Why is the price of bitcoin so high

[ansh_848]

Its not a stupid question. Price is high just because of the Demand. When there is demand and more in supply than price of the market rises. If only happens when large investors buy bitcoin in high quantity at that time price goes up and when they sell price of the bitcoin goes down.

[cryptokudi]

The increasing demand and decreasing supply day by day, so this is usual thing in any field that results in increasing price. Bitcoin is main cryptocurrency and every trader does have their own bitcoin holding. And most of these alt traders after taking the profit on the altcoins they hold are just waiting for bitcoin's price to be at dip. When they have seen the price went down, they will make a lot of buy orders that makes the price of btc high again.

[jekyde]

I do think it is due to high demand in the market that causes bitcoin's price to grow even more. Bitcoins potential to grow is seen already that is why it hooked to many new comers that wanted to engage into bitcoin.

[Stimah22]

Bitcoin was the first of what have become known as "cryptocurencies".
These are forms of digital money that use encryption to secure transactions and control the creation of new units.
bitcoin plan was to make a form of currency not controlled by governments or businesses, that you could trade globally with no cost and without having to reveal your identity.. Today will have so making alternative coin that can be used to substitute BTC, but bitcoin has maintain it's host and become superior to other coin,  bitcoin lead while others follow.

[creon4u]

BTC is going to take a lot of total cappa in this period, dominating is rising up. It’s cicles of courses waves. Anyway even by now price it’s cheap for future value. In long time perspectives BTC is musthave in your portfolio.

[KuyaBreezy]

Saying BTC is high is actually a joke considering it has hit 15k before, anyway, the value, demand and supply are some of the general market forced that makes BTC valuable, other alt coins aren't in demand as BTC is, basic market rule is a higher demand of a commodity increases its prices, and BTC is in high demand, if a commodity's supply is low, means its not readily available also hikes its price, BTC's supply is limited, hence high prices.

[peach56]

The price of BTC is determined by investor confidence and how much everyone is selling/ buying bitcoin. This means that the volume is completely temperamental and will eventually need some sort of stability for investor confidence.  I would avoid these highly fluctuating currencies for a quick sell (day trade) as its near enough impossible to predict.

[Gamerholic]

My prognosis for 2018 will sound like this: during the whole year we are expected to jump to the level of 5k down (bottom) and level 30+ up (the ceiling). By the end of the year, I expect the price for bitcoin at 35,000 or more. There are a number of factors to enumerate their meaning I do not see - a fundamental analysis only. technical analysis with bitcoin does not work. it's my opinion.

[pokokeke]

I think this is already there who set it up so that pump dump teamnya do it.
because bitcoin is already a lot of investors and everything is almost targeted bitcoin.

[loof99]

The reason why the price of bitcoin is so high is because it is the first blockchain that was invented by Satoshi Nakamoto.
As time goes by, the price of it is increasing gradually. It same to antique furniture. The more in become old, the more it increase its value.

[lance04]

It is law of supply and demand concept.; the reason behind the market value bitcoin is too high is because of its massive demands receive in the market.
There are many people supports them so the increase of bitcoin community increases the price.

[callmeback]

Its because people accepts bitcoin in many country wherein some people are not aware in altcoin or any other crytocurrency. The price of bitcoin is so high because this is the first cryptocurrency and it became popular to other country thats why many investor or trader choose bitcoin as their coin. Its demand is increasing and many investors are using bitcoin in their business. Bitcoins has a potential to grow it is proven already , that is why it attract many new comers that wanted to experience bitcoin.

[IlfarIldarovich]

Market capitalization again went on the decline . I think this wave will be short ,it's time to grow the market as a whole . It is now possible to consider assets for purchase

[Snaic]

I would not say that bitcoin is much superior to other coins in its qualities, and therefore the price for it is so much different from other digital coins. Here the main role is played by its usual popularity, which arose because it was the first among all the crypto currency and therefore became very famous. Fame has generated demand, and demand - the price. This is what basically explains why bitcoin has a much higher price than the other altcoyins.

[Shuvrofpro]

Bitcoin price is high because bitcoin is the king of crypto currency and bitcoin is representative of the whole crypto world. There are many reasons to high bitcoin price. Bitcoin already accepted many countries and a lot of commercial sectors. Its very promising coin and well known in whole world. Many investors interest to invest in bitcoin. It is becoming popular day by day.

[hiburak]

Bitcoin's price in comparison to altcoins is certainly not high. It is actually low if you check out the Bitcoin's dominance which is 38% now, and it used to be 85% a year ago.

[s31joemhar]

I think the reason why the market value of bitcoin is too high because they perform great in the market and many investors are glad with it resulting to a higher demand that will helps them to increase the price of their services.

[Gamerholic]

if you bought bitcoin at a price level of 1-5 thousand dollars - then you can consider this topic relevant)) If you bought for 10 thousand dollars - then we are happy that we got to the point without losses, and if you bought in December-January 2017 - then wait on and do not panic, because the price will come to a level of 30-40k. Just wait. 

[Andika23]

maybe now bitcoin is being modern and widely also widely known all over the world hence bitcoin the price is so high but now the bitcoin price is going down so drastically but someday bitcoin prices go back as before

[nickmax]

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 is the main financial tool. Mostly it is used by large investors.

In bitcoin they invest a lot of money for many reasons:
- it was the first;
- it has a huge popularity;
- a strong support team;
- it trades on almost all stock exchanges;
- support of most wallets;
- and much more...