Why is the price of bitcoin so high

[Streets 2.0]

Good morning everyone! "Why is the price of bitcoin so high?" Today this issue is not as relevant as at the beginning of the month. The price was adjusted to the level of 13k. All these factors make it possible to conclude that by the New Year I'm unlikely to see my expected price level at 20k. Analysts of crypto-exchange trading platforms predict the growth of bitcoin in 2018 to the level of 60k. What are the next rumors of those who bought at the "top" or real facts - time will tell.

[Streets 2.0]

Do not underestimate the possibility of a "rebound." Reducing the price to the level of 13k can provoke a number of investors who play on a slide to make their move and then there is a chance to see a level of 10k and maybe less. On the other hand, "bulls" can break this order and do the opposite! Whose moods will prevail before the end of the year is unclear - after all, in December we saw both. In any case, this amazing currency will surprise us many times and will pour - I am sure. I wish everyone in the new year to wait for the desired price and get the long-awaited, well-deserved profit.

[vjocha]

I think Bitcoin's demand is higher than anyone thinks. There are many countries that try to accept bitcoin for use in their country. Even the Bank issued bitcoin bonds to invest in world markets. That's why I think bitcoin is very high.

[Alerter]

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

It's not superior in terms of technology. High price is explained by:
1. First on the market
2. Limited supply
3. Huge investments into coins and mining

Now it became too big to fail. How big it can become? Noone knows.

[Blueblade]

Bit coin first introduced crypto currency.So many of these benefits have begun to use it.This will increase the value for most people to use.And it's only 21 million And it can not be created.That may increase its value.In total crypto currences Bit coin users are just too much.So in the crypto currency Bit coin transactions are just too much .This too is expensive.

[vastmast]

Bit coin first introduced crypto currency.So many of these benefits have begun to use it.This will increase the value for most people to use.And it's only 21 million And it can not be created.That may increase its value.In total crypto currences Bit coin users are just too much.So in the crypto currency Bit coin transactions are just too much .This too is expensive.

Its not expensive. If you think it is expensive now, do not look at prices one year later. When it was $ 300, we said it was expensive. When it was 500 dollars, we said it was expensive too.
It's $ 15,000, we're still say its expensive

[RaptorusKing]

Bit coin first introduced crypto currency.So many of these benefits have begun to use it.This will increase the value for most people to use.And it's only 21 million And it can not be created.That may increase its value.In total crypto currences Bit coin users are just too much.So in the crypto currency Bit coin transactions are just too much .This too is expensive.

Its not expensive. If you think it is expensive now, do not look at prices one year later. When it was $ 300, we said it was expensive. When it was 500 dollars, we said it was expensive too.
It's $ 15,000, we're still say its expensive

Because it is. It's of no matter if it's worth 500, 1500 or 15000 USD when you can't afford to spare 300. That's what "expensive" is - it's something that matter as an expense for you, not some abstract "high price".

[Bitcoininspace]

Bitcoin’s total market cap reached $166billion on Tuesday as of 1.15pm, according to CoinMarketCap. Why is that so? Maybe because it is the first currency or because it's the most famous one?

[Odora]

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

from information that gained Bitcoin price increase as well as stock and forex increase,
whereas many purchases occur then automatically the price will rise,
and until now Bitcoin price increase is still caused by speculation,
when a group sells its Bitcoin then the price will drop...

[BeManga]

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 price rise when there adoption occur example is some big company that only use fiat but start to accept bitcoin
big company will start to buy bitcoin and also the user who use their platform
compare to cash bitcoin supply is low and with low inflation
if you also add the competition in mining some small miner will just buy bitcoin
if they will get more bitcoin if they buy instead of buying more mining rigs

[ZaynDale]

Bitcoin being the first crypto does not have anything to do with how it grows. But the popularity it gains from being the first crypto helped a lot to gain more investors which caused the price to pump up. I think bitcoin is the first step in  the crypto world, be into bitcoin first before going into altcoins.

[ZaynDale]

Bitcoin’s total market cap reached $166billion on Tuesday as of 1.15pm, according to CoinMarketCap. Why is that so? Maybe because it is the first currency or because it's the most famous one?

I think both relate to each other. It is the most famous because it is the first crypto. No matter what crypto altcoin you will be studying, it will always lead you back to bitcoin. And that popularity makes the demand of bitcoin increase together with the price. So, they both somewhat caused the price to pump.

[Karandhiman2607]

Because Bitcoin is not a stable currency and there is not anyone's control on it so, it's price keep fluctuating . That is why it's price is so high.

[Hityor_Petar]

Bitcoin is like a relic) besides it’s like the main hub to cryptomarket

[BlackWidow]

Here already the price and not such big) Certainly bitcoin it is a bubble, we solve - what will be at it the price. here many write - that store bitcoin - thus do not give arguments why

[Rudy_Third27]

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

yes,I think because the number of Bitcoin users is getting higher so that the amount of Bitcoin demand is also high but the supply will be Bitcoin unbalanced or less than the amount of demand,so it could have caused the price of Bitcoin so high.

[madgtr]

Bitcoin is the first digital currency and the price value of all other currencies is calculated on the basis of Bitcoin.
As demand for BTC rises so does the price.

[spov]

The price is high because it is the most popular one. It is no way superior to some new coins in the market, but being the oldest Bitcoin has its perks. But we can expect some other coin to take its place if some of the prominent problems of BTC are not addressed - like speed of transaction and the high fees.

[Cryptozond]

In addition, it seems that large market players create a manipulative demand for bitcoin to raise price

[Lodipetmalu]

The bitcoin value is now so high due to publicity in the market, and also many people were now aware of it so they got attracted and buy on it cause they know that their investment will earn profit.