Topic: What Caused the Boom in Bitcoin - page 4. (Read 3769 times)
I think that the price of bitcoin has grown so much because of the large amount of advertising! All news channels, media and other sources talked about an incredible price increase. Further on, people who do not understand the Crypto currency have started investing large amounts, which pushed the price up even more.
More and more people learn about bitcoin and the world's trust in it is growing, it is increasingly penetrating into all spheres of life, so its price is growing.
maybe the price
I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
Base on my knowledge the cause boom of the bitcoin. It depends to the event, news, article regarding the bitcoin or cryptocurrency. If this good or better activities that I said the effect on the value of the bitcoin or even the altcoin. But if this activist is against on the cryptocurrency, I am pretty sure the amount of it will crash. It also depends on the demand and supply of the bitcoin the high demand there is a chance to boom the price. I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
It was just huge hype around bitcoin , people was screaming about easy money, big potential and other promising stuff. More hype means more new people, more new people - expensive price.
Panic selling, obviously. Bitcoin is experiencing the panic selling in the market and that is because there is a lot of FUDs that are around and since the people are so vulnerable to the news even it is fake or not, they are reacting so fast to it without even thinking twice the last thing that is why the price are just getting to the bottom and i hope that this dump will not continue.
I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
Yes it is, bitcoin's last year is the best year for bitcoin, and this year 2018 will be also a great year for bitcoin, many bitcoin experts predict that bitcoin will pump this year 2018, and the boom of bitcoin is actually happened every year, and also because many investors now investing in bitcoin because they see a lot of potential to bitcoin now, or to cryptocurrency.
Because bitcoin is the primary cryptocurrencies and the recognition of its miles now getting wider all over the world this primary purpose why bitcoin fee and recognition became a hit. The value appreciation of bitcoin is one of the motives why people are drawn to cryptos and as lengthy as it maintains to comprehend it'll remain a big name within the cryptocurrency marketplace
I think the boom in bitcoin is due to the limited number of bitcoins and the increasing demand. There are many factors that make the demand more and more, one of them I think is bitcoin-related issues, especially good news about bitcoin.
I think bitcoin is the first bitcoin digital currency that can be very expensive first and can be used for multiple purchases that can be used to pay for anything you want and the first digital currency dare to deliver very fast, secure and transparent transactions.
Bitcoin has become very popular which causes a lot of people to invest and gain access to the most valued currency. The rush around Bitcoin grew, so did its value, making it scarce and making its value bigger that it almost reached $20k. Other than that, Bitcoin has received praises from people like Bill Gates, John Mcafee and other business figures who spoke highly about Bitcoin resulted to its boost.
which makes bitcoin a "boom" and is well known are some of the more intense media talking about bitcoin so bitcoin becomes very popular and not only that because bitcoin has a lot of demand so bitcoin becomes very popular.
more investors mean more money flooding the crypto world and especially to bitcoin. This has led to a remarkable increase in bitcoin market capitalism. It's so high now so it's impossible to push it down
Bitcoin is a function of digital asset, like wise the way we see Gold and Silver, therefore bitcoin has a better potential in the coin market and it always maintain the average level of performance of movement price and that is the reason why they are many investors and trader
when viewed from the graph on each year. bitcoin always has an inflated price. and by the end of 2017 is the highest peak for bitcoins and other crypto currencies. I think in addition to supply and demand is a price determinant. bitcoin technology as well as price supporters and become the best currency in the future.
The sharp bitcoin price increase in 2017 was caused by Fork plans made by Bitcoin Gold and SegWit2x at the end of October 2017. This caused many other digital currency owners to then sell their assets to buy Bitcoin. So I think Fork is also very influential on the occurrence of Boom in bitcoin in the future
Mainly because it is decentralized. Near to half of the population in the world has negativity towards a centralized system, because of its easy manipulation and corruption. Bitcoin price will increase more and more as these people will try to get into bitcoin and start using them.
I think one factor which is very important what nobody look at it, is that bitcoin was and will ever be independently. So thats why the most people also trust in the anonymoty of bitcoin. Of course there was a huge effect from the dark web. People start to buy like crazy drugs and other ilegal stuff and pay them with bitcoins. But if it was not like anonymous contos, it would not be so high. So there are many factors what caused the bitcoin boom.
I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
All of us know that bitcoin is the leading cryptocurrency now in our society. It is the most well known digital money. In my opinion, what cause the boom in bitcoin are : first, the online transaction in here that you can be anonymous so it is definitely safe. Second, people are encourage to join in bitcoim because the price of it was high. Lastly, bitcoin makes the life conveniently..
There are so many cause and reason why bitcoin price is getting to high,like a news its either good or bad its always affected and reflected to the price and image of bitcoin,also the big whales of bitcoin or also known as investor they are also the reason of pumping and dumping of the price of bitcoin,so now this is the only things that i know why the price of it is moving.
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