Why the bitcoin goes up so high?

[HarleyQuinn9876]

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.

I agree with your opinion
I think the price of bitcoin increases because many people invest in it. Its price depends on the world economy

[Proton2233]

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.

I agree with your opinion
I think the price of bitcoin increases because many people invest in it. Its price depends on the world economy

You may be right, but I'm not sure. Nobody knows how many bitcoins a person owns. What is the number on the market and how many whales they have bitcoin too, no one knows. The price of bitcoin may depend on their behavior in the market. Now it is growing because whales are playing for promotion. May be this is the reason.

[nl247]

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.

That is right. Looking at the huge downtrend on the chart for altcoins with the increase in value of bitcoin, I believe most people are just getting ready for the upcoming fork. It is too early though considering that the fork is not coming up until like 2 weeks. I guess everyone just wants to quickly get out before the huge drop in value of the altcoins, or someone is just manipulating the market since I am seeing some huge buybacks for some of the altcoins.

[SureLockLoans]

People that are thinking that it's too late to get into Bitcoin due to it being so high right now could well be very wrong. Yes it's high and no currency in the world has a conversion rate of 1 = 3.5k but we could very well still be in the early days.

It's still many years until all the Bitcoins will be mined so once this limit is nearly reached only then will we see the peak on the mountain.

[bajing]

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

There's a disadvantage if you follow the news as when you hear bad news about bitcoin then you predict the price will down but sometimes bitcoin prices do not go down because bitcoin price is determined based on the market's supply and demand.

[ajmapalo22]

Yeah I guess Japan played a major role in the price increase of bitcoin and also it can be because of the upcoming hard fork this month...many can become the reason but one thing is sure bitcoin is unpredictable so we never know if its gonna pump or dump tomorrow just be ready for the surprises bitcoin value has.

[LDenis555]

Yeah I guess Japan played a major role in the price increase of bitcoin and also it can be because of the upcoming hard fork this month...many can become the reason but one thing is sure bitcoin is unpredictable so we never know if its gonna pump or dump tomorrow just be ready for the surprises bitcoin value has.

Japan has long been a leader in the trade of crypto currency. Now the price increase is not connected with Japan. The increased demand for bitcoin was due to the fork. People want to buy bitcoin to get Bitcoin Gold

[faceoff97]

Aside from the Japan endoresement, another reason would be the upcoming hard fork. The demand for bitcoin is really high because of the hope that they would probably received good amount of bitcoin gold once they hold big amount of BTC. Just like August 1 hardfork, bitcoin holders have receive BCC based from the BTC they hold that time. Many users is now exchanging the altcoin into BTC, just like me. I have converted all my altcoins into bitcoin, the possibility of hard pumping will also happen after hard fork.

[ChuckBuck]

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.

Indeed, the demand of the user is the reason for the value of bitcoin increased. Japan is truly a great country when it overtakes China and becomes the world's leading bitcoin market. It can be said that Japan is playing an important role in the development of bitcoin.

[BitDane]

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.

I think it is the upcoming fork.  Good news had been piling up for bitcoin after the FUD these previous month.  Google implementing Bitcoin API for payment, amazon, and news about Chinese government opening way for legit exchanger to open in China.  And these upcoming Fork surely produce a lot of hype and speculation in the market.  People think that they will get more profit if the jump in before the fork because of the equal coin in the minor chain which they can sold for BTC.

[HatakeKakashi]

I think why bitcoin price increase so high brcause they have many buyer in the market so it will increase continously so dont sell it your bitcoin. You can buy bitcoin even the price is very high because I believe it will increase more in the future but invest only you can afford to lose because even the price continue increasing they have possible the price decrease. More bitcoin more profit.

[yakushev]

I think bitcoin grows simply because of the increased demand of people for using bitcoin and earning money with it. Every day someone learns about it and decides to join.

[mRasika]

I Thnk many country approve that bitcoin is legal in their country. That is Why BTC Goes UP.

[thesosorr]

Peoples are optimistic about bitcoin is increasing as news spread by many media. Thus, opening up their mindset to peoples who are used to virtual world.

[Burks]

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

I think the bitcoin price is mostly depends on the demand of bitcoin,when the demand of the bitcoin increases the value will also increase.The usefulness and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features. This guide discusses the most important factors that lead its users to consider Bitcoin to be valuable.So invest on bitcoin before its too late.I am also trying to hold my bitcoins for future purpose.

[Rana590]

I think the price of Bitcoin depends on the demand of it. If there is huge number of buying then price get high. Besides of it when the number of holder is increasing, the price of bitcoin also increase. Sometimes it hepend for different reasons.

[jackhdt]

most people's opinions Bitcoin prices rise because of the upcoming fork. they want to get free coins ( bitcoin gold) on Oct. 25 . And me too 

[beerlover]

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.

Well, we can say most of them are beginning to see the value bitcoin is bringing and the fact that it is becoming more grounded than we use to have it since the support is growing by the day.

The IMF woman recently stated that it is very necessary for the upper houses not to deny the fact that the blockchain technology has brought something different that is impossible to stop and the more they keep an open eye now the better.

[ivrynx]

there are a lot of factors that helped increase the value of bitcoin, we have japan's endorsement of 11 exchanges and trying to lead the world in using cryptocurrencies and investing on bitcoin, then countries like india that recently legalized bitcoins, russia giving support to bitcoin and still having a lot of miners, i think the disruption on europe also contributed, since people will look for ways on how they could survive financially and bitcoin is the best solution they had found.there is also the publicity of bitcoin that helped in its popularity, if we look back when jamie dimon bad mouthed bitcoin, though it is a bad publicity, it is still publicity and with that, we can say that a lot of people just got curious with what he said and tried it, i think his plan just back fired, since more and more new investors are into bitcoin right now, i think the are investing since they have heard of bitcoin gold and the november's fork, since they will have extra cash if they had invested. we should also consider the volatility of bitcoin that's the trait that had given bitcoin its value today and will give bitcoin a much higher value soon probably around 7000 usd by the end of this year.

[richkellj]

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.

Increase in demand is what causes the increase and not increase in supply. If supply was higher than demand, then we see the value decrease, but if demand is much higher than supply, prices will shoot up and people will be ready to buy at any price they see considering it as the best price at that moment. Just the usual law of supply and demand.

When wealthy people start considering bitcoin similar to gold to store their money then we can see bitcoin prices start flying. At least 5% of world's equity funds are more than enough to make bitcoin prices to test millions.