Why is there such demand for Bitcoin?

[EdfuJihad]

As the times goes by,  the increase and value are getting higher.  Many of the individuals are getting educated about bitcoin. More investments and holdings are happening because of the growth of the investment. You small amount of money may increase as you do investments. That's why the demand is pretty high.  The attraction concept of bitcoin is true and the same time easy and effective.

[domerosan10]

what kind of request for bitcoin?
Want rich with bitcoin?
it could be but it's all there is business, like we do bounty or look for altcoin so we get the money, or the simple way we invest bitcoin and just waiting for the results that are profitable for us.

[handsomes]

it is called business your money invest a small amount and that the demand grew up because of transactions that are happening so take advantage You know that if you pay you or you do not make the decision.

[newbie-hero]

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 like a locomotive for whole cryptocurrency market but there is need a time for the growing tendency to switch to altcoins. Some of them are growing yet but many are still at the time. They will go up.

[Shipitcinvova]

Now Bitcoin is growing and time to buy in order to earn and live well

[currencydesigner]

The continuous growth of demand for Bitcoin is not very surprising at all. During the early years of Bitcoin, only a very small number of people know what Bitcoin is and still the price is increasing.

[Hellobx]

Because as countries gradually accept the bitcoin, and the amount of the bitcoin is certain, so also should be the bitcoin prices, because demand is far greater than the number of bitcoin new mining, and mining costs, has increased, so the bitcoin price will have been increased.

[cryptonoel]

Bitcoin prices are increasing at a rate that people are more prone to Bitcoin. People keep money in the bank with some profits.Bitcoin is a digital currency. A digital currency is obviously better than paper money which will get wet and spoiled in the touch of water.

[laravuemaster]

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 the reason why there are a lot of people who are regretting not to invest on bitcoins when it was very cheap before and now they are all working hard in the market to earn bitcoins so lets just believe that bitcoins has a bright future because it really does have.

[mobiuz.com]

People have seen others accumulate great wealth from the coin and want to replicate this. Some believe in it's long-term value as a worldwide currency. Some want to trade it like stocks-on-steroids. Some find it more convenient than using fiat. The list goes on, it has a multitude of benefits for many people.

[SoundChariGrabs]

I am a newbie and so don't know the exact reason for it. please do explain anybody

[mintevacuateY]

may be their is a hike in price of electricity that is causing difficulty in mining btcs and making them costly

[Jaya912]

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.

In that area i agree thaat bitcoin is better to use rather than fiat.
But in reality life, nothing can replace fiat as the payment tool which has been exist for much longer time than bitcoin. Bitcoin also can not change fiat.

[odranoel]

There is demand in bitcoin because there are many people invest this rather than banking cause they earned a lot money here.people also think that there is great wealth from it.

[fuer44]

people are racing to buy bitcoins before bitcoin supplies run thin or even run out. because when supply is running low but demands still high, then bitcoin price will be more expensive. that's why people still have a great interest in bitcoin, because they hope to get a big profit.

[Reez]

Because as countries gradually accept the bitcoin, and the amount of the bitcoin is certain, so also should be the bitcoin prices, because demand is far greater than the number of bitcoin new mining, and mining costs, has increased, so the bitcoin price will have been increased.

Most countries with strong economies, notably,Japan Denmark, Sweden and some States in the USA are accepting Bitcoin and this drives its demands higher as many people are now willing to venture into the trade.BTC was initially thought of as a scam but the acceptance by the countries with strong economies has soften peoples stand on BTC and most are now more willing to put their money in it.

[kirito1614]

The mineworker side is essentially soaked with those that as of now benefitted with some other hurrying into with existing and more up to date fixes, still this remarkable isn't all around advocated at its present cost. I think what contributes is the idea of bitcoins for being exchange capable and interchangeable into fiats, alongside medias announcing how well bitcoin is getting along and why they should join like a kind of gold mining surge, and soon enough individuals are settled down, with their benefits here and considering the digital currency environment still youthful and unregulated. We are expecting benefits and the request would proceeds for a considerable length of time until the point when a splendid future is seen.

[nsndasod]

Bitcoin can be said to be a scarce product. When the same thing is supplied little and valuable, one can imagine that everyone wants to have such a scarce product because of its high value, so the demand for bitcoin has always been high.

[Asusnumbaone]

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.

Yes, it was half. Before I mined bitcoin 42satoshi in /24hours but now I mine 25 satoshi or less in 24 hours. I also invest in the bitcoin and I am happy to see that the bitcoin is rising its price again. Bitcoin that is used in the darkweb is much expensive compare here in the surface web.

[etron]

this is the greatness of bitcoin is increasingly increasing in price, and will make people become rich, with more and more people adopting bitcoin, we should be grateful to santoshi nakamoto, thanks to our life for the better.