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Author Topic: How did Bitcoin start to price increase?  (Read 9375 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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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
 #12

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
 #14

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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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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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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January 25, 2017, 01:53:52 PM
 #21

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

In the beginning the price of bitcoin was not that much but when it was used in the black market the price just jumped sky high. After that many were amazed and purchase huge amount of bitcoins with the dream that their investment will double if the value will inflate. Then with the price continue rising more and more investors are beginning to be attracted to bitcoins and that led to increase of demand for bitcoin which eventually added to the increase in value.

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January 25, 2017, 02:01:53 PM
 #22

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.

demand and supply from the market is the the most factor that i know will make bitcoin price increase and decrease but we seen that sometimes bitcoin price is not going to go up or down but its flat in the one range like now. i think the price is ready to go in another price and many of us is hope that the price will be up like before.

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January 25, 2017, 02:05:48 PM
 #23

Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.

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January 25, 2017, 02:16:36 PM
 #24

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

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.

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January 25, 2017, 03:05:24 PM
 #25

Bitcoins started at the price $0 and move on to $0.01 and so on . It doesn't have a stable price it is always fluctuating and it started since its beginning years . It was intended to increase over time by design that's why there is a limited supply of bitcoin wherein if the demand increases so will be its price this is why we can know that its users keeps increasing cause the price is also increasing .

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January 25, 2017, 08:14:45 PM
 #26

Bitcoins price is based on its population. Since bitcoins price is getting higher than its price before, its population also increases every day that passed by, because of this, the price increases. But why do people turned themselves on doing bitcoin?, it is because the "give and take" thingy. Bitcoins gives us a lot of benefits and advantages in its own way, and we, in return continue on using bitcoin no matter what happens.

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kryptqnick
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January 25, 2017, 08:15:24 PM
 #27

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

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
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January 25, 2017, 08:33:47 PM
 #28

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.

Mostly because people interested to the idea behind blockchain technology which offering better options to manage (be your own bank) and better transaction than conventional banks over the world. The news about bitcoin must came from the devs team through internet to spread how bitcoin as digital currency . When big whales started to bought bitcoin and then the snowball keep getting bigger and bigger.
They know that bitcoin demand will increase cause the price constantly increasing.

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January 25, 2017, 09:18:58 PM
 #29

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

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.
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January 25, 2017, 10:44:48 PM
 #30

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

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.
Is necessary to mention  that as the difficulty grows as time goes   is necessary to use more hashrate  more and more so hardware vendors
manufacture and sell their mining products driving this industry, in the same way the miners need a price to afford their operation or at least cover operating expenses, other services such as pools, exchanges, betting sites, faucets, etc ,  all this has created and sustained the growing of the demand that you mention, as time passes surely use will continue in new ways and obviously as you know the offer is limited therefore an upward pressure is exerted speaking in long periods of time mainly that is where those increases are noticed more.
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January 26, 2017, 03:13:24 PM
 #31

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
It is because of the continues and increasing user of bitcoin and those users where asking for bitcoin, investing, buying bitcoins which makes it in demand and so the bitcoin increases fast if it is the reason. Many users, in demand bitcoin so the value or price increases too.
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January 26, 2017, 04:52:20 PM
 #32

its increasing i think because of the new comers in bitcoin and theyre investing alarge amount in bitcoin thats the reason why bitcoin price is pumping. we all know that bitcoin price is depending on its investors because its a decentralized currency which you dont have an assurance of being stable of its price. so dont keep wondering why is it like that just enjoy and earn money.



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January 26, 2017, 10:24:01 PM
 #33

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

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.
but to me i think the price of bitcoin is predictable and there is no doubt about, there are so many factors from which we can determine about the price of bitcoin that either it is decreasing or increasing, but to me as the users of bitcoin are continuously increasing therefore we can predict that the price of bitcoin is also increasing.
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January 27, 2017, 05:50:23 AM
 #34

Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.
yes that can be the main reason, i think the demand of bitcoin is continuously increasing and that is the reason that we can see that incredible increase in the price of bitcoin. in previous days it was easy to manipulate the price of bitcoin and most of the tie we notices that the price is artificially increased by some investors but after that it fell down to its original position, but now as soon as the number of bitcoin users are increasing it is becoming difficult to manipulate the price of bitcoin for a few investors.
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January 27, 2017, 03:44:30 PM
 #35

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.
Yes the law of demand and supply is actually behind the rise in the price of Bitcoin. Total supply of Bitcoin has an upper bound of 21 million coins and that is already too little for the entire globe. Then as much more people from different countries are getting pissed off with their local currencies and Bitcoin obviously offers better and unprecedented options, the demand for it keeps soaring and so its value. As a matter of fact, the projection is that as more and more people come to adopt Bitcoin, the demand would increase even further and that is sure to make Bitcoin much more valuable.

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January 27, 2017, 06:35:31 PM
 #36

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.

demand and supply from the market is the the most factor that i know will make bitcoin price increase and decrease but we seen that sometimes bitcoin price is not going to go up or down but its flat in the one range like now. i think the price is ready to go in another price and many of us is hope that the price will be up like before.
Demand and supply is the obvious reason behind the price increase, we can see that when the demand of bitcoin is increase, people start buying and so the supply decreases and therefore the price of bitcoin also increase, and when most of the people start selling bitcoin so the price start decreasing  because people even welling to sell their bitcoin on a little lower price also .
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January 27, 2017, 07:43:00 PM
 #37

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

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.
But, I think we can predict the price of bitcoin from the progress of bitcoin in our local area. In my area as the number of bitcoin users are increasing continuously, because when I started using bitcoin at that time I think I was the only person to use bitcoin but now I can see that the number of bitcoin users in my area are more that 50 may be more.

So, I can say that it is a good progress and therefore the price of bitcoin will continue rising at least will remain constant.

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January 27, 2017, 07:43:39 PM
 #38

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
bitcoin purchase ynag so much, halving, and many other things that could make bitcoin prices to rise. we will not be able to conclude what makes bitcoin prices rose to a higher, but, if there is no information halving happens, then, most likely bitcoin prices go up because people are buying bitcoin.

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January 27, 2017, 09:47:40 PM
 #39

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

No doubt that the price of the bitcoin will increase eventually as it becomes more and more popular, however you saying that it is predictable I might have to disagree on that, because as we saw, the price went up to 1000$ and we predicted that it is going to keep rising but we were wrong, my point is that we can never predict the future we can only hope for it to keep rising.
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January 27, 2017, 10:22:40 PM
 #40

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.



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January 27, 2017, 10:31:13 PM
 #41

The interest for bitcoin is going and exactly the demand makes the price for bitcoin to grow. Add to that the number of bitcoins is limited by 21 millions, so it will not be enough for all people in the world. That's fact also makes the price to rise.
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January 27, 2017, 10:34:03 PM
 #42

Bitcoin price is increasing all over the time because there are more and more customers of bitcoin crypotcurrency so that is the most important reason so more and more popularity bigger price it is.
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January 27, 2017, 10:51:29 PM
 #43

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.
I also think that the value will depend on people, but unfortunately some people spend a long time being indifferent to this sort of thing, and then certain circumstances cause them to take an initiative to go towards Bitcoin. As for example, usually many people only look for Bitcoin when their countries are in crisis, or when the local currency is in trouble. Obviously, the people who take the initiative to invest in Bitcoin before such events happen are those people who manage to get a greater reward.

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January 27, 2017, 11:25:56 PM
 #44

And the other help are the people who are using bitcoin and invite people to use bitcoin because of more sites are accepting bitcoin as payment unlike before so every day i think we are growing but 2/10 are actually staying long in bitcoin because of scam and any online activities that can destruct the image  of bitcoin..


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January 27, 2017, 11:28:04 PM
 #45

Bitcoin price is increasing all over the time because there are more and more customers of bitcoin crypotcurrency so that is the most important reason so more and more popularity bigger price it is.
bitcoin prices will not always go up, but it will rise and fall according to demand bitcoin on the market. when demand is high in the market bitcoin. then we can be sure that prices will rise, and vice versa

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January 28, 2017, 01:25:34 AM
 #46

One factor is that there is only half the amount of coins hitting the markets for sale each month from miners and pools now since the bitcoin halving event last year so when more people want something that there is less of the price will go up, simple supply and demand.

Also when the price goes up it makes news and when it makes news more people want in but normally by that time it is too late and these people get caught up in the following dump, then the price goes down a little and the roller-coaster starts all over again.

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January 28, 2017, 01:29:11 AM
 #47

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.



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January 28, 2017, 01:57:31 AM
 #48

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.
It was said many times before.

The real reason bitcoin is worth something is the will of people who are ready to pay fiat money - current legal tender, for BTC, which isn't supported by any higher power, nation or institution.
Bitcoin is like these old Baseball cards, they weren't worth a damn in the past, but someone believed they might be worth something.

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January 28, 2017, 02:48:00 AM
 #49

The price of bitcoin is not same with fiat, which is being controlled by the government, bitcoin price is based on supply adn demand that is why the price is hard to be stable, the reason why it keeps on increasing over time is because there are more user and more investor buying bitcoin to become an investment

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January 28, 2017, 03:11:41 AM
 #50

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.
It was said many times before.

The real reason bitcoin is worth something is the will of people who are ready to pay fiat money - current legal tender, for BTC, which isn't supported by any higher power, nation or institution.
Bitcoin is like these old Baseball cards, they weren't worth a damn in the past, but someone believed they might be worth something.

Its the will of the people who believed in bitcoin and purchased bitcoin and thats why its value is constantly on the rise. Speaking on the matters of the market the more people trusted bitcoin the more demands it makes. The more demands and with the limited supply of bitcoin the price has climbed up to 900 + $. This will not stop to increase as more people hold on to bitcoins and many business and merchants are beginning to accept bitcoins as a mode of payment.

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January 28, 2017, 09:48:37 AM
 #51

Bitcoin's price is always on the move because of its users in my opinion. Transactions happen everyday not to mention to many of them that makes the market go unstable. Unlike fiat that the value is determined because it was decentralized, the value bitcoin has is determined by the buying and selling that everyone who uses it do. Thus transactions are important in determining it's price since it is the one who made bitcoin's price start to rise.

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January 28, 2017, 10:37:03 AM
 #52

Bitcoin's price is always on the move because of its users in my opinion. Transactions happen everyday not to mention to many of them that makes the market go unstable. Unlike fiat that the value is determined because it was decentralized, the value bitcoin has is determined by the buying and selling that everyone who uses it do. Thus transactions are important in determining it's price since it is the one who made bitcoin's price start to rise.

I couldn't agree more with this one, bitcoin price depends with determining, how much the users of bitcoin buy and sell bitcoin. It is important activities for existence bitcoin also the price depending based with it. Bitcoin like other common currency, if More and more people buy a currency then the currency will increase price. So for nowadays the price of bitcoin increase slowly but constant because the popularity of bitcoin made more peoples get starting interest to use bitcoin.

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January 28, 2017, 12:28:07 PM
 #53

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.

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January 28, 2017, 01:36:25 PM
 #54

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.

Not just them but all of us are the ones who are responsible for the price increase. When many bitcoin users are buying then that's making the demand higher.

And when the demand is becoming higher, chances of price increase is happening. Also with the initiative of whales.

They are also making something to make the price increase.

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January 28, 2017, 01:48:32 PM
 #55

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

From the way I see it, its will continue to rise due to several reasons that I will be highlighting:

1. People have always wanted a new way of doing transactions that defies all forms of government encumbrances and when an option came by Satoshi it was embraced.

2. As much as possible when the popularity start increasing, then the unit is not moving in that direction then demand is more than supply which will definitely will increase the price.

3. Continually from there, people start giving it the publicity by trying to bad mouth it thereby increasing its awareness.

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January 28, 2017, 02:21:19 PM
 #56

Bitcoin is based on the concept of decentralization.
Decentralisation envolves free play of market.
When we say free play of market, it means price is determined through forces of demand and supply.
Best feature of Bitcoin is that its supply is already limited. So all stress goes to its demand! When its demand increases, its price increase. So it leads to situation of 'excess demand' and prices increases overtime!

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January 28, 2017, 02:28:53 PM
 #57

The interest for bitcoin is going and exactly the demand makes the price for bitcoin to grow. Add to that the number of bitcoins is limited by 21 millions, so it will not be enough for all people in the world. That's fact also makes the price to rise.

Don't forget that each coin is made out of 100 million satoshi, so even if 11 million bitcoins are lost, you can still have 10 million x 10 million satoshi =)

In theory, even 1 satoshi could be worth a dollar if this scarcity is really a huge problem. Not that it can have much of an effect if it does at the moment (look at how much DOGE is produced and still maintaining a good price!

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January 28, 2017, 02:55:10 PM
 #58

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictate its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.

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January 28, 2017, 03:09:06 PM
 #59

I think the price start to rise when more people start to realise the sound fundamental and potentials problem Bitcoin has would solved for them and this create more demand for Bitcoin and as the demand increase it pushed the price up.
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January 28, 2017, 05:42:21 PM
 #60

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.

I want to believe that the price is formed honestly. But it seems to me that all the same it is very influenced by the behavior of the major holders cryptocurrency. They are able to influence the price of Bitcoin.
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January 28, 2017, 06:43:55 PM
 #61

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.
I also think that the value will depend on people, but unfortunately some people spend a long time being indifferent to this sort of thing, and then certain circumstances cause them to take an initiative to go towards Bitcoin. As for example, usually many people only look for Bitcoin when their countries are in crisis, or when the local currency is in trouble. Obviously, the people who take the initiative to invest in Bitcoin before such events happen are those people who manage to get a greater reward.
You are correct but this is nothing new, if I remember correctly the same happen when the USSR disintegrated, a great economic turmoil followed and the people exchanged their savings into dollars to try to maintain their purchase power, the fact people are doing that now with bitcoin tell us bitcoin is more powerful than the currencies of many countries of the world.



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January 28, 2017, 10:47:52 PM
 #62

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.

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January 28, 2017, 10:54:58 PM
 #63

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
I think those people if we are many we can control the price if all are doing the same like selling that can push the become low and a large group who are holding a good amount of bitcoin also push it to high with the support of the traders .. everything in bitcoin online are business since we growing more people are using bitcoin that i think more price increase will come..


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January 29, 2017, 02:02:42 AM
 #64

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Supply and demand law, obviously if the supply is lessen means that many people buy bitcoins the bitcoin price will increase and if the supply is growing many user is selling bitcoin means the bitcoin price will dump. That law is depend in the user of the coin. Imagine if lot of us sell our bitcoin the price will dump and all of us buy ut the price will increase. That hows that law works and you can use it in trading. Buy low sell high.

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January 29, 2017, 02:07:56 AM
 #65

I guess, the price increase starts when the demand of bitcoin increases too, like the law of supply and demand.
The more bitcoin releases by the developer the more the bitcoin value increases, like when users try to hold on big amount of bitcoin for long time, but in this case people turns to something bad because when the value of it increases too much, those who hold bitcoin sell it and turns to crashed down of value, like what really happen this last first week of the year, the price increases high and many panic of selling because of the total price hike of it.
So when the demand of bitcoin increases the value of it increases too.

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January 29, 2017, 04:44:09 AM
 #66

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.

Bitcoin price is not easy to manipulate but people holding Bitcoin is easy to tricked into selling their Bitcon or panick buy Bitcoin making Bitcoin price either go up or go down. Whales are cunning, when they see that they can not manipulate the price with the fund they are holding, they study the factor that affect people decision regarding their holding, and it is where they manipulate.  Like for example,  if whales wanted to push Bitcoin price, they spread Hype, they will spread good news from previous weeks, or even try to make fake news (this always happen) without source or if they are lucky found a pro Bitcoin announcement from some country and speculate on it, they always make noise favoring their plan.  Then watch people reaction.

But for Bitcoin to start increasing in price, it needs development, good news, advertisement and lots of hype.

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January 29, 2017, 04:54:14 AM
 #67

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls.

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January 29, 2017, 04:56:52 AM
 #68

bitcoin price is increasing day by day as more and more people are investing in bitcoins as they are seeing a lot potential in bitcoins ,not in other cryptocurrency and the demand among people is also increasing .thats why the price of bitcoins is increasing overtime.
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January 29, 2017, 04:59:00 AM
 #69

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls.
Overall Bitcoin price is depend on it demand and the supply.Just like a chain effects if ones fall its all falls.As for now Bitcoin price is playing in 880$-950$ point.And I think the price of Bitcoin will increase again on month of February.
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January 29, 2017, 05:30:35 AM
 #70

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because bitcoin prices are determined by supply and demand, from time to time bitcoin has many users and increasing number of users, when demand for bitcoins increases, the price increases, and when demand falls, the price falls.
Overall Bitcoin price is depend on it demand and the supply.Just like a chain effects if ones fall its all falls.As for now Bitcoin price is playing in 880$-950$ point.And I think the price of Bitcoin will increase again on month of February.
Yes it is true that economic really applies in bitcoin, since bitcoin has fixed number of bitcoin and it will not increase so as the demand of bitcoin increases and the supply remains the tendency is that the price will increase depending on the demand. But, the disadvantage is that if the price increase the people will sell their bitcoin with that the value of bitcoin falls down.
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January 29, 2017, 12:34:37 PM
 #71

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.
I also think that the value will depend on people, but unfortunately some people spend a long time being indifferent to this sort of thing, and then certain circumstances cause them to take an initiative to go towards Bitcoin. As for example, usually many people only look for Bitcoin when their countries are in crisis, or when the local currency is in trouble. Obviously, the people who take the initiative to invest in Bitcoin before such events happen are those people who manage to get a greater reward.
You are correct but this is nothing new, if I remember correctly the same happen when the USSR disintegrated, a great economic turmoil followed and the people exchanged their savings into dollars to try to maintain their purchase power, the fact people are doing that now with bitcoin tell us bitcoin is more powerful than the currencies of many countries of the world.
That is absolutely right and explains why most governments are afraid of Bitcoin. They reckon their local currencies, which is one of their major source of power doesn't stand any chance with Bitcoin and so they opt to frustrate it any way that can, but unfortunately for them, Bitcoin is beyond the manipulation of any one country.

The economic outlook of many countries in 2017 isn't looking promising and so we are going to be seeing many more people switching over to Bitcoin, to be able to beat inflation and manipulations by their governments.

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January 29, 2017, 12:45:30 PM
 #72

Bitcoin is limited currency and more and more people see it as the best investment ever, so cause of that many people wants to have some bitcoins. The demand is growing and it's provoke the price to grow.
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January 29, 2017, 02:05:37 PM
 #73

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

It's basically simple, the price of Bitcoin is increasing because of the demand for it. There are loads of people who are getting to know Bitcoin every day and there's a genuine demand for it and I think that's what's driving its demand upward.



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January 29, 2017, 02:14:36 PM
 #74

The funny thing is that new people are buying bitcoins now because they hope to make more money from it, convert to fiat and spend in fiat. So really people don't seem to see btc as money but as an investment the same way people buy stocks, gold and silver.
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January 29, 2017, 05:58:26 PM
 #75

The funny thing is that new people are buying bitcoins now because they hope to make more money from it, convert to fiat and spend in fiat. So really people don't seem to see btc as money but as an investment the same way people buy stocks, gold and silver.
i think every one is hopping that perhaps they were able to purchase bitcoin in 2012 so now the were be the millionaire but still i will like to say that after 10 years people will be talking about the present time that why they missed 2016 and 2017 to invest their assets in bitcoin, therefore i think we a strong reason to invest in bitcoin right now.
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January 29, 2017, 06:18:26 PM
 #76

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Bitcoin has the value people decide to give to it, at first it had no value except as an experiment and proof of concept, but then people began to realize this technology was innovative and it got some value and as time has passed more people have agreed with that statement and that is why bitcoin keeps growing in price, because people believe on it.
I also think that the value will depend on people, but unfortunately some people spend a long time being indifferent to this sort of thing, and then certain circumstances cause them to take an initiative to go towards Bitcoin. As for example, usually many people only look for Bitcoin when their countries are in crisis, or when the local currency is in trouble. Obviously, the people who take the initiative to invest in Bitcoin before such events happen are those people who manage to get a greater reward.
You are correct but this is nothing new, if I remember correctly the same happen when the USSR disintegrated, a great economic turmoil followed and the people exchanged their savings into dollars to try to maintain their purchase power, the fact people are doing that now with bitcoin tell us bitcoin is more powerful than the currencies of many countries of the world.
Bitcoin is strong because it has a guarantee of scarcity, if that did not exist then Bitcoin would probably worth no more than something like Dogecoin or Litecoin (although Litecoin has a much larger cap so it still has its own form of scarcity). Bitcoin still only has a small portion of the overall wealth put into monetary security when it comes down to it.
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January 29, 2017, 06:24:27 PM
 #77

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think the value increase because of the demands of the users ,
lets just put it in a easy to understand the value depends on the stocks and demands.

   
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January 29, 2017, 06:25:27 PM
 #78

After the big raise in bitcoin value in 2013 came a great fall and a lot of people lose their money.
So now, after the big rise people were more hesitate, but when the fall didn't come bitcoin gain much security about its price. Now the price increase step by step.
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January 29, 2017, 06:34:58 PM
 #79

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think the value increase because of the demands of the users ,
lets just put it in a easy to understand the value depends on the stocks and demands.
It is true to say that the price of any asset is a result of supply and demand, and this is also true for digital assets such as Bitcoin. To identify the factors that have the potential to make Bitcoin rise in value, it is necessary to identify the variables that can bring an incentive for people to use the currency, and generally such incentives come from problems that exist in the use of Fiat currency, such as inflation and difficulties to send this type of money around the globe. When more people realize that Bitcoin is the solution to such things, demand increases, and that brings positive results in price.
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January 29, 2017, 09:57:23 PM
 #80

After the big raise in bitcoin value in 2013 came a great fall and a lot of people lose their money.
So now, after the big rise people were more hesitate, but when the fall didn't come bitcoin gain much security about its price. Now the price increase step by step.
Back them the user base of Bitcoin, capitalization, hope and trust invested in Bitcoin wasn't half as pronounced as it is today. We can rightly say that Bitcoin is more decentralized today than it ever were and that is its food, which can explain its now resilience and strength. All that is a pointer to the fact that, the more people adopt bitcoin, the more valuable and stable it becomes.

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January 31, 2017, 11:18:15 AM
 #81

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
Supply and demand law, obviously if the supply is lessen means that many people buy bitcoins the bitcoin price will increase and if the supply is growing many user is selling bitcoin means the bitcoin price will dump. That law is depend in the user of the coin. Imagine if lot of us sell our bitcoin the price will dump and all of us buy ut the price will increase. That hows that law works and you can use it in trading. Buy low sell high.
This is the reason why the value of one thing increases, the law of supply and demand even in real economic status, everything varies with that law. And also to the users of it, the more people hold their bitcoin the more the price increases especially those who hold big amount of it.


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January 31, 2017, 12:06:09 PM
 #82

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

I think it is because of the people who are using it, there are big time investors who are keeping bitcoin and those people who are adopting and putting their money in bitcoin are increasing. the demand is increasing while people who uses it are increasing and it resulted to the price increase aside from that I don't have any other idea regarding to the price increase .

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January 31, 2017, 05:14:30 PM
 #83

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

Its because bitcoin user is becoming more and more so the price will increase and that reasons is in a country that accepts bitcoin like United States they really know what's up on bitcoin so they buy some and then the creator or the monitor of the bitcoin will increase the price because business is business Cheesy by the time comes bitcoin will increase more and more then the user of bitcoin will be rich like us Cheesy
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January 31, 2017, 05:40:45 PM
 #84

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

I think it is because of the people who are using it, there are big time investors who are keeping bitcoin and those people who are adopting and putting their money in bitcoin are increasing. the demand is increasing while people who uses it are increasing and it resulted to the price increase aside from that I don't have any other idea regarding to the price increase .
Yes, when a commodity gets its worth among people by showing its uses and advantages then it will create its demand to decide its value levels.

When more people fight for same quality of product and if that product is limited by its production then its value will be determined by pure demand. So, bitcoin will have value in millions in near future, no need to doubt it.


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January 31, 2017, 05:41:39 PM
 #85

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
Yeah, luckily this is something that becomes increasingly difficult to happen. When the big crash occurred in 2013, there were a number of conditions that made it difficult for Bitcoin's price to remain stable and far from manipulation. At that time, in addition to having a smaller amount of users, the most used exchange was Mt. Gox. Things are much more advanced today with respect to exchanges and number of users.

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January 31, 2017, 07:52:48 PM
 #86

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
To manipulate the price of bitcoin, you only need to manipulate the holders of bitcoin and that is very easy to do, if the price gets lower by 50 dollars you will see a bunch of threads in the forum stating a bunch of FUD and that this is finally the end, people sell and the whales get cheap bitcoin.



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January 31, 2017, 08:28:58 PM
 #87

Bitcoin incrased to up the 1000 dollar mark while he was barely over $400 in January 2016. The rise has accelerated since the election of Donald Trump for POTUS. The value of BTC grew by more than 60% in three months.
the sudden rise in the wake of the "Brexit", is also in direct connection with the fall of the yuan: the majority of the exchanges around the electronic currency is indeed in China, where national currency has reached its lowest level in five and a half years in the financial markets.

The movement could continue. The bitcoin could rise to 20 ;D00 dollars in 2017 because the Russia and China can accept it as an alternative to the U.S. dollar

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February 01, 2017, 11:42:40 AM
 #88

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
To manipulate the price of bitcoin, you only need to manipulate the holders of bitcoin and that is very easy to do, if the price gets lower by 50 dollars you will see a bunch of threads in the forum stating a bunch of FUD and that this is finally the end, people sell and the whales get cheap bitcoin.

That is panic selling when the price of bitcoin keep dropping. Well that makes the more bitcoin drop . well i do agree you can manipulate if you can manipulate to sell or buy bitcoins because it can cause of dropping and pumping price of bitcoin. Also i think if you do have a lot of people and try to play with the price using a ton of money also you can manipulate it

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February 01, 2017, 11:46:56 AM
 #89

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictate its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.

yea decentralized in china... you do know that right?
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February 01, 2017, 11:55:41 AM
 #90

Well as the number of bitcoin user's increase and the more we use it,
it's price will surely go up because of the stock's and demand's
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February 02, 2017, 12:44:56 AM
 #91

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
To manipulate the price of bitcoin, you only need to manipulate the holders of bitcoin and that is very easy to do, if the price gets lower by 50 dollars you will see a bunch of threads in the forum stating a bunch of FUD and that this is finally the end, people sell and the whales get cheap bitcoin.
I dont think that's a signal, remember when bitcoin price hit $1100 then the price go down till touch $800 even I see a lot member in this forum made a thread about the price keeping dump but we need much time to see the price rise back.

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February 02, 2017, 09:16:36 AM
 #92

I think this is from the speculation, it's been no secret that bitcoin can be controlled, I think it not strange if bitcoin will rise again to $1.500 a week later or go down $500 in a day, we have to be ready.
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February 02, 2017, 09:38:53 AM
 #93

Theres many speculations regarding on sudden bitcoins price increase like adoption or many are buying bitcoin on cheaper price but this situation is just normal and we should really prepare ourselves because price drops will surely happen when bitcoins price will go to its peak of these days.

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dmamigo
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February 02, 2017, 10:17:28 AM
 #94

I think this is from the speculation, it's been no secret that bitcoin can be controlled, I think it not strange if bitcoin will rise again to $1.500 a week later or go down $500 in a day, we have to be ready.
The price can Rise or Fall anytime, suddenly, but usually it can be guessed. But yes no guarantee can be provided.
The Value of BTC currently depends greatly upon demand of BTC. Also the government action and policy and trigger up and down in the valuation.

Mometaskers
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February 02, 2017, 11:48:07 AM
 #95

Well in theory it's supposed to become rarer with time since there's only a limited amount of it that can be mined unlike fiat where the government can pump out cash as it see fit. But as many people here have noted, it is affected by speculation. Also keep an eye on states, especially China. Someone in China farts and the price plunges.
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February 02, 2017, 11:59:52 AM
 #96

I think this is from the speculation, it's been no secret that bitcoin can be controlled, I think it not strange if bitcoin will rise again to $1.500 a week later or go down $500 in a day, we have to be ready.
can you tell me the truth about that? the sound's terrible.
I don't ever think if the bitcoin is can be controlling by someone or group. I just understand if bitcoin can get the network attack rather than controlling the amount of bitcoin for directly.

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February 02, 2017, 06:13:29 PM
 #97

I think the miners dictate the price of Bitcoin, once their input go up (difficulties level, electricity cost, equipment price), you can't expect them to sell at loss, so they increase the price they will sell there tokens.
No they do not! Bitcoin is decentralized, so no one has the full capacity to dictates its price. Whatever any bitcoiner does like hoarding,pumping,dumping,etc, only goes to offset the market demand and supply of the coin and which is sooner than later reflected in the price.
it is not so easy to manipulate the price of bitcoin, may be in past when the bitcoin users were few in number, but as soon as the number of bitcoin users are increasing it is also becoming more difficult for an individual or a group of people to increase or decrease the price of bitcoin.
To manipulate the price of bitcoin, you only need to manipulate the holders of bitcoin and that is very easy to do, if the price gets lower by 50 dollars you will see a bunch of threads in the forum stating a bunch of FUD and that this is finally the end, people sell and the whales get cheap bitcoin.
I dont think that's a signal, remember when bitcoin price hit $1100 then the price go down till touch $800 even I see a lot member in this forum made a thread about the price keeping dump but we need much time to see the price rise back.
At the moment I write bitcoin has a price of 997 dollars so we are really close to the 1000 mark once again as you see, not much time was needed in order to reach that value again, it only took a few weeks at most.



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Rainbot
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February 06, 2017, 11:24:37 AM
 #98

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

Its because bitcoin user is becoming more and more so the price will increase and that reasons is in a country that accepts bitcoin like United States they really know what's up on bitcoin so they buy some and then the creator or the monitor of the bitcoin will increase the price because business is business Cheesy by the time comes bitcoin will increase more and more then the user of bitcoin will be rich like us Cheesy

Well actually, the price is not only based on the users on bitcoin but also the activities done by it, that's why the value of bitcoin still increasingly. As the years goes by, maybe bitcoin would become the most popular cryptocurrency since there are many users used it, the price would increase 2x form the last years and become famous to the world. We are very close and hope it would really happen, no harm to wait

TIDE