fanita
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May 06, 2017, 04:01:45 AM |
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Strong bitcoins in the market due to the high demand and bitcoin users
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phr0stbyt3
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May 06, 2017, 04:14:45 AM |
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There are many factors that affect bitcoins price directly or indirectly: 1. As the currency is expanding in many countries this causes butcoin to be introduced to many new investors this leads to increase in market cap and thus increases the price. 2. A positive news for bitcoin , like let's say some exchange like western union announces that they are going to accept bitcoin because of this current investors will invest more as they are aware in future because of this introduction price will increase
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DoublerHunter
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May 06, 2017, 05:05:12 AM |
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There are many factors that affect bitcoins price directly or indirectly: 1. As the currency is expanding in many countries this causes butcoin to be introduced to many new investors this leads to increase in market cap and thus increases the price. 2. A positive news for bitcoin , like let's say some exchange like western union announces that they are going to accept bitcoin because of this current investors will invest more as they are aware in future because of this introduction price will increase
Yeah those two are connected to each other because of the positive news about bitcoin came up then it will make a noise in the market and soon it will attract other investors outside the market to invest in bitcoin and it will become a huge help because there will be a new demand added to the market and it will pump the price of bitcoin.
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Reid
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May 06, 2017, 05:13:57 AM |
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One thing that is always on my mind. It is the increase in population that makes it expensive. As we grow in numbers we all tend to want at least a bitcoin in our hand. If that is the way we all think then the number of bitcoin outside will get lower. Then that means demands. If we stay on holding it while more users are coming it will get even lower to the point that it will get hard to get even just 1 bitcoin.
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Nicoleng29
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May 06, 2017, 08:10:44 AM |
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Due to high demand and also the users who has a smart way to manage bitcoin, thats why it gets more stronger
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SingAlong
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May 06, 2017, 09:10:23 AM |
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One thing that is always on my mind. It is the increase in population that makes it expensive. As we grow in numbers we all tend to want at least a bitcoin in our hand. If that is the way we all think then the number of bitcoin outside will get lower. Then that means demands. If we stay on holding it while more users are coming it will get even lower to the point that it will get hard to get even just 1 bitcoin.
Yep that is exactly the basic principle of economics As the demand increases the price also increases then as the demand decreases the price also decreases. On the other hand, As the supply increases the price decreases then as the supply decreases the price increases. You'll see that the relation between demand and supply are directly proportional to each other while the relation between supply and price are indirectly proportional to each other. Hence we can say that the users of Bitcoin is increasing but the other fact is that the supply of Bitcoin being not sufficient or in other words it can't keep up the pace of the demand increasing in order for the price to be stable that yield to its unstable prices that changes from time to time.
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Qartersa
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May 06, 2017, 09:29:10 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
The following may have influenced the rising of Bitcoin price in the market: 1) Its supply is fixed. 2) There seems to be a huge number of people using and/or dealing with Bitcoin. 3) The higher Bitcoin's price is, the higher the number of transactions involving Bitcoin will come to play. 4) Pioneer among other digital currencies, or should I say, the most popular of all digital currencies as of writing. The list above is not exclusive as there are other factors that contribute to its success in the market.
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doomloop
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May 06, 2017, 10:38:43 AM |
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Strong bitcoins in the market due to the high demand and bitcoin users
you are right that the stronger price of bitcoin in the market depend on the users and also on the high demand of the people, as we see that the price of bitcoin in this year has become very high it is because the users of bitcoin has been increased in this year, many people have joined the bitcoin community and also the demand of bitcoin has increased by the people which has make the price of bitcoin stronger.
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stripykitteh
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May 06, 2017, 06:32:50 PM Last edit: May 31, 2017, 08:22:10 PM by stripykitteh |
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Strong bitcoins in the market due to the high demand and bitcoin users
you are right that the stronger price of bitcoin in the market depend on the users and also on the high demand of the people, as we see that the price of bitcoin in this year has become very high it is because the users of bitcoin has been increased in this year, many people have joined the bitcoin community and also the demand of bitcoin has increased by the people which has make the price of bitcoin stronger. The community behind Bitcoin is what makes the price of Bitcoin grow. If there was a large investor within Bitcoin then he or she would not be able to get rich plus famous with Bitcoin because there is just a bunch of issues with Bitcoin that we have somewhat of an idea of it. Day trading Bitcoin is one of the things that allow the price to grow as well and the price of Bitcoin could get larger if more people hold onto their Bitcoin.
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Jewell
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May 06, 2017, 07:51:03 PM |
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The community behind Bitcoin is what makes the price of Bitcoin grow. If there was a large investor within Bitcoin then he or she would not be able to get rich plus famous with Bitcoin because there is just a bunch of issues with Bitcoin that we have somewhat of an idea of it. Day trading Bitcoin is one of the things that allow the price to grow as well and the price of Bitcoin could get larger if more people hold onto their Bitcoin.
yes that can be the reason and i think people are getting more and more confidence and therefore they are becoming more confident, i think a time will come when bitcoin will be available in every part of the earth and every person of the world are using bitcoin. because bitcoin is spreading in all over the world very rapidly.
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AUDREY23
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May 07, 2017, 01:06:54 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
It`s strange how the posibility of a hard fork made bitcoin even stronger and the price is close to 1500 USD. Or maybe someone is pumping the btc price right now... It seems that the hardfork issue will not have any effect on bitcoin prices, which is why many bitcoin users know what bitcoina will be like in the future so until now many users are still saving their bitcoin in large quantities for a long time. Even if the price goes down they will keep save even they will increase the amount
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stevano (OP)
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May 07, 2017, 01:29:48 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
Even many of the members above support that people are more confident about bitcoin I would say that is only the one side of the coin. On the other side when there is political turmoil and / or imminent military activities in some area of the world such as in North Korea, then national currencies lose their value and gold prevails. The bitcoin is digital gold and as its demand increases its value increases too. I like that many users compare Bitcoin with gold, but no one talks about the material values of one or another currency. Unlike Bitcoin, gold has a physical body that increases its chances in the eyes of users and ordinary people. People have more faith in gold as an investment only because they can hold it physically and you cannot hold bitcoin physically and that makes it really risky in the eyes of investors and they don't trust it at all. It is so investment, if not shaped it will be less demand for those who do not know but for those who already understand bitcoin then they will choose bitcoin as a place to invest right when compared with investing in gold, despite the risks but the results obtained can pay all
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sasaku bitbit
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May 07, 2017, 02:09:56 AM |
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One way to make bitcoin as a means of payment is to use bitcoin in everyday life. Currently bitcoin prices have increased significantly. What we do is to continue constantly using bitcoins. This can make bitcoin prices continue to increase.
Maybe if bitcoin is one as a means of payment which are used in everyday life today, as prices continue to escalate in value bitcoin now until the end of the year may be $1600 can get $2000 more extraordinary value. I hope the price increases alone bitcoin
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lincolnmad
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May 07, 2017, 02:12:03 AM |
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the bitcoin price become stronger because good news/gossip
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Sadlife
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May 07, 2017, 02:38:51 AM |
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The price increasing is maybe cause institutional investors like large organization, such as banks, pension fund, labor union or insurance company that has put a lot if money in bitcoin. I guess people are recognizing it as a good investment especially in the legalization of japan.
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paul gatt
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May 07, 2017, 03:14:18 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
The following may have influenced the rising of Bitcoin price in the market: 1) Its supply is fixed. 2) There seems to be a huge number of people using and/or dealing with Bitcoin. 3) The higher Bitcoin's price is, the higher the number of transactions involving Bitcoin will come to play. 4) Pioneer among other digital currencies, or should I say, the most popular of all digital currencies as of writing. The list above is not exclusive as there are other factors that contribute to its success in the market. They are just the reason why bitcoin grows steadily, but, that is wrong, the bitcoin market is mutating, it grows abruptly, and without any event making that happen, I Feeling very curious about it. So, I feel worried, bitcoin may be being taken over by some force.
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noictib
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May 07, 2017, 03:35:37 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
The fact that Investment in the bitcoin is a profitable thing was the real thing in the past and also good thing in the present and also will remain in the future , so I don't think the Currently increase in the price is the matter of the good Investment option . No doubt that daily new people are entering in the bitcoin job but reality is that the increase in the price of the bitcoin are old bitcoiners . Because the prediction news of $10k/BTC in the internet made a big change in the thought of the old bitcoiners and due to the profit greed they are buying and buying to hold for 2-3 years , so that they can multiply Thier money easily and risk free . Here I am one of them , I made buy of BTC about 0.78 BTC for the one year , hope everything goes well .
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tleilaxu_eyes
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May 07, 2017, 03:40:23 AM |
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Bitcoin is still a far more recognizable word than Ethereum/Monero/whatever. Words that are recognized are processed, information that is processed is stored. That which is stored is retrieved and repeated.
BTC is like the first kid in the group to reach puberty. A full head taller than everyone else, but not much else is separating BTC from the dozens of other growing coins.
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Look into the eyes.
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AjithBtc
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May 07, 2017, 03:45:16 AM |
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There are aspects that make bitcoin users more and more convinced that bitcoin is a good place for investment so now bitcoin prices are rising in the market!
The following may have influenced the rising of Bitcoin price in the market: 1) Its supply is fixed. 2) There seems to be a huge number of people using and/or dealing with Bitcoin. 3) The higher Bitcoin's price is, the higher the number of transactions involving Bitcoin will come to play. 4) Pioneer among other digital currencies, or should I say, the most popular of all digital currencies as of writing. The list above is not exclusive as there are other factors that contribute to its success in the market. They are just the reason why bitcoin grows steadily, but, that is wrong, the bitcoin market is mutating, it grows abruptly, and without any event making that happen, I Feeling very curious about it. So, I feel worried, bitcoin may be being taken over by some force. Bitcoin won't get trapped into specific hands. If it is possible then it could have taken place long back when several hard forking and other issues arise from the technology side as well the development side. So no need to fear that it go worthless or under someone's control.
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xapwxrm5742
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May 07, 2017, 03:45:46 AM |
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the bitcoin is a investment unlike the stock because it's free from To the control of certain companies, so you can know that the advantage of the decentralized
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