Bitcoin is rare

[emma.lee1890]

Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase?  Need to know your opinion too.

[Bruks]

Price increases and discounts depend on those who want to own bitcoin and sharks. At present the bitcoin community is very large and they are the amount that creates the price increase and discount for Bitcoin. 4 million bitcoin is large and it is not easy to exploit that amount of bitcoin as the bitcoin difficulty increases day by day. If bitcoin mining is no longer profitable one day, the miners will stop mining. I would like to not predict what I want to make the future decide..

[comer]

Price is determined not only by those miners but there are also some factors that influence the price movement. Most common factor that influence price movement is the law of supply and demand. Market manipulation also plays great role in the market place. Whales certainly have their own place, these types of people have a bigger impact to the marketplace in term of investment portfolio.

[Arendra]

I don't know why like that. But this is bad news. If the Bitcoin limit is only that much, then the price of Bitcoin may later be able to go down or up. It depends on the conditions and situation of the trade as well. So I can honestly not predict it and give a good opinion on this topic.

[gotbounty]

The scarcity of bitcoin can be one of the reasons why the price of bitcoin is rising. In addition, requests and offers can also be other causes. But clearly, all investors hope that the price of bitcoin will continue to rise every year.