What is the Reason for increase of the Bitcoin?

agustina2

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Quote from: Rizky Aditya on June 14, 2017, 02:28:15 PM

yes you are right the increase of the amount of bitcoin in market is dependent on the number of miners as greater the number of miners so greater will be the amount of bitcoin in market however the price of bitcoin is depend on the numbers of users of bitcoin because when the users of bitcoin are greater then the demand of bitcoin will be increase which inturn increase the price of bitcoin and the investors are also the reason of increase in bitcoin price.

What do you mean by number of miners?

The amount or price in bitcoin depends on the demand of users. Miners produced bitcoin but without demand of it, then there will be no increase in it's price. You just almost stated it. Maybe you are talking with the quantity of bitcoin but still like we said, no demand, no price increase, no hype, no investors .

Demand is the main factor why price increase. News and speculation are some of the examples who are making those demands since speculations will revolved around it.

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Quote from: Cosbycoin on June 14, 2017, 05:16:19 AM

Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

Not clear you are asking about the amount of bitcoins in the market or the price ?

If you are asking about the amount then it will increase as more and more people will be mining coins. If you are asking about the price, its the demand supply ratio. The more demand something has, the more it's price will be.

yes you are right the increase of the amount of bitcoin in market is dependent on the number of miners as greater the number of miners so greater will be the amount of bitcoin in market however the price of bitcoin is depend on the numbers of users of bitcoin because when the users of bitcoin are greater then the demand of bitcoin will be increase which inturn increase the price of bitcoin and the investors are also the reason of increase in bitcoin price.

Cosbycoin

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Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

Not clear you are asking about the amount of bitcoins in the market or the price ?

If you are asking about the amount then it will increase as more and more people will be mining coins. If you are asking about the price, its the demand supply ratio. The more demand something has, the more it's price will be.

magneto

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Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

Main reason is because whales want to get into bitcoin. Capital controls are tight in certain countries like China and Korea and therefore people are prepared to take a risk in assets that allow them to get away from government agencies that constantly monitor their wealth. I disagree with people who say that it's just hype and speculation. I believe that it's actually people discovering that bitcoin is a good way to store their wealth, and actually buying into it.

Proof? Korean and Chinese btc prices are always on top of the USD price because of tight money controls. I know that the korean markets have slowed down but if you look on localbitcoins the chinese buyers/sellers still trade at a high premium of 10% at least. And the USD rate is a bit lagged imo so it'll follow the trend of these exchanges. I'm not saying that none of this is speculation, probably a lot of it is. But it's not all speculation either.

timerland

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Quote from: Gaff on June 11, 2017, 06:07:52 AM

I should say it is a luck. Many investors will invest if bitcoin has proven a lot therefore,the bitcoin increases. Others may put down the name of bitcoin because they haven't experienced yet the benefit of being a bitcoin member but once they experience it, for sure they will slap their faces that it is genuine. Though you have to wait the increasing point because it isn't stable at times but then it is paid of once you achieved its challenge to wait. Patience is truly a virtue.

It's not luck. It's called speculation. I agree though that it's probably not because bitcoin has suddenly having a surge of new users but rather existing investors buying more and more of it to pump the price per bitcoin up.

Quote from: batang_bitcoin on June 11, 2017, 04:57:54 PM

The reason of bitcoins price increase is basically just because of the simple understanding of supply and demand. Thats the main reason, bitcoins supply has a limit of 21 million and there are already 16M in the rotation so as we reach the limit, the demand gets higher while supply is becoming low that makes the price pump.

Agreed. Price of bitcoin in the long run thereotically will always be bullish because of this reason. There will only be this much bitcoin in existance but there is an infinite amount of fiat currency that can be printed. Therefore, bitcoin is a good "store of value". But this isn't the reason why bitcoin is up in the short term, short term is always about hype and media.

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Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

Are you asking about the reason why bitcoin is increasing in price? or popularity? If bitcoin was invested and used by many people, the price of bitcoin increases, that is demand. If many of these investors and users sold their bitcoin, it will be ending in a dump, it may not be a big dump but it will decrease the price. Also if many users use to pay or transfer bitcoin everyday, it will also make it pump.

batang_bitcoin

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The reason of bitcoins price increase is basically just because of the simple understanding of supply and demand. Thats the main reason, bitcoins supply has a limit of 21 million and there are already 16M in the rotation so as we reach the limit, the demand gets higher while supply is becoming low that makes the price pump.

Gaff

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I should say it is a luck. Many investors will invest if bitcoin has proven a lot therefore,the bitcoin increases. Others may put down the name of bitcoin because they haven't experienced yet the benefit of being a bitcoin member but once they experience it, for sure they will slap their faces that it is genuine. Though you have to wait the increasing point because it isn't stable at times but then it is paid of once you achieved its challenge to wait. Patience is truly a virtue.

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Quote from: freedomno1 on June 10, 2017, 04:00:59 AM

Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

So many people want in because they see that price and go oh shit man this is where its at, then there are some who are dedicated and I mean committed to mining because its making them a lot of money.
The main reason though is big money entering into the game and increasing altcoin interest and government usage and attention only a matter of time now the currency is young but it is thriving.

Actually there has been lots of interest for that way back then, it's just now that it's becoming realized, and that we can attribute to the constant increase in price. Although, the catalyst to this skyrocketing valuation? That I don't know exactly.

zeze18

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Probably rise in bitcoin prices is influenced by many factors, and especially probably because of inclusion of large investors investing in bitcoin so that this will lead to a rise in bitcoin prices. With current rise in bitcoin prices, it certainly has a good impact on bitcoin users in different countries.

arwin100

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Basically the reason of it is the demand and surely majority of people will tell that since bitcoins is digital asset remember? The more people who wants to buy the more price will start to hike and for this current event of massive adoption surely we can see more price hike unto it since majority of people will see bitcoins are good investment and that could be the best for hodlers to earn more on this.

Clavulanic

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The reasons of increase of bitcoin price for now is the rise in demand and also there is bigger whales who had joined the invesrments putting up their money on bitcoin. More or them were seing the future of bitcoin depends on the consumers adoption of bitcoin to their life, and the profit that is now highly profitable to all of us who find fianancial sustainability from digital currency. So we can really move fast by spreading what's better about bitcoin and don't hesistate to trust bitcoin on how it can do impossible things.

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Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

So many people want in because they see that price and go oh shit man this is where its at, then there are some who are dedicated and I mean committed to mining because its making them a lot of money.
The main reason though is big money entering into the game and increasing altcoin interest and government usage and attention only a matter of time now the currency is young but it is thriving.

Dimelord

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Quote from: KevinHansen on May 18, 2017, 10:28:34 AM

What is the Reason for increase of the Bitcoin?

There are lots of geo political reasons for increase in price of bitcoin.Main reason is mass adoption of bitcoins taking place all over the world.Japan accepting bitcoin legally is also a main reason.Australia announcing the end of double taxation from july 1st,China and Russia starting to regulate bitcoins instead of banning might be the other reasons.People from countries suffering from economic crisis find bitcoins as their only hope to invest.More companies are coming forward to provide their services accepting bitcoin payment.Such reasons have created a combined impact on the price of bitcoin.

whizter

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Quote from: pitiflin on May 29, 2017, 04:47:31 AM

There are many reasons for increase of bitcoin,it may be because of mining or because of ransomware attack as well, normally price of bitcoin rises because of mining, but in this case it might be ransomware attack for the cause because the person's whose computer has been attacked to get his files back he has to pay the ransomware attacker in bitcoin and in return the person will get a key to get his files back.

i think the increase and decrease of the price of bitcoin may also be depending on mining, but it is mainly depending on demand and supply. if the demand of bitcoin is increasing, then supply interrupt and thus the price of bitcoin start increasing, but on other side if the demand of bitcoin is decreasing then mining will continue which will increase the number of bitcoin in the market and therefore the price of bitcoin will also start decreasing.

angaper

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Quote from: crairezx20 on May 29, 2017, 05:29:25 PM

Looks like the price today is ok again back to high price gradually.. and i think that is why we seen large drop few days ago because of whales trying to drop few price of bitcoin just to control the demand of bitcoin but i think they are fail even some people are panic to sell that push the price below $2k value and i think right now many people are still investing to increase back the value of bitcoin..

Of course, it is clear that many people took advantage of the sharp drop we saw recently to buy more coins and push the price back to $2,200, although this does not explain the meteoric rise that sent the price to touch its historic record last week.

To be honest, I expect this impressive rally has come to an end to resume the gradual and steady, albeit slow, growth we witnessed throughout the second half of last year.

crairezx20

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Looks like the price today is ok again back to high price gradually.. and i think that is why we seen large drop few days ago because of whales trying to drop few price of bitcoin just to control the demand of bitcoin but i think they are fail even some people are panic to sell that push the price below $2k value and i think right now many people are still investing to increase back the value of bitcoin..

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Quote from: iqlimasyadiqa on May 25, 2017, 08:16:32 PM

Quote from: Dr.Osh on May 25, 2017, 08:02:47 PM

I guess the addition of the investor, and the transaction makes the bitcoin price to rise. Well, it could be when very many big investors buy bitcoin in large quantities, making a lot of people vying to sell their very large bitcoin. I guess it could raise the statistics of bitcoin prices.

It is an important part of the current bitcoin price increase. The growth of investors and also the official use of bitcoin and the increasing number of bitcoin users are most influential. If there is no element of this then certainly bitcoin will not have the existing power as it is today.

yes that is right, on one side the users of bitcoin are increasing from time to time and on other time people are becoming more and more confident and they are really increasing the demand of bitcoin which is ultimately causing the increase in the price of bitcoin. i think there are so many other reasons which are also causing the increase in the price of bitcoin.

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Who knows i dont know.

YuginKadoya

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Quote from: ASHLIUSZ on May 29, 2017, 06:39:02 AM

Recently bitcoin became a popular news through the different issues that arose and made the entire population to look at it. This increased the usage of bitcoin to much higher level. Large scale mining farm generation with energy efficient power generation too is a reason for the same.

Back in the old days that bitcoin is not popular there are merely few users so how does bitcoin really sprung it's value like this? and the popularity of bitcoin is just recently happening now well back then Satoshi made a campaign and let other people know how bitcoin works well there are many who rejects him and we can say that the start of bitcoin is through bitcoin mining and satoshi is the only one doing it, that is why he introduce it, and that is the time where many users are already doing the mining thing and no other ways in earning bitcoin but just the means of mining with just your PC, then mining RIG was introduce to further level up the mining of bitcoin and so on and so fort. I think you need to read the history of bitcoin, and how it became so popular right now.

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