What is causing 7000+ price

[jc89]

Well, one reason is that more people are now aware of btc and every single day there are people who are deciding to join the trend. And let's not forget the upcoming fork which is the segwit2x. This fork is more serious and better than the last one (btg). More investors are buying in to get more b2x as much as they can which adds to the surge of btc. Just when I thought we'll settle at 6k before the year ends, and now we're at 7k. Amazing!

[Howtrain]

Probably a combination of future trading + the B2X fork (free coins if you hold BTC). I assume the price of BTC will fall significantly once the fork hits.

[KoinBey]

The only reason is ''beacause whales want it''. Everyone thinks BTC will fall after 6000$ but after 7 days later we reach the new ATH. Crash will be big.

[hasmukh_rawal]

I read somewhere in the forum today that only 8% of the world population knows about Bitcoin and uses it. If that's true then there are 92% in the world who still don't about Bitcoin which is huge. Apart from this, there has been a sudden surge in the Bitcoin market and the positive news spreading like China regualting exchanges, rumor of Amazon accepting Bitcoin, CME group announcing futures have just boosted the price of Bitcoin. All of this has created so much hype about BTC in the market and that is why all the people are trying to invest in BTC.

[phutakami]

Recently there are many new ico potential. We have to use the money to buy bitcoin then use bitcoin to buy the virtual currency of ico. So btc prices increased

[Lieldoryn]

The news tell that this pump is caused by the fact CME and some others will start trading Bitcoin Futures Contracts.
From my understanding this means that real traders will start playing with Bitcoin on their trading platforms. I am not into trading (edit: I mean wall street-like trading) so this is unfamiliar territory for me. I'll paste a link for more reading: https://www.coinspeaker.com/2017/11/02/bitcoin-price-climbs-7000-first-time-ever/

You understand correctly. Buyers will need a very large amount in bitcoin and this will mean that the demand for bitcoin will grow. This is what we see now. How long it will last I don't know, but I like it. I'm happy to see such news. The more opportunities to trade and buy goods with bitcoin, the less power will be able to stifle bitcoin.

[yugyug]

there are several factors that affect the bitcoin price today, one is the amazon naming new domain name related to cryptocurrency  like amzaonethereum.om and amazoncyptocurrency.com and amazaoncryptocurrencies.com. amazon has been eyeing bitcoin and cryptocurrency long time ago but they are still waiting for the perfect timing because it is still not popular to use crypto at this moment.

[lucemferrum01]

Well maybe the amount of people who wants bitcoin that increases the bitcoins demand with minimal supply.

[sukamasoto]

Recently there are many new ico potential. We have to use the money to buy bitcoin then use bitcoin to buy the virtual currency of ico. So btc prices increased

And for now bitcoin start to decrease a bit and yeah recently many ICO try to obtain this benefit in order to gather more investor

there are several factors that affect the bitcoin price today, one is the amazon naming new domain name related to cryptocurrency  like amzaonethereum.om and amazoncyptocurrency.com and amazaoncryptocurrencies.com. amazon has been eyeing bitcoin and cryptocurrency long time ago but they are still waiting for the perfect timing because it is still not popular to use crypto at this moment.

Amazon really attract many people , some of them may be investor and they will start looking a bitcoin because as we know,  Amazong accept bitcoin !

[lisalipps]

In my opinion this is whale games all the time. There were loud news earlier but the price did not change significantly. I have been watching loads of youtube videos with "experts" and looks like none of them really understand what is happening. Whales will pump up the price before the fork, noobs like me will experience "fomo" thinking that the fork has nothing to do with the price rise, its the news. The only thing I have understood is that nobody knows what will happen next, and we should not follow anyones advice.
If Amazon will start accepting Bitcoin - what is going to change? Non crypto people will still pay with $, and I doubt many of you will spend precious BTC there too.

[Barbarian]

Personally I think this is a delayed response to the bitcoin gold fork, after the fork not much happened as if there was no fork but now it seems we are seeing the price going up due to that, so it seems the prediction that many people in the forum had about the price of bitcoin going up even higher after the fork was correct.

[degaga15]

I think the cause of rising bitcoin in market coin prices increases, investment increases, bitcoin sales more and more sponsors may also exist.

[Lompe]

I sincerely hope that it is not the pseudo-rumours of Amazon accepting Bitcoin soon, because it is indeed false...

[liuqi]

Personally I think this is a delayed response to the bitcoin gold fork, after the fork not much happened as if there was no fork but now it seems we are seeing the price going up due to that, so it seems the prediction that many people in the forum had about the price of bitcoin going up even higher after the fork was correct.

Bitcoin gold splitting up not yet been completed and we cannot say that its value will decrease in future because there is no price falls in being take part.
I think there might high amount adoption taken on bitcoin but there is no any news like that in coindesk or cointelegraph.
However, utilize this situation and buy some low cost potential altcoins with the bitcoin. I am sure anyboday can lum some money.

[swogerino]

I think it is because of the publicity we are seeing all over the internet, in every web page I open or I have some research to do for my work or personal reasons I see ads of bitcoin. Some are cloud mining ads which are to cheat newbies but some of them are ads of some real websites offering some services for bitcoin. A lot of persons may have clicked these ads and become more curios about bitcoin. I think it is this has led us to more adoption and we are seeing the biggest price of bitcoin ever until now.

[Bitcoin Guy]

In my humble opinion, two things:

1. Bitcoin Moves Toward Mainstream, Poised to Join Oil, Gold in Futures Trading
https://www.wsj.com/articles/cme-planning-bitcoin-futures-market-in-big-endorsement-of-digital-currency-1509459517

This is a good milestone for Bitcoin adoption as it is moving toward mainstream.

2. The coming Segwit2x fork

With the Bitcoin Cash fork example, many people have begun to welcome fork instead of fear it because they can get more airdrop coins that will worth something (5 to 10% of BTC?).

[pri3oner]

it's clear as a day! DIRTY money comes over and over again into crypto form. It's the biggest and the newest offshore vault ever.

[classicsucks]

Well did anyone notice that Bitfinex is the BTC 24h volume leader ($669 million)?  And did anyone notice that Bitfinex subsidiary IDNI just conjured another $25 million worth of USDT Tethers from thin air? That would explain the pump to me.

And it would confirm that this is likely a bubble, and/or a concerted effort to pump BTC price before the 2x fork.

[bitcoinveda]

Bitcoin 7000 dollars news U.S.-based derivatives marketplace operator CME Group plans to offer bitcoin futures later this year, a notable announcement

[dmamigo]

I think it is because of the publicity we are seeing all over the internet, in every web page I open or I have some research to do for my work or personal reasons I see ads of bitcoin. Some are cloud mining ads which are to cheat newbies but some of them are ads of some real websites offering some services for bitcoin. A lot of persons may have clicked these ads and become more curios about bitcoin. I think it is this has led us to more adoption and we are seeing the biggest price of bitcoin ever until now.

Mostly the recent huge addition of investors is one of the reason basically, which ofcourse happened due to huge publicity all over the internet. Rumors are their many big players have recently entered the market, if its true that might be another reason. Many analysts are even promoting it as a good asset class, which is leading their followers to acquire BTC and thus the rise is pretty obvious as demand is getting higher.