Post
Topic
Board Speculation
Re: Why Bitcoin going up?
by
Pettuh4
on 12/11/2017, 19:38:10 UTC
Why is bitcoin going 3% up each day?

Perhaps this is due to the continuous increase in Bitcoin's demand because people are getting ready for the upcoming fork (cancelled now). The increase in demand is the only factor that would provide justification to the exponential increase in Bitcoin's price. We should be aware that Bitcoin is not yet that popular around the world. And since Bitcoin is progressing in this matter, the increase is not shocking at all.

Well it's due to the consistent global adoption of bitcoin because it seems to grow consistently in recent times but it took a deep dip about three days ago ansd hoping to see it recover some time this week.