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Author Topic: How did Bitcoin start to price increase?  (Read 8125 times)
fikihafana
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February 08, 2017, 01:41:56 AM
 #101

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth
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February 08, 2017, 01:44:36 AM
 #102

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth

Massive adoption and user growth is most reason why bitcoin prices rises and also those investor in bitcoin because now a days bitcoin is know but not really in all country and if you go deep investors will be interested in investing bitcoin that it will lead to higher price . Every year bitcoin community is getting many because every year bitcoin gain fame to others and get curious about it also the technology that brought bitcoin to us

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February 08, 2017, 08:44:59 AM
 #103

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth

Massive adoption and user growth is most reason why bitcoin prices rises and also those investor in bitcoin because now a days bitcoin is know but not really in all country and if you go deep investors will be interested in investing bitcoin that it will lead to higher price . Every year bitcoin community is getting many because every year bitcoin gain fame to others and get curious about it also the technology that brought bitcoin to us
I agree adoption of bitcoin is similar to user growth but it has a big impact in the bitcoins price like nowadays many big company and governments make legal use of bitcoins that will be more make noise to people who doesnt know it .I am not be surprise if it hits $10000 as said by the experts this 2017 .


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February 08, 2017, 09:01:48 AM
 #104

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth
that usually happens and it increases users make requests bitcoin becomes larger and auto prices higher. The cycle usually happens when the price increases in bitcoin



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talkbitcoin
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February 08, 2017, 11:01:03 AM
 #105

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth

1. there is no massive adoption, it is slowly rising though and that slow rise means more investors are coming in and investing more money in bitcoin => more demand and increasing price

2. has zero effect on how price changes at this point.

3. this also has no effect. they are researching how to make an altcoin. this may in a way attract more attention to the technology and maybe bitcoin but it is not that big.

4. is the same as 1!














 

 

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positivezero
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February 08, 2017, 12:39:01 PM
 #106

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

I agree that bitcoin price is not base on users but on the investors demand. Bitcoin is still in speculative phase where the price is driven by investors speculation.  I think the activity has nothing to do with it, it just fuel the speculation of traders and the speculation will push the price since demand will increase. 

Exactly, the more investors invest the high price increase we can get. Bitcoin gave the investors a big impact also to all users here, since because we can get more profit from if you invest and have a wise way to do that. In my opinion, if the users in bitcoin spread and try to explain all the people in the world, no doubt bitcoin would become famous, stable price and increase its price.

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February 08, 2017, 12:54:42 PM
 #107

I think we cannot predict whether when will bitcoin value increases? We cannot sure why did bitcoins start to increases? We all not know why does the bitcoin increases too? Bitcoin value or price is so volatile and cannot see what are the reasons why bitcoin value increases?

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February 08, 2017, 12:54:49 PM
 #108

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

Well I think its increasing because many people now are believing/using bitcoin that's why we will that after 2 weeks or maybe 1 week its totally increasing. Not so big, but we should be thankful that its increasing so that we can feel that were really earning. Smiley

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February 08, 2017, 02:43:24 PM
 #109

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

Well I think its increasing because many people now are believing/using bitcoin that's why we will that after 2 weeks or maybe 1 week its totally increasing. Not so big, but we should be thankful that its increasing so that we can feel that were really earning. Smiley
i think if we study the whole threads we can conclude that a almost 99% people are predicting abut bitcoin that its value is increasing and may be all these people are holding their bitcoins and that is the reason that i am also sure that in future the price of bitcoin will be more high as compare to the present price of bitcoin. and that is why i am also not going to sell my bitcoins.



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legendbtc
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February 08, 2017, 03:04:42 PM
 #110

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth

Massive adoption and user growth is most reason why bitcoin prices rises and also those investor in bitcoin because now a days bitcoin is know but not really in all country and if you go deep investors will be interested in investing bitcoin that it will lead to higher price . Every year bitcoin community is getting many because every year bitcoin gain fame to others and get curious about it also the technology that brought bitcoin to us
I agree adoption of bitcoin is similar to user growth but it has a big impact in the bitcoins price like nowadays many big company and governments make legal use of bitcoins that will be more make noise to people who doesnt know it .I am not be surprise if it hits $10000 as said by the experts this 2017 .

Till governments have not legalized it yet but many companies are testing the block chain technology, Even government are also not telling directly that they are banning bitcoin but people are using it according their needs. But once governments start encouraging people than there will big bounce in bitcoin industry.



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Mbah Slamet
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February 09, 2017, 03:03:44 AM
 #111

It's very dependent bitcoin user, if many who bought of course the prices will continue to rise. I think bitcoin unique, because it is not affected by the economic, political, and other world issues. It all depends on the demand and the stock of bitcoin.
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February 09, 2017, 04:56:30 PM
 #112

Till governments have not legalized it yet but many companies are testing the block chain technology, Even government are also not telling directly that they are banning bitcoin but people are using it according their needs. But once governments start encouraging people than there will big bounce in bitcoin industry.
Governments are still not considering bitcoin for many reasons such as they think it will only bring more illegal actions given the fact the using it does not require id and it is totally anonymous, and honestly bitcoin has been used a lot lately so probably how many people using will influence bitcoin prices, it means government's stand not at all required.
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February 11, 2017, 09:27:09 AM
 #113

Bitcoin is an electronic currency, it is real, not virtual. It is not like those other currencies. The price of Bitcoin in January 2013 was about $ 90, but its value has risen very sharply and now the price of Bitcoin is more than $ 1,000. Bitcoin get such strong growth is due to factors such as market conditions improve, supplies limited while demand using Bitcoin increasing, number of Bitcoin decrease , Bitcoin prices will rise. Currently, more and more companies / large organizations accept Bitcoin currency . The rapid development of data storage technology blockchain - the foundation of all Bitcoin transactions and strong demand from China also the factors pushing up the price of Bitcoin is increasing dramatically.

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February 11, 2017, 09:48:39 AM
 #114

You have already answered your question in the question itself. The value is increasing means the potential of bitcoin is increasing as compared to that of other options (USD or other fiat currencies) and thus people are giving preference to bitcoin thus the price is increasing based on the law of demand and supply. The value is something that the bitcoin posses with it (may not be the actual price of it) and the price is something that is an actual amount at which bitcoin is being traded.

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February 11, 2017, 10:57:50 AM
 #115

I think that the price of bitcoin start to increase when there is a hype created by the articles or rumors or even news that are being released in the internet. Those kind of moves are surely help the price of bitcoin to get skyrocket and we can see the result of it. Aside from hype, Increase in bitcoin users are also factor why the price is increasing and being stable for this kind of price.

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February 21, 2017, 10:25:29 PM
 #116

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

Perhaps it is not right to search for too much detail. So the price increase can be explained in a very simple way. The price of everything in the market gains value on demand.
As you said, people are buying bitcoin when they think that their price will increase. As people buy bitcoin, the price of bitcoin is increasing.
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February 21, 2017, 10:35:31 PM
 #117

When bitcoin is created I saw some comments  that bitcoin grows from 0.001$ to 1000$ but i dont know which post is correct because there are many posts but idk which is true so bitcoin long ago was growing very fast and now it grow really slow about 3-4x per year.
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February 22, 2017, 02:46:09 AM
 #118

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because from time to time bitcoin users the more it will increase the demand for bitcoin and that determines the price of bitcoin is demand and supply When demand for bitcoins increases, the price increases, and when demand falls, the price falls that is what determines the bitcoin price.
sometimes the price of bitcoin is often manipulated, especially country China

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February 22, 2017, 11:12:59 AM
 #119

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think that the price of the Bitcoin keeps rising because of how many people are using it.
the community keeps growing and so does the worth of the Bitcoin
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February 22, 2017, 11:27:39 AM
 #120

In my opinion, bitcoin increase because several factor

1. Bitcoin have masive adoption
2. Diff inc
3. Many company and goverment research about blockchain tech
4. User growth

Number 2 and number 3 isnt suitable to be the cause of bitcoins increase. But I would agree with number 1 and number 4 that has direct relation to the market supply and demand. If there is a massive adoption it will mean more users, and more users buying bitcoin increases the demand and that demand will trigger the mechanism for a price increase. The higher the demand the higher the price.

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