Why is the price of bitcoin so high

[superscommessebitcoin]

I think that the price of Bitcoin is so high not because the technology is better, but because it is the first and we can say the original coin. People have much more confidence in Bitcoin and they buy Bitcoin.

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[iSparta]

Now this topic has to be called "Why the price of bitcoin should be high." The cost of bitcoin is associated with a huge consumption of electricity for its production, people's trust, capitalization and the number of transactions. Over time, when capitalization of bitcoin has increased tenfold, it will no longer have such price fluctuations that we see now.

[LS Crypto]

May be it is 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!

For everyday use it is not convenient and does not make sense. Perhaps for large transactions it will be used. If he can prove his worth .. before the state machine of the dollar

[mightwalker]

Because the supply of Bitcoin is fixed, it's different from fiat when you can print whatever you want. Higher demand, higher price.

[ongahawak]

Bitcoin is the first digital coin in the world so it is very valuable and expensive, because now many people are starting to hunt bitcoin, with many bitcoin hunters, bitcoin prices are rising. I think that is the reason.

[ivankoh]

May be it is 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!

For everyday use it is not convenient and does not make sense. Perhaps for large transactions it will be used. If he can prove his worth .. before the state machine of the dollar

The value of Bitcoin is high because the investor and the user accept its value. I believe that the present value of bitcoin is very low compared to the value that bitcoin can achieve. The demand for using BTC is increasing while the number of BTCs is very low so I believe it will grow very well.

[adekogbe]

The price of bitcoins follows the same rule like every other cryptocurrency which is the law of demand and supply. The more people that are buying bitcoin will mean the higher the price will go. The opposite happens when people are selling off.

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[m0Ray]

The price is calculated based on the number of coins and capitalization of the project. If the coins were 10 times more, the price would be 10 times less.

[Haimainemy Trung]

The most important reason for Bitcoins price is the limited supply. Limited supply create higher demand. Higher demand brings the price up.
 

[JofryTheKing]

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 second proposition is absolutely true, this coin is incomparable to any other, and of course, despite the speed of transactions, it still enjoys demand, because of the opportunity to get more profit. And very little in free access, the mining devoured almost half.

[NorvsGanda]

I think that one of the main reason why bitcoin price goes high and so high than any other coin is because of its existence in the crypto world, that many people acknowledge and uses and hold this coin for a long time which gives bitcoin the luxury to goes higher and higher each passing day.

[Ruby_Official]

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

Cuz its working process attracts many people. you can search the theory of blockchain, and you will be so interested in that.
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[Faroxx]

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.

Because bitcoin was the first. Yes, the price of bitcoin in the fall of 2017 was really too high, but now it has become too small) the Current value of bitcoin does not cover the costs of its mining and this is one of the reasons why it will grow. IMHO

[TitsiCoiner]

Bitcoin has such a price because it is the only block that was one of the first and is one of the most common, unlike many other coins, in the world crypto currency is used to buy other altcoins. It owns the title of digital gold, that's why the price is much higher higher than other coins.

[truetempo]

Bitcoin is the first coin and people initially invested in it because there was simply no other coin. Now it is still popular because the exchange rate is relatively stable, although recently it can be argued.

[Manuel Schenkhuizen]

I don't think Bitcoin is very expensive. I think it is very cheap now. Bitcoin will certainly be more expensive in the future. It created the cryptocurrency industry.

[bamb]

Right now in the cryptocurrency market, price bitcoin is not high is it used to be, the current price is a kill for the new investors and an opportunity for existing investors to buy more!

[labhsikh123]

Actually, bitcoin is the hero coin. Apart from this, all of the coin are followers and they came in the market after bitcoin. That is why bitcoin price is so high. On the other hand, mostly people know the crypto with bitcoin. It is popular coin.

[andrej.safronov.1990]

This is the first cryptocurrency, it's not perfect and is technologically very weak, BUT when people realized that brings this technology it made a revolution and bitcoin began to grow rapidly. Bitcoin the most popular cryptocurrency and this is reflected in its price, the bitcoin will always be in the first place, just because I believe in it and know all about it.

[musta5a]

Bitcoin is the first coin and people initially invested in it because there was simply no other coin. Now it is still popular because the exchange rate is relatively stable, although recently it can be argued.

it might be more stable than other coins, but it's still very volatile. The value of bitcoin is ther ebecause it's a first cryptocurrency and it's the most recognized one worldwide. It will remain so for very long time