Why is the price of bitcoin so high

[shams]

It is because Bitcoin is a King and everyone loves bitcoin and the main reason is world has started to accept bitcoin like a normal currency. We can use bitcoin to shop online in many eCommerce sites around the world and many other companies are also accepting bitcoin as a currency we do not see other cryptocurrencies accepted like bitcoin this is the main reason bitcoin is high in price from other coins.

[Ascredo]

Bitcoin was the first to open the crypto currency, so he is "Idol". If you could notice all the altcoins are traded mostly to bitcoin.
All the price of it because of the glory.

[Matezaa]

cлышaлa биткoин в нaчaлe этoгo гoдa yпaл и этa тeмa бypнo oбcyждaлacь

[kirito1614]

Since bitcoin has a constrained supply, truth be told, there are just 21 million Bitcoins that can be mined altogether. btc accessible, and with it being another thought individuals needed to help so they began mining it and purchasing , and in this manner prompt a popularity a request which was not completely satisfied as the trouble of mining began expanding, and this made the cost goes up, which made bitcoin well known which prompt considerably higher request, so at last you have a major hover of interest, that makes bitcoin what it is today.

[sheryl26]

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

I think bitcoins price is higher compared tp anybother coins in the market especially altcoins is because they are the first one to be launch in the public, to be created and with that we can say that those are a head start to bitcoins to have some loyal comsumers and users and we all know that if we got the trust and loyalty of the people they will never go away tp us amd they will spread the news to other people so those people that are mew tp this league are getting advice to those veterans and those veterans are suggesting bitcoins aside from other because it is more trusted.

[GERMO COIN]

because bitcoin is the first coin in crypto, hence the bitcoin price is very expensive compared to other coin

[MaksDM]

I think bitcoin will keep a high price, as large investors can invest in it and when the altcoins ask to buy them at a discount to bitcoin

[malfurionbtcn]

Bitcoin is the first coin in the world and others depend on it

[StacyKo]

I think bitcoin will keep a high price, as large investors can invest in it and when the altcoins ask to buy them at a discount to bitcoin

Fully agree, bitcoin is leader now and I think it will be on the first place for the next 2 years!

[goodrus69]

Bitcoin was the first coin that made the breakthrough and raised itself in the crypto industry. The more people interested, the more people buy it and make the price higher.

[adikanwae]

I think the bitcoin is the first, so its very popular. The demand of bitcoin from year to year are increase constantly, thats why the bitcoin price is very high right now

[zdrmay]

Each holder of the bitcoins, using it in time, artificially created agiotage and panic around the course changes, can raise or crash it. Local, however, as well as global jumps of the bitcoin course happen today and will continue to occur, because people are always ready to invest their money, trying to make good money on it. 

[Valovut]

Bitcoin is the first coin in the Crypto currency world. Its demand is increasing day by day.
Bitcoin system has been introduced in many countries,
I think the price of Bitcoin will increase a lot.

[Asmonist]

This thread started on November last year so definitely that time the price I agree is really higher than now. The concept of supply and demand affected pricing. This time the price tends to lower down maybe because the supply increases and the demand is quite lower. There are lots of opportunities also due to new year. And I guess some people have yet to decide to buy bitcoin. This is also a great opportunity to invest or buy when the price is lower.

[WUUEX79]

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

What makes high bitcoin prices one of the causes is the rising demand for bitcoin, while bitcoin supply is very limited, As said by Shenzou.
Altcoin is the new virtual currency, bitcoin derivative, created by bitcoin fork. It feels very natural, if bitcoin is more popular and expensive than altcoin.

[eekkaa]

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

bitcoin prices are very high because bitcoin is in the interest of everyone in the world while bitcoin availability is very limited, it will make the price to be expensive because it has a very high demand while availability is very limited.

[Ziminator]

This bubble is well inflated. Many are interested in him. And since its quantity is limited the demand is not satisfied in full. Which leads to a rise in price.

[Gameroid]

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

What makes high bitcoin prices one of the causes is the rising demand for bitcoin, while bitcoin supply is very limited, As said by Shenzou.
Altcoin is the new virtual currency, bitcoin derivative, created by bitcoin fork. It feels very natural, if bitcoin is more popular and expensive than altcoin.

Yes increasing demand of bitcoin can be the main reason of increasing price of bitcoin. I think that in future its  demand will increase more and more because the bitcoin popularity is continuously increasing and so the price of bitcoin may also be increasing. Even in backward countries people are now showing interest to invest their money in bitcoin and get profit from it therefore the demand of bitcoin will increase more and so the supply will decrease which is cause the price to increase more.

[elitemom]

Usual supply-demand. The total supply of BTC is pretty low, and still not mined fully, also if you count different wallets with different amounts of BTC lost over the years then the supply becomes even lower. And the demand is speculative right now, everyone thinks it will go up higher so they buy BTC making it go up higher in price

[doch]

This bubble is well inflated. Many are interested in him. And since its quantity is limited the demand is not satisfied in full. Which leads to a rise in price.

And i think that with the passage of time the supply will become more limited and which will even cause the price of bitcoin to increase more and more. In fact bitcoin is the first cryto currency created and that is also one of the most important factor causing the price of bitcoin to increase.