Quote from: camarasikhou1945 on December 22, 2016, 12:01:24 PM

Quote from: ged00u on December 22, 2016, 11:25:05 AM

I have gone for business in about 45 minutes and 1BTC = $870. When I came back home and check the bitcoin prices, It dropped to $850. What just happened ? Can anyone tell me ? I have checked the cointelegraph and coindesk and still no result.

I think that Bitcoin increase of 4 reasons:
1. The need to use Bitcoin currency is rising
2. In a large number of countries are gradually accepting Bitcoin
3. The number of investors has increased Bitcoin, the reason no one has been lost due to poor security Bitcoin, except for users to expose private keys for hackers
4. At the Stock Exchange Bitcoin is growing strongly in the major countries, especially China, which has significant impact to the world!

1. i really can't see how this "need" has increased!
2&3. i fully agree.
4. i agree but it has always been big in China.

and also i have to add while i agree with all of these but these reasons are only contributing to the gradual rise of bitcoin price and none of them are explaining this recent rise.