Why is bitcoin so high ? by journeyoflife

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bitcoin · @journeyoflife · Dec 8 '17

$7.80

Why is bitcoin so high ?

Bitcoin's cost has risen stratospherically, a reality that leaves numerous minor players in the market with huge additions and numerous greater players moguls. In any case, is this an air pocket? Are the additions genuine? Also, are the bitcoin whales in for a pitiful Christmas? 

Initially we should comprehend what drives bitcoin cost and, specifically, this blast. The basic comprehension for current development drives us back to institutional speculators getting ready for the inevitable BTC fates trades. 

![3B5C2532-EFCE-4523-8F79-FBAE9E303066.jpeg](https://steemitimages.com/DQmayVTzj1bowjuwusWENzsqu3rXSruHj5skW2S7T54tFVV/3B5C2532-EFCE-4523-8F79-FBAE9E303066.jpeg)

Promote development originates from the "bitcoin as a store of significant worth" group. This gathering of lover purchased and held bitcoin and won't offer it at any present cost. More bitcoin fans are going into this gathering and they are driving up request increments. In our current reality where individuals anticipate that bitcoin will be worth $1 million soon this kind of action – whether balanced or nonsensical – is very prominent.

👍 echowhale, surfyogi, nanzo-scoop, echosupport, ilanaakoundi, da-dawn, journeyoflife, umami, leesmoketree, jlufer, edb1984, happymoneyman, bartosz546, bue, s3rg3, matthewtiii, amy-goodrich, stackin, williams858, mafeeva, mummyimperfect, kanchana, ak2020, didarulselim, yarimasilva1974, moly3314, lizad, growingpower, marcohernandez98, eastcoaststeem, theclear, elmubareki, fortyplus, jfernandez

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@didarulselim · Dec 8 '17

In the current world, instead of money, everyone is going to use Bitcoin, it seems easy to use bitcoin instead of money,

👍 thegillos, marcohernandez98

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@thegillos · Dec 8 '17

Actually, due to the slow transaction speed, I'd say Bitcoin makes a great investment or "savings account" but for day-to-day, debit style, transactions I'd want either an intermediary company or better yet something like STEEM that is fast at transactions.

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@eastcoaststeem · Dec 9 '17

Bitcoin is not infinite.
 People are starting to finally get that.
So that's my theory on the rises.
This post has been deemed resteem & upvote worthy by your friendly @eastcoaststeem ran by @chelsea88 (not a bot)

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@jlufer · Dec 8 '17

these are great news dear friend @journeyoflife, this is real and is happening
Thank you very much for sharing this information
I wish you a great day

👍 khurshid

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@khurshid · Dec 9 '17

wow good information & good work friend @journeyoflife

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@marcohernandez98 · Dec 8 '17

oh yes! and bitcoin its going to be even stronger than it is now

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@marcohernandez98 · Dec 8 '17

maybe its not going to replace our cards but it very useful on websites !

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@surfyogi · Dec 8 '17

Completely non-sensical and yet, the way it was intended from the start by Satoshi N.

The original invention, and yet so very flawed. Most known crypto, and therefore  most requested and wanted.

Most talked about, thus most valuable. For now.

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@theclear · Dec 9 '17 (edited)

I think people got tired waiting for bit coin to go down so they can buy. And finally they decided to jump in. However there are some who are still waiting. see below.&#128071; until this final group decide to stop waiting the price will keep rising. Notice that they been waiting for 8 years. So this might take a long time. Bit coin will keep going.
![twiiter12 - Copy.png](https://steemitimages.com/DQmQYiKFnpP2Jvv95Wudd4T4kMeCUsuUBpQPT8uKWJ7sV6N/twiiter12%20-%20Copy.png)

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