Why is there such demand for Bitcoin? - page 17.

coinoberg

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Quote from: dvillier on December 18, 2017, 01:44:59 PM

Quote from: Pablo778 on December 18, 2017, 01:08:37 PM

when it comes to bitcoin, people have a good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

The hihg demand of the bitcoin is due to the thigh rate of the interest of the new investor in bitcoin. As the new people come to know about the bitcoin high value and its high rising rate in the value of it, they become fan of it and want to make some invest and generate some income for their self. While the stoke of the bitcoin is limited. So the demand of the bitcoin is high due to the new investor of the bitcoin.

There are two part of the demand, first part is us retail traders, investors and second and more effective part is those big whales who can effect the price. Why there is demand? For retail traders the reason is price increase and for whales is the laundering money in simple words.

teejayrichard2

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There is such demand for bitcoin because people have seen its potential and has come to accept its the new money the world needs. People know its value will keep increasing and bitcoin has made transactions more faster and easy at the comfort of our home. Bitcoin has been able to overcome all obstacles it has faced over the past few years and has come out stronger attracting millions of investors all over the world. People now want to invest in it daily thereby increasing the demand beyond what was initially predicted.

martina14

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Quote from: rockyshala on November 15, 2017, 06:43:57 AM

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

The demand is continuously rising day by day as people around the world jump to bitcoin community though the supplies stay on the numbers and that give bitcoin a big leap on the market because of the people wanting to have bitcoin

ArnoldChippy

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Quote from: Similificator on December 17, 2017, 03:41:00 PM

Quote from: rockyshala on November 15, 2017, 06:43:57 AM

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

Well, what i am sure of is that back then, the most common reasons of people why they jumoed into bitcoin is the extent of anonymity that it could bring to its users. Which was thought back then by most of the people to be a full anonymity. This alone benefits everyome tired of the current outdated system of the world, the ones that have illegal businesses tofether with its supporters and lastly are the ones that saw it as something cool and wanted to be early adopters of the new trend. And in later years more people went in with the same reason, but then some had seen potential for profit, then slowly bitcoin has become the greatest amd biggest gamble of the greedy. Which is why we reached this price today that should have been a phenomenon for the next few years.

Now, if this continues, amd the lightning network fails to deliver, then i am quite sure that this might cause Bitcoin to crash due to whales taking profits and transferring to more capable currencies. This will be a domino effect that will rob every small investor of all their profits and capitals.

These arey thoughts.

But i wish this does not happen.

But to me i think the profit that bitcoin has already given to people is also an important reason for convincing people to jump into bitcoin. Bitcoin is the new emerging currency and people specially the young generation are taking more interest in bitcoin which is also responsible for the increasing number of bitcoin users, hope that the increasing in the number of bitcoin users will continue because still a very little number of people know about bitcoin.

JohnHero

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Quote from: SummonKing2 on December 18, 2017, 02:37:51 PM

This is because developments such as hard forks complexify the crypto-currency universe. They roughen and texturise so it is less planar and vulnerable to simple fracture, less susceptible to damage and more likely to benefit from shocks, as action will be taken to adapt. That’s the value of the system: the hard work of developers, the code written that turns it into a living, growing, adaptable and self-healing thing.

You cannot base the price increase of the Bitcoin on the hardforks. Every time Bitcoin reaches a new height, there is a lot of media coverage, on a lot of countries all over the world which attract new potential investors.

ObroQ

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Having bitcoins is like having a safe deposit at your disposal, using them anytime you need. It's just another way to invest your money.

SummonKing2

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This is because developments such as hard forks complexify the crypto-currency universe. They roughen and texturise so it is less planar and vulnerable to simple fracture, less susceptible to damage and more likely to benefit from shocks, as action will be taken to adapt. That’s the value of the system: the hard work of developers, the code written that turns it into a living, growing, adaptable and self-healing thing.

chocomartin

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Well more and more people are investing in bitcoin since word is getting out that its value is blowing up and they have this notion that investing in btc is a get-rich-quick scheme.

Yarsk

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Quote from: rockyshala on November 15, 2017, 06:43:57 AM

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

Bitcoin is witnessing high demand due to the fact that bitcoin price is now above what speculators predicted earlier and at the same time the capacity of bitcoin to sustain it market value is another thing that has draw attention to bitcoin in the recent time. Most speculators term as a bubble but bitcoin is very effective and capable of transforming the financial system.

dvillier

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Quote from: Pablo778 on December 18, 2017, 01:08:37 PM

when it comes to bitcoin, people have a good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

The hihg demand of the bitcoin is due to the thigh rate of the interest of the new investor in bitcoin. As the new people come to know about the bitcoin high value and its high rising rate in the value of it, they become fan of it and want to make some invest and generate some income for their self. While the stoke of the bitcoin is limited. So the demand of the bitcoin is high due to the new investor of the bitcoin.

Zuilhsa

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Everyone wants to become rich, making money through bitcoin is the only thing which makes it more demand. Now bitcoin is more popular because of its huge price rise, so many people started to invest on bitcoin.

Scor1937

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That was really a good article. Bitcoins actually depend on demand and supply, as the demand increases when the supply is limited, the price hikes up. Recently many new investors have been investing into bitcoins which is constantly increasing the demand on low supply which is gradually affecting the price of bitcoins. I guess, all of the techno friendly peoples find bitcoins profitable so are busy investing in them.

bitbunnny

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It's like closed circle. The higher the price the biger the demand and vice versa. Everyone wants the opportunity to make profit and they think Bitcoin is ideal for that.
Today there are only few true Bitcoin enthushiasts, majority just want to make money no matter what it takes. If the price falls significantly that will also happen to demand.

kh bhuiyan

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Because, it's price is rising day by day. If one want to buy some bitcoin now, he can sell it at a bigger price next time.

Chekitan

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Bitcoin being new in market nobody knows everything thing about it thus they get attracted to it trying to look in what all the fuzz and hype is about. This thus increases the demand for bitcoin.

Pablo778

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when it comes to bitcoin, people have a good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

fishball

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Quote from: rockyshala on November 15, 2017, 06:43:57 AM

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

Advertising really pays off especially if "big" people start to take interest in cryptocurrency. Bitcoin got the spotlight since most people have interchange the term with cryptocurrency. The media both praise and bad-mouth bitcoin and both ways still make it more popular. This demand had led some people to ignite the hype we can observe today.

PLAYSE2

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There is no way to have more bitcoins on the market beyond 21 million units?

Webetcoins

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Quote from: BlackPanda on December 16, 2017, 08:10:53 PM

Quote from: Shamie1002 on December 16, 2017, 07:59:57 PM

Quote from: OmegaStarScream on November 15, 2017, 07:24:35 AM

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.

I completely agree.
High demand, less supply. Reasonable, since everyday it's harder and harder to mine bitcoins. Banning of bitcoins in China may have contribute somehow or if every the number of miners there were already covered by new miners still it's difficult to set a proportional amount of bitcoin to the massive adaption of bitcoins.
Before I think one bitcoin is to a hundred users or less that is why prices before are low.
Today, I think one bitcoin is not only to a thousand users.

Various sectors have started using Bitcoin, the increasing number of users has also made Bitcoin different than it was a few years ago. Currently Bitcoin is increasingly taken into account and can be an important part of economic development in the world. I see that this is a very different thing, Bitcoin has changed people's view that digital currency can be used in everyday life. This is what makes the increasing demand for Bitcoin in the world.

Actually there is not only one quality in bitcoin its full of good qualities which make people crazy about bitcoin to join first of all its price is very high and secondly you can learn a lot of thing here about trade and other things which can help you in your practical life bitcoin also provide a very good source of income to its users and it changed a life of thousands of people around the world its transitions are also very fast than any other currency.

Drnice

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Bitcoin is like a precious stone that anyone can buy without having problem of thieves or from the government. Bitcoin is becoming more and more expensive due to the high rate of demade to supply. Okay, look at a point of 1500 new investors in a day, and 1800 coins are mined in a day + the holders of bitcoin who are looking on a high profit margin.

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