What is driving BTC increase

[maimainguyen05]

The fall in Bitcoin rates is due to the impact of various negative news on the Internet. Newly there are many experts have distinguished Bitcoin has failed to become the most popular currency in the world, the future of Bitcoin will be replaced by Ethererum, etc. But Bitcoin's exchange rate is still at its highest, dominance for over 40% of all cryptos in the cryptocurrencies market.

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[michellee]

I think it's because many people want to buy bitcoin at the same time and this makes the price move to higher price and finally, we can see a new highest price. but for now, I think although there are many people buy bitcoin, the price still doesn't move to high price and only up and down at that level of the price. maybe if there is any massive buying order in the market, then the price will increase higher so I think right now and until next week, the price will be stable in that range.

[Rajamuda]

Everything is influenced by the efforts of many people, of course each of the purposes of each person must be different, but I'm more wondering that Btc will continue to be pushed by many enthusiasts from time to time, though it often decreases.. Btc will not be forgotten.
For me, I have an investment in Btc, I do not really wishing.. but I'm still optimistic and believe that it still tends to continue lead to higher price. My investment is a my passive incomes, I just enjoying the developmets of the price and waiting to gain profit.

[Fujiati]

one of the rising prices of bitcoin is the number of investors who buy bitcoin. from early 2017 bitcoin investors increasingly crowded so that at the end of last year bitcoin prices rose drastically.

[RAmondragon]

More investors and the positive spread of news about bitcoin helps to increase its value. Just like last 2017 when a big increase happened due to more people involve in bitcoin. If everyone will support this cryptocurrency then there's big future ahead.

[mi56374100]

The reason why bitcoin is so much alive today is that there is a sense of crisis in the act of printing money to save the economy. They have poor people, they can't afford other assets, they just want to buy bitcoin as an investment, and they have rich people with lots of assets, so they can hedge when the bubble bursts. What they have in common is a distrust of big government, and probably many people with tea party ideas hold bitcoin. And from the human nature of most people, a growth of an individual's ability to create wealth is far less than their desire of growth, the government in order to calm widespread discontent, are used to print money as a way to solve the currency not only won't break down, and stood in the side of the time.It was they who kept the price of bitcoins growing.

[syusk82]

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 the acceptance of the market and users will help to increase the price of it. Moreover, good news will also contribute the the huge price spike. There could be massive increase by the end of this year.

Driving people to invest in Bitcoin is always greedy behind human nature. And there is no "perfect" cryptocurrency in the world. Therefore, there are many options in the market.

[toti.]

 ongoing research reveals four factors that affect the price of Bitcoin. These include media hype and uptake by peers, political uncertainty and risk (such as the election of Donald Trump or the vote for Brexit), moves by governments and regulators, and the governance of Bitcoin itself.

1) Animal spirits
Economists have long had a notion that psychological factors affect investor decisions. This is called “animal spirits” and refers to investors making decisions based on the behaviour of other market participants and their own intuitions, rather than hard analysis.

2) Political risk
Political risk around national currencies can also affect the price of Bitcoin as people use it to hedge against price movements in a particular currency, or they need to quickly move large amounts of value out a country or currency.

3) Regulatory moves
Regulators around the world have had to catch up to the rise of Bitcoin. They must decide, for instance, how it will be treated by the tax system, or whether and what regulation applies to its use.

4) Bitcoin’s governance
Although Bitcoin is a decentralised currency, some decisions about how it will work or evolve need to be made from time to time. These also have an impact on the price.

The software used to verify Bitcoin transactions is created by developers and is run by miners (the global network people who verify Bitcoin transactions).

hope this helps 

[Akash1243]

Well bitcoins are great for long term investment and also decentralised so it peeks interest of many investors and people.And recently as media has been spread info about bitcoins more and more which has attracted people's interest.

[bitcon]

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 the acceptance of the market and users will help to increase the price of it. Moreover, good news will also contribute the the huge price spike. There could be massive increase by the end of this year.

First and foremost, this is the information that appears in mass media. Today many articles about people that have become millionaires due to Bitcoin appear. Many guys start to believe they will do the same, many of them invest in Bitcoin and it goes up.

[Uno17]

Some factors that may affect the rise of bitcoin is the rapid growth of bitcoin users and supporters, it is also moved positively when there is an increase of number of investors to invest in bitcoin, the positve news and good reputation of the market also pushes bitcoin to move higher and it matters also when there is a progressive regulatory moves applied in the bitcoin world. These factors will contribute a positive and good market fluctuation.

[Corcoran]

Bitcoin can be increased in the presence of global attention among various big giants in the financial sector. This makes bitcoin very popular outside the crypto community because it has attracted many investors from traditional markets. because the number of investors and the spread of positive news about bitcoin helps increase the value of BTC

[lanareyDEY]

Now bitcoin is growing and it is possible right now to invest for stable earnings

[Klintiv]

Yes, I too have watched the growth but for now all fallen and I think only three months to recover

[BitcoinLoan]

Yes, I too have watched the growth but for now all fallen and I think only three months to recover

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first Bitcoin futures products.

[snowbubble]

In my opinion most important thing is difficulty increase in mining and limited supply, because of this 2 we have potentially always increase in price.

[Pistachiop]

Demand. It is the same thing that drives the increase of anything, the more people want it, the more expensive it becomes, especially with something with a limited supply like bitcoin.

[Dudeperfect]

It was the decision of big whales and institutional investors to push the price and gain profits from the artificial surge, However, I am happy to see that price collapsed and correction took place, from this point, Bitcoin will grow at a sustainable and natural rate which would help it in the long run. The primary reason for the price surge was greed.

[paynercash]

It is important for Bitcoin to increase the number of people who know Bitcoin. They heard Bitcoin is a place to generate high income, fast. They can become millionaires within 1-2 months. So today Bitcoin has attracted a lot of participants, more demand from which to promote high Bitcoin prices. That is my personal opinion.

[Richurd]

I would imagine it is the optimistic point of view from major governments on crypto in general. Theyve had a pretty open view on blockchain being the future..