Why is the price of bitcoin so high

[cipher-x_09]

Bitcoin is the very founder of the cryptocurrency so yeah that definitely explains why price of bitcoin is high as compared to other coins and bitcoins is more known to more people. It's like when you are putting up a business and it has many institutions but the founder and mother institution always be the priority and much more known to others which is why if you put up a price analysis the price of bitcoin has a huge difference as compared to other alternative coins.

[rallyko]

Now more and more people are interested in bitcoin, as a promising and alternative currency. Their interest is fueled by the constant growth of bitcoins. And I also think ,that this is a kind of game played by large holders of bitcoins.

[chrisfatos]

A major reason why the Bitcoin price is so high is because investors are buying into BTC and the number of supply is decreasing. The more people buy, the less BTC will be available and the higher the value goes.
This is what they call Supply and Demand.
Now 1 single BTC is worth just under $11K, so thats quite high.

[triciaa478]

The high rise of bitcoins is attributed to a simple economic theory of demand and supply. Now no body is selling, everyone is demanding bitcoins as a results,the few that want to sell price it higher thereby pushing the general price forward each day.

[raziplab92]

Bitcoin is the master.everyone who join cryptocurrency first invest in bitcoin because 90 percent altcoin are volatile.big companies are investing in bitcoin platform.in other words everything in crypto world is lagging behind the btc.

[danmoris]

Simply because of Supply and Demand.
Too many people investing in Bitcoin is making the value skyrocket. The main issue here as that, if a billionaire investor decides to dump, everyone else investing in BTC will have a problem and lose money.

[Vicky22]

Bitcoin as a currency and Bitcoin as a disruptive technology are the main reasons why the price is so high. Only time will tell how to go about it.

[tangbori]

Yeah bitcoin will keep increasing because of this whole pump and dump in altcoins. Many people hold bitcoin and sell their altcoins. Altcoins dump and people keeps buying bitcoin and bitcoin keeps increasing, demand is high now.

[kingvirtus09]

People are hyping thru media and alot of people wants to buy atleast 1 bitcoin coz governments are buying bitcoin to save it to their wallets and by the demand of people that will increase the price of bitcoin

[yunuzov]

Because alt coins lost so many investor and now people afraid of investing in it. There for big part of investors moved to bitcoin. Bitcoin will be much more valuable then this in the near future. I'd advisde you to trust bitcoin.

[Raven91]

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

Many people started investing in bitcoin because of what it is right now. Popular, stable, and reliable with high security. We can assure that our money will be safe. Another factor is that it is the main coin which makes it ahead of others. Some people transferred to bitcoin after losing money in other altcoins. We can apply the rules in supply and demand to whats happening to bitcoin because the more people who invests in bitcoin, the higher the price it will get. So i suggest you to start investing now here at bitcoin

[vidprab5]

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

I do not know the real reason why bitcoin prices are so high but maybe because it has attracted many people to be one of the reasons

You have basically answered yourself. It has attracted a lot of investors and since the value is based on the economic theory of demand and supply, then that is the reason why the value will keep increasing as long as the demand for it is increasingly higher than the supply.

A lot of things are going on in the bitcoin world right now and I believe if the LNs are deployed, it would create a better world for Bitcoin enthusiasts and new investors.

The most basic reason which is causing the market price of bitcoin to increase up to this level is none other than that of increase in the demand of bitcoin all over the globe. The thing is the number of people who are getting to know about bitcoin is increasing quite rapidly which is resulting in the increase in market price of bitcoin. This will keep on increasing in the future as well.

[cryptoatomic]

Because bitcoin was really made to go that high,many investors getting into this thing thats why the high keeps increasing.

[pinkliar]

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.

and it is seems like in bitcoin are so indemand so more investors are coming then choosing this kind of currency cause by our time it is very hard to find like this currency that you have the assurance of having huge of profit.

[Zerosk]

Bitcoin is become the most talked about subject in the crypto world and generally around the world. It's reached $11K value and still mooning!
The more it increases in value, the more reputation it gains and then more people want to join the Bitcoin rally. The sad thing will be if one day this bubble pops and people might lose money.

[thulisman]

Bitcoin is constantly setting new heights because big investors in traditional markets are putting their money into the crypto market, especially bitcoins. The public's interest in bitcoins is increasing as the heat of the day increases.

[CTO@MyBitMine]

Now it's just a beginning of bitcoin. I promise you that price will be rise for a several years for sure and it will be something about 30k of usd. More and more people become undestand what bitcoin is, and that's why almost every one wants to buy it.

[Streets 2.0]

So we see the historical maximum price of bitcoin over 10k! Now, by all rules, the price theoretically should not drop below 10k - after all it should be a "support level"? And if so now is the time to "buy!". Why is the price so high? - Is it high? So they said and at 5-6k. Now 10k. Need to ask a question? What price will be "high" for bitcoin and is there any objective price at all? Who will say?

[Streets 2.0]

So now only the blind have not seen the dynamics of bitcoin in the last 48 hours. I made a small forecast: if the price breaks 10k, then it should be fixed at this level and there will be a lateral trend. Mistaken, apparently speculators waited massively 10k to fix profits. This happened today, a fall of 20% - a massive profit-taking. What's next? Further in my opinion there should be a rebound. At what level and thanks to what? - we will see.

[macchiato]

Because of the law of supply and demand. Bitcoin's price was high in demand these past weeks causing it to pump. However, it dumped a few dollars maybe because of too much supply.