Why the bitcoin goes up so high? - page 2.

Burks

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Quote from: audrey12 on October 13, 2017, 02:04:46 AM

I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.

Absolutely that is the fact many people started to get the knowledge of bitcoins and its profit level so they want to invest their money into bitcoins it causes increase in demand which makes bitcoin price goes up higher.I think the price will go up higher and higher when all peoples know about cryptocurrency.The bitcoin price is mostly depends on the technological devolopment and investment in bitcoin.
In this modern world many people are familiar with computers and internet which attracts them towards go cashless one of the way is digital currency.That means many people started to use bitcoin which causes the price keeps increasing.
When more people start to invest on bitcoin means holding bitcoins which makes it more demands which also increases the price.

usekevin

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Quote from: ASHLIUSZ on October 13, 2017, 10:14:01 AM

We're to travel long. What we are experiencing is the gradual growth that takes place with the growth happening in the user network. In future it goes further high and in my thought the current price pumping is all because of the adoption that happened during the year. The same when make more countries into it the price will be growing much higher than the present.

Correct buddy.Current price of bitcoin is not stable one.It take much more time to travel a miles.Since many people start to inverse in bitcoin now,you may see any peak value at this October end.It's true.Even Japan fully get in to bitcoin,the mining process will be easy and High value you may in this November.

michellee

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i think its because bitcoin is now become famous, people in out there spread news about bitcoin and makes people curious with bitcoin and some of them have big money and then they decide to try to buy bitcoin. while they are many people is buying bitcoin, the price is still up and down and we can see the price is up so high for now and makes other people thinking that bitcoin is too expensive for them. and yes, bitcoin is attracting many people now and they are trying to get involve in bitcoin world before its too late for them.

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Quote from: Clairvoyance on October 13, 2017, 08:20:47 PM

Supply vs demand. That causes the bitcoin prices to go up. As what I have read the cap of Bitcoin is 21 Million and its users keeps on growing. Meaning, the price might soon reach new level due to the number of user still increasing but the supply remains at 21 Million.

mostly fomo lol. Supply is not 21 million yet btw.. theres as of writing this 16,621,387 BTC in circulation

Clairvoyance

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Supply vs demand. That causes the bitcoin prices to go up. As what I have read the cap of Bitcoin is 21 Million and its users keeps on growing. Meaning, the price might soon reach new level due to the number of user still increasing but the supply remains at 21 Million.

carriebee

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Quote from: audrey12 on October 13, 2017, 02:04:46 AM

I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.

This is the most reasons why bitcoin price goes up high these days because of increasing its demand. And attract more users, investors. Bitcoin has become spreading its awareness globally that people/users grab the chance to invest with its value that high and we as users could possibly earn huge profit.

wxxyrqa

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Quote from: atjiat on October 13, 2017, 06:10:03 PM

Quote from: ?? on ??

You can read a lot of things in the public press and while Goldman Sachs has announced that they will start the bitcoin trade operation, JP Morgan said that it is the biggest scam in history.

Fact is the more people are getting aware about bitcoin and want to use it as a payment method or invest in it, the higher the price will rise because the number of bitcoin is limited. This is the basic law why the price finally will continuously rise.

I also heard many times that there is an opinion that a refutation of this idea or for confirmation, but nevertheless I want to say that if there is an opportunity today to earn on the crypto currency, then it can be used.

I think that if it was Vera, the new educated people would have long understood that this is so. Therefore, it is not necessary to breed vainly untruthful information. Bitcoin is a currency based on What will be built a new financial system of the world.

atjiat

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Quote from: ?? on ??

You can read a lot of things in the public press and while Goldman Sachs has announced that they will start the bitcoin trade operation, JP Morgan said that it is the biggest scam in history.

Fact is the more people are getting aware about bitcoin and want to use it as a payment method or invest in it, the higher the price will rise because the number of bitcoin is limited. This is the basic law why the price finally will continuously rise.

I also heard many times that there is an opinion that a refutation of this idea or for confirmation, but nevertheless I want to say that if there is an opportunity today to earn on the crypto currency, then it can be used.

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Quote from: yugyug on October 13, 2017, 11:48:40 AM

2 .The upcoming fork - most bitcoin users are expecting some free coins of 1:1 ratio for upcoming fork of BitcoinGold this October 15, that's why they try to hold more coins hoping that they will receive free coins, This is what happen from the latest fork of BitcoinCash, and now that they are aware for the same scenario, so the demands were high.

Likely this event is somehow gets the most percentage why we are in the current price today, I believe. There are lots of crypto users who got benefited in the last fork because of the free money out of it and now awareness of it grows more that's why others takes an action too and joined the hype resulting an increase in the usual demand.

Now let's just see how the price will behave after the fork, will the price maintained the momentum or expect a hard dump after that event.

yugyug

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The high inflation rate of bitcoin is the effect of the law of supply and demand. In this year these are the market influence of bitcoin why the price is high:

1. Japan - as they serve the bitcoin as a legal tender thus triggering more demand from Japanese community where it will be traded for merchant and retail store. Lately this month they approve 11 crypto exchange platform that will operate legally in Japanese territory as they absorb the China's ailing trading activity where they allegedly forced to shutdown for some conflict regarding legal policy.
2 .The upcoming fork - most bitcoin users are expecting some free coins of 1:1 ratio for upcoming fork of BitcoinGold this October 15, that's why they try to hold more coins hoping that they will receive free coins, This is what happen from the latest fork of BitcoinCash, and now that they are aware for the same scenario, so the demands were high.

Izarok

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Quote from: mk4 on October 10, 2017, 09:30:25 PM

In theory, bitcoin should go up simply because of the very low supply of 21 million BTC and it's increasing demand.

Recently though, bitcoin is going up fast probably because of the upcoming bitcoin gold fork (25th October 2017). People hoping that by holding bitcoin, they're expecting to sort of "double" their investments or receiving "free" money due to them receiving bitcoin gold after the fork, as they're somewhat expecting this fork to go the same way like the recent BitcoinCash fork months ago.

It's all about supply and demand. The prices are too high today because the supply is only 21 Million and the demands is way too much. Also, the fork is what causing this spikes in prices. Whether the prices go down or high depends upon what will happen to bitcoin gold fork.

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We're to travel long. What we are experiencing is the gradual growth that takes place with the growth happening in the user network. In future it goes further high and in my thought the current price pumping is all because of the adoption that happened during the year. The same when make more countries into it the price will be growing much higher than the present.

Best Dreams

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Quote from: pranaja on October 10, 2017, 09:19:56 PM

Bitcoin prices are determined absolutely by the supply. If many buy Bitcoin, then the price will rise and also apply the opposite,
when someone buys or sells Bitcoin in a great price, then the price will move in the extreme. Bitcoin price volatility will be dampened if Bitcoin users more and more and the number of Bitcoin spread also higher.

Well I think it depend on business ratio because day by day investors and daily trader are going to increase and I think that can be the first reason and secondly most of the powerful countries have already accepted bitcoin so he demand of bitcoin is also increased now a days and bitcoin is now stable and stronger than ever in market people believe and trust in it.

audrey12

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I think bitcoin value goes up because of increasing demand in bitcoin, there are many people who are now starting to adopt the digital currency, they got interested in earning bitcoin and since many are investing in bitcoin the supply must provide for it that is why they adjust the value so that they can sustain the increasing demand.

richkellj

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Quote from: pranaja on October 10, 2017, 09:19:56 PM

Bitcoin prices are determined absolutely by the supply. If many buy Bitcoin, then the price will rise and also apply the opposite,
when someone buys or sells Bitcoin in a great price, then the price will move in the extreme. Bitcoin price volatility will be dampened if Bitcoin users more and more and the number of Bitcoin spread also higher.

Increase in demand is what causes the increase and not increase in supply. If supply was higher than demand, then we see the value decrease, but if demand is much higher than supply, prices will shoot up and people will be ready to buy at any price they see considering it as the best price at that moment. Just the usual law of supply and demand.

When wealthy people start considering bitcoin similar to gold to store their money then we can see bitcoin prices start flying. At least 5% of world's equity funds are more than enough to make bitcoin prices to test millions.

ivrynx

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there are a lot of factors that helped increase the value of bitcoin, we have japan's endorsement of 11 exchanges and trying to lead the world in using cryptocurrencies and investing on bitcoin, then countries like india that recently legalized bitcoins, russia giving support to bitcoin and still having a lot of miners, i think the disruption on europe also contributed, since people will look for ways on how they could survive financially and bitcoin is the best solution they had found.there is also the publicity of bitcoin that helped in its popularity, if we look back when jamie dimon bad mouthed bitcoin, though it is a bad publicity, it is still publicity and with that, we can say that a lot of people just got curious with what he said and tried it, i think his plan just back fired, since more and more new investors are into bitcoin right now, i think the are investing since they have heard of bitcoin gold and the november's fork, since they will have extra cash if they had invested. we should also consider the volatility of bitcoin that's the trait that had given bitcoin its value today and will give bitcoin a much higher value soon probably around 7000 usd by the end of this year.

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Quote from: kalawang on October 10, 2017, 09:40:25 PM

Quote from: MediBloc on October 10, 2017, 09:09:38 PM

Recently, the price of bitcoin went up high.
Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation.
What do you think of the most influential reason for making the bitcoin price high?
Plz share

No doubt but one thing that i know is becuase many rich man and billionair people investing in bitcoin so that's why the value of bitcoin is continiously to increase yes and many country approve that bitcoin is legal in their country.

Well, we can say most of them are beginning to see the value bitcoin is bringing and the fact that it is becoming more grounded than we use to have it since the support is growing by the day.

The IMF woman recently stated that it is very necessary for the upper houses not to deny the fact that the blockchain technology has brought something different that is impossible to stop and the more they keep an open eye now the better.

jackhdt

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most people's opinions Bitcoin prices rise because of the upcoming fork. they want to get free coins ( bitcoin gold) on Oct. 25 . And me too Grin

Rana590

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I think the price of Bitcoin depends on the demand of it. If there is huge number of buying then price get high. Besides of it when the number of holder is increasing, the price of bitcoin also increase. Sometimes it hepend for different reasons.

Burks

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Quote from: MediBloc on October 10, 2017, 09:09:38 PM

Recently, the price of bitcoin went up high.
Someone says it's because Japan gave an endorsement to the 11 cryptocurrency exchanges or some people say it's because Goldman Sachs announced that they will start the bitcoin trade operation.
What do you think of the most influential reason for making the bitcoin price high?
Plz share

I think the bitcoin price is mostly depends on the demand of bitcoin,when the demand of the bitcoin increases the value will also increase.The usefulness and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features. This guide discusses the most important factors that lead its users to consider Bitcoin to be valuable.So invest on bitcoin before its too late.I am also trying to hold my bitcoins for future purpose.

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