Reasons why bitcoin rapidly increase $15,000 in just 5 months?

[Byatt]

I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months.  Would it will be happen to some digital coins also listed in coinmarketcap?  Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?   

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[samuel999]

 When I get into bitcoin I believe the price was right around $350. I knew it had the potential to Gain a lot of popularity and increased value, I was very excited When you became $1000 a coin. Earlier adapters were right that it would one day Finally be very valuable.

[bougieboyy]

Supply vs Demand. More and more people are hearing about Bitcoin / cryptocurrency every single day. This is driving the price up rapidly!

[8270thNinja]

Search about CME's Bitcoin Futures which bring Bitcoin to the mainstream media and it captured the attention of well-known people in Business and Investment field and other Countries who are giving their rules and law regarding Bitcoin and Cryptocurrency, Different Key people Like James Dimon and the Country China who create a Big FUD to cryptocurrency world. , some of the other reason is the fork of Bitcoin Gold / Bitcoin Cash/ Bitcoin Diamond which affected the price of Bitcoin check it out, use Google as your search engine to check out some information.

[Dudeperfect]

The sudden surge in the price is the result of investment from the institutional investors as they are pouring the capital day by day and new milestones attracted new users to get started with it and hence price is surging. However, it is unclear that why these big whales are pushing the price and there was a possibility of earning huge gains from the futures trade but that's not valid anymore as the price is still increasing even after the future option is made available.

[penig]

Speculation. If any asset rises so rapidly it is due to speculation.  There are no fundamental changes to bitcoin, no changes to the technology or use.  Availability in futures market has spurred a lot of this, giving the cryptocurrency institutional credibility, but the objective of that is to enable further speculation without having to hold Bitcoins (which is easier for a trading desk or broker).

[batang_bitcoin]

I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months.  Would it will be happen to some digital coins also listed in coinmarketcap?  Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?   

It's possible that it can also happen into some other altcoins that are listed in the coinmarketcap. We can't say that there's a manipulation that's happening but we are many in the community that are considering that. But we can't also forget that it is just a normal increase in demand since cryptocurrencies today are starting to make their own move and popularity that was being helped also by the mainstream medias.

[retnoanjani]

I think because big investors are getting interested and choosing bitcoin. besides that some investors who have bitcoin prefer to keep it because of segwit issue that will happen. so the amount of demand is higher than the supply, so the price is higher

[dawoodkhan97]

Bitcoin is based purely on demand and supply
and taking into account the fork situation we
had from July, Bitcoin had this rapid increase
mainly due to speculation and large investments
from the investors

[SupportBitcoin]

Big time investors are getting involved and bringing Bitcoin more attention. It is also based on supply vs demand
 Because of the attention, more people want Bitcoin thus creating the surge in price we see today and will continue to see.

[shursight]

If you really think that bitcoin increased from $100 to $15000 just because of futures then you are drunk, or you are just dumb.

The price has increased only because of FOMO, no one wants to miss this great opportunity to keep earning some money while it lasts.

Tell me, if you have the opportunity to double your money or even triple it, wouldn't you invest?

Search about CME's Bitcoin Futures which bring Bitcoin to the mainstream media and it captured the attention of well-known people in Business and Investment field and other Countries who are giving their rules

This bubble will crash, but not for now, no one knows how much it will take until we see this bubble crashing.

[richminded]

Supply vs Demand. More and more people are hearing about Bitcoin / cryptocurrency every single day. This is driving the price up rapidly!

A lot of people are now showing interest with bitcoin and the demand for this is really increasing and I think this is the best example why the price of bitcoin continues to rise high. I believe on its technology that will help us move forward so better to join the trend now.

[faycel96]

the demand of bitcoin are high yhan supply , this is the main reason which was allowed the bitcion increase $15,000 in short time .

[brickafterbrickwalldpt]

Demand increasing, more mass media covering the subject of cryptocurrencies and bitcoin, China threatening to ban Bitcoin, it all adds up. Not to mention each generation born since the mid 90's is more than often extremally technically-savvy, they are almost guaranteed to be interested in stuff like this.

[dothebeats]

Supply and demand primarily dictates how will the market flow. In this case, bitcoin has been overflowing with demand and rapid growth from customers but the supply remains the same meaning the price will surely go up. Add to that the constant hype surrounding bitcoin since CBOE decided to setup their personal futures market. The talks about bitcoin is neverending right now which attracts more and more people = more and more demand = price growth.

[ladydark]

I started to be involved in the crypto currency world just this year of July and the price of bitcoin at that time somewhere $1,300 to $1,800 and I wonder why it had a meteoric rise of the price in just 5 months.  Would it will be happen to some digital coins also listed in coinmarketcap?  Is there any reasons that it was manipulated or anybody behind on how this price dramastically goes up so high?   

There is no price manipulation and also listing of new digital coins has nothing to do with the price rise of bitcoin.Main reason is the announcement of CME and then CBOE that they are going to issue bitcoin futures.Immediately after the announcement,thousands of new accounts were opened in coinbase.More investors started to enter in to bitcoin market which triggered its price.

[QuestionAuthority]

Because traders and investors are crazy. Investors and traders so desperately want to make unrealistic profits that they throw their money (or other people’s money) at get rich quick investments. Same reason that giant mountains of money was lost in the dot com crash.

[eucalyptus]

I think the only reason is media. They saw BTC did new ATH news every week and people started to invest their money without searching or having knowledge about correction etc. They just keep buying and buying. People dont care about its technology they wanna make profit. I hope it will keep going up!

[khaled0111]

Bitcoin transcendence is due to new users like you joining the community.
The last few month, Bitcoin community has grown up significantly which comes along with more demand.
We all heard about the day when Coinbase added over 100,000 new users and you can imagine how many new users joined since that day.
But with high fees and other emerging problems, Bitcoin is becoming out of reach for small investors and not suitable for day traders.

[McKane]

Just because the supply were short and many people attracted to bitcoin by it's price in a short time. Therefore it is increased from 1000USD to 18000USD. Because if there is less supply then the demand is increasing. That's why it's reached to that level. Soon it will reach to 40,000 USD because the supply of bitcoin only left 1 Crore and 67 Lac.