Why is the price of bitcoin so high

[strickland]

Bitcoin was the first crypto currency people heard about. Most of them still know crypto currency only about bitcoin. Therefore, interest in bitcoin grew and became very significant when it began to grow dramatically in price. Price growth again increased demand for it and bitcoin began to continue to grow rapidly in price, until it reached its present size.

Investors and the new comers realize that already so the price is going to be expensive. If Bitcoin is not used as much then people could still be keeping it to stabilize the price.

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[roshanfious]

Bitcoin was the first crypto currency people heard about. Most of them still know crypto currency only about bitcoin. Therefore, interest in bitcoin grew and became very significant when it began to grow dramatically in price. Price growth again increased demand for it and bitcoin began to continue to grow rapidly in price, until it reached its present size.

Investors and the new comers realize that already so the price is going to be expensive. If Bitcoin is not used as much then people could still be keeping it to stabilize the price.

I don't know about your investors but i only see a red color is covering all the market which is really annoying for every BTC investors or cryptos investors for sure.
And one more thing, stabilize the price is the worth ideal if that's your purpose when you invested in BTC.

[Usui-Kun]

With respect to other cryptos or altcoins, bitcoin is the first one to be heavily used and tecognized that is why it has this pioneering thing to it that is why people trust bitcoin more than the other which means more demand for bitcoin.

[AllthewayUUppp]

Because there are many people needs bitcoin. WE need to know that bitcoin is a safe place to put money and because of that fact, the demand on having bitcoin is high enough for the people to spend their money on it. WEll, it is good though because all of us need to become rich with bitcoin

Yes you are right not only that it is better to put all your money on Bitcoin rather than storing it on the bank where all that banks manipulating all of us. But just make sure you have enough knowledge about cryptocurrency.

[syntac]

Bitcoin can be very expensive because the demand for bitcoin is very high, while the amount of bitcoin that currently has not circulated around three million bitcoin and that number is small. Bitcoin can also be called the father of coins because the first of its kind, this is the reason why bitcoin prices are very expensive.

[Rlyn]

Based on my research and to what i red Bitcoin raise higher when there's a lot investment in Bitcoin. It's like the greater the demand, the higher thr value

[m.mendoza]

The price of bitcoin is so high because of market demand but no one knows when will be the price of btc gets higher or lower because it changes everyday or every month. Sometimes it goes lower and sometimes gets higher so we need the perfect timing for us to sell and earn high

[puugiako0811]

A lot of factors contributed to the rise of Bitcoin. And China undoubtedly has a important part in the play.The problems with the Chinese currency,has led to many people in China to prefer BTC. And many retail outlets in China began accepting BTC, and there has been an overall increase in the popularity in BTC in China.

[Sandeepmanwall]

Most of them still know crypto currency only about bitcoin. Therefore, interest in bitcoin grew and became very significant when it began to grow dramatically in price. Price growth again increased demand for it and bitcoin began to continue to grow rapidly in price, until it reached its present size.

[vanderveld]

Because bitcoin was the father of all cryptocurrency, it was the first time and survive for years, many people looking to invest in bitcoin rather than any else.

[salad daging]

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. The more people interested, the more people buy it and make the price higher.

practically everything is derived from bitcoin because bitcoin is crypto become popular and enthused many people
and it is not easy to be able to get such a high price because as good as any coin if the demand is only slightly the price will not be expensive and bitcoin can get through it all

[Hopeliza]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

Bitcoin is the original one that's why it's the superior. The altcoins was followed by the bitcoin. And anytime the amount of bitcoin might go up or go down its just playing the value.

[nikay12]

Bitcoin price is high because of the investors. We also don't know when is the time that it will become low and become high no one knows because it change every minutes.

[JustQueen]

Price is high because of the in demand of the bitcoin. This is also a popular around the world that's why bitcoin has a lot of investors and that's the reason why sometimes bitcoin is high and sometimes falling down.

[MartynasB]

It's all about demand.. Hype = Demand = Price

[novita_gendut]

In that case id assume that when time goes by and cryptocoins become more and more mainstream and used by the public (assuming they wont get banned) BTC should be surpassed by other coins which solve issues btc doesnt. Also fees and transfer times seem a bit too much

Because the big coin bitcoin has self-confidence and has great benefits and becomes the first of the other coins and many people hold bitcoin because of its high price and have a large market demand and invest in bitcoin to give big profits, and bitcoin one of the crypto worlds nominated in the whole world

[Ponya]

Throughout February and March, every cryptocurrency in the global market has experienced extreme upswings and price drops, going up and down 20 to 30 percent within a 24-hour period. Bitcoin for instance, has dropped from $14,000 to $6,000, increased to $11,600, dropped to $7,000, and recovered to $9,000.Subsequent to this period of intense volatility, the cryptocurrency market has found some stability, given that the market has not made any major movement for two days straight.

[Naman1111]

BTC is popular bcz on first crypto and bcz it has network effect better that any other currency. More the network effect for a blockchain better it is ( it is more decentralized).
Now since it is more secured the store of value aspect will likelyflow into it. Offshore banking is more that $ 6 trillion around the world….so part of it flows into btc where you can control your funds….given the limited supply and the demand(in terms of dollars) the market cap itself should be around 3 trillion dollars of BTC which is 15x from here

[madafarkt]

Maybe the price of bitcoin is so high because it is the most famous coin among all altcoins resulting to many investors who are investing on it. It became the most famous altcoin because it is the first altcoin that is being introduced in the world of cryptocurrency.

[PERtua]

Because bitcoin is globally recognized throughout the world and that way many investors adopt it and  invest their money instead of putting it in the bank.And the demand of bitcoin makes the price so high and of course the low supply the big possibilities to make its value grow up.

Not just because the bitcoin is in demand in the other country make the price high but because many investors actually experience that they received a double profit and with that many are willing to totally invest in btc. The more investors price of btc become high.