Zagitta
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Activity: 302
Merit: 100
Presale is live!
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November 07, 2017, 03:04:08 AM |
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Hi there. Bitcoin did not just happen to hit $6400, this has been a gradual process since 2009. It was very volatile in the beginning when there wasn't that much proof of work and hash power securing the network, as well as decentralized full nodes that keep consensus rules without being persuaded by any external factor or outside authority. This is the beauty of BTC, that it's easy to be stealth with.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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sehanmaxx01
Newbie
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Activity: 56
Merit: 0
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November 07, 2017, 03:06:57 AM |
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I myself is more bullish than ever as this would mean that institutional money would be flowing to crypto and mainstream investment is opening a little bit.  Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?
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Restmand
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November 07, 2017, 03:22:16 AM |
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Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?
Bitcoin dont need to be recognizable and become popular just to hit the high price. Because bitcoin is work in the online and it don't nee to have an news or development. Bitcoin price goes up if there's more investing and more country allowed it to ued in their country.now the price of bitcoin is $6400 and im sure that next month the price of bitcoin was higher up again.so what you do now? Invest when the time is early. |
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Mexim (OP)
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Activity: 34
Merit: 0
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November 08, 2017, 01:15:51 PM |
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The high demand might be because more and more people start hearing about bitcoin, personally I've heard quite a lot of people starting to talk about bitcoin (didn't hear anyone talk about bitcoin last year, or before that).
The futures market opened to Bitcoin, its popularity started to grow tremendously in Africa, especially Zimbabwe which suffers from hyperinflation. Another cause was the Bitcoin Gold fork and the upcoming 2x fork. People are buying because they want to get more forked coins for free. This is causing some media attention and bringing in new investors who want to profit from the pump. Nothing happens without a cause in the bitcoin world, just like in the real life. Yes that make sense , I think massive adoption from the public and institutional money coming into the scene is the best for bitcoin , not all these forks that attract people dumping their altcoin to join the bitcoin free money game |
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aeternus
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November 10, 2017, 03:12:57 PM |
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I myself is more bullish than ever as this would mean that institutional money would be flowing to crypto and mainstream investment is opening a little bit. Hi , I'm new to the cryptocurrency world and I have no idea on how does cryptocurrency price works , Bitcoin just happened to hit $6400 without any news or development on the project , how is this possible ?
When institutional money begins to invest in bitcoin the price is going to go up like we have never imagined it will not be weird to think that the price could double in a matter of hours if that happened, since at this moment the only money invested in bitcoin comes from people with an interest in bitcoin. |
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cryptothreads
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November 10, 2017, 03:16:35 PM |
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There is a lot of information about Bitcoin in the last few days and this has a lot of impact on Bitcoin pricing but I think this is just news to buy Bitcoin at a low price. I think Bitcoin prices will recover very quickly in a few days and may reach $ 8,000 this year
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saedasda
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November 10, 2017, 03:27:15 PM |
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I think because of high demand and supply is the main reason why bitcoin is hit ALT and news is just a minor effect in my opinion. Even if bitcoin go down it will just go up and up
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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November 10, 2017, 03:57:29 PM |
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There are a lot of market manipulation going on at the moment. SegWit2X was postponed/cancelled and a lot of people bought BTC to cash in on that.... now people are pumping Bitcoin Cash and they are selling those bitcoins. Once the price of Bitcoin Cash increase, they will dump that for profits and buy Bitcoin again. {or the next Alt coin being pumped} This is just how these guys work.  |
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nightways
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November 15, 2017, 12:00:28 PM |
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The high demand might be because more and more people start hearing about bitcoin, personally I've heard quite a lot of people starting to talk about bitcoin (didn't hear anyone talk about bitcoin last year, or before that).
The futures market opened to Bitcoin, its popularity started to grow tremendously in Africa, especially Zimbabwe which suffers from hyperinflation. Another cause was the Bitcoin Gold fork and the upcoming 2x fork. People are buying because they want to get more forked coins for free. This is causing some media attention and bringing in new investors who want to profit from the pump. Nothing happens without a cause in the bitcoin world, just like in the real life. Yes that make sense , I think massive adoption from the public and institutional money coming into the scene is the best for bitcoin , not all these forks that attract people dumping their altcoin to join the bitcoin free money game Bitcoin has crossed 7.5k and there will be more progress in this coin a a lot of new investors are rushing toward this as its profit giving nature has enhanced enough and all the prices down fall had attracted a lot of people and this gives a chance to the new investors and new regions and this thing Is giving a lot of pump to the prices and yeah it is free money you just have to put your money and wait for the profit. |
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aboy24
Newbie
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Activity: 43
Merit: 0
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November 15, 2017, 12:24:37 PM |
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High demand of bitcoins because many invester here. And also mining too, when the bitcoins hit $6400 is it good to run a bitcoins in many years for now and i think btc strong on market.
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AmeSakibimasu
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November 26, 2017, 06:10:35 AM |
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High demand of bitcoins because many invester here. And also mining too, when the bitcoins hit $6400 is it good to run a bitcoins in many years for now and i think btc strong on market.
Bitcoin have already PUMP so hard to $9000 per bitcoin right now, and yeah, that is because of our support to bitcoin, many people have turned their interest on it causing the bitcoin's population to grow even more and the demand of it got high affecting its price also to rocket up to the moon. |
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pridequail
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Activity: 13
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December 01, 2017, 05:59:15 PM |
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Many factors really contributed on how it arrived to this total value. If you don't know much about how to use the cryptocurrency, reading through the forums can give you enough information to start with.
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ReLieD
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December 01, 2017, 06:01:18 PM |
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I don't know why would someone get this topic back up. Well it kidnapped feels odd to see people getting excited about 6.4k back at the beginning of this month. Well today it crossed 10k . I'm just posting the prices so that if I look back at my posts after a year or so I'll be able to calculate some stuffs and actually relive the time when the prices are less.
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