Re: Reason for the BTC price rise

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

Well I think its just because of bitcoin day night hard work because bitcoin make a place in a heart of people and now a huge quantity of countries have accepted bitcoin and some of them have make bitcoin legal in their countries so its users are also increased so its mean bitcoin trade is also increased so that is the reason that the price of bitcoin is high.