Why BTC value is growing day by day ?

[lionelho]

I think in general, the underline root cause is the overall cryptocurrency market is still under valued, comparing to the revolution technology.

[tatum506]

Good question. bitcoin is increasing in price because capitalization is increasingly pouring into the bitcoin market. More and more people pay attention to bitcoin. the value of bitcoin is increasing. bitcoin wages are less and less

[huynotientao]

Capitalization is increasing. the amount of bitcoin kept still. More and more people know bitcoin. This is the reason for increasing bitcoin value. I think the bitcoin will be $ 20000 next year. great

[Thanasis]

The price of bitcoin is increasing because the demand for the bitcoin keeps increasing this is happening due to many new bitcoin investments,more people  are attracted by the huge price growth of bitcoin in the recent time.So they also want to make profit by investing on bitcoin this is the only reason for price keeps increasing in bitcoin.

I hope this is just a start of bitcoin era soon the bitcoin price will hit the moon so please hold your bitcoins tightly.

[rameshEl]

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.

Just for my curiosity, can you please name few of them.

[newinbtc]

Bitcoin has climbed from below $1,000 this year to a record above $9850 , showing how quickly investor interest in the digital currency has increased. The number of digital currency storage "wallets" from Blockchain.info has nearly doubled from last year, while the lack of a selloff in other digital currencies indicates that new money is flowing into bitcoin. Many analysts attribute bitcoin's gains this year to a surge of interest from institutional investors, who are betting on the digital currency's future as a store of value or means of payment.

[fiulpro]

Well the simple answer will be the demand and supply rule!

If the supply of bitcoins falls below the present demand then the buying and selling rates of bitcoins increases a lot since that would limit the buyers naturally

The reason of the increasing demand of .. bitcoins is because of The CME's decision to introduce bitcoins future, this way people are trying to buy bitcoins before its too late.

[rameshEl]

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^

Thanks to god, someone is finally taken my point. With all these comments and other forum post / articles I’ve read, I believe the main reasons are,

1.   Because of the un-traceability of pier to pier exchange behavior of BTC (or any other crypto currency), it may use by some party who are very much concern about traceability.
2.   Cheaper way of transferring money from person to person. 
3.   People who wish to trade on BTC than using them as a currency.
 
But I believe points like, there are companies/shops, accept bit coins, block chain technology are not that much contribute to the rapid growth, but may contribute very little.
But still it’s mysterious 

[wall101]

it depends on the investors in bitcoin and it depends on bitcoin users because bitcoin, rising and lots of people who use it because there are so many ways to use bitcoin so it's normal increase so it's good to buy, buy a lot and you just hold it for a long time and for sure you will earn a big buck on the back, 2014 I started recruiting and now I see the difference in bitcoin as it grows.

[Lmaooo]

The hedge funds are plowing in, in preparation for the Chicago Mercantile Exchange listing bitcoin futures on December 11th (the estimated date of launch).

To be a true hedge fund you need to be long as well as short, so owning the underlying asset (bitcoin) allows them to then short on the CME. Having a lot of coins also means they can manipulate the price a bit. For example say they have gone short on the CME and want to force the bitcoin price down towards settlement time - easy, just sell the actual bitcoins you have bought.

Prepare for a very wild ride when the futures are launched.

Yes, very rich dudes, hedge funds, and even banks are now investing heavily on bitcoin that's what drives the bitcoin price to the moon 🌙

[Chekitan]

Value of bitcoin is growing as bitcoin is less of money and more like gold which people invest into. And seeing the growing trend of bitcoinmore and more people are involving themselves into this.. Leading to the tremendous growth of bitcoin. Bitcoin is also beingpursued by many and it is believed that it is due to the highly systematic and profitable nature of bitcoin more preferable.

[Infek]

I think that the increase of bitcoin price, is not natural. Because 2 weeks and we already  have 50%.

[Natsuu]

I think that the increase of bitcoin price, is not natural. Because 2 weeks and we already  have 50%.

It's just natural brother because of the huge of demands of bitcoin while having a limited supply as so the price constantly increasing. Also the news and events that somehow affect the movement of it.

[hajimasan]

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 Main and basic reason to increase in the bitcoin is because the people are going to use more and more bitcoin .
Here you can see that another coins ( altcoins ) are in the market Thier value is about 1 Satoshi to 1000 Satoshi averagly for new coin , why this is happening that they have small value per coin , this is due to the use , And also we can see that bitcoin is a person to person using currency and no authority is in the market holding the bitcoin , but opposite of this the fiat currency in the practical.life we have saved in the banking company where they use our money and making the uniform flow of the money and also fiat are limited to.use in the country but bitcoin is not limited to particular places but people are using at international level without any restriction , so why not he value of the bitcoin will increase .

[twthmoses]

Do a search in the bitcoin discussion section: search for "increasing day by day" and you'll see way more results for this phrase than should even be possible.  Shitposters love to utter these words, repeat them over and over.  It's tiring, and for the most part the phrase isn't strictly true.  Bitcoin has mostly been up over the past few years but it doesn't "increase day by day".

It's market forces in action.  That's why the price keeps going up, supply and demand--what is so hard for people to understand about this?  In the 1920s, it was all about the new thing at the time, radio.  Before that it was railroads.  More recently it's been social media stocks, and before that it was internet and biotech stocks.  In 2011, it was precious metals.  People get manias about anything you can imagine, and demand skyrockets.  With bitcoin the supply is capped at 21 million coins, so the bigger the demand the higher the price.  This isn't rocket science and should be obvious to anyone who's taken even an introductory course in economics.

Well said. As you pointed out, prior to bitcoin there have been many other pumping projects going on. My all-time favorite is the Dutch Tulip mania of the late 1630’s. All these mania all share one common nominator, they all collapsed in the end, and returned to a “normal” level. Where bitcoin is in this bubble, well I don’t know. I think it’s just the beginning.

[toddalvin]

Supply and demand.. people are learning more and want to jump in and invest.

[odakorlina]

BTC value growing depends on customers demand because, people trade with it and some still use it as a currency. Also day by day new people come to buy bitcoin and make a huge selling.

[Bonakid]

Bitcoin is growing day by day we all know that its flactuating of price its value grow because of the demand and supply the more investors and user the more it affects the value of bitcoin.

[barabut]

In the first quarter of 2017, it was valued at around US $ 1,000. So if we take it some years, it's going up to 800-900%. If it is so this year, it seems that it will pass 10,000USD easily in the first quarter of 2018. I am very curious about the year 2018 movement.

[salihno71]

Reason is actually quite simple - demand and supply. At this moment demand is way higher than supply which drives the price up. Bitcoin is very present in the news and a lot of things are happening. Also as already mentioned in the previous posts, CME will list Bitcoin futures which means more fiat is coming. It also probably means more volatility in future period but we will have to wait and see.