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Topic: What is driving BTC increase - page 3. (Read 2829 times)
Once, when creating a crypto currency, bitokoin Satoshi Nakamoto was initially laid down the trend of price growth, which is provided by the algorithm itself, and this can not be changed.
Any good news (such as the acceptance of Bitcoin payments in large companies) and the entry of large liquidity from large investors
The price of Bitcoin is based on what people are willing to pay for it. Currently there's a lot of people speculating that it is going to be worth more than it is now and they're willing to pay the current price for that reason. There are also people that believe in the technology and we'll be holding onto Bitcoin no matter what the price is. These people are outnumbering those who are selling which is why the price is going up, though at the time of this post some people are dumping their coins and diving the price down.
Bitcoin has a finite cap of 21 million coins, of that 21 million 16,700,000 have been minted. So while currently there are 12 and a half Bitcoins made every 10 minutes, this with tamper down every 4 years until we reach the 21 million cap. Basically the vast majority of coins will most likely be mined by the year 2032.
Bitcoin has a finite cap of 21 million coins, of that 21 million 16,700,000 have been minted. So while currently there are 12 and a half Bitcoins made every 10 minutes, this with tamper down every 4 years until we reach the 21 million cap. Basically the vast majority of coins will most likely be mined by the year 2032.
There are several reasons to increase Bitcoin value. First, Bitcoin's rise in price at the end of 2017 has attracted many investors. Although Bitcoin has fallen sharply, many still expect Bitcoin to grow rapidly, even surpassing its peak. Second, many believe that Bitcoin will be a new trend in trading, so investing in Bitcion is investing in the future.
The reason why bitcoin has been so alive since 2009 is that there is a sense of crisis in the way the money is being saved. They have poor people, they can't afford other assets, they just want to buy bitcoin as an investment, and they have rich people with lots of assets, so they can hedge when the bubble bursts. What they have in common is that they don't trust big government and they all hold bitcoin. And from the human nature of most people, a growth of an individual's ability to create wealth is far less than their desire of growth, the government in order to calm widespread discontent, are used to print money as a way to solve the currency not only won't break down, and stood in the side of the time.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I'm interested also in BCH too, same questions
because first more and more of investors and people are being attracted because of BITCOIN'S POPULARITY and also the BIG HIGH PRICE bitcoins do offer nowadays.. imagine people are driving crazy because of money .. and I can't blame them because I am taht kind of person too Grin
which makes the bitcoin price to go climb higher as the time passing by
which drives growth in BTC currency development ecosystems are you, traders, mining, merchants, financial institutions and exchanges, then you represent a community that works in turning the wheels to ensure supply circulating the BTC has always lived balanced so that the risk rate for the size of the change in security value over the BTC price does not go beyond inflation rate.
currently too much drama played by public so they want the BTC to return at the lowest price in its history so that they may benefit later in the same way as the previous one
currently too much drama played by public so they want the BTC to return at the lowest price in its history so that they may benefit later in the same way as the previous one
The number of enthusiasts also affects, in the sense that the more days newcomers continue to arrive while the number of bitcoins does not increase. Well, I think bitcoin prices will be hard to get back at a price like 3 years ago where bitcoin users are not much this year and beyond.
For the last 3 months the bitcoin price is at a decline. I think now this time is about to end and 3 month is enough to see the bearish trend. Soon we will be seeing more growth in bitcoin prices and a bull run might start by the end of April. The thing is that Bitcoin is not a ponzi scheme , it is a real digital assets and it demand has not been lost even if its price is down a lot.
The fall in Bitcoin rates is due to the impact of various negative news on the Internet. Newly there are many experts have distinguished Bitcoin has failed to become the most popular currency in the world, the future of Bitcoin will be replaced by Ethererum, etc. But Bitcoin's exchange rate is still at its highest, dominance for over 40% of all cryptos in the cryptocurrencies market.
The more wanted bitcoin prices go up with it. Bitcoin is the first crypto currency that people tend to hear. More and more people are starting to see the potential of bitcoin so as a way of making money they can see buying and holding even for a few weeks can make money
The number of enthusiasts also affects, in the sense that the more days newcomers continue to arrive while the number of bitcoins does not increase. Well, I think bitcoin prices will be hard to get back at a price like 3 years ago where bitcoin users are not much this year and beyond.
For the last 3 months the bitcoin price is at a decline. I think now this time is about to end and 3 month is enough to see the bearish trend. Soon we will be seeing more growth in bitcoin prices and a bull run might start by the end of April. The thing is that Bitcoin is not a ponzi scheme , it is a real digital assets and it demand has not been lost even if its price is down a lot.
BTC increased factors on its investors and market capacity demand. The more the investors joining bitcoin community the better the market price it will get. The more the demand the higher the price that bitcoin can offer.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I noticed that the main factor of Bitcoin's price spike was the growing demand for Bitcoin. That way, Bitcoin is becoming more popular and I see that it can be used as a reference of various digital currencies that exist today. When a coin is getting sought after by many people and then supply decreases then price will keep increasing. But when demand is decreasing and supply is still a lot, it is certain that the coin will decrease its value. So we can say this as a thing that is very influenced by us all, the user of digital currency. I'm interested also in BCH too, same questions
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I'm interested also in BCH too, same questions
On my mind the people’s interest is the main reason why Bitcoin is growing. When the price overcome the demand we will see how Bitcoin is falling. This is common rule which you must have in mind.
There are various mechanisms for ensuring the confidentiality of users, and even more is in development. However, there is still a lot of work to be done so that these functions can be correctly applied by users.
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
I think altcoin is the main reason for boosting btc prices. when we need to buy a certain altcoin. First we have to buy bitcoin first and then exchange with the altcoin that we needI'm interested also in BCH too, same questions
So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two?
I'm interested also in BCH too, same questions
basically what's making the spike in bitcoin price is the investors, depending on how much they invest. The basic law of ECONOMICS explains it all. Bitcoin is limited in supply and many people are investing in it that results in an increase on its price. I'm interested also in BCH too, same questions
In today's economic context, every financial product needs to be backed up with a security scheme so that the big investors who invest in it are not vulnerable to losses. This security scheme is usually a hedging in Futures or Options markets. In the past, Bitcoin did not have this scheme. However, by the end of 2017, two managers of the world's largest futures exchange, CME Group and CBOE, will launch their Bitcoin Futures product. Therefore, the big investors who want to invest funds in Bitcoin can do hedging. Moreover, it also allows large retailers such as Amazon, to adopt payments using Bitcoin. So, not only will Bitcoin be increasingly sought as an alternative investment asset, but also its use in payment systems as well as fiat money, will continue to increase.
Right now, that's good news from the G20. That means trust is to be found in the future. Investors and users can be assured with the happiness. At least rumors of distractions in doubt have crossed. bitcoin and crypto values will recover ->> We will continue to hold on to the guarantee.
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