Why Bitcoin is soaring?

[Fourgh]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

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[BitcoinHodler]

there has been a couple of news that has changed the game quite a bit. now there is a lot of money coming in from new sources which is increasing the demand and driving the price up.

i personally think the main reason is the CME news about adding a bitcoin market next month.
you can visit the speculation board to read more about what people are saying.

[evilgreed]

there has been a couple of news that has changed the game quite a bit. now there is a lot of money coming in from new sources which is increasing the demand and driving the price up.

i personally think the main reason is the CME news about adding a bitcoin market next month.
you can visit the speculation board to read more about what people are saying.

             Well some haters would probably think this is another hype or just bubble. Personally due to many good and positive news and so many promotions and advertisements of bitcoin, maybe or probably the main reason why the price skyrockets, and due to this increasing demand by new investors it does affects tge price and rises.

[Latviand]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

maybe the reason why the bitcoin is soaring because there are many or new investor and bitcoin user so that the price is rapid changing to the higher.but we know that it is not continue. bitcoin is fluctuating so we must know that the soaring price of it is limited and sometimes it cause an negative when the price drop down the other was got panic in the price. but the soaring of the bitcoin when i do research and survey they said it because of the user and investor rich

[jackinana]

Bitcoin is flying high right now because it serves the people. When my clients pay me I don't have to wait for bank delays anymore. No more middle man taking a cut from my hard earned money. It helps us working folk.

[haiyou]

Apply the capital market in a word: for less than demand will prompt price increases, of course, capital markets there is a word: the power of the trend can not be underestimated, whether it is up or down.

[Gens09]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

I guess it is becoming more popular in the coming uears obviously because it is more powerful than the other technology obviously this concept or idea of the developer of the bitcoin is really a great discovery in this kind of eay easy it will become easier for everyone of us to send money to everyone in the world that just having a small amount of fee.

[SUDARMONO]

it is true that bitcoin is always increasing in price, the reason for the bitcoin spike due to the number of bitcoin demand and the addition of bitcoin market, this shows that bitcoin is indeed the currency of the future that can make rich investors.

[moudazhang]

The number of bitcoin is fixed, and its value will be higher and higher

[Passive Coin]

Total fixed supply, up to 21M.
The game played by supply and demand forces are showing us this outcome.
A lot of people (like me) hold BTC for long-term and do not want to sell cheap.
So, buyers compete to buy for limited quantity of BTC on the market - this way price must go up.
BTC is also fueled by growing crypto-revolution that will gow even further in the coming years.

[brontosaurus]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

Entrance of new people. 2017 has witnessed a lot of new people entering the crypto-world. Not only do these people want to know about bitcoin but are also willing to invest their sums. Even coinbase wrote an article on blog regarding the record increase in number of users of their wallet. Along with this the recent forks cancellations have provided bitcoin more support from people who were earlier in favor of bitcoin fork segwit2x. So cumulative of these factors have made BTC soar quite a bit.

[SONG GEET]

- Chinese trader can't manipulate market like they used to when they can trade bitcoin with their local fiat
- Two hard forks occurred within this year and newbie got into bitcoin to get those free forked coins.
- Media also covered bitcoin many times so people around the world got curious about this.
- Few countries even banned use of bitcoin but that have caused positive effect on price.
- There can be many other hidden factors for current surge in bitcoin price.

[waqarkahloon]

Because with time more people want to buy bitcoin as more people heard about it resulting in more market capital. So as according to market rule, more demand results in more price rise. That is why bitcoin is rising day by day because of its more demand.

[INRI666]

there has been a couple of news that has changed the game quite a bit. now there is a lot of money coming in from new sources which is increasing the demand and driving the price up.

i personally think the main reason is the CME news about adding a bitcoin market next month.
you can visit the speculation board to read more about what people are saying.

I think all the news that are being used as fundamental reasons for the rise of Bitcoin is baloney. First they said it was the halvening, then it was something else and then on and on it goes without looking at the big picture that it started going up since the early days.

[eann014]

Hi guys,
Just came  back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...

In my opinion, maybe because a lot of investors now are buying bitcoin for their investment because it is not too late to buy bitcoin, just like before, bitcoin price only have $4000, and we don't think that it will rise for up to $8k before this year. Now it is possible because it is happening now and now we are assuming that bitcoin price will rise for up to $10k.

[hadveach]

I'm not panicky anymore to hear bitcoin soaring, because it's a common thing. this is what attracted me to bitcoin, you need to know that bitcoin will continue to grow in demand, and it affects the price. I never imagined what if someday bitcoin would be the world's only recognized currency!

[wildflower18]

Bitcoin is soaring high because of the users itself who believe in bitcoin. Plus, ofcourse the fudsters that others got panic in buying and selling bitcoin. Bitcoin is the mainstream that attract more investors so these I think for me of price increase.

[BranZolt]

it's all because of many new investors and advertisements.

[contecsion]

After the 2x segwit event was canceled, investors are no longer worried about the future of bitcoin in the future, which is why investors are interested in bitcoin a lot. In addition, the amount of bitcoin is still very scarce, which is why the bitcoin price is very high.

[spadormie]

After the BTG, it will moon. Just like what happened last fork, which is the BCH. It soared right? It became 5k USD. And right now because of the BTG fork, it is now soaring 8k.