CryptoKing1992 (OP)
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July 18, 2018, 03:04:16 PM |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise?
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First77
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July 18, 2018, 03:18:48 PM |
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More buyers. Bitcoin price goes up.
More sellers. Bitcoin price falls.
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davidka
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July 18, 2018, 05:58:15 PM |
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There are many reasons for the BTC to increase as large buyers buy in large quantities
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CryptoKing1992 (OP)
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July 19, 2018, 03:12:42 PM |
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Many good factors are contributing to Bitcoin, it will rise more.
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ucingucingan
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July 19, 2018, 03:21:08 PM |
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there may be new investors who buy bitoin in large quantities that affect supply and demand that will automatically impact on bitcoin price increase, is now starting to return many investors are looking at bitcoin to invest because already many countries accept bitcoin
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evilsign
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July 19, 2018, 03:21:54 PM |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? it is no longer a secret anymore if at the end of each year bitcoin always rise in price. Maybe this year will start in August, and because already many people know this then people will compete to buy bitcoin at the cheapest price in this month to get the benefits later. Look at it later, but that does not mean the price will always go up, of course to reach ATH requires several times the correction.
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matvee
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July 19, 2018, 03:23:34 PM |
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More buyers. Bitcoin price goes up.
More sellers. Bitcoin price falls.
Op is asking more regarding why more buyers thus increasing price. The recent increase is mainly because of Goldman Sachs declaring that they may enter into crypto soon. It means billions will be invested into crypto market.
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angelramirez24
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July 19, 2018, 03:24:40 PM |
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Basically its value depends on the demand. More people buy the price increase in value. As interest to bitcoin growns the value also grows. The users are a big factor in the price.
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alex_gr_cc
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July 19, 2018, 03:26:00 PM |
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If ETFs are not launched in the US, then they will be launched in another country. This will lead to growth in any case. Most likely this will happen before the end of 2018
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jaaeeeyyyy
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July 19, 2018, 03:26:41 PM |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? No doubt and very noticeable, the start of quarter 3 of the year is always a good time for bitcoin and the whole market, this where the buyer's instinct simultaneously generating one idea of a purpose and that is to make profit after investment. Mainly the factors are high demand from buyers and lots of bitcoin holder.
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putriliesma
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July 19, 2018, 03:27:07 PM |
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Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains. The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03. Link: Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise? I think because of the more bitcoin use and growing also hence the bitcoin price increases every year and also more and more new investors who want to invest in it. Countries that receive bitcoin are also the main factors why bitcoin prices can rise dramatically.
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Haoque89
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July 19, 2018, 03:33:26 PM |
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Bitcoin is a technical currency that influences and influences, for example, the dynamics of market policy, the reliability of digital currencies, Bank and government books will affect bitcoin prices
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emmybd
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July 19, 2018, 03:36:26 PM |
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I think the main factor is bitcoin is getting very popular day by day, despite that fact that there have been a lot of negative news about bitcoin, it has gained a lot of ground over the past one year.
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zolfa
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July 19, 2018, 03:41:36 PM |
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I think a bit of FUD is a factor that makes bitcoin high.
no news fake, no sales in big capacity, but I think panic and few people who buy bitcoin also become factor that bitcoin rise slowly.
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saruxanyan
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July 19, 2018, 03:45:34 PM |
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the growth of bitcoin depends very much on third-party positive or negative news! Now this crypto market is very much off the government and its relationship! government in different countries are differently related to bitcoin and the entire crypto market! as well as not an important factor in the growth or fall affect people with large wallets that buy or sell large amounts of bitcoin!
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Chetan04
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July 19, 2018, 03:45:59 PM |
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Definitely yes, if you think I’m just saying. See the previous year stats and you will be able to see for yourself.
New people always ask me this question because they don’t research from themselves. Please don’t invest like this. Study about bitcoin , and if you have believe in it then hold it.
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Umuoji
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July 19, 2018, 03:48:17 PM |
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The factors that can make bitcoin to rise again is when we have more of holders than dumpers and also when bitcoin is widely accepted as a means of transaction. When we have more of good ICOs too it can make bitcoin rise
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Chacha1000
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July 19, 2018, 03:54:05 PM |
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Several factors can make bitcoin to rise again even faster than we think ,they main one is when people hold it for long and not just after dumping it at every rumour they hear
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DgurJIupyf
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http://o-tu.ru/
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July 19, 2018, 04:02:03 PM |
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I believe that the news related to the speech, the sec on the recognition of bitcoin as an asset, and not as a currency, influenced it. And allowed Coinbase to trade bitcoins. That was the catalyst. But the most surprising thing is that today they denied the news. P((((((
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wow.magic
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July 19, 2018, 04:03:29 PM |
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Several factors can make bitcoin to rise again even faster than we think ,they main one is when people hold it for long and not just after dumping it at every rumour they hear
I think one of this several factors that may increase the value of bitcoin again is those people who are investing to the bitcoin who buy a large number of bitcoin and this leads to the higher demand of bitcoin, and due to his higher demand of bitcoin the demand also in the market becomes higher too.
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