Why is the price of bitcoin so high

[Jimboqs]

bitcoin is so expensive because it is in demand and it has a great demand.

[karisiak123]

yes of course because bitcoin is a coin whose price is the highest of coin coins the other. and bitcoin is the first digital money. many people choose bitcoin for investment with multiple results.

[makmursentosa]

Because bitcoin is globally recognized throughout the world and that way many investors adopt it and  invest their money instead of putting it in the bank.And the demand of bitcoin makes the price soo high and of course the low supply the big possibilities to make its value grow up.

[numbertech]

Because that’s the price at which people are willing to sell BTC. There are more people wanting to buy than willing to sell. It’s a market and that’s the market rate. As for the reasons there are more people wanting to buy, that’s impossible to say.

[Virtuxq]

I think there are many factors. and the uniqueness and popularity around the world, and the trust of investors.

[Geleve]

because of the demand. and because of mining costs. it is not cheap to mine bitcoin because of the electric costs and equipment costs. so it is quite normal that it has a bottom price around 6k if it reduce below 6k miners can stop .

[masbimz]

Probably because bitcoin is the parent of cryptocurrency, and in some countries it has been legalized. Although there are still many who still turn a blind eye about bitcoin, but i trust many people already convinced of the value of bitcoin, that's why the price becomes high

[tobaccoleaf]

The cost of bitcoin is formed by consumer demand. Simply put, the more people want to buy bitcoin, the more expensive it will cost.

[Whichusell]

The cost of bitcoin is in fact nothing provided, except for the huge demand and its prospects. If there are willing to buy, the rate will continue to grow. And now the number of investors is very large and is likely to grow. Bitcoin has become incredibly popular in the media and the masses in recent years. Many investors are looking for an opportunity to purchase it.

[Merdeop]

First, bitcoin is the most famous cryptocurrency. Many people have not heard of altcoins, but know what bitcoin is. Also to buy altcoins, you first need to buy bitcoin or eth. Demand dictates price.

[deklitt]

yes over time bitcoin has grown and developed in various countries and because of features of bitcoin feature so as to attract investors to invest in it, and this certainly positively impacts the development of bitcoin in future as a promising business asset

[nev1d]

Because this is the very first crypto currency. Its popularity is due to the hype surrounding this crypto currency. Also age let it occupy top 1 of all crypto currency

[Tigerw]

yes over time bitcoin has grown and developed in various countries and because of features of bitcoin feature so as to attract investors to invest in it, and this certainly positively impacts the development of bitcoin in future as a promising business asset

If we compare Bitcoin with the level of 2016, when the summer price was 500 dollars, then by today's standards it is quite a lot. But if we look at the prices of 2017, then today we are in a rather bad condition.

[rhana_]

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

Investors are increasingly believing in cryptocurrency. The trigger is the legality of cryptocurrency by some major countries in the world. The development of cryptocurrency technology and the stability of some of the major cryptocurrency rates have contributed to this confidence. Rejection in some countries, including in China, has not succeeded in shedding investor confidence. so the price of Bitcoin continues to climb significantly.

[Riga]

I think Bitcoin should be much more expensive. Today the price is very low and I am fully confident that soon the price will go up. The Crypto-currency becomes a part of the world economy.

[childish]

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 will tell you about some reasons, the fact that the bitcoin was become the first crypto in the cryptocurrency's history. that means a lot of the demand gets centralized into the bitcoin.
The second caused by the fixed supply of the bitcoin. There are more adoptions to the bitcoin itself to pump the bitcoin's price.

supporters of Bitcoin itself increased, so to date Bitcoin has a lot of supporters. the more supporters will get better and make the coins increase quickly. for many supporters also affect the development of a coin and make it an increasingly developed and make the price high.

[POM]

Lately i don’t think it’s high, infact it’s low and many people waiting it to rise and grow again. On the other hand it’s sort of cliche but true, bitcoin is the king of the market. It’s obviously the most known and popular crypto all around the world and thats why people wants to buy and in this way they just join the crypto world.

[dravidadi]

Bitcoin is a leader one step ahead then altcoin. Bitcoin could be used globally, for  most of the people altcoins is new.   

[Adek nadia]

the high bitcoin price of course because bitcoin is the parent of all coins, altcoin lags far behind the bitcoin, let alone in terms of price. and also because bitcoin has many enthusiasts than altcoin

[nwanne]

The price of bitcoin is high because there is a huge demand for it. remember crypto market is about demand and supply, that is buy and sell, so when plenty people looking to sell and buyers are small then the price will go down but when enough people want to buy and few are willing to sell then the price goes up.