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Author Topic: How did Bitcoin start to price increase?  (Read 9375 times)
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November 27, 2017, 08:58:54 AM
 #221

Because its price is connected to electric cost+ mining hardware + miners tip for every block x the blocks. As more people ask for a place in this database, as more transaction take place the price is going up.

I do not think that Bitcoin price has something to do with costs creating Bitcoin. Price are driven by supply and demand. When people buys something with a limited supply of course seller will demand a higher price for it, and that is how prices goes up. Of course there are other things that investors look at.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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November 27, 2017, 09:03:22 AM
 #222

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
It is because the buyers of bitcoin are increasing. The spread of bitcoin is continue and with the passage of time more and more people know about it and they invest their money in bitcoin so with that demand the price of bitcoin increase.
Well, that is a very reasonable reason because its only about the law of supply and demand therefore if demand is high so the  price will increase. It is true that more and more people around the world who are investing bitcoin and that is a transparent reason of continuous rising of bitcoin price.

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November 27, 2017, 09:03:54 AM
 #223

when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.

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November 27, 2017, 09:17:04 AM
 #224

when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.


The bitcoin is constantly increasing its price because of the supply and demand. And of course bitcoin is not controlled by  the central authority like government and a bank. Therefore we can expect its price value being in volatility base on coin marketcap. Adding to a popularity makes it known.

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November 27, 2017, 09:33:30 AM
 #225

With increased usage and wider adaptation of Bitcoin. The demand for bitcoin is always increasing. With a constant supply and increasing demand, the only factor in the equation that can budge is the price of bitcoin by going up. Hence,  assuming increased demand, The bitcoin price gradually increases over the long term.

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November 27, 2017, 09:36:35 AM
 #226

The rapid growth in bitcoin is more to do with it becoming more and more a topic of conversion as more and more people are getting involved in the world of bitcoin more and more bitcoin is wanted so funds the circle of supply and demand.

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November 27, 2017, 12:05:38 PM
 #227

The rapid growth in bitcoin is more to do with it becoming more and more a topic of conversion as more and more people are getting involved in the world of bitcoin more and more bitcoin is wanted so funds the circle of supply and demand.

Indeed. Basically, it has something to do with Bitcoin's supply and demand. Because of the limited supply and the increasing number of people who use Bitcoin, Bitcoin's value increases over time. Actually, to be honest, I never imagined its value increasing this high. I owned few Bitcoins in the past but I just ended up converting it to fiat currency because I did not see its potential then. But look how fast time flies, and how its value reached this high. Perhaps, this could be the future of money. Perhaps it is about time we make the big switch. Who knows? Right?

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November 27, 2017, 12:10:41 PM
 #228

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

Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.

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November 27, 2017, 12:11:46 PM
 #229

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think It'sbecause 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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November 27, 2017, 12:16:03 PM
 #230

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

Bitcoin's price is heavily influenced by time and the number of investors. As time passes by, people start to recognize its existence due to the blockchain technology of transfer of money. Not to mention its decentralized nature, people used it as the main currency under the dark web, which heavily influenced a lot of abusers into buying bitcoin. Slowly, people began to realize bitcoin's existence and a lot of investors are risking their money due to its high-risk, high-reward factor. Lastly, the supply and demand of bitcoin determines its price on the market due to its 21 million cap.

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November 27, 2017, 12:17:59 PM
 #231

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
For me, I think 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...And  bitcoin's price rise with the help of the people who constantly work here and the people who contantly invest their money here. Without them bitcoin will have a small amount only or worst will be non-existent if the people dont recognized this...

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November 27, 2017, 12:19:36 PM
 #232

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

With increased usage and wider adaptation of Bitcoin. The demand for bitcoin is always increasing. With a constant supply and increasing demand, the only factor in the equation that can budge is the price of bitcoin by going up. Hence,  assuming increased demand, The bitcoin price gradually increases over the long term.

The reason why bitcoin value is constantly increasing is because there are companies who accepted and trust bitcoins through investing and trading. Obviously, as the time pass by, the demand of bitcoin is increasing for which the value of it is also increasing. To be honest, i have never seen the value of bitcoin before, but then i admit that i was wrong because i found out the my friends can buy the things he wanted because of dealing with bitcoins.

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November 27, 2017, 12:20:29 PM
 #233

The market is depending on the supply and demand. There are so many people who is investing a lot of money in bitcoins and the supply is decreasing, Now a days the value is keep on increasing because there is a lot of investors who really wants to buy bitcoins to earn more profit in the future.

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November 27, 2017, 12:51:19 PM
 #234

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

Bitcoin does not do anything to increase its price, only peopl who love and trust bitcoin keep buying and holding and make the price keep increase.
Demand from people who interest in bitcoin make the price increase and increase.

bitcoin can be popular, because bitcoin can help us in terms of meeting increasing needs. so bitcoin does not have to do the hard work, which we often do. but many people also often look for bitcoin because of the advantages of bitcoin.

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November 27, 2017, 01:03:31 PM
 #235

The market is depending on the supply and demand. There are so many people who is investing a lot of money in bitcoins and the supply is decreasing, Now a days the value is keep on increasing because there is a lot of investors who really wants to buy bitcoins to earn more profit in the future.
Bitcoin start to increase because of its adoptation and support from the users. I agree still depends on the demand and supply as the btc price increasing. As long there is buying support btc will continuing to grow.

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November 30, 2017, 03:53:04 PM
 #236

Because its price is connected to electric cost+ mining hardware + miners tip for every block x the blocks. As more people ask for a place in this database, as more transaction take place the price is going up.

I do not think that Bitcoin price has something to do with costs creating Bitcoin. Price are driven by supply and demand. When people buys something with a limited supply of course seller will demand a higher price for it, and that is how prices goes up. Of course there are other things that investors look at.
I think there are two things which can make bitcoin price high first when people keep bitcoin on hold and secondly demand is we know that bitcoin is going to accept by some their countries and still other countries are trying to accept bitcoin because bitcoin is now one of the strong and stable currency in market that’s why everyone they are going to accept bitcoin so its mean demand of bitcoin is going high and when demand go high so the price will go high.

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December 01, 2017, 01:05:43 PM
 #237

By people getting used to the blockchain technology and qucik transactions. It got a huge crowd of accumulators now thats how
Bitcoin was basically invented to ease those people who make really large transaction in million dollars but have to pay heavy tax and wait before their money get actually transferred. This way their whole transactions were recorded. Then bitcoin solved this problem but whales played a good game and bitcoin became famous among common public also. The idea was highly supported by many people and the number started increasing gradually.



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December 02, 2017, 06:08:39 AM
 #238

when you analyse its chart you can see that there is an increase in its market cap and volume that means more and more people are investing in it. As it becomes more popular the demand will increase within the same time with the price.


The bitcoin is constantly increasing its price because of the supply and demand. And of course bitcoin is not controlled by  the central authority like government and a bank. Therefore we can expect its price value being in volatility base on coin marketcap. Adding to a popularity makes it known.

Highly agreed with this. Bitcoin is improving its level of supply and demand but still it is facing many problems. Instead of all this, bitcoin is making the lives of its users fantastic and thus people are more influentially getting into it to change their live style too. While everyone is thinking about it, supply is increasing day by day and you can’t even control this situation. Still it is a good sign.


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December 02, 2017, 02:30:43 PM
 #239

Since Bitcoin is fairly young, it has a lot of time and space to develop into something of great value. We have noticed that over time, despite its volatility, Bitcoin prices seems to come through often and increases adequately. We should take note that one of the biggest factor affecting this is that Bitcoin is a limited resource but the continual growth of demand has greatly affected its value.
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December 02, 2017, 04:44:24 PM
 #240

Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think there are some things that affect the rise in bitcoin prices, the first because the bitcoin users continue to grow and the demand for bitcoin increases and currently bitcoin is used as a place for investment by its users.

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