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Author Topic: Bitcoin prices rise high  (Read 36859 times)
asriloni
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June 09, 2017, 02:25:38 AM
 #61

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?


As Yakamoto mentioned above in my country too, there aren't so many people who are curious about bitcoin. I participate in some meetings about 5-6 times per year where people speak about bitcoin and blockchain but all times is almost the same audience. Last time someone asked me about bitcoin was when hackers had exploited the ransomware wannacry.

Because the virus ransomware all be talking about bitcoin, because the hecker ask for ransom in the form of money in the form of bitcoin.
They are not realized about the potential of bitcoin itself. and I think the more people will be interested with bitcoin if the bitcoin can show the advantages of bitcoin to the world. It was happened with me too.



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investinator
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June 09, 2017, 02:30:56 AM
 #62

Bitcoin isn't stopping people from working, its just another investment people do like many other things. You may know some people that have retired on their earnings but this is the minority of people.

You could even argue that people are so interested now due to the rise in price that they are working harder in order to be able to afford to buy more bitcoin. Is this the actual impact of bitcoin?
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June 09, 2017, 03:10:31 AM
 #63

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?

No it's not. It's actually because they have sought the opportunitites in crypto currency regardless if bitcoin price rises. It's nor a great idea to quit your job just to focus on bitcoin since bitcoin as source of income can be relied by one person since it can cause them not to gain profit if the market moves nagatively against them.

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June 09, 2017, 03:56:16 AM
 #64

Certainly with development of bitcoin users in various countries as well as rapid popularity, and increasing investors who invest in bitcoin so this makes bitcoin prices soaring and not wrong if some of them more focus on studying bitcoin.

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June 09, 2017, 05:46:07 AM
 #65

The simple thing we know on the market analysis is when something get more users or buyer, there will be a price move higher. As well as bitcoin, knowadays it get more attention of global mass. The limited supply makes the price becomes expensive, because demand is increasing.
And 2017, $3000 will be the stable price. Imho

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June 09, 2017, 05:48:33 AM
 #66

I think it's true that people are curious about bitcoin because bitcoin is high, but we need to understand why the price is high? Probably because many countries start using bitcoin and adopt a blockchain system, like japan and russia that are rumored to be legalize bitcoin, this is good news
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June 09, 2017, 06:11:35 AM
 #67

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.

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June 09, 2017, 06:23:27 AM
 #68

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.

Raising in bitcoin price lately is not an indicator of people living there job and start to participate in bitcoin but because of it acceptability and increase in demand for bitcoin as some of us keep on buying and holding it as a store of values. People from my side also underestimate bitcoin but now they are pushing in.

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June 09, 2017, 06:36:55 AM
 #69

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.


maybe you are right but if the price is fall again, i think many big whales don't want to let this happen and they will prevent from the deep fall. its good to see that bitcoin price is rise high so we can sell our bitcoin to make some profit, but if we want to wait another high price, then we can save it for a longer time.

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June 09, 2017, 07:13:40 AM
 #70

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.


maybe you are right but if the price is fall again, i think many big whales don't want to let this happen and they will prevent from the deep fall. its good to see that bitcoin price is rise high so we can sell our bitcoin to make some profit, but if we want to wait another high price, then we can save it for a longer time.

As i observed the price went high and of issues has aroused. Delayed transaction because it was unconfirmed and also the new issue is that increased price over the transaction fee. Damn. It's causing delays over the past few days. But i guess this is the highest price in has inquired so probably the management also is making adjustments so i hope this is just a temporary issue and it will be addressed. So lets just because it is better to have problems in short term than in a long term.

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June 09, 2017, 07:39:59 AM
 #71

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.


maybe you are right but if the price is fall again, i think many big whales don't want to let this happen and they will prevent from the deep fall. its good to see that bitcoin price is rise high so we can sell our bitcoin to make some profit, but if we want to wait another high price, then we can save it for a longer time.

As i observed the price went high and of issues has aroused. Delayed transaction because it was unconfirmed and also the new issue is that increased price over the transaction fee. Damn. It's causing delays over the past few days. But i guess this is the highest price in has inquired so probably the management also is making adjustments so i hope this is just a temporary issue and it will be addressed. So lets just because it is better to have problems in short term than in a long term.
Delays were happening since there were bulk of transactions now of bitcoin at the same time ,since lots of country were acceting btc too.

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June 09, 2017, 09:13:34 AM
 #72

The more people get attracted to bitcoin and usage gets high the prices of bitcoin is going to increase drastically. This is because the number of bitcoins is fixed. also, everyone can do their job and invest in bitcoin or other crypto-currencies. It is not advisable to quit your work and sit monitoring your investment. The best option to me is to get a bot

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June 09, 2017, 09:31:15 AM
 #73

The more people get attracted to bitcoin and usage gets high the prices of bitcoin is going to increase drastically. This is because the number of bitcoins is fixed. also, everyone can do their job and invest in bitcoin or other crypto-currencies. It is not advisable to quit your work and sit monitoring your investment. The best option to me is to get a bot

But there is a major problem with this. The block size is fixed at 1MB. As the number of users rise, we can also assume that the number of Bitcoin transactions will also rise proportionately. Even now, the delay in the transactions is a major concern. Imagine what will happen, if the number of users, and the number of transactions increase by, say 10x.

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June 09, 2017, 09:59:29 AM
 #74

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 still haven't seen people interested in Bitcoin, however I have talked about it with a few and it's been pretty interesting to see their perspectives, to say the least. It's not exactly interesting to talk with some of them but it is good to see some outsiders' views on the crypto anyway. Not sure why they started to care now, but I guess that's just how it goes for a lot of these people. Not like it really matters that much to me now.
That sounds quite ambiguous! You have not been able to convince anyone to adopt Bitcoin or you think people are generally uninterested in Bitcoin? What is fact, is that Bitcoin is breaking more borders today than it did yesterday, because many more people are now beginning to see the comparative advantage of Bitcoin relative to the ever devaluing fiat currencies. At that, unending adoption across the globe is a sure thing because people have already had it up to their neck with the government money.

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June 09, 2017, 10:23:34 AM
 #75

Yes, it was the impact of an unexpected rise in bitcoin prices and it became a topic in various media. That's why many people are curious about bitcoin. People are beginning to realize bitcoin can be a means of investment
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June 09, 2017, 05:31:37 PM
 #76

Yes this is probably an effect of Bitcoin's price going up, but I don't really know if people are resigning to their jobs to go full time with Bitcoin, it can be a rather risky alternative because even though Bitcoin is price it can still fluctuate strongly. With the recent up trend new people are trying to enter our market making the demand bigger even more. So if I were you I will still hold on to Bitcoin until 3000$ mark is breached.

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June 09, 2017, 06:09:41 PM
 #77

Maybe the increase is due to market demand, maybe it's time for bitcoin to fall again and also increase the price, therefore now many people who leave his job does not mean rising bitcoin price but increasing bitcoin users.
The current price is not a indicator to show that more users are coming into bitcoin,the recent price rise denotes that huge investments are coming into bitcoin and they are not from people leaving their jobs for spending full time in bitcoin . Cheesy
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June 09, 2017, 09:21:10 PM
 #78

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 price of Bitcoin is why Bitcoin is getting famous because the people in the News like to promote the coin whenever the price breaks the all-time high. I remember when Bitcoin was going sideways and there was no major News media posting stories about Bitcoin because it was an unsure thing. Now it’s a whole different story.

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HatakeKakashi
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June 09, 2017, 09:53:47 PM
 #79

For sure the price of bitcoin will increase because as of now most of the people hold their bitcoin because thwy wait the price to hit their target before their sell it. This is big impact to the price of bitcoin if the all people hold their own bitcoin. Dont waste time just buy bitcoin and hold it for few months for sure you money become double. Hurry upi invest your money in bitcoin now.

guoyu78
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June 09, 2017, 10:56:25 PM
 #80

Bitcoin price now is getting higher and higher .It is very good to envest and save btc waiting for rhe price hit about 5OOO$ .If this happened I will increase more until thi will ruled all over the world.
yeah its right time to invest money in bitcoin and then hold your bitcoin as long term investment if we buy bitcoin now in huge amount with the price of $2800+ and then wait for few months when bitcoin rise to $5000 then use our bitcoin so it will be very profitable for us.

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