popularity of bitcoin dictates demand, means more profit

[ForeverSmall]

popularity of bitcoin increases it mean more people using it and it only 21 millions bitcoin in this world so you know what it means right !!
grab some bitcoin now :3

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[Lykslyks]

Well i think, it's not the popularity it's the people who invest in bitcoin and how the miners and traders behave in the market  dictates it's demand. People see how it pumps up everytime the price of it goes down, so many wants to hold bitcoins and invest. But yeah, because of the popularity of it people became aware to it.

[tiggytomb]

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?

Recently there has been a lot of new people being exposed to bitcoin, for example I have been able to introduce about 7 people to bitcoin and it was as easy as saying go to Coinbase and then purchase some, before when talking about bitcoin it would fall on deaf ears, I definitely think that the media exposure that it is currently getting and because of the price people are far more susceptible to listening on how to purchase some and how it all works.

I definitely think that a lot of people coming in now will be drawn to bitcoin because of the rise it has had in the last year, and this is one of the reasons that the price is what it is, hopefully these people will then look further into crypto and what bitcoin actually is beyond a supposed quick way to make money.

[raven7886]

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

[Lieldoryn]

The popularity of bitcoin will rise, but after the opportunity to trade futures on bitcoins the price can be more predictable. This will reduce the level of volatility and speculative capital may start to leave bitcoin. We don't know what amount of capital. So we can see the situation that the growing popularity of bitcoin the price will fall.

[el kaka22]

Not all the times the popularity dictates the demand because somehow, even though bitcoin is famous and have a lot of popularity, its price is still going down because of the emotion of the people who have bitcoin and i think it is more appropriate to say that emotion dictates the demand and as well as the price of bitcoin that will affect the profit.

All is fine so far, I really do not see any going down much. Corrections are normal and you are welcome to the trading world. Also, bitcoin is still in its early stage, so we should expect more of this in the long run.

I would not want to bother myself much about the falling and rising prices except for the future which I am pretty sure, we have not seen a high level of demand yet. Once bitcoin hits that stage where a lot of people can start making use of it easily, then that is when we should start expecting a huge demand.

[danpaz]

Indeed, bitcoin supply which is fix is a main reason why the price is getting more big, popularity is important to get more prospect investors, volume of trade will increase and the price increase also

[nidacoinlove]

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. 

[Saksham]

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?

Well yes, we could say that the popularity of bitcoin brings more demands from the market, the trust in Bitcoin would grow so the price would do the same.

[Ejanend]

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?

Simply the supply and demand formula applies here which has been discussed hundred of times on this forum, demand is increasing rapidly while the supply is same. What i have observed that popularity of bitcoin has increased more than 500% this year and people are much interested to earn huge profit through it that's why everyone is investing. The popularity will increase even more in the near future and we will see the bitcoin ruling the world with it's high worth.

I think Popularity has a little to do with demand. That a product or asset is popular doesn’t mean that the demand will be high. It can be popular just for some mere reasons and won’t be the type that attracts people to demand for it.

And… how did you know that the popularity of Bitcoin has increased this year up to 500%? Dude, you can never tell how many people are making use of Bitcoin, not when one person is making use of ten wallets at a time. Nobody has been able to tell how many people are using bitcoin. So not possible.

Why it will not I mean if bitcoin demand will increase it will be popular among people and a lot of people who were not even aware of bitcoin will know about it. I personally get inspired from bitcoin because one of my friends was searching for bitcoin from long time and she was crazy about bitcoin so that made me curious and I searched about it on google then I saw how popular it is and it is very high in demand now.

[pisston]

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. 

and nevertheless I think that altcoin is of great importance for users who have significantly less financial capital. Therefore, trade and investment altcoin will bring them revenue, as Bitcoin today is quite expensive.

[Kelvinid]

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?

Well yes, we could say that the popularity of bitcoin brings more demands from the market, the trust in Bitcoin would grow so the price would do the same.

Right.The more popular bitcoin would be,the greater the demand from people and of course the higher the profit we will expect.This would be the scenario that keeps on rolling for bitcoin.And if time comes that people would not be interested in bitcoin anymore,maybe bitcoin price itself will also fall.

[nominee]

I do agree with you, popularity does dictate bitcoins demand right now because the more popular it is, the more people also wants to invest in bitcoin or buy bitcoin for them to keep or hold on to it for a couple of years for more profit in the future.

This is not totally true. Popularity if making the price go up maybe, but it doesn't dictate anything because people are free in their decissions to buy or sell any asset including bitcoins.

[henmark]

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?

As bitcoin get more popularity day by day people will get to know about bitcoin and its capability, in this matter once a new comeri in bitcoin community it will make a way to have bitcoin as he/she expecting to get a profit from it. the more people like that come the higher the demand! and that means more value on bitcoin price which pioneers are enjoying

Definitely this is going to happen. Bitcoins are giving them a hope and they are joining this world. When they come here, they need to make an extraordinary income from a little investment and bitcoins assure them that this would happen, don’t worry.

Ultimately demands are getting higher and higher and I think bitcoins are increasing profit ratios by increasing the prices. See, doesn’t it?

[Betwrong]

I am sure the demand for bitcoin is based on its popularity. There are better blockchains being developed that cover more population needs!

Maybe you should name them. Has any of them been used on a large scale for you to know they would not turn out to be an issue ? Also, why would any investor decide to trust a coin they really do not know what the future holds for than a coin that is already established ?

The demand for bitcoin will keep increasing and unfortunately, no matter how good those coins may be, it would be hard for them to gain that recognition as they will end up being overshadowed anyway.

Well plenty of altcoins have come to the market after bitcoin, also there is no doubt that some of them are far better in features from bitcoin. I bet that we have only less than 10% of coins in the crypto sector, the rest coins will come in future which will be with excellent features than the current coins. The only feature that the alts don't have is that they are not number one. This is a distinguished quality of bitcoin that it was made to be number one and this will keep it always on the top. 

and nevertheless I think that altcoin is of great importance for users who have significantly less financial capital. Therefore, trade and investment altcoin will bring them revenue, as Bitcoin today is quite expensive.

I disagree. If 1 Bitcoin is expensive you can buy 0.01 BTC, it doesn't matter because you still will have some BTC. When Bitcoin was $1,700 a friend of mine told me that if Bitcoin price dropped to $700 again he would buy, but now "it's too expensive". And now we see that he was wrong. Imo it's never too late to buy Bitcoin because its popularity is on the rise and indeed, like the OP said, it means more profit in the future.

[BitcoinNational]

I do agree with you, popularity does dictate bitcoins demand right now because the more popular it is, the more people also wants to invest in bitcoin or buy bitcoin for them to keep or hold on to it for a couple of years for more profit in the future.

This is not totally true. Popularity if making the price go up maybe, but it doesn't dictate anything because people are free in their decissions to buy or sell any asset including bitcoins.

This is a snowball effect, you hear that your neighbour, your sister or even your hairdresser starts buying assets and you see the price of bitcoin and how it went up the last month, so you want to be in too. It's really becoming mainstream and everyone want to have a slice of the cake

[sampalokmix]

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?

Well given the fact that Bitcoin has been popularized in Facebook which is one of the most influential platform nowadays includes lot of people , and it affects so much the price of the Bitcoin since people are trying to invest here which raising its value.

[jakoylantern]

For me, yes when the demand for bitcoin grows the price will also increase. Bitcoin price is becoming expensive, and you can earn or profit more from it. Also, bitcoin is becoming much popular if the will increase rapidly. But if you just mine bitcoin to obtain it, it will become much hard because the competition is getting much harder.

[Kemarit]

For me, yes when the demand for bitcoin grows the price will also increase. Bitcoin price is becoming expensive, and you can earn or profit more from it. Also, bitcoin is becoming much popular if the will increase rapidly. But if you just mine bitcoin to obtain it, it will become much hard because the competition is getting much harder.

Its not that easy to understand that supply and demand really drove bitcoin price to its new heights. But it's better if we understand where this demand is coming from. Right now the demand or the main driver for all of this is all the news about bitcoin future contracts. And because this is a speculative market, most investors are buying because they all want to get a piece of the cheese - profits. So this goes around, cycling and its a continuing process. So if this trend continues obviously the demand rapidly develops and builds up overtime resulting to the price of bitcoin reaching all-time-high again and again.

[Xanxus024]

Yes, basically the higher the demand the value of bitcoin will increase. .Bitcoin is so popular right now so expect the number of user will increase everyday because many people are curious and interested about how bitcoin works when it come to buy and sell.