How did Bitcoin start to price increase?

[Tanic]

The interest for bitcoin is going and exactly the demand makes the price for bitcoin to grow. Add to that the number of bitcoins is limited by 21 millions, so it will not be enough for all people in the world. That's fact also makes the price to rise.

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[RussiaIsBest]

Bitcoin price is increasing all over the time because there are more and more customers of bitcoin crypotcurrency so that is the most important reason so more and more popularity bigger price it is.

[LegendaryMiner]

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.

[socks435]

And the other help are the people who are using bitcoin and invite people to use bitcoin because of more sites are accepting bitcoin as payment unlike before so every day i think we are growing but 2/10 are actually staying long in bitcoin because of scam and any online activities that can destruct the image  of bitcoin..

[Pattart]

Bitcoin price is increasing all over the time because there are more and more customers of bitcoin crypotcurrency so that is the most important reason so more and more popularity bigger price it is.

bitcoin prices will not always go up, but it will rise and fall according to demand bitcoin on the market. when demand is high in the market bitcoin. then we can be sure that prices will rise, and vice versa

[bitkilo]

One factor is that there is only half the amount of coins hitting the markets for sale each month from miners and pools now since the bitcoin halving event last year so when more people want something that there is less of the price will go up, simple supply and demand.

Also when the price goes up it makes news and when it makes news more people want in but normally by that time it is too late and these people get caught up in the following dump, then the price goes down a little and the roller-coaster starts all over again.

[meemiinii]

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.

[Sundark]

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.

It was said many times before.

The real reason bitcoin is worth something is the will of people who are ready to pay fiat money - current legal tender, for BTC, which isn't supported by any higher power, nation or institution.
Bitcoin is like these old Baseball cards, they weren't worth a damn in the past, but someone believed they might be worth something.

[xuan87]

The price of bitcoin is not same with fiat, which is being controlled by the government, bitcoin price is based on supply adn demand that is why the price is hard to be stable, the reason why it keeps on increasing over time is because there are more user and more investor buying bitcoin to become an investment

[Xester]

the price of bitcoin is also affected by the supply and the demand of bitcoin. in simple understanding, the higher the number of persons want to acquire bitcoin (demand) yet the lower is the number of available bitcoins (supply) will result to the PRICE INCREASE. further factor is the big whales too who manipulates the price while holding much bitcoins on hand.

It was said many times before.

The real reason bitcoin is worth something is the will of people who are ready to pay fiat money - current legal tender, for BTC, which isn't supported by any higher power, nation or institution.
Bitcoin is like these old Baseball cards, they weren't worth a damn in the past, but someone believed they might be worth something.

Its the will of the people who believed in bitcoin and purchased bitcoin and thats why its value is constantly on the rise. Speaking on the matters of the market the more people trusted bitcoin the more demands it makes. The more demands and with the limited supply of bitcoin the price has climbed up to 900 + $. This will not stop to increase as more people hold on to bitcoins and many business and merchants are beginning to accept bitcoins as a mode of payment.

[hase0278]

Bitcoin's price is always on the move because of its users in my opinion. Transactions happen everyday not to mention to many of them that makes the market go unstable. Unlike fiat that the value is determined because it was decentralized, the value bitcoin has is determined by the buying and selling that everyone who uses it do. Thus transactions are important in determining it's price since it is the one who made bitcoin's price start to rise.

[delliaerd]

Bitcoin's price is always on the move because of its users in my opinion. Transactions happen everyday not to mention to many of them that makes the market go unstable. Unlike fiat that the value is determined because it was decentralized, the value bitcoin has is determined by the buying and selling that everyone who uses it do. Thus transactions are important in determining it's price since it is the one who made bitcoin's price start to rise.

I couldn't agree more with this one, bitcoin price depends with determining, how much the users of bitcoin buy and sell bitcoin. It is important activities for existence bitcoin also the price depending based with it. Bitcoin like other common currency, if More and more people buy a currency then the currency will increase price. So for nowadays the price of bitcoin increase slowly but constant because the popularity of bitcoin made more peoples get starting interest to use bitcoin.

[jacafbiz]

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.

[sunsilk]

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.

Not just them but all of us are the ones who are responsible for the price increase. When many bitcoin users are buying then that's making the demand higher.

And when the demand is becoming higher, chances of price increase is happening. Also with the initiative of whales.

They are also making something to make the price increase.

[audaciousbeing]

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

From the way I see it, its will continue to rise due to several reasons that I will be highlighting:

1. People have always wanted a new way of doing transactions that defies all forms of government encumbrances and when an option came by Satoshi it was embraced.

2. As much as possible when the popularity start increasing, then the unit is not moving in that direction then demand is more than supply which will definitely will increase the price.

3. Continually from there, people start giving it the publicity by trying to bad mouth it thereby increasing its awareness.

[webtricks]

Bitcoin is based on the concept of decentralization.
Decentralisation envolves free play of market.
When we say free play of market, it means price is determined through forces of demand and supply.
Best feature of Bitcoin is that its supply is already limited. So all stress goes to its demand! When its demand increases, its price increase. So it leads to situation of 'excess demand' and prices increases overtime!

[buwaytress]

The interest for bitcoin is going and exactly the demand makes the price for bitcoin to grow. Add to that the number of bitcoins is limited by 21 millions, so it will not be enough for all people in the world. That's fact also makes the price to rise.

Don't forget that each coin is made out of 100 million satoshi, so even if 11 million bitcoins are lost, you can still have 10 million x 10 million satoshi =)

In theory, even 1 satoshi could be worth a dollar if this scarcity is really a huge problem. Not that it can have much of an effect if it does at the moment (look at how much DOGE is produced and still maintaining a good price!

[Victorycoin]

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.

[thepo1m]

I think the price start to rise when more people start to realise the sound fundamental and potentials problem Bitcoin has would solved for them and this create more demand for Bitcoin and as the demand increase it pushed the price up.

[zikel]

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.

I want to believe that the price is formed honestly. But it seems to me that all the same it is very influenced by the behavior of the major holders cryptocurrency. They are able to influence the price of Bitcoin.