Topic: How did Bitcoin start to price increase? - page 21. (Read 10055 times)
We are slowly moving to the future where more and more people are slowly having access to the internet. The more people are learning about bitcoin and it's features the more people are buying the coins but the supply of bitcoins remain the same, 21M. As more people use it, it becomes better and more suitable for everyone and increases impetus for others to use it, thus increasing the demand and the price.
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.
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.
It's simply work in this way (let's assume that these random guy are millionare to make it simple)
random guy A think that the value will be higher than the current one by a certain amount, so he buy-->price increase
another one see the price increase so he buy also because he think the price will be even bigger, it's called speculation
bitcoin was only a speculative tool at the beginning, now that there are some good merchants it's also a currency, but not complete
random guy A think that the value will be higher than the current one by a certain amount, so he buy-->price increase
another one see the price increase so he buy also because he think the price will be even bigger, it's called speculation
bitcoin was only a speculative tool at the beginning, now that there are some good merchants it's also a currency, but not complete
Bitcoin value increases because it is caused by several factors such as the high interest of investors in China to start saving money in the form Bitcoin or influence news relating to bitcoin, and each time must be different because bitcoin circumstances must be different from time to time. But most certainly the cause prices to rise is the increased adoption of bitcoin, because it will make greater use of bitcoin.
I am sure that the price of Bitcoin is growing for the reason that its quantity is limited. In addition, growing numbers of people who want to buy it
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
When someone decides to buy bitcoin then he try to find the best and short way to obtain them so for example on exchanges.
You make a buy order of 10BTC and if you can't buy within the time you wanted then you have to buy at a higher price which others sell.
By this the price increases, other factor is number of bitcoin available, also lost bitcoins increases the value of the usable bitcoin.
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.
Its because the traders and big whales holding their bitcoin for a long time and they're also the reason why bitcoin price is dropping. Big whales in bitcoin has been a part of bitcoin price changing for months this big whales most of them are high profile person who has a business to get income for and invest it on bitcoin.
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
Great explanation, that would surely help to those who are new here in bitcoin world and has doubts if this is a good investment or not. I am already convinced with all the positive explanation and I have read it online, the information I ready is very vital that it resulted me to be more optimistic of the price of bitcoin, I am currently holding some bitcoins now and this is intended for long term investment. 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'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
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
Here is a good video of all bitcoin price increases https://youtu.be/hCFu3ff18PQ
I was not there when it started as of I had been there, I woupod have been filthy rich by now but I am sure that it cannot be far from the fact that as the popularity gets more pronounced, the value begins to increase gradually till what we have today and hopefully it can be sustained...
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
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