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

[AltcoinAuthority]

seems, a group of big bad guys buys bitcoin to fly away to Mars with them

Bitcoin is now going up thousands of dollars per month. It would make sense if you just hold the coins.

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[Restmand]

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 because of the demand of people in investing and saving money and take some profit that makes Bitcoin price or value increases unexpectedly , rapidly and crazy. Maybe in the near future Bitcoin price or value will become much more unexpectedly high . This is a good chance now to invest in Bitcoin and hold it until you really need to use it.

[MikesLeo]

As bitcoin is trending and many people getting influenced now a days due to its increasing popularity every day many started opting bitcoin as their better choice and started investing automatically demand is increasing and the price of bitcoin going up crazy as you felt.

[jumail]

the demand for bitcoin is increasing. many factors influence, it could be because many big investors are getting interested in bitcoin, it could also be because people's trust in bitcoin is higher so many people are getting interested in bitcoin.

[Polonium]

Bitcoin price is going up because of the high demand. Since many people are investing in bitcoin, and the supply is limited therefore it’s price will increase.

[janah]

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

Yes, because of the demand of the people who wants to buy bitcoin also they are advertising and feature to the news about bitcoins. Price of bitcoin going up crazy because many people will get interested for it because of the characteristers of bitcoin, now if they invested/buy bitcoin the demand will increase means the price will increase also.

[tanghere1]

People are panic buying that's why. The buyers of bitcoins is significantly high than the sellers. So, it's natural for bitcoin to rise.

[kimmali]

Maybe because bitcoin now is popular, many people are now indulge by the large amount of bitcoin offers. Even though it is now hard for them to take risk whether they invest their money or not because of it's large value,they still do invest because they know that bitcoin is profitable. Also there are many new ads that features about bitcoin,many people now are noticing bitcoin.

[atileture]

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

bitcoin not need reason to going up crazy it is demand and supply

you ask must be why all want to buy bitcoin ? answer is price

[Yarsk]

What you should know is that the exchange market is base on speculations, so when you see the price of any commodity going up like the price of bitcoin is going high every day. You should know that the value of it and the demands for bitcoin is growing and increasing too.

[GregH37]

Bitcoin price is going up because of the high demand. Since many people are investing in bitcoin, and the supply is limited therefore it’s price will increase.

This is making sense. If someone is related to business field here, there is a simple rule in business, “Supply must be greater than demand in every case, and else inflation would be seen”. So according to this statement, as you said this too, people are getting into bitcoin world and thus the supply is so much shorted, where demand is still increasing, ending in the up prices for bitcoin.

[randyboy]

Its going up and up so crazy because many people is going crazy to about bitcoin the value and how to earn a profit as well  many investors go crazy about bitcoin how it helps them to their business  how to build up business using bitcoin thats why bitcoin increase and increase more and more.

[Dennbagus008]

 banyak investor yang melihat potensi bitcoin dan banyak berinvestasi pada itu adalah fakta lain  bitcoin's population is increasing day by day so it's normal that bitcoin demand right now is high

[heisusingcheat]

Prices are rising like crazy because of the newcomers, the 'FOMO' effect at work.
People read all these articles and tweets about how BTC might reach 50k in 2018, they place bids at a 100-500$ above the going price because its important to get in now to reap gains later (at 50k), the price is being inflated by the people itself. This growth is unsustainable and might cause a crash in near future.

Having said that BTC (as well as some other coins) have very promising technology but are in a primitive stage and will be very valuable in the future, but currently all the common public sees is $$$.

[hahay]

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

I personally do not know for sure why bitcoin prices can soaring high, I do not know and I also do not find out what causes the bitcoin price to be so high. But I only have a conclusion if the rise in bitcoin prices is due to the receipt of bitcoin as a legitimate transaction tool in japan. That way, bitcoin has a growing interest in enthusiasts and growing demand until big investors enter in bitcoin. It's just a speculation of mine, but so far I'm really happy to see the bitcoin growing.

[fredo123]

In my simplest idea, Bitcoin eventually rose up because of continues progress in promoting Bitcoin in social media sites, The tendency of many people to become curious and leads them to invest their money on it, due to its high value, The more people find interest to have btc the higher demand and the tendency to drop down the supply, this may cause to fluctuate higher and higher:)

[Rooster101]

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 for bitcoin is still upward making the price of the bitcoin to gain more. Some online news reported that people in South Korea are investing more in bitcon than in stocks causing their crypto exchanges particularly Bithumb to experience a huge increase in their virtual currency transactions. Such huge demands makes the bitcoin price soars and reaching some levels that never imagine before.

[Ais08]

This is the second plan of Satoshi to raise the price of bitcoin until it touches more than 10,000 dollars, we will not even know the next plan, whether it will go crazier again, or even a very significant drop.

[lucy1215]

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

The reason behind the price increase of bitcoin is because of the demand for bitcoin kots of investors now are trying to invest one because they had seen the profitability that they ate going to earn in investing in bitcoin. Even me if i have enough funds i might invest as well.

[upekhaanthony]

I think because of the high demand and extremely  low supply. A lots icos use main medium to contribute that also make some price difference. And a lot of new investors  also investing on bitcoin  and its related project.