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justdimin
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October 15, 2017, 07:31:53 AM |
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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.
Increase in demand is a part and dumping of other coins is another part which still brings the increase in demand anyway. No one wants to miss out on the fork and as it is, everyone wants a piece of the cake and they are ready to quickly get into bitcoin at anytime. 3 forks or rather, 3 free coins with huge airdrop in a year, how better can that be? LOL |
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Visbay
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October 15, 2017, 08:34:18 AM |
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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.
Yes that is one of the big reason that demand is going high of bitcoin and why not because bitcoin has provided all important thing for a common man which was not easy to achieved and secondly it also give opportunity for trade, investment and top of that bitcoin give also knowledge so I think all these above things are the reason that the price is high. |
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suvo05
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October 15, 2017, 11:10:25 AM |
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1. After the first fork of bitcoin maximum of the altcoin price crashed and still now it has not regain its price back (still continuously dropping ). But on the other hand bitcoin price crashed because of the china incident and regain its price back in just about 2 week. So now, the investors trusting bitcoin than anything else.
2. bitcoin is gaining lot more media attraction than ever so lot of people start knowing about it. It also brings new investors in the market..
3. people putting their money in bitcoin to get the forked coin which is scheduled on 25th Nov.
So in any cases the demand it increasing and that resulted the bitcoin goes up so high.
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prtty2gal2
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October 16, 2017, 12:08:20 PM |
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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.
You are right! However, if this truly happens, then everyone will be held responsible cause we are the market and whatever will make bitcoin crash is in our hands. The possibility of everyone dumping their coins though is extremely small and wont amount to anything. A lot of government and developing countries are beginning to see how well it can help them improve their economy and this is just a start. |
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Donutcome
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Activity: 5
Merit: 0
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October 16, 2017, 04:08:17 PM |
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Because more and more people are starting to realize that there is something like bitcoin something that can give people hope and a financially stable future that is why more people are starting to use bitcoin and then more people want it so the price goes up.
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coinplus
Legendary
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Activity: 1386
Merit: 1058
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October 16, 2017, 04:14:38 PM |
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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.
You are right! However, if this truly happens, then everyone will be held responsible cause we are the market and whatever will make bitcoin crash is in our hands. The possibility of everyone dumping their coins though is extremely small and wont amount to anything. A lot of government and developing countries are beginning to see how well it can help them improve their economy and this is just a start. |
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jossiel
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October 16, 2017, 05:02:28 PM |
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Recently, the price of bitcoin went up high. Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation. What do you think of the most influential reason for making the bitcoin price high? Plz share  The main reason why the price of bitcoin goes so high it's because the upcoming bitcoin hard fork on October 25 and we've got almost a week before that happens. And also those big bitcoin celebrities are also helping to make the price of bitcoin pump because of their positive comment about bitcoin that makes the price of bitcoin higher. The most influential? I guess it's simply the price of it that makes every investor wants to invest more with bitcoin. |
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KaliLinux
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October 16, 2017, 08:50:33 PM |
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Recently, the price of bitcoin went up high. Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation. What do you think of the most influential reason for making the bitcoin price high? Plz share As we know the Supply and demand decides the high or low values and the same strategy is applicable to bitcoin as well. Sometime positive opinions of big business man or investors may shine them up. According to present discussion the value seems to be high because of upcoming gold fork Oct 25th. Good treat for bitcoin investors. |
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JanpriX
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October 16, 2017, 09:16:24 PM |
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Everyone wanted to have some of the BTC gold that will be given to the holders of BTC on Oct 25. With this in mind, many people started buying BTC few days ago to stack up and have some free money. They learn this when BCH came out and many saw the opportunity that it could give and the money that it could produce. They are thinking that this will be the same like that. As Oct 25 comes nearer, expect more people to start panic buying BTC and its price will be higher than we have right now.
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dhas
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October 17, 2017, 12:18:19 AM |
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In theory, bitcoin should go up simply because of the very low supply of 21 million BTC and it's increasing demand.
Recently though, bitcoin is going up fast probably because of the upcoming bitcoin gold fork (25th October 2017). People hoping that by holding bitcoin, they're expecting to sort of "double" their investments or receiving "free" money due to them receiving bitcoin gold after the fork, as they're somewhat expecting this fork to go the same way like the recent BitcoinCash fork months ago.
Will this be a good news? I can sense the spirit of Christmas. Anyway,whichever the case I can see that bitcoin will keep on increasing by December. Holding is also a good way to double up investment. Maybe this will happen because it is a recurring situation that's why bitcoin goes up so high. We can't stop the rate to increase higher and higher because the demands is also increasing. Whatever the case,success will be in bitcoin's name soon. Let's waith for the 25th of October 2017 and if there is changes and what can we do on that day. It was a great news, everyone are waiting for the coming fork this October. And like the others Im also hoping that the value of bitcoin continue to move up so we can earn more and prepare for the coming holidays. And maybe the reason why the bitcoin is continue to move up is the huge demand of bitcoin in the market because everyone wants to hold it. |
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Visbay
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October 17, 2017, 06:01:06 AM |
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Recently, the price of bitcoin went up high. Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation. What do you think of the most influential reason for making the bitcoin price high? Plz share if I have to guess i would say it's because of the upcoming forks... The upcoming hark fork is probably contributing to the high price of Bitcoin, but I think there is more to it than that. I think new investors are starting to notice Bitcoin and are jumping on the band wagon. These new investors may also be panic buying which means they could also panic sell if the price starts to drop. We shouldn't be surprised if we see some price fluctuation and volatility the rest of the year because these big increases may not be sustainable. After the hard fork and after people claim thei Bitcoin gold, there could be a price correction as some people begin to sell. from a fundamental point of view I don't see a big resurgence in BTC related news. for the past 4 months or so it has been the same, so the only thing that stands out in my opinion is the upcoming fork. but regardless of what the reason might be, I think you have a valid point about new investors and how they can drive the price up or down. it's interesting to see how the next few weeks will unfold. Yes I agree with you it may be just because of new investor but I think there can be other possibility as well that some of the countries have accepted bitcoin in their countries and day by day the users are also going to increase so when the demand of anything become increase so his price become high and simply it happen with bitcoin that’s why the price go high. |
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mharz
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October 17, 2017, 07:34:33 AM |
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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.
Yes that is one of the big reason that demand is going high of bitcoin and why not because bitcoin has provided all important thing for a common man which was not easy to achieved and secondly it also give opportunity for trade, investment and top of that bitcoin give also knowledge so I think all these above things are the reason that the price is high. Bitcoin value are goes up due to more investors are appreciate the increasing value of bitcoin in the market. Therefore due to in demand of bitcoin in the market more people are attract to join even the other country. That's why the price of this coins are continuously increasing, otherwise as per news Russia one of the biggest country in the world are also join in crypto currency society. |
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bearexin
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October 17, 2017, 05:00:10 PM |
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We're to travel long. What we are experiencing is the gradual growth that takes place with the growth happening in the user network. In future it goes further high and in my thought the current price pumping is all because of the adoption that happened during the year. The same when make more countries into it the price will be growing much higher than the present.
The growth is just starting and we haven't even experienced anything yet. There are so many development that will take place next year and hopefully a lot of big giants stepping in and we all know what that would definitely result to. If the adoption of this year can be like this, then I really wonder what next year is going to be like. Huge inflow like Tsunami. |
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stevano
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October 17, 2017, 05:33:38 PM |
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Recently, the price of bitcoin went up high. Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation. What do you think of the most influential reason for making the bitcoin price high? Plz share usually if there is positive news about bitcoin then the market will respond well proven every positive news neighbor bitcoin bitcoin prices go up and vice versa if there is bad news then the market will also respond but in this case sometimes ordinary sometimes cause bitcoin price down drastically, all this because bitcoin users there who feel panic so direct selling it without a profit and loss |
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