Why is there such demand for Bitcoin?

[Vektrum]

In November of last year, when bitcoin was growing in price, the demand for it was just too much. Everyone wanted to buy bitcoin and get a good profit from its price growth. Now the situation has changed dramatically. Bitcoin has become slow, with hovering transactions and large fees for their conduct. Demand for bitcoin because of this and other reasons fell and the bitcoin rate dropped to 10,000 dollars and practically stands on such a course with small fluctuations all January. It seems to me that bitcoin is deliberately lowered in price and besides it is regularly launched more negative information regarding bitcoin. And this means only one thing: bitcoin will again start to rise sharply in price again. Once the defects of bitcoin are eliminated, this is likely to happen.

[carlisle1]

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.

dont be so sure always as theres a differend when the price dumps and when it pumps,yes bitcoin has a huge price and stablished as hes the first cryptocurrency but always remembe that this is virtual money,no one holds anything unless withdrawn.so always make sure about security and assurance.

Bitcoin is in demand because of its promise to make people rich,but if you know all the obstacles in this platform coz if you dont,failure is whats waiting you

[pocketfullofpoke]

As we can see, people actually look bitcoin as investment rather than what Satoshi Nakamoto really wanted Bitcoin to be. Since people's lives have changed because of bitcoin and even have become millionaire, the demands of bitcoin rises drastically too.

[Sadnu]

There are many requirements for bitcoin for different needs. there is a need for people to have bitcoin requirements like their rules and so on, 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.

[pansu18]

Limited supply: Maximum Bitcoins that can ever be generated from the software is 21 million. After that no further supplies will be there. The underlying concept is that when u have something limited, it is more valued and priced.

[akkocoin]

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 will become more and more difficult to exploit, the total amount of bitcoin may be fixed, which leads to a bit of bitcoin supply. Now bitcoin can be a scarce product, but people are seeking bitcoin because bitcoin can give them extra income, I think this is probably the reason Bitcoin in short supply it.

[dificanovi]

many people want bitcoin today because they believe that bitcoin will increase in the future. which makes investors desperately want bitcoin because the number of bitcoin each year decreases and the price will increase.

[PatyZante]

People are interested and will invest on something that has already proved itself. When Bitcoin reached its all time high last year, It ignited the interest of many people, investors, businessmen, regular people, etc into it. Who doesn't want big profit anyways?

[canhalen69]

The more people believe in its value the higher the price if it that is where the notion of money comes from

[Karmakid]

There are lots of us who are using bitcoin and we have different types of ways in using it,
Some of us are using it for some online transaction for our business and some are using it for gambling,
And there are those who are using it as an investment and using it to make some profit from trading in crypto currencies.

[yanesna3]

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.

Yes, people understtod that they could get a very high profit just making investments and it seemed to them something very easy. many of them disappointed in this business, but the majority are still optimistic.

[sana gull]

Limited supply: Maximum Bitcoins that can ever be generated from the software is 21 million. After that no further supplies will be there. The underlying concept is that when u have something limited, it is more valued and priced.

yes and that can be the main reason that with the passage of time bitcoin is gaining more and more value. As time more people know about bitcoin, and they increase the demand but on other side the supply is decreasing which is causing the increase in the price of bitcoin is increase. In future we can expect that the price of bitcoin will continue increasing because of the increasing demand of bitcoin.

[kfor01]

A lot of people are buying it because of the hype it caused, because everyone is buying, hoping to get rich someday. 

[weblouartisan]

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 increasing due to the chain reaction, the value of bitcoins before back in 2013 is just $12 and no one expected that the value will increase to 15k dollar last december 2017. The main reason is the value in the market of bitcoins that's why more demand is coming on bitcoins from investors.

[BaraxLo]

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.

Media is a wonderful tool for making the whole scenario best. But now a days they are just affected by businessman and political factors that don’t report truth. Like about batons, all these fusses and roamers, only media is hyping this for no reason except the owners have got some gifts from the opponents of bitcoins. This is dilemma of the time and it must be working for the right thing.

[Bitcotalk]

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

People are really interested in investing into bitcoin because of its amazing market prices and trends. The way it increases in value after every dump is highly attractive for investors throughout the world. there is no need do anything that harms bitcoin market because in this way we are going to badly affect our own income. Those who are using bitcoin for wrong purposes are surely going to regret soon.

[mininghubby]

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.

I think cryptocurrency and specially bitcoin is witnessing high demand due to the fact that bitcoin price is now above what speculators predicted earlier and at the same time the capacity of bitcoin to sustain it market value is another thing that has draw attention to bitcoin in the recent time. Most speculators term as a bubble but bitcoin is very effective and capable of transforming the financial system.

[anga3636]

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.

Well it’s worth a lot right now so no shit there’s demand for it. Less supply and good demand = good price

[Derrick]

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.

BITCOIN sucks dick to do payments though with the apeshit fees unless you happen to use the segwit wallets

[usechain]

As long as anyone who understands bitcoin knows that bitcoin is worth investing, its return on investment is high and everyone wants to make money, so there is a demand for bitcoin, whereas the total number of bitcoin is fixed, and now bitcoin becomes more and more difficult to mine, most of the bitcoin has been mined and it becomes harder to mine a bitcoin, so the high bitcoin demand represents ever-higher value of bitcoin.