nipunchathu123 (OP)
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November 06, 2017, 05:34:33 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Emoclaw
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November 06, 2017, 06:07:01 AM |
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Because there is a growing demand for it although I wouldn't be surprised if we crash back down to $5000 which may or may not happen.
As more and more people realize what Bitcoin is and why it's so valuable, more and more people are buying it.
But we haven't even started yet, people right now are buying Bitcoin just so they make money. When they actually start using it as a currency the value will go up exponentially higher than it is today.
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sofakingporkhunt
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November 06, 2017, 06:08:26 AM |
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Whales and fresh money repeat
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ludygiram1011
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November 06, 2017, 06:09:37 AM |
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It's not surprising, I think, mainly because more people are paying attention to bitcoin now, and the number of people who know and invest bitcoin is a lot more than that in the past few years. Maybe 1000 dollars by the end of 2017  |
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Cjbrinces11
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November 06, 2017, 06:10:37 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
Because the demand are still growing and It will be popular right now, many are buyer and seller and I wont ve shock soon if it will rise its price soon. |
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Geemy
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November 06, 2017, 06:13:33 AM |
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more investor have know more about bitcoin so buying it more , and also the ' Rumors ' make it strong .
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iluvpie60
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November 06, 2017, 06:13:46 AM |
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Because there is a growing demand for it although I wouldn't be surprised if we crash back down to $5000 which may or may not happen.
As more and more people realize what Bitcoin is and why it's so valuable, more and more people are buying it.
But we haven't even started yet, people right now are buying Bitcoin just so they make money. When they actually start using it as a currency the value will go up exponentially higher than it is today.
It should go back down sometime after the fork. There isn't much going on in the Bitcoin world when you look at transactions and how the backlog is taken care of in a short amount of days. Yes, having 2MB blocks with segwit will certainly eliminate that almost entirely(miners will get less fees and hate that for now). But the demand itself right now is high due to the forks that have been happening. Fork for bitcoin cash = free money(it was up to like 900 USD at one point) Fork for bitcoin gold = free money (up to 150 USD?) Fork for bitcoin segwit2x = free money (looks like it was trading at .1 btc per segwit2x future) After these forks are all done, then what? No real significant upgrades. The platform is already secure, transactions go through, not much more to be done to bitcoin for the next year or so? Demand should fall, causing price decrease. |
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Flor1982
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November 06, 2017, 06:16:29 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
Simply because bitcoin become more popular this year specially after the hard experiences that encountered this year like Segwit, China ban and JP Morgan criticism in which these challenges helps bitcoin to become more known in the whole world that instead of to falldown it rise up and makes people trust bitcoin more as promising investment resulting to lot of investments are pouring in. |
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jilani
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November 06, 2017, 06:25:37 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
Many peoples now try to involved in Alt coin platform and if anyone want to join alt coin platform firstly buy Bitcoin after that buy alt coin by BTC.Main reason is BTC user rapidly increasing. |
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arteeezy
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November 06, 2017, 06:30:16 AM |
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Because bitcoin is getting popular and I think many peoples are paying attention in bitcoin now. And the count of people that invest bitcoin. I think the $ per bitcoin is getting large too at the end of this year.
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momopi
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November 06, 2017, 06:31:05 AM |
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I would say because of awareness. This is one of the reasons why BTC price is really high and I would expect it until this last month of this year. Because of awareness, demand is really high and many people converting their cash into digital currency. We may also consider big whales who are playing on BTC and I hope they dump it till next year  |
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Kakmakr
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November 06, 2017, 06:33:28 AM |
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In 2016 the community was at war with each other and we had massive spam attacks on the network. The new users were confronted with very long transaction confirmation times and a very hostile environment. Since then SegWit was implemented and things calmed down a lot. The confirmation times improved and we had two successful forks. < Bitcoin Cash & Bitcoin Gold >
The latest price increase are linked to bigger investors from Wall Street that are entering the scene. Institutional investment will drive up the price a lot. < Money from investors in the old FIAT system > ^smile^
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Ridwan Fauzi
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November 06, 2017, 06:49:52 AM |
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Certainly with people's confidence in bitcoin that causes higher bitcoin values. Many new investors are interested in bitcoin, and I'm sure the future bitcoin value will be higher.
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maulana rifai
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November 06, 2017, 06:50:48 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
I think bitcoin provides such great benefits in the economic, sector so bitcoin is increasingly in the interest of the community. and increasingly popular this is what keeps the price up. |
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Theb
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November 06, 2017, 06:57:43 AM |
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I guess the price increase of Bitcoin this year is due to the noise it is creating with the mass media and also in the social media as what it has done is it made people aware and also interested that something like this existed on the internet. With Bitcoin exchanges having hundred thousands of new traders everyday and still growing you will know that a lot of people are interested to get their hands on Bitcoin. I just hope that this quick rise will not result into a quick fall, but let us be prepared for what is coming.
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cramcram21
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November 06, 2017, 07:13:11 AM |
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I think the reason is the number of the investors are increasing and so the demand for it is also rising,
I think that is the main reason why the price is increasing highly this year.
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NUFCrichard
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November 06, 2017, 07:19:19 AM |
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The price has risen largely because of ZIRP, over-bought stock markets and suppressed metal prices.
There is a lot of free capital lying around that is looking for returns. They can't really get anything out of any other markets at the moment, so some started punting on Bitcoin.
The price went up due to those punts, then as the price went up, more people started investing. Basically that is where we are now. The high price doesn't really help Bitcoin's function and Bitcoin doesn't really work as a currency and isn't needed as a store of value, so it is used speculatively.
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jerowacik
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November 06, 2017, 07:25:27 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
Simply now the number of Bitcoin users is increasing and this automatically makes the Bitcoin demand in the world increasing. people believe in Bitcoin and now the growth of the sector using Bitcoin is increasing. So this is the main factor that makes Bitcoin price increase, I am very confident and sure that this trend will continue to happen and increase every time. Maybe next year we can see the price of Bitcoin reach 10.000 $, It could all happen because Bitcoin often make the impossible become a reality. |
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eann014
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November 06, 2017, 07:30:56 AM |
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In my opinion many investors open their doors in bitcoin. They invested some of their capital in it especially to those business men. Even small investors are big help to make bitcoin price increases. It is very indemand nowadays since bitcoin started to more popularize itself.
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Agostosmori
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November 06, 2017, 07:32:29 AM |
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In 2016 January BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?
Main reason why bitcoin price are always hitting ATH every time is because more people are now aware about bitcoin and they know its future is bright for an investment. And almost all of the issues that was made against the coin was neutralized and won by the coin which made investor trust the coin more. |
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