How does Bitcoin raise

[Abelcairo43]

The price of Bitcoin is being controlled through the forces of demand and supply. When more investors are investing into Bitcoin, the price of the Cryptocurrency will be increasing but when these same investors are selling off their Bitcoin, then the price of the cryptocurrency will reduce in price.

 

[btaliat]

Like every other goods and services. The prices are determined by the market forces of demand and supply. These market forces can now be caused by many factors like major events or the activities of some business tycoon that are very popular.

 

[gbadebo9]

Bitcoin raises as a result of speculation but if not because ppl are patronised it , it lwill not appreciate at all. Bitcoin now is very expensive to the extent that toward the end of last year it reaches peak and as I'm talking to u now is moving to highest level that ppl are not expecting it to be there. It has been accepted world wide for commercial activities.

 

[Sotherefore]

the price of bitcoins and other cryptocurrency can Rise using the law of demand and supply in a situation in which the numbers of buyers is buying a particular cryptocurrency much more than they sell is the price of cryptocurrency will rise and it is also the other way around.

 

[Yewande]

The higher the amount people invest in a crypto currency coin, the higher the value gets to. Looking at it in that direction, you can say if a single person decide to invest a billion dollars in Bitcoin, it will increase the value drastically. Similarly if such amount is remove, the value drops

 

[GIFTMICHAEL]

Well i do not have much experience in the cryptocurrency i know that cryptocurrency involves a lot of currencies that one can buy and use for investment. Bitcoin is has continued to grow over the years simply because so many big investors are investing heavily and they are making a lot of money.

 

[Azhar119]

The cryptocurrency market has continued to witness a boom despite the global pandemic wreaking havoc on all significant economies on the planet.
Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for Bitcoin and alike cryptocurrencies.

 

[Tariq Shehzad]

Bitcoin raise because of numerous individuals contribute there..but we realize that bitcoin is unpredictable so on the off chance that you need to face a challenge, at that point contribute bitcoin...,no one can anticipate at the cost of bitcoin all you require to do is persistence

 

[Setho]

Bit coin just like any other currency rise and fall based on the simple law of demand and supply. When more and more people are buying bitcoin or the adoption rate increases, then it will increase. If people begin to sell their coins and the adoption reduces, it then reduces in prices.

 

[Aotosyno]

Bitcoin raises due to the way people are investing in it.the demand rate is high because people are really making it because of the high rate of demand and supply .

 

[Xerryl]

Truth be told - no one knows! If you'd like to go into bitcoin though, you should make sure that you're doing as much research as possible! Depending on the market at the time you're reading this, it might be the perfect moment to purchase Bitcoin - or the worst time, too!

 

[Ehizzy1]

When there's a lot of demand than the supply. When famous people are promoting the Bitcoin and encouraging people to invest. Wehn millionaires/Billionaires or a wealthy company decides to put a lot of money in it. When people Hodl and didn't sell even if the orice is already sky rocketing.

Yeah this is another factor and the price is already skyrocketing again ,because famous people have invested in bitcoin , and i am really glad more people are investing in it , because i really do want more famous people to invest more in bitcoin i think

 

[Chuksvicthor1]

Bitcoin price movement is fueled by the forces of demand and supply. Also key factors that can also lead to a movement in price includes important news. Take the influence of Elon Musk for example, his influence on the market can not be explained. The fact that it is a decentralized market makes it more obvious.

 

[Roysnickz]

the price of bicoin like any other crypto currency, respect the law of demand and supply. The price goes up when there is much demand for the coin. The is when so many investors are investing in the coin.

 

[Donolatunji]

Every 210,000 blocks that are mined, or about every four years, the reward given to miners for processing Bitcoin transactions is reduced in half. In other words, built into Bitcoin is a synthetic form of inflation because a reward of Bitcoin given to a miner adds new Bitcoin into circulation.

 

[Nabeel119]

There are many assets that are considered a store-of-value. Perhaps the most common assets that come to mind are precious metals like gold or other things that have a limited supply. With gold, we know that it is a scarce resource, but we cannot verify with complete certainty how much exists. And, while it may seem far fetched, gold exists outside of earth and may one day be obtainable via asteroid mining as technology advances.

 

[Sunnytee]

Surprisingly it obvious that Bitcoin has become the lame light to other crypto currency in the whole world and even the mother to other because the way this so called Bitcoin is skyrocketing nowadays is unpredictable and un notified

 

[Sake]

Yeah this is another factor and the price is already skyrocketing again ,because famous people have invested in bitcoin , and i am really glad more people are investing in it , because i really do want more famous people to invest more in bitcoin i think

It's a good thing for us small investors because we can't carry the price alone. Having those billionaires as whale investors and promoting the coin.we are already guaranteed a sure profit. All we need to do i wait and sell first before them.

 

[Ehizzy1]

It's a good thing for us small investors because we can't carry the price alone. Having those billionaires as whale investors and promoting the coin.we are already guaranteed a sure profit. All we need to do i wait and sell first before them.

This is true tho and our major target is to know the time they would invest ,so that they we will make more profit from the investment i think , because even if you invest little amount of money and you know that whales are investing , i think you would really earn more cash

 

[Sake]

This is true tho and our major target is to know the time they would invest ,so that they we will make more profit from the investment i think , because even if you invest little amount of money and you know that whales are investing , i think you would really earn more cash

Yeah another perks of that is When they invested it will be on the news so we can join. All we need to do is be always updated on the Cryptocurrency news so we will get the idea when is the perfect time to invest and sell. Ofcourse we need to sell earlier than them