Who is behind the inflating value of Bitcoin?

[DeltaX]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

Bitcion doens't have any inflation. The total supply was limited. The inflation mean if there will be unlimited supply that will be dumped to thge market. Just like lisk coin. Without the supply limit and there will be a lot of the chance to the lisk market gets very high inflation. All of these pumps caused by the new comers are trying to use the bitcoin.

[Lucid717]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

Those "some certain people" are us.  The last thing I said, the last time I posted in here, was that this (Bitcoin) is our baby.  Not for the old guard and grey hairs, or the boys on Wall St.  It's for the young (for the most part), the techies, and to a fairly large degree people that deploy anonymity and either currently or at one time at least used the dark web and TOR.  Or at least, that's the demographic that discovered it the soonest when the value was still low.  And it sounds like you're implying something along the lines of insider trading.  I mentioned that as well.  Only again, it's us holding those reigns too.  I said that if a bunch of us coordinated ourselves together here and made decisions in numbers, and said:  "Buy, Buy, Buy!"... the price would climb steeply.  That's all it really is, only we have the benefit of actually being able to get away with something like that and it's just talking... or a recommendation/prediction.

Definitely good for us.  But... I still have a feeling that eventually something bad will happen and a bunch of people will lose their money.  Just a hunch.  The cover story will likely be that some super hacker ripped everyone off, who was of course so good he was completely untraceable.  But it will be an inside job.  I've said before that I think the value will grow to 35K before that happens, and possibly even a good bit more.  

Also we are probably in for a correction in the near future.  2 signs that almost always preclude a slide are 1)  Hitting a new high, and 2) The price growing stagnant after doing so.  Now you may be thinking:  "Wait, the price isn't stagnant, it just went up over 2K today at one point."  Well sure, but it also was already at 17K almost a week ago, dropped down to the high 14K's, climbed back up again, then down again, then back to 17K again, and now as I look I see it going down into the 16's.  So for pretty much a week straight it's been teetering between the upper 14K's to the 17K's, back & forth.  And this correction could very well make that one we had when we went from 6700 to like 5200 look like a mere speed bump.  We are after all dealing with larger numbers and fluctuations now.  I mean heck, that was only a 1500 dive.  It seemed like a lot then, but now that happens all in a normal days work.  

[RamonBTC]

It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this.

[Lucid717]

It's clear that newcomers keep the market warm, and some national funds and some big banks may be entering the market. There are also some illegal transactions that need to be paid by bitcoin, and the amount is huge.

You just nailed it as there are huge number of newcomers to bitcoin who keep the price pimping due to the transactions and investments but they are not the main players as there are  huge transactions which happens through bitcoin by some illegal traders and corporates it's really hefty.

Honestly, I don't think there are a large amount of newcomers, and also don't believe that the grey hairs, Wall St. or financial advisor types are still all that convinced, adding it to their portfolios nor recommending it to others.  With of course some exceptions.  It's people like you and I, investing what we have to invest, and managing to get in & out at the right times and re-invest our profits along with our original capital.  We're by far the main driving force.

And let's not act like we're completely separate from this crowd that's using BTC on the deep web for "illegal purposes".  At least regarding the ones that got in the game early, I'd be willing to bet that's how you discovered cryptocurrency in the first place and Bitcoin in particular.  If the shoe doesn't fit then don't wear it, it's hardly a blanket statement so don't take it personally or get bent out of shape over it.  But it's likely the case for a good many here.

[Pettuh4]

It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this.

It's primarily due to the demand of it globally by the newcomers and oldies who still want to top up their stock of bitcoins. This is the most dominant of all the factors you listed and nobody can be behind the millions of people around the world in order to influence bitcoin' inflation. Not possible in my books.

[Lucid717]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

Those "some certain people" are us.  The last thing I said, the last time I posted in here, was that this (Bitcoin) is our baby.  Not for the old guard and grey hairs, or the boys on Wall St.  It's for the young (for the most part), the techies, and to a fairly large degree people that deploy anonymity and either currently or at one time at least used the dark web and TOR.  Or at least, that's the demographic that discovered it the soonest when the value was still low.  And it sounds like you're implying something along the lines of insider trading.  I mentioned that as well.  Only again, it's us holding those reigns too.  I said that if a bunch of us coordinated ourselves together here and made decisions in numbers, and said:  "Buy, Buy, Buy!"... the price would climb steeply.  That's all it really is, only we have the benefit of actually being able to get away with something like that and it's just talking... or a recommendation/prediction.

Definitely good for us.  But... I still have a feeling that eventually something bad will happen and a bunch of people will lose their money.  Just a hunch.  The cover story will likely be that some super hacker ripped everyone off, who was of course so good he was completely untraceable.  But it will be an inside job.  I've said before that I think the value will grow to 35K before that happens, and possibly even a good bit more.  

Also we are probably in for a correction in the near future.  2 signs that almost always preclude a slide are 1)  Hitting a new high, and 2) The price growing stagnant after doing so.  Now you may be thinking:  "Wait, the price isn't stagnant, it just went up over 2K today at one point."  Well sure, but it also was already at 17K almost a week ago, dropped down to the high 14K's, climbed back up again, then down again, then back to 17K again, and now as I look I see it going down into the 16's.  So for pretty much a week straight it's been teetering between the upper 14K's to the 17K's, back & forth.  And this correction could very well make that one we had when we went from 6700 to like 5200 look like a mere speed bump.  We are after all dealing with larger numbers and fluctuations now.  I mean heck, that was only a 1500 dive.  It seemed like a lot then, but now fluctuations like that happen all in a days work... or, make that several hours work actually.  And that is a very good thing indeed.  What would have felt like a major slide just a month and a half ago, now you look at and don't even feel the slightest bit alarmed.  

And, of course, it shall rise again.  But after reaching a new high a week has elapsed where the price seems as if it's stuck in quick sand, and in regards to past trends that usually spells a decline.  But then again for goodness sakes the friggin price climbed to 10K before this year was even over, which only the most optimistic in here predicted.  Most more conservative estimates said it would happen by mid 2018.  And then by the time we went to the fridge to grab a beer to celebrate it was sitting at 17K.  So, I mean... it's hardly a bad sign or even bad news really.  It's just inevitability.  

[JCLee]

I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects. If ever it is what would you think of the outcome? Is this good for us or bad?

The question is very interesting and certainly a lot of people want to know the answer. I also investigated and monitored exchange rate fluctuations of the BTC and realized that after each press writing negative posts on the Bitcoin, pushed down the price of BTC, behind those articles are the people They were influential in the tech world, and after they bought the BTC at that time, they pushed up BTC prices unknowingly. I think that's why Bitcoin always goes up and down in a certain way. 

[farhaan]

The limited supply of bitcoins and the continuous increase in demand makes the bitcoin price higher.Bitcoin is totally free from inflation as its supply could not be increased beyond 21 millions unlike US dollars which are printed infinitely.But the demand for bitcoins is continuously increasing.S0,bitcoin deserves more price than its present price.

[RamonBTC]

It is an accumulation of all obvious factors, first the holders, then the new comers (increases by tens of thousands per day) and the mainstream adaptation. There is always full of good news this days, FUDs even is ignored and most of the time weak hands got matured because of experienced. This is what I know that makes bitcoin price moves like this.

It's primarily due to the demand of it globally by the newcomers and oldies who still want to top up their stock of bitcoins. This is the most dominant of all the factors you listed and nobody can be behind the millions of people around the world in order to influence bitcoin' inflation. Not possible in my books.

Totally agree that inflation means more as good signs than as a bad things in virtual world. Newcomers are filled up the space in cryptocurrency investments that bring not only bitcoin price in new level but in this huge increases in a very short time. This is one telling factor and reason of a better accumulating circumstances that highlighted the inflating value of bitcoin as a result of higher tendency to profit.

[yoseph]

A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.

Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.

[twobits]

A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.

Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.

It will never happen, the bankers are saying the bitcoin always linked to the fraud system that created by satoshi nakamoto. they will never think to invest their money in the bitcoin.
Always critize the bitcoin because the possibilito to be a threat to the banker.

[notthematrix]

The mass, the banks who want to control it,  but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people

[djsugar]

Bitcoin has way too limited supply. At the moment, almost 17 millions are in supply and global population is of 7 billion +. This concludes that, bitcoin isn't a bubble right now but has a potential to be one in Future maybe at trillion dollars marketcap. Thus, the inflating price right now is natural outcome of mainstream adoption. This is healthy and good at the moment. But will become dangerous in future.

[btcrich]

The mass, the banks who want to control it,  but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people

How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.

[kier010]

the new user of bitcoin because of its popularity and price pumping up they want to ride and get profit too. bitcoin had a low supply so it will pump fast with this high demand.

[kasonhills11]

A lot of new money coming in and inflating the price

could be inflated

[braveheart]

A very good solution for the world economy is to link free cash with bitcoin. Some national and commercial banks have a huge surplus of fiat money. They do not know what to do with them.

Unfortunately that is never going to be a possibility since its the very banks that are so critical of bitcoins, if they were wiser, they would have invested all those profits they had accumulated over the years into bitcoins instead of always criticizing it.

It will never happen, the bankers are saying the bitcoin always linked to the fraud system that created by satoshi nakamoto. they will never think to invest their money in the bitcoin.
Always critize the bitcoin because the possibilito to be a threat to the banker.

Very true about being a threat to bankers, but also they cant. Their regulation, that has fended off competition has also become their prison.

[notthematrix]

The mass, the banks who want to control it,  but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people

How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.

Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices

[braveheart]

The mass, the banks who want to control it,  but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people

How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.

Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices

Although they would love to do that< I don't think they can, due to regulation.
The futures market might mess things up though.

[dmamigo]

The mass, the banks who want to control it,  but who hold the most bitcoins, it would be interesting to see if it's possible to control the mass now the bitcoin is owned by so much people

How come the banking system will manipulate the price of bitcoin,the recent rally is backed by investors and for the first time we never had any bad news coming out regarding bitcoin and so is the reason we are having a rally for a very long time and that is the reason the price is inflated to the levels we have never seen before.

Who has the most money ? Banks or investors ? Banks have inifinite capitals to buy crazy amounts of bitcoins to then easily manipulate prices

Banks has capital but they won't do this, I believe still banks and governments are unclear and will never jump into it. Bank has many restrictions but Individual Investors is free kind off.
Basically the users, investors(both small and large) and the rrcent market movements and actions is leading to its high rise.