Why is the price of bitcoin so high - page 130.

posi

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Quote from: Joan_Dentist on November 27, 2017, 07:06:38 AM

I think the bitcoin price will drop in the next few days

Well, your thought is wrong because the price so strong lately and it will be weekend before any slight drop in price will occur after that bitcoin is going to break another ATH.

Next year is indeed a good year for crypto currency.

dangdangdang

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Quote from: DirectDeposit on November 27, 2017, 11:34:36 AM

Simply because of the demand

The demand is high because Bitcoin cannot be created outside of the the Bitcoin blockchain core and the only way to get Bitcoin is to buy it from traders. The only reason for buying it because everyone want to have it and Bitcoin will continue to rise like a rocket and everyone knew it will give them good profit in the future so Bitcoin price would mo expensive because the highest bidder can only get it.

KwizatzHaderach

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Increasing demand worldwide is fueling it. Bitcoin has become more of a safe storage of value as it always appreciate in value due to scarcity.
Same as other precious gems, its the market dictating that price, some are speculating, but as it become more accepted, value should increase.

With several banks also looking into investing to bitcoin, the favorable regulations from other countries. Should be a good chance to hit 10K mark before end of the year. Looking into a serious correction though, as I feel this pace of increase is not sustainable in the long run.

dangdangdang

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Quote from: DirectDeposit on November 27, 2017, 11:34:36 AM

Simply because of the demand

The lower the supply and the higher of the demand will make Bitcoin more expensive because it's not about selling, it's about buying Bitcoin through auction, the highest bidder can only get Bitcoin.

fancy_pants

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quarkchain.io

The price of bitcoins is going high because demand is going even higher.

dangdangdang

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Like Gold, Diamonds and Gems the fewer the number the higher the value it is.
Since Bitcoin was pumped up and the price was getting increased from time to time and people started to collect it because the Bitcoin supply is very few so people want to invest because everyone wants to see their investments grow and now more and more people want to buy because Bitcoin is more effective as being Cryptocurrency just like our fiat.
Nobody can create Bitcoin out of the blue so the only way to get Bitcoin is through buying it or mining it.

DirectDeposit

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Simply because of the demand

acolin

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Look, it's just one huge hipe. It will fall and then it will grow again. Today it
cost 10k, tommorow it can fall to 3k. The big guys earning big money on that
roller coaster.

fiomcorka

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Quote from: DySWv on November 21, 2017, 08:45:33 AM

The first reason why the price of Bitcoin is so high is because it is superior. In year 2009, Bitcoin came to an existence. It has become superior because it is the first cryptocurrency. A lot of developers, hardwares, and softwares supported Bitcoin first. The next reason is, the total demands on Bitcoin is high.

With the passage of time, there are more number of people who are getting to know about bitcoin. This is basically increasing the demand of bitcoin in the international market which in result is causing this much increase in the market value of bitcoin. This trend will continue to rise in the next coming days as well. Bitcoin will for sure have a very good market value which will help the investors in making more money.

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Quote from: rainezerr401 on November 27, 2017, 07:08:23 AM

The value of coins in the market is depending on the interest of consumers, Also in the supply and demand of every coin. You just need to search for the information of the coin before investing and think what is the most profitable before investing.

The consumers will soon be a minor factor. Instituionnal investor will have a lot more financial capacity. So they will take a huge share. Weak hands will get out, people like us will have low power over market. I don't know if it's good or bad tough...

Joan_Dentist

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This time many ico projects, should buy large bitcoin

rainezerr401

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The value of coins in the market is depending on the interest of consumers, Also in the supply and demand of every coin. You just need to search for the information of the coin before investing and think what is the most profitable before investing.

Joan_Dentist

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I think the bitcoin price will drop in the next few days

Streets 2.0

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The passions around discussing the price of bitcoin are now boiling like never before! Now everywhere in the press and television jokes on the topic "how I was a fool that did not buy THEN!" I'm wondering when bitcoin breaks the level of 10k?

Any opinions or theories on this subject? I think that now it is the same speculative tool as other currencies. Given his hesitation, this is a cruel roulette of the Russian type.

axiline

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More and more people will learn about Bitcoin. After so many years, people begin to believe in bitcoin, everyone buys it and this increases its capitalization.

ferrybitcoin.1996

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Because bitcoin is limited in the world, and its' cryptocurrency methods make people want to have Bitcoin. Any high demand makes the price risen

JeBro

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Living is easy with eyes closed ...

In my opinion, the rapid growth of bitcoin is due to the fact that very large players are entering the cryptocurrency market.
For example, the Chicago Option Exchange (CBOE) has agreed with Gemini's crypto-exchange on partnership, whose goal is to launch derivatives trading on cryptocurrencies as early as 2017.

jemarie20

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Many people ask why bitcoin is very expensive now a days its because there are many people here using bitcoin and invest in bitcoin that contributed why bitcoin price is very high.

cryptomngr

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Its created to be this high and will go high even more,i heard the target of BTC is 10k usd before the year ends.

v_Harley

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Know the currency is becoming more and more and more people are willing to hold the currency, and media and news reports all day about the currency, lead to the currency is more and more popular, the currency amount is limited and very safe, have the requirement of finance and investment.

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