Topic: Why is there such demand for Bitcoin? - page 15. (Read 2619 times)

I think there are two words that I can say why bitcoin has a high demand at this moment. One is its popularity. Day by day, more and more people are getting involved with bitcoin and the cryptoworld. Bitcoin has become popular because many want to invest with it and they believe that if they invest in bitcoin, it can give them a large ROI in the long term. Second is trust. Bitcoin has a high demand because many are buying it and as more investors are buying it, the demand will rise and the price will increase and since bitcoin has gained its trust for a long time already many want to invest their money in bitcoin.

The rising popularity across the globe has raised a huge demand of Bitcoin. People are rushing down to invest in this new type of currency whose values increases automatically over time. In simple words, bitcoin has offered them new investment which does not demand huge funds instead users can invest in small amounts without worrying about paper work and banks and get high returns. Hence making it favorable investment.

There is high demand for bitcoin because it is easily accessible. Anyone can invest in bitcoin by just holding on to it and believe that the price will pump up which is happening. That alone is enough evidence for a lot of people to be encouraged to invest in this cryptocurrency.
As the demand for investment grows, a lot of projects are being established where Bitcoin can be use. That's including exchange to fiats or other crypto, lending, and little by little being used as a way to pay bills and a lot of items.

because its price is rising and still bitcoin is the m other of all coins.sothere is a high demand for btc in the market

Faster profits due to high growth in bitcoin's price is the main reason for people investing into bitcoin. Albeit the supply is less it's features and the fact that it can be traded without having to deal with with any intermediaries and decent fees makes it a good proposition.

Yeah bitcoin is new kind of business. It gives opportunity to support your family expenditures and enhances your average monthly income. Most of the countries are making huge investments in bitcoins because it is the future of fiat and those people who are interested in bitcoins they trade bitcoins to make profits and usually sale/purchase their products for bitcoins. This make their life better and happier.

Yes media is responsible for making bitcoin popular, i think now Ethernet is also becoming popular and the reason behind is media which is compelling people to invest money in bitcoin.

No doubt that social media play an important role in making bitcoin more popular and convincing people to invest their money in bitcoin. But we have to accept that fact that bitcoin has already giving a good profit to people and still people are too much confident about bitcoin investment and that is the reasin that still people are interested to invest their money in bitcoin and do not lose a chance of making money from bitcoin investment.

Bitcoin is used to buy pretty much any altcoin you want. Therefor we get a high number of transactions and a high demand for it and from here equals a high price.

Basic demand was to use bitcoin in Darknet at 2010 now when price reach 1000$ bitcoin move to invsetment coin.

all demand came from price

I think more and more people are finding out about bitcoin. Perhaps one of the greatest influence that affects people's awareness is social media. A lot of people are finding out how bitcoin works and feel the necessity of investing or getting involve in any bitcoin activities. This may be the reason why bitcoin's demand is increasing.

I can say that people has become aware of bitcoin and it's potential that is why the demand has increased. And continues to increase despite of the change or inconsistency of it's value price. People always wanted to earn, and bitcoin is one of the great way of earning. And because bitcoin has become more popular and known to people, everyone wanted to grab the opportunity to earn with it.

Prices are forced to rise when demand for a particular commodity exceeds the supply of it. Even though bitcoin is mined across the globe, I still believe the demand placed out by users and investors far outwits the amount mined

I think there is such high demand in bitcoin because of its increasing value every time plus the fact that less bitcoins are being mined as time progresses.  The idea of it becoming a rare currency plus its value now make it so appealing to crypto isers and traders worldwide.  Also, let us not forget the qualities that bitcoin has as the reasons why it is so in demand everywhere there is talk of cryptocurrencies.  Bitcoin is decentralized monetary crypto and as such makes it easier for people to store and transfer funds wherever you are in the world.  Second, its increasing value as a service makes it convenient for people to do transactions using it online: you could purchase so many things with it now compared to its early years.  So summing up, versatility with what and how you can use it plus its value makes it so demanding in today's market.

Supply and demand is the very basic principal which is being followed not only in the case of bitcoin but in almost all the things like that of bitcoin. The only reason behind this much demand of bitcoin is that there are more number of people who are getting to know about bitcoin with every passing second.

Looking at the advantages which they can have by having bitcoin, most of them are going for buying of bitcoin which is resulting in more market value of bitcoin.

If you will compare tha demand of people for Bitcoin 4/5 years ago and today; the demand today is high. I think the reason behind it is because of its price. As the price increases, the demand of people also increases. Their excitement is getting higher as they see the unexpected value of Bitcoin.

People today are more link about social media. It constantly strikes us from a simple posting and inviting the links they have. And some of us are practical and willing to earn on its easiest way. So that Bitcoin are easily to share on media and it becomes more popular. Its digital currency are more likely catchy by the eyes of many people that using mobile phone you can now deal with it.

People nowadays become more aware about bitcoin and how it works. Thus, it attracted more users than before through social media promotions and rumors. Whre in in bitcoin, the market dictates the value of it. That's why as more and more people use it, the higher it get its value and vice versa. Bitcoin also, is more accessible to people.

Limited edition. As noted, the number of bitcoins limited to 21 million coins. December 2017 produced 16.7 million, so were 4.3 million As a result, the currency is not afraid of inflation. Moreover, restriction of emission contributes to the improvement of the course. The money is often compared to precious metal (gold) — it is difficult to produce, and available resources come to an end.

Trading on the stock exchanges. With the advent of new crypto-currencies last traded in tandem with Bitcoin. With the increasing demand for altcoins is easier to explain why the growing rate of Bitcoin. In particular, Litecoin, Monero or other virtual coins you have to buy for BTC.

The expansion of the network. The growth of the market prices attracts new Internet users. People create wallets, buy virtual money, make full units and engaged in mining. With the expansion of the Bitcoin network grows, the usefulness and demand for the cryptocurrency.

Positive news. The cost of virtual coins depends on a number of factors, including news background. Answering the question of why Bitcoin increases in value, many cite the emergence of positive news on the recognition of virtual money in large countries. This provokes the demand that generates an increase in rate. Negative news have the opposite effect — they often lead to a trend reversal and a sharp drop in prices. Example — the beginning of 2017, when the report of the SEC in respect of the ETF Winklevoss led to the drawdown of the course the virtual coins.

The emergence of new technologies. Considering the growth of Bitcoin and the reasons for this trend, it is worth noting the impact of technological breakthroughs associated with cryptocurrency. They simplify the network and increase its reliability. As a result of growing confidence in the system, the demand and price.

It's simple the rate of awareness of bitcoin is like speed of light more and more people are embracing it daily so the high demand