Why is the price of bitcoin rising so high?

[Twentyonepaylots]

the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.

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[Savemore]

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.

The price of the bitcoin depends on supply and demand of the cryptocurrency market. If the supply of the bitcoin decreases and the demand increases; the price of the bitcoin will go up but if the supply increases and the demand decreases, the price of the bitcoin will go down. The value of the bitcoin depends on the people who are buying and selling bitcoins.

[Jogerstar]

Wow i was not aware of the huge exchange of GBP/USD, it has been a long time since i dont check the forex markets, why the pound is so expensive over the dollar right now?

Bitcoin prices reaches reached £7,529.77

Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.

If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.

The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.

agree with you, I want to add indeed bitcoin when the market goes up higher, because bitcoin market is the first in other currency markets but when it comes down very drastically.

[Wintersoldier]

Wow i was not aware of the huge exchange of GBP/USD, it has been a long time since i dont check the forex markets, why the pound is so expensive over the dollar right now?

Bitcoin prices reaches reached £7,529.77

Let me tell you that the price is only based on the supply and demand, just like it happens with gold, silver, copper, and all the other precious metals.

If no one would be buying Diamonds, do you think that it will be at least $10 one? It is impossible. The price is only created by the ones who use to buy it.

The same happens with bitcoin, and it will keep going up because people is still looking to buy it at an expensive price.

Since the law of supply and demand is considered as the backbone of market economy, it also applies on the volatility on bitcoin's price value. There are basic components of this law such as, of course supply which refers to how much is available in the market and the demand for the availability of a certain products or service. This includes the exchange of value, which balance the certain formulation that triggers whether the price of bitcoin will shoot up, or falls down.

[Traslavin]

the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.

Probably it is, the rising and dropping of value or prices of bitcoin is depend upon the demand of the investors that they wanted to invest. Since investors are keeping on rising too that's why the value also rising high too. And besides it is what the basic principle of bitcoin right, thats why it is hard to predict it's price because of its volatility.

[xSkylarx]

the main reason for that is because, the amount of demand for bitcoin is also rising as well, and also the amount of investors are pouring in, due to this the price of bitcoin also increases, and this is a good sign for someone who had invested in bitcoin while the price is still low.

The population of bitcoin is the one who is making the demands so high that is why the market is increasing the price of bitcoin because of its volatility also, we believe that the bitcoins price would go up to million dollars in 2038(just some rumor I've heard) but I'm hoping on it to happen because that would be great and will gives us a lot of profits for sure.

[jeremiah_woffy]

well, simply because of the law of the demand and supplies. If the supply decreased the demand increases and the price increase too, if the supply increases the demand decreased the price goes too. As simple as that.

[P3]

The cost of the bitcoin continues expanding in light of various variables that makes the cost increments. One factor is a direct result of the request of the bitcoin that continues expanding. We as a whole know the law of interest that if the request builds, the cost likewise increments. Another factor is there are many individuals utilizing the bitcoin or put resources into bitcoin and that is another motivation behind why the cost of the bitcoin continues expanding. Ubiquity of the bitcoin increment the bitcoin requests and furthermore it advances the computerized money around the globe.

[raymart0720]

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.

investors who is continues to using and increasing no. of people who uses especially bitcoin and other altcoin and type of crypto currency.
new way to payment and also money that basically it... and also the popularity of bitcoin getting in the year of 2017..
I am happy and amazed now hahHhahaha how power of money and bitcoin influences people and others hehehehhe

[Antivoid]

although the price rise a lot in the past years, it falls a lot, compare with altcoins, the amount of increase is really not very high in the last two years, many altcoins pumps hundreds of times, i think btc will continue to rise as most altcoins will disappear

[GavenJack]

The thing is that from the end of 2016 - beginning of 2017, not only "people in the subject" learned about the crypto currency, but also a large number of ordinary users. It's hard to say why this happened right now, but it seems to me that regular news about how the Chinese use bitcoin to withdraw money abroad bypassing government bans has played a significant role in the formation of bitcoin, and the systematic growth of the rate of the first crypto currency to $ 1200 - troy ounce of gold, which led to numerous discussions about the new risk-free asset. Further, the press began to pay much more attention to events in the crypto industry, which followed each other with astonishing regularity.

[xvids]

The price of bitcoin is rising so high because of the high demands of the investors ,
I think it is really increasing rapidly because of the growth of the numbers of investors .
Bitcoin is becoming more and more popular when it started and the price is increasing because yearly there are new investors who wants to be in the crypto currencies.

[speeder]

Oh that's something natural taking into account that last month had a very low price so now somehow is restored the balance, but we have to consider that Bitcoin is a volatile cryptocurrency so is a little unpredictable right now. Maybe that's the cause why the price grew so fast.

[Sithara007]

I have been analyzing the exchange rates for the past two months, and it looks like the momentum is quite subdued although there is a lot of volatility. The problem is that a lot of new users purchased Bitcoin in December 2017, hoping that it will give them instant returns. These guys don't have any patience and they are dumping their coins right now.

[tophe15]

It's because of people joining the trend of buying Bitcoin which pumps the value of it overnight. Even though few months ago it's going low, now it's going back again and might reach $12k next month (?)

[Ompyon]

It's because of people joining the trend of buying Bitcoin which pumps the value of it overnight. Even though few months ago it's going low, now it's going back again and might reach $12k next month (?)

yes, it makes sense too, as more and more people who consider bitcoin will make it a success in the future, it will encourage those people to compete to buy bitcoin. with so many purchasing requests, it will pump the price of bitcoin becomes higher

[VBCryp@]

As we all know bitcoin prices have dropped to 6,000, but bitcoin has steadily rebounded to bring balance in the crypto market. Bitcoin is becoming more and more popular as it starts and prices rise, and are attracted by large investors, and this is a good sign for those who invest in bitcoin while prices are still low. .

[rolerVX]

One thing for sure because of one thing that become the main reason why bitcoin rise too high and that is more demand and limited supply. This is always what happen when an item crash it is because of more supply and few demand. But when we refer to rise too high it is all about more demand and limited supply. The more investors come and buy more bitcoin then bitcoin will increase because too many demand. The investors will push to buy bitcoin. I really think that this is the reason.

[bellanas]

Everything is very interconnected, here the price of course depends on the number of investors, the more of them, the higher the price respectively.

[TeraBitHoven]

Bitcoin is highly volatile and depends on its demand in the market that is also the reason why bitcoin's value grows incredibly. It is not stable which makes its value swings suddenly, and is more reflective on how market works. The more people purchases bitcoin the more it grows, just like how its value grows to 10k usd from 6k usd in just months passed.