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yhansky
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June 18, 2016, 01:46:10 PM |
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Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc. We who uses bitcoin can make the price increase just by holding it for a long time. |
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bit1
Legendary
 Offline
Activity: 938
Merit: 1000
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June 19, 2016, 10:33:35 PM |
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Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc. We who uses bitcoin can make the price increase just by holding it for a long time. The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain. |
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MingLee
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June 19, 2016, 11:15:39 PM |
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Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc. We who uses bitcoin can make the price increase just by holding it for a long time. The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain. It's the halving, it's speculation about the halving, it's investors buying in to have money in bitcoin for the next halving, it's people buying Bitcoin because of politics and international events, it's a huge combination of things that's driving the value up, and not really a specific thing. It will definitely be more scarce and the investors will have to pay more for the miners to cover their costs, but that cost will double in four years, and double again in another four, and so on and so forth. |
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DomesticTrader
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June 20, 2016, 01:59:17 PM |
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Anyone??
In demand or maybe,some whales want to make the price of bitcoin to go up just by buying a lot of btc. We who uses bitcoin can make the price increase just by holding it for a long time. The main reason is the halving, After Jul 1 it will be more scarce and difficult to obtain. It's the halving, it's speculation about the halving, it's investors buying in to have money in bitcoin for the next halving, it's people buying Bitcoin because of politics and international events, it's a huge combination of things that's driving the value up, and not really a specific thing. It will definitely be more scarce and the investors will have to pay more for the miners to cover their costs, but that cost will double in four years, and double again in another four, and so on and so forth. There are now many Chinese people that is using some Bitcoin and that is really nice because you can now indeed see that the value of Bitcoin started to rise and that is perfect for the people who already have Bitcoin. But it will be hard to know what is going to happen with Bitcoin itself and that is the most risky thing of it. |
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escrowboy
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June 20, 2016, 02:08:46 PM |
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Anyone??
It is because of the halving event and being followed up by people's hype in buying bitcoin, I just want to add the chinese investors too investing in bitcoin with their big capitals. |
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sishendaoye
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June 20, 2016, 02:46:23 PM |
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Anyone??
I think that the Bitcoin price is getting high because of the halving coming soon, this way they let the price climb because after the halving it will be allot harder to earn Bitcoins. So by letting the price go up it somewhat compensates it. |
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mindrust
Legendary
Offline
Activity: 3248
Merit: 2434
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June 20, 2016, 02:49:57 PM |
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There are a lot of reasons why the price keeps increasing, one of them because of the demand from Chinese wanting to preserve the value of their money because of yuan's devaluation and the slowing down of their economy. Another speculation and not to be dismissed is the upcoming halving this July, anthough it is not sure to bring up prices even further.
I haven't thought about the devaluation that Chinese gonna have. It really makes more sense than anything. That may be the main reason of this big rise. I always thought that hype is the reason but i had doubts. But Chinese could have chosen USD rather than Bitcoin, why haven't they? Or did they? |
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Nameless Coin
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June 20, 2016, 03:16:16 PM |
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Its now getting pretty high because of the halving that is coming closer and the Chinese people are buying a lot of bitcoins these days.
They are thinking its economical good to buy them and they are partly right.
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escrowboy
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June 20, 2016, 03:20:25 PM |
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There are a lot of reasons why the price keeps increasing, one of them because of the demand from Chinese wanting to preserve the value of their money because of yuan's devaluation and the slowing down of their economy. Another speculation and not to be dismissed is the upcoming halving this July, anthough it is not sure to bring up prices even further.
I haven't thought about the devaluation that Chinese gonna have. It really makes more sense than anything. That may be the main reason of this big rise. I always thought that hype is the reason but i had doubts. But Chinese could have chosen USD rather than Bitcoin, why haven't they? Or did they? It is arguable too that the price is being manipulated by this big Chinese investors that taking the chance to profit with the halving event hype. |
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phreaky
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June 27, 2016, 12:50:54 PM |
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It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
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mark coins
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June 27, 2016, 12:53:21 PM |
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It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
Yeah it was getting high in past few weeks and now price has started to drop again and now its really confusing to understand that what will be the price at halving. |
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escrowboy
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June 27, 2016, 01:14:59 PM |
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It was getting high because of the halving that is coming so the price was rising really fast. At the moment the price dropped a bit and is now at around $630 and I think that it is going to be lower.
We will have to wait and see what is going to happen.
IF the price dropped then it's not because of what you called halving hype. Because if there's really a hype then the price should continue to rise, maybe there's something else that causing the price to fall down. |
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Chrismeister
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June 27, 2016, 01:57:12 PM |
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Bitcoin prices are rising high because everybody is selling coins and buying coins if there is allot of ask for the coin the price will rise if it is not the price will drop
it is the same as other products that has a unstable value.
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