Reasons behind this Rise/Bubble?

[2double0]

High demand+ bitcoin scarcity

Not limited to this, but the need for Bitcoins is increasing with the increase in total users who are adopting it as well as the fear of hard fork is now settled as things have gone south for Bitcoins after Bitcoin cash got dumped by everyone and no support is being shown and the coin isn't entertained much. Thanks BCH, you gave Bitcoins this boost which we have all been waiting for.

OP, the bubble didn't start yet as you are yet to see the whole picture from now onwards.

[HTracer]

I think the main reason is a relief after 1st August. Then positive expectations on Segwit activation.
Also Lightning Network theme starts spinning in media. Just for example on CNBC

https://www.cnbc.com/2017/08/09/bitcoin-segwit-milestone-paves-way-for-lightning-network.html

If you are not in bitcoin news, take into account post above about upcoming fork. It was written a little bit ironically as I get it. However it's about possible fallback and bearish market sentiment. Not now... later.

[Catmony]

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.

[Pab]

Hidden crisis in fiat money economy,possible usa impeachment,north korea tensions.Crazy idea appear in EBC officials.Thay create law what will allow to suspend withdraw from banks for one week in a case of crisis.Maybe that law will not be alive,but that news as been already released in media.People are loosing his trust to that over manpulated debt economy.And some investors are looking for alernative

[The_Dark_Knight]

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.

The big news is segwit, that is all, optimism is running rampant at the moment with segwit activation and the seemingly stagnation of bitcoin cash, so it is as if bitcoin removed some shackles that slow it down and now is reaching something closer to its true price.

[oegarod]

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.

[omonuyak]

I think the present bubble is price reactions to the past events of August first and the  segwith 2 activation by September. Bitcoin has been rated as one of the best investment opportunities in the year 2017 and since the split in August did not cost more harm many traders has seen this as the best time to invest in it.  The hardfork issue in September is going to be a positive one  and traders want not to be left behind.

[Denker]

As long as we are not at 10k within the next 4-8 weeks this is no bubble. Period!
For a very very long time Bitcoin was suppressed in terms of it's value!
And now with SegWit getting activated and big blockers having their own coin many things have cleared up.

[Torque]

Hidden crisis in fiat money economy,possible usa impeachment,north korea tensions.Crazy idea appear in EBC officials.Thay create law what will allow to suspend withdraw from banks for one week in a case of crisis.Maybe that law will not be alive,but that news as been already released in media.People are loosing his trust to that over manpulated debt economy.And some investors are looking for alernative

We have a winner. Nearly two pages of "blah blah SegWit blah blah fork blah blah scaling blah blah", and only this guy seems to get it.

This massive injection of fiat is because the mother of all worldwide market crises is coming soon, and the elitist insiders know it.

"If everyone is thinking alike, then somebody isn't thinking." -George S. Patton

[Reid]

I always use to think that it is because of the news that is happening. Hard fork, ETF, BU, BCC and SegWit. This things made a lot of ruckus in the internet that made investors see what bitcoin is.
Now, I think it is because we are growing in numbers. With that more and more people want to be a part of it and that means they want bitcoin in their hands.
What else could it be? In the market it is always about the demands and bitcoin is in demand right now. If there will a non stop of new user that will come then this price will never stop on growing.

[duke944]

Bitcoin price was $1k when Japan legalization news hit, and it pumped to $2500 in like one freakin' day.
I'm going with Japan = the reason.

Fiat isn't crashing in our lifetimes, if you really think it will you need to forget about crypto and put your money into ammo and long lasting foods and turn your basement into a fortress.

Trump isn't getting impeached and everyone with a brain knows it.

This N Korea bs is nothing new - they say they will attack if we attack first, and we say the same. It's just the same old posturing pushed by the press to get views because Trump's words are exactly the same but said in a more colorful way.

The segwit thing might have helped push this, but it's the Japanese news that is the main driving force.

[sieemma]

Please help me. I am happy with the way bitcoin is growing this. Despite I have some, I want to buy and add. But I have a new idea, isn't it those people holding huge amount of BCC who are dumping their coins for bitcoins bringing about this rise in price?
I just thought this and for that matter, I'll stop buying btc atm .
Is my analysis wrong or right?

[duke944]

Please help me. I am happy with the way bitcoin is growing this. Despite I have some, I want to buy and add. But I have a new idea, isn't it those people holding huge amount of BCC who are dumping their coins for bitcoins bringing about this rise in price?
I just thought this and for that matter, I'll stop buying btc atm .
Is my analysis wrong or right?

How does that work? are you saying they are selling them for fiat on localbitcoins or something then using that to buy btc? that seems very far fetched, bcc is getting dumped for btc and that does nothing to the btc fiat price.

[Thekool1s]

Hidden crisis in fiat money economy,possible usa impeachment,north korea tensions.Crazy idea appear in EBC officials.Thay create law what will allow to suspend withdraw from banks for one week in a case of crisis.Maybe that law will not be alive,but that news as been already released in media.People are loosing his trust to that over manpulated debt economy.And some investors are looking for alernative

We have a winner. Nearly two pages of "blah blah SegWit blah blah fork blah blah scaling blah blah", and only this guy seems to get it.

This massive injection of fiat is because the mother of all worldwide market crises is coming soon, and the elitist insiders know it.

"If everyone is thinking alike, then somebody isn't thinking." -George S. Patton

Exactly! I strongly agree with you, the japan news took bitcoin from $1,400 to $2,300 then a media bubble occurred and it went up to $2,700 and the whales cashed out their profits. After that the 1 August happened and so far we have seen a pump of $2,000 in a period of 2 weeks without much correction, clearly something wrong is going behind the scenes. A huge amount of money is required to make a bump like this, fingers crossed hopefully ww3 doesn't starts soon..

[digaran]

Is there any viable source to confirm how much does it cost to mine 1 Bitcoin in China with the cheapest electricity somehow? I bet if people could mine Bitcoin with spending much less money than $4000 they would have done it already, that will lead to difficulty increase and more price increase. oh look I just discovered the real reason for recent rise.
You should know there is no reason for people to buy Bitcoin so expensive but when they try mining for themselves they get why others are buying instead of mining.

[alyssa85]

High demand+ bitcoin scarcity

Not limited to this, but the need for Bitcoins is increasing with the increase in total users who are adopting it as well as the fear of hard fork is now settled as things have gone south for Bitcoins after Bitcoin cash got dumped by everyone and no support is being shown and the coin isn't entertained much. Thanks BCH, you gave Bitcoins this boost which we have all been waiting for.

OP, the bubble didn't start yet as you are yet to see the whole picture from now onwards.

There is no sign of increased adoption - the number of transactions every 24 hours has held steady at about 250,000 for months now. It has not been increasing. I think this is a pure speculative bubble.

[enter`name`here]

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.

Oh yes, of course. Bearish sentiment = higher price!

Trolls are funny.

[Torque]

Fiat isn't crashing in our lifetimes

Yeah it is. It's crashing right now... through blatant creeping inflation and soon hyperinflation.

Ever heard of the boiling frog parable? The entire populous has it's head in the sand.

[alyssa85]

Fiat isn't crashing in our lifetimes

Yeah it is. It's crashing right now... through blatant creeping inflation and soon hyperinflation.

Ever heard of the boiling frog parable? The entire populous has it's head in the sand.

Fiat isn't crashing and the dollar has been on an upward trajectory since 2014.

However, if I was South Korean, I'd stash a bit of money in bitcoin, just in case the North Korea thing took the south korean economy and currency down with it.

[Kakmakr]

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.

What a bunch of crap from the forum Troll/Shill. The fork has nothing to do with this. The highest volume of trades are seen in Japan < almost 45% > and this is purely due to relaxed regulation from the Japanese government on Bitcoin. People who are allowed to operate legally with Bitcoin as a currency will naturally adopt a new payment option or currency, because it opens a new income channel.

The shills are gets desperate with every spike in the price and kwukduck is a regular. ^grrrrrrr^