Why is there such demand for Bitcoin?

[dvillier]

when it comes to bitcoin, people have a  good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

The hihg demand of the bitcoin is due to the thigh rate of the interest of the new investor in bitcoin. As the new people come to know about the bitcoin high value and its high rising rate in the value of it, they become fan of it and want to make some invest and generate some income for their self. While the stoke of the bitcoin is limited.  So the demand of the bitcoin is high due to the new investor of the bitcoin.

[Yarsk]

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 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.

[chocomartin]

Well more and more people are investing in bitcoin since word is getting out that its value is blowing up and they have this notion that investing in btc is a get-rich-quick scheme.

[SummonKing2]

This is because developments such as hard forks complexify the crypto-currency universe. They roughen and texturise so it is less planar and vulnerable to simple fracture, less susceptible to damage and more likely to benefit from shocks, as action will be taken to adapt. That’s the value of the system: the hard work of developers, the code written that turns it into a living, growing, adaptable and self-healing thing.

[ObroQ]

Having bitcoins is like having a safe deposit at your disposal, using them anytime you need. It's just another way to invest your money.

[JohnHero]

This is because developments such as hard forks complexify the crypto-currency universe. They roughen and texturise so it is less planar and vulnerable to simple fracture, less susceptible to damage and more likely to benefit from shocks, as action will be taken to adapt. That’s the value of the system: the hard work of developers, the code written that turns it into a living, growing, adaptable and self-healing thing.

You cannot base the price increase of the Bitcoin on the hardforks. Every time Bitcoin reaches a new height, there is a lot of media coverage, on a lot of countries all over the world which attract new potential investors.

[ArnoldChippy]

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

Well, what i am sure of is that back then, the most common reasons of people why they jumoed into bitcoin is the extent of anonymity that it could bring to its users. Which was thought back then by most of the people to be a full anonymity. This alone benefits everyome tired of the current outdated system of the world, the ones that have illegal businesses tofether with its supporters and lastly are the ones that saw it as something cool and wanted to be early adopters of the new trend. And in later years more people went in with the same reason, but then some had seen potential for profit, then slowly bitcoin has become the greatest amd biggest gamble of the greedy. Which is why we reached this price today that should have been a phenomenon for the next few years.

Now, if this continues, amd the lightning network fails to deliver, then i am quite sure that this might cause Bitcoin to crash due to whales taking profits and transferring to more capable currencies. This will be a domino effect that will rob every small investor of all their profits and capitals.

These arey thoughts.

But i wish this does not happen.

But to me i think the profit that bitcoin has already given to people is also an important reason for convincing people to jump into bitcoin. Bitcoin is the new emerging currency and  people specially the young generation are taking more interest in bitcoin which is also responsible for the increasing number of bitcoin users, hope that the increasing in the number of bitcoin users will continue because still a very little number of people know about bitcoin.

[martina14]

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 continuously rising day by day as people around the world jump to bitcoin community though the supplies stay on the numbers and that give bitcoin a big leap on the market because of the people wanting to have bitcoin

[teejayrichard2]

There is such demand for bitcoin because people have seen its potential and has come to accept its the new money the world needs. People know its value will keep increasing and bitcoin has made transactions more faster and easy at the comfort of our home. Bitcoin has been able to overcome all obstacles it has faced over the past few years and has come out stronger attracting millions of investors all over the world. People now want to invest in it daily thereby increasing the demand beyond what was initially predicted.

[coinoberg]

when it comes to bitcoin, people have a  good chance to be successful.
BTC prices are going high and gives hope that this might really be the way to become wealthy. I think buying , holding and selling will be agood way to make profit.

The hihg demand of the bitcoin is due to the thigh rate of the interest of the new investor in bitcoin. As the new people come to know about the bitcoin high value and its high rising rate in the value of it, they become fan of it and want to make some invest and generate some income for their self. While the stoke of the bitcoin is limited.  So the demand of the bitcoin is high due to the new investor of the bitcoin.

There are two part of the demand, first part is us retail traders, investors and second and more effective part is those big whales who can effect the price. Why there is demand? For retail traders the reason is price increase and for whales is the laundering money in simple words.

[CryptoCurr]

The major reason why there is so much demand for bitcoin is that it has limited supply. the bitcoin in circulation is only 16.7 million currently with the total supply of 21 million by 2021. the question is how can 21 million pieces of bitcoin can satisfy 8 billion people? that is why they are so expensive.

[jkinit2125]

Bitcoins demand in its started year where it launches, its demand is yet too low. In effect, the small demand resulted to low price of bitcoin. But life is too tricky. People who said that bitcoin is a scam, who negatively comment bitcoin has join the community and tend to invest in it when they knew its price is continuously increasing. As the increase of demand increase, so as its price. People are attracted to the price of bitcoin.

[almightylarvas]

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's a current hype over the media and the crypto world, and many people came abroad

[MoonHodler]

Its limited supply determines the value, so a bitcoin wallet becomes more valuable with time, but a bank's savings account gets devalued with time.  People want their savings valued with time.

[dx_twisted]

Bitcoin has now become a digital asset that outclass other forms of it such as; gold, stocks, lands, etc. Moreover, if you'll compare it with the latter, Bitcoin is easy to acquire, doesn't require paperworks and you have fully control that does not regulated by any entity or government. Thus, being popularize due to its frenzy price surge, people are moving over with BTC. Therefore, increasing demand. Given that the maximum supply of BTC is only 21 million, which I think around 16 million coins is circulating throughout the world wide web. There will be a continuous scarcity of supply if this loop will not end.

[Dhaaaw]

I mean why wouldn't it ? Trading which is the first job in the human history is now revolving about bitcoin and cryptocurrencies in general its more profitable than gold, oil and other stock markets. And i hope that the supply can get even with the demand in the near future so everyone gets a piece of the pie.

[jbombfb]

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 the way investments are made at that time is just crazy,

[shata]

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

Well, From time to time, Bitcoin is increasing on its demand as well as on its price. We can noticed that People are now will be familiarized if they heard Bitcoin. It is getting in demand because Bitcoin is better than Gold in terms of investing and getting profits. Investing is quite profitable but Holding and earning is the best. Many people are now rich because of Bitcoin. They already suffering richness and the life of being rich because of it. And many people are so attracted to the lives of them so that many people are now interested about Bitcoin.

[trk]

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.

Most likely true, more and more people wants to get out of banking trap without any significant innovation in payment, an area they should be focusing, for long period of time. It is not even getting any cheaper after all this technology development.
Other than that, its price surge recently grabs massive attention in this slow paced economy when many countries are struggling.

[RavenHood]

In my opinion, the reason why is there such demand for bitcoin it’s because the community of it is rising. If the population of bitcoin becomes sizeable, and some users want to trade their money through bitcoin. The demand for it will increase, so if the need for bitcoin increase the volume of its quantity will rise when the price gets higher, and higher many people are willing to try and obtain bitcoin, therefore the community of it will grow.