What is driving BTC increase

[g4vinshreds]

I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 7k is a lot for it,  but it's still going up I believe. I hope bitcoin will one day soon pass 8k,  but that could be a very long shot.

[kamudd]

the price increase each time a fork occurs, this is due to every improvement so bitcoin gets better and keeps people high, certainly many people expect the bitcoin to continue to peak.

[Sirait]

Just as in the stock exchanges, which causes prices to rise is a high market,
and investors who invest their money in Bitcoin is one of the roles in increasing Bitcoin ...

[Fredomago]

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

Bitcoin become famous now all over the world as you can see more and more are adopting bitcoin then legalize it. No wonder that if many nation is legalizing the bitcoin more and more can now freely to invest in bitcoin and this is the reason why bitcoin keep rising and i don't see any reason that bitcoin will fall down even during this in coming segwit2x because we have already learned a lot of bitcoin hardships and survived.

we already learned that after some correction big rise will followed so i guess its more possible that it will just rise up as many people are been aware about this system, bitcoin was been adopted even there's no big companies but those small players that been compounded and many individuals that keeps having their faith with bitcoin investment.

[Evangeline2]

More and more bitcoin fans, more and more countries support bitcoin, big capital and financial investment bitcoin, so the price of bitcoin will be higher and higher.

[warwar]

Just as in the stock exchanges, which causes prices to rise is a high market,
and investors who invest their money in Bitcoin is one of the roles in increasing Bitcoin ...

Agree. The higher the demand the price is also increasing . The bitcoin now a days is gettiing famous because it making a lot of news in the world of internet and in the people because of the higher price and that could derive those investors to invest in bitcoin . In the few years bitcoin is getting more increasing because it getting famous all over the world

[poletando]

this bitcoin price increased start from first hard fork in august that created BCH or bitcoin cash, the start of this increased price because of every people who hold bitcoin will receive the BCH like the amount of bitcoin, so some people buy it and makes bitcoin price is rise up. after that bitcoin increased more and more into bitcoingold hardfork and next segwit2x hardfork, we hope that after last hardfork it still up again

[benjamin11]

I think the reason why bitcoin's value is increasing continuously is because the demand for the coin is also increasing. Bitcoin is gaining popularity everyday. There are a lot of news regarding bitcoin everywhere. Because of that, a lot of people are now engage in buying, selling, and using bitcoin. Just like in economics, the higher the demand, the higher the price.

[princesocapuyo]

The main driving force behind the BTC price increase is the old saying supply and demand. Over half the amount if bitcoins have already been distributed and I heard roughly 25% have been lost since it came out in 2009. This means there is only a certain amount of BTC and there are A LOT of people trying to buy it right now so this drives the price up with how much demand there is.

[Givebirth]

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

Rumors everywhere they say the price will drop dramatically after the fork this month. But for me, I think it will insanely rise after this pork yes we know crypto coins have unstable value. But I know bitcoin will never drop it's price beyond 4000 dollars. Driving this price to rise that high is because of it's demand on the market and all the traders out there and also investors.

[uztre29]

Popularity is the big factor that affects the price of bitcoin. As bitcoin becomes more popular, the number of investors on bitcoin increases. Understanding the law of demand and supply will help you understand the current situation bitcoin is in. I am expecting the price to drop because bitcoin’s value needs to be controlled that’s why there will be an upcoming hardfork this November. Its value will decrease but will still increase after the hardfork. The same thing applies to bch.

[drwhobox]

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

there is an incoming fork on the way some hodlers of altcoins buy Bitcoin to get some fee money with the forked coins the after a while the price would regulate to its real value at that time. And yes the higher the price of bitcoin goes the higher the demand that it gets from the users.

[BitHodler]

the price increase each time a fork occurs, this is due to every improvement so bitcoin gets better and keeps people high, certainly many people expect the bitcoin to continue to peak.

The initial SegWit activation brings needed improvements to the table, but all other forks are nothing more than get rich quick tools for the entities behind them, and indirectly the greedy people here who look forward to more splits.

Currently it's safe to say that it's largely the soon to be initiated chain split that sparks buyer interest, and gives people already hodling Bitcoin reason to hodl a bit longer before they cash out profits ~ greed dictates the market.

[Bambinoe]

I believe whenever a fork is about to take place people speculate a rise in price of BTC. This triggers a high in demand of BTC which in turn escalates its price.

[androidpobeditel]

Well, it's obvious. We are now in that wave, when again bitcoin is actively advertised. Those. interested people, actively involve new blood in bitcoin, thereby increasing the volume of purchases and maintaining the price at altitude.

[grandmasters2]

The fork and more volume because of the news!

[Maddinson100]

It is the investors and users that drives bitcoin in increasing its values, and also people that badly wanted bitcoin.

Indeed the obsession of people for bitcoin is the main reason, they all know it very well that this is going to make them financially stable and let them to secure their future, they get into some promising projects and allow the profit to be get saved either into some assets or invest it again into the projects. Wise use of bitcoin can lead to fulfill all the needs of people.

[SilverChromia]

Because a lot of people now in every party of the world already knows about Bitcoin and its good reputation in many netizens or its supporters.
It one other reason is because it is in demand and other people trying to invest to gain more profit.

[SuperD007]

I know it might seem somewhat utopian but I would love to see a scenario where, BTC gets used for larger transactions like buying property, cars, houses  etc... and BCH gets used for smaller transactions like how we use fait currency now. Buying electronic goods or groceries or paying for a movie ticket or cup of coffee...etc.

[freightjoe]

The increase now is simply driven by people stupid enough to believe that they can genuinely continue to make money by doing nothing except buy more bitcoin.