Why is the price of bitcoin so high

[ooxtcoo]

We can say that the price is so high because of the demand of people. I'm sure that the price will be even higher in a few years, because people will completely switch to electronic money. Imagine that most of the world's money will be kept in the crypto currency, and bitcoin will become the world currency.

[tamerl4n]

BTC is the first and progressive project in the crypto market, which really changed the world around in many ways. And many continue to actively invest in BTC, despite its high price.

[Alns]

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 value of bitcoin consists from agreed value of people who are willing to buy it while the other people are willing to sell it by the same price, so it is something similar to the stock market, and also the project is playing some role in it.

[chamika888]

Even in exchanges where other cryptocurrencies purchases are supported, Bitcoin is often given preferential placement on the purchase page.This exchange support should not be underestimated. Even if someone wants to trade exclusively other cryptocurrencies, he will have to go through an intermediary like BTC through coinbase so that they can then exchange it for other cryptocurency.In addition, Bitcoin has much better brand awareness than other cryptocurrencies. When I tell people I work in other cryptocurrencies space, they usually give me a blank stare.Once I mention Bitcoin, they understand what I’m talking about. This brand recognition means that when traders want start investing in cryptocurrency, they’re going to have heard of Bitcoin and invest their first.

[joey alexander]

First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

[Kulang]

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 think the main reason why bitcoin is ahead and has the highest value is because it is the superior of all the coin, it is the king of all the coins and also bitcoin is the first cryptocurrency to be establish and survive for a very long time which makes it value gets higher and higher as the years passed by.

[Eyelight]

Quite simply, Bitcoin is the earliest cryptocurrency and the most influential coin in the entire cryptocurrency. All other coins depend on Bitcoin.

[320hz]

Today the price of bitcoin is very low. I think that the real value of this coin should be much higher. I hope that the price will go up soon.

[Pan Troglodytes]

Today the price of bitcoin is very low. I think that the real value of this coin should be much higher. I hope that the price will go up soon.

Oh no, you can still expect the bitcoin price to go even lower, I think that levels 3k or 4k are reasonable. Of course, from there we would later see a price increase, if my expectations prove right

[Catswold]

The further increase comes from the "Bitcoin Shop as a Value" crowd. This group of enthusiasts bought and held bitcoin and it will not be sold at any current price. More and more Bitcoin fans are entering into this group and they are driving up the growth demand. In a world where people want Bitcoin worth $ 1 million, this kind of activity - logical or irrational - quite popular.

[SubZer0]

Here's the truth about Bitcoin prices... this is just for future reference to those of you who may be entering the cryptoworld soon. Bitcoin is NOT expensive.. the price per coin you see is nothing more than an entry point. This is the price of Bitcoin when you enter the game. The price is the entry point to where your gains begin. When Bitcoin gains from the point of entry so does your money. I bought Bitcoin at $6461 and that's where my gains began. longer you wait more growth from that point on.

[craked5]

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 it is because it is original. Bitcoin is already obsolete. It is too slow and too expensive. But people are inert even in this field. Some time should pass before they will see new leader.

[Don Lord]

In my opinion, the price of bitcoin is so high in comparison with other coins because it is the first coin and everything is tied to it, the price of all coins will depend on it.

[Md Saykat Nazir]

The fee of bitcoin is in reality not anything provided, for the huge demand and it is prospect. If there are inclined to shop for the fee will continue to grow. And now the number of buyer is very large and is like to develop.

[Gamerholic]

Not so long ago, as I remember the price of bitcoin was around 5-6 thousand dollars. If we have this in view and start from this - it turns out that now at the level of 7k + we can feel that the question is "relevant", but if you remember also that bitcoin cost 15-20k then a number of questions arise regarding its potential growth. It seems to me that even you buy now and freeze for 2-3 years. Freeze the purse. Later, with an extraordinary share of probability, you will find financial success. :

[Dancing_Lion]

It seems to me that such a high cost should only please. Bitcoin is the most expensive and the best cryptocurrency at the moment and you need to catch the moment and try to make money on it.

[ElizaZX]

It is necessary to look not at the cost of a coin, but on their quantity. The ethereum now has 101 million coins, which have an issue, which means they will be even larger. Bitcoin has no issue and only 21 million coins. From here you can immediately see where the pricing comes from.

[klavtrin]

Bitcoin is the first cryptocurrency, most people have only heard about bitcoin and Altcoin is usually unknown.

[jtbcoins]

Yeah, it was really high
And I think at the end of the year it will grow again to the same level of higher. Will see... Waiting a half of year for that.

[esteam008@gmail.com]

Bitcoins are overpriced because mainstream society is beginning to understand electronic money and accept it. This is the only digital currency that can guarantee a return on current or short-term investment. Everyone wants to own it and the rule of supply and demand makes the price of Bitcoin push up. Only 21 million Bitcoins ever existed, a very small number, so Bitcoin supply was limited