Why is there such demand for Bitcoin?

[cherrymobile]

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

a lot of people are enticed and interested with bitcoin investing because of the high profits one can get through investing. And there are people that are interested with the technology behind bitcoin's creation so they invest in order to support it. And there are people that invest for tge future, they think bitcoin would be the future od currencies and so they don't want to be late in line.

[MoeKaloolon]

I think it is because of the high possibility of your coins growing to yield very high profits in a very short thing. And also it's a decentralized currency which is what got me interested.

[adekunleoyediran]

because the value keeps increasing

[Zaarin]

The indigenous demand is built from it creature a habit to heritage funds and a mannerism to send funds anywhere in the world without relying not far and wide off from a bank or meting out. It appreciated through the years which make it more tempting for people to invest on the subject of a decade now into the future bitcoin was introduce and for a long era it prove to be a pleasing asset to reserve this most likely the defense why taking place to this become pass-fashioned the request of bitcoin continue to ensue.

[piratcoin]

There a good deal interest for bitcoins for an easy reasons that bitcoins offers arrange to everyone whose into this cluster. theres a substantial live of declarations that bitcoin actually modification their lives from being poor to possess lighten their ways for living. a substantial live of bitcoin money specialists secures a significant profits for his or her speculation that creates bitcoin thus standard able to all bitcoin aficionados. Since, bitcoin shoppers profited to the present digital currency, Associate in Nursing ever increasing range of people required to full-fledged what produce other bitcoin shoppers involvement throughout lifestyle.

[stepannesterenko801]

Therefore, there is no financial confidentiality in the full sense of the word in the Bitcoin block chain. If you do not make changes, this can be cause for concern.

[Nexmesh Team]

Why is there such demand for gold? Similar to bitcoin, there is only a finite amount on earth - not all of it has been mined yet but it's getting harder to mine than it has been in previous years.
Other than gold's function in circuitry and maybe it's antibacterial function as a filling in your tooth, it's not all that functional. It's main quality is that everyone agrees that it's worth a lot, therefore it's worth a lot.
Bitcoin is similar in that it is only valuable if everyone agrees that it's worth a lot. It's not the fastest or cheapest for transactions, it's not anonymous and it doesn't have built in smart contracts, however it's the one that most people agree will hold it's value.

[nhattori27]

As bitcoin is the king of cryptocurrency, so it has been getting a lot of investors attention. Its popularity has been increasing rapidly.

[removebeforeflight]

Bitcoin demand is high due to many reasons and current situation demand is due to Bitcoin's familiarity among different people and different countries. The fact is, most of the people don't like banks and the way governments govern currency and this is the success of Bitcoin since the former section people who hate banks and love to use future technology adopting Bitcoin.

[Royal Jelly]

"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. New forks need new programming and security, which makes the system more sophisticated. This adds value – and price rises in response."

I agree with the quote of the article. I would like to add a little bit of my opinion that the hard work of the development team that makes the bitcoin system (which uses blockchain technology) provides something other than the others, offers a system that has never been owned by anything else. from that then there is a public trust in bitcoin. in addition to limited stock, the existence of this trust (that bitcoin has value) then comes the demand.

[Cryptogid]

The high demand on bitcoin is natural,Every Now then from facebook to twitter, there's some much advert,on bitcoin,its benefits, the convenience for transaction it's brings, it's decentralized nature, the safety of carrying your money about with easy and high return on investment, even gamblers wants it,.

[laracastvue]

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

People are only getting interested on cryptocurrency because they are all hoping for the price of bitcoins to increase even more in the future and earn profit because it was really hard to sustain our daily needs today and we need an alternative way of earning money so bitcoins is the answer to that.

[bitvelk]

People are driven crazy by such a simple opportunity to earn. And I perfectly understand it, I also invested for the same reason. And it's great that bitcoin lives up to our expectations.

[dear53]

Every people invest there money for a very good profit.They want to invest there money in a very trusted currency for change there life.Bitcoin is the platform of this.Its price going to high and high every day.Bitcoin is most trusted and safe currency also.This is the main reason that every people loves bitcoin more and more...

[Easteregg69]

Bitcoin is most trusted and safe currency also.This is the main reason that every people loves bitcoin more and more...

Bullshit. But it sounds great.

[Easteregg69]

Because of people are trying to bypass the tax and 3rd party in a transaction, they choose to get paid and pay via Bitcoin.

And because it is a great tool for alt coin trading. I normally get some tax money back by paying to much for a start.

[doch]

Bitcoin demand is high due to many reasons and current situation demand is due to Bitcoin's familiarity among different people and different countries. The fact is, most of the people don't like banks and the way governments govern currency and this is the success of Bitcoin since the former section people who hate banks and love to use future technology adopting Bitcoin.

No doubt that a number of reasons are there for the increasing demand of bitcoin, in fact bitcoin is giving us a very good profit which make bitcoin more valuable and its demand is increasing from time to time.

[yraskk]

Are you really making profit out of it? Because we all are losing money at this moment, most of us invested when it was over $7000 - $8000, i am not sure of how you are making profit.. did you invested at $1000 or what?

People are driven crazy by such a simple opportunity to earn. And I perfectly understand it, I also invested for the same reason. And it's great that bitcoin lives up to our expectations.

[crustycrab666]

Bitcoin demand is high due to many reasons and current situation demand is due to Bitcoin's familiarity among different people and different countries. The fact is, most of the people don't like banks and the way governments govern currency and this is the success of Bitcoin since the former section people who hate banks and love to use future technology adopting Bitcoin.

Too many additional funds to process transactions via bank. While with cryptocurrency we can all openly monitor. In addition, the fantastic bitcoin price increase at the end of 2017 attracts a lot of public attention. So the number of demand continues to increase.

[Lintel]

Limited supply: Maximum Bitcoins that can ever be generated from the software is 21 million. After that no further supplies will be there. The underlying concept is that when u have something limited, it is more valued and priced.

True,  limited supply  of bitcoin which makes higher demand and it aill result to higher price. the supply of bitcoin is only 21miilion so it is lower compare to other coins.  and also bitcoin demand is higher because it is more popular and been the bumber 1 cryptocurrency for a long time.