Why is the price of bitcoin so high

[alexzorgo]

The price of bitcoin is determined by demand in the market of cryptocurrencies. The great demand arises because of a unique combination of properties of bitcoin.
First - it very first of cryptocurrencies.
Secondly - it is really decentralized.
In the third - his creators in reality aren't found yet, so there is no lever which it is possible to influence that or other way. There is no lever, means there is no control.
In the fourth - limited issue.
In the fifth - an open source code.

[IlfarIldarovich]

well, it seems soon will come that moment when the price of BTC is becoming more appealing and soon time to buy

[DarkArmy]

Seems it took a 14% dump - and with that, it's going to provoke fear in the eye's of newcomers. People are going to start selling to minimise their losses and it will turn into a chain.

But it's high because people are willing to that much for it. That's how demand and supply works. If people didn't pay for them, 100 bitcoins would be considered null and void - just a bunch of data on your PC.

[KTPU777]

The high price of bitcoin is due to the fact that it was the first in the crypto currency market and will remain the first. He is like digital gold. Although at the moment some altcoins outperform bitcoin by technology, but still bitcoin will remain the first.

[HybCZ]

the too high price of the bitcoin seems to be the past. We can exoect price aroud 7000-10000USD because of segwit 2x I think.

[jam22]

The bitcoin is the original token and millionaires nowadays invest in bitcoin so that their money will just keep on rolling.

[cryptobobo]

Seems like the bubble burst is already started today, from $18k now to $13k many of the whales are cashing out.

[HybCZ]

Seems like the bubble burst is already started today, from $18k now to $13k many of the whales are cashing out.

I think it is not about any bubble but it is because of segwit2x and because of long payments time and fees . Perhaps the DAG has a share in it.

[MisterGreen]

Seems like the bubble burst is already started today, from $18k now to $13k many of the whales are cashing out.

No, they are cashing out because it‘s christmas time. This happened in the last years also. Just wait till around January and the price will rise again.

[draffankhan696]

its price is high because it is a main unit of cryptocurrency.....nd mostly usedd alsoo...

[orion_tera]

Why is it so low now? Its just how the freemarket works, some guy  speculated that it is inferior to Bcash and all the sheep started barring the gates. Once they dump bcash, we will have the reverse effect.

[Synaesthesia]

Actually, no one know the value of Bitcoin exactly. So, I think that because the demand of the investors is too high which leads to the increasing of Bitcoin quickly.

[HybCZ]

Seems like the bubble burst is already started today, from $18k now to $13k many of the whales are cashing out.

No, they are cashing out because it‘s christmas time. This happened in the last years also. Just wait till around January and the price will rise again.

Dont you think it can be because of the segwit2x, which will be 28.12.? Christmas would be at the beginning of the week;)

[bazar111]

Because of a free tether )) which push out Bitcoin , like steroid sportsmen ). Soon barber will come , and hamsters will sell their BTC on very low price

[Coinsaivory]

There are several factors for this:
1. Bitcoin is indeed THE original coin, thus, all the rest of the Alt coins are followers of the BTC.
2. Bitcoin is accepted on a global scale and is internationally renowned - unlike the Alt coins.
3. Bitcoin is based on people's faith of it. Therefore, the more faith people have in the coin, the higher its value will be.

I hope this helped in terms of answering your question.

[Good tbc]

There are several factors for this:
1. Bitcoin is indeed THE original coin, thus, all the rest of the Alt coins are followers of the BTC.
2. Bitcoin is accepted on a global scale and is internationally renowned - unlike the Alt coins.
3. Bitcoin is based on people's faith of it. Therefore, the more faith people have in the coin, the higher its value will be.

I hope this helped in terms of answering your question.

I quite agree with the above factors which actually are some of  the reasons why bitcoin prices are so high, this may also include  high demands and investments into bitcoin. The use of bitcoin for online transactions and the high profit gain are also possible cause of  bitcoin price rise.

[Yana_M1]

Not any more!!!! Bitcoin is going down and capitalizatoin became lower at 100.000.000$ How' s that?

[HybCZ]

Not any more!!!! Bitcoin is going down and capitalizatoin became lower at 100.000.000$ How' s that?

There are many opinions here, but which is the right question.I am most inclined to the reason re-activate segwit2x.

[mega]

Its matter of investment we can say Law of demand,more demand prices go up.Most of Business tycoon and showbiz personalities are aware about Bitcoin and invest in it with high amount that's reason Bitcoin demand is high and supply is short so prices fluctuates.

[jam22]

Yes it is so high cause millionaires nowadays invest in bitcoin to keep their money rolling.