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

[mondobitcoin]

Nobody can know the real reason, maybe because in the past time more and more people are interested to bitcoin, and they think that can earn easy money.
But this is a strange crypto market, so the price can go down (we hope it does not happen)

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[Opquar]

It is all the rage nowadays. I have been hearing more and more about it. I imagine plenty of people are starting to buy in. The more popular it gets, the more expensive it gets. The more expensive it gets, the more popular it gets. Let us hope the cycle continues for much longer.

[abdullahmonim]

I don't care why the price is going up as long as I get the benefit of it. Hope to become millionaire soon

[Rinder]

I believe that part of the rush to get more bitcoins as possible is due to Nasdaq listing it into 2018, soo its expected to get a huge atention as well big investors joining bitcoin, something it were hiden in the past will be exposed, and it might make others stock markets to list those, making the price to explode into the short time, soo yes its a good moment to buy and hold bitcoin.

[niceone]

Well bitcoin's population is increasing day by day so it's normal that bitcoin demand right now is high it's one of the thing that's bitcoins price is rapidly increasing and the fact that there's a lot of investor that seeing the potential of bitcoin and a lot of them invest on it is another fact.

[EmJay]

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

the demand of people who trust and believe in bitcoin is the reason why bitcoin is rising so high. people continue to buy and hold that is why the price is increasing each day. as people believe it is a good investment at it will still continue to rise as what I also believe.I thinj the price will reach in 15kusd and more.

[Images21]

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

That is only one of the reasons behind Bitcoin's crazy as f*ck growth in its value. I am sure the number of investment companies and corporations are growing all the time since Bitcoin's price is also growing very fast. They have started to believe that Bitcoin is after all not just a bubble. Individual Bitcoin investors are also growing remarkably. And to think that the total supply of Bitcoins and the amount being circulated do not grow anymore, there is no other way but for Bitcoin's price to really surge high. The demand is extremely huge.

[GreenBits]

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

At the current price level, the absolute last group of investors we will see come into the fold is the old money institutional investor. This set is exemplified by Jamie Dimon and company.  These guys know a bubble when they see one (having engineered quite a few themselves), and would seemingly be reluctant to purchase at this peak level. There is too much risk of it retracting. We may be used to sudden devaluations, it is ok in our economy because in the short term, their trend will most likely reverse. Institutional investors usually represent pooled funds; there are few shareholders with an appetite for that much risk.

they would invest independently, outside of the fund.

[manoj kumar k]

because of the demand for the bitcoin in all over the world ,each and everyone is willing to get a bitcoin its a kind of assets in which the value will not go down so the price of bitcoin going up so crazy

[TopT3ns]

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

maybe because of fork that come and never end, people start to buy and hope they can get free coins from bitcoin split and sell it after get that coins

Yes bitcoin forks have increased and so very much benefit from investment for bitcom owners. This is also one of the reasons why everyone wants to have bitcoin.

in my country people start to buy bitcoin after heard news there will be fork and then they sell it again after fork, in next fork they must be buy bitcoin again to get free coin

[songwdzw]

I think there are many reasons for that. But the main two reasons are the scarcity and the demand. Now as we know, the amount of people who hold bitcoin is obviously very small. Even for some countries, it is very hard to buy bitcoin, which also makes the price become high.

[brainape]

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

That is only one of the reasons behind Bitcoin's crazy as f*ck growth in its value. I am sure the number of investment companies and corporations are growing all the time since Bitcoin's price is also growing very fast. They have started to believe that Bitcoin is after all not just a bubble. Individual Bitcoin investors are also growing remarkably. And to think that the total supply of Bitcoins and the amount being circulated do not grow anymore, there is no other way but for Bitcoin's price to really surge high. The demand is extremely huge.

You are right the price of bitcoin increases up so crazy because the investors and the source of investment increases, bitcoin become the top cryptocurrency in the world because the price of bitcoin increases and this thoughts made bitcoin more stronger that’s why the value increases continues.

[musliyevich]

may be it is Christmas  gift for holders 


Bitcoin need high demand to make price crazy about non stable curve because not have control

[kalawang]

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

based on my research bitcoin is going up crazy because the supply of bitcoins is totally limited for 21 million and last i see that bitcoin will reach 16 milliion? so we need to expect that the demand will go high and the price of bitcoin will going to increase more and more.

[FlightyPouch]

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

Well the price is all based on the demand and supply so the thing that it is having a continuous price pump means that the demand is continuously rising or increasing. There is also a huge possibility that a big figure entered the industry so the price suddenly pumped, but I think if it did, it will quickly dump.

[andylioe78]

Indeed, bitcoin prices have grown lately. The reason is only one - the increasing demand for it is a massive investment in it of those who want to benefit from its tariff growth. which causes bitcoin level inflation.

[HasHe]

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

One of the reason is that wall street firms like CME,CBOE entering bitcoin market and the other reason would be the high media exposure which bitcoin lacked these much days.With US rederal board given permission to CME for issuing bitcoin futures,it is expected to get listed in exchanges on 10 and 18 date of this month.After listing,bitcoin price would go even more high.Also,the increasing price has attracted the international media towards bitcoin which has made its price to increase more.

[denzkilim]

It's because of the hype to earn lots of cash from it and also bitcoin became more popular the moment it hit $10k dollars. It even appeared on news channels on our country and the central bank here told people that should stay away from bitcoin because it is scam, funny people right? They said it is scam because IT experts here failed to put tax on bitcoin which is impossible to do for them.

[TIDOVEE]

Its bitcoin time to grow since there are demands for it. It has been drastically low for some months back. We have been waiting for a time like this because. It will have more positive impact on the trading value. Another thing is that studying the scale - bitcoin progression graph, one would not be surprised to see bitcoin at this rate. Infact I can't wait to see it at $7,000 in 2 months time.

[randyg29]

I think why is the price of bitcoin is going up is because of many people uses bitcoin as a online transaction to their business or anything that needs bitcoin now and the people who are willing to teach bitcoin in other people who want to invest in bitcoin.