Why is there such demand for Bitcoin? - page 21.

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Quote from: rockyshala on November 15, 2017, 07:43:57 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 treated differently by different kinds of people. The demand for Bitcoin is generally based on this. Some treat Bitcoin as an asset. One group of Bitcoin supporters are holding Bitcoins for the sake of increased worth. Some others are using Bitcoin because it means freedom for them. They don't have to transact with banks and other central authorities with Bitcoin. Some people are also demanding Bitcoin because it is used and well-accepted underground.

Nhor1011

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Simply because of its value like gold. And it is a good investment. Easy transaction and it has freedom in bitcoin thats why it has a geater demand. A lot of people earn money through this bitcoin.

parassinghal

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I think its because of its advantages of its use and its value is also rising a lot. And the main thing is that it is the first cryptocurrency. So these are the main reasons of its this much demand.

Hui8

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Obviously who wouldn't want to invest money into something innovative like blockchain and then get credited with huge profits in the return. You know yourself how you can make money from the bitcoin by investing just few dollars and then getting back pile of thousand dollar bill! Thats what everyone wants, the money, they want to fulfil the need that they are in. The bitcoin has made lives very easier. Even for me, I was able to nil my education loan all its the help of bitcoin and nothing else. IF I would have Benin the search of my real job up until now then I could have faced bank legally but bitcoin saved my ass at right time!

This and many other kinds of stories are out there and that is why demand of the bitcoin os huge. Its for need or greed but its there for sure. :-)

OMGyasuo

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Quote from: rockyshala on November 15, 2017, 07:43:57 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

As you say, the profit from btc investment is huge. Although btc is very high at present, the demand is still more than 20m btc, which is due to the profit of btc. One factor contributing to the shortage of supplies is that many people were given thousands of btc in the past but lost it.

Itjoker

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Bitcoin has managed to turn into a full-fledged monetary unit, which suits all people. It is decentralized, it can not be released above the established limit. Accordingly, it does not face inflation, only currency fluctuations.

whitemacna

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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.The original demand is built from it being a way to store funds and a way to send funds anywhere in the world without relying on a bank or government. Also the anonymity of Bitcoin attracts users that don’t want banks and governments to control their money.

Karakyli

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Demand for bitcoin in the past year has increased enormously because people investing in it are hoping to receive excess profits again, due to the growing demand for it. It turns out an interesting situation: the demand for bitcoin is growing due to the increase in the price for it, and the price is increasing with the increase in demand for ditkoin. It turns out something like pumping a bubble. But this situation can not

rodel caling

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this is the proof bitcoin famous the user population increasing demands for bitcoin using easy uderstanding about bitcoin how its works for the interested people to understand the importance of bitcoin as decentralized cryptocurrency become profitable for their daily life and another for bitcoin quality its easy use for the faster transactions using the new technology also you get huge of benefits.

Tadhana23

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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.

Millinillion

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Why is there such a big demand for Bitcoin? That's a very good question. Firstly, it's because every granny in most of the countries can hear about it on TV. Secondly, it is because a lot of V.I.P's promote it. Eg:(Mayweather: "You can call me Floyd Crypto Mayweather from now on" . Dan Bilzerian: "I Bought a Sh**Load of Bitcoin Today").
Thirdly (and most importantly) the demand is caused by the fact that every once in a while, BTC breaks a new record, as shown in the picture below. This causes regret in people's heart, so they act emotionally and buy bitcoins the next day, hoping for a new record which will bring them a lot of profit.

Compared to other non-virtual commodities (such as gold), BTC is scarcer as the supply is limited to 21,000,000 BTC, hence a much greater potential for price growth in the future, if the demand continues.

https://image.ibb.co/cCPgXm/bitcoin.jpg

kendra1107

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Quote from: rockyshala on November 15, 2017, 07:43:57 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

Because of it's current value and of all the craze that's been going on, people are now more aware of the BTC phenomenon. And so more and more are trying to get into the scene trying to get hold of every little bit of BTC they could. Fewer are getting mined, and so more are rushing in to get some of those coins. It's similar to a panic buying in grocery stores whenever some kind of event will or is taking place.

Macai

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Quote from: rockyshala on November 15, 2017, 07:43:57 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

That's the reason why the demand for bitcoin is increasing. I am Letty sure that people nowadays has been interested with bitcoin because of its unstoppable and very unstable price. Bitcoin is the strongest cryptocurrency nowadays and one of the most trusted investment.

pikebu

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Quote from: rockyshala on November 15, 2017, 07:43:57 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 has many benefits than another instrument of investment like gold, silver and other Precious metal, it is easy to be used for payment options, bitcoin has total supply just 21.000.000BTC around the world and bitcoin can protect the values of our asset from inflation and still many other benefits of bitcoin, because of it, demand of bitcoin from the investors, users and other has made bitcoin's price always be expensive time by time in the future.

Kelvinid

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Quote from: Rozita on November 15, 2017, 06:40:29 PM

Quote from: Momoamzad on November 15, 2017, 06:28:17 PM

People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

Yes, I completely agree with you. But it's not that easy to risk for everyone as there is no guarantee that the price rise will continue.

You have your point.Although bitcoin had experienced drop-off this past few days,but still it will rise back again.So the moment you invest in bitcoin,make sure to be patient all the time because not at all times bitcoin is in high price.But i do have high hopes in bitcoin that i can be rich someday with bitcoin.

Reid

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Investment.
I do think that is one of largest percentage when it comes to reason why you would buy bitcoin. That also spikes the demand.
Not all of us can invest in a way we want it to.
In banks there is too much informations about us that needs to be input.
What else? Documents. A lot of paper works. I dont like that.
I would rather stay with bitcoin. Simple and easy. You can even remain anonymous but for the expense of limited bitcoin that be hold or be withdrawn.

dns

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If you want to invest and save money the possibility is unlimited, but we know (looking back) the bitcoin is a good investment therefore many peoples use and hodl :-)

Rozita

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Quote from: Momoamzad on November 15, 2017, 06:28:17 PM

People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

Yes, I completely agree with you. But it's not that easy to risk for everyone as there is no guarantee that the price rise will continue.

crytomusica

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Quote from: sunno330 on November 15, 2017, 11:51:40 AM

Quote from: btcprospecter on November 15, 2017, 11:38:37 AM

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Well, what was the price of Bitcoin in 2010 and now how much Bitcoin is worth in 2017! Which is beyond thought, nobody can think, that is, beyond imagination.

Yeah. it is almost impossible to guess what will be in the feature.

Momoamzad

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People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

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