Why is the price of bitcoin so high

[grumpylittlepoodle]

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 the first ever coin in cryptocurrency the more that the market is changing and more advance the more the bitcoin is progressive in that changes so i think bitcoin is the first who adapt the high price of crypto. That is my own opinion.

[Jongos123]

the reason for bitcoin prices is high because bitcoin is the king in this crypto world, the king of all altcoin that exists. and to understand this crypto world one must know bitcoin first. plus bitcoin is the strongest, highest, and more demanded coin in the market that's why bitcoin keeps on increasing

[Bakpau222]

the reason for bitcoin prices is high because bitcoin is the first coin in cryptocurrency, bitcoin is also popular coin, king of all coins there. that's what makes the bitcoin price so high

[Guli]

Bitcoin is the First Virtual Cypto Currency that is very Popular among Investors. Many new people are starting to see the Potential of bitcoin as a Promising Investment Place, So They invest in Bitcoin they buy a lot of bitcoin for them to save as An investment.

[lanalang]

Yes, Bitcoin is superior and supreme, because of that, the price of it is so huge comparing to all other coins, there is no other coins, that can be even close to its price, for now, nevertheless many are driving near

[dress]

The main reason for such a high price of Bitcoin is a high demand for it. Still it is one of the most popular cryptocurrencies and people's support is a major part of its value.

[bamita139]

I think the price of Bitcoin is growing because of the influx of more and more new investors. Look at how many new crypto-exchanges are opening, how many new ICO projects. Cryptocurrency audience is rapidly increasing. Everyone wants to make money on nothing.

[btcefeyigit39]

Bitcoin crypto currencies are the largest volume and most valuable coin of the market. the reason for this is that all the subcoins are built up and used in all areas. it will increase the price more if it is a limited quantity in quantity.

[sevtan74]

In the future, bitcoin is going to be higher still. But the reality is bitcoin is not high or expensive at all. Bitcoin is the best money there is and there will be a lots of interest in bitcoin in coming years. Once people can see bitcoin for what it is, there is no telling of it's growth.

[Robin,Hood]

Why is the price of bitcoin so high

Its not, you have not seen high watch what comes. Get the hang of  deflation vs inflation.

[jackylion]

I think because of the anonymity market, many people like to buy to hold them for the purpose of money laundering, but because of that action has made the demand for BTC on the market increased rapidly and the price of BTC increased as high today.

[IMNOOBODY]

In my opinion, the major part of  Bitcoin's price is resulted from people'd faith in it. Bitcoin is a limited resource and the number of people willing to possess it is increasing. So the its price is going to be even higher.

[s.Zavgorod]

Bitcoin is the First Virtual Cypto Currency that is very Popular among Investors. Many new people are starting to see the Potential of bitcoin as a Promising Investment Place, So They invest in Bitcoin they buy a lot of bitcoin for them to save as An investment.

And today, these people were joined by those who expect a new pump from bitcoin. I think now is the time to invest in altcoins.

[ximenzi]

I think this may be related to the 2017 Peninsula crisis. There was a possibility of a war at any time last year, so South Korean and Japanese people helped themselves to move to the cryptocurrency and the cryptocurrency rose rapidly. However, this year's war will not break out in the Asia Pacific region, so there will be insufficient funds for cryptocurrency.

[kumarabbn]

It's the first bitcoin for Satoshi's   

[jojowar]

The price of bitcoin is so high because it is the oldest, most popular and the foundation of all cryptocurrency. It takes years or decade to get those high value. Maybe those altcoins that you are holding now will become valuable or as high as the value of bitcoin today after years or decade.

[dpui98]

The price is getting lower and lower so wait for a few years and you can buy it cheaper

[Lukas Tarantas]

In the autumn of 2017, bitcoin was actively growing on the wave of advertising in the media. Beginners invested their money in the cryptocurrency, but then came the collapse. And now the price of bitcoin is lowered to the initial level. Everything is natural and predictable.

[nguyet91btc]

In my opinion, btc prices are high for the following reasons:
1. Btc is the first coin in the cryptocurrency market, even those who have no knowledge of the cryptocurrency market are also hearing bitcoin.
2. bitcoin is finite with amount total of 21 million coins, so every 2 years the btc exploit is increased so the cost of exploiting 1 btc

[aysg76]

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

Well, Bitcoin is the first crypto coin to enter the market and raised itself in the industry. The idea behind its technology influenced many all around the globe and attracted many to get themselves into it. Many of the investors recognized its potential and the coin experience a great demand in the market. All the investors realized the coin to be promising that can serve them with a great profit and once its demand got increased, the price of the coin starts to get pumping higher thereby making it today a highly priced currency...