Bitcoin rises still, but why?

[szpalata]

As far as cryptocurrency is concern, bitcoin is still at the fore-front, it is actually the first cryptocurrency people reckon with and as such, has gained more popularity, which in turn have made investors to invest in large mass. Its rise can be dependent on the said reason, and likewise others.

I guess bitcoin is still on the rise and still forging forward because a lot of people are gaining interest  by the day and are likely going to make the demand of bitcoin increase as they join and so the price will continue to rise until that interest in bitcoin and its demand falls.

[newwest]

Because many countries acknowledge and authorized crypto that's why it continue to grow,we can also say some investor enjoys crypto that why it get grow.

All the day traders or speculators would always love when their is huge swings happening across days so that it gives them a opportunity to make money. Thus this makes them buy/sell frequently and when the price rises people invest more as they think that it may rise further and thus also one of the reason that price keeps rising.

[eann014]

Maybe because bitcoin was the first and pathfinders to altcoin... I think ETH is creating a better alternative

I agree, ETH is the better alternative of all the altcoins out there. I think some investors are investing now with it especially for small investors just like me, I can't affod to buy bitcoin because of its expensive price.

[Cootie]

I think it is because bitcoin is the first cryptocurrency to gain trust from the crypto community and the cryptocurrency that gain trust of most of the crypto people. This event has a great impact to everyone in this community because being the pioneer is a great advancement to the community which is favorable the people here. That's is, i think is the reason why it is still rising, the continuous trust given by people through using it.

[BitcoinPC]

It is rise becasue of bitcoin's demand and it is a crypto currency sometime it will be rise and sometime it will be down, and now it is time of bitcoin back up, becasue bitcoin already crossed $13640 before 2 months ago, but still for a long time bitcoin has stayed in this price. 

[Imnon]

bitcoin rises is the main reason why eth found. both of coins was POW.
hard mining make bitcoin better because it’s like gold few number make it’s price very high.
The quantity supplied will be few and will be affected by the fluctuation in prices, so the demand will increase and likewise the prices will rise. The base operates in all commodities in the world.

Do not forget that we have revolutionary technology and it will work all over the world, meaning that there are more than 6 billion people who can use it.

[Haxor321]

It is still rising and it will continue to rise because there are more supporters Bitcoin has than any other coin. Most of the crypto users hold some amount of BTC in their wallets. Bitcoin has grown so much this year and all of this is because of the new investors investing in Bitcoin these days.
Bitcoin almost doubled last month which shows how much money has flown into Bitcoin and how many coins have been holded by the investors. If people keep buying and holding BTC then it will skyrocket and break all the records.

Bitcoin keep rising until now because it has many investors. Come to think of it, if there are many investors here in Bitcoin surely there will also be many users in Bitcoin and if there are many users here surely, the value of it will increase big. Besides, bitcoin is the most popular cryptocurrency now so wonder it keeps rising.

[Lodipetmalu]

I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.

Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?

If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).

For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more.  It's embarrassing for any crypto to have such a long validation time.

I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.

I think exactly that is keeping the Bitcoin price high.

Comments?

Also posted here: http://rimbit.dk/showthread.php?tid=656

Even bitcoin is now very high in value. It is still continue to rise in value due to increasing number of people got involved on it. Many people attracted abd still a lot  potential customers will invested on it. Becuase of that, price become high.

[Thymoty]

Maybe because bitcoin was the first and pathfinders to altcoin... I think ETH is creating a better alternative

I agree, ETH is the better alternative of all the altcoins out there. I think some investors are investing now with it especially for small investors just like me, I can't affod to buy bitcoin because of its expensive price.

really, Bitcoin's rising prices are turning many new investors into Ethereum, including me who do not want to buy Bitcoin right now because of the overpriced Bitcoin price in my pocket...

[caloy06]

Bitcoins are growing, more and more people known bitcoins and they are seeing the benefits of bitocoin, so more and more people used it, the demand for bitcoins is increasing rapidly and it's prices are rising continuously.

It is true if more people are interested and willing this opportunity it will happen bitcoin value is growing up.Bitcoin lots of benefits its true because bitcoin we can use help someone or group of your family if have a emergency and it can use to payment bills of your bill payment.Bitcoin rises still to increase to increase if more people are interested and believe it.

[Mr.Smithers]

On this forum I have been seeing recently hundreds of thread pages devoted to questions like "bitcoin is growing, but why?" and "bitcoin is falling but why?". Can't you guys decide if it is rising or falling once and for all? At least on one given day?

[CryptoStallion22]

Bitcoin is the most widely accepted Cryptocurrency. The moment more places are going to accept it as a form of payment (and they will) will be the moment Bitcoin really explodes and heads to the moon.
I'm a believer in Bitcoin and think it should reach around $50K by the end of 2018! 

[speem28]

Bitcoins are growing, more and more people known bitcoins and they are seeing the benefits of bitocoin, so more and more people used it, the demand for bitcoins is increasing rapidly and it's prices are rising continuously.

That is one of the reason why bitcoin is still the most dominant coin amongst all other out there. It is the first one that people recognized and trusted so the way we value it is different than Ethereum. Another thing is that it had gained more popularity than Ethereum even if it has a different concept and features than Eth. But as of now, we can see that Ethereum is slowly rising in price amd we could expect that it could be a lot better for it this year.

[icecream sandwich]

I have been wondering for a long time why Bitcoin is still rising in value. Ethereum has a better blockchain, but can't follow the pace of Bitcoin.

Bitcoin is also polluting the environment with the PoW algorithm using too much energy for mining. So there is many arguments NOT to use Bitcoin, but why do we still do it?

If you want to trade altcoins on exchanges you almost always trade against Bitcoin instead of USD (or USD Teather). So you NEED to have Bitcoin. I know that more exchanges allow trading against Ethereum and others, but still the most popular marked is BTC/XXX (where xxx is any given coin).

For me it is clear that this has to change to stop the rise in Bitcoin. I think most of us is tired of the long confirmation time in the Bitcoin block chain that can take up to an hour or more.  It's embarrassing for any crypto to have such a long validation time.

I therefore hope that exchanges will adapt USD as the standard measure and stop having Bitcoin/Altcoin pairs.... it will probably not happen. I'm just saying what I would like to see.

I think exactly that is keeping the Bitcoin price high.

Comments?

Also posted here: http://rimbit.dk/showthread.php?tid=656

I think they still rises because the people still have their trust in them. Especiallythose people who doesn't know bitcoins that mich they only know that bitcoins is the best coins that are existing. Because it is hard to take away the trust that are build to bitcoins because they do no have yet another coin to trust in today but i also suggest ethereum Because if what you say. We need to conserve a lot of wnergy these days.

[Mandoy]

On this forum I have been seeing recently hundreds of thread pages devoted to questions like "bitcoin is growing, but why?" and "bitcoin is falling but why?". Can't you guys decide if it is rising or falling once and for all? At least on one given day?

Thousands of bitcoin users are joining everyday and they jumped in without understanding how it works and how the market works. Due to this, this forum will continuously see this kind of posts since newbies are popping out like mushrooms with the same questions. But this is good for the cryptocurrency community and let us cheer for that.

[majest3]

Bitcoin is seen as a store of wealth, digital gold and for that reason people will continue to hodl it, even with the extremely high transaction fee's. It's a mind set that will take some time to break.

[freakingcat]

Because people invest in it, that's why.

[boboking]

Bitcoin still rises because people are continues to buy it. As long as people are interested in buying it it will continue to rise.

[icanscript]

Bitcoin is the first! Popularization through mining, in the early years, has led to the growth of investors now. The uniqueness of its code has not yet been fully appreciated.

[mOgliE]

Hi,

Indeed if you consider technical issues, bitcoin is lagging behind. Some of these issues are linked to the fact that bitcoin is the best-known alt coin, so of course, it gathers more users. I am not a technical expert, but I would say that many alt coins would face the very same problems if they were as popular as btc.

What you call for is actually understandable, but I think this won't happen. Not because of any kind of conspiracy or technical limitation, but just because bitcoin is the emblem of all crypto currencies. It was the "first", it is THE historic crypto money.

You can't get rid of a symbol. If bitcoin was to be replaced, I think the community would see many members leaving..