Why is there such demand for Bitcoin?

[jirene21]

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 there are so many stories on social media where they say bitcoin gives them free money or whatever. But the biggest due is that the price of bitcoin is high

[Bessta]

One of the reasons is that more are becoming aware of bitcoin and the earnings that many are getting from bitcoin.

[jyotianand01]

Bitcoin is wide spreading now due to social media campaigns of crypto currencies and bitcoin is the leader of this market so its popularity is growing rapidly. This coin already made many millionaires and many billionaires so everyone want to buy it.

[bling-bling]

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 its increasing value which gives an impression of high earnings if we chose to invest in it. But the word impression is no longer valid at this point since many has already experienced the rewards of Bitcoin. And so more and more are trying to join in to get a taste of that reward.

[justspare]

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.

Exactly, the only thing which is resulting in this much huge demand of bitcoin all over the world is due to the endless advantages which you can have by having bitcoin in your wallet. Bitcoin is making a very good name all over the world especially in the international market.

Moreover, the increasing market value of bitcoin is also helping bitcoin in having more money and is encouraging the people to come and invest in bitcoin.

[spiritguardcharles]

It's actually simple why many people pursue btc it is because of it's higher value which is rapidly increasing over a year and as for now the value of converted btc is almost a million.Although it has different concept about selling goods and services because when it comes to this the higher the value will mostlikely lowered the number of the demand in a certain product unlike btc the higher the price is also increase the demand.Maybe because btc is not a form of goods and services that could be found everywhere

[darewaller]

In my opinion, the reason why is there such demand for bitcoin it’s because the community of it is rising. If the population of bitcoin becomes sizeable, and some users want to trade their money through bitcoin. The demand for it will increase, so if the need for bitcoin increase the volume of its quantity will rise when the price gets higher, and higher many people are willing to try and obtain bitcoin, therefore the community of it will grow.

Bitcoin is the leading crypto all over the world although there are more than 1000 cryptocurrency in the market. People are investing in bitcoin because the profit ratio of bitcoin is far better than any other digital currency. Everyone in this world wants more and more money in less time and that’s why bitcoin is the first choice of almost all the investors of cryptocurrency.

[Tungsten-1]

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.

Simple is this, exactly bitcoins are amazing and they are promising, one can easily get money by using this coin. Some easy methods are there and you are open to choose any method as a source of income. People are using it, and this promise of bitcoin is actually being true. Hence, you can say people have made trust on it and so is the reason, demand is just getting higher every day.

[CryptoTrump]

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 reason why there is so much demand for bitcoin is there are only 16.7 million in circulations worldwide. how can 16 million bitcoin satisfy the demand of the world?

[Mokter]

Bitcoin is the most valuable currency then other all altcoins and it's only not for price .you will see when a new coin listing in on exchange they must accept bitcoin to exchange.On the other hand people are knowing that it's accepted where and where.

[shata]

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, Bitcoin is one of the most trusted cryptocurrency in crypto world, and it is the most valuable currency in cyber world. Bitcoin's demand is getting higher and higher because of the investors, they are trying to invest and invest their Bitcoin in able for them to have a lot of profits. People witness about the life of Bitcoin users and they wanted to do Bitcoining, because it is Life-changing. People around cyber world are wanted to know about Bitcoin because many of them wanted to earn money. Because of its price and they know that Bitcoin can change their lives.

[CryptoHarry]

Bitcoin is a first popular digital currency that is making headlines every day around the world. The demand for bitcoin is higher than supply because bitcoin has a limited supply which is 21 million by 2021.

[Valentina N]

It's just a business just all

[grandbrad02]

People already got the sense of the blochchain system and the advantage of bitcoin that they could apply it into many thing in real life and owning a Bitcoin to use for special purpose.

[devarajdp]

All markets have their own complexities and odd wrinkles, but bitcoin has a special array of oddities. ..... This means demand for bitcoin rose as traders sold alts

[butcherme]

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 the  reason behind this is that people rushed to learn about bitcoin and wanted to keep some for themselves since a lot of people already earned a lot because of bitcoin. Bitcoin is really a good long term investment because it's price is volatile.

[Bitcoinismylife12345]

It is because of the thought that it is popular, easy to use and to the concept that everyone can get a great profit from using bitcoin.

[bitcoinrays]

the most important reason is the huge profit of bitcoin now, but i think there are still some people who believe bitcoin will change the world by decentralization and traceability blockchain

Yeah! Everyone is spring day and night just to make big money in shortest possible time and bitcoin is providing them with an opportunity of making big money without burning midnight oil. It is really easy with bitcoin to make grand profits simply by holding it for some good time in your wallets. Never ever sell it off at cheap rates. Its amazing tendency to increase in value has made it popular around the world.

[nightways]

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

The demand of bitcoin will increase more in the coming future. As it is crypto currency which have more benefits as compared to other currencies. As it is decentralized currency state has nothing to do with bitcoin. Its transaction is without any fees. Transfer fast. People do shopping easily with bitcoin. Bitcoin demand will be rise in the coming future 2018 as more people will interest to buy bitcoin.

[Adv Tahmina]

There is such a demand for bitcoin because it becomes the most profitable source of investment today.Bitcoin is the most secure cryptocurrency.The future of bitcoin is very much bright and so many people have already changed their present and future will bitcoin.