Quote from: Visbay on December 15, 2017, 10:14:03 AM

Quote from: josephpogi on December 13, 2017, 03:05:30 AM

Quote from: richfund_Pe on December 08, 2017, 02:06:29 PM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Base on my research bitcoin supply is limited only for 21million and i see that 16million-17million plus is already mined by miners so if the bitcoin reach the supply of 21 million the bitcoin price will go increase much more because the demand is high.

Its actually because of demand this year bitcoin demand go very high and still some companies and people are trying to join so there is no doubt when demand of anything goes high so its price go high automatically and it happen with bitcoin because bitcoin is a good currency to use and the main thing about bitcoin is that its provide a lot of good opportunity for earning thats why people are joining bitcoin so bitcoin is all in one.

Undoubtedly, demand is going up in correlation with price. At the start of the year, people don't know about bitcoin. But gradually specially when Japan enters the picture and embrace bitcoin, demand immediately went up. And now, not only in Asia, but throughout the world, bitcoin is already recognized.

The demand usually falls on the premise that by buying bitcoin and holding it long term, you will gain financial profit, which is very true. However, it can encounter a lot of bumps along the price. Since financial institutions now enter the picture this month, the demand shoots up once more making bitcoin crosses $16-$17K a pop.