Why BTC is having a high price? - page 10.

sharm2121

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Because a lot of people buying bitcoin so the demand is high and the price will go up. Bitcoin is gaining popularity more on social media and now a days most of the people using social media so people using bitcoin is increasing.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Segwit is the reason the price went up, before its activation the debate about how to scale the network lasted for years and the price was so low because it did not seem like there was going to be a way to activate segwit but the developers accomplished that and since then the price went up to the current levels this is why I think the next growth in price will be sparked by the activation of the LN.

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Each month some people discovered about bitcoin so the demand is higher than supply we should admit that bitcoin is not all about money it can also help us to make life easier.

concept2

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because bitcoin is now the hype and many people want to make money from it. The more people care about bitcoin, the higher price it will be. The money keeps flowing into bitcoin market cap which makes it bigger and bigger every month.

barota

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Population density in the world is increasing and The desire for quick profit without effort and love of people adventure with their money so you can imagine why People investing in bitcoin ?
there is another category which is the most they're simply following what everyone else is doing All these reasons make bitcoin in high prices

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Quote from: rickadone on March 26, 2018, 07:55:10 AM

Quote from: batang_bitcoin on March 26, 2018, 07:16:36 AM

More demand, higher price. And if the price of bitcoin goes down there's only one reason with it and that is there's a whale that starts to sell his holdings.

Whales are another reason for why bitcoin is having more demands. They do buy in large scale and unfortunately they do sell in large scale. When bitcoin will be getting more established these whales may lose their "virtual power" hence no worries Tongue

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I'm not worrying at all and I'm just going with the flow so whatever happens to those whales they are also important in the bitcoin economy. They are the market movers and we are just brought up by them, I'm just hoping that they will do something just like those predictions that bitcoin will be more than with what are expecting. The bears are still making this moment as good time to buy.

Quote from: forklif on March 27, 2018, 01:26:27 PM

I think this happens all because of the demand of many, the more demand the higher the price, because the supply of bitcoin is limited.

That's what I've said. Grin

Testimony50

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because The demand is very high and it is forces of demand and supply that determines the price. Many people has started to be aware of bitcoin and other crypto currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment and since they buying the price keep increasing.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

Basically, anything that has a high market demand would also have a high market value and that simply explain this. Bitcoin, together with most of the cryptos are dependent in the demand from the market when it comes to their market value such taht if the market value is falling same thing would be reflected to its price regardless if its an increase or not.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

There can be alot of unknow reason there is. What I think the reason is there might be a whale manipulating bitcoin price.

Another thing is because the demand of bitcoin last year following its introduction to the public. There might also be a utility need, example bitcoin is used to carry a secure transaction in the buy and sell community, maybe the criminals or the terrorist are using it for funding your illegal works.

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Quote from: maarx on March 27, 2018, 02:37:51 PM

Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year. It's too late and we are travelling with low price before past almost an ťyear. Let's talk why the prices are low. This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often. Lot reasons behind.

Yeah, talking about the bitcoin is having a low price in the market this because of a previous transaction often from december until february withdrawing bitcoin to dollars from investors who invested for millions of bitcoins for 4 to 5 years this so called a whales and this what it gets to the market were having a huge dump dropping the value of market. Until now bitcoin correction occurs but it will recover soon.

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Quote from: maarx on March 27, 2018, 02:37:51 PM

Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year. It's too late and we are travelling with low price before past almost an ťyear. Let's talk why the prices are low. This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often. Lot reasons behind.

already passed the information that one person Gox throws out to the market a huge amount of Bitcoin, ostensibly in order to buy money to pay their debts. I do not know if this information is true, but the exact offer on the market of Bitcoin is more than the demand, it is unambiguous.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

The question should have raised in middle of last year. It's too late and we are travelling with low price before past almost an ťyear. Let's talk why the prices are low. This would sgguit the situation. Pumps and dumps are normal with crypto currencies. Correction do occur often. Lot reasons behind.

forklif

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I think this happens all because of the demand of many, the more demand the higher the price, because the supply of bitcoin is limited.

ikipiye

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it all depends on demand, we know that the number is limited, if demand more, automatic price will be high. because supply is thinning.

yunzau

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It occurs at an increasing demand level but with insufficient supply. The level of security is one of the factors that make the selling value high because it uses hashing, peer to peer system and decentralized. Transactions that use blockchain and cryptographic techniques.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It is possible to say many reasons for the answer to this question. First, the reason why the crypto money industry is the main reason is because it is necessary to use Bitcoin to buy a lot of crypto money types. The second reason is that it is profitable in the short term, which is also valid for the long term. The third reason is the mining income. Although it is not as profitable as the old one, it is still possible to get profitable with mining.

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I think because of the emergence of bitcoin cash that motivates people to buy bitcoin, because of the increase in technology promised by bitcoin through system changes and due to the legalization of bitcoin users in certain countries.

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

It's happend because of interest to cryptocurrency and ready to pay bigger price for bitcoin and other currencies, maybe some news speculated this price

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Quote from: aditya6997 on March 22, 2018, 12:43:17 AM

It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?

I think btc having a highest value just like an old days that when its too old the value was like an antique that really precious.This is the reason why bitcoin is like a star for its price and no one can compet it because it the first cryp5o coins exist in crypto.

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Quote from: owmivmen on March 24, 2018, 08:05:57 AM

Bitcoin is getting more expensive because enthusiasts are increasing and the number that can be in the mines is decreasing. For the best long-term investment in addition to ETH and other altcoins.

That is happening. Yes, there are more interested people coming every other day. Since the day of development, bitcoins had never been so popular and famous as they are now. This becomes biggest reason for the prices to be so high.

Although right now prices are not good, but still they are so much matured than they were in start of last year. This trend will be going higher and higher.

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