Re: What makes Bitcoin to move this fast?

Quote from: batang_bitcoin on December 07, 2017, 11:43:08 PM

Quote from: ceferov on December 07, 2017, 10:35:15 PM

Guys I'm wondering why BTC is moving this fast to up? With logic there should be a huge amount of money flew into BTC market but I don't see any reason to make this happen.

Is there any economic reasons about this massive flying to up? What are your opinions about this happenings? Huh

Demand itself is what bitcoin move this quick. And also there is a CME effect and I guess this is also with the so called McAfee effect that I've seen on facebook. McAfee was interviewed by someone over the facebook live video call and he said that bitcoin will be going at $20,000 early this upcoming January 2018 so everyone is trying to buy now and it helped a lot.

The demand of bitcoin is higher than the supply that is bitcoin price is getting higher everyday. There are only 16 million bitcoins globally, how do you expect 16 million bitcoins to satisfy the need of over 4 billion people connected to the internet today? It is not possible, right? That is why the price of bitcoin is getting bigger everyday.