What has affected the price of Bitcoin?

[ibuddy122505]

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?

Yes,You're pretty correct.Look at it the price of bitcoin It's continuously growing and growing at every seconds.Actually we are raising our Bitcoin price Of course the demand is rising as most people are concerned about Bitcoin.

[Doamader]

Still a mysterious why the price went soo up and keeps growing at the moment, Venuzela, India does have something with those last jump, but i never expexted that those countries issues would impact soo fast into bitcoin at all. Its becoming harder to get bitcoin for free as well to purchase bitcoin nowadays.

[lol3c]

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.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are

[Taki]

The price for bitcoin has crossed the point of 1000$ three days ago the first time for a long time. But then the price fell. I can say that it happen cause of many people cashed out their coins dew to new year holidays or just cause of the high price.

[chairul.muttaqin]

In my point of view the price of bitcoin increase so high because demand of bitcoin. That is very proper reason why bitcoin's price. So, this is give me a proof from the speculation that i get some weeks ago that bitcoin price is growing up in near time as the new year.

[lionheart78]

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.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are

Well you can say it is due to that, but we cannot omit the factor of manipulation.  This might be a bubble who knows, but I guess this bubble will be greater than 2013 if it is.  

Regarding supply and demand, bitcoin had been steadily uptrending ever since last quarter of 2015, there are major drives and campaigns that were launched by different company especially this MLM company that make people from rural areas knowlegeable of bitcoin.  The halving, brexits, decrease of yuan value, events in India and other factor that may contribute people to flock in Bitcoin had happened, the news about Pres. Trumps some officials being Bitcoin advocates.  This maybe the result of it.  And the hype or excitement of people because of bitcoin price surge this last December.  And I think the Bullish bitcoin is just warming up this year  So I think I will expect a continuous uptrend of Bitcoin Price.

[iram3130]

One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

[SHAWN-MIDWAYS]

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.

Is it really because of growing demand for bitcoin and rising number of bitcoin users? Because if it's really so, I don't expect it to rise that fast and significantly, although it's a good sign of bitcoin's growth. I think it maybe because of other reasons, but I don't know what they are

Well you can say it is due to that, but we cannot omit the factor of manipulation.  This might be a bubble who knows, but I guess this bubble will be greater than 2013 if it is.  

Regarding supply and demand, bitcoin had been steadily uptrending ever since last quarter of 2015, there are major drives and campaigns that were launched by different company especially this MLM company that make people from rural areas knowlegeable of bitcoin.  The halving, brexits, decrease of yuan value, events in India and other factor that may contribute people to flock in Bitcoin had happened, the news about Pres. Trumps some officials being Bitcoin advocates.  This maybe the result of it.  And the hype or excitement of people because of bitcoin price surge this last December.  And I think the Bullish bitcoin is just warming up this year  So I think I will expect a continuous uptrend of Bitcoin Price.

This is quite an informative response and I do agree with most of your reasoning's as to why bitcoin has had a sudden hike in price, but the Trump officials being bitcoin advocates I doubt that!

[veleten]

pure bubble
there are no reasons to see the price go up x3 in 8 months
i.e. no major companies announced their support for bitcoins,it has not been declared legal tender
or accepted freely around the world,global adoption is low still
hence what we see is speculation,big holders are buying and drivng the price up
what we see now is chinese exchanges and their huge volumes dominate the market and show the price vector to the rest of the world
as long as they are buying in retarded quantities the price is going to rise...
lets hope for better,but bubbles tend to burst,and there could be an abrupt drop in price aka 2013  to repeat the cycle

[romero121]

One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

That's true and acceptable. Bitcoin got fame due to the increased miners in China. On this basis bitcoin has some relation with the China's economic situation. Also now India is playing a big role after demonetization, which grabbed the attention of lots of common people towards bitcoin in a short period. This too an factor for the ongoing price peak.

[RoommateAgreement]

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?

from 980 (yesterday's price) to $1020 (today's price) is only a 4% rise knowing that things don't look so scary anymore.
and about the rise in my opinion it is mainly because of adoption and also traders who are increasingly rising in number and create a big amount of demand and price of any market is only controlled by supply and demand.

[btcdevil]

One of the important factors was the economic changes in China and India. Don't forget that more than a quarter of world's population is in China and India. A big chunk of that turned into a better form of currency, Bitcoins.

That's true and acceptable. Bitcoin got fame due to the increased miners in China. On this basis bitcoin has some relation with the China's economic situation. Also now India is playing a big role after demonetization, which grabbed the attention of lots of common people towards bitcoin in a short period. This too an factor for the ongoing price peak.

Even in India Bitcoin is acceptable and their is no law against it that is also the main reason of Bitcoin price is raising as in Asian country Bitcoin is moving fast and the growth is very high. Asian users are taking benefit of online income as in conversion to fiat currency the price is very good and low economy users are getting more benefited so it is getting famous very fast

[nara1892]

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.

agree. it is the law of marketing. the higher demand is, the higher the price will be.

I think many people are interested in bitcoin nowadays. but some pumpers also affected this, IMO, because in a few years, the price of bitcoin increased by tge end of the year.

[Ayers]

i think various things, did affect it, you have chinese with their yuan policy, india banning their big fiat notes, christmas and festivity, the halving yes, and of course you have also, that when people see bitcoin rise so much they will buy more and increase the market even more

[SvenBomvolen]

   I see nobody here can tell why price is going up. Nobody! Supply and demand, halving, more things to do with btc accepting, everyone here is just guessing and that is all we can do here. Maybe is Trump, or Hilary, lets guess more, aliens maybe? Some thread and topics here sound like little kids are playing, maybe thats why nobody take btc for serious.
   Chinese definitely! When we dont know what else to say we blame Chinese every time, doesnt matter if its going up or down, they are guilty for everything connected with bitcoins, and litecoin of course.
   

[Victorycoin]

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

Well buying in hope of potential gain is one thing, but given the financial crisis a number of countries are having with their national currencies, like India and Venezuela, bitcoin became the best safe haven currency. Some people are also turning to bitcoin to check inflation and surprises from the government.

[Sex Video Chat VKcams.com]

There is no "price" in currency.
The "price" is 0.
The code is useless if it could be not exchanged to $ or euro.
And on the Market the name is "exchange rate".

Well buying in hope of potential gain is one thing

People is buying in hope to use them to become some chemical products.
I observe any supermarket, where You can use BTC for shopping.

[I Just Wanna Help]

There is no "price" in currency.
The "price" is 0.
The code is useless if it could be not exchanged to $ or euro.
And on the Market the name is "exchange rate".

I don't quite understand what you mean by that!
Could you please illustrate more so that I can get your point?
What currency are you talking about? And what is "price" 0?

[Sex Video Chat VKcams.com]

And what is "price" 0?

Here is a coin made with 31 gramm of silver.
Silver have the price.

The paper currency notes have the price of paper and printing.

If there will be no ask to buy BTC, then you will have the useless BTC code.

[CryptoVzla]

i also think that we're in a bubble right now but the thing it's how its going to "explode"?  hacked exchange? whales dumping?  what do you think?