Why BTC is rising the price?

[micloop]

Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

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[MissionPhailed]

The announcement of the CME Group undoubtedly plays a role, albeit a small one. Due to the enormous bullrun we've seen in the last month, BTC is mentioned more and more in the media and an unprecedented number of people are diving (agressively) into crypto with the goal of making quick profits. This makes the value of BTC going completely bananas with subsequently even more coverage in the media. There's probably some sort of virtuous circle going on untill a massive correction occurs.

[Moonmanmun]

Why is BTC rising in price, you ask?  Because the world is slowly but surly catching on to its brilliant technology.


That's my guess..

[Svelto]

There are a few reasons why BTC price is rising and definitely the CME news play a part. The other significant reason is because of the upcoming fork.

[Pfizer]

There are a few reasons why BTC price is rising and definitely the CME news play a part. The other significant reason is because of the upcoming fork.

We have seen two forks in the previous days. 1 august fork made a huge increase in bitcoin and also BTG made a huge increase in bitcoin as well. This is showing that upcoming fork will make the price even higher possibly.

[MingLee]

Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

Probably contributing in a significant way, I wouldn't be surprised if there is a fair amount of hype for this and everyone is getting their money in now so they can try and ride the corporate wave as more and more money gets invested into Bitcoin through various funds and corporations trying to make whatever amount of money they want to off of it.

More companies are seeing Bitcoin as good, and that's a good thing I guess. It could be a lot worse, and there could be a lot of people who would just want to crash it so their fiat doesn't get affected. Big steps.

[awaramalik]

There are a few reasons why BTC price is rising and definitely the CME news play a part. The other significant reason is because of the upcoming fork.

We have seen two forks in the previous days. 1 august fork made a huge increase in bitcoin and also BTG made a huge increase in bitcoin as well. This is showing that upcoming fork will make the price even higher possibly.

because btc is very famous in people everyone want and buy BTC it is just not the end of btc it is just begining.

[poplolnman]

There are a few reasons why BTC price is rising and definitely the CME news play a part. The other significant reason is because of the upcoming fork.

We have seen two forks in the previous days. 1 august fork made a huge increase in bitcoin and also BTG made a huge increase in bitcoin as well. This is showing that upcoming fork will make the price even higher possibly.

there a lot of factor actually include the fork , some massive adoption that all of them leading to a big demand on bitcoin where nowadays to earn bitcoin itself are so hard. a lot of people also getting more curious to know more about bitcoin and decide to buy bitcoin for the sake of to give a shot. pretty clear enough isn't it?

[tj4dmx]

It is mainly because of more awareness and more popularity of bitcoin,plus the upcoming bitcoin fork.

[chimcoin]

I think this awareness will continue to grow day in day out and there by making price to rice the more .

[BitcoinPanther]

I think this awareness will continue to grow day in day out and there by making price to rice the more .

Definitely, the promotion and marketing for bitcoin never sleep, besides the current surge in price enable lots of  investors who bought during the dip to have doubled their stash.  This will give a good sample to those who are wanting to invest and get a huge profit along the way.  Aside from that,  it seems the fork had given bitcoin an attracting status this time around .  More profit to the holder.

[BritVR]

Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

BTC future will bring so much money in to crypto

[Akash1243]

Well upcoming hardfork Segwit2x will have a deep impact on bitcoins and mostly the price will increase after the fork so people are trying to earn profits by buying now.And the fork bitcoin gold had given enough attraction which might have led to mass investment by new users and investors causing this hike in price.

[howtobuy]

The announcement of the CME Group undoubtedly plays a role, albeit a small one. Due to the enormous bullrun we've seen in the last month, BTC is mentioned more and more in the media and an unprecedented number of people are diving (agressively) into crypto with the goal of making quick profits. This makes the value of BTC going completely bananas with subsequently even more coverage in the media. There's probably some sort of virtuous circle going on untill a massive correction occurs.

I dont agree that it plays small role. This announcement is BIG. This is first serious instrument for institutional players. Based on that new ETFs can be created and the big QE money can be channeled into Bitcoin through "official" channels. I very much believe this is the best news for Bitcoin this year

[TravelMug]

Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

If could be that the mentioned articles have something to do with the increase of price of bitcoin, although that news came about like 2 days ago already. I think the real reason is the upcoming segwit2x implementation. All investors are very bullish about this activity that's why they continued to buy bitcoin as a very steep price because the price could go higher after the segwit2x. Remember that our market is based on speculation, so the more positive news we have the higher the prices is going to be.

Just to continue to hodl and don't let your coins right now because the price is going to the moon. We should all maximized our profits. The future really look bright for bitcoin market.

[Femhab]

The rise is due to the recent consecutive BTC fork, many are withdrawing BTC from exchanges to the wallet which in turn shooting high the price of Bitcoin. The rise is certainly also affecting the ALTS causing them to dip in value.

[Bourne323]

Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

[Avity]

I believe the news you talked about is one reason.  Another is all the other news surrounding BTC right now, including china maybe allowing Crypto again.  The upcoming fork is definitely a player as well.  Should be an interesting month.

[Sadlife]

It's just simple economics the more people who buys bitcoin the higher the demand gets of a currency the higher the price. CME group is not the only news coming ahead but also ive heard exchanges in china will reopen so expect the will be bullisbh again. It is now become a solid and stable currency and investment asset.

[spinno]

i think the world is more enlightened about technology, everyone is busy trading and selling online. even money is being converted to crypto currency