Why is the price of bitcoin so high

[aquantivis86]

Relatively speaking Bitcoin's price is low.  If you have faith in the currency just go away and come back a year or two later and you will see.  Probably going to correct soon but will then be back there.

[JesusCryptos]

Because people want to buy it because it will get higher. It is a self fulfilling prophecy.

[NLO]

Bitcoin is the world's first cryptocurrency. Only the lazy one does not know about it. A limited amount of bitcoin also raises its price.

[Spaffin]

The price bikookoyna compared to other crypto currency is really very high because bitcoin was the first crypto currency and is now very popular. A significant part of the population from crypto currency knows only bitkoyn. Given that it initially began to increase quite rapidly in price, demand for it began to grow, which attracted the attention of even more people. Thus, because of the increased demand for bitcoins, it is growing in price, and the price is rising, because the demand is constantly increasing. At the same time, the demand for other types of crypto currency is not so great, therefore, they lag far behind in their value.

[Adil Amim]

Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed back loops. As because many people are getting to know about Bitcoin globally and Bitcoin seems to be the future of money, so the demand of BTC is increasing rapidly. And when the demand increase then price automatically reach to its peak.

[MacRohard]

I think that is a loop. Bitcoin is the first coin and with own advantages, many people wanna owe it for payment. This leads its price increase quickly. When Bitcoin price goes up too fast, it attracts the investors for profit.

[GreatArkansas]

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.

Exactly! Also because the demand of bitcoin now is very high, lot of new investors getting in in bitcoin, so we can expect it will still pump to the max before the end of 2017. Let's hope.

[Streets 2.0]

 
News of the day: 17k + level - DONE! What's next? Against the background of news that futures for bitcoin exceed its price ... That bitcoin enters new markets as a full-fledged "chip." All this leads to an increase in demand, interest and of course to the price increase! How high is it? How long will we see the growth of bitcoin? My forecast remains the same - 20k by the new year. Who knows? With such news, we can see all 30k in January!

[kz06]

it is high in demand. thats why, it is high in price

[dvillier]

Bitcoin have enormous advantage of being first of its kind so group supporting bitcoin is extremely immense and in addition the interest for bitcoin.

Different alts are simply contending with each other and circumstance for alts is as a rule most exceedingly bad ordinary by presentation of trick coins and ICOs. Individuals are losing trust in ICO and altcoin, regular now needs to hold bitcoin that is the reason bitcoin cost is pumping more than ever.

[howlong3098]

The bitcoin price surge is no longer just a temporary fever. Industry experts say bitcoin prices are pushed up by traders selling off other types of virtual assets to invest in the currency.

[narukami]

the demand of the bitcoin was high due to its uses now the bitcoin has a wide range of variety that they use bitcoin as a payment in the real world and also there is a lot of people that invest and hold bitcoin so in this way the demand was going high and the price was going also

[xenomorphe1]

Because Bitcoin is in high demand. And there is not a lot of Bitcoin and there is only 21 millions Bitcoins and only 4 millions Bitcoins which can be mined. Other coins have a lot more coins. There is 96'290'018 Ethereum in circulation and it can still be mined... The less coin we have, the more precious it is.

[d1337r]

The high price of Bitcoin is the effect of its high demand.

Some people are waiting for the next hundred bitcoin forks, some waiting for the bitcoin futures and so on. These events are driving the price up.

[mware]

i think this because CBOE Global Markets and CME Group are launching new futures contracts on December 10 and December 17, besides that many people start buying bitcoin to make a profit

[Taskford]

The price of bitcoin is going up high because the demand is going up too. That is the simple rule of the law of demand and supply and that is why the market of bitcoin is getting stronger. I think that in the next few months, we can see a higher price in bitcoin because of the potential massive adoption for bitcoin.

[zeze18]

Probably because of the high demand of Bitcoin,but the lack of Bitcoin's supply will cause Bitcoin's price to be high.
I think Bitcoin will continue to increase as more and more Bitcoin users and of course Bitcoin demand will increase so that Bitcoin price will be very high.
and it's really incredible progress do by Bitcoin this.

[NLO]

The rise in the price of bitcoin is good, of course, especially for those who have bitcoin. Only at the same time does the value of altcoins decrease. In addition to the dollar rate, there is a course in bitcoin, which is more valuable.

[Streets 2.0]

Difficult to understand. What is the high price? Is it high? Today, another local maximum of the bitcoin price was paid. Tomorrow it can come level 18-19k after all news - one is better than another! In the new year, I'm waiting for 20k and winning a bet with my friends. I am confident in the victory - after all, the feelings of investors are similar. New Year has not been canceled, and the desire to enter the cache at historical highs will be too welcome! So at the beginning of the new 2018 I expect a drop to levels of 10-15k.

[mixail09]

I think due to increased media coverage a lot of people who didn't previously know about BTC are looking to invest into it now, which in turn creates high demand, which increases its price because the amount of BTC is finite.