Why is the use of Bitcoin increasing?

[Nancy Lisa]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

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[junoreactor]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?    

Hi Nancy.
While you look at countries calling it "illegal " (Nepal, Morocco... ) I personally look at countries calling it legal (Japan) or regulating it (South Korea taxing transactions), or willing to regulate it (Australia), or countries with a friendly approach to Bitcoin (Singapore).
To this day, sure the price reached 10k but 10k is just a number that can't be looked at without perspective.
What matters is supply and demand.
This is only the beginning... Bitcoin is still very far from being mass adopted.
Do you, Nancy, believe the demand for Bitcoin will decrease in the future? Or increase?
Answer this question and act accordingly (buy or sell).

Exciting times!!

[LogitechMouse]

I think the reason is they see bitcoin as an asset and a way of payment. Yes, many countries banned bitcoin for some reasons but more are using it because they see the benefits of bitcoin. Many are against it but compare it to the people who are using it, you can see that more are using than against.

[lighpulsar07]

Because people see bitcoin as a form of investment that can make them a millionaire imagine that bitcoin price skyrocketed very fast within in just 1 year, bitcoin gained over 1000% over the last year's price and also another reason why users are increasing is bitcoin is an easiest way to send and receive money decentralized and because of that no entity can hold your funds you can whatever you want do in bitcoin.

[no0dlepunk]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

Not actually the use of Bitcoin, but the investors are the ones increasing. To be honest, until now there are less people using bitcoin as payments especially when the Silkroad has been shut down by the "man". On the other hand, bitcoin isn't illegal... it's just sort of unrecognized... but you can wait for a year or two and let's see what will happen.

[hugeblack]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

why law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’ ??

because Bitcoin out of control, P2P, no ID needed, Global coin, can use it in Dark/Deep net, No one can track you[*] and Hackers use it (Darky use).

But when upload your ID and some information can use bitcoin "legally" (get prepaid visa, verify PayPal, direct exchange from bank,....etc  )

[retampan]

My country government tells that Bitcoin is illegal. The reason is they too scared if my local currencies price fall over because of Bitcoin. Somehow, until right now, IDR price are not fall over because of Bitcoin, while transaction volume is too damn high at last 24 h.
The use of Bitcoin increasing because people are interested in it. Mostly people say, they used bitcoin because the price is really fluctuative. Some people tell me that I can use Bitcoin for everything anonymous I wanna buy, sell, even lend. No wonder people use bitcoin for transaction, gambling, trading, lending, investing, etc.

[tiggytomb]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

There is a lot of FOMO, fear of missing out going on, a lot of people that chose not to invest when it was a few hundred dollars now might be thinking they don't want to lose out again and so are buying in, I know this is the case with a couple of people I know.

The larger reason varies, could be that bitcoin is soon to be added as a future via CME which will expose it to a new audience, the price is another reason that people now become aware of bitcoin, a lot of the growth can also be natural.

In terms of some governments calling bitcoin illegal, although they can call it illegal it is kind of a difficult one for them to enforce so use will continue in these countries, people will always find a way.

[Dreamchaser21]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

Government can't fool people from the truth anymore. This is our future and i believe the reason why many people are now using bitcoin is because of great technology that bitcoin allows us to experience. In my view, In the future everyone will surely use bitcoin for good.

[Opquar]

Very few countries made bitcoin illegal. The use of it is increasing because more and more businesses are starting to accept it. There are also many investors who want to ride the wave with bitcoin breaking all time highs week after week.

[Peter Murr]

This is only the beginning... Bitcoin is still very far from being mass adopted.

[Oliver A]

More people are becoming aware of what Bitcoin is; it is leaving the realm of techie hobbiest and entering in to the mainstream conciousness. Not only as a viable currency, but what it means to ‘store value’ outside of normal methods, e.g., cash, banking, investments, stocks.

[saedasda]

Every country in this world is trying to use Bitcoin for payments that how bitcoin is introduce to them. This is just the beginning the price of bitcoin will go up

[fanbeila]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

Its those institutions calling bitcoin as illegal and not the people.Bitcoin has got huge support from people.People find it as a safe haven free from government regulations.They hope that their investments in bitcoin could never be devalued by the governments.They have started to enjoy financial freedom from bitcoin and they don't want to miss it.Other people too want to join the winning team and so,the demand for bitcoins is increasing continuously.

[shawn995]

Every country in this world is trying to use Bitcoin for payments that how bitcoin is introduce to them. This is just the beginning the price of bitcoin will go up

People are taking interest in bitcoin in high rate now a day because of its high rising rate in the market , the investor are coming to bitcoin and making invest in bitcoin  which increase in the use of the bitcoin. also new people are join bitcoin and making trade in it which also make increase in the use of the bitcoin.

[ahiaba.john@yahoo.com]

Bitcoin has made it easy for transfer of fund from one country to another country without stress or excess bank charges.Trading bitcoin become easy and as sources of employment, Provided you can read and have access to to internet. Government have no power to restrict on the limit on how much fund that can be transfer at a time. All these stated above and some other factors made the use of bitcoin increasing.

[jaocoincrypto18]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?    

Because bitcoin good popularity is increasing in which more and more people now learned about bitcoin's opportunity to earn as a very promising investment. Many declared it illegal but majority of the countries and its people have seen the positive impact of bitcoin that it will help to improve their economy including the lives of their people.

[thesmallgod]

Bitcoin price has increase 1000% of the price few years ago. this has cause alot of media attention as many people beging to wonder why the price has increase. this media attention has bring positive effect to the coin as many people are now trooping in to invest in bitcoin. even some that declare the coin as illegal in there country are investing secretly. huge demand of the coin has led to continuous increase in the price of the coin. very soon the coin will hit $10k plus more media attention.

[gabmen]

Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
 But then - Why is the use of Bitcoin increasing?   

I don't think it's the use of bitcoin as it is that's increasing right now but the demand. The price shooting way up is caused by people riding the trend and wanting to profit. Its good for btc though as that will open people up to the other uses of bitcoin

[Zedpastin]

The blockchain is a very unique piece of technology which is now being embraced by universities and other sectors and this is creating a hype for Bitcoin which is increasing the value.