Topic: What Caused the Boom in Bitcoin - page 13. (Read 3769 times)

Because Bitcoin is the digital cryptocurrency and it is spread across the globe. Its quality is very good and it is becoming very popular in the market. Because Bitcoin is so booming or people are attracted to it because it is a huge coin of profit.
As long as it is in the world market, it will be admired and appreciated by everyone.

increasing the existing assets in bitcoin is the biggest breakthrough that can make the boom in bitcoin ..
what is this cause ....?
  or it's a plan for bitcoin to raise prices at this point. which will be a surprise for investment ...

perhaps it was beneficial to those who launched bitcoin into the world...it was probably advertising...people began to pay great attention to the cryptocurrency, because this is a new technology and it's interesting

It is true that many ICOs came out this year. But they were almost based on the ETH blockchain (or sometimes Waves), so these coins should have grown more than Bitcoin...

Because of the volume of the people who used and invest bitcoin the demand is getting high that is why the more we need it, the value of bitcoin will arise or boom to the highest level

law of supply and demand. yes that's and it goes this way. Many wants  to invest in bitcoin but no one selling. so thats now the bitcoin price high. because few available bitcoin circulate on the market. Many wants to buy but less people selling the coins.

With the limited amount of bitcoin while bitcoin users continue to grow, bitcoin continues to soar, with added positive news and gossip on the bitcoin.

Yes you're one of the most boomers in the price of bitcoins is its supply and demand. But there is another that really contributes to the price of bitcoins and is the hardfork. Because hardfork is a step to improve bitcoins it comes from an altcoins generated by hardfork.

Well maybe because of gaining users of bitcoin. It is more popular than ever. The rise of investors and users are one of the reasons why. More demand, higher bitcoin value/price. Though many countries banned bitcoin already, the bitcoin's popularity in the world is literally no joke. Months passed bitcoin was surprisingly improves itself. People that are now using bitcoin thinks of it as a very convenient job at home or maybe a part-time job. Maybe bitcoin became popular because this is really convenient and useful.

For example, Bitcoin joins the Chicago futures. The price of bitcoin will go up. For example, some places began to announce the acceptance of bitcoin payments. The price of bitcoin goes up. For example, some countries recognize bitcoin. The price of bitcoin goes up.

There are many reasons. First, this might be because of its popularity and its value in terms of money since the demand won't be increased if the people who knew this aren't gaining from it. I think Bitcoin will still happen or exist if the people will continue to use it. Second is that there are lots of advantages when you start using bitcoin, sometimes you just have to discover it by yourself. And maybe as of know, Bitcoin is still continuing to improve.

Major caused of booming of bitcoin, We all know that bitcoin has a limited amount in nature, the sudden rice of investors and limited supply in the market will directly affects the rise and fall of btc value . We cannot control the influx of user because they find good profit and easy money in the real world.

I think the reason is the growing community of bitcoin user and popularity in many country, also the people who get attract and get interested in bitcoin is increasing. Thats ways there's cause a boom in bitcoin, even there are negatives news about it.

Bitcoin is indeed a good way to earn an income.  To people like me who have a job and tend to look for an extra income, bitcoin is a good job to have.  The earnings I have from bitcoin is much higher compared to my salary.  Bitcoin is trusted and proven to give real income that is why it is the most sought digital currency.  Its high demand makes its proce to goes up.

It is not just because of its popularity since it is the oldest one when it comes to cryptocurrencies. But also due to its' price volatility that attracts a lot of fearless people to invest with bitcoin. And for the typical individuals like me, bitcoin helps us to earn extra income the fastest way. That's why i believe bitcoin become the talk of the town.

Those surges in value of bitcoin are caused by :
1. Inevitable worldwide demand for virtual currency - Bitcoin showed the people a more efficient and secured system for virtual currency which tend to make life a lot more easier
2. The HYPE - The unstability, sudden surges, price fluctuations of bitcoin drew the attention of a lot of investors making it  mainstream worldwide. Also, include the social media who made buzz about the certain currency.
3.  And mostly a lot of people cheering and supporting bitcoin. Bam

All that's happening with bitcoin is the real growth. This is simply based on the demand to the supply availability causing the variation in circulation of bitcoin around along with the market valuation. It's not the boom, it's the realistic growth of bitcoin overcoming barriers.

This year, the value of the crypto money market increased by more than 1,200% !!! According to CoinMarketCap, the total market value of these digital assets (market share) has risen more than $ 230 billion. At this level, the total value of crypto currencies increased by 1.200% this year after starting with more than $ 17.5 billion in 2017.
- As a greater majority in the market is trying to understand this market dynamics, the interest in the market is increasing,
- Price increase and increase in interest complement each other,
- As the value of the crypto currencies increases, it attracts market watchers, which in turn helps increase in prices,
- In the first half of the year micro level investors from China, Korea and Japan were suppressing Bitcoin prices. In the second half of the year, corporate investments and micro investments from the US market began to enter the market.
-Increased investment, especially from traditional finance: hedge funds, family bureaus, high net worth individuals, and even if not yet, such as banks, pension funds and sovereign wealth funds
- Crypto currencies have experienced sharp price fluctuations in the past, up and down and many observers, now it is also possible to think it's a balloon
- Please bear in mind all time that a significant portion of the 2017 earnings might be lost easily due to price falls in the coming years.

What do you think?

What caused the boom in bitcoin, and how bitcoin was successful on the virtual money market
Bitcoin is the most valuable virtual currency on the market, because it is a powerful virtual currency, it is burning many large investors.
It is very new to a currency that is not real, it is a currency created by our beliefs

Bitcoin's fork is all about development, it is all about upgrade. A lot of proposals was made and debated in order to make bitcoin more interesting and popular to a lot of users and investors. As a result of that development, you can see now the increasing demand and the overflowing bitcoin price and might pump more because a lot more users are buying this digital currency.