Reasons behind this Rise/Bubble?

[timerland]

Well i am not into Bitcoin news, So need sources from you guys. What has caused this uproar in the price in your opinion? Except for the 1st Aug, Have any country approved bitcoin? except the Japan news. Any positive news in the air which has caused this up rise or its just a simple bubble. If you think this isn't a bubble do let me know why? I need proper sources with your answers. Also do suggest me some good news sources for bitcoins. Thank you.

I think the single most talked about issue currently is the segwit activation date which is actually coming later this month. In my opinion, this has a lot to do with the recent rise in price. People simply think that Segwit is going to be activated without any sort of hiccups and they are willing to put their money where their mouth is, and invest some real dollars into bitcoin.

However it does seem like currently, it is entering if not already in a bubble state.

Sources aren't accurate. Do whatever you deem the best thing to do. Don't rely on others opinions. But if you want just general news, then go onto coindesk.

[giantrobot]

There is no specific reason for the price bubble, because in the past the price increase was mentioned as a price wave. By that time of increase its mentioned that three price wave happens. I feel this to be the second price wave and expect the third price wave to take place by the end of the year.

There is always a reason for changing the value of bitcoin, because that is an abnormal change. Bitcoin is a strong currency, it is always growing steadily, but that stability can be broken for a number of reasons.

[sasaku bitbit]

August was the reason behind the growing bubble of bitcoin prices every day even every minute because this also as encouraging news for us from a few months ago bitcoin shrank with enough price declines make weak bitcoin so ruckus everywhere. I hope and am sure bitcoin will continue to rise and survive

[bamboylee]

Bitcoin is just a hot commodity right now. It started with August 1 and then segwit locking in and the momentum just continued until now. Maybe newbies are buying in because of the hype the events created. But I think it is still healthy because there are real reasons to by hyped.

[djuvantebit]

The reason is the upcoming hard fork
Big whales know this is going to be devastating. So now they pump Bitcoin so they can dump all they have before the hard fork.
This apparent rise also causes a lot of people new to Bitcoin and unaware of the upcoming hard fork to invest, enriching the whales.

Good man! Couldn't have stated it better.......the game of the minnows and the whales

[The_Dark_Knight]

High demand+ bitcoin scarcity

This will go like cycle ;

1. Newbies are buying bitcoin because they have seen a huge surge in price and panic over hardfork is now over.
2. Whales are pumping price even harder so that they can sell at peak.
3. When whales will sell their bitcoins to pull out some profit, it will create an another round of panic on the market.
4. Those new traders will quickly sell their bitcoins at lower price than at what they have bought them due to panic.
5. Whales will buy all those cheap bitcoins again.

Can't find any strong reason,news ,updates that can back such a huge pump we have right now.

That is the basic cycle but it is very obvious that the positive news about segwit have played a big role in this, people are more confident in bitcoin than ever, after a lot of time discussing a way to improve the network we finally got one solution and when we add that bitcoin cash is not gaining much adoption then this makes bitcoin even stronger in the eyes of the people.

[LavaJack]

Despite any occurrence of "big whales" moving the crypto market, there is also huge, bullish grassroots momentum. The price of bitcoin may go down during the next hard fork, however, that does not mitigate the fact that individuals and institutions are dumping money in by the boatloads. Anticipate the market to rocket up after the following hard fork, and trade altcoins for a couple profits currently.

[Pursuer]

Can't find any strong reason,news ,updates that can back such a huge pump we have right now.

Um, maybe you haven't been around because your account is old enough as a hero member i can't say you are new to bitcoin! everyone knows the reason already. it is not really something weird.

the scaling debate has ended and all the uncertainty went out of the window when SegWit reached the 100% support. before that, everyone was either scared, uncertain or both. so they were hesitant to invest in bitcoin. and so far bitcoin is still the same decentralized cryptocurrency that nobody can control and also has a very small and limited total supply.

and now all those people are coming back, knowing that issues are solved and there is only upwards to go.

[snowdropfore]

the reason is no reason ,it is bull market now ,when bear market come ,it will down

[flyingcat]

the reason is no reason ,it is bull market now ,when bear market come ,it will down

Only bullish market for Bitcoin and Token ICO, all altcoin on market from June until today still in period bearish market.
You can see many altcoin in this month has dumped to lowest price, even the price in March this year!

[djuvantebit]

High demand+ bitcoin scarcity

This will go like cycle ;

1. Newbies are buying bitcoin because they have seen a huge surge in price and panic over hardfork is now over.
2. Whales are pumping price even harder so that they can sell at peak.
3. When whales will sell their bitcoins to pull out some profit, it will create an another round of panic on the market.
4. Those new traders will quickly sell their bitcoins at lower price than at what they have bought them due to panic.
5. Whales will buy all those cheap bitcoins again.

Can't find any strong reason,news ,updates that can back such a huge pump we have right now.

Not far from the truth, this is the bottom line 

[The_Dark_Knight]

Bitcoin is just a hot commodity right now. It started with August 1 and then segwit locking in and the momentum just continued until now. Maybe newbies are buying in because of the hype the events created. But I think it is still healthy because there are real reasons to by hyped.

I do not think it is just newbies buying bitcoin, I think there is a great deal of people that like to speculate with the price and are buying at the moment because they think the rally is going to continue, I do not know if they are right but I know that with this high price I would not buy bitcoins if I were them.