Topic: Why is there such demand for Bitcoin? - page 16. (Read 2640 times)
2017 is the year of bitcoin. Why? Despite of the existence of bitcoin few years ago, this year has become the most shocking increase of bitcoin, and that news kept the people wondering what really is bitcoin? People were hoping to at least join while it is not yet too late and that amount of curios newbies adds the demand of bitcoin.
The reason is bitcoin is the most secured cryptocurrency atm and it also has many advantages like less transaction fees and many others...so this is one of the factor y there is so much demand for btc .
Basically the first we think that why such demand for the bitcoin is the graph of bitcoin price that every single minutes are getting higher, so too many people think that there is a future in the bitcoin currency.
This a fact that the future of bitcoin is very much bright and so many people have already changed their present and future with bitcoin. Bitcoin is at present one of the most profitable investments of the world. Too many people are after bitcoin just because of its high potential of generating huge returns. Indeed the ever increasing bitcoin prices are playing major role in the popularity of bitcoin all over the world.
One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.It’s reasonable to wonder of course what has risen is the price; as to the value, that has yet to be determinedand same is the case with demand for it.
Awareness has really made bitcoin popular. More people know about crypto currencies, more people want to invest and more people want to be part of the profit that comes with the increase in price of bitcoins.
because this is a mad profitable investment! a very strange question, his course is just a fantasy of which only dreamed of before
So far, Bitcoin has given a ROI of close to 1,600% this year. But there is no guarantee that the same will repeat in 2018. Going from a market capitalization of $20 billion to $350 billion was relatively easy. But the journey from $350 billion to $1 trillion is going to be much harder and full of obstacles and impediments.
the most important reason is the huge profit of bitcoin now, but i think there are still some people who believe bitcoin will change the world by decentralization and traceability blockchain
because this is a mad profitable investment! a very strange question, his course is just a fantasy of which only dreamed of before
There's lots of reasons for the increased demand: As the community has grown larger, more people have bought in causing the price the price to rise. This increase in price has lead to more media exposure which has increased awareness & adoption at an even greater rate. The barrier to entry has become smaller too, as Bitcoin is seen more legitimate & less shady that it was in the past. There's more wallets & exchanges than ever as well as more people who can help newbies learn the ropes.
Bitcoin is a technically advanced solution to distributed consensus, which is nothing but an agreement to whether a transaction has happened or not. Distributed consensus is reached in Bitcoin easily because it is a currency, and incentivizes the nodes which reach the agreement. For a transaction to occur between two individuals, banks and credit cards or organizations like paypal act as a mediator in between and take away 1 to 2% in commissions, whereas there is no such commission in bitcoin. Two people agree to doing a transaction, a bitcoin exchange happens and is recorded to multiple nodes. Each partical or full bitcoin transfer from one individual to another is recorded across nodes and therefore the receiving individual cannot deny the transaction. The use of digital signatures algorithm makes it secure as well.
In my opinion, the reason why is there such demand for bitcoin it’s because the community of it is rising. If the population of bitcoin becomes sizeable, and some users want to trade their money through bitcoin. The demand for it will increase, so if the need for bitcoin increase the volume of its quantity will rise when the price gets higher, and higher many people are willing to try and obtain bitcoin, therefore the community of it will grow.
I'm pretty sure less bitcoins are being mined compared to the previous years, otherwise what's the point from the block halving. The demand is clearly coming from different types of people, investors, people who want a way out of the banking system, Darknet users, gamblers etc. and in these area, compared to fiat, bitcoin is much better.
Most likely true, more and more people wants to get out of banking trap without any significant innovation in payment, an area they should be focusing, for long period of time. It is not even getting any cheaper after all this technology development.
Other than that, its price surge recently grabs massive attention in this slow paced economy when many countries are struggling.
One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Well, From time to time, Bitcoin is increasing on its demand as well as on its price. We can noticed that People are now will be familiarized if they heard Bitcoin. It is getting in demand because Bitcoin is better than Gold in terms of investing and getting profits. Investing is quite profitable but Holding and earning is the best. Many people are now rich because of Bitcoin. They already suffering richness and the life of being rich because of it. And many people are so attracted to the lives of them so that many people are now interested about Bitcoin.
One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Yes the way investments are made at that time is just crazy,
I mean why wouldn't it ? Trading which is the first job in the human history is now revolving about bitcoin and cryptocurrencies in general its more profitable than gold, oil and other stock markets. And i hope that the supply can get even with the demand in the near future so everyone gets a piece of the pie.
Bitcoin has now become a digital asset that outclass other forms of it such as; gold, stocks, lands, etc. Moreover, if you'll compare it with the latter, Bitcoin is easy to acquire, doesn't require paperworks and you have fully control that does not regulated by any entity or government. Thus, being popularize due to its frenzy price surge, people are moving over with BTC. Therefore, increasing demand. Given that the maximum supply of BTC is only 21 million, which I think around 16 million coins is circulating throughout the world wide web. There will be a continuous scarcity of supply if this loop will not end.
Its limited supply determines the value, so a bitcoin wallet becomes more valuable with time, but a bank's savings account gets devalued with time. People want their savings valued with time.
One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
There's a current hype over the media and the crypto world, and many people came abroad
Bitcoins demand in its started year where it launches, its demand is yet too low. In effect, the small demand resulted to low price of bitcoin. But life is too tricky. People who said that bitcoin is a scam, who negatively comment bitcoin has join the community and tend to invest in it when they knew its price is continuously increasing. As the increase of demand increase, so as its price. People are attracted to the price of bitcoin.
The major reason why there is so much demand for bitcoin is that it has limited supply. the bitcoin in circulation is only 16.7 million currently with the total supply of 21 million by 2021. the question is how can 21 million pieces of bitcoin can satisfy 8 billion people? that is why they are so expensive.
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