What makes Bitcoin to move this fast?

[Ranly123]

Guys I'm wondering why BTC is moving this fast to up? With logic there should be  a huge amount of money flew into BTC market but I don't see any reason to  make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?

The reason i thought affect the massive rise of bitcoin price is the demand of bitcoin al over the world. As you remember the law of supply and demand in economics, that is the reason for the inflarion of prices in the market. Bitcoin price depends on the people who are investing in it and not on the product there is. Knowing that bitcoin is digital and no material matters on the existence of bitcoin. So it is safe to say that people investing on bitcoin makes its price go up. The more people invests in bitcoin the rapidly it would rise higher.

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[SamsungBitcoin]

I think we all know why the value of one coin increasing it was due of the demand in the market, but i think there is something happen in the past few days because that is not normal increasing of bitcoin value even the fluctuation of the value all got shock and other got panic but the important is it will brings good to bitcoin community.

It's moving fast because a lot of people are being drawn to put their money on an asset that's becoming a trend with high expectations. Especially giving into consideration that you just need to buy coins and wait for the price of bitcoin to go skyrocket for easy money.

I do not think if massive adoption happens that is why the value increase too crazy or there are some company used bitcoin to make demand increase too much. No one knows the exact reason why bitcoin value increase like skyrocket.

[Gotottack]

This is plainly brought about the speculation of people that bitcoin will go up because there have been a lot of financial institutions offering bitcoin futures. This is not good, in my opinion, as there is really no bitcoin being bought because if they buy futures then there won't be a corresponding increase in demand for bitcoins. This could very well crash the whole market. Crafty old dudes from the 1980s financial crisis are back at it again.

[nethan1btc]

Guys I'm wondering why BTC is moving this fast to up? With logic there should be  a huge amount of money flew into BTC market but I don't see any reason to  make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?

There are many reasons on why bitcoin prices/reputation is increasing everyday. Below are some of my opinions on why we are experiencing this opportunity currently:

1. The advancement of technology together with social media build hype for bitcoin into attracting and retaining new/old investors. There are a lot of ads going around and there are news spreading about bitcoin's price;
2. With the hype of media, new investors are eager to realise profit. They tend to invest their money hoping that bitcoin will answer for their future- which relatively may differ from one person to another depending on the circumstances;
3. Some countries are beginning to accept and see bitcoin as an alternative payment/currency into the market. Due to this, a lot of big trading companies are starting to acknowledge it as payment (i.e. http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/); and
4. With the recent price increase, who does not want to invest into something that may yield large amount of profits in a short amount of time?

Though bitcoin's price is the talk-of-the-town around the world, there is still the risk of it popping in the future. Many investors are saying that bitcoin will be the biggest bubble that will happen due to its nature being decentralized and intangible. Still, investing into bitcoin depends on our decision whether we want to take the risk or not.

Yes you're right, this is what the most very hot topic in some countries that bitcoin is for nothing or get benefited on it just like what you've said whether to take a risk or not. But mostly of the people started on that debate are those peole whose still hesitating about bitcoin investment and doesn't have enough knowledge of it. If I were them that they always asking, if they started it to work here in bitcoin like what am I doing now, perhaps they already earn bitcoin and convert it for their fiat currency and might be help for them to sustain of their family's necessities.

[pauuui]

The price of bitcoin goes up so fast is because it is like a hype train that a lot of people are investing in. The price of bitcoin is affected by the demand of people and bitcoin is becoming a thing now.

[trako]

there is a lot of interest. a lot of investment in the short term to gain value, the progress of people through this system has attracted interest and increased demand. investors who are thinking shortly are buying. this is a system that triggers each other. I have a quick graph of this.

[bucker steemit]

in bitcoin this is the usual thing, not to think about. when the value of bitcoin soars high there are only a few factors of one of those factors, the buying market demand is higher than that sold. here's the bitcoin I consider the bitcoin investment for the future.

[drawoh14]

Guys I'm wondering why BTC is moving this fast to up? With logic there should be  a huge amount of money flew into BTC market but I don't see any reason to  make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?

Big investors are going into bitcoin that is the reason why bitcoin rapidly increases. We got a higher demand right now so the price keeps on increasing. Higher demand = higher price

[Odora]

I think the cause of the higher the price of Bitcoin is because Bitcoin enthusiasts are getting higher and Bitcoin purchase transactions are increasing,
Daily, Investor and Trader Bitcoin newly emerging...

[God Fist]

Demand is currently so high on cryptocurrencies and the whole world is pumping money in it in hope to get on the boat of altcoin holders because they have knew that it's the future ! And since bitcoin is the oldest and the most trusted among all altcoins so demand on it is hilarious ! We have seen huge increase in market cap and thus in value of coins because producing coins is very slow thus the value increase .

[semarmesem195]

I think the most logical reason is one's interest in bitcoin prices. As you know bitcoin prices continue to rise every time and Bitcoin has many competitors so bitcoin should grow so as not to lose competitiveness.

[Zicadis]

Bitcoin price is growing remarkably fast because of continued interest into this technology, and other countries like Zimbabwe are contributing to its growth as people invest in bitcoin to secure their financial assets.

Bitcoin has also been listed on a big U.S. exchange (Chicago Board Options Exchange) which has been seen as one of the current contributors to its rise.

[Sled]

Bitcoin price is growing remarkably fast because of continued interest into this technology, and other countries like Zimbabwe are contributing to its growth as people invest in bitcoin to secure their financial assets.

Bitcoin has also been listed on a big U.S. exchange (Chicago Board Options Exchange) which has been seen as one of the current contributors to its rise.

The people are experiencing the phenomenon of FOMO or fear of missing out so they are going crazy and in a rush in order to just get into bitcoin and to jump in and don't lose the train and those rushed demands are resulting for bitcoin to move this fast and it can become a faster progress if the price will just continue to go up and attract more people to invest in.

[dx_twisted]

Being formally recognized, widely known by most countries, is one of the major reason why it achieved this kind of success. With its continuous impact, many people will be influenced to adapt this digital currency. As long they see BTC and other coins value and impact, people will realize its potential, thus making new supporters day by day. If more people come, it will make more demandable, making supply value grow higher and faster. Another keyword here is FOMO or "Fear of missing out", due to its market being trending worldwide, it affects the growth rate rapidly as they want to ride with this bitcoin crazy price surge.

[Herressy]

Guys I'm wondering why BTC is moving this fast to up? With logic there should be  a huge amount of money flew into BTC market but I don't see any reason to  make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?

I am also wondering how this will happen in bitcoin, i just can't imagine that bitcoin will grow fast as what it price now, as far as i believe before the end of the yr the price is only 10 000 USD, but it increase too much.

[ETHtotheMOON1]

it's pure speculation, now everyone already heard about bitcoin and how it is the best investment ever growing on value every bloody day, so they want to buy some too and get rich asap..

[high_jack]

I think people are accepting it as the normal currency, normal payment are the reason boosting the price of Bitcoin to this.

[stan_almighty1]

it's pure speculation, now everyone already heard about bitcoin and how it is the best investment ever growing on value every bloody day, so they want to buy some too and get rich asap..

Yeah, more investors mean more money come in the cryptocurrency market . Which a lot of money investing, the price will absolutely increases with the insane way.

[fahad.khan]

Guys I'm wondering why BTC is moving this fast to up? With logic there should be  a huge amount of money flew into BTC market but I don't see any reason to  make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?

Its a new concept and its booming and trending in many countries. Most people just follow the trend, and they see if others are earning through it, why dont I earn this fast. Its a fast trek trading and hence attracts people. But it must have a certain limit after which it will collapse, but no one knows when, so till than enjoy and Earn.

[Granxis]

The number of users who continuously invest in Bitcoin varies. For this reason, sudden price changes come to fruition. In addition, Bitcoin is influenced by the news on the agenda and is highly influenced by US policy. Last week Nicehash's hacking resulted in a frightening decline in Bitcoin prices. If the bitcoin came back at the old price, it will be quite moving this week.