Why is the price of bitcoin rising so high? - page 11.

steveabrahams

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Quote from: sidebyside on November 30, 2017, 01:06:46 AM

I think bitcoin is increasing in value because of the increasing demand of people in using bitcoin. Online shopping, tuition, travel ...... use bitcoin to pay and high bitcoin value anyone want to own for the future.

Supply and demand always the reason why the bitcoin price rising so high, people keep holding their bitcoin and buy more to anticipate the hardfork. That's why the bitcoin price at high price right now. Actually a whale also contributed on the bitcoin price, they can make a move on bitcoin price even is not too big.

flatnose101

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Quote from: Rupok on November 30, 2017, 12:45:48 AM

The popularity of bitcoin is very high, and its circulation has increased in many countries of the world. People are using bitcoin in any work. Bitcoin is easy to earn, it is easy for people. People benefit from the investment of Bitcoin. Therefore, the prices of Bitcoin are increasing day by day.

and for my opinion we are in a different country so are you sure for all of us that we have the fair treat about bitcoin so some having the special treatment about this coin so the main reason why is this high cause some are treat this currency in a special way.

karkajuth

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I am living in Turkey and people begin to learn about crypto coins and making investments so btc still have a huge potential to rise because its still unknown thing to a lot of people in the world. But eventually, they will learn about it

PX-Z

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pxzone.online

Quote from: intoy_victor on November 29, 2017, 07:05:24 AM

The price of bitcoin rising so high for me because of population here in bitcoin. Thats why the more users the more bitcoin increase I guess. If many population here in bitcoin, the more users are mining and invest in bitcoin so they also earn more.

That's the number one reason why bitcoin rising up his value, becasue of supply and demand. Like you said, the more user in bitcoin the more value to increase, and that's is so true. Because if you can see, when the china banned ICO's in their country the value going deep down and it's so hard to get back up, ( actually even without china the value of bitcoin is continue to grow. ) But anyways my point is, if all country accept bitcoin the value is much more higher and higher.

sidebyside

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I think bitcoin is increasing in value because of the increasing demand of people in using bitcoin. Online shopping, tuition, travel ...... use bitcoin to pay and high bitcoin value anyone want to own for the future.

Ultimist

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View how many times the increased capitalization of cryptocurrencies, more and more people pour their savings into bitcoin, as it is more profitable than putting your money in the Bank.

Rupok

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The popularity of bitcoin is very high, and its circulation has increased in many countries of the world. People are using bitcoin in any work. Bitcoin is easy to earn, it is easy for people. People benefit from the investment of Bitcoin. Therefore, the prices of Bitcoin are increasing day by day.

Blockfolioz

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Supply to demand is an common factor that decides the price moves. This time the growth took place in a much bigger way with bitcoin reaching above $10000 from $6000 in a very small time period. None has a perfect reason for the price pumping that took place.

pocketfullofpoke

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www.daxico.com

It's a matter of supply and demand stuff where price of bitcoin is so volatile today that it reaches new value ever since it was launched sometimes in 2009. Amazing how it reaches 11K USD today with almost a blink of an eye.

Genosx

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Because the demand of customer in bitcoin in the market is rising also. Their excellent service provided to their valued customer is a factor why these things happen. If they become consistent of doing this excellent performance they can break a leg in the year 2018 in field of electronic banking industry.

jona

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the prize of bitcoin is rising due the demand of bitcoin,the increase in price and value have drawn the attention of so many investors to the blockchain market.

The One

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Quote from: hndrk10 on November 29, 2017, 06:30:40 AM

Quote from: The One on November 29, 2017, 06:25:21 AM

Quote from: Fonz Ferdinands on November 29, 2017, 02:34:23 AM

On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.

Don't be stupid. Learn economic and finance before posting crap. Supply and demand only goes so far in explaining the price equilibrium. The holders of BTC are not selling and the buyers are pushing the price up in order to obtain btc. Currently the holders are deciding the price of btc. This does not imply the buyers had pumped in $160bn of hard cash.

Wait, so, even if there are 350 trilion dollars in the world. And let's asume Bitcoin will have this Market Cap. Does it mean the price can still increase just due Supply and demand?

No. If btc = total fiat then there is no more fiat to buy. Then again fiat will keep on increasing until all governments ban "fractional reserves."

intoy_victor

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The price of bitcoin rising so high for me because of population here in bitcoin. Thats why the more users the more bitcoin increase I guess. If many population here in bitcoin, the more users are mining and invest in bitcoin so they also earn more.

chris molty

jr. member

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A lot of good news, end-of-the-year run, euphoria + highlighting bitcoin, all that explains why it climbs so fast.

xianbits

sr. member

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Yes, the price is so high but since I can't see "buyers" myself, part of me is thinking it to be artificial pump. I am afraid if ever my thoughts are true, is the big dump. Well, I know bitcoin is getting popular and popular each day, but this price surge fears me.

Eternad

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Quote from: The One on November 29, 2017, 06:25:21 AM

Quote from: Fonz Ferdinands on November 29, 2017, 02:34:23 AM

On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.

Don't be stupid. Learn economic and finance before posting crap. Supply and demand only goes so far in explaining the price equilibrium. The holders of BTC are not selling and the buyers are pushing the price up in order to obtain btc. Currently the holders are deciding the price of btc. This does not imply the buyers had pumped in $160bn of hard cash.

It was just the matter of demand, bitcoin getting and getting more popular,that people tends to buy some it,knowing they have see the potential of it's more future increase. Holders keep hoarding since it still shows growth. But still the price and dates were still hard to determine.

hndrk10

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Sharpay - Share Button with Blockchain Profit

Quote from: The One on November 29, 2017, 06:25:21 AM

Quote from: Fonz Ferdinands on November 29, 2017, 02:34:23 AM

On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.

Don't be stupid. Learn economic and finance before posting crap. Supply and demand only goes so far in explaining the price equilibrium. The holders of BTC are not selling and the buyers are pushing the price up in order to obtain btc. Currently the holders are deciding the price of btc. This does not imply the buyers had pumped in $160bn of hard cash.

Wait, so, even if there are 350 trilion dollars in the world. And let's asume Bitcoin will have this Market Cap. Does it mean the price can still increase just due Supply and demand?

The One

legendary

Activity: 924

Merit: 1000

Quote from: Fonz Ferdinands on November 29, 2017, 02:34:23 AM

On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.

Don't be stupid. Learn economic and finance before posting crap. Supply and demand only goes so far in explaining the price equilibrium. The holders of BTC are not selling and the buyers are pushing the price up in order to obtain btc. Currently the holders are deciding the price of btc. This does not imply the buyers had pumped in $160bn of hard cash.

mOgliE

legendary

Activity: 1344

Merit: 1251

Hi,

I think you can explain the rise with two factors.

First, due to the very definition of how bitcoin is created. It has to rise in value over time.
Second, it is a new playfield. People are tempted to buy, try and.. see what happens. Maybe at some point a bubble may burst but.. Traditionnal economists have actually no clue about it as the bitcoin is "new" and has specificities that are not shared by the traditionnal "real" currencies.

And last, in the real world, we have seen bubble bursting, we have observed its devastating effects on people. But unaffected people are still playing. As long as you have players, the game is on!

jawadmehmood

jr. member

Activity: 51

Merit: 10

Simple answer to this question More people got involved in bitcoin more it gain value. millions of users are getting involved in bitcoin due to price value. thats why bitcoin increasing day by day.

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