Topic: Why is the price of bitcoin rising so high? - page 4. (Read 3369 times)
the price of bitcoin has a rapid growth, because the popularity of this crypto currency is growing. every corner of the world just talks about how to invest in bitcoin
From my opinion there are two reasons behind price of Bitcoin rising so high. first of all people all over the world are investing in, again we know that when Bitcoin investment will rise the price of Bitcoin will also rise.secondly people are buying and selling Bitcoin at high rate.
The price of bitcoins depends solely on the demand for it from the part of persons who want to buy it. And since bitcoin has increased in price by more than 1000 percent over the past year, there are a lot of people wishing to have such a profit in the future. But this can not continue indefinitely. Enough of some kind of cataclysm that would affect the decrease in demand for it, and there will be a reverse chain reaction. For a short time, its value can fall to the actual depreciation. While this is a classic bubble. A new technological solution is needed, so that it protects both from excessive inflation of the bitcoin price, and so as to prevent a sharp fall in its price. Given the already high liquidity of bitcoins, a sharp drop in the price could cause catastrophic consequences.
Actually, the price of bitcoin will depend on the demand of it in online market or trading sites. The fluctuations of supply and demand of bitcoin is the main reason why its increase the price. However, as of now the price of bitcoin is not yet high but I hope it would recover again and it will keep on increase.
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.
Agree supply and demand is the main price increase! The price of bitcoin will always grow as long as the crypts are developing! When new technologies come into the market, they push to big demand and use bitcoin! I'm sure that now is an amazing time for watching the birth and realization of bitcoin!
Mostly because of supply and demand. This usually dictates hoe high of a rise bitcoins can accumulate and how deep the crash is. With this kind of logic, a lot of people who have a lot of bitcoins can manipulate the global price so hard that they steer the supply and demand curve hard.
bitcoin price is depends on the community.. because many people use bitcoin and some people buy bitcoin thats why the price of bitcoin goes high..
Imagine how high the price raised in December. Now the price is low but after this downfall I think it will go higher that it has ever been. Looking forward to see that
Bitcoin prices depend on requests from people who want to buy them, there are many people who want to benefit in the future, But this can not continue indefinitely. Quite a few types of disasters will affect the decrease in demand for it, and there will be an upside-down chain reaction. For a short time, its value could fall to the actual depreciation. While this is a classic bubble.
The reason why bitcoin can increase in value in the last few years is because so many transactions are made using these bitcoin currencies. so naturally if the value of 1 btc can increase drastically like that.
See the news below I thought that's the reason why bitcoin price getting high now.
Another exchange Got hacked. Coincheck is one of the largest Japanese exchanges! $534m has been hacked.
Source: http://www.bbc.co.uk/news/world-asia-42845505
It's another huge warning to take your crypto out of exchanges.
Hardware wallet is the best bet. But like me if you find hardware wallet less user friendly then go for desktop wallet such as Exodus and Electrum.
Another exchange Got hacked. Coincheck is one of the largest Japanese exchanges! $534m has been hacked.
Source: http://www.bbc.co.uk/news/world-asia-42845505
It's another huge warning to take your crypto out of exchanges.
Hardware wallet is the best bet. But like me if you find hardware wallet less user friendly then go for desktop wallet such as Exodus and Electrum.
It's because nowadays bitcoin is getting huge media and more people get awareness about bitcoin. Being struggling to earn money, they just don't want to miss the opportunity anymore. So the demand increases very high which results in the huge increase in price.
now bitcoin is indeed a big firal price, although that bitcoin is also offset by the decline of bitcoin which so far can be spelled out surprises us all. but with the rise and fall of the bitcoin price it does not make people so retreat, instead otherwise on tempted by bitcoin.
The price of the bitcoin keeps on increasing because of different factors that makes the price increases. One factor is because of the demand of the bitcoin that keeps on increasing. We all know the law of demand that if the demand increases, the price also increases. Another factor is there are a lot of people using the bitcoin or invest in bitcoin and that is another reason why the price of the bitcoin keeps on increasing. Popularity of the bitcoin increase the bitcoin demands and also it promotes the digital currency around the world.
I think that many peoples belive in fact that thay can be rich over night,and thay invest money because thay see or read in news how fast bitcoin grow,the main fact is whit this percentage of new investitors bitcoin is best way for easy and big money.
Ity's common knowledge that demand and supply plays the elementary role in determining bitcoin's prices and so for the p[rice to be rising so high can only be attributed to the global mass adoption of bitcoin and other altcoins since it brings on board security , privacy and safety.
I think that many peoples belive in fact that thay can be rich over night,and thay invest money because thay see or read in news how fast bitcoin grow,the main fact is whit this percentage of new investitors bitcoin is best way for easy and big money.
It's because nowadays bitcoin is getting huge media and more people get awareness about bitcoin. Being struggling to earn money, they just don't want to miss the opportunity anymore. So the demand increases very high which results in the huge increase in price.
I do not know anything about the growth and if what happens to bitcoin can now be called growth ... this year, in any case, there will be a growth either at the expense of new earners, or at the expense of new investors and projects. The number of people interested is growing - this will inevitably lead to growth.
The reason behind the price of bitcoin is high is because of its high demand that receives the world trade market; which lift the market value up and more favourable.
the price of bitcoin always rising so high because many users investing and it and many people but bitcoin everyday that's why the price of it get high and higher each day and when many people invest in bitcoin the price of our will get the peak and many investors will earn a lot of money while you are waiting for your passive income, in this year there are many possibilities that bitcoin may increase more.
let me tell you .. why the price is high because the good project and high needs
Yes, I agree with you why the price is rising so high because it's good project and high needs. As far as I know that Bitcoin is a digital asset which is suitable to use in this era, even it's simple and easy to access by people wherever they want to. Jump to: