Why is the price of bitcoin rising so high?

[BlackBi88]

Expert explains theories behind Bitcoin surge...
 
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.

But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.

When I read your post, BTC has experienced a rise to the peak price and then dropped dramatically floor price and is now tending to increase markedly each day. Explaining the reasons for the price increase to the peak is due to the attraction of the BTC is too large. In my country - where the BTC is banned at this time, there is a great deal of interest from the newbie to the more experienced investing in cryptocurrency, especially BTC. Due to the excessive volume of investment and holding in BTC, the BTC exchange rate has increased rapidly in recent times 

[cryptocollecter55]

The valua of bitcoin is rising so high because now a day's people are going to known what perpose  behind the bitcoin made of.So people want used to with cryptocurrency in place of fiatcurrency.Cause of that the demand of bitcoin is increasing highly.

[aamin]

Maybe I think the news is circulating in social sites or exchange platforms

[Lannie25]

I think it is great implication or sign that we see the value of bitcoin is fluctuates up in the public market.
From this we be able to see the outcome of the performance of bitcoin which shows a great assurance for the public that their future is secured by bitcoin.

[ellabanana]

It's gaining popularity nowadays. As the law of supply and demand, it will surely increase. However, there is also a risk that its price will drop. It's risky but we have to take the risk.

[nmax21]

Bitcoin has become popular in the society, large injections from large investors make you think. Attempts to limit the development of crypto currency from some countries were unsuccessful. People understand the importance of developing the crypto currency, so the demand and the price are growing.

[handsomes]

So, the price of bitcoin is rising because many have begun withdraw it. I think because the higher the demand equals higher price increase and bitcoin is limited to 21million btc.

[heureca]

So, the price of bitcoin is rising because many have begun withdraw it. I think because the higher the demand equals higher price increase and bitcoin is limited to 21million btc.

Yeah, BTC amount is limited. It is one of the main reasons of BTC price increasing. A lot of investors would like to buy BTC so the price will be higher and higher due to limited amount of coins

[Rosilito]

Simply because investor are continuously coming, and at the same time people are continuously discovering and discovering cryptocurrency or what we call bitcoin. We cannot deny the fact that people might get interested working with this. By that, bitcoin value continuously growing bigger. In addition, because of social media bitcoin became popular and investors got bothered to pay attention to invest to this thing. Next one, is that people pass the information about this for them to work also, for example a friend of mine told me about this and me told it to my other friends by that bitcoin would get discover and at the same time value would get grow and bigger.

[bloodyvio]

I guess this is because FOMO (fear of missing out).
people are afraid to miss the train,
the train that will make them rich. 

[cramcram21]

The price of bitcoin depends on the demands so when the price is rising high that means the demand for it is too high ,
That is the very basic reason for it ,it is just the stocks and demand limited stocks+very high demand= very high price.

[mOgliE]

I think the position of the experts and traditionnal economists is logical. They cannot understand what is happening with bitcoin. For any traditionnal currency, such volatility is indeed worrying and shows that the correspounding money is unreliable.

However, for bitcoin.. Actually we can't conclude anything with only the information we have. Bitcoin is not used for daily consumption, rather for investment and trading. Bitcoin is not printed on bills or emitted in cash.

Actually, we have no accurate models to apprehend and forecast moves.

Conclusion: for the moment, we enjoy the rise and try to make the most of it!

[wendelKray]

The reason it is rising so high is all about supply and demand. The more people want to buy into it, the higher the price rises.

[Hillthy]

The big demand of investors who are interested in the crypto market and especially bitcoin is causing bitcoin to increase rapidly. You may be surprised at the start but this is quite normal.

[avia]

One possible reason for bitcoin to have such tremendous growth is the increasing number of investors and demand from some people. With bitcoin's growing popularity, numerous individuals are beginning to see its significance and oppurtunity for financial freedom or support. Because of this revelation, people are investing in bitcoin despite the risk.

[Reid]

Yeah it is a bubble, that is what I thought but I am wrong.
It could be anything now. You said this November and yet it has not exploded yet.
I might as well get something out of it before it explodes but will it?
It could make us richer for now, so why not make it not a bubble anymore and stop spreading this news.

[BlackRacerX]

Expert explains theories behind Bitcoin surge...
 
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.

But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.

There are some factors that states the price bitcoins and these include supply and demand. Most bitcoin investors sell their bitcoins at certain price point that are so high because of the scarcity in the circulation. Just like diamonds, the harder you try to get diamonds, the bigger the price.

[88trentkaven]

to my opinion only, i think bitcoin rise too much because the need for bitcoin has risen too much just in this year, also people with big source of money is buying very much bitcoin making it price more expensive, the shortage of bitcoin will rise its price more and more.

[Mandoy]

The price of bitcoin is so high since there are many people coming from different countries have started to purchase bitcoin in the dream of earning a huge profit when it grows in value. But one thing that caused a huge spike in bitcoins increase in value was the report about the Winklevoss brothers became the first bitcoin billionaire. That news has inspired many big people in the finance industry to invest in bitcoins in great volume.

[magz]

Many are now recognizing Bitcoin. Many are now into the world of cryptocurrencies. Because of many supporters of Bitcoin, many are buying so the price tends to increase. The price is based on law of supply and demand. In this case, the price increases meaning many people are buying.