Why BTC is so high?

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Lothric

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Sorry but I don't know anything about BTC trading. But want to ask
So it seems BTC have risen by almost 450% within a year, is it even possible?
20170525_160809.png
Why is that? Is it because of Chinese investors or BTC itself?

Also should I receive my payment to BTC or should I just withdraw all my BTC since this is the peak time and it's likely to drop to normal price?

Edit. Oh, and is it good idea to have big balance on Coinbase? Should I consider buying hard disk?
 
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Lothric said:
Sorry but I don't know anything about BTC trading. But want to ask
So it seems BTC have risen by almost 450% within a year, is it even possible?
View attachment 91082
Why is that? Is it because of Chinese investors or BTC itself?

Also should I receive my payment to BTC or should I just withdraw all my BTC since this is the peak time and it's likely to drop to normal price?

Edit. Oh, and is it good idea to have big balance on Coinbase? Should I consider buying hard disk?
Click to expand...

I thought the raise in BTC was in large due to ransom ware hacking? Alot of these hackers are demanding payment in BTC. Due to shortage of liquid BTC in the market, strong demand causes big rise in pricing easily. My thought is this, these hackers are not really after the ransom payment as they know well that the authorities will follow the ledger to go after them.

I think they would have already collected/mined or purchase the BTCs much earlier or working in partnership with some instituition that already holds large inventories of BTCs. So when these hackers forces people to pay them in BTC, it creates an artificial demand that forces BTC to raise in value due to missing liquidities. The partner in crime will then be disposing BTCs in the open market as this will ensure that their funds are clean and trail free.

What is your view?
 
Guys, people are investing in BitCoins and other cryptos currencies. I see the BitCoin going over 3000$ in the next weeks
 
oni365 said:
Guys, people are investing in BitCoins and other cryptos currencies. I see the BitCoin going over 3000$ in the next weeks
Click to expand...
It's rising at a speed of 200-400$ per day
It's already 2.6k now
You can expect 3k within 1-2 days
 
honestIM said:
I thought the raise in BTC was in large due to ransom ware hacking? Alot of these hackers are demanding payment in BTC. Due to shortage of liquid BTC in the market, strong demand causes big rise in pricing easily. My thought is this, these hackers are not really after the ransom payment as they know well that the authorities will follow the ledger to go after them.

I think they would have already collected/mined or purchase the BTCs much earlier or working in partnership with some instituition that already holds large inventories of BTCs. So when these hackers forces people to pay them in BTC, it creates an artificial demand that forces BTC to raise in value due to missing liquidities. The partner in crime will then be disposing BTCs in the open market as this will ensure that their funds are clean and trail free.

What is your view?
Click to expand...
My head hurts.....
 
honestIM said:
I thought the raise in BTC was in large due to ransom ware hacking? Alot of these hackers are demanding payment in BTC. Due to shortage of liquid BTC in the market, strong demand causes big rise in pricing easily. My thought is this, these hackers are not really after the ransom payment as they know well that the authorities will follow the ledger to go after them.

I think they would have already collected/mined or purchase the BTCs much earlier or working in partnership with some instituition that already holds large inventories of BTCs. So when these hackers forces people to pay them in BTC, it creates an artificial demand that forces BTC to raise in value due to missing liquidities. The partner in crime will then be disposing BTCs in the open market as this will ensure that their funds are clean and trail free.

What is your view?
Click to expand...
You have a valid point but seriously? hm... i don't know.. i just don't have enough physical time to invest in investigating what's happening behind BTC market.
One thing I want to point out is: I thought tracking BTC ledger is impossible unless you provide your id?
 
ShadowMaster12 said:
It's rising at a speed of 200-400$ per day
It's already 2.6k now
You can expect 3k within 1-2 days
Click to expand...

1-2 days I think it's too quick, but we shall see. I'm sad that I hadn't bought BTC when it was 800$ at the start of the year :(
 
Alot of unrest in countries. Russia, Venezuela etc. China has had a downturn on their stockmarket so it's assumed they're flocking there.

Japan has legalized BTC and recognized it as a currency, which is big big news and I expect other countries to roll in.

Alt coin trading is growing daily and most trading pairs are BTC/Alt so people have to purchase btc to get alts.
Altcoins are being adopted by some MASSIVE companies. JP Morgan recently got on board with ZEC which is crazy too.

Big things happening. I see a crash sometime soon but who knows, it's all speculation.
 
In my opinion it's another tulip mania, many people I see have just discovered it and have started shifting their investments in BTC. Honestly, for now I'm staying totally away from BTC. Will rather wait for the time when market corrects the price itself and then depending upon the situation & market scenario will buy.

Read about tulip mania and other market crashes, it all started somewhat similarly.

Tulip Mania Chart:
tulipomania-rene-pronk.jpg
 
As prices keep going up there is bound to be a crash at some point. Not sure what is expected but definitely worth investing into some when the prices drop.
 
Some of my friends using BTC many years, long back when BTC was a new and they said to be few weeks ago that they made good profit.. However for my opinion things that are going up fast... also going down quickly.

However in this case I know many Internet Marketers moving to BTC these days from a reason that doesn't clear to much to me yet.
 
As I said in another thread, this is the time for people to get rid of their bitcoin, not buy. These little bubbles have happened many times. The market is far more likely than not to correct back down.
 
"So it seems BTC have risen by almost 450% within a year, is it even possible?"

Yes it's possible because that is what's happened.

Question should be - is it sustainable ?
 
MisterF said:
"So it seems BTC have risen by almost 450% within a year, is it even possible?"

Yes it's possible because that is what's happened.

Question should be - is it sustainable ?
Click to expand...

It can be sustainable if the governments start recognizing BTC.
 
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