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, that is obviously huge profit that is a result of the increase on its msrket value. Bitcoin is becoming more expensive as time passes by and it gives huge profit to its investors and users. The demand is also getting higher now that more people are interested to the profit that most of is users are getting and that is the effect of the increase on its value. 
Topic: popularity of bitcoin dictates demand, means more profit - page 15. (Read 3011 times)
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
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.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.
Although it's impossible to say an exact number we can make estimations using our observations. Count up how many of your neighbors use Bitcoin. Count up how many of your co-workers and your friends are using it. Thus you'll have an idea on what percentage of ordinary people are using Bitcoin today. I'm sure, regardless of the place, the number will be much lower than 10%, which means Bitcoin can rise ten times, at least, in the future.
Bitcoin is becoming more popular and many mainstream media have started to promoting bitcoin especially a the social medias. I was having seeing bitcoin sign on CNN the days before yesterday and was happy see that happened at this time when many countries are trying to ban bitcoin. The demand will keep pushing bitcoin price upward and one has to buy now.
Bitcoin is unique money and people on this digital era really interest on this , that's why we can see bitcoin grow so fast recently.
I'm sure bitcoin will grow even more in the future as more people aware and start to invest bitcoin as well !
I'm sure bitcoin will grow even more in the future as more people aware and start to invest bitcoin as well !
Since the prices goes high in rapid speed, people who don't even know bitcoin suddenly joins in. Like a bandwagon effect. They just enter even if they don't fully know about it. Yet they expect high returns.
And that is exactly what is happening. A lot of times what bitcoin price needs is the push and others will follow and those other people have the attitude to drag some other people along with them which then increase the price of bitcoin in a large way. It will be better if the reason of increase in the price of bitcoin is adoption of it by multinationals or government rather than this where its just people coming to put money in with the hope that by next week, it would touch $20,000.
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.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.
The demand of it depends on the investors and users of bitcoin,Gaining the popularity of crypto because for now we are engaging in new technology digital currency must attached with us.More investors and users more profit to gain and make our money double.
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?
Normally the people using bitcoin is the one that manipulates the value or price. The more users means the more value added unto bitcoin. So gaining popularity could get bitcoin a much larger value and even though there was a correction it manage to settle at $17000+. 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?
Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.
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?
That is more or less correct since the law of economics say about supply and demand. As of today bitcoins popularity is very high then many people are curious about it and tend to invest in it. This means the meaman rise with the supply of bitcoin remains the same and that would affect the pricing og bitcoin. The more people invest on btc the more probability that ir would rise in price.
There is some speculation sure but I think supply and demand is overlooked. There are tens of thousands of people entering the crypto space everyday whether that be seriously or for fun but nonetheless. And then on the flip side you have only hundreds of btc created in a day what do you think will happen? Simple supply and demand laws will tell you that the price has to go up given demand and that seems like massive demand to me.
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 you are thinking it is more common to think that the value of bitcoin is increasing, the value of bitcoin depends on sea level as well as on trading volume.
I also agree that the bitcoins price is dectates by the demand of his user and I think it will sure grow everyday like what I'm doing I keep myself share also my knowledge to know by the people that want to learn bitcoin to also add them to bitcoins demand.
I agree with you. I guess bitcoins increasing user is a factors for current events in bitcoin. I think bitcoin has been continuously having this fluctuating but rising trend due to the demands of the user that it has. More people are becoming aware of the opportunity that bitcoin offers that’s why more are also being encourage to join the community.
Since the prices goes high in rapid speed, people who don't even know bitcoin suddenly joins in. Like a bandwagon effect. They just enter even if they don't fully know about it. Yet they expect high returns.
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?
Obviously its the popularity and the demand for bitcoin thats what keeps its price increase day by day, the more the demand for bitcoin with its less supply bitcoins price will surely hit another milestone in its resume.
I agree. As bitcoin becoming more and more popular, it is now enjoyed by many people. A growing number of people are becoming convinced that Bitcoin’s price is going to go up in the long run. The popularity of bitcoin makes people to continue supporting it and the price rise is simply a reflection of the growing acceptance of bitcoin. The majority of the price rise is simply due to people buying bitcoin in the hope that they can sell it later for a profit. Its value will definitely be higher than it is today.
Every price of the goods in the market is always dictate by its demand, because of its supply. But since Bitcoin is unstable, the demand isn't only the factor. It could also be dictated by the intervals of increase and decrease of the price. How many percentages of increase in a week? And how much of the opposite in a certain week? Since it is decentralized, nobody "directly" dictates the price but only its development and the consumers in it.
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?
Like you have rightly said bitcoin is skyrocketing today because of " the high in demand" I think the demand is so high that many are saying bitcoin is in the bubble. I don't think we are close to the end of this trend as good things are currently happening around bitcoin and other crypto currencies. Bitcoin as a gold standard to others coins has above 50% marketcap and according to a report I read online now bitcoin and others altcoins market capitalization is now $500,000,000 and this means the demand for bitcoin 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?
Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
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