Topic: What makes Bitcoin to move this fast? - page 20. (Read 3709 times)

i think its price is increasing because its use is increasing day by day and many people are showing interest in this after knowing about it fully .beacause of the increasing of its use and people becoming interested in it and investing in crypto and bitcoin the price is increasing day by day

Law of supply and demand as there is a limited supply of bitcoin. Also bitcoin is being considered as a store of value since it has not been hacked, unless of course, someone got hold of your private keys.

There are many reasons on why bitcoin prices/reputation is increasing everyday. Below are some of my opinions on why we are experiencing this opportunity currently:

1. The advancement of technology together with social media build hype for bitcoin into attracting and retaining new/old investors. There are a lot of ads going around and there are news spreading about bitcoin's price;
2. With the hype of media, new investors are eager to realise profit. They tend to invest their money hoping that bitcoin will answer for their future- which relatively may differ from one person to another depending on the circumstances;
3. Some countries are beginning to accept and see bitcoin as an alternative payment/currency into the market. Due to this, a lot of big trading companies are starting to acknowledge it as payment (i.e. http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/); and
4. With the recent price increase, who does not want to invest into something that may yield large amount of profits in a short amount of time?

Though bitcoin's price is the talk-of-the-town around the world, there is still the risk of it popping in the future. Many investors are saying that bitcoin will be the biggest bubble that will happen due to its nature being decentralized and intangible. Still, investing into bitcoin depends on our decision whether we want to take the risk or not.

I think more of the investors are willing to invest in bitcoin because of their characteristic in the market, most of the people are going in bitcoin. Now we consider the bitcoin is the main profit of the people.

Correct. Demand is all that matters.
We think bitcoin is really expensive right but come to think of it. When I googled salaries of NBA players it is million of dollars for just playing basketball for years. This is a cheap one if you are looking at those numbers. They can invest thousands of bitcoins and there will still be something left for them.
Same with brokers and other jobs in America.

increasing fast of bitcoin due to high demand of it, now is considering a good way of wealth according to big jump of price, investors looking for 20k and + of price,

Bitcoin can increase so fast its because, some of investor are invest in multiple accnt and other people that new for investment is also invest here in bitcoin.as of now bitcoin investment is in demand so the value of bitcoin is growing up so fast.

I think the reason why the price of the bitcoin move so fast is because many people are now patronizing bitcoin. Most of the investors are now aware that there are big profit by doing bitcoin investment.

it seems that this is due to the increase of bitcoin users, resulting in a lot of bitcoin demand and rising prices in the market, remember economic law if demand increases then prices will rise because of the scarcity of goods

That's definitely something that no one can deny and as its use expands or becomes more popular than before and it is moving much faster than years ago, although despite the fact that for many people it is still something strange but as they see or know the capabilities of BTC end up investing even a small amount to prove this new technology and perform transactions quickly and effectively and even at low cost where effectively one of the uses that can be given is in e-commerce thru Internet, but maybe this  isn`t limited to that only.

Bitcoin is moving this fast for so many reasons. Like for example, people who have just heard about bitcoin through their family or friends who's earning well with it were now a bitcoin user and investing in cryto currencies. People were also afraid to lose their chance on earning well this way.

From the word fast? In bitcoin we can easilly access from cash in  cash out or  direct payments of bills. Shall we called bitcoin is a hightech kind of currency. Fast like a machine.

in my opinion maybe bitcoin much in demand by many people and bitcoin ownership is very valuable. so bitcoin can be quickly popular in the world

I agree with this one. People who has interest in putting their money to bitcoin is one of the factors why bitcoin is moving fast when it comes to increase in price. Traders, miners and investors move towards their investment/coins also affects the moves in price.

It is definitely because of the massive and continuous flow of bitcoin investors. Many businesses accept bitcoin especially in e-commerce because they know that it is "worth accepting". The value will increase further in our digital age because as the internet and e-commerce continues to successfully revolutionize the market together with bitcoin, the demand with the cryptocurrency will definitely increase as well as its popularity. Even the 'ads' informing everyone about different cryptocurrencies invaded facebook (though we can never tell if it is legit), especially encouraging people to invest or mine bitcoin. That's the reason why it fluctuated this high in 2017, what more can we expect in the future years.

I think the main reason why bitcoin value grows this fast is because popularity and acceptance of people to crypto currency is now getting wider also the trust over digital currency has been established that's why many investors are now looking towards into bitcoin. For almost a decade now bitcoin helps many people and some become successful and able to build their dreams into reality

I think with your question, the answer would be a lot of opinions, but from my personal point of view, with the recent 3 month cryptocurrency market observation, It is because many people, from newbie to professional investors are participating in BTC investment should lead to more demand than supply, inadvertently causing the BTC price has increased rapidly in recent times. 

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.

I think the bitcoins being popular this year makes them goes up because even those people whobare non investors are joining in here in this community so the total value of the money in this bitcoins are increasing that makes the value in the market goes up too. Because bedore the people behind bitcoins are just businessmen but today even the ordinary people are now putting their money in this thing so the demands are going up and so as the value that is why the bitcoins are on the moon today. But it will go down and expkode like a bubble.

I think that there are  different reasons of the speed progress of the bitcoin price. As a matter  fact,  the main reason is  purchasing  a great monetary value of currency, especially the best companies are the ones that buy significant amounts of bitcoin.
On top of that,The evolution of bitcoin users is also important in the appreciation of the currency.