Quote from: Sauvonsnosculs on June 11, 2016, 12:18:29 AM

Quote from: DarkStar_ on June 11, 2016, 12:07:28 AM

The reason the price of bitcoin is because it is a supply/demand market. Recently, there is more demand than supply, which pushes the price of the sell orders up, since not enough people are selling at that price. The reason there is more demand could be that people are buying to try and make some profit after the halving, or it could be that after the price went up a bit, people thought it was going to rise more, so others bought bitcoin as well. No one knows for sure if it will keep going up. We can only speculate on that. I don't think this would have any consequences really.

Thank you for your reply, I already know relationship between supply and demand, but why now? Halving will be when? I think that it happened only once in the past, right?

Yes hes right men the more the demands the more bitcoins price well soar high and thats the effect happening now since many people are intended to hoard and to buy and the after effect of it is the bursing of price per btc and surely it will go up fore more than we expected since many people stillbdoing hoard and have positive minds about this halving event come,