Quote from: laluna24 on August 15, 2017, 09:06:32 AM

Quote from: BCTBF on August 15, 2017, 05:43:04 AM

Quote from: kelceyott on August 15, 2017, 05:29:21 AM

Quote from: sieemma on August 13, 2017, 05:40:58 PM

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?

Because now people are still keeping it, not too many people want to sell the current bitcoin even though it's at a very high value. Meanwhile, the needs of people continue to increase. So, bitcoin still does not go down.

Because bitcoin is heading for $5000, maybe that's why not so many people are going to sell bitcoin now despite its very high price. I also still hold the bitcoin and it looks like I'll sell it at $4500.

Bitcoin keeps increasing because the demand is high and users still holding their btc. And it will continue be high and let's hold is a good decision for now.

One of major reasons is that since now few countries have legalized it and some are in process to make this as legal tender due to which the demand have being rising and as a result price is rising continuously. Also now people are not spending btc instead they are storing it due to which demand is high and supply is low. Thus is economics cause the price of bitcoin and other cypto currency to keep on increasing.