How did Bitcoin start to price increase?

[Xester]

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

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.

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[ipanks]

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

In my own opinion I guess it is because of its being in demand of the coin.
And investing bitcoin in so many ways.
Keeping bitcoin in their wallets so it cause in demand of bitcoin.

demand and supply from the market is the the most factor that i know will make bitcoin price increase and decrease but we seen that sometimes bitcoin price is not going to go up or down but its flat in the one range like now. i think the price is ready to go in another price and many of us is hope that the price will be up like before.

[bestluck]

Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.

[gabmen]

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

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.

[Wandering Soul~]

Bitcoins started at the price $0 and move on to $0.01 and so on . It doesn't have a stable price it is always fluctuating and it started since its beginning years . It was intended to increase over time by design that's why there is a limited supply of bitcoin wherein if the demand increases so will be its price this is why we can know that its users keeps increasing cause the price is also increasing .

[AicecreaME]

Bitcoins price is based on its population. Since bitcoins price is getting higher than its price before, its population also increases every day that passed by, because of this, the price increases. But why do people turned themselves on doing bitcoin?, it is because the "give and take" thingy. Bitcoins gives us a lot of benefits and advantages in its own way, and we, in return continue on using bitcoin no matter what happens.

[kryptqnick]

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.

[Rahar02]

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

because 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.

Mostly because people interested to the idea behind blockchain technology which offering better options to manage (be your own bank) and better transaction than conventional banks over the world. The news about bitcoin must came from the devs team through internet to spread how bitcoin as digital currency . When big whales started to bought bitcoin and then the snowball keep getting bigger and bigger.
They know that bitcoin demand will increase cause the price constantly increasing.

[maku]

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.

I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.

[bit1]

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

Well obviously because the demand rises and a lot of people are actually using it now than a couple of years back. So don't be surprised if btc price would continue to go up as more and more people will be introduced to btc and will be aware of its functions.

Is necessary to mention  that as the difficulty grows as time goes   is necessary to use more hashrate  more and more so hardware vendors
manufacture and sell their mining products driving this industry, in the same way the miners need a price to afford their operation or at least cover operating expenses, other services such as pools, exchanges, betting sites, faucets, etc ,  all this has created and sustained the growing of the demand that you mention, as time passes surely use will continue in new ways and obviously as you know the offer is limited therefore an upward pressure is exerted speaking in long periods of time mainly that is where those increases are noticed more.

[MFahad]

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

It is because of the continues and increasing user of bitcoin and those users where asking for bitcoin, investing, buying bitcoins which makes it in demand and so the bitcoin increases fast if it is the reason. Many users, in demand bitcoin so the value or price increases too.

[Kotone]

its increasing i think because of the new comers in bitcoin and theyre investing alarge amount in bitcoin thats the reason why bitcoin price is pumping. we all know that bitcoin price is depending on its investors because its a decentralized currency which you dont have an assurance of being stable of its price. so dont keep wondering why is it like that just enjoy and earn money.

[carlerha]

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.

I never said that bitcoin's price is predictable. It isn't. What I mean by that term is bitcoin creation predictability.
You know exactly number of bitcoins created now and we will know how many BTC will be created in 5 or 20 years in the future.
That is bitcoin probability. This feature differs BTC from fiats where quantitative easing is used freely and we have no idea how many banknotes were created.

but to me i think the price of bitcoin is predictable and there is no doubt about, there are so many factors from which we can determine about the price of bitcoin that either it is decreasing or increasing, but to me as the users of bitcoin are continuously increasing therefore we can predict that the price of bitcoin is also increasing.

[Fireblade]

Th real increase in the price of bitcoin or any other asset or coin is the increase in its demand. So if more people will invest their money in bitcoin and less people will agree to sell their coins then it is called as increased demand and with that the price of bitcoin also increases.

yes that can be the main reason, i think the demand of bitcoin is continuously increasing and that is the reason that we can see that incredible increase in the price of bitcoin. in previous days it was easy to manipulate the price of bitcoin and most of the tie we notices that the price is artificially increased by some investors but after that it fell down to its original position, but now as soon as the number of bitcoin users are increasing it is becoming difficult to manipulate the price of bitcoin for a few investors.

[Victorycoin]

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.

Yes the law of demand and supply is actually behind the rise in the price of Bitcoin. Total supply of Bitcoin has an upper bound of 21 million coins and that is already too little for the entire globe. Then as much more people from different countries are getting pissed off with their local currencies and Bitcoin obviously offers better and unprecedented options, the demand for it keeps soaring and so its value. As a matter of fact, the projection is that as more and more people come to adopt Bitcoin, the demand would increase even further and that is sure to make Bitcoin much more valuable.

[PokerFace3]

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

In my own opinion I guess it is because of its being in demand of the coin.
And investing bitcoin in so many ways.
Keeping bitcoin in their wallets so it cause in demand of bitcoin.

demand and supply from the market is the the most factor that i know will make bitcoin price increase and decrease but we seen that sometimes bitcoin price is not going to go up or down but its flat in the one range like now. i think the price is ready to go in another price and many of us is hope that the price will be up like before.

Demand and supply is the obvious reason behind the price increase, we can see that when the demand of bitcoin is increase, people start buying and so the supply decreases and therefore the price of bitcoin also increase, and when most of the people start selling bitcoin so the price start decreasing  because people even welling to sell their bitcoin on a little lower price also .

[streazight]

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

Bitcoin price is not predictable although btc really is limited in number, so I honestly think bitcoin is not destined to rise but it just does, because there are more people believing in it or less people but they have a lot of faith. So, yes, like you say, it is happening because of popularity and other factors are rather causes of this popularity, IMO. And yes, inflation is definitely avoided by the limitation.

But, I think we can predict the price of bitcoin from the progress of bitcoin in our local area. In my area as the number of bitcoin users are increasing continuously, because when I started using bitcoin at that time I think I was the only person to use bitcoin but now I can see that the number of bitcoin users in my area are more that 50 may be more.

So, I can say that it is a good progress and therefore the price of bitcoin will continue rising at least will remain constant.

[OrangeII]

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

bitcoin purchase ynag so much, halving, and many other things that could make bitcoin prices to rise. we will not be able to conclude what makes bitcoin prices rose to a higher, but, if there is no information halving happens, then, most likely bitcoin prices go up because people are buying bitcoin.

[beerlover]

Bitcoin's price is destined to rise because unlike other fiat currencies BTC is predictable and has limited in supply.
So with limited supply when bitcoin becomes more popular demand is rising and price is increasing as a result.

There are also couple more factors to consider:
- bitcoin is still a technological novelty, adoption is till in its early phase
- bitcoin is not based on debt
- bitcoin is not controlled by central authority, government or institution

With bitcoin we can avoid something like this: https://en.wikipedia.org/wiki/Dollar#/media/File:Zimbabwe_100000000000_Dollars_Bill_2008.jpg

No doubt that the price of the bitcoin will increase eventually as it becomes more and more popular, however you saying that it is predictable I might have to disagree on that, because as we saw, the price went up to 1000$ and we predicted that it is going to keep rising but we were wrong, my point is that we can never predict the future we can only hope for it to keep rising.

[South Park]

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.