Post
Topic
Board Bitcoin Discussion
Re: Why BTC is rising the price?
by
TravelMug
on 01/11/2017, 21:29:31 UTC
Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html

If could be that the mentioned articles have something to do with the increase of price of bitcoin, although that news came about like 2 days ago already. I think the real reason is the upcoming segwit2x implementation. All investors are very bullish about this activity that's why they continued to buy bitcoin as a very steep price because the price could go higher after the segwit2x. Remember that our market is based on speculation, so the more positive news we have the higher the prices is going to be.

Just to continue to hodl and don't let your coins right now because the price is going to the moon. We should all maximized our profits. The future really look bright for bitcoin market.