Topic: What is the Reason for increase of the Bitcoin? - page 2. (Read 3075 times)
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.
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 people have finally woken up to the fact that blocks now have BTC 25 instead of BTC 50 (or BTC 100 before that) and the golden days of mining cheaply are long gone.
It looks like you have waken from a long coma because the rewards for blocks are presently set a 12.5 bitcoins and not 25 bitcoin,hope you are unaware of the developments for the past seven months or so,if you have invested heavily into mining ,they are making a good profit because the price has doubled in the past few months.Read a wiki about the whole concept and it's basics. However even if the reward was 100 coins right now still demand would be much higher, there is at
least 200 times more demand than what miners are mining daily. It's OK though if you didn't know and now that you do read a bit more than posting.
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.Like when a baby is born he/she needs to be fed with milk, or we need to eat food otherwise we die after a few days.
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. 
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.
I think people have finally woken up to the fact that blocks now have BTC 25 instead of BTC 50 (or BTC 100 before that) and the golden days of mining cheaply are long gone.
It looks like you have waken from a long coma because the rewards for blocks are presently set a 12.5 bitcoins and not 25 bitcoin,hope you are unaware of the developments for the past seven months or so,if you have invested heavily into mining ,they are making a good profit because the price has doubled in the past few months. Be clear in your question!
He is asking, how big is the madness to buy BTC right now.
Why are you mad if price is rising?
If you weren't able to get some when it was cheap and now eating yourself up don't worry soon it will correct a bit we just need for the weakest hands to shake a bit to drop them. not only Bitcoin but %60 of all the crypto is experiencing such a great mooning.
Most of the reasons are here to increase the bitcoin price. But in my view, people are demanding more bitcoins, and in all over the world market bitcoins supply is short. I think it is main reason otherwise some people said mostly different countries accept the bitcoin as a currency and they demand it more, that's why bitcoin price going to high. But i think we should feel enjoy and gain profit from our bitcoins.
to me i think there are so many reason for increase in the price of bitcoin i think in present time the increase in the price of bitcoin is only because of the Japan decision about bitcoin. which really make bitcoin as skyrocket. and the second is that the confident of the people is also increasing and therefore they are purchasing bitcoin more, which is causing the increase in the demand of bitcoin, which is in turn increasing the price of bitcoin. 
What is the Reason for increase of the Bitcoin?
Steady increase in demand and limited fixed supply of 21 million coins.Japan accepting bitcoin as legal payment.
People all over the world getting aware of bitcoin's potential.
New companies starting to accept bitcoin as payment.
I think people have finally woken up to the fact that blocks now have BTC 25 instead of BTC 50 (or BTC 100 before that) and the golden days of mining cheaply are long gone.
A mixture of fundamentals and speculation. More and more people are starting to use bitcoin and its getting lots of media attention. This has led speculators to pump it more than usual, however the trend is still clearly up as it starts to gain mass adoption.
What is the Reason for increase of the Bitcoin?
I think here only two reasons due to that the Bitcoin is in trending in many places ( offline as well as in online ) .First reason is that announcement of the legalisation of the Bitcoin in Japan and that results into the numbers of the exchange sites and services with the Bitcoin related .
Second reason is of the news about the legalisation of the Bitcoin in India , The government of India is looking to legalisation the Bitcoin or they can ban it , but due to the example of the Bitcoin legalese declared in Japan , people expects that 99% chance is to legalise , so more and.more people are buying , so that they can make profit after the increase in the price after the legalisation of the Bitcoin in India .
Here is myself bought 0.1btc and hoping that will make profit into double
Bitcoin isn't increasing. There are still only 100,000,000 satoshis in each bitcoin.
The reason Bitcoin's price is increasing is the law of supply and demand.
There is a fixed supply of new bitcoins and an ever-increasing demand due to global adoption.
The reason Bitcoin's price is increasing is the law of supply and demand.
There is a fixed supply of new bitcoins and an ever-increasing demand due to global adoption.
Yes demands, it is just like the other users answers.
We are growing in number of people who want a part of bitcoin so the supplies will get low anf that means value again.
Any item that is being bought more will skyrocket in price since it is popular.
Look for any rear item out there which many collector would want to get their hands on it. When it goes out its price is more than an ounce of gold. I am sure of that.
We are growing in number of people who want a part of bitcoin so the supplies will get low anf that means value again.
Any item that is being bought more will skyrocket in price since it is popular.
Look for any rear item out there which many collector would want to get their hands on it. When it goes out its price is more than an ounce of gold. I am sure of that.
Most of the reasons are here to increase the bitcoin price. But in my view, people are demanding more bitcoins, and in all over the world market bitcoins supply is short. I think it is main reason otherwise some people said mostly different countries accept the bitcoin as a currency and they demand it more, that's why bitcoin price going to high. But i think we should feel enjoy and gain profit from our bitcoins.
What is the Reason for increase of the Bitcoin?
This is due to the very high demand of bitcoin in the market with respect to the supply available. I believed that this event was greatly influenced by the announcement of Japan that they will accept bitcoin as a mode of payment and this was last April 2017. Followed by Russia, then the most current is the announcement of Australia. Announcing such acceptance surely brings huge number of new users, thus, increasing the demand for bitcoin tremendously.
I agree there is no doubt that these countries you stated are aggressively buying bitcoin. Well, we can not blame them since several major companies stated that bitcoin is the current "hot money" meaning, there is a huge potential of profit gain when they involve in bitcoin. Aside from that South Korea also pushes bitcoin price to $2350. This means South Korea are taking part for bitcoin price increase.
What is the Reason for increase of the Bitcoin?
This is due to the very high demand of bitcoin in the market with respect to the supply available. I believed that this event was greatly influenced by the announcement of Japan that they will accept bitcoin as a mode of payment and this was last April 2017. Followed by Russia, then the most current is the announcement of Australia. Announcing such acceptance surely brings huge number of new users, thus, increasing the demand for bitcoin tremendously.
There has definitely been an influx of new buyers. See
https://www.bitstamp.net/article/increased-demand/
All the exchanges are experiencing something similar - this is new money coming into crypto.
https://www.bitstamp.net/article/increased-demand/
Quote
Increased demand
17 MAY 2017
Dear Bitstamp customers,
As digital currencies continue to gain in popularity, the increase in the number of new traders on exchanges like ours can exert significant pressure on the customer service team. Our duty to fulfil our compliance obligations also means that there are limits as to how much of the onboarding process can be automated, which imposes additional demands on our staff.
As you might expect, this recent spike in popularity has led to us receiving significantly higher numbers of customer support queries and verification requests.
17 MAY 2017
Dear Bitstamp customers,
As digital currencies continue to gain in popularity, the increase in the number of new traders on exchanges like ours can exert significant pressure on the customer service team. Our duty to fulfil our compliance obligations also means that there are limits as to how much of the onboarding process can be automated, which imposes additional demands on our staff.
As you might expect, this recent spike in popularity has led to us receiving significantly higher numbers of customer support queries and verification requests.
All the exchanges are experiencing something similar - this is new money coming into crypto.
What is the Reason for increase of the Bitcoin?
I guess it because japan has the market of the plus 15 percent of bitcoin price and yes there are good in market also where they are using bitcoin for there business or for personal purposes they are the one reason why bitcoin price is increasing meaning they are stocking coins.a huge value and i'm looking forward that it will continue to rise up even there's some issue with slow transaction.
If you are talking about the increase in the value right now, there are many reasons behind it because of the many people that are using bitcoin right now because of each and everyone of us to influence them maybe because of the price of bitcoin, or the security and convenient transaction it has that is why many are using bitcoin, second is some countries are accepting bitcoin right now to doubt turn to trust these countries are a big help with the price right now, and lastly banks are the number one enemies of bitcoin they really want to banned bitcoin for good, but there are banks that are pretty much accepting it right now and have gain transaction partners to help people with bitcoin in many ways!
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