Why is the price of bitcoin so high

[Quinni]

The number of bitcoins is limited, and the number of people who buy BTC is increasing, and the purchasing power of the market is increasing, leading to the increasing price of BTC.

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[haroldforgan]

Because bitcoin is the first digital coin in the world so it is very valuable and expensive, the current high bitcoin price is certainly due to increasing number of investors investing in bitcoin, resulting in high levels of demand in the market that cause the rise of bitcoin

[tigoes]

The bitcoin value is now so high due to publicity in the market, and also many people were now aware of it so they got attracted and buy on it cause they know that their investment will earn profit.

[Bhalibad]

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

It's not that complicated, all around the world, people are buying itcoin because they think it's a great opportunity for an efficient investment.

They keep demanding it, hence the price of bitcoin is booming as a result.

The Bitcoin is so high because  it is the number one cryptocurrency in all over the country and some people know about the Bitcoin in all over the world. Bitcoin's meteoritic rise has pulled up the prices of other coins.

[herlips]

Bitcoin is the first cryptocurrency that was launched and because of its popularity, it is the most in demand coin. The price of bitcoin is very high because many investors demand for it.

[will777]

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.

[Olena9797]

Oh i came to this topic to see who think that the price is so high now and realised that topic have been started at the end of November) I think now everybody wait when price will grow again

[piterpie]

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 prices have risen sharply in the current market environment, and I think it is possible that these currencies will be able to outperform the values of the old coins, Reaching for successes like Ethereum or NEO.

[damrianto]

experienced investors can hardly predict how far growth will continue. In accordance with economic principles, when a cryptocurrency rises in price, it means the number of requests in the cryptocurrency is greater than the amount of supply, which is why bitcoin prices continue to rise.

[rudolfaxl]

Today you can ask the opposite question: Why is the price of bitcoin so low? All people are waiting for the market growth, but in contrary to expectations the market still falls. I think this is due to the lack of regulations and fresh money.

[rudyconsl15]

why bitcoin is high, as it grows and bitcoin papuler makes many investors new investors who invest their money / invest in bitcoin hence the bitcoin price increasingly has big value.

[Nakedbitcoin]

i can't explain why bitcoin price today is to high the price value even if have many trials for bitcoin now there are the issue about bitcoin replace the new cryptocurrency the bch. but bitcoin continue to increase the price value in the marketcap, i think this is the proof bitcoin is in the highest strongest coins and have more demands in the market thats why bitcoin keep increasing.

Bitcoin is the pioneering of all cryptocurrencies. A lot of country's accept this cryptocurrencies as legal tender in their country's. The demand of bitcoin is very strong world wide thats why bitcoin is the most expensive coin of all cryptos coins.

[btcefeyigit399]

crypto is the king of the money world bitcoin. the price was higher than before, but I think the price is not high these days. things are less expensive in the marketplace and are expensive.

[Denigmatic]

Why is bitcoin so expensive? Here is one of the versions. Bitcoin is a legend with 9 years of experience and trust in this coin more than everyone else. About other advantages, lazy people here did not write.

[snazir]

Bitcoin is the First Virtual Cypto Currency that is very Popular among Investors. Many new people are starting to see the Potential of bitcoin as a Promising Investment Place, So They invest in Bitcoin they buy a lot of bitcoin for them to save as An investment.

[clarkt]

Bitcoin is the first cryptocurrency and for many reasons,  people place high premium in the value of bitcoin compare to Altcoin. Bitcoin has been tested and proven to be fully decentralized.  Decentralisation is one of the pillar of cryptocurrency.

[Zyborg]

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

BTC is like a diamond and carries a unique block chain technology that's why it's much superior than all other Altcoin.BTC is the king of all crypto and when the price of BTC increase price of Altcoin increase and vise versa.

[kimochidesh]

The price of all the currencies is determined by its demand and supply. As the Bitcoin was the first digital currency, its demand was high which made it expensive. Although now days the price is falling, it will again rise when the people will become more aware regarding its usages. Also, the total supply of Bitcoin is limited to 21 million which further adds to its price.

[kakajones25]

in my opinion because the bitcoin enthusiasts more and more.
investors are increasingly investing bitcoin over other coins.
and they believe that bitcoin will be more expensive. and they will get to the advantage of it.

[Gamerholic]

What should be the price of bitcoin so that it can be called high? On what parameters to build on to understand its "fair" price and hence the deviation in some direction. But if there are simply abstract figures in it and there is no economic logic behind them that can be traced in the course of time and build their forecasts on it - then all this is pure profanity and it makes no sense to climb into it) Philosophical question turned out)