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Author Topic: Bitcoin prices rise high  (Read 36859 times)
royalfestus
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June 08, 2017, 04:33:59 AM
 #21

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 is true that bitcoin has a big impact to the community that's why the demand is getting higher and more investors are coming in also.
and I am one of the  individuals who gave up my job and focus myself into bitcoin.
I believe it is a good option of job but it is not a cheap distribution of money. It is a risk. a risk worth taking wisely with a lot of job of getting around info and reacting to it. The idea of right reaction will come out of experience. Patience is so vital, if u need to feed a family and pay bills, it may not give a quick income like that. Another advantage is you can earn as much anyone around the world sitting within internet range


     
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June 08, 2017, 04:45:32 AM
 #22

But the price hasn't gone up today.
It has just gone down by something in the range of $200 in the past 24 hours the last I checked.
That is kind of disturbing to most that are holding large amounts of coins right now. Undecided

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June 08, 2017, 05:08:46 AM
 #23

Most of the people you see stop working and then focusing on Bitcoin because they either want to easily scam people or just want easy money and both are equally terrifying, it shows that Bitcoin is slowly spoiling people into laziness.
This price increasing to the roofs is not natural and caused simply by whales not selling, when the majority of coin holders are putting sell orders for higher prices obviously price goes up but as soon as it does some of other holders see the opportunity and dump and price drops. who would've thought some day data less than 128GB could worth billions of dollars?

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June 08, 2017, 05:32:28 AM
 #24

In my opinion it does not affect the price increase because the price increase occurs due to market demand so that many who do exchange there.
If it happens someone who leaves his job to focus on the bitcoin is simply called the increase in the number of bitcoin users instead of the price increase.

uh? market demand is done by buyers, if soemone leave his job to go full trading with bitoin, then he is a part of the demand and help the price increase

if this is negligeable with one person, it will not with many of these people leaving their job to go full bitcoin

Most of the people you see stop working and then focusing on Bitcoin because they either want to easily scam people or just want easy money and both are equally terrifying, it shows that Bitcoin is slowly spoiling people into laziness.
This price increasing to the roofs is not natural and caused simply by whales not selling, when the majority of coin holders are putting sell orders for higher prices obviously price goes up but as soon as it does some of other holders see the opportunity and dump and price drops. who would've thought some day data less than 128GB could worth billions of dollars?

i think you can decently earn a lot with bitcoin and leave your job now, either with trading if you are good or mining, both have very high return, and i don't find them more siky than a real life job at all

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June 08, 2017, 07:37:28 AM
 #25

Many people are now getting interested in bitcoin maybe it could be the impact of rising bitcoin prices. Prices are always up a few months this makes people start using bitcoin to gain profit. I see in some facebook groups many people are talking about bitcoin and I once when opening a wallet in a restaurant there are people who ask "is it bitcoin?" and he asked me a lot about bitcoin and how i can get. But I've never met anyone who stop working to focus on bitcoin, if it is true there are people like that they have taken a very brave decision.
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June 08, 2017, 07:44:28 AM
 #26


It could happen, because bitcoin starts in knowing everyone, to invest into bitcoin, with a promising income
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June 08, 2017, 08:24:43 AM
 #27

Bitcoin is already gaining popularity now and yes if media would continue to air its existence then for sure awareness of people to bitcoin will increase which means there would really be a possible demand which can make price to increase even more.There are people who are already making it as a source of income.

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June 08, 2017, 08:47:51 AM
 #28

Since the price of Bitcoin is now very high, it is not a user friendly anymore what i mean is not everyone who will know and wants to use Bitcoin can easily buy Bitcoin especially those poor country. 0.1 Bitcoin is very precious to them. I fear that someday price will go down because it will be only limited to the rich people.

   
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June 08, 2017, 10:07:27 AM
 #29

It's a good news for Bitcoin holder, but also could be a alarming issue for them, recently Bitcoin has been grown so much, people are going to set another target to do more investment or saving here, but it should be more stable, otherwise there is a chance to collapse this platform anytime...

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June 08, 2017, 10:36:36 AM
 #30

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?


Yeah definitely. The rise in bitcoin prices has brought a lot of publicity, and most of it is positive in my opinion.

The point though is that the price isn't everything. Just because bitcoin is sky high doesn't mean that it has a reason to be this high. In fact a lot of it is indeed speculation, and pure speculation. The transaction fees are incredibly high, for example, forcing bitcoin users into using paid accelerators. A cryptocurrency shouldn't have "acceleration" services, especially paid ones.

But on top of all these problems bitcoin has seemingly just took off. A bubble? Probably. Sell? Maybe. I'd rather see bitcoin more stable than rise so quick.


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June 08, 2017, 10:38:39 AM
 #31

The demand of Bitcoin has definitely risen as more and more people learn about it and understand how it works. Because of this, the price of Bitcoin is rising as more and more people are buying it. Hence, people are selling it for higher prices as they want to make more profit, and people are still buying.
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June 08, 2017, 10:39:19 AM
 #32

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?


Yeah definitely. The rise in bitcoin prices has brought a lot of publicity, and most of it is positive in my opinion.

The point though is that the price isn't everything. Just because bitcoin is sky high doesn't mean that it has a reason to be this high. In fact a lot of it is indeed speculation, and pure speculation. The transaction fees are incredibly high, for example, forcing bitcoin users into using paid accelerators. A cryptocurrency shouldn't have "acceleration" services, especially paid ones.

But on top of all these problems bitcoin has seemingly just took off. A bubble? Probably. Sell? Maybe. I'd rather see bitcoin more stable than rise so quick.

Well if it rises too fast then the crash will also be harsh, as you say its better to have stable rise than a quick one.

The transaction fees are definitely a turn off but the majority of new people that see bitcoin from the press coverage don't know about this and end up realizing it when its too late. You see new people on bitcointalk all the time that don't understand why their transactions are taking so long and don't understand how fees work. Its definitely not a good thing to be user unfriendly.

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June 08, 2017, 10:41:11 AM
 #33

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?


Yeah definitely. The rise in bitcoin prices has brought a lot of publicity, and most of it is positive in my opinion.

The point though is that the price isn't everything. Just because bitcoin is sky high doesn't mean that it has a reason to be this high. In fact a lot of it is indeed speculation, and pure speculation. The transaction fees are incredibly high, for example, forcing bitcoin users into using paid accelerators. A cryptocurrency shouldn't have "acceleration" services, especially paid ones.

But on top of all these problems bitcoin has seemingly just took off. A bubble? Probably. Sell? Maybe. I'd rather see bitcoin more stable than rise so quick.
Yea I think you're correct. At this point it's getting a little scary. The total market cap is hovering around the 100 billion mark so I expect a pull back at some point. However I'm not selling. Why? Because this is just a fraction of what bitcoin will be in the coming years.
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June 08, 2017, 11:05:29 AM
 #34

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?
The bitcoin prices rose firstly because more people adopted bitcoin and in turn, the rising prices attracted more people, and so the cycle continues  Cheesy That's what basically happens when bitcoin prices rise.

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June 08, 2017, 12:52:03 PM
 #35

I think that is normal to be curious about what increase your level of income. People are now becoming more aware of bitcoin as a result of publicity on social media and the acceptability which has a positive influence on the price of bitcoin to have increase to the level it is today. The value will continue to increase as the acceptability increases in the near future.
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June 08, 2017, 01:07:55 PM
 #36

Not because people are buyig bitcoin it because of the bitcoin demand the volume becoming high and other country are accepting bitcoin and it will implemented to use as their secondary currency butcoin is beming more powerful than before the new generation so called BITCOIN GENERATION that will implented our new technology soon.

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KnightElite
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"Proof-of-Asset Protocol"


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June 08, 2017, 01:14:00 PM
 #37

There are many reason why the value of the bitcoin is always rapidly continuing to goes up, it is because bitcoin is now more popular and all of the people in the world of cryptocurrency is want to invest in this coin.

Kemarit
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June 08, 2017, 02:57:57 PM
 #38

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?


Yeah definitely. The rise in bitcoin prices has brought a lot of publicity, and most of it is positive in my opinion.

The point though is that the price isn't everything. Just because bitcoin is sky high doesn't mean that it has a reason to be this high. In fact a lot of it is indeed speculation, and pure speculation. The transaction fees are incredibly high, for example, forcing bitcoin users into using paid accelerators. A cryptocurrency shouldn't have "acceleration" services, especially paid ones.

But on top of all these problems bitcoin has seemingly just took off. A bubble? Probably. Sell? Maybe. I'd rather see bitcoin more stable than rise so quick.

Well for me bitcoin price has been brought up by several factors. One of them is Japan and other Asian countries like China and Korea. But I do believed that the price increase is purely speculation as what you mentioned. This "educated guess" has double sword effect on the price, it either goes up or down. But currently, since people are going crazy and buying bitcoin the price is going up. Can it be sustained? Its hard to answer since we are going back to purely speculation paradigm. So going stable? I doubt as well. Bitcoin price will be not stable, again because of it is based on speculation.

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Any store can buy, sell, and accept Crypto


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June 08, 2017, 04:33:54 PM
 #39

Maybe . The more bitcoin users with the limited number of coins will make the price more expensive.
If all online shops in all countries accept bitcoin as a means of payment, maybe the price will be double the current price even more
And many more factors affecting bitcoin prices in addition to numbers and users  Cheesy
Bitcoin development on its price is made happen by the support of the community. As you said the more people uses bitcoin that is the time that the stock may happen to be limited making its price to increased or to get high. Bitcoin development always follow the principle of law of price and demand where its price is dependent to the support given by its community.

________Any Store Can Buy, Sell and Accept Cryptocurrency________
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June 08, 2017, 04:36:41 PM
 #40

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 believe it's a yes.

Who will not be attracted to something that raises in value over time, right? And to think that bitcoin's price do not just increase within days or months, but it also doubles it's price withing just months. How good is that for the eye of people right? With this type of mindset for bitcoin, people are engaging in bitcoin just to earn.

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