Why is there such demand for Bitcoin?

[kerwin T]

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

Simple, because it's new, and it kinda makes you rich much easier and quicker. Everyone wants to adopt it in an early basis.

I literally aggree with you. Just a simple reason that most people want in life. It will help us in our financial problems and freed us from poverty. This business really needs patience especially when you are holding it. It will be worth it when the time comes.

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[Poolome]

The rising prominence over the globe has raised an enormous request of Bitcoin. Individuals are surging down to put resources into this new sort of money whose esteems increments naturally after some time. In straightforward words, bitcoin has offered them new speculation which does not request immense subsidizes rather clients can put resources into little sums without agonizing over printed material and banks and get significant yields. Henceforth making it great speculation.

[kiddeon123]

the reason why there are so much demand of bitcoin is due to the increasing number of its user. They think that there are alot of opportunity that bitcoin can provide.That is why many people are investing to it.

[belalangsembah]

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.

Because few people know about bitcoin and once the majority know, it will surely reach its peak. Bitcoin is now gaining in popularity and popularity. Celebrities and famous personalities are not involved with it. Bitcoin continues to have great demands because it has shown remarkable growth and continues to grow. It is hoped that bitcoin will grow even more in the coming years, which is why more and more people are buying it as much as they can afford.

[huanzhong644306]

Bitcoin has become a scarce commodity because the supply is limited and there is less of it.

Demand for bitcoin has risen sharply in the past year, as people who invest in bitcoin want to make extra profits again because of growing demand for it.

[Alexis.Nick]

It is simply because of the increasing users of bitcoin. Many people had seen the rapid growth of value of bitcoin in the past years. And now they want to be a part of the growing world of bitcoin. And as many people want to have this, the demand also goes high. There are only few created bitcoin, and that few are now distributed to millions or even billions of people. It is not questionable that the value of this still increases it is because of the increasing demand of it.

[bukikbarisan]

Miners are quite confused with those who already benefit with the rig, it is still phenomenally not properly justified for the current price. I think what is the nature of bitcoin because it can be traded and interchangeable with equipment, with media reporting how well the bitcoin process is and, with their assets here and remembering the cryptocurrency ecosystem is young and unregulated.

[ajiejot]

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Agree. There are many people that on their minds that Bitcoin can make they rich. They don't know what Bitcoin is, they just invest and invest, they should also study about bitcoin, know how to use it or what is the use of bitcoin. That's why the demand of Bitcoin is really high, so many newbies.

[always1337]

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Agree. There are many people that on their minds that Bitcoin can make they rich. They don't know what Bitcoin is, they just invest and invest, they should also study about bitcoin, know how to use it or what is the use of bitcoin. That's why the demand of Bitcoin is really high, so many newbies.

But i think it's just a small number, the rest are using it for payments, trasnfer money or investing in some projects so actually there is no speculations in Bitcoin at all.

[JoshMart]

Well my take on this is, its value, its price is something that is increasing through time. People will be crazy on something that can make them earn, be rich or whatever. Especially that a lot of people already proved that it is true and being rich is possible through it so a lot of people would want to be part of it immediately.

[Semaj123]

Every one that is new to bitcoin hope to see the same returns as what you have shown since 2010. With that people want bitcoin.

Agree. There are many people that on their minds that Bitcoin can make they rich. They don't know what Bitcoin is, they just invest and invest, they should also study about bitcoin, know how to use it or what is the use of bitcoin. That's why the demand of Bitcoin is really high, so many newbies.

Then its all good for the bitcoin community, so many newbies means more people are starting to adopt the technology. I think they don't want things to be complicated because we can easily understand the concept of this crypto. Also, we can't deny the fact that when it comes to bitcoin our mindset is we will be rich if we get to involved more about this crypto. And this is why bitcojn is very in demand.

[Best Dreams]

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

Simple, because it's new, and it kinda makes you rich much easier and quicker. Everyone wants to adopt it in an early basis.

I literally aggree with you. Just a simple reason that most people want in life. It will help us in our financial problems and freed us from poverty. This business really needs patience especially when you are holding it. It will be worth it when the time comes.

Fair enough it has decreased the number of poor people in my country as well bitcoin is proving jobs opportunity to most of people who were not having any source of earning but now they are earning money and they are able to generate food income very month. Holding of bitcoin Wight high patience will give you more money than your investment, if you will concentrate on the bitcoin holding it will be converted to some high business for your future the other thing is increasing price of bitcoin is increasing the demand of bitcoin.

[KeithHopkin]

because its price is rising and still bitcoin is the mother of all coins,so there is a high demand for btc in the market

[MeganHeverin]

As the demand for investment grows, a lot of projects are being established where Bitcoin can be use. That's including exchange to fiats or other crypto, lending, and little by little being used as a way to pay bills and a lot of items.

[maxbit]

I think people really like being their own banks, and the peer to peer money transfering with low fees. And some love crypto because it's decentralized currency and all the different tech that makes the transactions fast, anonymous, secure, etc.

[onemoretime8520]

That 1$ which made people a fortune back than is the main catalizator that attracts the demand today and so many people think that a 100$ invested today would worth 50.000$ in 5 years time

[megynacuna]

I think people really like being their own banks, and the peer to peer money transfering with low fees. And some love crypto because it's decentralized currency and all the different tech that makes the transactions fast, anonymous, secure, etc.

That's correct, anonymity, 24/7 accessibility and security  is assured with bitcoin and so many people pr4efer that to banks and secondly there seems to be a great investment opportunity with bitcoin and  many are taking advantage of this and are quickly going for bitcoin.

[weblaraveluser]

Bitcoin is the hottest commodity in the cryptocurrency world. its scarcity together with high value and usability makes it the most important asset to have. its widely accepted across markets and therefore easy to transact with making it popular among investors, businesses and other users.

The reason why people is keep on investing on bitcoins is because of the value that keeps on growing as the time goes by and when bitcoins is out of mine already then the price in the market will keep on increasing become more expensive so we should hold our coin as long as we can.

[Winedmeel]

Demand for Bitcoin?

In my opinion, Because of of popularity and demand of bitcoins that's why the demand is getting higher and higher each in every days, weeks or per year. This happen coz there's a lot of investors investing a huge amount because of the fact "easy to make a big profit.

[juiceannabel]

because bitcoin is the first cryptocurrency that was created in the world.
bitcoin demands increasing because bitcoin popularity.