Quote from: KevinHansen on May 18, 2017, 03:28:34 PM

What is the Reason for increase of the Bitcoin?

Less supply more in demand a simple rule always works. Bitcoin is no different. It got a boost in the arm, when Japan legalized the use of Bitcoin in its currencies, and there are rumors that it may be accepted in the Olympics (not sure as there no official word on this). Plus many people now are part of it, rather than before, banks are allowing it (restricted banks). Over all the consumption has tripled and that's also another boost for Bitcoins. Read the economics board, for more detailed information.

Quote from: Sr.Urbanist on May 18, 2017, 03:34:19 PM

Quote from: KevinHansen on May 18, 2017, 03:28:34 PM

What is the Reason for increase of the Bitcoin?

What do you mean?

If you ask how BTC is generated, it's done through a process called "mining".

If you ask why people use it, it's probably because it has something to do with the next gen of value transfer: rocks--> pretty rocks --> paper --> credit cards --> Bitcoin (blockchain technology)

If you ask why the price is higher ... likely tied to electricity costs of securing the network through mining, but it'd be a better question for Tone Veyes on YouTube.

Did you read what he asked, what you have written and what he has asked two different things.