Topic: Why is the price of bitcoin rising so high? - page 3. (Read 3385 times)
It's because of people joining the trend of buying Bitcoin which pumps the value of it overnight. Even though few months ago it's going low, now it's going back again and might reach $12k next month (?)
I have been analyzing the exchange rates for the past two months, and it looks like the momentum is quite subdued although there is a lot of volatility. The problem is that a lot of new users purchased Bitcoin in December 2017, hoping that it will give them instant returns. These guys don't have any patience and they are dumping their coins right now.
Oh that's something natural taking into account that last month had a very low price so now somehow is restored the balance, but we have to consider that Bitcoin is a volatile cryptocurrency so is a little unpredictable right now. Maybe that's the cause why the price grew so fast.
The price of bitcoin is rising so high because of the high demands of the investors ,
I think it is really increasing rapidly because of the growth of the numbers of investors .
Bitcoin is becoming more and more popular when it started and the price is increasing because yearly there are new investors who wants to be in the crypto currencies.
I think it is really increasing rapidly because of the growth of the numbers of investors .
Bitcoin is becoming more and more popular when it started and the price is increasing because yearly there are new investors who wants to be in the crypto currencies.
The thing is that from the end of 2016 - beginning of 2017, not only "people in the subject" learned about the crypto currency, but also a large number of ordinary users. It's hard to say why this happened right now, but it seems to me that regular news about how the Chinese use bitcoin to withdraw money abroad bypassing government bans has played a significant role in the formation of bitcoin, and the systematic growth of the rate of the first crypto currency to $ 1200 - troy ounce of gold, which led to numerous discussions about the new risk-free asset. Further, the press began to pay much more attention to events in the crypto industry, which followed each other with astonishing regularity.
although the price rise a lot in the past years, it falls a lot, compare with altcoins, the amount of increase is really not very high in the last two years, many altcoins pumps hundreds of times, i think btc will continue to rise as most altcoins will disappear
Expert explains theories behind Bitcoin surge...
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.
investors who is continues to using and increasing no. of people who uses especially bitcoin and other altcoin and type of crypto currency.Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.
new way to payment and also money that basically it... and also the popularity of bitcoin getting in the year of 2017..
I am happy and amazed now hahHhahaha how power of money and bitcoin influences people and others hehehehhe
The cost of the bitcoin continues expanding in light of various variables that makes the cost increments. One factor is a direct result of the request of the bitcoin that continues expanding. We as a whole know the law of interest that if the request builds, the cost likewise increments. Another factor is there are many individuals utilizing the bitcoin or put resources into bitcoin and that is another motivation behind why the cost of the bitcoin continues expanding. Ubiquity of the bitcoin increment the bitcoin requests and furthermore it advances the computerized money around the globe.
well, simply because of the law of the demand and supplies. If the supply decreased the demand increases and the price increase too, if the supply increases the demand decreased the price goes too. As simple as that.
the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.
The population of bitcoin is the one who is making the demands so high that is why the market is increasing the price of bitcoin because of its volatility also, we believe that the bitcoins price would go up to million dollars in 2038(just some rumor I've heard) but I'm hoping on it to happen because that would be great and will gives us a lot of profits for sure.
the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.
Probably it is, the rising and dropping of value or prices of bitcoin is depend upon the demand of the investors that they wanted to invest. Since investors are keeping on rising too that's why the value also rising high too. And besides it is what the basic principle of bitcoin right, thats why it is hard to predict it's price because of its volatility. Wow i was not aware of the huge exchange of GBP/USD, it has been a long time since i dont check the forex markets, why the pound is so expensive over the dollar right now?
Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.
If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.
The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.
Since the law of supply and demand is considered as the backbone of market economy, it also applies on the volatility on bitcoin's price value. There are basic components of this law such as, of course supply which refers to how much is available in the market and the demand for the availability of a certain products or service. This includes the exchange of value, which balance the certain formulation that triggers whether the price of bitcoin will shoot up, or falls down. Bitcoin prices reaches reached £7,529.77
Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.
If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.
The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.
Wow i was not aware of the huge exchange of GBP/USD, it has been a long time since i dont check the forex markets, why the pound is so expensive over the dollar right now?
Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.
If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.
The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.
agree with you, I want to add indeed bitcoin when the market goes up higher, because bitcoin market is the first in other currency markets but when it comes down very drastically. Bitcoin prices reaches reached £7,529.77
Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.
If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.
The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.
Expert explains theories behind Bitcoin surge...
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.
The price of the bitcoin depends on supply and demand of the cryptocurrency market. If the supply of the bitcoin decreases and the demand increases; the price of the bitcoin will go up but if the supply increases and the demand decreases, the price of the bitcoin will go down. The value of the bitcoin depends on the people who are buying and selling bitcoins. Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.
Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.
But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.
Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.
the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.
There is the reasons why bitcoin goes to very high. Because of the unstable prices and numbers of investors that can result of bitcoin price dump. Then in other reasons the big investors control the flow of bitcoin in the market. If they can have the power to control meaning they are the one who can be followed. Whatever the prices they decide they can do it in either goes down or goes up. Sometimes they let the market circulate without their present to see the capacity of small investors who hold few numbers of bitcoin pieces. There are more reasons why like the the value of bitcoin rise.
It was so low last week and people started to buy it because of potential rising. We say it market cycle and market psychology. And it works everytime.
Supply and demand I am sure, this is the case that is only responsible for the price being jumped so high and then going down every other week. In international market, there is a fix supply of bitcoins that is have been spread over the world. But yes, demand is increasing day by day. So when there is shortage of coins, or people when bought much, market demand increases, and hence prices get higher. Bitcoin’s surging popularity, demand and growing awareness of the crypto market has all contributed to its unprecedented rise.
The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender – but it is popular and in high demand which drives prices.
Mostly it ia caused by supply and demand. If the demanf is so high, then relatively, price is high as well. Compare it with diamonds. Diamonds are really hard to excavate and find and refine. They are also low on supply so when we buy diamonds, it's very expensive
Bitcoin price rising so high it's because the demand of bitcoin is increasing, we all know that the community of bitcoin is growing too fast and too big that's the main reason why bitcoin price is rising or rising so high. We all know that when the demand increases the amount of it will also increase and especially in cryptocurrency. The second reason why bitcoin price is growing is that of some influential person, or giant company that will speak about bitcoin or another cryptocurrency that they will accept it as a payment, etc.
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