Why is the price of bitcoin rising so high?

[pri3oner]

People want earn money - they do it. That's all. Crowd effect. 2017 has revealed crypto for millions of people worldwide. One of the best years of BTC life and there's no finish in th near future, I suppose!

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[Harlot]

Simply because investor are continuously coming, and at the same time people are continuously discovering and discovering cryptocurrency or what we call bitcoin. We cannot deny the fact that people might get interested working with this. By that, bitcoin value continuously growing bigger. In addition, because of social media bitcoin became popular and investors got bothered to pay attention to invest to this thing. Next one, is that people pass the information about this for them to work also, for example a friend of mine told me about this and me told it to my other friends by that bitcoin would get discover and at the same time value would get grow and bigger.

I don't think that the new people are the reason why Bitcoin's price is now this high. As they don't have the guts enough to push the prices up, so definitely the ones who are creating the prices of Bitcoin this high are the big players or the whales of cryptocurrency. This traders are the ones who started a buying pressure in which started a up trend for Bitcoin as other players have followed their league and started buying Bitcoin for themselves. They have done it in the pass the difference is they move the prices of Bitcoin too high.

[Mumbeeptind1963]

Price of bitcoin riseup too high depend on how.much the requested from people

The reason why bitcoin rise its price because of the growing people who use bitcoin and many people right now is shown interest about it, also the increasing value of bitcoin everyday. So that why is price is also rising, but i think its good sign because it means bitcoin has potential so many people trust it.

[biletskiy]

I think there are many factors which are providing high rates of Bitcoin growth. But the main reason of is advertisement and distribution information about cryptocurrencies. More and more people trust in success of Bitcoin.

[Mjeramirez]

The rise of bitcoin in the recent years can be accounted to the increase in demand and fix supply, it is the basic law of supply and demand. I think bitcoin’s popularity is triggered by people finally realizing the vision of a digital currency being the currency of the future.

[coinstalker23]

People want earn money - they do it. That's all. Crowd effect. 2017 has revealed crypto for millions of people worldwide. One of the best years of BTC life and there's no finish in th near future, I suppose!

Every time money is involved people will swarm it and try to invest it for the hopes of getting fortune from it, In our time now bitcoin is one of the best example of it . Because of the rise and popularity of Bitcoin nowadays many people are getting more into it thats why the demands of bitcoin is getting higher because of it the value pumps as the supply gets scarce.

[PhucS]

This year, Bitcoin has really developed very strong, strong growth rate together with high value has made Bitcoin more and more users. And I think that the main reason for Bitcoin price increase is that the number of people using it is increasing, and the demand is rising while the maximum bitcoin supply in the market is only 21 million. Some other opinion argue that the reason for the rapid growth of bitcoin is due to the lack of control from major banks, the government, but I'm not sure about this either. This is just my opinion

[deepakg2m]

Main reason for the highly rising price of BITCOIN is the increasing demand of BITCOIN.Many new investors are being interested to invest in BITCOIN.Everyone is believing that in future BITCOIN price will increase the same way which is making them realize that BITCOIN is really very useful and can give them a lot of profit.Therefore more new investors are attracted towards this and its increasing demand raises its price.

[cdog]

Price of bitcoin riseup too high depend on how.much the requested from people

it's true, the more people who want Bitcoin then the price will also rise and if the supply starts a little the price will also be very high

[romeitaly]

Bitcoin's price depends in the demand and supply here in bitcoin. Also ot depends on the usage of people on bitcoin and nowadays, more people are into it so bitcoin's price is surprisingly increasing. If this will continue, then there's a possibility that bitcoin's price will be higher than we expected. Just a few years later, almost everyone in the world will use bitcoin.

[Ma Nancy]

It's because of the demand and supply. The Higher the demand the price will increase. The lower the supply the higher the price.

[bitcampaign]

why the bitcoin increase is so high, if I think it depends on the demand of the person who will buy so the price is sometimes unstable with low or high prices become the vitality of a request

[Laokong]

Expert explains theories behind Bitcoin surge...
 
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.

But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.

maybe because of supply and demand and many people will invest bitcoin.increase demand the price is high..

[harbin55]

I think because of the rising bitcoin community. Many people all over cross the world are engage with bitcoin; increasing the bitcoin community brings a huge demands for their services which will leads to a higher market value in the public market.

[aray80]

I think, besides that what makes the bitcoin price high is the price competition that always chases between bitcoin with altcoin etc ...

[CopMom]

At present, Bitcoin rates have experienced unprecedented declines. The rate fell from $ 19,000 to $ 13,000 in just one week. Makes investors as well as people panic. Explaining the reason for Bitcoin's rapid increase is that Bitcoin has become a current trend so it attracts a lot of people to invest in it. With the currency limited to certain, it also makes the value of Bitcoin always increase rapidly.

[CryptoCurr]

Basically, bitcoin price is going down right now. but the reason why sometimes the bitcoin price is going high is because of the higher bitcoin demand.

[rickyleatham]

bitcoin price is rising so high because the needs for bitcoin is rising more and more in this year, more and more people wants to own bitcoin makes its price gets higher and higher throught years.

[Brangos99]

If I think the bitcoin price goes up so much because the number of people investing in bitcoin has increased a lot, as more and more bitcoin investors have risen, it's no wonder that bitcoin prices ever hit 200 million, so the cause of bitcoin prices rose due to the large number of investors investing in bitcoin.

[TheBestEver]

Bitcoin goes up every time when some significant country (like Japan) announces new legislative improvement around it.