Why is the price of bitcoin so high

[Milado22]

bitcoin is the most valuable and most popular coin in the world, also it is the god of crypto, cause cryptocurrency born for bitcoin.

[Eloson]

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires.
The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. And simple because is the token is a store of value used for exchange for goods and services. Bitcoin is not regulated nor a legal tender it is popular and high in demand which drives price

[Balab01]

I think that the price of Bitcoin is so high because  its technology is revolutionary and it can change the established order in financial world. It attracts more and more people every day.

[imperatorbounty7]

Its simple. The price of bitcoin is just created by supply and demand. In the past months, the demand of bitcoin was very high. Many people used it on the dark web to make some transaction where they want to stay anonymous. So the seller there accepted just bitcoins. And after the price of bitcoin is getting higher and higher, the mainstream media make it publich and bitcoin gets more famous. Everybody want to invest in bitcoins, and the demand exploded. Thats why the price hits twenty thousand dollars.

[btcmegastar]

It is because the majority of the members kept increasing and supporting the Bitcoin, Globally most of the people are getting awareness about the technology and Bitcoin behind the technology. Technology is convincing the people to attract the Bitcoin and this makes to increase the price of Bitcoin.

[uptown04]

the price of bitcoin is so high because there plays role some factors but according to my opinion the most powerful answer is becuase millionaires are also inthis business and they are using much more and aslo they know where to invest.

[Leezkie22]

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 now has a low value. When you see the statistic of the value now. Its getting low. However this coming ber months is getting high. Like this december will triple the price. So i suggest try to invest now and sell on december.

[Maya56674]

Its matter of investment we can say Law of demand,more demand prices go up.Most of Business tycoon and showbiz personalities are aware about Bitcoin and invest in it with high amount that's reason Bitcoin demand is high and supply is short so prices fluctuates.

[Bairbe]

All around repeat only about growth, but bitcoin since January everything falls and falls. How can you be so sure of your future growth?

Today's market situation is not new, it has been repeated many times in history. Look at the graph 2013-2017, at the end of 2013 bitcoin cost $1122 and after fell to $213, and then until 2017 could not recover, for 2017 - there was an increase to 20K.

There are 2 good news:
- We are now close to the bottom and are bought at sweet prices. Imagine that you are in 2014 and buy out the levels of $300 - $400
- If in 2013-2017 the cue ball took several years to recover, now the correction is much faster.

The fundamental reasons for the growth of the rate above the roof, the rate falls due to speculation-strong players squeeze out the weak.

[elosi]

The price of bitcoin is high because of the demand and supply rule, it means that supply has surpassed demand. In a simple terms, it means that plenty people want to buy bitcoin but fewer people are selling so the buyers compete with high prices to get the coin.

[wabashky]

Bitcoin was the first popular  coin, so far it got the highest confidence trust of the community, it is rather stable and always has  a high demand.

[zacad]

Bitcoin can reach such a high price not only because it is the oldest cryptocurrency, but also because it brings people influence. Numerous investors are attracted to the market and more businesses choose Bitcoin. As a payment channel! These are the reasons for its high price!

[Takia]

If I think because the world's first Bitcoin crypto and also bitcoin are nominated all over the world and are acceptable in many places.

[criptoroman]

If at the end of 2017 people ran to buy coins and discussed the reasons for the sudden growth of bitcoin, then in early 2018 they began to worry: why the bitcoin rate falls and how long it will last?"

[Acapri]

Bitcoin is the king of cryptocurrency so thats why bitcoin has the highest price compared to alt coins. Bitcoin is the face of cryptocurreny, it is normal for it to be invested first compared to altcoins. So the demand and supply will affect the price. It is enought to say that bitcoin is the first and most heavily used coin so it deserved to have the higher price than altcoin.

[basty03]

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

Actually it's affordable now so we can buy bitcoin unlike last year that a huge high price. And it's normal to have a high price in crypto so buy now before we hit the highest price again.

[jvper]

I don't quite agree bitcoin price is so high. Look... Have you taken a look at BTC velocity? It's been quite moderate in comparison with USD M1 Supply for example.

[fiubit]

It has been caused with to current hype around it. And its level of price was reached with residual parts of last prices.

[ValerKat]

The price of BTC is not high at all! It's extremely low now if to compare with the end of 2017 year. BTC is definitely close to the bottom and no one knows when the growth will start again.

[hason88hvbc]

Bitcoin is the original one, so is it superior. And I beleive that altcoins are followers of bitcoin and should be put after bitcoin.