Why is the price of bitcoin so high

[fiend91]

Because the offer is limited. This means that in order for you to get bitkoyn, you need to pay more than me and the other person who bought bitokoyn before.

[PutuPartoHarjo]

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 a pioneer in this respect, so it is very strong and desirable. In this case altcoin will probably be a strong competitor, it needs some innovation to disturb the bitcoin.

[Sisigelap]

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 coin, bitcoin is well known, the price of bitcoin is very high today, ranked number one bitcoin in coinmarketcap

[Savemore]

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

It is because of the demand in the market that keep rising. There are now many people who knows the importance of the bitcoin. They know what bitcoin can do to their lives. They keep buying bitcoin because of its function in our economy and society.

[mattroibecon24]

There is only one reason for the Bitcoin price is that Bitcoin is the first crypto in the world. It has created the big trust in investors. They always think that investing in Bitcoin will get big profit. And the truth is that.

[RoftheN]

One word, DEMAND. Demand is what drives any commodity and when the demand of bitcoins increased then the price and value of the coin increased accordingly. When people want something, then there is more demand than the supply which makes the commodity scarce, this in turn is what drives the price of the commodity up. The reason that the prices are down now is because there is more supply than demand.

[CrytopiaRaRa]

Price in bitcoin is getting higher because people are buying and people are go with the flow.Indeed this is a good investment when you learn how to manage it.

[loung3e]

I think it is not expensive because when it was $500, all said it was expensive and when it was 1000 dollars, all said it was expensive too 

[eeeeeew36]

Bitcoin is the boss, the natural value is the highest, the market demand for bitcoin is also great, so the price will be higher and higher.

[FishsHumnsToo]

Bitcoin is first and foremost a means of accumulation. I can also quote Durov that the appearance of bitcoin — " a chance to exit the global financial system from the us dollar hegemony"

[Christian_k]

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

There seems to be a revival: Smiley I'm sure that soon we'll see 10k for bitcoin and 20k for bitcoin, and by the end of the year 35-40k! People who bought at the level of 6-7k and now sit quietly - will get maximum profits and a minimum of damage to their nerves! %) I think until the end of February we'll hang out in the corridor 8-15k for bitcoin. Crypto currency has shaken - as soon as the community recovers from this it is not clear.

[survey01]

At present, the most valuable of the crypto money world is bitcoin (for now), yet it is still far below its value. Maybe this year it will follow a calm statistic, but I believe that in the coming years it will reach its true value.

[Proba001]

in my opinion, the maximum cost has not yet been achieved. everything is ahead .. and it will happen by the end of the booty.

[Tom Shelby]

I think that it's not worth dwelling on bitcoin. Today there are more than one dozen different crypto-currencies in the world. And with each year their number will only increase.

[vasilvas15]

Bitcoin is the basis of all crypto-currencies, and I'm always looking at it. That's why I think its price is so high.

[gorobif]

Because the maximum number of Bitcoins issued will not exceed 21 million. This gives reason to say that the cryptocurrency will not be subject to inflation due to the release of new coins. .It can be expected that in the foreseeable future, Bitcoin will shift fiduciary monetary units from the financial Olympus and will take a dominant position in the global financial market. We may well be witnessing the emergence of new standards of mutual settlements, where cash will become superfluous. The future belongs to Bitcoin and cryptocurrencies.

[SmartHorek]

bitcoin was since the beginning of cryptotime. Lot of people, when this whole thing started, invested in it just because there was no competition, that's why his price is so high

[kasbon]

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 demand is greater than before !
That's why I keep invest on bitcoin every month and yes.. it was a good decision for me as for now I can sold them for profit.
It's more profitable than a gold, IMO !

with the ever-increasing development of Bitcoin very capable of making Bitcoin so expensive. with a price so expensive will bring Bitcoin has a lot of interest. with more and, more enthusiasts will be more supporters who help improve the existing development.

[Meepers]

Now it's just a beginning of bitcoin. I promise you that price will be rise for a several years for sure and it will be something about 50k of usd . However, the price for January contracts is above 17,000, and for February futures 18 - 19,000 for bitcoins. This led not only to stabilization of the rate, but also to further growth. Therefore, it is more trusted by most people. 

[alteredbitcoin]

because people think it as valuable limited supply thing, like internet gold, also some people buy it for profit