The Real Reason for Bitcoin's Rise

[bitllionaire]

one of which affects the bitcoin price, is the trust of bitcoin users.

The reliability of bitcoin is also a major advantage of bitcoin because the bitcoin is more stable than other crypto currencies and this stability as build up the trust of the investors in it and that is the reason the number of investors are increasing rapidly. Bitcoin is in fact a new emerging currency and it has already given a good profit to people therefore people still expect that they will get good profit from bitcoin and that is also a reason  for the bitcoin to rise more.

[amaral1977]

Supply and demand. Speculation. People believe BTC will be something in the future so they want a peace of it. As it is scarse and more and more people want it, the price goes up. For now is pure speculation because the real number of real uses cases can be put in 3 groups and only one as volume to drive price.

1- BTCtlk microeconomy
2- Blackmarkets
3 Exchanges

The only one with volume are exchanges where people are speculating...

[ArnoldChippy]

one of which affects the bitcoin price, is the trust of bitcoin users.

I can't say that I am perfectly right but I think the reason why bitcoin price rises is that through the years bitcoins has already widen its market to different countries wether the developed ones or the third world countries. As the years passed more and more people have proven that they earn from bitcoins and these testimonies encourages more and more people to invest, trade and mine bitcoins making its value higher too.

Yes there is no doubt that bit coin is a forum which is providing you a wide range of earning ways without the restrictions of age, gender and strict timing schedule although it is also very east and a profitable job for a house wives and retired persons that they can earn a regular amount without going outside from their homes.

[Jedzkie050617]

The real reason for bicoin rise due to several factors that affects its value. Just like some investors and traders, the more traders and investor will invest, the more chances of bitcoin will rise. Also, the law of supply and demand in the world market or even the resources of each country, the bitcoin will rise due to the nation's progress. People's mindset having a bitcoin is to invest and to have a good return in the future.

[stolendata]

Mainly it happens with demand of Bitcoin. Bitcoin is increasing day by day rapidly for it has great demand and it is almost stable though the price of bitcoin is not stable. If the supply is less than demand, then Bitcoin will be rising continuously.

It is very simple and basic theory of economics that when supply is more than the demand then prices dumps while whenever the supply is less than the demand then the prices pumps up. In present time we can see that bitcoin popularity is increasing from time to time. and therefore we can expect that bitcoin price wil continue incrasing for a long long time.

[richardsNY]

one of which affects the bitcoin price, is the trust of bitcoin users.

Trust of users is pretty much worthless since the majority of them don't know what Bitcoin is, and change from perspective alongside the market's fluctuations. In other words, if the price goes up, people are excited and confident. But when the price goes down, like a mid level correction, the excitement and confidence are gone like it was never there. On top of that, the community is quite easily tricked into taking whatever fud that pops up for granted without doing some actual research. So no, the "trust" of the Bitcoin users is meaningless. It may sound harsh, but that's the reality -- there is no need to act soft in this case.

[wRex]

Here some factor make Bitcoin Rise

1. Cryptocurrency adoption is up.
2. Other cryptocurrencies are up.
3. Politics causes people leave traditional currencies.

[rausvi15]

one of which affects the bitcoin price, is the trust of bitcoin users.

I can't say that I am perfectly right but I think the reason why bitcoin price rises is that through the years bitcoins has already widen its market to different countries wether the developed ones or the third world countries. As the years passed more and more people have proven that they earn from bitcoins and these testimonies encourages more and more people to invest, trade and mine bitcoins making its value higher too.

The rate of goods in the market is increased when the demand of the goods increases and the supply of goods decreases and the rate is decreases when the demand is less and supply is more. Just like that the interest of people in the world is increasing day by day due to which the rate of bitcoin is increased because the demand is increasing.

[perfect999]

one of which affects the bitcoin price, is the trust of bitcoin users.

Exactly, there are hundreds and even thousand reasons for which bitcoin have made a fantastic place in the hearts of its users. Among many, there is trust that comes at second number, according to my opinion. First is definitely, the high yielding percentage of profit and then comes the trust. Users trust bitcoin for changing their life style and making their life stable.

[Quietman]

From my point of view, so many reasons boost the price of Bitcoin, like the adoption, the increasing number of user cases, the maturity of its principle.

Exactly, bitcoin is totally embraced by everyone and create a huge impact to our living and in our economy. There is something in bitcoin that attract more investors and users, and that is of it's promising price. And now bitcoin is still coming back from its fall and it will become more stronger as it will survive from crisis.

I think it is really the demand for bitcoin that makes its price higher. All the factors being mentioned like people's trust in bitcoin, adaption in different countries and by many people and many more fall into the demand of bitcoin. The good things that happens to bitcoin will only increase the demand of it.

[LesterD]

From my point of view, so many reasons boost the price of Bitcoin, like the adoption, the increasing number of user cases, the maturity of its principle.

Exactly, bitcoin is totally embraced by everyone and create a huge impact to our living and in our economy. There is something in bitcoin that attract more investors and users, and that is of it's promising price. And now bitcoin is still coming back from its fall and it will become more stronger as it will survive from crisis.

I think it is really the demand for bitcoin that makes its price higher. All the factors being mentioned like people's trust in bitcoin, adaption in different countries and by many people and many more fall into the demand of bitcoin. The good things that happens to bitcoin will only increase the demand of it.

that is the main reason, the demand of bitcoin also rises.
many investors are investing in bitcoin because its a good investment, we all know that bitcoin starts at low value, but look at it now, its above $5000, and no one expect that to happen.

[Emitdama]

one of which affects the bitcoin price, is the trust of bitcoin users.

Trust of users is pretty much worthless since the majority of them don't know what Bitcoin is, and change from perspective alongside the market's fluctuations. In other words, if the price goes up, people are excited and confident. But when the price goes down, like a mid level correction, the excitement and confidence are gone like it was never there. On top of that, the community is quite easily tricked into taking whatever fud that pops up for granted without doing some actual research. So no, the "trust" of the Bitcoin users is meaningless. It may sound harsh, but that's the reality -- there is no need to act soft in this case.

Whenever trust is developed then definitely the demand will also increases because the people become confident on it so now the real profit and other benefits of bit coin surely increase the trust level of the investors so the demand usually gain dominancy on supply and the price get raised.

[cherryfer]

Central banks and other elites have painted themselves into a corner.  There is too much debt in this world, and all of it is based on fiat money that central banks can print.

The elites must maintain trust in this fiat money by keeping inflation low.  That means, one way or another, all the growth in wealth must go to a small number of people.

But the more inequality they create, the more distorted and unstable the system becomes.  That is, more and more 'fancy' goods and services are produced just to satisfy the whimsical demands by the lucky people.  This demand can disappear any time financial asset values go down.

So central banks must keep financial asset values high just to keep this demand going.  But this only worsens the inequality, and the cycle continues.  Eventually, something will have to trigger a financial asset crash.

The only real solution to this problem, from the elites' point of view, is to inflate away the debt without destroying the trust in state money.  And the only way to do that is to devalue state money against non-state money.  Traditionally, that non-state money has been gold and silver.  Today, the (Western) elites are using Bitcoin and other cryptos to play that role.

You will not hear this perspective from the mainstream media or establishment economists!

This question can answer in a simple way. Everything belongs to the changes in our society so do our currency.
We all know that we are in the digital world and everything is dependent to the internet. To sustain this changes, digital currency was born. In addition, because of its interesting features, bitcoin is being patronized by many people.

[MetalGear]

The rule of less supply over more demand is responsible for such a rise in Bitcoins. Initially, investors started putting their money in Bitcoins and helped it grow with a stable flow by holding their coins then and till date. The day it went into media and became a topic of discussion when prices went 2x from 600 to 1200 put everyone in a dilemma why they didn't invest when opportunity knocked their doors way before. They took the advantage afterwards and are now enjoying their profits, seeing which new investors are getting attracted towards Bitcoins.

The supply and demand of bitcoin on online market is the main reason why the price rise. In addition to that, as of now bitcoin is on high demand on online market so the price become more expensive. I think the price of bitcoin will become more and more expensive in the future.

[iyan33]

if you look at the development of bitcoin today certainly bitcoin has a chance to continue to increase and certainly will be accompanied by a price increase that is clearly higher than now

[UsernameBitcoin]

The real reason is because Bitcoin is a measure of the global debt the exists on a global scale. Since BTC is on it's way to replacing FIAT as the universal ledger, it has a long way to go in terms of price.

[ToyotaFortuner]

the main reason for the rise in bitcoin prices is the fact that the availability and demand of the market is very high, it makes the price more expensive, like if you buy rare items then you have to buy it at a very expensive price.

[Shenzou]

The real reason is because Bitcoin is a measure of the global debt the exists on a global scale. Since BTC is on it's way to replacing FIAT as the universal ledger, it has a long way to go in terms of price.

I think the real reason behiend bitcoin being so popular and behiend its rise is because bitcoin has brought a new idea to the world it was a new type of currency that was controlled by the people and that is decentreliezed which means that it could be used anywhere in the world, poeple saw potential in this currency and that is why they believed in it and invested their money in it, and with every time a there is a fork the hype brings more and more people.

[richmcrich]

Here some factor make Bitcoin Rise

1. Cryptocurrency adoption is up.
2. Other cryptocurrencies are up.
3. Politics causes people leave traditional currencies.

The market price of any coin greatly depends on the demand of that coin. If the demand will be high, then market price will also be high. Now-a-days, there are so many investors who are investing their money into bitcoin which in result is increasing the demand of bitcoin across the globe. This is the thing which is playing a major role in making the market price of bitcoin this much high.

[Bitcotalk]

The real reason is because Bitcoin is a measure of the global debt the exists on a global scale. Since BTC is on it's way to replacing FIAT as the universal ledger, it has a long way to go in terms of price.

The main reason for the bitcoin rise is that people are now sick of the cash money and this will give a lot to the bitcoin and they are rushing toward this because it is the most profitable coin of this time and the popularity of bitcoin is the main reason to the rise and user demands as well and in future price will be more high because bitcoin will totally kick out the use of cash money so adopt it for sake of good future,