What makes Bitcoin to move this fast?

[mega sylviku]

I think it is due to high demand of the investors or bitcoiners while the supply is limited. it makes the price rising

[hachiman13]

Lots of people are throwing their money in it without knowing what it really is, basically they see that its price is going up and automatically assumes that it would do so for the rest of time. Some say that bitcoin will be the same as tulip mania; I agree with them.

[barnes13]

The reason is that many people are interested in Bitcoin and thinking it is a promising investment, so with high demand make price go high, and I think the demand still increase because many experts are predicting the price will still go up, so people keep interest have Bitcoin.

[DrGuns4Hands]

I think it is the interest of the people that makes the bitcoin move rapidly. Because of the demand the bitcoin price is increasing rapidly and i think that is reason why bitcoin move this fast.

[thebegining]

That's because bitcoin is well liked by many, and the price is now soaring.

[Siopao]

The high and increasing demand on bitcoin is the factor that makes the price go up so fast. More people are getting involved and interested with the bitcoin industry. Investors are coming continuously and putting their money on it. Bitcoin will continuously be in the market and we will be sustained for a long time. So I think price will continue to go up.

[micovcin]

Many newcomers are looking at the price of Bitcoin and afraid it's gonna raising more and more. So they try to investing everything of them into it without knowledges about Bitcoin. More demands and lack of supply will lead to the fact that the price is going to the moon.

[JC btc]

Many newcomers are looking at the price of Bitcoin and afraid it's gonna raising more and more. So they try to investing everything of them into it without knowledges about Bitcoin. More demands and lack of supply will lead to the fact that the price is going to the moon.

Number one reason for that bitcoin is really a great source of income for all of us that is why when somebody has earned here and show its proof to their love ones many people has been interested. In short, bitcoin has doubled in demands as of today and everyday a lot of users are getting involved in trading  or investing.

[fulmetal08larz]

The price of bitcoin moves up and down so fast because there are a lot of people who are getting interested and are excited to get a piece of something that has proven its value since it has reached the $10k price and still going up because of low in supply and high demand, this results to higher transaction fees and congested network.

[louisedem]

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 think the reason why bitcoin was brought up into a fast movement of price, is the popularity that pumps up the demands of bitcoin in the market which is the result of the bitcoin popularity among the people based on the benefits bitcoin can provide that attracts many supporters, consumers and potential investors that is making the price raise to the top most value due to the continuous popularity of bitcoin.

[william8829]

According to S&P Global Wall Street is currently in a bull market.  This bull market is over eight years old and continues to grow.  I believe due to this prosperity traditional investors feel bold enough to invest in this volatile market.

This is all because of the increasing user interest into bitcoin compared to the past days. The price increase might have attracted large number of users in a short creating an increased circulation of bitcoin leading to growth. During the recent price increase, in some countries the price of bitcoin was sold 10-15% higher than the market price. This itself shows the increased demand for the same.

Buying Bitcoin higher than its market price is a sign of emotional buyers entering the market.  I also believe that less educated emotional buyers are a sign of a late bull market.

[taiwww]

Limited supply of bitcoins but uncontrolled and ever growing demand is the main and only reason bitcoin price is rising so fast. Common investors are staying away from bitcoins due to high price and huge volatility. All other currency and commodity markets of the world are in low mood, as a result speculators big investors and billionaires are playing in bitcoin market today. This is the reason bitcoin price is showing such a unexpected growth.

[Dainye_dyep]

when demand is more than supply the price goes up every time.

Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.

[BitcoinTurk]

People who hear Bitcoin and it's moving speed they want to invest Bitcoin. By the way they will enter the market and Supply for Bitcoin increases. This effect Bitcoin price fast too.

[Yamifoud]

when demand is more than supply the price goes up every time.

Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.

The massive increase of investors and users may drives this one to go faster more than of what we have expected to happen. Not only they are inspired to work with, but their wants to generate more profit. And I know that because of the promising price that bitcoin have, it become widely talk and it drives them here.

[Tenderino]

The online gambling market worldwide is very huge and we speak here about billions! Bitcoin gives everyone around the world and this totally independent of local laws or restrictions the possibilty to gamble or bet whereever and whenever he likes and as more and more online gambling and betting sites offer bitcoin as a quick deposit and withdraw option, this is surely one reason why there is such an increasing demand for bitcoin.

[sclmte]

when demand is more than supply the price goes up every time.

Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.

Absolutely right. A growing number of people are becoming convinced that Bitcoin’s price is going to go up in the long run. More people give their trust and have the interest to invest also one of the thing that makes it to move fast. And the other fact is Japan’s formal recognition of Bitcoin as a significant factor is behind this boom. Their developments are likely one of the cause for this latest price surge now.

[megynacuna]

when demand is more than supply the price goes up every time.

Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.

Absolutely right. A growing number of people are becoming convinced that Bitcoin’s price is going to go up in the long run. More people give their trust and have the interest to invest also one of the thing that makes it to move fast. And the other fact is Japan’s formal recognition of Bitcoin as a significant factor is behind this boom. Their developments are likely one of the cause for this latest price surge now.

The crave to know about it by people all over the world is what is driving the demand for bitcoin and so it keeps getting shortage on the market and it's  price automatically increases to reflect the demand  for it.This is what has increased so much within the last couple of days and the whole year and has grown its value from nowhere to somewhere.

[sheryl26]

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 think bitcoins are moving so rally fast because of the hype we all know people they are very dedicated in all the things that they do. Even non investors which are the ordinary people are already buying bitcoins so that also helps the bitcoins to grow. Bitcoins are very popular in the world that makes a lot of people in the world attracted to it and the main outcome in it they are jlining the community but they do no know that because of them that is why the bitcoins orice are getting expensive in the market.

[siopaotsin]

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's no economic reason about it but it's because of the people/ investors that are putting their money in to bitcoin. The greater the demand (investments going in) the greater the price of bitcoin becomes.