Quote from: rodel caling on October 28, 2017, 05:12:25 PM

Quote from: enterprevic on October 24, 2017, 12:34:35 PM

I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.

I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.

its because bitcoin goes into famous in the worldwide people knowing the importance of bitcoin being currency and have potential to fast grow in the marketcap, if the people smoothly preach them slowly how the bitcoin importance in the world of cryptocurrency their become interested and more investor invest in bitcoin to make more profits.

Number of reasons are there which are causing bitcoin price to increase. i am sure that bitcoin price will continue increasing for along time, because still bitcoin has too much potential and people are still accepting bitcoin and are also investing money in bitcoin. i am sure that very soon will see the price of bitcoin trading above 8000$ in next few months.