Why is the price of bitcoin so high

[sorehammer]

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 a very precious coin and the value of precious thing is always high.BTC is the first digital currency and is trusted by million of people in the world.if you scrutinize the crash history of BTC,it''s parabolic chart then you would surprise that after so many crashes it never got zero and after every crash it always got high in price.so on the basis of these facts I can sat that BTC is superior to all Altcoins and entire crypto is dependent on BTC.

[rudox]

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 leader and it is the offshoot of all altcoins. It leads the market and what affects bitcoin positively or negatively affect all the altcoins same way.

[pabpete]

Bitcoin is the first crypto coin also is the king, so bitcoin is the most expensive then others. Then bitcoin lovers or users will be very much, which makes bitcoin prices become expensive.

Supply and demand are the two most fundamental concepts in modern economics, and they have a dramatic impact on one another. If demand outstrips supply, then prices tend to rise.The higher the demand for bitcoin, the higher prices will be.

[Javelie]

Bitcoin price is very low few years ago. If you just join now then it is normal that the price is very high since you missed the opportunity to buy Bitcoin at low price. It is the same for every stocks in the market (Amazon,apple,Twitter,facebook). You can buy other cheap coins If you want but it will not be Bitcoin.

[tuikindu01]

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

Because the total amount of wealth in the world is increasing, and the number of bitcoins is limited, there are only 21 million, the price is fluctuating, the market demand is getting higher and higher, and the overall price is soaring.

[Medanie]

Bitcoin is the first cryptocurrency so most easily known to people, more and more dev. Which continues to develop bitcoin so as to make bitcoin steadily popular compared to other cryptocurrencies.

[upisdown]

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. 

[upisdown]

There's one thing we should take a look at is according to WJ, 80% BTC global transactions are from Japan, Korea and Vietnam.
It makes me remember to the financial crisis of 2007–2008.

[Leane Lee Natividad Cuenc]

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 high price compare to other coins because there is a good strategy for selling and buying,or maybe because the manager of bitcoin is good to manage.Well whatever it is I like much Bitcoin and it is good to be part of it.

[GWS My Boy]

bitcoin is the parent of all altcoin and is the first product of cryptocureency technology, so no one controls bitcoin and the amount is very limited and if the demand for bitcoin is high then the price will continue to rise and altcoin follows the increase so it becomes a bitcoin entity and the altcoin can't separated and mutually excel

[eriwis]

I think when bitcoin looks up from day to day, then investors start off altcoin to buy bitcoin. This may make the bitcoin price higher and altcoin tends to decrease. But chances are that it will not happen in 2018.

[aces777]

Bitcoin is the entry and exit point of crypto world and thus its demand is very high, which leads to increased buying pressure and thus such higher prices for it. Also Bitcoin has a first movers advantage and is the oldest crypto currency which also helps it as its community is very big and active.

[dnxfgjhk]

Because Bitcoin is globally recognized globally, many investors use Bitcoin to invest their money instead of putting money into the bank. The demand for Bitcoin makes the price too high. Of course, there is also a high possibility of low-cost supply to realize its value growth.

[Felimon]

The total marketcap of bitcoin still not = 10% of Facebook cap, and crypto is turning more important to life, so the price have big potential to grow like what Facebook did. Hold on and get big rewards later.

[Zaidaskin]

That is why studying market trends is very important in this industry. But I think the crypto distribution in geography will also greatly affect the trend in the crypto market, but probably not on bitcoin but only on certain altcoins.

[Strymex_ru]

It is not an easy question to answer. There are a lot of factors that make BTC price as high as it is. Among the most important ones are: 1) It is the first cryptocurrency;2) It exists the longest period of time;3) It is the most popular one.

[baby25]

if i'm not mistaken the price of bitcoin is high because there's a lot of investor investing to bitcoin. and it is in demand in the market. usually altcoins rises because of the investor

[Jordanuttos]

The logical law of the market - the more popular bitcoin becomes, the more expensive it becomes. This is the main problem of the world of crypto currencies - they have to gain popularity. Many did not believe in Bitcoin - and now they are already in a hurry to invest in it, because he won trust.

[hellyeahent]

I am sure that this summer we will see a new hysteria at the price of crypto currency. Masses always first enter the market, when the prices for the currency start to increase, and then massively leave it at the first falls. This should be taken into account in order to trade profitable.

[Early_Waffle]

Personally, I can regard bitcoin as Internet-gold by sovereignty. After all, this is the only worthy and promising alternative strategy for investment. Very many were able to get rich seriously, others would have done it too, had they not panicked and were in no hurry to sell their coins.