Bitcoin prices rise high - page 55. | Bitcointalksearch.org

pinkpanther03

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Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

Most of the people who get easily panic of dropping the price value of bitcoin are those newbie or if there is an old member already doing the same thing of what others did are not really totally deep in bitcoin.

just a man

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Quote from: malikusama on June 16, 2017, 06:41:34 AM

Off course many people are attracted towards the bitcoin investment due to this much increase in price of bitcoin this year than past. Success stories of old bitcoin users also made people to start buying bitcoins and working.

Well it looks like the price of Bitcoin is going up while there is more people looking to invest in it now that there is green also in the listings within CoinMarketCap. I think that Altcoins are a scam though, having Bitcoin is enough to make people money if they decide to store it properly.

setupbounds

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Quote from: flower1024 on June 13, 2017, 02:22:38 PM

Quote from: yakushev on June 13, 2017, 01:34:45 PM

Quote from: bouren on June 13, 2017, 11:49:17 AM

Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more

Yes last year there is no much growth in bitcoin, since last 6 months, it was a big improvement in bitcoin users. And last month when that virus attacked to all over the world and hackers demand their money in the form of bitcoins that time media also made publicity for this bitcoin. It was a big impact on bitcoins. Now people are taking little bit serious about bitcoin.

Yes no doubt many of the people came to know about the bitcoin at that time but to be very honest it was not in a good at that time but in fact it turned the bitcoin as a bad currency to many of the people because of the demand was by the criminals.

The real pump in the bitcoin price was made by the stance of the Japanese government who recognized it for a good reason for the payments.

malikusama

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Off course many people are attracted towards the bitcoin investment due to this much increase in price of bitcoin this year than past. Success stories of old bitcoin users also made people to start buying bitcoins and working.

naidray

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Quote from: Xester on June 13, 2017, 01:27:45 PM

Maybe but not all people are like stopping to do their job or work and focus in bitcoin. Maybe if they are good on it and have many bitcoins to continually maintain, maybe. If ever I have a huge amount of bitcoin maybe I would do also what other people are doing. What you earn from bitcoin were still income and money so it is almost just the same.

This is how the world economic cycle keeps balanced. Not all the people at the same time can go for the only activity otherwise there will be a huge imbalance in the world and things will not set up. In each the case there are some opportunities for some people and for some they find them in the other activities.

If all the people start backing for the reason that they have to eat and let the others to do so then how will all the other activities be performed ?
Not all the people can be the active users of the bitcoin.

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Quote from: arcanayou on June 15, 2017, 10:26:55 PM

Bitcoin prices do rise high, but not something that surprises me, my friend a few months ago told me that bitcoin prices will come to $ 5000, he is always right to predict bitcoin prices, so I believe what he said

The price will go up that high if there is a bunch of people that hold their coins while the price of it goes up. Since there is bunch of people trying to trade within the popular Bitcoin Exchanges, the amount of Bitcoins that people have grow smaller since most Exchanges will have them even though they are sitting in their online accounts.

arcanayou

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Bitcoin prices do rise high, but not something that surprises me, my friend a few months ago told me that bitcoin prices will come to $ 5000, he is always right to predict bitcoin prices, so I believe what he said

chalkboard17

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Quote from: bitcoin31 on June 15, 2017, 10:50:47 AM

As of now the price of bitcoin decrease to 2100 dollars . I hope the price will back again at $2600 last week. But even the price of bitcoin down it is good to us because they have chance to buy more bitcoin and make profit after that.

thanks to the whales. They always know how to surprise us and make a big dump so that we can easily collect more bitcoin from panic sellers. It is very cool though. Whales are supporting real bitcoiners haha

Duzter

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The price has fallen much down that none of the users could have thought off, but the positive hope of price increasing back towards the $3000 tag keeps them active and make speculations on the best features of bitcoin against the altcoins which too is experiencing a fall in price.

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Quote from: bluefirecorp on June 15, 2017, 03:18:12 PM

Quote from: bouren on June 13, 2017, 11:49:17 AM

Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

Yes, there is a huge difference in the current period and the past 2011. The bitcoin now is legally a recognized way of payments by the government of Japan and this move of the Japanese government has taken the Bitcoin prices way high. People in 2011 were not sure whether it will work or not but today people demanding for the bitcoin at a higher price, understands very well the power and potential of the Bitcoin.

to me i think another difference is that the community of bitcoin is too much high in present time as compare to 2011. in that time it was easy for the big whale to manipulate the price of bitcoin but i think in present time when the users of bitcoin are too much, it has become too much difficult for them because the users of bitcoin are spread everywhere.

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Quote from: bouren on June 13, 2017, 11:49:17 AM

Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

Yes, there is a huge difference in the current period and the past 2011. The bitcoin now is legally a recognized way of payments by the government of Japan and this move of the Japanese government has taken the Bitcoin prices way high. People in 2011 were not sure whether it will work or not but today people demanding for the bitcoin at a higher price, understands very well the power and potential of the Bitcoin.

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Quote from: emezh10 on June 13, 2017, 10:00:37 PM

Quote from: Kusheez on June 13, 2017, 06:48:12 PM

Quote from: voltesbit777 on June 13, 2017, 06:21:01 PM

Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

Indeed, majority of the people all around the world now are having interest unto bitcoin. Because, Dell, apple, and other popoular compay are now bitcoin accepted. so no wonder why bitcoin is getting higher,

I have to admit, I just found out about bitcoin and purchased my first coins at 2500ish. I sold and repurchased a few times since it went all the way up to 3000 (YAY!!), but I don't know if it will sink below my purchase price, it's kind of close and I would hate to lose any of the profits I have made, this has been great!!

But, if it goes really low, maybe a chance to buy even more cheaper! I only wish I had heard about all this sooner Sad

I think anytime is the best time to buy because whatever it takes the bitcoin will pump because the bitcoin is subdue to thee law of supply and demand so Basically the bitcoin will pump as time pass by so whatever price you buy it you will gain profit as long as you go for long term invesment.

Yes you are right the formation of the bitcoin is like such that it works on the law of the supply and demand and with the passage of time we have seen that the demand for the bitcoin is increasing because people are realizing that how could the bitcoin help them financially to grow better. This high demand is the real reason for the increasing price of the bitcoin.

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Quote from: bitcoin31 on June 15, 2017, 10:50:47 AM

As of now the price of bitcoin decrease to 2100 dollars . I hope the price will back again at $2600 last week. But even the price of bitcoin down it is good to us because they have chance to buy more bitcoin and make profit after that.

Well, we still don't know is the price of bitcoin will increase or not. But i hope so too, i think people will start buying bitcoins again when the bitcoin's price stop going down. I already expected though that someday the price of bitcoin will fall like the last time, but let's hope it will increase again soon.

Harlot

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Quote from: Xester on June 15, 2017, 10:58:38 AM

Quote from: bitcoin31 on June 15, 2017, 10:50:47 AM

As of now the price of bitcoin decrease to 2100 dollars . I hope the price will back again at $2600 last week. But even the price of bitcoin down it is good to us because they have chance to buy more bitcoin and make profit after that.

That was a positive attitude. Though it really hurts to know that bitcoin price goes down to up to half a thousand dollars, you can still make a positive outlook. Hope that its price goes up again. I was really into bitcoin right now. And making bitcoin a sideline job to finance my daily needs.

This is because of the amount of profit taking happening is so high that is causes panic selling of the weak hands. Big players intended to take advantage of the cheap price bit by bit. But from the history of Bitcoin's trend I know one thing is for sure that recovery from price falls is inevitable to happen. Don't minor losses fool you into selling your position, you are only contributing to the panic what other consumers are doing, so if I were you just hold your position and better believe that Bitcoin will come back near 3000$ again.

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Quote from: syarifbitcoin on June 07, 2017, 07:33:49 PM

Maybe . The more bitcoin users with the limited number of coins will make the price more expensive.
If all online shops in all countries accept bitcoin as a means of payment, maybe the price will be double the current price even more
And many more factors affecting bitcoin prices in addition to numbers and users Cheesy

To be exact , bitcoin do follow the principle of law of price and demand. Where the movement of its price is dependent on the sudden changes of the stock on the market of bitcoin. We could also say the the increased of the no. of the support if bitcoin users or the its community makes the price of bitcoin go high or rise. It means the total numbers of the community of bitcoin that uses bitcoin on their transaction is one of the factor of the development of bitcoin in terms of value and price.

Xester

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Quote from: bitcoin31 on June 15, 2017, 10:50:47 AM

As of now the price of bitcoin decrease to 2100 dollars . I hope the price will back again at $2600 last week. But even the price of bitcoin down it is good to us because they have chance to buy more bitcoin and make profit after that.

That was a positive attitude. Though it really hurts to know that bitcoin price goes down to up to half a thousand dollars, you can still make a positive outlook. Hope that its price goes up again. I was really into bitcoin right now. And making bitcoin a sideline job to finance my daily needs.

bitcoin31

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As of now the price of bitcoin decrease to 2100 dollars . I hope the price will back again at $2600 last week. But even the price of bitcoin down it is good to us because they have chance to buy more bitcoin and make profit after that.

Sharah E

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Maybe yes, every chance to get rich easily, people will definitely try and do it, maybe very high bitcoin prices become the main cause many people want to know about bitcoin

micher143

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Quote from: mamaita on June 07, 2017, 07:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

Precisely that is the main reason however for me the real reason is the opening of many online works where you can earn bitcoin and the opening of trading into the internet which is more better than stocks trading so I think the main reason is the growing of online activities where you can earn bitcoin.

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Quote from: sportis on June 14, 2017, 03:59:44 AM

I don't see it exclusively as 'growth of bitcoin' when price is rising and vice versa. Bitcoin is currency but a volatile one with a not big market cap. I will see it as growth when people prefer to transact each other using it instead of fiat money or other way payments.

Well in this regard I can only say that your analytical approach is a weak one.

Being practical each and every transaction is not possible to be deal in the Bitcoin because you don’t have to pay a fee on the fiat while paying a merchant for your grocery items that you purchase for daily life use nor for the food that you buy from the restaurants if you have to pay it in the Bitcoin you have to pay extra the transaction fee.

I personally will never do it but still I know the scope of Bitcoin transaction for long distance and I am seeing the growth of the Bitcoin.

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