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xianbits
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November 29, 2017, 11:30:57 AM |
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Yes, the price is so high but since I can't see "buyers" myself, part of me is thinking it to be artificial pump. I am afraid if ever my thoughts are true, is the big dump. Well, I know bitcoin is getting popular and popular each day, but this price surge fears me.
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chris molty
Jr. Member
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Activity: 59
Merit: 10
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November 29, 2017, 11:32:04 AM |
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A lot of good news, end-of-the-year run, euphoria + highlighting bitcoin, all that explains why it climbs so fast.
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intoy_victor
Member
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Activity: 266
Merit: 16
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November 29, 2017, 12:05:24 PM |
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The price of bitcoin rising so high for me because of population here in bitcoin. Thats why the more users the more bitcoin increase I guess. If many population here in bitcoin, the more users are mining and invest in bitcoin so they also earn more.
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The One
Legendary
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Activity: 924
Merit: 1000
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November 29, 2017, 12:09:24 PM |
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On 30th March 2017 the market cap for Bitcoin BTC was just under $17 billion USD. Today (29/11/2017) the market cap of BTC is over $177 billion USD. It's the law of supply and demand. In just over 7 months, an extra $160 billion USD has come into BTC but the BTC supply hasn't increased at the same rate therefore driving up prices from $1,061USD on 30/3/2017 to today's price of $10,637.50 on 29/11/2017.    Wait, so, even if there are 350 trilion dollars in the world. And let's asume Bitcoin will have this Market Cap. Does it mean the price can still increase just due Supply and demand?No. If btc = total fiat then there is no more fiat to buy. Then again fiat will keep on increasing until all governments ban "fractional reserves." |
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jona
Member
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Activity: 266
Merit: 10
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November 29, 2017, 01:42:26 PM |
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the prize of bitcoin is rising due the demand of bitcoin,the increase in price and value have drawn the attention of so many investors to the blockchain market.
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Genosx
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November 29, 2017, 06:36:41 PM |
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Because the demand of customer in bitcoin in the market is rising also. Their excellent service provided to their valued customer is a factor why these things happen. If they become consistent of doing this excellent performance they can break a leg in the year 2018 in field of electronic banking industry.
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pocketfullofpoke
Full Member
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Activity: 476
Merit: 101
www.daxico.com
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November 29, 2017, 11:58:34 PM |
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It's a matter of supply and demand stuff where price of bitcoin is so volatile today that it reaches new value ever since it was launched sometimes in 2009. Amazing how it reaches 11K USD today with almost a blink of an eye.
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Blockfolioz
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November 30, 2017, 12:03:02 AM |
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Supply to demand is an common factor that decides the price moves. This time the growth took place in a much bigger way with bitcoin reaching above $10000 from $6000 in a very small time period. None has a perfect reason for the price pumping that took place.
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Rupok
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November 30, 2017, 05:45:48 AM |
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The popularity of bitcoin is very high, and its circulation has increased in many countries of the world. People are using bitcoin in any work. Bitcoin is easy to earn, it is easy for people. People benefit from the investment of Bitcoin. Therefore, the prices of Bitcoin are increasing day by day.
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Ultimist
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November 30, 2017, 05:49:53 AM |
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View how many times the increased capitalization of cryptocurrencies, more and more people pour their savings into bitcoin, as it is more profitable than putting your money in the Bank.
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sidebyside
Member
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Activity: 245
Merit: 10
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November 30, 2017, 06:06:46 AM |
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I think bitcoin is increasing in value because of the increasing demand of people in using bitcoin. Online shopping, tuition, travel ...... use bitcoin to pay and high bitcoin value anyone want to own for the future.
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PX-Z
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December 01, 2017, 06:15:50 AM |
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The price of bitcoin rising so high for me because of population here in bitcoin. Thats why the more users the more bitcoin increase I guess. If many population here in bitcoin, the more users are mining and invest in bitcoin so they also earn more.
That's the number one reason why bitcoin rising up his value, becasue of supply and demand. Like you said, the more user in bitcoin the more value to increase, and that's is so true. Because if you can see, when the china banned ICO's in their country the value going deep down and it's so hard to get back up, ( actually even without china the value of bitcoin is continue to grow. ) But anyways my point is, if all country accept bitcoin the value is much more higher and higher. |
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karkajuth
Member
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Activity: 81
Merit: 10
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December 01, 2017, 06:21:31 AM |
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I am living in Turkey and people begin to learn about crypto coins and making investments so btc still have a huge potential to rise because its still unknown thing to a lot of people in the world. But eventually, they will learn about it
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flatnose101
Member
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Activity: 102
Merit: 10
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December 01, 2017, 06:24:07 AM |
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The popularity of bitcoin is very high, and its circulation has increased in many countries of the world. People are using bitcoin in any work. Bitcoin is easy to earn, it is easy for people. People benefit from the investment of Bitcoin. Therefore, the prices of Bitcoin are increasing day by day.
and for my opinion we are in a different country so are you sure for all of us that we have the fair treat about bitcoin so some having the special treatment about this coin so the main reason why is this high cause some are treat this currency in a special way. |
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steveabrahams
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December 01, 2017, 06:34:27 AM |
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I think bitcoin is increasing in value because of the increasing demand of people in using bitcoin. Online shopping, tuition, travel ...... use bitcoin to pay and high bitcoin value anyone want to own for the future.
Supply and demand always the reason why the bitcoin price rising so high, people keep holding their bitcoin and buy more to anticipate the hardfork. That's why the bitcoin price at high price right now. Actually a whale also contributed on the bitcoin price, they can make a move on bitcoin price even is not too big. |
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leanhtuan
Member
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Activity: 91
Merit: 10
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December 01, 2017, 10:25:00 AM |
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The price of bitcoin rising so high because demand of bitcoin is increase day by day . Rumors of bitcoin are increasing , attracting many curious people .
when demand of bitcoin so high , bitcoin will be scarce , the bitcoin value will also increasing accordingly . when many people knew bitcoin , just good
news about bitcoin will make people buy bitcoin .
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Junard619
Member
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Activity: 88
Merit: 100
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December 01, 2017, 11:05:21 AM |
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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.
Bitcoin’s surging popularity, demand and growing awareness of the crypto market has all contributed to its unprecedented rise. The token is a store of value used to exchange for goods and services. Bitcoin is not regulated nor is it a legal tender – but it is popular and in high demand which drives prices. |
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jaylhynne018
Member
Offline
Activity: 196
Merit: 10
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December 01, 2017, 11:11:25 AM |
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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 of the good investments and reaching investors why it is reaching so high thats the matter of being a greatness of bitcoin and goodness of it to all of us! |
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Vaculin
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December 01, 2017, 11:29:25 AM |
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I think bitcoin is increasing in value because of the increasing demand of people in using bitcoin. Online shopping, tuition, travel ...... use bitcoin to pay and high bitcoin value anyone want to own for the future.
Supply and demand always the reason why the bitcoin price rising so high, people keep holding their bitcoin and buy more to anticipate the hardfork. That's why the bitcoin price at high price right now. Actually a whale also contributed on the bitcoin price, they can make a move on bitcoin price even is not too big. I agree.It's all about supply and demand from all of us.Since bitcoin has become popular to numerous countries,we should also expect that more people will build interest on bitcoin.That will start to increase its demand and eventually supply will be minimal.With this,price becomes more expensive. |
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Rashid555
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December 01, 2017, 03:08:40 PM |
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The important thing in the digital currency is the value of bitcoin as we see that many people are just buying bitcoin to send their huge funds to other countries in the form of bitcoin and that is the reason that bitcoin is not legal in many countries. The price is connected with the trust of the users and now the users are increasing day by day. The use of bitcoin is also high many online shopping centers are selling through online currency like bitcoin and altcoin.
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