Why is there such demand for Bitcoin?

[Laregrell]

Basic demand was to use bitcoin in Darknet at 2010 now when price reach 1000$ bitcoin move to invsetment coin.

all demand came from price

[oviudiu]

Bitcoin is used to buy pretty much any altcoin you want. Therefor we get a high number of transactions and a high demand for it and from here equals a high price.

[ArnoldChippy]

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

I think more and more people are finding out about bitcoin. Perhaps one of the greatest influence that affects people's awareness is social media. A lot of people are finding out how bitcoin works and feel the necessity of investing or getting involve in any bitcoin activities. This may be the reason why bitcoin's demand is increasing.

No doubt that social media play an important role in making bitcoin more popular and convincing people to invest their money in bitcoin. But we have to accept that fact that bitcoin has already giving a good profit to people and still people are too much confident about bitcoin investment and that is the reasin that still people are interested to invest their money in bitcoin and do not lose a chance of making money from bitcoin investment.

[Chiggins]

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

I think more and more people are finding out about bitcoin. Perhaps one of the greatest influence that affects people's awareness is social media. A lot of people are finding out how bitcoin works and feel the necessity of investing or getting involve in any bitcoin activities. This may be the reason why bitcoin's demand is increasing.

No doubt that social media play an important role in making bitcoin more popular and convincing people to invest their money in bitcoin. But we have to accept that fact that bitcoin has already giving a good profit to people and still people are too much confident about bitcoin investment and that is the reason that still people are interested to invest their money in bitcoin and do not lose a chance of making money from bitcoin investment.

Yes media is responsible for making bitcoin popular, i think now Ethernet is also becoming popular and the reason behind is media which is compelling people to invest money in bitcoin.

[tailwate07]

It's easy for us to make money bcos of bitcoin is a new kind of business which is give a big profit for us

Yeah bitcoin is new kind of business. It gives opportunity to support your family expenditures and enhances your average monthly income. Most of the countries are making huge investments in bitcoins because it is the future of fiat and those people who are interested in bitcoins they trade bitcoins to make profits and usually sale/purchase their products for bitcoins. This make their life better and happier.

[JL421]

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

Faster profits due to high growth in bitcoin's price is the main reason for people investing into bitcoin. Albeit the supply is less it's features and the fact that it can be traded without having to deal with with any intermediaries and decent fees makes it a good proposition.

[felixjhaye22]

because its price is rising and still bitcoin is the m other of all coins.sothere is a high demand for btc in the market

[Arvilaine]

There is high demand for bitcoin because it is easily accessible. Anyone can invest in bitcoin by just holding on to it and believe that the price will pump up which is happening. That alone is enough evidence for a lot of people to be encouraged to invest in this cryptocurrency.
As the demand for investment grows, a lot of projects are being established where Bitcoin can be use. That's including exchange to fiats or other crypto, lending, and little by little being used as a way to pay bills and a lot of items.

[Domenc]

The rising popularity across the globe has raised a huge demand of Bitcoin. People are rushing down to invest in this new type of currency whose values increases automatically over time. In simple words, bitcoin has offered them new investment which does not demand huge funds instead users can invest in small amounts without worrying about paper work and banks and get high returns. Hence making it favorable investment.

[LogitechMouse]

I think there are two words that I can say why bitcoin has a high demand at this moment. One is its popularity. Day by day, more and more people are getting involved with bitcoin and the cryptoworld. Bitcoin has become popular because many want to invest with it and they believe that if they invest in bitcoin, it can give them a large ROI in the long term. Second is trust. Bitcoin has a high demand because many are buying it and as more investors are buying it, the demand will rise and the price will increase and since bitcoin has gained its trust for a long time already many want to invest their money in bitcoin.

[randal9]

The rising popularity across the globe has raised a huge demand of Bitcoin. People are rushing down to invest in this new type of currency whose values increases automatically over time. In simple words, bitcoin has offered them new investment which does not demand huge funds instead users can invest in small amounts without worrying about paper work and banks and get high returns. Hence making it favorable investment.

it's true, bitcoin offers convenient ways of earning without unnecessary anxiety - this is not enough in the modern world, so people want to be involved in this, and also to get their profit

[Fasunathan]

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

Simple, because it's new, and it kinda makes you rich much easier and quicker. Everyone wants to adopt it in an early basis.

And it is also because people became curious about it and they really want to try if they can really earn a profit if they will try to invest in it. To those people who are already rich it is very easy for them to buy bitcoin even if the price is quite big. Unlike us who only have small money,  we will always wait for the time that its price will become affordable. So that's the reason why there is such a demand for bitcoin.

[TradeCrypto]

The bitcoin demand has increased but the hype around its mining has decreased this has caused a vulnerability in the market and since the prices are declining.

[manoj kumar k]

bitcoin was the first crypto currency introduced to the world and it is the top most leading currency if we compare to other and it has more demand then other crypto currency

[Jalum]

Bitcoin is used to buy pretty much any altcoin you want. Therefor we get a high number of transactions and a high demand for it and from here equals a high price.

Bitcoin could be transacted in stores and other places so there is a demand for it if people want to use it.

[Transformbitz]

I think ICO and altcoins are growing and people love to use blockchain to create new technology(ICO) which give a big demand to bitcoin in layman's term

[Akash1243]

Well bitcoins are great for online transactions and investing in them can be quite profitable as it's supply is limited which will caused them to be very valuable in future which bitcoins great for long term investments.Bitcoins are far better than paypal and etc.Also that bitcoins have not reached it's potential so it's price will keep on rising which would be profitable for investors and people that is why there is such a huge demand of bitcoins in the market.

[mulukey]

This is very understandable when bitcoin has many applications that big investors love when it is very good security and transaction speed. People with many assets will want to keep their property in bitcoin because it is very safe and profitable. In the past few days, all the media around the world have referred to bitcoin, which has made the flow of money from other investment channels into bitcoins that keep it stable and constantly growing.

[BuyToHold]

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

The demand is based on the amout of users using it for transactios, since the prices has been fluctanting crazly people has been getting into crypto faster than ever.

[Falgorn]

The reason for the increase in demand for bitkoyn and the growth of its cost is covered practically only in the speculative aspirations of people to earn on raising its price. Bitcoin was the first crypto currency and therefore became widely known and popular. As soon as it began to rise in price, many began to invest in it, hoping to get their share of profits. This led to an increase in demand for it and, as a result, another increase in its price. So bitkoyn and grew in value.