Why BTC value is growing day by day ?

[nc50lc]

The answer always ends up with: "Too much demand against the limited supply"

You see, mining is designed to discover blocks every 10 minutes(Correct me if I am wrong). Whether the hashing power is low or high.
Now that there are too many people took interest to Bitcoin, whether they are investors, miners or traders, everything they do will make the price even more higher.

• Investors take and Hold Bitcoins makes the supply deplete.
• Traders make money from buying it during a slight fall and selling when see fit. But doing so, they always aim for the best price which makes more traders makes the market unpredictable in some degree, but making it stable at the same time.
• With Today's Sky-high Hashrate, Miners, whenever they got rewarded with Bitcoins either keep it (which limits the supply even more) or Sell it. However, with the current hash rate, they must have invested a lot in not-so-cheap miners to acquire a considerable high hashrate to discover a block. So if they would sell their bitcoin, they will set the tag higher

In short, there's too much demand versus the limited stocks in the market.

[rameshEl]

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.

This is something I wanted to clear out. If it’s a social mania, which means it will be saturate someday (before 2140). My exact worry is most of the web posting / forums and replies are based on what they read, not based on real study. (I believe you point that it’s a social mania and possibly we are in a bubble)
Thanks for the reply and apologies for using phrase like “growing day by day”. Did not intend to get the attention. 

[sukamasoto]

My local expert trader said there are a lot of demand especially on bitcoin in Europe.
As we know they are celebrate thanksgiving event or it can be chain reaction from Japanese influence that already legalize bitcoin earlier.
So this is the chance for making a lot of profit by keep hold until $ 10.000/btc !

[BeGoods]

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

Many people are starting to glance at bitcoin right now. they see bitcoin as a very potential investment. many people keep coming this time that's why bitcoin prices keep rising every day and we will continue to see bitcoin prices go up as many people in the world still have not adopted bitcoin. so prepare yourself

[LynielZbl]

In my opinion, just why the Bitcoin value is increasing because of its limited supply, I think it's only $ 21 million dollars. because the bitcoin holders increase, the supply is decreasing. And when the supply goes down, of course the Bitcoin price is increasing.

[nizamcc]

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 ?       

Firstly, Bitcoin is a valuable asset and that the more it gets mined, the lesser it becomes on a daily basis as you know that there are just 21M coins to be there in total. Take it like you are not living an extra day in your life, but you are losing one.

Now, don't compare it to a currency because a currency is something termed as "stable" and Bitcoin is volatile. The interest of investors, their recommendations to general public and mainstream media are the three most important reasons why Bitcoin is gaining too much value. You must also be aware of the fact that everyone was interested in a lot of free money (generated through hard forks of BCH and BTG) and that, they say that the value of Bitcoin will only drop once these BCH and BTG will be fully released to their owners but I think that whatever will happen, Bitcoin is still very cheap and it won't be expensive for me unless it goes over a $100k.

[shalnark]

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.

I think bitcoin value grows because of people trusting to this digital currency. It can be contributing some source of income. Example for being student the bitcoin will help me to support in my allowance. So I refuse to my parents to give an allowance to me. Because I get some allowance from bitcoin and I know bitcoin will help me not only today but in the future. so for me trust is the big factor to continue grows the bitcoin day by day.

[oegarod]

In my opinion, just why the Bitcoin value is increasing because of its limited supply, I think it's only $ 21 million dollars. because the bitcoin holders increase, the supply is decreasing. And when the supply goes down, of course the Bitcoin price is increasing.

Mate be clear its not $21m, it's 21m bitcoins. Due to the increased demand than the past, the usage keeps and acceptance around the world for different needs such as services and on products have increased massively. Similar to other trading rule, here too the demand to supply lead to price moves.

[di.ako.toh]

Bitcoin value is growing day by day, and I think the reason is the increasing number of Bitcoin users, greater demand of bitcoin, which is an advantage to all investors but in an opposite way to traders wants to buy Bitcoin. Its a great time for investors to have a greater return and profit.

[kiddeon123]

for me the reason why bitcoin price is continuously growing is because of its number of user also growing day by day. The popularity of bitcoin is spreading and more people become interested in it. Many people Invest on bitcoin so its price goes up. In Economics we have been though the the higher the demand the higher its price will become. These is the reason why I think bitcoin grows day by day

[wagi]

Bitcoin is more accetable by more people in wide world and make demand for bitcoin increase.
More people decide to hold bitcoin and keep buying. It make bitcoin price growing.

[rameshEl]

The answer always ends up with: "Too much demand against the limited supply"

You see, mining is designed to discover blocks every 10 minutes(Correct me if I am wrong). Whether the hashing power is low or high.
Now that there are too many people took interest to Bitcoin, whether they are investors, miners or traders, everything they do will make the price even more higher.

• Investors take and Hold Bitcoins makes the supply deplete.
• Traders make money from buying it during a slight fall and selling when see fit. But doing so, they always aim for the best price which makes more traders makes the market unpredictable in some degree, but making it stable at the same time.
• With Today's Sky-high Hashrate, Miners, whenever they got rewarded with Bitcoins either keep it (which limits the supply even more) or Sell it. However, with the current hash rate, they must have invested a lot in not-so-cheap miners to acquire a considerable high hashrate to discover a block. So if they would sell their bitcoin, they will set the tag higher

In short, there's too much demand versus the limited stocks in the market.

I believe, in simple terms, it’s no longer a currency, but something like precious metals or some other way of investing. This makes much clear then.

[guinar]

The demand has been increasing (both from institutional with futures and all that, as well as retail - 100m subscriptions added to coinbase last week I think). FOMO is getting bigger but it may reduce at 10k.

I also think that the comparison to the dot com bubble is unfair: it's for sure an investment, but a technology more than a company, and a currency more than a stock. If you want to think about fair value you have to look at the cryptocurrencies potential future market cap and BTC's potential future market share. I think there is still a fairly great upside (in the long run). It may be going a bit fast and there may be some corrections but I wouldn't be surprised if hodling was the way to go there. The bubble might burst for more useless cryptos though.

It looks like a bubble but for once, this time may be different as this is a different ballgame and investors realize it more and more.

[djgtr]

The law of the market remains in effect in bitcoin.
If the daily calculated bitcoin prices sometimes go down sometimes rise, but if calculated yearly, bitcoin prices always rise.
But we can not predict bitcoin prices in the coming year, and no one can predict exactly

Well i think bitcoin is growing day by day because it is getting popular and many people use it in this modern world that has really prone in the usage of internet.and we all have known that bitcoin runs through internet and all its transaction made simple through internet that is why many people use it now a days and maybe that was just a great factor that effect bicoin on getting rise day by day.

[denzkilim]

Do you mean the price is growing day bu day? If that's what you mean, Bitcoin price grows day by day because of the demand of it. More and more people are using bitcoin on a daily basis and that's one of the cause why it's price grows day by day. 

[Bambinoe]

Because people are getting more knowledgeable about it and so the increase in demand for it which translates to its increase in value.

[LogitechMouse]

BTC's price is increasing day by day because of the law of supply and demand. Because of the news that have been posted in the internet, more and more wants to invest in bitcoin so if many will buy bitcoin the price will increase. Simple as that .

[DoublerHunter]

Is it because the bitcoin is getting more expensive the people are having FOMO or fear of missing out which is the reason why the demand is keep on going up and that is why bitcoin's price is keep on rising or growing day by day. If you really want to save some time in investing then you should just buy bitcoin right now and keep it for a very long time.

[rameshEl]

BTC's price is increasing day by day because of the law of supply and demand. Because of the news that have been posted in the internet, more and more wants to invest in bitcoin so if many will buy bitcoin the price will increase. Simple as that .

it's not only depend on supply and demand. Social mania play a vital role, there should be a trend among a community that will support to keep the demand up. Demand will not go up just because of lack of supply.  ~ My opinion 

[cepedacharles29]

The bitcoin increases because many buy it from different markets when the bitcoin drops means the price of bitcoin falls but now the bit price of bitcoin is stunned because it has soared rapidly and BTC's price is increasing day by day because of the law of supply and demand.