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Topic: How did Bitcoin start to price increase? - page 20. (Read 10028 times)

hero member
Activity: 770
Merit: 500
January 27, 2017, 01:50:23 AM
#34
Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.
yes that can be the main reason, i think the demand of bitcoin is continuously increasing and that is the reason that we can see that incredible increase in the price of bitcoin. in previous days it was easy to manipulate the price of bitcoin and most of the tie we notices that the price is artificially increased by some investors but after that it fell down to its original position, but now as soon as the number of bitcoin users are increasing it is becoming difficult to manipulate the price of bitcoin for a few investors.
hero member
Activity: 588
Merit: 500
January 26, 2017, 06:24:01 PM
#33
Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.
but to me i think the price of bitcoin is predictable and there is no doubt about, there are so many factors from which we can determine about the price of bitcoin that either it is decreasing or increasing, but to me as the users of bitcoin are continuously increasing therefore we can predict that the price of bitcoin is also increasing.
hero member
Activity: 1372
Merit: 503
January 26, 2017, 12:52:20 PM
#32
its increasing i think because of the new comers in bitcoin and theyre investing alarge amount in bitcoin thats the reason why bitcoin price is pumping. we all know that bitcoin price is depending on its investors because its a decentralized currency which you dont have an assurance of being stable of its price. so dont keep wondering why is it like that just enjoy and earn money.
hero member
Activity: 2506
Merit: 644
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January 26, 2017, 11:13:24 AM
#31
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
It is because of the continues and increasing user of bitcoin and those users where asking for bitcoin, investing, buying bitcoins which makes it in demand and so the bitcoin increases fast if it is the reason. Many users, in demand bitcoin so the value or price increases too.
legendary
Activity: 938
Merit: 1000
January 25, 2017, 06:44:48 PM
#30
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.
Is necessary to mention  that as the difficulty grows as time goes   is necessary to use more hashrate  more and more so hardware vendors
manufacture and sell their mining products driving this industry, in the same way the miners need a price to afford their operation or at least cover operating expenses, other services such as pools, exchanges, betting sites, faucets, etc ,  all this has created and sustained the growing of the demand that you mention, as time passes surely use will continue in new ways and obviously as you know the offer is limited therefore an upward pressure is exerted speaking in long periods of time mainly that is where those increases are noticed more.
legendary
Activity: 1288
Merit: 1000
January 25, 2017, 05:18:58 PM
#29
Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.
hero member
Activity: 910
Merit: 523
January 25, 2017, 04:33:47 PM
#28
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

because 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.

Mostly because people interested to the idea behind blockchain technology which offering better options to manage (be your own bank) and better transaction than conventional banks over the world. The news about bitcoin must came from the devs team through internet to spread how bitcoin as digital currency . When big whales started to bought bitcoin and then the snowball keep getting bigger and bigger.
They know that bitcoin demand will increase cause the price constantly increasing.
legendary
Activity: 3150
Merit: 1392
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January 25, 2017, 04:15:24 PM
#27
Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
sr. member
Activity: 2394
Merit: 454
January 25, 2017, 04:14:45 PM
#26
Bitcoins price is based on its population. Since bitcoins price is getting higher than its price before, its population also increases every day that passed by, because of this, the price increases. But why do people turned themselves on doing bitcoin?, it is because the "give and take" thingy. Bitcoins gives us a lot of benefits and advantages in its own way, and we, in return continue on using bitcoin no matter what happens.
sr. member
Activity: 406
Merit: 250
Wolf
January 25, 2017, 11:05:24 AM
#25
Bitcoins started at the price $0 and move on to $0.01 and so on . It doesn't have a stable price it is always fluctuating and it started since its beginning years . It was intended to increase over time by design that's why there is a limited supply of bitcoin wherein if the demand increases so will be its price this is why we can know that its users keeps increasing cause the price is also increasing .
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
January 25, 2017, 10:16:36 AM
#24
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.
hero member
Activity: 658
Merit: 500
January 25, 2017, 10:05:48 AM
#23
Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.
hero member
Activity: 1610
Merit: 507
January 25, 2017, 10:01:53 AM
#22
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

In my own opinion I guess it is because of its being in demand of the coin.
And investing bitcoin in so many ways.
Keeping bitcoin in their wallets so it cause in demand of bitcoin.

demand and supply from the market is the the most factor that i know will make bitcoin price increase and decrease but we seen that sometimes bitcoin price is not going to go up or down but its flat in the one range like now. i think the price is ready to go in another price and many of us is hope that the price will be up like before.
hero member
Activity: 994
Merit: 544
January 25, 2017, 09:53:52 AM
#21
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

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.
member
Activity: 70
Merit: 10
January 25, 2017, 09:33:55 AM
#20
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

In my own opinion I guess it is because of its being in demand of the coin.
And investing bitcoin in so many ways.
Keeping bitcoin in their wallets so it cause in demand of bitcoin.
legendary
Activity: 1372
Merit: 1005
January 25, 2017, 08:40:30 AM
#19
Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.

Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart. I think today bitcoin value just over 900$. This seems to be good and decent value and after fluctuation this is become a base to start increase from 900$.
hero member
Activity: 672
Merit: 500
January 25, 2017, 08:18:22 AM
#18
Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.
I dont think if the demand is low the Bitcoin price is up because in my opinion if the demand of Bitcoin over the world increase the price is increase too.Bitcoin price is depends on the demand.

Yeah the fluctuations price of bitcoin is depending on demand, If more requests bitcoin Bitcoin then the price will be expensive. Would occur otherwise if the Bitcoin more holding Bitcoin. I'm sure the growth of Bitcoin even the fluctuations price will not be great.
sr. member
Activity: 1666
Merit: 276
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January 25, 2017, 07:56:22 AM
#17
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.
legendary
Activity: 1148
Merit: 1048
January 25, 2017, 07:49:39 AM
#16
Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.
I dont think if the demand is low the Bitcoin price is up because in my opinion if the demand of Bitcoin over the world increase the price is increase too.Bitcoin price is depends on the demand.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
January 25, 2017, 05:02:18 AM
#15
We are slowly moving to the future where more and more people are slowly having access to the internet.

I doubt that internet access is the reason here!
internet coverage has been big for a long time and it is getting better and faster as time goes by. besides someone who didn't have internet access up until now (2016-2017) is obviously living in a third world country and will not run to buy bitcoin the first day of internet access.

the reason why bitcoin price is like this is because people don't know about bitcoin or are too afraid to invest in it. but when they see the performance they join in slowly.
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