Post
Topic
Board Economics
Re: What's the reason behind this mass price rise?
by
darthmaul
on 05/12/2017, 16:03:02 UTC
I know there has been some changes with Bitcoin, but I wouldn't think that anything big has happened (nor do I know of anything big that has happened) in the past month to justify this mass price influx. This is insane, and I really don't see a point to it.

I would expect some of you to know a bit more then me about it, so I await some more insight. Thanks!

One of the great reason for this one is futures companies investment plan into bitcoin this December month. They are supposed to come and get contract for bitcoin trading on their platform by 2nd week of December. So it might be the followers of futures investment who made the bigger moves in the market and then this also started chain reaction for the investment by other investors around the globe and thus making it grow fatter day by day. Also it was speculated already that prices will be 10K by end of 2017 and when we are nearing to the end more and more investors would love to get into the crypto before it is too late to buy.

Altogether effect? Increased market capitalism and thus very much good space for the bitcoin to spread around the world. :-)