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 
Topic: How did Bitcoin start to price increase? - page 14. (Read 10061 times)
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.
Well I think that Bitcoin's value is constantly increasing is,
Because of the huge number of investor or Bitcoin user that are buying it,
I think it is basically because of stock and demand for this crypto currency.
Because of the huge number of investor or Bitcoin user that are buying it,
I think it is basically because of stock and demand for this crypto currency.
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.
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.
I do not believe that the illegal operations increasingly using Bitcoin than cash. Just the media always want to blacken the name of Bitcoin. I do not understand why they do it
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.
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.
The current price increase may have to do with the ETF hype and that will culminate in march 11th with either a massive pump, or a small dip, because im sure that if the ETF doesn't pass, it will be due small requirements, so that only means progress, it means we would be closer to the approval, so all scenarios are good. If a dip happens we can buy more, if it doesn't then have fun and enjoy the big uprise.
The depletion of the mined bitcoin is one reason. That is for sure.
Whenever a thing is limited it gets valuable and bitcoin have that kind of feature. It only have 21 million to be mined and that is all.
So people are starting to keep some thinking it would really be expensive some day in the future.
It is like owning a gold which also will be depleted in this earth. It is not like a tree that will grow again.
Anything that works like that is precious in this earth.
Whenever a thing is limited it gets valuable and bitcoin have that kind of feature. It only have 21 million to be mined and that is all.
So people are starting to keep some thinking it would really be expensive some day in the future.
It is like owning a gold which also will be depleted in this earth. It is not like a tree that will grow again.
Anything that works like that is precious in this earth.
Main reason why bitcoin's price increased over the years is because people actually learned about its value and that other people are interested in having their piece of bitcoins in exchange of the item that the buyer wants to have. It's more about the demand of bitcoin back then and its utility when its price was still around a dollar or two. Then afterwards, some investors thought that it could be a great investment tool so they manipulated it, tried to play with it and get everybody and their mother into the hype train. That is where we at today.
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.
The same way everything else acquire its value, the law of supply and demand. Fortunately bitcoin is a limited supply. So if new demand arises, the price will easily rise too. Unfortunately, the volume is still low that whales can still manipulate the price by dumping and pumping bitcoins.
I agree on the "supply and demand" part, but I don't think "whales" are really manipulating the Bitcoin's price these days. To do that you have to risk millions or rather dozens of millions of USD. I doubt people are doing that actually.
As the price of bitcoin increases, the price increases with time. It's a very simple definition. But that's what I see in general.
People do not want to miss opportunities. As the demand for bitcoin increases, the price is starting to increase. And more bitcoin buying is taking place. If the market goes downhill, the price naturally begins to fall.
Classical supply and demand is shaped according to the balance.
People do not want to miss opportunities. As the demand for bitcoin increases, the price is starting to increase. And more bitcoin buying is taking place. If the market goes downhill, the price naturally begins to fall.
Classical supply and demand is shaped according to the balance.
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.Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket.
The same way everything else acquire its value, the law of supply and demand. Fortunately bitcoin is a limited supply. So if new demand arises, the price will easily rise too. Unfortunately, the volume is still low that whales can still manipulate the price by dumping and pumping bitcoins.
I agree on the "supply and demand" part, but I don't think "whales" are really manipulating the Bitcoin's price these days. To do that you have to risk millions or rather dozens of millions of USD. I doubt people are doing that actually.
We know that there are old early adopters who own around 1% of all coins, it should be still easy for them to cause disturbance if they wanted.
There is more than certain - if Roger Ver or Winklevoss twins would dump their coins price of BTC would crash.
Plus, we have many more unknown bitcoin whales that are not eager to publicly flaunt their prosperity.
Now we have the same thing similar to those words just in a digital form, but most importantly is the potential possibility of you and I with any other ordinary people to generate those valuable words by ourselves while only central banks have the means and the authority to do that with their fiat money.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket.
When you start to see companies like Microsoft and Dell accepting bitcoin it makes more people aware of the currency, a bigger audience will bring with it bigger adoption of the currency.
Might as well gets trashed by mods.
The same way everything else acquire its value, the law of supply and demand. Fortunately bitcoin is a limited supply. So if new demand arises, the price will easily rise too. Unfortunately, the volume is still low that whales can still manipulate the price by dumping and pumping bitcoins.
I agree on the "supply and demand" part, but I don't think "whales" are really manipulating the Bitcoin's price these days. To do that you have to risk millions or rather dozens of millions of USD. I doubt people are doing that actually.
We know that there are old early adopters who own around 1% of all coins, it should be still easy for them to cause disturbance if they wanted.
There is more than certain - if Roger Ver or Winklevoss twins would dump their coins price of BTC would crash.
Plus, we have many more unknown bitcoin whales that are not eager to publicly flaunt their prosperity.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket.
When you start to see companies like Microsoft and Dell accepting bitcoin it makes more people aware of the currency, a bigger audience will bring with it bigger adoption of the currency.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket.
When you start to see companies like Microsoft and Dell accepting bitcoin it makes more people aware of the currency, a bigger audience will bring with it bigger adoption of the currency.
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