Post
Topic
Board Speculation
Re: WHY BTC PRICE KEEPS INCREASING
by
magneto
on 14/08/2017, 09:14:25 UTC
I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?

It's not just people dumping BCC alone. Because BCC has actually been increasing alongside with the bitcoin price increase over the past few days(trend stopped today i think though since BCC hasn't gone up today).

I believe that it's a combination of people's optimism because they hear that Segwit is going to get activated very soon and they anticipate a pump, and therefore a lot of people are buying in; but also just pure speculation. People just buy in because they think that price is just going to keep going up(unlikely).

I would expect some adjustment soon, though. That would present a great opportunity to buy in.