Why is the price of bitcoin so high

[cctv0]

If you understand that the value of all altcoins is derived from Bitcoin, then you will not think so. The price of Bitcoin reflects the value of the entire cryptocurrency market. If the price of Bitcoin is lower, then this year's market is not Boom, on the contrary, if the price of Bitcoin goes higher, the Bulls will come soon.

[masterzino]

The price is always function of the supply and the demand. Bitcoin ha s limited supply and high demand from potential investors. The price is always growing when more people want to buy that the ones that are ready to sell.

[UNOE]

The price is always function of the supply and the demand. Bitcoin ha s limited supply and high demand from potential investors. The price is always growing when more people want to buy that the ones that are ready to sell.

Yup, that is true for all cryptocurrencies. I think it is better question, why is Bitcoin more preferable asset than other cryptocurrencies?
My answer to that is history of Bitcoin, and popularity of Bitcoin. Also, Bitcoin is most secure asset in cryptocurrency market. Also I think that Bitcoin will be always here, and most of alternate cryptocurrencies will extinct in long term.

[annaorlova]

Bitcoin costs as much as they are willing to pay for it because the price of any product is a competition between supply and demand. Of course, at the end of 2017, the price of bitcoin was unreasonably high, as evidenced by such a long correction, for more than six months.

[deadpool02]

Bitcoin prices are high because bitcoin is the king of all the coins out there. It has been accepted worldwide and a maximum number of people are buying bitcoin because they are not aware of the other altcoin as they are not that popular compared to bitcoin.  Everyone must have heard the name of bitcoin. Its popularity makes its price high.

[PumaPuma_]

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

This is the father of all the tokens.
the price of bitcoin is so high, because it was and is the first crypto currency in the world. He is like digital gold. People believed in the technology of blocking and thus secured such a price bitcoin.

[tushin4]

bitcoin is a world  first cryptocurrency and,  number one coin in the world .  everyone  know it bitcoin is a world wide for all bitcoin user's . So I think bitcoin is famous  and bitcoin have popularity,  in this cause  bitcoin price so high. 

[Habib99]

BTC are going to be higher and better as a result of it's limit in its free state for mining = twenty one 000 000. daily "free" BTC quantity become smaller, BTC become costlier on "supply and demand" rule.

[shyevana]

perhaps the First bitcoin coin in the world of crypto and altcoin is bitcoin follower. bitcoin is assigned worldwide and is acceptable in most places, whereas most people are not aware of the altcoin and have no value but are still in bitcoin.

[bovesgiraffe]

i think because bitcoin was the pioneer in terms of kryptocurencies, so it' still superior to all the altcoins.

[FLRagnar]

Bitcoin price is so high Simply because it has won investor confidence and many persone buy bitcoin+ bitcoin is very easy to use so there is many oeople buy bitcoin for this reason

[minsokiu88]

It is high because it is more popular than other coins in ther Crypto market. And, it is accepted by more people in the world the most.

[Creedact]

Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin.

[kenman]

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

hello! bitcoin is kind of a good guy everybody likes and accepts. well, in most places. and it is the oldest. and it is trustworthy, not scam for sure

[henrytran167]

From now the price of bitcoin had gone down from this period you posted.
Bitcoin represents altcoin at this present, everyone is not confitden to invest other alt coin, because they afraid if bitcoin go down, they will lost much price or disapear from coinmarket.

[Sanford]

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

Hello.
World Money  = Gold
Crypto World = Bitcoin.

If you look at the market cap almost 60% more investment in bitcoin. That he first started so and took the place of gold. More familiar and reliable at the moment.

[Devawnm367]

I really believe that both answers are correct, it is the original it founded all of this. Without it we would not have such awesome projects or even returns.it is also most superior, it odds are better than all of the others

[Midaktai]

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, bitcoin is the highest coin, bitcoin is also a benchmark for other coins, if bitcoin rises then other coins too, and vice versa. although not all coins are bitcoin. I think you need to monitor the market so that you know the condition of bitcoin

[Gamerholic]

I think that this question should be asked at the level of 10k for bitcoin to make it sound convincing. With the fact that there are many who bought at the level of 15k + and are now waiting along with the rest to ensure that at some point to fix at least a point without losses. But I'm waiting for growth, I bought a long time ago on the wave to throw off did not have time now again in anticipation.

[Julskybtc1]

Bitcoin is the only one who was started this kind of approach in business. The approach is really unique and newly. That is why more people easily like this kind of business. Now we see bitcoin as always remain on the top.