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Author Topic: Whats causing the price to go high to ATH?  (Read 1920 times)
rainbowstain
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May 02, 2017, 04:07:41 AM
 #21

the price of bitcoin is going rise because there is a confirmation from sec that needs to be approved, and with the price increase everything will be increase and there will be problem arising of the block size and the fees.

On what ground???

Let me rewind history a bit.
In US where SEC is located at, there had been roughly 150 yrs old of tussle before FRB finally came out as the victor to control 'em all.
It's history is littered with marks of diluting laymen's money; gold note, greenback, goner of bretton woods... you name it.
They have long, rich of history behind their back.

The result? 2008 incident, which was fabricated by *the banks* under the control or FRB.
From that incident, BTC is born, and it is born from the very ideology where SEC/ FRB/ whatever central banking system are completely, utterly up against.
ETF approval from SEC is like two most hated enemies going to bed together.

Sadly, after only 9 yrs later, ppl seek to have *a permission* to trade BTC with paper from FRB.
History repeats itself not because the environment changes, but because ppl easily forget.
We'll see what happens.
Pearls Before Swine
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May 02, 2017, 04:11:48 AM
 #22

More buyers than sellers,  that's all there is to it.

I'm wondering when sig campaigns are going to start dropping their rates.   Secondstrade has already shat all over their fool participants.  And the faucets will soon be paying 1 satoshi per hour. 

Where's that 'I think we're the new wealthy elite, gentlemen' thread when you need it?  Lol
Alphabit
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May 02, 2017, 05:03:10 AM
 #23

It must be Japan acceptance of bitcoin as payment a method
in good and services and other big businesses there are testing it.

And the other cause maybe is Bitfinex setting everything higher because users is increasing the value on their exchange due to the recent hack but sometimes  just because something is going high it doesn't mean it wll go down, we'll see after a few weeks.




I take onto account all that is said from others about the elevation in btc rates. However I specifically belive the Japanese have a lot of input in this, due to thier recent interest in crypto. Fundamentally more ppl are building interest in crypto currency demand is increasing everyday, as a result more buyers than sellers.
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May 02, 2017, 08:43:55 AM
 #24

  • the news from Japan and then after it Russia wanting to regulate bitcoin and then Europe talking some positive news about bitcoin.
  • the usual adoption that is always happening.
  • Winkewii twins requesting their ETF to be reviewed again and the possibility of it getting accepted, even if it is small.
  • recent dip to $900 helped with the accumulation and many coming back in bitcoin and start buying it up again.
  • altcoins getting pumped and giving people a shidload of money that is coming back and being injected back into bitcoin, increasing the price.

Only Bitcoin
very_452001 (OP)
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May 02, 2017, 03:46:12 PM
 #25

Ok when do you guys think that the USD withdrawal at multiple exchanges will resume back to normal?
craked5
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May 02, 2017, 04:12:31 PM
 #26

I think the cause of this price increase is because of Japan's announcement that they are already in to bitcoin transactions. So for those Japanese that don't have it, they are now keep on buying so I think they are really the true reason about this price increase. They are rich and as long as they can see an innovation and progress in it, they will believe on it.

It's more general than that in fact
It's just that on a global scale there is not a single shadow in the btc realm.
There is no reason for the price to do anything else than going up. Everything is going perfectly smooth right now!
very_452001 (OP)
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May 02, 2017, 04:38:50 PM
 #27

What about the previous FUD of Bitcoin Unlimited and what about BTC scalability issues? Is the fork or takeover from BU still happening in the future?

What if Litecoin gets segwit and LN, will that cause BTC price to go down?

Will BTC get segwit this year?
Shiroslullaby
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May 02, 2017, 06:15:13 PM
 #28

I think Litecoin could become a strong competitor to Dash/ ETH and coins like this,
but Segwit/ LN wouldn't cause it to take over Bitcoin. (In my opinion)

Bitcoin is already established as the number one currency.
It would take some time or huge errors for another coin to become number one.

JimboToronto
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May 02, 2017, 06:32:09 PM
 #29

Supply and demand.

Rigidly fixed supply with ever-increasing demand worldwide.

Japan is a wealthy enough nation that they have had a much greater impact than for example Venezuela, but adoption is happening all over.

Of course the price will keep increasing long-term, regardless of shorter-term ups and downs.
squatz1
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May 02, 2017, 06:37:39 PM
 #30

I think the cause of this price increase is because of Japan's announcement that they are already in to bitcoin transactions. So for those Japanese that don't have it, they are now keep on buying so I think they are really the true reason about this price increase. They are rich and as long as they can see an innovation and progress in it, they will believe on it.

Really doubt this is something that is really just having a big effect by itself, and even if it is, it was probably orchestrated to make people think that Bitcoin is growing in users so they make people think that the price is going to go up. This is a devious tactic which simply leads to people buying into a market that is poised to fall-- no one is going to know when the time is for it to fall from this high spot but it will at some point.
The price starting to rise when bitfinex has withdrawal problem, which this exchange raise the price more than $100 compare to other exchanges and then other exchanges has raised the price too > because SEC order to review bitcoin ETF on 15th May, which caused speculation and bitcoin price slowly increases. The highest trading volume maybe occurred in Japan exchanges after this country legalized bitcoin, every good news and speculation make the price increase I guess.

No one even cares about this either.

It's simply the whales wanting this to happen and probably putting some money into marketing to make it happen so they can make some good money, it's rather simple how the market is and how to move it. You just need an insane amount of money to have influence.




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Pab
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May 02, 2017, 07:00:52 PM
 #31

It is all about seagwit integration you can read about it on article below
http://www.coindesk.com/could-litecoin-be-the-first-major-blockchain-with-lightning/
If that will be done btc will be light and fast now LTC is testing btc improvement

 
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richardsNY
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May 02, 2017, 07:15:53 PM
 #32

It is all about seagwit integration you can read about it on article below
http://www.coindesk.com/could-litecoin-be-the-first-major-blockchain-with-lightning/
If that will be done btc will be light and fast now LTC is testing btc improvement

The price going up has nothing to do with that. Litecoin is nothing more than a test base for Bitcoin. If SegWit gets activated on Litecoin, then it will make Litecoin's price go up, but not from Bitcoin. Same goes up for Lightning Network. Bitcoin value will get positively affected as soon as becomes clear that SegWit is not far from activating, and that's not the case. Current increase comes from other sources....
Mbokani
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May 02, 2017, 08:34:04 PM
 #33

It is all about seagwit integration you can read about it on article below
http://www.coindesk.com/could-litecoin-be-the-first-major-blockchain-with-lightning/
If that will be done btc will be light and fast now LTC is testing btc improvement
Most of the major investors does not care or does not understand what segwit is and so that is not the case with the price soaring at an all time high,there are several reason for that to happen,there is an increased volume and investment from Japan after they have legalized bitcoin,then there is the SEC reviewing the ETF process and so on made the jump in price.
Shiroslullaby
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May 02, 2017, 08:52:21 PM
 #34

Most of the major investors does not care or does not understand what segwit is...

The same thing goes for the average consumer.
I guarantee 90% of people who use Bitcoin have no idea what Segwit or Lightning Network are.
They just want to buy stuff and pay for it. Which is why user base/ supply and demand is the number one factor in price.

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