Post
Topic
Board Economics
Re: popularity of bitcoin dictates demand, means more profit
by
BTCeminjas
on 14/12/2017, 02:39:21 UTC
in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing.  what do you think affects the price increase of bitcoin today?

Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
they won't buy bitcoin if they don't know what it is. considering nowadays a lot of big global media reports about how the price of bitcoin reached 10,000 USD makes people curious and start make a quick learning then decide to make a speculation to invest.

the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.
I agreed with this, yes by popularization of bitcoin and the price high value people attractive with this. The more people invested in bitcoin it come less supply of bitcoin or low demand and it makes bitcoin expensive in crypto market cap. Nowadays if still continued people adopting bitcoin the price also going high.