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Author Topic: Bitcoin prices rise high  (Read 37294 times)
ktabb
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June 11, 2017, 11:08:45 PM
 #101

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


This is part of it but a lot is simply a snowball effect... hype. People are seeing bitcoin rise and they don't want to miss out, so they buy in. This will likely push the price too high and it inevitably will have to correct back downward. But right now it has been relatively steady between $2700 and $2900, so we'll see if it starts skyrocketing again. Either way, I think it has already gone too high.

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June 11, 2017, 11:48:24 PM
 #102

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


This is part of it but a lot is simply a snowball effect... hype. People are seeing bitcoin rise and they don't want to miss out, so they buy in. This will likely push the price too high and it inevitably will have to correct back downward. But right now it has been relatively steady between $2700 and $2900, so we'll see if it starts skyrocketing again. Either way, I think it has already gone too high.

For this moment I agree with you, it has gone too high. But in some time, weeks or months bitcoin will pass the 3000$ mark, I have no doubt about it. However it's not a good idea to stop working to focus on bitcoin, you can have losses if you do it and it will be hard to recover your wealthy later.

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June 12, 2017, 12:02:46 AM
 #103

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


This is part of it but a lot is simply a snowball effect... hype. People are seeing bitcoin rise and they don't want to miss out, so they buy in. This will likely push the price too high and it inevitably will have to correct back downward. But right now it has been relatively steady between $2700 and $2900, so we'll see if it starts skyrocketing again. Either way, I think it has already gone too high.

For this moment I agree with you, it has gone too high. But in some time, weeks or months bitcoin will pass the 3000$ mark, I have no doubt about it. However it's not a good idea to stop working to focus on bitcoin, you can have losses if you do it and it will be hard to recover your wealthy later.


Why would you have to stop working/ quit your job to be able to make something out of bitcoin? Well that's the thing with investing, it's almost like gambling.

High bitcoin price will attract more and more investors since there's a potential for the price to go even higher, therefore bigger oppurtunity for investors to profit.

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Wapfika
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June 12, 2017, 12:40:56 AM
 #104

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


This is part of it but a lot is simply a snowball effect... hype. People are seeing bitcoin rise and they don't want to miss out, so they buy in. This will likely push the price too high and it inevitably will have to correct back downward. But right now it has been relatively steady between $2700 and $2900, so we'll see if it starts skyrocketing again. Either way, I think it has already gone too high.

For this moment I agree with you, it has gone too high. But in some time, weeks or months bitcoin will pass the 3000$ mark, I have no doubt about it. However it's not a good idea to stop working to focus on bitcoin, you can have losses if you do it and it will be hard to recover your wealthy later.


Why would you have to stop working/ quit your job to be able to make something out of bitcoin? Well that's the thing with investing, it's almost like gambling.

High bitcoin price will attract more and more investors since there's a potential for the price to go even higher, therefore bigger oppurtunity for investors to profit.

Im thinking of quitting and just focus in btc, theres more future in btc than my work. Btc value keeps on growing my salary not.

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June 12, 2017, 01:05:07 AM
 #105

If you think that Bitcoin prices are high now then wait for some months and you will certainly see Bitcoin price beyond 3500$ mark. High rise in price because of high growth rates is one of the reasons i see Bitcoin as an investment.

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June 12, 2017, 01:19:00 AM
 #106

It could be that it happens, but keep in mind that the positive value of Bitcoin increases is evidence that bitcoin still has an increasing valuation in the eyes of the world community. The volume of bitcoin trade increases in volume and value, indicating the strength of bitcoin as a currency (as wekk as an asset). Bitcoin, which now has valuations of more than 6 Billion US Dollars, is considered to have sufficient strength to survive for long a time, so some technologies are being developed using bitcoin platforms, including the digital certificate project by MIT.

The rise in bitcoin prices also has an unpleasent impact on bitcoin users. High prices can cause new people to know bitcoin reluctant to buy, so the bitcoin adaption rate decreases. beginner users are an important factor in the expansion of bitcoin use. With the high bitcoin price, only a handful of people with money can afford to buy enough bitcoin to spend.
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June 12, 2017, 01:24:38 AM
 #107

Maybe its a cause of people knowing bitcoins because bitcoins are getting established into the news tv everywhere due to its price hike which hit the all time high since 2010.Or maybe its because of adoptions of big countries in the world

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June 12, 2017, 01:25:14 AM
 #108

I Think  Bitcoin Has A High Price Right Now . 2,700 or 2,800 dollars to much expensive When You invest . and To Much High To Convert If You have btc ..
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June 12, 2017, 01:32:22 AM
 #109

First of all trading requires time, if you see someone who is an active trader and at the same time has a full time job then he/she is doing

The trading as a hobby and is not serious about it, meaning earning profit is not the main goal of doing this, but serious traders aiming for

Profit are full time on it, many people might be disappointed if they only focus on Bitcoin trading because not all were meant to be a trader.

Also it doesn't matter if price being high or very cheap, if you are a good trader then you could earn profit even by selling stone and water.
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June 12, 2017, 02:06:15 AM
 #110

Indeed,high prices are not a problem for a trader,because traders must have a way to take advantage of the time and opportunities available to gain profit in trading.

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June 12, 2017, 02:16:19 AM
 #111

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

It can be but I would suggest to never leave their job in real world just to go full time with bitcoin. Bitcoin is really indefinite and unpredictable so it is hard to rely to it and embrace it fully but you can treat it as an extra income since it has its conveniency we can do it.

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June 12, 2017, 02:48:34 AM
 #112

The bitcoin price always depends on adoption if more people is interested  in btc then the price will go higher and higher and no one can't stop that.

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June 12, 2017, 03:00:01 AM
 #113

Working for bitcoin does impact the rise of bitcoins value, for example an employer buys a bitcoin to pay for his employee.
Bitcoin will rise more because of the scene that it made, more people will surely ride to the moon.

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June 12, 2017, 03:06:17 AM
 #114

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

I think this is due to the earning impact of doing nothing .
In the Bitcoin one and only one way to make money is trading but most of them did not get much success to make a legit amount of earnings , and also many of the new trader lost Thier money in the trading   . But currently increase in the price of the Bitcoin making everyone full.with money without investment of btc anywhere , because of increasing price .
So most.of people don't want do work for risky trading and holding Thier Bitcoin in his wallet and enjoying the increase of the price and making money by doing nothing .
About 3 thousands people are Dail and entering in the Bitcoin fromy country , so you can make estimate how many of the population are entering from the world and increasing the price for profit .


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June 12, 2017, 03:11:36 AM
 #115

The bitcoin price always depends on adoption if more people is interested  in btc then the price will go higher and higher and no one can't stop that.
Yes bitcoin value it depends on the adoption of people because it helps to increase the demand, that is why w3 need to continue advertising and promoting bitcoin to make bitcoin life more stable in the future.
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June 12, 2017, 03:18:16 AM
 #116

Honestly, when bitcoin prices rise high.. it's give me more spirits to me for hunting bitcoin on every sites when i hunting bitcoins. Roll Eyes but i don't know bitcoin price will be stay on high or no.. will be rising again or no on the future.. Huh hopefully will be stay on rising price.  Wink
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June 12, 2017, 03:28:26 AM
 #117

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


Yes, this is one of the reasons. People focusing on bitcoin instead of everyday job is impacting the price. But there are a lot of factors. Even the price itself is a factor affecting the price.

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June 12, 2017, 05:58:00 AM
 #118

Bitcoin is really in demand right now. Many people wants to know how to earn bitcoin and people has so much interest in bitcoin. This is just a proof that bitoin is rising higher. Not just its popularity but its price as well. Bitcoin has surprised many with the rise of its value. Now, bitcoin is very promising in the future. So now is the time to do your move on how are we going to earn bitcoin.

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June 12, 2017, 06:02:11 AM
 #119

I am glad that the exchange rates are rising continuously. But at the same time, I am worried about the competition from the altcoins. Two months back, the Bitcoin market capitalization was around $17 billion and the Ethereum market cap was just $4.5 billion. Now the respective figures are $48 billion and $33 billion. A 180% increase in the BTC market cap is being dwarfed by a massive 633% rise in the Ether market cap.

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June 12, 2017, 06:09:34 AM
 #120

I am glad that the exchange rates are rising continuously. But at the same time, I am worried about the competition from the altcoins. Two months back, the Bitcoin market capitalization was around $17 billion and the Ethereum market cap was just $4.5 billion. Now the respective figures are $48 billion and $33 billion. A 180% increase in the BTC market cap is being dwarfed by a massive 633% rise in the Ether market cap.

Looks like those two Top coins today are racing since their growth is so amazing that I can't imagine on when this upsurge will go, But lets monitor for more if there would be another coin would compete at them, This year is the greatest year of crypto coins and im so sure that markets of all crypto's well get more adoption on these upcoming years and markets of it would provably scattered around the globe.



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