Why is the price of bitcoin so high

[waghops]

because bitcoin is a flagman of crypto and most known coin in the world

[Fitrilalala]

There is a lot of reasons
1. Its the first cryptocurrency that use blockchain technology
2. Trustable, transparant and anonymous
3. Have a big community
4. Many people only know bitcoin and they know less about other crypto currency so i think bitcoin is famous
5. Low total supply.
There might be a lot of things that i'm not able to mention here. Bitcoin is number 1 cryptocurrency and also has a biggest volume and market cap .

[Anchor867]

Well the bitcoin is the representor of the all crypto on the crypto world and also the popularity of bitcoin has been rose as well and also it is much more better that this year as well the bitcoin will rose again so we can all get profits

[Aroma92]

Bitcoin is the first cryptocurrency, it is not surprising that its price is many times higher than all other altcoins. In a few years, many altcoins will be gone, and bitcoin will remain and will cost more.

[Bostonias]

Because bitcoin Is the first crypto coin. Bitcoin is the base of the cryptocurrency market, and everything depends on it . It ranks first on this crypto and no other coin can reach on this level.

Since Bitcoin was the very coin that made it possible to spend money for it, there should be a lot of money sitting on the coin.

[asder250]

There is a lot of reasons
1. Its the first cryptocurrency that use blockchain technology
2. Trustable, transparant and anonymous
3. Have a big community
4. Many people only know bitcoin and they know less about other crypto currency so i think bitcoin is famous
5. Low total supply.
There might be a lot of things that i'm not able to mention here. Bitcoin is number 1 cryptocurrency and also has a biggest volume and market cap .

You are right, but please, anonymous is something diffrent than pseudoanonymous. Bitcoin is pseudoanonymous, you can always track the transfers and if you are enough smart you can find out who is the owner

[Cindykhato]

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

It's already higher because we are late to know about this technology and it's already been here 9 years ago and expect that those who are early adoptors of bitcoin had been benefited with the growth.

[spike420211]

Bitcoin was the first, you can call him the pre-born crypto child. It dominates the market and most of the investment is in bitcoin.

[xminerx]

It is normal that bitcoin is doing better in a downtrend then alts, especially low caps. People who are longer in the game know that alts are bleeding more and they shift gradually to bitcoin if they haven't cashed out already...but things will pick up again.

[YendenCors]

To my mind, the price of bitcoin depends on the ratio of supply and demand. If the demand is constantly growing, then the coin will go up. And thanks to the fact that the coin is now becoming very popular, its demand is growing

[BZingerB]

It seems to me that Bitcoin will cost to this year 20000-30000 dollars. There is such a price for gold in the new crypto economy will be very soon!

[Bondho Kompeni]

As we know that prices are expensive because the concept of pure decentralization, when there is a lot of demand while the stock does not increase then everyone will hold bitcoin, and only a few will sell, this is what makes bitcoin prices so expensive.

[CrypTM]

Bitcoin has proven technological excellence and first mover. Blockchain Bitcoin has existed for a long time and accumulated a lot of trust in recent years because it is reliable and secure.

[Uzoma2018]

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

Apart from been the king of cryptocurrency the  demand for bitcoin is very high when compare with order cryptocurrency .

[Bitrecords]

Bitcoin and blockchain naturally have a clear ownership system. As long as you have a private key, it's yours, and no one can capture it. Any kind of currency, as long as it applies to you, because of the property blockchain, this kind of property that you belong to is so guaranteed, it does not require the law, does not require government, we only need to believe in math, we clearly know , that this material really belongs to me.

[aceptamosbitcoin]

Bitcoin was the first, you can call him the pre-born crypto child. It dominates the market and most of the investment is in bitcoin.

This is true, but the high price is dictating more of the demand. Bitcoin is the most popular coin and the most recognised. This is why more and more people want to invest in it.

[victory.lil]

I think that those prices that were earlier, and this is about $ 20,000, is still very little for bitcoin as soon as bitcoin gets really big popularity and many institutions start pouring their money into bitcoin, then we will get something very worthwhile.

[TorontoRaptors]

As you'd already know, that there are limited number of bitcoins that actually exist. And all of it is not mined till now. What we all have is just the mined amount which is circulating. And as bitcoin has very very good advantages for people in trading business, like it's transactions are real fast and easy, time saving and many more. And now more and more investors are getting attracted towards it so all these factors make the price of bitcoin reach unprecedented heights!

[bitcoin.clakr]

I think that the price of bitcoin is very low at the moment. I believe that bitcoin will become very popular. I want to believe that bitcoin will be able to update the maximum prices in the near future.

[Washington_Wis]

I believe it only happens because of BTC has been marketed in the world and became the first coin that everybody knows. But Ethereum is the best option to HODL cause it will grow in 2018 due to technological improvement