Why is the price of bitcoin so high

[Sand King]

Basically right now almost nobody is buying bitcoin for its usage like it was meant to be, everyone is buying it now for a  quick profit.

I think on why the price of bitcoin is so high, is because bitcoin is trusted my many people and in that way the investors are also trusting bitcoins thats why the value or the price of bitcoin is totally increasing, and i think bitcoin price is very high because bitcoin is running for many years and many rich people is also interested in bitcoin thats why they are supporting bitcoin and thats why until now the price of bitcoin is still rising.

[AimHigh]

We knoa that bitcoin was the number one and the first and lead than to all cryptocurrency and also have a high value than others and the reason why bitcoin was continuously increasing just because of it is also rising against other international currency like euro and yen so that is one of the reason why bitcoin increasing and have high value and of course because also many investor was here in bitcoin.

[roy12875]

In my opinion, Bitcoin demand is higher than everyone think. There are many countries try to accept bitcoin to use in their country. even Banks issue bitcoin's bond to invest in world market. That's why I think bitcoin is so high.

[think3214]

Bitcoin is getting a lot of attention from the international community. At the moment I am aware that there are big investors who are interested in bitcoin and invest a lot in it. This is the reason why bitcoin has increased a lot recently.

[dcvmarvel]

Too many people investing in bitcoin or existing investors are investing more into it and there is less and less supply for Bitcoin.

[uztre29]

The reasons why the price of Bitcoin is so high is because of its superiority and the fact that it is the original coin. Therefore, the answer is both of them. The technology behind Bitcoin is more advanced compared to that of any alternate cryptocurrency. Though Bitcoin is still developing, Bitcoin is still the best cryptocurrency.

[mercer007]

The price of Bitcoin is so high because it is the first cryptocurrency all over the time. The amount of coins in circulation is much less than demand and this amount couldn't grow instantly due to decentralized emission. So demand is much higher than supply.

[cherryganda]

because of the interest of new comers into bitcoin, so many people now are joining cryptocurrencies and as bitcoin is the most popular and starong creypto people are on its side! in addition of the upcoming segwiits .. bitcoin is really amazing now and the price is so high i wish this bubble will never pop and will continue to rise ..

[Streets 2.0]

Yesterday I was lucky to meet with my old friends. Approximately 50% of all conversations about bitcoin and his fate. The topic becomes so important that it even frightens me how much I got into the stream on time. We with the guys argued about the price level for January 1. Such opinions turned out: 1) 15k + - this is my opinion; Above I described why I think so, that does not mean that I need to listen and urgently "buy". ))) 2) -10к - was among the pessimist; 3) The guy is sure that the time of rapid growth has passed and now the price will get stuck at about 10k; 4) Said that he did not care and that he plays in Dota2%)))). Such things ... We sat well!

[Commitments]

Supply and demand plus a bunch of buyers to hold, and the old fashionated holders.

[Garyzteo]

I’m new to crypto. Am I too late in the game?

[bcnaranjo]

Why it goes up in the beginning is the same reason why it goes up now, the Chinese. I'm not sure if my source is correct.

[fazerockzx]

Why? It's simple because it is the first decentralized digital currency. Back in the day when nothing else exist other than bitcoin, it's like just imagine having the first and only business in a place, people will start to like it because it is the first business and the only one exist there. So for more than 8 years that bitcoin exist, many people encourage bitcoin that's why it grows so fast.

[Sadlife]

Maybe because its the original and first digital currency decentralized crypto back in the day with much more advance and secured technology compared into today's fiat. The reason why the price keeps getting higher is simple demand the higher the demand of an currency the higher it's price become. People are getting attracted to it because of its rapid growing value that even surpass gold and the promise that if you invest in it you will become rich.

[besiramidi]

Bitcoin is at the heart of the crypto market. Big investors are interested in bitcoin a lot. 2018 will be a strong year for bitcoin, I think it could reach $ 50,000 in 2018. You can invest in bitcoin.

[Wildwest]

Why expensive? because Bitcoin is the first virtual cypto currency that is very popular among investors. Creating Bitcoin is very difficult require multiple computers with high specifications to create it. Also many countries are now legazing Bitcoin to use it for to improve economy of their countries and that's why Bitcoin so high.

[Fazlurkhan.kz]

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!

[Bibimboop]

Speculation.

Really that's all that's driving BTC price up right now

[lamby]

Most people getting into cryptocurrency start with bitcoin. Some are not even aware if there are other crypto coins. So they all go into bitcoin.

Besides btc is used as a means to purchase any other coin including ethereum. So it's demand is high. Hence the high price

[lelecoeg]

Rising prices from Bitcoin is due to the Fork plan to be performed by Bitcoin Gold and SegWit2x at the end of October 2017. Fork itself is a term used when a network of digital currencies (cryptocurrency) will be split into several entities. Someone who already has some digital currency, will get a new digital currency with the same amount.

For example for a Fork that will do Bitcoin Gold, if you currently have a thousand Bitcoin, then you will also get a thousand Bitcoin Gold after the Fork is done. The value of the new digital currency itself can not be predicted, but many investors are hoping to take advantage of this process.