Why will Bitcoin worth increase further ?

[cxtreenal]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

[BIT-BENDER]

No too much long story, Bitcoin will further increase in price because it has value and the value of Bitcoin is both financial and in solving problems of the financial sector.

If Bitcoin don't have value there won't be increasing demand globally. Bitcoin value will still stand the test if time and won't diminish with time.

[Mpamaegbu]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase.
...
Whats your opinion ?

Wetin u mean by "decrease in supply" of Bitcoin there? For all I know, Bitcoin nor dey deflationary. D max supply be 21 million. Dat deflationary mechanism nor dey for Bitcoin body at all. Except na anoda thing you mean there.

[Creeper0]

Bitcoin no longer follows the previous history. Now not only a few companies, but many large companies and governments of different countries are approving Bitcoin and are comfortable with Bitcoin investment. That is why we often see Bitcoin rising. Even due to low supply and high demand, the price of Bitcoin is increasing day by day.

This year, Bitcoin's journey is not over yet, but we will see several more ATHs, although this is only speculation and expectation. Bitcoin has a long way to go before it enters a bear market. This year we may see it surpass $150k. That may be by the end of the year or early next year.

[Karl_3000]

Wetin u mean by "decrease in supply" of Bitcoin there? For all I know, Bitcoin nor dey deflationary. D max supply be 21 million. Dat deflationary mechanism nor dey for Bitcoin body at all. Except na anoda thing you mean there.

Bitcoin is a deflationary currency because it has a maximum supply which is 21 million BTC and the demand is increasing. That is what that makes it deflationary. But that will make more people buy it and the price will increase than increase because people know that are they are demanding for it.

If bitcoin supply is increased, that means it will be an inflationary currency but the supply is capped at 21 million BTC. It is not increasing, which makes it deflationary.

[SatoPrincess]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase.
...
Whats your opinion ?

Wetin u mean by "decrease in supply" of Bitcoin there? For all I know, Bitcoin nor dey deflationary. D max supply be 21 million. Dat deflationary mechanism nor dey for Bitcoin body at all. Except na anoda thing you mean there.

I think OP is referring to the decrease in supply of bitcoin in exchanges. According to this article from crypto news, people are moving their coins from exchanges to their own wallets. IMO this is a good thing as more bitcoiners are practicing self custody of their coins.

[Mayor of ogba]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase.
...
Whats your opinion ?

Even in the next 100 years to come, the total supply of bitcoin will always be 21 million, so there's no way there will be a decrease in the total supply of bitcoin. Aside from that, another thing that will make the price of bitcoin to increase in the future is demand and adoption of bitcoin.

[Gozie51]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

Whats your opinion ?

Except you mean personal hodling where people are practicing self custody which will automatically create artificial scarcity and scarcity gives more relevance to commodity which will increase demand and price will automatically raise. Also if person hodl more bitcoin in their own wallet, they can even determine how much they want to sell through P2P. If you set your price, it can create more increase in the overall pricing.

Again, yes country's adoption and hodling will also increase the value of btc. Like US reserve policy has the potential to increase the number of people hodling btc. Asain and other countries that are legislating on bitcoin will increase the value in no distant time.

[cxtreenal]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase.
...
Whats your opinion ?

Wetin u mean by "decrease in supply" of Bitcoin there? For all I know, Bitcoin nor dey deflationary. D max supply be 21 million. Dat deflationary mechanism nor dey for Bitcoin body at all. Except na anoda thing you mean there.

By decrease, I mean the infinite demand for Bitcoin versus the limited supply (21 million).

[NurseHub]

Bitcoin is increasing, first pull out 125k next is probably 150k+ because we have not come to the end of bull run but let also be aware that when bitcoin wants stop increasing it will show some small force of increment then return gradually to bear market that's how it going to happen but before that we should still hold and maybe sell gradually, small small till we see it that it's all over.

[BitMaxz]

Wetin u mean by "decrease in supply" of Bitcoin there? For all I know, Bitcoin nor dey deflationary. D max supply be 21 million. Dat deflationary mechanism nor dey for Bitcoin body at all. Except na anoda thing you mean there.

The main point he talks about is the block reward, which is reduced by half every cycle, but this is not the only reason why BTC pumped today. There are many things that affect the BTC price.

I believe this is due to the cut rate because every NY session the price surges and hits a new ATH, like today. That's the only news helping the BTC price to pump.

However, it is struggling to break the $125k; there is still remaining liquidity at that zone that needs to be wiped out before it pumps.

If the price breaks that price, I am expecting to see $130k this month. I'm pretty sure this is due to cut rates, not because of the Bitcoin block halving.

[Cryptoprincess101]

Bitcoin price faces manipulations sometimes because last month experienced great DIP in price of bitcoin up to $107k due to massive liquidations by the whales but it's good that the price recovered this month (looks like the whales bought back) and reached an ATH of $125k which is a confidence booster towards the growth of bitcoin in the upcoming months so if you are holding, don't be tempted to sell yet because the price will increase further from now till December or before the end of the year. It's a good time to be a hodler because the feelings of seeing the market price increasing is something that gives every hodler joy.

[MainIbem]

No too much long story, Bitcoin will further increase in price because it has value and the value of Bitcoin is both financial and in solving problems of the financial sector.

If Bitcoin don't have value there won't be increasing demand globally. Bitcoin value will still stand the test if time and won't diminish with time.

That's just it mate, it's become very valueable thereby causing it's price to increase since more people are begining to demand for it, we all know that the more there's a demand for something the value skyrocket so that's just the concept, also since it has become very valueable, people now see reasons to see it as an investment option than just a form of money for transactions and the more people hold unto it for as long as possible the more it becomes scarse thereby making the price to go up as well.

[icebar]

Whats your opinion ?

Bitcoin seems to be reaching the expected milestone before the end of the year. In the last few days, the price of Bitcoin has increased by about 10%. Bitcoin is now seen as a store of value worldwide. Especially the initiatives taken by governments are playing the biggest role in the increase in the price of Bitcoin. In addition, institutional investment is also increasing. Large institutions are increasing their investment in Bitcoin. People are holding Bitcoin to protect their assets from uncertainty and inflation. The collective effort to buy Bitcoin from all over the world will continue to increase in the future. As the number of people is increasing, the demand for Bitcoin is also increasing, but the important thing is its limited supply, which increase the demand.

[Ndabagi01]

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Price increase of Bitcoin is almost looking like an inevitable thing to happen now. The long anticipated month of October known for bullish growth of the market is here and has once again shown the great potentials it can even have in the market to help propel the bull season more. The market is quite looking very bullish and if by November and December the market still remains bullish, it is actually a big sign that Bitcoin would reach its maximum potential by then for this bull cycle.

The Bitcoin strategic reserve will also be another key and important factor that will cause a further increase in the price of Bitcoin due to the demand for it. The people will be more confidence in Bitcoin and will demand more for it to invest into it more. Government are playing a role in market adoption of Bitcoin and if we really want to see the full potential of Bitcoin, let’s wait for government public announcement around the world to make it a legal tender.

[Bright0515]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The more people are holding Bitcoin the more the worth of Bitcoin will keep on increasing. No too much talk, Bitcoin nah very nice crypto currency way many people dey dream to get. But I no too dey sure say by the month of December day Bitcoin go dey on the rise because many people go try to sell part of their crypto assets to use do one or two things that festive period. But this month own dey sure say bitcoin fit reach multiple ATH. So na to dey keep on dey hold am till the actual time reach to sell.

[gracreavix]

Yeah, Bitcoin bullish performance backed by strong fundamentals, the  utility it serve to its users, limited supply, growing adoption, and longterm holders reducing market circulation. But expecting constant all time high is very unrealistic ,  because bitcoin do move in  waves. If there massive adoption by nations and they start using it as reserves, that could mark a real turning point.

[Mia Chloe]

Why will Bitcoin worth increase further ?

It's based off of what we call demand and supply in economics. One of the major reasons aside from adoption that contributed immensely to be growth of Bitcoin is actually the concept of having a limited supply. The idea is when something is scarce it's value increases and that is the reason why the scarcity of Bitcoin is controlled by the halving event that happens every 4 years.
Regular fiat if flawed by over circulation and that's what bitcoin was able to fix with a limited and controlled supply. The government can print more money at will but it's not same for bitcoin.

[Makus]

The month started huge and touched ATH. Keep waiting for more great market in the last two months of the year. You can almost be sure that it will touch ATH several times this month. November and December will be another important milestone for Bitcoin history. Review the Bitcoin price of the past years.

The decrease in supply against the demand of Bitcoin will be one of the reasons for the price increase. The adoption of Bitcoin by states around the world can further stimulate the price increase. The increase in the amount of accumulation for increasing the strategic Bitcoin reserve will be one of the reasons for the price increase.

A special section of retail investors is accumulating Bitcoin for the long term and they are holding it, this is the main reason for the price increase.

Whats your opinion ?

Well the truth is we don't know what the market is planing on doing and sometimes I see predictions like this to be so unrealistic because I have also seen many not play along to what people say. The market these days get extremely manipulated by world events, news and sometimes whales and institutions in the market. But if everything plays along normally your prediction of bitcoin hitting ATH several times can be a thing of history but again there is an anticipation for the altseason and that might trigger the market to experience a bit of bearish move due to some trader making withdrawal to purchase altcoin projects.

[I_Anime]

No too much long story, Bitcoin will further increase in price because it has value and the value of Bitcoin is both financial and in solving problems of the financial sector.

If Bitcoin don't have value there won't be increasing demand globally. Bitcoin value will still stand the test if time and won't diminish with time.

Is all about utility , and the value come for us , yes we the users . That's the more it gain more adoption more the price increase because then alot of users will be making us of it , in various ways like trading it , holding , using it for transaction and stuff .

That's why is a community driven token , so yeah Bitcoin. Will continue to increase in value as the supply reduce and the demand increase and also as it gain more adoption.