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Author Topic: Bitcoin prices rise high  (Read 37294 times)
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June 13, 2017, 03:49:17 PM
 #141

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

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.
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June 13, 2017, 04:34:26 PM
 #142

Yeah. Prices are going high but don't know why people are being excited about it? The thing is bitcoin will keep increasing in its value and it is already known with news, future critics etc. Yeah people are getting insane about its price and making it real job but we should always be aware of internet world and its side effects in the future. Well, it's sarcasm but who does really know about bitcoin after a decades later.

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June 13, 2017, 04:40:43 PM
 #143

I've not been following bitcoin scene for a while now and just looked at poloniex.Surprised to see the sudden amount of people using that exchange has multiplied and its volume is insane but when I looked at the markets my eyes nearly popped out of my head.Some of the alts are tenfold and bitcoin now a freakin  few thousand dollars.WTF has happened?
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June 13, 2017, 05:05:05 PM
 #144

Maybe,Recently Offers online shopping in different countries can be seen in widespread use. Offers business is also send and receive files. Higher prices may be more of a variety of reasons.
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June 13, 2017, 05:27:45 PM
 #145

Maybe but not all people are like stopping to do their job or work and focus in bitcoin.  Maybe if they are good on it and have many bitcoins to continually maintain, maybe.  If ever I have a huge amount of bitcoin maybe I would do also what other people are doing.  What you earn from bitcoin were still income and money so it is almost just the same.

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June 13, 2017, 05:34:45 PM
 #146

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

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more

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June 13, 2017, 05:37:59 PM
 #147

Bitcoin price rises aren't going to make people stop working anymore than any other investment would. Yes some people will end up retiring on it but mostly people will just boost their savings in the long term and continue what they do with their daily lives. Or even use their extra income to start their own business or go into another job they enjoy more even if its less lucrative.
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June 13, 2017, 06:22:38 PM
 #148

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

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more

Yes last year there is no much growth in bitcoin, since last 6 months, it was a big improvement in bitcoin users. And last month when that virus attacked to all over the world and hackers demand their money in the form of bitcoins that time media also made publicity for this bitcoin. It was a big impact on bitcoins. Now people are taking little bit serious about bitcoin.

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June 13, 2017, 06:25:34 PM
 #149

In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more

Rather than the legalization and recognition of BTC in Japan, I think the first trigger was the hype about the Bitcoin ETF listing with the SEC. Although the SEC rejected the application, it received a lot of attention, and a number of big bankers and investors took notice of BTC. This particular incident started the current spike in the exchange rates.

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June 13, 2017, 09:22:30 PM
 #150

I've not been following bitcoin scene for a while now and just looked at poloniex.Surprised to see the sudden amount of people using that exchange has multiplied and its volume is insane but when I looked at the markets my eyes nearly popped out of my head.Some of the alts are tenfold and bitcoin now a freakin  few thousand dollars.WTF has happened?

I don't have an idea either, there are people from bitcoin trying now to convert their funds to alt coins. As there are some alt coins that are now in positive move but still that's not going to take any longer from now. Not all the time a coin will just increase and will never go back. The price of bitcoin is good and balance.



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June 13, 2017, 10:21:01 PM
 #151

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?

Indeed, majority of the people all around the world now are having interest unto bitcoin. Because, Dell, apple, and other popoular compay are now bitcoin accepted. so no wonder why bitcoin is getting higher,






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June 13, 2017, 10:48:12 PM
 #152

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?

Indeed, majority of the people all around the world now are having interest unto bitcoin. Because, Dell, apple, and other popoular compay are now bitcoin accepted. so no wonder why bitcoin is getting higher,

I have to admit, I just found out about bitcoin and purchased my first coins at 2500ish. I sold and repurchased a few times since it went all the way up to 3000 (YAY!!), but I don't know if it will sink below my purchase price, it's kind of close and I would hate to lose any of the profits I have made, this has been great!!

But, if it goes really low, maybe a chance to buy even more cheaper! I only wish I had heard about all this sooner Sad
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June 14, 2017, 02:00:37 AM
 #153

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?

Indeed, majority of the people all around the world now are having interest unto bitcoin. Because, Dell, apple, and other popoular compay are now bitcoin accepted. so no wonder why bitcoin is getting higher,

I have to admit, I just found out about bitcoin and purchased my first coins at 2500ish. I sold and repurchased a few times since it went all the way up to 3000 (YAY!!), but I don't know if it will sink below my purchase price, it's kind of close and I would hate to lose any of the profits I have made, this has been great!!

But, if it goes really low, maybe a chance to buy even more cheaper! I only wish I had heard about all this sooner Sad
I think anytime is the best time to buy because whatever it takes the bitcoin will pump because the bitcoin is subdue to thee law of supply and demand so Basically the bitcoin will pump as time pass by so whatever price you buy it you will gain profit as long as you go for long term invesment.

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June 14, 2017, 06:43:49 AM
 #154

Bitcoin price increases because there are so many market demands so dashed that coin coins are all limited. When all om-line stores receive bitcoin as a means of payment transactions, then the bitcoin price can be fivefold from the previous price.
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June 14, 2017, 06:51:32 AM
 #155

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?


Also the influence of a bitcoin getting big that's why it attracts many people because it is money that can be change the status of our finances.. Btw i think that the price of bitcoin this month will become stable as i observe on the market just a prediction

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June 14, 2017, 07:47:21 AM
 #156

I guess, the bitcoin price will staying high in a long time and will not go down drastically. And of course with bitcoin prices going up, it's making all bitcoin hunters will be more aggressive again hunting for. Let's hunt bitcoin while the price is still high... Smiley
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June 14, 2017, 07:59:44 AM
 #157

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

I don't think underestimation works in case of cryptocurrencies. If we compare bitcoin of 2011 and 2017, I don't think both are same. The former one was just a concept but latter one is developed coin having utility and can be freely used on internet today to buy all major services.
So as utility of bitcoin increasing, its value increasing.

In the previous 6 months interest in bitcoin has grown significantly. I think the main reason for this is the legalization of bitcoin in Japan. People realized that bitcoin is not entertainment, but a serious financial instrument. And they began to trust crypto currency more

Yes last year there is no much growth in bitcoin, since last 6 months, it was a big improvement in bitcoin users. And last month when that virus attacked to all over the world and hackers demand their money in the form of bitcoins that time media also made publicity for this bitcoin. It was a big impact on bitcoins. Now people are taking little bit serious about bitcoin.

I don't see it exclusively as 'growth of bitcoin' when price is rising and  vice versa. Bitcoin is currency but a volatile one with a not big market cap. I will see it as growth when people prefer to transact each other using it instead of fiat money or other way payments.
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June 14, 2017, 08:12:36 AM
 #158

I guess, the bitcoin price will staying high in a long time and will not go down drastically. And of course with bitcoin prices going up, it's making all bitcoin hunters will be more aggressive again hunting for. Let's hunt bitcoin while the price is still high... Smiley

The chances of fall only depend upon if some country decides to go against it or if some bigger exchanges go down. rest there will be volatility in the prices if it will rise during the course of time. Hope to see it 3000$+ in coming weeks.

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June 14, 2017, 08:39:25 AM
 #159

Maybe but not all people are like stopping to do their job or work and focus in bitcoin.  Maybe if they are good on it and have many bitcoins to continually maintain, maybe.  If ever I have a huge amount of bitcoin maybe I would do also what other people are doing.  What you earn from bitcoin were still income and money so it is almost just the same.

That's true because of the jobs bitcoin offers for many user made a wider community, making a more used coin than other, it keeps spreading non-stop so no wonder why the price go high like this days, dominating and focusing on its purpose making people believe and buy coin. Nevertheless for some who don't have much money the transaction fee is a pain in the ass and in fact gamblers starting to hate using it because of the transaction value, but for those who is using it for its real purpose which is to transfer money from on to another using internet with less hassle it is a good deal.


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Harlot
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June 14, 2017, 08:48:03 AM
 #160

Maybe but not all people are like stopping to do their job or work and focus in bitcoin.  Maybe if they are good on it and have many bitcoins to continually maintain, maybe.  If ever I have a huge amount of bitcoin maybe I would do also what other people are doing.  What you earn from bitcoin were still income and money so it is almost just the same.

That's true because of the jobs bitcoin offers for many user made a wider community, making a more used coin than other, it keeps spreading non-stop so no wonder why the price go high like this days, dominating and focusing on its purpose making people believe and buy coin. Nevertheless for some who don't have much money the transaction fee is a pain in the ass and in fact gamblers starting to hate using it because of the transaction value, but for those who is using it for its real purpose which is to transfer money from on to another using internet with less hassle it is a good deal.
Quitting or stopping your job to go full time with Bitcoin is not yet safe or what I would say is not a good plan to do. For one important reason. Bitcoin is not yet stable and we have experience it recently. A currency dropping from 2900 to 2400$ will definitely affect a person's living if they only rely on Bitcoin. Yes I know they can take advantage of the volatility but what if they are left out? What if they don't know how to trade? Then all bad things will happen to that guy who quit his job.

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