How does Bitcoin raise

[Dagm1]

Bitcoin has increased in value as a result of many individuals investing there...however, we all know that bitcoin is volatile, so if you want to take a chance, invest in bitcoin...no one can anticipate the price of bitcoin; all you need is patience.

 

[tyrim88]

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!

Sure the market is a volatile one,and might experience some fluctuations anytime,but what can to some extent help one to understand when to invest would be to study the chart of trading activity,listening to news about the market,and some trending issues about crypto.

 

[Smiles20]

The price of Bitcoin is being determined by the value that it has. The more people are buying Bitcoin then the more the price is going to be increasing and if people are selling then it is going to reduce.

 

[Bookwormlux]

Bitcoin, like any other commodity rises with more people demanding for it. It is very much important for newbies to know this before going ahead to buy Bitcoin when its price is already high.

 

[Smiles20]

Bitcoin is a very volatile currency and you should be very careful whenever you are trading it. It basically works on the principle of demand and supply and the price is going to increase if there is demand for it.

 

[Laurentta]

I don't know the particular reason bitcoin rises and fall. It could be by human factors like forces of demand and supply, it could be as a result of economy.

 

[Adecyptii]

Yeah. Bitcoin do rise. The rise and fall in price of every cryptocurrency depends on the investment of all investors on the platform. If the investor and crypto traders increase, then the crypto price will surely increase, but if their is low rate of investment on any crypto coin, the interest rate will affect the rise in the coin.

Yes you are right, some people think the rate of cryptocurrency coins are controlled by people which is not true, but it depend on the trading and investment of that coin.

 

[Bookwormlux]

Bitcoin tends to follow the law of demand and supply and this implies that certain things like when it is very low in supply are the main reasons why it is always rising.

 

[Shigobad2020]

The Rise in bitcoin is mostly caused by human factor which is manipulated day in day oh to suit there wish to gain more profit...

Quote of the day:
Never give up, because the breakthrough is near. Keep pushing till you win

The rise of bitcoin and other crypto currency are caused by heavy crypto currency investors , I mean the mover of crypto coin , the heavy investors always manipulate the price by investing huge amount.

 

[HayKay]

Once the market capitalization keeps increasing which shows that people keep pumping money into the market, the price increases.
Also, Bitcoin is very limited in supply which means it's very scarce and that makes it the more valuable.

 

[Smiles20]

The primary driving factor behind the Bitcoin is the simple fact of demand and supply. When people are buying Bitcoin in mass the price is likely to go up and when they are selling the prices going to go down.

 

[Good-Person]

If you are talking about the value of Bitcoin, then I think there are various kinds of factors responsible for Bitcoin price raise. The Bitcoin's value depends on the cryptocurrency market. How much Bitcoin are purchased and how much are sold in the market. The overall acceptance of bitcoin also plays a huge role and even politics also play a huge role.

 

[Bousine123]

because when it comes to bitcoin, if demand is low, bitcoin is cheap, when demand is high, bitcoin is expensive when there is no stock of bitcoin in the market.

Yeah I agree with you on this, when Elon musk invested in donge coin and advertised it to the world, people began to take the coin seriously, so it demand became higher than the supply as many rich people invested in the coin , there by making it more valuable.

 

[Grandeur]

The price of bitcoin is mainly dictated by the supply and demand for it amidst other factors but when there is a large number of demand for Bitcoin, the price would go up.

 

[Bousine123]

One thing I noticed recently is that any coin that world's richest man Elon musk announced that he invested on, the price will rise because many peoill invest more on it there by giving t a high demand .

 

[CeeJase]

Well as the Bitcoin I know raises may be because of the higher rate people invest on it and the way they put trust on it

A lot of things actually affect the cryptocurrency market which cannot really be pinpointed because the way the market flip at every second is what makes them volatile and help traders to make money from it.

 

[Syldan]

The raise in the price of bitcoin, is not stable because it's been influence as a result of the market forces of demand and supply and the level to which people invest in bitcoin.

 

[Lens]

The price of Bitcoin is basically driven by the simple law of demand and supply. The higher the demand, the higher the price and vice versal. If you have an increasing supply, the price of Bitcoin Will drop.

 

[Felixko]

yeah bitcoin do raise. this happens between investors and traders. the price of bitcoin always increase when people are buying more and also the decrease when people are selling it more.

 

[Ononivami]

The forces of demand and supply are the determining factor for the bitcoin price. If the demand is high, most definitely, the price of bitcoin Will also increase.