Many people questioning the excellence of bitcoins in our industry. In fact they are still number one and successful along its journey in cryptocurrency.
The reason behind why they are still number one and rising so high is because of they are flexible and always innovates their system in order to meet and achieve all demands of their investors.
The bitcoin always focus not on profit but on how to satisfy each demands in order to have a good feedbacks.
Topic: Bitcoin rises still, but why? - page 3. (Read 1229 times)
Bitcoin will stay dominant because it pioneered and make way for other Cryptocurrencies. Ethereum and other Altcoins was been developed not to compete with Bitcoin, but to improve what it started. Creating new technologies help to boost up the bitcoin. And i think bitcoin also still rise because of a higher demand in different countries.
I think the reason why bitcoin rising it is because of rising community of bitcoin user also it become popular in many country. Therefore bitcoin will still rise even there are fluctuating in price, also because of the rising value of bitcoin many people is become much interested to it.
Someone remember the pizza billboard?
That pizza is now worth 21.5 million LOL
Shit's ridiculous and I love it.
That pizza is now worth 21.5 million LOL
Shit's ridiculous and I love it.
I concur with other views of it being the first in Crypto, but the elephant in the room is, that Bitcoin is an asset class/ store of value dare i say like gold bullion.
You invest in gold for the future and to store in your portfolio should you require it at a later date.
When you cash out your gold, sure you need to take it out the safe, call the mint then line up then pay a fee to convert the gold to fiat.
On the other hand you can just walk up to an ATM and draw out the same money a lot faster and buy what you want in an instant.
Its the new gold for the public at large and a store of value for us <100k block height miners / investors long time holders.
Although that is not what Satoshi wanted it has become the default store of value globally.
Its in demand and by a wider community now than 3-4 years ago where it was purely the domain of the programmer / dev /pc nerd.
Its demand wont stop, sure it might wane with the FUD out there but it has by far the most believers in the crypto world.
Belief in Bitcoin is a powerful thing, without it we wouldnt be having this forum or this discussion and it would have disappeared with the EverQuest Platinum of years gone by.
You invest in gold for the future and to store in your portfolio should you require it at a later date.
When you cash out your gold, sure you need to take it out the safe, call the mint then line up then pay a fee to convert the gold to fiat.
On the other hand you can just walk up to an ATM and draw out the same money a lot faster and buy what you want in an instant.
Its the new gold for the public at large and a store of value for us <100k block height miners / investors long time holders.
Although that is not what Satoshi wanted it has become the default store of value globally.
Its in demand and by a wider community now than 3-4 years ago where it was purely the domain of the programmer / dev /pc nerd.
Its demand wont stop, sure it might wane with the FUD out there but it has by far the most believers in the crypto world.
Belief in Bitcoin is a powerful thing, without it we wouldnt be having this forum or this discussion and it would have disappeared with the EverQuest Platinum of years gone by.
Like what you have pointed out, BTC will stay dominant because it pioneered and make way for other Cryptocurrencies. Ethereum and other Altcoins was been developed not to compete with Bitcoin, but to improve what it started. Creating new technologies that gives us other options what Bitcoin might be lacking of. The new ones such as BCC are the one trying to compete. Because it created a hype that causes fear to the public that Bitcoin might be down for good. Which I think work out, due to its current market value as evidence. However, there is no coin up to date that can surpass BTC market value. It only shows that even there are other options to start investing in this digital economy, people will stay loyal with Bitcoins, through ups and downs, it will continue to rise up.
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.
a good statement, and I agree with you.bitcoin always makes everyone confused and disbelieving. within a few months bitcoin was able to reach a value of $ 18000 more, but today is still down.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.
and I'm sure, more people will invest in bitcoin, so bitcoin will increase.
Because many countries acknowledge and authorized crypto that's why it continue to grow,we can also say some investor enjoys crypto that why it get grow.
It a great thing that you see the bitcoins in crypotocurrency is dominating.
The reason behind why the bitcoin is rising up because of their strategy that focusing on how to satisfy the demands of the investor through this they can be able to get a huge demands that will support their services.
The reason behind why the bitcoin is rising up because of their strategy that focusing on how to satisfy the demands of the investor through this they can be able to get a huge demands that will support their services.
Well precisely because those who manage these pools, usually charge a commission every time one of the miners "affiliated with the cooperative" wants to send their income to their portfolio. That commission varies according to each pool, and also depending on the amount you want to transfer after mining days. I think maybe this kind of demand for one of the main reasons
I think the best reason behind why bitcoin is still on the top because they know what the needs of their market are.
They know how to adopt and improve themselves in order to provide a excellent quality service from this many investors are trust and loves which leads them to become number one.
They know how to adopt and improve themselves in order to provide a excellent quality service from this many investors are trust and loves which leads them to become number one.
Because bitcoin provides excellent quality service to their customer; with this they show to the public that they know how to value every customer,
which can gives them good feedback and recommendation that can increase the demand of bitcoin in the market.
which can gives them good feedback and recommendation that can increase the demand of bitcoin in the market.
Bitcoin price rising in this time due to the popularity of bitcoin self, and so many hype now. You can see and no need technical analysis for this, lots of people turning into hypebeast and buy bitcoin massively although these people do not know about bitcoin and cryptocurrency. That's why the bitcoin price keeps going up.
the opinion of the crowd, if bitcoin to date gives the advantage of why it should be removed, but also bitcoin has been running for so long with a very slick system, so bitcoin is always highest than the others.
It's because BTC was the first.
Ethereum is what has risen coming of it.
Think of it like this is what Ethereum will be known as
https://bitgiftshop.com/product/vitalik-jesus-all-over-t-shirt-blue/
Ethereum is what has risen coming of it.
Think of it like this is what Ethereum will be known as
https://bitgiftshop.com/product/vitalik-jesus-all-over-t-shirt-blue/
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.
as long as the demand is increasing like this, price will keep on increasing. no surprise.
I'm pretty confident that BTC is rising in popularity and spreading throughout social media like wild fire. There's been a huge influx of social media advertisements and just ads in general related to cryptocurrency bringing new people into the scene. I can't really see an end to this uptrend as it will continue to spread for quite a while. This is a very interesting time for bitcoin as the potential for growth in a short span of time is huge. I'm very interested to see where we will be in the next 6-12 months, hopefully it will continue to rise as it is bound to drop at some point once things settle down.
Bitcoin nears 12kUSD levels, sets another record high, it began trading from 5.5kusd on november,12. in two weeks we saw above 11kusd levels, on november 29. Do you look any reason behind this, come on!
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
We can't blame bitcoin for its continuous rise. As you can see, a lot more people want to use it. That in turn coontributes to its price increase. Yes ethereum is a more stable coin. It has more use but the price up of eth is not as much as bitcoin. We cannot compare btc with other coins because btc is the father of crypto. Btc is started as a revolution against centralized currencies or ffiat so all the more we can't use usd for exchanges.
Bitcoin price is still rising and it's continuous because now so many people know the benefit of bitcoin. So many people believe on it. So many people use bitcoin. Finally the main reason of rising bitcoin price is the production rate is lower than the demnad.
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