Topic: So why is the price of bitcoin going up so crazy? - page 8. (Read 2488 times)

I think there are several factors that moght be leading up as to why that there is an increase on bitcoin prices. It moght be that the demand are still there and rising or that companies suddenly have urged each other to look and integrate and thats why ts stock is rising.

As the demand of bitcoin and investments made by people increase, the price of bitcoin arise too. The rise and fall of the price of bitcoin is based upon the increase and decrease of its demand by people using it. So when demand goes up, so does the price of it and when demand goes down, the price go down.

Bitcoin has crossed $11000 mark yesterday. It has raised 900% from 1st Jan,2017. Bitcoins supply is restricted to 21 million bitcoins. But its ever growing demand making it more and more volatile. The price of any currency depends on the flow of demand and supply. In case of bitcoin its popularity among its users and its restricted supply is pushing its price high. As its price is increasing more people are trying to buy it in hope of gaining more profit, pushing its price far beyond.

It's quite obvious that the demand is high for Bitcoin these days since the supply is limited. The thing that matters is the money flow. Where do you think all this money is coming from. All I can think of is black money. There will be many other investors investing their hard earned money but then the share of black money would be much bigger in Bitcoin. The anonymity of the coin is another reason why people are investing their black money in it. There would surely be a problem when they will need to withdraw it as governments are regulating crypto currencies these days.

I think it's because members of Bitcoin is increasing or Bitcoiners are increasing. It is in demand.
If bitcoin will takes more years or lasts, ofcourse the price of bitcoin will going up or wil be very expensive.

But what do you think guys, after many years- bitcoin will give disadvantage for us?

it is because the number of bitcoins available is too small and finally will be limited to a cap and currently is being created on a slow rate. meanwhile the number of people who want to have some amount of bitcoin is increasing for many different reasons such as the media coverage, and the good performance of it this year.
and with all the news about bitcoin going mainstream and Wall Street entering bitcoin these days, all the attention is to bitcoin.

apart from all of that, bitcoin is a decentralized currency. it is one of a kind. there are a lot of benefits in using it.

There are so many investors who love to invest on bitcoin because of its amazing price that became higher daily.Bitcoin was indemand not only on the investors but for the people who are using it.It price increasing and it was become more stable that bitcoin was in the good market.Many people now are crazy for bitcoin they get a lot of profit and they earned more and more due to its price.

bitcoin users are increasing so it also rises, and it also depends on the bittrain of bitcoin so lage increases the value of bitcoin because many bitcoins also use bitcoin and many are also investing in bitcoin so bitcoin is increasing rapidly most of to bitcoin people who are also earning others so they earn on bitcoin, they just dug out and earn a big deal.

There is still a higher price, 2018 will be a bet Bai holders Bitcoin.
Many predict that Bitcoin will be worth lambo, sounds strange but nothing is impossible in crypto...

In the past few months, it will be seen that the number of Bitcoin users has increased greatly, due to the fact that its utility has increased, and its demand is rising due to its use, the price of the transaction is going out of its own price.

It is a store of value asset that can be easily moved across borders without any intermediary/3rd party that unlike gold, stocks, bonds, real estate, is largely free from any central bank led price manipulation.

Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.

IN last few the no.of users on this forum has increased tremendously,thus increasing demands and according to some sources many people have invested in bitcoin on occasion of thanks giving,again increasing the demand,resulting in increase price.

Why is bitcoin growing so fast the reason for the simple increase in demand for it, and all because of the fact that many people in their time missed the opportunity to invest earlier, they are now in a hurry to do now

Because peoples are crazy about Bitcoin, they are involving in this with their own interests.

Bitcoin Futures are coming! nasdaq joint a party.

For the same reason all other bubbles have happened throughout history...pure unbridled greed.  There are no underlying fundamentals that can justify a parabolic rise like this...especially when there are so many other altcoins that are equal or superior to BTC for use as a day to day currency.  The only reason institutions are getting involved is due to demand by their clients.  Personally I do not know anyone in investment institutions that recommends crypto to their clients.  They consider the whole crypto space to be an irrationally overbought bubble and to put their own money into it far too risky at this point.  All of these investment professionals have known about Bitcoin for years so it's not a question of not understanding the technology (since everyone uses ignorance as an excuse for those that do not want to put their capital into it)...they probably understand BTC better than 99% of the shitposters that comprise the majority of the forum members.

So that's basically it...the rise in price is due to crazy/irrational greed and not much else.

many factors influenced raise of bitcoin movement, many demand, and i think BTC is best investment now

thats why BTC price always going up.

Indeed, the price of bitcoins has been growing lately. The reason for this is one - the crazy demand for it and the massive investment in it of people who want to profit from the growth of its rate. This is a vicious circle, which leads to inflation of the bitcoin rate, and therefore will lead to its sharp decline.

Yes, indeed the demand is too much at this point and we have no time waiting for the bitcoin to go up very high and see that its now very expensive. Because we can not buy at that price and hence people are trying to grab as much bitcoin as they could at this point. Thus making everything look like gong hyper active now a days. This has created huge leaps in the crypto market. The most surpassing thing is alt coins are going upwards in this regard and wondering how the money is flowing in the both streams. In the older days it was like when bitcoin use to go up the alt coin use to go downwards. But things have been different now a days and well I like it.

The crazy demand of people for bitkoyn in the hope of gaining huge profits generates its insane growth in price. There was a strong skewing of the market of crypto currency in the direction of bitcoin. It would be better if the market of the Crypto currency developed evenly, so that bitkoyn would not sever much of its price from the other altcoyins. The current state of affairs will simply lead to a sharp drop later, which, given the presence of many newcomers to the crypto currency, will lead to inevitable panic and a sharp decline in its rate.