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Barbarian
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November 16, 2017, 11:20:56 PM |
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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!
I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year. Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable. Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region. It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go. |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Armstand
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November 17, 2017, 02:47:43 AM |
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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!
I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year. Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable. Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region. It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go. They back on truck, groups of dumpers and pumpers were too good on influencing users now, maybe they already bot some when they male it dump and now its increasing and setting new record, i wonder how they do it. |
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Sorliand
Newbie
 Offline
Activity: 50
Merit: 0
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November 17, 2017, 11:45:55 AM |
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High demand make price high
now many sites start to support bitcoin so that price break 7000$
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gilangIDR
Legendary
Offline
Activity: 1526
Merit: 1001
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November 17, 2017, 12:25:24 PM |
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High demand make price high
now many sites start to support bitcoin so that price break 7000$
I agree with what you say that the demand factor becomes the most important part when we set the bitcoin price. Because of the greater demand, the greater trust in Bitcoin and this will automatically increase the Bitcoin price. Looking at the current conditions then we should all believe that Bitcoin prices will increase again, a lot of factors at the end of this year that could affect the price of Bitcoin. Perhaps rationally then I am very confident that bitcoin prices could reach $ 9,000 to $ 10,000 by the end of 2017. |
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Diced90
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November 17, 2017, 12:53:11 PM |
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Demand is high and people all over the world are finding the decentralized currency easy to use and fees for large transactions are basically minimal of which all can be done in your own comfort of your home. The raise could also be as a result of the festive events that are lined up.
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akram143
Full Member
Offline
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
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November 17, 2017, 12:58:02 PM |
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The reason for increase in the price is due to the increase in demand for the bitcoin.Now the bitcoin price already touched $8000 from that we can understand there is heavy demand for the bitcoin the price bumped $1000 in just two days.But still many people don't know about bitcoins if all the people started to investing on bitcoin then the price maybe $500K.
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traderethereum
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November 17, 2017, 01:48:50 PM |
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for some people, the increasing of bitcoin price is not makes sense but for the others, the price will be more higher than now but we don't know when it will happen. the only reason that i know is because people want to have bitcoin and they want to know bitcoin, they have passion to using bitcoin for the investment so they tried to buy in any of price and they are make sure that they don't be late to get into bitcoin world.
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javadsalehi
Member
Offline
Activity: 364
Merit: 13
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November 17, 2017, 01:58:20 PM |
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Demand is high and people all over the world are finding the decentralized currency easy to use and fees for large transactions are basically minimal of which all can be done in your own comfort of your home. The raise could also be as a result of the festive events that are lined up.
You are right about benefits of bitcoin such as decentralization. But I don't think that's why many people are investing in bitcoin and cause the demand to be high. There are many people that are investing in bitcoin, but they don't know what bitcoin is. They are investing because they think it will make them rich. |
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BUK2016
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November 17, 2017, 02:07:23 PM |
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So many are now become aware of bitcoin and its benefit in recent time and that increases the demand for bitcoin which has a positive impact on bitcoin value. Bitcoin recently hit $8000 and I believe the height will be sustain for a long time and may likely hit $10,000 in no time.
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senne
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November 17, 2017, 05:34:18 PM |
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I really cannot predict the main reason behind this. There can be many reasons behind it; maybe some illegal activities are pumping Bitcoin. Maybe Bitcoin is getting more and more investors and users every day due to all the attention it is getting in the market. Or maybe the fact that Bitcoin is being accepted by some multinational companies making news is initializing the growth rate and interest of multiple users. But all over the rising demand is one of the prominent reasons behind Bitcoin rising.
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Barbarian
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November 28, 2017, 09:53:13 PM |
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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!
I think things are going to change a little bit now that there is not going to be a fork, I think we are going to see a slight decrease in price now that the fork was canceled but even then I still think that the price of bitcoin is going to stay above 6000 and I think the price is going to recover before the end of the year. Either way the price will correct. Be it with the fork (which i read is still on) or no fork. This price rise is not sustainable. Let's just hope it don't crashes back to 3000 USD or so. But find solace in the 5000 USD region. It seems bitcoin is once again defying our expectations, it is going up once again and now bitcoin cash is going down, it seems speculators are finally done with bitcoin cash and are returning to bitcoin and this is driving the price up, we still have some time left in this year lets see how high the price of bitcoin can go. They back on truck, groups of dumpers and pumpers were too good on influencing users now, maybe they already bot some when they male it dump and now its increasing and setting new record, i wonder how they do it. They have a lot of money that is how they do it, they have a lot of bitcoin and a lot of bitcoin cash as well they pump the price and then they let the imagination of the people to do the rest, there were many threads in that week saying that bitcoin cash was going to replace bitcoin which it was not going to happen. |
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