Bitcoin Forum

At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.

Come to think that bitcoin was never intended to have some value on  the first place but rather it is sole create on having that p2p transaction in between users and it turns out that it did really make out some significant

fiat value is just because of the demand or the community had decided to trade with it and those early speculators had really presumed and treated it as some sort of online currency which is actually it is.

Price wont really be affecting on how it do functions and no matter what the value is then real use case would be still the same.

observing the world economy and the very impact of the Covid crisis on her, there was general confusion. shortage of some resources and reduced production caused serious shifts in the value of some services. Bitcoin has proven to be one of the more stable investment potentials here.
as far as I remember, after a long time of stagnation and movements in the value of Bitcoin in a certain range, this growth has practically begun with the official declaration of a pandemic and the introduction of the first control measures (lockdown)

Who says that Bitcoin's value is not speculated? But this doesn't make it unnatural. Bitcoin's price is not controlled by some small group of individuals.

Currently it gets more and more recognition as a store of value, so it's reasonable that it s growing. Demand is growing as more people realize that it useful for them, so there's nothing wrong with the fact that the network itself didn't go through some major changes.

Speculators are one of the reasons why the price often come and go. They were investors but due to different factors circulating in the market including hype and fud the price would really vary. And look at the price right now, I could never believe it would work like this way and it seems that my worries just flew away.

This is clearly going to break a new ATH and soon before the year end the $70k is just around the corner. I think it's because people are anticipating the result of SEC's approval.

Look around and if you have a fundamental analysis you will find out that Bitcoin price moves and has an effect depending on our economic movement.
There's a lot of good news that happened on Bitcoin recently and that's might be the reason why Bitcoin price continuously plunged in the market, the possible reason could be Bitcoin can be used as payment online and since we're still in the pandemic, cryptocurrency as an alternate payment for any digital transactions.  So, therefore, Bitcoin was in the perfect timing of adoption and could be the reason has gained more value.

Plus another factor of demand and supply, of course, the price would be affected too and it becomes now more expensive in the market.  In fact, how many countries now announced Bitcoin becomes legal tender.

There are too many factors to consider and I can't input all here and discuss them one by one.  Instead, this was the most anticipated by most crypto enthusiasts and Bitcoin is now predicted to become $100k by next year.

Life is like bringing bitcoin to the peak of its glory, anyway so far Bitcoin has managed to get better from time to time, it is proven that its role is increasingly important for humans until the price continues to soar.
Here the natural fluctuation is sometimes surprising and unexpected, but that is Bitcoin with all its advantages and enthusiasts from all over.

It is very similar to the situation in container transport right now, the price of each container has risen 1000% since last year, because limited capacity and more goods waiting to be shipped before Christmas season

Bitcoin is just like a money container, when lots of money need to be transferred/stored using bitcoin, and there are just so many bitcoin available on market, then each bitcoin would cost much more to acquire.

Because if you still think that bitcoin is still solely for payments, then I don't know what to say. People in general are slowly but surely seeing the importance of bitcoin for holding value and to potentially escape fiat inflation. That, and of course, with the typical hype cycles due to heavy speculation. Seriously lol you've been here since 2016 you should know this already.

Let us temporarily put aside the thought that bitcoin is only useful to speculators.

I'd also say it's fair value at the moment if you look at its scalability. Bitcoin is also meaningful for business people and is an opportunity to expand their business since bitcoin adoption has increased massively recently in several countries. It's just that at this time speculators still dominate bitcoin ownership than actual business people and the majority of its circulation is on centralized exchanges.

Man, there are so many things. A matter of supply and demand, the first thing, the demand is growing, there are few bitcoin on sale of those that are already mined, and those that are mined per day are also not many for the demand that there is. If you add to that the fact that we have had no FUD news lately and bullish news like the Bitcoin ETF, it all adds up.

Another thing that is inferred from your post is that you consider speculation bad, and it is not. Speculation in most cases has moved the world forward, as much as we often hear a leftist narrative that speculation is bad. If today you have a mobile phone with which you have access to much more information than there was in the Library of Alexandria, it is partly thanks to speculation.

To be honest, there is really no set in stone way of using Bitcoin, I know it should ordinarily be an alternative currency to Fiat, but then again the fact that it can be used for more things other than that should be an advantage rather than the opposite as many people presume, individuals and organizations have found ways to benefit from Bitcoin and they are harnessing that, institutions for example are purchasing Bitcoin in a bid to escape inflation, many individuals are buying and hodling, some others are trading with it, etc, as long as the demand/value is growing as a result of all these, and all its users are comfortably "their own bank", then there is absolutely no problem at all.

It is an open truth that Bitcoin has become a speculative asset. There is nothing to hide about this fact. Bitcoin's volatility in general is probably due to the fact that it is being speculated about by investors and traders and whatnots. But all this does not necessarily come at the expense of the technology itself. Bitcoin is one amazing invention, and despite its shortcomings, it was not created as a joke or as a meme coin. There were serious issues out of which Bitcoin was created. The technology came prior to speculators. As a matter of fact, speculators are comfortable with Bitcoin because it represents something larger than the technology itself.

Well, you probably will be shocked if it had crossed $200,000 today after the halving but I actually prefer the price movements to be gentle and sustainable.
To be honest, I think it's worth above what it's currently worth because it's a unique technology that alots copy cats are based on.   And always have it in your mind that most/all of the copy cats are substandard version of Bitcoin. The original will always have higher quality until the minds behind it no longer develop it (or have been compromised/weakened) . That would require a replacement with people that share thesame original ideology and principles...this's part of reasons I stick with Bitcoin for now.  I haven't yet seen any decentralized thing in this space that can serve people in very difficult times without compromising on the good principles

Let me try to explain with an example; do you agree the price of gold around $1800 per ounce? Is it natural or just speculative? I believe it is both natural (due to demand) and speculative (as only trading decide the price and not the mining/production cost).

Similarly bitcoin prices are decided by speculators and traders based on expected demand and it becomes "natural" over the time along with real time demand.

In short, expected demand helps people to speculate about future prices and then "hype" helps to realize those prices to make "natural" or actual. So, bitcoin has its value today due to both speculation and demand.

Awww, again. It has value because there is a community of people that has decided so, a network worldwide that enables exchanging it, an underlying system with the right incentives and the right technology...  Now, ask yourself, why does a 100 USD bill have value? Because people trust it and because there is a community (USA) that accepts it as legal tender.

Why the change in price respective to other fiat? Offer and demand, there is no more to it. More people accept bitcoin, funds want to have it, countries accept it... less supply,... No need for a Elliptic Equation for this.

Well, it's because Bitcoin isn't solely a currency. It's also considered an asset and could function as one due to the natural limited supply that it currently has. It's speculated yes, but it's because people see value in it as a currency (and an asset) for the future. Its capability of being decentralized, away from the influence of inflation, etc, are all factors that investors and speculators use to judge whether they're worthwhile investments. And speculators attract their fellow kind, I mean who wouldn't go for something that could make profit right?

The price is not only about how it's performing. The price grows because of bitcoin scarcity and demand. As long as people/companies/countries will buy bitcoin as investment, the price is bound to rise. Also as long as mining is a commercial business and since the mining difficulty is rising, it's more expensive to obtain bitcoin than weeks/months ago, hence the miners will sell more expensive too.

But you do have a point, however: a speculation "component" of the price is (always) there. So I would not be surprised if the price will fall at some point under the current levels.

For me it was expected bitcoin was going to keep rising. Pay attention to the signs our society is showing right now. Governments don't know what to do to save the local economies, fiat currencies are breaking, banks keep oppressing average citizens and people want an alternative to preserve their financial life healthy. Bitcoin looks a good option, and then we have a chain of adopters which reaches to all spheres: individuals, businesses and even countries.

So you might ask why bitcoin and not an altcoin then. And I think the answer would be it's a matter of reputation and notability bitcoin has conquered.

https://pbs.twimg.com/media/E8s-3jsUUAAZVQt?format=jpg&name=small

A case could be made for bitcoin currently being the #1 inflation protected asset, in the world.

Gold as an inflation protected asset, is more of a boomer trend. Gold can't be exchanged for other assets as conveniently or easily as cryptocurrencies. Gold can't be stored, transported or secured as easily as crypto. BTC may have displaced precious metals as the reigning king of inflation protection.

In this era of inflation concern. Bitcoin's rising value could represent financial institutions, hedge funds, banks and whales around the world voting with their wallets that bitcoin is the best place to store wealth to protect it from rising inflation. It might require that high institutional volume and liquidity to offset bitcoin's historical 4 year boom and bust cycles.

     Well, it is what it is. No matter how much we are against the idea of bitcoin being used and seen as it is by the majority nowadays, there's too little to nothing we can do about it. Because something that people are used to is very difficult or even impossible to change. Also, if we think about the returns people are getting and are witnessing only sparks more greed. Let's face it, bitcoin is several times better than any other chiuces out there as a store of value and with the increasing inflation all over the world, there's just mo stopping the small and the huge holders.

Because people find it useful and profitable. Humans are known to exploit just about anything regardless of the consequences or whatever negative outcome may result from their actions. That is, unless they are the ones at the recieving end. Not saying that everyone is like so, but just emphasizing how almost everyone is like this. Just look around you, all the things that people do and ignore that bleeds this world and almost anything within it dry. And for what? Greed. So unless greed is controlled, expect no change how things are going. Bitcoin isn't exempted.

I would not say #1 and let me explain. On any asset you have to take into account the price relative to fiat and other things as well. One of these is the volatility. Bitcoin is extremely volatile up to the point of doubling in a week and the like. Some investors would argue that inflation is rarely 100% in a week, so bitcoin as a protection may not be effective in short periods of time and may not be the best for everyone.

What do you mean with "perform very well"? That many people are using bitcoins and there is an active market for them, or that the there is a lot of upside trading potential? There is no fixed value for bitcoins, it is not an asset that will reach it's true intrinsic value and is not going to rise or fall anymore. So saying bitcoins should stay at 6k or 30k seems wrong to me. All currencies tend to move in price if they are traded freely. I think that the value from bitcoins comes from its scarcity, we know that there is no unlimited amount of bitcoins out there. We are going to get less and less new bitcoins which makes the old bitcoins more valuable. That is why there is a long term upwards trend for bitcoins. To be honest we could ask the same questions about gold, why is gold so expensive right now? The price doesn't seem natural, but as long as people have a lot of free money they can pay what they want for the things they like. The same goes for bitcoins. Also we shouldn't forget that analysts said a bitcoin price above 100,000 USD is possible for 2022.

Currencies don't really change in value by themselves. They change with respect to each other. When everybody wanted USD to carry on the world trade, USD held value AND power. Still does and this is something that the Chinese want to change.

Bitcoin too is a currency but it doesn't belong to any government or country. It belongs to everyone. When everyone wants to use it to trade, speculate, transact or use as a form of collateral for lending/ borrowing, it ends up becoming valuable. OPs question is something that the Bitcoin community should continue to ask itself as well as contribute to.

Apart from the people who actually believe in Bitcoin's value, this is often a rhetoric question asked by the corporate/ PoS coins community who just assume that their "smart-contract platform" should have value because it "does something". They pull their hair out because whenever Bitcoin rises, most of these platforms initially go down in value. Thats a wrong comparison and it is advisable not to fall for it.

Honestly I could not get your point.
When bitcoin was trading around $6k and $30k, what makes you to assume that it was performing well?

Basically you need to remember the limited supply of bitcoin and its increasing demand. If you assume that bitcoin is staying at some price levels for some time then it is not only doing well but it keeps attracting new investors and adapters then you need to remember it may get bumped at any time due to its limited supply.

Not all the times, bitcoin is getting its natural price value but it also gets into bubble and then it will burst to make it a naturally valued.

Its original idea isn't going to ever happen unless the whole world adopts it. That's our bet. That's why you should hold it; because, based on the current adoption rate and the scenario where the whole world uses it as a global reserve currency, its market cap is going to blow up.

Who says such thing?  :P

I understand your confusion, it is usually hard to understand and a lot of people do question the price at times. Just take it that it relies on supply and demand. Exchanges are the ones who are setting the price of bitcoin, and this is usually determined by how much traders are ready to buy and sell the cryptocurrency, and it relies on the rate of supply in the market and the rate of demand which is the norm for everything; when there is a high demand and the supply can’t match, then you will see the price of that asset increasing in price to be able to match the level of demand.

Lastly, there are people who don’t like how volatile the market can be, and that has stopped them from making use of it. But that shouldn’t stop you, as long as you know what to do and have studied the market, this will even favor you.

Um....P2P transactions of what, exactly, if it isn't money?  The two books I've read on bitcoin and its creation make it clear that bitcoin was intended to be a form of money, and money has to have some purchasing power.  Therefore, if a brand new, groundbreaking form of money is created, it basically has to have its value (purchasing power) expressed in terms of what goods and services are priced in--and that's fiat currency, of course.  Long story short, bitcoin has always had a fiat price attached to it and that was inevitable.

OP, bitcoin is traded on exchanges and the driving forces of its price are supply and demand, it's that simple.  That's why we see these crazy price fluctuations, and it's why there's rampant speculation (especially at times like these, when the price has gone up a lot).

And let me ask you a question: If you were an average Joe on the street, working a 9-5 job and collecting a paycheck, do you think you'd have any interest whatsoever in bitcoin if its price remained stable?  That's a rhetorical question, and I think most of us know the answer.  Yes, bitcoin can function as a currency, but the vast majority of people are happy with using their debit cards, smartphones, or cash to pay for things, and they're not demanding an alternative to fiat currency.

Bitcoin itself is speculative and whoever says that it's not speculated then he probably never invested to bitcoin or still confused about the volatility it has. No one claims that bitcoin isn't speculative.
It's actually a fact that bitcoin is a speculative market and we're all living to speculations day after day. Its worth and value is based on the demand and as well as the news that surrounds it which is giving impact to its price.

Don't worry, you do not have to explain the value of bitcoin for too long. Eventually people will realize it has value because we gave it value and it is valuable because we said so and that is exactly how every single thing has a value. It is supply and demand, why does my chair has value? Why did the guy who made it charged me 50 bucks for it? Because I was willing to pay for it, and if not me then someone else would, and if nobody did, then he would be bankrupted, it is as simple as a chair.

You could do it with diamonds, it literally has ZERO value, compressed coal, nothing else, and we ended up with basically nothing at all, it is actually that simple. All in all, people who do not get the value of bitcoin right now, will get it in the future, we did, and we are not some super smart genius level people neither, at least I am not, so everyone else will as well.

From my point of view, there are 2 people its speculated if you know the deep side and if you have a piece of really deep knowledge in marketing and finance from stock and all people can apply that in bitcoin yes someone may say bitcoin in stock are different but for me it a bit of the same both are investments and a gamble. It's still different as bitcoin become a thing in the 20th century-plus stock are way before the 2000s.

For me there is a 30% chance, it can be speculated if you are up to date on news and again know everything in stocks applying the knowledge can really help you speculate the value in bitcoin. knowing stocks before bitcoin can really be an advantage.

----------------------------------------------------------------------


https://i.imgur.com/I5F7BwN.png


source: https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp (https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp)
Maybe people say it's natural because it's really natural if you look at the past value of bitcoin there is kinda the algorithm but likely the difference is that bitcoin become in demand.
 

The basis of all worthless goods, then comes a community that values ​​the goods, just like bitcoin the initial value of course is zero, but as the community grows and the adoption of bitcoin to various types of services and transactions makes bitcoin continue to be valuable, this is what makes the concept of decentralization very suitable for today.

I also do not agree if there are people who say bitcoin is not speculative. because bitcoin has always been a speculative asset. do not know for sure to make the price as it is today . it could just go back to 30k or even jump 120k . because this is a speculative asset. and so far the ones who always profit are bitcoin holders and believers.

It is natural that the demand for valuables increases, and this will necessarily lead to a rise in their price, the more people know the value of valuables, the demand will also increase, and this will lead to a rise in the price every time. Bitcoin was originally invented as a means of transferring money from peer to peer and was not invented for speculation but When people began to realize its great importance and value, the demand for it began to increase, and this led to a significant increase in its price.
This can also be likened to gold. Whenever there are major economic problems in any country and the local currency collapses, people tend to buy gold, and this leads to an increase in demand for it and a rise in its price.

Bitcoin is a speculative asset which makes it a good investment because of its given nature. However, we must remember also remember that there are external factors that determine its movement such as market demand and the movement of the whales in the market. The trend of Bitcoin's price depends on the two aforementioned factors and at the same time, the current season: bearish or bullish. The news about its legality in developed countries play a major role too in the price change.

You see, bitcoin has been able to withstand the test of time and it paved way to give more people another source of income before up until today. Bitcoin rose even more the moment the pandemic hit since digital transactions gradually creeped into our normal routines due to safety precautions. In addition, people looked at it beyond what it is. People took the opportunity to invest and see their money grow over time because they see its volatily as an advantage and something worth risking for.

Currencies have value because they can function as a store of value and a unit of exchange. Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand. The reason why bitcoin has value is because it is a very good currency for investment. Currencies have value like bitcoin because of the people who are still using it. Bitcoin is a currency but it does not belong to any government or country but, honestly speaking, it belongs to everyone. When everyone wants to use it to trade, speculate, transact or use as a form of collateral for lending/ borrowing, it ends up becoming valuable. Bitcoin became valuable because of the people believes in it, trust this and still using this. In short, Bitcoin has value because people think it does. They believe that it would be similar to gold in the future.

Honestly, that question could be asked for almost everything. Why do prices of real estate, guitars, consumer electronics, art etc. ballon, drop, rise and fall, and so on. There is much more to economics than just the superficial reasons, supply and demand, social movements, new concepts, and prospects for the future. All of that moves the needle, and is sometimes more volatile than others.

In the year 2021, after probably 10 thousand years of humanity, probably more but at least thats what we can go back to, how can people still not understand supply and demand? I mean even 5 thousand years ago, we had supply and demand mechanisms, you give me 20-25 chickens, I give you one cow? Sure numbers could be different, but we are talking about something that DID happen probably 5000 years ago.

And today, people still do not understand how something has a value. It is simple as that, supply and demand, there is a limited amount of bitcoin available in the market, and you get to buy them from the people who are willing to sell, most of the bitcoins in the world are stored in wallets, so only a smaller portion is left to trade, people want to buy it, they just want it, there is a demand, and that makes it valuable and go up in price. How hard is it to understand this?

The bitcoin price doesn't just show the price you will need to pay to buy the bitcoins it will also indicate the interest of people to this market like time after time you will see more people getting into this market and the price goes up in return, not just regarding bitcoin but the price of anything cames from supply and demand and regardless of limited supply since we can see bitcoin world spreading in all over the over it's normal to see such prices for each bitcoin.

Although bitcoin is currently around $63k, but this does not guarantee bitcoin will continue to be worth, this is because bitcoin has a decentralized concept so that the price goes up or down depending on the community, maybe the price will continue to rise because the community is getting bigger but we have to be realistic that one day bitcoins can be worthless.

If, in fact, greed is one of the greatest feelings that the majority have, the bad thing is that it is something negative, it makes many lose and others it makes them lose control of absolutely everything, in order to exploit everything, too, it is like taking every natural resource and plundering it, leaving it useless regardless of damaging it. Controlling greed on the part of others is a very difficult task, it depends on the conscience of each person, what you say is true but very difficult to combat.

Anyone that says to you there is no speculation in any market is lying to you or they do not know what they are talking about, the markets are for speculators, a transaction only happens when both sides speculate, one side believes the price will go down which is why they are selling, the other believes the price will go up which is why they buy, and why the price is going up? Because the demand has increased dramatically during the next months, it is as simple as that.

Lol you have contradicted yourself if you say one day bitcoins can be worthless because you didn't also give your reason for that allusion you made. But you have to understand that there is a financial digital marketing revolution going on creating an option to domestic currency. This is to say something going on that no body is able to stop it.

Many factors affect bitcoin value.
i) The Internation economic & political condition. If both show stability its value will rise.
ii) The legal development process of Bitcoin also affects bitcoin its value as the Russian Govt legalizes it. Then there was development in its value.
iii)Some epidemic diseases like Covid-19 also fell an effect on its value.
iv)The purchasing or sale on large scale also rises or falls its value.
v) Some good or bad news also fell effect on its value.
There may be some other causes like Gold price or stock market collapse etc.

There is no exact price benchmark for bitcoin, the law of the market is stock and demand that shape the price, currently the community and active bitcoin users continue to increase while the stock is very limited so that the price skyrockets, maybe one day bitcoin will be valued with a definite value such as gold or stocks.

How are you defining currency value? Currency value is relative but individually the inflation rates are not necessarily a monolithic which is going to cause currency to lessen in value. Japan's inflationary period was generally isolated many years ago, during the 70's the US had their own inflation problem but post Covid all fiats took a hit because of the jumbled economic response with lockdowns and such.

This is really a concern that everyone has, I want to analyze it from pure buy and sell power angle

I have followed the price movement for many years. What I observed is that some kind of price stickiness in it, so it maximum crash 80-90 percent.

I think this is due to combined effects of 2 major driven factor:

1. dramatically reduced selling pressure when the price has gone down so much
(For those who bought the top, it doesn't matter if they sold at 90% loss or 100% loss, they have lost most of their investment anyway, so they end up do nothing and hodl, and this in turn reduce the sell pressure)

2. dramatically increased purchasing power of market buyers
(With same money, you can buy 10x more coins when price has crashed 90%)

That's why when it crashes 90%, the sell pressure will disappear and price will start to stabilise. As a result, if you could drive the price up 100x, even after the crash, you could raise the new bear market bottom to be 10x higher than the old bear market bottom. And that will draw new participants

A big limitation is the fiat money inflow channel, today many banks are restricting it, trying to starve the cryptocurrency market, but with the rise of USDT and other stable coins, it seems the community has find its own way of generating liquidity without fiat money inflow, this is the new development and will raise the price by a few magnitudes if keep going without restriction

try not to think about bitcoin as an entity independent of market forces, at least in so far as price is concerned. ultimately supply (willingness of producers to satisfy) and demand (price consumers willingness to pay) and the equilibrium thereof is what is at play here:

https://ia601600.us.archive.org/19/items/MIT14.01SCF10/MIT14_01SCF10_lec02_300k.mp4

this fact will increasingly stick to the surface over time and over time when they did not understand at first they will now understand more that bitcoin is a speculative asset.
speculation is something that people invented to make this seem predictable where it will go but it seems that speculation will still be speculation whose truth will be 50:50.
but this does not close the very important point that indeed bitcoin is one of the innovative and money-making inventions and we cannot forget it.

Maybe bitcoin is an speculative asset but also think that it will not go far that value of $60K from nothing if there are no demands that push bitcoin to what it is now. The economic status also is one factors that affect in bitcoins value especially this pandemic which brought more demands in bitcoin. There are many factors to consider why bitcoin price increased that much but the root is the demand and supply of course, the driving force of bitcoin.

a lot of investor confidence about the future of bitcoin, where the few people who still use it make investors believe that later when more and more people use it the price will soar. the advantage of bitcoin having high volatility, is to attract new investors to join, and if seen, bitcoin will always form a new ath, and this is what makes many investors optimistic

I guess the prices are as such because of the fact that more and more influential figures with multiple million dollars in their name like Elon Musk adopting bitcoin in their investment portfolio. The fact that they dragged a massive following along with them while investing huge amounts of money as well made the price pump like that since last year. I'm pretty sure there are people who would assume such action is grounds for speculation, but I would disagree knowing that a majority of people who invested and held on to their bitcoins are in it because of the use-cases it can bring to the table. This is a very sound explanation from an entrepreneurial perspective. Price pressure and price stabilization does play a role in ensuring that the price floor of bitcoin is kept in check even when it is bearish. Giving people opportunity to buy bitcoins at a much more favorable price point than years ago. I still don't think this solves the question of whether bitcoin is indeed a speculative asset or not, since there are still some parts of the whole thing about bitcoin that is not covered like the fact that it skyrockets when it does, but nonetheless a good explanation.

Bitcoin is still a speculative asset that is in great demand by investors. some new or old investors take advantage of bitcoin moments to get as much profit as possible. The demand for bitcoin is also getting higher as Bitcoin continues to be reported and the hype continues to grow. The increasingly limited supply of bitcoins makes bitcoin the most valuable digital asset. Even bitcoin will form new ATH which is over $60k.

Another factor that makes bitcoin has a value that continues to rise is the increasing adoption of bitcoin. some big companies are starting to adopt bitcoin and this will be very influential.

Much like the stock market - trying to understand the waves is almost impossible because it is driven by such a collective amount of irrational behavior. When Bitcoin is doing well and all the news is positive people flock to it. When a few bad developments hit the news, like eco-unfriendly concerns, possible US regulations or China banning it outright, then people all try to flee at the same time. Similar things happen in the boom and bust cycles that drive stock ownership but are amplified much more greatly because it is a single asset getting so much attention. Nothing much actually changed, just the static noise around it was producing a certain overall buy or sell signal.

All of your questions are legit but only one answer. As we know Bitcoin is totally backed by the community, so the price must depend on the community's demand. When a few big investors enter the Bitcoin community then a FOMO becomes active inside the community. As a result, everyone just concentrates to accumulate more Bitcoin and prices go up this way. Means demand goes up and circulation supply becomes lower since everyone tries to hold during that time. It's just my thoughts, I am not a good tech guy nor an analyzer. The answer might be wrong in your opinion.

One thing that we must understand is that if bitcoin was nothing else but an speculative asset then it would have faced the same fate that we see happening to the majority of the altcoins in the market, bitcoin can be an asset with such volume, price and interest coming from the institutional investors because its fundamentals are rock solid, people that know very well how the economy works are taking a look at bitcoin and they are seeing very solid asset which will make them money over the short and the long term.

In general, it has an unstable price because it fully depends on the community and its market demand. The price is speculated, not manipulated and in this case, people won't stop predicting the price no matter what. It is just about accepting and making deal with the volatility of the market because whether we like it or not, that it remains like that till forever.
It is a way we have to adopt the system, people make money from this because of such volatility and I guess they are happy too. People make happy of its existence not because they can use this to buy things or to pay their bills but it was considered as a profitable investment/asset.

Due to bitcoin's volatility, it is always understood that at some time, its price is high, and then it becomes lower or even higher the next time around. Aside from that, the demand of bitcoin in the market also tells why bitcoin has a value like that or like this. For now, since the price is ultimately high, then its because bitcoin's demand is always growing, and the higher it grows, the more valuable bitcoin becomes.

Well, do not be confused why bitcoin tends to change its price from time to time. It has its own reasons, and you'll get used to it eventually.

To make our discussion more clear, we first should learn how to properly differentiate between the concept of the value and the concept of price. The latter is determined from the former and fluctuates considerably, while the former may stay unchanged for a long time. The value of bitcoin hasn't changed much since its inception. It is still a peer-to-peer electronic cash system that is decentralized and therefore unstoppable. Bitcoin of 2021 has the same properties it had back then. The major reason why its price increases over time is that more and more people discover bitcoin, more and more people are starting to appreciate the properties it has. The more people find bitcoin valuable for themselves, the higher it grows in price. It is a natural outcome of increased demand for money. You are right in the sense that bitcoin of whatever price can perform its functions very well, but it immediately follows that people will continue to buy bitcoin despite its price.

I believe there is no concrete answer here but let's just put it simply using the demand and supply concept. As bitcoin is getting popular and seemingly increasing in adoption, that means the demand is increasing, and the supply is not changing as it is fixed. Hence, the price will eventually increase if there is a demand from the market.

And now, another good news in my opinion. Mastercard is allowing their partner banks to offer crypto credit and debit cards. We know what this means, right? More potential crypto users on the horizon and so they may contribute with the demand in the market, and so price increase.

https://www.bloomberg.com/news/articles/2021-10-25/mastercard-to-allow-banks-to-offer-crypto-credit-and-debit-cards

Being popular alone will not be enough to attain higher value; just think about a situation like bitcoin is having unlimited supply and there is no halving event, what would have happened? Probably bitcoin might be trading under $100 by this time as no one would bother it for investment purposes but might be a popular one to get rid off paypal or any other problematic payment processors.

So, bitcoin has this value all because of limited supply. Halving is acting like a trigger or remainder to investors.

At the same time, we cannot ignore the solutions provided by bitcoin to this world. A privacy oriented regulation free financial freedom is something new that human race never before experienced. So, the current value of bitcoin is just a token of appreciation to it for the solutions it has provided to us.

Bitcoin is a decentralized currency that has so much value to stand and eliminate every errors from the economy or transaction delay transaction. Many citizens loss their job during covid-19 virus based on the spreading of the virus that was killing people all over the country. Many used the opportunity to study cryptocurrency in the country, which it has added more value in their financial aspect in the community. Many became bitcoin professional investors in the country which is really helping the government in the areas of unemployment in the country. Bitcoin is now fully legalized in the country based on the value it has added to the life of unemployment in the country.

For me that is:
Bitcoin is the best money and the most solid foundation. 

Protect privacy and financial freedom.  Deflation and changing the financial game. 

Creating pressure to reclaim human freedom, supported mainstream decentralization is how bitcoin can be achieved.  Maximalism is built on practical value where demand is what proves bitcoin's value is right.

I think the increase of Bitcoin price nowaday is natural, because everyone needs it as a means of digital investment. Also because of limited supply, people are competing to get it, that's why the price of Bitcoin soars, because of the imbalance between demand and supply itself.
Maybe at some point later the price of Bitcoin will be stable and not move, IMHO, we'll just have to wait.

Personally, I think everything that has value is because people thinks that it has value. That’s just it, if people don’t think that something has value then it is not going to have any value at all. Bitcoin serves a purpose which is transaction, so that’s why people believes that it is useful for them and therefore it has a value: for it to serve that purpose of transaction it needs to have a value, a price.

At first the value of Bitcoin is said to be determined by supply and demand, and I believe that still plays a role in determining the value this time around, but as time goes on I think there have been some changes as well that applies to that. A search on Google can bring up a lot of articles that we have deep explanation for this I believe.

Bitcoin has fixed supply, right? Yesterday, it's price was 60K and as you say, the supply/demand was on peak. Then, today, it went to 30K and as you say, supply/demand went low. Then, some times later, it's higher than 60K, means supply/demand increased. In another words, bitcoin was great yesterday, bad today and the best tomorrow? I just don't get those people who bought at 30K, sold at 60K and then bought at 40-50K again. But again, bitcoin was doing it's job yesterday, today and tomorrow. I hugely doubt that the number of bitcoin users grow as much as 10x compared to the number of bitcoin users 10 months ago.

I just don't get it when people panic sell and then the price rebounds, can't people learn on past mistakes? And I believe that number of bitcoin users didn't fall by 50% some months ago and it didn't increase 2x some months ago (mean fall and rise period).

when it becomes scarce, it will have a high value and I see that BTC is known more and more people, but in terms of supply and supply, there are only 21 million, the number of buyers and sellers is increasing and the number of selling is less. BTC is as valuable as it is today and many current holders don't sell their low value BTCs they hold for a long time. As a result, the value of BTC is increasing day by day.

As long it does have demand then increasing probability would really be always there or lets say it would really be have that value because we know that if theres demand then for sure it would really be having its value which it isnt that surprising.Back to the days on where Bitcoin is almost free or cents
in value but the demand and recognition had risen up through the years and look at on how far we've been able to achieve on.
Thats why lots of people who had been recognizing on holding this one because they do saw the potential.

the trust of people who bring buyers and bidders present to transact bitcoin. The more buyers, the higher the bid price. and when bitcoin continues to be known, transactions occur every second, and they are the ones who shape price fluctuations, so the larger the number of users, the more difficult it is for manipulators to play the price

Actually we are the reason why bitcoin has a value, I mean we the community of bitcoin that believes in it sets a value of this crypto. Bitcoin on a creator's purpose is to make people another way of payment that can be processed via online transactions, alternative payment system but as time goes by people see the true value of bitcoin, the potential to monetize it and exchange to fiat currency and that's why it started here. Now, bitcoin become more valuable and everyone were very optimistic for a good future usage of bitcoin.

The value of bitcoin is determined by the community, because the bitcoin community continues to grow and has reached hundreds of millions, bitcoin becomes valuable, this is the current trend and to get maximum profit it is better to follow the trend.

It is undeniable that the price of bitcoin is determined by supply and demand and its popularity is proof that new users continue to grow which makes demand continue to increase which makes bitcoin prices continue to rise and is also very valuable.
and I think bitcoin will be more valuable in the future because everyone is aware that bitcoin prices are easy to predict because they see developments that continue to grow and increase from time to time which will increase bitcoin prices due to demand, and bitcoin volatility can be easily understood from time to time.

Bitcoin has this increasing high value because most of the people are already going into bitcoin investment now compared to fiat since there is more profits awaits in crypto or bitcoin. And as its recognition never stops so its demand keeps growing too which means the higher the demand, the bigger value bitcoin becomes. And not to mention its nature as being highly volatile, so there will be more chances that bitcoin price will vary from time to time. There are times that bitcoin could go up so much and in the next day, it dumps so deep.

As bitcoin's real utility case continue to expand, its community's demand too rises up more. So this has made bitcoin reach another good value because there are already such big countries and institutions who adopt bitcoin as part of the payment system. And while others have come to use it to buy goods and services, some also focus on bitcoin as a potential investment. With bitcoin having good population as a currency or as an investment, then its not surprising anyway why bitcoin has reached this far and end up with a high value.

BTC has surprised me with many different ATHs this makes the news about BTC getting better and better and the number of investors who know about it is increasing day by day.BTC is becoming more and more popular. So scarce with a total supply of only 21 million now, the source of demand for buying more than selling has helped make BTC valuable as it is today. and over the years BTC has been in a pretty good position, the FUD news about BTC bubble has been less and more big investors are paying attention to BTC, in the future many analysts will judge I think BTC will reach the threshold of 100k$ by 2022.

Exactly, while bitcoin could still be valuable if it had an unlimited supply one of the reasons bitcoin is so valuable is its limited supply, this is why satoshi is considered by many to be many people at once as it is difficult to believe that a person could master so many fields during their lifetime, personally I prefer to think that satoshi was that smart and that will make him a genius as the fundamentals of bitcoin are incredibly strong thanks to his knowledge about the economy.

on the other hand the increase in adoption is increasing again and again over time.
because it is as you said that we live now in an era of modernization where all use sophisticated technology.
and here bitcoin is one of the breakthroughs that can be considered quite perfect in technology that makes him in demand over time.

It is difficult to determine the fixed value of bitcoin, I heard bitcoin in 2012 when the current price was around $110, because the community continues to increase it makes the need and transactions increase so that its value continues to increase, of course the value of bitcoin is very much determined by the community and the good news is that many millionaires in the world are invest bitcoin.

In my opinion, bitcoin has become more trending in the digitalized world. Being a decentralized digital currency and having no central bank reaching a level of 60K from 30K and vice versa totally depends upon the buying and selling trend of users. It's not a big deal why this manoeuvre isn't causing the instability of bitcoin. Yes, we can definitely say that bitcoin isn't speculated and all of these prices are just natural.

Every price is determined by supply and demand! Growing popularity means that demand is rising, and as long the popularity goes up the price will go up as well, especially when we know there will be a limited amount of coins in circulation!
I also think that Bitcoin will be more valuable in the future because even now we just scratched the surface of the global economy, there's so much space for growing! After the first decade, Bitcoin and crypto achieved a lot, and we can expect that progress to continue, everything is going in the right direction!

YES, you are partly right because of the confidence that many bet on Bitcoin, but I think that the main reason lies deep down and is the Law of Supply and Demand, many people are currently entering the world to trade and invest in BTC, Even on Wall Street, BTC is already considered, and this is something that is not new, in fact recently, BTC has taken pleasant bullish turns for investors and those who have bought BTC, new investors and new institutions have much more liquidity. joined the party.

If we take into account what previously moved the market was its own Strong Hands, now people with a lot of money are entering with the ability to move the BTC at very high price levels, and they cause emotions in people, which is another of the main reasons why the market will never stop fluctuating.

That is the reason we have to know that bitcoin speculation is the normal nature, and if the price fails to fluctuates that means that is every tendency that is been controlled by any sector or it's a centralized currency, I'm not going against the rotations of bitcoin price falling and rising kind of movement.

Some elements of people was emphasising that since bitcoin have secured the length reaching to sixty thousand and sixt one  thousand to sixty three thousand (60k -61k -63k) that is obvious or their is every tendency that the price will keep on accelerating until it hit one hundred thousand (100k), i was like watching, because the price of bitcoin is not something we can predict accurately and base on the prediction, bitcoin increment is determine through the quantities of the market demand.

in addition to trust, I think the legality of the government also determines for the future of bitcoin whether it can be used as legal tender, or only as an investment tool. Likewise, fiat is currently able to gain the full trust of all people because it has been determined by the government. Until now, bitcoin is decentralized which is still difficult for the government to accept because it cannot be controlled

So much space as in, its growing day by day. We may call it as unlimited thing for that matter. I mean BTC as we speak is getting traded in volumes of millions of dollars which is surprisingly huge amount for an asset which had its existence since decade or so. The hike is even not accomplished because BTC strives in many countries against the rules and regulations. Some of them are banning it, some of them are accepting it and some of them are yet to understand it. I believe that these challenges are putting bitcoins value really low on those charts. It has bigger potential than that because once they uplift the bans and we get to synchronise the crypto throughout the world then you will see huge flood of investors getting into bitcoin and pushing all the available limits really. So the space? Yeah its limitless for the bitcoin.

No one guarantees the value of bitcoin because it is purely decentralized, moreover bitcoin does not have a physical form like other types of investment, digital assets such as bitcoin are highly dependent on the number of users, this is what makes bitcoin valuable because it is actively used for various purposes such as transactions, trading and so on. .

Supply and demand are important indicators in bitcoin trading because they will forever affect the bitcoin price. The function of bitcoin as a currency and a means of payment is the reason why since the beginning the demand for bitcoin has continued to increase and the growth of its users has also continued to increase so that the price is also increasingly expensive. Speculation and volatility are inseparable, will continue to exist and be felt by bitcoin traders and investors. Imo, the reason that make bitcoin so expensive is not its adoption as a currency, but its rarity and high demand has allowed traders to be unwilling to sell it cheaply.

Bitcoin's value could be speculated by anyone yet there's no guarantee that it could reach a specific value at a certain time due to its volatility. That's the real characteristic of it and that makes it so unique as a currency. It could be manipulated but no one could control it continuously because its community is too big.

I disagree, people are going to use bitcoin regardless of its legal status, in some countries bitcoin is still illegal and people are using it anyway because it is the only way they can progress economically where they live, if people have to choose between having something to eat and follow a law the governments of their country put in place in order to benefit themselves people are going to pick the choice that benefits them, and that means adopting bitcoin even under those circumstances.

The price forming factor is supply and demand, when the stock of bitcoin 11 years ago was a lot and there were few users it was cheap and there are stories of people buying pizza worth $10 with 10k bitcoins, now 1 btc can buy 500 kg of pizza, as long as there is demand then bitcoin will continue to be worth.

Anything unnatural will not sustain for longer time frame, right? Bitcoin is almost 12 years old and its value is on upward direction among big to small corrections in this time frame. Consistently having value into upward direction artificially is definitely 100% impossible in this modern era. People are having all the resources to verify and to double check in this 21st century. So, bitcoin must have got all the reasons to value. It may be higher due to speculative but when demand also increases then such higher value also becoming reasonable. It is kind of cyclic events like higher value happens first and then bitcoin gets equivalent or higher demand which in cycle induce again higher prices.

Bitcoin price fluctuation will always occur, volatile bitcoin prices to happiness for investors and disappointment when the price drops. The price of bitcoin is determined by supply and demand, When a lot of people buy, the price will go up, and vice versa.
Bitcoin users today are mostly just trader who play bitcoin like stocks, Many choose to become hoarder (buy bitcoins when the price is still low and store in the hope that the price will increase high) to add to his list of wealth.

It has now evolved into something bigger than digital peer-to-peer payment method. It has now becomes an investment for many and many elites are getting into it. Institutions are having fear of missing out specially that large institutions are now into it. Aside from that, hyper inflation might happen in US and BTC could probably save you from that.

The demand is nowhere near where it could be and that is the hopeful part. Sure a lot of people and companies with money got in, however there are billions of people with small amounts of money that could get in and that is what we are looking for in the future, there are also a lot of rich companies that didn't get in yet neither.

Like most known ones are apple and amazon, they are not in crypto game yet, and wall street is in a bit but not a lot, they have a ton of money that they could get in as well. We are talking about trillions of dollars going into crypto in the future, we are not there yet and we could be there very soon, we should be very careful about what we are doing in crypto, but at the same time we should be looking for a situation where we could 10x easily just in bitcoin, maybe even 20x, which means so much more for altcoins.

Bitcoin moves based on supply and demand, then Bitcoin demand continues to increase every year and with a limited supply of Bitcoin.
That's what causes the development of Bitcoin is very drastic and the price of Bitcoin is getting more expensive, now many institutions
and rich people are starting long term investments in Bitcoin. Making Bitcoin the best performing asset, therefore people prefer to use
Bitcoin for investment than the original purpose of Bitcoin being created as payment. Moreover, there are still very few countries that
legalize Bitcoin as a means of payment, finally Bitcoin is popular as an asset for investment. Even in the future the price of Bitcoin will be
more expensive, so some people end up deciding on Bitcoin as a retirement plan.

This, it is true that sometimes FOMO takes over the market and we see a bubble forming and then a crash happens, however this is something that occurs in all markets and not only in bitcoin, however to think we could have more than a decade of huge growth and that this does not reflect the value of bitcoin and that all of us are victims of a delusion is a mistake, bitcoin should have been worth trillions of dollars from the beginning but instead it is taking a long time to reach its true value.

The price of bitcoin is very futuatif because the price of bitcoin really depends on supply and demand. besides that this is also supported by the decentralized nature of bitcoin, meaning that no organization or government controls bitcoin. it is for this reason why many countries do not recommend investing in bitcoin because the price of bitcoin can go up and down very quickly.

so u got trapped by the value of bitcoin itself, speak of value , why gold continue declining since 6 month's ago ? , and even peter schiff think it still natural , because it was indeed a fair price at the time, i am also quite sick of speculator bullshit , speaking of idea , indeed bitcoin was created for p2p payment but as the time goes , its evolved , the original idea still in there , but the function increases ,which it also as a symbol of wealthy. gold also changed , from just for jewerly and idols for worship to be a store of value.
so the point is not why on this value, but why u think about value, since 1 bitcoin always 1 bitcoin.

Bitcoin has value because many people are looking for it while bitcoin stock is limited, this is what makes the value of bitcoin continue to increase, as long as there are bitcoin users, bitcoin will be valuable, this also happens to all types of investments.

I think going up or down for traders is always a profitable thing, when the price goes down then buying is a very good thing and this is what allows traders to get maximum profit, there is always an opportunity for profit as long as we are patient to wait.

Why would you doubt the price of bitcoin OP? I bet you know already how profitable bitcoin is and how far its price can go. As long as there is a strong demand from its investors, users, big companies and financial institutions, then its price will never cease from going up. Although sometimes, bitcoin price can be speculated, but knowing its trend will always going upward, so even how many times its price falls, it will always bound to recover. I won't be surprised if in the next 5-10 years, its value will certainly range from $500k and above.

I totally agree with you, the best explanation I could not have seen, in fact the economy that is being generated within the Bitcoin ecosystem including the Blockchain, whales, investors, small investors, traders, those people who are putting their money in Hodl mode to ensure their relaxed and happy retirement, they are not doing it wrong, because the nature of BTC and its economy is clearly deflationary, and being deflationary it is the tool that will always kill the traditional economy based on debt and inflation, I think that is the point where the increase in the price of BTC is generated the most.

Actually, I consider bitcoin now to be rather a speculative asset than a means of payment as it is volatile. But I think that within time when crypto will be more and more adopted in different spheres, Bitcoin will become less volatile and it will not change its price so rapidly.
Bitcoin has many advantages over traditional currencies, that is why people are willingly using it and it forms Bitcoin's price.

One of the keys to profiting is to be patient and wait and get good momentum for this.
I think sometimes everyone is often wrong about this, because indeed compared to buying and selling actually waiting is the most difficult thing to do, many people can sell and buy everything they can but it is very difficult to wait and keep what they have.

Most investors, especially newbies, can't wait to wait, they just think that they will immediately get a big profit in a short time, when they see the price drop they panic and immediately sell even though they lose, and they regret that the price skyrocketed again not long after they sell bitcoin.

Imagine having a currency that can be sent through the blockchain without relying on any intermediaries. The reason on why its price skyrockets is due to this p2p function that can be sent to users. Its anonymity is what makes it really special as it also eliminates the need for any third-party consensus.

The price of BTC is mainly derived from the law of supply and demand. Along with its limited supply of 21 million, inflation is guaranteed. As many people use and purchase it, its price continues to increase especially if a fork happens (2-4 years from now).

The value of Bitcoin is not only speculative, but more importantly, it will bring a peripheral, macro, transparent and trusting economy to a free and fair financial world  to change legal isues(Fiat) rife with serious breaches of trust.  The best is the value of the greatest revolution.  The bitcoin value will reflect that freely met value.  In the future, I think bitcoin will have a huge value.

in reality it is not that easy, many investors are hesitant to buy because they are worried that prices will continue to fall. many investors miss the moment when the bitcoin price is below $30k, it is because most investors think the price decline will continue. the right time to buy is indeed when the price is down but in my opinion it is much better to buy when the price has recovered.

Yes bitcoin is made to be an international currency to be a form of payment, using a P2P tech with no central authority to act as a middle man. But bitcoin now is more like of an asset or investment to gain profit because of its increasing value due to people's speculations or investment, and it is extremely volatile for now to be used as form of payment. But soon when it's scarce enough maybe the price won't be moving like this much.

But i'm sure bitcoin will always be volatile no matter what and that does not mean that this is not the right time yet to turn it into a good currency. Actually, there are already big companies that are making bitcoin as a means of payment and its volatility is not a hindrance. Although adopting bitcoin as a currency will definitely be a tough process, but i know it will be smooth sailing later on just like with El Salvador. So with this huge demand from bitcoin, maybe we can use it more as a currency and a good investment at the same time.

Indeed. Bitcoin has many advantages over traditional currencies, that is why people are willingly using it and it forms Bitcoin's price. Once bitcoin price changing it's value, they panic to sell their bitcoins even though they might possibly loss it. They don't also think that maybe bitcoin price will pump in the future because we can't even predict what will happen in the future. Maybe after selling their bitcoin they will regret it, especially when it's price pump.

In recent years, the popularity of cryptocurrency has only increased. Many countries have set Bitcoin as legal tender, which has increased the value of Bitcoin. More and more people use Bitcoin, and more and more people believe in Bitcoin, which will make the value of Bitcoin higher and higher. Therefore, it is not that Bitcoin itself has a high value, but that people are willing to believe in it because of the "consensus." As a result, Bitcoin has value.

Bitcoin was created to eliminate delay and errors from the world economy. What you are experiencing right now is the purpose bitcoin was created for whoever that make it legalized in their country will definitely enjoy the benefits attached to it. Bitcoin rise from $30k recently to $67k show that it has a lot to deliver to customers before the end of the year. Despite the challenges many altcoins experienced during the pandemic that still make bitcoin price stand and steady in pumping to prove to the world the positive impact it has to deliver.

Reason ....its pump like any other pump !! Until markets are full with money all moon and bubble btc real value

I think OP you don't really know bitcoin well. It's the most capable crypto coin that you can see higher chances of making good price increase because its price trend is to always move up. Although there are times we can witness for bitcoin to experience some minor or even bigger dumps but rest assured, they will always recover after that and create another high value again. So we should not doubt if bitcoin is consistently reaching another high value because bitcoin is really intended to go for an upward trend, same with major altcoins too.

Bitcoin was created as digital as digital ledger to bring old fiat money in bitcoin  and from bitcoin in to stable coins.
You can not just mint usdt it need to be backed by btc.
Bitcoin is digital gold to back up stablecoins to protect usdt against hyperinflation.

I cant belive people dont know this !

It’s like you’re putting up a business and at first there are very few consumers of it but as the day goes on because your business is good the demand starts to rise and continues to increase as the years go by. The same goes for bitcoin. The demand is the driving force towards what it is now and the reasons or purpose why it was created. Bitcoin has a limited supply and the demand is too high, the possibility is to have a greater value.

I think the value of bitcoin is a big speculation. Its value is not backed by anything. You can definitely make money now, but it's better not to think of bitcoin as a long-term investment.

All depends wich price you got it.

I think that the easiest most simple method to explain the value of Bitcoin is just by looking at the rate of adoption (popularity) of Bitcoin as well as looking at the fact that it is inherently deflationary  in its very nature. This means that there is only a certain amount of Bitcoin which can ever exist and a rising amount of people who want to purchase Bitcoin. These two things give rise to a logarithmic rise in the value of Bitcoin.

And the fact that Bitcoin can be broken down into smaller parts (0.1, 0.01,...,0.0001,... and so on) means that everyone can have a piece of Bitcoin. But that demand itself will make Bitcoin become worth more.

Its quite self explainatory. 8)

no speculating how! With the rise and fall of the value of bitcoin, it can be said that we provide speculation when setting the selling and buying prices, where investors come and go.
bitcoin also has value because there is a community of people that have been created and the network that exists around the world that makes the exchanges possible and the underlying system with the right incentives and the right technology. this can be a factor that supports the occurrence of the current value

indeed, at the current price, bitcoin is arguably an extraordinary and fantastic value reaching 60k $ where the value of 1 digital currency that we cannot hold in its form like fiat but has a value that exceeds 1 house and even a jet plane

I have to say people actually "needed" something like this. It is basically a statement for us, it is a way to tell the governments of the world that they are running their fiat currency very wrongly and that's why we are moving our money away from the fiat world and moving to crypto world. Sure there is a good reason that we are making a profit here, our investments grow to be huge here, and that is why we like it.

But that is still that same statement, our money is worthless over at fiat whereas it gains so much value here, isn't that a great thing? Shouldn't we really end up being super happy about it anyway? So this is basically just a place where we all get away from fiat and we just tell the world to get it together or we won't come back and just make crypto something that we can stay forever without ever using fiat in the future if they can't fix that system.

The culture of a trader is very different from that of an investor, a trader follows the line of least resistance to buy or sell, depending on what suits him the trader does not care if the price rises or falls, the trader must always be There to obtain benefits, while the investor only has to worry about buying very low and then selling high, in fact the investor when he sees that the price drops a lot in price and has the money, takes advantage and buys because he knows that that money will multiply, but As long as the price remains very high, it is not good to enter, because a fall could cause some losses, the investor should only monitor his investment.

Traders and investors always have similarities as well as differences in how they enter and when to sell. Traders only care about short-term profit while investors target long-term profit. Traders can buy at high price and take advantage of market hype to profit, while investors have to wait for a correction before they put in a lot of money. What both of them have in common is the main purpose of making a purchase where profit is expected.

Yes, in fact many investors currently investing in cryptocurrencies that I know are long-term, many are buying and withdrawing fast, perhaps because the market has favored them, I imagine that they establish their strategy, they can choose a good percentage of profits, In my case, I am a long-term trader, but I am not an investor, because the investor usually leaves their money in a currency or stock for much longer, and until they see profit they do not leave their position.

every thing of value must have a price speculation this happens because of the number of transactions and supply
why bitcoin from 30k to 60k and back to 30k..? this is the influence of the holders such as investors or traders who make buy/sell transactions and the most influential on the price is the issue that develops or the prohibition on bitcoin is the most dropping as China is doing at this time

Bitcoin is experiencing a price correction right now so its value has dumped a little, but we'll always expect that it will soon to recover again. I think bitcoin being so volatile, its no surprising that sometimes its value goes up, and the next day it goes down. That is the normal scenario for bitcoin. But knowing it has a huge demand from the community, particularly from the big institutions that are supporting it, then we can guarantee that its price movement will always go upward.

Honestly we had a worse situation in our hands before, this is still a decent deal. I remember going from 64k to 30k just 6 months ago, so this should not be scary for anyone, we all know it could have been even worse. I get that some people rather have something that is a lot better and profitable, instead of a 55k bitcoin, how about a 77k bitcoin right now? But, I know that it is unrealistic to expect something like that from the crypto world or any other financial asset to be honest.

Nothing could go up forever, they need to stay down for a while and then go back up and then down a little and go back up. That's how people make a profit, otherwise it would require everyone to keep buying and never selling. Since we know that people will not stop selling, that means we need to let the sellers get rid of their excess and then we will buy right back up and increase again.

It all depends upon the trading. The concept of demand and supply strictly implemented on bitcoin also worldwide acceptance has granted very much importance to the bitcoin. Its demand is increasing day by the as people realize that it is worth it for them.
It's getting more and more popular day by day. So I think the fluctuation of the exchange rate should be a normal thing for bitcoin.

Absolutely new style of payment has been made Bitcoin boss of money. People investing in Bitcoin in daily basis then any other products or shares. Specialist says that Bitcoin will cross 1m$ value if world 1% population know about Bitcoin so I think Bitcoin has been our part of our whole life. We cant regret all facts that's is now present to world about Bitcoin.

What is the reason behind that its not become natural ??Its actually market created price .I think it is increasing for its value and its creating by the whole crypto trader and investor .It is become more popular to the world and the price is really not speculative .We all know that crypto is a high volatile market that's why we love it cause we can get more return within short time .So the price is follow with our intention as well .Btc is a asset so that it will be unstoppable in the future .The price already proved to you that why is not speculative .Now its around 60k even after a huge drop and starting recover as well hope it will be huge future .

Your question reminds me that some people will never truly understand why crypto is high priced. It is clear that we are not going to have anything resembling instinct value in crypto. Closes we got was miners and their costs to mine bitcoin but they are mining so little compared to how many we already have, we are already close to 21 million coins, it is getting slower and slower, and we are not going to be mining faster neither, it is going to get slower.

This is why I believe that we should not be looking at "why" but looking at "how" which would help us understand the situation better. It is not because bitcoin is perfect, we all know that it is not perfect and I understand it, the main problem is that fiat is so horrible, all the other investment methods are so horrible that bitcoin seems a lot better when you compare it.

Since you name China, I've seen that every time bitcoin is held accountable for going down because of China then it results in a big bullish rally by BTC, so I think every time CHINA is held accountable. , It is something very positive to BTC, previously in 2018 when there were relevant news that China was the one who lowered the price of BTC it used to affect it, not now, now I would like all the news to be attributed to China, in my personal opinion I think the The last correction of BTC was in a natural way, a correction that is healthy, which can be by the same whales that sold and wanted to buy cheaper, because less than $ 57k arrived, in fact many altcoins suffered that downturn, I think that From now on the news should be fresher and more focused on the reality of market speculation.