Why BTC value is growing day by day ? - page 11.

Daffadile

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Quote from: Delos on November 30, 2017, 12:11:13 PM

Quote from: Oulay on November 27, 2017, 01:14:58 PM

Bitcoin is acting more like gold than a currency in this regard.
Would you use gold to buy stuff on a daily basis?
Ofc no, but when you need the money you'll use that gold eventually.
Almost the same goes for bitcoin these days, it's not used as a currency as much as a store of value, and people only use it when they have to.
The difference between gold and bitcoin is that gold's price is stable while bitcoin's is fluctuating too much making it riskier to hold but more rewarding.

Wise words.

Use bitcoins for invest and store it safe.
Use bitcoin cash if you need to send some money fast. It isn't bad and fees are cheap.

I buy and keep some BCH and BTG so I can make smaller faster transactions for smaller amounts. I just wish more places that took bitcoin took BTG and BCH as well. They good currencies and are working really well so far.

Domenc

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Bitcoin value seems to be travelling to on super fast train now, it has nearly made remarkable progress in the couple of days. Bitcoin price has caught fire and is rising beyond expectations,hence becoming a attention seeker. The basic reason why Bitcoin value is growing at such drastic rate is the greed of people which is making newbies to invest in cryptocurrency to get rich in short span of time. They have seen example of growth varying to 1000% in a single year making Bitcoin the most highly profitable commodity which can make it holders rich in short period of time. Hence, more and more newbie are investing and pushing its value to new heights.

KennyR

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With the increased price it gained popularity and the same generated growth compared to lots of other altcoins. The price growing day by day has got a break with the current price getting low. Thus might get continued as a price correction phase leading to a massive growth.

carelessboy

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First time I see Bitcoin price 1000$. This time some people know about Bitcoin.but now Bitcoin very popular in my country ..and day by day people use and like Bitcoin.and I hope in future Bitcoin price 25,000$.

Delos

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Quote from: Oulay on November 27, 2017, 01:14:58 PM

Bitcoin is acting more like gold than a currency in this regard.
Would you use gold to buy stuff on a daily basis?
Ofc no, but when you need the money you'll use that gold eventually.
Almost the same goes for bitcoin these days, it's not used as a currency as much as a store of value, and people only use it when they have to.
The difference between gold and bitcoin is that gold's price is stable while bitcoin's is fluctuating too much making it riskier to hold but more rewarding.

Wise words.

Use bitcoins for invest and store it safe.
Use bitcoin cash if you need to send some money fast. It isn't bad and fees are cheap.

alexandrofff

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Is Ethereum going to grow as big as Bitcoin by 2022? Huh

Rupok

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Since popularity, Bitcoin prices have been increasing day by day.When there is more popularity among people, people are more interested in that thing.That is exactly the case of bitcoin. Bitcoins have been dispersed on the world, and people think of Bitcoin trading safety. So, day-to-day usage of bitcoin is increasing and beside prices are also increasing.

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Quote from: learner 7 on November 29, 2017, 04:50:52 PM

More and more people are beginning to understand what bitcoin is, and that its value in the eyes of the community begins to surpass the boldest predictions. More and more people are beginning to invest in bitcoin.

Yes.When the demand for bitcoin increases as well as increasing its value too,that means more and more people have turned their heads into bitcoin.We may not experience so much pumping this past few days if without the help from all users and investors into bitcoin.

PX-Z

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Quote from: AlienSeeker on November 29, 2017, 03:44:41 PM

It is because the demand for bitcoin is getting bigger, and if the demand is getting bigger and higher, the tendency of the supply of bitcoin flunctuates. It will not be able to supply it all that's why the price pumps.

Yes your right, that's the reason why bitcoin value is continue to grow, because of supply and demend. When people invest in bitcoin, the value will grow and when no one wants to buy or invest in bitcoin because his value is expensive, the value will go down to attract again to invest again in bitcoin

learner 7

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More and more people are beginning to understand what bitcoin is, and that its value in the eyes of the community begins to surpass the boldest predictions. More and more people are beginning to invest in bitcoin.

AlienSeeker

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It is because the demand for bitcoin is getting bigger, and if the demand is getting bigger and higher, the tendency of the supply of bitcoin flunctuates. It will not be able to supply it all that's why the price pumps.

spinno

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the value of bitcoin grows daily because of the daily investments made on it, more people are getting aware about bitcoin and the crypto world daily with updates of the benefits acquired.

ChConcept

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The value of BTC is governed by supply and demand in worldwide exchanges. The more people want BTC (demand) the more they pay for it due to limited sellers (supply). This is when the price rises when sellers increase their price to take advantage of the high demand. When no one wants it or the buying has exhausted, that's when the price goes down to attract buyers again.

Daveeoff

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Its just the trend at the moment, there will be a crash sooner or later. Honestly I am pretty happy with BTC growing more and more.

xebecstyx

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Quote from: rameshEl on November 27, 2017, 11:29:36 AM

As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.

We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?

Besides the pumps, I think people is beginning to really see the limitless potential of bitcoin. It can really do some good changes in the market that, particularly in the aspect of business and investments. It's a good way to make small people have a hand in the business industry through cryptocyrrency investment.

Peter Murr

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You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency.

tonysitaly

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I think there are more and more people attending the market recently, the other is the shortage of bitcoin, the total amount of 21 million can not be increased again, these two reasons together push up the price. I hope you'll pay attention to the risk. The recent encrypted currency is too speculative

Mozdalifa17

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TIME and WAVE COINs TO REMEMBER

Bitcoin value proven the power of adaptation so that the main reason for price increase in unexpected way plus limited supply not like other regular currency used in real life as USD . So the world is changing now .
Thank you

katmalo.ak47

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Quote from: QuartzMen on November 29, 2017, 01:37:40 PM

The company and management of bitcoin execute a excellent service to their customers and consistent on what they’re doing so that the value of bitcoin continuously arising; whish is supported by high demand of customers in the market.

The value of bitcoin is growing day by day due to the limited bitcoin in the market and the high demand of the bitcoin in the world market. the demand of the bitcoin is very high in world market while the stoke of the bitcoin in the world market is limited. that is the main reason that the value of the bitcoin is growing day by day.

Marco Ambrusini

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It is very clear . Bitcoin has proved that it is am unstoppable force and that it will continue climbing up no matter how many governments and political bodies around the world try and take it down. With time, more and more people are realizing the true potential of this amazing coin which will help it continue to grow on a regular basis.This recent rise is also pretty obvious higher demand resulting in price appreciating thus btc also has a maximum cap of 21 million coins.

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