Post
Topic
Board Speculation
Re: Reason of increasing bitcoin price
by
caldero
on 02/06/2017, 17:58:35 UTC
Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?

There is no easy way to predict bitcoins price, just follow the news and think of how many people are seeing that news and deciding to put money into bitcoin. The more mainstream it becomes the higher the price will go. There is obviously also a speculative value to it but that kind of pump is the one that usually gets dumped later. I'm of the opinion the current price rise is mostly due to wider adoption and only a little bit from the speculative side.