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Author Topic: How did Bitcoin start to price increase?  (Read 8905 times)
Pattart
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February 24, 2017, 05:41:49 AM
 #141

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

Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket. Cheesy
bitcoin has not spread throughout the world, many people in various countries began to recognize and use bitcoin making the demand to rise and the price is also automatically rise

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eminem90
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February 24, 2017, 05:50:28 AM
 #142

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

Because many investors are coming into bitcoin system. Actually, there many big companies are now accepted bitcoin in different countries, like in China, Australia, Europe, Singapore, Korean, Japan, and other's. and the people's demand now is high, so no wonder why the price is like a skyrocket. Cheesy
bitcoin has not spread throughout the world, many people in various countries began to recognize and use bitcoin making the demand to rise and the price is also automatically rise
Only due to demand, will be held cryptocurrency. But I can not say that today people are turning away from bitcoin or start to sell it for some reason, but the price still dropped after the rare leap to the top. It has its own explanation. I do not believe that Bitcoin is not run by the prices.
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February 24, 2017, 06:06:00 AM
 #143

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.
It depends of the supply and demand of the bitcoin to increase its price it self if you see the graph of bitcoin it always increase that fast and decrease that fast some said people are making fake volume to make jump on the price of bitcoins but if theres an good news is the price of bitcoin now is stable into $1100 up!
I think the key just on demand and supply. That's why if you have the expertise to manipulate demand and supply you could manipulate the price of bitcoin.
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February 24, 2017, 10:00:15 PM
 #144

As the price of bitcoin increases, the price increases with time. It's a very simple definition. But that's what I see in general.

People do not want to miss opportunities. As the demand for bitcoin increases, the price is starting to increase. And more bitcoin buying is taking place. If the market goes downhill, the price naturally begins to fall.

Classical supply and demand is shaped according to the balance.
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February 26, 2017, 11:01:11 AM
 #145

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.

I agree on the "supply and demand" part, but I don't think "whales" are really manipulating the Bitcoin's price these days. To do that you have to risk millions or rather dozens of millions of USD. I doubt people are doing that actually.
We know that Bitcoin is limited to only 21 million coins and as more people are adopting it, the available coins are no longer concentrated in one or few persons anymore. To effectively dump Bitcoin, it would entail having a significant number of holders to be willing to sell off their coins and with plans of not buying again and I just don't see how that can work out anymore, because the consensus of bitcoin enthusiasts, is that we are going to the moon.

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February 26, 2017, 12:50:24 PM
 #146

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.

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dothebeats
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February 26, 2017, 03:47:41 PM
 #147

Main reason why bitcoin's price increased over the years is because people actually learned about its value and that other people are interested in having their piece of bitcoins in exchange of the item that the buyer wants to have. It's more about the demand of bitcoin back then and its utility when its price was still around a dollar or two. Then afterwards, some investors thought that it could be a great investment tool so they manipulated it, tried to play with it and get everybody and their mother into the hype train. That is where we at today.

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February 26, 2017, 03:52:10 PM
 #148

The depletion of the mined bitcoin is one reason. That is for sure.
Whenever a thing is limited it gets valuable and bitcoin have that kind of feature. It only have 21 million to be mined and that is all.
So people are starting to keep some thinking it would really be expensive some day in the future.
It is like owning a gold which also will be depleted in this earth. It is not like a tree that will grow again.
Anything that works like that is precious in this earth.

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February 26, 2017, 04:22:44 PM
 #149

The current price increase may have to do with the ETF hype and that will culminate in march 11th with either a massive pump, or a small dip, because im sure that if the ETF doesn't pass, it will be due small requirements, so that only means progress, it means we would be closer to the approval, so all scenarios are good. If a dip happens we can buy more, if it doesn't then have fun and enjoy the big uprise.

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February 26, 2017, 04:31:13 PM
 #150

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.

This was the previous news, now a day Bitcoin is rarely used in darkweb, I think people there are more incline to use anonymous coin and since Bitcoin is known to be pseudo anonymous and not completely what they think of, they moved to anon altcoins.

I think it is the adoption of people, speculative thinking of traders and good news about development that push  Bitcoin price to increase.

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February 26, 2017, 07:09:07 PM
 #151

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.

This was the previous news, now a day Bitcoin is rarely used in darkweb, I think people there are more incline to use anonymous coin and since Bitcoin is known to be pseudo anonymous and not completely what they think of, they moved to anon altcoins.

I think it is the adoption of people, speculative thinking of traders and good news about development that push  Bitcoin price to increase.

I do not believe that the illegal operations increasingly using Bitcoin than cash. Just the media always want to blacken the name of Bitcoin. I do not understand why they do it
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February 26, 2017, 09:58:36 PM
 #152

Well I think that Bitcoin's value is constantly increasing is,
Because of the huge number of investor or Bitcoin user that are buying it,
I think it is basically because of stock and demand for this crypto currency.

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February 26, 2017, 11:11:36 PM
 #153

Bitcoin prices have been increasing since it was founded in 2009. It has not dropped back to the prices back then. The prices is primarily driven by supply and demand and not really anything else. If people want to buy bitcoin at that price and people want to sell at the same price, that what determines the prices.
Indeed, bitcoin had never dropped back to the early price in October 2009 which the first exchange rate was BTC1,309 equal to $1 and now $1170 equal to BTC1, amazing changing over time.
What interesting part of whole stories is how people attracted to buy bitcoin in the first place.
Because bitcoin is a revolutionary technology and enable a new way to send payments over the internet.

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February 26, 2017, 11:16:43 PM
 #154

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.
I think bitcoin famous not because the black market or illegal transactions. but bitcoin bitcoin famous for a very profitable investment. would demand of it makes bitcoin prices rise
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February 26, 2017, 11:36:53 PM
 #155

Bitcoin prices have been increasing since it was founded in 2009. It has not dropped back to the prices back then. The prices is primarily driven by supply and demand and not really anything else. If people want to buy bitcoin at that price and people want to sell at the same price, that what determines the prices.
Indeed, bitcoin had never dropped back to the early price in October 2009 which the first exchange rate was BTC1,309 equal to $1 and now $1170 equal to BTC1, amazing changing over time.
What interesting part of whole stories is how people attracted to buy bitcoin in the first place.
Because bitcoin is a revolutionary technology and enable a new way to send payments over the internet.

It is really an incredible investment, one of the investment that keep in rising and had such a great increasing value is bitcoin, i am quite shocked with the fact that the price had double in 2016 and now the price still keep on rising, i think more and more people realized that bitcoin can be future currency and new way of doing transaction, so there are a lot of people interested in trying using bitcoin

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February 27, 2017, 01:02:05 AM
 #156

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.
I think bitcoin famous not because the black market or illegal transactions. but bitcoin bitcoin famous for a very profitable investment. would demand of it makes bitcoin prices rise
The other important thing if a lot of the people are trying to get full control of his financial. and the digital assets have offered it. It makes the cryptocurrency being famous into a lot of the people outta here.

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February 27, 2017, 03:54:12 AM
 #157

I have read several articles about it and the main factor or the catalyst as the way they have said it is because of drugs. Bitcoin is a popular currency in deaking with deepweb transactions especially in the site called silk road. This site is the reason why Bitcoin tripled its price and everytime it shuts down Bitcoin's value decreases but everytime a new version of Silk Road is open it increases again.
I think bitcoin famous not because the black market or illegal transactions. but bitcoin bitcoin famous for a very profitable investment. would demand of it makes bitcoin prices rise

Its funny, I think you are out of update about bitcoin. Bitcoin value increased to ton value now and many adoption and demand has happen in bitcoin. These efforts pulls bitcoin to start with many online businesses.
We all know, it is not legal by any government but still people are using it and don't say simply it's being use in black market or other fraudulence schemes.

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February 27, 2017, 03:59:13 AM
 #158

I guess because everyone doesn't want to spent using their bitcoin, everybody wants to buy bitcoin and keep it that makes the price of bitcoin to go up. Imagine it's only $4usd per bitcoin in year 2010 now its playing between $1100 to $1200.
Many analyst predicted that bitcoin may become $2000 at the end of this year 2017. This is a good news to all bitcoiners like us Wink

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February 27, 2017, 10:09:25 AM
 #159

Bitcoin prices have been increasing since it was founded in 2009. It has not dropped back to the prices back then. The prices is primarily driven by supply and demand and not really anything else. If people want to buy bitcoin at that price and people want to sell at the same price, that what determines the prices.
Indeed, bitcoin had never dropped back to the early price in October 2009 which the first exchange rate was BTC1,309 equal to $1 and now $1170 equal to BTC1, amazing changing over time.
What interesting part of whole stories is how people attracted to buy bitcoin in the first place.
Because bitcoin is a revolutionary technology and enable a new way to send payments over the internet.

It is really an incredible investment, one of the investment that keep in rising and had such a great increasing value is bitcoin, i am quite shocked with the fact that the price had double in 2016 and now the price still keep on rising, i think more and more people realized that bitcoin can be future currency and new way of doing transaction, so there are a lot of people interested in trying using bitcoin

AFAIK that many people interestes of bitcoin because most of them are feel advantages by being anonymous. Most of them are attract with gambling, that is why many people start to gambling and most of them are from the country that make gambling illegal. People know gambling with bitcoin is faster than people know bitcoin from trading
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February 27, 2017, 10:22:18 AM
 #160

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.
It depends of the supply and demand of the bitcoin to increase its price it self if you see the graph of bitcoin it always increase that fast and decrease that fast some said people are making fake volume to make jump on the price of bitcoins but if theres an good news is the price of bitcoin now is stable into $1100 up!
I think the key just on demand and supply. That's why if you have the expertise to manipulate demand and supply you could manipulate the price of bitcoin.
In this time there are no the parties can manipulate the price of bitcoin, and after the audit had done by PBOC and it seems like the Chinese exchange can't affecting or preventing the price of bitcoin again to go to the moon.

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