Topic: How did Bitcoin start to price increase? - page 9. (Read 10028 times)
The Bitcoin price of started increasing as it becomes more famous to the people. Specifically, the increase in the last year that doubled the amount is probably because of the social media. Bitcoin really became a trend in the last quarter last year making it's value and price spike up really high. And now, people are predicting that the demand will continue to grow this 2018 and so it's value. Let's hope for the best and continue promoting Bitcoin.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.
bitcoin can be popular, because bitcoin can help us in terms of meeting increasing needs. so bitcoin does not have to do the hard work, which we often do. but many people also often look for bitcoin because of the advantages of bitcoin.
As the demand of bitcoin is increased in market then the supply becomes short and the price of bitcoin is increased.
As the demand of bitcoin is decreased in market then supply become more due to which the price of bitcoin start falling down.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
As economics concern and in my own thought, it start to increase its price when there are lot of people demand or invest on it. When people see the price hike of bitcoin they tend to buy and invest on this cryptocurrency that is when the law of supplies and demands come in. The more the investors buy bitcoin the higher it will go and this is why bitcoin become the most marketed cryptocurrency.
It starts increasing once there are people invest on it. The more holders the greater the price. The greater the price the more demand it has. The more demand the more it popular it is. I can conclude that the bitcoin starts to increase its price because it is popular.
It all depends on the user, we all know that the thing that becomes the power of bitcoin is decentralization, when demand increases then automatically the price will rise.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.
bitcoin can be popular, because bitcoin can help us in terms of meeting increasing needs. so bitcoin does not have to do the hard work, which we often do. but many people also often look for bitcoin because of the advantages of bitcoin.
As the request of bitcoin is expanded in advertise then the supply turns out to be short and the cost of bitcoin is expanded.
As the request of bitcoin is diminished in showcase at that point supply turn out to be more because of which the cost of bitcoin begin tumbling down.
When Bitcoin was first introduced, it was absolutely worthless. Someone even spent 10,000 Bitcoins to buy a pizza. Think about that. Absolutely ridiculous that is not worth over a hundred million dollars with today's value.
Actually that was the first ever recorded legitimate Bitcoin purchase. Pretty unbelievable actually. Except it's real.
Actually that was the first ever recorded legitimate Bitcoin purchase. Pretty unbelievable actually. Except it's real.
I think, there one more thing, besides supply and demand, that is bitcoin exchange transaction.
Every bitcoin exchange transaction that involves the purchasing of bitcoin via another currency (fiat), has the effect of pushing the bitcoin price become up.
Every bitcoin exchange transaction that involves the purchasing of bitcoin via another currency (fiat), has the effect of pushing the bitcoin price become up.
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The reason why bitcoin price is increasing is because bitcoin has future, it atm is spreading across the globe and the Moscow stock exchange is planning to trade bitcoin futures which means they will accept bitcoin as a kind of currency.
Bitcoin start to price increase due to its adoption of people using it, as big time investors in bitcoin increasing it is like when a commodity gets its worth among people by exposing it's benefits then it will create it's demand to decide its value levels. When more people fight for same quantity of product which is limited by its production then it's value will be determined by pure demand. So there is huge chance to boost bitcoin price.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
IMO, the BTC has strongly increased recently due to the following reasons:
1. Japan's demand
According to the website of CryptoCompare, the Japanese yen accounted for over 42% of the bitcoin trading volume.
2. Upgrading Bitcoin
After controversy in the bitcoin community about the future of blockchain technology, the issue of bitcoin network upgrades has finally been resolved.
Bitcoin has reached an agreement to increase the transaction size on blockchain, which is bitcoin's platform technology.
The upgrade proposal is called SegWit2X and will need to be implemented.
3. Concerns from institutional investors
As regulators are beginning to be interested in bitcoin, institutional investors are also watching and looking to invest in bitcoin.
4. Demand for safe assets
Experts say some bitcoins are due to tensions between North Korea and the United States.
of course, the rise of Bitcoin price is due to the high demand of Bitcoin in the market,
Bitcoin increasingly known and in demand, the more Investors who glance at it,
this is my opinion the cause of the incredible Bitcoin price increase fast, CMIIW
Bitcoin increasingly known and in demand, the more Investors who glance at it,
this is my opinion the cause of the incredible Bitcoin price increase fast, CMIIW
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think there are some things that affect the rise in bitcoin prices, the first because the bitcoin users continue to grow and the demand for bitcoin increases and currently bitcoin is used as a place for investment by its users.perhaps more and more interest with bitcoin, and bitcoin is needed so many bitcoins are raising the price again. this new name marketing strategy is worth the example.
The big effect in bitcoin value is continuous adopting by many people and countries that is why the demand are increasing and it will reflect on its value. Day by day the popularization of bitcoin is contrinuous to spread out that is why it can lure more investors and that is a big help to increase its value.
Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think there are some things that affect the rise in bitcoin prices, the first because the bitcoin users continue to grow and the demand for bitcoin increases and currently bitcoin is used as a place for investment by its users.
Since Bitcoin is fairly young, it has a lot of time and space to develop into something of great value. We have noticed that over time, despite its volatility, Bitcoin prices seems to come through often and increases adequately. We should take note that one of the biggest factor affecting this is that Bitcoin is a limited resource but the continual growth of demand has greatly affected its value.
when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.
The bitcoin is constantly increasing its price because of the supply and demand. And of course bitcoin is not controlled by the central authority like government and a bank. Therefore we can expect its price value being in volatility base on coin marketcap. Adding to a popularity makes it known.
By people getting used to the blockchain technology and qucik transactions. It got a huge crowd of accumulators now thats how
Bitcoin was basically invented to ease those people who make really large transaction in million dollars but have to pay heavy tax and wait before their money get actually transferred. This way their whole transactions were recorded. Then bitcoin solved this problem but whales played a good game and bitcoin became famous among common public also. The idea was highly supported by many people and the number started increasing gradually.Because its price is connected to electric cost+ mining hardware + miners tip for every block x the blocks. As more people ask for a place in this database, as more transaction take place the price is going up.
I do not think that Bitcoin price has something to do with costs creating Bitcoin. Price are driven by supply and demand. When people buys something with a limited supply of course seller will demand a higher price for it, and that is how prices goes up. Of course there are other things that investors look at.
The market is depending on the supply and demand. There are so many people who is investing a lot of money in bitcoins and the supply is decreasing, Now a days the value is keep on increasing because there is a lot of investors who really wants to buy bitcoins to earn more profit in the future.
Bitcoin start to increase because of its adoptation and support from the users. I agree still depends on the demand and supply as the btc price increasing. As long there is buying support btc will continuing to grow. Jump to: