Reason of increasing bitcoin price

[emberbekas]

The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.

I read about it too. Japan nowadays already legalized bitcoin. And I think this is the main reason why bitcoin price move up significantly. This could be a good reference for the future.

[MingLee]

The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.

Not really, it's just mainly speculation at this point. While there is some value being generated by more countries seeking to allow for Bitcoin to become a currency used in daily life, a majority of the value we see is being pumped due to people buying to make sure they don't miss out if bitcoin goes to the moon, and then there are still whales investing in Bitcoin, although it is getting harder for them to manipulate the markets.

[CryptoBjorn]

For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.

[bitbunnny]

For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.

I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.

[skorupi17]

The main reason is the continuous increasing demand. However, the reason/s behind that includes many factors. The wide acceptance of bitcoin when Japan started accepting bitcoin as a mode of payment last April first. After that happening, we heard about the massive attack of a ransomware which alarmed the public and gained knowledge about bitcoin due to the attacks. Then currently, many popular news stations featured bitcoin via news report and that would made the public more aware of the existence of bitcoin. Also, we cannot set aside the efforts of some bitcoin users by propagating the knowledge about bitcoin through social media, personal talking, or in whatever way.

[caldero]

Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?

There is no easy way to predict bitcoins price, just follow the news and think of how many people are seeing that news and deciding to put money into bitcoin. The more mainstream it becomes the higher the price will go. There is obviously also a speculative value to it but that kind of pump is the one that usually gets dumped later. I'm of the opinion the current price rise is mostly due to wider adoption and only a little bit from the speculative side.

[AK47-]

For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.

I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.

Because of Japan, many more countries are now following the same path. Before, People used to think that bitcoin is a currency for illegal activities. But now after many countries accepting bitcoin. People are optimistic about it. Demand have increased. Here in India, the demand have increased a lot in past few weeks.

[chaser15]

For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.

I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.

Because of Japan, many more countries are now following the same path. Before, People used to think that bitcoin is a currency for illegal activities. But now after many countries accepting bitcoin. People are optimistic about it. Demand have increased. Here in India, the demand have increased a lot in past few weeks.

Legalizing bitcoin in Japan really bring a heavy impact to the bitcoin price and can consider as one of the reason why we are sitting today at above $2,000. But it doesn't mean because of that, we can say that more countries following the same path. Can you tell me one country who follows the same just because Japan did a thing?

The actual reason for a country to accept bitcoin is not because they saw other countries accepting it but because they conclude an ouput by analyzing all positive and negative thing that bitcoin can do once it was legalized and can be used freely as a currency on a certain country. As far as I remember, it took years of study before Japan accepts bitcoin. Same with other country, still on progress of analyzing before it will officially accepted as currency to be used.

[BarbieCasino]

The reason maybe the adaptation of bitcoin at different countries. The news article being published about bitcoin. Especially the adaptation of bitcoin in Japan, I think this has made a great impact in the bitcoin industry. Although we cannot say that this is the only reason why bitcoin price is increasing but as you can notice in different news articles, it is one of the hot topics in bitcoin industry.

you are right the reason of increasing price of bitcoin is adoption especially in japan. and there main  reasons behind price of bitcoin is market trade. in market when there demand well increase then bitcoin price well increase.and now a day bitcoin demand are so increase and every one invest there money in bitcoin that why bitcoin price goes upwards.

[Kemarit]

For sure japan making it a legal tender has contributed, but I think more companies have seen the potential of bitcoin and with that both consumers and companies invested a lot of money into this new blockchain area.

I also agree that Japan has contributed to the price we are having now and that has brought some new positive tendencies. That also affected the situation of demand and supply and the thing that Bitcoin is becoming more accepted and by now is important player in the new world of finances.

Because of Japan, many more countries are now following the same path. Before, People used to think that bitcoin is a currency for illegal activities. But now after many countries accepting bitcoin. People are optimistic about it. Demand have increased. Here in India, the demand have increased a lot in past few weeks.

Legalizing bitcoin in Japan really bring a heavy impact to the bitcoin price and can consider as one of the reason why we are sitting today at above $2,000. But it doesn't mean because of that, we can say that more countries following the same path. Can you tell me one country who follows the same just because Japan did a thing?

The actual reason for a country to accept bitcoin is not because they saw other countries accepting it but because they conclude an ouput by analyzing all positive and negative thing that bitcoin can do once it was legalized and can be used freely as a currency on a certain country. As far as I remember, it took years of study before Japan accepts bitcoin. Same with other country, still on progress of analyzing before it will officially accepted as currency to be used.

I think as far back as 2014, Japan has been studying about embracing bitcoin and making it legal to their country. I think the Mt. Gox incident has took them a back in their decision. And just last April they finally make it a legal tender. I think more liberal country will follow what Japan did, but it will probably takes years though because they really need to analyze every aspect of it, specially the financial impact it can bring to their nation. We just have to see what Australia impact as well on the ecosystem come July 1. We may see a new price surge as what Japan bring to the market when they legalized it. Japan has already started a tsunami, we will just have to wait and see if other country will follow it up.

[fireball4]

Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?

No one can predict the price hike of bitcoin. There are many factors affecting the pricing of bitcoin. 100% chance of success to get profit from it is impossible.

to be honest you are right, people just are unable to guess it usually, though what you could do is just invest into bitcoins for a long term and then wait for like 5 years or something. In this way you might become even a rich person just by doing nothing. For right now I think the price is increasing purely for speculation in China and stuff, so I would be really careful about investing right now.

[moviebuff777]

Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?

As long as there is some demand for bitcoin, the price should rise over time because of the limited supply. The recent increase are hard to explain. It could just be that more investors are starting to get interested in it.

[Chin Cheng]

The recent price rise is not because of a single reason and there are a culmination of events to get the price to where it is now,legalizing bitcoin from Japan and other countries saw some investments pouring into bitcoin ,then we heard abt the SEC news,economic issues world wide and war scares,all of these events might have resulted in the price rise.