Why Bitcoin going up?

[johnwing]

Why is bitcoin going 3% up each day?

[1715165845]

1715165845

[Scorpion]

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

[BlueSword]

There's some speculation that people want to get bitcoin before the fork so that they get money on both the incumbent chain and the SegWit2x chain.  After the fork, it's to be expected that the price will drop.

[RGBKey]

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

I'm afraid that people don't realize how different the 2x fork is going to be. It's going to be a lot messier and a lot of people that don't know what they're doing are going to lose money trying to split their coins. I'm anticipating a drop after the fork.

[tryer12]

CME Announcement brought 100K new users to Coinbase.com which is one of the largest bitcoin's exchanges. Which caused a big "boom" to bitcoin's value.

[faithupgrade]

It goes up until the fork. After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.

Why is bitcoin going 3% up each day?

[Rinsend]

There's some speculation that people want to get bitcoin before the fork so that they get money on both the incumbent chain and the SegWit2x chain.  After the fork, it's to be expected that the price will drop.

so true.
all this happens because of hard fork that happened.
human sensitive with anything free.
because most crypto users already know that segwit will form a new coin that was born and will be distributed for free.
then they all choose to hold bitcoin until the occurrence of hardfork

[Jating]

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

[Pettuh4]

Every time there's a big hardfork coming people sell a bit of their altcoins back for Bitcoin in anticipation of getting in on the hardforked coin, because they will get a 1:1 split on each blockchain. I also think because there was big new from the financial sector with CME Group announcing news they'll provide services for Bitcoin futures got new people into Bitcoin.

I'm afraid that people don't realize how different the 2x fork is going to be. It's going to be a lot messier and a lot of people that don't know what they're doing are going to lose money trying to split their coins. I'm anticipating a drop after the fork.

Well there's always been drops after a fork but it somehow finds its way back up because those that abandon bitcoin on;ly give others the chance to own them and so the price eventually rises back to defy the odds. You might be right about your anticipation but that is not going to be the end of bitcoin.

[mast3rm1nd]

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

[RGBKey]

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

I'm quite sure that was disproven after they held their meeting and it wasn't announced that they were adding support.

[Cryptosaphire18]

It goes up until the fork. After this there will be a huge crash. If it happens that you place your sell order at the top with 100x and it dropped from 8k to 5k that would be a huge profit.

Why is bitcoin going 3% up each day?

Bitcoin goes up by the help of many people work here in this online job. If it happens that bitcoin someday has a huge crash there is a possibility that the 8k by now goes 5k and it was the biggest down of bitcoin. But right now for me bitcoin really goes up by the help of many people by posting something that they knoe about this online job.

[bakekang]

Why is bitcoin going 3% up each day?

I think its because of the upcoming fork , more and more people are buying bitcoin becuase of the segwit2x fork which only means bitcoin demand is rising so even the price of it.

[Gotomoon]

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

Yes because people wanted to have profit by then the hard fork will start. At least any percent users will grab its opportunity to earn by buying bitcoin. As of now bitcoin price is increasing so it is the reasons why continue to increase.

[ladydark]

Why is bitcoin going 3% up each day?

There are lots of factors for the price rise.
1.Upcoming segwit 2x activation when a hard fork is expected and so free air drop and free coins.
2.CME announcement that it would release BTC ventures.
3.People finding bitcoin as the best way to double or triple their investments within a short period.

If segwit 2x fails to get enough support,then bitcoin price would trigger.

[faithupgrade]

Ok I guess this is the real reason of pump.

there is a big fork coming and the majority of people want to have as much bitcoin as possible so that they can get guaranteed profit. even if the b2X coin is worth only 0.01 bitcoin it is a good 10% profit. who doesn't want that ??

Yes because people wanted to have profit by then the hard fork will start. At least any percent users will grab its opportunity to earn by buying bitcoin. As of now bitcoin price is increasing so it is the reasons why continue to increase.

[btc_angela]

Why is bitcoin going 3% up each day?

There are lots of factors for the price rise.
1.Upcoming segwit 2x activation when a hard fork is expected and so free air drop and free coins.
2.CME announcement that it would release BTC ventures.
3.People finding bitcoin as the best way to double or triple their investments within a short period.

If segwit 2x fails to get enough support,then bitcoin price would trigger.

I think the main driver for this sudden pump in bitcoin is really the segwit2x implementation. I'm not sure though how can we claim this free coins once again. Too many forks sometimes its really getting out of hand. I also heard that there will be another one in December called Bitcoin Silver now.  

Why is bitcoin going 3% up each day?

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

I'm quite sure that was disproven after they held their meeting and it wasn't announced that they were adding support.

Any rumor is good for the market because it is based on speculation.

[0x417jpq]

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the  BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

[player514]

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the  BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

I could see this being an accurate representation of what actually goes down. I think, however, people for the most part know that the forked coin will not be much to think about. It seems like for the most part, people learned that the forked coin will not be as popular as bitcoin just through what went down during the bitcoin gold fork.

For the most part, I see most of this happening. I don't know how much of a drop we'll actually see, but hopefully it's not too bad. January should be a good time for BTC, considering the drop from this fork could continue on for a month.

[MrZ28s]

My guess about what will happen the coming weeks:

Monday 6th - Friday 10th the price will continue to go up.
Late on Friday or on Saturday some new anouncements regarding segwit2x will be made which will indicate less support, therefor making the success of the fork even more shaky.
From Saturday 11th and/or Sunday we see the BTC price stagnating with even a small to moderate decline.
Just before the fork the price of BTC continues to fall in single digit numbers.
Once the fork has happened and the negative news regarding segwit2x will come in, the  BTC price will take a double digit nose dive - this decline will last till early december.

After December 5th the price will stabilize and double digit gains will be made all the way into the new year.

What happens in January? - I find this hard to predict at the moment.

I could see this being an accurate representation of what actually goes down. I think, however, people for the most part know that the forked coin will not be much to think about. It seems like for the most part, people learned that the forked coin will not be as popular as bitcoin just through what went down during the bitcoin gold fork.

For the most part, I see most of this happening. I don't know how much of a drop we'll actually see, but hopefully it's not too bad. January should be a good time for BTC, considering the drop from this fork could continue on for a month.

It will be interesting to see how the segwit vs segwit2x war ends. I am still holding my Bitcoins since I still expect it to continue its rising price. I'd been actively monitoring   speculations and most people are seeing this coming fork as free money. Now I realized that if Bitcoin Core retains its control in the network then Bitcoin will have another heavy rally.