bitcoin gaining more strenght

[sukoon]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

[LFC_Bitcoin]

China ban news has been absorbed, nobody cares any more & confidence is returning. People are buying which makes the price rise.

[Arngrim]

Never been happy with the rise of bitcoin again.
Thought it was going to hell for the price dips so deep that I thought it cannot gain it back.
But here we are now. I guess all the news that was spread is calmed down so time for the wave up again.

[vroom]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

[betlord90]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The delimma of China's curse happened last month has been eliminated to the minds of every btc and crypto holders, and the only good thing will be happen on November is the next step and been hold by many hodlers so expect that there are more pumps to come unto it since there are particular things will be happen and might the latest hardfork can give a huge leap to the bitcoins prices.

[davis196]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

I don`t think that this is the main reason for the recent btc demand increase.
Buying btc just to get some s*itty altcoins called bitcoin gold or "bitcoin whatever".Most of the exchange platforms and wallets won`t support the forks and those altcoins, so there won`t be any market liquidity for them.We can`t be sure that they will be successfull like Bitcoin cash(and i still doubt that BCH is a successfull
cryptocurrency in the long term).
The bitcoin "strenght" isn`t related with the btc price,it`s related  with the bitcoin/blockchain mass adoption.

[bob3772]

The markets have stabilised after all of the FUD surrounding China and confidence is beginning to return to investors. Then quite simply people buy and the price goes up.

[TravelMug]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

There are no negative news coming our way. Not like the previous month were China created a lot of panic and then Jamie Dimon put the final nail by calling bitcoin as 'fraud' and compare it to "tulip bulbs" phenomena.

And now, there is a news that Japan has accepted 2 local exchanges and soon other exchanges will be soon granted licenses. The China effect is over and investors are back once more and the trust is has returned. That's why since the beginning of this month bitcoin price is recovering and moving south. And now we are almost at $4500. So the nervousness and panic from last month turns to joy and happiness today seeing the price going up again and hope that we can go and touch $5000 in the coming days.

[DoublerHunter]

Every time the price of bitcoin goes down and recover after a few days or weeks then it is already a proof that bitcoin is getting stronger and stronger it is because that the market of bitcoin is being filtered and a lot of people are now being wiser and smarter than before in making decision for their bitcoin.

[AtheistAKASaneBrain]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

no more china/JP Morgan FUD and 2 upcoming forks (on 25.10 bitcoin gold and on 1.11 bitcoin 2x). People want free coins from these forks so they start buying. there is also a bch sell off going on, they sell bcash to buy real bitcoin.

This sums it up, and there may be even more forks coming. Turns out the forks might actually hel the real bitcoin go up in price at the end of the day. Call it dividends, call it passive gains, call it whatever you want, at the end of the days all these hardforkers are driving the price up. The main problem is 2x because it doesn't have replay attack and Jeff Garzik is actively attempting to kill the legacy chain. If it wasn't because of that, I would be looking at $10,000 in 2018, but Jeff Garzik may crash the price along with the rest of idiots that signed the NYA.

We need to kill the NYA, we need to make all these fools drop this up and coming disaster. It is sad to see how the biggest treat in Bitcoin now after beating JP Morgan and China is infighting by the hardforker once again.
If we are able to stop this we will be unstoppable. Write to all the merchants that signed NYA and tell them in an email that you will withdraw all of your money and never use it again unless they drop support for 2x.

[1Referee]

China ban news has been absorbed, nobody cares any more & confidence is returning.

I am inclined to think so too, but we shouldn't discard the effect of another Chinese announcement on this market. People were saying the exact same thing at the time the PBOC made Chinese exchanges halt their leveraged trading platforms, and still the market took a significant dive for no reason. As long as there are people gambling their money without knowing anything about Bitcoin or this market, they will remain a target that is easy to influence. People in this market are calm and full of confidence when everything is all right, but at the time the price starts going down due to China or whatever other reason, all their believe and confidence suddenly turns into hot air - their mood is as volatile as the market.

[Chicken-Dinner]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason behind of bitcoin is gaining more strength because of the law of "supply and demand" nowadays bitcoins are getting more popular as cryptocurrency and more people wanting to invest in bitcoins. This is the moment bitcoins are blooming again. We can expect a great value of bitcoins by the end of this year. Many people now show an interest in bitcoins as an alternative investment because of the rising value. Also, the number of the complaints against tech companies offering digital currency products, But we can expect a good future for bitcoins for a long-term investment!

[Siren]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason behind of bitcoin is gaining more strength because of the law of "supply and demand" nowadays bitcoins are getting more popular as cryptocurrency and more people wanting to invest in bitcoins. This is the moment bitcoins are blooming again. We can expect a great value of bitcoins by the end of this year. Many people now show an interest in bitcoins as an alternative investment because of the rising value. Also, the number of the complaints against tech companies offering digital currency products, But we can expect a good future for bitcoins for a long-term investment!

Or new faces are entering into the ecosystem because they don't want to miss the bandwagon. And many thanks to Jamie Dimons attacks on bitcoin, it has gain mainstream attention and people started to learn what bitcoin is specially in terms of investment. Nevertheless, its really nice to see that bitcoin is going up again. No more China, no more negative news.And total Marketcap is close to 150B which means that confidence and trust are back that's why investors are pouring cash once more to bitcoin and crypto in general.

[kwukduck]

This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).

[harizen]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

The reason is an obvious reason of continous buying. It expected that after those downs, price increase should follow. We can consider this price increase as end of those recent FUD and start of another trip to what we are expecting. Hopefully others able to take advantage of the price dip that lasts for weeks.

Goodluck for those still waiting for flat $3,000 or $2,000 before entering the market. There also threads here that full of doubt if they will invest on bitcoin or not because they sees a downward continous trend. Those doubts now became regret because they didn't take the risks which is worth to give a shot.

[richardsNY]

This has to be the biggest bull trap so far.
Just grab some popcorn and coke and watch the price crash through the floor within a few weeks running up to the November hard fork (aka bitcoin network collapse).

It's funny how you constantly keep repeating your old fashion nonsense that throughout the years didn't result in anything. At worst we'll be seeing another chain split where Jihan & Co will be the only supporting entities. Also, you hop from side to side -- first you was supporting Bitcoin Cash, and once a chain split in November has been initiated, you'll support that, and that continues as long as there are new splits showing up. Long story short -- you support basically everything that has the potential to get the market to fall.

[iram1011]

What I have experienced in last some months that market do tumble when there is some negative news like happened during hardfork in july and then China's ICO ban. But later if same news pops up from some other country that is recently an ICO ban news from South Korea which is also one of the leading nation in cryptos, there is not much impact on price as if market understands the fact that there won't be any issue in long term. Same thing I am expecting for upcoming forks. I think market won't be affected much this time and remain bullish with some small fluctuations.

[batang_bitcoin]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

These things as I can see for now, the rumors about the acceptance of amazon with bitcoin and they'll adopt it soon. Next, is the hard fork that's about to come at the end of this month since it will give another alt coin so that's a big money for those people that will have bitcoins now after the split. Next to it, is that the people aren't ignorant anymore when there are false news circulating in the internet.

[blockman]

What is the real reason behind the price rise of bitcoin as its gaining more strength from last few days?

It's just a natural thing, when we experience the market in a bloody shed last week. Expect it that in the next weeks there will be a lifting up and recovery for it's price. But the cycle goes on and that's why if we are experiencing rise of bitcoin for today, expect it that we can reach another good floor price but after that there will be some other things that will make the price of it lowered again.

[Rahar02]

What is strength for bitcoin?
It just gain more fiat currencies that has been invested into bitcoin.
The real strength of bitcoin is people who believe in bitcoin, didn't intrigue to panic sell when some bad news occurs.
If there are a lot of people invest in bitcoin and expect profits by sell it later, it is not a strength for bitcoin development, the cycle will recur when the storm comes.