Bitcoin rises still, but why?

[xJuturna]

I'm pretty confident that BTC is rising in popularity and spreading throughout social media like wild fire. There's been a huge influx of social media advertisements and just ads in general related to cryptocurrency bringing new people into the scene. I can't really see an end to this uptrend as it will continue to spread for quite a while. This is a very interesting time for bitcoin as the potential for growth in a short span of time is huge. I'm very interested to see where we will be in the next 6-12 months, hopefully it will continue to rise as it is bound to drop at some point once things settle down.

[1715105225]

1715105225

[1715105225]

1715105225

[perthe.upor]

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.

as long as the demand is increasing like this, price will keep on increasing. no surprise.

[LastJedi]

It's because BTC was the first.

Ethereum is what has risen coming of it.
Think of it like this is what Ethereum will be known as
https://bitgiftshop.com/product/vitalik-jesus-all-over-t-shirt-blue/

[Kiki Rusma]

the opinion of the crowd, if bitcoin to date gives the advantage of why it should be removed, but also bitcoin has been running for so long with a very slick system, so bitcoin is always highest than the others.

[Nawaytes]

Bitcoin price rising in this time due to the popularity of bitcoin self, and so many hype now. You can see and no need technical analysis for this, lots of people turning into hypebeast and buy bitcoin massively although these people do not know about bitcoin and cryptocurrency. That's why the bitcoin price keeps going up.

[Lannie25]

Because bitcoin provides excellent quality service to their customer; with this they show to the public that they know how to value every customer,
which can gives them good feedback and recommendation that can increase the demand of bitcoin in the market.

[Jombrangs]

I think the best reason behind why bitcoin is still on the top because they know what the needs of their market are.
They know how to adopt and improve themselves in order to provide  a excellent quality service from this many investors are trust and loves which leads them to become number one.

[roberthus]

Well precisely because those who manage these pools, usually charge a commission every time one of the miners "affiliated with the cooperative" wants to send their income to their portfolio. That commission varies according to each pool, and also depending on the amount you want to transfer after mining days. I think maybe this kind of demand for one of the main reasons

[lance04]

It a great thing that you see the bitcoins in crypotocurrency is dominating.
The reason behind why the bitcoin is rising up because of their strategy that focusing on how to satisfy the demands of the investor through this they can be able to get a huge demands that will support their services.

[gerardopp1969]

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.

[zolfa]

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.

a good statement, and I agree with you.bitcoin always makes everyone confused and disbelieving. within a few months bitcoin was able to reach a value of $ 18000 more, but today is still down.
and I'm sure, more people will invest in bitcoin, so bitcoin will increase.

[dx_twisted]

Like what you have pointed out, BTC will stay dominant because it pioneered and make way for other Cryptocurrencies. Ethereum and other Altcoins was been developed not to compete with Bitcoin, but to improve what it started. Creating new technologies that gives us other options what Bitcoin might be lacking of. The new ones such as BCC are the one trying to compete. Because it created a hype that causes fear to the public that Bitcoin might be down for good. Which I think work out, due to its current market value as evidence. However, there is no coin up to date that can surpass BTC market value. It only shows that even there are other options to start investing in this digital economy, people will stay loyal with Bitcoins, through ups and downs, it will continue to rise up.

[uartasic]

I concur with other views of it being the first in Crypto, but the elephant in the room is, that Bitcoin is an asset class/ store of value dare i say like gold bullion.

You invest in gold for the future and to store in your portfolio should you require it at a later date.

When you cash out your gold, sure you need to take it out the safe, call the mint then line up then pay a fee to convert the gold to fiat.

On the other hand you can just walk up to an ATM and draw out the same money a lot faster and buy what you want in an instant.

Its the new gold for the public at large and a store of value for us <100k block height miners / investors long time holders.

Although that is not what Satoshi wanted it has become the default store of value globally.

Its in demand and by a wider community now than 3-4 years ago where it was purely the domain of the programmer / dev /pc nerd.

Its demand wont stop, sure it might wane with the FUD out there but it has by far the most believers in the crypto world.

Belief in Bitcoin is a powerful thing, without it we wouldnt be having this forum or this discussion and it would have disappeared with the EverQuest Platinum of years gone by.

[MisterPrada]

Someone remember the pizza billboard?

That pizza is now worth 21.5 million LOL

Shit's ridiculous and I love it.

[TheWinnerBro]

I think the reason why bitcoin rising it is because of rising community of bitcoin user also it become popular in many country. Therefore bitcoin will still rise even there are fluctuating in price, also because of the rising value of bitcoin many people is become much interested to it.

[Fire316]

         Bitcoin will stay dominant because it pioneered and make way for other Cryptocurrencies. Ethereum and other Altcoins was been developed not to compete with Bitcoin, but to improve what it started. Creating new technologies help to boost up the bitcoin. And i think bitcoin also still rise because of a higher demand in different countries.

[mabell943]

Many people questioning the excellence of bitcoins in our industry.  In fact they are still number one and successful along its journey in cryptocurrency. 
The reason behind why they are still number one and rising so high is because of they are flexible and always innovates their system in order to meet and achieve all demands of their investors. 
The bitcoin always focus not on profit but on how to satisfy each demands in order to have a good feedbacks.

[btcluisdiki]

Many people questioning the excellence of bitcoins in our industry.  In fact they are still number one and successful along its journey in cryptocurrency. 
The reason behind why they are still number one and rising so high is because of they are flexible and always innovates their system in order to meet and achieve all demands of their investors. 
The bitcoin always focus not on profit but on how to satisfy each demands in order to have a good feedbacks.

Why bitcoin is still rising, its because it is distributed worldwide decentralized digital internet money and because of its phenomenal rise, more and more people are investing to bitcoin. Probably the high demand for bitcoin mainly contributed to the rise of this cryptocurrency.

[Mjeramirez]

Yes, and bitcoin will continue to rise for the years to come, I think the reason for that is that bitcoin has not yet reached it's market, today only about 10% of internet users knows or used bitcoin, this suggest that bitcoin has so much room for expansion, and with fix amount of bitcoins in circulation, an increase in demand means increase in price.

[Webberson]

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 than other cryptos, which has made investors to invest in large mass.
Its rise can be dependent on the said reason, and likewise others.