Why is the price of bitcoin so high

[ramini]

Low supply and the demand is so high so that's what makes Bitcoin price so high. Unlike Altcoins, they're plenty of coins and supply but the price is very low.

[kevinzxz]

because bitcoin is the first crypto coin, so bitcoin is the most expensive coin of any other coin. then the enthusiasts or users of bitcoin very much, which makes bitcoin prices also become expensive.

[DabsPoorVersion]

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

Maybe bitcoin prices are getting higher, because bitcoin has excellent team and community.

Yup and in my opinion also. There’s a lot of investor that pay in in bitcoin so that the price is getting higher. And like what you’ve said is the bitcoin has dxcellent team and community.

[Gloria_16]

Maybe because of the demand and the growth of popularity, and maybe because of the miners, just like no one knows

[n0ne]

There are 21 MIllion bitcoins that can ever be mined. Out of the 21 Million bitcoins 16.4 million bitcoins have already been mined and only 5.6 million bitcoins are left. With the increasing demand and shrinking availability, the price will keep on rising.

Yes, the demand to the shrinking supply is one of the major factor that helps with the growth of bitcoin. Being a speculative asset, the speculations too contribute to some extent with the increase as well in the fall. The price is expected to go much high and this can be considered as the third milestone, the first being $100, the second is reaching $1000 and the third being the present $10000.

[TonyFat]

the most popular crypto currency bitcoin, almost no one knows what ethereum and litecoin, especially December 11, like how they are going to trade futures, that's the hype, but we are waiting for a correction if it will of course be

[bribed]

There are 21 MIllion bitcoins that can ever be mined. Out of the 21 Million bitcoins 16.4 million bitcoins have already been mined and only 5.6 million bitcoins are left. With the increasing demand and shrinking availability, the price will keep on rising.

Can be true, but doesnt have to be. Nobody knows if the demand will keep growing as it has this year. Maybe we will see another currency take over Bitcoin in 2018. That would make bitcoins price fall again, no matter the scarcity of it.

[Streets 2.0]

Still not reached 10k ... And I just wanted a prediction! %) Today, if I correctly understood everything, I took off for another $ 80 + Now correction) Bitcoin became a serious matter for big guys, it's true! But where is different? In any market I look and see the same thing. I think breaking through 10k it will go higher. This will be a psychological mark for speculators!

[Ailmand]

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins

That's right. It's always better to be the pioneer, the starter, and the initiator. Bitcoin has introduced cryptocurrency around the world, that's where all other trends and tokens are derived from. Having said, it commands a better marketability, value and potential. All these characteristics contribute to its continued rise in price. Also, it has proven its strength against many changing trends that why it can adjust easily and get back its value even after depreciation.

[marialu]

Bitcoin has exorbitant fees and it is not suitable for everyday transactions. Hence it can't serve the purrpose for which it was initaly created. Bitcoin has become a speculative instrument and most people buy it only because its price keeps rising and they hope they can sell before the crash. Obviously this is not a healthy situation.

[sophiasophia22]

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value. But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

[sealofsun]

Because the first independent currency and the first virtual currency
Bitcoin can come up with very different payments
that can't be made with other payment methods.

[batang_bitcoin]

The price is so high, it just has to go down for a little bit to consolidate.
It simply cannot constantly grow

That's why there are corrections and that is making bitcoin to be stable because of those drops. Even you want to say that it has to go down if the demand is high and there are big names getting in to bitcoin, you can't do something about it. This is why the price is getting higher and higher it's because it's popularity is growing too and the reaction of community is very positive.

[getmoremoney343]

yea, i think because many ico scam. we trust bitcoin than ico and altcoin

[dimonstration]

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins

That's right. It's always better to be the pioneer, the starter, and the initiator. Bitcoin has introduced cryptocurrency around the world, that's where all other trends and tokens are derived from. Having said, it commands a better marketability, value and potential. All these characteristics contribute to its continued rise in price. Also, it has proven its strength against many changing trends that why it can adjust easily and get back its value even after depreciation.

and bitcoin are been tested on that on how changes might come on it are he always stay and got up high for the unexpected price that it can be for , and bitcoin are taking a lot of struggles but in the end stays in the price in where a lot of people make it more to be trusted for.

[caeles]

Bitcoin is the superior of all crytocurrencies. Also, bitcoin is the origin of all cryptocurrencies. But this statements doesn't make bitcoin a high priced. Bitcoin is priced high because the demand on bitcoin is rising. Based on my reading, bitcoin is tend to have a total supply of 21 million and not all of 21 million of bitcoins were mined. Having a low supply and high demand gives bitcoin a high price. Also, the popularity affects the price so bitcoin has a high price because bitcoin is on demand.

[Matimtim]

Bitcoin is the mother of all digital currency so, qwe can call bitcoin is the original of crypto world that is why bitcoin is the great crypto currency.

Bitcoin became the most expensive  digital currency now a days because  there are many bitcoin user here, that gives demand to  bitcoin. And if the demand of bitcoin high, the price is also  increasing.

[juicejoyce]

Bitcoin is the mother of all digital currency so, qwe can call bitcoin is the original of crypto world that is why bitcoin is the great crypto currency.

Bitcoin became the most expensive  digital currency now a days because  there are many bitcoin user here, that gives demand to  bitcoin. And if the demand of bitcoin high, the price is also  increasing.

That seems to be the most accepted reason. But I think bitcoin has been the symbol of crypto market, just like dollars in stock market.

[nambunamba]

bitcoin rising to the top as the first cryptocoin in the world. the rising means there is a lot of demands on it and the business started to beloeve on it and  start inplement the use of blockchain. so bitcoin rising to the top and it will keep rising as many people started invest in cryptoworld.

[Spaffin]

The price bikoyoyna compared with altkoinami really high and it is created, in my opinion artificially. Everything consists in the fact that bitkoyn is the first and well-known crypto currency, which is very popular. Most people know about bitkoyne and that it rises sharply in price, so they also invest in bitcoin because of the opportunity to make a big profit. Therefore altcoyins remain simply underestimated and with low cost. This state of affairs with the price of bitcoin leads to the fact that it is inflated artificially and this can further adversely affect both the bitcoin itself and the entire crypto currency.