why btc price increase highly in this year?

[Warkop]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Many peoples now try to involved in Alt coin platform and if anyone want to join alt coin platform firstly buy Bitcoin after that buy alt coin by BTC.Main reason is BTC user rapidly increasing.

I think that's not the only reason why Bitcoin prices are rising this year, there are probably many people who have already benefited from Bitcoin and are comfortable investing with Bitcoin, perhaps with so much market demand that Bitcoin's prices are getting higher every day.

[tonlong]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Because bitcoin is more and more popular, more and more bitcoin users, investors are turning to the cryptocurrency market and hardfork begin. Bitcoin has gathered enough elements this year.

[IAMYOURLEADER]

It's because of the awareness that keeps spreading in social media outlets. Thanks to facebook and twitter, people that are not into bitcoins are getting interests when they see how expensive btc in exchange for dollars.

[OneSortieMan]

Bitcoin is becoming more popular and as a result more people are buying including larger businesses

[bitllionaire]

Bitcoin is becoming more popular and as a result more people are buying including larger businesses

By nature phenomena we carry out the reason of increase and decrease in price of something on the basis of supply and demand of the goods in the market and currently bitcoin supply is very slow while demand is immense high. I don’t think so that increasing in the price of bitcoin is just this year because as per my own opinion every coming year will be most booming year for bitcoin price. I cannot believe that the price will come to $5000 dramatically because no any reason or hard fork is expected in near future.

[Saveplus]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Because it was being known by many people now and it surprisingly many investors invest now in bitcoin because of the good standard of its price.This was becoming very indemand now and cryptocurrency is most high technology now and many people want it for using it comfortable.So thats why the price of bitcoin is amazingly higher this year.

[worle1bm]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Many individuala are seeing crypto market as good profit making source within a short period of time and for this they are buying bitcoin as it can be exchanged for any other altcoin.As the number of investors are increasing the demand for it and its total marker cap is boosting to peak level which was not the case in 2016 when price was $800.The other reason behind this successful year is launching of Segwit which reduces the transaction time making improvements and the other fork which make btc more popular. IN the coming time we may see the price to the moon.

[xuan87]

A lot thing happened this year and this year is more prosperous than last year, the one that elevate the price is the Japan's adoption and the popularity is increasing very fast maybe it's due to the high rising in the end of December in 2016

[jakelyson]

It started with bitcoin cash fork. Bitcoiners started hoarding bitcoin to take advantage of bitcoin cash split thus pushing the price up. Then after fork, bch was dumped for bitcoin, again pushing the price up. Outsiders started noticing bitcoin because of the price surge, started buying pushing the price further up.  Then it is just new people with new money coming in. Now we are at 8K.

[rjbtc2017]

A lot of things happened this year and it's incredibly happened so fast, including some attacks and a lot of FUD and specially the growing number of community of Bitcoin and also a lot of influencial people are now protecting and promoting Bitcoin. Also a lot businesses are now into BTC , more regulations made Bitcoin go mainstream and a lot of  businesses integrating the Bitcoin Technology: Blockchain, don't forget the forks, And by far, In my opinion the biggest is the CME Bitcoin futures.

[ajmapalo22]

Bitcoin price increases maybe because of certain price correction especially that the demand of bitcoin increase rapidly this year. Also this is somehow because of so many alt coins introduce bitcoin needs to maintain it's position in the market and to have that it must have a good value that will encourage many investors to choose bitcoin over other alts.

[HiringYou]

2017 has been the year for Bitcoin.It has been in news from a while so people are now more awared about it. People have read about it and many of them are impressed from it. So people are investing in it more and the demand for Bitcoin is increasing .Since the demand is increasing, it is having an positive impact on it's price. That's why price of Bitcoin is increasing in this year.

[warrior333]

The world has long been looking for an alternative to the dollar. America's debt is about 20 trillion dollars. This means that they are not going to give it away. Everyone realizes that the dollar is a pyramid. The natural human desire to save their money and get out of the pyramid. Why bitcoin has become so popular. It is an alternative to the dollar. The rising price of bitcoin, we calculated in U.S. dollars. Could be bitcoin rising in price. Maybe the dollar is falling in price. You never thought about it?

[polymerbatt]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Because there are many things happened in this year, first is the halving. It makes the price of bitcoin increase so high and after that the hardfork segwit and segwit2 coming too in this year. Demand on bitcoin also increase because of that things, that's why the price of bitcoin increase highly in this year. I think this year is the best year for bitcoin.

[Laland]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

Because there are many things happened in this year, first is the halving. It makes the price of bitcoin increase so high and after that the hardfork segwit and segwit2 coming too in this year. Demand on bitcoin also increase because of that things, that's why the price of bitcoin increase highly in this year. I think this year is the best year for bitcoin.

Yap and their are more miners and investors for bitcoin. If this continues their maybe more businessmen and countries that would want to adopt bitcoin. Plus this year two fork occurred that helped the price of bitcoin. Their will be another fork i think so many users are now waiting for a new profit.

[zulkarnaen]

In 2016 January  BTC price was around $450 — $750.Then in December 2016 it was jump to 800$.In 2016 BTC price increase about 350$.But in this year started with $800 and now it turns into $7000.why this happen?

yes, bitcoin prices continue to increase now even today bitcoin prices are able to reach $ 8000 really significant progress has occurred in bitcoin in 2017, and if noticed by the increase in bitcoin we definitely have a sense of optimism if bitcoin will continue to grow as a digital asset a future that provides many benefits to its users.

[arteeeezy]

Because bitcoin is getting popular and I think many peoples are paying attention in bitcoin now. And the count of people that invest bitcoin. I think the $ per bitcoin is getting large too at the end of this year which is good to bitcoiners.

[RamonBTC]

It happens for an obvious reason and that is because bitcoinis widely spread its influence and popularity towards every country and places for this year. With that said, a thousand numbers of investors is joining and investing because of the positive and possible increases that will turn into profits.

[Cryptosaphire18]

It happens for an obvious reason and that is because bitcoinis widely spread its influence and popularity towards every country and places for this year. With that said, a thousand numbers of investors is joining and investing because of the positive and possible increases that will turn into profits.

Price of bitcoin increase highly this year because some country are also in high demand,most of those country using Cryptocurrency now.As we all know cryptocurrency is a digital asset that are designed to work as a medium exchange to secure transactions online.