Why is the price of bitcoin so high

[kedolgov]

Its not high tho. When it will cost 300 000, thats will be high!

[Lilmon]

The price of bitcoin is not high but the demand is high. Its the demand and supply that fixes the value of something and since the demand is higher than the supply, the prices are high. In few years it will be even more high so buy bitcoins before you regret it again after few years from now for not buying it.

[Spaffin]

The price of bitcoin is now high, because it is based on an agiotage speculative demand for it. In fact, he really does not have and can not have such a high cost. Its characteristics do not differ so much from the characteristics of other crypto-currencies in order to have a value thousands of times greater. The higher the cost of bitcoin, the more it manifests itself as a financial bubble. Some altcoins are far superior to bitcoin in terms of functionality and cost thousands of times less than bitcoin. At the same time, bitcoin, which does not even fulfill its basic function of payment means, that is, the function of money, is valued so highly.

[idioma1]

Bitcoin is the original one the mother of all cryptocurrency, and consequently it issuperior. I read a lot of topics on Bitcointalk like "What cryptocurrency will replace Bitcoin".  If person asks such questions I can be sure that their do not have a clue what is crypto about.But bitcoin is considered to be a digital gold.

[m9shn9sh]

I think bitcoin is the existing coin king, so the price is higher. The bitcoin is limited so when the amount is exhausted then the price will be very high as the demand for bitcoin increases. But supplies a btc prices also affect altcoin prices, when bitcoin prices fall then altcoin prices will also fall..

[gandhe83]

The bitcoin price is too high in the cryptocurrency market because many people believe and use bitcoin. Bitcoin comes out early and is used as a new payment method. It is used as a tool for investors trading in the cryptocurrency market to seek profit

[efey39]

crypto currency is the largest platform and the most recognized coin bitcoin. all the people will prefer to invest in the bitcoin more. this is relevant to interest.

[IrReAr]

Bitcoin is the original one, so is it superior. There will be only 21 million of Bitcoins in the world ever, the demand to the shrinking supply is one of the major factor that helps with the growth of bitcoin.

[Quesdana]

i think its because of popularity and demand of it and it has a high value per btc and its getting more attention in many investors to get in there.

You are right, bitcoin now a days is very popular that almost everybody wanted to have a piece of it and in the process the supply became so scarce thus resulting in the increase of it's price.

[Chanock]

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, bitcoin value is much higher that altcoin because it is the main currency in cryptos world. Another why bitcoin is popular and many investors are interested in it that affect the price rise of it is because of decentralizing features of it. The value of bitcoin is too expensive because many investors continue to invest money within including the supports of the bitcoin community. Also, the demand for bitcoin today is too high with limited supply because bitcoin holders are still keeping their possession for future purposes and they still waiting for the dream price of more than 20,000 USD.

[upisdown]

Bitcoin is the first and strongest crypto currency in the world. No one can outrun it in popularity or in price. All investors are interested in its growth and support its development!

[Vaniaevergarden]

nah it's just a beginning of bitcoin. I promise you that price will be rise for a several years for sure and it will be something about 30k of usd. More and more people become undestand what bitcoin is, and that's why almost every one wants to buy it.

[clipman77]

Other crypto currency is used as a test pad, all the best developments and solutions will eventually be added to Bitcoin. Bitcoin is digital gold in the world of blockchain and cryptography, the price has remained the biggest for many years.

[akeda]

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 can be as high as this because it has an ever-increasing development. so Bitcoin is able to stay at a high price and level. besides that, the growing level of Bitcoin enthusiasts increasingly supports the Bitcoin position.

[markovi4mark]

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.

[silver23]

Because BTC is limited.
Just 21 million coin BTC.
Times keep running and BTC is to hard to mining.
Than make BTC is hight price.
And we know the first coin in cryoto and early coin is BTC.
Thats why BTC is in a High price from now.

[tranbao194f]

Bitcoin is high becuse is great demand for him. A great demand for him is becouse every moment he has less and less. People dig up bitcoin and he is limited. And that gives him a high value,becouse it is limited. Just like a anything,like gold or everthing is it less and less on the market..

[mx667]

Because BTC is limited.
Just 21 million coin BTC.
Times keep running and BTC is to hard to mining.
Than make BTC is hight price.
And we know the first coin in cryoto and early coin is BTC.
Thats why BTC is in a High price from now.

First of all, I can only give you some simple information to answer your question. Bitcoin is high becuse is great demand for it. The btc is the new revolution of money transactijon. A great demand for him is becouse every moment he has less and less. A lot of people want btc. People dig up bitcoin and he is limited. And that is why a lot of people want to have btc. And that gives him a high value, because it is limited. In the other hand, the blockchain is limited and will run out someday. Just like a anything,like gold or everthing is it less and less on the market. People cannot mine btc forever, it will reach it's limit sooner or later. So the that is why, the price become so high.

[Anna8]

Because there is a demand and people believing in bitcon. I think it is still underwalued, I am waiting it near 100 000 USD.

[B{o}T]

It's so high mainly because of thousands of users flocking to buy a piece so that they can ride Bitcoin until it reaches $100k, $200k, or even $1mil as so frequently hyped on media.