Post
Topic
Board Speculation
Re: Reason of increasing bitcoin price
by
Qunenin
on 07/05/2017, 16:33:37 UTC
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?

The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan.  There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin.  There is also some new about major company in Japan moving in to join Bitcoin economy.  Aside from that, the announced SEC review on ETF decision is quite pushing the price too. 

In predicting the price of bitcoin, we can have the news and certain action of big player in the industry.  They are good reference for bitcoin price movement.

Well Earlier this year it was china who made Bitcoin price rise to nice heights and now Japan News of adapting bitcoin making it rise to another level. I wonder when more countries legalizes bitcoin how much greater impact it can bring to bitcoin price rise.