Why is there such demand for Bitcoin?

[kumara]

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

Because the masses are finally coming into an understanding of how valueless and arbitrary our paper system currency is and Bitcoin is the only crypto they have ever heard of.

[RAmondragon]

Bitcoin is promising. It can change the future of money transactions easier and safer with the blockchain system it has.

[Weaklies]

Bitcoin prices are increasing at a rate that people are more prone to Bitcoin. People keep money in the bank with some profits. And now BITKEN is getting more profits than the bank, so people are more risky towards Bitcoin. And besides 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.

[FRJ]

The increasing price of bitcoin is the main reason for the huge demand of Bitcoin.At least I think so.But only one reason can't make a huge demand.Actually there are a number of reasons.One of them is to get rid of the rules and regulations of the banks.The banks keep more fees for transactions than bitcoin transaction system.People can get rid of the game of third parties. Bitcoin is a digital currency. A digital currency is obviously better than paper money which will get wet and spoiled in the touch of water.

So,people are becoming more interested in bitcoin and it's demand is going higher.

[BillyTalent]

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

Demand for it is really very large, and in connection with the reduction of mining of bitcoins becomes even more valuable. But basically the price, people think that they can very easily make big money, but in fact everything goes wrong. But this is a new type of business, a field for investors.

[webdevmastery]

The demand is increasing because everyone is attracted to its value today and the best time to invest is wait for it till the value decrease again because today the bitcoins is in the moon so we should wait for it to decrease its price and invest again.

[gordonsam32]

I bet a huge portion of this 'demand' comes from a horde of newbies just thinking how rich they will become if they buy Bitcoin now.

[FireShark89]

I bet a huge portion of this 'demand' comes from a horde of newbies just thinking how rich they will become if they buy Bitcoin now.

It's highly probable since Bitcoin is all over the news and I'm sure a lot of people are willing to take the chancce. I'm saying it's not wrong.

[nhoj25]

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

it is simply because Bitcoin has gain popularity on the last few years and people wanted to invest on it. There is fix amount of BTC in the network with increasing investors hence, a demand.

[Sahabat_]

it really is going to be getting more and more bitcoin demand now and it will be more expensive also the price and it can not be avoided anymore
so it will continue to increase and increase so it's better to have bitcoin now even though only one fruit but later it will multiply from now

[FireShark89]

The demand may be growing now, but people will get tired of waiting for their transactions to get confirmed for over 24 hours.

[violette27]

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

Because its value is getting higher and higher. And maybe within more years it could value way more higher.

[ljm8888]

The demand for bitcoin is reflected in the demand for anonymous transactions. Under such demand, the rise in bitcoin is also predictable. This crazy rise can also reflect the crazy demand for anonymous transactions.

[Whespers78]

because bitcoin give us new way to think about bitcoin and investment "Sending safety without bank account".

also all use same coins make bitcoin have some demand.

[darshansetty]

Because the bitcoin is a very secure coin and it will not leak any information about the transaction so the bitcoin has more demand

[TomUyamot]

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 circulating supply of Bitcoin is fixed. It will not grow large in number even if the demand will turn two times or three times fold. That is the reason why the value of Bitcoin will definitely grow very high. While the demand is rising very quickly, the supply is nailed to a certain amount. If the supply will increase as the demand increases then the value of Bitcoin will not be this big.

[Kurokonobasuke]

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

Maybe thatbis because of the high increase on its msrket value. It attracts the interest of the investors and many people to invest into Bitcoin because profit is assured. Bitcoin is profitable as an investment and is benefitial as a currency so I think it is not surprising for Bitcoin to be in demand.

[dhka]

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.

Best explanation, I found my answer too here
Less and less coins are mined time by time, and world population keeps increasing which obviously outnumber coins produced as from statistic perspective alone
Other than that, bitcoin is the new gold now aside from its volatility, it gives a lot better return than real gold

[Sum24]

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.

Bitcoin is providing a good source of income for people around the world and that’s whys people want to join bitcoin some of the people have changed their life just because of bitcoin and some of them are struggling to change its life bitcoin is very safe and sound for investment you can invest here even rich and billionaires are also investing here so that’s why everyone are crazy about bitcoin to join bitcoin is all in one so join it for your future.

[Biggapp]

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.

Social media is one of the best source for making bitcoin common and spread bitcoin all around the world.  It is true enough that bitcoin is having great demand now a day. Bitcoin has shown great influence and power this time it is because of all investors and bitcoin users. If bitcoin is having a lot of potential then it is because bitcoin is being use on high level now. Majority of our people are known to bitcoin and they are using it to make money as fast as they can.