So why is the price of bitcoin going up so crazy?

[Tungsten-1]

The price of bitcoins keeps on increasing due to increase in number of user's and due to economic conditions such as increase in demand and supply leads to the increase in the price of the bitcoins. There are still more probability for the bitcoin and blockchain network to increase by thousand times more than the current value of bitcoins. Even though the bitcoin has only limited supply of 21 million bitcoins even after mining all the 21 million bitcoins the value of bitcoins still go up due to increased number of user's and more demand for bitcoins.

Agreed! With each passing day, the number of people who are getting to know about bitcoin and other cryptocurrencies is increasing very much significantly. Due to this awareness of the people, the demand of bitcoin in the international market is also increasing as most of us want to get into this as early as possible. As a result, the market price of bitcoin is also increasing thus helping its investors to make more money.

[kimmali]

I think because many people are joining bitcoin and other cryptocurrencies' activities nowadays. Since there are many people who're into the high value of bitcoin,they invest a lot also because they know that they'll have big profit if they do. Also,some people are interested how easy it is to transact with bitcoin. There is a very large demand for bitcoin now that's the reason why I think bitcoin's value keep on increasing.

[mahesh012]

Price of bitcoin is going up because of every person willing to buy bitcoin and hold. Due to high demand and limited supply is the reason price is going high and future price will be more crazy...

[devarajdp]

 THE latest bitcoin price boom is being driven by Wall Street's “ growing embrace” of the cryptocurrency, according to a leading economic historian.

[nathanbryce]

It will go up for while since the amount of BTC is limited by the creater. Then there won't be mining only trading and sharing. So it will be in stable state after that. Within that time other altcoins will rise.. Ethereum is already rising and will cross BTC sooner.

[Tambu]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

There are a lot of institutions involve in btc.
It increase its price because of high demand.   

[wiro 212]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Many use bitcoin, it will affect the sale value. That would be a great advantage.

[triciaa478]

The general public has come to understand Bitcoins is here to stay. As a result demand of bitcoins has increase in the past year than all time, that is the reason why only this year 2017, Bitcoins has triple in price. And I can't see any investment portfolio that give such a return. The result is that few people are willing to sell their bitcoins and will like to do so at a higher price. Hence the  higher price of bitcoins day in day out.

[simonbakla02]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Precisely, this ia because of the demands of the people who are being connected to bitcoin thus the investors who are willing to invest for bitcoin. These factors are the reason why bitcoin is growing rapidly in the last few days.

[hamza1044]

the main reason why the bitcoin up crazy because there will only be 21 million bitcoins in the future , Right now there are over 16 million mined and evry day mining of bitcoin becomes harder .

[nagatraju]

The general public has come to understand Bitcoins is here to stay. As a result demand of bitcoins has increase in the past year than all time, that is the reason why only this year 2017, Bitcoins has triple in price. And I can't see any investment portfolio that give such a return. The result is that few people are willing to sell their bitcoins and will like to do so at a higher price. Hence the  higher price of bitcoins day in day out.

yes, this is a clear explanation of why bitcoin is growing so fast - the people realized that this is the future and want to use it, thats why the demand is high and the price is growing

[Kurokonobasuke]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Probably it has to do with the demand in the market. This year is definitely the year for Bitcoin. Its market value grew so big within just a year. From a price of 900 earlier this year, it jumped to  more than 12 000 USD lately. Its market value is exoected to be more expnsive next year which is a reason to invest to it now.

[qwerty12]

In accordance with the economic principle, when a cryptocurrency rises in price, it means the quantity of demand for cryptocurrency is greater than the supply. Throughout the year 2017 Bitcoin prices have risen more than 700% which means there is a huge demand surge on Bitcoin.

there are several reasons underlying the rapid growth of Bitcoin demand, one of it is investors. Now investors are increasingly believing in cryptocurrency. The trigger is the legality of cryptocurrency by some major countries in the world.

[balamuda]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Increased demand for Bitcoin is increasingly crazy. That's what makes the little price more soar.

[Aileen C.]

Many have get interested into bitcoin so the price got up too.

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Increased demand for Bitcoin is increasingly crazy. That's what makes the little price more soar.

[GregH37]

I've seen this kind of thread many times, but still, there's always a plenty of people are like to discuss it. Well, even there is some country like Singapore, Rusia, Tiongkok, Thailand, and Indonesia that reject the transaction of bitcoin and a fresh bad news from nicehash, It doesn't even matter for bitcoin. The price will always rise because the supply is limited, futures contract deals from CME, regulatory support from Japan, Projected like gold investment in the future. So it predictable the price of bitcoin growing so fast.

Actually mining procedure is much difficult and hard and extremely expensive because mining of bitcoin is required high specs computer system, efficient hardware and expensive software that’s why supply in the market is so much slow as minors are very less in quantity in the market and consequently supply don’t meet to demand so why the price of bitcoin will not go up so crazy. Some of our investor should have to become minors of bitcoin to fulfill market requirement.

[BlackRacerX]

the price of bitcoin going up crazy,Is there an investment institution entering bitcoin or because of other reasons,what do you think?

Mostly because of supply and demand. A lot of people back in 2017 have been scouring trading sites for bitcoins. Ever since the demand spiked last October, every whale that is holding a lot of bitcoins started selling their collection and then started selling at high prices; trying to outprice the competition.

[LegGekkouga]

Its actually because of us, the people of bitcoin the more the people demand campaigns, trades and mining the more the people are investing in bitcoin this upgrading the cryptocurrency transactions. The more people join bitcoin, the more the price will rise.

[abhishek273b]

  I think there are several factors that moght be leading up as to why that there is an increase on bitcoin prices. It moght be that the demand are still there and rising or that companies suddenly have urged each other to look and integrate and thats why ts stock is rising.

[hoodi]

More media (either it is bad or good) = more new potential investors, hype leads to new purchases. Hype as result influences the price, something like that.