Why is the price of bitcoin rising so high? - page 8.

kotajikikox

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Quote from: Mandoy on December 19, 2017, 09:21:10 AM

The price of bitcoin is so high since there are many people coming from different countries have started to purchase bitcoin in the dream of earning a huge profit when it grows in value. But one thing that caused a huge spike in bitcoins increase in value was the report about the Winklevoss brothers became the first bitcoin billionaire. That news has inspired many big people in the finance industry to invest in bitcoins in great volume.

Because of high demand of bitcoin and bitcoin being first digital cryptocurrency using internet connection fast to introduce in the different country, bitcoin comes to become famous in the world and is this happen for bitcoin i think the price continue to increase.

luigidosado

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Today's price of bitcoin is very unexpected. No one ever expected that it will increase its value that fast. And now that its value is still rising, it started a lot of debate and rumors making people more curious to try it. This results to increase in demand of bitcoin making its price to continue to increase its value. Its price attracted a lot of traders around the world to try it.

kriticko29

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Its not new when people say that bitcoin is a bubble while they were waiting for the price to drop and then invest their money into bitcoin. They just want to be apart of it thats why they are making this news.

P60

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Quote from: yuto7 on December 02, 2017, 01:57:17 AM

That will be because many people feel a request in bit coin. It's also affected by worldwide credit ease of course.

Yes, it is because of the demand of all the users of Bitcoin. Bitcoin is gaining popularity worldwide so people are now getting a chance to know it and work on it; because of this, the price of Bitcoin is rising unexpectedly.

sneeze11

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Quote from: mayuri27 on November 28, 2017, 11:56:16 AM

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.

For me the price of bitcoin are rising so high because it is so famous now and it is so popular so the price of it are still increasing. There are so many people that are working on it even if they are rich because they all know that by working on bitcoin they will be richer and they can earn an extra income on it.

gakadem

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because the demand for bitcoin is increasing every time, and we know that the number of bitcoins is limited
maybe that's the factor that makes why bitcoin the price is so high right now, but there are many other factors again, one of them maybe because bitcoin is the first crypto currency so the price can go up so high

HoaNguyen

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The nature of the increase in the price of BTC is due to the amount of it has limited so when increasingly reaching the limit, the price will increase quickly is understandable. Secondly, due to the increasing fever of the BTC, many investors, as well as people invested in BTC, made the demand much higher than the supply, leading to the increase of BTC price in 6 months. I predict that by the end of this year, BTC will be up to $ 20,000. Tongue

Risktaker31

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It is all because of the rising of the demands and more people getting involved in bitcoin while the bitcoins supply is beggining to scarce because it has a limited amount that's circulating in the market.

edgarcoinny

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Simply because it is getting so much awareness. So many people are now learning about it and want to join in so the price is bound to keep rising.

Vendetta666

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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. 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.

djgtr

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Quote from: Kizaki on December 19, 2017, 09:47:02 AM

Maybe because bitcoin has many investors nowadays and very in demand that makes the bitcoin increase its value and helping it to boost its success. Also the lack of external regulation and control from big banks.

In short bitcoin today has really rising becaus eit has many believer and it has many good advantages that is why many people believe on it and they really want to have bitcoin that is why they invest on it .I believe thatvit is all because of the advantages that bitcoin has it is really rising because of its great demand in a market place sometbing like a product that is really usefull now a days in this modern world.

Bit4UTeam

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Due to a fast-growing number of traders and newbies interested in cryptos bitcoin is rising so high. One more reasons that social media and various news put the wind in bitcoin trading.

Kizaki

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Maybe because bitcoin has many investors nowadays and very in demand that makes the bitcoin increase its value and helping it to boost its success. Also the lack of external regulation and control from big banks.

tikaka

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I think the bitcoin has increased steadily over the past few months as demand for humans has increased. Many buyers because of their potential and benefits in the future. Bitcoin payment service is on the rise. Many buyers make the value of bitcoin push up quite high

DySWv

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The price of Bitcoin is increasing incredibly because of the total demands for Bitcoin. The more people buy or use Bitcoin, the higher the price of it will become. Bitcoin is becoming more famous because of its price. And if Bitcoin becomes more famous, the number of people who are interested in Bitcoin will increase. Are you seeing the loop already? That's just how it goes.

magz

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Many are now recognizing Bitcoin. Many are now into the world of cryptocurrencies. Because of many supporters of Bitcoin, many are buying so the price tends to increase. The price is based on law of supply and demand. In this case, the price increases meaning many people are buying.

Mandoy

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The price of bitcoin is so high since there are many people coming from different countries have started to purchase bitcoin in the dream of earning a huge profit when it grows in value. But one thing that caused a huge spike in bitcoins increase in value was the report about the Winklevoss brothers became the first bitcoin billionaire. That news has inspired many big people in the finance industry to invest in bitcoins in great volume.

88trentkaven

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to my opinion only, i think bitcoin rise too much because the need for bitcoin has risen too much just in this year, also people with big source of money is buying very much bitcoin making it price more expensive, the shortage of bitcoin will rise its price more and more.

BlackRacerX

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Quote from: mayuri27 on November 28, 2017, 11:56:16 AM

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.

There are some factors that states the price bitcoins and these include supply and demand. Most bitcoin investors sell their bitcoins at certain price point that are so high because of the scarcity in the circulation. Just like diamonds, the harder you try to get diamonds, the bigger the price.

Reid

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Yeah it is a bubble, that is what I thought but I am wrong.
It could be anything now. You said this November and yet it has not exploded yet.
I might as well get something out of it before it explodes but will it?
It could make us richer for now, so why not make it not a bubble anymore and stop spreading this news.

Topic: Why is the price of bitcoin rising so high? - page 8. (Read 3369 times)