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Author Topic: How did Bitcoin start to price increase?  (Read 8173 times)
virasog
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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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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.

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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

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February 07, 2017, 06:35:09 PM
 #99

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.

it is possible that soon there will be a course correction. It seems to me that the true price of Bitcoins is 950 dollars. But, this is just my assumption.
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February 07, 2017, 11:45:45 PM
 #100

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. 


     
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