Bitcoin Forum

I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.

I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.

Bitcoin is one of the world's best known digital currencies. It is classed as a safe, appreciating, decentralised digital asset which has helped to aid its popularity as well its value. One of the key driving forces behind bitcoin's value over the years is the fact that Bitcoin provides increased ease and convenience when it comes to online transactions with the added bonus of security and the transactions are of pseudo anonymous nature.

All that's happening with bitcoin is the real growth. This is simply based on the demand to the supply availability causing the variation in circulation of bitcoin around along with the market valuation. It's not the boom, it's the realistic growth of bitcoin overcoming barriers.

It is not that much of a boom. This is continued from the $2000 to 4000 move, and that from the 600 to 1000, from the 200 to 600 and so forth. This has been a steady move up the scale since it began.
There are brief levels where there is a short period that shows a slower move upward, but not that much slower that I would call this a boom, it is simply a more outwardly spoken of move than many of the last.

The possibilities of this currency are very attractive for the black market. No currency in the world gives such anonymity to the transformation as BTC.

Because bitcoin is the first crypto currencies and the acceptance for it is now getting wider all over the world this main reason why bitcoin value and popularity became a hit. The value appreciation of bitcoin is one of the reason why people are attracted to cryptos and as long as it continue to appreciate it will remain a big name in the crypto currency market

Being the first ever crypto currency, bitcoin is the most popular one. You will find a lot of people who doesn't have any idea about what blockchain is, but they have heard the name of bitcoin. Bitcoin has been riding high on expectation around the world due to the high return potential. No other investment asset can offer that much return what bitcoin can offer and hence we have seen a lot of investments in-flowing towards bitcoin this year. So while supply is limited but the demand is high, bitcoin price increased to a higher level because investors are willing to pay a higher price. Also with the increasing popularity of bitcoin, the acceptance is also increasing which added some spark on the growth story of bitcoin. But it's mainly the good old demand supply equation.

It was the people the believes who actually caused bitcoin to boom so high since then it was all for the profit people started investing millions in bitcoin thinking it wil give them profit and with every purchase the price started increasing and finally here we are today at more than 6000$ and still rising

The bitcoin popularity could be another example other than what you guys speculated above. The math is simple, more investor mean more money flooding into crypto world and specifically into bitcoin. This has led to tremendous increase in bitcoin market capitalism. It is so high now that it is very much impossible to drive it to downward side. So altogether any investment today is making the future of bitcoin. Hope this continues the same way and goes beyond the limits.

But authoritative studies have shown that the black market and/or illegal use is a much smaller proportion of the total value of bitcoin than it is of most fiat currencies.

It's a myth put out by governments and banks who want to control all aspects of our lives.

Actually, any cash is far more anonymous than bitcoin.

The main reason I see behind the boom in crypto is its usability and the concept of you being your own bank. Add to that fact the astronomical gains one could receive in their investment in just a short span of time and you'll have people flocking in hoping that they can also have a share of the wealth bitcoin has to offer with its users.


Wrong. Cash transactions are even more shady compared to bitcoin transactions which can easily be traced in the blockchain if one wish. Also, millions of dollars are being laundered every single day and it seems to be fine with the authorities, lol.

agree and disagree. if the whole of the btc economy were illicit, it would pale in comparison to the capitalization of illegal funds in fiat. with that being said, i think a disproportionate amount of our capitiization is not legitimate ( the percentage of illicit funds vs legitimate funds) and said ratio is much higher than fiat. you would be an idiot, as a criminal, not to use cryptos. notice I said cryptos and not bitcoin, bitcoins is about the worse choice you can make if you aim to use  bitcoin for the wrong reasons ;)

Yes this is true, I agreed with you. Since the inception of bitcoin in 2009, the popularity and increase in demand for bitcoin from 2009 to 2016 can never be compare to the increase in the demand of bitcoin in this year 2017, which have lead to the increase in the price of bitcoin and other cryptocurrencies.

There are many factors why bitcoin is bomming right now.
Number 1. HYIP - those people who doesnt learn to scams will buy bitcoin again and again
            2. Investors / Trades - those who holds bitcoin ;D
            3. Darknet - people who buys drugs ,fake documents and etc. using bitcoin
and many more

I think one of the main contributors of popularity of bitcoin is the people using it itself, remember that bitcoin does not start from ICO therefore it will having hard time to grow, but little by little we see how the price goes up exponentially because of more people considering bitcoin as an investment and as of today the main aim of bitcoin to be considered as local currency is somehow set aside because now it is considered as an asset or investment because of its volatility.

in the year 2017 bitcoin is experiencing a very fantastic price increase, I also optimistic by the end of 2017 this bitcoin will definitely experience a price increase

The hype of free money with Bitcoin gold caused the sudden rise but now its just continuing from there.

Right,  online transactions are eaaier to trace because it is recorded over the Internet. Anyways,  bitcoin has been created to give anonymity to the users and I rightfully think that we should not abuse that.  I know that it has proven that btc is being used for black market transactions and it just show how greedy people can be.

The boom of bitcoin is also caused by the modern technology and its continuous improvements.  If not by this gadgets that we have,  we might have never heard of bitcoin.  Also,  many people don't want to be left out and some are just genuinely interested in earning it.

In fact it is not a boom. It's predictable growth, bitcoin gets more and more popular, accordingly there is an increase of new investors, and the growth of bitcount just begun! Still to come.

It was due for a price increase, it's been over 4 years.

its because bitcoin goes into famous in the worldwide people knowing the importance of bitcoin being currency and have potential to fast grow in the marketcap, if the people smoothly preach them slowly how the bitcoin importance in the world of cryptocurrency their become interested and more investor invest in bitcoin to make more profits.

Agree! 8)

Well, the only things I can think of are:
 - people are tired of the current system and wants something better.
 - people wants to have anonymity even if it is just a bit better than fiat.
 - people want an easier way of gaining profits fast.
 - people got curious about the new trend and wanted to get a piece of the future.
 - people convincing other people with broad explanations about the crypto world.
 - and of course, the never ending forks that gives free money.

That's pretty much everything i can think of really.

Its multiplication power is what attracted investors towards it. Most of the people coming to bitcoin is not because they want a change from fiat but it is because they see a heck lot of returns in bitcoins. This year embarks as an year where media has given lot of attention wtowards btc this is what has hiked the value of this crypto.

Number of reasons are there which are causing bitcoin price to increase. i am sure that bitcoin price will continue increasing for along time, because still bitcoin has too much potential and people are still accepting bitcoin and are also investing money in bitcoin. i am sure that very soon will  see the price of bitcoin trading above 8000$ in next few months.

I have been working with bitcoin from past 3 to 4 years and till the date i have trading with bitcoin safely and with almost good accuracy. I was just aiming to get accuracy of 60% to 70% returns per investment either every half yearly cycle or annual cycle basis.The boom in the bitcoin is just due to unpredictable shift in the demand and supply in bitcoin processing and some good predictable chart patterns are running with almost 90% accuracy which  can be traded by anyone by anywhere in this world. Good knowledge and expert in trading skills can make the boom in your life or bitcoin no matter what ever happens.

the else thing that is contributed to the price is bitcoin is a new technology for some people which is know bitcoin at the early time and now with the increasing of the price, i am sure that many people will come to the bitcoin and they want to join in bitcoin. the boom in bitcoin is because the price is increase significant in this year and makes many people become curious and they asked what is going on with the crypto currency now and why bitcoin price is rising to fast.

the ico scene is mostly responsible for the elevation of all the alt markets. there is some genuine interest no doubt, but we cannot deny the tremendous amounts of capital that have gone into these icos. these have been some of the largest crowd funding endeavors known to date, period. when guys take profit, they cant help but go back through btc usually, since it is usually the pair that represents the path to fiat. so, since btc is the basis of all these economies for the most part, when the crypto scene gains additional value, bitcoin typically benefits from it, even if not immediately.

There were a multitude of factors:

price increase caused more people to buy, which causes more price increase

fast price increase caused media to cover it more, which caused more people to buy it, which caused price to continue to increase.

As the market cap goes higher, it seems like more and more people want to get in.
Maybe because they have profit in mind, or maybe because they are seeing bitcoin becoming more established.

I guess that first and most important thing would be earning easy money from fluctuation of its price. Most of people deal with Bitcoin only because it is easy to earn extra money with it. Second thing would be that people understood posibility of Bitcoin and start supporting it. Bitcoin have a bright future and people see it. Hope it will continue to be like this.

I personally think that the reason was *acceptance*
Acceptance by the people, acceptance by the society, new improved chances for us to expand its usage , adoption by the society, getting it legal rights, making it officially recognized and taxable, boon in maket where payment in Bitcoins were accepted, spreading of knowledge with the help of media and offcourse the new generation ;).
Coming of hardforks and soft forks all helped to achieve the technological advancement that was supposed to be achieved.
Successful managment of ICO'S and new startups, the lists are endless.

Of course that this year has been the most incredible for bitcoin, and not only for this coin, a lot of altcoins increased a lot during this year, probably this has been the year of the "crypto boom" because a lot of people discovered bitcoin and most of them started using cryptocurrencies.
I hope that next year is going to be a good year for cryptos too, maybe we are going to see bitcoin over 15 thousand dollars, omg, just think about it, that is insane.

The biggest thing that happened to bitcoin in this year is the fact that we are finally getting out of the scaling debate and instead we are implementing the solutions, even if I do not agree with the forks at least the miners are already moving in their own direction, now the only thing we need to do is for bitcoin to beat them.

In addition to what you said ( demand and supply) there is also another factor that influences​ BTC price which is ACCEPTANCE ; I mean when bitcoin is accepted to be a payment method by big shops and online stores , then its price will surely increase

Bitcoin has increased this year, and continues to skyrocket its harvest until late 2017.

I think that's part of it: the speculative frenzy. CNBC is pumping it. Everyone is talking about it. Prominent people are saying it will be worth 6 figures a piece someday. And then you add in the altcoin effect. Newbies (and even old timers who aren't maximalists) pour money into altcoins and ICOs, and this further dries up BTC supply, as these markets mainly trade against BTC. The altcoin markets take so much liquidity away from the BTC/fiat markets, helping supply on the exchanges to stay low, making the price go up even easier.

It's a big feedback loop. Some might call it a "pyramid" or "Ponzi" scheme, but they'd be wrong. Having said that, a lot of cryptocurrencies are highly risky to hold. Even BTC's price could drop by 50% in a day and old timers wouldn't even blink an eye. The volatility now is nothing new for those of us who were here in 2013.

Simply because of the worldwide demands of cryptocurrency because not all of the people is applicable of getting a credit card issued by the banks . Many investor are easily adopting the bitcoin or alt coins trade. And with the help of china and japan easily accepting or making a law that making it accessible in the common people using internet.

I think another main reasons is that people are feeling that the fiat system is failing, in my country the inflation is supposed to be at 3% per year but I buy my own stuff and I have realized that in just the last 5 years the price of almost everything went up 50% or more.

The bitcoin has a lot of supporters now and its blockchain technology started a new era in the currency history. According to recent past prices of the bitcoin, now the people see the bitcoin as a good investing way. And also, despite the fluctuations, there are many people who believe its bright future and I think they are not unfair.

The boom might due to the strong growth of bitcoin and its continuing price uptrend that attracted a lot of believers and investors including well-known businessmen. The unpredictable rise of the bitcoin price that has already reached past the $6000 level is unprecedented for the leading virtual currency. This growth has attracted even some prominent critics who later become followers. In economic growth, there is so called boom and bust cycle, will the bitcoin experience that soon?

With it's growing popularity the demand is growing. Recently, It's been getting attention, with china calling for the ban, south korea planning to impose regulations etc. It has proved itself to be a good investment. Additionally there's this famous saying "Invest in everything china bans". Maybe people are starting to realize that today is the time to invest in bitcoin. 

You've been monitoring bitcoin for 3-4 years and you have witnessed the growth of bitcoin and I think you know the answer about the cause of bitcoin's boom. Supply, demand and other things I guess you those ideas of it. Also the grow of alt coins, ICOs and other crypto related things are the cause of bitcoin's price to boom and it's now the market that's depending all of them to bitcoin.

Bitcoin raises prices crazy thanks to rumors accepted by Amazon

World's fourth happiest country to sell citizenship with Bitcoin
Vanuatu, the nation's 34th most powerful passport and fourth in the global index of happiness, is selling for naturalization at Bitcoin prices.

Russian President Vladimir Putin has ordered the government to set up rules governing virtual currency, digging and calling for virtual money.

"It's time for central banks and global regulators to be serious about digital money," said Christine Lagarde, director of the International Monetary Fund.

Popularity and all, the more people the greater the demand and the higher the price. Almost everyone who turns in the crypt now has a large percentage in bitcoin. Only a little delayed for a rainy day on the air, that's why until the price does not fall, which is also bad.

Yes this is the best year for crypto. Since now we have seen the rapid rise of bitcoins. Because many people have come in and gained knowledge of it. Many companies have also used the crypto to pay the bitcoins for their services. So we expect higher prices when the year 2018 is coming

I think it is because of the holders of the digital currency that makes it price boom in 2017.

I guess the boom of bitcoin was caused by a lot of factors. People looking for ways to earn money online is the first thing that comes to my mind. And then when bitcoin price begins to soar specially this year alone, it gained prominence, whether positive or negative publicity. Then investors find bitcoin to be a safe haven and a good investment platforms, that's why loads of cash have been pouring into the market eversince. There are now more demand outside, from Asia to USA to Europe and now Africa.

Media in the first half of this year then mainstream pick it up. You will see a lot of market or technical analyst from Wall Street in the morning already included bitcoin in their show or print. You will not see anyone doing it in 2016. But in 2017 specially latter part the media help spread the news about bitcoin that's why more people are now investing on it. Of course internet is the biggest factor for its boom, we will see bitcoin as one of the hottest "search word" this year.

people are waking and realising that bitcoin is truly the future

Its wide applicability in business and its purchasing power is causing the Bitcoin boom. 

I really think the reason why bitcoin bloomed is that a lot of people were informed that bitcoin is profitable since it's price already reached $6,000. More and more people are getting interested in bitcoin because of it's profitability and potential.

At one point new technology reaches criticial mass and goes exponential. I think we are in the starting phase of this exponential growth.

More and more people are trying to get in or waiting for a good moment to start investing in some bitcoin. I think there is a lot of room to grow as John Doe starts putting a 1000 usd here and there.

And there's one of the biggest reasons. It should be the rate of M2 increase in the world currency. Over the past five years, the amount of paper money in the world has increased so much that people are worried about the bubble of paper money. So everybody chooses bitcoin to protect property.

Nice post.. :)

Informative one..

The increasing explosion of investment and opportunity bitcoin holds for a mixture of business and natural related use is all around becoming a popular well accepted currency in the world. Also showing off its anonymous side allowing you to feel more safe and unregulated online.

Many also see it as an easy money making opportunity.

Regardless, bitcoin is going to survive for a while!

This will happen in a few years time. We already know that the bicoin is now widely spread around the world. Some countries have accepted the existence of bitcoin and have policies to support it. If it goes well with its route, its value will certainly be higher because it is limited and when it becomes scarce it will surely be extremely high.

I do not believe that these boom levels are not permanent for a long term, anyway there will be some opportunities will come up to invest more in bitcoin.

How are virtual currencies different in the world?

I think it is possible that the number of traders who are interested in it increases dramatically, so its value increases rapidly.

Well..perhaps the boom in bitcion is due to the below 'trickery' ....

More than one way to get over the 21 Million coin limit....


as an example of my confusion see below...(prev posted also on btc speculation thread)

I found SegWit2 on this price link below

https://www.worldcoinindex.com/coin/segwit2x (https://www.worldcoinindex.com/coin/segwit2x)

Is this just some action before the fork coming up this middle of November...ie speculation..tokens...whatever?

be damn wierd if that price of $1,006.67 held add that to (at this time) $6152.89 (btc core) and $441.83 (bitcoin cash) and $141.71 (btc gold)

Damn, that is $7743.10 BTC! (of many flavors).....this can't hold?

Sure makes things dang interesting.

I suppose there is more than one way to get over this 21 million coin limit...fork BTC Core.

Anyway....what I stumbled over.

... this looks increasingly like pie in the sky ....imho....could be interesting like a heart attack is interesting if it all was to consolidate in 1 fork (price wise) and leave
the others to die on the vine

I'm clueless what is going on..I post this as a head scratching example of WTF

Bitcoin is the first cryptocurrency and acceptance for it is getting wider all over the world. The value appreciation of bitcoin is one of the reasons why people are attracted to cryptos and as long as it continues to appreciate it will remain a big name in the cryptocurrency market

Bitcoin is the most successful cryptocurrency in current market.
The market capital of all the cryptocurrencies is now 150 billion$.
Currently, the value of all the Bitcoin in the world is $41 billion.
Value of bitcoin is increasing much pace that no one has expected.
Due to its limited numbers and ever increasing demands, bitcoin has become more and more volatile.
This big difference in demand and supply is speculating its price. Due to its ever growing price more and more people are getting attracted towards it, creating more volatility.
Due to its unique features like decentralised, peer to peer, less transaction charges. less transaction time and unanimous identity etc it has become a widely acceptable currency.
Latest modern technology of mobile wallets and its continuous improvement may be one of the reason of Boom in bitcoins.
But we must always remember one thing Whatever goes up has to come down.....

We can really see the effect of the increasing of value of bitcoin it is getting well known to all sort of places and people, and I think bitcoin already have proven it's worth to be trusted in the crypto industry,

but It is getting more and more widely well known too, to some scammers and there are recent news that a Cryptonize networking scheme had working to recruit certain individuals and promise certain amount for 6 to 7 months your money will increase to a certain level, I think this kind of scheme was very popular for certain countries in Asia,

we now aware what is bitcoin the coriousty become interested people continue to reseach about bitcoin the popularity of bitcoin totally boom in the year here in my country bitcoin are already popular i watch bitcoin in the news in the local channel.

Bitcoin price fluctuation is based on it's demand and supply in the global crypto market.Through bitcoin form and the bitcoin holders people are attracted in to this digital currency.It's quick increasing rate of value drag people to invest in it ,also tax and service free policy make it more demand among investors.High demand on a limited supply make boom in bitcoin .

All credits should be given to the investors who had so much hope in bitcoin, despite threats of banning it, they sticked with it and invested more of their money in it and made it what it is today.

There are many causes in which bitcoin go boom. One is the news. When there is a convention that will happen or to happen, bitcoin might go boom. And also when the fork is happening there could be a significant growth of bitcoin. And last thing is its markets volatility.

Because of bitcoin is getting popular day by day. I think now more and more prople are knowing about bitcoin and they would like to investment with bitcoin and so the price of bitcoin is pumping day by day

I tink it just got really popular every day by hearing it from friends or colleagues. Because they probably heard stories about how you could make easy money by just investing in bitcoin .

The boom as i see it has been caused by 2 things :

1. Speculation and trading volumes - The volatility makes it a perfect hunting ground for traders and much of the daily volume is attributed to such activities. The more people looking to make a quick buck the more volume hits the system and ultimately the price moves upwards.
2. Investors looking for asset diversification - With equity markets at all time highs and interest rates so low, investors are looking for ways to hedge for the inevitable market correction. Bonds are not as attractive as they used to be and everyone already has a fair allocation of gold in their portfolios. Hence, investors are piling into BTC and other alternative investments in an attempt to diversify themselves even further

It is now widely accepted that due to lack of speed and transaction cost, BTC as a payment processing tool is sub optimal.  I do not believe that the boom is linked to BTC being used as a payment system but rather linked very much so to speculation in the above 2 segments.

When it comes to Bitcoin the outmost benefit that it gives is easy, safe, decentralized way of transactions, trading and business. All the above phenomenon gave a book or boost to Bitcoin to get standardized crypto currency position above all other crypto currencies.
And the Bitcoin is getting popular everyday. Day by day many many people are getting registered in Bitcointalk. The whole credit goes to the investors who has the full trust on the uprising of the Bitcoin.

i think it depends upon different things for example right now there are speculation of the amazon adobting it. if this happen it will be very great for the bitcoin and as well as the investors of bitcoin because it will make it rise its price and in the end beneficial will be investors and traders.
hope so it will

More and more people started to hear of bitcoin at first many could not see the worth of it but as prices rose in the last year many see it as a way to get rich. As more want bitcoin more the price rose.

There are also governments who want to regulate all the finance market. They the discontinued producing the 500 € note and want to get more power in this cases. So a alternative currency is needed, a currency not to be followed.
Also the growing of the BTC which had to reach a size to be seen.

             Bitcoin has reached a record high, more than double the price at the beginning of May and an incredible five hundred fold increase over the past five years. The Japanese government formally recognized the cryptocurrency in Asia's richest major economy.There is been steady growth of International money transfer services that use Bitcoin to move cash from one country to another.Bitcoin has been in news recently of ransomware open demand Bitcoin payment from victims, this also can be the upward demand of Bitcoin.

It's unique characteristics made it boom. The fact that its easy to use and most people is on internet right now.

I guess the high fees (in $ value) also helped, people stoped using BTC for microtransaction and placed it on a higher ground than other coins by having it as a way to measure between them, as consequence BTC is now more like "gold" than ever, as you want it as an appreciative good instead of currency.

In a short time it has created a lot of market turmoil and controversy, but bitcoin is still attractive to a large number of investors.

Even the most technologically savvy of us also have a hard time finding out about Bitcoin. This currency is a hot topic and is discussed frequently in the investment community. So, there are many things you should know about it.

Not only Bitcoin, JP Morgan has 'floated' to the silver market: There is no line but investor sentiment 'nostalgic', prices increased by half!

JP Morgan and CEO Jamie Dimon have been nicknamed "gurus." Compared with Bitcoin, the silver market in 2015 was the company that deployed more advanced techniques.

Mighty mouth declared bitcoin a scam, but CEO JPMorgan made a fundamental mistake in thinking?

Add a financial boss called bitcoin is a bubble

Unfortunately, bitcoin can be a conceptual one, but the level of speculation is too high and the lack of trading has hurt it.

Bitcoin, syndrome and 91% coincidence with Google search results

I think the reason why bitcoin boom is the number of investors who are now invest with bitcoin. As you can compare the users of bitcoin before and now, number of users of bitcoin is really increase now than before. And if we can observe the price, it is higher than before because of investors and users.

The similarity between bitcoin fever and dotcom bubble ;D

The striking feature of this path of enrichment is the "money from the sky".

There may be quite a lot of factors on bitcoin boom.

• The rise of ico in 2017 ,There are like 1000 ico going on right now almost all neeed bitcoin to participate
• The social awareness of bitcoin ,in 2017 we found lots of youtubers promoting crypto currency hence this pump.

That's exactly why I never talk about the 'earning money' aspect when explaining Bitcoin to people. It shouldn't come as a surprise that there isn't such a thing as making easy money. People who think like that are nothing more than gamblers hoping to bank on a short term pump. If they finally buy themselves into Bitcoin, and the price happens to tank after that, they act like something bad has happened to them, and that unexpectedly. There are even clowns blaming Bitcoin for being a scheme, just because the price goes down after them having bought. These are the sort of people that will never be able to contribute to anything. I call them blind chickens. We need people actually understanding what Bitcoin is, and not ping pong gamblers.

Didi Taihuttu, who lives in the Netherlands, has a strong belief in mathematical coins, having sold his fortune to a living camp, waiting for Bitcoin to rise.

Indeed this has happened . Still people are favoring bitcoin because they are in search of ways which will help them in earning more in quick time . And bitcoin is providing a golden chance to its users. And in future it will raise even more and be able to compete the well accepted currencies of the world.

I think Bitcoin's asset is its price. Who would have thought that a single digital coin costs 6,000 USD right? When people heard of that, some started to do their own research to know how'd it be possible. And if they are convinced, they will invest. And if a relative or friend told them about bitcoin and proved that it wasn't a scam, for aure they will be interested.

Of course with some improvement after fork can be one cause bitcoin to be boom.
In addition, there are some interesting facts when famous people express their opinions about bitcoin and provide positive feedback, this can also impact the bitcoin boom in various social media.
Thus, a lot of things can have a great effect on bitcoin. Depending on where the source came from and how the reactions of the business market will be.

There are so many technological advancement bitcoin have impacted in some country and also bitcoin have gain popularity this year more than any other year. The fork also contributed to the increase in the price.

Acceptance can be seen as the coin’s popularity and as we know being popular is a way of demand so acceptance is no different than demand even if we are giving it another name, it is the same phenomenon, and it is obvious that as time passes the acceptance of bitcoin is going to increase.

There are lots of contributing factors that affect bitcoin price rate which makes it boom in price. The popularity of it and the continuous support of the users and potential investors, the bitcoin's popularity also got into its peak making it a result of having the price rate reached its desirable price of $6000.

Definitely right.Bitcoin has boomed reaching its peak price due to the users and investors demand.As soon as they will continue to use bitcoin,then for sure it will also continue to grow making it more reliable and a very good source of income  for the bitcoin users and lovers.

Word of mouth. I used to be the only bitcoin user in my school and now we are plenty. And by plenty I meant like there are people in my school that are using bitcoin but are not directly connected to me. I just talked about how I earn money on the Internet to my classmates and friends. At some point, I guess they thought they also want to help their friends and so they talked to them about it as well. And that's exponential growth right there. My friends' friend will be talking to their friends about bitcoin as well and so on. We all know that in exponential growth, even when in the start there's only just a couple of people involved, the growth will be unbelievable in the future.

The popularity of bitcoin gives it hype and thus with the demand law, the price gets higher and higher.

Agreed. As popularity increase, price booms. It is explained as supply and demand in the economy fundamentals. if demand grows more then supply then price increases. very easy.

It's like people now get influencing and following the trend but not really sure of the practical uses and other aspects of bitcoin when the crypto would be of real use it will be unstoppable.

Various explanations were provided for bitcoin, in specific people who doesn't experienced the goodness of bitcoin indicate it as a boom same as that took place when the internet Revolution took place. In reality the growth is true and nothing seems to be a boom to burst anytime.

I feel that this year's bitcoin market has a lot of new entrants, which has brought strong vitality to the bitcoin market. I think this trend will continue in 2018. So we can just hold on to bitcoin

Well I think it slowly gained acceptance after the Mt. Gox crash in late 2013. Confidence was for sure shaken after that and it took a while to recover from that whole incident. Once people knew that wasnt going to happen

again there was confidence in the market and the big boom happened after all the bear years. Should have been expected eventually if you follow markets which the crypto markets are no different.

Bitcoin grows because it is decentralized, unmanageable, anonymous, secure and has fast and cheap transaction prices. And all other crypto-currencies bear prospects and are traded mostly with bitcoins.

There are no specific reasons to boom in bitcoin. but it is seen from the last two-three years, its price is increasing as many people are interested to invest on bitcoin.

this year is the best year for bitcoin and i do agree with that but actually i don't know too why bitcoin boom but probably the highest price is the main cause why bitcoin boom in this year and the best part is people can collect bitcoin from free way and exchange it with money so i think this is also could be considering why boom in bitcoin

Bitcoin's influence have reached more people as time goes by with the help of people using social media platforms. As a result, many have been curious and gave it a try. And so the law of demand and supply kicked in. Aside from the demand and supply I cannot think of any reason for its boom. I guess it's just a matter of how the demand have risen. I think what contributed more is the help from well known personalities who supported and promoted btc in any possible way they can. Nowadays most people are being fanatic that whenever someone they idolize endorses or promotes a brand, they will definitely buy it. Same goes with btc, if you heard Bill Gates talks about btc you'll definitely wanna know what that is and then maybe purchase some of it. And there are also others who are just simply want to get on the bandwagon.

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One reason I think is because many people are using social media and because many are posting about cryptocurrency, they will see it and jumped into it. This year many people are being involved into bitcoin and because of that, the demand will be higher and the price will increase. This year is so far for me the best year.

I believe there is a novelty factor, and that people are looking for new mediums of exchange. The banking system currently charges very high fees, and some altcoins have solved that problem and may potentially undercut the big banks. Bitcoin is increasingly being viewed as a store of value given that it is very expensive to mine and acquire.

First it is bitcoin's traits, being a faster transaction, having anonymity, being more secure than banks, and of course bitcoin's volatility, however though we have a good investment, it will still not be possible without it's technology, which block chain, it is a revolutionary technology that allows us to determine how much Bitcoin we are getting or being produced and is also being used now by a lot of ICOs. The second think see, is controversy, if Bitcoin was not being publicly harrased, Bitcoin will not gain any publicity, since a lot of people had bad mouthed Bitcoin, it only made matter worse for them, after they bad mouth Bitcoin, the more the people became curious and invested in Bitcoin. Third, I think are the enthusiasts, it was them, that really made the first investment back then, not the controversial criminals we hear about, that are running the deep web, they were the ones that bought a lot of bitcoins, for the fun of it, but now, what they have already costs a fortune, and a lot of people wanted to do the same, that's why they follow their footsteps.

bitcoin ride no one guessed, I think the interest of buyers is more dominant nowadays. bitcoin is the money of the future or it can be called a means of payment for the future. bitcoin every year more and more is known that makes the bitcoin value continues to climb up.

I think the caused of Bitcoin price going up like crazy is because of the upcoming fork and the interest of investors to have profit on it. Having a Bitcoin in a Bitcoin address will give you free fork coin after the fork which means free cash if that coin will succeed in the market just like eth classic and bitcoin cash.

The slow evolution of human... When they talked about paperless currency in the past, people balked and clamored. Now we are rejoicing because it posits the possibility of real wealth.

There will soon be internet everywhere, and thus the ability to spend crypto's everywhere.

Bitcoin is the first, therefore THE Blue Chip Coin.

The world is transforming people. Get everyone else on board.

There no other thing that influences its market value to be as high as this , no other than the demand that it is getting from the market. Ofcourse there are lots of factors which makes the demand high but the thing here is that, as its market value is getting higher, the root is that the demand is also getting higher.

The demand. The number of users is the reason why the price of the bitcoins has exploded. And the two hardforks that really did increase the price of bitcoins. Many people really will have the interest to enter the bitcoins because of the rapid growth you invest in here. for example, bitcoins are rising. But last 7 days we saw the drop of bitcoins and it quickly rose again and is estimated to reach $ 8,000 this month.

Bitcoin increase its price by means of demand in the supply. In which interested persons are buying it at the lower price then it will be boom when it gets the credentials. It is not possible to make the bitcoin so high but just that it is not lack of demand.

More people using it, and as days pass by without problems on the network regarding security, the stronger it will get.

I think because of the limited supply of Bitcoin and the demand to buy Bitcoin much so that the price of Bitcoin rises drastically.
Other causes are also Bitcoin getting famous in the world so many people are interested to buy Bitcoin.

i think its because demand of the buyer that will make bitcoin price is increase beside that they don't want to be late to get in the bitcoin party. some new people is trying to buying bitcoin while the price is on the price now and they want to make a profit because of the increasing of the party. i see there are so many order in every exchanges that caused bitcoin price is still up and down and its never end day by day. many people is attracted to bitcoin world and they know that bitcoin price will be increase so high.

The amount of demand is the cause of bitcoin to boom and boom. The more the demand the more the price will rise. Bitcoin is spreading in the whole world and expect the price to rise every year.  ;D

Yeah, demand dude to mainstream media covering it positively these days. Initially any media coverage was ALWAYS negative. But now Bloomberg, and at least in Australia, main news Channels report on BTC daily value just as they do gold and the AUD, and its generally positive.

Black markets for sure. I think when drug dealers and weapon sellers and whoever is dominating black markets like credit card/passport stealers, I think bitcoin saved their anonimity and it was huge for them. Low transaction fees and could store billions of dollars without limitation. And that follows the popularization of bitcoin in the world wide web and started having different exchangers, wallets and platforms. And all leads to this current price.

Users that trust bitcoin caused it to be more popular and ofcourse bitcoin itself. The capability and power of bitcoin is the reason why its demand gets higher every year.

Is just because of popularity and it is now marketable compared before at a time that first digital currency created(bitcoin). Bitcoin before isn't know to everybody, not even having value in the market but as it is introduce by Satoshi in the market then it start to gain trust and it's usefulness for the present generation.

It is hard to say, I remember people were listing the same reasons back in 2013. All major sources of mass media were talking about it even then, but after that it collapsed and was low for several years. Mass media adoption does not always mean positive price movements.

Yeah the main reason behind the booming of price is that people are now well aware about the bitcoin and its blessing and they want to earn some good revenue from it to change their financial situation so this is main reason behind the high demand and I think in future demand will get more high because this is just beginning. Still many of regions don’t know about it yet and their knowing will give more boom.

It's the popularity of bitcoin nowadays that makes it boom.
It covers up the world, globe and the universe.
By its popularity, bitcoin organization is getting bigger and bigger, that pushes the value to its peak.

#THought
#MorePower

The popularity rised along the world. More people wondered bitcoin. More people came in. More of them bought bitcoin. More of them tried to spread the word out. This caused an economic boom in bitcoin price. And some capital ventures supported bitcoin.

Yes thats correct and I qould like the fact that bitcoj has been known and contained bigger amount before leads to attract may workers to try their fortune here and boom bitcoin has been known worldwide.

I absolutely agree to that, in the year 2017 the price of bitcoin become more expensive and no one knows that it would happen and I think it will continuing in increasing and I hope it would happen. In addition to that, I think the popularity of bitcoin is one the reason that it makes boom.

Indeed all possibilities can happen to Bitcoin, although basically demand and supply always be a major milestone in Bitcoin price, but I think government policy can also affect Bitcoin price, let alone the most influential government like china, japan and russia But just my opinion only.

There is more to it that Bitcoin Fork is a reason. The price of this Bitcoin is also increasing for this. And maybe it will continue to grow in the future. And the results are seen in front of the eyes.

Bitcoin is rising because it is becoming mainstream now even though it is still in its early stages of growth and development. It is like the internet, previously it was only at 56kbps max or dial-up, and people did not adapt to it instantly, but now, it is part of everyone's daily living. We may see the same fate with bitcoin, which is being adapted and used as part of everyone's daily living.

Bitcoin's fork is all about development, it is all about upgrade. A lot of proposals was made and debated in order to make bitcoin more interesting and popular to a lot of users and investors. As a result of that development, you can see now the increasing demand and the overflowing bitcoin price and might pump more because a lot more users are buying this digital currency.

What caused the boom in bitcoin, and how bitcoin was successful on the virtual money market
Bitcoin is the most valuable virtual currency on the market, because it is a powerful virtual currency, it is burning many large investors.
It is very new to a currency that is not real, it is a currency created by our beliefs 8) 8) 8)

This year, the value of the crypto money market increased by more than 1,200% !!! According to CoinMarketCap, the total market value of these digital assets (market share) has risen more than $ 230 billion. At this level, the total value of crypto currencies increased by 1.200% this year after starting with more than $ 17.5 billion in 2017.
- As a greater majority in the market is trying to understand this market dynamics, the interest in the market is increasing,
- Price increase and increase in interest complement each other,
- As the value of the crypto currencies increases, it attracts market watchers, which in turn helps increase in prices,
- In the first half of the year micro level investors from China, Korea and Japan were suppressing Bitcoin prices. In the second half of the year, corporate investments and micro investments from the US market began to enter the market.
-Increased investment, especially from traditional finance: hedge funds, family bureaus, high net worth individuals, and even if not yet, such as banks, pension funds and sovereign wealth funds
- Crypto currencies have experienced sharp price fluctuations in the past, up and down and many observers, now it is also possible to think it's a balloon
- Please bear in mind all time that a significant portion of the 2017 earnings might be lost easily due to price falls in the coming years.

What do you think?

All that's happening with bitcoin is the real growth. This is simply based on the demand to the supply availability causing the variation in circulation of bitcoin around along with the market valuation. It's not the boom, it's the realistic growth of bitcoin overcoming barriers.

Those surges in value of bitcoin are caused by :
1. Inevitable worldwide demand for virtual currency - Bitcoin showed the people a more efficient and secured system for virtual currency which tend to make life a lot more easier
2. The HYPE - The unstability, sudden surges, price fluctuations of bitcoin drew the attention of a lot of investors making it  mainstream worldwide. Also, include the social media who made buzz about the certain currency.
3.  And mostly a lot of people cheering and supporting bitcoin. Bam

It is not just because of its popularity since it is the oldest one when it comes to cryptocurrencies. But also due to its' price volatility that attracts a lot of fearless people to invest with bitcoin. And for the typical individuals like me, bitcoin helps us to earn extra income the fastest way. That's why i believe bitcoin become the talk of the town.

Bitcoin is indeed a good way to earn an income.  To people like me who have a job and tend to look for an extra income, bitcoin is a good job to have.  The earnings I have from bitcoin is much higher compared to my salary.  Bitcoin is trusted and proven to give real income that is why it is the most sought digital currency.  Its high demand makes its proce to goes up.

I think the reason is the growing community of bitcoin user and popularity in many country, also the people who get attract and get interested in bitcoin is increasing. Thats ways there's cause a boom in bitcoin, even there are negatives news about it.

Major caused of booming of bitcoin, We all know that bitcoin has a limited amount in nature, the sudden rice of investors and limited supply in the market will directly affects the rise and fall of btc value . We cannot control the influx of user because they find good profit and easy money in the real world.

There are many reasons. First, this might be because of its popularity and its value in terms of money since the demand won't be increased if the people who knew this aren't gaining from it. I think Bitcoin will still happen or exist if the people will continue to use it. Second is that there are lots of advantages when you start using bitcoin, sometimes you just have to discover it by yourself. And maybe as of know, Bitcoin is still continuing to improve.

For example, Bitcoin joins the Chicago futures. The price of bitcoin will go up. For example, some places began to announce the acceptance of bitcoin payments. The price of bitcoin goes up. For example, some countries recognize bitcoin. The price of bitcoin goes up. :)

Well maybe because of gaining users of bitcoin. It is more popular than ever. The rise of investors and users are one of the reasons why. More demand, higher bitcoin value/price. Though many countries banned bitcoin already, the bitcoin's popularity in the world is literally no joke. Months passed bitcoin was surprisingly improves itself. People that are now using bitcoin thinks of it as a very convenient job at home or maybe a part-time job. Maybe bitcoin became popular because this is really convenient and useful.

Yes you're one of the most boomers in the price of bitcoins is its supply and demand. But there is another that really contributes to the price of bitcoins and is the hardfork. Because hardfork is a step to improve bitcoins it comes from an altcoins generated by hardfork.

With the limited amount of bitcoin while bitcoin users continue to grow, bitcoin continues to soar, with added positive news and gossip on the bitcoin.

law of supply and demand. yes that's and it goes this way. Many wants  to invest in bitcoin but no one selling. so thats now the bitcoin price high. because few available bitcoin circulate on the market. Many wants to buy but less people selling the coins.

Because of the volume of the people who used and invest bitcoin the demand is getting high that is why the more we need it, the value of bitcoin will arise or boom to the highest level

It is true that many ICOs came out this year. But they were almost based on the ETH blockchain (or sometimes Waves), so these coins should have grown more than Bitcoin...

perhaps it was beneficial to those who launched bitcoin into the world...it was probably advertising...people began to pay great attention to the cryptocurrency, because this is a new technology and it's interesting

increasing the existing assets in bitcoin is the biggest breakthrough that can make the boom in bitcoin ..
what is this cause ....?
  or it's a plan for bitcoin to raise prices at this point. which will be a surprise for investment ...

Because Bitcoin is the digital cryptocurrency and it is spread across the globe. Its quality is very good and it is becoming very popular in the market. Because Bitcoin is so booming or people are attracted to it because it is a huge coin of profit.
As long as it is in the world market, it will be admired and appreciated by everyone.

there is a saying that there is not such a thing as bad marketing and I believe those FUD news from huge companies and big investors has caused the people to invest more into btc and be known globally.

"What Caused the Boom in Bitcoin"

Well Bitcoin was doing sort of OK using Tor to sell weed and a flash of tit's but about 14 months ago
it took off after WannaCry type viruses popped up all over the place forcing people to pay a ransom
payment using Bitcoin.

These payments were used as seed money for the boom I thinks and Tor does not get a clean bill of
health from me by any means so read in to that what you like.

Often BTC is just one cryptocurrency that darknet shops accept. Including because of this factor, the BTC`s demand has grown a lot.
Also it is good way for money laundering (many criminals choose schemes with laundering throught cryptocurrencies).

I think bitcoin is not booming.
Bitcoin has been around for a long time.
Maybe in the near future, many people use it because bitcoin has a high value. The high bitcoin price besides the demand and supply element is bitcoin currency has positive value in the form of not having inflation and world currency.

i heard last year one factor that made bitcoin price boom is wanna cry virus.
That virus lock down the user's computer and had to pay some bitcoin to unlock it

Bitcoin is the first cryptocurrency and its acceptance is increasingly widespread throughout the world. The value of bitcoin appreciation is one of the reasons why people are attracted to cryptos and as long as it continues to appreciate it will remain a big name in the cryptocurrency market, and I'm sure its bitcoin is getting known to more and more and more investors as well.

I guess the high fees (in $ value) also helped, people stoped using BTC for microtransaction and placed it on a higher ground than other coins by having it as a way to measure between them, as consequence BTC is now more like "gold" than ever, as you want it as an appreciative good instead of currency.

For me many people know Cryptocurrency. So maybe there are so many people who know how and how it works. And there are so many countries that give Good news and Bad news to Crypto so many people like to try it out, even though they know there is a risk here. Maybe it's just that.

Yes, this is the best year for cryptography. Since then, we have seen a rapid growth of bitcoins. Because many people came and learned about it. Many companies also used cryptography to pay bit-coins for their services. Therefore, we expect higher prices, by the end of 2018

down and rising bitcoin is very difficult to predict, but if viewed based on existing facts, rising and falling bitcoin is also strongly influenced by good news and bad news world crypto

With a unique payment method bitcoin can offer to comapany and individuals online because no one can manipulate or interfere its volume and function sincevit is decentralized and the increase of business who want to adopt bitcoins platform this are the main reason why the price of bitcoin surge to un expected growth with more and more peoplecwantvto incest in bitcoin this trend msy continue to go higher in the future.

Who would have thought that a digital coin cost about $ 9,000. When people hear of it, some people start doing their own research to find out how it is possible, if they are sure and they are investing. A relative or friend told them about bitcoin and proved that it was not a scam because they must be interested in bitcoin. 8)

Bitcoin has brought revolution in the online world. It has been developed by Bitcoin to change the transaction trend. That's the reason for the boom.

The price boom that happened last year and is expected to happen by the end of this year as well is brought about by the holiday-season-price bom. Which always happen during September and ends during tge first week of January. This so called holiday-season boom because of the fact that due to the huge surge of people that buy bitcoins in this time of month bitcoin's value uncontrollably goes higher. Whuch therefore results to bitcoin's valye rising as well.

The cause is due to, in association with ICO (Initial Coin Offering). So far the value of money raised by beginners through ICO offerings is higher than that earned by early venture capital firms. Investors must convert money into Bitcoin or other virtual currency to take part in ICO, then the price of digital currency will be higher.

Well I guess the reason why people are into bitcoin is that they are appealing to them, the idea of decentralization and it unique feature capture the attention of many investor, they want it to help them progress and make their life easier they can use it anytime anywhere they go and also for much bigger profit.

I agree with you, right now buy bitcoin, its price is not too expensive, however, seen from the year before it, bitcoin cheaper than now, but for the next year its bitcoin will rise again

The main reason is its revolutionary technology and a lot of enthusiasts who started new projects on the blockchain. There is a great potential in bitcoin so nothing strange that it has boomed

in my opinion bitcoin become famous again because from year to year harag bitcoin always experience price increase so make bitcoin price always crossed in some media and make many curious people finally bitcoin many know and become famous.

I think One of the main driving forces behind the bitcoin value over the years is the fact that Bitcoin provides increased convenience and convenience when it comes to online transactions with the added bonus of security and pseudo anonymous transactions.
Bitcoin is one of the most famous digital currencies in the world. It's classified as a safe, respectful, decentralized digital asset that has helped to help its popularity and value.

There are a few reason what Bitcoin became so popular. Some part of the community cares only about profit and don't want to talk about technology and solution to the current Bitcoin problems. The rest is fascinated about being able to make payments all across the world without using banks which charge enormous fees for their services. It's high time we got rid of them and helped cryptocurrencies to become more popular among ordinary people.

It is not just because of its popularity since it is the oldest one when it comes to cryptocurrencies. But also due to its' price volatility that attracts a lot of fearless people to invest with bitcoin. And for the typical individuals like me, bitcoin helps us to earn extra income the fastest way. That's why i believe bitcoin become the talk of the town.

The bitcoin can dump because of the fake news that spread in social media. Some of the newbie scared about the news so they will panic selling and the cause of the bitcoin will be pump the big investors that will buy bitcoin because they have a knowledge about the potential of crypto currency.

The attraction of bitcoin comes from the fact that it does not exist. Every bitcoin is just a bunch of Numbers. A decentralized computer network ensures the authenticity of bitcoins and issues new bitcoins through complex calculations, rather than through Banks. This allows bitcoins to be traded on peer-to-peer (P2P) transactions, bypassing credit card companies and payment processing companies. It is digital cash, like the money in a paper bag, which also gives people relative anonymity and freedom.

This years boom I think was down to the narrative that institutional investors were coming in, namely the CME and CBOE futures. I think people wanted to front run their entrance. Will be nice to see what triggers the next one

There are many factors that cause bitcoin boom. I think the most important factor is speculative demand. Many people get wealth by investing in bitcoins, and new investors continue to join them, which will quickly push up bitcoin prices.

I do not know exactly what factors are causing an explosion of bitcoin prices. Let alone now everyone knows about bitcoin and cryptocurrency. They are curious and start investing bitcoin so that at least boost the price movement of bitcoin.

It is actually the people around the world wants to get bitcoin so that this is the caused the boom of bitcoin, with also the demand in the market of bitcoin we all know that bitcoin is so much popular to people and the investors in every country.

Very big HYIP and advertising in the media

To me the cause of bitcoin to go boom is the media coverage and attention that it has received. Especially with how bitcoin has been able to create waves both positively and negatively it affected some of the people, government, institutions because they might have looked into this or might have invested and with the attention comes a lot of people wanting to try out bitcoin and with the community being active thiis is expected

Boom in the Bitcoin is because of several reasons, there is huge price hike about 1000 times from now on, secondly, it can be used/accepted online worldwide, thirdly, it is fast and accurate, and there are lots of other reasons for different people.

After extensive research: more buyers than sellers.

As you said, the price depends on the law of demand and supply, there was a high demand in the market for Bitcoin from the big whales and institutional investors and since the price boosted in a short period of time, it created a panic buying wave in the market which again pushed the price of it. However, since it was not the organic growth, we had to face correction process and price fall by 65% recently.

That's true. With the great users and investors of bitcoin and the demand is spreading widely makes bitcoin increased highly. Also through legalization of other countries it helps bitcoin cryptos to be highly demanded and the price will boom nearly this year ends.

For me i think the cause of boom in bitcoin is the investors who invest their money to bitcoins they make bitcoin popular when they invest in bitcoin btc will actually grow as the time goes on many investors is still attracted to bitcoin.

There are so many technological advancement bitcoin have impacted in some country and also bitcoin have gain popularity this year more than any other year. The fork also contributed to the increase in the price.

What caused Bitcoin boom? One of the opinions is that the very first Bitcoin crypto currency was an innovation "from below", and not "from above", i.e. not an initiative from the state, but a decision from the people. The more interesting to follow the history of the emergence and development of this innovation.

It is not just because of its popularity since it is the oldest one when it comes to cryptocurrencies. But also due to its' price volatility that attracts a lot of fearless people to invest with bitcoin. And for the typical individuals like me, bitcoin helps us to earn extra income the fastest way. That's why i believe bitcoin become the talk of the town.

I think there will only one thing that make bitcoin boom for now and I think it's because the price that jump to the highest price ever in the last December and from that time, people realize and see that bitcoin can be another solution for them to make more money. with the price increase, many people start to buy bitcoin, no matter it's so expensive but unfortunately, after they bought much of bitcoin with a big money, the price is getting down and reach the lowest price again and makes them disappointed with bitcoin. and then, many of them said that don't invest your money in bitcoin because this will makes you lose your money because I already join in the bitcoin but I cannot makes any profit. but then, people start to learn more about bitcoin and I think they found something related in bitcoin that bitcoin still be a good investment that they can have but they need to be careful with the volatility of the bitcoin price.

It depends which year you are referring to, as technically almost every year since its release in 2009 it has boomed in value. I think last year was caused by a huge FOMO wave which lead to a lot of weak hands getting in at a price point they couldn't be happy with, and when it inevitably dipped again these weak hands sold out and worsened the market state.

I think the massive buy out causes the mooning of bitcoin. Additionally, the forks as well made an impact. Advertisements and news also caused people to invest in Bitcoin.

The cause is the good influence of many user about it and also about recognizing many country to use it,and i think its also becuase of social media,like news ,advertising about bitcoin,so there are so many reason on how and why bitcoin price getting pump.

supply and demand of any kind of electronic money will affect its price. An electronic currency has a lot of supply, but less demand, its price can not be increased. While an electronic currency has a limited supply, it is expected to see significant price increases. To a certain extent, this particular factor is the driving force for Bitcoin to rise.

As bitcoin gain its popularity through various mediums like news or internet, many investors are attracted to invest on bitcoin. The popularity affected the growth of bitcoin because more people are investing in to bitcoin. As there is positive news about bitcoin, we can expect for it to rise and when there is negative news, it is more likely that investors are getting afraid of investing because of negative news.

I can't think anything about other factors that affects the price but I know for sure that the popularity of bitcoin has spread out because of everyone's effort for sharing the good news to other people. And other bitcoin enthusiast who make blogs .

I think the sharp boom in bitcoin was due to the increased demand in the market. Perhaps it was created intentionally by large players and picked up by other investors

The Booming of bitcoin just started as we are observing the movement, and cause of the boom in market and other Exchange, simply known, Base on few months on force news on bitcoin and bitcoin has paid the prize to overcome the challenge, for sustainability for a long period of time  investment and trading

Bitcoin has a great futures and highly recommended in the market than any other alt-coin. that is the most reason why bitcoin is booming seriously and the function on trading platform always maintain the range of prize fluctuating at any point in time.

Bitcoin is really attractive because of the Latest Blockchain technology and everybody like the Blockchain latest technology the main thing is everyone knows the good thing of this latest useful technology, this technology demand is increasing day by day

I cause for a success of bitcoins is the fact that bitcoin is the very first cryptocurrency that has been introduced to people and being trusteed and patronized by many before altcoins was launched. The demands made the market up to the highest and for that more and more people desired to invest their money and even sold their other properties just to invest in bitcoin. Me aswell are one of those.

Well people already know that ever since so i don't know that fact is what caused btc to boom. People are becoming aware of btc and crypto right now and you can see it more in television news and social media. Curiosity is probably more of a reason for this boom.

we know that bitcoin is booming right now, the price of bitcoin is increasing high and so high than before, why? because the booming in the public about bitcoin, about the price that increasing in 2017 that makes bitcoin is popular in the public, and all people want to know about bitcoin and want to investing in bitcoin because the price of bitcoin is high and they hope that can gain the profit from the investing program

Simply attracts to the users because of the good features that we can use it anytime. In terms of price the time when btc price increases because of demand more users involve in bitcoin. Ofcourse added to it the blockchain technology which really helpful.

There are a number of reasons why bitcoin boom   quickly, the government can not control it,  future economic potential  . And it is important that its value can increase significantly in time  short . It really made many millionaires and billionaires when investing in it. That is why many investors are fascinated by it. and make it boom like today.

Bitcoin is unique by having decentralized form and it is the first crypto currency, Every time I ask a people " do you know crypto currencies" the first thing that comes in their mind is bitcoin it means bitcoin is the most known in terms of popularity, bitcoin also attract so many investors because it is proven that many people became millionaire through the help of bitcoin.

Bitcoin has become the most famous platform in the crypto market.And the number of people associated with it is increasing every day.Everyone who is working in it by joining Bitcoin.He is getting the finance benefit from this platform. Bitcoin caused boom

In my opinion the boom in the value of bitcoin was caused because more and more people were using bitcoins for their transaction and it always till the network became clogged with unconfirmed transactions which made the fees go higher and when that happened people stopped making transactions which then dropped it to this current value/

We know the system of bitcoin i guess the only reason why bitcoin is get  popular because it is obviously a high technology we cannot find a transactions of money where easily be transmitted in just a second anywhere in the world easily using thing bitcoin easily we can do that and at the same time bitcoin is also a investment for all of us having a money in the market making the demand of bitcoin to pump its market cap. obviously, the real cause of the pump is the demand of bitcoin because it get popular a lot of people want to try it.

Because bitcoin probably no one can control it being one of the advantages and be the reason why bitcoin is booming in this world. And one more reason because its bitcoin supply is limited and bitcoin can not be made into counterfeit goods like real money. Bitcoin is world wide meaning it can be used all over the world. For example there are people who are accustomed to travel and have bitcoin, this will facilitate the exchange of money because the spread will be easier.

I agree! I think some of the people really are fond of spending money before or during the holiday seasons. It is really a season where money is easy to find and generate. I believe that some people hold their money and spend it during this time.

As for Bitcoin, I am still believing that history will repeat itself this year and the coming years.

Hello everybody. The Bitcoin boom is caused by a whole system of factors, most importantly, in my opinion, Bitcoin's absolute security. Of course, the herd instinct or who did not abolish - people watched, watched two, and the third time they bought, because a friend or an acquaintance bought a couple of Bitcoins. The very word Bitcoin somehow magically acts, but seriously, - the price rose as a snow avalanche, luring more and more new investors. Of course, the global information component had a strong effect - Bitcoin was not only called a bubble that would burst, but also a revolution in the world of finance. Many well-known analysts predict the huge value of digital gold. This and much more has made it worth $ 20,000. After all, even now the price of $ 8800 for one BTC, is simply huge. Read the messages on the forum in 2011 - people generally dreamed of a cost of $ 1000.

Last december the price of bitcoin are reach 20k$ that are biggest price ever and i think the caused of the boom of bitcoin are many people are investing on bitcoin that time and they will buy bitcoin at the high price.

I think that all this is done by large investors who have the opportunity to move courses with large amounts of money.

Technology! Blockchain contributes to the emergence of new ideas, new opportunities, products that can improve certain issues in the industry.

Because it has gone mainstream and demand is growing. Basic economics.

Because bitcoin is the first cryptocurrencies and the recognition of it's far now getting wider all around the world this essential cause why bitcoin fee and recognition have become a success. The cost appreciation of bitcoin is one of the reasons why humans are attracted to cryptos and as long because it continues to understand it's going to continue to be a big call inside the cryptocurrency marketplace

I think it's because that bitcoin and cryptomarket itself went to far already, and the point of "no return" is passed some time ago.
Thanks to all the media who was spreading "good" news about bitcoin in 2017, that definitely brought a lot of people into the industry.
Ability to gather money through ICO, also brought new investors into crypto community, who enjoys this type of crowdfunding.
I think in the next 5-10 years we will experience a great boost in total market cap, and new all time price heights for top cryptos as well.

Of course, the most direct cause of bitcoin boom is supply and demand, and all markets are the same, so long as there is demand, the market will become more and more prosperous. There may be many factors in the demand for bitcoin, some people need bitcoin cross-border payment transfer, some people may need to accumulate bitcoins for investment value.

Boom was caused because people see big gains. FOMO.
A lot of them got burned so the question now is when critical mass of
new people will be reached or when some big news will come out.
Before that I doubt we will see such a big boom again.

The combination of good and bad press that surrounded BTC last year probably helped with the price. The truth is that sometimes bad news reach people faster. After hearing the horror stories, some users may be tempted to learn more about it and take a step further and invest to HODL / trade, while others will start selling at the first appearance of dificulties.
The extreme number of ICOs (although most received Ethereum), may have also helped push the price higher and higher , and the projects cashing out post ICO in January, may have influenced the dip, even if just slightly.

Of course, the immediate cause of Bitcoin's pump is the strong growth of its demand. The demand that we are talking about is something that is a little broad and complicated. For example, the demand had risen so high and fast during the last quarter of the year 2017 despite several negative decisions of some governments. I guess the demand was largely caused by the need of the people of an independent payment system.

I think bitcoin helps us earn extra income in the fastest way. That's why I believe bitcoin to be the talk of the city.
Not just because of its popularity because this is the oldest when it comes to cryptocurrency. But also because of the 'price volatility that attracts many people who are not afraid to invest with bitcoin.

It could be one of the few problems arising from the falling or rising Bitcoin prices on the market today. Selling Bitcoin at a very large amount when the price rises will have an impact with the Bitcoin price in the future.

Right! The increasing demand is getting stronger, but I believe that we are the cause of its welfare, due to our hardwork, perseverance, and support. At some point, the volatility and media influence have contributed not only a bad image but helped Bitcoin to attract more people to be more interested about the market.

Well for me I think because it is the real thing, it is true. More and more people with real stories, real financial issues are popping up to prove that it is real and it works. So the demand for it just continues to grow, people are looking for something real plus the fact that people want something that is decentralized, secure and transparent, they are tired of just promises and just words, this time, it is real and the words and appreciation for this technology are from regular people who just wanted to earn for their families, everyone can relate to it, so the demand and the curiosity of people were ignited, who wouldn't want to earn at the comfort of you home at your own pace and time, right?

it was the price spike and get rich quick kids came here to get the same. Fortunately it didn't happen, so most of them already left in tears. Now there is space for patient investors to reap the benefits

In addition to the demand and supply factor of bitcoin, the popularity of bitcoin is caused by the underlying bitcoin technology, the blockchain. This blockchain technology is designed to withstand the manipulation and data modification. In bitcoin, this blockchain is used to record transactions between parties with verifiable and irreversible methods. The blockchain data is permanent because once recorded, the data in the blockchain can’t be changed without altering the data on the entire network. This technological advancement makes bitcoin increasingly rising. So, many people are curious about bitcoin.

more investors mean more money flooding the crypto world and especially to bitcoin. This has led to a remarkable increase in bitcoin market capitalism. It's so high now so it's impossible to push it down.

The popularity of bitcoin, this is like the phenomenon the word of mouth. When many people are talking about bitcoin especially in cyberspace, it will make more and more curious people. Then, the people will find out about bitcoin, especially when people are increasingly aware how beneficial bitcoin is. So many people wanna dabble and invest in bitcoin. If the chain makes a lot of people want to know so the popularity of bitcoin will increase.

Bitcoin is becoming popular due to its exceptional advantages and even its disadvantages made the people more curious and willing to participate on its field. Most of all, it has increasingly developed because of our viable trust and strong belief that made wave across the world and let others become aware of its valuable features.

I think bitcoin has a certain price because it is purely sourced from the demand and supply of the global market.

In the future, the price of bitcoin will depend on how well it will show itself as a currency. If it is widely used as a medium of exchange and is stable enough to be considered a means of saving, its price will be high.

Each of us has a high standard when it comes to security, and I believe this what made bitcoin standout because of its secured blockchain technology. The transparency it offers, where transactions are recorded chronologically and publicly, and also the no chargebacks mechanism that give comfort to prevent fraudulence.

Safe decentralised currency. What can be better than this? I think that Bitcoin is worth it and in the future I will try to trade bitcoin as well. Now I prefer holding and waiting for the high price

The central banks have been printed money in a way never seen before in the last 10 years, so we are now in the middle of the everything bobble, so the price of bitcoins also rising, but the limited supply will keep make bitcoins more and more expensive.

Last year, a sharp increase in bitcoin contributed to the speculative rush demand for it from mass investors who began buying bitcoin in the hope of gaining super profits from a rapid increase in its value. As a result, bitcoin really grew very much in price, which led to an increase in the demand for it. Due to various circumstances, including due to the actions of Mt. Gox from Tokyo, this crazy race was stopped and bitcoin naturally went into a deep and long correction. If this were not stopped in this way, perhaps bitcoin cost today several times cheaper.

I think the progress bitcoin has reached now is just an initial step for great success. There is more to come, price is increasing, more investors are getting attracted with its potential and no wonder it's future will be limitless. Our unity would make bitcoin more popular and be accepted globally in the coming years or so.

There are many factors that cause bitcoin boom. I think the most important factor is speculative demand. Many people get wealth by investing in bitcoins, and new investors continue to join them, which will quickly push up bitcoin prices.

in my opinion, it's started the rise of bitcoin enthusiasts this year from the rise of smartphone users, increasing the use of social media and the online world, from which they can easily get information about bitcoin, because as we know the information can be very quickly unstoppable spreading moment this.

One of the reason why bitcoin boom is the good factor and  how it affects to the people who used it. Despite of some fake news about bitcoin , still a lot of investors continue joining and investing on it.

There is one rational explanation for the rapid growth in the value of the main crypto currency. Perhaps, their quotes are justified. Perhaps their intrinsic value is much higher than the current price.

Bitcoin is flourishing because it is getting more coverage and exposure. Also, more players are now entering the market with bitcoin-based offerings.

The bitcoin boom is coming to an end. And the death of this short era of craziness about crypto-currency is quite possibly the work of government regulatory bodies.

Many people are pulled in to begin on investing on the bitcoin because of the energy of significant worth development. A year ago, is the unpredicted value reach too high. To those individuals don't begin in contributing on the bitcoin, this is the minute to start. The bitcoin blast value because the demand of it marketplace and bitcoin can change the life of every holder and investor on it. If you need to yourself blast embrace the bitcoin scheme.

Big player's are one factor who surprisingly pumps its value, The other cause are the aggressive campaigns on Social Sites, People will easily capture the positive inputs from media which tends them to become curious and dig for investment:)

It's power of autonomy

it could be caused by This advantages like

anonymous transactions
security
low transaction fees
Decentralisation
Ability to store value+ Limited Amount of Coins
Mineable

When more people got to Bicoin as a result of the above bitcoin’s price went even higher. Bitcoin was now in the media again , creating even more buzz leading to more people buying.(Greater Demand)

Then this media loop kept happening for sometime leading to larger price moments.

+A few forks of bitcoins, led to more people buying

I feel that this year's bitcoin market has a lot of new entrants, which has brought strong vitality to the bitcoin market. I think this trend will continue in 2018. So we can just hold on to bitcoin

if I think that's not the only thing that affects bitcoin, but investors also have an effect on the development of bitcoin, so to advance bitcoin then we should look for more investors, so we can develop bitcoin as before.

The Cause of Boom in Bitcoin I think because bitcoin is getting famous, already many investors know about bitcoin.. So they rely more on bitcoin to invest their money..

I also think that it could be because many people started to adopt and join the crypto world as well as Bitcoin trading and investment. Last year, the media hype was there and people were making a lot of money, governments haven't given much attention and so on and so forth. But things have changed now since the opposite of what I just mentioned is happening.

Boom is about popularity and how can it get that popularity? I think above already mention that bitcoin get popularity because its first great technolgy which not only being used for investment but also for payment online.
Next bitcoin nees to improve their service till it can be used for offline payment too.

Bitcoin is useless if there are no users and supporters and that's the main reason why bitcoin is enjoying its current situation right now. They kept on making bitcoin popular and that's why others get interested in it too. The other thing is that bitcoin is very beneficial that's why many tends to be involved in it and kept on being with bitcoin so the result is its boom.

Mainly because it is decentralized. Near to half of the population in the world has negativity towards a centralized system, because of its easy manipulation and corruption. Bitcoin price will increase more and more as these people will try to get into bitcoin and start using them.

People like to embrace new technology and that caused for the boom in bitcoins as every day new users are entering the bitcoin community, in the early stages only the technocrats had idea of the bitcoins and the bitcoin and block chain technology inventor is a genius and a brainy developer as this bitcoins has brought a revolutionary change in the financial markets and it is also known as the future of finances. Like in the early stages of internet, the use of internet was constricted now all business runs on internet like wise bitcoins started 9 years ago and so still in its early stages and more chances for the prices to go up. The word of bitcoins spreading so fast far and wide which leads to mass adoption of bitcoins causing the boom of bitcoins in the crypto market.

If you say BTC to someone who knows nothing about crypto. They just have a small about of knowledge about Bitcoins price volatility and not its potential.

Being the main ever digital currency, bitcoin is the most well known one. You will discover many individuals who doesn't have any thought regarding what blockchain is, however they have heard the name of bitcoin. Bitcoin has been riding high on desire the world over because of the exceptional yield potential. No other venture resource can offer that much return what bitcoin can offer and thus we have seen a great deal of interests in-streaming towards bitcoin this year. So while supply is constrained however the request is high, bitcoin cost expanded to a larger amount since financial specialists will pay a higher cost. Likewise with the expanding fame of bitcoin, the acknowledgment is additionally expanding which included some start the development story of bitcoin. However, it's for the most part the great old request supply condition.

The bitcoin and different cryptocurrencies became famous and known because of one thing, and that is the anonymity that it gives to its user. Its really great to became anonymous with your transactions because it allows you to be free from taxes that is resulted to being monitored by the goverment. Though it has some good effect, still it is abused by some and uses it in illegal ways instead. I think thats the reason why the bitcoin and other cryptocurrencies became known and popular these past few years.

One of the causes of bitcoin boom last year is the consensus but thjs year might not be the same as last year but it can still pump the price. The consensus is considered to be the rallying factor for bitcoin and other cryptocurrencies. In recent years, their prices surges during or after the meeting and many people are expecting history to repeat itself. But there are also factors that may negatively affect the cryptocurrency market like regulatory pressure which can dampen the possible price rally.

Bitcoin makes many people go crazy, illiterate investors invest when they grow, while others buy Bitcoin during the fall and are waiting for their growth. We ourselves have made with this a cult of wealth and easy prey and turned it all into a boom :-\

I think the bitcoin rise was due to people's thirst for innovation. Due to this bitcoins popularity strikes at maximum and affects the total target market which resulted to high demand with the minimal supply.

I think that many people attract to bitcoin because they see that bitcoin can give some value to them and I see that in December is the top of the number of people who buy bitcoin and it continues until now. they see that bitcoin reach the highest price again although today the price is in under $10k, they still have a hope that the price can reach the highest price again in the future and it caused the boom in bitcoin. maybe we are going to see another boom again once the bitcoin price can reach more than $15k.

Well maybe because of gaining users of bitcoin. It is more popular than ever. The rise of investors and users are one of the reasons why. More demand, higher bitcoin value/price. Though many countries banned bitcoin already, the bitcoin's popularity in the world is literally no joke. Months passed bitcoin was surprisingly improves itself. People that are now using bitcoin thinks of it as a very convenient job at home or maybe a part-time job. Maybe bitcoin became  more popular one day.

Bitcoin is very beneficial to its users and that caused of its boom. Supporters of some things/products made its way to popularity, without them there's no such way that will cause of its boom. Bitcoin also has these qualities that resulted a gain of supporters in which, will benefit both sides, and that what caused the boom in bitcoin.

Bitcoin's continuous leading in all cryptocurrency all these years is also the factor that brings bitcoin in a hype. Although many setback that cause it's value to a dip sometimes bitcoin's foothold still standing still firmly, this maybe the cause for the confidence of many bitcoin enthusiast to continue to invest and encourage people to join and support bitcoin.

I would say the one thing that really contributed to the price of Bitcoin was the coverage it received last year. It was all over the news. Every news channels wanted a piece of the Bitcoin news pie. I think this had a huge impact on the price spike in December 2017 because everyone was afraid of missing out of the 20k Bitcoin price. I bet the price of Bitcoin will spike again closer to the end of this year.

The popularity of bitcoin, this is like the phenomenon the word of mouth. I think above already mention that bitcoin get popularity because its first great technolgy which not only being used for investment but also for payment online. I think thats the reason why the bitcoin and other cryptocurrencies became known and popular these past few years.

Because the profits from bitcoin are so great that investors and individuals invest in bitcoin too much, bitcoin in the current world is so popular. So it's caused the Boom in bitcoin.

your opinion is very appropriate bitcoin has increased even though the price is not so stable that makes the interest of investors who invest bigger and stronger it can cause bitcoin will be more advanced and developed again in the future

The price got up, because speculators entered the market. People who had never heard of Bitcoin started to buy it. But as fast as price rose, it also went down. There was a bubble in late 2017, but situation seems now more sustainable.

The possibilities of this currency are very attractive for the black market. No currency in the world gives such anonymity to the transformation as BTC.

Rapid growth of bitcoin cost, media attention and recognition in countries like Japan led to an increase in interest in the crypto currency from commercial structures. Arguments in favor of bitcoin in Internet trading are very strong: the commission is lower than on credit cards; risk of fraud with a zero refund.

In my own opinion the cause of bitcoin’s boom is the fact that all over the world is now aware about bitcoin and the technology about it and its a good investment and lastly everyone thinks that bitcoin can make them rich which is the funny part.

It's all about demand and supply. There's still too few places to use bitcoins, so that keeps the price down, but there will be more places to use bitcoins in the years to come. Every 4 years there's a halving in the mining  rewards. So it's just a matter of time before the demand will surpass the supply.

In my own understanding the rise of bitcoin is pull by the factor of innovation and change. As the time goes by many technology make the life of the people to be more comfortable and much easier. And now it's the time for the FIAT to be change or innovate to new one. This way people are encouraged to be a part of btc as the first step on the currency change.

Of course, the success and high price of bitcoin is growing in parallel with the number of investors, and this is because the cryptocurrency justifies all the intentions that have entrusted to it.

Bitcoin is a unique technology that allows you to earn, and it is constantly evolving, and this is caused by its phenomenal success. This is just the beginning.

Aside from the concept of supply and demand, the media plays an important role in the popularity of bitcoin and the whole crypto industry. The articles circulated about cryptocurrencies have opened the eyes of the public to see this online world and also saw the potential it has. This made the market for crypto to expand and successful. Hopefully, we will see more about bitcoin and the increasing number of companies linking with it.

Bitcoin has quite a great success now as an investment and as a currency, more and more people are constantly learning about it, and everyone wants to be involved in the development of this technology. Therefore, it is so dynamically developing and increasing its audience of investors.

The main reason is its revolutionary technology and a lot of enthusiasts who started new projects on the blockchain. There is a great potential in bitcoin so nothing strange that it has boomed

That's correct, media played a big role in terms of attracting more people to invest inside this currency, though we are still relying with supply and demand but it seems people make their moves when certain news come around, if there's negative one people rush into panic selling their coins while if there's a good one, people will rush in buying and keep being fomo to take some chances to earn.

For me bitcoins decentralized blockchain which offer secured transaction with out intervention of any thirdparty application is one of the most will appreciated character of bitcoin which investors and users like most.

Thanks to the advertisement, bitcoin reached many people in the world. This caused the booming of this market and eventually this innovation will replace our economy in the future. It aims to improve our monetary system and now the market is growing, we are one step closer to the goal. Also thanks to the creators of the videos and blogs that promote and teach the basics of cryptocurrency.

Just like in the case of the dotcom boom - up to some level everyone thought that it was necessary, and then it became obvious to everyone that it was a bubble :-[

I'm sure that if big companies officially accept bitcoin then this would be a boom, big companies like Apple, Microsoft, KFC, Toyota, Honda, Samsung, Bridgestone and so on, and I'm sure will make the price skyrocket to hundreds of percent in a day.

In my side and insights about bitcoin the cause of boom of bitcoin is its rapid raising of price. Well everyone will surely take an interest in something that you can see that you can have a lot of profit. In the case of bitcoin those people who started in the early age of bitcoin revealed that they have a lot of profit just like they get almost one hundred times as their starting investment in bitcoin. That is why a lot of people were been attracted with bitcoin and also by the use of social media that spread quickly the good news or good benefits that bitcoin can give. 

One of the main reasons is that many people have no confidence in the money issued by their governments. They want to use bitcoin as a hedge against their own currencies, to avoid inflation.

I agree, so Bitcoin boom is because many will invest in it because its price drops. So the bitcoin price is rising gradually. And everyday many people will become interested in btc because they see they can get big profit by buying a btc. And also rising of btc is normal after the dump of it.

I agree what you said above since the curious of the people want to join new thing impact to great attraction of the crypto specially bitcoin. In this case, only the people have more insting to grow their money and investment will make noisy in bitcoin. Its good to make this great technology award with very high hype.

It started in 2008 when a design paper titled "Bitcoin - A Peer to Peer Electronic Cash System" was submitted by a Satoshi Nakamoto to a forum about cryptography. The first block ("The Genesis Block" or "Block 0") was mined in 2009. The first value it was given was 1 USD = 1,309.033 bitcoin (the exchange rate was computed by calculating for the electricity consumption that a computer used to mine bitcoin). The first transaction was in 2010.

As for how it became such a big thing, it was probably cause it was something new and exciting. And then as more people got into it, it got to be more popular. It remains to be such a big thing because of the tight-knit community that it has and the worldwide news that is spread about it everyday.

It is true that bitcoin is one of the stable, well appreciated and known cryptocurrencies that makes it very popular and trusted digital currencies. Based on the principles of demand and supply the higher the demand would lead to appreciate its value and trustworthy. Another thing that i believe contributed o its popularity are some of its features to name a few are; bitcoin trading is decentralize and no middle man needed to make the transactions, it has a system that make it easier to convert it in fiat money and no need to pay taxes since government is not controlling it. With these reasons, more and more enthusiast like to be in it because it would be easier for them to turn assets into cash. All f these reasons makes bitcoin exist in this digital technology.

Bitcoin price increase is mainly cause by the principle of supply and demand. Another thing is that big companies patronize the yse of bitcoin such as restaurants and KFC. On the other hand, one of the causes why it decrease is the bad news referring to bitcoin such as the banning of facebook and google of bitcoin ads, it really affects the price of bitcoin early this year.

The popularity of bitcoin, this is like the phenomenon the word of mouth. When many people are talking about bitcoin especially in cyberspace, it will make more and more curious people. Then, the people will find out about bitcoin, especially when people are increasingly aware how beneficial bitcoin is. So many people wanna dabble and invest in bitcoin. If the chain makes a lot of people want to know so the popularity of bitcoin will increase.

Unfortunately 2018 has been very bad as compared to 2017. I think the biggest reason for fast growth in 2017 was media coverage.

most importantly affecting the coin in the global market is the demand for increased coins. other than that the value of confidence in the coin also affects. and global economic conditions also affect the price of coins in the trading market. other than that the value of the dollar against the currency in each country is also influential.

The causes why bitcoin dumping because of the spreading of fake news that it helps from the traders to buy at lower price. But the investors helps the price pump. In the few year bitcoin will be popular around the world that makes more new users and invest in bitcoin.

But the main FUD spreaders and source of fake news are those media people that got paid whenever they spread FUD about Bitcoin. But even with this struggles  and hardships on Bitcoin it still manage to survive and surpass this difficult situation. Each year more and more people are getting curious about this digital currency called Bitcoin and we all know that we are already living in the digital age and crypto currencies are part of this era, even a lot of people will be against this kind of technology, they will not have the power to stop it or destroy it. Bitcoin is one of the best innovation when it comes to our monetary and payment system and it will continue to grow as time goes by.  8)

Well it must have been a combination of things, positive relays from the Media, more people who worked online went from just being online marketers, to crypto day traders and those who wanted the fast money came pouring in and buying up all the coins. Many of those people though sold out and left crypto as the whales started to dump everything and they panic sold and left. Now we are waiting for REAL investors into Bitcoin and Blockchain who believe in the tech long term to grow the bags for us.  ;D

Bitcoin FUD spreaders and social media fake news greatly affects potential customers
Twitter, tumblr, youtube, instagrap and snapchat have thousands of users so they greatly affect the ups and downs of bitcoin. It can increase the demand or lower it
Depends on the news people have been seeing
Not just this one but also the word of mouth

This year may be the year for BTC. I was able to monitor its value for the last 5 months and its clearly climbing up, if this continues BTC could end this year with over $9,000 in exchange per coin. And I think its demand is slowling going up too.

Bitcoin is one of the most famous digital currencies in the world. It's classified as a safe, respectful, decentralized digital asset that has helped to help its popularity and value. The popularity of bitcoin can be another example than what you speculated above. Simple math, more investors mean more money flooding the crypto world and especially to bitcoin. This has led to a remarkable increase in bitcoin market capitalism.

Bitcoin boomed because of its popularity in the internet. Not just the first cryptocurrency that exist but also it already built a strong foundation in the industry. It's reputation is known to be good. Even in the tight competition in the market it still rise because of its increasing number of supporters and users.

The more advanced technology, the more Bitcoin Booming. Due to the many advanced technologies that many people hold, Bitcoin can be utilized for widespread use. Imagine if Technology is not progressing as it is now and the number of people holding Smart devices is small, Bitcoin can not be boomed now.

Mining can also affect the value of bitcoin. As we know, bitcoin is made limited, so the more coins are mined the fewer coins left in the market. This keeps the rest of the coins scattered in the market soaring, but when people try to sell them at high prices simultaneously, the bitcoin value will drop dramatically.

Yes because Bitcoin is the first kriptocurrancy currency and its acceptance is now widespread all over the world, the main reason why the value and popularity of Bitcoin is a hit. The value of Bitcoin appreciation is one of the reasons why people are attracted to cryptos and as long as it continues to appreciate it will still be a big name in the crypto market. It is not possible to suppress it.

Yes, you are right Bitcoin's value is influenced by many and at least supply or demand. But actually, there are many factors that influence the price and popularity of Bitcoin like the number of countries that Bitcoin prohibit ago and much negative news about Bitcoin. Surely these factors make the price of Bitcoin down. But the price of Bitcoin by the end of 2018 will definitely increase many times over.

It's probably because it's new, and people were making a buzz about it. Like I've read this theory that there will be a digital currency that will take over the world, and Bitcoin is a good example.

One of the major causes in boom in bitcoin is, The HYPE - The unstability, sudden surges, price fluctuations of bitcoin drew the attention of a lot of investors making it  mainstream worldwide. Also, include the social media who made buzz about the certain currency in most cases.

The people has caused it to boom with the fact of it paying people in an easy and convenient way, for working for them through internet. It's popularity spread throughout almost the whole world thus making it boom. 

There are so many cause and reason why bitcoin price is getting to high,like a news its either good or bad its always affected and reflected to the price and image of bitcoin,also the big whales of bitcoin or also known as investor they are also the reason of pumping and dumping of the price of bitcoin,so now this is the only things that i know why the price of it is moving.

All of us know that bitcoin is the leading cryptocurrency now in our society. It is the most well known digital money. In my opinion, what cause the boom in bitcoin are : first, the online transaction in here that you can be anonymous so it is definitely safe. Second, people are encourage to join in bitcoim because the price of it was high. Lastly, bitcoin makes the life conveniently..

I think one factor which is very important what nobody look at it, is that bitcoin was and will ever be independently. So thats why the most people also trust in the anonymoty of bitcoin. Of course there was a huge effect from the dark web. People start to buy like crazy drugs and other ilegal stuff and pay them with bitcoins. But if it was not like anonymous contos, it would not be so high. So there are many factors what caused the bitcoin boom.

Mainly because it is decentralized. Near to half of the population in the world has negativity towards a centralized system, because of its easy manipulation and corruption. Bitcoin price will increase more and more as these people will try to get into bitcoin and start using them.

The sharp bitcoin price increase in 2017 was caused by Fork plans made by Bitcoin Gold and SegWit2x at the end of October 2017. This caused many other digital currency owners to then sell their assets to buy Bitcoin. So I think Fork is also very influential on the occurrence of Boom in bitcoin in the future

when viewed from the graph on each year. bitcoin always has an inflated price. and by the end of 2017 is the highest peak for bitcoins and other crypto currencies. I think in addition to supply and demand is a price determinant. bitcoin technology as well as price supporters and become the best currency in the future.

Bitcoin is a function of digital asset, like wise the way we see Gold and Silver, therefore bitcoin has a better potential in the coin market and it always maintain the average level of performance of movement price and that is the reason why they are many investors and trader

more investors mean more money flooding the crypto world and especially to bitcoin. This has led to a remarkable increase in bitcoin market capitalism. It's so high now so it's impossible to push it down

which makes bitcoin a "boom" and is well known are some of the more intense media talking about bitcoin so bitcoin becomes very popular and not only that because bitcoin has a lot of demand so bitcoin becomes very popular.

Bitcoin has become very popular which causes a lot of people to invest and gain access to the most valued currency. The rush around Bitcoin grew, so did its value, making it scarce and making its value bigger that it almost reached $20k. Other than that, Bitcoin has received praises from people like Bill Gates, John Mcafee and other business figures who spoke highly about Bitcoin resulted to its boost.

I think bitcoin is the first bitcoin digital currency that can be very expensive first and can be used for multiple purchases that can be used to pay for anything you want and the first digital currency dare to deliver very fast, secure and transparent transactions.

I think the boom in bitcoin is due to the limited number of bitcoins and the increasing demand. There are many factors that make the demand more and more, one of them I think is bitcoin-related issues, especially good news about bitcoin.

Because bitcoin is the primary cryptocurrencies and the recognition of its miles now getting wider all over the world this primary purpose why bitcoin fee and recognition became a hit. The value appreciation of bitcoin is one of the motives why people are drawn to cryptos and as lengthy as it maintains to comprehend it'll remain a big name within the cryptocurrency marketplace

Yes it is, bitcoin's last year is the best year for bitcoin, and this year 2018 will be also a great year for bitcoin, many bitcoin experts predict that bitcoin will pump this year 2018, and the boom of bitcoin is actually happened every year, and also because many investors now investing in bitcoin because they see a lot of potential to bitcoin now, or to cryptocurrency.

Panic selling, obviously. Bitcoin is experiencing the panic selling in the market and that is because there is a lot of FUDs that are around and since the people are so vulnerable to the news even it is fake or not, they are reacting so fast to it without even thinking twice the last thing that is why the price are just getting to the bottom and i hope that this dump will not continue.

It was just huge hype around bitcoin , people was screaming about easy money, big potential and other promising stuff. More hype means more new people, more new people - expensive price.

Base on my knowledge the cause boom of the bitcoin. It depends to the event, news, article regarding the bitcoin or cryptocurrency. If this good or better activities that I said the effect on the value of the bitcoin or even the altcoin. But if this activist is against on the cryptocurrency, I am pretty sure the amount of it will crash. It also depends on the demand and supply of the bitcoin the high demand there is a chance to boom the price.

maybe the price

More and more people learn about bitcoin and the world's trust in it is growing, it is increasingly penetrating into all spheres of life, so its price is growing.

I think that the price of bitcoin has grown so much because of the large amount of advertising! All news channels, media and other sources talked about an incredible price increase. Further on, people who do not understand the Crypto currency have started investing large amounts, which pushed the price up even more.

you are right, bitcoin can be like this because there is demand and supply. It happens because already many people are familiar with bitcoin, so they are interested to invest ..

Numerous humans in awesome global places of the arena have started out the usage of cryptocurrencies like bitcoin as a technique to interchange money. Traditional money transfer organizations including the western union are very pricey. Bitcoin is drastically less luxurious. The sender of the cash converts it into bitcoin that is then digitally despatched to the receiver.

I think more and more people are now doing transactions using bitcoin because of the fact that it does not have external regulation and control from big banks. Aside from that, bitcoin is very secure.

The price increase could be because of the adoption that Bitcoins are getting into the mainstream economy.

faster transaction, easy to carry everywhere using Smartphone + Barcode, no counterfeiting in Bitcoin usage.

which I'm sure can be booming because Bitcoin has more than paper money and coins.

The causes why the bitcoin is booming because at first it was properly launched and after the launching it was maintain properly and sustain according to their quality standard so that customers and investors will meet their satisfaction of the bitcoin standard of services to the customers and investor.

Maybe that's why it's a big demand for bitcoin. Bitcoin mother of cryptocurrency therefore investors believe and believe in bitcoin. that's just my opinion.

bitcoin is the most popular digital currencies right now, we all know about PayPal and other platforms, they just make the USD or other currencies work online, but if the bitcoin they make something new, they make the coin digital, and the price changes fastly not like in PayPal that has value almost like real USD. so this makes bitcoin popular, the function to use as currency or use it for investment

Unlike national currencies, the mechanism behind bitcoin is not political, and anyone anywhere in the world can trade at any time, which is why bitcoin has flourished.

I think the massive buy out causes the mooning of bitcoin. Additionally, the forks as well made an impact. Advertisements and news also caused people to invest in Bitcoin.

Those big names who shared some thoughts about bitcoin creates impact to media, and from that bitcoin gain interest and newer investors together with stock traders finds some interest, I'm sure that this things happen to this investment currency brings the value to booming so high, news after news together with new investors and personalities who gain attention are the reason behind the success.

Because bitcoin is the first crypto currencies and the acceptance for it is now getting wider all over the world this main reason why bitcoin value and popularity became a hit. The value appreciation of bitcoin is one of the reason why people are attracted to cryptos and as long as it continue to appreciate it will remain a big name in the crypto currency market

In addition of this supply and demand explanation, i also believed that the manipulation of the big whales contributed to this price increase because their huge resources can really pump up the price and attract more investors to join the investment making the real demand of Bitcoin will increase too. I believed that without the big whales participation, the market of today will be in difficult to reach the former ATH again.

The whales are the reason why the price of bitcoin is more volatile because they are playing with the market and also the emotion of other people and it is best for them to just keep it that way because that is how they make money and for us average traders or investors we should let them do what they want and don't get affected to avoid mistakes.

Its all about demand and supply. The rise and fall of Bitcoin’s value cemented it into mainstream awareness.
Basically, it’s an improvement on fiat currency. Bitcoin and blockchain are a technology that removes the need for a trusted third party in a transaction. That means they are actually safer and more trustworthy than paper currencies that can be manipulated by banks and governments.

No, it's already outdated and you can't develop it much further. In 5 years it will cost nothing, and will be replaced by more modern and techlogically developed coins. BTC boom is caused by the fact, that it was the first crypto, and that was an important mission

To get answers, you should know the principles of Bitcoin, take into account legislative restrictions and future changes in this area, analyze the demand and supply of crypto currency.

There are many reasons for Bitcoin Boom. Firstly, bitcoin usage is much easier than other currencies. secondly, all news channels, media and advertisements have grown in large quantities so the investment has increased. Thirdly, Investors are investing more bitcoin. Above all, the demand for Bitcoin is increasing day by day.

It's the first cryptocurrency so there is no wonder why it's known better among other cryptos but I think you're referring to 2017's boom,I watched the market on daily basis back then and I can confidently say the main reason why it boomed was asian money (korea, japan, china) and especially korean investors which bought insane amount of bitcoins so there was a huge demand for it,it caused the price to go up exponentially and we got a everyday headline on news agencies,that headlines led to more awareness and more money.

Money is a collective agreement. If enough people come to the same agreement, what they agree upon becomes secondary, whether it be farm animals, gold, diamonds, paper, or simply a code.

large contributions certainly exist to investors and large corporations who have invested in bitcoin, with so bitcoin reaching the highest rate.

I think the reason for the bitcoin boom is because it is traded quickly across the world, and it is traded anonymously. And what has driven it up is that ICO projects are paid in practice by many people. This has contributed to the high bitcoin prices.

The bitcoin prevalence could be another illustration other than what you all theorized previously. The math is basic, more financial specialist mean more cash flooding into crypto world and particularly into bitcoin. This has prompted colossal increment in bitcoin advertise private enterprise. It is so high now that it is particularly difficult to drive it to descending side. So out and out any venture today is making the fate of bitcoin. Expectation this proceeds with a similar way and goes past the points of confinement

increasing the existing assets in bitcoin is the biggest breakthrough that can make the boom in bitcoin ..
what is this cause ....?
  or it's a plan for bitcoin to raise prices at this point. which will be a surprise for investment ...

I think it is due to its outstanding performance which has dominated for more than a decade. Year by year trust is build and all is seen by media who are spreading false rumors positive or negative.

The most important reason is, of course, that the investment of bitcoin has led to the prosperity of the encrypted currency. Of course, bitcoin is also safe, anonymous, and has the advantages of unlimited transfer around the world faster than the bank.

Because bitcoin is the first cryptocurrencies and the recognition of it's far now getting wider all around the world this essential cause why bitcoin fee and recognition have become a success. The cost appreciation of bitcoin is one of the reasons why humans are attracted to cryptos and as long because it continues to understand it's going to continue to be a big call inside the cryptocurrency marketplace

   Since in 2017 the Bitcoin price hiked unpredictably  so many investors rushed to Bitcoin. The price of Bitcoin is decided by the demand and supply in the financial market.  Anyway who ever invented Bitcoin he might be a good scholar of this era he have set a finite limit of Bitcoin that can be mined . The interesting fact about Bitcoin is that there were only 21 million Bitcoin invented by the inventor and no one is sure that how many Bitcoin are there to be mined we understand that some of the Bitcoins were lost and some had forgot their password and left and the creator may be holding some of the Bitcoin the scarcity and price value causes the boom in Bitcoin.   

The boom and a huge influx of new money, sparked the opening of futures contracts. It was very good news in the market of crypto currency. Now we need a new positive news background. A lot of investors were disappointed in bitcoin.

As I would like to think the boom in the estimation of BTC was caused on the grounds that an ever increasing number of individuals were utilizing BTC for their exchange and it generally till the system wound up obstructed with unconfirmed transactions which influenced the charges to go higher and when that happened individuals quit making transactions which at that point dropped it to this present esteem.

Most likely the boom is caused by the temptation of people to get rich quickly, as bitcoin has recently shown good growth! But bitcoin can not constantly grow, usually a good growth is a good price correction! So in this market earn only patient!

It is largely speculative as it is today. The fomo factor is big in the crypto world and as bitcoin is the king of crypto then fomo is big when it comes to investing in BTC. As it gets international recognition you can expect the fomo factor to increase and the price to rise rapidly

more investors mean more money flooding the crypto world and especially to bitcoin. This has led to a remarkable increase in bitcoin market capitalism. It's so high now so it's impossible to push it down.

The popularity of bitcoin, this is like the phenomenon the word of mouth. I think above already mention that bitcoin get popularity because its first great technology which not only being used for investment but also for payment online.

Indeed, lots of investors were involved in Bitcoin and this caused media interest. If you listen all day from each side about Bitcoin, you simply can`t ignore it. But this would not have happened in case of some shit product. Bitcoin is first decentralized currency and this can have a huge impact on society.

It has a higher value and consume by many people  a very friendly apps.

I think one of the main reason that caused the boom in bitcoin is the campaigns everywhere that they give us tokens, then with that tokens we convert it to ETH and then convert it to bitcoin. Another maybe is the number of users that already know what is the capability of bitcoin in the future.

I think the value of bitcoin appreciation is one of the reasons why people are interested in cryptos and as long as it continues to appreciate it will remain a big name in the crypto currency market
Because bitcoin is the first crypto currency and its acceptance is now widespread all over the world, the main reason why bitcoin value and popularity is a hit.

Bitcoin is phenomenal. Many people talk about bitcoin especially in cyberspace, it can make many people curious. People will find out about bitcoin as people become more aware of how beneficial bitcoin is. Many people want to invest in bitcoin. 8)

I find out the original reason which was the 2007–2012 financial crisis (that eventually spread throughout the whole world) - bank deposits started getting confiscated left and right, limits were imposed on how much you could withdraw from ATMs… eventually news like this started appearing - Bitcoin: Cyprus Sparks Scramble for Digital Dollars.

I think that the original reason which was the financial crisis, caused by banks playing with people’s money. Moreover, lots of other things have happened to make it even more popular, e.g. news about darknet markets (free markets where you can buy and sell anything), WikiLeaks evading a bank blockade by switching to Bitcoin, ransomware requesting Bitcoin payments.

I think One of the main driving forces behind the bitcoin value over the years is the fact that Bitcoin provides increased convenience and convenience when it comes to online transactions with the added bonus of security and pseudo anonymous transactions. Bitcoin is one of the most famous digital currencies in the world. It's classified as a safe, respectful, decentralized digital asset that has helped to help its popularity and value.

My guess is that another financial crisis will be happened, and even more popularity for Bitcoin… rinse and repeat. Until trust in fiat money just completely erodes and we all switch to some more stable form of money (I don’t know whether exactly Bitcoin, but surely something based on cryptography instead of wishful thinking).

It is not just because of its popularity since it is the oldest one when it comes to cryptocurrencies. But also due to its' price volatility that attracts a lot of fearless people to invest with Bitcoin. And for the typical individuals like me, Bitcoin helps us to earn extra income the fastest way. That's why I believe Bitcoin become the talk of the town.

Bitcoins has higher value and it is more demanding to people. More and more wants to invest even if the markets high's and low's

I cause for a success of bitcoins is the fact that bitcoin is the very first crypto currency that has been introduced to people and being trusted and patronized by many before altcoins was launched. The demands made the market up to the highest and for that more and more people desired to invest their money and even sold their other properties just to invest in bitcoin.

The main factor that makes bitcoin skyrocket is certainly good news, for example legalized in china or india, but unfortunately it is mostly negative and false news that keeps the price keep drop.

Bitcoin is the first cryptocurrencies and the recognition of it's far now getting wider all around the world this essential cause why bitcoin fee and recognition have become a success.

 because of several reasons, there is huge price hike about 100 times from now on, secondly, it can be accepted online worldwide, thirdly, it fast . and Bitcoin helps us to earn extra income the fastest way. That's why I believe Bitcoin become the talk of worldwide

I think the Boom in bitcoin is related to ICO (Initial Coin Offering). So far the value of money raised by beginners through ICO offerings is higher than that earned by early venture capital firms. Investors must convert money into Bitcoin to take part in ICO, so the bitcoin price will be higher.
CMIIW

Because of its profitability that gives us more income, that is the reason what caused the boom in bitcoin for me. Another thing about bitcoin is that it is decentralized that makes everyone attracted to it. One more thing about bitcoin is you do not have to transact with a third party like in the banks to make the transactions.

price and value of bitcoin are so expensive and high that it is able to create magnets to attract investors from around the world. become interested and tend to bitcoin .

because the amount of bitcoin is limited while the demand is many automatically surely the price will rise and soar high. therefore many people prefer investing in bitcoin instead of having to invest in gold or so forth .

I think the reason for the prosperity of Bitcoin is because the technology of blockchain is mature and more people know about it. Traditional industry funds add cryptocurrencies, so bitcoin prices continue to rise

The issues of the largest online shopping site in the world that will adopt Bitcoin as one of its payment access options and even large companies that will join bitcoin that will eventually tens or even hundreds of billions of dollars will flow into the Bitcoin market. That's what causes the boom in bitcoin in my opinion.

Bitcoin price will increase as more investors increase and as more huge funds are channeled into buying it.  Many other cryptocurriencies has been created on the blockchain technology, this has contributed to the popularity of bitcoin.

The boom is caused by the inflow or huge investors buying large quantity to store. This makes the price booms as it will be scarce to buy and many people will be willing to invest. As there are more buyers than sellers, price will Increase .

Yes, every day more people are interested in investing in btc

I think it depends on investors that interested to invest their money on bitcoin. Because they will keep buying bitcoin and the price of bitcoin automatically will be high. If there no investor interest with bitcoin, the price will fall down and even bitcoin will dead.

The effect of the Demand and Supply Elasticity favors the positive high values of Bitcoin because of the continuous widespread news about the Bitcoin feature being an anonymous Decentralized currency on line for goods and services transaction medium of exchange and equally as a reliable future or store of value due to its for ever long high volatility which is eminent from both history and past records.
We should also not forget that the Bitcoin overcoming the dangerous adversity of FUDs is another factor. More so, Holders perspective of trust not dumping Bitcoin anyhow to bearish periods or to Big whales, herein resulting into unlimited Bitcoin supply is highly another great factor that can never be over emphasized.

well I think the secret is basically on the demand and supply, but I don't really know if there is other factors that involves