Why BTC value is growing day by day ?

[rameshEl]

I think. The day is going on and the people are concentrating on BTC. So day after day the btc value is increasing.

This is the explanation given by most of forums and websites, which made me a doubt about it. If this is the reason, I believe it will be saturate very immediately. For example, like 20, 30 years back, IT, computers, fastest internet are magics which a general public can't afford and after couple of years now even 4 - 5 year kids can play with them. So, same thing will happen here also. Sooner crypto currency (BTC) became popular among almost all, it'll be saturate which either price will be stable or going for another alternative.

Just my hypothesis BTW      

[Canoppo99]

Mass media, rumors, mess and greediness  There are a lot of factors but the main one in my opinion is effect of boomerang

Positive news will attracts people to use bitcoin. And I think old investors also buy more bitcoin because the price that rise, but this just my opinion. Since bitcoin price is only depend on supply in demand, many billionaire can influence bitcoin price by make huge demand or huge selling.

[littlewizard]

Day by day, more people come to join the BTC, plus some the Bitcoin future in this December, so average joe can put their funds to invest in bitcoin without going through exchanges.
I guess a lot of people see the potential before the Bitcoin future is live, and they cannot wait to jump in the train.

[Noore Najjar]

An alternate element that push Bitcoin costs higher is the community's choice with execute Segregate Witness (SegWit), an overhaul that expanded transaction capacity, said analyst / enthusiast. SegWit need settled on it  Bitcoin's block might hold additional transactions by decreasing their size extent.

[L00n3y]

As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.

We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?      

The growing popularity of bitcoin is attracting a lot of potential investors and investors alike. A grow in the community would mean an increase in the demand and is a factor that contributes to the increase of prices by the day.

[roddy5]

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?       

Yes bitcoin is created as a currency and intended to replace the fiat currency but as of now it is considered as an asset and people wants to have their own bitcoin because of it's potential to have a higher price. Yes bitcoin will have a high price in the future if it will replace the fiat currency we may be using satoshi to purchase in the future.

[parassinghal]

As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.

We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?       

Its because of the basic rule of the marketing. If higher is the demand and lesser is the supply then the value will definitely increase as the demand increase.

[andreyalucas]

The best reason here is that, bitcoin's price depends on the demand and supply thing. The higher the demand, higher price, low supply, high price.

Just think of it, bitcoin is predicted to pump to $10000 so there will be a lot of people who will be buying bitcoin and hold it in until the pump, that means the demand is increasing proportional to the price. That means that if we can see the price continuing to increase day by day, it means the demand is pretty high and a lot of money is being put down into bitcoin.

You are right.The value of bitcoin increasing day by day because of the demand will be so is high.We can't predict the value of bitcoin in future.

[dragon fire]

More people are hearing about bitcoin and the financial press is reporting on it. Both of these increase demand for bitcoin.

this is very likely to happen, because more people will recognize bitcoin, my prediction will continue to rise in value.
however, it can not easily predict it.
all we have to do now is follow the path of bitcoin values ​​according to the current value.

[Obama07]

Now a days Most of the company accept bitcoin Payment Possessor and most of the casino game accept bitcoin so bitcoin value is growing day by day.

[audaciousbeing]

A lot of reasons are responsible for the increasing price of bitcoin that sometimes one begins to worry because you cannot identify the specific reason why its really happening and this is something of concern to people with genuine interest to bitcoin other than the capitalist in my opinion.

The reasons will be largely unconnected to the continued increase in the popularity of bitcoin coupled with the series of news of development that have happened in the past that is just manifesting at this time as those are the only two reasons of course there are some observations about pump here and there though.

[Kakmakr]

Most of the people in this thread did not read your post. You are asking a very good question and people is not giving the answer to that question. The Thread heading is not pointing to your question. OP, to answer your real question, Bitcoin is still in demand, even if it is a store of value, because people trade with it and some still use it as a currency.

A lot of people use it, because it is a much cheaper method to transfer wealth from one country to the next. <replacing the expensive Remittance services like MoneyGram and WU >

There will always be some people who will be using it, not as a store of value, but rather as a currency. ^smile^

[hugeblack]

The main reason is price people only interested in Bitcoin because the price of bitcoin increase fast that make many new people invest in bitcoin.

about your other ask the number of bitcoin less than 21 Million Because some users Hold bitcoins, lost wallets and die people make the number of bitcoin less than 21 Million.

about trading many use them bitcoin and hold other, POS all this make there and many bitcoins trading daily (500k BTC)
 

[01asd]

Most of the people in this thread did not read your post. You are asking a very good question and people is not giving the answer to that question. The Thread heading is not pointing to your question. OP, to answer your real question, Bitcoin is still in demand, even if it is a store of value, because people trade with it and some still use it as a currency.

A lot of people use it, because it is a much cheaper method to transfer wealth from one country to the next. <replacing the expensive Remittance services like MoneyGram and WU > There will always be some people who will be using it, not as a store of value, but rather as a currency. ^smile^

So do you think the ever-rising Bitcoin price remains a mystery? I myself also still confused why the price of Bitcoin can increase sharply and become very expensive. Perhaps because of the blockchain that continues to be mined so that the fewer days become less. Maybe also because Bitcoin is needed by many people for various purposes so many people are looking for Bitcoin. Perhaps also, there are some people who deliberately save Bitcoin with a long time so that Bitcoin prices soared. There are some people who like because they believe that Bitcoin will be the currency of the future. But there are also rich people who store their wealth in the form of Bitcoin.

[markleal]

As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.

We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?       

Hi there rameshEl! Yes you are right with the attitude of people hoarding bitcoin make the bitcoin price in the market goes up. We can't compare it to the local fiat because the local currency is used or circulated million times in a day compare bitcoin which is mostly used for trading rather than purchasing goods or services. Another factor is the limitation of the blocks or coins that could be generated, unlike local fiat where people don't even bother to know the limit because the government could produce more given the act that their value could go down. And lastly, I think the more demand people want to obtain the coins the more little the could about to get could be the significant factor that contributes to the price. 

[Rashid555]

I think the high demand can increase the price of that thing like in the past the people were not known to it and computers then after that the demand rise and the people were willing to purchase on high price but if we look at the current market it’s prices are going down and the people preferences changed with time. The bitcoin is crypto currency a new currency system to the world now the people are loving to purchase and use this currency.

[timikulit]

the reason is more and more people are learning crypto currency and its block chain technology. just image if all of the people in the world knows the bitcoin, then btc price will increase so much

bitcoin has a capped quantity of 21 million less 4 million for missing btc. 17 million bitcoin

as of now there is 7.6 billion people in the world. just image that.

[danjonbit]

Bitcoin is pumping because many people now know on its value, even bigtimie time investors businessman are in it with bitcoin saying this will make grow everyday, surely soon and in bit by bit in future bitcoin will grow more and more than that we expected.

[Lang09]

I think why Bitcoin's price is growing now, as miners are growing in the world. And if BTC miners are growing, of course the Bitcoin supply also decreases, which is why BTC's value is steadily rising because of its strong demand.

[Glorypaasa]

As you can see, I'm learning ABC in crypto currencies and studying this for last 3 – 4 months, even after reading all these web pages, forums etc, still I’m having one basic question needed to clear out. I would really thankful if someone can help me with this.

We all know, BTC is making a huge growth for past few years and as a result, people start to invest / trade in BTC. With my little knowledge I assume that no one is going to use BTC / couple of Sathoshi to purchase things as they are really good to keep (HODL) as the value is going high and high. But if you think of any of fiat currency, the value of money is depending on the use of it. For example, if everybody is keeping their money (fiat) in their pocket without spending, the market will not have enough money for trading and value of the currency will not goes up. Why the same principle not applicable for BTC ?

I’ve seen lot of answers like, market will not have morethan 21M BTC and that amount will be saturated by 2140, hence there will not be any inflation etc. But what I do not understand is, if a currency is not using (in trading purpose – you buy something with that money), what is the logic behind the reason of value of the money goes up ?       

Because the supply of bitcoin is only limited for 21million so we need to ecpect that the high demand will caused that tge price will going to rise more and more and maybe theres a lot of reach people investing here in bitcoin everyday.