Topic: Biggest Driver For BTC? (Read 1448 times)

Africa, wtf? Africa dont drive shit

supply and demand people. the supply of bitcoin is increasing slower than the demand for it. as for what drives all this new demand i would say its the prospect of it increasing in value. the only reason it is so high in value at the moment is because more people keep buying it which increases its value causing more people to buy ad infinitum. this is why we get these patterns of exponential growth. with btc being in the media lately demand has greatly increased. For those who think bitcoins use as a medium of exchange is driving price, i think thy are mistaken. the demand for that use just isn't that great. i think the growth we see is kind of a self fulfilling prophesy. everybody is buying because they expect price to go up, they only profit if more people buy as well. it wouldn't surprise me if btc turned into some kind of pyramid scheme, not because it was designed to be one, but because it could be exploited and turned into one. Although, i guess you would have to consider it a decentralized pyramid scheme. as i think the market is controlled by our collective fear and greed, and not any individual or small group.

its funny, i dont think btc will ever see mass adoption, but i think it will grow in value just because people will continue to decide it has more and more value, because the numbers keep going up and going up fast. I buy bitcoin to get in before the bubbles and to get out before the pop. i profit on others loss. I chase those exponential curves. so speaking individually greed drives my demand, and i think its the same for most recent adopters.

New markets such as china, India and Africa....

The biggest driver for BTC is investors trying to make a profit, i guess.

There is a world population of 7 billion to potentially use bitcoin.  There are probably only a few hundred thousand using it now.  So any increase in popularity can create an enormous increase in the number of users which also has the potential of huge increases in bitcoin's price.

The biggest driver of BTC price is new money, pure and simple.

The biggest driver of BTC growth as a network that transmits wealth - dedicated technically abled individuals united by open source collaboration.

I've been waiting for the inevitable $1000 BTC for a couple of years and the time is now upon us (nearly).

Here are the drivers for the BTC rise to 1K and beyond:

1) BTC is a natural component of a one world currency in the NWO globalised regime
2) The Chinks have 3 Trillion $ to dump
3) As "digital cash" BTC is the natural choice of discrete international trade over the internets
4) It a gold replacement

Thants enought brain thinking, BTC  = $1000 easy. $10k.. probable