Now it is evident that Bitcoin price is at an all-time high. Prices have risen steeply, far too fast for my liking. I don't think such a growth is sustainable. The bubble is going to break very soon.
But what is causing such a price hype? I speculate this phenomenon is caused by the increase in the number of Bitcoin users. Hence, demand increases and supply dwindles. Thus price increases. Are there any other factors that could add to this price hype?
That's a good question, I'm hearing things that vtorrent launched and it is causing for this to be a big pump, there's some speculation something is about to go on internationally (and the rich just got a lot of their money into safer investments), and there's another source of speculation about someone getting the prices moving and everything shooting up in value.
I don't like it either, but I don't want to sell just yet. This isn't exactly something that is easy to read.