Why is the price of bitcoin so high

[q835197677]

This is because bitcoin is the originator and the first coin.
However, more reason is targeted at investors around the world, bitcoin audiences more extensive, more well-known, but also almost all ALTCOIN's trading base unit.
There is another reason, the author of bitcoin is still a mystery, Nakamoto no one now who do not know, this is the center.

[talkbitcoin]

because bitcoin is a real thing, you can give bitcoin or some portion of it and receive anything physical in return, from paying your check in a restaurant to buying real estate you can do with bitcoin.
but the same thing is not true for altcoins. they are always going to be virtual tokens which only get speculative demand.

because of this, the demand for bitcoin is mostly real and small part speculative. and that demand is rising.
also the supply of bitcoin (unlike most of the altcoins) is small and it also is limited (unlike many altcoins). less supply and rising demand means a huge price and a rising one.

there is currently around 16 million bitcoin available. go and compare this number with the number of coins available for other altcoins. you can use a website like coinmarketcap.com

[ryanben]

The price of bitcoin is reflected through the belief of investors. Most large companies and large economies such as Japan, Korea, China trade bitcoin a lot. Bitcoin is licensed by the Japanese government for the exchange of goods and is legally recognized

[X - Mas]

or maybe this price is still cheap ?
because is the demand, as the first cryptocurrency, bitcoin price will always increase,
people start believe in bitcoin and start buy bitcoin  that is one from many causes

[wordspavovv]

The simple and only true answer is because people have no idea where they put their money, they just think that is always going up up and they make money. ..

[Aura]

It's because it's the original coin, altcoins are like the name says alternative coins, based on Bitcoin's technology.
That's also why most investors rely on it, because it's the oldest.

[trk]

Because it is the first, will be the one and only bitcoin despite all its inferiority compared to others
Other factor of course the increase in demand, after seeing its track record, who's not tempted to get it?

[BogdanGFTP]

Because it's classic bubble 

[warrior333]

Because it's classic bubble 

Do you have any reason to assert this. You were hired bankers to spread this information? Everyone who talks about bitcoin never makes a compelling proof of his words. I think that bitcoin is the Foundation for building a separate economy that is not subordinated to the government. It certainly could provoke a war of governments and banks against users of bitcoin but if we persist we will win.

[Tamim121]

The price of bitcoin so high because of its demand and less production. So many people invest in Bitcoin. So many people trust Bitcoin blindly.

[SiDtHeBeSt]

The price of bitcoin at this point is the highest. As you know it was the first one. It is the original and as it got  so big because of its popularity people started new coins and hoped that these coins would grow like bitcoin too. Bitcoin gained a huge popularity and more and more people started investing in it. Also the quantity of bitcoins is not unlimited which makes it even more valuable.

[slaman29]

because bitcoin is a real thing, you can give bitcoin or some portion of it and receive anything physical in return, from paying your check in a restaurant to buying real estate you can do with bitcoin.
but the same thing is not true for altcoins. they are always going to be virtual tokens which only get speculative demand.

because of this, the demand for bitcoin is mostly real and small part speculative. and that demand is rising.
also the supply of bitcoin (unlike most of the altcoins) is small and it also is limited (unlike many altcoins). less supply and rising demand means a huge price and a rising one.

there is currently around 16 million bitcoin available. go and compare this number with the number of coins available for other altcoins. you can use a website like coinmarketcap.com

Precisely said. Bitcoin has a price that is so high now, in your mind. It is almost twice as high in Zimbabwe, it is also very high in India and why? Simple expression of demand. When Bitcoin is scarce in these countries, of course people are willing to pay more for it.

And why Bitcoin? We all hear how Bitcoin Cash and other alts are cheaper faster and what not. Simple also. Bitcoin is the currency accepted everywhere for a growing number of things. You can buy real estate, pay bills, buy things, even pay taxes in Switzerland. What can you do with Bitcoin Cash and most alts right now?

[irmasany]

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

so many people hold the bitcoin so that the bitcoin value continues to rise due to limited supply. bitcoin is the first of all crypto that exists. and that's the big difference from altcoin.

[Dharmendrax]

There are lots of reasons for the price rise of bitcoin.
Some of the reasons I can tell you.
First thing you know that crypto currency has started with bitcoin.

And as you know, the price of the crypto currency depends on the demand and the supply.

And the supply of bitcoin is low and the demand is high and there is One more important reason is acceptance of the bidcoin.

As far as the ALT coins are coming from their trading bitcoin, due to which the rate of bitcoin will remain high.

[cointabo]

Because bitfinex is creating tethers out of thin air and pumping it into margin book, which increases the price of BTC.

[Crasengover]

Bicoin is the most stable currency that shows gradual increase over the last years. With the growing popularity of cryptocurrecies, more and more people prefer to invest their savings in BTC for a long term. Even though Bitcoin has a lot of disadvantages as slow transaction speed and high fees, it's still very popular. As assume that BTC can get up to 10000$ in few months.

[pressureonme]

Bicoin is the most stable currency that shows gradual increase over the last years. With the growing popularity of cryptocurrecies, more and more people prefer to invest their savings in BTC for a long term. Even though Bitcoin has a lot of disadvantages as slow transaction speed and high fees, it's still very popular. As assume that BTC can get up to 10000$ in few months.

It's the king of the market. We all believe in it and it's gonna be $100,000 within 5 years I think. These are the reasons.

[svojoe]

First of all it's the first cryptocurrency all over the time. The amount of coins in circulation is much less than demand. And this amount couldn't grow instantly due to decentralized emission. So demand is much higher than supply.

[duyduc256]

Bitcoin for me at this time is very cheap and I have spent all of my assets to invest in Bitcoin because I believe that Bitcoin prices can reach $ 200,000 and this market will be a great destination for invest

[thesmallgod]

Similar questions have been asked on this forum. first you need to understand that bitcoin have the highest market cap. alot of people use the coin to pay for goods and services daily apart for trading or investing with it. bitcoin price increase due to high demand for the coin by users and this could happen also some other coin if the demand increase as well and this rise might continue if the demand continue to increase