Why is there such demand for Bitcoin?

[sunno330]

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Well, what was the price of Bitcoin in 2010 and now how much Bitcoin is worth in 2017! Which is beyond thought, nobody can think, that is, beyond imagination.

[Phyton76]

because after every trx bitcoin is getting burned and due to loss of so much private keys, demand is ever increasing because it is father of all currencies and it is base currency of all exchanges over the world

Yes there is such a demand for bitcoin , it is because of some reasons, Bitcoin has become a scarce commodity because there is a limited supply and fewer mined each year. The original demand is built from it being a way to store funds and a way to send funds anywhere in the world without relying on a bank or government. Also the anonymity of Bitcoin attracts users that don’t want banks and governments to control their money. That is why bitcoin was in demand.

[nazimmamun]

it easiest big money they made on their lifes,lucky (or deserved) to achieve this because they trusted on Bitcoin since its beginning.

[nazimmamun]

Bitcoin attracts users that don’t want banks and governments to control their money. That is why bitcoin was in demand..

[Pleione527]

Since bitcoin started digital market people were able to learn the possibility of having crypto in our economy since then they were able to established trust to this currency. It appreciated through the years which make it more interesting for people to invest almost a decade now since bitcoin was introduce and for a long time it prove to be a good asset to hold this maybe the reason why up to this time the demand of bitcoin continue to grow

[bitart]

Bitcoin attracts users that don’t want banks and governments to control their money. That is why bitcoin was in demand..

Bitcoin can help people to somehow manage their financial situation better. It won't make difference in countries where people are hunting for food and hardly use money but in some developing countries it can really make a difference. Google also has started it's own wallet in India (not bitcoin wallet but fiat) because of the need. There's a demand for easy money management and we're at the beginning, we have only a few options now to choose from (bitcoin is one of them) but we still need to wait more. Bitcoin will be a major player in this market if governments don't ban it globally. Today it seems that they are just trying to regulate it, because they see some potential in it (hopefully).

[Cranidos]

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 continuous growth of demand for Bitcoin is not very surprising at all. During the early years of Bitcoin, only a very small number of people know what Bitcoin is and still the price is increasing. Now that the awareness about Bitcoin is rapidly spreading, it is inevitable to monitor the overflowing demand for Bitcoin. Those who invested early were so lucky indeed. And now that the price is high, still many people are trying their best to gather more Bitcoins. The demand for Bitcoin is cannot be suppressed now.

[conceivedspoon2]

Bitcoin is the first of the crytocurrency and it is well positioned for digital currency that our financial system needs. Bitcoin saw a problem and was able to solve it. I am very sure that Satoshi may not believe this crytocurrency era may ever become a global issue much more that it will now become an international issues that economies of the world are likely afraid of.

[scottmichaels]

Yeah i've been wondering why so much demand for Bitcoin vs others.. but I guess it was one of the first and many people know about bitcoin specifically if talking about cryptocurrency.

[Marucya]

The demand for bitcoins was due to the fact that people seeing its rapid rise in price, tried to get super-profits from raising its rate and invested in it. From this bitcoin again grew in value. So he was really pumped up like a soap bubble that would one day burst. Now, because of the actions of the bitcoin cash team, it is adjusted in price and, perhaps, it will not be inflated at such a rate.

[Momoamzad]

People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

[crytomusica]

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Well, what was the price of Bitcoin in 2010 and now how much Bitcoin is worth in 2017! Which is beyond thought, nobody can think, that is, beyond imagination.

Yeah. it is almost impossible to guess what will be in the feature.

[Rozita]

People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

Yes, I completely agree with you. But it's not that easy to risk for everyone as there is no guarantee that the price rise will continue.

[dns]

If you want to invest and save money the possibility is unlimited, but we know (looking back) the bitcoin is a good investment therefore many peoples use and hodl :-)

[Reid]

Investment.
I do think that is one of largest percentage when it comes to reason why you would buy bitcoin. That also spikes the demand.
Not all of us can invest in a way we want it to.
In banks there is too much informations about us that needs to be input.
What else? Documents. A lot of paper works. I dont like that.
I would rather stay with bitcoin. Simple and easy. You can even remain anonymous but for the expense of limited bitcoin that be hold or be withdrawn.

[Kelvinid]

People are interesting in bitcoin because they want to big profit in short time which is possible by investing in bitcoin. It can make a person rich if he can invest and hold them it can be like gold. $1 bitcoin now turn into $7000 & more. So why not people should interest in bitcoin?

Yes, I completely agree with you. But it's not that easy to risk for everyone as there is no guarantee that the price rise will continue.

You have your point.Although bitcoin had experienced drop-off this past few days,but still it will rise back again.So the moment you invest in bitcoin,make sure to be patient all the time because not at all times bitcoin is in high price.But i do have high hopes in bitcoin that i can be rich someday with bitcoin.

[pikebu]

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

Bitcoin has many benefits than another instrument of investment like gold, silver and other Precious metal, it is easy to be used for payment options, bitcoin has total supply just 21.000.000BTC around the world and bitcoin can protect the values of our asset from inflation and still many other benefits of bitcoin, because of it, demand of bitcoin from the investors, users and other has made bitcoin's price always be expensive time by time in the future.

[Macai]

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

That's the reason why the demand for bitcoin is increasing. I am Letty sure that people nowadays has been interested with bitcoin because of its unstoppable and very unstable price. Bitcoin is the strongest cryptocurrency nowadays and one of the most trusted investment.

[kendra1107]

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 of it's current value and of all the craze that's been going on, people are now more aware of the BTC phenomenon. And so more and more are trying to get into the scene trying to get hold of every little bit of BTC they could. Fewer are getting mined,  and so more are rushing in to get some of those coins. It's similar to a panic buying in grocery stores whenever some kind of event will or is taking place.

[Millinillion]

Why is there such a big demand for Bitcoin? That's a very good question. Firstly, it's because every granny in most of the countries can hear about it on TV. Secondly, it is because a lot of V.I.P's promote it. Eg:(Mayweather: "You can call me Floyd Crypto Mayweather from now on" . Dan Bilzerian: "I Bought a Sh**Load of Bitcoin Today").
Thirdly (and most importantly) the demand is caused by the fact that every once in a while, BTC breaks a new record, as shown in the picture below. This causes regret in people's heart, so they act emotionally and buy bitcoins the next day, hoping for a new record which will bring them a lot of profit.

Compared to other non-virtual commodities (such as gold), BTC is scarcer as the supply is limited to 21,000,000 BTC, hence a much greater potential for price growth in the future, if the demand continues.