popularity of bitcoin dictates demand, means more profit - page 8.

Sled

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Bitcoin- in bullish time

Quote from: setialovers on June 25, 2018, 09:48:28 PM

Quote from: batang_bitcoin on June 25, 2018, 07:55:48 PM

Quote from: Remedios19 on June 25, 2018, 06:16:53 PM

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. Undecided

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

The market cap of bitcoin right now is falling down since the price of bitcoin is falling too and as well as the altcoins, it just mean that the market of the cryptocurrency is facing a huge problem this year and i am hoping just like the other people in the cryptocurrency market that the market will recover and reverse its trend to an uptrend.

pulkames

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This old thread needs to be locked as members are answering with present context. Op already got his answer for the past time.

minthit

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Well, time has decided on this. More popularity means more adoption and doesn't necessarily lead to more profit.

setialovers

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Quote from: batang_bitcoin on June 25, 2018, 07:55:48 PM

Quote from: Remedios19 on June 25, 2018, 06:16:53 PM

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. Undecided

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

batang_bitcoin

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Quote from: Remedios19 on June 25, 2018, 06:16:53 PM

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. Undecided

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.

Remedios19

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Yes, it is right but it is not the situation happening at the moment.

stayeduptolate

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Quote from: gambitcoin53 on November 29, 2017, 04:43:19 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?

The valuation flactuation is very very common in every kind of investment so there is nothing new about bitcoin also. Bitcoin is supposed to be very volatile crypto currency and thus its valuation are more susceptible to flactuation and the more important thing is that this valuation doesn’t depends on single factor only , there are multiple factors governing the valuation of bitcoin like the market demand of bitcoin, higher the demand, higher will be the valuation and then the second thing the amount of capital people invests into bitcoin.

Singbatak

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Quote from: gambitcoin53 on November 29, 2017, 04:43:19 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?

One of those really affecting the sky rocket of bitcoin is the demand! So the price of bitcoin is rising. And the other is the whales that are still taking advantage of price increases to pump more. And of course when they reach their target price then they sell their tokens reasoning for the panic selling of people and dropped the demand of Bitcoin.

arlington

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I have been in a cafe in my country which is called satoshi cafe and I have seen so many uneducated middle age man come there and want to buy btc with their savings just because they have heard it in the news, which increases the price too much with demand as well.

Grayy

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Undoubtedly, popularity affects bitcoin in so many ways, especially getting new people to be interested in investing in bitcoin. Popularity also makes governments scared of bitcoin in some way and start launching unnecessary attacks at bitcoin.

kateycoin

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Quote from: gambitcoin53 on November 29, 2017, 04:43:19 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?

The effect of increasing of bitcoin is more people will be attract to invest in bitcoin and many people will have a chance to sold their bitcoin when they see that bitcoin is on the highest price.

Jackulero

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Quote from: Ryker1 on June 14, 2018, 09:51:19 AM

Quote from: gowobonyok on June 14, 2018, 07:30:28 AM

yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

True, there will be no user and it will be not that popular if it's not profitable. And yes I agree that the fall of bitcoin price will make it pump again, because when the price becomes low a lot of investors and traders will buy more bitcoin resulting to the skyrocketing of the bitcoin price.

The increase of demand of bitcoin will dictates the current value of that coin, because of its low supply the value will increase by the numbers of users.

kabelpeggek

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As it high and became phenomenal everyone is curious is getting interested and everyone wants to try to invest if what they hear about bitcoin is really true and sometimes the condition seems the higher the demands the greater the price and so is the stock chances for investor to make a profit and the stronger the bitcoin may become

xsaints128

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Quote from: gambitcoin53 on November 29, 2017, 04:43:19 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?

I agree with you, it was because of the new popularity Bitcoin was experiencing last year that the price exploded. All the new people came to know about Bitcoin and just thought that its a money-making thing and just started riding the crypto frenzy and as soon as the price started going down all these people just started selling off and hence the price went down.

daarul50

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Quote from: Faxmate on June 14, 2018, 06:41:25 PM

Quote from: gowobonyok on June 14, 2018, 07:30:28 AM

yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

Yes of course price of bitcoin never remain the same, it rises and it falls but it is too much beneficiate if you know how to use the opportunity, we often get scared of falling price of bitcoin but no need to be worry just have patience and you will see bitcoin growing so early. Bitcoin gets down because of some whales who manipulate the market place, but now again bitcoin is at high demand so price will be high soon.

You are only speculating on bitcoin prices for some time to come even if you say growth and improvement will happen in the immediate future. I prefer to enjoy this price movement and have to believe in some speculation from some people because the speculation is not entirely possible in the future, it needs some analysis to determine the predicted bitcoin price in the future, without an analysis of the speculation could jeopardize people who are just starting to invest bitcoin.

xbl1008

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Quote from: gambitcoin53 on November 29, 2017, 04:43:19 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?

such good news triggers market reaction for the price to go up and capitalize and when it is bad news the market will trigger a price reduction that puts the charts to retrace and corrects mostly based on how strong and weak the news or rumors was.

pinoyden

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Quote from: Faxmate on June 14, 2018, 06:41:25 PM

Quote from: gowobonyok on June 14, 2018, 07:30:28 AM

yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

Yes of course price of bitcoin never remain the same, it rises and it falls but it is too much beneficiate if you know how to use the opportunity, we often get scared of falling price of bitcoin but no need to be worry just have patience and you will see bitcoin growing so early. Bitcoin gets down because of some whales who manipulate the market place, but now again bitcoin is at high demand so price will be high soon.

Quote

Yes of course price of bitcoin never remain the same,

the reason why price of bitcoin will never remains the same its because cryptos are verry volatile which means they can always fluctuate from time to time.

Quote

but now again bitcoin is at high demand so price will be high soon.

bitcoin thesedays is not really a high demand because we aint still experiencing an increase or recovery for it though , we may still soon experienced it on the last quarter of the year.

popularity of bitcoin cant always dictate more demand because not all people are interested on it. in which case we cannot really earn more profit.

Faxmate

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Quote from: gowobonyok on June 14, 2018, 07:30:28 AM

yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

Yes of course price of bitcoin never remain the same, it rises and it falls but it is too much beneficiate if you know how to use the opportunity, we often get scared of falling price of bitcoin but no need to be worry just have patience and you will see bitcoin growing so early. Bitcoin gets down because of some whales who manipulate the market place, but now again bitcoin is at high demand so price will be high soon.

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: gowobonyok on June 14, 2018, 07:30:28 AM

yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

True, there will be no user and it will be not that popular if it's not profitable. And yes I agree that the fall of bitcoin price will make it pump again, because when the price becomes low a lot of investors and traders will buy more bitcoin resulting to the skyrocketing of the bitcoin price.

gowobonyok

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yes of course, if bitcoin is not profitable definitely demands against bitcoin will never go up. the fall of the bitcoin price is only part of the bitcoin fluctuation that will make it pump again and demands on the bitcoin will increase.

Topic: popularity of bitcoin dictates demand, means more profit - page 8. (Read 3005 times)