Topic: How did Bitcoin start to price increase? - page 18. (Read 10061 times)
The funny thing is that new people are buying bitcoins now because they hope to make more money from it, convert to fiat and spend in fiat. So really people don't seem to see btc as money but as an investment the same way people buy stocks, gold and silver.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
It's basically simple, the price of Bitcoin is increasing because of the demand for it. There are loads of people who are getting to know Bitcoin every day and there's a genuine demand for it and I think that's what's driving its demand upward.
Bitcoin is limited currency and more and more people see it as the best investment ever, so cause of that many people wants to have some bitcoins. The demand is growing and it's provoke the price to grow.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.The economic outlook of many countries in 2017 isn't looking promising and so we are going to be seeing many more people switching over to Bitcoin, to be able to beat inflation and manipulations by their governments.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls.
bitcoin price is increasing day by day as more and more people are investing in bitcoins as they are seeing a lot potential in bitcoins ,not in other cryptocurrency and the demand among people is also increasing .thats why the price of bitcoins is increasing overtime.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls. I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price. Bitcoin price is not easy to manipulate but people holding Bitcoin is easy to tricked into selling their Bitcon or panick buy Bitcoin making Bitcoin price either go up or go down. Whales are cunning, when they see that they can not manipulate the price with the fund they are holding, they study the factor that affect people decision regarding their holding, and it is where they manipulate. Like for example, if whales wanted to push Bitcoin price, they spread Hype, they will spread good news from previous weeks, or even try to make fake news (this always happen) without source or if they are lucky found a pro Bitcoin announcement from some country and speculate on it, they always make noise favoring their plan. Then watch people reaction.
But for Bitcoin to start increasing in price, it needs development, good news, advertisement and lots of hype.
I guess, the price increase starts when the demand of bitcoin increases too, like the law of supply and demand.
The more bitcoin releases by the developer the more the bitcoin value increases, like when users try to hold on big amount of bitcoin for long time, but in this case people turns to something bad because when the value of it increases too much, those who hold bitcoin sell it and turns to crashed down of value, like what really happen this last first week of the year, the price increases high and many panic of selling because of the total price hike of it.
So when the demand of bitcoin increases the value of it increases too.
The more bitcoin releases by the developer the more the bitcoin value increases, like when users try to hold on big amount of bitcoin for long time, but in this case people turns to something bad because when the value of it increases too much, those who hold bitcoin sell it and turns to crashed down of value, like what really happen this last first week of the year, the price increases high and many panic of selling because of the total price hike of it.
So when the demand of bitcoin increases the value of it increases too.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Supply and demand law, obviously if the supply is lessen means that many people buy bitcoins the bitcoin price will increase and if the supply is growing many user is selling bitcoin means the bitcoin price will dump. That law is depend in the user of the coin. Imagine if lot of us sell our bitcoin the price will dump and all of us buy ut the price will increase. That hows that law works and you can use it in trading. Buy low sell high. I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price. I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price. 
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.
I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price. I want to believe that the price is formed honestly. But it seems to me that all the same it is very influenced by the behavior of the major holders cryptocurrency. They are able to influence the price of Bitcoin.
I think the price start to rise when more people start to realise the sound fundamental and potentials problem Bitcoin has would solved for them and this create more demand for Bitcoin and as the demand increase it pushed the price up.
I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictate its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price. 
The interest for bitcoin is going and exactly the demand makes the price for bitcoin to grow. Add to that the number of bitcoins is limited by 21 millions, so it will not be enough for all people in the world. That's fact also makes the price to rise.
Don't forget that each coin is made out of 100 million satoshi, so even if 11 million bitcoins are lost, you can still have 10 million x 10 million satoshi =)
In theory, even 1 satoshi could be worth a dollar if this scarcity is really a huge problem. Not that it can have much of an effect if it does at the moment (look at how much DOGE is produced and still maintaining a good price!
Bitcoin is based on the concept of decentralization.
Decentralisation envolves free play of market.
When we say free play of market, it means price is determined through forces of demand and supply.
Best feature of Bitcoin is that its supply is already limited. So all stress goes to its demand! When its demand increases, its price increase. So it leads to situation of 'excess demand' and prices increases overtime!
Decentralisation envolves free play of market.
When we say free play of market, it means price is determined through forces of demand and supply.
Best feature of Bitcoin is that its supply is already limited. So all stress goes to its demand! When its demand increases, its price increase. So it leads to situation of 'excess demand' and prices increases overtime!
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
From the way I see it, its will continue to rise due to several reasons that I will be highlighting:
1. People have always wanted a new way of doing transactions that defies all forms of government encumbrances and when an option came by Satoshi it was embraced.
2. As much as possible when the popularity start increasing, then the unit is not moving in that direction then demand is more than supply which will definitely will increase the price.
3. Continually from there, people start giving it the publicity by trying to bad mouth it thereby increasing its awareness.
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