What has affected the price of Bitcoin?

[dat.ho12492]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

[iqlimasyadiqa]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

[pinoycash]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

Economics, Supply and demand, people are still buying BTC in hopes for potential profits, but once bag holders starting to sell their coins the price dump will happen

[boyptc]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

Yes that is the reason why bitcoin is rapidly increasing its price. As we know when there is high demand of something the supply of it is lesser and since many of bitcoin users are holding also their bitcoins. Those people who wants to have bitcoin have no choice but to buy bitcoins which is making the demand higher and helps in increasing the value.

[dat.ho12492]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

yes, i also heard demand of bitcoin in India and some countries are increasing, so i think price bitcoin sudden increase because demand of market and users

[digaran]

Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course .

[chesatochi]

One of the cause I read on the bitcoins news website is China is trading a huge volume of transactions lately on exchanges. The price of the Yuan decrease and people looking for alternatives to keep they wealth, but many other factors help also on the equation. In the undeveloped countries, bitcoin start to become very popular and gain mainstream adoption.

[dat.ho12492]

One of the cause I read on the bitcoins news website is China is trading a huge volume of transactions lately on exchanges. The price of the Yuan decrease and people looking for alternatives to keep they wealth, but many other factors help also on the equation. In the undeveloped countries, bitcoin start to become very popular and gain mainstream adoption.

terrible, China is a country with miners and users Bitcoin is huge, i think China want to lead in trade and use bitcoin, they want to control and dominate the market Bitcoin

[dat.ho12492]

Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course .

Back to normal $780, if it is true, many people will be sad and disappointed Bitcoin. You should not predict the future because the future of Bitcoin unpredictable, it can affect to me,you and all people

[BitcoinBarrel]

The Block Reward was cut in half from 25 BTC to 12.5 just a few months ago. This has a trickle down affect with Supply and Demand which we are starting to see now. Combine that with all the fiat currency regulations and restrictions imposed by governments around the world and wha la.

[aardvark15]

Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course .

I agree that this is partly just a bubble and we will see the price drop at some point. I still think there will be a gradual increase over time. This increase seems to quick for it not to be some kind of pump.

[mrkevio]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I think this happened because of a growing demand for bitcoin. we know that the current bitcoin users continues to grow significantly.
because of these factors that make the price of bitcoin increased with ease.

Like I always said, Bitcoin usually gets the highest price of the year by Christmas. That is because it's the time when everyone goes out and buys gifts, and Bitcoin is used too. Of course the demand is growing, especially with people finding out right now about it from the news wherethey say it's used by terrorists to hide their identity. The bad part here is that this makes most people think it's not a good idea to invest in Bitcoin. It is, you're not helping these terrorists in any way by using it and you're not a terrorist either for using it.

[abel1337]

Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course .

I heard about the price bubble , As of now bitcoin price is 1000$+ and it is still rising , If huge dump happen other starter  bitcoiners might get disappointed with the price and some will just dump it also.
But lets enjoy the bitcoin price at the moment , Lets earn more and more bitcoin.

[smho_16]

Have you heard of a price bubble? it grows and becomes as big as it gets only because those people buying also know about the bubble but they just keep buying higher and higher prices since they can then sell to next high price buyers and when funds are exhausted with traders deciding to withdraw bubble pops, then we'll see the price to back to normal $780 and starts to slowly increase from there.
Don't forget the new year's spirit of course .

I heard about the price bubble , As of now bitcoin price is 1000$+ and it is still rising , If huge dump happen other starter  bitcoiners might get disappointed with the price and some will just dump it also.
But lets enjoy the bitcoin price at the moment , Lets earn more and more bitcoin.

I don't think the dump will happen anytime soon but even if it does there are some hungry wolves waiting for this dump to buy the bitcoin and this can lead to the price increase again.

There are quite a few factors that impacted the raise in price of bitcoin, halving, christmas (short term) , interest growing bigger and bigger from lot of different countries and people.

[Denker]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

It's all of that!
But I think it is important to point out that no one controls Bitcoin!
Sure in China are the biggest miners and the chinese exchanges are having the biggest volume, probably due to zero fees.However they have no control over Bitcoin!No one has!
Bitcoin is growing, evolving and progressing.Possible that it's price was down pressured for a long time so that certain were able to accumulate as much as they could.
And now we are taking off!

[bitbunnny]

This looks like a bubble now but let's hope it will not burst too soon and too loud.
Some dump will follow but that doesn't mean Bitcoin should go to the bottom, maybe some correction back to 900$ or 800$ when the situation goes back stable and then we can go up again but in more moderate way.

[deadsilent]

You know. Theres many reasons that may affect the bitcoin price. Maybe because some big whales are buying and holding huge amount of bitcoins that affects the price of bitcoin. Bitcoin is really popular right now. Massive buying could cause the price to increase due to limited supply of btc. Look at China and India. Bitcoin there is really in-demand. So no doubt why the price there is different than any countries

[Roselop]

Sorry, but i don't know why price bitcoin increase quickly, yesterday i see price bitcoin is 967$ and today price is 1034$, what's happening?
Many people talk to me Chinese control Bitcoin, some people talk me demand of bitcoin increase so price bitcoin increase. Who should i believe?

I don't understand why bitcoin are rising so highly.? Anything about the the world war 3 or any big economies collapsed?
yes, I'm very surprised about this. Please give me an advance if I should buy more bitcoins for long term?

[kryptqnick]

I don't think it's all about the Chinese people, come on   Is it really more than a $1000 already? I didn't notice that and tyhought it won't be like this. I thought it would take around a year more for btc to get that high. As for the price that has changed, I guess it is nothing special. Btc has is fluctuations. It is 1013 USD already, so the price dropped a bit in a couple of hours. Just keep calm and watch it growing slowly.

[ChrisPop]

There are many factors that contributed to bitcoin price rise in 2016. From the block halvening and brexit to the capital control in China and the indian economic decisions like the withdrawal of the 1000 rupees banknote from the market. Of course that the rising adoption of bitcoin by more and more businesses,corporates and people is playing a significant role on the bitcoin price.