Post
Topic
Board Speculation
Re: rapidly increasing price
by
avatar_kiyoshi
on 01/11/2016, 12:59:18 UTC
Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump

This is natural for bitcoin price movement, just like rollercoaster.
The cause price move up is there's buy action and otherwise. The wider cause price up is the demand is more than supply, this is why if halving time coming there are a jump price.