Post
Topic
Board Speculation
Re: Reason for the BTC price rise
by
jorneyflair
on 03/11/2017, 22:15:15 UTC
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.

Yep. Ethereum is the platform that is most associated with ICOs and its price is actually going down from its all time high by 60-70% now. Bitcoin on the other hand does not offer a platform for ICOs to issue its tokens on, yet its price is rising.

Segwit2x could be a possibility, but i think it's just institutional investors catching on.

Bitcoin has a lot of potential and it's just realising this now.