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imking
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December 06, 2017, 10:37:12 AM |
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I think more people are still cooperating with the bitcoin more than the altcoin that why bitcoin still driving increasing, and my other reason is the bitcoin gold fork that why the price stayed at $6k. I read some news that one most food chain will invest in bitcoin and also the food chain will accept a bitcoin mode of payment.
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vinzanityyy
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December 06, 2017, 10:41:51 AM |
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Higer demands actually, because of its popularity
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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December 06, 2017, 10:50:02 AM |
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More and more people are starting to see the potential of bitcoin more so as a way of making money they can see buying and holding for even a couple of weeks can make them money. So as more want bitcoin the price rises with it. Bitcoin is the first crypto currency people tend to hear of.
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OriginTrain
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December 06, 2017, 10:59:40 AM |
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Once people realize one simple thing: There are less bitcoins than there are millionaires in the world. If BTC ever becomes the world global currency, and millionaires devoting their entire networth into it cannot even buy 1 coin.. then that is huge. 12k is nothing yet, and that is why people are still driving it up.
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Mr.John19
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December 06, 2017, 01:07:44 PM |
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More bitcoin user, more mining user and more investor in bitcoin. Bitcoin now is the more popular vs. previous years. I think the this will be the reason why bitcoin price is increasing. When bitcoin announce about the upcoming hardfork for some people including me, predict that value will decrease and will rise after that. But this not happened. Driving the price because of the demand on the markets.
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madentopere
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December 06, 2017, 05:01:20 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  Demand , good news , price is the main things that driving bitcoin. drop dramatically soon? can happen but not soon (after 10 years at 2019) |
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rxplcgna
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December 06, 2017, 05:03:48 PM |
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I think the main reason is the development of the community, which may probably be named the bitcoin year. In 2018, it will be the year of an encrypted currency explosion
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ramayor
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December 06, 2017, 05:44:16 PM |
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BTC follows the law of demands in economics: higher the demand, higher the price. It will continue to have an enormous increase in worldwide demand for BTC at the same time an overall increase in blockchain activity. But higher the price of bitcoin, higher transaction fees which is a disadvantage.
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Peashooter
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December 06, 2017, 06:05:43 PM |
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Demand mostly. But there is likely going to be a correction soon. At least, that's what SHOULD happen.. but you never know these days..
I agree that demand is the main factor why it is keep on increasing. As of now the price of bitcoin is keep on increasing and I think it will continue on increasing. I think if more investors will invest the price of bitcoin will rapidly increase and may lead to high income. The supply and demand of bitcoin is the main reasons why the price was totally expensive. |
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emberbekas
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December 06, 2017, 06:29:24 PM |
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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.
I think so, people wants free money whenever a hardfork that potentially create a new coin will occur. The demand for bitcoin increased because of it. |
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mahibul49
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December 06, 2017, 06:31:36 PM |
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bitcoin demand is rising thats why price is going up and up.and soon we will see a correction but after that price rise more |
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lifemong
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December 08, 2017, 07:11:48 AM |
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Frankly, I do not know exactly what caused the price increase. But I think BCH, BTG and so on are causing the price increase.
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jayram
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December 08, 2017, 07:24:47 AM |
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The fundamental reason which drives bitcoin prices upward is the constant increase in demand and a very limited supply of bitcoin, basically it is the law of supply and demand. When supply is constant and demand is ever inceasing, there is only one way to go and that is upward.
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taiwww
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December 08, 2017, 07:25:18 AM |
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Bitcoin was introduced in 2009 with a motive to reduce peoples trouble from traditional currencies and help people trade independently. But bitcoin get more popularity as asset than currency. Since last one years bitcoins popularity is increasing regularly. Its price just crossed $17000 mark. Limited supply and huge demand is the one and only reason of rising price of bitcoin in such a short time span. Its now become a cycle, people have huge attraction and confidence about bitcoin that it will go on increasing and have them good money. As a result they are ready to pay any price, but as the supply of bicoin is restricted so its prices are rising.
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RSM0103
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December 08, 2017, 07:29:00 AM |
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Probably the demand of bitcoins the more investors invest in bitcoin the more its marketcap increase and the more its price will go up, but I expect it to go down but not that much maybe around 11-13k$ by the end of the year and will go up again in the mid January 2018. Its just my opinion.
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lifemong
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December 08, 2017, 08:24:28 AM |
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Prices are soaring now. I think it is a bad sign that prices go up sharply. It is likely to decline soon.
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bitcampaign
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December 08, 2017, 08:39:59 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. |
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Spoetnik
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December 08, 2017, 08:45:14 AM |
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Demand mostly. But there is likely going to be a correction soon. At least, that's what SHOULD happen.. but you never know these days..
Agreed and more specifically i would wager old money is making it's way in more & more plus average home users. The one preys on the other.. @bitcampaign Cheap Bitcoin ? I looked earlier and itwas like 17k or some shit.  When i got here it was about $30 or $35 dollars if I recall correctly. I remember bookmarking a calculator site when BTC hit $50 for the fist time. http://www.bitcoinexchangerate.org/(My Bookmark in Firefox said $50) Cheap BTC ? $17,000.00 https://coinmarketcap.com/..time to run pajeets |
FUD first & ask questions later™ |
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Slipknot79
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December 08, 2017, 08:49:06 AM |
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Simply its supply and demand. As more and more stories come out about the incredible growth of bitcoin it creates more demand. It will continue for a long time to come.
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Spoetnik
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December 08, 2017, 08:51:33 AM |
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Simply its supply and demand. As more and more stories come out about the incredible growth of bitcoin it creates more demand. It will continue for a long time to come.
Growth ? A very poor choice of words. What you SHOULD have said is popularity and market price. Which are independent from adoption and it being used as intended (as a currency) |
FUD first & ask questions later™ |
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