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 the price increased so fast, I would assume that we had some serious investments from some mainstream investors, or maybe even governments or banks, or just strong financial entities in general. I would assume that they know more than we do - maybe miners aren't going to keep their word in November about 2x fork, so there will be no reason to panic. Maybe we'll have more bullish news soon - Lightning Network, more legalization by major governments, etc. Remember, it's "buy the rumors, sell the news", so we can only guess what is the reason for current bull run.