Why is the price of bitcoin so high

[arida_ds]

Bitcoin is an elder in the cryptocurrency market. All other scripts are guided by it. Plus it has a very high capitalization and high demand.

[Tefenyt]

for me the tall cost may reach bitcoin one of them is the fundamental coin of the advanced monetary forms that have the most noteworthy potential, also bitcoin is a set number of coins and it had spread everywhere throughout the world. and in addition the expansion of the bitcoin lovers who more from year to year make bitcoin is winding up progressively a bit on account of the predetermined number of accessible bitcoin.

[DarkNecromancer]

The price was high then that there were good news, from it there was a great demand for a coin, and its offer is limited. Everyone wishes to buy a part and is ready to buy at inflated price. After too many coins were sold, the situation broke. There is no demand it any more, the price does not grow and are already afraid to buy. On a turn want to sell as already ceased to believe in growth.

[ozlem01]

I think because it's the first and most known and accepted cryptocurrencies. The price is defined in the market by demand and supply.

[AceFlash]

Because back in 2010 it cost only a couple of dollars, and eight years later it grew to seven thousand dollars, it's all about time.

[Darkdragonzzz]

At the moment, the price of bitcoin has dropped significantly, and it seems to me that this is unfair. I believe that the crypto currency should become very expensive and popular.

[vseslav90]

First of all, BTC is the base of the cryptocurrency market and other cruptocurrencies rae depend on BTC so its value is very high and price is high as well.

[SmithKline]

Because bitcoin is the first cryptocurrency.I don't think he could fall or just disappear.

[labhsikh123]

It is genuine coin. You can say that it is parent coin and others is child coin that is why its price so high. Apart from this, services of bitcoin team is very easy and understandable. Everyone can follow easily.

[linyhan]

I should say that bitcoin is the first coin ever, they accept in all aspects interms of investments and some other transactions. Bitcoin has a power to engaged in some business in relation of cryptocurrencies.

[Dinct]

Because bitcoin is globally recognized throughout the world and that way many investors adopt it and  invest their money instead of putting it in the bank.And the demand of bitcoin makes the price soo high and of course the low supply the big possibilities to make its value grow up.

[Jaggi90]

Crypto currency starts with Bitcoin. If Bitcoin price is less, so there will be no value of cryptocurrencies. Now , dollar has established its value internationally. So , to take the dominance over dollars , Bitcoin has to be very high.

[teeshe]

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

Bitcoin is a fore bearer and a fore runner coin, hence the reason for being more expensive. ALtcoins would have still been struggling and may not have attained today's height if not for bitcoin that blazed the trail.

[automatikal]

I think because Bitcoin gives you the opportunity for more people to be rich.

[mandeepcrypto]

Bitcoin was the first coin in crypto currency.It is more reliable than other coin.It is the king of this market.Its price effects all the coin. If we  want to know about cryptocurrency we must have knowledge about bitcoin.

[Nimbusrf]

the price of bitcoin depends on the demand in the cryptocurrency market and if there is no demand that bitcoin will fall in price. which is what's happening now.

[Aryleeto]

Well, bitcoin has brought us the revolutionary technology of the blockchain ! I think that's why it's so high !

[blazsqd]

The reason is because bitcoin is the heart or mother of cryptocurrency, and many investors continue to arrive at it, meaning the demand is getting higher, so the price is also rising. Besides that, bitcoin has a very, very good advantage for people in the trading business, as the transaction is very fast and easy, saves time and more.

[jojovalentia]

Bitcoin has shown a lot of reliability even though it isn't that big of a thing right now, I mean, there are better projects at the moment in my opinion, some that are better structured but they arrived late and that is why they are not mainstream.

[-Newera-]

The reason for the high price of btc is the high demand of the btc. Supply and demand. The higher the demand, the higher the price. Clear thing.