Quote from: Finestream on January 02, 2017, 03:47:14 AM

Quote from: GreenBits on December 31, 2016, 05:11:47 AM

Quote from: Woodie on December 31, 2016, 03:01:05 AM

Yes we can manipulate the price of bitcoin using demand and supply which I believe is the so reason for the recent bitcoin price booming as a result of high demand for btc around the world

Ha! I didn't agree with you , in my opinion why the Bitcoin price now is increasing recently its because ths is the effect of halving that happen this year.

Not mainly, there are a lot of positive things that happened which affects the price of bitcoin to increase. If you will analyze carefully which is a must for every investors, the real reason behind the success is us, we keep supporting bitcoin and it has come to the attention to a lot of people and that adoption rate have increases. It's a continuing process as the price is mainly depending on the demand of the people.

Agreed, if no one was buying bitcoins then the price of bitcoin shouldn't be increasing. Halving just mainly affects the miner because it divides the block reward by two. Halving is affecting the price as well but not directly. For example, if there was no bitcoin halving happening every four years, then the block reward would still be relatively large and the price wouldn't be like this.