Why is the price of bitcoin so high

[daenarys_stormborn]

of course this is because bitcoin is the first digital currency, and bitcoin is a benchmark value for all altcoin prices, so it's natural that bitcoin dominance reaches 55% in the crypto marketcap

[1715196190]

1715196190

[1715196190]

1715196190

[1715196190]

1715196190

[1715196190]

1715196190

[1715196190]

1715196190

[1715196190]

1715196190

[H.W.P]

I would not say that it is high, high it was when it cost twenty thousand dollars. And now it's all cheaper and cheaper, you can wait until it will cost a thousand dollars and buy it.

[happypencil]

It can be said that the investment demand, demand rules, more demand prices rise. Most business tycoons and entertainers are aware of Bitcoin and invest a lot of money because of its high demand and short supply, and therefore price fluctuations.

[Cemploon]

I think this is because the bitcoin is the first coins there. with a very limited amount, then many people will race to get it. and this will make the price becomes prohibitive.

[happypencil]

I don't know why the price of Bitcoin is so high, maybe it's very high, because the market for Bitcoin is so limited that people would rather save Bitcoin than sell it, so the price of Bitcoin becomes very expensive. This is my opinion.

[Wobweb038]

Not any longer. Bitcoin is on drawback now. The higher request of bitcoin leads higher supply of it required. The tycoons are much into bitcoin and altcoin and they want to make colossal benefit from it.

[P60]

I don't know why the price of Bitcoin is so high, maybe it's very high, because the market for Bitcoin is so limited that people would rather save Bitcoin than sell it, so the price of Bitcoin becomes very expensive. This is my opinion.

Well, if you gonna compare the orice of bitcoin compared to the others coins, bitcoin is the highest among the rest, maybe because bitcoin is the first cryptocurrent and a lot of people are now investing in it so the price is continuously increasing.

[luongdk]

To my mind 6000$ is too much and 50%+ of domination is something what should be changed in future. We MUST have more instruments for difersification, current situation should be improved

[jiandong]

bitcoin is a benchmark value for all altcoin prices, so it's natural that bitcoin dominance reaches 55% in marketcap crypto.is of course because bitcoin is the first digital currency and a pioneer for all crypto.

[gelinshidong]

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 price of bitcoin we see now is not low, but it has been nine years. It uses time and action to convince more and more people to accept it,  its price increase is a must. If you can spend 10 years on one thing, then you will definitely achieve excellent results in this field.BTC used time to prove its value to everyone.

[londawzen]

The price is always regulated because of the supply and demand that control the price. The most profitable are now in bitcoin, so the demand among investors for it is high

[Gromx]

The price is always regulated because of the supply and demand that control the price. The most profitable are now in bitcoin, so the demand among investors for it is high

Agreed. And despite the continued decline in the market, the bitcoin dominance index is growing. Of all the coins on the market now most of the positions open is associated with bitcoin.

[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.

[onlygodknowsx]

Bitcoin is the most popular and famous of all time since this is the cryptocurrencies come out that's why altcoin is become a followers of the bitcoin thats why it's legit superior of all coins and so many trader and investor are take bitcoin it's because of a good potential of the profit

[actimelfortelun]

Of course, because Bitcoin is very expensive in the world market, so it is so expensive or expensive.

[WeedGoW]

BTC price going high or low depend on the market's need. Cryptocurrency isn't something you could easily tell a price.

[Fedots83]

I think that such a high bitcoin price is great. And it will grow further at least because more and more people are interested in bitcoin and cryptocurrencies. I'll wait for bitcoin to finally go to the moon.

[Don Lord]

dear friend, bitcoin is the first currency in cryptography and therefore a follower of other coins, so the rest of the cryptographic coins cannot cost more than bitcoin.

[Dandyhunter]

The price is very high, because people trust bitcoin and believe in its great future. I think that the price should be much higher than now. Bitcoin becomes more expensive due to the fact that its popularity is constantly growing.

[baconlike]

However, my guess is that by the end of 2017 many people know the cryptographic market and the first coin they hear is BTC so the purchase of BTC is quite high and hence the price of BTC very fast growth