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Saifher
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December 08, 2017, 08:58:15 AM |
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I think the main driver behind this price increase is the futures market that will be launched this weekend. No one knows whats going to happen when it does, but we're certainly in for a crazy wild ride until the year ends. I'd actually prefer if bitcoin kinda went sideways for a couple weeks, to let the market breath a little bit.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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catchemcrypto
Newbie
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Activity: 70
Merit: 0
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December 08, 2017, 09:51:36 AM |
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Is there one main reason for the BTC increase? Or are there a lot of factors considered in this?
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EmJay
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December 08, 2017, 11:11:57 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions  for me the factor that drives the bitcoin price to strike high is that the trust of the people on bitcoin that's why they are holding it for investment in which the supply is gettig low and the demand of people to buy and invest it is higher so the price obviously will rise. and also of all the cryptocurrencies, bitcoin is number 1 for a long period of time. |
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Satish147
Full Member
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Activity: 420
Merit: 100
Harmony for One and All
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December 08, 2017, 11:26:22 AM |
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The inflow of money from institutional money to bitcoin from December 10 through Bitcoin futures.
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Spoetnik
Legendary
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Activity: 1540
Merit: 1011
FUD Philanthropist™
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December 08, 2017, 08:44:59 PM |
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Is there one main reason for the BTC increase? Or are there a lot of factors considered in this?
Your title here is "newbie" so.. any guesses ? It would be you NOOB. And the rich financial players showing up to prey on the idiot noobs. It is those 2 points in play. And when the whales start to dump on your noob idiot ass's you will of course follow suit en mass. |
FUD first & ask questions later™ |
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Tadblt
Member
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Activity: 75
Merit: 10
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December 08, 2017, 09:01:40 PM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions The thing that drives the Bitcoin are the forks. I'm looking forward to witness how the Bitcoin reach the $50,000 rate in the near future. I can't wait to see how Bitcoin conquers the Currency field. But take note of this, Bitcoin could also drop unexpectedly because of the unnecessary circumstances so be careful still. There ain't no security from the price but the market would go boom in the near future i believe. |
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Vik87
Newbie
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Activity: 14
Merit: 0
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December 18, 2017, 03:43:21 AM |
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I think it is because of the increasing numbers of demand and contributors or merchants. Some parties aren’t satisfied with how limited the proposed changes are, and they even made a hard fork to Bitcoin Cash. In the future the price of bitcoin will be 2x or 3x higher than today.
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SiDtHeBeSt
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December 18, 2017, 04:22:34 AM |
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As you see people saw the price of btc to be pretty high and increasing so they wanted to invest in it to earb profit too, the number of people who wanted to invest in btc kept on increasing. More the number of people investing in bitcoin, more would the price increase.Basically bitcoin's price is so high basically because it's demand is far higher than the supply.
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MWesterweele
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December 18, 2017, 05:09:32 AM |
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yes I guess a lot of people expect cheap bitcoin because when the price is low and there will be a lot of whales that buy bitcoin and there will be more, a collision is about to happen, i am happy to have a little btc i have now because i will keep saving when the time comes and I will feel the great pleasure. For me the reason is the growing community of bitcoin and become popular so many people shown interest to it. Also because of the rising value of bitcoin thats why bitcoin is increase. |
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negamus
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December 18, 2017, 05:10:34 AM |
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Bitcoin has been going up so fast, in fact we had a little dip last night, it went from $20000 to less than $18000 in just a few hours, but it has already recovered. The price is already on $19000 and it seems that it will be touching a new all time high soon. So buy a little bit more if you want to keep making money
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kiddeon123
Full Member
Offline
Activity: 291
Merit: 101
https://icoenergy.org/
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December 18, 2017, 05:22:31 AM |
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I think the reason why bitcoin continues to increase is because its investors and the number of its users are also increasing. The more the people invest in bitcoin the bigger its price will become. Also bitcoin can now be used in buying things like a normal currency, and people are beginning to accept it.
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ObroQ
Member
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Activity: 238
Merit: 10
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December 18, 2017, 05:46:20 AM |
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The price rises due to the high demand of bitcoins. More and more people start to invest every day so it's all about supply and demand.
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Donn_Vader
Newbie
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Activity: 2
Merit: 0
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December 18, 2017, 09:05:43 AM |
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Huge demand possibly because bitcoin has limited supply so demand grow supply keep and the price will be increase
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Armstand
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December 18, 2017, 09:08:06 AM |
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because first more and more of investors and people are being attracted because of BITCOIN'S POPULARITY and also the BIG HIGH PRICE bitcoins do offer nowadays.. imagine people are driving crazy because of money .. and I can't blame them because I am taht kind of person too  which makes the bitcoin price to go climb higher as the time passing by Since bitcoin implementation and adaption were developed now, many accepts it for conveniently uses, more users can still get attracted to it knowing that it improves as te passed by. |
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J Gambler
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December 18, 2017, 09:08:25 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions I think that the reason behind the increase in bitcoin is the fact that the market is going crazy nowadays for its demands and a lot of people and countries and governments alike are gettig their i terest piqued in bitcoi. However there are still trends to watch put for |
Y U MAD AT ME
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Thavite71
Jr. Member
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Activity: 43
Merit: 1
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December 18, 2017, 09:51:41 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions main driving is demand but when gold and other down all will try to use bitcoin as future investment specially after CME accepted it |
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Asusnumbaone
Member
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Activity: 246
Merit: 13
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December 18, 2017, 10:02:42 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions First factor why the bitcoin price will increase is because of us. Yes! Its because of our demand that keeps it increasing. It us who increase its price. It is a good factor because the bitcoin price can be a source of income and investment for people that want extra money. |
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shouter
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December 18, 2017, 10:31:10 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions I think what's behind this huge increase is the inclusion of new investors (I believe there are big companies investing a lot of money). I think the price will fall (but not drastically), it is natural that anyone who bought Bitcoin, wants to make a sale in order to use the profits (and I have no doubt that he will buy again). I believe it will continue to increase as new investors are entering the Bitcoins market. I do not know if it is possible to stipulate how long the increase will continue. |
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NoSkyLimit
Member
Offline
Activity: 171
Merit: 50
Crypto will save my kids!
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December 18, 2017, 10:33:17 AM |
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All of us that are buying right now . We are driving the btc price increase but however someone is holding and not selling , and when they gonna start selling ....welll...back to 2k I guess.
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jakoylantern
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December 18, 2017, 12:25:21 PM |
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For me, what is driving bitcoin to increase its price because of some reason? Like bitcoin capability, and growing community. We all know you can use bitcoin to buy some things you want, through the internet or some company. Also, the growing population of bitcoin has the massive effect of its amount. When the demand for bitcoin is increasing the price will also increase, that is the main reason why bitcoin is becoming expensive. |
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