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Author Topic: Why BTC is having a high price?  (Read 1041 times)
angaper
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April 30, 2018, 11:22:53 PM
 #361

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I have no doubt that the great bull run observed last year occurred because of a large speculative wave generated by the great rumors that bitcoin had the potential to be worth hundreds of thousands of dollars per unit, which led to many unsuspecting investors to buy in the middle of the vortex, motivated more by the FOMO than by a cautious analysis of the risks involved in an investment of that nature.

Because observing the behavior that the price of bitcoin had had the previous two years, I believe that the natural price of bitcoin at this time should be between $3,000 and $5,000, so I think there is still room for the downward correction to continue.

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liseff3
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April 30, 2018, 11:36:38 PM
 #362

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day.

You are right, and I will add a little bit.
Many of the growing speculation and positive perceptions arise among bitcoin users.
Gloomy global economy, so this causes investors to look for more profitable new assets.
The existence of players which have very large funds and they have participated in raising bitcoin prices.

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April 30, 2018, 11:45:07 PM
 #363

The main reason is the investors who buy bitcoin are not only small ones but mostly big whales spend their money in bitcoin. Therefore, whenever a large investment is made by them, the coin rises unbelievably.
I am sure that bitcoin is having a big price because bitcoin is running for long time and a lot of investor all over the world is known bitcoin and they are spending a big amount  of money with bitcoin that's why until now the price of bitcoin has a chance to increase it's value for more than $20k.

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May 01, 2018, 12:09:45 AM
 #364

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

     It is simply because a lot of people trust and accept bitcoin. And we know that if the demand is higher the tendency price also higher. If we talk about bitcoin price value it is always base on the demand and supply. Since the bitcoin supply is limited to 21M while the demand continue increasing  the possibility of bitcoin price is also increasing. That's the reason why bitcoin so valuable and famous digital currency among other coins.

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May 01, 2018, 12:31:54 AM
 #365

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

yes, I think  BTC having a high price because because the demand for it is very high. the market is going up too. many factors effect the price of btc.
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