Post
Topic
Board Speculation
Re: Why BTC value is growing day by day ?
by
andreyalucas
on 28/11/2017, 05:31:50 UTC
The best reason here is that, bitcoin's price depends on the demand and supply thing. The higher the demand, higher price, low supply, high price.

Just think of it, bitcoin is predicted to pump to $10000 so there will be a lot of people who will be buying bitcoin and hold it in until the pump, that means the demand is increasing proportional to the price. That means that if we can see the price continuing to increase day by day, it means the demand is pretty high and a lot of money is being put down into bitcoin.

You are right.The value of bitcoin increasing day by day because of the demand will be so is high.We can't predict the value of bitcoin in future.