How did Bitcoin start to price increase? - page 13.

Xenophoto

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Quote from: slapper on March 02, 2017, 01:47:06 AM

Quote from: dearbesz1219 on February 27, 2017, 09:41:52 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 think the reason why Bitcoin start to price increase, it is already in the edge features of bitcoin already like its very secured, decentralized o which no officials authority can control by it and because of that many of the whale investors became interested unto to bitcoin.

I do agree so. Moreover, Bitcoin is becoming more and more popular and it is now considered as the most effective type of investment which can not be denied by anyone. Therefore, investors tend to put a huge amount of money into this field and hope to receive some profit. That is why the Bitcoin price keep increasing day by day

Basically it's built up by supply and demand, of course. Because the price is all built by the amount of money that goes in or out in bitcoin investment. I really think that the whole price increase is just a manipulation of someone or a group of people. The bitcoin ETF thing is being all talked about in forums like reddit and if the price wasn't moving at all, it would seem that bitcoin is not making a sound at all. We can never confirm that the price increase is due to demand/supply because we will never ever have the statistics of how many bitcoin users are there and if the new ones bought bitcoins.

DoublerHunter

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Bitcoin price to increase because of the volume of money that also getting bigger and bigger and also provided by the investors. I think one of the reason why there is a lot of investor keep coming because of the good image of bitcoin now because of the good developments and also those good candle stick chart history.

SHAWN-MIDWAYS

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Quote from: pretty-g on March 02, 2017, 01:52:46 AM

From an economic point of view, supply and demand.Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart.

Exactly, a high demand for bitcoins causes its prices to increase if supply remains constant and if there is an over supply of BTC into the market prices of bitcoin falls(reduces).

Jannn

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Quote from: pretty-g on March 02, 2017, 01:52:46 AM

From an economic point of view, supply and demand.Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart.

Indeed.
But just include too the halving effect.
Now Bitcoin price rise up again I think this the ETF effect also.

danherbias07

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Demands are the first and the low supply is the reason.
I think one more reason is we are getting deeper into understanding it. Then, the fact that we are using it more than fiat money. Before I was thinking thoroughly before starting to use it but now it became like a hobby or a must that I do it everyday. Still keeping a percentage of what I earned and the left ones used for trading again.

BeGoods

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Quote from: pretty-g on March 02, 2017, 01:52:46 AM

From an economic point of view, supply and demand.Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart.

yeah besides demand and supply occur because bitcoin users themselves. users into other factors for example, when the user continues to grow of course demand will grow and of course the price will also rise

Doms

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The halving effect must have had a factor to the rise.The demand also dictates how the price behaves. With all the good news coming bitcoin’s way and the anticipation that something is going to push the price even higher, the demand is also increasing. Although it is very much speculative in nature, many are saying that we have just entered into a stage where bitcoin would not touch three digits anymore going forward. With new highs being broken the last few weeks, people can’t be blamed for such optimism.

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Quote from: pretty-g on March 02, 2017, 01:52:46 AM

From an economic point of view, supply and demand.Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart.

supply and demand mean little, bitcoin for me start to grow at first because and only for speculation, speculation is what made bitcoin worth more than $1000 today, people think it will be worth $2k int he future and will buy, this will make bitcoin value eventually $2k, then they think it will be worth $3k etc...

Wowcoin

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Quote from: mace15 on March 02, 2017, 03:48:26 AM

Bitcoin price start to increase by the demand and supply. Bitcoin price is fluctuating and its becoming growing daily. Its also because of bitcoin traders the baggers or holder, the pump and dumped of bitcoin price because of traders. So, it really increase daily.

Yes maybe is the one cause the demand and supply of bitcoin. And also the trader have big holders of bitcoin they control the price if he/she like.
But its not daily maybe weekly or monthly as i observed in my own.

mace15

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Bitcoin price start to increase by the demand and supply. Bitcoin price is fluctuating and its becoming growing daily. Its also because of bitcoin traders the baggers or holder, the pump and dumped of bitcoin price because of traders. So, it really increase daily.

pretty-g

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From an economic point of view, supply and demand.Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart.

slapper

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Quote from: dearbesz1219 on February 27, 2017, 09:41:52 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 think the reason why Bitcoin start to price increase, it is already in the edge features of bitcoin already like its very secured, decentralized o which no officials authority can control by it and because of that many of the whale investors became interested unto to bitcoin.

I do agree so. Moreover, Bitcoin is becoming more and more popular and it is now considered as the most effective type of investment which can not be denied by anyone. Therefore, investors tend to put a huge amount of money into this field and hope to receive some profit. That is why the Bitcoin price keep increasing day by day

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Quote from: dearbesz1219 on February 27, 2017, 09:41:52 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 think the reason why Bitcoin start to price increase, it is already in the edge features of bitcoin already like its very secured, decentralized o which no officials authority can control by it and because of that many of the whale investors became interested unto to bitcoin.

The main thing that this interest is not proved to be too damaging to bitcoin. Because I see several types of bitcoin users, it is ordinary people who earn little things, then the other hide their income and others are using bitcoin conduct illegal trade, some goods even outlawed.

dearbesz1219

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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 think the reason why Bitcoin start to price increase, it is already in the edge features of bitcoin already like its very secured, decentralized o which no officials authority can control by it and because of that many of the whale investors became interested unto to bitcoin.

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Quote from: NEWGOODOUBLE on February 24, 2017, 01:06:00 AM

Quote from: Kotone on February 23, 2017, 09:26:49 AM

Quote from: AjithBtc on January 25, 2017, 06:56:22 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 price increases and decrease based upon the demand to supply in correspondence to time. Other than this the price movement happens based upon the updation in the technology.

It depends of the supply and demand of the bitcoin to increase its price it self if you see the graph of bitcoin it always increase that fast and decrease that fast some said people are making fake volume to make jump on the price of bitcoins but if theres an good news is the price of bitcoin now is stable into $1100 up!

I think the key just on demand and supply. That's why if you have the expertise to manipulate demand and supply you could manipulate the price of bitcoin.

In this time there are no the parties can manipulate the price of bitcoin, and after the audit had done by PBOC and it seems like the Chinese exchange can't affecting or preventing the price of bitcoin again to go to the moon.

Erza

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Quote from: machinek20 on February 26, 2017, 06:36:53 PM

Quote from: CyberKuro on February 26, 2017, 06:11:36 PM

Quote from: michkima on February 22, 2017, 08:46:36 AM

Bitcoin prices have been increasing since it was founded in 2009. It has not dropped back to the prices back then. The prices is primarily driven by supply and demand and not really anything else. If people want to buy bitcoin at that price and people want to sell at the same price, that what determines the prices.

Indeed, bitcoin had never dropped back to the early price in October 2009 which the first exchange rate was BTC1,309 equal to $1 and now $1170 equal to BTC1, amazing changing over time.
What interesting part of whole stories is how people attracted to buy bitcoin in the first place.
Because bitcoin is a revolutionary technology and enable a new way to send payments over the internet.

It is really an incredible investment, one of the investment that keep in rising and had such a great increasing value is bitcoin, i am quite shocked with the fact that the price had double in 2016 and now the price still keep on rising, i think more and more people realized that bitcoin can be future currency and new way of doing transaction, so there are a lot of people interested in trying using bitcoin

AFAIK that many people interestes of bitcoin because most of them are feel advantages by being anonymous. Most of them are attract with gambling, that is why many people start to gambling and most of them are from the country that make gambling illegal. People know gambling with bitcoin is faster than people know bitcoin from trading

layoutph

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I guess because everyone doesn't want to spent using their bitcoin, everybody wants to buy bitcoin and keep it that makes the price of bitcoin to go up. Imagine it's only $4usd per bitcoin in year 2010 now its playing between $1100 to $1200.
Many analyst predicted that bitcoin may become $2000 at the end of this year 2017. This is a good news to all bitcoiners like us Wink

xIIImaL

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Quote from: NEWGOODOUBLE on February 26, 2017, 06:16:43 PM

Quote from: Harlot on February 26, 2017, 07:50:24 AM

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.

I think bitcoin famous not because the black market or illegal transactions. but bitcoin bitcoin famous for a very profitable investment. would demand of it makes bitcoin prices rise

Its funny, I think you are out of update about bitcoin. Bitcoin value increased to ton value now and many adoption and demand has happen in bitcoin. These efforts pulls bitcoin to start with many online businesses.
We all know, it is not legal by any government but still people are using it and don't say simply it's being use in black market or other fraudulence schemes.

X-ray

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Quote from: NEWGOODOUBLE on February 26, 2017, 06:16:43 PM

Quote from: Harlot on February 26, 2017, 07:50:24 AM

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.

I think bitcoin famous not because the black market or illegal transactions. but bitcoin bitcoin famous for a very profitable investment. would demand of it makes bitcoin prices rise

The other important thing if a lot of the people are trying to get full control of his financial. and the digital assets have offered it. It makes the cryptocurrency being famous into a lot of the people outta here.

machinek20

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Quote from: CyberKuro on February 26, 2017, 06:11:36 PM

Quote from: michkima on February 22, 2017, 08:46:36 AM

Bitcoin prices have been increasing since it was founded in 2009. It has not dropped back to the prices back then. The prices is primarily driven by supply and demand and not really anything else. If people want to buy bitcoin at that price and people want to sell at the same price, that what determines the prices.

Indeed, bitcoin had never dropped back to the early price in October 2009 which the first exchange rate was BTC1,309 equal to $1 and now $1170 equal to BTC1, amazing changing over time.
What interesting part of whole stories is how people attracted to buy bitcoin in the first place.
Because bitcoin is a revolutionary technology and enable a new way to send payments over the internet.

It is really an incredible investment, one of the investment that keep in rising and had such a great increasing value is bitcoin, i am quite shocked with the fact that the price had double in 2016 and now the price still keep on rising, i think more and more people realized that bitcoin can be future currency and new way of doing transaction, so there are a lot of people interested in trying using bitcoin

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