Why does bitcoin has constantly increasing its price lately?

[Bosx1ne]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

the reason why the price of the bitcoin is continuing to rise up is because of the demand of the people.

[Lieldoryn]

Why only recently? Every year since its founding, the bitcoin rises in price. Price spikes constantly with bitcoin, but that's because it is not subject to any controllers and it shows the level of demand at the moment. The higher bitcoin price the more will be the changes in prices in dollars. It is a pattern.

[lucifochrome]

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

[Fafabol]

I believe this is all because of scaling debate of the community of how far will bitcoin rise.
The hype that people are doing and the investors who seen that bitcoin is the future and have a lot of potentials.e

[budiartha]

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

Yes I think so, bitcoin is increasingly trusted by the market and many users are buying bitcoin, but bitcoin production is increasingly limited, this is what causes the higher bitcoin prices. And possibility of the end of this year the higher the price, take this opportunity to gain profit.  

[Victorycoin]

I think that the price is going up because the whales bought a lot of coins during the July panic for around $ 2000.

There wasn't any news in particular that mentioned whales were mopping the market of the excess supply, however it is a fact that confidence was restored to the market with the timely signaling of segwit and people stated buying again and then came the mouth watering BCC bonus.

Now they have removed from the market the coins, raised the prices and are selling them. Once the demand has decreased or they will be over the limit again they'll drop the price.

I doubt any major selloff is going on else we won't be seeing new ATHs, rather Hodling is the name of the game and that explains why price of Bitcoin as I write this, has plummeted to $4488.97 - $5000 in view. We have till November before the threat of a split would stare us in the face again, so until then, we can expect price of Bitcoin to remain all time high.

[audaciousbeing]

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

Yes I think so, bitcoin is increasingly trusted by the market and many users are buying bitcoin, but bitcoin production is increasingly limited, this is what causes the higher bitcoin prices. And possibility of the end of this year the higher the price, take this opportunity to gain profit.  

The issue of BTC rising in my opinion, is more than what are giving there but my opinion is that corporations are coming in and coming in hard even government might not own it openly, but I feel its happening as well as rich people looking for where to hide their money away from the prying eyes of government and its agencies. In conclusion, its beyond the individual 1btc or 10btc but the moneybags that can afford like 100btc at one and without thinking twice.

[hitlab]

Honestly i think most of the price is driven by speculation right now. The speed in which bitcoin has grown in the past 1 month is absolutely unsustainable. We have seen bitcoin have huge run ups in the past followed by a big correction and a period of stagnation. There is no reason to think this time is different. People always "this time is different" and it never turns out to be correct.

With that being said it is impossible to predict how much higher the price will go. You should not predict and try to time the market because we have no idea if bitcoin can continue to 5k, 10k or 15k before it comes back down. People who are just buying bitcoins now should have realistic expectations.

[DoublerHunter]

The price of bitcoin is increasing constantly because it is getting more attention than the usual and before, because it is now on the mainstream and a lot of people now are just taking their action toward bitcoin and they are just starting to believe in it and buying a lot of bitcoins for long term and if we will do it also then we can also get a chance to double our capital in the next few years.

[Roboabhishek]

I am preety sure that its because of the investors from china.
As it was seen in the past that in china bitcoin price went to 3000+ When it was around 2300 on bitfinex and polo.

[mitchr4]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

From day to day bitcoin enthusiasts continue to increase, perhaps with the increased interest of people about bitcoin can increase the price as well.
And also many new projects started that run Initial coin offering (ICO). Which also adds the interest of investors to learn more with bitcoin. No doubt if bitcoin can reach 5000 USD.

[Kemarit]

I am preety sure that its because of the investors from china.
As it was seen in the past that in china bitcoin price went to 3000+ When it was around 2300 on bitfinex and polo.

Whether its from China or Japan, what we have seen right now is the influx of new investors entering the market right now. Media outlets are now reporting that bitcoin will exponentially grow in the future that is why new sets of investors are going in. I think its a good thing that bitcoin has been hugging the limelight lately which attracts investors to join the bandwagon.

Honestly i think most of the price is driven by speculation right now. The speed in which bitcoin has grown in the past 1 month is absolutely unsustainable. We have seen bitcoin have huge run ups in the past followed by a big correction and a period of stagnation. There is no reason to think this time is different. People always "this time is different" and it never turns out to be correct.

With that being said it is impossible to predict how much higher the price will go. You should not predict and try to time the market because we have no idea if bitcoin can continue to 5k, 10k or 15k before it comes back down. People who are just buying bitcoins now should have realistic expectations.

Of course bitcoin is speculation driven. Like we are anticipating that the price will grow once Segwit has been activated next week. I don't want to question bitcoin's sustainability because it has proven me wrong in the past. I used to question it, but seeing how far the price has reach today, sustainability has become irrelevant. They say $3000 was the mental barrier before, but it was surpassed the wall that was put and now guessing that the new barrier will be $5000. Can it be sustained once we get there? I think so.

[Zeke_23]

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

Yes I think so, bitcoin is increasingly trusted by the market and many users are buying bitcoin, but bitcoin production is increasingly limited, this is what causes the higher bitcoin prices. And possibility of the end of this year the higher the price, take this opportunity to gain profit.  

i guess so, law of demand really applies on this matter, since bitcoin is becoming more popular and gain more demand than before its price is increasing as far as it goes. by the end of the year, the price of it will increase thats for sure.

[JCO05]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

Bitcoin's price is continuously rising because it is getting more in demand in the market at this moment. It all started after the fork and segwit last August 1. It bacame more profitable to more people that made them interested in investing and buying Bitcoin to earn profit. Bitcoin community is growing that resulted to higher demand and higher price.

[fearcoka]

Because more and more people are getting interested with btc and law of supply and demand will also apply to this. But I personally think that most people view btc now as a rare asset.

Yes I think so, bitcoin is increasingly trusted by the market and many users are buying bitcoin, but bitcoin production is increasingly limited, this is what causes the higher bitcoin prices. And possibility of the end of this year the higher the price, take this opportunity to gain profit.  

i guess so, law of demand really applies on this matter, since bitcoin is becoming more popular and gain more demand than before its price is increasing as far as it goes. by the end of the year, the price of it will increase thats for sure.

To be honest, I still worry about in last this year the price of Bitcoin can continue increasing or not, although I understand with the mementum in this year, next few years very easy for growth Bitcoin. But I'm people can't keep my calm and patience 2-3 years for wait the price of Bitcoin reach high price.

[sukamasoto]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

IMO, after forking , bitcoin is better so people interest as well !
Also 2 country start accept bitcoin as well ( Japanese and South Korean ) really play their effort to control bitcoin value at the moment for example Japanese as I read ,  control 40% from bitcoin transaction worldwide

[iram1011]

Bitcoin was already bullish since May. July was just a halt because of speculation and FUD that people were spreading of the potential fork. This is during that period we saw $1800. As soon as the uncertainty was over on August 1st, Bitcoin started gaining momentum.

There is a surge in Bitcoin's demand since may. With limited supply, price will keep on increasing in coming time as well with some short term ups and downs.

[naidray]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

That’s because there were people who kept watching from the side to see what happens after the fork. Things didn’t turn out as the world expected, because Bitcoin was expected to crash a lot, but fortunately it maintained its price. So that attracted some of the side lookers to make heavy investments into it.

[harizen]

I'm just curious how bitcoin is rapidly increasing its value. Just last month its value was only around 2000 USD then suddenly after the fork it has constantly increased its price and now reached 4000 USD. Are there any reason why bitcoin has constantly rising? Can we expect that this month it will reach 5000 USD?

That's the effect of the August 1st speculation. Since bitcoin erases away all the negative speculations even prior to that date, it gives boost for more investors to gained confidence on accumulating more coins.

Even a price crash will happened, no way it can pull down bitcoin price that much. Now are we going to just watched this? Take action and make way to ride this wonderful pump.

[reflector]

I think the major reason for increase in bitcoins price is, institutional and retail investors are trading in bitcoins, especially in Japan, since bitcoin being legal gives these investors the opportunity to trade in a regulated environment. GMO, Japan's largest forex market had launched a bitcoin exchange couple of months ago, targeting retail investors in their day trading platform to trade in bitcoins.

ICOs definitely boosts bitcoins and ETH price. Filecoin ICO raised $252 million.

Segwit.

US-North Korea tension might be a small factor.

I don't think this is fact reasons for the recent days bump. We need to think about adjustment mining pools space in segwit2x activation after August 1st. Increase network pools is the one of the reason according to me to see bump in price every time.