Quote from: Hallmader on November 08, 2017, 12:22:16 AM

Quote from: johnwing on November 05, 2017, 10:36:11 PM

Why is bitcoin going 3% up each day?

It is not 3% each day but there is a very consistent growth for Bitcoin right now. This is mostly brought by the upcoming fork which is deemed very important for Bitcoin holders. For the past instances of Bitcoin Cash and Bitcoin Gold, there are free of these two kinds of coins to the Bitcoin holders. That is why, right now that B2X is coming, people are rushing to shift to Bitcoin in order for them to avail of the free B2X coins. The demand therefore rises.

Bitcoin price movements can not be ascertained because sometimes it decreases significantly, increases significantly and Bitcoin prices can be stable in a long time. one to note is the emergence of B2X which can make some speculation, It could be bitcoin prices decreased and could be increased. but when the demand factor is still high and also the public trust to Bitcoin is still big then I am sure bitcoin price will not decrease significantly. even if bitcoin can continue to be developed and applied to various financial aspects of the world then I am sure that Bitcoin can reach its heyday as a legitimate currency.