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Xiauj
Xiauj Xiauj

Serious question, what is making Bitcoin rise so much? o.O Like, is there a specific reason because if there is, I can't understand it and why it's making such a huge rise for Bitcoin. I can understand that crypto-currencies as a whole are popular because you can mine them and what not... but like, what physically is making it rise? I don't understand the reason. Bitcoin at this stage is nearly at $17,000 USD which is insanely high, somehow.

  1. PCGuy_5960

    PCGuy_5960

    Idk, but I wish I had bitcoins. xD

  2. Xiauj

    Xiauj

    @PCGuy_5960 I'm gonna take a wild guess and assume that everybody is more than likely thinking the same thing..! xD;)

  3. TopHatProductions115

    TopHatProductions115

    It would only be profitable if you had gone to the exchange with 100 USD around 3 years ago. That amount has more than quadrupled since then. I would know, because I had less than a dollar in BTC (not forked) back then. It's now worth almost 10 USD.

  4. handymanshandle

    handymanshandle

    It's a bubble thats overdue to pop it could rise because of that bubble but it's not going to pretty when it pops

  5. TopHatProductions115

    TopHatProductions115

    A smart BTC holder would know to be on standby - ready to pull the funds out if the curve plateaus hard, and begins to dive. Send it to an intermediary service (between the BTC wallet and your bank), and pay your taxes. Then, send the remaining funds to your bank.

     

    That's how you play safe...

  6. MEC-777

    MEC-777

    Earlier today I tried to log in to the Kraken exchange but it was getting hammered and is down in my area. Was going to purchase a portion of a bitcoin and join the ride to the top, but that ain't happening now and the risk is crazy high. Will stick to mining ETH and Monero for the time being. To answer your question; I don't know. What makes these markets "rise and fall" is beyond me. Seems like the slightest thing can make it jump or dive. 

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