Why is the price of bitcoin so high

[shiv06]

Bitcoin is the first virtual currency that is very popular. The reason why the price keeps getting higher the demand of an currency the higher, it's price become. It longtime expend in crypto marketing.

[vincentbeth934]

I believe that it's basically because of the high demand, 'hype'/craze from everyone everywhere who just want to buy a piece.

[HybCZ]

where do you think it will grow up?

[katarin2030]

Bitcoin is the first virtual currency that is very popular. The reason why the price keeps getting higher the demand of an currency the higher, it's price become. It longtime expend in crypto marketing.

It depends on the number of users obviously bitcoin has more number of users than any other types of cryptocurrency and the requirement of bitcoin is more because of the  more users supply is less more profitable that could be the one reason why the price is so high.

[avia]

One thing that made bitcoin price so high is probably the fact that it was the first digital currency which means that it had somehow established itself compared to other coins. Another is the number of investors that bitcoin has, due to its popularity and reputation, it had proven itself worth any investment. Lastly is its usage in certain transactions and the fact that some establishments acknowledge its presence and use which offers comvenience, hence more and more people prefers bitcoin.

[ozgur35]

Hi,

Limited supply makes people excited and there is a huge demand as people try to get as much as they can and want to be limited btc owner. As well as its limited supply, difficulty of mining started to increase annd this will still increase the prices.

And the main reason is it is the main coin! As simple as it is

[pjwaffle]

One thing that made bitcoin price so high is probably the fact that it was the first digital currency which means that it had somehow established itself compared to other coins. Another is the number of investors that bitcoin has, due to its popularity and reputation, it had proven itself worth any investment. Lastly is its usage in certain transactions and the fact that some establishments acknowledge its presence and use which offers comvenience, hence more and more people prefers bitcoin.

I agree with you view that Bitcoin is the first coin of the world. Most altcoins have to compare with it. There are too many people trust it and hold meanwhile the quantity of Bitcoin is limited. So, the price increases every day.

[HybCZ]

One thing that made bitcoin price so high is probably the fact that it was the first digital currency which means that it had somehow established itself compared to other coins. Another is the number of investors that bitcoin has, due to its popularity and reputation, it had proven itself worth any investment. Lastly is its usage in certain transactions and the fact that some establishments acknowledge its presence and use which offers comvenience, hence more and more people prefers bitcoin.

I agree with you view that Bitcoin is the first coin of the world. Most altcoins have to compare with it. There are too many people trust it and hold meanwhile the quantity of Bitcoin is limited. So, the price increases every day.

But he can not ascend to infinity.

[jazmuzika217]

Bitcoin is the first among of all the crypto currencies that we have today. It gets high price today just because the demand for bitcoin gets higher. And also the bitcoin is accepted in most of places in the world. Further more altcoin is developed coz bitcoin is limited only and Im assuming that you already knew that. By analyzing the basics, limited supply over to a greater demand. I think you can answer why bitcoin is pricey among all of the cryptos. You might want to read some articles regarding to the crypto currency mate. Good luck!

[404edson]

As we all know that Bitcoin is the main aspect of the cryptocurrency. This is easy to understand in which investors want to learn.

[taribo]

Its value lies in the belief that someone else will pay a higher price to buy it. Simple as that. It is the most valuable one because its perceptional basis has a longer history than others. First come first served principle. It may not protect this title though.

[AlObado@gmail.com]

bitcoin is one of the top cryptocurrency and the other altcoin is just following. so bitcoin is rising as many investors and more and more investors and users increase the bitcoin industry.

[Streets 2.0]

Hello! We keep our reportage straight from the table with the price of bitcoin! And what do we see? We see the battle of bulls and bears! We see the resistance of the "classical banking system", we see the belief in bitcoin is growing like the price! This is a correction that we now see is "preparing for a rally." What level can "break through" the price in conditions of strong fluctuations is difficult to predict. But I believe that we will gain a foothold until mid-January at 20k. Because all news and investor activity + media = growth of quotations!

[HybCZ]

And now??? It is only small corection or people are runing from BTC to BCH? OR ....
What do you think is the reason of BTC price falling?

[CryptonikaTrade]

Why is the price btc so dumping now.. sad.
And yes BTC price much higher than other alts because is btc underlying asset and alts are tradable assets to btc

[babsjoe]

Bitcoin price is still selling at the premium price. The potential price of bitcoin is in seven figure as it is predicted by the Leaders and Analyst in crypto space. The price different you see in Bitcoin vis a vis Altcoin is because Bitcoin is the first, most secure and most popular of all cryptcurrency.

[shezu007]

price of bitcoin depend on the demand and supply as the demand of bitcoin in market increased and supply become shot then the price of bitcoin automatically increased while if supply increased and demand is decreased then price of bitcoin is going decreases. Price of bitcoin is increasing because bitcoin is getting more and more customers with time due to which demand of bitcoin is increasing more and more and that is why price of bitcoin is high.

[FiveReelsOne]

Please someone correct me if i am wrong. Almos all altcoins are patterned from bitcoin. I think bitcoin is the alpha of all altcoins and it is just right that its price is just much higher tahn any other cryptocurrency. Since bitcoin is the one that is the most accepted in any other cryptocurrency it is just natural tht its value goes up and up because of its demand. When someone gets into crypto world no one will ask of what is a bitcoin. All cryptocurrencies sometimes will be called bitcoin even if it is not of which I call "brand Naming" thats how popular is bitcoin and it implicates how and where its price must be.

[tushkanych]

Here in this article very well painted why is the bitcoin. After reading a bit I questioned its reliability. But leave I do not think. Even if it is written in the article is true that much he will not fall. http://telegra.ph/Pochemu-rastet-bitkoin-Mahinaciya-veka-11-20

[Saif Mughal]

because it is the very first coin in cryptocurrency