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Author Topic: Did Bitcoin price rise that fast because of ICO's / Forks?  (Read 766 times)
ladydark
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November 18, 2017, 11:37:50 PM
 #21

Did Bitcoin price rise that fast because of ICO's
and Forks?
There are various factors responsible or the rise in bitcoin price.CME announcing that it would release bitcoin futures mainly triggered the market.Forks cause bitcoin price to rise temporarily for that instant because people want to claim free coins issued after the forks and so they buy bitcoins before forks.

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November 18, 2017, 11:52:12 PM
 #22

Did Bitcoin price rise that fast because of ICO's
and Forks?

Yes of course it is one of the reason why the Bitcoin's price increased in the past year because with the ICO's that occur that made different kind of advertisement online to get some investments for the people in the internet that for me affects also the publicity for Bitcoin as it is the most valued cryptocurrency. Forks have also a big part of the growth of Bitcoin as it offers a free coin for the Split so people will be attracted to invest to it in expecting that they will get an equivalent value of their Bitcoin to a newly Fork coin.
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November 19, 2017, 12:05:42 AM
 #23

Did Bitcoin price rise that fast because of ICO's
and Forks?
Maybe part of it, but I guess billionaires or other countries starting to adopt bitcoin legally. we're on the tip of bitcoin will see the next few years. Bitcoin will rise up very soon and will reach the amount of 10,000usd
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November 19, 2017, 12:20:32 AM
 #24

probably massive investments from some whales?
bitcoin is getting more and more integrated into the traditional economy, and some of really big but conservative-thinking business maybe just starting to trust in it. i hope  Wink
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November 19, 2017, 01:41:00 AM
 #25

While it is difficult to pinpoint exactly why, I doubt it is just because of ICOs and forks.  Most token sales are happening on Ethereum.  Granted ICOs now a days are flexible enough to accept BTC or ETH, it doesn't make sense to see BTC skyrocket and not ETH (if the reason was due to ICOs).  As for forks, the most common speculators/investors don't care about forks nor do they even know how to profit from them.

ICOs and forks are not the reasons why Bitcoin is pumping nowadays. Maybe Bitcoin is now being more popular and trusted by the investors. The Central Bank in our country already acknowledge the potential of Bitcoin and I can see more Bitcoin related topics in the news. Other countries are now starting to adapt and accept Bitcoin and it is leading to demand increase. That is the reason that I can think of why Bitcoin is skyrocketing now. I won't be surprised if its value will increase more in the coming years.
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November 19, 2017, 01:51:17 AM
 #26

Did Bitcoin price rise that fast because of ICO's
and Forks?

I think the reason is because of the postponement of the segwit2x activity in which people are afraid of this event and now that it was cancelled people who are just waiting to ensure the safety of their investment are coming out and make the buying demand increased. Before the fork, mostly speculated here that bitcoin will slightly fall down and it will bounce back after the fork so it is happening now but the difference is the fork was cancelled.

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November 19, 2017, 02:09:11 AM
 #27

See it was just meant to rise. I don't think it rose because of ICOs. And many people bought into bitcoin because of 2x segwit
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November 19, 2017, 02:17:24 AM
 #28

I think ICOs and forks are major news that drive rise in bitcoin value. As more awareness is created, more people take note and embrace crypto one way or another. Bitcoin gains because it is bitcoin that is the focus when the news is crypto.

I write articles, whitepapers and coordinate ICOs.
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November 19, 2017, 08:42:49 AM
 #29

The price of the original bitcoin is now increasing for many reasons. First of all, because a significant part of the population knows practically only about bitcoin and they simply do not know about another crypto currency. Therefore, the popularity of bitcoin is still high and he is given preference by inertia. Also, the growth rate of the original bitcoin is affected by his regular forks, which result in his free clones being created, which is large compared to the altcoy cost. Many want to get a free coin and therefore buy bitcoin. Not the least role in increasing the bitcoin's course is played by its volatility. As for carrying out numerous ICOs, in my opinion, they do not have any serious influence on the price of bitcoin, since these processes are not interconnected.

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November 19, 2017, 08:55:02 AM
 #30

I think so because ICOs spent lots on advertising to attract new people into crypto.

Once these ICOs start failing big style I suspect the opposite effect.
Most of the ICO are not correlated to bitcoin as the majority of them are based on ethereum so Initial coin offering has nothing to do with the pumps, Forks maybe, because some Investors are focusing in other altcoins then there is an announcement that there will be a bitcoin fork for example bitcoin silver, of course when we heard fork it's free money just store you btc where keys are safe then after the fork claim it easy money you say. But for me the main reason why btc is pumping so fast is because of the adaption and trend to different businesses and companies who are planning to use btc for their services added by some countries acceptance of btc like Philippines and Japan and the support of different big personalities Not Jamie Dimon.

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November 19, 2017, 08:58:40 AM
 #31

in fact, no one really knows for sure can not
but a large number of alternatives of coins and the weight gain of bitcoin in comparison with them undoubtedly give him the possibility of growt
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November 19, 2017, 09:07:24 AM
 #32

Did Bitcoin price rise that fast because of ICO's
and Forks?

The rise in the price of bitcoin is a combination of several factors that its even difficult to pick one factor as the one responsible for certain percentage of the increase. For ICOs increase can be credited to them, the workable ones though because most of time carry out lots of campaign both online and offline which touch the majority of those that are not within the bitcoin net, they evaluate and decide to give it a shot but they cannot do that with fiat so they had to come in through bitcoin for those that accepts.

In the case of forks, this is mostly applicable to insiders, for someone who had one BTC before the BTG fork would have a bonus about $150+ now in addition to his BTC so this accounted for another increase in the price of bitcoin in my opinion.

 
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November 19, 2017, 09:11:23 AM
 #33

Yes I believe so I never seen bitcoin jump around $1000 in a month before this forks happens, I believe it is the desired of people to get some sort of free money that's why they invested so much in bitcoin during the forks , ICO is different story but I think they also contribute to the rise of bitcoin since people need to convert there money first in bitcoin before they could buy/invest on some ICO's tokens
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November 19, 2017, 09:17:02 AM
 #34

Did Bitcoin price rise that fast because of ICO's
and Forks?

The rise in the price of bitcoin is a combination of several factors that its even difficult to pick one factor as the one responsible for certain percentage of the increase. For ICOs increase can be credited to them, the workable ones though because most of time carry out lots of campaign both online and offline which touch the majority of those that are not within the bitcoin net, they evaluate and decide to give it a shot but they cannot do that with fiat so they had to come in through bitcoin for those that accepts.

In the case of forks, this is mostly applicable to insiders, for someone who had one BTC before the BTG fork would have a bonus about $150+ now in addition to his BTC so this accounted for another increase in the price of bitcoin in my opinion.

Indeed, there are a bunch of factors which influence the price of bitcoin. Both ICO's and hard fork give a significant role in regard with the bitcoin price increases recently. But there are still many factors outside those two things.

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November 19, 2017, 12:58:29 PM
 #35

Did Bitcoin price rise that fast because of ICO's
and Forks?
Do you think that there is any logical link between ICOs? I would rather say that ICOs and Ethereum are linked as ICOs tend to use Ethereum's blockchain.
If your theory of ICO boosting is influencing price of BTC then the price of ETH should be shooting through the roof already.

Forks from the other side may have real influence here - most people would buy bitcoin in anticipation of airdrop - which effectively boosted the price of BTC.


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November 19, 2017, 02:46:06 PM
 #36





Did Bitcoin price rise that fast because of ICO's

and Forks?





Im pretty sure that the reason was not ICO at all. The ICO's are shit thing and they only dump the prices of bitcoin because people are more often do the pumping and dumping of the coins in the alt coin market leading to negative effects on the bitcoin market cap. When we think about the one coin or two then it doesn't affect but the thing is everything is happening on the mass scale.




Anyway, the fork it was the prime reason last to last week as people were in the desperate need of getting the free money that was supposed to be distributed as the reward of the fork and support to the bitcoin. But the things went opposite and fork was cancelled. As people invested heavily at high rates of bitcoin now they can't think of taking off the investment that they had so the price is stable for now and may rise even more if the fork news comes over again.




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November 19, 2017, 03:54:21 PM
 #37

Did Bitcoin price rise that fast because of ICO's
and Forks?

ICOs have nothing to do with bitcoin. The ICOs are created on ETH platform and not bitcoin. It doesn't support creation of such coins or toekns or smart contracts. I believe the recent price rise and stability comes from the positive news market received. A NASDAQ listed company known as "CME group" has announce to float bitcoin futures contract and the final level of approval is now with SEC. Secondly, a billion dollar valued hedge farm "Man Group" has announced to invest in bitcoin and float another crypto currency hedge fund. A big payment solution provider "Square payment" has started accepting bitcoin as a payment option. So these news of main-stream adoption created a lot of positive impact on the market and the bitcoin price. That's the reason behind the recent rise of bitcoin, I believe!

   
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November 23, 2017, 12:48:41 PM
Last edit: November 23, 2017, 03:11:27 PM by bitconemy
 #38

But, does - for exemple - the need for bitcoin, to cash off STEEM, make the price of bitcoin higher.

And so on for other ICO currencies. Same for ICO->ETHER->USD

So, in that way, do ICO coins drive up the price of BTC/ETH
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November 24, 2017, 01:12:47 PM
 #39

All those factors you have mention contributed in the escalation of bitcoin price. The more ICO that comes up. the more people will buy bitcoin to use in participating in the ICO.
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November 26, 2017, 01:06:22 PM
 #40

too much honor
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