Why is there such demand for Bitcoin?

[queenhallmark]

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.

Well no shit that’s the entire reason it has demand, if there’s profit in anything there will be demand for it

[ayeba]

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 & perfect.. Bitcoins are being mined compared to the previous years than now, otherwise what's the point from the block halving.

[billionaireSHS]

We all know that bitcoin value was so very expensive, so in that case I think that because of that expensive value of bitcoin many people are investing with it and also many bitcoin users will use this as an advantage to create a money or profit by the investments of others. But sometimes the bitcoin users is also the investors. In conclusion High Demand for bitcoin is beacuse of its expensive value.

[Kakawate]

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 it is because of the way bitcoin had boomed and everybody wanna take a piece of the pie, since bitcoins price went up substancially, more people got curious and rushed in buying bitcoins for themselves, I think that is the main reason why bitcoin is so in demand, again, that is because bitcoins price increased so much last year. I cant blame them, it has been very shocking that bitcoin increased its value so much.

[pratik.korde]

Bitcoin's value is so expensive. because of that value of bitcoin many peoples investing in it. Bitcoins demand coming from different types of people, investors, gamblers, peoples who want to way out of banking systems. and in these area bitcoin is better compared to fiat money.

[:wq]

I think the real value in bitcoin, and any fixed supply crypto is that its hedged against inflation. $100 for our parents went a lot further than $100 does today because of how much extra money has been printed over the years between. The beauty of bitcoin is that the amount being printed is not only limited but completely capped, therefore the investment made now is inherently worth far more in the future simply on that merit alone.

As long as the technology continues to flourish and we don't see quantum computing in the next decade, we should find this to be one of the best investment opportunities of our lifetime long term.

[tannerchum]

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 is most awaited moment if that time will come many people will rich. In my own idea the reason behind of the highest percetage of demand it is because of the needs of people. Everyone wants to earn and bitcoin will provide that needs.

[yana0901]

Many have earned on it And hearing this others also want to earn so information grows and people are interested more and more.

[aleksej.rozhkov]

The same thing is branded things, precious diamonds. They are expensive as long as there are willing to buy it. Demand creates supply. The same can be said about bitcoin.

[ONCF]

Why is there such demand for Bitcoin?

Because of the increase in the price of Bitcoin and because of the ease of dealing in the Bitcoin during the sale and purchase, Bitcoin currency is now better than gold and silver and directed by investors and others to buy, which led to increased demand for it and the investment Bitcoin better than any investment has seen people and there are many people who entered the door The richness because of this is what prompted the public to invest in the initiative and the circulation of digital and digital currency in general is much better than banks and the intervention of governments, in that transactions became more secret and speed.

[tiktak89]

Bitcoin is the best investment that exists now. Therefore, all eager to grasp at least part of it. And its popularity is only growing with each passing day.

[bitvelk]

Bitcoin makes it possible to make good money by having only one computer and a certain amount of money that you can afford to invest. You do not need special education. This motivates all people to buy bitcoin.

[jhonnydeep87]

At the moment the demand for bitcoin is very high in the market only because of its popularity and has the potential of the big ones as well. People today just want to get more and more income and that's the main reason why they are interested in bitcoin. This gives a huge advantage to investors. Demand is directly proportional to their supply in a limited market and has a huge demand as well.

[seoincorporation]

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 of bitcoin is based on the chance to become rich. And that's just because lot of people already did it.

Since the last bump when it hit $20,000 it become a global thing, it got the eyes of every one on it, was the star on the markets. And what happen after the crash? more people want it because some of them are sure it will hit more than $20k this year. If you but now at 11500 and sell at 20000, there is some profit on that move.

[Aura]

The reason for the demand is the rapid increase of value, which is caused by a high demand. I personally feel that most new investors are really here only for the money, they don't seem to care about the inner-workings and the way Bitcoin solves problems. Luckily this also brings people that came for the money, but stayed for the technology. Maybe that's what causes the new stable bottom value, who knows.

[Irvinn]

Now about 16 800 000 bitcoins are mined, about 6 000 000 are considered irretrievably lost. Indeed, the number of bitcoins is limited and this causes demand for it. However, the reason for the large demand for bitcoin is not precisely this. Bitcoin is growing too fast in price and attracting even more attention of investors who are looking to buy bitcoin in order to get a good profit from its price growth. This, in turn, further stimulates bitcoin to increase the cost. That is, there is a vicious circle with demand and price, which is otherwise called a financial bubble.

[NeverSop]

Because bitcoin-backed communities are the largest of all crypto in the market. With a population of about 7 billion people, the number of bitcoins is so small, which makes the bitcoin scarce and contributes to the incremental value of bitcoins each year. I think investing in bitcoin is the safest investment in the cryptocurrency market.

[deathguardian20]

Because bitcoin has gained so much popularity over the years. It has been proven to give a large amount of profits for those who have invested in it earlier and more and more people are buyingm hoping that it will give them profit in the future.

[Bitcoinnumberone]

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 has heen establishing its name over the past years. Cryptocurrencies are viewed as the future of money and of efficient online transactions. Having a bitcoin also is a good investment and a reliable source of income whenever bitcoin has its good standing.

[daarul50]

The development of bitcoin is very rapid, only in a few years, bitcoin enthusiasts grew. Bitcoin is a digital project that has good prospects in the world economy, where people can transact instantly without any time limit with one technology service to transact blockchain technology that connects everyone in the world to transact. No wonder that bitcoin whose supply is limited will be higher each year as demand outstrips supply, that's economic law.