Why Bitcoin going up?

[Coffee135]

Bitcoin is unstoppable now with the price that increases daily. This means people are continuing into buying of bitcoin and this means the demand is growing. People are even buying btc because of this hard fork to increase their investment.

For now the price is a range bound and have actually recovered from 7k levels to 7200 $ approx now trading at. This is a good sign and hope this can maintain itself at this level with the fork coming up shortly and expect the price to rise like the last time and make some money out of this fork.

It would have been nice but unrealistic. After each fork bitcoin price falls. I think that this time will be the same. Only this time, we can observe a more prolonged decline in prices. I hope that the confrontation of miners with the developers will not grow into a phase of active confrontation.

[Wagako]

Why is bitcoin going 3% up each day?

I think that is because the number of users and investors makes the bitcoin price higher. Popularity makes the bitcoin unstoppable and become the strongest cryptocurrency. So at this moment i realize that i should hold my bitcoin before so that i will gain more profit.

[erickastella]

Why is bitcoin going 3% up each day?

some ppl sell their altcoins for get bitcoin and trying to hold on btc.
but i guess , bitcoin supply its just 21M , and the users maybe x10 than the supply , maybe more.
this reason make bitcoin popular and a lot ppl trying to buy btc , and all holders of btc trying to sell btc with high price , everyday btc price is raise up.
Just my opinion.

[Ardenoss]

Excessive demand drives btc continues to rise as well of alt holders that are to return on btc. Until make btc really grows very well these last few days.

[spngebob]

Why is bitcoin going 3% up each day?

There could be several reasons for that;
1) hard fork
2) community is getting bigger and more people are buying bitcoins
3) to many hodlers no one is selling
4) someone is pumping it
5) All of above.

[saqibmunir]

Excessive demand drives btc continues to rise as well of alt holders that are to return on btc. Until make btc really grows very well these last few days.

because of the coming 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.every one want this profit..this is the reason..

[terrific]

Why is bitcoin going 3% up each day?

Many people are buying and getting themselves involve for the upcoming fork. There are also so many good news that are pushing people to buy more bitcoin as they don't want to miss a big pump to bitcoin soon. Everyone is just preparing themselves to whatever possibility that will this fork will bring up. The only thing that is coming to the minds of the new investors is that bitcoin will be flying up to the moon so as early as now, they are keep on buying.

Bitcoin goes up because of the help of other people working here online. Other people never notice this but they are the reason why bitcoin goes up in about 3% up each day. They are the reason why bitcoin goes in a higher price now and we all know that sooner or later their is a possibility that bitcoin price must as higher as now that people working here brings. Everyone who is interested in here has a great talent to have right to work in this job. They always think that it will becomes much higher as soon thats why they always keep on buying bitcoin.

Not only the people here who works online are the main reason why the price of bitcoin is pumping but it's mostly because of the whales that are buying more or it's simply because of the high buying volume in exchanges. The 3% increase of bitcoin's price everyday is really something that's hard for me to explain but to believe that it's because of those factors, the opposite reaction can happen effectively too and might happen even worst from what we usually experience.

[Hallmader]

Why is bitcoin going 3% up each day?

It is not 3% each day but there is a very consistent growth for Bitcoin right now. This is mostly brought by the upcoming fork which is deemed very important for Bitcoin holders. For the past instances of Bitcoin Cash and Bitcoin Gold, there are free of these two kinds of coins to the Bitcoin holders. That is why, right now that B2X is coming, people are rushing to shift to Bitcoin in order for them to avail of the free B2X coins. The demand therefore rises.

[jerowacik]

Why is bitcoin going 3% up each day?

It is not 3% each day but there is a very consistent growth for Bitcoin right now. This is mostly brought by the upcoming fork which is deemed very important for Bitcoin holders. For the past instances of Bitcoin Cash and Bitcoin Gold, there are free of these two kinds of coins to the Bitcoin holders. That is why, right now that B2X is coming, people are rushing to shift to Bitcoin in order for them to avail of the free B2X coins. The demand therefore rises.

Bitcoin price movements can not be ascertained because sometimes it decreases significantly, increases significantly and Bitcoin prices can be stable in a long time. one to note is the emergence of B2X which can make some speculation, It could be bitcoin prices decreased and could be increased. but when the demand factor is still high and also the public trust to Bitcoin is still big then I am sure bitcoin price will not decrease significantly. even if bitcoin can continue to be developed and applied to various financial aspects of the world then I am sure that Bitcoin can reach its heyday as a legitimate currency.

[shalnark]

Why is bitcoin going 3% up each day?

There could be several reasons for that;
1) hard fork
2) community is getting bigger and more people are buying bitcoins
3) to many hodlers no one is selling
4) someone is pumping it
5) All of above.

I agree, bitcoin community will growing up so fast that's why bitcoin value was grow up too. In addition due to high price of bitcoin in the market, more capitalist were attracted to invest because they were surely that bitcoin value will become more in demand in the future.
Definitely I was invest more today because I was expecting raising up bitcoin value for this coming days.

[suvo05]

Why is bitcoin going 3% up each day?

The main reason it lots of new people are getting connected to bitcoin each days so the demand is continuously increasing ,which causes the price keep growing.
 And there is a upcoming fork in the next month and the altcoin market is very low at the moment. So investors have more faith in btc than any other coin, now.

[jagdeepjd]

Why is bitcoin going 3% up each day?

More people adopting crypto in general. Majority of people start by "investing" in btc. at the moment there is more to it as there is a hard fork due in mid of november so people who missed the free bitcoin cash in august ended up grabing (or still waiting) bitcoin gold in october are up to grab the opportunity for segwit2x too .

Also there was amazon news too which helped to soar btc too which in result has placed bitcoin in the eyes of many new people which are getting into cryptocurrency .

[Cranidos]

Why is bitcoin going 3% up each day?

Perhaps this is due to the continuous increase in Bitcoin's demand because people are getting ready for the upcoming fork (cancelled now). The increase in demand is the only factor that would provide justification to the exponential increase in Bitcoin's price. We should be aware that Bitcoin is not yet that popular around the world. And since Bitcoin is progressing in this matter, the increase is not shocking at all.

[Metrocybe]

Why is bitcoin going 3% up each day?

today bad news for Segwit2X make price up more than 400$

[soname12]

bitcoin has a fork in November so before that the coin price would rise quite high and there are many decks and online wallet supporters receiving coin after the fork so many investors invest a large amount of capital to buy bitcoin led prices will rise

[Shint]

I think it is because of the hardfork that's still on going though they canceled it on no time, i wonder what it could be that make them stop it. BCH or BCG i think we bitcoiners would be going to split if we have to support either 1 of these alts.

[blockman]

Why is bitcoin going 3% up each day?

today bad news for Segwit2X make price up more than 400$

It's down again at $7,300 and this made every single trader to be confident with the alt coins. They jumped already and pumped some popular alt coins out there, too bad that I was into a nap a while ago and did missed the chance of buying some bleeding alts. Anyway this is just a very few reason why bitcoin is up before because of the cancelled fork but know there's no more worries of taking over the network and choice on what chain to support. This bring up everyone's confidence to buy some more bitcoin.

[Pettuh4]

Why is bitcoin going 3% up each day?

Perhaps this is due to the continuous increase in Bitcoin's demand because people are getting ready for the upcoming fork (cancelled now). The increase in demand is the only factor that would provide justification to the exponential increase in Bitcoin's price. We should be aware that Bitcoin is not yet that popular around the world. And since Bitcoin is progressing in this matter, the increase is not shocking at all.

Well it's due to the consistent global adoption of bitcoin because it seems to grow consistently in recent times but it took a deep dip about three days ago ansd hoping to see it recover some time this week.

[KalaiBTC]

Why is bitcoin going 3% up each day?

Everyone has been chasing to get more bitcoin before the hard fork and that's the closest so far that I can give. And have you seen the price starts to get down again? Care to ask why the price starts to decrease now?

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

Waiting for this moment but there seems to be a lot of support for Segwit2x but everything can possibly change before and after the hard fork, I hope price will be triggered to climb after this.

As we know recently bitcoin is legal in India and amazon also accept bitcoin same few more countries have accepted bitcoin so there is no doubt that bitcoin users have been increased so when the trade Will be increased so definitely price will be also increased so I think that is the reason that the price is going up day bay day.

[Granxis]

Cancellation of Segwit affected the price of Bitcoin positively, almost all Altcoins prices started to rise because people turned to Bitcoin to earn free money and then returned to the old order.