Bitcoin is still increasing because the demand for Bitcoin in the world market is increasing. Those states in the world who termed Bitcoin as illegal, are now recognizing Bitcoin as valid. Bitcoin is increasing the standard of living of people. Helping people to get extra money. People can easily meet their daily needs with profit in bitcoin. With the help of Bitcoin, it is being traded anywhere in the world. Finally, due to the excess demand of Bitcoin, its price is still increasing.
Topic: Bitcoin rises still, but why? (Read 1139 times)
I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.
Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
This is an interesting thought. Perhaps this is one of the reasons that bitcoin is very popular. What you say is not profitable and risky for exchanges, because bitcoin is the strongest cryptocurrency.
Because investors are still so panic to jump in out get out! This is a difficult time for bitcoin. But in my opinion everything will be well in February
You have to understand that Bitcoin is now entirely a speculative entity. It has no monetary properties any more - high fees, impossible confirmation times, etc. For traders, Bitcoin is just a safe brand, it "sounds" good, nobody of them cares about what Bitcoin is or is not, the only relevant feature of Bitcoin for them is that it must be good for speculating. And, until now, it has always been. That's it.
Bitcoin achieved the trust of investors and creates their demand and so many reasons are occured with Bitcoin. Bitcoin is the most advanced cin for business. Bitcoin has a stability and acceptance. So many matter are related with Bitcoin for rising its price.
That is why people want Bitcoin. Other than just using it for trading, it has a purpose beyond the markets. 
Maybe that is because Bitcoin is still having a high demand on the market even if its market value is falling. The reason behind this is the trust established by Bitcoin to its users. Users are awared that uts market value will eventually increase no matter how big the dump is. They still choose to hold making the demand high, and letting its market value to recover.
No doubt about this that the increasing demand of bitcoin users is increasing. I think we do not need to sell bitcoin right now but should try to buy more, because still bitcoin is the strongest crypto currencies and very soon its value will start increasing and hope that investing money in such project can be consider as more profitable. 
Maybe that is because Bitcoin is still having a high demand on the market even if its market value is falling. The reason behind this is the trust established by Bitcoin to its users. Users are awared that uts market value will eventually increase no matter how big the dump is. They still choose to hold making the demand high, and letting its market value to recover.
Bitcoin achieved the trust of investors and creates their demand and so many reasons are occured with Bitcoin. Bitcoin is the most advanced cin for business. Bitcoin has a stability and acceptance. So many matter are related with Bitcoin for rising its price.
You as right as regards the major reason why bitcoin is still high because it is majorly used on the exchanges to acquire the altcoins. As it is now, ethereum is also now being used which is giving it too more relevance.
I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.
Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
Bitcoin has a volatile value, so we expect for the price increase and price decrease. This is the time bitcoin is decreasing so let's patiently wait for the increasing price. Just don't give up to tour belief so that you will count as a bitcoin loyal. Because your loyalty will bring you to success.
One reason maybe bitcoin is still the far most popular coins in the cryptocurrency world. And second ethereum may have a bettee blockchain but still bitcoin is still the coins accepted as mode of payment, in which is the fairly reason why bitcoin still has the highest trading value in our crypto market today.
I think bitcoin already developed a huge power around itself so now it's almost impossible to change it and to have another coin higher than bitcoin
Bitcoins are growing, more and more people known bitcoins and they are seeing the benefits of bitocoin, so more and more people used it, the demand for bitcoins is increasing rapidly and it's prices are rising continuously.
what about what happened today? Is bitcoin down due to people who know little and also little demand?
yes it still rises, it is because bitcoin is in demand in the market and many users investing everyday in it, thats why the price of it still rises everyday and many uses bitcoin for their everyday transactions.
The answer to that is because the demand is getting higher and higher. The higher the demand for bitcoin the higher value it may become. It shows only that the volume of investors is so many thats why the demand is getting higher.
I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.
Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
On Wall Street people have seen a lot of views favor Bitcoin. Although there is still a clear division of thought between banks and Wall Street organizations on the virtual currency, many are on Bitcoin and the names Dimon and Jordan Belfort are stuck. left behind. Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?
If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).
For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more. It's embarrassing for any crypto to have such a long validation time.
I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.
I think exactly that is keeping the Bitcoin price high.
Comments?
Also posted here: http://rimbit.dk/showthread.php?tid=656
It is still rising and it will continue to rise because there are more supporters Bitcoin has than any other coin. Most of the crypto users hold some amount of BTC in their wallets. Bitcoin has grown so much this year and all of this is because of the new investors investing in Bitcoin these days.
Bitcoin almost doubled last month which shows how much money has flown into Bitcoin and how many coins have been holded by the investors. If people keep buying and holding BTC then it will skyrocket and break all the records.
Bitcoin almost doubled last month which shows how much money has flown into Bitcoin and how many coins have been holded by the investors. If people keep buying and holding BTC then it will skyrocket and break all the records.
Yes, bitcoin is still rising because of the support of the people who have trust in bitcoin and keep believing that bitcoin will give them a good investment for rhe future. As we can see also that the price of bitcoin compare to previous years are rising. So I think it is the people that keep investing in bitcoin is thw reason why bitcoin is growing faster.
Hi,
Indeed if you consider technical issues, bitcoin is lagging behind. Some of these issues are linked to the fact that bitcoin is the best-known alt coin, so of course, it gathers more users. I am not a technical expert, but I would say that many alt coins would face the very same problems if they were as popular as btc.
What you call for is actually understandable, but I think this won't happen. Not because of any kind of conspiracy or technical limitation, but just because bitcoin is the emblem of all crypto currencies. It was the "first", it is THE historic crypto money.
You can't get rid of a symbol. If bitcoin was to be replaced, I think the community would see many members leaving..
Indeed if you consider technical issues, bitcoin is lagging behind. Some of these issues are linked to the fact that bitcoin is the best-known alt coin, so of course, it gathers more users. I am not a technical expert, but I would say that many alt coins would face the very same problems if they were as popular as btc.
What you call for is actually understandable, but I think this won't happen. Not because of any kind of conspiracy or technical limitation, but just because bitcoin is the emblem of all crypto currencies. It was the "first", it is THE historic crypto money.
You can't get rid of a symbol. If bitcoin was to be replaced, I think the community would see many members leaving..
Bitcoin is the first! Popularization through mining, in the early years, has led to the growth of investors now. The uniqueness of its code has not yet been fully appreciated.
Bitcoin still rises because people are continues to buy it. As long as people are interested in buying it it will continue to rise.
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