over $700. We could be hitting the $800 before the year ends, something that has not been reached in a while now. Glad that this increase is due to really positive developments from bitcoin and not something that's done to pump the price.

[Slark]

Some reasons behind recent price rise:

1. SegWit is implemented in latest version of BitcoinCore. Miners will start signaling readiness to accept and activate it soon.
It is the biggest and the most crucial update to bitcoin protocol up to this date. Once activated it will be huge improvement to the Bitcoin network.

2. Overall positive news about Bitcoin i.e. Swiss railway Bitcoin adoption.

3. Chinese Yuan decline, last week we noted the biggest Yuan's price drop since 2015 Yuan's devaluation, hence Chinese investors and speculators are locating money in bitcoin.

[CoinCidental]

Some reasons behind recent price rise:

1. SegWit is implemented in latest version of BitcoinCore. Miners will start signaling readiness to accept and activate it soon.
It is the biggest and the most crucial update to bitcoin protocol up to this date. Once activated it will be huge improvement to the Bitcoin network.

2. Overall positive news about Bitcoin i.e. Swiss railway Bitcoin adoption.

3. Chinese Yuan decline, last week we noted the biggest Yuan's price drop since 2015 Yuan's devaluation, hence Chinese investors and speculators are locating money in bitcoin.

**scarcity**

[Zalfrin]

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

The price stayed at the $600 level for a period of over three months before it suddenly surged to over $700. We could be hitting the $800 before the year ends, something that has not been reached in a while now. Glad that this increase is due to really positive developments from bitcoin and not something that's done to pump the price.

Agreed, previously when price reached to $780 it was only because of the halving as people started to buy bitcoins hoping that price will touch $1k at the halving but it crashed after that but current movement suggests that price will stay above $700 for a long time as people are now genuinely investing their money into it to take benefits in long term.

[Zadicar]

Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump

Not  only  you  have the question regarding  with these thing  but  most bitcoin users  ask the same thing too   regarding  on the sudden price  increase of bitcoin  on past few weeks. No one  really knows  but   theres  news that  chinese are accumulating  large  amounts of bitcoins thats surely affected the  bitcoins price.

[noictib]

Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump

actually it was not the natural fluctuation of the bitcoin . but still the price is not reached at the prediction price which was above the $800/btc .
since the price is going to continuously small small down so i think it will again rise in the next week again .

[sildyas]

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

I am beginning to think it was because of segwit too.
If it has anything to do with Chinese influence then that affects bitcoin because of their large user base of bitcoin technology.

[electronicash]

We are experience of fast price increase this past few days and until now and i think this is because of segwit added..
Or this it is just nature of bitcoin the same as last year price increase if we compare the same fluctuate and i think more price will reach soon..

I am beginning to think it was because of segwit too.
If it has anything to do with Chinese influence then that affects bitcoin because of their large user base of bitcoin technology.

I think its because of ZCASH and ICN. These three attract a lot of new users from the outside and because of that Bitcoin demand rises as depicted on the exchange sites.  It will probably continue until the real value of these coins stabilizes but this is just my opinion though.

[icecube45]

Yes bitcoin current price will continue to rise. I am sure this will continue to happen until the end of this year. Perhaps the cause of this

increase in traffic is increased so that the use of bitcoin prices also increased. Due to increased adoption and number of users will also affect

the price increase.

[NeuroticFish]

Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump

It's a mix between a comeback to the correct price (close to what we had in June this year) and speculation.
Speculators have seen that BTC is on a rising trend so they are buying. Also some have seen that the elections getting close the USD is going weaker so they moved to BTC.
This trend can change imho at any time.

[BillyBobZorton]

The recover is being beautiful. Everyone was screaming it was the end of the world, "oh my god, we are going back to 250!!!!!!! fuck!!!", it looks like the panic sellers went insane again and the sane people held through the storm and now we are back on track to 1000+

[DeathAngel]

The recover is being beautiful. Everyone was screaming it was the end of the world, "oh my god, we are going back to 250!!!!!!! fuck!!!", it looks like the panic sellers went insane again and the sane people held through the storm and now we are back on track to 1000+

I hope you're right there buddy. $1000+ would be amazing but if we could get & stsy above $800 by Christmas I'd consider that very bullish.

[Mr.grin]

Well, any price increases by leaps and bounds, it would decrease when it is already very high. Well, it is not unusual, but after the decline, the current price of bitcoin back up again. I think that next week bitcoin prices could be above $ 720. This time I noticed that the price of bitcoin has reached $ 710, I hope this increased slowly in order to avoid a decrease in quick time