How did Bitcoin start to price increase? - page 10.

Bonenx14

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Quote from: wagi on November 27, 2017, 07:10:41 AM

Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.

bitcoin can be popular, because bitcoin can help us in terms of meeting increasing needs. so bitcoin does not have to do the hard work, which we often do. but many people also often look for bitcoin because of the advantages of bitcoin.

rainezerr401

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The market is depending on the supply and demand. There are so many people who is investing a lot of money in bitcoins and the supply is decreasing, Now a days the value is keep on increasing because there is a lot of investors who really wants to buy bitcoins to earn more profit in the future.

santieevanz

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

With increased usage and wider adaptation of Bitcoin. The demand for bitcoin is always increasing. With a constant supply and increasing demand, the only factor in the equation that can budge is the price of bitcoin by going up. Hence, assuming increased demand, The bitcoin price gradually increases over the long term.

The reason why bitcoin value is constantly increasing is because there are companies who accepted and trust bitcoins through investing and trading. Obviously, as the time pass by, the demand of bitcoin is increasing for which the value of it is also increasing. To be honest, i have never seen the value of bitcoin before, but then i admit that i was wrong because i found out the my friends can buy the things he wanted because of dealing with bitcoins.

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

For me, I think In the beginning the price of bitcoin was not that much but when it was used in the black market the price just jumped sky high. After that many were amazed and purchase huge amount of bitcoins with the dream that their investment will double if the value will inflate. Then with the price continue rising more and more investors are beginning to be attracted to bitcoins and that led to increase of demand for bitcoin which eventually added to the increase in value...And bitcoin's price rise with the help of the people who constantly work here and the people who contantly invest their money here. Without them bitcoin will have a small amount only or worst will be non-existent if the people dont recognized this...

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Bitcoin's price is heavily influenced by time and the number of investors. As time passes by, people start to recognize its existence due to the blockchain technology of transfer of money. Not to mention its decentralized nature, people used it as the main currency under the dark web, which heavily influenced a lot of abusers into buying bitcoin. Slowly, people began to realize bitcoin's existence and a lot of investors are risking their money due to its high-risk, high-reward factor. Lastly, the supply and demand of bitcoin determines its price on the market due to its 21 million cap.

sariz12

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

I think It'sbecause of supply and demand...
Bitcoin is a good technology offering so many good an useful features such as anonymity, decentralization, security and high speed. and because of these the demand is constantly increasing.
and while there is only a limited supply of 21 million coins (16 million currently mined) there is 7.5 billion people in the world which are slowly finding out about bitcoin and investing in it hence increasing the demand ...

wagi

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.

Gotottack

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Quote from: btcprospecter on November 27, 2017, 04:36:35 AM

The rapid growth in bitcoin is more to do with it becoming more and more a topic of conversion as more and more people are getting involved in the world of bitcoin more and more bitcoin is wanted so funds the circle of supply and demand.

Indeed. Basically, it has something to do with Bitcoin's supply and demand. Because of the limited supply and the increasing number of people who use Bitcoin, Bitcoin's value increases over time. Actually, to be honest, I never imagined its value increasing this high. I owned few Bitcoins in the past but I just ended up converting it to fiat currency because I did not see its potential then. But look how fast time flies, and how its value reached this high. Perhaps, this could be the future of money. Perhaps it is about time we make the big switch. Who knows? Right?

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The rapid growth in bitcoin is more to do with it becoming more and more a topic of conversion as more and more people are getting involved in the world of bitcoin more and more bitcoin is wanted so funds the circle of supply and demand.

fredo123

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With increased usage and wider adaptation of Bitcoin. The demand for bitcoin is always increasing. With a constant supply and increasing demand, the only factor in the equation that can budge is the price of bitcoin by going up. Hence, assuming increased demand, The bitcoin price gradually increases over the long term.

Fulmand

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Quote from: furry04 on November 27, 2017, 04:03:54 AM

when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.

The bitcoin is constantly increasing its price because of the supply and demand. And of course bitcoin is not controlled by the central authority like government and a bank. Therefore we can expect its price value being in volatility base on coin marketcap. Adding to a popularity makes it known.

furry04

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when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.

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Quote from: virtualkeybuyer on April 09, 2017, 06:39:52 PM

Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

It is because the buyers of bitcoin are increasing. The spread of bitcoin is continue and with the passage of time more and more people know about it and they invest their money in bitcoin so with that demand the price of bitcoin increase.

Well, that is a very reasonable reason because its only about the law of supply and demand therefore if demand is high so the price will increase. It is true that more and more people around the world who are investing bitcoin and that is a transparent reason of continuous rising of bitcoin price.

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Quote from: 000JC88 on November 27, 2017, 03:38:34 AM

Because its price is connected to electric cost+ mining hardware + miners tip for every block x the blocks. As more people ask for a place in this database, as more transaction take place the price is going up.

I do not think that Bitcoin price has something to do with costs creating Bitcoin. Price are driven by supply and demand. When people buys something with a limited supply of course seller will demand a higher price for it, and that is how prices goes up. Of course there are other things that investors look at.

mifanmuzny

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By people getting used to the blockchain technology and qucik transactions. It got a huge crowd of accumulators now thats how

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

It is the cause of the growth of the users quantity we users are also capable of bitcoin manipulation through our balance or our bitcoin at hand on our wallet the more you buy the more the value of bitcoin rises and over time the gadget and the internet has exposed bitcoins identity and purpose little by little.

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

For me,In the beginning the price of bitcoin was not that much but when it was used in the black market the price just jumped sky high. After that many were amazed and purchase huge amount of bitcoins with the dream that their investment will double if the value will inflate. Then with the price continue rising more and more investors are beginning to be attracted to bitcoins and that led to increase of demand for bitcoin which eventually added to the increase in value...

000JC88

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Because its price is connected to electric cost+ mining hardware + miners tip for every block x the blocks. As more people ask for a place in this database, as more transaction take place the price is going up.

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This was the previous news, now a day Bitcoin is rarely used in darkweb, I think people there are more incline to use anonymous coin and since Bitcoin is known to be pseudo anonymous and not completely what they think of, they moved to anon altcoins.
I think it is the adoption of people, speculative thinking of traders and good news about development that push Bitcoin price to increase. Wink

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Quote from: traderMax on January 24, 2017, 02:52:23 PM

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Well I think bitcoin's price rise with the help of the people who constantly work here and the people who contantly invest their money here. Without them bitcoin will have a small amount only or worst will be non-existent if the people dont recognized this.

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