Quote from: Kemarit on November 03, 2017, 10:04:55 PM

Quote from: luizhenrique123 on November 03, 2017, 09:41:03 PM

Hello,

So the BTC today is >USD 7,000 and keeps rising and I searched in the web for possible reasons why this happens and forecasts. I found this news (https://www.forbes.com/sites/insideasia/2017/11/01/bitcoins-6400-price-tag-explained-by-initial-coin-offering-craze/#1e12e4a137d6), for which I think this explanation is quite interesting and compelling.

What do you think of this? Any arguments?

Thanks,
Luiz

Garbage post. Bitcoin is now above $7000 and ICO has nothing to do with the recent price increase. The increase today is due to the looming Segwit2x activation in mid November. And countries are cracking down on ICO's, countries like China, South Korea and the ICO are heavily watching those so I doubt that it contributed to the as least significantly rising price of bitcoin today. Not everything you read in the internet is true, specially about bitcoin and crypto, most of the writers now don't know anything about bitcoin, they just write about it because bitcoin is very much enjoyed by a lot of people and they are just riding out of its popularity.

Bitcoin price was increased recently because the world biggest exchange CME announced they'll later introduce bitcoin trading on their platform by the end of this year, 2017. Bitcoin value is growing everyday because there is high demand of bitcoin by people around world. Lots people are now buying bitcoins because they see bitcoin as an opportunity and also has huge potential in the future. Bitcoin is now making a lot people rich by just buying and holding because the price is on the steroid.