Why the bitcoin goes up so high?

[audrey12]

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.

[Best Dreams]

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.

Well I think it depend on business ratio because day by day investors and daily trader are going to increase and I think that can be the first reason and secondly most of the powerful countries have already accepted bitcoin so he demand of bitcoin is also increased now a days and bitcoin is now stable and stronger than ever in market people believe and trust in it.

[ASHLIUSZ]

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.

[Izarok]

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.

It's all about supply and demand. The prices are too high today because the supply is only 21 Million and the demands is way too much. Also, the fork is what causing this spikes in prices. Whether the prices go down or high depends upon what will happen to bitcoin gold fork.

[yugyug]

The high inflation rate of bitcoin is the effect of the law of supply and demand. In this year these are the market influence of bitcoin why the price is high:

1. Japan - as they serve the bitcoin as a legal tender thus triggering more demand from Japanese community where it will be traded for merchant and retail  store. Lately this month they approve 11 crypto exchange platform that will operate legally in Japanese territory as they absorb the China's ailing trading activity where they allegedly forced to shutdown for some conflict regarding legal policy.
2 .The upcoming fork - most bitcoin users are expecting some free coins of 1:1 ratio for upcoming fork of BitcoinGold this October 15, that's why they try to hold more coins hoping that they will receive free coins, This is what happen from the latest fork of BitcoinCash, and now that they are aware for the same scenario, so the demands were high.

[harizen]

2 .The upcoming fork - most bitcoin users are expecting some free coins of 1:1 ratio for upcoming fork of BitcoinGold this October 15, that's why they try to hold more coins hoping that they will receive free coins, This is what happen from the latest fork of BitcoinCash, and now that they are aware for the same scenario, so the demands were high.

Likely this event is somehow gets the most percentage why we are in the current price today, I believe. There are lots of crypto users who got benefited in the last fork because of the free money out of it and now awareness of it grows more that's why others takes an action too and joined the hype resulting an increase in the usual demand.

Now let's just see how the price will behave after the fork, will the price maintained the momentum or expect a hard dump after that event.

[atjiat]

You can read a lot of things in the public press and while Goldman Sachs has announced that they will start the bitcoin trade operation, JP Morgan said that it is the biggest scam in history.

Fact is the more people are getting aware about bitcoin and want to use it as a payment method or invest in it, the higher the price will rise because the number of bitcoin is limited. This is the basic law why the price finally will continuously rise.

I also heard many times that there is an opinion that a refutation of this idea or for confirmation, but nevertheless I want to say that if there is an opportunity today to earn on the crypto currency, then it can be used.

[wxxyrqa]

You can read a lot of things in the public press and while Goldman Sachs has announced that they will start the bitcoin trade operation, JP Morgan said that it is the biggest scam in history.

Fact is the more people are getting aware about bitcoin and want to use it as a payment method or invest in it, the higher the price will rise because the number of bitcoin is limited. This is the basic law why the price finally will continuously rise.

I also heard many times that there is an opinion that a refutation of this idea or for confirmation, but nevertheless I want to say that if there is an opportunity today to earn on the crypto currency, then it can be used.

I think that if it was Vera, the new educated people would have long understood that this is so. Therefore, it is not necessary to breed vainly untruthful information. Bitcoin is a currency based on What will be built a new financial system of the world.

[carriebee]

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.

This is the most reasons why bitcoin price goes up high these days because of increasing its demand. And attract more users, investors. Bitcoin has become spreading its awareness globally that people/users grab the chance to invest with its value that high and we as users could possibly earn huge profit.

[Clairvoyance]

Supply vs demand. That causes the bitcoin prices to go up. As what I have read the cap of Bitcoin is 21 Million and its users keeps on growing. Meaning, the price might soon reach new level due to the number of user still increasing but the supply remains at 21 Million.

[milly6]

Supply vs demand. That causes the bitcoin prices to go up. As what I have read the cap of Bitcoin is 21 Million and its users keeps on growing. Meaning, the price might soon reach new level due to the number of user still increasing but the supply remains at 21 Million.

mostly fomo lol. Supply is not 21 million yet btw.. theres as of writing this 16,621,387 BTC in circulation

[michellee]

i think its because bitcoin is now become famous, people in out there spread news about bitcoin and makes people curious with bitcoin and some of them have big money and then they decide to try to buy bitcoin. while they are many people is buying bitcoin, the price is still up and down and we can see the price is up so high for now and makes other people thinking that bitcoin is too expensive for them. and yes, bitcoin is attracting many people now and they are trying to get involve in bitcoin world before its too late for them.

[usekevin]

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.

Correct buddy.Current price of bitcoin is not stable one.It take much more time to travel a miles.Since many people start to inverse in bitcoin now,you may see any peak value at this October end.It's true.Even Japan fully get in to bitcoin,the mining process will be easy and High value you may in this November.

[Burks]

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.

Absolutely that is the fact many people started to get the knowledge of bitcoins and its profit level so they want to invest their money into bitcoins it causes increase in demand which makes bitcoin price goes up higher.I think the price will go up higher and higher when all peoples know about cryptocurrency.The bitcoin price is mostly depends on the technological devolopment and investment in bitcoin.
In this modern world many people are familiar with computers and internet which attracts them towards go cashless one of the way is digital currency.That means many people started to use bitcoin which causes the price keeps increasing.
When more people start to invest on bitcoin means holding bitcoins which makes it more demands which also increases the price.

[Bessta]

 demands are growing and increasing against the supply which remained  at 21 million BTC. Because there is no central power which can arbitrarily decide to create more bitcoin,  the value of bitcoin
 incredibly rose, also people haven been realizing the leveling of playing field that brings different kind of predictability  from the ones they were used to. Moreover, the increase in the price attracted people who are interested in bitcoin from investment perspective.

[santi_09]

I have this thought that it could be because of upcoming bitcoin fork this October. Most people panic buy because of free coins that they could get after the fork just like what happen to the previous event. They got BCH for free equivalent to bitcoin balances that they had from exchanges who supported.

[PancherBitCoin]

I have this thought that it could be because of upcoming bitcoin fork this October. Most people panic buy because of free coins that they could get after the fork just like what happen to the previous event. They got BCH for free equivalent to bitcoin balances that they had from exchanges who supported.

as has always been thrown out in the trade, the demand always generates an offer and therefore the pricing for Bitcoin is obtained. I think that such growth promotes not only circulation for users, the best popularization of crypto currency in the world.

[mast3rm1nd]

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...

[aardvark15]

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.

[mast3rm1nd]

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.