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MiChaeng
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April 24, 2018, 05:30:35 PM |
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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 first coin to appear in the crypto world compared to other coins. The bitcoin itself can be called the king of all coins, so it's only natural that the price of bitcoin coins is so expensive. the popularity of bitcoin is worldwide and many countries use bitcoin. maybe that's my opinion about the high bitcoin price compared to other altcoin. if wrong please correct again. |
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admtall
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Activity: 322
Merit: 10
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April 24, 2018, 05:38:56 PM |
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I think due to increased media coverage a lot of people who didn't previously know about BTC are looking to invest into it now, which in turn creates high demand
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@ophiuchuss13
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Activity: 224
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April 24, 2018, 05:43:31 PM |
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increased demand gave birth to such a price for bitcoin, and of course advertising and when everyone saw the first jump in price, of course they wanted to earn. support from investors and people who are interested in this growth
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X-avier
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Activity: 406
Merit: 10
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April 24, 2018, 05:47:44 PM |
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Any price depends on the demand of the audience. This is the rule of any asset, and if Bitcoin had a small demand, then its price would be much lower!
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bulgar_84
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April 24, 2018, 05:49:36 PM |
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Everyday new peoples are coming and they are investing to crypto world, everybody buying btc so prices are going up, it is normal I think. And people sell their coins and price go down again, it is normal like increases.
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' | WSPX | | | .
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' WSPX . ║║ ║║ █[/b] WebSpaceX Technology Artificial Intelligence Solutions ▬▬ ● W ● ▬▬▬▬▬▬▬ ● S ● ▬▬▬▬▬▬▬ ● P ● ▬▬▬▬▬▬ ● X ● ▬▬ ANN Thread ► Whitepaper ► Github ► Twitter ► YouTube ► Reddit ► Medium .SALE ..01 JAN 2019. |
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Vandemos
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Activity: 280
Merit: 10
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April 24, 2018, 06:12:02 PM |
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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 |
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terible.hunter
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Activity: 490
Merit: 10
Bitfresh - iGaming with 90s UI
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April 24, 2018, 06:18:51 PM |
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The price of bitcoin today is not as great as it seems to you, because today is just the beginning of the long road ahead, there are a lot of rumors today about what will happen to bitcoin, but it still grows and nothing happens to it.
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xaviervilla
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April 24, 2018, 06:46:52 PM |
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Everyday new peoples are coming and they are investing to crypto world, everybody buying btc so prices are going up, it is normal I think. And people sell their coins and price go down again, it is normal like increases.
Normal people buying and selling can't really affect the prices that much if you think about the price today. In my opinion, the thing that really makes the difference are the big investors or the whales in this industry that can put hundreds of thousands or millions which can massively affect the prices. Small people like us can only ride on the pump and dump schemes of this whales and make the most of these scenarios to earn more. |
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gawuk
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April 25, 2018, 05:25:41 AM |
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Bitcoin is bitcoin, maybe bitcoin will still be the first. Perhaps most new investors will first buy bitcoin before buying altcoin. But I think the limited supply that makes bitcoin prices can not be pursued by another coin.
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toop548
Jr. Member
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April 25, 2018, 05:40:06 AM |
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At the time, Nakamoto established two important rules. First, the total number of Bitcoin worlds is only 21 million. The total number is limited. This logic corresponds to the logic of gold, which means that the entire global gold reserves are limited. It's so much so it can be used as a currency.
Second, gold was digging this thing. It was very easy to dig gold at first. In the past, we said that a bunch of gold miners in the western United States could start scouring gold in the sand by the river. Afterwards, it was more difficult to bomb the mountains. It used machinery, hired more people, and had mines. Afterwards, if the mountains were to be frightened, gold could not be found. It was becoming increasingly difficult to find gold.
Bitcoin is also the same. In the beginning, a block placed 50 bitcoins, and a block was released every ten minutes. After four years, bitcoin's algorithm automatically puts the number of bitcoins in each block. Halve, reduce it to 25. Every time, Bitcoin in each block is halved, and like gold, it's getting harder and harder to dig.
So you understand that the logical setting of Bitcoin is exactly the same as that of gold.
So, you can think of bitcoin as digital gold.
Cash, gold, and digital gold all have a natural characteristic of being anonymous.
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Latviand
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April 25, 2018, 06:28:52 AM |
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At the time, Nakamoto established two important rules. First, the total number of Bitcoin worlds is only 21 million. The total number is limited. This logic corresponds to the logic of gold, which means that the entire global gold reserves are limited. It's so much so it can be used as a currency.
Second, gold was digging this thing. It was very easy to dig gold at first. In the past, we said that a bunch of gold miners in the western United States could start scouring gold in the sand by the river. Afterwards, it was more difficult to bomb the mountains. It used machinery, hired more people, and had mines. Afterwards, if the mountains were to be frightened, gold could not be found. It was becoming increasingly difficult to find gold.
Bitcoin is also the same. In the beginning, a block placed 50 bitcoins, and a block was released every ten minutes. After four years, bitcoin's algorithm automatically puts the number of bitcoins in each block. Halve, reduce it to 25. Every time, Bitcoin in each block is halved, and like gold, it's getting harder and harder to dig.
So you understand that the logical setting of Bitcoin is exactly the same as that of gold.
So, you can think of bitcoin as digital gold.
Cash, gold, and digital gold all have a natural characteristic of being anonymous.
Why the price of bitcoin is so high, i think it is because of the demands of bitcoin. The demand is so high while the supply is so limited. That's the main reason why bitcoin price is so high compare to other altcoins. If people continue to demand bitcoin, then the result is bitcoin price will continue growing. |
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Gamerholic
Sr. Member
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Activity: 843
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8V Global | 8v.com
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April 25, 2018, 07:14:08 PM |
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9 thousand for bitcoin is a lot or a little? High or low? I now think that people have psychologically left a mark at the level of 15-20k in consciousness. And so they are waiting for such a fair price in their opinion that they have already seen and can refer to it. Another psychology of human consciousness gives him the hope to see again the level he has already met - it no longer seems unreachable to the person, unreal. Means the price can and will leave above 20к - it is obligatory. Just need to wait a little. Remember - until you sold, you did not lose%)
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Robin,Hood
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April 25, 2018, 07:43:08 PM |
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Why is the price of bitcoin so high Because it is proper crypto-currency with limited supply and only 18% remaining to buy |
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icoprofits
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April 25, 2018, 07:47:31 PM |
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Bitcoin price is variable we cant expect to have one fixed price we should be prepared for up and down very often because it is decentralised in nature
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infested
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Activity: 160
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April 25, 2018, 07:48:48 PM |
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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 You should not care so much about the price. Market cap is a more important indicator for the condition of a coin. For example there are shitcoins like "42-coin" that cost 3 times more than bitcoin (30k) but have a laughable market cap of 1 million because noone is crazy enough to buy them. Price is pointless in that sense. |
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Zanuar003
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Activity: 112
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April 27, 2018, 01:10:37 AM |
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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 yes right, for now bitcoin is the highest. next ETH. so if you want to invest better in both coins. |
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amaha cris
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Activity: 112
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April 27, 2018, 01:18:54 AM |
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Because bitcoin is the first one to be widely used and popular throughout the internet. It mostly represents cryptocurrency, so if cryptocurrenciy gets popular, bitcoin is the first one to be recognized.
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RKSummer
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April 27, 2018, 01:49:05 AM |
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Basically right now almost nobody is buying bitcoin for its usage like it was meant to be, everyone is buying it now for a quick profit.
One of the reason why bitcoin price is high is for being the king of all cryptos and for being so popular. Another reason that makes bitcoin price so high is due to high demand. But that high price is not stable, it may goes higher and higher and then suddenly it goes down. Maybe it depends on the supply and demand in the market. |
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hsnjtdj
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April 27, 2018, 01:55:52 AM |
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Because Bitcoin is the first cryptocurrency in history, another reason is the limited number of Bitcoin. If Bitcoin becomes a widely used circulation currency, its value is obvious.
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chuanpu
Newbie
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Activity: 75
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April 27, 2018, 02:20:15 AM |
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Bitcoin and blockchain naturally have a clear ownership system. As long as you have a private key, this is yours and nobody can grab it. Any kind of currency, as long as it belongs to you, because of the property of the blockchain, this kind of property that you belong to is so guaranteed, this does not require law, does not require the government, we only need to believe in mathematics, we clearly know this The stuff really belongs to me. I think this is the value of cryptocurrency.
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