Why Bitcoin is Surging so rapidly?
Dear Steemian friends good evening, I think it will be prosperous Monday.
Dear friends let's discuss the million dollar question as why BTC is Surging so rapidly; well there will be so many answer for this question in general we can say that the buyer and seller ratio, adoption of BTC increases the demand, knowledge of Cryptocurrency is spreading so much due to this more and more people and folks are boarding in the train as soon as possible as they are feeling that they missed it.
Did we find out the answer really what is your opinion? Let's see my vision as it is growing rapidly due to this one common situation of mind is growing everywhere that can we take a risk of 20000$ less or more in near days for a Single Bitcoin, as it is growing so fast and everyone are assuming as per the current rate of growth it will cross the 100000$ milestone in near future and if I am new investor who can afford to risk 20k bucks and if for any reason Bitcoin price moves lower the new opportunity comes for those who missed the train and new buying emerged which leads to the surge of rapid price growth, another reason is what is also have valid reason is that research shows out of total Bitcoin only 36% is on the circulation and out of that only 30% comes to sell and if I am right nearly 90% of total Bitcoin is reserved in the wallet so it is also a reason as everyone want Bitcoin but lesser one wants to sell out.
Dear friends thank you for kind attention and your time.
With best wishes enjoy the ride.
Dear Sir I think all the reasons you given here are solely responsible but this is the combined and accumulated result of all the factors, like anonymous by nature, security, tax free, lesser fees, convenient to hold, highest yield in the industry of interest or business.
I think all of the reason has it's own contribution.
I'm completely agree with your assessment as these all are responsible for the growth of the Giant and this will be best if it goes on like this.
Thank you for keeping me updated,
Thanks for kind attention and support.
But the fees for bitcoin are to high.
Yes it matters a lot you raise very valid reason, but it will be in thousands in near future if BTC will be millions.
But nobody will pay for this. Why should i pay 1000 doller for an transaktion.
Bitcoin is growing to the star, now it's on Steem and SBD
We all hopefully seeing the same sir perhaps in near future we will discuss this topic that how SBD and STEEM makes our life better and we are millionaire now.
Thanks for kind information, attention and support