Quote from: whisee on November 05, 2017, 10:13:48 PM

~
if Amazon news right and they support bitcoin price will increase with 1k$ every day

i am afraid by the time Amazon starts supporting bitcoin, the $1000 rise per day would be 1-5% rise which is going to be nothing.

Quote from: diouf67 on November 05, 2017, 10:09:47 PM

Segwit2x is definitely having an effect on the price, but i can't help but feel that there is some other reason that we are all missing, I guess all the new publicity also helps attract many new investors.

the effects of forks is two different effects and most people miss the secondary effect.
- the first which everyone knows about is the rising effect that comes before the fork because some people prefer buying bitcoin in order to receive any possible new coin that may be created from bitcoin. that is increasing demand that can lead to rise before fork. but these people may sell after it which means the demand will go away and price goes down.
- the second one which people miss is all the others who stay away because of fork. they fear the fork so they don't invest before the fork and lower demand means price goes down. after the fork these will start buying bitcoin because the fork would be over by then and that is price rise.

the combination of these two at both times (before and after the fork) gives us the direction price will go. so far the first group buy more before fork (so rise happens) but not all of them dump and the second group comes in here (so the rise happens again after it too).