"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. New forks need new programming and security, which makes the system more sophisticated. This adds value – and price rises in response."
I agree with the quote of the article. I would like to add a little bit of my opinion that the hard work of the development team that makes the bitcoin system (which uses blockchain technology) provides something other than the others, offers a system that has never been owned by anything else. from that then there is a public trust in bitcoin. in addition to limited stock, the existence of this trust (that bitcoin has value) then comes the demand.
Topic: Why is there such demand for Bitcoin? - page 3. (Read 2640 times)
Bitcoin demand is high due to many reasons and current situation demand is due to Bitcoin's familiarity among different people and different countries. The fact is, most of the people don't like banks and the way governments govern currency and this is the success of Bitcoin since the former section people who hate banks and love to use future technology adopting Bitcoin.
As bitcoin is the king of cryptocurrency, so it has been getting a lot of investors attention. Its popularity has been increasing rapidly.
Why is there such demand for gold? Similar to bitcoin, there is only a finite amount on earth - not all of it has been mined yet but it's getting harder to mine than it has been in previous years.
Other than gold's function in circuitry and maybe it's antibacterial function as a filling in your tooth, it's not all that functional. It's main quality is that everyone agrees that it's worth a lot, therefore it's worth a lot.
Bitcoin is similar in that it is only valuable if everyone agrees that it's worth a lot. It's not the fastest or cheapest for transactions, it's not anonymous and it doesn't have built in smart contracts, however it's the one that most people agree will hold it's value.
Other than gold's function in circuitry and maybe it's antibacterial function as a filling in your tooth, it's not all that functional. It's main quality is that everyone agrees that it's worth a lot, therefore it's worth a lot.
Bitcoin is similar in that it is only valuable if everyone agrees that it's worth a lot. It's not the fastest or cheapest for transactions, it's not anonymous and it doesn't have built in smart contracts, however it's the one that most people agree will hold it's value.
Therefore, there is no financial confidentiality in the full sense of the word in the Bitcoin block chain. If you do not make changes, this can be cause for concern.
There a good deal interest for bitcoins for an easy reasons that bitcoins offers arrange to everyone whose into this cluster. theres a substantial live of declarations that bitcoin actually modification their lives from being poor to possess lighten their ways for living. a substantial live of bitcoin money specialists secures a significant profits for his or her speculation that creates bitcoin thus standard able to all bitcoin aficionados. Since, bitcoin shoppers profited to the present digital currency, Associate in Nursing ever increasing range of people required to full-fledged what produce other bitcoin shoppers involvement throughout lifestyle.
The indigenous demand is built from it creature a habit to heritage funds and a mannerism to send funds anywhere in the world without relying not far and wide off from a bank or meting out. It appreciated through the years which make it more tempting for people to invest on the subject of a decade now into the future bitcoin was introduce and for a long era it prove to be a pleasing asset to reserve this most likely the defense why taking place to this become pass-fashioned the request of bitcoin continue to ensue.
because the value keeps increasing
I think it is because of the high possibility of your coins growing to yield very high profits in a very short thing. And also it's a decentralized currency which is what got me interested.
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
a lot of people are enticed and interested with bitcoin investing because of the high profits one can get through investing. And there are people that are interested with the technology behind bitcoin's creation so they invest in order to support it. And there are people that invest for tge future, they think bitcoin would be the future od currencies and so they don't want to be late in line. Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login
Because of people are trying to bypass the tax and 3rd party in a transaction, they choose to get paid and pay via Bitcoin.
The high price of Bitcoin is dictated by its demand for some reasons, most likely people buy Bitcoin mainly for investment while others buy BTC to be used as payment, the main purpose of buying BTC.
Because people needs easy money and earning bitcoin will give that opportunity to us despite the fact that bitcoin is not stable on price more and more people, especially investors are getting interest in it. Of course bitcoin is also a good, fast and alternative way for money transaction.
From the moment of appearance on the crypto-currency market and up to the present day everyone is watching the significant growth of the first virtual currency. And often the question of whether to buy Bitcoin or not, simply does not even arise. But this approach can not be considered correct in all cases, without exception.Initially, when Bitcoin was only being created, the limit number of its coins, which could be issued - 21 million, was clearly defined. And it is not difficult to assume that with such an active currency mining, very soon its issue will come close to this indicator. What happens after this is unknown.
Also, a strong argument against bitcoin in the issue of the security of your virtual money with the loss or theft of a coin to you no one will return because it is not possible for someone to prove something and return.
People are getting to hear more about bitcoin and understanding how bitcoin can make one rich.with the fact that no one will not want to be rich, even the rich wants to be richer. They took interest. And for the fact that there are many jobless youth in the world. Some are willing but couldn't help themselves. And with bitcoin the problem is solved.
There a great deal interest for bitcoins for a straightforward reasons that bitcoins offers plan to everybody whose into this group. theres a considerable measure of declarations that bitcoin truly change their lives from being poor to have lighten their methods for living. A considerable measure of bitcoin financial specialists secures a major profits for their speculation that makes bitcoin so popular ready to all bitcoin aficionados. Since, bitcoin clients profited to this digital currency, an ever increasing number of individuals needed to experienced what have other bitcoin clients involvement throughout everyday life.
Bitcoin has the track record of value increase since it was developed and it has made so many people rich. Bitcoin is a first popular digital currency that is making headlines every day around the world. The demand for bitcoin is higher than supply because bitcoin has a limited supply which is 21 million, so this will further make the value increase.
Yes the increasing price of bitcoin and the profit that bitcoin has already given to people can be consider as the reason for the increasing demand of bitcoin. In fact bitcoin has the ability to make people more rich if the price of bitcoin goes up, which is more probably will happen in near future may be in next few week, that is why people have again started investing money in bitcoin. 
Bitcoin has the track record of value increase since it was developed and it has made so many people rich. Bitcoin is a first popular digital currency that is making headlines every day around the world. The demand for bitcoin is higher than supply because bitcoin has a limited supply which is 21 million, so this will further make the value increase.
Yes there has been a rising demand for Bitcoins. The reason lies in special features of Bitcoin software and underlying concept. Some of the special features are:
1. Limited supply
2. Divisibility
3. Decentralised
4. Bitcoin Mining
1. Limited supply
2. Divisibility
3. Decentralised
4. Bitcoin Mining
Jump to: