Why the bitcoin goes up so high?

[MediBloc]

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

[pranaja]

Bitcoin prices are determined absolutely by the supply. If many buy Bitcoin, then the price will rise and also apply the opposite,
when someone buys or sells Bitcoin in a great price, then the price will move in the extreme. Bitcoin price volatility will be dampened if Bitcoin users more and more and the number of Bitcoin spread also higher.

[mk4]

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.

[kalawang]

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

No doubt but one thing that i know is becuase many rich man and billionair people investing in bitcoin  so that's why the value of bitcoin is continiously to increase yes and many country approve that bitcoin is legal in their country.

[chickenado]

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.

[mostkey]

of course this is due to the growing number of users. and the higher bitcoin volume, bitcoin will continue to increase its price as the volume of bitcoin continues to increase, this is because of the limited supply of bitcoin, the new ico increases with this positive prospect also increases the number of bitcoin enthusiasts in the world, it would be better if we have a supply of bitcoin in the wallet personal,
because no one knows what will happen in the next 10 years

[mrcash02]

Or because catalonian's politics are laundering too much money these days. 

There are several reasons that could lead the BTC demand increase, I believe all we say here are just speculation and may not be the real reason behind this increasement in price. It can be or it can be not... Sometimes BTC price increases for shady reasons also and people behind it don't show themselves. Sometimes good things happen by bad reasons... Both kinds of people are affected positively, the good and evil ones.

[PX-Z]

I'm 80% sure that this trend because of the upcoming fork, like what bitcoin cash do tho people are not much aware from that fork and they did panic but this time as a lesson from the previous fork, more people  are aware and invest and buy bitcoin for the B2X - Bitcoin gold fork.
More people believe that this B2X wil be a free money like bitcoin cash.

[TastyChillySauce00]

I'm 80% sure that this trend because of the upcoming fork, like what bitcoin cash do tho people are not much aware from that fork and they did panic but this time as a lesson from the previous fork, more people  are aware and invest and buy bitcoin for the B2X - Bitcoin gold fork.
More people believe that this B2X wil be a free money like bitcoin cash.

Got the same opinion here, so many people are hyped by the upcoming fork due to bitcoin gold, probably they think it's the chance for free money that will probably never come again in the future repeating the success of bitcoin cash as a money machine.
But, the acceptance of Japan toward BTC and the Malaysian regulatory that soon will announce their regulation regarding bitcoin also few of many factors.

[MediBloc]

Bitcoin prices are determined absolutely by the supply. If many buy Bitcoin, then the price will rise and also apply the opposite,
when someone buys or sells Bitcoin in a great price, then the price will move in the extreme. Bitcoin price volatility will be dampened if Bitcoin users more and more and the number of Bitcoin spread also higher.

Yes. So true. Demand and Supply... Then why Ethereum and other altcoins doesn't have any influence from that.

[Jating]

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

Where have you been mate? Living under the rock? 

Bitcoin is rising exponentially because we want to get free coins on Oct. 25. Its gonna be 1:1 amount. So the more bitcoins in your wallet, the bigger amount with the free air drop of bitcoin gold. And this is the reason why altcoins is bleeding as well. Traders moving to bitcoin for this bitcoin gold windfall. Although the reasons that you stated has also affected the price in a positive way, but no one comes close with regards to investors putting a lot of cash for the anticipated free coins or free money.  . Hope by now everything is clear on your end.

[DrGuns4Hands]

it's because the demand of bitcoin is rising again. more demand of bitcoin more price will go up . usually if all people in the world invested on bitcoin i wonder how much the price of bitcoin will reach. and also think of this always if there's a big dump there's a big pump coming. it happened to me many times so that's how i make my investment. i buy bitcoin at a low price and sell it on high price.

[xvids]

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 price is increasing because of the demand for bitcoin is also increasing ,
As the investors increase the stock of the bitcoin or supplies is just limited so the price would increase as the community increase .

[Ayiranorea]

Price of bitcoin keeps increasing with regards to the adoption happening all around the world. Now itself bitcoin usage around the world was found big along with more brand stores starting to accept bitcoin. Right now even after several issues bitcoin is growing which is the true nature of bitcoin.

[VitKoyn]

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

You are right japan exchanges and Goldman Sachs have a huge impact why bitcoin price goes up, but I think the real reason of the pump is people are buying and holding more bitcoin because of upcoming fork to get more free Bitcoin Gold. Just like what I did, I temporarily stop trading altcoin and sell it all to have more bitcoins so that I am able to get as much as bitcoin gold as possible.

[poodle63]

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 fork is the real reason of this pump, every body wants free money through the fork, they are know about the bitcoin cahs airdrop and they wanna join in the next airdrop if the fork will have happened.

[lili song]

Because there is a lot of demand for bitcoin, for example : japanese and south korea already regalized bitcoin.
Of course it will affect bitcoin value globally, as we can see right now bitcoin almost reach $ 5.000.

[Zicadis]

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

We can not deny it that Japan did contribute to bitcoins recent rise in price as exchanges are very much at the centre of attention when it comes to how we use our crypto coins and without doubt Goldman Sachs is proving to be influential in this spectrum of business which is a good thing but I think this is a correction and we are yet to see the real price rise soon.

[sofi@]

I think the support of Japan government in bitcoin helps it to become more popular and successful the trust of people increase because of it. Also bitcoin continue to appreciate because the demand continue to grow and the supply needs to fill this out that's why the price fluctuates from time to time I think the more user of bitcoin the more chance of price appreciation.

[denny27]

I think which most significantly affects the bitcoin price are so high at the moment, because increasingly of peoples (countries) who support bitcoin, and the more peoples who buy bitcoin as an optimistic investment material will getting more profit in the next time. And proven also at now I'm sure the number of bitcoin users was increasing, this certainly can affect the development of bitcoin price.