why is bitcoin price rising?

[bandish]

Now that all exchanges and wallets have stopped the bitcoin purchases, it is fair to assume that the prices would dip or at best, remain stable. But it has already shot up to 2800. WHile there may be some people converting other cryptos to bitcoins, most people would be doing the reverse trade to be safe during the implementation phase. Lot more people are moving the bitcoins out of the exchange / cloud wallets to hardware wallets etc..

All of the above is just reducing the net demand of bitcoins. the prices should be dropping in that case. Any comments, anyone?

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[pixie85]

One idea is fake trading that some exchanges were accused of. Also, trading is done in the API only, so you can disable coin deposits and still be able to trade with whatever assets are on your account. Some people are still wiring fiat and buying coins that others have deposited before crypto deposits were suspended.

[swogerino]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

[SvenBomvolen]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

[TheGodFather]

it's insteresting man..

Yes because people are interested there thats why bitcoin raises its price because of that thing. And because of its high demands it will be more increasing its high price because of that. We all want to have a bitcoin because it has a high price in the market so if you have many bitcoin then you are rich.

[megynacuna]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

You might have a point thatvthe whales might be the ones that are controlling the current prices of Bitcoin. It must be said that the prices have tumbled and soared back in position within a space of two weeks and so I smell a rat of whales activities during this time period.

[stergium]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

You might have a point thatvthe whales might be the ones that are controlling the current prices of Bitcoin. It must be said that the prices have tumbled and soared back in position within a space of two weeks and so I smell a rat of whales activities during this time period.

i also think that the only reason which is causing the price of bitcoin to increase is  that people are still interested to buy bitcoin. on other side bitcoin is also becoming more and more popular from time to time which also also increasing the demand of bitcoin and therefore the pricei  of bitcoin is also increasing. i think that the price of bitcoin will continue increase for a long time and we can expect the price to reach to 10000$ in near future.

[Skarner21]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

You might have a point thatvthe whales might be the ones that are controlling the current prices of Bitcoin. It must be said that the prices have tumbled and soared back in position within a space of two weeks and so I smell a rat of whales activities during this time period.

i also think that the only reason which is causing the price of bitcoin to increase is  that people are still interested to buy bitcoin. on other side bitcoin is also becoming more and more popular from time to time which also also increasing the demand of bitcoin and therefore the pricei  of bitcoin is also increasing. i think that the price of bitcoin will continue increase for a long time and we can expect the price to reach to 10000$ in near future.

This is not the only reason many people are investing because they know that they can make more benefits of the price increase traders are always investing and other investors are investing lots of bitcoin like we seen in the past week ago the price was drop but the price increase back because they are afraid about segwit but after some miners tested and beginning to use the segwit software its running normally that i think it can be good news for other bitcoin user that i think a sign of price increase so we seen right now the price was back to normal and now bitcoin is growing normally with other investors or new investors that they seen the use of bitcoin ..

[Pearls Before Swine]

One idea is fake trading that some exchanges were accused of. Also, trading is done in the API only, so you can disable coin deposits and still be able to trade with whatever assets are on your account. Some people are still wiring fiat and buying coins that others have deposited before crypto deposits were suspended.

That's not it, though.  Right now the fear of August 1st has passed and investors are buying like crazy.  And hardcore cryptoheads are holding and not selling.  That's more than enough to bump the price up significantly, which is exactly what's happening.

This is the same answer I think I've given on other threads, and it really is usually the same.  Bitcoin has nothing backing it, so it's purely supply and demand.  Demand goes up (buy orders), and the price does likewise.  It's pretty simple.

[TastyChillySauce00]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

You might have a point thatvthe whales might be the ones that are controlling the current prices of Bitcoin. It must be said that the prices have tumbled and soared back in position within a space of two weeks and so I smell a rat of whales activities during this time period.

those whales know that the event in 1st august will solve some bitcoin's problem thus make bitcoin more valueable than now. as you know, these events exist for the sake of solving critical problem instead of letting bitcoin obsolete by the time being.
Pretty curious of how people think that segwit and block size increase is a bad thing LOL

[IamHigh]

I don't know why the price is rising but I know that the price should not be dropping because there are some exchanges that are still buying bitcoins during these days. Coinmamma in US and Bitpanda in EU are still accepting to sell and buy bitcoins, respectively Coinmamma only selling to users and Bitpanda, buying and selling to users.

I also don't. Everything that comes on my mind is bitcoin whales who began to buy coins after the price dropped low due to work of speculators who were yelling about bitcoin's pop after the 1st of August.

You might have a point thatvthe whales might be the ones that are controlling the current prices of Bitcoin. It must be said that the prices have tumbled and soared back in position within a space of two weeks and so I smell a rat of whales activities during this time period.

those whales know that the event in 1st august will solve some bitcoin's problem thus make bitcoin more valueable than now. as you know, these events exist for the sake of solving critical problem instead of letting bitcoin obsolete by the time being.
Pretty curious of how people think that segwit and block size increase is a bad thing LOL

This rise is nothing now. If they can solve scalability and slow transaction problems, we'll see a sky rocket from bitcoin price. We just need the problems solved.

[Pleione527]

I think it's a way to divert people attention for August 1 happening they give high value for bitcoin so that many will have interest on investment or somehow selling their coins. If there's really a split maybe it will result to high appraisal on bitcoin so if you give into the temptation of selling your coins now while it's high maybe you will regret it in the future well just my opinion

[Kidmat]

it's insteresting man..

Yes because people are interested there thats why bitcoin raises its price because of that thing. And because of its high demands it will be more increasing its high price because of that. We all want to have a bitcoin because it has a high price in the market so if you have many bitcoin then you are rich.

Even exchange stopped of bitcoin purchase still traders are into buying bitcoin. Bitcoin price rising because of its demand and continuos buying. You are right if bought at lower price in the long run all can be rich.

[Wesimon]

Maybe because after all that happened and will haooen, many people still has the confidene with bitcoin. Many are still interested about it and willing to possess bitcoin by buying them. And also, many developing countries are showing interest in bitcoin making it popular.

[Mallyx]

Because Bitcoin will always be here, whatever the scenario.

[justspare]

One idea is fake trading that some exchanges were accused of. Also, trading is done in the API only, so you can disable coin deposits and still be able to trade with whatever assets are on your account. Some people are still wiring fiat and buying coins that others have deposited before crypto deposits were suspended.

It is "interesting" not a interesting so i would give you just one choice hire a writer if you are weak in writing because if you are posting just few words how would you apply to signature campaign like I’m asking that how would they approve by only these posts. So it is better to improve your knowledge because it is much need in a future if are willing for qualify.

[Fishmaster23]

Now the price of bitcoin is very unpredictable. During the day we can see both growth and a sharp fall. I'm a little concerned about this. I prefer to see constant growth)
I think that all this depends on the relationship between supply and demand. And once many people want to buy bitcoin that we directly see how the price goes up.

[farhaan]

I think the price is rising because the whole "bitcoin split" drama has been avoided. August 1st will NOT happen.

Yes,people have started to realize that bitcoin would not split and all the news were just FUD spread by big whales in order to buy cheap bitcoins.Thats why,more people have started to buy bitcoins since they have started to feel that this might be the last chance to buy bitcoins below $3000.

[lumeire]

I think the price is rising because the whole "bitcoin split" drama has been avoided. August 1st will NOT happen.

Yes,people have started to realize that bitcoin would not split and all the news were just FUD spread by big whales in order to buy cheap bitcoins.Thats why,more people have started to buy bitcoins since they have started to feel that this might be the last chance to buy bitcoins below $3000.

It's more probable that the idea of having BTCC is bringing in more demand, hence the rise.

[arbitrage]

People finally realizing what is Bitcoin and number of people included rising. Now price predictions from few years before are true and confirmed, I'm talking about long term predictions.. Small price swings don't bother me at all. In the longer term BTC will stay No.1.