Why is bitcoin price so high? - page 5.

Siren

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Quote from: Visbay on December 15, 2017, 05:14:03 AM

Quote from: josephpogi on December 12, 2017, 10:05:30 PM

Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Base on my research bitcoin supply is limited only for 21million and i see that 16million-17million plus is already mined by miners so if the bitcoin reach the supply of 21 million the bitcoin price will go increase much more because the demand is high.

It’s actually because of demand this year bitcoin demand go very high and still some companies and people are trying to join so there is no doubt when demand of anything goes high so its price go high automatically and it happen with bitcoin because bitcoin is a good currency to use and the main thing about bitcoin is that its provide a lot of good opportunity for earning that’s why people are joining bitcoin so bitcoin is all in one.

Undoubtedly, demand is going up in correlation with price. At the start of the year, people don't know about bitcoin. But gradually specially when Japan enters the picture and embrace bitcoin, demand immediately went up. And now, not only in Asia, but throughout the world, bitcoin is already recognized.

The demand usually falls on the premise that by buying bitcoin and holding it long term, you will gain financial profit, which is very true. However, it can encounter a lot of bumps along the price. Since financial institutions now enter the picture this month, the demand shoots up once more making bitcoin crosses $16-$17K a pop.

zulkarnaen

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Quote from: Visbay on December 15, 2017, 05:14:03 AM

Quote from: josephpogi on December 12, 2017, 10:05:30 PM

Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Base on my research bitcoin supply is limited only for 21million and i see that 16million-17million plus is already mined by miners so if the bitcoin reach the supply of 21 million the bitcoin price will go increase much more because the demand is high.

It’s actually because of demand this year bitcoin demand go very high and still some companies and people are trying to join so there is no doubt when demand of anything goes high so its price go high automatically and it happen with bitcoin because bitcoin is a good currency to use and the main thing about bitcoin is that its provide a lot of good opportunity for earning that’s why people are joining bitcoin so bitcoin is all in one.

Yes, with limited supply of bitcoin and high level of bitcoin demand in crypto market will certainly have an impact on current price increases. And it is very realistic that bitcoin prices will reach high prices as bitcoin users continue to grow and with increasing popularity will have an impact on the progress of bitcoin that is happening at this time growing rapidly this year.

Visbay

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Quote from: josephpogi on December 12, 2017, 10:05:30 PM

Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Base on my research bitcoin supply is limited only for 21million and i see that 16million-17million plus is already mined by miners so if the bitcoin reach the supply of 21 million the bitcoin price will go increase much more because the demand is high.

It’s actually because of demand this year bitcoin demand go very high and still some companies and people are trying to join so there is no doubt when demand of anything goes high so its price go high automatically and it happen with bitcoin because bitcoin is a good currency to use and the main thing about bitcoin is that its provide a lot of good opportunity for earning that’s why people are joining bitcoin so bitcoin is all in one.

AbsoluteT

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Price is high becuse there is much more demand then supply wait till holders start selling

sarjilcse

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The Bitcoin price is so high just because Bitcoin is gonna be Number one cryptocurrency and right now also number One!
The main reason is investor..there is so many investor in bitcoin around the world..day by day btc gain lots of investor that's because the market is going to be high.so why not? if they invest a little amount and gain more than 3X within 2 or 3 months they must invest..seems btc gonna more than $20k in the middle of the 2018 !!

XCANA

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Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

The gains in Bitcoin value increase is real no doubt about it and better join the train now before is too late dude. Bitcoin value increase is as a result of high adoption by the people world over and the demand is more than the supply Which has positive impact on its value. Note that scarcity create value

rhamzter

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Quote from: jovs on December 14, 2017, 05:14:32 PM

Quote from: lamjed on December 08, 2017, 09:57:17 AM

People in general and investor precisely are buying a lot quantities of bitcoin wich makes the price very high.. wr can confirm that bitcoin become very popular.

Our support to bitcoin in terms of transactions and investment is one of the viral factor for bitcoin to grow and to have a development and growth. We all know that bitcoin has the capability to grow and to develop, yet its potential to grow and to experience development needs our support just for it to happen and to have a good price and value in the future.

Yes it is correct, other than that more investors are attracted to join in bitcoin community due to good and healthy fluctuation of this crypto in the market. In additional popularity of bitcoin in crypto currency society can also affect why this coin price are continuously increasing. Never doubt if one day bitcoin price touches the $20,000 value the highest expecting peak for this year and who knows maybe someday bitcoin raising up in to the moon.

bitcoinsocial09

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Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Well probably, the demand in the market is also high which makes i market value so expensive. The value and demand of bitcoin is proportional. So if the price moves, same thing would happen to its demand. That's why we should invest and hold more since the demand is increasing and chances are high that its value will be morr expensive that will yield to huge profit.

jovs

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Quote from: lamjed on December 08, 2017, 09:57:17 AM

People in general and investor precisely are buying a lot quantities of bitcoin wich makes the price very high.. wr can confirm that bitcoin become very popular.

Our support to bitcoin in terms of transactions and investment is one of the viral factor for bitcoin to grow and to have a development and growth. We all know that bitcoin has the capability to grow and to develop, yet its potential to grow and to experience development needs our support just for it to happen and to have a good price and value in the future.

xurestey

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Bitcoin is as expensive as it is now because the investment community around the world is paying attention to it and is pouring capital into bitcoin and crypto. A few days ago when bitcoin was officially listed on the US stock exchange, the biggest increase in the trust of investors and bitcoin.

Isaacck1

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Being the number one exisiting cryptocurrency ever, we msut not be surprised that bitcoin is the number one in terms of that. Lots of people who donate maybe a factor of the price of the bitcoin nowadays. The success that was reached by bitcoin is already far from others. There are so many investors too and participants in this kind of forum.

Superzpay

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Quote from: BitcoinPC on December 12, 2017, 12:04:10 PM

Quote from: richfund_Pe on December 08, 2017, 09:06:29 AM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Now i am thinking it is a real gains. Because of many reasons, but main thing is that bubble can't run in a long time, now we see last 2 months bitcoin continuously increase, so in my thinking it is a real gain, it is not look like a bubble.

Yes, Bitcoin is real gain because of many reasons. The price of Bitcoin is increasing day after day. This is because of every new day a lot of people join Bitcoin and earn money. So the popularity of Bitcoin among the people is growing. The new investors invest on Bitcoin and trading on it. Bitcoin has no limits. It is predicted that the price of Bitcoin is reached its peak. The investor are hurry to buy Bitcoin and sell them when its price on high.

drwhobox

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- hello doctor who box

The price of Bitcoin is so high because of the demand of the community on having a single Bitcoin. total supply can't even supply every single human on the planet. it's only capable of 21m person (if every single guy/girl is given a single coin) More and more governments are starting to accept bitcoin as a day to day use from paying with food and even bills that's why most of the users are complacent about it.

z0mmarket

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Because people are buying Grin

joebrook

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Quote from: TudorOzy on December 14, 2017, 11:47:57 AM

Quote from: DrGuns4Hands on December 08, 2017, 10:56:05 AM

because bitcoin is the top 1 in the terms of cryptocurrency but the real deal here is the demand of bitcoin to us and the investment of us to the bitcoin. As long as bitcoin is in demand and many people are investing the price is going to increase and so on...

I agree, as people buy and buy, demand gets higher and higher and price grows accordingly.

If Bitcoin does indeed become a bubble, people are going to lose so much money but i highly doubt it since people are patronizing it even more than ever. I recently read that South Koreans are buying bitcoins instead of stocks now.

rahul10948

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Ultimately new and old users are testing the limits of a system that, for a decade, has been untested. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. CoinDesk writer Omkar Godbole notes that the price should remain stable but “a pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.”

TudorOzy

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Quote from: DrGuns4Hands on December 08, 2017, 10:56:05 AM

because bitcoin is the top 1 in the terms of cryptocurrency but the real deal here is the demand of bitcoin to us and the investment of us to the bitcoin. As long as bitcoin is in demand and many people are investing the price is going to increase and so on...

I agree, as people buy and buy, demand gets higher and higher and price grows accordingly.

jake zyrus

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Quote from: DrGuns4Hands on December 08, 2017, 10:56:05 AM

because bitcoin is the top 1 in the terms of cryptocurrency but the real deal here is the demand of bitcoin to us and the investment of us to the bitcoin. As long as bitcoin is in demand and many people are investing the price is going to increase and so on...

There are so many investor now in bitcoin because of the demand. Bitcoin now become top1 cryptocurrency, the value of now is continue increasing thats why so many people who want to be part of it and become successful.

Dharmendrax

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In cryptocurrency market daily new investor are coming thats big resion is high price of bitcoin and one of the big resion is altcoin trading with btc.

HIMU

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Now bitcoin price is as a upshot much tall. I think bitcoin production rate is lower than request. Also now too many people trust bitcoin and use bitcoin. So bitcoin price adding day by hours of hours daylight and bitcoin price is hence high.

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