Bitcoin Forum

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?

I think you are right. Mostly price varies due to demand and supply. If demand raise more than supply price will go up. The only way, i think, to increase the demand I believe its usage. The more people use btc, the more demand will be generated .

I think that's true.
But investors with big capital will be able to affect the price a little bit, do you remember mt gox?

it does not make any sense at all,
first.
you were saying those 'big fat cats' but at the same time you were also referring it to 'mt gox' ?
the reason why Bitcoin went down so deep when Mt.Gox went scam was because it was the biggest exchange that Bitcoin ever had that time and it did not has any relation with those big fat cats.
so it's very logical if we're seeing those kind of action happened with Bitcoin.

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also how to raise the demand ?
of course by increasing their awareness about Bitcoin and its usability for life.
people will realize that it'll be their future because they need something to help them improve their financial system to catch up to their technology.

Ask Bill Gates and Warren Buffett to tell that everyone must invest to bitcoin.

We have to encourage everyone that they shouldn't listen to any bad news that are coming out otherwise they would listen to it and just buy the news. The outcome? you know it, reduction in demand and to the price as well.

This is the easiest way to encourage people to invest not just in bitcoin but in whole cryptomarket, but of course this thing will not happen.


Let's continue to educate people regarding on this matter and for those who still not satisfied about the information you give we cannot do anything on the and time will come that they will realized the opportunity they've lost for not listening to you.

that doesn't really increase the demand for bitcoin.
what that does is that it will create a wave of newbies who would buy bitcoin thinking they have struck oil and will become rich. this 'demand' will be temporary and won't last. it may cause a temporary rise but that won't last either.
the real demand is when people are properly educated about bitcoin and understand what it really does and then buy it if they wanted to use this decentralized currency.

Supply is not a problem because there is a limit to how many bitcoins can be created and as time goes by and halving bitcoin will be more scarce. As for demand, we can't do anything on this forum to increase, apart from spreading popularity, which we already do, but the increase in demand will come as it already has because of the good quality of the product: bitcoin.

That's true mate, I'm just giving the idea to others that these people are causing fear for the newbies to come in and as well for the current holders. They are bringing a big impact to the market, I'm not saying it's all because of them but they are part of it.


With every person that we'll educate about bitcoin it makes difference. But we don't have to encourage them to invest with it, we should spread knowledge.

Obviously any other commodities besides bitcoin will likely get a good price if there is really a demand. Simple basic economic principle that is application to the crypto currency. But the question is how to have more demands? Or where should the demand comes from? Right now, more are selling bitcoin because they either wanted to get out or traders simply making profits (day trader). But for the demand to increased, we need something like a positive news that will renewed the interest of investors again. Everyone though the 2018 New York consensus will do that, however, we didn't make any break out and on the contrary that week, we see the price goes below $8K. However, it looks like we have somewhat recovered because the price is around $8500.

Positive news isn't enough and doesn't last very long. In order for the demand to increase in a durable and maintainable manner, we need something that adds to Bitcoin's utility and stimulates usage. In the end it's the usage that matters, and the more use Bitcoin enjoys, the more value it will gain. Long term speaking Lightning will stimulate usage and that in my opinion will be the main thing to look forward to.

Short term speaking, and I am sure we'll get at least one of them live this year, are either ETF's or coin backed funds to look forward to. Mainly the coin backed funds will be a major bullish trigger because of how they actually hold crypto assets as underlying value, which can't be said about options, futures, ETF's, etc. With enough of these coin backed funds around, the supply will shrink to such degree, that we will blast through $100,000 comfortably.

Exactly, why should BTC depend on two man opinion, especially dinosaurs like Warren Buffett who is almost 90 years old and the so-called visionary Bill Gates who have also very dark side (https://www.siasat.pk/forums/threads/dark-side-of-bill-gates.322961/). When they say something I'll do exactly the opposite.

I agree that one of the biggest problem in cryptocurrency is lack of knowledge and education, people just not understand what it is BTC and how it works. For most people, this is just an opportunity for quick profit and most of them get burned in trading. When we add all additional traps which user may encounter when is involved with BTC, we come to the fact that the vast majority of the world - maybe 99% is not invest in crypto coins.

This can be only solved by time and with good will of governments around the world, to use something you need to trust in that.

- price of bitcoin like everything else depends on its supply and demand.
- the supply is not "low" it is a reasonable amount which is the important part and also it is limited to a fixed number (is capped).
- the demand is going to rise as the adoption increases. and adoption will only increase over time and as more people find out about bitcoin or more merchants start accepting bitcoin or more people start spending bitcoin as a currency. and that in turn will increase the price of it.

indeed bitcoin prices lately continue to decline, but behind the decline it will usually reflect the return of the bullish trend. only support and positive news will make bitcoin prices soar again, as well as the number of requests on the market, clearly people are panicked do not immediately sell the coins they have if you see a situation like this, because usually things like that that will be a burden for prices move on up again.
another cause that will make bitcoin prices skyrocket again is the gloom of the global economy.

The opinion of famous people has been proven can boost those demand in the market. But unfortunately, Warren Buffett is always Says Buying Bitcoin Is Gambling, Not Investment, maybe because volatile Bitcoin prices could cause him heart-attack :D . I think it's about the time when more people outside there will accept Bitcoin to their finance transaction.

Your theory is correct. The more demand exists, the higher the price will be. But in reality things are more complex and it's not that easy to boost the price, at least not in short run. There are ways of manipulating or suppressing the price to a certain degree, via future contracts for instance.
Bitcoin imo needs more retail investors to get in the market again. Many big players will probably buy OTC right now, which will not have a direct or immediate effect on the price.

get ptc ok

that is true but it will also last a short time. it can not go on like this.
believe it or not at some point in the past the trending saying on the internet was "bitcoin is Ponzi Scheme" and many people believed that. today if you tell this to someone they will most probably laugh at you.
eventually in time when you tell people "bitcoin won't end well" or "is rat poison" they will also laugh at you.

The biggest demand for Bitcoin right now is store of value. Growth of price makes it raise even higher.   Price will rise much higher when countries will start buying in.

Actually, the main source of Bitcoin's demand is still coming from speculative use. Only a very few people actually use Bitcoin as store of value right now, but it's slowly gaining traction. In order for people to use Bitcoin as store of value, they first need to stop focusing solely on the speculative aspect and start diving into what's making Bitcoin such a powerful multifunctional tool. And what exactly do you mean with countries start buying in? Are you referring that governments will start to acquire Bitcoin just like they do so with gold to increase their reserves? Theoretically this could be possible, but there is no way for us to find out until they publicly announce that. Japanese authorities technically hold +100,000 BTC from MtGox, and Bulgarian authorities have said to own around 200,000 BTC, which I personally find very questionable.

I am fully agreed with you.  Demand is the driver and supply is the fuel of the formula. If we want to grow btc, we have to work to raise the demand of btc.

It was worth over $3 billion at the time it was reported, but I don't believe any of this and think it's just another anti crypto campaign to unleash fear. Governments aren't shy of these practices.

The central bank of Poland once financed an anti crypto campaign on social media, and this might be the next thing from that region. I don't doubt they seized a certain amount of Bitcoin, but this is just insane.

It doesn't even sound convincing. I'm not sure if any business or organization performed blockchain analysis in an attempt to locate these wallets, but I would definitely be interested to see the results.

The number of coins it concerns as a whole is too significant to not be a somewhat easy to locate target.

Their opinion is valuable to the public so it will definitely boost the market is ever they will bandwagon and would tell the people that they should start investing to bitcoin. We do know their opinion about bitcoin so if ever there will be a change of heart that will probably have a little bit of movement in a positive manner. And again there's another popular guy that lost credibility said that billions of money will come to the market and top 10 coins will be doing good, I bet you know this guy.

As for demand, we can't do anything on this forum to increase, apart from spreading popularity, which we already do, but the increase in demand will come as it already has because of the good quality of the product: bitcoin.

Ofcourse they will. What else. Well some will other will pass like they don't hoard gold.  Those that have lost of Gold now like Russia or Italy will for sure go big into Bitcoin.  

But we are not there yet currently different financial institutions are buying Bitcoin. That was behind 2017 growth.  Countries buying will be behind next bubble that might even not happen in this decade.

I think so, man. If countries start buying and adopting bitcoin, then prices will jump very high. I am the case that the country will buy a lot of bitcoin, given the very limited bitcoin preparation, which creates a very high price if this happens.

As long as bitcoin hype will continue, then surely the demand for this will increase.

Aside from hype or expected price increase in the future, merchants accepting bitcoin also plays role in terms of "demand". Im not sure how you look at the current market situation but we don't have to worry about getting an increase of demand today. Let it grow automatically and soon you will see a great result.

Just hope that big companies truly hugs using bitcoin in the future.  If that will happened, expect a sudden price pump due to lots of buys whether to ride the hype or used bitcoin as a normal currency.

I agree with you. We need to support Bitcoin right now. The price is always unstable. Right now it is dropping at a very high rate. We have to wait , till the price starts rising again.

I think you are correct. Generally cost fluctuates because of interest and supply. In the event that request raise more than supply cost will go up. The main way, I think, to expand the request I trust its utilization. The more individuals utilize btc, the more request will be produced. But the good news is that many people are getting aware of this market. Soon bit coin will have a high demand.

I agree with you. The price varies on demand and supply. If demand is more than supply the price will be high. And it will affect the market. ::) ???

Though the supply is fixed, but it has a huge supply. But, compared to that demand is not that much. I think positivity and motivation can increase the demands among people. There're somany frauds in the market which results loosing the demand of the market. and this is how the price decreases. :o :o

Price are depends on supply and demands. If demand are high then automatically price will be rise .peoples are using bitcoin that’s why i think its demand and price also increasing.

Bitocin is the best crypto currency at all time because it’s future value and market price the amazing news it’s been always 1st position in the market and this position make our BTC more strong & BTC depends on Demand & Supply it’s like share market and this price may vary based on demand & supply.

supply is exactly the problem. In order to mind a BTC you pay 2-5k $ in electricity. Why should BTC be worth more then the cost to produce it? Or let me put it this way: why should I pay 20,000$ for 1 BTC when I can mine it for 5,000$? Unless you create artificial high demand it's only worth a bit more then the costs (labor + profit)

We see now that BTC is really awful as a payment tool due to the low transaction speed compared to Visa/MasterCard. So I don't see that we will see the mass adoption of BTC, though it can happen with other cryptocurrency (but still I don't think it will be any of ERC-20 tokens, as they have almost the same problems with transaction speed/throughput). That's why I'm now watching the developing of 3rd-gen blockchain, hope it can make the things better.

There is no way to artificially increase the demand and even if you could do that the increase will be artificial and it will not last, there are two ways to make the price of bitcoin higher, one way is to reduce the circulating supply and that can be very easy people need to hold their coins and the second way is for the demand to go up but for that we need a big development happening in bitcoin.

This concept of artificial demand is very ridiculous and it is not going to help bitcoin much in increasing in prices. Bitcoin needs increase in demand and it appears to me the most appropriate method of helping bitcoin for achieving unbelievable prices. The more demand will automatically lead to increase in the value and less supply is going to make bitcoin rare commodity eventually increasing the price.

I think that the demand now is great, because the price is low. Offer is not big, because most hold. Still, it makes rates go down and not the opposite.

There are some problems still exists and the controllers should think about it. Many people object about slow transaction speed. When somebody wants to buy to sell or withdraw his bitcoin, he needs quick service and when transactions take time he became angry and want to quit from bitcoin world. Price volatility is also another problem.

Yeah, I too am unsure about Japan or Bulgaria hoarding BTC. I have heard that North Korea is accumulating BTC, but again, not sure of the validity of that. If governments do start to accumulate Bitcoin to increase their reserves, then the price will definitely reflect that. If more people adopt the ideology of BTC being a store of value (already has great store of value properties) then governments will for sure start to accumulate BTC. Just a matter of time I guess.

Well, that is my point artificial demand cannot solve anything and in fact this is something that governments do all the time, when there is an economy crisis governments try to generate artificial demand for jobs by creating public works but as we know this does not work because eventually the government runs out of money and then begins to print it with the inflationary consequences this brings.

Certainly true. The price only depend on buying-selling and if demand will increased that means price will go up. In the end of 2017 price of Bitcoin went up and i think of this situation will repeat, we can see what we want.

Sure hence why we seem to always get a dramatic increase in price after each boock reward halving. There are other variables in play though that determine price, naturally.

Bitcoin is not a brand because bitcoin is a digital currency and also and an asset at the same time that can be used for both investing/trading and buying. A brand is like a product name or a company name that represents them .
Though i agree that bitcoin do already have a major reputation because it is already been used by most people and if ever something bad happen to it , bitcoin users will also suffer and it can somehow affect its performance.



The only way to do it is to spread awareness to the public. You can help promote bitcoin to your city or country and also in other forms of advertising so that many people can enter bitcoin which can result for a high demand .

Yes demand and supply is very important in the market if the demand increase price will high. It is usually increase on the demand if their is more massive adaptions and good news spreading in the crypto. I believe this situation will change and their is growth on bitcoin.

by holding bitcoin and not selling it cheaply. when we hold bitcoin then bitcoin will become increasingly rare and bitcoin prices may increase.

That is the general economy rule and it applies generally to every market. From the look of things, we are experiencing a lower demand even from the charts. Sure, the traders are the ones in most situation of things in the market, but normally, the market makers who are also called the whales in a way reacts to how the market is generally perceived in the outside world and how demand or supply is kicking in and this is how it tells on the market in general.

Yeah bitcoin mining is on the move but it needs more investors to buy them. The price is so high that people are now looking here and there for low price coins because they have more potencail than bitcoin. Therefore I think the demand for bitcoin in these days is low and supply is big. But now it is time to buy bitcoin because the price is below $7500.