Why is the price of bitcoin so high

[KTPU777]

The price of bitcoin is so high, because it is the world's first crypto currency and always will be. Bitcoin is digital gold. The technologies of some altcoins are now more advanced, but bitcoin will forever remain the standard for crypto currency.

[philad220]

The price keep on rising because there is an increase in demand of bitcoin in the world, and also bitcoin is the first digital currency.

[anil07]

Now a days everyone know about Bitcoin in cryptocurrency world it's every year grow up and in the future it;s growth more high. In cryptocurrency world now bitcoin represent it and more people believe in bitcoin for get more profit. Bitcoin also stable in the market as long time and altcoin new coin collect so bitcoin price so high.

[Partizanai]

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

Ofc there is some truth in your words bitcoin is the first peer to peer crypto currency, it has this huge legacy, but on the other hand people pays a lot of money for bitcoin and bitcoin is now a valuable asset. It is not for the day to day shopping. It is like fine art, of crypto world

[shaun98]

Bitcoin is pretty much the first crypto, making it the original one, before the likes of ETH and such. Therefore, people know it better since it has been around for a longer period of time.

[BennDragon2]

Why is the price of gold so high ? Simple reason for both 2 questions,it is important and is good investment.

[#CapsLOck]

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.

That's true because sometines bitcoin is not that really high it only deoends in the value, were too blessed if that will happen but eventually its not

[Litzki1990]

It was my first time to see the bitcoin will going pump in $19k, It was aa huge value of bitcoin that rise on that high value. It was great opportunity to the bitcoin holder because they can get a high profit from that.

[v0rtecxz]

why bitcoin prices can be high, I think because bitcoin has a limited supply that causes it to become increasingly difficult to find so that prices soar, and the rise in bitcoin prices can be influenced by market demand where if demand is higher and bitcoin supply not enough to meet the demand will rise quite high, and so because many new people are starting to see the potential of bitcoin as a promising investment place, so they invest in bitcoin they buy a lot of bitcoin for them to save as an investment, either long term or short term

[ycoin123]

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

I think Bitcoin have a believe by their Consumers.i think that's the only reason.

[grimoire5]

yes, for now BTC have higher marketcaps
i think because BTC is the mother of all cypto nowadays, except ripple
it is only natural for investor and trader believe BTC than other coin, huge community, user, exchanger, etc to buy BTC after fiat money
but i think it will depend on how this technology will implement in daily life
more buyer, more demand and higher price

[Kinoman]

It seems to me that the price of bitcoin is so high due to the technology of the blockchain. This technology can become very useful to society. And now people understand the value of crypto currency and want to buy it.

[flatnose101]

It seems to me that the price of bitcoin is so high due to the technology of the blockchain. This technology can become very useful to society. And now people understand the value of crypto currency and want to buy it.

they want to buy when they finally see the positive way of having bitcoin and by owning it and the way on how bitcoin may change your lifestyle for because of having this and more people are now having this so as of now bitcoin may take so high.

[Antiqua]

supply and demand
always because of that basic knowledge of economy

low supply but have high demand that cause of high price of bitcoin
21million supply but use by much people from different countries

[corroze]

the current high bitcoin price is certainly due to increasing number of investors investing in bitcoin, resulting in high levels of demand in the market that cause the rise of bitcoin prices which has always been influenced by the high demand and supply that occurred in the market crypto

[mariored89]

According to me, i think that the price is high because of the tecnology and the number of avaible bitcoin (which is less than of total avaible btc) and of course due to the increasing demand of btc

[tawfiquecse]

Bitcoin is the first and Digital crypto currency in the world. It is the father of all of crypto currency..Its very expensive coins then others and still increasing the prices. It has huge demand in market and huge investor. People investing huge money that's why its price has been so high.

[Litzki1990]

Bitcoin is the first and Digital crypto currency in the world. It is the father of all of crypto currency..Its very expensive coins then others and still increasing the prices. It has huge demand in market and huge investor. People investing huge money that's why its price has been so high.

If have many investors invest on bitcoin it was a chance of the bitcoins will going to rise the value, We know some altcoins were going to trade in bitcoin so that we change in to money and i think bitcoins it is a root of all the altcoins.

[Vanshenz]

Because bitcoin is the first digital coin in the world so it is very valuable and expensive, because now many people are starting to hunt bitcoin, with many bitcoin hunters, bitcoin prices are rising.

[MattCrypto43]

Because bitcoin was the very first crypto currency and the number of investors are also high as compared to other crypto currencies.


Its secure , stable and best for short term profit also long term !