Price of BTC - up about 150% in the past 12 months. Reasons?

[poetra2501]

So many reason for this halving can be one of them, demand can be another, even can be talks about implementation of segwit and BU. All factor and some other are reason that price is changing and can be implemented in any way. Realistically we can expect this year for bitcoin to be over 1200 even 1500 in some point this year. Price can go down below 800 so best recommendation is to store as much is possible.

In Bitcoin world, the cause of the occurrence price increase is due to the many demand than supplies.
We know that, every year the user of bitcoin is very increasing. And Yeah, now the price is go down again,
maybe it's because will be halving, but after halving usually the price Bitcoin will be up again.

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[South Park]

The reasons why Bitcoin is up 150% in the past 12 months?
I am also surprised: it should be 1500% and not 150% ...

If the block size is larger, the price could be higher.

The debate about what solution to take whether it is segwit or BU seems to have crashed the markets in the last 2 days and made bitcoin reach sub 1000 prices once again so I don’t see a correlation between the size of the blocks and price, but may be that is just me.

[Yuuto]

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

Mostly speculation but also because of the community growing together.

I mean let's face it, there is no way that something is going to rise 150% in a year because the user base growth has outpaced inflation by a factor of 1.5x. When there is good news, then there will be pumps. And there is bad news, there will be dumps.

Right now we are in a bear stage, which is unavoidable as well as unpredictable as the pumps.

But that sub-$1000 feeling again... Good time to go against the crowd and buy.

[vatusasid]

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

Mostly speculation but also because of the community growing together.

I mean let's face it, there is no way that something is going to rise 150% in a year because the user base growth has outpaced inflation by a factor of 1.5x. When there is good news, then there will be pumps. And there is bad news, there will be dumps.

Right now we are in a bear stage, which is unavoidable as well as unpredictable as the pumps.

But that sub-$1000 feeling again... Good time to go against the crowd and buy.

I do not think the bitcoin is in bear stage. It is consoidating. After a few months, the price will rise again.

[Okurkabinladin]

The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.

What do you think caused that?

1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?

Do you think rising trend will continue in 2017?

Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.

Id vote for combination of the above. It is also worth noting, that we finally bottomed out about year ago from bear market that lasted three years (!), recovery was only overdue in that regard.

I believe rising trend will continue this and the next year with large bumps alond the road. We will see 3000 eventually atleast before bear market resumes in its full strength.

[pooya87]

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Id vote for combination of the above. It is also worth noting, that we finally bottomed out about year ago from bear market that lasted three years (!), recovery was only overdue in that regard.

I believe rising trend will continue this and the next year with large bumps alond the road. We will see 3000 eventually atleast before bear market resumes in its full strength.

that three years (?) was the harm that MtGox did to bitcoin and the bubble took a long time to go away and price recover from that big manipulation and the scam they pulled in the end.
the "rising trend" however will continue as long as bitcoin is being adopted more. it has not ended and it will not end in 1 year.