popularity of bitcoin dictates demand, means more profit

[Flexibit]

Since the prices goes high in rapid speed, people who don't even know bitcoin suddenly joins in. Like a bandwagon effect. They just enter even if they don't fully know about it. Yet they expect high returns.

[paul00]

I agree with you. I guess bitcoins increasing user is a factors for current events in bitcoin. I think bitcoin has been continuously having this fluctuating but rising trend due to the demands of the user that it has. More people are becoming aware of the opportunity that bitcoin offers that’s why more are also being encourage to join the community.

[johnalyn]

I also agree that the bitcoins price is dectates by the demand of his user and I think it will sure grow everyday like what I'm doing I keep myself share also my knowledge to know by the people that want to learn bitcoin to also add them to bitcoins demand.

[chuongvannguyen02]

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 you are thinking it is more common to think that the value of bitcoin is increasing, the value of bitcoin depends on sea level as well as on trading volume.

[staywoke081]

There is some speculation sure but I think supply and demand is overlooked. There are tens of thousands of people entering the crypto space everyday whether that be seriously or for fun but nonetheless. And then on the flip side you have only hundreds of btc created in a day what do you think will happen? Simple supply and demand laws will tell you that the price has to go up given demand and that seems like massive demand to me.

[Ranly123]

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?

That is more or less correct since the law of economics say about supply and demand. As of today bitcoins popularity is very high then many people are curious about it and tend to invest in it. This means the meaman rise with the supply of bitcoin remains the same and that would affect the pricing og bitcoin. The more people invest on btc the more probability that ir would rise in price.

[BTCeminjas]

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.

I agreed with this, yes by popularization of bitcoin and the price high value people attractive with this. The more people invested in bitcoin it come less supply of bitcoin or low demand and it makes bitcoin expensive in crypto market cap. Nowadays if still continued people adopting bitcoin the price also going high.

[Drixy]

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?

Normally the people using bitcoin is the one that manipulates the value or price. The more users means the more value added unto bitcoin. So gaining popularity could get bitcoin a much larger value and even though there was a correction it manage to settle at $17000+.

[Bonakid]

The demand of it depends on the investors and users of bitcoin,Gaining the popularity of crypto because for now we are engaging in new technology digital currency must attached with us.More investors and users more profit to gain and make our money double.

[kevpantof]

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.

[olushakes]

Since the prices goes high in rapid speed, people who don't even know bitcoin suddenly joins in. Like a bandwagon effect. They just enter even if they don't fully know about it. Yet they expect high returns.

And that is exactly what is happening. A lot of times what bitcoin price needs is the push and others will follow and those other people have the attitude to drag some other people along with them which then increase the price of bitcoin in a large way. It will be better if the reason of increase in the price of bitcoin is adoption of it by multinationals or government rather than this where its just people coming to put money in with the hope that by next week, it would touch $20,000.

[btc-facebook]

Bitcoin is unique money and people on this digital era really interest on this , that's why we can see bitcoin grow so fast recently.
I'm sure bitcoin will grow even more in the future as more people aware and start to invest bitcoin as well !

[okala]

Bitcoin is becoming more popular and many mainstream media have started to promoting bitcoin especially a the social medias. I was having seeing bitcoin sign on CNN the days before yesterday and was happy see that happened at this time when many countries are trying to ban bitcoin. The demand will keep pushing bitcoin price upward and one has to buy now.

[Betwrong]

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.

Although it's impossible to say an exact number we can make estimations using our observations. Count up how many of your neighbors use Bitcoin. Count up how many of your co-workers and your friends are using it. Thus you'll have an idea on what percentage of ordinary people are using Bitcoin today. I'm sure, regardless of the place, the number will be much lower than 10%, which means Bitcoin can rise ten times, at least, in the future.

[JacLuck]

Indeed this is because of o fix supply we have on bitcoin, the popularity can drive more prospect investors and the supply decrease as they buy or invest and so the price go up

[romeitaly]

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, that is obviously huge profit that is a result of the increase on its msrket value. Bitcoin is becoming more expensive as time passes by and it gives huge profit to its investors and users. The demand is also getting higher now that more people are interested to the profit that most of is users are getting and that is the effect of the increase on its value.

[squidiot438]

Do you guys think bitcoin will still increase its market value by the start of 2018? I am new in bitcoin, and I think I am late in investing to it.

[nobody-]

Indeed this is because of o fix supply we have on bitcoin, the popularity can drive more prospect investors and the supply decrease as they buy or invest and so the price go up

Exactly. That's how markets works. So it is best to buy as much bitcoin as you can because the only way bitcoin's price is going is up. What we consider "high" as of this moment will be considered as "low" in the future. When bitcoin's price start hitting the $100k mark.

[SilverChromia]

A lot of more people who invest in this bitcoins will have a high expactation of profits and the end. Well we know the potential of this coins to increase its value on the market in short time and that will be cause more popularity in very part of the world.

[Ewox]

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.