Why is the price of bitcoin so high

[Streets 2.0]

Congratulations to everyone on the onset of another "black" Tuesday for crypto currency. Bitcoin is looking for a bottom and talking about his "high" price and wondering "why is the price so high?" already it is impossible. It's time to ask the question: "Why is the price so low ?!" %) I see in this situation only a lot of "opportunities" and not a tragedy. I'm sure most of the community thinks the same. I am pleased to observe all these ups and downs - participating modestly in this historic process. Buy at low levels - I'll sell at 40-45k. =)

[feelideb]

In the future, bitcoin is going to be higher still. But the reality is bitcoin is not high or expensive at all. Bitcoin is the best money there is and there will be a lots of interest in bitcoin in coming years. Once people can see bitcoin for what it is, there is no telling of it's growth.

[HybCZ]

Do you still think the price of BTC is still high?

[Elsonbol]

I think the price grows because more and more people learn about him, than more buy, the price will be that Vichy in the future, I won't be surprised if he this year reaches 40 thousand dollars.

[Zeneize]

I guess that somebody must have taken this question very seriously and this could explain the bloodbath of today with BTC's price tanking.

[ice098]

I guess that somebody must have taken this question very seriously and this could explain the bloodbath of today with BTC's price tanking.

I think because of higher demand of people that's why its price of bitcoin is higher, also because many people get interested to it, so the supply of bitcoin is not enough to all people who wants to hold it, also bitcoin is limited only so i guess they make bitcoin in higher price to supply all people who wants to hold this coin.

[HybCZ]

wish something BTC is falling

[Jingjess]

perhaps the first Bitcoin coin in the world of crypto and altcoin is a bitcoin follower. bitcoin is nominated all over the world and is acceptable in most places, whereas most people are not aware of altcoin nor have value but are still under Bitcoin.

Aside from the fact that bitcoin is the mother of all cryptocurrency,I think the main reason why bitcoin price is very high because the huge demand of bitcoin in the market and bitcoin has only limited supply so that makes the price of a bitcoin so high.

[Streets 2.0]

Why is the price of bitcoin so high? - It sounds like a joke today, and it's not funny! : (((Tragedy is the case with those who invested in the extraction or bought at the level of 15-19k for bitcoin! What do they do now? Where do we find the bottom and will it or the price go in minutes?))) All these questions torment the masses investors and harvesters today! The words of the founder of Ethereum are better than any assumptions - "Those who invested in gold in 2017 will lose them in 2018 - it's like a bolt from the blue that finally strengthened the bearish trend in the markets." Who or what will deploy them, what price will we call "high" in 2018? Questions ... questions ...

[Streets 2.0]

Well, what we see after two weeks of falling. It seems the bottom is found and you can wait for correction. What does this mean for investors who bought for a long time - but that does not mean anything! And for those who trade within a day and open short positions - all the same because they trade both on a slide and on increase! These guys do not care about how the price behaves - then the question is: who is interested in it at all? Who are those people who ask themselves "why is bitcoin so expensive?"

[Streets 2.0]

Someone's morning was evil and he decided to sell everything))) Markets went down - evil Sunday! The price is relatively high in October of last year, it's not necessary to strain much, especially those who buy at 9-10k and are now calm as a boa constrictor - everyone sees that there is another turn, or rather, the rebound of which everyone was waiting and praying for him)) Now all together we will work on the fact that everything grows further - the community always makes a stronger contribution than thinks.

[andor.gellenhidi]

Why do you think that the price for bitcoin today is so high? I think on the contrary that bitcoin should cost far more than what it costs now, so this is a very unclear question. Taking into account, how much remains to get bitcoins and taking into account the fact that the team integrates lightning into the main network, bitcoin will soon cost around $ 100,000.

[Streets 2.0]

Well. By 23.00 in Moscow we see the price at the level of 11k + this gives some optimism - after all I have already started to hear phrases from my friends and acquaintances "the bubble bursts," "and here is that very collapse", "I told you not to talk ! " - I just nod) The price will surely reach the end of the year to 30-40k for bitcoin. That's what I believe in and what I'm ready for and has already put the money. Well, seriously - the crypto currency is doomed to growth!

[Streets 2.0]

I think this theme will again heal and blossom when we rise to the levels of December 15-20k, when we approach the 30k bitcoin theme will become the most popular on the forum! %) I think there are a number of fundamental, economic, historical and psychological factors and the reasons for which it becomes clear that bitcoin is the crypto currency of the future (at least as a historical digital artifact)

[mpufatzis]

Bitcoin is designed from the beginning to have a high price. It follows the mining of gold. In the beginning, there is plenty of it and as time passes by it becomes more scarce and precious. 9 years after the first Bitcoin was mined, 80% of it is already mined and the rest 20% will be mining until 2140. Another explanation is that Bitcoin attracts people and investors, because of that high price and the promising profits it would bring.

[Flomo]

in addition to stable prices and tend to increase, bitcoin is also the parent of coins that are created today (altcoin) and the first crypto is bitcoin.

[Streets 2.0]

I look at days and nights at a price and think about the fact that recently, not bitcoin is (for the whole market) pressure. Where it comes from and why someone does it - it's not clear, but the feeling does not leave me that way. And that's what - this "someone" has a lot of bitcoins maybe some bit of bitcoin. Here is such a strange feeling it was born recently who knows whether it can grow into some kind of coherent conspiracy theory? )

[Streets 2.0]

My wife constantly tells me the same story about how she thought in 2009-2010: you have to stock up with these strange digital coins! She had a childhood friend working for an IT security bank who was just offering her $ 40-50 for bitcoins. In December 2017 she told me this story 1000 times! God ... I swear if she again tells me this story I'll have to buy her real coins with the inscription "bitcoin"

[kingcoiner001]

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

because it's on the top so it can put a price and people will pay for it

[torukmakto]

btc prices are higher than other coins because the price is higher than other crypto currencies and the first buyers prefer bitcoin. As the purchases of other subcoins are thanks to bitcoin after bitcoin continues to rise.