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Author Topic: How did Bitcoin start to price increase?  (Read 8113 times)
South Park
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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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Tanic
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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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