mrbamboo
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April 19, 2018, 12:15:45 PM |
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There are several reasons to increase Bitcoin value. First, Bitcoin's rise in price at the end of 2017 has attracted many investors. Although Bitcoin has fallen sharply, many still expect Bitcoin to grow rapidly, even surpassing its peak. Second, many believe that Bitcoin will be a new trend in trading, so investing in Bitcion is investing in the future.
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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winterblues
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April 19, 2018, 12:23:31 PM |
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The price of Bitcoin is based on what people are willing to pay for it. Currently there's a lot of people speculating that it is going to be worth more than it is now and they're willing to pay the current price for that reason. There are also people that believe in the technology and we'll be holding onto Bitcoin no matter what the price is. These people are outnumbering those who are selling which is why the price is going up, though at the time of this post some people are dumping their coins and diving the price down.
Bitcoin has a finite cap of 21 million coins, of that 21 million 16,700,000 have been minted. So while currently there are 12 and a half Bitcoins made every 10 minutes, this with tamper down every 4 years until we reach the 21 million cap. Basically the vast majority of coins will most likely be mined by the year 2032.
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MostafaGamal
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April 19, 2018, 12:25:26 PM |
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Any good news (such as the acceptance of Bitcoin payments in large companies) and the entry of large liquidity from large investors
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Marry Finch
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April 19, 2018, 12:25:57 PM |
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Once, when creating a crypto currency, bitokoin Satoshi Nakamoto was initially laid down the trend of price growth, which is provided by the algorithm itself, and this can not be changed.
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Karakyli
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April 19, 2018, 12:30:39 PM |
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The problems with the instability of stock markets have recently been one of the reasons that many investors have chosen to invest in bitcoin, losing faith in traditional financial systems.
Investments in bitcoin proved to be the most profitable, from all the offers known in world history.
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Marry Finch
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April 22, 2018, 05:36:13 AM |
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The rapid growth in the price of crypto-currency is backed up by a far from stunned interest on the part of users. A great interest is not bitcoin itself, but its forks. Accordingly, having already an advantageous currency bitcoin, users can also get a "newborn" coin.
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Bowly88
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April 22, 2018, 05:42:21 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions  The demands of the people is the reason why the bitcoins are increasing right now and that is the good thing if you buy bitcoins before when they are on their lowest because i knew that this time will happen it is just other people do not want to believe me so they do not have profits today that bitcoins are rising and lets hope that those things will be stable and the bitcoins will rise consistently. And i wish that they surpass their last highest price in the market |
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qiwoman2
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Oikos.cash | Decentralized Finance on Tron
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April 22, 2018, 05:45:22 AM |
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Well I just realized this was an old thread, so the huge correction has already bitten us for the last few months. Now over the past two weeks we have had an incremental price rise of Bitcoin and some altcoins but I am really not sure if we are out of this bear market round just yet so I will not rejoice and jump up and down just yet. Segwit and lightning networks might be a reason now to make people more confident in buying up and using Bitcoin and also now more companies are working to improve the general cryptocurrency market infrastructure with things like Universal wallets and fintech services, merging banking and crypto together. |
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Karakyli
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April 22, 2018, 05:48:10 AM |
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Growth bitcoin stimulates interest from institutional investors. Various hedge and investment funds, banks and companies are increasingly showing confidence in this crypto currency. The ability to conduct futures trading through bitcoins opened the door to the biggest bourse in Chicago and New York for Bitcoin.
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ChConcept
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The Experience Layer of the Decentralized Internet
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April 22, 2018, 05:50:31 AM |
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For me the main driving force of Bitcoin's price increase is the strong belief and undying support of its community. You can't deny the fact that Bitcoin has faced and survived all the issues through the years and it is still continuing to grow, and increase its price regardless of what the media or any government says. As a part of the community, I have a strong belief that Bitcoin has provided and is still providing us means to earn more for our families, also a means to save and invest for the future, that alone is enough for me to stay true to it and trust it that it will continue to bring good things to me and my family.
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╔═◼ CARDSTACK ◼═╗
The Experience Layer of the Decentralized Internet (https://cardstack.com/) |
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elbimbo012
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April 22, 2018, 06:13:51 AM |
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For me common factor that drives bitcoin price even higher is the law of supply and demand. though we're been in bearish market and almost 3 minghs of correction but the popularity of bitcoin are still getting stronger more and more people are getting interest and want to buy some satoshi of bitcoin hoping it can give good returns in the future.
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thenameisjay
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April 22, 2018, 06:30:40 AM |
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Most likely due to supply and demand. Bitcoins have been the most sought after cryptocurrency in history and a lot of people have been aching to own one. Next thing would be competition. Bitcoins have been the greatest cryptocurrency so far and a lot of currency have been trying to be the next bitcoin.
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Lebovsky
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April 22, 2018, 07:41:07 AM |
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Most likely due to supply and demand. Bitcoins have been the most sought after cryptocurrency in history and a lot of people have been aching to own one. Next thing would be competition. Bitcoins have been the greatest cryptocurrency so far and a lot of currency have been trying to be the next bitcoin.
It is not so. I would add that positive news and trends in relation to bitcoin stimulate its growth. And of course the capitalization of the bitcoin market affects the price. Therefore, there are bears and hamsters that create artificial growth and fall. So-called pumps and pumps. |
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ethereumhunter
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April 22, 2018, 09:24:09 AM |
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I think people now become smart with something new and if they think that bitcoin will give some benefits to them, they will invest their money in bitcoin and it means, it will attract the price to increase. and I think it's about supply and demands from the people which is use bitcoin for many purposes and they don't just use bitcoin as their investment but they also use bitcoin in trading so it will makes the price is up and down in many times.
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compak_comunity
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April 22, 2018, 09:34:32 AM |
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If I just hope that bitcoin will continue to exist in the world of cryptocurrency until whenever because anyone can try to invest and able to provide opportunities for them to live prosperous and able to reduce unemployment at any time.
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gunungkembar
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April 22, 2018, 09:53:53 AM |
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So I've been watching the market for a while and keenly watching for about 4 months, what is driving this massive price spike in your opinion? Are you expecting the price to drop dramatically soon? Then another rise? Or are you expecting it to continue this sharp rise for the next month or two? I'm interested also in BCH too, same questions which is the effect of bitcoin increase in my opinion is due to the very limited total supply and not only that many enthusiasts and the demand for bitcoin is also the main cause of bitcoin price increase. |
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mbluxs
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April 22, 2018, 09:59:31 AM |
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If I just hope that bitcoin will continue to exist in the world of cryptocurrency until whenever because anyone can try to invest and able to provide opportunities for them to live prosperous and able to reduce unemployment at any time.
Bitcoin will always be there but nowadays too many people are abusing bitcoin with the concept of fraudulent investment. this makes the name of the bitcoin just disappeared because of the stupid thing of the person who made the concept |
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oni4an
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April 22, 2018, 11:33:50 AM |
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Any racing price in the financial market is primarily a supply and demand and the crypto market is prone to the same.
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Amrxx
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April 22, 2018, 12:12:18 PM |
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The growth was caused by the HYIP around bitcoin and so it came to $ 12.0, now it will just be a gradual increase or wait for the full recognition of bitcoin as a currency, that's when there will be a sharp jump that will bring millions to large companies!
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money1122
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April 22, 2018, 01:15:46 PM |
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soaring bitcoin I think this is still the influence of segwit that started in august until november, and in my opinion many people are hoping for bitcoin down and up again and i also hope so, and i now also glance at the coin in altcoin that when this price is very good to buy and save for some time until the price increases doubled
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