Topic: Why is there such demand for Bitcoin? - page 22. (Read 2640 times)
The demand for bitcoins was due to the fact that people seeing its rapid rise in price, tried to get super-profits from raising its rate and invested in it. From this bitcoin again grew in value. So he was really pumped up like a soap bubble that would one day burst. Now, because of the actions of the bitcoin cash team, it is adjusted in price and, perhaps, it will not be inflated at such a rate.
Yeah i've been wondering why so much demand for Bitcoin vs others.. but I guess it was one of the first and many people know about bitcoin specifically if talking about cryptocurrency.
Bitcoin is the first of the crytocurrency and it is well positioned for digital currency that our financial system needs. Bitcoin saw a problem and was able to solve it. I am very sure that Satoshi may not believe this crytocurrency era may ever become a global issue much more that it will now become an international issues that economies of the world are likely afraid of.
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
The continuous growth of demand for Bitcoin is not very surprising at all. During the early years of Bitcoin, only a very small number of people know what Bitcoin is and still the price is increasing. Now that the awareness about Bitcoin is rapidly spreading, it is inevitable to monitor the overflowing demand for Bitcoin. Those who invested early were so lucky indeed. And now that the price is high, still many people are trying their best to gather more Bitcoins. The demand for Bitcoin is cannot be suppressed now.
Bitcoin attracts users that don’t want banks and governments to control their money. That is why bitcoin was in demand..
Bitcoin can help people to somehow manage their financial situation better. It won't make difference in countries where people are hunting for food and hardly use money but in some developing countries it can really make a difference. Google also has started it's own wallet in India (not bitcoin wallet but fiat) because of the need. There's a demand for easy money management and we're at the beginning, we have only a few options now to choose from (bitcoin is one of them) but we still need to wait more. Bitcoin will be a major player in this market if governments don't ban it globally. Today it seems that they are just trying to regulate it, because they see some potential in it (hopefully).
Since bitcoin started digital market people were able to learn the possibility of having crypto in our economy since then they were able to established trust to this currency. It appreciated through the years which make it more interesting for people to invest almost a decade now since bitcoin was introduce and for a long time it prove to be a good asset to hold this maybe the reason why up to this time the demand of bitcoin continue to grow
Bitcoin attracts users that don’t want banks and governments to control their money. That is why bitcoin was in demand..
it easiest big money they made on their lifes,lucky (or deserved) to achieve this because they trusted on Bitcoin since its beginning.
because after every trx bitcoin is getting burned and due to loss of so much private keys, demand is ever increasing because it is father of all currencies and it is base currency of all exchanges over the world
Yes there is such a demand for bitcoin , it is because of some reasons, Bitcoin has become a scarce commodity because there is a limited supply and fewer mined each year. 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. That is why bitcoin was in demand.
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. 
What do you mean why? Cause people want to get rid of the banks, enjoy advantages of decentralization and finally MAKE SOME MONEY.
Plus BTC s cool, way cooler than Paypal or credit cards.
Plus BTC s cool, way cooler than Paypal or credit cards.
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.
Bitcoin is in demand as an investment with a potentially unbounded upside and almost no downside (right now).
Now that I think about it, it is more like a rare painting than gold. It has a well defined supply.
An art investor pays millions for a painting in expectation that in 10 (or so) years, someone will pay more.
So the type of people who invest in fine art are starting to invest in Bitcoin.
Like fine art, it has no intrinsic value.
Now, the downside seems to be extremely limited because of all of the new money flowing into bitcoin.
This is money from very sophisticated investors.
What is the upside?
Unknown.
People who should expect to get rich in 1 or 2 years will probably be disappointed.
Now is not the time to sell though.
Now that I think about it, it is more like a rare painting than gold. It has a well defined supply.
An art investor pays millions for a painting in expectation that in 10 (or so) years, someone will pay more.
So the type of people who invest in fine art are starting to invest in Bitcoin.
Like fine art, it has no intrinsic value.
Now, the downside seems to be extremely limited because of all of the new money flowing into bitcoin.
This is money from very sophisticated investors.
What is the upside?
Unknown.
People who should expect to get rich in 1 or 2 years will probably be disappointed.
Now is not the time to sell though.
For me it is not a big surprise.
A lot of people are trying to earn on the Internet, and mostly unsuccessful.
I can share my own experience.
I tried before many different ways in order to earn on Internet, like revshares, Forex, MLM etc. but everything failed.
With bitcoin I'm finally earning my first money online.
I guess it's the same for many other people here.
People buying bitcoin because they are hoping to make money.
A lot of people are trying to earn on the Internet, and mostly unsuccessful.
I can share my own experience.
I tried before many different ways in order to earn on Internet, like revshares, Forex, MLM etc. but everything failed.
With bitcoin I'm finally earning my first money online.
I guess it's the same for many other people here.
People buying bitcoin because they are hoping to make money.
People want to get rich... I think it's really that easy.
And when it comes to bitcoin, they have a pretty good chance to be successful.
When we look how few people only came in touch with it until today and compare that with the price we have already reached, that gives hope that this might really be the way to become wealthy.
Nearly 80 % of the bitcoins are already mined, and a lot of their owners are long term holders.
That means the other 20% must be enough for the rest of the world. I think that is why many people think: Better get one while you still can!
And when it comes to bitcoin, they have a pretty good chance to be successful.
When we look how few people only came in touch with it until today and compare that with the price we have already reached, that gives hope that this might really be the way to become wealthy.
Nearly 80 % of the bitcoins are already mined, and a lot of their owners are long term holders.
That means the other 20% must be enough for the rest of the world. I think that is why many people think: Better get one while you still can!
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
People will invest where they make profit. It's the same in BITCOIN, stocks, real state, gold or any precious metal. Take for example a stock, the price will skyrocket when the company announce good report or something like a dividends. Similar happened to bitcoin during fork announcement.Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Just the fact that it reaches amount we didn't expect to reach before then definitely people will be interested on it especially now that it proven by many how really possible it is for us to earn and have some business too, its the future crypto that will be used by many businesses soon.
so this is really in demand just because for some speculation of the price that can reachable by it is so shock by the others so when they know that bitcoin can reach on that price it is now indemand cause first they want to have a huge of profit.
The miner side is pretty much saturated with those that already profited with some other rushing into with existing and newer rigs, still this phenomenal is not well justified for its current price. I think what contributes is the nature of bitcoins for being trade-able and exchangeable into fiats, along with medias reporting how well bitcoin is doing and why they should join like a sort of gold mining rush, and soon enough people are settled down, with their assets here and considering the cryptocurrency ecosystem still young and unregulated. We are expecting profits and the demand would continues for years until a bright future is seen.
Because Bitcoin turned into a very profitable investment (maybe the most profitable investment in the world accessible for anyone), because is looking for new ways to make online purchases and have seen the potential of the digital currency and many other personal reasons, but the mainly one is the fact Bitcoin is very profitable and people want to grow their money fast.
Since Bitcoin was created some people have already became rich or millionaires just by holding it. The easiest big money they made on their lifes, it's like winning on the lottery and only few people were lucky (or deserved) to achieve this because they trusted on Bitcoin since its beginning. When people tell their success stories to others it makes everyone believe the same can happen to them, so the demand increases instantly and with "proof of work" it increases even more and faster.
Since Bitcoin was created some people have already became rich or millionaires just by holding it. The easiest big money they made on their lifes, it's like winning on the lottery and only few people were lucky (or deserved) to achieve this because they trusted on Bitcoin since its beginning. When people tell their success stories to others it makes everyone believe the same can happen to them, so the demand increases instantly and with "proof of work" it increases even more and faster.
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
People will invest where they make profit. It's the same in BITCOIN, stocks, real state, gold or any precious metal. Take for example a stock, the price will skyrocket when the company announce good report or something like a dividends. Similar happened to bitcoin during fork announcement.Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Just the fact that it reaches amount we didn't expect to reach before then definitely people will be interested on it especially now that it proven by many how really possible it is for us to earn and have some business too, its the future crypto that will be used by many businesses soon.
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
People will invest where they make profit. It's the same in BITCOIN, stocks, real state, gold or any precious metal. Take for example a stock, the price will skyrocket when the company announce good report or something like a dividends. Similar happened to bitcoin during fork announcement. Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
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