Why is the price of bitcoin so high

[Streets 2.0]

The passions around discussing the price of bitcoin are now boiling like never before! Now everywhere in the press and television jokes on the topic "how I was a fool that did not buy THEN!" I'm wondering when bitcoin breaks the level of 10k? Any opinions or theories on this subject? I think that now it is the same speculative tool as other currencies. Given his hesitation, this is a cruel roulette of the Russian type.

[Joan_Dentist]

I think the bitcoin price will drop in the next few days

[rainezerr401]

The value of coins in the market is depending on the interest of consumers, Also in the supply and demand of every coin. You just need to search for the information of the coin before investing and think what is the most profitable before investing.

[Joan_Dentist]

This time many ico projects, should buy large bitcoin

[Jonashe]

The value of coins in the market is depending on the interest of consumers, Also in the supply and demand of every coin. You just need to search for the information of the coin before investing and think what is the most profitable before investing.

The consumers will soon be a minor factor. Instituionnal investor will have a lot more financial capacity. So they will take a huge share. Weak hands will get out, people like us will have low power over market. I don't know if it's good or bad tough...

[fiomcorka]

The first reason why the price of Bitcoin is so high is because it is superior. In year 2009, Bitcoin came to an existence. It has become superior because it is the first cryptocurrency. A lot of developers, hardwares, and softwares supported Bitcoin first. The next reason is, the total demands on Bitcoin is high.

With the passage of time, there are more number of people who are getting to know about bitcoin. This is basically increasing the demand of bitcoin in the international market which in result is causing this much increase in the market value of bitcoin. This trend will continue to rise in the next coming days as well. Bitcoin will for sure have a very good market value which will help the investors in making more money.

[acolin]

 Look, it's just one huge hipe. It will fall and then it will grow again. Today it
cost 10k, tommorow it can fall to 3k. The big guys earning big money on that
roller coaster.

[DirectDeposit]

Simply because of the demand

[dangdangdang]

Like Gold, Diamonds and Gems the fewer the number the higher the value it is.
Since Bitcoin was pumped up and the price was getting increased from time to time and people started to collect it because the Bitcoin supply is very few so people want to invest because everyone wants to see their investments grow and now more and more people want to buy because Bitcoin is more effective as being Cryptocurrency just like our fiat.
Nobody can create Bitcoin out of the blue so the only way to get Bitcoin is through buying it or mining it.

[fancy_pants]

The price of bitcoins is going high because demand is going even higher.

[dangdangdang]

Simply because of the demand

The lower the supply and the higher of the demand will make Bitcoin more expensive because it's not about selling, it's about buying Bitcoin through auction, the highest bidder can only get Bitcoin.  

[KwizatzHaderach]

Increasing demand worldwide is fueling it. Bitcoin has become more of a safe storage of value as it always appreciate in value due to scarcity.
Same as other precious gems, its the market dictating that price, some are speculating, but as it become more accepted, value should increase.

With several banks also looking into investing to bitcoin, the favorable regulations from other countries. Should be a good chance to hit 10K mark before end of the year. Looking into a serious correction though, as I feel this pace of increase is not sustainable in the long run.

[dangdangdang]

Simply because of the demand

The demand is high because Bitcoin cannot be created outside of the the Bitcoin blockchain core and the only way to get Bitcoin is to buy it from traders. The only reason for buying it because everyone want to have it and Bitcoin will continue to rise like a rocket and everyone knew it will give them good profit in the future so Bitcoin price would mo expensive because the highest bidder can only get it.

[posi]

I think the bitcoin price will drop in the next few days

Well, your thought is wrong because the price so strong lately and it will be weekend before any slight drop in price will occur after that bitcoin is going to break another ATH.

Next year is indeed a good year for crypto currency.

[BossMacko]

One main reason why Bitcoin price is so high is because of it is currently in demand and the supply is limited, so every time we are getting near in the maximum supply of Bitcoin, i assume price can go really more high in the future. Even satoshi can become priceless so always keep extra satoshi in to your wallet someday it might become very valuable.

[multibit]

There is only so much Bitcoin that will ever exist, every day less and less bitcoins are being “mined”. Unarguably, bitcoin is very popular, which creates more demand for it. The supply however, is limited. That's were the basic principles of Supply and Demand comes in. You want a bitcoin, Everyone wants a bitcoin, but its limited. Which means that in order for you to get that bitcoin you need to pay more than me and the other person that wants a Bitcoin. There is more demand than available supply. Also, the legalization of other countries in using bitcoin might also affect its  value. Also the prediction of experts also affects its current value. And I think it will continue to increase.

[Moana]

The real answer that the price really has tried to go down, but since it didn't manage, it was forced to go up instead

[eldub]

There will only ever be 21 million for 7 billion people. The competition for those few coins will get intense.

[indrakusumaindra]

many factor made it so high rigjt now. first of all its the pioneer coin that has been so long in the market. seconds bitcoin already survive so many years rather than all others coin. third the demand is so high and people believe on it. forth bitcoin seems never down instead it keep rising in this month significantly. fifth there is issue pf segwot that could make bitcoin market even stronger tjan ever before.  so there os so many reason why bitcoin so high now and it would become bigger and bigger

[xurestey]

Bitcoin is priced high now as traditional investors are turning to investing in crypto and especially bitcoin. This causes the bitcoin price to increase continuously. In addition, the amount of bitcoin is very small, so it increases the bitcoin's value.