Why is the price of bitcoin so high

[Drakula]

The price of bitcoin is so high because it is be best coin, it is the mother of all other coin. Altcoin are generated from itcoin. The price of bitcoin will be high because it is the most accepted coin and has a large community, there are many companies that accept bitcoin as a means of exchange or it can also be used for trading. Most altcoin even use bitcoin for their exchange.

Bitcoin value is affected by different factors involved in the industry such as market fluctuations, demand and supply law, many more. Also the reputation built in the name of bitcoin is so famous to the players since its a very great coin. They even call it the king of all coins.

[ofeefee]

Bitcoin was the first cryptocurrency and people trust on it, that's why price is so high. Unfortunatly price stucked on $9K nowadays, but it will recover with time.

Yes, the people trust it, because Bitcoin is the best coin. The demand for Bitcoin as always raising, the supply is limited and this is pushing the price higher and higher.

[CoinboyBebop]

Why do you think that the price for bitcoin today is so high?In the past when bitcoin was 200 dollars, people also thougt it was high back then. I think on the contrary that bitcoin should cost far more than what it costs now, so this is a very unclear question. Taking into account, how much remains to get bitcoins and taking into account the fact that the team integrates lightning into the main network, bitcoin will soon cost around $ 100,000.

[ferrari123]

Bitcoin originally start from cheap price. Because he was just started.
I think bitcoin ramp up to this high price because of many ICO now, the demands increases because of new ICO.

[adsas08zbb]

In addition to stable prices and tend to increase, bitcoin is also the parent of coins that are created today (altcoin) and the first crypto is bitcoin.

[hydrococo]

The high price is certainly not through a short process. It's the length of the process that bitcoin has gone through. Until now the price could so bounce. I really salute with this crypto mains this one. Because until now still can continue to maintain the position as the number 1 coin in the world of crypto. And I'm sure it will always be like that.

[SnapFX]

The cost of Bitcoin is high for the reason that it is a coin No. 1 among cryptocurrencies. She leads all altcoins.
And generally speaking, demand gives rise to the offer. Demand for bitcoin means it is high.
One more reason: now mining at the price isn't favorable lower than 8000 therefore the bitcoin is above this mark.

[rodicadior]

BTC is the original coin. As more and more want to buy it the price rises. It’s a market and that’s the market rate

[Tetep Mesem]

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

the price of Bitcoin is high and continues to increase, iii is influenced by the growing development of Bitcoin and Bitcoin enthusiasts.
because these two factors most affect the price of Bitcoin for the time being and the future. so the price of Bitcoin becomes steadily higher over time.

[Sithara007]

This is why I have always said that we should go for a hard fork, which will divide each one of the existing Bitcoin by 1,000 or by 10,000. This will get the exchange rates below $10 per coin and get a lot more investor support. One of the reason why Ripple is able to attract so many users is due to its very low price per unit ($0.7 per coin).

[victorscrown]

Bitcoin's price is getting high because of it's position in the market and aside from that it is the king of the cryptos and many investors invest on it.

[tahsanabir]

How Bitcoin Prices Has Increased Stratosphere. The reason for the rise in Bitcoin is that Bitcoin is nominated worldwide and is acceptable in most places.

[mary cury]

Bitcoin is like gold that has limited supply, the limited supply and the more people who want to have it will definitely go up.

[yanimkurniawan]

because for us people who invest in bitcoin every day more and more, so bitcoin prices always rise higher every day, so for us will easily generate more profits.

[shfdj]

A large part of the value of Bitcoin comes from people’s faith in it. People believe it is valuable and willing to use and accept it. The number of Bitcoin is constant and it is a limited resource, so the price will also increase.

[raldix00]

Maybe it because he is the first crypto currency and the oldest currency in the crypto world. Thats why he was so demand in the market. So lucky to those people who buy bitcoin in his first out in the crypto.

[zero9119]

Currently BTC is worth more than $ 8k, downward trend of the market is not finished so I think that if you want to buy in the BTC now investors can wait for it to buy more. In the long term, investing in bitcoin is a very stable investment because it is being accepted in many countries and other forms of payment.

[mbahsastro]

It feels extremely reasonable price bitcoin if such could be high. Because of the bitcoin is the first digital currency. The amount is extremely limited. and a symbol of the birth of the crypto world.

[ethergod]

There are a number of factors. Bitcoin is very scarce and expensive to mine. Combined with growing demand as a store of value, the price must go up. Possibly once the Lightning Network is fully deployed and transactions are cheap again, the price will explode higher.

[Crytptomeniac]

It is due to the demand of the coins in the market. Also the fact that bitcoin has such a limited supply that will ever be in circulation helps to increase its value as people want to have some of the coin before the supply runs out. There is also the fact that it was the first coin so it is only natural that it grows so much above other coins.