How Bitcoin manage to grow over time?

[CryptoHeadlineNews]

Aside from market DEMAND, there are also several key factors affect Bitcoin price over the years namely:

• The supply of Bitcoin
• The cost of producing a bitcoin through the mining process
• The number of competing cryptocurrencies
• Regulations governing its sale and use
• Media and news

Of course demand actually has a role to play in the price movement of Bitcoin, because I got to understand that the price of Bitcoin is inversely proportional to it's demand, that is, the higher the demand, the higher it's price increases in other to allow only those who could afford it get. And likewise government policies just in the case of Russia which was restricted from all international trades, social media hype and news. All these play a big role to the price of BTC

[1715142960]

1715142960

[1715142960]

1715142960

[1715142960]

1715142960

[1715142960]

1715142960

[1715142960]

1715142960

[1715142960]

1715142960

[amishmanish]

Its the simplicity and safety that block chain transactions can provide over the fiat which became the prime reason why bitcoin kept on rising and why we say to hodl it as it will rise further.
Blockchain technology can create digital contracts which can allow for  use of distributed ledger system making it a decentralized currency, Thus creating a better alternative to fiat currencies. All these advantages make bitcoin a truly safe and meaningful digital currency. Thus as the adoption increased its value too zoomed.

[Jody.Drummer]

And as the time passes by, more people come to know about Bitcoins and therefore increasing the demand to buy it.
Hence when the demand of the coin increases, more people try to buy it in exchanges and therefore, the price rises.

Is it that simple?
More precisely, the greater the level of trust shown by investors in the community because the offering of the benefits that Bitcoin provides provides freedom that is not offered by any other party in terms of investing finances. At that time policy was still loose and Bitcoin staged an interesting rally. Finally from there the seeds of adoption began where people turned to Bitcoin on the basis of freedom in terms of ownership of investment assets.

[dansus021]

from that picture, you have shared that bitcoin pretty much hame the same thing as gold does. can fight against inflation as well the only hard problem in my opinion is regulation for the government the demand for crypto is increasing banks and institution started to adopt it the crypto ETF is dozen out there so this is good sign and i think it will grow exponentially over time.

[Fundamentals Of]

from that picture, you have shared that bitcoin pretty much hame the same thing as gold does. can fight against inflation as well the only hard problem in my opinion is regulation for the government the demand for crypto is increasing banks and institution started to adopt it the crypto ETF is dozen out there so this is good sign and i think it will grow exponentially over time.

There's such a thing as punctuations. And they matter. A lot.

I don't think government regulations are a hard problem for Bitcoin. Bitcoin has grown this big and popular even if unregulated or poorly or unfairly regulated. If the banks and large institutions are already adopting Bitcoin, there's no reason why governments wouldn't follow. At the end of the day, governments are owned by banks and large corporations and companies.

[Bambozled]

I agree that demand is the crucial part but I would also highlight the supply of bitcoin which is limited and is one of the main reasons for the value of bitcoin which over time will increase.

[kamvreto]

from that picture, you have shared that bitcoin pretty much hame the same thing as gold does. can fight against inflation as well the only hard problem in my opinion is regulation for the government the demand for crypto is increasing banks and institution started to adopt it the crypto ETF is dozen out there so this is good sign and i think it will grow exponentially over time.

There's such a thing as punctuations. And they matter. A lot.

I don't think government regulations are a hard problem for Bitcoin. Bitcoin has grown this big and popular even if unregulated or poorly or unfairly regulated. If the banks and large institutions are already adopting Bitcoin, there's no reason why governments wouldn't follow. At the end of the day, governments are owned by banks and large corporations and companies.

in some countries it is not a difficult problem, but for countries that do not legalize bitcoin this can be difficult, because there is no support for bitcoin. Even in a developing country like mine, bitcoin does not get full support because it is only regulated as a commodity tool and nothing more.
Bitcoin is growing and growing in popularity, but there is no guarantee that it will be fully accepted.

Back to the OP's discussion about the increase in the price of Bitcoin from time to time, because bitcoin only has a supply of 21 million and will not be printed anymore and there are many communities that do support bitcoin. Bitcoin is still number one even though today many new altcoins are emerging and claiming that they are better than bitcoin. supported or not supported by the government, Bitcoin remains number one and is growing over time.

[mayfair_coin]

Bitcoin became a financial instrument that investors and financial institutions used to store value and generate returns. As a result, derivatives have been created and traded by investors. This influences Bitcoin's price.

[noorman0]

I agree to OP but to be more specific, i.e demands from new people. Personally people can increase their demand and vice versa, but if the number of users does not increase it will not be able to take bitcoin to a higher level. Its massive adoption in recent years has brought a new level of bitcoin usage and each user means adding one more demand permanently.

[Fundamentals Of]

from that picture, you have shared that bitcoin pretty much hame the same thing as gold does. can fight against inflation as well the only hard problem in my opinion is regulation for the government the demand for crypto is increasing banks and institution started to adopt it the crypto ETF is dozen out there so this is good sign and i think it will grow exponentially over time.

There's such a thing as punctuations. And they matter. A lot.

I don't think government regulations are a hard problem for Bitcoin. Bitcoin has grown this big and popular even if unregulated or poorly or unfairly regulated. If the banks and large institutions are already adopting Bitcoin, there's no reason why governments wouldn't follow. At the end of the day, governments are owned by banks and large corporations and companies.

in some countries it is not a difficult problem, but for countries that do not legalize bitcoin this can be difficult, because there is no support for bitcoin. Even in a developing country like mine, bitcoin does not get full support because it is only regulated as a commodity tool and nothing more.
Bitcoin is growing and growing in popularity, but there is no guarantee that it will be fully accepted.

There are probably many users here who are living in countries where Bitcoin is not legalized. But they are still buying, selling, and converting Bitcoin to their local fiat currency. They're probably even spending Bitcoin.

Bitcoin doesn't need any support from the government in order for it to be adopted by its own people. Bitcoin is already what it is. It doesn't need to be regulated in order for it to be worth trusting and hodling.

[GreatArkansas]

I agree to OP but to be more specific, i.e demands from new people. Personally people can increase their demand and vice versa, but if the number of users does not increase it will not be able to take bitcoin to a higher level. Its massive adoption in recent years has brought a new level of bitcoin usage and each user means adding one more demand permanently.

I think this is on another side. There are some people who only use Bitcoin just for a transaction or using it as payment, while there are some people who are just using it for investment, store of value, they bought Bitcoin for investment.
I believe that massive adoption and will grow naturally, transactions on the Bitcoin network will grow as time goes by because every day there are new people being introduced to Bitcoin.

[kamvreto]

in some countries it is not a difficult problem, but for countries that do not legalize bitcoin this can be difficult, because there is no support for bitcoin. Even in a developing country like mine, bitcoin does not get full support because it is only regulated as a commodity tool and nothing more.
Bitcoin is growing and growing in popularity, but there is no guarantee that it will be fully accepted.

There are probably many users here who are living in countries where Bitcoin is not legalized. But they are still buying, selling, and converting Bitcoin to their local fiat currency. They're probably even spending Bitcoin.

Bitcoin doesn't need any support from the government in order for it to be adopted by its own people. Bitcoin is already what it is. It doesn't need to be regulated in order for it to be worth trusting and hodling.

but in general, in my country bitcoin is not getting adoption. It is true, bitcoin can be adopted by its own people without the need for support by the government, but if it is used as a legal medium of exchange for goods and services it would be against the law.
buying, selling and converting to Fiat is included in Commodities and that's all.
It's certainly better than in china, which completely bans bitcoin.

[Reatim]

Bitcoin became a financial instrument that investors and financial institutions used to store value and generate returns. As a result, derivatives have been created and traded by investors. This influences Bitcoin's price.

but the more who influences the price is  the support of people inside bitcoin and now altcoins losses its momentum because of continues dumping in crypto.

and it is not overtime but its 12 years now so there is nothing to prove from bitcoin side , as it has been given without a doubt.

I agree to OP but to be more specific, i.e demands from new people. Personally people can increase their demand and vice versa, but if the number of users does not increase it will not be able to take bitcoin to a higher level. Its massive adoption in recent years has brought a new level of bitcoin usage and each user means adding one more demand permanently.

but the accommodation of bitcoin from all institutions and all who buy ? is now still in the best   for long term holding lol.

[justdimin]

how has Bitcoin managed to grow over time?

Basically, it showed people that bitcoin is to be trusted always. That’s how you grow as a stock, share, gold, fiat, or crypto. If people think that investing into something would make them richer than the inflation pace, then they would invest into it.

I believe that if I invest into bitcoin, I would be richer in the future and that is why I invest into crypto. This is how you make money and I believe it is very important. This is how I got richer, and this is how some people became millionaires and I believe that we should not be refraining from trusting it as well. If you do keep on trusting it, then the price of it will end up going higher and higher as well.

[fiulpro]

With time people realized that they need a decentralized currency because the government started failing slowly, the inflation rates were high and the security was extremely low with banks shutting down around the world, people saw the market and decided to jump onto a non- traditional asset, Bitcoins, the more people hogged on the more the value grew ultimately causing a straight forward rise in the whole system. Other than that it caught the eye of huge whales and for them manipulating this market was easier since they didn't have any rules ! They were also not governed by policies and their privacy was almost hidden as well, what not to invest in?

[KingsDen]

I so much like this picture of graphical representation of bitcoin evolution and price differences. That is why when people always use monthly, weekly, daily or even hourly chart to judge bitcoin, I always tell them to zoom out and see how bitcoin has fared for years.

That graph is showing that bitcoin has been on the bull since it was created and it most importantly shows the ability of bitcoin to recover after severe dips. For instance the 2014 price slump qnd later back ro $315. In as much as charts doesn't lie, bitcoin has given us enough reasons to believe her.

[Ucy]

Ofcourse, demand is one of the most important factor, and then supply. Price won't naturally go up if there is a strong demand for oranges (for example) whereas more oranges that's greater than the demand is produced/supply for consumption. So, Bitcoin price is dependent mainly on demand and supply. And to create sustainable demands you need a steady increase in the number of good uses for more bitcoins on daily basis.

[kawetsriyanto]

There are probably many users here who are living in countries where Bitcoin is not legalized. But they are still buying, selling, and converting Bitcoin to their local fiat currency. They're probably even spending Bitcoin.

Bitcoin doesn't need any support from the government in order for it to be adopted by its own people. Bitcoin is already what it is. It doesn't need to be regulated in order for it to be worth trusting and hodling.

We cannot deny that we need support from our government. We cannot convert our Bitcoin to our local currency if the government totally bans every activity related to crypto and Bitcoin. We even won't have a single local exchange if crypto or Bitcoin is not allowed or illegal. For example in my country, Bitcoin cannot be used as a payment tool. If we use it to pay any goods or services, we can be fined or jailed for breaking the law. So, it is untrue that we don't need support from the government. It is like avoiding reality. 

[Quippery]

Bitcoin prices have always been fluctuating. The supply and demand keep going up and down and so, there is always a different value of bitcoin that you will get. But if you consider that deeply, you will know that the fluctuations are a reason why we are able to make profits.

[Franctoshi]

This is where most people are really getting wrong and thus use the mentality of fiat currency to use on Bitcoin without paying much attention to the differences and taking a look at previous performance , where the price started,  where it's today and where it's going to be in the future , hence pay attention to the short term volatility without looking at the long run. To actually get it right the 4 years simple moving average would be nice to measure Bitcoin.
 Bitcoin is the Gold of the 21st century in terms of performance.