How did Bitcoin start to price increase?

[billionaireSHS]

I disagree with that, because bitcoin was not constantly increasing. We all know that bitcoin is volatile and sometimes it will increase and decrease that's why I was disagree with your statement. Sorry, but I didn't say that you are wrong because maybe it is your experience that bitcoin was constantly increasing. But for me that is my reason that is why I am disagree.

[TelolettOm]

with an investor buying bitcoin will make the bitcoin price up now. so without investors and buyers the price will go back down as before. if there is a bad issue also affect

[LeonardoDiCrypto]

This question can be both very stupid or very profound. I will pretend that it's profound and in fact it would be incredibly interesting to go back in time and zoom in the precise moment when Bitcoin has started to have the price, and to observe the first move in price it then had and to try to get to the essence of the cause of this first move. A minimalistic moment with maximalistic consequences.

[TurboRyzen]

I read that back in 2013 the big Bitcoin pump was traced back to two accounts on Mt. Gox.

[hagiyatmaz]

every week new avenues for trading and speculation come online, providing a wider audience with even more ways to trade the asset, helping to boost its success.I have no idea where bitcoin’s price will go over the next couple years, but there is no reason to expect virtual currency to avoid a similar fate.

[btc.xbt.btc]

If you mean in the whole of it's existence you could simply do the current value minus the initial value divided by time. But I believe that the whole point is that bitcoin shifted so fast and its value is sometimes so unpredictable that it make it quite hard to calculate its increase rate.

[ScroodjMoney]

Bitcoin price is not going to come back to the low prices it was before, but it might actually drop a little bit before starting to grow once again.

[kissme09]

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

Bitcoin prices are going up at a slower pace but not as much. At current rates, Bitcoin may increase to $ 17,000 in the next few months, and it could reach $ 20,000 this year. But if the sharks do not try to control prices, Bitcoin prices will stabilize and go up steadily.

[Joshapat]

What happens to the current price need not worry, I will always be optimistic that the future and bitcoin price this year can reach at least $ 50k, if at this time the price looks stagnant because the whales are watching and immediately act to pump.

[super5star]

Bitcoin price is not going to come back to the low prices it was before, but it might actually drop a little bit before starting to grow once again.

This is a continuous process we are observing from the day one. Bitcoins never stayed at one point, means they are not stable. Neither they go to zero level in dips nor they jump to highest gratitude and never come back. But it is quite nice of them to stay in middle times where dips take them down to the pocket affordably range of poor and then grow them back to a good, feasible level.

[jayhawk1]

Bitcoin price increases when the demand is low if many users is holding it. Well, it is just a natural flow of a currency sometimes it goes down and sometimes goes up. It is one of the characteristics of BTC that fluctuates its value in no time.

Well, you are totally wrong on this subject. Bitcoin price increase with increase in demand, it doesn’t decrease with increase in demand. It goes up and down for sure, but it is surely not a natural flow of currency. There is always a reason and analysis for drop and gain in prices. Please learn the concept of demand and supply before you guide and advice other people.

[RavRider]

Its depends on demand and supply. At the beginning they was wortless. So they became value when some people discovered and want to have some. After that people saw that the transaction goes very fast. And the most important, the transaction was totally anonymous. You dont know who was the owner of the wallet adress. Thats why the people who sold and buyed ilegal stuff on the darknet start to use it as a payment method. The demand of bitcoin rised and price gained more value.

[katrimans]

We are slowly moving to the future where more and more people are slowly having access to the internet.

I doubt that internet access is the reason here!
internet coverage has been big for a long time and it is getting better and faster as time goes by. besides someone who didn't have internet access up until now (2016-2017) is obviously living in a third world country and will not run to buy bitcoin the first day of internet access.

the reason why bitcoin price is like this is because people don't know about bitcoin or are too afraid to invest in it. but when they see the performance they join in slowly.

All the game is of demand and supply and trading volume. Increase in demand cause increase in rate of the coin. Trading volume also plays a vital role in the increase or decrease in the rate of a coin.

When the trading volume starts rising, so does the rate, it shows that people are doing more transactions using it which indirectly shows the increase in demand. Many people just go with the flow. They pour in money when they see anything increasing thus rising the volume and rate even more.

[red00]

i guess bitcoin become idemand so that the reason why price increase

[susuberuang]

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

the rising bitcoin price is due to the very high demand but with very limited supply availability, it makes bitcoin getting more and makes bitcoin more expensive. not only that factor from technological developments that apply bitcoin as payment can also trigger a rise in bitcoin prices.

[Pier7]

Bitcoin has limited quantity and it has becoming more popular that a lot of people now are using it and buying it. Which leads to most basic economic situation, the law of supply and demand, which further leads to bitcoin price increase.

[dvillier]

Its relies upon request and supply. Toward the starting they was useless. So they progressed toward becoming quality when a few people found and need to have a few. After that individuals saw that the exchange goes quick. What's more, the most critical, the exchange was absolutely mysterious. You don't know who was the proprietor of the wallet address. That why the general population who sold and purchase unlawful stuff on the obscurity begin to utilize it as an installment strategy. The request of bitcoin rises and cost increased more esteem.

[sana54210]

Its because the traders and big whales holding their bitcoin for a long time and they're also the reason why bitcoin price is dropping. Big whales in bitcoin has been a part of bitcoin price changing for months this big whales most of them are high profile person who has a business to get income for and invest it on bitcoin.

Big whales can manipulate price to a limited extent. It isn’t the whale that is responsible for increase in the price of bitcoin. Its simply the game of demand and supply. Bitcoin when introduced was first decentralized platform that set aside the need of third party for transaction and increased the security and privacy of transactions being carried out.

This made it look very interesting to people that were interested in new technology. Hence, there came increase in demand for the coin that increased the price as the supply of coin was limited. In short whales had nothing to do with it. It was all by community.

[kiloiko]

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

The main reason behind the constantly increasing bitcoin price is demand and supply. As bitcoin was first decentralized platform that changed the whole idea of payment system existing in the world, it gained quite popularity in the mean time. The increased the demand for bitcoin and as the supply is limited, the rate increases with increase in demand. In the following years, the demand kept increasing and so did the price.

[kateryana81]

i guess bitcoin become idemand so that the reason why price increase

Since the time this world has seen this bitcoin, most of the people have started developing their interest towards it and that most of the people started investing their money into it. With the passage of time, when more investors started investing their money into it, the demand of the bitcoin in the international market as well as across the entire globe started rising which resulted in more market value of the bitcoin and now it is this much high that people are making out very good profit out of it.