Why is the price of bitcoin rising so high?

[Learn.It]

The price of bitcoins depends solely on the demand for it from the part of persons who want to buy it. And since bitcoin has increased in price by more than 1000 percent over the past year, there are a lot of people wishing to have such a profit in the future. But this can not continue indefinitely. Enough of some kind of cataclysm that would affect the decrease in demand for it, and there will be a reverse chain reaction. For a short time, its value can fall to the actual depreciation. While this is a classic bubble. A new technological solution is needed, so that it protects both from excessive inflation of the bitcoin price, and so as to prevent a sharp fall in its price. Given the already high liquidity of bitcoins, a sharp drop in the price could cause catastrophic consequences.

It is refreshing to see this viewpoint. I completely agree. The rate bitcoin is growing can not continue. It has moved from being about the use to people seeing only an investment and get rich quick opportunity. How many of the new investors have any intention on using BTC? If it does crash soon, you will have a lot of weak hands and I expect to see it dip below 7000.

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[freebutcaged]

Stock markets and more demand, fear of missing out, fuck you all with your opinions. one country is buying 300,000BTC slowly perhaps since 6 months ago

And everything else also slingshot the prices. mate just imagine some country purchased 300k Btc for less than @$2,500,000,000 dollars, now they can give

That amount to some other country for north of @$3,000,000. Usa, Russia, China can only watch, never knowing who just fucked them bypassing their

Expensive sanctions.

[Greatergrace]

After predicting bitcoin would top $10,000 by mid-next year in October, hedge fund manager now predicts bitcoin could easily reach $40,000 by the end of 2018.
This is a clear indication that the high the demand the high the price.
What all this prediction, caution is need to prevent future fall.

[asus09]

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.

I completely agree with you. this is what happens to crypto, with the various technologies available. bitcoin is one that scores all time history records in crypto. and this will continue for years to come.

[seasonw]

I think this is not yet finished, we still have 30 days till the end of December, maybe we should look for next milestone at $12k 

[Synaesthesia]

Bitcoin price has grown too fast because It begin being accepted more and more in the wolrd by many inviduals and coporations. Besides, there are many investors dont wanna miss their chance

[reynilynedago]

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.

Because theres a lot of country accepting this bitcoin they believe in bitcoin now but sone goverments still hate this because they scared lol this is the chance to earn and to hold bitcoins because this bicoin is our future money.

[MiF]

I think this is not yet finished, we still have 30 days till the end of December, maybe we should look for next milestone at $12k 

Yes it is not yet done on increasing, we still have many days in the month of september. I guess it continue on increasing because bitcoin really wanted to help other people who really need this. Other people must really need to be thankful for having bitcoin because I am pretty sure it can really help you secure future lives. Bitcoin really changes lives forever.

[Images21]

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 demand of Bitcoin is at its highest for now. The fact still remains though, that the market of Bitcoin and the rest of the cryptocurrencies is volatile. It could go down low at any moment. But it all depends on the demand and the support from the people. For as long as the support remains solid and the demand is increasing consistently, there is no problem with a volatile market. That is the foremost reason why Bitcoin continues to fly high. 

[tarpa07]

Most of the company accept bitcoin for his payment and most of the casino accept bitcoin so now a days bitcoin price is rising .

[amla]

Actually its the main decentralized crypto currency in which people are getting increasing in number so its demand is becoming high so as from the principle of demand and supply we have that its price will going up as we see daily.

[care2yak]

Basically, it's because of demand. What fuels the demand for bitcoin is the proposed CME futures contract and media coverage. So those that are drawn by media coverage don't really want to miss out on prospective profits and are thus buying in on bitcoin.

[reingelz09]

bitcoin price is so high because there's so many people want to invest bitcoin nowadays and the upcoming..high demand high price. somewhat law of supply and demands has been applied

[Tiktik]

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.

Because theres a lot of rich people investing in bitcoin? So thats why value of bitcoin continiously to grow and theres a lot of icos and new cryptocurrency appears everyday just in ny opinion and i think is becayse the supply is limited.

[noorammak]

You should know there are big whales on the cryptocurrency market, they always buy huge amount of bitcoin, that makes the supply of bitcoin lower than the demand, making price of bitcoin rises higher and higher.

[kevoh]

I missed the opportunity to invest it when the price was low, now see the value of it increased too much.

There is no low price window entry for Bitcoin, if you have the money right now buy what you can afford and hodl. Don't be surprised when it hits another high of 20000 in a few months.

[Lei Crypto bounty]

Well i think that the price of bitcoin rising so high because the number of people investing in bitcoins has increased this past few weeks and also popularity of bitcoins has risen quite a bit. Bitcoin attracted a lot of investor mostly young professional one's are investing on Bitcoin for their Future retirement or for their extra source of income.

[batang_bitcoin]

One of the reasons for high bitcoin prices is the high demand of users. Bitcoin is developing, many people know it and use it. When bitcoins increase, people invest in it to make a profit.

This is the only reason why the price is so high, it will not be too high if there will be no demand. If the demand is low, there will be no reaction to the price of bitcoin. And the news are also affecting the price of it, when experts are being interviewed and give a positive feedback to bitcoin. Viewers are going to have a peace of mind that it's fine to buy bitcoin and that makes everyone to keep on buying.

[wenjun123]

It will grow further, up to 40-50 thousand in 2018. It's normal, money flows in, more people use it, it's normal, and it's not a bubble.

[ethereumhunter]

One of the reasons for high bitcoin prices is the high demand of users. Bitcoin is developing, many people know it and use it. When bitcoins increase, people invest in it to make a profit.

This is the only reason why the price is so high, it will not be too high if there will be no demand. If the demand is low, there will be no reaction to the price of bitcoin. And the news are also affecting the price of it, when experts are being interviewed and give a positive feedback to bitcoin. Viewers are going to have a peace of mind that it's fine to buy bitcoin and that makes everyone to keep on buying.

yes besides that, people now know that bitcoin is really worth and the price will increase in the future and the highest price now it is just beginning. in future, maybe we can see the other highest price again. while people realize that bitcoin is precious, they want to buy bitcoin whatever the price and they will hold it for a longer time.