Why the bitcoin price doesn't stop rising? - page 4.

Spendulus

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Quote from: Snixer on November 25, 2017, 07:06:57 PM

The price keeps growing because every single day new people get interested enough, by word of mouth or media coverage, to buy bitcoin.

I think we will probably get another price correction before the end of the year, it seems like the price is growing a little bit too fast and people will want to grab profits before the holidays in my opinion.

That was the traditional idea of "investment," it was measured by fiat in and fiat out. But now with Bitcoin, we may see value not moving back to fiat. It may move sideways into other crypto coins, but not back to fiat.

At least in fair part.

boboking

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Quote from: zarados on November 25, 2017, 06:42:14 PM

Hello all.
About my question I think it's because most people believe that bitcoin will become more valuable in the future. That's why whenever the price drops, they buy even more, so the buyi wall will always be bigger than the sell wall. so that's why the price keeps going up and up. If you think about this, please let me know.

Yes this is true this is just the basic law of supply and demand. More people are buying bitcoin than selling it. I can see the price rise up more in the future.

shursight

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It can easily be answered, bitcoin will never stop going up because everybody knows the real potential that it has, governments are staing behind right now.

Just look at the facts, everytime that a bank, or just a government from a country decides to say something against bitcoin or X altcoin, the price will only go up, or maybe it tends to go down for a little but then it will recover as soon as it can.

I would never lose my faith on cryptos, and less on bitcoins, because i know that this is going to be the only useful thing that we are going to have in a few years from now.

But yes, it is only increasing because a lot of people are introducing themselves on bitcoin right now, and it would not stop just now.

ToTheMoon$

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Quote from: zarados on November 25, 2017, 06:42:14 PM

Hello all.
About my question I think it's because most people believe that bitcoin will become more valuable in the future. That's why whenever the price drops, they buy even more, so the buyi wall will always be bigger than the sell wall. so that's why the price keeps going up and up. If you think about this, please let me know.

Why it wouldnt ? Daily there's more people using bitcoin, and market supply and demand make it rise.

FlightyPouch

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Quote from: zarados on November 25, 2017, 06:42:14 PM

Hello all.
About my question I think it's because most people believe that bitcoin will become more valuable in the future. That's why whenever the price drops, they buy even more, so the buyi wall will always be bigger than the sell wall. so that's why the price keeps going up and up. If you think about this, please let me know.

Bitcoin's price depends in the what said "demand and supply", as you have said most of the people think that it will become valuable in the future, making them buy this digital currency when it drops that said, the demand of bitcoin is very high.

I am thinking the same and I think it will continue until next year. A lot of people are expecting a $10000 price so expect an unexpected price next year.

Bolt Brownie

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Well, whether banks and governments like it or not, bitcoin is getting more and more popular, and the demand for this cryptocurrency is increasing. We keep having more media coverage about bitcoin, it's price and marketcap is way to high be ignored, and even banks that said that BTC was a fraud, are now stepping back and will probably offer that their clients and investors are asking, and that is bitcoin.

I don't think anything really important happen, otherwise we would probably see a much larger rise in the price. This is just normal adoption in my opinion. If some big news regarding regulation or adoption happen, or the scalability problems get solved etc, then we would see a much larger movement. I actually think bitcoin is stable now, and is just taking its time to consolidate, and is preparing itself for the creation of bitcoin futures in the institutional markets.

Avity

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Quote from: zarados on November 25, 2017, 06:42:14 PM

Hello all.
About my question I think it's because most people believe that bitcoin will become more valuable in the future. That's why whenever the price drops, they buy even more, so the buyi wall will always be bigger than the sell wall. so that's why the price keeps going up and up. If you think about this, please let me know.

Increase of demand through pure knowledge of bitcoin's existence to a new potential buyer is the main reason in my belief of why it rises.

Snixer

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The price keeps growing because every single day new people get interested enough, by word of mouth or media coverage, to buy bitcoin.

I think we will probably get another price correction before the end of the year, it seems like the price is growing a little bit too fast and people will want to grab profits before the holidays in my opinion.

HasHe

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More people have now started to see it as a high return giving investment.The buy wall for bitcoin will be always higher because more countries are in a stage to legalize bitcoin and more companies even like amazon discussing to accept bitcoin payment.More people are getting aware of bitcoin's potential and they don't want to miss the golden chance anymore.More over,people have now lost their fears about hard forks that bitcoin would be replaced.So,bitcoin once again goes unstoppable.

Alns

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Yeah of course, bitcoin is getting expensive because a lot of people are now investing in bitcoin because they saw that it was a gold opportunity to make some easy money.

They can just deposit money in bitcoin, wait a few weeks and now they have more than 30% profit from their initial investment, and if they keep that money in there, they are going to earn more because bitcoin is going up so fast.

A lot of people doubled, or tripled their money during this year, and that is amazing, because bitcoin is getting more adoption at the moment, and this will make it keep going up for some time until it reaches more than twenty thousand dollars.

farhaan

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The main reason for the price increase is the increase in demand for bitcoins as it is getting more media exposure nowadays.People all over the world have found bitcoin to be the best investment ever since it is totally free from government hands,gives very huge returns in very small span of time,totally secure and could be easily transferred all over the world.So whatever critics say,people turn a deaf ear to them and just continue to buy more bitcoins.

Emoclaw

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The simplest technically correct answer would be that the demand for Bitcoin didn't stop rising, thus the price followed suit.
There are numerous reasons as to why this is the case. Some of them being significantly increased media coverage, and a move towards fixing Bitcoin's scaling issues. Actually I think those two reasons are the most important ones for the ever rapidly increasing Bitcoin demand.

zarados

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Hello all.
About my question I think it's because most people believe that bitcoin will become more valuable in the future. That's why whenever the price drops, they buy even more, so the buyi wall will always be bigger than the sell wall. so that's why the price keeps going up and up. If you think about this, please let me know.

Topic: Why the bitcoin price doesn't stop rising? - page 4. (Read 2000 times)