Topic: What makes Bitcoin to move this fast? - page 18. (Read 3709 times)
The online gambling market worldwide is very huge and we speak here about billions! Bitcoin gives everyone around the world and this totally independent of local laws or restrictions the possibilty to gamble or bet whereever and whenever he likes and as more and more online gambling and betting sites offer bitcoin as a quick deposit and withdraw option, this is surely one reason why there is such an increasing demand for bitcoin.
when demand is more than supply the price goes up every time.
Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.
People who hear Bitcoin and it's moving speed they want to invest Bitcoin. By the way they will enter the market and Supply for Bitcoin increases. This effect Bitcoin price fast too.
when demand is more than supply the price goes up every time.
Thats true and thats because of the people who continuously shows interest and eagerness to have bitcoin because of them the working process here became sustainable and useful for each one of us. The unreachable rate of bitcoin nowadays is because of the workers who has been inspired to work here.
Limited supply of bitcoins but uncontrolled and ever growing demand is the main and only reason bitcoin price is rising so fast. Common investors are staying away from bitcoins due to high price and huge volatility. All other currency and commodity markets of the world are in low mood, as a result speculators big investors and billionaires are playing in bitcoin market today. This is the reason bitcoin price is showing such a unexpected growth.
According to S&P Global Wall Street is currently in a bull market. This bull market is over eight years old and continues to grow. I believe due to this prosperity traditional investors feel bold enough to invest in this volatile market.
This is all because of the increasing user interest into bitcoin compared to the past days. The price increase might have attracted large number of users in a short creating an increased circulation of bitcoin leading to growth. During the recent price increase, in some countries the price of bitcoin was sold 10-15% higher than the market price. This itself shows the increased demand for the same.Buying Bitcoin higher than its market price is a sign of emotional buyers entering the market. I also believe that less educated emotional buyers are a sign of a late bull market.
Guys I'm wondering why BTC is moving this fast to up? With logic there should be a huge amount of money flew into BTC market but I don't see any reason to make this happen.
Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
I think the reason why bitcoin was brought up into a fast movement of price, is the popularity that pumps up the demands of bitcoin in the market which is the result of the bitcoin popularity among the people based on the benefits bitcoin can provide that attracts many supporters, consumers and potential investors that is making the price raise to the top most value due to the continuous popularity of bitcoin. Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
The price of bitcoin moves up and down so fast because there are a lot of people who are getting interested and are excited to get a piece of something that has proven its value since it has reached the $10k price and still going up because of low in supply and high demand, this results to higher transaction fees and congested network.
Many newcomers are looking at the price of Bitcoin and afraid it's gonna raising more and more. So they try to investing everything of them into it without knowledges about Bitcoin. More demands and lack of supply will lead to the fact that the price is going to the moon.
Number one reason for that bitcoin is really a great source of income for all of us that is why when somebody has earned here and show its proof to their love ones many people has been interested. In short, bitcoin has doubled in demands as of today and everyday a lot of users are getting involved in trading or investing.
Many newcomers are looking at the price of Bitcoin and afraid it's gonna raising more and more. So they try to investing everything of them into it without knowledges about Bitcoin. More demands and lack of supply will lead to the fact that the price is going to the moon.
The high and increasing demand on bitcoin is the factor that makes the price go up so fast. More people are getting involved and interested with the bitcoin industry. Investors are coming continuously and putting their money on it. Bitcoin will continuously be in the market and we will be sustained for a long time. So I think price will continue to go up.
That's because bitcoin is well liked by many, and the price is now soaring.
I think it is the interest of the people that makes the bitcoin move rapidly. Because of the demand the bitcoin price is increasing rapidly and i think that is reason why bitcoin move this fast.
The reason is that many people are interested in Bitcoin and thinking it is a promising investment, so with high demand make price go high, and I think the demand still increase because many experts are predicting the price will still go up, so people keep interest have Bitcoin.
Lots of people are throwing their money in it without knowing what it really is, basically they see that its price is going up and automatically assumes that it would do so for the rest of time. Some say that bitcoin will be the same as tulip mania; I agree with them.
I think it is due to high demand of the investors or bitcoiners while the supply is limited. it makes the price rising
The number of users who continuously invest in Bitcoin varies. For this reason, sudden price changes come to fruition. In addition, Bitcoin is influenced by the news on the agenda and is highly influenced by US policy. Last week Nicehash's hacking resulted in a frightening decline in Bitcoin prices. If the bitcoin came back at the old price, it will be quite moving this week.
Guys I'm wondering why BTC is moving this fast to up? With logic there should be a huge amount of money flew into BTC market but I don't see any reason to make this happen.
Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
Its a new concept and its booming and trending in many countries. Most people just follow the trend, and they see if others are earning through it, why dont I earn this fast. Its a fast trek trading and hence attracts people. But it must have a certain limit after which it will collapse, but no one knows when, so till than enjoy and Earn. Is there any economic reasons about this massive flying to up? What are your opinions about this happenings?
it's pure speculation, now everyone already heard about bitcoin and how it is the best investment ever growing on value every bloody day, so they want to buy some too and get rich asap..
Yeah, more investors mean more money come in the cryptocurrency market . Which a lot of money investing, the price will absolutely increases with the insane way.
I think people are accepting it as the normal currency, normal payment are the reason boosting the price of Bitcoin to this.
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