Why is there such demand for Bitcoin?

[Hamstead]

Basically the first we think that why such demand for the bitcoin is the graph of bitcoin price that every single minutes are getting higher, so too many people think that there is a future in the bitcoin currency.

Of course, that would be always thinking. Do believing such matter is possible and it could really make something great for us. Considering those bitcoin high demand, it probably drives it's prices to rapidly increase as a large numbers of individuals are pursuing bitcoin as their investment. There is nothing to wonder that would be possible to happen since bitcoin price is really attractive and it totally we gonna earned money from here.

[Tramle091296]

Cause it is affordable to use. so easy to transact. its tax free that why many people want it that`s why the demand of bitcoin is always increasing. its simple but its what we seeing now. many people using it and gaining money.

[fulmetal08larz]

It is entirely true that bitcoin is having less supply and high demand, this is because of the popularity growth and the people are already recognizing its true value since it hits $10k. However, due to bitcoin going mainstream, the transaction charges are getting higher and the network is getting congested. Once it has been developed to its full potential and utilized for its true purpose, bitcoin could replace fiat.

[dongosquad]

yup, the concept of bitcoin is almost the same as gold, the amount is limited and must be mined to get it, then just made a commodity. well, because of the limited number, the higher the price, and the many people who are interested. bitcoin becomes a rare item.

[heureca]

yup, the concept of bitcoin is almost the same as gold, the amount is limited and must be mined to get it, then just made a commodity. well, because of the limited number, the higher the price, and the many people who are interested. bitcoin becomes a rare item.

Yeah, I agree with you. At present BTC is like Gold - it is tool for investments but not tool for payments. Also BTC is very famous at present.

[devarajdp]

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.

It’s reasonable to wonder – as the hard fork between Bitcoin and Bitcoin Cash is solemnised by last weekend’s convulsions – why Bitcoin’s value has kept on rising. There’s been a 23-fold increase in price over last two years – is it over now? Will BCH steal its thunder and leave Bitcoin gasping? Probably not…

Of course what has risen is the price; as to the value, that has yet to be determined. Value depends not only on scarcity but also utility. Lately, the biggest utility has been the profit that can be taken by selling Bitcoin. Now that it’s down from its peak thanks to BCH, we can maybe start to put a price on value

[/GeertJohan]

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 it is a new creature world has never seen before.
It is a leading crypto currency in the world. Moreover that The bitcoin process is completely a online process So we can access it on anywhere in the world and anytime. Most important thing is most of the entrepreneurs or investors are attracted by its price. So they can get a more profitable price than fiat.

[XeoTrym]

Bitcoin is highly anonymous and deals very quickly. Besides, the amount of bitcoin is very small, resulting in scarcity.

[RealSohan]

Bitcoin such the world all people everyday.

[Haynes]

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

yes it is real happening right now ..
this is one of the greatness of bitcoin that makes everyone interested to invest in this crypto.
I think now the new starting point of bitcoin ran for more valuable and useful in the future.

[Dudeperfect]

It is and will continue following the law of demand and supply and we are ignoring one more thing and that is lost coins. No one is sure about the number of lost coins and if we can somehow figure out the total number of coins that are out of circulation, it will again boost the price of the remaining coins in circulation. Demand is purely based on the realisation of the future scope of this technology and especially Bitcoin. As of now, the majority of the inflow is willing to earn speculative gains from it but we must not forget that Bitcoin is a payment system and speculative gain is the by-product of the development process.

[Pfizer]

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 supply of bitcoin is really limited and the world now beware of its potential. That's why bitcoin has such demand in the crypto markets. This is a global demand for bitcoin.

[Webberson]

The reason is that, in times past, people seldom believe in the the currency, as they could not phantom whether the currency will come to limelight. But seeing its potentials and growth in recent times, has actually brought about a change in mindset as regards to the same currency, which as a result have made people embrace the currency and invest in it.

[tanghere1]

There's so little supply because people are holding it for the purpose of hoping the price will rise higher and thus a limited supply.

[Kotone]

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

THere is such a demand for bitcoin because there is a high curioisty nowadays because how inflated the price got even amidst all its golatility and low lows. This has been the case on which people and the market is now being congrsted by a lot of sellers

[rzluetlhch]

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.

I completely agree.
High demand, less supply. Reasonable, since everyday it's harder and harder to mine bitcoins. Banning of bitcoins in China may have contribute somehow or if every the number of miners there were already covered by new miners still it's difficult to set a proportional amount of bitcoin to the massive adaption of bitcoins.
Before I think one bitcoin is to a hundred users or less that is why prices before are low.
Today, I think one bitcoin is not only to a thousand users.

Various sectors have started using Bitcoin, the increasing number of users has also made Bitcoin different than it was a few years ago. Currently Bitcoin is increasingly taken into account and can be an important part of economic development in the world. I see that this is a very different thing, Bitcoin has changed people's view that digital currency can be used in everyday life. This is what makes the increasing demand for Bitcoin in the world.

If the bitcoin price can drop some better, I can not afford it now

[patapon49]

simply that bitcoin becomes known to the general public, everyone wants their share of the cake

[goaldigger]

I think that is because more and more people are getting interested on the high earnings of bitcoin. It is passed from people to people and they continue to learn how the bitcoin works. The more people are interested, the higher demand bitcoin will be.

[alexzorgo]

The great demand is caused by an agiotage. I consider, enormous demand for bitcoin arose against the background of promoting of cryptocurrencies by the main large holders of bitcoin, being co-owners of the cryptocurrency exchanges. Newly made investors I am guided by the very first cryptocurrency as the basis of all system of the cryptoforeign exchange market on which all market is based and which sets the main trend.

[Hallmader]

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 right. Demand is ever increasing while supply is fixed forever. This is one of the reasons why Bitcoin remains to be ever increasing in value. The supply is pegged at less than 16 million in total. And the world is really made up of people who grew tired of the existing banking system. That is why regardless of the negative news about Bitcoin, it will always increase in its price.