Why is there such demand for Bitcoin?

[vinz7229]

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.

This is true, because of the volatility of Bitcoin. Lots of people are now getting into Bitcoin world. Aside from it is easy to earn money, it is also very useful in terms of payment settlements such as electric bill, water bills and other online payments. That's why Bitcoin demand is getting higher.

[chiefthor]

Awareness of the people make the bitcoin so popular. Their curiousness to try bitcoin, because there so much people are using bitcoin and get a lot of money from it so that many people try it causing the demand for bitcoin to increase.

[aljun107]

Basically its because of the price that is increasing rapidly and the bitcoin is can be also a source income for many of its users.But really many has been not seeing the services that it gives when it comes to payment.

[stayeduptolate]

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 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.

from my views the such demand for bitcoin is because of the price of bitcoin which was countinously increases and also increase in the future also which attract the people towards self. Bitcoin helps the people  for online transaction and transfer of money from country to another country without involment of third person therefore the demand for bitcoin towards the people is increasing.

[sayulita]

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 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.

from my views the such demand for bitcoin is because of the price of bitcoin which was countinously increases and also increase in the future also which attract the people towards self. Bitcoin helps the people  for online transaction and transfer of money from country to another country without involment of third person therefore the demand for bitcoin towards the people is increasing.

This is because bitcoin today is the easiest and the fastest way to earn money.If someone is investing in bitcoin,he or she can get huge profits and that too in a short period of time.The signature campaigns also pay us decent amounts.You just have to post on different topics in the given time period and you will receive the paymemts.You are paid accordingly to your rank.So higher rank,more will be the payment.It is the leading cryptocurrency in today's date.

[Dingdong7]

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 is continuously having great demands because it has showed tremendous growth and continuously growing. It is expected for bitcoin to grow even more in the coming years that is why more and more people are buying it as much as they can afford. There are still few people who knew about bitcoin and once majority got to know it, it will definitely hit its peak. Bitcoin is now gaining popularity and publiciy. Celebrity and well known personalities are no engaging with it.

[chichigirl]

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

This is just an indication of the overflowing demand of bitcoin in the market.  Bitcoin really an indemand up to now even if btc is very unstable but a lot of us still keep on believing about bitcoin.

[Pamela Jobelle]

It is expected for bitcoin to grow even more in the coming years that is why more and more people are buying it as much as they can afford. There are still few people who knew about bitcoin and once majority got to know it, it will definitely hit its peak. Bitcoin is now gaining popularity and publiciy. Celebrity and well known personalities are no engaging with it.. Just the fact that it reaches amount we didn't expect to reach before then definitely people will be interested on it especially now that it proven by many how really possible it is for us to earn and have some business too, its the future cryptocurrency that will be used by many businesses soon.

[Tanu10]

Bitcoin has become a scarce commodity because there is a limited supply and fewer mind each year. And It does not change no matter how high the price Rises.

[lautantepi]

Miners are quite saturated with those who already benefit with rigs, this is not justified appropriately for current prices. I think what is the nature of bitcoin because it can be traded and can be exchanged with equipment, along with media that report how well the bitcoin process is and why they should join like some sort of gold mining, and soon the fairly quiet ones, with their assets here and remember the ecosystem kriptocurrency is young and unregulated.

[gabmen]

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

This is just an indication of the overflowing demand of bitcoin in the market.  Bitcoin really an indemand up to now even if btc is very unstable but a lot of us still keep on believing about bitcoin.

Lol and i don't think the demand has anything to do with the features of bitcoin as a transactional medium. Its likely because of bitcoin's value as an asset that attracts people to it. And who wouldn't. The amount that bitcoin jumped to last december proves hat the higher it gets the higher the demand. Though of course what goes up must come down and with a lot of people getting stuck, there's probably less demand now

[piterpie]

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.

Bitcoin participants have their own needs, and many think Bitcoin is the place to get the most out of virtual banknotes, but in practice, Bitcoin is being exploited by many. volume is less than in previous years, Bitcoin price on the market is also a number attractive to consumers or investors

[Roydgon]

The more people know about the features of a particular product, the more they want to invest money in it, or play on the stock exchange, besides, the distribution of electronic coins themselves influences the bitcoin rate. Now bitcoins are often advertised in the media, and this contributes to the growth of their course. But the sharp course of bitcoins depends most often on the interest of big players, who often hide behind good news, invented by themselves. That's the demand. Why not play with money?

[ranz_18]

I think why is there such demand in bitcoin is because of its volatality, users can play the volatality features of bitcoin to gain profit on their investment. The popularity of bitcoin is also a reason why is there such demand in bitcoin, as we noticed bitcoin is more popular now compared to the previous years.

[neo444]

Bitcoin now is a tresor and everyone now who need to earn money by cryptocurrency must invest in bitcoin because his price is  high

[Mypanara19]

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.

I agree! Scarcity with the supply of bitcoins determine its price and the more and more people discovering bitcoins had resulted in drastic change with its value. Way back early part or 2017 I got a hold of .2 btc which I got from winning in an online gambling, back then when I cash it out it was just 9,000 Philippine Peso, but as of this time 0.2 btc is quite huge already when converted to our currency, roughly it is more or less than 100k Php.

[Harley29]

Bitcoin now is a tresor and everyone now who need to earn money by cryptocurrency must invest in bitcoin because his price is  high

Well yeah price of bitcoin is increasing more and more and yeah bitcoin demand is so high because bitcoin is now scares commodity because there is very low supply and high demand each and every year. Bitcoin demand is dependent on being a way for storing bitcoin and holding for the long time. Other thing is that anonymity of bitcoin use to attract users to use and invest in bitcoin for better future.

[buhchain]

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.

Yes, we can all see bitcoin's development over the past few years, so its value leap is also normal. I believe it will be even more valuable in the coming years.

[xfaqs01]

first of all bitcoin is an asset a store of value that appreciates overtime, ang scarcity because ots supply is capped of only 21m bitcoin, thats what makes it in demand nowadays

[Flor1982]

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

Simply because lot of investors have seen the big potential of Bitcoin as a promising coin for huge gaining in which they attracted more people to learned and joined the trading and investments making the Bitcoin become more popular and strong. But today Bitcoin is now in a big issue in which the market value is crashing or slow moving that the need of more people to join is necessary to make Bitcoin become more in demand so that it would become more stable and strong once again.