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Author Topic: How did Bitcoin start to price increase?  (Read 8178 times)
traderMax
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January 24, 2017, 07:52:23 PM
 #1

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
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January 24, 2017, 08:12:37 PM
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I was not there when it started as of I had been there, I woupod have been filthy rich by now but I am sure that it cannot be far from the fact that as the popularity gets more pronounced, the value begins to increase gradually till what we have today and hopefully it can be sustained...


Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?


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January 24, 2017, 08:45:52 PM
 #3

Here is a good video of all bitcoin price increases https://youtu.be/hCFu3ff18PQ
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January 24, 2017, 08:55:49 PM
 #4

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg
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January 25, 2017, 05:15:24 AM
 #5

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Great explanation, that would surely help to those who are new here in bitcoin world and has doubts if this is a good investment or not. I am already convinced with all the positive explanation and I have read it online, the information I ready is very vital that it resulted me to be more optimistic of the price of bitcoin, I am currently holding some bitcoins now and this is intended for long term investment.

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January 25, 2017, 06:08:16 AM
 #6

Its because the traders and big whales holding their bitcoin for a long time and they're also the reason why bitcoin price is dropping. Big whales in bitcoin has been a part of bitcoin price changing for months this big whales most of them are high profile person who has a business to get income for and invest it on bitcoin.

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January 25, 2017, 06:21:47 AM
 #7

The same way everything else acquire its value, the law of supply and demand. Fortunately bitcoin is a limited supply. So if new demand arises, the price will easily rise too. Unfortunately, the volume is still low that whales can still manipulate the price by dumping and pumping bitcoins.


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January 25, 2017, 07:14:34 AM
 #8

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

When someone decides to buy bitcoin then he try to find the best and short way to obtain them so for example on exchanges.

You make a buy order of 10BTC and if you can't buy within the time you wanted then you have to buy at a higher price which others sell.

By this the price increases, other factor is number of bitcoin available, also lost bitcoins increases the value of the usable bitcoin.


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hamiltonik
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January 25, 2017, 07:44:39 AM
 #9

I am sure that the price of Bitcoin is growing for the reason that its quantity is limited. In addition, growing numbers of people who want to buy it
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January 25, 2017, 08:01:01 AM
 #10

Bitcoin value increases because it is caused by several factors such as the high interest of investors in China to start saving money in the form Bitcoin or influence news relating to bitcoin, and each time must be different because bitcoin circumstances must be different from time to time. But most certainly the cause prices to rise is the increased adoption of bitcoin, because it will make greater use of bitcoin.
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January 25, 2017, 08:05:10 AM
 #11

It's simply work in this way (let's assume that these random guy are millionare to make it simple)

random guy A think that the value will be higher than the current one by a certain amount, so he buy-->price increase

another one see the price increase so he buy also because he think the price will be even bigger, it's called speculation

bitcoin was only a speculative tool at the beginning, now that there are some good merchants it's also a currency, but not complete

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January 25, 2017, 08:10:23 AM
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Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.

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January 25, 2017, 08:21:12 AM
 #13

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

because of supply and demand.
bitcoin is a good technology offering so many good an useful features such as anonymity, decentralization, security and high speed. and because of these the demand is constantly increasing.
and while there is only a limited supply of 21 million coins (16 million currently mined) there is 7.5 billion people in the world which are slowly finding out about bitcoin and investing in it hence increasing the demand.

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January 25, 2017, 08:38:03 AM
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We are slowly moving to the future where more and more people are slowly having access to the internet. The more people are learning about bitcoin and it's features the more people are buying the coins but the supply of bitcoins remain the same, 21M. As more people use it, it becomes better and more suitable for everyone and increases impetus for others to use it, thus increasing the demand and the price.


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January 25, 2017, 09:02:18 AM
 #15

We are slowly moving to the future where more and more people are slowly having access to the internet.

I doubt that internet access is the reason here!
internet coverage has been big for a long time and it is getting better and faster as time goes by. besides someone who didn't have internet access up until now (2016-2017) is obviously living in a third world country and will not run to buy bitcoin the first day of internet access.

the reason why bitcoin price is like this is because people don't know about bitcoin or are too afraid to invest in it. but when they see the performance they join in slowly.

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January 25, 2017, 11:49:39 AM
 #16

Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.
I dont think if the demand is low the Bitcoin price is up because in my opinion if the demand of Bitcoin over the world increase the price is increase too.Bitcoin price is depends on the demand.

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January 25, 2017, 11:56:22 AM
 #17

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin price increases and decrease based upon the demand to supply in correspondence to time. Other than this the price movement happens based upon the updation in the technology.



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delliaerd
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January 25, 2017, 12:18:22 PM
 #18

Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.
I dont think if the demand is low the Bitcoin price is up because in my opinion if the demand of Bitcoin over the world increase the price is increase too.Bitcoin price is depends on the demand.

Yeah the fluctuations price of bitcoin is depending on demand, If more requests bitcoin Bitcoin then the price will be expensive. Would occur otherwise if the Bitcoin more holding Bitcoin. I'm sure the growth of Bitcoin even the fluctuations price will not be great.

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January 25, 2017, 12:40:30 PM
 #19

Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.

Yeah demand and supply of bitcoins are only thing to change the bitcoin price in the chart. I think today bitcoin value just over 900$. This seems to be good and decent value and after fluctuation this is become a base to start increase from 900$.



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LovelyPrey
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January 25, 2017, 01:33:55 PM
 #20

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?

In my own opinion I guess it is because of its being in demand of the coin.
And investing bitcoin in so many ways.
Keeping bitcoin in their wallets so it cause in demand of bitcoin.

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