Why is the price of bitcoin so high

[eagleman]

I'm expecting the price of bitcoin to increase now as there's another fork that was already to trade in exchanges. And this will result for people to just sell this coin and earn a free money by doing it easily. After earning from that coin it will lead people to buy mostly with bitcoin but some will choose another coin of there choice. This makes the price of bitcoin so high because of the demand that it gets from the people who are using it.

[royale143]

Bitcoin is the original one, so is it superior. I beleive that altcoins are followers of bitcoin and should be put after bitcoin.
When a person newly gets involved to cryptocurrency, he must know the bitcoin first in order to understand crypto world.
The reason of price rise in bitcoin, is because bitcoin is nominated worldwide and is acceptable at most places, whereas people are mostly not aware of altcoins

That's true. It's always great to have the high ground or the vantage position, which bitcoin gained for it being the pioneer coin in the cryptocurrency market. Also, since it has endured to many changes and trends in the market and has basically single-handedly introduced the concept of cryptocurrency around the world, it commands the best potential and marketability that would be comfortable aspects to convince a person to invest in it. Also, given that it has a very high market value, it is no wonder that many people are becoming interested in it.

[alt18coins]

Earlier no body know about it.But in present everyone knows about it.Bitcoin is the first coin that is released.So,the demand of bitcoin are high and the prices are also high.

[skullsandbones]

The demand for bitcoin is high and so is the price. It is the most popular coin and the oldest.

[Nukleo]

At one time, the same dollar was pumped into the world's economies. Apparently it's impossible to inflate the buck now that bitcoin came up.

[pthnmj]

Because it's so much superior. Bitcoin is the first largest cryptocurrency in the world. It's the father,  the king of cryptocurrency.
While the users of bitcoin are big enough, the supply is very limited. That's  why the bitcoin price is very high and expensive now.

[RavRider]

Because the supply and demand who control the price! A lot of investors are in bitcoin so thats why the price of it was so high compare to another altcoins. Bitcoin was the first of all digital currency and the strongest coin. It will be very hard to defeat it.

[haster100]

Because bitcoin is the first one to be widely used and popular throughout the internet. It mostly represents cryptocurrency, so if cryptocurrenciy gets popular, bitcoin is the first one to be recognized.

[legenduim]

As we experienced the price of Bitcoin was in some extent bigger than it must be, in other words overpumped. That’s why the Bitcoin price was fall backed and this is a right thing. But nevertheless Bitcoin still has a huge potential.

[pogpog10]

Bitcoin is currently having hard times but that will change soon. I don't agree that it's too high even when it was 20k. When we think about bitcoin's potential we should get used to seeing these big numbers becaseu sooner or later it will pass 50k too.

[explosion]

I don't see any certain potential in bitcoin. I'm sure all the price is due to hype and artificial demand. Yes - it was the first. But the altcoins following it have better technologies behind and can be used in many more spheres.

[torukmakto]

I think bitcoin price is so low because its capacity so high. Just imagine that ICOs will be part of life. When they will be real, bitcoin price will reach 500 k dolars. I hope we can catch their profit.

[Altcner]

Bitcoin is inflated by the huge demand from big investors and bitcoin support communities around the world. I think the bitcoin will end in 2017 at $ 20,000, because now the capital is pouring into bitcoin more and more

[1l1l11ll1l]

very high demands make very high bitcoin prices, supported by a very large community and broad supporters. I still expect a lot with bitcoin because I still see bitcoin still has enormous potential despite its very high fluctuations

[yrsat]

The ordinary world starts accepting crypto money, realizing that they are the future of the economy. All these factors favorably affect the cost of the first crypto coin bitcoin.

[LUCKY21]

The price of bitcoin is so high, because it was and is the first crypto currency in the world. He is like digital gold. People believed in the technology of blocking and thus secured such a price bitcoin.

[ryjin1007]

That is the popularity of the bitcoin when the time goes by more investor will buy bitcoin to make the prices go higher and the technology goes rapidly grows faster bitcoin is now relevance when shopping chosen shop that will accepts bitcoin

[moonami]

The price of bitcoin is so high, because it was and is the first crypto currency in the world. He is like digital gold. People believed in the technology of blocking and thus secured such a price bitcoin.

Yes, the value of Bitcoin is high if you will compare it to the other coins. I think the reason behind it are, first, it is popular and it keeps getting known worldwide. Also, Bitcoin starts to get the trust of people so the demands get high too. And like what you said, it is the first cryptocurrency created in this world, so if you'll have comparison, it will always be top of the hills.

[MFY151]

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.

True, since it is the very first breakthrough of cryptocurrency through bitcoin I think it deserves that high value from all of the things it has gone through. Bitcoin has laid the very foundation of acceptability and services for cryptocurrencies that every altcoins benefits today.

[zlt220]

As it could be seen, bitcoin price is so high compare to other altcoin, simply because bitcoin had been in existence for a while, and it is the most popular and the first digital currency all over the world.