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.
Emotions can only affect short-term demand. Such a demand cannot be decisive. It can only boost the excitement. We always see a correction after the emotions subsided. But the price is always fixed at a new high. Capitalization of bitcoin is also increasing. So I am sure that the demand for bitcoin is conscious. 
Topic: popularity of bitcoin dictates demand, means more profit - page 16. (Read 3011 times)
Nobody knows for sure what influences the bitcoin price. I personally suspect that several people buy and sell it from each other to create the artificial demand.
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.
And the danger in this is that it works until it doesn't. If the only reason to buy bitcoin is to try and sell it to someone else later at a higher price, eventually one of two things happens: 1) you eventually run out of people to sell to because everyone already owns bitcoin, and with no future people to sell to, the price crashes because nobody can make a profit by holding any more; or 2) people realize that scenario one is inevitable and stop buying before everyone owns bitcoin, because the realization that the only way to make money on it is by selling it to someone else at a higher price is an investment structure that is shaped like a pyramid scheme (albeit unintentionally, but unsustainable nonetheless), and the price crashes.
Either way, it seems a price crash is inevitable because Bitcoin's utility as a speculative asset comes to a definite end, and there isn't now, and likely won't be in the future, enough utility in any other use case to maintain the price.
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.
A lot of news is being expected, so this is expected. I then imagine when some of this news starts dropping.
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?
Huge demand in the market and low supply thats what i think the cause of the increase in its price today,most investors hold their btc with patience to get more profit in the future..its influence through media and bitcoiners that has proven that bitcoin is the best source of money introduces to humanity also influences people to show interest on how to profit with bitcoin.So as the coming days we can expect that it is more surprising to live in bitcoin world as its popularity rises bitcoins price also rises. 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 enjoyingYeah its true, and I have started believing in it a lot now days. Once bitcoin was very deserted coin, not much people were there who believed in it and thats why the investment was very slow and almost nobody believed it back then. The reverse of it is happening today, the popularity is increasing like crazy now a days and we are on the surge of reaching that moon which we thought we already reached back in 2016 or start of the 2017. We were wrong anyway but now the reality is up front. The demand is going up exponential and thus it will bring the bitcoin to a value which we will never be able to imagine. But lets hope this really happens as we can all benefit from it. :-)
Yes i agree with the statment that more the popular btc becomes.The demand for btc will also increase and hence it will be more profitable for the investors of btc because when more people show interest to buy in and hence the market rate of the btc will continue to grow and the people holding on with their bitcoins will have more profit.Now a days btc has become a sensational news update in every country and hence there is more chance for the price to go even 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?
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 
Mostly speculation. People want to buy Bitcoin with any price and sold them much higher price. However when they do it investors will earn more profit.
Of course this market is based on speculation. And don't forgot FOMO as well. LOL. They are real. Demand is growing because everyone really wants to join the hype train. They don't want to miss the opportunity to earn. However, sometimes when you look at it, it's somewhat irrational specially buying at a price of $17K, makes you think that those buyers are really not making the correction decisions. 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?
Now that investment institutional is supporting bitcoin, demand is very high more than ever. CBOE already fired the first shot and soon CME will also join the movement. From my own point of view, this is what really driving this price of bitcoin reaching new levels. And this will carry on up to next year, where Nasdaq turns to offer it bitcoin future contracts. So demands=high price=profits. Mostly speculation. People want to buy Bitcoin with any price and sold them much higher price. However when they do it investors will earn more profit.
You're right there but hey, we can always ride these imvestors profiteering right? As long as bitcoin is giving people what they came for, which is to make money, they will flock to it. And by the looks of it, btc still has a long way to go to make people profit
Mostly speculation. People want to buy Bitcoin with any price and sold them much higher price. However when they do it investors will earn more profit.
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 the summary of the cause of the increase; more people being absorbed into the Cryptocurrency world. And this is just the beginning as a lot are yet to join because of different reasons but I believe there will be an explosion next year as a lot will become convinced to adopting the Cryptocurrency. I do also feel that other coins will be given some leverage too to grow just as the bitcoin has; betterstill, another coin to be given the center stage like the power given to bitcoin.
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.Bitcoin increasing due to its high demand and the demand were creasted by more popularity of bitcoin in recent days.More people understand that bitcoin is the only way to earn huge money in short time,so people are buying and holding the bitcoins.
But if it continues for too long it will affect the price of bitcoin if all people just hold bitcoins then it will stop the circulation of bitcoin which leads to the price fall or cash so it is essential to keep good amount of bitcoin in circulation.
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 absolutely agree with your title. Indeed it is the increasing demand is what makes Bitcoin price to rise. It works the other way round too btw. When some "bad news" appear in the media, demand drops and so does the price. That's when people who don't rely on the so called "news" make money buy buying low and selling high some time later.
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.
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.Bitcoin increasing due to its high demand and the demand were creasted by more popularity of bitcoin in recent days.More people understand that bitcoin is the only way to earn huge money in short time,so people are buying and holding the bitcoins.
But if it continues for too long it will affect the price of bitcoin if all people just hold bitcoins then it will stop the circulation of bitcoin which leads to the price fall or cash so it is essential to keep good amount of bitcoin in circulation.
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. 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?
some of them are just FOMO but that is not the major reason why it rises that much in a short period of time, some reasons are newly joined big investors which we can call them whales because they saw huge potentials to bitcoin than stock markets or in traditional trading, they just ride the hype train but at first they are the hesitant type of people but the time they saw the pump in just matter of days, they immediately go for the cryptocurrency, another thing is the technology demand and life adaptation, would you really know if bitcoin exist without an internet? probably you will just hear it from your friend but that is a rare case to see, the time smartphones computers with internet came to a demanding stage that's the time bitcoin starts to get a momentum to increase its price little by little.
Yes the more people laid eyes on bitcoin it dictates demand that means more profit, that is why this month is increasing rapidly and reason for it? because bitcoin is becoming more and more popular right now.
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?
if the demand for bitcoin is high and the more expensive it seems that few people want to buy bitcoin, they will buy altcoin with cheaper price, to be honest with altcoin I have gained a lot of profit.
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