Why is the price of bitcoin so high

[@ophiuchuss13]

prices grow only if there is an increased demand for the product. bitcoin very quickly gained momentum and is now the most popular e-currency on the market.

[dnsokoljuk]

Why price is so high? Reason's is the same - which has a high price of a gold. Bitcoin is a have a "father coin" right's how a first cryptocurrency and currently bitcoin have all chances to replace gold and became new generation value. It is more simple and safety keep Bitcoin than anything other's.

[tulpash]

Why price is so high? Reason's is the same - which has a high price of a gold. Bitcoin is a have a "father coin" right's how a first cryptocurrency and currently bitcoin have all chances to replace gold and became new generation value. It is more simple and safety keep Bitcoin than anything other's.

Just a large number of people agreed that bitcoin has the highest value. I think that this is because of the huge popularity of this crypto currency, which is in bitcoin because it was the first. But in a few years everything can change a lot.

[igor2727]

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.

[wooiuy]

Some of the investment products are, why is Bitcoin particularly valuable? This must take into account the nature of Bitcoin itself and also consider the course of history. Bitcoin itself is conducive to value-added, and history, it has indeed reached the process of making Bitcoin price increases. In recent years, the pressure of economic downturn has been great and the global economy has slowed down significantly. In this case, people tend to buy hedged investment products rather than investing money in consumer products or production areas. Bitcoin is a good place for investment.

[Robin,Hood]

Just watch the wedge being applied

more
https://bitcointalk.org/index.php?topic=3354538

[_yoshi]

Its simple. The price of bitcoin is just created by supply and demand. In the past months, the demand of bitcoin was very high. Many people used it on the dark web to make some transaction where they want to stay anonymous. So the seller there accepted just bitcoins. And after the price of bitcoin is getting higher and higher, the mainstream media make it publich and bitcoin gets more famous. Everybody want to invest in bitcoins, and the demand exploded. Thats why the price hits twenty thousand dollars.

[Athlean]

I think that Bitcoin will not take a leading position for long, because it is no longer a guarantee of stability. Previously, everyone thought that he would never collapse, but would only grow in capitalization.

[Sirenny]

People trust to bitcoin and ready to buy those overpriced coins because they think they will become rich in few days. They are just don't understand anything.

[rackam]

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

Now, look on price, is it high? No, it is time to buy, because we have successfully survived the consolidation phase. Rolling out!

[Joshyoba]

This is so ,it might be that there are many who join the bitcoin activities and there are lots of investor pouring their money on crypto, and maybe there is strong promotions of bitcoin and investors grab it that makes maybe the price of bitcoin is so high.

[Huawei8877]

Most likely, the technology used by bitcoin does not play a big role here.
People just believed in it and started investing, many began to notice the rapid growth of this coin and also began investing in it, so at the moment it is in demand and supply 

[miner7788]

The price of bitcoin so high because, betcoins has limit, all people are interesting bitcoin and want invest money in it. There is first crypto in the world. Few mount ago bitcoin was about 17000 dollars but now about 7. So now it is not high so much. In my opinion now the better time for invest money in bitcoin.

[Marina17]

I dont think, that the price of bitcoin is so high now, after all, we saw the price of $ 20,000 for bitcoin. It is now possible that a new price record, including total market capitalization, will be reached.

[Vandemos]

I dont think, that the price of bitcoin is so high now, after all, we saw the price of $ 20,000 for bitcoin. It is now possible that a new price record, including total market capitalization, will be reached.

it seems that bitcoin prices will go into the price of 10k usd,
I'm very confident, so do not sell bitcoin now

[sshirisha]

Bitcoin is so high because it has experience in the market.. And many countries buy them... All altcoins follow bitcoin.

[jame lie]

Yes, Bitcoin is the original one, so is it superior. But, I'm not sure, that the situation with it price will be the same for far future. Everything is changes. And I think, we will see the other crypto coin which become more popular... but not now.

[Herbys]

Now is not the high cost of Bitcoin, compared to the expected more than $ 20,000 by some "experts".

[GreatBug]

People trust to bitcoin and ready to buy those overpriced coins because they think they will become rich in few days. They are just don't understand anything.

So for you it isn't true? Of course they won't be rich in few days buy in some months or years? You think that it is impossible? People are making money that way for some good years since bitcoin has started.

[JRACPJRL]

The majority of the general population contribute the bitcoin and hold the bitcoin for the future contribute enhance for the future development. You will take in more data for future sparing. Individuals now about the bitcoin you will learn it. Bitcoin is future cash so it will use for the future exchange process. Bitcoin will be interfaces the general population and offer some procedure data.