Why is the price of bitcoin so high

[dalimex]

People think bitcoin is the safest investment. In addition to a little supply, of course big name bitcoin will be a guarantee until whenever.

[amirsambudi]

Itu tergantung dengan supply and demand, saya melihat saat ini supply bitcoin hanya sedikit dan masih banyak permintaan, sehingga dollar dan nilai mata uang lainnya yang akan mengejar bitcoin

[Sri Asih]

I think bitcoin is expensive because of its advantages. Besides the amount is very limited, maybe anonymity makes people start to exchange their assets with bitcoin.

[klim75]

Bitcoin is the first cryptocurrency, the amount is  limited, the demand for bitcoin is high, that's why  the price  of bitcoin continue to rise.

[aelinsleague]

This is because of the financial groups who are now offering investment programs and uses bitcoin which is the reason the price skyrocketed to 20K USD last December.

[xGeraValerax]

at different initial positions approximately the same quantitative growth of capitalization gives absolutely different relative values ​​of rate growth. For example, if we take the conditional figures, then for the rise, through the growth of the exchange rate, the capitalization of a large altcoin (let's call it the alpha-cocaine) by 5 billion USD, it will take approximately the same effort and expense as for raising the capitalization of some not very well-known altcoyin by $ 1 billion. USD (let's call it conditionally betacoin). But if the capitalization of alfacoin was equal to 50 billion USD, its rate will increase by only 10%, while in betacoin, with capitalization, for example, in 500 million USD, raising the capitalization by a billion will mean trebling of the price of altcoyin.

[tantegope00l]

Of course bitcoin prices are very expensive, big players will not let bitcoin be cheap. If bitcoin is cheap, there will be no new investors interested in cryptocurrency.

[Hilga]

The price of bitcoin so high because is the first coin made in cryptocurrency world, there for it's fair if it has the highest value.

[BitcoinPaw]

Bitcoin was created in 2009 and people have trust on it. At my opinion trust is the main thing why bitcoin is that popular and expensive, because comparing  advatnatages ethereum is better.

[Rollkal]

In my opinion, there are too many new entrants to the market, and the amount of BTC buying seems to be growing. This has pushed up the prices of BTCs during this period, and I believe they will continue to rise for the time being.

[santafewarrior1980]

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 so high because bitcoin exist in so many years and is pioneering among all crypto and I think the increasing investors daily make bitcoin in high demand and pushing to increase it's market value.

[sergeykravcov177]

Bitcoin has exorbitant fees and it is not suitable for everyday transactions. Hence it can't serve the purrpose for which it was initaly created. Bitcoin has become a speculative instrument and most people buy it only because its price keeps rising and they hope they can sell before the crash. Obviously this is not a healthy situation.

[Ojodibanned]

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

high prices are usually heavily influenced by developments and levels of interest. for the development that occurs in Bitcoin is always increasing from time to time. so Bitcoin becomes so strong with time. and with strong Bitcoin is able to become an attraction for enthusiasts who will choose Bitcoin.

[lkcryptoman]

perhaps the first Bitcoin coin in the world of crypto and altcoin is a bitcoin follower. bitcoin is nominated all over the world and is acceptable in most places, whereas most people are not aware of altcoin nor have value but are still under Bitcoin.

[akminer]

Bitcoin is leading and popular coin, Its demand is more and investors are more but no maximum supply.This is reason Bitcoin price going increase.

[msycitizen]

On pricing is very influenced by the hype in the press. Good news - up, bad - falling. It makes sense to have an understanding of the situation and act from it.

[Haladay]

I cannot say the price is extremely high in bitcoin. It can actually be higher with this demand. Demand is really huge and it will result in price inflation with time. We better expect higher prices in the upcoming time, from bitcoin.

[Zelezinskyi]

It is the most valuable one because its perceptional basis has a longer history than others. He is like digital gold. Although at the moment some altcoins outperform bitcoin by technology, but still bitcoin will remain the first.

[eMaxie]

Bitcoin's price is supported by miners and its popularity. It's price defines the prices of most altcoins and most of the projects depend on Bitcoin's price when releasing their tokens. But there are some interesting ones that may not be so connected to BTC price.

[ridertiger]

I would say it is not high enough. Now that it is slightly below under 10K, I am happy, but I hear stupid Goldman Sachs will be doing futures instead of a proper bitcoin desk, which makes me sick.