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Topic: Why is bitcoin price so high? - page 9. (Read 1917 times)

sr. member
Activity: 887
Merit: 253
December 09, 2017, 12:34:16 PM
#52
The reason why bitcoin is gaining it's income or profit it's because it is getting a massive amount of attention and population. many big companies are joining because they finally recognized that bitcoin is getting popularity to users. Bitcoin is getting higher profit because of the increase of members ( users or investors). and because of that, the bitcoin community became the most popular cryptocurrency.
Bitcoin prices are increasing just because it is following basic economics law i.e. with the increase in demand, the prices of a commodity increase. Bitcoin is indeed an attraction for many especially for rich people now. Many businessmen, billionaires, large companies are now accepting bitcoin and investing into it just because it is the best way of saving your money and taking high profit on it. In short, increase in investors is increasing prices.
sr. member
Activity: 441
Merit: 250
December 09, 2017, 12:25:59 PM
#51
Because people become mad when they see such a thing which could give them enormous return in just a few days. I think btc is merely increasing because people want to buy such an investment. No one is really bothered about blockchain or any technology. Currently, koreans are pumping it way too much causing price surge in korean exchanges especially bithumb we saw the same thing done by Indians just a few days ago.
full member
Activity: 630
Merit: 102
December 09, 2017, 12:23:56 PM
#50
As more investors came in. The popularity increased thereby, more people came to know what is bitcoin and they started to invest as the demand increased, price also increased.. Now market is controlled by big investors.
4U
member
Activity: 195
Merit: 10
December 09, 2017, 12:16:26 PM
#49
The reason why bitcoin is gaining it's income or profit it's because it is getting a massive amount of attention and population. many big companies are joining because they finally recognized that bitcoin is getting popularity to users. Bitcoin is getting higher profit because of the increase of members ( users or investors). and because of that, the bitcoin community became the most popular cryptocurrency.
Bitcoin is now accepted by a lot of countries and now some rich countries have also accepted bitcoin so its demand go very high and still there are a lot of rich companies are in waiting in next year there will be some companies who will join bitcoin which mean bitcoin is now very useful for every one and that’s the reason that bitcoin price go high but it’s not fix here its price will go more high and will keep going so best of luck bitcoin.
newbie
Activity: 40
Merit: 0
December 09, 2017, 05:07:37 AM
#48
It's a time-related question. It's not high compared to the future price, it could be hight compared to last month. Investment is always a call to doing a lot of research and learn from mistakes.
full member
Activity: 278
Merit: 100
December 09, 2017, 04:35:59 AM
#47
Bitcoin must high by the higher buy order than sell order. If the whale must sell their coins the coins must be dump then if the coin was hold, coin must be pump because the flow of the coins by the supply. Whales must control the market price of the coins.
member
Activity: 146
Merit: 10
December 09, 2017, 04:17:24 AM
#46
Maybe because the bitcoin has 6million remaining to mined and the demand is rising day by day..
legendary
Activity: 3220
Merit: 1344
Leading Crypto Sports Betting & Casino Platform
December 09, 2017, 03:01:18 AM
#45
Because of its demand rising everyday...and it will keep on rising

Demand is rising due to a number of reasons. But the most important reason is that the Bitcoin futures listing by CBOE/CME. The listing is going to happen within the next few hours and we can expect wild swings in the exchange rates. Till now, only the amateur crypto enthusiasts were trying to manipulate the Bitcoin prices. But from tomorrow onward, the wall street giants will enter the scene.
member
Activity: 336
Merit: 20
December 09, 2017, 02:44:24 AM
#44
Because of its demand rising everyday...and it will keep on rising
newbie
Activity: 1
Merit: 0
December 09, 2017, 02:39:11 AM
#43
if we invest a small amount of our money, of course, will earn a little profit, the investors who many money will invest a lot to get a big profit, given the price of always rising bitcoin uncontrolled.

We should keep in mind that changes in the exchange rate (up or down) apply equally to everyone no matter the size of their investment.  So as a percentage of the amount invested, it doesn't matter if you are looking at 0.1, 1 or 10 btc.  The relative gain or loss as a percentage is the same for everyone.
member
Activity: 126
Merit: 10
December 09, 2017, 02:38:16 AM
#42
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

I don't know why the price is so high,but l believe on what they say it's  because the want to promote bitcoin and be ready for the cashless world. But price increase is favor to all bitcoiners because  they will profit a big amount because it will multiply the cost of bitcoin. Profit here is amazing it will 10 times or more, so there are lots of educated here joining and left their jobs. Because they experience as a partime job that their profit is very much higher than their salary. Bitcoin is better than anything else.
full member
Activity: 1176
Merit: 100
The OGz Club
December 09, 2017, 02:37:35 AM
#41
Now bitcoin price is so much high. I think bitcoin production rate is lower than demand. Also now too many people trust bitcoin and use bitcoin. So bitcoin price increase day by day and Bitcoin price is so high.
sr. member
Activity: 584
Merit: 256
December 09, 2017, 02:37:06 AM
#40
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Definitely, day by day many developed countries are considering this platform for the future purpose. Already South Korea has collected a lot Bitcoin for their reserve. The Australian government also has taken an initiative regarding this issue. Not only that Japan and Canada both countries have approved this platform, that's why this virtual currency is getting accepted and becoming credible day by day.
In the meantime, Bitcoin has been unbelievable expensive price because of the highly profitable platform. people are becoming dependent on this system day by day for the purpose of making a profit. That's why the price of Bitcoin is getting high nowadays.
full member
Activity: 532
Merit: 170
December 09, 2017, 02:31:23 AM
#39
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

many people are holding bitcoins, requests are too many until their value is not controlled and becomes very expensive. this is advantageous if you have bitcoin. there is no bubble because in crypto all can happen
full member
Activity: 308
Merit: 101
December 09, 2017, 02:18:02 AM
#38
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
Increasing bitcoin is a big advantage for people who are taking bitcoin, so high bitcoin costs are not surprising as bitcoins are becoming increasingly popular and widely used, so bitcoin prices are not too surprising.
hero member
Activity: 1596
Merit: 534
December 09, 2017, 02:17:50 AM
#37
Hedge funds, investment managers, and the almighty futures market is near to open...
Bitcoin is the recognized cryptocurrency with the best minds developing it.

It should be valuable, and it could definitely go more...
This is what we call MOON!
full member
Activity: 210
Merit: 100
A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
December 09, 2017, 02:17:32 AM
#36
The price is rising because bitcoin becomes the no. one crytocurrency in the whole world. Due to which they are attracting toward bitcoin. And as the no. of people increasing the demand is also increasing and the supply is less. So this is the reason of its rising value.
member
Activity: 60
Merit: 10
December 09, 2017, 02:13:24 AM
#35
First of all, his value is recognized by the world BTC, BTC will not be issued, so his value grows steadily with the demand. Second, the recent bifurcation of BTC has led many to experience the thrill of additional revenue, so BTC has been distributing candy all along, causing many to buy in large quantities of BTC Smiley
member
Activity: 221
Merit: 10
December 09, 2017, 02:06:48 AM
#34
This is not a bubble, it is real. More and more bitcoin enthusiasts, it causes high bitcoin prices to rise. Ignore the bad issues about bitcoin, because they are just rubbish.
member
Activity: 246
Merit: 10
December 09, 2017, 02:02:44 AM
#33
Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?
The price of bitcoin is getting higher because of the demand. Most of rich people invest on bitcoin to gain more profits. Bitcoin is the king of cryptocurrency that's why it has the highest value compare to other coins.
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