Quote from: Nikkolodeon on January 15, 2018, 04:35:02 PM

What is the main reason of the rising value of bitcoin and what are the reasons of it falling?

People trying to make a ton of money out of it. It's supply & demand, like others have stated, but not the way to think of it. People aren't buying it, because they want to use it...
People buy it because they want to sell it for more, which will cause a lot of people to lose a lot of money, even if it keeps rising for years to come!

Quote from: Jating on January 15, 2018, 05:11:15 PM

Quote from: Nikkolodeon on January 15, 2018, 04:35:02 PM

What is the main reason of the rising value of bitcoin and what are the reasons of it falling?

Theory of law and demand. Generally, as bitcoin demands keeps increasing and the bitcoin can't have difficulty supplying it, then the price increases. And then there's the positive news coming from different sources. This makes people go to the market and buy bitcoin resulting to the price going up. And vice versa, if there's a bad news, it cause the price to go down drastically.

Another reason is manipulation, there's a unwritten rule that whales do sometimes want to manipulate the price is either direction. Remember they can only do that because they have huge amount of bitcoins to begin with. It maybe a individual or group or individuals or sometimes financial investment company.

Law and demand? That's a new one Cheesy