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Author Topic: Why Bitcoin is soaring?  (Read 892 times)
Subb0
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November 20, 2017, 01:27:42 PM
 #21

here is hoping it gets to the alt coins!
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Honest Tim
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November 20, 2017, 01:30:32 PM
 #22

Bitcoins is soaring and it's a fact now.  Bitcoin has come with such an innovative idea.  Many new companies and organisations are now investing in bitcoins and many more are in line to invest in bitcoin. As bitcoins will surely rise more than the price of it today.  So now doubt bitcoin will going to break all its records of prices as many investors are attracted towards it. Bitcoin has come with so many advantages that cause many people to attract towards it.  Mining is the key point which causes bitcoin to attract more and more investors.  As demand is more and supply is less..  Bitcoin will surely rise in prices.
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November 20, 2017, 01:31:03 PM
 #23

the only reason why bitcoin keeps rising is the demand for bitcoin in the market. hence from that I can not tell you how bitcoin peak value will barely even have peak as demand continues to increase.

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November 20, 2017, 01:39:26 PM
 #24

I think this rise is due to different reasons.
First Segwit2x is canceled this is good news for BTC.
BTC gained more investing sources the last days, mainly big investors.
Plus the recent BCH bullshit tried to fuck with Bitcoin but now everyone knows it's bullshit and I think this made Bitcoin more valuable because we are testing its strength more and more.
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November 20, 2017, 01:52:45 PM
 #25

-It has no tax (all you need is transaction fees which is very low)
-easy to earn but you need to make yourself very patient and hardworking
-it has also no third party interruptions; someone can't freeze your account even the government can't, people choose bitcoin over other jobs

For me, these are the reasons why bitcoin is soaring since people will be choosing Bitcoin which have these advantages rather than working in the offices and the likes.
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November 21, 2017, 12:00:34 AM
 #26

Bitcoin is soaring beacause people around the world are investing on it and supporting it. Bitcoim will continue to grow and grow and sometime in the future if will be the payment for all the expenses.
crypto_Butterfly
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November 21, 2017, 12:01:41 AM
 #27

Because its going to moon and then mars.  Grin
It deserves to go to 10K mate.

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November 21, 2017, 12:06:23 AM
 #28

Wide adoptation of bitcoin is the main reason why it keeps soaring, that price will increase more so i suggest to buy more and hold it for long term.

duocnguyen
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November 21, 2017, 12:07:38 AM
 #29

Increasing bitcoin prices are due to many problems.
Many people have high demand for bitcoin.
Just as its benefits are too great
Especially it is just the virtual price to motivate buyers
I hope my comments can help you Smiley Smiley Smiley
AmXProX
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November 21, 2017, 12:28:16 AM
 #30

Bitcoin's price keeps on soaring because the demand keeps on increasing everyday. More and more people wants to have their own bitcoin and businesses are beginning to innovate the use of Bitcoin as a mode of payment. Since Bitcoin has a fixed supply then expect for the price to go high once the demand goes high.

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November 21, 2017, 12:33:54 AM
 #31

May be whale pump for event 25/11. And it’s will be dump. I think so.
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November 21, 2017, 12:43:42 AM
 #32

The reason is simple: Demand is exceeding supply. There is a finite supply, and more people want it. This will continue.
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November 21, 2017, 12:54:35 AM
 #33

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

Bitcoin is soaring high because there is a high demand. People are now aware of it's existence. Even the Central Bank in our country acknowledged it and there are more news about it recently in the television. They are now appreciating its value and importance. They can now see that Bitcoin has the potential to be the future currency. Aside from that, they investors are attracted to it because they admire its characteristics such as it is non-taxable and very convenient to use. Let's expect more pump before this year ends. Bitcoin will definitely be the talk of the town by 2018.


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Denlv
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November 21, 2017, 01:02:07 AM
 #34

I think the investors,new companies,gambling,mining and ofcorse China😉

andylioe78
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November 21, 2017, 01:03:35 AM
 #35

because a lot of good and positive news and so many bitcoin promotions and advertisements, maybe the main reason why prices skyrocket,

Tamilson
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November 21, 2017, 01:13:17 AM
 #36

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.

I don't think these trying hard coins has something to do with bitcoin price now and these alts won't hurt bitcoin price in any way.
Bitcoin now is flying because of the massive sell last November 12 when bitcoin had dumped and many weak hands gave up their coins to the whales. And now surely the whales are now sitting in their profit and the show hasn't over because they will pump bitcoin again up to the moon before we close the year. And everyone now so desperately to own some bitcoin.


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fiulpro
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November 21, 2017, 01:37:35 AM
 #37

First of all the price of bitcoins was high.. extremely before segwit2x and suddenly it dropped and bitcoins are just recovering from it..now..
Also CME and other investment companies have announced bitcoins future thus people are keen on investing at this point ... And the CME's bitcoins future.. Haven't yet come into play but for sure its making headlines right now..
I think the biggest factor is its recovery from the segwit2x fork cancellation and CME's future investment.

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November 21, 2017, 01:43:26 AM
 #38

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

price bitcoin skyrockted because bitcoin is so well known that it attracts investors to invest in bitcoin, and  the more buyers bitcoin, price bitcoin willbe hight with a limited supply.

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November 21, 2017, 01:44:24 AM
 #39

It's finally breaking out of the 8K resistances!
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November 21, 2017, 01:52:05 AM
 #40

It is going to continue climbing for a while my friend.
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