Why is there such demand for Bitcoin?

[Brown_Fish]

Basicically the first we think that why such demand for the bitcoin is the graph of bitcoin price that all single minutes are getting innovative, hence too many people think that there is a unfriendly in the botcoin currency.

[Ayush rana]

Bitcoin is a new trend in this modern world. People taking interest in it because of its good value and non traceable transactions.
Some of the reasons can be:- bitcoin's value increases regularly which is good for trading.
New currency in the market.
1st digital currency of the world.
Might be the most valuable asset of future.

[Similificator]

One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.

Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login

Well, what i am sure of is that back then, the most common reasons of people why they jumoed into bitcoin is the extent of anonymity that it could bring to its users. Which was thought back then by most of the people to be a full anonymity. This alone benefits everyome tired of the current outdated system of the world, the ones that have illegal businesses tofether with its supporters and lastly are the ones that saw it as something cool and wanted to be early adopters of the new trend. And in later years more people went in with the same reason, but then some had seen potential for profit, then slowly bitcoin has become the greatest amd biggest gamble of the greedy. Which is why we reached this price today that should have been a phenomenon for the next few years.

Now, if this continues, amd the lightning network fails to deliver, then i am quite sure that this might cause Bitcoin to crash due to whales taking profits and transferring to more capable currencies. This will be a domino effect that will rob every small investor of all their profits and capitals.

These arey thoughts.

But i wish this does not happen.

[Eternu]

Isn't it obvious... its because you can earn money by doing nothing. Simply buy bitcoin and hold them as long as you want and you will earn money after selling them. Its easy, you do not have to do anything, and you get money. That is what people strive for, to earn money by doing as less work as you can, and bitcoin is best for that.

[ale_berra]

News about people who became dollar millionaires thanks to bitcoin, encourage many people to actively buy cryptocurrency in the hope of also getting rich to some extent. The greater the demand, the higher the bitcoin rate.

[Washball]

To many people this is a totally new development, a new technology and something you can even make money with. Although bitcoin already exists some years, the spectacular price increase attracts the masses, who did not know it existed. The increasing price of bitcoin creates the growing demand, everyone wants to ride this train. Not the fact that this cryptocurrency was meant for decentralized transactions, but the possibility to make big gains. That's what makes bitcoin so popular.

[oaz7t]

Bitcoins are the most famous and in demand cryptocurrency today
Bitcoins gives you many benefits over other currency and transactions
Also user anonymity. The price of bitcoin has been rising a lot over the past few years and has become a solid investment for the ysers too

[sukamasoto]

Bitcoins are the most famous and in demand cryptocurrency today
Bitcoins gives you many benefits over other currency and transactions
Also user anonymity. The price of bitcoin has been rising a lot over the past few years and has become a solid investment for the ysers too

My local exchanger has higher value rather than world's exchanger because my people interest and want to earn quick profit through bitcoin.
Although my government still not legalize bitcoin , we can still trade bitcoin without being fear getting jail

[barontamago]

Because many people want to invest in bitcoin just like the others and they know that it is not too late to invest. They prefer to invest earlier and it causes the demand to increase.

[Fasdartin]

The price is the biggest factor that drives bitcoin demand, now everyone wants to invest in bitcoin and just hodl so they cand take profits later.
Also, the supply is very limited and there is the FOMO factor that you could lose the train.

I think because of rising value of bitcoin so that many people is shown interest to it, also bitcoin is become popular so many people will known it. And they know that bitcoin is it can be make it a source of income that help to their financial.

[Drnice]

Bitcoin is like a precious stone that anyone can buy without having problem of thieves or from the government. Bitcoin is becoming more and more expensive due to the high rate of demade to supply. Okay, look at a point of 1500 new investors in a day, and 1800 coins are mined in a day + the holders of bitcoin who are looking on a high profit margin.

[Webetcoins]

I'm pretty sure less bitcoins are being mined compared to the previous years, otherwise what's the point from the block halving. The demand is clearly coming from different types of people, investors, people who want a way out of the banking system, Darknet users, gamblers etc. and in these area, compared to fiat, bitcoin is much better.

I completely agree.
High demand, less supply. Reasonable, since everyday it's harder and harder to mine bitcoins. Banning of bitcoins in China may have contribute somehow or if every the number of miners there were already covered by new miners still it's difficult to set a proportional amount of bitcoin to the massive adaption of bitcoins.
Before I think one bitcoin is to a hundred users or less that is why prices before are low.
Today, I think one bitcoin is not only to a thousand users.

Various sectors have started using Bitcoin, the increasing number of users has also made Bitcoin different than it was a few years ago. Currently Bitcoin is increasingly taken into account and can be an important part of economic development in the world. I see that this is a very different thing, Bitcoin has changed people's view that digital currency can be used in everyday life. This is what makes the increasing demand for Bitcoin in the world.

Actually there is not only one quality in bitcoin its full of good qualities which make people crazy about bitcoin to join first of all its price is very high and secondly you can learn a lot of thing here about trade and other things which can help you in your practical life bitcoin also provide a very good source of income to its users and it changed a life of thousands of people around the world its transitions are also very fast than any other currency.

[PLAYSE2]

There is no way to have more bitcoins on the market beyond 21 million units?

[fishball]

One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.

Read More: https://cryptodaily.co.uk/2017/11/where-is-there-such-demand-for-bitcoin/#login

Advertising really pays off especially if "big" people start to take interest in cryptocurrency. Bitcoin got the spotlight since most people have interchange the term with cryptocurrency. The media both praise and bad-mouth bitcoin and both ways still make it more popular. This demand had led some people to ignite the hype we can observe today.

[Pablo778]

when it comes to bitcoin, people have a  good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

[Chekitan]

Bitcoin being new in market nobody knows everything thing about it thus they get attracted to it trying to look in what all the fuzz and hype is about. This thus increases the demand for bitcoin.

[kh bhuiyan]

Because, it's price is rising day by day. If one want to buy some bitcoin now, he can sell it at a bigger price next time.

[bitbunnny]

It's like closed circle. The higher the price the biger the demand and vice versa. Everyone wants the opportunity to make profit and they think Bitcoin is ideal for that.
Today there are only few true Bitcoin enthushiasts, majority just want to make money no matter what it takes. If the price falls significantly that will also happen to demand.

[Scor1937]

That was really a good article. Bitcoins actually depend on demand and supply, as the demand increases when the supply is limited, the price hikes up. Recently many new investors have been investing into bitcoins which is constantly increasing the demand on low supply which is gradually affecting the price of bitcoins. I guess, all of the techno friendly peoples find bitcoins profitable so are busy investing in them.

[Zuilhsa]

Everyone wants to become rich, making money through bitcoin is the only thing which makes it more demand. Now bitcoin is more popular because of its huge price rise, so many people started to invest on bitcoin.