Nobody is talking about the reason for this rise!

[BTCLovingDude]

all i see is either people who missed the rise and now crying and wishing for a dip. or i see others who are singing moon songs.

but nobody is talking about why price has been rising, so please share your thoughts here about why the rise now?

is it
- Trump
- China
- SegWit
- India
- random?...

[1715091851]

1715091851

[1715091851]

1715091851

[BitcoinBarrel]

This up $50, down $50, up $50 roller coaster could be a well calculated pump.

[BitMaxz]

I think it is just a normal price increase if you compare the last year price increase they are just little bit the same that the price should be increase this month.. and i think that is why the price is increase more because of segwit and adoption about bitcoin..
If you are selling bitcoins right now regret soon because i think the price will increase more soon..
Present price is $745.5 and waiting to touch in $800 value soon..

[Ibian]

India and italy melting down. Especially italy, who gives a shit about india.

[mindrust]

The shit is about to hit the fan, that's why.

FED, India, Italy, Brexit, Trump. All of those have their impacts more or less. Emerging markets like Turkey or Mexico are losing blood too. The next is massive bankruptions.

Then a global fuck up series.

How you gonna get protected? Commodities. Gold and bitcoin.

USD is standing strong but in the end it will die too.

SUPER SHEEMIITTAAAH BITCHZ

[Kanapka]

Maybe just random moves.

You know, someone buys a reasonable amount of BTC, then the bots are triggered, then people see price and volume rising and buy, so we have a small pump with no reason

If price touches $800 I will start to believe that is something else

[BitcoinHodler]

Maybe just random moves.

You know, someone buys a reasonable amount of BTC, then the bots are triggered, then people see price and volume rising and buy, so we have a small pump with no reason

If price touches $800 I will start to believe that is something else

if it was just once, and one rise i would have agreed on the randomness of it and the bots getting triggered but it has been going on a while and price has been testing the bottoms in the past few days with the drops and since there were some good resistance, it started to rise.

but we can only tell for sure after some time has passed, for now i vote for Segwit as the biggest reason.

p.s. you should have added a poll.

[NUFCrichard]

The crazy low Renminbi is the reason that makes most sense to me.
In fact the very strong Dollar generally is a good reason to buy, unless you are in America.

I also think some people are spooked by Trump getting into power, they expect inflation to follow.  He also seems like he will be pro-trade, that might be good for Bitcoin.

[TastyChillySauce00]

Well i guess the strongest reason is because Donald Trump getting elected,the value of dollar is falling even they could restore its power immediately within few days but still, bitcoin's price could rising because of it,maybe the effect of this are continuously affecting bitcoin until now
but i'd point out the main factor above all,the demand is increased

[erikalui]

Bitcoin Price Leaps to $740 as Chinese Yuan Weakens

This is a big reason why the price just jumped overnight by $50 and there are still so many people buying bitcoins in the last 24 hours as its demand is high now. Nobody wants to sell their bitcoins when the price is high. More or less the reason is the elections of US.

[RodeoX]

It's been going up for a year based on Chinese investment and ongoing adoption. I see nothing new?

[Zadicar]

all i see is either people who missed the rise and now crying and wishing for a dip. or i see others who are singing moon songs.

but nobody is talking about why price has been rising, so please share your thoughts here about why the rise now?

is it
- Trump
- China
- SegWit
- India
- random?...

Bitcoins  price is  affected  on  random  news  that we   heard  on  bitcoin world. It do really affects  its price  especially  when theres a  new regarding on  buying  huge  amounts of bitcoin,  it does  really make  it rise  but  same as  others said here,  price drops  would surely happen  though because people would  really tend  to  sell off their bitcoins  on  gaining   profits especially to those  who do short trades.

[richardsNY]

It's been going up for a year based on Chinese investment and ongoing adoption. I see nothing new?

Well said. People are talking about the current increase, but forget that the price has been going up for more than a year already. I think that's way more impressive than what we are seeing right now. Only, I don't think there is much more upwards potential from the $750 levels this year. It's either a great time to keep holding your coins, or to cash out a certain amount.

[Denker]

Why is it so important to some people always trying to find a special reason for a price run up?
We are moving up for over a year now.Sometimes slow and then a bit quicker and more aggressive followed by some correction before we repeating this cycle.
We've seen a bear market for almost 22 months after the last big bubble, therefore I think it's fair if we see a bull market which lasts the same amount of time or even longer.
And I don't give a damn what causes the minor spikes we are seeing from time to time.

[unknown04]

There are so many factors that leads to the price increase.

I think these are the positive news that might bring bitcoin price up even more....
http://www.coindesk.com/dubai-legislators-discuss-bitcoin-regulation/
http://www.coindesk.com/ibm-china-blockchain-climate/
http://www.coindesk.com/asx-australia-blockchain-use-healthcare/

[Catmony]

Nobody is talking about the reason behind recent price rise because simply nobody knows the strong reason as well as nothing extraordinary have happened recently so may be this growth is natural growth or usual years pump on end of every year (Christmas pump).

[poptok1]

Maybe a simple cause of hot time (Christmas)
add a black Friday to it and boom, recipe for a price jump.
Can't see any other cause, I'm not an expert but current geopolitical situation
is nothing out of the ordinary. Trump? not much, it was expected and with little to none significance for altcoins world. Usual roller-coaster just before hot times.
Pump speculation? OK but run by who exactly? Chinese? Is it like a new UFO, if no body knows what is going on we will call China...?
IMO Black Friday & Xmas.  

[Yogafan00000]

The true answer is far more complex than Trump or China.

Bitcoin is the first currency where anyone on the planet can create demand for it while the supply is perfectly fixed at 21 million. Even gold can be dug from the ground or mined from asteroids to supply more.

With Bitcoin, a Chinese peasant is on the same footing as a New York banker and an African construction worker.  So you have 7.5 billion opportunities for price appreciation.  The human mind boggles at these numbers.  We cannot comprehend the scope or scale of the entire planets potential influence on price.

Even whales are crushed by an ocean of microscopic jellyfish.

We are only getting started.

[amacar2]

- Trump
- China
- SegWit
- India
- random?...

I don't think any of the above have any direct relation with the recent price pump today. But we can say mixed effect of all of the above and may be some manipulation by whales to create price swings because without price swings day traders can't earn enough bitcoin as profit. 

[bittraffic]

- Trump
- China
- SegWit
- India
- random?...

I don't think any of the above have any direct relation with the recent price pump today. But we can say mixed effect of all of the above and may be some manipulation by whales to create price swings because without price swings day traders can't earn enough bitcoin as profit. 

They say its India and its due to the fiat which their government devalued. but whatever it is, its not good for those altcoins. 
If things could go up to 1000USD, its gooing to be a massive pump for altcoins later. For those who invested some tokens like ICN, they'd be rich later.