Why is the price of bitcoin so high

[Raffaele Rago]

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.

[DrYe5]

Because bitcoin is in the highest stronger coins and have more demands in the market, that's why bitcoin price is so high.
and also bitcoin Is the first crypto coin so bitcoin price  becomes more expensive.

Ultimately new and old users are testing the limits Bitcoin system that, for a decade, has been untested. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the cripto currency.

[Evangeline2]

As more and more people buy BTC, the price of BTC is higher and higher, and the cost of BTC is high, and the number of BTC is also capped. All this will lead to the price of BTC going up.

[MOG247]

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

Bitcointalk is so high because it is the first cryptocurrency and all other altcoins follow suit. The first you need to learn when you enter crypto is bitcoin then altcoins.

[phuonganh050598]

Bitcoin is the first in crypto. because many market demands are too high so Bitcoin prices continue to soar. No one can outrun it in popularity or in price. All investors are interested in its growth and support its development.

[southcat]

I think the demand in the market determines the price of virtual currency. Bitcoin is very expensive because of the large market demand.

[air_droper]

because bitcoin is the first cryptocurrency. because more and more people are beginning to believe in bitcoin and invest in it. the demand for bitcoin is growing every day, so the price is growing. then necessarily comes the correction, but then comes a new wave of growth.

[amaterazu]

Its because the coins already been for a long time and peoples hold a lot of them. Peoples are new to crypto also want bitcoin for investment and trading, thats why the price getting high and high.

[kenborbs]

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

I can't argue that the bitcoin is the best digital currency in the market that's why the price is too high. Bitcoin is the grand father of all cryptocurrency, and that is the reason why other coins exists in the market. It has the largest market cap and trading volume that is why it so volatile which is risky to invest with. Being superior in the market is not easy, because there will always be threats, especially in hacking the coins of some abusive people. Its all where it started, and we really don't know when the era of bitcoin will end, maybe some altcoins will replace bitcoin as being the no.1 cryptocurrency in the market.

[Yoyo chan]

Bitcoin it is censorship resistant and can be decentralised and used peer to to peer as currency eventually beyond the control of governments and banks.

[454875kio]

Bitcoin has proven technical excellence and forerunner. Block chain bitcoins have been around for a long time and have accumulated a lot of trust in recent years because it is reliable and safe. What should not be underestimated in bitcoin is that the price is a large community that has been around bitcoin for years, and the more people believe in the currency, the higher the price.

[cryptonad]

Bitcoin price is high because it is the pioneer in the world of crypto. The first cryptocurrency that can be use to purchase goods and services. At the same time the first that can be convertible to fiat and vice versa. That is why some considered bitcoin as the king.

[otto2012]

Because over time it becomes more difficult to mine, the reward for the block falls. Potential growth in bitcoin is very large.

[dwiady]

this is not about the original coin or not, it's a matter of which coin is the main pair. such as dollar $ is the unit of value that becomes the unit pairs of money form internationally

[van jones2594]

I think because a lot of people are buying large quantities of COINS COINS of the price is very high, you might think that now the currency of the price is very high, that's all right, look back many years later, COINS may be of very cheap now

[Freldo]

Bitcoin is the original coin, that`s definitely the reason why it`s so expensive.

[Natium]

The first is that bitcoin was created first and first gained popularity and was invested in it, then it became stronger in the first position and is not going to lose, because if it becomes the second then most likely after a while it will slide far down.

[hlopchik3000]

Well, it depends on which side to look;) In my opinion the price is very low

[coinbitw]

Too obvious, because it is the top 1 crptocurrency in the whole world. Many challenges/experience bitcoin was for to be on that spot and be well known coin in crpyto. Bitcoin itself now affecting transaction online daily and the technology we are dealing with

[jacquelinecr]

The laws of supply and demand are what drove the price so high. Bitcoin is the first coin and the only one that is so vastly known all around the world, it's only logical that its price would be as high as it is and as more people want to join this market for profit the more the price will rise.