Why is the price of bitcoin so high

[Silverstone79]

Bitcoin is the first coin created based on blockchain technology. The first crypto currency, which was backed by money although at that time it was a trifle.

[Ditlycel]

Yes, it isn't so high the price of bitcoin), I think the price maybe 100,000 thousand worth of bitcoin , the coin is small for all is not enough ) so you need to earn more

[salad daging]

Presently the price of Bitcoin is so low, but we are hoping for it increasement, has the price is low now I think it's an opportunity for investors to invest in it

I also hope like that because indirectly the decline in bitcoin prices has an impact on other coins and even the market so I hope bitcoin can increase as fast as possible, if possible I want the price of bitcoin to be higher than the highest price that bitcoin has ever achieved so that the market will return to that green because trust in crypto will also increase

[Pan Troglodytes]

Presently the price of Bitcoin is so low, but we are hoping for it increasement, has the price is low now I think it's an opportunity for investors to invest in it

I also hope like that because indirectly the decline in bitcoin prices has an impact on other coins and even the market so I hope bitcoin can increase as fast as possible, if possible I want the price of bitcoin to be higher than the highest price that bitcoin has ever achieved so that the market will return to that green because trust in crypto will also increase

Rest assured it will rise to 100k or maybe even to a million USD, but I would assume 100k is the limit that sensible men start selling so I would say one million (even if achievable at all) is one more deep (just like the current deep we are seeing today) ahead.

[chereshnya]

The price of BTC is too high compared to many other coins . BTC is well known, and so many people use it .

[Barbaralehoa]

I think that is the result of user trust, when the community accepts and uses the BTC, while the BTC supply is finite. The higher the demand, the less supply will lead to higher prices

[trindirt]

Bitcoin is the first virtual currency crypto, which is very popular among investors.Also, the price of Bitcoin is high compared to many other coins .

[Krendiv]

The more popular bitcoin is, the higher the price , Bitcoin has serious and large investors

[belingbanged]

Bitcoin is the coin that first appeared in Crypto, it has a very strong strengthening so that it can continue to survive crypto competition which is getting tighter and tighter. He is also able to provide satisfactory results to his investors by significantly increasing his value. With the advantages that he has, so he deserves to get an award in high scores.

[aliba]

because bitcoin is currently a token that has been running starting to form bloc and this is a role model for every altcoin, therefore at this time I think it is time for the future of crypto currency.

[jiaybh]

Bitcoin occupies more than 50% of the total market value of cryptocurrency, which means that encrypted funds flow into Bitcoin. Bitcoin is the king of encryption. The price of Bitcoin is stable. It has the status that the altcoin cannot surpass.

[chikading2016]

Price of bitcoin is really high because of the huge demand. Many people wanted to have more bitcoin becaus wit has a high price and if we have more bitcoin we can become rich in the near future, Bitcoin is really amazing and it is really profitable that is why many people has an interest on it that is why is is now having a big value.

[fatymaeos]

Because the amount of cryptocurrency is limited and the demand is very high. And demand, as you know, creates supply. It's simple. The winner is the one who from the beginning bet on bitcoin.

[party22]

look at the bitcoin journey you will definitely understand why bitcoin has a high price. bitcoin is a coin that is full of magic, so that bitcoin is easily known throughout the world.

[williamtkhoury]

Bitcoin price was low some years back and now it is normal that the price is very high. That is because the demand and the supplyf or bitcoin is very high.

[FoBoT]

Personally, I believe the reason why the price of bitcoin is so high is because it is the oldest coin in cryptocurrency and it has more number of participants and the demand for it also very high compared to that of altcoin.

[Hendramuliadi]

the reason bitcoin has a high price compared to altcoins, in my opinion:
1. Bitcoin is the first coin to appear
2. bitcoin dominates from all investors in cryptocurrency
3. altcoin uses the bitcoin platform in almost all altcoin businesses.

[HerreraMJ]

It is the one that started the whole cryptocurrency thing in the first place, so it already has an enormous path traveled, the other options are altcoins and because there are too many the progress of them has been slower.

[SolomkA]

I think bitcoin has a high price for several reasons.
- This is the first coin and it has great authority
- Most people think that this is the only useful coin
- All altcoins are traded in pairs with bitcoin
Therefore, it has the highest price in the market

[Finnisd]

the price of bitcoin is so high because it is bought for this price. as soon as demand falls the price of bitcoin will begin to decline.