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aditya6997 (OP)
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March 22, 2018, 05:43:17 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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mahilchii
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Activity: 560
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March 22, 2018, 05:48:36 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
Bitcoin has high price because the demand for it is very high. Normally for anything which has high demand has high price. Not only the demand, the popularity, technology and usage drives this crypto price higher and higher every day. As you said Bitcoin price is high but as of now the price is low compared to the last year high price it achieved. |
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kyucryp
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CAT.EX Exchange
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March 22, 2018, 06:01:15 AM |
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all the price increases, including bitcoin caused by the demand (demand) is greater than the amount of supply (supply), the investors who began to believe with cryptocurrency and the legality of bitcoin in some major countries to make the higher the bitcoin price.
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amih
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March 22, 2018, 06:05:07 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
the answer is quite simple: on the economic principle of trade is when bitcoin prices increase, it means the amount between bitcoin supplies is less than the market demand for bitcoin. besides that it causes very many investors to invest in bitcoin because bitcoin can be trusted as a form of investment that has great potential for the future and of course this is seen from some advantages possessed by bitcoin. |
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Idrisu
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March 22, 2018, 06:24:25 AM |
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The demand is very high and it is forces of demand and supply that determines the price. Many people has started to be aware of bitcoin and other crypto currencies since last year and many people see that bitcoin provide opportunities for one to make quick money through investment and since they buying the price keep increasing.
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BigBos
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March 22, 2018, 06:30:59 AM |
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demand from its users, making bitcoin prices high. in addition, many bitcoin functions that make bitcoin have a very high price. and most likely, the price will be higher, because many countries have been interested in blockchain technology.
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fiulpro
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March 22, 2018, 06:38:09 AM |
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It's not even high...
It's very close to 6 lakhs and..that's nowhere near high ..
It's just recovering from...the sudden shock it got from high number of whales selling out the bitcoins and encashing them.
It will recover more in the coming days ..
It's just starting to recover ...not recovering fast !
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Ararbermas
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March 22, 2018, 06:39:30 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
mass adaption is the specific reason why the price always rocketed which is due to the demands and supply that can make the growth rate increase in the market . In short if there's massive demand in the market the price will grow and it will plunges if more holders dump and covert it into another alt and etc. |
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samcrypto
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Vave.com - Crypto Casino
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March 22, 2018, 06:43:19 AM |
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Well a lot of good things happened last year and I think its too late to know the reason why maybe we should focus more on the current trend. Btc is a good coin and deserve its price right now, but it seems like the market are still preparing for something big so I expect higher value of bitcoin at the end of 2018.
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nik009
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March 22, 2018, 07:13:47 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
The popularity of bitcoin is growing, a lot of advertising, on television too, people are interested and investing. More and more countries legalize bitcoin. this is just the beginning of a high price  |
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yugyug
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March 22, 2018, 07:39:14 AM |
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According to the law of economics of supply and demand, when the demand is high and the supply is low or limited then the price is high. So this is what happen to the price of bitcoin because of the demand it was triggered last year when the Japan Government serve bitcoin as a legal tender to their country. Then it reached almost 20k USD all time high on December 2017, even if the value drop from 20k down to 8k this month it is still quite high compared to last year's price with the same month.
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diva.man
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March 22, 2018, 07:41:44 AM |
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The characteristics of bitcoin decentralization and the fixed amount of money are a good counter to the domestic inflation problem. People know BTC through the Internet.
However, there are some risks in virtual currencies such as bitcoin, but there are still many users who participate in bitcoin and cause the price of BTC to rise!
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murgorx
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March 22, 2018, 07:46:34 AM |
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The characteristics of bitcoin decentralization and the fixed amount of money are a good counter to the domestic inflation problem. People know BTC through the Internet.
However, there are some risks in virtual currencies such as bitcoin, but there are still many users who participate in bitcoin and cause the price of BTC to rise!
Ye, wait until they implement the Lightning Network and you will say Bye-bye to the decentralization  Bitcoin was made against the banks and now it's slowly turning into one! The price may dump and soon there would be another top1 currency imo. We will see ofc how it would play out, though. |
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rizkyhiw
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March 22, 2018, 08:12:34 AM |
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The most important that bitcoin has the highest price of other coins is the amount that adopts a large amount of bitcoin in a time that is fast enough for me, there is also a large open mining company in every developed country is also a plus for bitcoin, a very active market the increasing amount of bitcoin in every country until it becomes a legitimate means of payment, it becomes a reliable value for a country that legalizes bitcoin, believing that it can lift the people's economy as well as the country are all positive bitcoin sides today.
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kanayaTabitha
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March 22, 2018, 08:18:32 AM |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
for now is unpredictable because bitcoin prices are influenced by global markets where demand is more during winter. so far I have seen from 3 years ago bitcoin prices always increase during the middle of the year until the end of the year. |
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boyknightvn
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March 22, 2018, 08:20:34 AM |
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I think because the appearance of ICO coin so the demand is higher and its potential development make BTC have a high price
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Kidmat
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March 22, 2018, 08:22:35 AM |
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demand from its users, making bitcoin prices high. in addition, many bitcoin functions that make bitcoin have a very high price. and most likely, the price will be higher, because many countries have been interested in blockchain technology.
We all know once their is demand the value increases, the users are into buying bitcoin. It increases the value daily the market is very active and changing it's price. Yes, many people becomes interested in this technology because we think of the profit that we can have. |
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zhanghoqi5
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March 22, 2018, 08:25:37 AM |
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Because of the huge space of daydream, bitcoin is a huge controversy, so it shows that the fluctuation range of far more than other investment products, naturally suitable for hot money speculation.
The bitcoin market does not need to be leveraged, and it can be several or even dozens of times more profitable than the volatility of the bitcoin itself.
Prices go up because there are so many people investing.
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DJCanh
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March 22, 2018, 08:28:33 AM |
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There can be a lot of theory
Because BTC is first
Mystery of Satoshi
Popularity
Etc...
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Somratbd
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March 22, 2018, 09:14:47 AM |
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Bitcoin has high prices because bitcoin is the cheapest bidet in the Bitcoin crypto currency. Last year, Bitcoin's value was $ 5000. At present, bitcoin is worth $ 8500. I believe that in the end of 2019, Bitcoin will be worth $ 20000 bitcoin inventions result in people's benefits. Therefore, the price of Bitcoin will move towards higher level.
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