Why is there such demand for Bitcoin?

[Dakshkapoor]

This demand of BITCOINS is very high in market just because it is very popular and it has a great market potential too. People nowadays just want to earn more and more and that's the main reason why they get attracted towards BITCOINS. It gives huge profits out of it to its investors. The demand is directly proportional to the supply, Their supply in market is limited and thus having the huge demand.

[merlyn22]

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

its very simple the reason is the more demand on bitcoins the higher price it will cost. means the more user for bitcoins the price increases. and because bitcoins is the most popular crypto  more people  people getting interest.

[Qartersa]

It is because of the value of Bitcoin as of writing. When Bitcoin started, it was very cheap and almost everyone raised an eyebrow on this development. Very few believed in it. But now that its value has gone beyond predictions, almost everyone are dying to have one. I am not saying, though, that it is late in a day for them to purchase Bitcoins; what I am saying is they could have made so much money out of the small amount they could have put into it years ago. But then again, no point of fretting over the past.

[Vin183~]

It's easy for us to make money bcos of bitcoin is a new kind of business which is give a big profit for us

[Aztek]

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 it's current value and of all the craze that's been going on, people are now more aware of the BTC phenomenon. And so more and more are trying to get into the scene trying to get hold of every little bit of BTC they could. Fewer are getting mined,  and so more are rushing in to get some of those coins. It's similar to a panic buying in grocery stores whenever some kind of event will or is taking place.

The reason of why bitcoin has so much demand is because of it's potential, that is continuing to rise up. That is why peole has been panicking to join the community, with the hope that they could get what others had. And users are still dreaming to earn more than what they are earning. It is like a scenario where peole are on the race against to buy something with a limited stock.

[gesdan]

i think because some people right now have interested in bitcoin because they see the price if bitcoin by the time is always increasing, i think that is the big factor that makes the new demand in the market is created some people want to buy bitcoin and want the price of bitcoin is increasing more and more

[rony01941]

Actually, any coin is dependent on its usage and demand. At present, there are many coins in the online market. Bitcoin is more demanding. Therefore, Bitcoin is very expensive. Currently Bitcoin is being softened with gold. Bitcoin is on the highest level. Apart from other coins Less risk of bitcoin, because its arrangements are very good.

[rb26]

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'd like to believe that the demand is due to more people are starting to recognize the capabilities of btc as a cryptocurrency. The widespread of btc mostly because of the power of social media platforms and mainstream media (though it's not yet really that huge in mainstream media). People are naturally a curious creatures and so once they hear or read something out of social media platforms such as facebook and twitter they have to know about it so that they won't be left out of what's "in" even if they have no idea about it. I think we're still not seeing the full impact of it so I'm guessing we'll be seeing more increase in demands in btc which might lead to a skyrocket of price so we better prepare for it.

[BrewMaster]

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 it's current value and of all the craze that's been going on, people are now more aware of the BTC phenomenon. And so more and more are trying to get into the scene trying to get hold of every little bit of BTC they could. Fewer are getting mined,  and so more are rushing in to get some of those coins. It's similar to a panic buying in grocery stores whenever some kind of event will or is taking place.

The reason of why bitcoin has so much demand is because of it's potential, that is continuing to rise up. That is why peole has been panicking to join the community, with the hope that they could get what others had. And users are still dreaming to earn more than what they are earning. It is like a scenario where peole are on the race against to buy something with a limited stock.

despite the fact that these days most people who own any amount of bitcoin are in it for the profit that it gives them, there are still others that do believe in the technology too and that is why they bought it in the first place.

and in my opinion that potential you are talking about, comes from the technology and what bitcoin offers. if you see how it works you can see that a decentralized money has a lot of people interested in it. and this is exactly what helps the growth.

[Prem.Soorajpaul]

I saw somewhere in news, 40 % of bitcoin have only 1000 people in the world. This might be the main reason behind the sky touching price of bitcoin as they are siting in a huge stock. There is lot of demand of bitcoin but very less supply.

[Epimetheus]

There are so many reason for the demand of bitcoin. Bitcoin help those people mainly who do not have work or job by giving the job in bitcointalk and he paid for the job . Bitcoin is also demand for investing the money in bitcointalk because the price of bitcoin is countinously increase so to gain the more profit from the bitcoin in the future . Bitcoin also help the people to make the person rich and change the status in the society.

[criz2fer]

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 price will sky rocket because of the demand in bitcoin. There will be a point in the future that will be paying 1 satoshi because of the high price of bitcoin.

I saw somewhere in news, 40 % of bitcoin have only 1000 people in the world. This might be the main reason behind the sky touching price of bitcoin as they are siting in a huge stock. There is lot of demand of bitcoin but very less supply.

Correct. Many and many people will by bitcoin. So expect the price will again double for few years or maybe months. Who knows? 😬

[laluna24]

The demand for bitcoin is increasing daily maybe because of the freedom to earn huge online. The freedom to invest anytime with your internet connection on. The features or the advantages that can help people by bitcoin so this are the reasons why demand for bitcoin increase.

[chidrawarster]

Its because of few are mined each year and the supply is gradually halved due to which the people are ready to buy at whatever price and preserve them for reaping profits. I also see many people use BTC to send and receive money , a faster way compared to any local financial institutions. I hope BTC are mined more so as to benefit many people.

[ramayor]

Demand in bitcoin is so high because it gain a lot of interest from those people who want to make a profit. They recognized its capabilities and also it is the most popular cryptocurrency. This demand is really good because it makes the price higher. I regret starting this few years ago because its price today is so high. Well, past is past.

[billy M.]

In my opinion pass success bitcoin believers story like how bitcoin became medium for having a financial freedom and good life as well as positive speculation/predictions of known people plays a big role on popularity and demand in bitcoins.

[psmachado]

Dreamers will say that demand for bitcoin is increasing becauyse people are tired of Banking System, but the reality it is that people just want to make profit. Bitcoin is the "gold" of the new era.
Bitcoin still have a lot of problems, we must have some solutions for it if we want to make it a global coin recognized for everyone.
For now it is just "gold", "hold it and you will earn some money".

[ladydark]

People were earlier fed up with government currencies which are not immune to inflation and their huge taxation.Now they are finding bitcoin to be a safe haven.Its limited supply gives some assurance for its value.People found it to survive successfully despite obstacles made by governments.More over,entry of financial firms like CME and CBOE  and media exposure made it popular all over the world.

[Nylelyn]

The demand for bitcoin is high due to the fact that a lot people now came to know and realized that bitcoin value has increased unexpectedly.  People wanted to earn big amount also just like those who invested in the earlier years. Plus the fact that bitcoin is really an advantage to them because it work also as  cash convertible and an online wallet to pay purchases.  Isn 't Bitcoin really amazing.

[Tszunami98]

The price is the biggest factor that drives bitcoin demand, now everyone wants to invest in bitcoin and just hodl so they cand take profits later.
Also, the supply is very limited and there is the FOMO factor that you could lose the train.