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Author Topic: Why Does BTC growing faster??  (Read 868 times)
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October 28, 2021, 04:45:36 PM
 #41

In my opinion, one of the factors that causes bitcoin to grow faster is because Bitcoin is considered a safe-haven asset against market volatility and inflation. And of course bitcoin as the king of cryptocurrencies has a limited supply. The significant increase in the price of Bitcoin has continued since the deep correction occurred during last September.
In addition, bitcoin has a unique blockchain technology that is more secured compared to any other crypto coins. So the act of stealing your bitcoin is less likely to happen. You will have more courage to earn more bitcoin and save it in your own bank wherein only you can access your bitcoin.

However, bitcoin is growing faster because its not only used as an investment today but its now more of a currency that is used to pay goods and services in countries that bitcoin is already adopted. So the higher adoption bitcoin has, the bigger its value will be. And as long as there is continuous demand for bitcoin, it will never fail to grow its value consistently.

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October 28, 2021, 05:08:16 PM
 #42

Why does btc growing faster than other Cryptocurrencies?
"Bitcoin is an innovative payment network and a new kind of money." This is the first post when you go to the bitcoin.org site and can explain why people believe in bitcoin where you no longer need to rely on banks just to make cross-border transaction "between countries". Yes because bitcoin is a new decentralized currency with various advantage and feature available. You can take good care of your financial privacy even when you have thousand of bitcoin in your wallet.


Quote
What makes people chooses bitcoin?
Trust, profit, full control over finances without centralized authority and decentralized. Bitcoin is a coin that belongs to the category of mean of payment along with several other altcoin so that its use is not only focused on one thing, such as investing and trading.


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Does bitcoin going up forever?
No, if you know that the price of bitcoin can go up then you should also know that the price of bitcoin can still go down. Price will not go up forever because price are determined by the demand and supply of trader or investor and that causes volatility that is hard to get rid of.

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October 28, 2021, 05:16:17 PM
 #43



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?



Bitcoin is leading the market and people trust bitcoin more than other crypto currency. It is the most well known crypto currency among the people and it has different usages all over the world. At this current stage, Bitcoin is a great investment too. It's normal to rise the price of Bitcoin now.
Yes, the official headquarters of companies always have more roles and responsibilities and the main base here is bitcoin, it gathers the biggest shareholders and holds the most power while other facilities are just splits from major shareholders and part users, it only takes on a few basic roles and challenges new features, in general, can go bankrupt when unfavorable while bitcoin will be protected as a last shield. However, as a place of tradition and few new features, the advantage of bitcoin is only long-term, not to be called a rapid increase and also unlikely to forever increase.

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October 28, 2021, 09:53:46 PM
Merited by JayJuanGee (1)
 #44

Btc is not growing faster like other currencies. But it’s growing slowly and super potential. Other currencies grow faster and suddenly dump and can not grow again. In this case btc is totally different. It grows slow and always making new ATH after making some correction for why people love it than other.
Yeah, I cannot find any other currency which is having speculative purpose like how bitcoin is having. This must be unique property of bitcoin because bitcoin alone having limited supply (all other currencies can be printed at wish). Basically bitcoin is combination of currency and gold which means you can send gold from one country to another country in seconds and also you can save a currency which may grow at least 10x every four years. So, there will be no wonder why bitcoin is being most attractive investment opportunity among investors; being attractive investment will obviously grow faster.
Not all coins have unlimited supply, there are some with limited supply as well, some with super high limits, some with very low, but not all of them are unlimited. Probably the most known ones are unlimited, which is why it is obvious bitcoin has a lot better outcome in the long run, allows it to be limited not just in supply but on future purposes as well. I believe people are now realizing that eventually there will be more and more people who buy and hold, which will mean that since it is limited, there will be less available to buy.

This is simple math, the more you take out, the less there is. Imagine a well, people take a bucket of water out of it, and there is now less water in the well, people take out another bucket and now there is even less, eventually people will fight to get a bucket since there is very little left. That is the path bitcoin is on right now.

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October 28, 2021, 11:56:23 PM
 #45



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?



They would always come after with the main cryptocurrency which is Bitcoin but you could also consider alts as well.Its a personal choice.

When it comes to demand then this is subjective and it could changed over time because nothing do last forever because everything will
vary on interest.

It cant be called a market if it does have that rising up price like forever but of course we can talk about potential.

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October 29, 2021, 05:48:23 PM
Last edit: November 01, 2021, 03:56:14 PM by Silberman
Merited by JayJuanGee (1)
 #46

Btc is not growing faster like other currencies. But it’s growing slowly and super potential. Other currencies grow faster and suddenly dump and can not grow again. In this case btc is totally different. It grows slow and always making new ATH after making some correction for why people love it than other.
Yeah, I cannot find any other currency which is having speculative purpose like how bitcoin is having. This must be unique property of bitcoin because bitcoin alone having limited supply (all other currencies can be printed at wish). Basically bitcoin is combination of currency and gold which means you can send gold from one country to another country in seconds and also you can save a currency which may grow at least 10x every four years. So, there will be no wonder why bitcoin is being most attractive investment opportunity among investors; being attractive investment will obviously grow faster.
That is what makes bitcoin so marvelous, gold is great and it was the main form of money for thousands of years, however we cannot use gold in the modern economy in which the majority of the money and transactions are digital, the only way for this to happen will be by having a digital currency backed by gold, but we know that then governments will just stop backing that currency and we will be back with fiat once again, bitcoin combines the best of both worlds and that is why it will eventually impose itself over those two options.
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October 29, 2021, 07:23:06 PM
 #47

Why does btc growing faster than other Cryptocurrencies?
The answer is your second question. Yeah, people choose bitcoin hence it is growing over time. People choose it because of the innovation and conveniences it has brought to us. Moreover, bitcoin is not growing faster but it grows for reason. If it grow faster without enough adapters then it may get into bubble regions and from there it may burst at any time.

What makes people chooses bitcoin?
There must be 2 prime reasons for most people who invest only with bitcoins:
1. It is growing faster hence it becomes obvious choice for the people who follow trend simply.
2. Smart investors will do their own due diligence and bitcoin got all reasons to satisfy them.

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October 29, 2021, 07:55:03 PM
 #48

Why does btc growing faster than other Cryptocurrencies?
The answer is your second question. Yeah, people choose bitcoin hence it is growing over time. People choose it because of the innovation and conveniences it has brought to us. Moreover, bitcoin is not growing faster but it grows for reason. If it grow faster without enough adapters then it may get into bubble regions and from there it may burst at any time.

What makes people chooses bitcoin?
There must be 2 prime reasons for most people who invest only with bitcoins:
1. It is growing faster hence it becomes obvious choice for the people who follow trend simply.
2. Smart investors will do their own due diligence and bitcoin got all reasons to satisfy them.
Well, bitcoin will always be the king of crypto so it deserves to be more patronized and well acknowledged as the best investment in crypto. No one will argue about that because its adoption itself will tell it all. And since it has a growing adoption these days, so its value too will never settle for a lower price but to stay up all the time and gets even higher every year.  With bitcoin, there's no doubt that it comes to satisfy all its investors, except for those weak hands who easily leave the market whenever there are hints that bitcoin price will drop. As long as volatility exists, bitcoin will always experience its bullish and bearish trend.
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October 30, 2021, 04:51:03 PM
 #49

BTC is the most popular digital currency right now, not only this, its considered as the most secured digital assets ever created, its value grows faster over the years and even legalized by some countries, this is only some of the reasons why btc is growing really fast. 
Besides being popular, bitcoin is the first digital currency and also the king of crypto because bitcoin is a king who is considered trusted and also becomes an invincible ruler because of his strength.
A king or leader is usually more known to many people than his subordinates, I mean most people only know digital currency is bitcoin compared to his subordinate coins for ordinary people and that is one of the things that makes bitcoin thrive.
bitcoin is the best coin and more profitable in return among other coins and many other reasons why bitcoin is growing faster.

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October 30, 2021, 05:54:14 PM
 #50

There must be 2 prime reasons for most people who invest only with bitcoins:
1. It is growing faster hence it becomes obvious choice for the people who follow trend simply.
2. Smart investors will do their own due diligence and bitcoin got all reasons to satisfy them.
Agree. Most investors will fall within these two category.

Investors who are already having prior experiences on investing with stocks/bonds may still follow what is currently trending or might look into what is highly returning for their capital. I am sure this year bitcoin must be the top opportunity to attract such investors.

The second category must be trying to study bitcoin and its investment property before risking with it and like you have mentioned that bitcoin definitely got all the answers to convince them to get start with bitcoin. Bitcoin is going to enter its 12th year which must be an enough reason for anyone to start investing with it.
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October 30, 2021, 08:15:11 PM
 #51

people are so familiar with the journey of bitcoin, and what makes bitcoin people's choice is also based on the low level of risk caused
Yes, bitcoin must be having low risk than any other cryptocurrency which must be due to its longer existence. Basically when more people are investing and trading then obviously bitcoin will have better chances to keep appreciating and that is what exactly all the investors are expecting. So, people invest and they do invest because they make profits which again leads new people to choose bitcoin by leaving off all other coins.

In my first 2 years of crypto life I was holding only bitcoins until I start participating bounty programs and also some signature campaigns paid me tokens along with BTC payments. I mention this because there would have been chances for me to remain a holder of only bitcoin and I am sure many people must be doing that by this time as well.

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October 31, 2021, 08:46:57 AM
 #52

BTC is the most popular digital currency right now, not only this, its considered as the most secured digital assets ever created, its value grows faster over the years and even legalized by some countries, this is only some of the reasons why btc is growing really fast. 
In addition bitcoin is growing rapidly due to it's values to the societies currently, before it was regardless but it speaks about itself base on the massive adoption of it, most especially while is getting elevated every month is because of those official companies that enroll their investment  lines with bitcoin with trust, so the awareness is attracting people to demand about it in different dimensions of the country, so those countries that legalize it's adoption as a legal tender is one of the major objectives i can as well said it's the reason bitcoin is dominating and in the same vein moving so fast to secure it's future obligation.

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October 31, 2021, 12:10:04 PM
 #53

~
In addition bitcoin is growing rapidly due to it's values to the societies currently, before it was regardless but it speaks about itself base on the massive adoption of it, most especially while is getting elevated every month is because of those official companies that enroll their investment  lines with bitcoin with trust, so the awareness is attracting people to demand about it in different dimensions of the country, so those countries that legalize it's adoption as a legal tender is one of the major objectives i can as well said it's the reason bitcoin is dominating and in the same vein moving so fast to secure it's future obligation.
There is growth in the overall adoption of BTCitcoin and it is not surprising, but i do not think that El Salvador using BTCitcoin as a legal tender is the reason for the rally, it is a feel good story but i am yet to see the practicability where majority start using BTCitcoin as a legal tender on a daily basis. The major reason for the rally is institutional investors investing heavily in the market, if not we will not be talking about $60k in 2021.
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October 31, 2021, 02:26:24 PM
 #54

people are so familiar with the journey of bitcoin, and what makes bitcoin people's choice is also based on the low level of risk caused
Yes, bitcoin must be having low risk than any other cryptocurrency which must be due to its longer existence. Basically when more people are investing and trading then obviously bitcoin will have better chances to keep appreciating and that is what exactly all the investors are expecting. So, people invest and they do invest because they make profits which again leads new people to choose bitcoin by leaving off all other coins.

In my first 2 years of crypto life I was holding only bitcoins until I start participating bounty programs and also some signature campaigns paid me tokens along with BTC payments. I mention this because there would have been chances for me to remain a holder of only bitcoin and I am sure many people must be doing that by this time as well.

Many people make Bitcoin their main asset compared to other coins, this ultimately makes Bitcoin grow fast, because many people invest in Bitcoin.
Since the beginning Bitcoin has always dominated the market,  because of the popularity of Bitcoin number one in the crypto world. That finally
makes most newbies who are new to cryptocurrencies, usually make Bitcoin the first coin they buy. The risk of investing in Bitcoin is indeed
the lowest compared to other coins, and the demand for Bitcoin is very high, no wonder many institutions are starting to entrust Bitcoin as
a long-term investment.

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October 31, 2021, 03:39:01 PM
 #55

~
In addition bitcoin is growing rapidly due to it's values to the societies currently, before it was regardless but it speaks about itself base on the massive adoption of it, most especially while is getting elevated every month is because of those official companies that enroll their investment  lines with bitcoin with trust, so the awareness is attracting people to demand about it in different dimensions of the country, so those countries that legalize it's adoption as a legal tender is one of the major objectives i can as well said it's the reason bitcoin is dominating and in the same vein moving so fast to secure it's future obligation.
There is growth in the overall adoption of BTCitcoin and it is not surprising, but i do not think that El Salvador using BTCitcoin as a legal tender is the reason for the rally, it is a feel good story but i am yet to see the practicability where majority start using BTCitcoin as a legal tender on a daily basis. The major reason for the rally is institutional investors investing heavily in the market, if not we will not be talking about $60k in 2021.
That growth has now started to penetrate big businesses such as institutional companies that stick to their investments in bitcoin so this is the growth and adoption that it is today, actually with the coming of the rally there are many reasons with the trend position and also adoption with and this big company allows investors other investors also put their money in bitcoin so that the demand for more bitcoins is getting higher as for other matters but the trend is still a lot of rallies.
The price is sure to stay at $60k while it's still bottom and we'll see a jump at $70-80k later.

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November 01, 2021, 07:46:27 PM
 #56



Why does btc growing faster than other Cryptocurrencies?

What makes people chooses bitcoin?

Does bitcoin going up forever?



There are many reasons that make people trust bitcoin more than any other coin, bitcoin is the first coin to appear into cryptocurrency, so people are so familiar with the journey of bitcoin, and what makes bitcoin people's choice is also based on the low level of risk caused, even though the purchase price for one bitcoin is the highest price today and in the year ahead.
Another reason why people trust more in bitcoin has to do with satoshi, in the case of the majority of the other coins we know how the developers are and in many cases you can see they took some decisions that for the most part benefit themselves and this does not play well for the reputation of their developers and the coin itself, in the case of bitcoin and satoshi he always did everything for the sake of bitcoin and the community, to the point he left and never cameback when it was best for the community for him to do so while never moving his coins and the fortune he has with them.
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November 01, 2021, 08:34:25 PM
 #57

Bitcoin value grow faster just because are more people adopting it on a daily basis and that make the demand curve higher than the supply curve. Bitcoin price will continue to grow because as more people adopting it the higher its market value because Bitcoin supply is limited and that alone is a strong sign that it will continue to grow. Why people believe in Bitcoin as compared to others is because of the people has for Bitcoin.
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November 01, 2021, 09:30:54 PM
 #58

Bitcoin value grow faster just because are more people adopting it on a daily basis and that make the demand curve higher than the supply curve. Bitcoin price will continue to grow because as more people adopting it the higher its market value because Bitcoin supply is limited and that alone is a strong sign that it will continue to grow. Why people believe in Bitcoin as compared to others is because of the people has for Bitcoin.
Yes. Bitcoin is growing faster than any other crypto coins because its demand as an investment and as a currency has always getting higher from time to time. And since its the most popular cryptocurrency for now, its not surprising that most of the investors prioritize bitcoin than any other crypto coin not just of its high value, but more on its demand having a real usage in a man's life. But one thing is certain with bitcoin, it will not always goes up since it has high volatility that any time we can see it pumping or even dumping its value in times when we least expect it.

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November 01, 2021, 10:54:17 PM
 #59

Bitcoin is growing fast these days because people have finally realized fiat currencies are a trap which drain their purchasing power along the time. Traditional investments aren't so attractive also, because there is some uncertainty in the air about the global economy in general. On the other hand, bitcoin looks great, as it has a futuristic vibe which opened the doors for the development of the financial system while respecting the individual privacy of the adopters (at least in its essence, although we know centralized institutions do what they can to change this characteristic of bitcoin).

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November 02, 2021, 03:47:07 PM
 #60

Bitcoin is growing fast these days because people have finally realized fiat currencies are a trap which drain their purchasing power along the time. Traditional investments aren't so attractive also, because there is some uncertainty in the air about the global economy in general. On the other hand, bitcoin looks great, as it has a futuristic vibe which opened the doors for the development of the financial system while respecting the individual privacy of the adopters (at least in its essence, although we know centralized institutions do what they can to change this characteristic of bitcoin).
In addition, the significant growth of bitcoin can certainly have a systematic impact on the global financial system, because crypto, especially bitcoin, has developed rapidly and is starting to be connected to the traditional financial system today, and now many people are starting to realize that investing in bitcoin is clearly more profitable because bitcoin is indeed has a fluctuating nature compared to other investment assets such as shares, securities and so on. In addition, the current development of financial technology also encourages bitcoin to grow rapidly because many traditional banking industries have begun to adopt the blockchain system to make it easier for their customers.

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