The price of Bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; when demand decreases, the price falls.
The trust of everyone supports the value of Bitcoin, and more people accept Bitcoin. The stronger the basis of Bitcoin as an exchange equivalent.
Topic: popularity of bitcoin dictates demand, means more profit - page 7. (Read 3011 times)
Right now, since the year started, we are seeing all red. I mean yeah we will see green a few time in a month bit most is red. I think we can blame what happened earlier this ywar when it spiked to an unbelievable price and it crashed just as quickly. I think people began to question if bitcoin is stil a favorable investment.
Demand for bitcoin is provided not only by its popularity, but also by its promising technology, which our world now very needs. People simply will never invest their money in something they do not understand.
Bitcoin has achieved tremendous popularity so demand is so large that prices become very expensive, according to commercial law where demand is greater than the availability of goods, prices will rise. The question is whether this very expensive bitcoin price is due to need or because of popularity? If the needs of the price can stabilize or rise again, but if the popularity can fall when its popularity disappears. For speculators who have bitcoin from the start clearly have enjoyed many advantages.
What makes bitcoin prices skyrocket is the high market demand. Besides that, there are groups that pump in the crypto market so that prices go up.
Advancing technology plays a role on bitcoin popularity and affecting its value. As years passed, new technologies emerge and human tend to utilize it in order to have and efficient life. In the past years, money was then in the form of carved metal coins, then paper money and then came credit cards and atm cards, now its the 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?
The price of bitcoin is now based on the amount of people who are interested in bitcoin. So when many people invest in bitcoin it definitely will increase its price. Demand increases in the price!
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.
With increase in prices, demand rises and more people get attracted to bitcoins. It is also good for miners as they get paid more for mining.
It's as clear as this bitcoin can change a person's life for the better if someone is smart to manage it can get enough profit for. In addition to the skyrocketing bitcoin price is also caused by investors who have started investing in bitcoin.
This maybe true ,the popularity of bitcoin, means a great demand in the market because investors would likely to buy or invest bitcoin so if there is great demand , it leave the market so scarce and that makes bitcoin more profitable and high market price value.
The price of BTC also complies with the supply of the market!
More and more countries accept BTC will expand the popularity of BTC!
People will try this new thing, but the total amount of BTC is fixed, meaning that BTC will rise!
More and more countries accept BTC will expand the popularity of BTC!
People will try this new thing, but the total amount of BTC is fixed, meaning that BTC will rise!
Bitcoin as a means of payment is revolutionary and has come to stay, we all know that this is one of the greatest revelations of this new century, meanwhile news and popularity helps growth meaning the new wave of popularity Bitcoin is receiving would certainly help improve it's price, and demand also. And as the law of demand and supply dictates the more the demand for a commodity, there would be a rise in cost price if the supply is lower than the demand.
Demand for bitcoin is provided not only by its popularity, but also by its promising technology, which our world now very needs. People simply will never invest their money in something they do not understand.
Yes this summer bitcoin is really the man, demanded! But it doesn't mean that it's price became high, even more than that, the price became very low. And we all are loosing.
Bitcoin and cryptocurrency become more popular on this days. Hopely with that popularity, cryptocurrency market will bring more investor in market. If many new investor in market, I am believe cryptocurrency price will increasing and it will bring profits for holder
Yes, it is right but it is not the situation happening at the moment.
Situation currently can still be considered as good as before or for the past years. But comparing it with what bitcoin has reached before during it's prime all time high's yeah it wasn't happening today. 
But I doubt that the popularity is decreasing, there are whales/traders/investors that are becoming wiser as the day goes by. They intend to sell whenever bitcoin moves an inch and waiting for it's tail to go back and will eventually buy more.
Current situation still better than last year. If we compare on market cap, right now market cap crypto more higher than previous year. I am agree that popularity crypto still high because with lower price right now, many investor will come and buying cheap coin/token
Popularity of bitcoin never decreases though there were many that wants to pull it over and wants to spread different fake news, fuds that will lead people to doubt bitcoin.
We still like bitcoin no matter what with this market and it will never go to zero unlike those "expert, economists" are saying.
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 revenge or transformation of value that's really the good chances for investor and traders or some other users that going to invest in bitcoin, because of that low price we have a chance to start to invest while waiting for the said transformation more profit would be there so grab the opportunity/ "popularity of bitcoin dictates demand it means more profit? no! TRANSFORMATION OR REVENGE of PRICE VALUE means more profit that's my perception.
Yes I think so, as the popularity of bitcoin goes up the demands gets higher as well..if investor buy bitcoin at the higher price and then when it gets low their profit would be gone too, so others wait instead and hold what they have in hope that in the end they will have profit.
Yeah it is directly proportional to the existing demand. because basically the rising popularity of bitcoin inthe world will bring many potnetial users into the bitcoin world. and certainly will automatically increase the demand and bring the price of bitcoin upwards
It's more of supply floating un the market that dictates the price. Now the supply itself has alot of factors i it, but the serious one would be publicity. If crypto currencies are hyped or trolled then normal people would hesitate to invest. Then again, whether good or bad, publicity is still a publicity.
Yes I think so, as the popularity of bitcoin goes up the demands gets higher as well..if investor buy bitcoin at the higher price and then when it gets low their profit would be gone too, so others wait instead and hold what they have in hope that in the end they will have profit.
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