Why is the price of bitcoin so high

[Candice]

Cryptocurrencies are traded on exchanges. And exchanges are markets, there are sellers and there are buyers. When the market sells a lot of goods, the price falls. Converselly, when demand is greater, the price increases. That's the answer.

Yes, a big reason is that he laid the foundation of the encrypted world. There are too many people in support.

[galestorm]

I think it has something to do with bitcoin being the first currency created in a virtual platform and how it has gained a multitude of investors and buyers altogether. When it was first introduced, bitcoin generated a lot of hype among the public and has continuously increased its demand ever since. Considering that it was the first cryptocurrency, it has caught the attention of potential buyers and investors seemingly curious and interested on the said currency.. well that is just my speculation on the topic

[honghe99]

I think this is the belief that the value of BTC will be higher. Because the Central Bank squeezed citizens by relaxing funds. This is very unsatisfactory. What we need is a currency that is not manipulated. Cryptocurrency is really good for all of this. It is also a millionaire who brings money to get rid of the supervision of this country. Known as money laundering.

[HERMESH KAUR]

Being Bitcoin is the first coin of crypto world and other coins follow and it is also acceptable in some countries. Therefore, the Bitcoin price is so high.

[andongdanisi]

It has been 9 years since BTC appeared in 2009. In the process, its price has been ups and downs. Over the past nine years, more and more countries and peoples in the world have come into contact with and understand it. Only a few people believed at the beginning, but the number of its supporters has increased by tens of millions. Because of BTC, many people have "beliefs." It has reached the altar. This is the greatest discovery since the 20th century.

[Bitze]

Being Bitcoin is the first coin of crypto world and other coins follow and it is also acceptable in some countries. Therefore, the Bitcoin price is so high.

agree 
and high or not high is relative. 9000 USD for BTC may sound a lot. but may be cheaper than 0.01 USD for a shitcoin

[ts sms]

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 prices are much higher. Because Bitcoin is a currency that helps in increasing prices of all the currencies. Tatsa Bitcoin is the digital currency. Tasha Bitcoin is regarded as the father of Coinmarketcap.com. On the other hand, we can do the work of Bitcoin. As a result, it is possible to change our livelihood. So Bitcoin needs so much.

[Lilianaser]

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, of course, the price of Bitcoin is very high. Because Bitcoin is the first crypto coin and has a lot of its enthusiasts. Moreover, the amount of Bitcoin is very limited but enthusiasts Bitcoin very much. This is one factor that causes the price of Bitcoin can be very high. In addition to good Bitcoin, Bitcoin also has proven promising.

[BlackRacerX]

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

Basically, it is because of the Law of Supply and Demand. With greater demand, comes greater price and with lesser supply comes greater price. Since bitcoins have been in-demand for a couple of years now, it has grown in value in time. Bitcoins might even be the first cryptocurrency to reach a 6-digit value.

[xdtiagonzhar]

this is the largest project on the cryptocurrency market. no coin can not be compared with bitcoin for any indicator. the wave of bitcoin purchases continues and until it stops the prices will be higher and higher

[mario00]

It is due to demand. People have started using bitcoin which means that it is valuable so the price of the coin rises accordingly to that. Once a lot of people start buying into a single coin, that coin becomes very valuable which is what helps to increase the price of the coin. This is what happened to bitcoin

[Pan Troglodytes]

It is due to demand. People have started using bitcoin which means that it is valuable so the price of the coin rises accordingly to that. Once a lot of people start buying into a single coin, that coin becomes very valuable which is what helps to increase the price of the coin. This is what happened to bitcoin

And it will go up. Because the demand is still not fully realized, in its full potential. I really expect the price of bitcoin to hit 100k in 3 years time - we may see another dip before that happens, though.

[VazLorde]

i think btc can we suppose as auction material, everybody offer high price in selling it, used to btc cheap, but the process lasted many years

[Advicerabi]

Its because of markets demand. People want to invest in bitcoin, because it is trusted and more efficiency to the other coins, so that there is many investors to it. And  I think in the near future the bitcoin price will be more very expensive.

[AltcoinAuthority]

i think btc can we suppose as auction material, everybody offer high price in selling it, used to btc cheap, but the process lasted many years

Bitcoin is used as a small bargaining chip that replaces the need for fiat. Though I am not so sure how long it will last in the real world.

[lalatao71]

If have many investors invest on bitcoin it was a chance of the bitcoins will going to rise the value, We know some altcoins were going to trade in bitcoin so that we change in to money and i think bitcoins it is a root of all the altcoins.

[KayceeMae]

an important aspect to this is cost incurred in mining of a Bitcoin. How will this cost be recovered. A massive loss to economies can occur if such cost is not recovered in the system.

[grinifols]

The issue of coins is limited to 21 million Bitcoin. This means that endlessly issue cryptocurrency will not work, and it goes into the category of scarce goods.

[FoBoT]

I believe the reason why the price of bitcoin is so high is because it is the oldest and the best crypto, it has a very large number of investors who are investing in it almost on a daily basis and it controls prices of most coin in crypto.

[KOF97]

I do not think that the current price of Bitcoin is high.
I think his value is far from this.
Bitcoin is currently the value of cryptocurrency.
So I think Bitcoin will have higher prices in the future.