Topic: popularity of bitcoin dictates demand, means more profit - page 10. (Read 3011 times)
cryptocurrency is gaining popularity, the greater the demand for cryptocurrency the more expensive its price, I am very sorry that I did not buy bitcoin 2 years ago.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
The price increase of bitcoin today,so far so good,but not at all,because until now they feel the effect of those happen two previous month,because if we monitored now the statistic of bitcoin,the value price is erratic or volatile,sometimes its up in a small amount,and sometimes it will dump,thats why the popularity of bitcoin will be affected this chaos happen now in the cryptocurrency system.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
I don't agree if bitcoins are said to "dictate", to me the correct naming is "automatic". Every transaction that occurs both sell nor buy is all recorded in the ledger (we call it blockchain) automatically.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Increasing or decreasing Bitcoin depends significantly on news and events. Bitcoin is still rising but rising slightly. If you want to make big profits in the short term, then only invest in altcoins and ICO. This time investing in Bitcoin is wrong because its exchange rate at the time you write is very high.
This statement happens to be true. Bitcoin is being popularized by the media which is spreading the news about Bitcoins influence all over the world. Before a couple of years, people didn't even know what purpose Bitcoin has. Today majority of the people knows the purpose and are eager to get some particles of the Bitcoin for themselves. Popularity is for sure increasing with every day, no matter if the Bitcoin falls or goes up because investors had already learned that after every big incident which causes the crash also comes to the rise up and in the phase of the falling the demand is skyrocketing.
Profit is connected with the demand but the investor must know the right time to do investment if he wants to get some profit because Bitcoin as such is still meant for the long-term profit and altcoins; like you said, are the investment opportunity.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
The price increase of bitcoin today,so far so good,but not at all,because until now they feel the effect of those happen two previous month,because if we monitored now the statistic of bitcoin,the value price is erratic or volatile,sometimes its up in a small amount,and sometimes it will dump,thats why the popularity of bitcoin will be affected this chaos happen now in the cryptocurrency system.
This might not be true because many buy btcs just out of fantasy without having any knowledge
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Definitely right. Bitcoin is becoming more popular to the whole world because of its sky rocketing price. It really affects the bitcoin price because of increasing number of people who invested in bitcoin. Of course if the demand is high, the supply is starting to decrease and if that happens the price of bitcoin will rise.
yes, since people starting to know bitcoin some of them invest and buy bitcoin to make a profit.
Yes you are definitely right in this matter
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Increasing or decreasing Bitcoin depends significantly on news and events. Bitcoin is still rising but rising slightly. If you want to make big profits in the short term, then only invest in altcoins and ICO. This time investing in Bitcoin is wrong because its exchange rate at the time you write is very high.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
I think the higher demand is, the more bitcoin users are coming and it is a signal that bitcoin price will become more higher and continue to grow as demand continue to rise.
Yes it is the popularity effects bitcoin price and the beliefs of the people
Just like dollar to peso dollar is much higher cause people believed its higher
Even with popularity if the demand is low i think bitcoin's price will not continue to increase, i believe that popularity doesn't make the price alone but also the willingness of the people all over the world to buy bitcoin at any price because they believe this currency is the future. Just like dollar to peso dollar is much higher cause people believed its higher
Yes, if the bitcoin is getting more popular then its means the demand is increasing as well. If there is high demand meaning there were lots of investor may come in and invest. Demand and popularity increase the price is also increase. That's my thought behind on this up trend and downtrend of bitcoin price.
Yes popularity of Bitcoin means a high demand and it also means a higher profit for the investors because they believe that this may also attract more investors.
Yes it is the popularity effects bitcoin price and the beliefs of the people
Just like dollar to peso dollar is much higher cause people believed its higher
Just like dollar to peso dollar is much higher cause people believed its higher
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Thats right as its popularity goes more and more popular more people will show interest and get intrigue on what is really bitcoin all about when knowing the price is very high it has a big chance that investors will be investing in it.Most probably its price will fluctuate as new investors would be coming over to invest in bitcoin
It is increasing may be because of lack of cheap electricity availability that are needed in hige to mine btcs
Yes I think the popularity of bitcoin dictates the price, if bitcoin becoming more popular it means many people appreciate on it, and I believe that if many people appreciate on it many people also trust on it and the demand may rise up high, so then the affect of the popularity is amazing the market will also rise because of the huge demand.
It is due to some numb and dumb people joining cryptoz marking their own economic ruin.
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Media support,governments coming up to regulate bitcoin instead of banning it and big companies like CME entering the market by issuing bitcoin futures.Earlier,most of the financial firms were against bitcoin and they criticized it as a bubble or a ponzi scheme or a pyramid scheme.So,there was no media support also.But despite such situations,bitcoin performed very well and its price steadily increased.So at one point,those firms realized that they could no more avoid bitcoin and so they decided to enter bitcoin market and make use of it.As a result,bitcoin got heavy exposure in media which brought bitcoin new investors.All these made bitcoin price to reach ATH price.Bitcoin has an enourmous branding power at the moment, and that means that it gets plenty of attention from media and the people in general. IMO that may have a negative impact sometimes, for the rest of coins.
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