Why BTC is having a high price? - page 16.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 of investor confidence in Bitcoin, rising Bitcoin prices triggered by euphoria on Bitcoin,
new investors are encouraged to buy Bitcoin for this reason new business..

Rhaizan

full member

Activity: 518

Merit: 100

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

Yes last year it's around to $1000 and before the end of 2017 the price of bitcoin was rapidly growing he reached the $20000. But when the new year comes the price of bitcoin was slowly decrease he dropped it on $7K in february. Well this year I believe the value of bitcoin will rise again and it may reach $50K.

Darmanin

member

Activity: 119

Merit: 10

Glab Trotter

Bitcoin is not very expensive compare to December ^^

stely

jr. member

Activity: 126

Merit: 1

Quote from: Bezobraznike on March 23, 2018, 06:49:22 AM

Quote from: Activitycoin on March 23, 2018, 06:37:37 AM

Quote from: zander09 on March 22, 2018, 08:49:25 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

I wish to say Bitcoin prices does not have high price! High price is yet to come,
now we are at rocky bottom. The more I think about it, the more I realize that
high is just a point of view.
$1000 for launch? Yes that is expensive for me, for some people it is every day
reality. Do you know how many similar examples there are? High for one person,
can be low for many others.
Is it high or low depends from what you compare with what. I say Bitcoin price
is not high cause in my head I compare current price with possible price in 10 years.

Bitcoin’s development also represented the revolution’s next phase. Less prescient investors, fearing they’d miss the opportunity of a lifetime, had jumped into the currency, spurring a frenzy.

laluna24

full member

Activity: 511

Merit: 100

Quote from: palle11 on March 22, 2018, 01:52:59 PM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 about awareness. The cryptocurrency is growing in strength and more people are beginning to adopt it, thats why bitcoin is getting more attention. More investors are putting money and this is growing the market faster, so price too can't be stagnant.

Yes awareness because this cryptocurrency has become spreading its uses to all people. The more it's become well known in any part of the world the community increase. So this means the demand for btc is increasing.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: Activitycoin on March 23, 2018, 06:37:37 AM

Quote from: zander09 on March 22, 2018, 08:49:25 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

I wish to say Bitcoin prices does not have high price! High price is yet to come,
now we are at rocky bottom. The more I think about it, the more I realize that
high is just a point of view.
$1000 for launch? Yes that is expensive for me, for some people it is every day
reality. Do you know how many similar examples there are? High for one person,
can be low for many others.
Is it high or low depends from what you compare with what. I say Bitcoin price
is not high cause in my head I compare current price with possible price in 10 years.

Activitycoin

full member

Activity: 476

Merit: 100

Quote from: zander09 on March 22, 2018, 08:49:25 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

It is great news that bitcoin s increasing very high again, and till the end of bitcoin year we will see price very high, investment of bitcoin is now increasing and people are buying bitcoin to save for long time which is making bitcoin demand higher than the supply in our market so as we know bitcoin high demand and low sully makes price high so it is happening now, soon we will see bitcoin most expensive currency and at the most demanded currency.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: mahilchii on March 22, 2018, 01:48:36 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved.

Absolutely, everything in the market regarding the value is basically centered on demand and supply. Last year, demand got so huge and people took it fast to start loading up for the next way to the moon and that was absolutely all that happened. It is a normal thing for a decentralized market anyway, with respect to the fact that no one controls it, but that can give room for manipulations by whales.

OP's is this really supposed to be a question for debate? We already know how people got so greedy and switched into the FOMO mode last year with bitcoin increasing and increasing nonstop and almost even got past the moon. The demand increased, we had a huge pump as some believe it was as a result of a high level of manipulation, but at the same time, it is really nothing much as we are here now correcting from it.

futuret

hero member

Activity: 728

Merit: 502

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 trend of getting higher profits from little investment. This is main thing that have driven bitcoins so amazingly fast that now they are getting such tremendous fame and popularity from people throughout the world. They have been rising from one thousand to such $21000 within a year. Although bitocins are unstable and they are going up and down every time but still they are incredible.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: zander09 on March 22, 2018, 08:49:25 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

We all know that the value of bitcoin are volatile and that have a great potential, the performance of bitcoin last year was great it's rapidly rising and reached the $20,000. The main reason is the supply and demand.

The price of the btc is quite low when we compare with its all time high. It is still only at 8500$ which is less than half of the high. Hopefully we should cross 20k mark this year end and this will help the people to make some money by investing in btc.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 about awareness. The cryptocurrency is growing in strength and more people are beginning to adopt it, thats why bitcoin is getting more attention. More investors are putting money and this is growing the market faster, so price too can't be stagnant.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 high price of BTC are real economic forces of supply and demand if compared to other coins, for example altcoin. In addition to its much-admired popularity, bitcoin also has other advantages namely its contrasting properties (which aren't owned by other coins) "the more restrictions the government makes, the more people use them".

SixOfFive

sr. member

Activity: 630

Merit: 257

What I understand there are 2 reasons behind the high price of BTC:
1. High demand and limited supply
2. BTC is trending: It has become a trend to buy and HODL BTC. High demand is created because of this trend. There is optimism created in the market that BTC will go to moon, after seeing its past growth.

GreatBug

sr. member

Activity: 629

Merit: 252

People want to invest in it which mean that more and more btc is needed, thanks to that bitcoin is developing faster and getting more and more popular which make it's price that big.

alroys

jr. member

Activity: 448

Merit: 1

at the beginning of the emergence, bitcoin very cheap can even say no price. but because Bitcoin has a good future, with the ease and modern work system that many people are interested in. interest so much, make the price of Bitcoin very high.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: ELEL_ELEL on March 22, 2018, 10:15:41 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

Bitcoin is having a high price to promote that bitcoin is the best currency to the whole world. And because of the high price of bitcoin many people are attracted to to bitcoin because bitcoin is getting higher. Which everyone is the only hope.

The most funny comment on this forum! But average mind do think like
that I presume, all that is matter is high price and as long as it is growing
people will come.
Popularity is responsible for high price cause more popular means demand
is rising. With same supply price can just grow, Bitcoin have halving so every
4 years there will be less supply, logically price should grow.
Speculations, supply and demand, manipulations of many kinds inflict on
price, this things are responsible when price is going up or down.

ELEL_ELEL

newbie

Activity: 177

Merit: 0

Quote from: aditya6997 on March 22, 2018, 01:43:17 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?

Bitcoin is having a high price to promote that bitcoin is the best currency to the whole world. And because of the high price of bitcoin many people are attracted to to bitcoin because bitcoin is getting higher. Which everyone is the only hope.

btccrusher

member

Activity: 742

Merit: 12

Bitcoin is high price because of its high demand in the market and it already takes place in real life. But if we think deeply, Bitcoin's price is not too high compared to other cryptocurrencies. Let me make it clear. See the price 42-coin, RMC, ETH, Bitcoin Cash, Dash all these coins were created from the idea of Bitcoin. These coins price are high too. Depending on demands and supply of the mentioned coin, they are high in price.

For references see at coinmarketcap:
42-Coin - $23,819.70 USD (-19.55%) - https://coinmarketcap.com/currencies/42-coin/
Bitcoin Cash - $997.98 USD (-5.16%) - https://coinmarketcap.com/currencies/bitcoin-cash/
Discover more at your own reaserch.

curry30

newbie

Activity: 87

Merit: 0

because bitcoin has high preference and high value, bitcoin is one of the most important and has the highest price and exchanges in exchangers .so everyone who is in the bitcoin is the one most wanted to buy or buy and put into their wallet.

Breackup

jr. member

Activity: 294

Merit: 1

Quote from: nik009 on March 22, 2018, 03:13:47 AM

Quote from: aditya6997 on March 22, 2018, 01:43:17 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 popularity of bitcoin is growing, a lot of advertising, on television too, people are interested and investing. More and more countries legalize bitcoin. this is just the beginning of a high price Wink

You are right .Bitcoin's price is high. Anything is so valuable when its needs are high. Bitcoin's demand is a lot more which makes Bitcoin worth. Bitcoin is the result of modern use of technology. As a result, the popularity of day by day is increasing. Bitcoin's supply is limited. The result is too much demand. Bitcoin also offers many benefits to its users. As you can see, the fate of many people has changed after Bitcoin joined, and they have developed economically. Day by day members are increasing. Bitcoin is a truly innovative discovery.

Topic: Why BTC is having a high price? - page 16. (Read 1469 times)