Topic: Why BTC is having a high price? - page 3. (Read 1469 times)
I think it just an effect what did the massive advertisement campaign in end of 2017, what was financed by the group of rich investors to boost bitcoin price. And since many of new people started using bitcoin, demand grew thereby increasing the price.
Scarcity and dissemination.
People are starting to realize how rare it actual is, and coming to terms with the fact that they probably will never be able to own an entire bitcoin themselves.
The rich also love to buy things after they become expensive, so more and more supply is being removed by the rich now, while the poor are desperately trying to catch the train. Couple that with supply being permanently lost over time.
The supply shock creates that pump formation we are used to seeing, and then it dumps and begins the cycle again.
People are starting to realize how rare it actual is, and coming to terms with the fact that they probably will never be able to own an entire bitcoin themselves.
The rich also love to buy things after they become expensive, so more and more supply is being removed by the rich now, while the poor are desperately trying to catch the train. Couple that with supply being permanently lost over time.
The supply shock creates that pump formation we are used to seeing, and then it dumps and begins the cycle again.
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 demand of the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin is becoming more popular all over the world because of its benefits and importance in our economy.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 prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.
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 prices of every cryptocurrency in the market is always depending on the supply and demand and if you are a trader then you really need to check every chart in the market in order to get a huge amount of profit because they have different prices.
Well i think, it just because bitcoin increasingly in demand of many people, and all its advantages more visible among many people. And not only that, of course, many people who're just tried till feel more interested and finally feel comfortable with it. Well the point is that bitcoin develops well from time to time until its popularity is increasing among many people and as we can see it keeps on rising as every months that passed by.
It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
Perhaps because of the increasing demand for bitcoin and also to its increasing popularity. And also the big investors are now investing in bitcoin. Maybe that's why the bitcoin price is so high.
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 demand of the people to bitcoin is getting higher and it is the reason whu the price of the bitcoin is becoming more expensive. The bitcoin is becoming more popular all over the world because of its benefits and importance in our economy. 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 price of Bitcoin is still higher as compared last year because the volume and demands are still higher and investors still holding or not pulling out their invested money in Bitcoin so the price is still high. Once all traders have pullout their investments then that's the time Bitcoin will lower the price.
The difference in price signifies how useful the coins were to people. If it will be utilized, the more will be the demands for the coins thus increasing its price and the lesser people using it, the more supplies left unused, the lesser will be it's price. This idea is the same with gold. Had it happen that evrything on earth is gold nobody would ever be able to sell it high and it wouldn't be that precious.
I think with innovation and cutting-edge dominance, Bitcoin is not separate but more developed.
That is the reason why Bitcoin is so solid today. An increasing number of individuals coming to Bitcoin. So later the cost of Bitcoin continues to increase.
I believe that the cost of Bitcoin increases as their testers have deliberately swelled the cost of Bitcoin.
The main reason is the rule of economy: the demand = the supply. If the supply is lower then the demand, then this inequality is balanced by rising the price of the supply, therefore making it available to less people and lowering the demand.
1. Because there are many peoples who invest in bitcoins, including the big investors
2. Because it's deliberate pumped
3. Some countries have a crisis financial and its citizens move to bitcoin
4. Hardfork, in order to get free bitcoin cash and bitcoin gold, they are willing to buy bitcoin.
2. Because it's deliberate pumped
3. Some countries have a crisis financial and its citizens move to bitcoin
4. Hardfork, in order to get free bitcoin cash and bitcoin gold, they are willing to buy bitcoin.
because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya
The main reason for the price is the users and investors are increasing every day so it the reason for that but in sometimes the value is not stable because of increasing sellers.
There are 3 factors that cause bitcoin has a high price
1. Japan's Adoption
The Japanese government has adopted a policy of using crypto in its country. So in Japan, we can already make
transactions using BTC in various merchants.
2.The Filppening
Alternative coins (commonly called altcoins) have existed long enough along with the presence of Bitcoin. As of this
second, there are already many altcoins emerging and have strong enough value in the market, such as Ripple, XRB,
POT, etc.
3.Wanna Cry Ransomware
Known as ransomware attacks are quite aggressive before ahirnya can overin same one of the IT experts (who now now
arrested FBI with allegations of data theft)
1. Japan's Adoption
The Japanese government has adopted a policy of using crypto in its country. So in Japan, we can already make
transactions using BTC in various merchants.
2.The Filppening
Alternative coins (commonly called altcoins) have existed long enough along with the presence of Bitcoin. As of this
second, there are already many altcoins emerging and have strong enough value in the market, such as Ripple, XRB,
POT, etc.
3.Wanna Cry Ransomware
Known as ransomware attacks are quite aggressive before ahirnya can overin same one of the IT experts (who now now
arrested FBI with allegations of data theft)
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 been known for its high growth for so many years. There are many who believe Bitcoin is profitable for investors, so many people have invested in Bitcoin more so Bitcoin has more a lot and abundant. In future, this currency will definitely have many participants.
What I can see here as the reason why Bitcoin's price is increased and continuously increasing is because of the law of supply and demand. Over the years, investors, traders, even the normal Bitcoin users are starting to see the great potential of Bitcoin, people believe in it and more and more countries and big corporations are using it and its technology so the demands gets bigger and higher each year, hence the price goes up too.
because btc it is the king of bitcoin that the amount of coin a little but the demand for the more and more interested peminatnya
Its because of the people who use it. Us using it makes bitcoin make its price go higher, people who buys bitcoins add up to the price of bitcoin. Applying law of supply and demand. Prices goes up when demand increases. thats just the way how it goes.
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 value of the bitcoin is base on the price of the demand and supply in the cryptocurrency market. The bitcoin has limit supply of 21 millions and it is the reason why the bitcoin is becoming more valuable as time passing by.
Bitcoin is the oldest and the most successful crypto currency, its trading volume is great too, and it have many attractive features, thats why its price is always the highest among digital currencies. Bitcoin's potential is also high and promising, and its price is expected to reach higher levels soon.
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