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Author Topic: What is driving BTC increase  (Read 2747 times)
Valzzz005
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April 22, 2018, 01:20:58 PM
 #261

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 Smiley


The bitcoins are increasing because of the high demands of the people we all know that hing because the bitcoins and almost all the other cryptocurrency in the market are volatile in a way that their price depends of the demands of the by the people that is always been the bitcoins cause why they are rising or falling so just hold whenever the bitcoins is falling we all know that not all the time the people will buy it but when it pumps into the market you will not regret the factvthat you now hold it.
gordeevaverona
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April 22, 2018, 01:23:16 PM
 #262

As demand says, supply creates supply, and as long as there are buyers for it, the price will increase. I myself invest in Bitcoin
Olga1111
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April 22, 2018, 09:06:47 PM
 #263

the recent rise in the price of bitcoin is the result of an upcoming fork. As soon as this happens, there will be a serious price correction.
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April 22, 2018, 09:14:11 PM
 #264

the recent rise in the price of bitcoin is the result of an upcoming fork. As soon as this happens, there will be a serious price correction.

I believe the fork you're talking about it Hexxcoin. But that's untrue. It has very little to nothing about Bitcoin's recent price increase. Like Everyone is saying, The bull market is back so that's the major reason why you see Bitcoin and everything else going green. There would be corrections but not anytime soon.




yonjitsu
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April 22, 2018, 09:53:13 PM
Last edit: April 22, 2018, 10:04:39 PM by yonjitsu
 #265

It's always been a question as to what is the reason of bitcoin's market price increase. IMO, it's always be the demand of the people that's driving bitcoin price increase most of the time. While other also claim that the price is being manipulated by some whales who own big quantity of bitcoin.

hacekd
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April 22, 2018, 10:11:23 PM
 #266

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 Smiley

During this time, the volume of trade is very limited because many market participants are out or rest / take a break after the incident Bitfinex hack. A short squeeze can turn a small increment into a big jump, but it can not turn a flat line into a big leap

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iamdebby_23
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April 22, 2018, 10:23:14 PM
 #267

Demand no doubt increases BTC.  That's how it has been and will be as it gains more popularity and acceptance in different fields of commerce and industry.
alroys
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April 22, 2018, 10:35:00 PM
 #268

The market demand is very high, this is the reason why Bitcoin can rise quickly at that time. Bitcoin's actual rise in turbine influenced by the culprit itself, and it is certain if the supply of Bitcoin a little and big demand. then the seller will sell their coins at a very high price.
Wylie330
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April 22, 2018, 10:48:27 PM
 #269

The price of Bitcoin depends on its demand. Its price increase as more people buys Bitcoin. That's why when you see many people are buying, price tends to go up. Because of Law of Supply and Demand. And when many sell their Bitcoin, price tends to go down.

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AnnaGeraMsk
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April 22, 2018, 11:20:25 PM
 #270

demand generates demand, demand generates supply, the more bitcoin is bought the more it grows, I think that if the azhatz leaves, then the asset will be like gold, stand in about the same diapason!
denverangelo9
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April 23, 2018, 01:20:15 AM
 #271

Demand no doubt increases BTC.  That's how it has been and will be as it gains more popularity and acceptance in different fields of commerce and industry.

it's true that the trade-industry sector chooses to invest its money in cryptocurrency, will make bitcoin more expensive, the more people know about bitcoin and invest it will also make bitcoin more expensive
Arlibtchunt2018
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April 23, 2018, 01:29:24 AM
 #272

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 Smiley


I think this trend will continue. If it will drop again then maybe the manipulation issue really does occur. Those guys do really have the capability to control the market.

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jikurpa
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April 23, 2018, 08:55:28 AM
 #273

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 Smiley

yes I will keep holding bitcoin to profit with capital confidence and patience will surely be able to gain in investment
Weeko
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April 23, 2018, 09:07:28 AM
 #274

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 Smiley


I think that this is a bubble, but not in its pure form. And because of the fact that the market poured more funds than he produced products. And so the crypt is technology and they will grow in price.
simongoat
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April 23, 2018, 10:41:08 AM
 #275

I think part of what drove the price spike late last year (when your post was made) was JP Morgan coming out and saying that Bitcoin was a good asset to have.

luisdvmd25
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April 23, 2018, 03:23:42 PM
 #276

I believe that it's more users of bitcoin and wider acceptance that's causing bitcoin to be worth more. Still, 8k9 is a lot for it,  but it's still going up I believe. I hope bitcoin will one day soon pass 20k,  but that could be a very long shot.
shultz1994
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April 23, 2018, 03:40:08 PM
 #277

The increase in the price of bitcoin is affected by many factors. Not a small role is played by the positive news that relate to bitcoin. For example, if a country accepts or prohibits bitcoin, or bitcoin becomes the official payment system of a country. This all affects its popularity and hence the price. And another factor is the capitalization of bitcoin. The more people learn about bitcoin, the more money is poured in. It's simple.
zero9119
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April 23, 2018, 04:48:09 PM
 #278

Modern blockchain technology and humans have promoted bitcoin development. Modern technology helps investors trust and use bitcoin. They are increasingly involved in bitcoin, helping the nation's economy grow.
ajja
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April 23, 2018, 04:56:59 PM
 #279

I hope the bitcoin price keeps increasing because I've saved it, I think a coin will be high in price if the demand for coin is a lot, and vice versa it will be low if the demand is low.
etherixdevs
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April 23, 2018, 04:59:12 PM
 #280

Which are the most serious expectations for 2018 in your opinion?
Is there any other fork planned soon?
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