Quote from: miyong on November 03, 2017, 12:31:21 AM

Quote from: micloop on November 01, 2017, 07:44:02 PM

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

Bitcoin definitely rising because of the people that believes the ability of bitcoin and put their investment with it, a lot of investor are engaged with btc because they find it more valuable at this time.

It is true that higher market demand makes bitcoin prices increasing. Increase in bitcoin price is needed because it can make this coin stronger.
So how far bitcoin will develop? It all depends on market demand.