popularity of bitcoin dictates demand, means more profit - page 14.

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Quote from: nominee on December 14, 2017, 06:27:29 PM

Quote from: Ewox on December 14, 2017, 10:01:10 AM

I do agree with you, popularity does dictate bitcoins demand right now because the more popular it is, the more people also wants to invest in bitcoin or buy bitcoin for them to keep or hold on to it for a couple of years for more profit in the future.

This is not totally true. Popularity if making the price go up maybe, but it doesn't dictate anything because people are free in their decissions to buy or sell any asset including bitcoins.

This is a snowball effect, you hear that your neighbour, your sister or even your hairdresser starts buying assets and you see the price of bitcoin and how it went up the last month, so you want to be in too. It's really becoming mainstream and everyone want to have a slice of the cake

Betwrong

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Quote from: pisston on December 14, 2017, 04:33:28 PM

Quote from: nidacoinlove on December 14, 2017, 01:05:26 PM

Quote from: raven7886 on December 14, 2017, 10:37:23 AM

Quote from: explosion on December 12, 2017, 09:12:43 AM

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. Wink

and nevertheless I think that altcoin is of great importance for users who have significantly less financial capital. Therefore, trade and investment altcoin will bring them revenue, as Bitcoin today is quite expensive.

I disagree. If 1 Bitcoin is expensive you can buy 0.01 BTC, it doesn't matter because you still will have some BTC. When Bitcoin was $1,700 a friend of mine told me that if Bitcoin price dropped to $700 again he would buy, but now "it's too expensive". And now we see that he was wrong. Imo it's never too late to buy Bitcoin because its popularity is on the rise and indeed, like the OP said, it means more profit in the future.

henmark

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Quote from: Skyrah2008 on December 13, 2017, 11:55:57 AM

Quote from: gambitcoin53 on November 29, 2017, 03:43:19 AM

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?

As bitcoin get more popularity day by day people will get to know about bitcoin and its capability, in this matter once a new comeri in bitcoin community it will make a way to have bitcoin as he/she expecting to get a profit from it. the more people like that come the higher the demand! and that means more value on bitcoin price which pioneers are enjoying

Definitely this is going to happen. Bitcoins are giving them a hope and they are joining this world. When they come here, they need to make an extraordinary income from a little investment and bitcoins assure them that this would happen, don’t worry.

Ultimately demands are getting higher and higher and I think bitcoins are increasing profit ratios by increasing the prices. See, doesn’t it?

nominee

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Quote from: Ewox on December 14, 2017, 10:01:10 AM

I do agree with you, popularity does dictate bitcoins demand right now because the more popular it is, the more people also wants to invest in bitcoin or buy bitcoin for them to keep or hold on to it for a couple of years for more profit in the future.

This is not totally true. Popularity if making the price go up maybe, but it doesn't dictate anything because people are free in their decissions to buy or sell any asset including bitcoins.

Kelvinid

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Quote from: Saksham on December 14, 2017, 01:15:02 PM

Quote from: gambitcoin53 on November 29, 2017, 03:43:19 AM

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?

Well yes, we could say that the popularity of bitcoin brings more demands from the market, the trust in Bitcoin would grow so the price would do the same.

Right.The more popular bitcoin would be,the greater the demand from people and of course the higher the profit we will expect.This would be the scenario that keeps on rolling for bitcoin.And if time comes that people would not be interested in bitcoin anymore,maybe bitcoin price itself will also fall.

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Quote from: nidacoinlove on December 14, 2017, 01:05:26 PM

Quote from: raven7886 on December 14, 2017, 10:37:23 AM

Quote from: explosion on December 12, 2017, 09:12:43 AM

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. Wink

and nevertheless I think that altcoin is of great importance for users who have significantly less financial capital. Therefore, trade and investment altcoin will bring them revenue, as Bitcoin today is quite expensive.

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Quote from: kevpantof on December 14, 2017, 01:28:05 AM

Quote from: malikusama on December 12, 2017, 10:24:11 AM

Quote from: gambitcoin53 on November 29, 2017, 03:43:19 AM

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?

Simply the supply and demand formula applies here which has been discussed hundred of times on this forum, demand is increasing rapidly while the supply is same. What i have observed that popularity of bitcoin has increased more than 500% this year and people are much interested to earn huge profit through it that's why everyone is investing. The popularity will increase even more in the near future and we will see the bitcoin ruling the world with it's high worth.

I think Popularity has a little to do with demand. That a product or asset is popular doesn’t mean that the demand will be high. It can be popular just for some mere reasons and won’t be the type that attracts people to demand for it.

And… how did you know that the popularity of Bitcoin has increased this year up to 500%? Dude, you can never tell how many people are making use of Bitcoin, not when one person is making use of ten wallets at a time. Nobody has been able to tell how many people are using bitcoin. So not possible.

Why it will not I mean if bitcoin demand will increase it will be popular among people and a lot of people who were not even aware of bitcoin will know about it. I personally get inspired from bitcoin because one of my friends was searching for bitcoin from long time and she was crazy about bitcoin so that made me curious and I searched about it on google then I saw how popular it is and it is very high in demand now.

Saksham

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Quote from: gambitcoin53 on November 29, 2017, 03:43:19 AM

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?

Well yes, we could say that the popularity of bitcoin brings more demands from the market, the trust in Bitcoin would grow so the price would do the same.

nidacoinlove

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Quote from: raven7886 on December 14, 2017, 10:37:23 AM

Quote from: explosion on December 12, 2017, 09:12:43 AM

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. Wink

danpaz

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Indeed, bitcoin supply which is fix is a main reason why the price is getting more big, popularity is important to get more prospect investors, volume of trade will increase and the price increase also

el kaka22

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Quote from: PrinceCaspian on December 12, 2017, 10:45:24 AM

Not all the times the popularity dictates the demand because somehow, even though bitcoin is famous and have a lot of popularity, its price is still going down because of the emotion of the people who have bitcoin and i think it is more appropriate to say that emotion dictates the demand and as well as the price of bitcoin that will affect the profit.

All is fine so far, I really do not see any going down much. Corrections are normal and you are welcome to the trading world. Also, bitcoin is still in its early stage, so we should expect more of this in the long run.

I would not want to bother myself much about the falling and rising prices except for the future which I am pretty sure, we have not seen a high level of demand yet. Once bitcoin hits that stage where a lot of people can start making use of it easily, then that is when we should start expecting a huge demand.

Lieldoryn

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The popularity of bitcoin will rise, but after the opportunity to trade futures on bitcoins the price can be more predictable. This will reduce the level of volatility and speculative capital may start to leave bitcoin. We don't know what amount of capital. So we can see the situation that the growing popularity of bitcoin the price will fall.

raven7886

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Quote from: explosion on December 12, 2017, 09:12:43 AM

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

tiggytomb

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Quote from: gambitcoin53 on November 29, 2017, 03:43:19 AM

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?

Recently there has been a lot of new people being exposed to bitcoin, for example I have been able to introduce about 7 people to bitcoin and it was as easy as saying go to Coinbase and then purchase some, before when talking about bitcoin it would fall on deaf ears, I definitely think that the media exposure that it is currently getting and because of the price people are far more susceptible to listening on how to purchase some and how it all works.

I definitely think that a lot of people coming in now will be drawn to bitcoin because of the rise it has had in the last year, and this is one of the reasons that the price is what it is, hopefully these people will then look further into crypto and what bitcoin actually is beyond a supposed quick way to make money.

Lykslyks

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Well i think, it's not the popularity it's the people who invest in bitcoin and how the miners and traders behave in the market dictates it's demand. People see how it pumps up everytime the price of it goes down, so many wants to hold bitcoins and invest. But yeah, because of the popularity of it people became aware to it.

ForeverSmall

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popularity of bitcoin increases it mean more people using it and it only 21 millions bitcoin in this world so you know what it means right !!
grab some bitcoin now :3

Ewox

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I do agree with you, popularity does dictate bitcoins demand right now because the more popular it is, the more people also wants to invest in bitcoin or buy bitcoin for them to keep or hold on to it for a couple of years for more profit in the future.

SilverChromia

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A lot of more people who invest in this bitcoins will have a high expactation of profits and the end. Well we know the potential of this coins to increase its value on the market in short time and that will be cause more popularity in very part of the world.

nobody-

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Quote from: JacLuck on December 14, 2017, 08:27:17 AM

Indeed this is because of o fix supply we have on bitcoin, the popularity can drive more prospect investors and the supply decrease as they buy or invest and so the price go up

Exactly. That's how markets works. So it is best to buy as much bitcoin as you can because the only way bitcoin's price is going is up. What we consider "high" as of this moment will be considered as "low" in the future. When bitcoin's price start hitting the $100k mark.

squidiot438

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Do you guys think bitcoin will still increase its market value by the start of 2018? I am new in bitcoin, and I think I am late in investing to it.

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