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Author Topic: popularity of bitcoin dictates demand, means more profit  (Read 2348 times)
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November 29, 2017, 08:43:19 AM
 #1

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

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November 29, 2017, 08:45:27 AM
 #2

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.

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November 29, 2017, 10:16:32 AM
 #3

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
they won't buy bitcoin if they don't know what it is. considering nowadays a lot of big global media reports about how the price of bitcoin reached 10,000 USD makes people curious and start make a quick learning then decide to make a speculation to invest.

the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.

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November 29, 2017, 01:54:47 PM
 #4

Yes the more the demand the higher the price.That is what my opinion is.And as for now I cannot buy bitcoin for it value.As of now it is so high.I am afraid that it would easily go down too.

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November 29, 2017, 02:06:28 PM
 #5

I think i should agree with that popularity dictates demand.  As people gets curious, the more they wanted to know, the greater chance they get into Bitcoin world results to greater demands that leads to higher Bitcoin price which means profit to all investors.

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November 29, 2017, 02:16:14 PM
 #6

After bitcoin is well known crypto currency worldwide bitcoin has a large use for transaction. For me this is why bitcoin pumped
Up of today's price because of popularity, demand and the usage. Including the investor's thats more hitted the value of today's bitcoin price. With the help of this said event. It dictates the situation's between Bitcoin price.

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November 29, 2017, 03:29:36 PM
 #7

I agree, the higher the demand the greater the value. The circulating bitcoin in the industry is limited so the value have to ho higher as there are many people becoming curiois and interested in btc.
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November 30, 2017, 01:09:55 PM
 #8

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

There's no simpler way to explain it. The more bitcoin rises in value, the more people will get interested and invest. It's a cycle. When there's bulk selling, then the price goes down and then people will buy in again raising the value once more

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December 03, 2017, 04:19:54 AM
 #9

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
they won't buy bitcoin if they don't know what it is. considering nowadays a lot of big global media reports about how the price of bitcoin reached 10,000 USD makes people curious and start make a quick learning then decide to make a speculation to invest.

the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.
Yes, bitcoin is gaining huge popularity each and every day and that is giving it a serious bullish push and without doubt it would keep giving it further push as we enter next year. I would not really say most people really have the full understanding of bitcoin and which is why little spikes like this have been followed by huge drop in price as a result of FUD.

A lot of investors these days with the speculations going on are seeing bitcoin as a means of investment and that is all they know without even considering the risk.
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December 03, 2017, 04:29:05 AM
 #10

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.

And you have based this off of ?? What? Random guess? Lots of newbies around? The price being 10x in a year? Why would you say that without any facts to back it up? I'm in bitcoin whether the price in fiat goes up or not because I believe in it as a currency. You can't generate more bitcoin out of thin air like you can with garbage government created bullshit fiat.
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December 03, 2017, 04:55:30 AM
 #11

1. The demand and supply rule
2. The popularity
3. High gains over time
4. Adoption of bitcoins in most countries
5. Hard forks
6. Tremendous growth
7. Possibilities of earning part time
8. Easy to use with little or no documentation
9. Future investors like CME bringing the crowd in
10. The limited blocks bitcoins posses that can literally increase the price thus people are holding for the moment when it reaches millions.
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December 03, 2017, 04:58:07 AM
 #12

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

There's no simpler way to explain it. The more bitcoin rises in value, the more people will get interested and invest. It's a cycle. When there's bulk selling, then the price goes down and then people will buy in again raising the value once more
Actually, the way demand & supply works is just exactly what gabmen said. The popularity brings people and get interested to it, the amount of supply of bitcoin stays the same 21 mil.
Therefore the value could just increase and just imagine if 100 million people using bitcoin, and everyone want to hold bitcoin as much as possible.


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December 03, 2017, 07:05:51 AM
 #13

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
they won't buy bitcoin if they don't know what it is. considering nowadays a lot of big global media reports about how the price of bitcoin reached 10,000 USD makes people curious and start make a quick learning then decide to make a speculation to invest.

the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.
Yes.The high media exposure has created awareness about bitcoin among more people.So,they immediately try to know about bitcoin and start investing in it.

Also,CME entering bitcoin market has made thousands of new accounts got created in coinbase.It means more demand for bitcoin.This effect may continue more for even one month or more.

If any new developments occur at that time,bullish trend may even continue for even more months.

In short,we could say that there is more probability for bitcoin demand to increase here after.
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December 03, 2017, 01:19:13 PM
 #14

in my opinion, popularity means increase in value because when a certain object like for example GOLD is in demand. suppliers will have the guts to increase its value so that they could obtain more profit since even the value increases they know that it will still be in demand and consumers will buy it regardless of its value increase.

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December 03, 2017, 02:37:18 PM
 #15

As bitcoin keeps breaking new barriers of price, it is super normal more people get curious and interested to invest on it. More people buying, more volume, more profit incoming and this happens with every single active.
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December 03, 2017, 03:12:39 PM
 #16

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

It's not just that. If what you are saying is the only reason people are buying, then we would be in the bubble many people still talk about. There is a huge hype around bitcoin, and a lot of it comes from emotions and speculation. I won't argue with that. But let's not forget that bitcoin has real practical use, so there are a lot of people buying because they know bitcoin has all the potencial to become a new store of value asset, and if you compare it to other assets on the same category, like gold, then you must agree that bitcoin price is still very small, and it has great investment potencial. This of course is still speculation, and it could go wrong. It all depends on how regulation is done, and how investors will deal with it, but I it's not just "popularity" with no actual potencial that justifies it's popularity.

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December 03, 2017, 03:34:19 PM
 #17

Of course, and.. the positive value of bitcoin enhancement is evidence that bitcoin still has an increasing valuation in the eyes of the world community. The volume of bitcoin trade increases in value, this indicates the strength of bitcoin as currency and also asset.
and so bitcoin is considered to have sufficient strength to last for a long time.
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December 03, 2017, 03:55:30 PM
 #18

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?
The demand is what is driving the price of bitcoin and the high the demand the high the price. This is the law of demand in practical and this law is also law of economic!  Many people are becoming aware of bitcoin and others cryptocurrencies and since bitcoin provide many advantages that others form of currency could not provide many people like to use it. I think we still have a long way to go since blockchain technology is still at the developmental stage in the area of acceptability and we should hold what which we have as there is no end to this bullish momentum.

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December 03, 2017, 05:32:44 PM
 #19

Advancing technology plays a role on bitcoin popularity and affecting its value. As years passed, new technologies emerge and human tend to utilize it in order to have and efficient life. In the past years, money was then in the form of carved metal coins, then paper money and then came credit cards and atm cards, now its the bitcoin. Imagine carrying different types of currency  your pocket worth 1 million as opposed to that same amount accessed thru your phone.
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December 03, 2017, 06:12:44 PM
 #20

in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Yeah, this has become a circular trend! People turning to Bitcoin because it's price is increasing, which in turn increasing demand, demand raise buy walls, buy walls raise price, which in turn again increase demand!
So this is what actually happening right now!

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