Why is the price of bitcoin so high

[Streets 2.0]

This week was just gold for bitcoin holders. 13k is the next historical maximum! We are watching the story right now with our own eyes! Today, obviously, "someone" opened a bottle of good champagne! Market mechanisms for pricing a product (bitcoin) no longer work here. Therefore, any forecast has even less chance of becoming true ... Nevertheless, everything is still going so) 15k by the New Year - not the limit))) I congratulate all on the arrival of Winter!

[ekolet]

High compared to what? Bitcoin does not have an intrinsic value.

[kr105]

Bitcoin is seeing demand from more and more people. In December, the world's largest foreign exchange exchanges will begin the futures of Bitcoin. This move will lead to even more investors investing in Bitcoin. This is just the beginning.

[Streets 2.0]

The next historical maximum ladies and gentlemen! It seems even my optimistic forecasts today turned out to be pessimistic! The average rate of bitcoin is 16k! I was expecting this only for the new year! Well, he is not the first time that surprises us all ... The main question now is how many people will be fixed at this level, and how many will believe in the new psychological level in 20k

[Streets 2.0]

I decided to believe my wife, who read about bitcoin for three nights and now apparently already understands me more. So she told me that bitcoin will not grow more than 27 million bitcoins more quantitatively. It means that he will always grow. Theoretically, the demand for it will continue for a long time, because all new and new investors are starting to make money on it. It turns out that now we can see the local highs in the bullish mood. If the market turns around (for example, in a panic) - it is impossible to predict the behavior of a large mass of inexperienced traders and investors. Then there is the possibility that the market will burst. 

[glowing10]

I decided to believe my wife, who read about bitcoin for three nights and now apparently already understands me more. So she told me that bitcoin will not grow more than 27 million bitcoins more quantitatively. It means that he will always grow. Theoretically, the demand for it will continue for a long time, because all new and new investors are starting to make money on it. It turns out that now we can see the local highs in the bullish mood. If the market turns around (for example, in a panic) - it is impossible to predict the behavior of a large mass of inexperienced traders and investors. Then there is the possibility that the market will burst. 

This will eventually be happening because the sudden rise in the price is not a good sign for bitcoin and we can expect the market to crash in coming time. Had their being a liner growth it would have its resistance level also and now with some fall people will start booking quick profits due to which the fall might be a big one.

[Come on!]

There is a limited amount of bitcoin in the digital realm that's why the supply is fixed in a certain amount. However, bitcoin became known to many and started to invest in it, the demand for bitcoin increases. Due to the increase in demand with only fixed supply, the tendency is to increase the price to prevent the shortage of supply and the fast exhaustion of bitcoin. Its like a collector item, the higher the bid, the higher the chances of winning and owning it.

[Karen23]

It is now so high, one reason maybe because of the demand.  Bitcoin is all over the social media.  Almost everyone is talking about their huge profit in bitcoin and suddenly almost all people want to have btc on their wallet.  Another one is btc is widely used in trading altcoins.  

[hyadumadha]

The current market cap is growing with rapid speed. This is because the media buy the rumors, sell the news about bitcoin is kinda scamm. And then our civil society starts to aware with this crypto stuff and try to invest for easy money. That's it.

[rumexx]

I think that one of the reason is high demand of bitcoin is what is driving the price high. The rise in demand is as a result of the impending fork which is coming on 16th December. Investor are buying bitcoin to deposit in their exchanges hoping to get 1:1 of the new coin that will come out of the fork.

[bribed]

Bitcoin has proven tech and the first movers advantage. The Bitcoin blockchain is around for a long time now and accumulated a lot of trust in the last years because it is reliable and safe. What also should not be underestimated when it comes to Bitcoin and its price is the huge community that formed itself around Bitcoin over the years, the more people believe in a currency and value it the higher it will be priced.

[Ging]

i think bitcoin's price is soo high because it is a genuine coin and it is the first coin it has big reputation and major cooperates are behind bitcoin.

[biletskiy]

Growing Chinese cryptomarket is dynamo for Bitcoin. More and more miners working hard on it, improving CPU and other equipment. I think Chinese factor is one of the reasons of growing BTC.

[real eyes realize]

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 answer of that why bitcoin's price is the highest is, bitcoin is the first coin. Also its demand in the markets is rising and rising, so this is increasing the price of bitcoin.

[DeepWater]

this is the fault of the Chinese miners  

[GalaxyWorld]

Bitcoin is inflated by the huge demand from big investors and bitcoin support communities around the world. I think the bitcoin will end in 2017 at $ 20,000, because now the capital is pouring into bitcoin more and more.

[abvhiael]

Bitcoin is something genuine is the first crypto currency and it is backed up by strong corporates beside it represents the future of payment

[Yooshijin]

Because many people are now recognizing the purpose of Bitcoin, but there are people who just buy Bitcoin not even knowing what is it just buying because they see that it appreciates rapidly.

[Streets 2.0]

Hello! It seems that today someone woke up with a bad mood and thought "I will sell all my bitcoins." The 15% drop is suspiciously similar to the recent increase of 15% per day! I feel that someone has started speculative games. What do we think? It seems to me that such races will continue flesh until the new year. The closer the more the amplitude should be. Seems it's time to buy! Or is it too early? In any case, everyone decides for himself!

[Streets 2.0]

I've been watching the whole day of the middle rate of bitcoin. Volatility is such that it's scared! )) What nerves are needed to trade inside the day with such fluctuations? nerves should be iron! Today I learned that in our city schoolchildren create a start-up "bikoin bank - the growth of your e-investment is our concern!" ) Girl and boy for 12-14 years! It seems that the world of the future has come faster than we all thought. These children "tomorrow" will form the price and principles of the formation of this price for everything. You need to invest in intelligence!