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Author Topic: What is the Reason for increase of the Bitcoin?  (Read 2651 times)
timerland
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June 11, 2017, 11:18:55 PM
 #61

I should say it is a luck. Many investors will invest if bitcoin has proven a lot therefore,the bitcoin increases. Others may put down the name of bitcoin because they haven't experienced yet the benefit of being a bitcoin member but once they experience it, for sure they will slap their faces that it is genuine. Though you have to wait the increasing point because it isn't stable at times but then it is paid of once you achieved its challenge to wait. Patience is truly a virtue.

It's not luck. It's called speculation. I agree though that it's probably not because bitcoin has suddenly having a surge of new users but rather existing investors buying more and more of it to pump the price per bitcoin up.

The reason of bitcoins price increase is basically just because of the simple understanding of supply and demand. Thats the main reason, bitcoins supply has a limit of 21 million and there are already 16M in the rotation so as we reach the limit, the demand gets higher while supply is becoming low that makes the price pump.

Agreed. Price of bitcoin in the long run thereotically will always be bullish because of this reason. There will only be this much bitcoin in existance but there is an infinite amount of fiat currency that can be printed. Therefore, bitcoin is a good "store of value". But this isn't the reason why bitcoin is up in the short term, short term is always about hype and media.

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June 11, 2017, 11:24:58 PM
 #62

What is the Reason for increase of the Bitcoin?

Main reason is because whales want to get into bitcoin. Capital controls are tight in certain countries like China and Korea and therefore people are prepared to take a risk in assets that allow them to get away from government agencies that constantly monitor their wealth. I disagree with people who say that it's just hype and speculation. I believe that it's actually people discovering that bitcoin is a good way to store their wealth, and actually buying into it.

Proof? Korean and Chinese btc prices are always on top of the USD price because of tight money controls. I know that the korean markets have slowed down but if you look on localbitcoins the chinese buyers/sellers still trade at a high premium of 10% at least. And the USD rate is a bit lagged imo so it'll follow the trend of these exchanges. I'm not saying that none of this is speculation, probably a lot of it is. But it's not all speculation either.

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June 14, 2017, 10:16:19 AM
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What is the Reason for increase of the Bitcoin?
Not clear you are asking about the amount of bitcoins in the market or the price ?

If you are asking about the amount then it will increase as more and more people will be mining coins. If you are asking about the price, its the demand supply ratio. The more demand something has, the more it's price will be.

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Rizky Aditya
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June 14, 2017, 07:28:15 PM
 #64

What is the Reason for increase of the Bitcoin?
Not clear you are asking about the amount of bitcoins in the market or the price ?

If you are asking about the amount then it will increase as more and more people will be mining coins. If you are asking about the price, its the demand supply ratio. The more demand something has, the more it's price will be.

yes you are right the increase of the amount of bitcoin in market is dependent on the number of miners as greater the number of miners so greater will be the amount of bitcoin in market however the price of bitcoin is depend on the numbers of users of bitcoin because when the users of bitcoin are greater then the demand of bitcoin will be increase which inturn increase the price of bitcoin and the investors are also the reason of increase in bitcoin price.

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June 14, 2017, 07:32:04 PM
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yes you are right the increase of the amount of bitcoin in market is dependent on the number of miners as greater the number of miners so greater will be the amount of bitcoin in market however the price of bitcoin is depend on the numbers of users of bitcoin because when the users of bitcoin are greater then the demand of bitcoin will be increase which inturn increase the price of bitcoin and the investors are also the reason of increase in bitcoin price.

What do you mean by number of miners?

The amount or price in bitcoin depends on the demand of users. Miners produced bitcoin but without demand of it, then there will be no increase in it's price. You just almost stated it. Maybe you are talking with the quantity of bitcoin but still like we said, no demand, no price increase, no hype, no investors .

Demand is the main factor why price increase. News and speculation are some of the examples who are making those demands since speculations will revolved around it.

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