Bitcoin more expensive for a hundred dollars a day. What's going on?

 In mid-may, bitcoin has risen to $ 2,000, which is two times more than in the beginning of the year and five than five years ago. Single version about why is getting more expensive appeared less than nine years ago, the cryptocurrency, but there are a lot of guesses. "Medusa" enumerates the main ones. Bitcoin rises in price dramatically since the end of March. During the short century of the existence of bitcoin rarely close to the mark a thousand dollars, and the entire first half of last year ranged from 400-600 dollars. The growth rate began in August last year with a few gaps still ongoing. The mark of a thousand dollars a bitcoin has overcome in January 2017, then rises to $ 1,200, by the end of March has fallen back to a thousand — and since then, shows record growth, sometimes adding 100-150 dollars per day.Something like this in the history of cryptocurrency happened only once — in 2013 when for the month the exchange rate of bitcoin has grown over a hundred dollars to almost a thousand. 

 Bitcoin is growing at the expense of Asia — and beyond. From 1 April, bitcoin officially recognized as a legal form of payment in Japan, the third largest economy in the world, and it assures investors in the reliability of cryptocurrencies. Trading platform where bitcoins are traded, fixed a manifold increase in transactions, with the yen; there has been talk about the legalization of bitcoin in Australia, India and Russia; do not abandon attempts to assign them the status of the financial instrument and the USA.At the beginning of the year, among the reasons for the growth rate was called the influx of investors from India and China, where the fall in the price of the local currency.Another reason is the General interest in the cryptocurrency. To "go" in this market, investors often buy bitcoins, and then spend it on other cryptocurrencies, for example, the second most popular after bitcoin, Ethereum. Now grow almost all cryptocurrencies are from the same Ethereum and Ripple to the exotic "doichinov".The share of bitcoin in the world economy is still insignificant. There are now 16 million bitcoin, but transactions are made daily with less than a million of them; the daily trading volume is about two billion dollars. As writes The Financial Times, from the point of view of the world economy bitcoin as noticeable as Uzbekistan sum, despite the high cost of one bitcoin, their total mass is negligible. It still buy mainly for investment, and not for them to pay — and, hence, the cost of bitcoin remains overspeculating.To give long-term Outlook for bitcoin is virtually impossible. The speculative nature of the course, the lack of communication with a relatively predictable stock market and complete independence from financial regulators means that a cryptocurrency can happen anywhere — from a sharp rise to a crushing collapse. In addition, bitcoin has one big problem: the transaction committed a long time (up to hours) due to the fact that their conduct need significant computing power to verify transactions. The more transactions there are, the slower they pass.There is a relatively large initiative group Bitcoin Unlimited, which offers to increase the size of the block in the bitcoin blockchain, so as to speed up transaction processing. This idea has a disadvantage: the increase of block size will result in a second currency — a "new" bitcoin, which will work along with the "old". Concerns about the fragmentation of cryptocurrencies has led in mid-March to fall of course, as investors began to move to other cryptocurrencies.

It's just hard ), its price is growing with incredible speed )) I think soon it will collapse.. what do you think ?

Source : https://meduza.io/feature/2017/05/22/bitkoin-dorozhaet-na-sto-dollars-v-den-chto-proishodit